you buy back berkshire stock instead.him do that aggressively this quarter, buying back 7.6 billion. as for operating earnings, those were up, helped in part from the economy recovering from the pandemic. his energy businesses and his railroad particularly held here, bnsf saw a record earnings, which was impressive, because, it has the world over been susceptible to a lot of supply chain crashes. i think overall, investors are still being kept rating for the big acquisition. but we feel good about -- waiting for the big acquisition. but we feel pretty good about how the conglomerate is doing. heidi: it's really not the worst problem to have area when it comes to consumer exposure, tell me more about the supply chain issues? are they expected to way more into -- weigh more into this key season? sally: buffett still pointed to an uptick in consumer demand for products, which did help offset some of those. so, while he is keeping an eye on it, i think investors probably look at his earnings very closely for what he says abou

year-to-date berkshire shares are up about 25%, which matches the s&p's performance.ast year. he exited airline stocks. last year, right? he did this , because of the pandemic. he just couldn't see that far out, he said, as to when people could feel comfortable traveling well as the u.s. gears up for a big travel boom, airlines are doing well, and wells fargo is making a bet that one hotel chain is going to win big with the reopening of u.s. borders which happened today. wells raising marriott international's price target to $180 per share it's at 168 right now. wells fargo says it'll benefit from higher travel demand. check this out expedia shares rising more than 287% since the pandemic began in march of 2020 so expedia has done incredibly well. hotels, airlines, booking site, all awaiting an influx of international travelers as the u.s. today rolls out the welcome matt for those who are fully vaccinated. let's go to one of those welcome mats grady trimble is live at the security checkpoint at the international terminal of o'hare airport in chicago to tell us what t

berkshire's cash pile hit a record in the third quarter at nearly 130 $60 billion. walmart boosting profits to 18%. their record came even as berkshire poured more money into buying back its own stocks, surpassing the amount it employed in apple. blackstone has walked away from crown resorts with no plans for a new offer for at least 18 months. the casino operator rejected the most recent bid of 6.5 billion dollars in may. any deal. marvels internals brought in $71 million in north america on its opening weekend. representing a rare miss for the studio. internationally, the film generated over $90 million. last month, north american box offices hit a high for the pandemic era. they are still short of totals before covid. more to come on daybreak: asia. this is bloomberg. haidi: good news when it comes to the virus, the vaccine, as well as treatments. we have heard that pfizer's new treatment pill for covid has been shown to be highly effective. all of this is spurring interest in the travel and hospitality and reopening trade. in other people are getting vaccinated.

>>> i'm at the home of alan berkshire. alan, do i have your permission to videotape your statement >>, u mo certainlyo. i had encountered a person in the lawrenceville drive-in on friday night, just a couple of days before joel kirkpatrick was murdered. and he come in and he looked around, and he kind of almost seemed disoriented. he sat down and started talking. you know, is this your son? i said, yes, this is my youngest son. and he tapped him on the shoulder one time. he said, i bet you're a pretty good boy, or something. he made a very unusual comment that really upset me. he said, i'll bet you're afraid of me, aren't you? and the guy did a funny -- [ laughs ] you know, i guess maybe everybody ought to be an afraid of me. >> that is about the happiest face you have ever seen. his plan was to be a programmer and video-game tester, but, you know, the intentions of a 10-year-old boy. joel was brilliant beyond my wildest imagination. i'm not saying that because he is my kid. everybody loves their kid, but every teacher tol

nvidia is now 100% it's doubled for january the eclipsed berkshire- hathawa. berkshire at 654 billion >> that is amazing thank you. >>> the move into small caps gaining momentum the russell 2,000 reaching a new high today until recently, small caps were lagging, the s&p 500 more than doubling the russells return over the past six months or so so small caps have new buying power. let's bring in paul hickey, co-founder of the investment group. paul, i think you will say yesp why? >> i think there is a good case to be made for small caps here as far as the overall market is concerned, we just released our pros and cons report last week the pros outweighed the cons it looks like an interesting time for the small caps, expectations have come down. we started to see actual results start to improve relative to expectations secondly, as wyou were saying at the beginning of the show, small caps were in one of their narrowest nine-month ranges in history a. lot can happen in a period of nine months, but the thing is, small caps have done nothing except move sideways dur

of course, i am describing berkshire hathaway's model.omaine: obviously, that has worked to a certain extent. outside of the industrial model or financial model, there's a lotta focus on the tech companies out there. and what they have managed to build. some people say to a certain extent, this is a softer version of the industrial conglomerate model. >> no, they are quite different. the thing you have to understand about a company like for example amazon, it is highly related on the customer side, even though on the supply side that defines which industries they are in using federal trade commission measures of diversity, they are widely -- wildly disparate. the logic of their strategy at amazon's they have a couple customers who value them very highly, they look to see what complementary goods or services they can provide for those customers that will be interesting and keep their best customers coming back for more and more so that amazon has been expanding on the supply side into being lots of different services, lots of experiences.

when it is running, it will be owned by berkshire hathaway as well, the good news, this could createount of jobs, about 2,000 workers at the peak when this takes place as well, a fascinating story. moving onto the mid-west, if i may as well. we've seen huge inflation, the latest cti was 3.2%, the biggest in years it's much worse in the mid-west, 6.6% compared to a year ago. prices in gas lean prices up, 53% over the last year poultry, fish up, used car sales up 26.1% used cars and trucks as well so this inflation zwsqueeze wor than in the u.s. >> up next, janessa is telling us about a lunar eclipse 600 years in the making. >>> ahead, she took a louisville slugger to two red lights, a woman caught in a cross fire woman caught in a cross fire over up would be the operative word there pal. oh, yeah, yeah. sorry, have a good day! if you ride, you get it. - come on in oh wow, we're really backed up. geico motorcycle. fifteen minutes could save you fifteen percent or more. from the very first touch, pampers, the #1 pediatrician recommended brand, geico motorcycle. helps keep baby's skin dr

the law follows a campaign by the widow of pc andrew harper, who died trying to stop a burglary in berkshire killers were convicted of manslaughter. the national police chiefs council is among those who've welcomed the proposals, as our home affairs correspondent june kelly reports. lissie harper's campaign has taken her to the heart of government. today she was back in london to meet the justice secretary, today she was back in london to meet thejustice secretary, dominic raab. the call by pc harper's family for a new law has been supported by the police federation of england and wales. just four weeks after his wedding in 2019, pc andrew harper was killed. ministers have now announced there will be a mandatory life sentence for anyone convicted of killing an emergency worker while committing a crime. we think as we come through this pandemic and we build back stronger, fairer, in all sorts of ways, we should increase the sentences for those attacks and murders, or unlawful killings, i should say, of emergency workers. and we want them to know that we've got their back. pc harper was chasin

thank you for joining us. >> thank you. >>> meanwhile berkshire's 13fs are out.e picker. >> lots of moves this quarter. this is of course as of the end of the third quarter the positions may have changed since. the firm boosting the stake in chevron. also some significant pairing back in the health care sector down by 30% to hold about $1.5 billion. sold out of the merck position completely and paired back the stake by 16% in bristol myers squibb and did maintain the take in teva and took a new stake in royalty pharma which is trading higher on that news in the after hour today they also took a new stake in floor and decor but that stake is quite small other moves for the quarter small trim in visa and masterkard and u.s. bank corp. guys >> leslie, thank you. >>> up next, mike back to look at one reason why wall street might be cool with the hot inflation data released. roblox shares up more than 130% since going public in march. an analyst thinking the stock can rally about 30%. we'll talk about the investor day next trading isn't just a hobby. it's your future.

new mum who spent eight days in a coma after contracting is taking legal action against the royal berkshireys she wants to raise awareness of spesis kills a8,000 people in the uk every year, that's more than breast, bowel and prostate cancer deaths combined. briony leyland has been to meet her. max will be two and a few days' time. he is thriving. his mum is still suffering pain and trauma after developing sepsis in the days after developing sepsis in the days after he was born. shelley says the initial signs of his condition were missed. on a home visit, a maternity support worker told her how high temperature and pain were probably down to flu. i temperature and pain were probably down to flu. . , temperature and pain were probably down to flu. ., , ., temperature and pain were probably down to flu— down to flu. i was not making much sense to my — down to flu. i was not making much sense to my husband. _ down to flu. i was not making much sense to my husband. i _ down to flu. i was not making much sense to my husband. i could - down to flu. i was not making much sense to my husband. i cou

introduce his daughter to some nice english people her own age and take a party which is now a hotel in berkshired then her best friend in england and also two weeks later harding ten. now billy was the heir to the duke of devon shire and love at first i in a tremendous love affair. meanwhile halifax is very worried so he and churchill that same spring start to work together and other economic means of trying to outwit germany. kennedy is completely oblivious, he gives boys international experience and he also is putting himself in position maybe going for the post- presidency maybe even the presidency. and this lady who should be very well known to all of you is clear abuse loose may 1938 she and henry came to the embassy in london and shortly afterwards she began an affair with joe. interestingly as a staunch republican, she became one of his greatestiv advisors. she tells joe you can't keep staying in london. what you've got to do is get yourself some pressing go back home to some great press asap. so people don't forget what you look like. he took her at her word. so that the next time he wou

you would kr gotten up to 80% and you gave up the discount when you did the deal with berkshire. we did it with the exchange of shares, of lsx shares for sirius xm shares to create an active trader business created additional flexibility for us to be able to spin the tax-free or do different things with the asset and we will have more flexibility and optionality because of the manner in which we did it. modest traded for flexibility. >> optionality and flexibility what does that mean and why now? why couldn't you wait? is there something you want to do soon? >> no planner intent we didn't want go over 80 through a cash buyback we wanted to make the execution through a share exchange which allowed us to make it an active trader business. >> nothing near term at least that you necessarily plan? but if there was an opportunity, given your optionality and flexibility, you can now take advantage of it? >> we would like to think so. >> all right the braves, it's on my list here you see. you know how to get to it first. >> seemed appropriate. >> there are those that say you're not a nat

berkshire hathaway was a net seller of equities for the fourth straight quarter, selling almost $2 billion of stocks. history indicates buffett has struggled to find bargains with the stock market hitting all-time highs. an airport has agreed to be bought by a consortium of funds, just as australia reopens to travel. it has accepted an offer from a group of investors. the company had rejected two previous lower bids. employees at three starbucks coffee shops in new york get a decision on whether they can unionize. if so, they would be the first story ever to recognize unions. a vote in favor would be a victory for the company's labor movement. let's get a quick check on what is happening in the markets and what is coming up as we open the doors to international travelers to come to the u.s. that is helping the markets today. we have optimism surrounding the pfizer virus treatment, u.s. travel restrictions easing, and we have the signal that the federal reserve is not willing to rush in terms of acting rates. can this mean that companies can continue to post strong rates? the s&p 500 clingi

but it shows you there's really not a lot of premium in here right now for a berkshire. somewhat defensive stock it's at about 5% below its stocks some people view it as some kind of a bellwether though >> going back to your previous talk about how some of those raciest sectors have started to roll over, if rivian's move today is a sort of early sign of what's to come for the others, then that will have a bigger effect on broader sentiment if it does roll over like the other parts of those racy sub sectors. >> evs obviously would although really it's tesla tesla is the one that's in the s&p 500. it's much more widely owned. it's been around a longer time it's bouncing a little bit today. but there's no doubt about it. now that we have a couple trillion dollars bound up in that relatively young sector >> mike, thank you let's dive a little bit more into that relatively young sector, evs like rivian and lucid are pulling back today as president biden tours gm's ev plant in michigan. phil lebeau has all of those moves for us >> as rivian and lucid shares pull back, we are s

buffett >> berkshire hathaway is a very large and greatly valued shareholder.n the road the last week talking to shareholders across the country. i think they like what we're doing and they have an optimistic view about the future. >> do you think there were shareholders who were not shareholders were bumping it up. >> they may add to their positions and new shareholders want to see financial performance and they want to see responsible stewardship of our business against the society's expectations today we invite new shareholders to come in and we want to increase our positions. >> are you surprised some u.s. producers are still being disciplined? we know if we pumped everything into this country, oil prices come down. >> i think most producers in this country have committed to shareholders they're going to return capital and be responsible as opposed to chase growth. >> that's what they did for years. how do they get religion since rockefeller they've been spending like mad. >> well, the industry has a history of this. this time it's different we'll see if th

berkshire hathaway has posted an 18% jump in operating profit on the year to $6.6 billion, but they missedstimates as hurricane ida hit its insurance operations despite setbacks they said many of the businesses, including energy and railroads benefitted from the economic reopening. >>> the continued rally in equity caused testhem to sell se of their stocks. >>> on the macro front, job growth in the u.s. topped expectations rising by 431,000 for the money. the leisure and hospitality sector led the way, supported by gains in professional and business services. wage growth grew by .4% on the month but jumped almost 5% on an annual basis amid inflationary pressures. >>> the house of representatives has passed a bipartisan infrastructure bill in a major boost to president biden's economic agenda. it now goes to biden's desk for his signature. it includes funds for improving the broadband networks and utilities. it boosted the u.s. in the face of chinese competition. >> the house of representatives passed the infrastructure and investment in jobs act that's a fancy way of saying a bipartisan in

there is the performance of berkshire hathaway. first of all, you need a 41,002 by one a-share.ni: that is a lot of numbers. i don't know. manus: it's a lot of numbers. then you have concentration risk, what if you bought one share? you have that money all in. i could think of worse people to be fully loaded on. on a slightly more serious note, it is a cash pile, that brings in the bigger question, how richly value our -- valued our u.s. equity markets? bank of america, dark side of the moon. u.s. equities outperformed every other part of the world, the best year since 1997. it is a victorious lap for u.s. equities. dani: it is, and if you just say equities will go up and i will keep buying, you have done extremely well. you are in a place where it is difficult to bet against equities, even as we has gyrations in the bond market. this is the fomo trade, i am stealing the acronyms, because it is unrelenting buying. manus: absolutely. let's have a quick snapshot through the markets this morning. equities lighter. will the tesla 10% stake sale make a difference? that's a question w

27% on its trade in the mumbai exchange selling include pre-ipo investors, and warren buffett's berkshiretbank according to a recent filing they sold about 10% of their positions. it's been losing money over the last three years that's raising questions around the valuation of 30 times sales compared to other fin tech companies and paypal and square and it's playing in a highly competitive market, and that's referenced by ceo doug mcmillin earlier this week on cnbc it is one of many going public in india as investors pivot away from china and soon, u.s. investors will have more exposure to these names as we get incorporated into etfs and they'll be debuting a new u.s.-listed india etf next year and the online delivery firm will list on msci. get ready. a number of more indian companies coming to market thanks, seema modi interesting day. the hill now reporting that senator manchin is looking favorably at powell after a chat we'll keep our eye on that let's get to the half. >> all right lots to watch today, carl. thanks so much welcome to "the halftime report," front and center this hour n

that was a quiet and calm end to the day in bracknell, berkshire, but things won't be quite as sereneigher ground, so storm arwen could cause disruption through friday and into saturday. we have this area of low pressure, storm arwen, which has been developing. it's been its the storm arwen, which has been developing. it's no n its the storm arwen, which has been developing. it's no to its the

. >> we sold the first business to berkshire. liz: i know. kenny, we're running out of time.ickly, pilot shortage, jet fuel. i need to pin you on that. you ready for thatsome. >> yeah. i think, first off, we have the pilots. we just came for the first time in our industry with a package that included equity. so our pilots are now our owners. i work for our pilots like for the rest of the shareholders out there on wheels up. so i think we have a unique, differentiated package there. we're going to make our pilots and make our place the best place for a pilot to work. but as far as fuel goes, fuel comes and goes. there's tremendous pricing power in our space. we're not exercising everything we can exercise at this moment in time. but i think that the fuel is going to come off a little bit, stabilize here and all systems go. liz: well, your stock is jumping as you speak, kenny. it's now up more than 2%. our viewers matter, kenny. thank you for speaking to them. actually, it's up 2.6%. all right, good to see you. kenny dichter of wheels up. >> liz, i'll see you in the metaatmosph

berkshire having new positions in royalty pharma and floor and day core ap loo a sold its stake in netflixe in amazon and micron some of those stocks a little active in the premarket trade as well at the same time making a big bet on retail, increasing its stake in macy's by more than 90%. and finally michael bury of the big short faang exited bearish bets on tesla, ark he told cnbc last month he was no longer betting against tesla and his position was just a trade. as for his new investments he added a long position in l lockheed martin in the third quarter. >>> the container crisis is plaguing companies around the world. some companies are chartering bulk carriers that would move commodities like coal and iron ore to move their products around lori ann joins me with more on the logistic trends there. tell me about the bulk carriers, they move bulk commodities, they're now being converted to containers. >> reporter: yes and no. it's interesting because these bulk freight vessels carry flour, livestock, soybeans so it's loosely unpacked. what's reported is companies say, coca-cola, they ar

most managers we bet berkshire hathaway did keep it the same except for keith meister's corvex which disclose a new put position on apple. the counterpoint is from third point which added to stakes with amazon during the quarter. important to note, scott, as always as we cover these 13 positions are a snapshot from the end of the third quarter in this case, september 30th and the business may have changed in the six weeks since then scott? >> not to mention that it's always hard to read into what the actual motive is from each of these big-name investors and at least as it relates to corvex, which, you know, has some puts on apple or the arc fund it is my coulding that those are out of the money portfolio hedges rather than some sort of big directional bet against either which underscores the point that you made. be careful of how you read these things and try to make investment decisions as a result >> that's right. of course, big tech as a whole represents so much of the broader market so it could be a simple beta play they just don't want to have as much exposure to the broader ma

english people her own age and kit attended a party easter weekend party, which is now a hotel in berkshirethere she met gino and became her best friend of england and also about two weeks later jean's cousin billy-- now, billy was the heir to the duke of devonshire and literally it was love at first sight a tremendous love affair. meanwhile, halifax is very worried that it isn't working so he and churchill started to work together on other economic means of trying to out-- outwit germany. kennedy is completely oblivious about that. he has his family in europe giving his boys international experience and he's also putting himself in positions for maybe the vice presidency in 1940, maybe even the presidency. this lady who should be well known to all of you is clare booth luce. in may, 1938 she and henry came to the embassy in london and shortly afterwards she began an affair with joe. interestingly, a staunch republican, she became one of his greatest advisors. so, she tells joe that he can't keep staying in london. it won't get u-boats back home, you have to get yourself some press and go b

and just passed berkshire hathaway this week to take that title the stock has been a relentless winner that's why we talk about it so much up well over 1,000% in the past five years and we now passed the street's average target price of $236, well above that. so, we'll have to see when the analysts catch up. wells fargo upped its price target to 320 bucks this week. what a run, carl >> amazing just amazing >>> meantime, a lot of enthusiasm for ev stocks, as well as you know nikola not one of them they say 2022 will be a transition year for hydrogen and they take the stock to neutral >>> big beats from software companies datadog and mongobd. we'll talk about that as ten year back to 145 "techcheck" straight ahead moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with spe

now to this morning's more of your top stories including berkshire hathaway's stock pile hitting a newchristina is back with more on that we talk about a cash pile, this is a carsh pile. >> this is a huge one as they saw an 18% increase in operating profit in the third quarter from a year ago that figure, coming in at nearly $6.5 billion thanks to a continued reround in the railroad, utilities and energy businesses also reporting the cash pile reached more than $149 billion at the end of the quarter up from 144 billion in the previous period, despite aggressive share buybacks by the company. chump change, right. >>> american airlines is offering to raise pay for flight attendants in order to avoid a repeat of the last few weeks they'll receive time and a half during late november and late december trips if they have no absences during that period, they will receive another 150% pay and marvel's new super hero film "eternals" pulling in $71 million at the box office in the opening weekend. that debut marks the fourth best just behind "shang-chi" with the $75 billion opening in september

company by market capitalization, that surpasses warren buffett's $648 billion behemoth berkshire hathaway. parents, i remind you of more than 70 huge companies with five of them would make the fortune 500 if they were broken out, including geiko, insurance, dairy queen and the entire railroad he owns, burlington northern. so now nvidia is higher than that. is the technology sector getting an assist from the federal reserve keeping borrowing rates near zero? to our floor show t 282 billion in assets under management, eric friedman is chief investment officer at u.s. bank wealth management and sarge guilfoyle away from his screens for a few moments to find out what he's doing on this thursday, final hour. eric so much for the rotation out tech and into value, which side are you saying is best for your investors right now? >> liz, we think that technology is the place where you want to be. that's the spot that we have as a permanent place in our client portfolio, as we do think that for the next let's call it three to four months, it's cyclical value will do well. we've used a one-two horizo

. >>> nvidia up 130%, surpassing names like berkshire hathaway and market cap with most of the semi space, how much more could be left in nvidia dom chu is here with the story it has all of the buzz words going for it these days. >> mess au verse >> metaverse >> it does >> we have everything going on if you ask in terms of momentum what it could be, it is really about the gains we have already seen, about 132%, like you said. it is the seventh most valuable company in america in the s&p, biggest semiconductor company, $760 billion in market cap it goes without saying there's a lot of positivity baked into the stock, and it has been for a while like that, which is why markets are often expecting some volatility around the stock going into and out of earnings now, here is the current consensus expectation. we are talking about $1.11 in earnings, about $6.8 billion in revenues, according to estimates compiled by fact set new this morning, we had webb bush downgrading nvidia to neutral from prior outperform. they admit there's no negative catalyst to pin the move to and the conditions have on

starting with warren buffett and berkshire hathaway, shedding merck.alty. >> and appaloosa sold its stake in netflix last quarter and cutting stakes in amazon by 44%. and micron by more than half at the same time making a big bet on retail. increasing the stake in macy's by more than 90% to 7 million shares and finally michael bury of the big short fame, exited bearish bets on tesla, alphabet and k cathy woods innovation fund last quarter. bury did tell cnbc he was no longer betting against tesla and his position at that point was just a trade as for his new investments, he added a long position in lockheed martin in the third quarter. >> maybe an easier market to be long than short, right in the meantime cnbc has learned a defense department cloud contract was a hot topic of conversation at a google all hands meeting last thursday. the ceo read an employee's question outloud about the government's capability program. google did not bid on the predecessor contract because it didn't align with principals, no work on technologies that could cause harm th

it follows a campaign by the window of pc andrew harper, who died trying to stop a robbery in berkshireee teenagers were jailed for manslaughter. justice secretary dominic raab says he hopes harper's law will be passed "as soon as possible". it could be approved by early next year. june kelly reports. just four weeks after his wedding in 2019, pc andrew harper was killed. and since his killers were convicted, his widow lissie and his family have been campaigning for harper's law. they've been supported by the police federation of england and wales, which represents rank—and—file officers. last year, lissie harper spoke about the campaign. if a person should go out to commit a crime, and as a result of that crime, a police officer, nurse, doctor, paramedic, or prison officer, should be killed as a result of that crime, then this person should spend their life in prison. the campaign has taken lissie harper to the heart of government. and ministers have now announced there will be a mandatory life sentence for anyone convicted of killing an emergency worker while committing a crime. it's

the law follows a campaign by the widow of pc andrew harper, who died trying to stop a burglary in berkshirelers were convicted of manslaughter. lissie harper has spoken of her relief at the changes. our home affairs correspondent june kelly reports. lissie harper's campaign has taken her to the heart of government. today she was back in london to meet thejustice secretary, dominic raab. the call by pc harper's family for a new law has been supported by the police federation of england and wales. just four weeks after his wedding in 2019, pc andrew harper was killed. ministers have now announced there will be a mandatory life sentence for anyone convicted of killing an emergency worker while committing a crime. we think as we come through the pandemic and build back stronger and fairer in all sorts of ways that we should increase the sentences for those attacks and murders or unlawful killings, i should say, of emergency workers, and we want them to know that we have got there back. pc harper was chasing a group of suspects when he became caught in the towrope of the getaway car. he was drag

the law follows a campaign by the widow of pc andrew harper, who died trying to stop a burglary in berkshireted of manslaughter. lissie harper has spoken of her relief at the changes. our home affairs correspondent june kelly reports. lissie harper's campaign has taken her to the heart of government, and on this significant day, she was in downing street for a meeting with the prime minister. the call by pc harper's family for a new law has been supported by the police federation of england and wales, which represents rank—and—file officers. lissie harper said the campaign had also won a lot of public backing and was born out of a sense of injustice. i think it sends a message to those who lead those sorts of lives, who commit crimes, who have no remorse for taking innocent people's lives away. and it will tell them that we won't stand for this. it was just four weeks after his wedding in 2019 that pc andrew harper was killed. ministers have now announced there will be a mandatory life sentence for anyone convicted of killing an emergency worker while committing a crime. we think as we come

also remember, berkshire hathaway, the way it operates is there's a stated level of anything below 1.2he company will buy back stock. so there are a few ways to run it for a while, but you are right, without the buyback, the stock does not work. haidi: and of course so much of the downside is just the record loss that we have seen, the dismal performances into so many of its investments. is there any optimism that that could improve? atul: those losses are entirely linked to what happened in china. so, again, this is veryt to cala bottoming, but if china assets are bottoming or close to bottoming, then you can imagine there is less of a downside from here for softbank. the total make asset values of course around 13,000 yen per share. the stock is trading at 6000. so 13,000, there's always going to be a certain amount that will never trade, because you have to discountit for capital gains tax or for corporate holding company discount. if you would like roughly 30% discount of those levels, a share price would be around less than 9000 yen anyway, currently above where it is currently tr

is it something that looks more like berkshire hathaway?c: that would be the wrong way of thinking about the business. the promise of our business is excess return per unit of risk. but if you really thing about what we do, we were -- provide returns to retirees indirectly through pension funds, endowments, and wealth funds. add, directly through investors who access our products through our retirement services business or otherwise. look at business today. it is roughly 150 billion of equity in hybrid and 350 billion of yield. as i have said going forward, the business i expect to double will be our yield business. even at 300 50 billion today we are a relatively small participant in a vast market. so, there is plenty of room for us to grow in that business. and, we have seizedd on the notion of origination as a way of earning safe excess return that is appropriate for institutions and appropriate for retirees. yes, our equity in hybrid businesses will grow. they will not grow at the same scale that the credit business, the yield business,

we're going to start with drug royalty purchaser after a filing that berkshire hathaway has taken.res are up almost 4% right now. check out ax on enterprises. the makers of tasers and other equipment. that's surging after reporting big revenue growth domestically and abroad you can see shares are up 7% right now. and home depot beating on the top and bottom line. driven by demand for household tools and building materials those shares are at a fresh high, up 4%. and one of two big retailers we're looking at today >> meantime, retailers are the story. thanks to strong sales in grocery and ecommerce. we talked about the impact of the supply chain challenges. obviously inflation and the impact on the consumer >> our cost inflation is higher than the retail inflation and we could decide to pass more of that on. we're passing enough of that on to deliver for shareholders. we're proud to try and hold prices down. and our conversations with suppliers today, tomorrow will be how can you help us roll back prices and swim up stream and be different than everybody else? we'll balance things y

. >> the buffet touch may have, the excitement, each and every stock, berkshire and buffet advancementthat cash anymore. people do not drive in droves with the buffet touch so berkeley is up half $1 billion. stuart: buffet doesn't like or understand them or doesn't invest them and these industries are providing mammoth gains to so many investors. >> apple wasn't a tech play. it was 8:00 pm, buying back $100 billion of stock and increasing dividends. stuart: we've got to get to cryptos. there's been a lot of selling today. utility why. >> people are trying to figure this out. bitcoin below 60,000 and numerous factors here, strong dollar at play, clampdown with the reform commission saying we are going to cut energy to any potential crypto minors but that has an effect on a lot of coin based -- the riots and marathon digitals. stuart: something in the infrastructure package which suggested brokers have to report the sales. >> they have to report that but the definition of a broker, even minors are consider brokers and you are going to sell off 1000 people, how can you be responsible for

andrew harper, who was dragged to his death by a getaway car driven by a gang of teenage burglars in berkshirethink_ you will have seen first hand. i think she — you will have seen first hand. i think she has done an amazing job of the local_ think she has done an amazing job of the local police federation and making — the local police federation and making the case for this change. we do believe _ making the case for this change. we do believe in a case like that, where — do believe in a case like that, where an— do believe in a case like that, where an emergency worker responding in that_ where an emergency worker responding in that case _ where an emergency worker responding in that case to a suspected crime, apprehending those involved, and being _ apprehending those involved, and being killed in the line of their duty. — being killed in the line of their duty. we — being killed in the line of their duty, we do think that that should attract _ duty, we do think that that should attract a _ duty, we do think that that should attract a mandatory life sentence. and it's _ attract a mandatory