berkshire began buying the stock in 2016.ed the holding a family jewel in his letter to berkshire shareholders last year and it is incredibly valuable one. look at what buffett said on cnbc back in february of 2020. >> we own 5 bnt 5% of apple. probably the best business i know in the world. and we own 5.5% of it. that is a bigger commitment that we have in anything except insurance and the railroad so, it's our third largest business >> now berkshire spent about $36 billion to buy over 1 billion apple shares between 2016 and 2018 berkshire trimmed its position selling 12% of its position for about $13 billion, which buffett admitted last year to berkshire shareholder meeting was probably a mistake. now with that sale, berkshire lost out on $9 billion in apple's stock appreciation since then now the company has had nearly $140 billion in realized and unrealized gains, despite missing out on that 9 billion. now apple is berkshire's largest holding. accounting for about 45% of its portfolio. that's as of the end of the third qu

be negative apple when apple is berkshire's number one position?oesn't make sense to them, and now that i think about it, it doesn't make sense to me either >> well, i think berkshire has a lot of positions i think apple is a big position for them they have a lot of businesses that are well-suited in this macro economic environment berkshire is much cheaper than apple. you're getting apple for a little bit of a discount through berkshire. so i think berkshire the entire market cap is $650 billion versus apple at 2.6 billion. i think there's from a stock perspective, there's more runway there. >> okay. give me a quick name for a final trade and that's all i got a go >> kai >> okay. carrie, just a name. >> american express. >> josh? >> aos great earnings >> doc >> norwegian cruiselines nclh, scott. >> that has nothing to do with the shot of yours today, i presume. nonetheless, i'm seeing a tie-in have a good weekend. "the exchange" starts right now. >> i'm kelly evans the whole world is wondering whether this upside reversal will hold to the close th

i still think there's a lot of room for this stock to work and i'm surprised berkshire hathaway isn'td and the full owner of this already and i think they'll have a great year. i wanted to be involved so i started to buy it. >> speaking of berkshire b is another one of your three picks along with roblox, which is a new buy, as well which we highlighted on this program on new year's eve the interesting thing, your sector pick is biotech tell us why biotech of all of the sectors that are out there caught your eye the most this year >> it was, i think, the worst of all of the growth stock sectors in existence last year these stocks really never -- they never got off the mat they never got if the game there are some reasons behind that and a lot of attention was focused on vaccines and rightly so and there were high-profile biotech drug busts where trials didn't go as expected. so i think that combination of factors just kept these names out of the limelight, but if you think about an environment of decent economic growth and people looking for opportunities where there is secular growth

so if you look at berkshire, it's not really a financial, it owns a couple things there it owns appearing, koch, a couple other names that's the one i would continue to buy jpmorgan, when you think about why is it extended we started trading as if the fed was going to stop asset purchases, raise rates and clear the balance sheet immediately. i'm going to take the under with the fed. when you look at these financials, they've doing extraordinarily we have for the last year. time to take a bit of profit if you want to play the regionals, where you think the economy will start back up again, that's a place where i could by other than that, i think it's time to fade the financials. >> jeff, i see you nodding. >> yeah, yeah, i want to add to a bit of what steve says for me, i think it's generally a time horizon thing i think you can ride the bank trade a bit, for another quarter or two, but i think the rate hike environment and forecast will ultimately be out of step with reality i sent in a chart, hopefully we can put it on the screen, but i think you're already seeing signs that inflation is

same thing with amazon st through berkshire companies just don't go straight up. if we look at this game audit moment by moment basis, you go crazy because that's up to what you would fashion your trade. that way you don't of us that way. yeah, there's certainly a lot to read entered into there and we will keep an eye on it. moving forward. michelle snyder and charles, missouri. he thank you both for joining us today. and amazon is putting an end to a controversial program in which employees were paid to post on twitter, about how much they love to working at amazon. as according to report from the financial times, it says the company is winding down the program, where average employees added the title, amazon se ambassador to their names on the platform. and then went on to talk about how great it was to work at amazon. you may remember this scheme was 1st notice back in 2018 and it coincided with reports of amazon employees who said they were being monitored to the point where they couldn't even take restroom breaks. now the accounts were also used to publicly c

i believe the first is christina in berkshire. given the increasin: christina in berkshire.istina in berkshire. given the increasing number of _ increasing number of hospitalisations of young children with covid—19 are there plans to vaccinate — with covid—19 are there plans to vaccinate children under 12? with covid-19 are there plans to vaccinate children under 12? vaccinate children under12? thank ou for vaccinate children under12? thank you foryour— vaccinate children under12? thank you for your question. _ vaccinate children under12? thank you for your question. at - vaccinate children under12? thank you for your question. at this - you for your question. at this point, ourvaccination you for your question. at this point, our vaccination programme is focused on the over twelves at the moment. we have had great success. but you are right to raise the u12s and we take advice from our expert advisors, the jcvi, and we take advice from our expert advisors, thejcvi, and we have asked them to look at this. at this point, what they have advised us is we should vaccinate the u1

not quite a spac, but they want to do something that's kind of a hybrid between a berkshire hathawayto be very interesting going forward. you know, this is not a done deal. we should point out that the financing could be announced. what type of financing acacia and starboard are going to do could be announced today. i hear some of the inside details, they're going to sell some as tents that a -- assets that acacia owns, but financing, and, you know, smith is one of the major players on wall street in this space. so if we're going to be handicapping here between smith and his, and leaning on peter cohen and this whole thing, i don't know, i'm handicapping a little bit to him and his bid. it's going to be very interesting. watch the terms of the financing coming up today. i'm sorry, liz, what were you saying? liz: there's peter. peter's a legend. charlie, does this -- i'm not saying it's the same thing, but it sure has a slight rhyme or echo to eddie lambert thinking he could have done the same thing with sears holding compan- >> i agree. you're right. that's an excellent point. you kn

why berkshire?alue, financials, cyclicals, real assets, infrastructure type things, everything is inside of berkshire. 20% of the market cap in apple, a tech stock not killed and ideal for the moment has everyone gone to that side of the boat in the short term? when unemployment is really low. less than 4% the forward runs for s&p 500 month to month is the worst. latter part of the cycle frequently the fed is raising rates or getting ready to the real rate for unemployment is going to suggest to investors later in the cycle than otherwise believe. you really want to buy when unemployment is ugly as above 8% a year and a half ago. >> one part of the story is how much can the buying of energy and financials go? the other part of the equation is how much more selling is there to come in the tech areas? is it ominous that microsoft did not enjoy a bounce or ark not enjoyed a bounce? >> i don't know that it's ominous from this point forward. microsoft really doesn't look that terrible longer term. had an

they will go on display this year in berkshire, st andrews and anglesey — three places that she has livednow it's time for a look at the weather. hello, good afternoon. many parts of the country, today and improvement yesterday, where we had cloud and rain. there is some cloud coming from the atlantic, starting to bring rain on the far south—west, these areas of showers moving down across scotland, northern ireland into more of northern england over the next few hours, temperatures around 6-8 c, few hours, temperatures around 6—8 c, near normal. becoming lighter as showers move down the wash and fade away, for the first part of the night clear skies for eastern areas, all the cloud coming in from the atlantic, bringing rain into the west later. ahead of it, these are the ten because by the end of the night. probably lifting at the cloud comes in, and early frost in eastern areas, especially around aberdeenshire. more cloud around for tomorrow, a little bit of light rain moving eastwards across england and wales, most in the north and west, a stronger reason scotland. temperatures across t

unfortunately there was a project that berkshire hathaway was repaired to invest in.pulled back because of regulatory uncertainty. i hope in this new context, where energy security is a big global issue, that we can remove some of the on necessary regulatory barriers to allow for greater coastal shipments, including to europe. jon: we started talking about your views on the supply chain challenges with vaccinations. we should be clear about the restriction still in place in your province. could you clarify on that please? jason: alberta has -- we have public health measures in place that by canadian standards are modest, perhaps more rigorous than u.s. states. we hope to relax those further. as soon as we see pressures on our hospitals begin to diminish. we think we have passed the peak of omicron infections, but we may just be at the peak on hospitalizations. we need to see the pressure on hospitals abate, and that hopefully later this quarter, we can significantly relax public health measures in place. matt: thanks for joining us, appreciate your time. glad that we

probably the most important component in the electrification of the global grid >> josh, i'm assuming berkshire b is yours quickly >> yes, the breakout is real this is confirmation today >> and marathon petroleum, farmer jim, up 3.75 today. >> you got it. >> that's all you got? i mean - >> i thought we were out of time >> i said quickly. we are >> i thought we were out of time, brother. >> that does it for us "the exchange" starts right now. ♪ >>> you got it thank you, scott hi, everybody. i'm kelly evans. we have quite a market shaping up a day and a half into the trading year energy and financials are flying, the berkshire b shares josh was talking about doing quite well the tech trade on the other hand tanking, coming agency the formerly fed official gets hawkish. we will have the details a disney reboot, the analyst makes his case as the company struggles with streaming and low park attendance. in rapid fire, betting on amazon, beating bitcoin and being adam newman. let's start with the markets and let's start with the major averages look at this dispersion, the dow is higher at 200 points,

i go back to the chart on the screen right now berkshire versus ark, your classic value versus growthe fact that this crowd is looking at that, do they eventually go into value >> it seems like actually in recent weeks they have turned to those value sectors and bought, you know, some of the energy, financials names, and that's helped those sectors investors i was speaking to for this reddit piece recently, it didn't seem they were giving up on stocks because of the volatility it seemed like they were sticking around. >>> meanwhile, selling continues. the nasdaq, i think, now eyeing about a 3% drop. again, low on the s&p yesterday was 4,222. interesting mix, i would argue, last night of those looking to argue whether or not yesterday was a tactical bottom or not one believed it was because it was close to 40. the two-year auction was a catalyst others called it a head fake and said that unless you get big u-turns in the fed at least acknowledging the damage they'd do by hiking rates and quantitative tightening, that it is unlikely we're going to be out of this pain for a while. >> yea

meeting that in this tortoise and hare type situation, the ark tech etf has faltered so berkshire is trading over the course of the last couple of years. it's indicative of that growth versus value trade if you take a look at some of the stuff driving the action for the downside for that ark tech innovation etf, look at stocks like robinhood markets, draftkings, block inc., and you can see the downtrend very much in place robinhood markets down 70% bigger than 50 to 60% declines for block and draftkings some of these have taken it on the chin if you look at the biggest names out there, when we talk about these etfs and the funds there, often times the names we talk about the most are names like tesla,docusign, teledoc becaus they tended to be some of the bigger holdings. all these are down 4% to 12% for coinbase a lot of bitcoin driving that downside move here but that's the reason why you're seeing a little more of that kind of feel, that sentiment driving this tech and growth trade it's become indicative of what's happening with the ark funds one way or the other, you're going to s

now the one-year performance is up jpmorgan is up, berkshire is up. so there's a lot of stuff that's already in, so the risk/reward, i would agree with nadine, it's a fade >>> delta is on the runway, tim. what are we going to do? >> i'm going to trade it flying high. i think the premium brand in airlines i think they're more focused on premium. i think to the extent that this is the best balance sheet, i think this is a company that did not have to dilute effectively the equity base during covid i recognize there's been some headwinds around omicron, but ultimately delta, in terms of their capacity, as we look for efficiency out of the airlines, that's ultimately what had been driving a rerating back in 2016 through '18. i think delta is in the best position to be as conservative on capacity while their costs have been most sideways. airlines are moving higher i think the trade is still there. >> nadine, cleared for takeoff, or send it back to the gate? >> i think it's going back to the gate i think everybody is recommending delta that's when i want t

but there was some beautiful blue sky and sunshine notjust in west berkshire, fairly widespread acrossbout the sunshine. some sparkling blue skies out there. all courtesy of this area of high pressure, and it will stay with us for the next few days. bit more of a breeze, a weather front knocking on the door. with those clear skies continuing, the fog is set to reform across central and eastern england and we're likely to see those temperatures falling away quite sharply here in towns and city centres. in rural parts, maybe as low as minus five degrees. that brings with it an issue with fog, some of it dance. that is worth area in mind —— dense. in one or two places, the fog could linger, and those temperatures could be a bit subdued. a south—westerly flow will drive in more cloud out to the west, and we will see outbreaks of rain into western scotland and northern ireland. those weather fronts will continue to push their way steadily south and east, so as we move into wednesday, we will see a change of fortunes for england and wales. some showery outbreaks of rain drifting their way so

a police officer has appeared before east berkshire magistrates — charged over alleged inappropriatehe left — is 38 and serves with the thames valley force. he is facing three counts of misconduct in public office and two of computer misuse relating to the police national computer. two men have been arrested in connection with the disappearance of a teenager who went missing 15 years ago. andrew gosden, from doncaster, was 1a when he was last seen travelling in the direction of london. the two men, aged 38 and a5, were arrested in london on suspicion of kidnap and human trafficking. both have been released under investigation. the actor gary waldhorn, probably best known for playing councillor david horton in the bbc sitcom the vicar of dibley, has died. he was 78. a statement from his family said they would miss him terribly and paid tribute to his acting career, which included stage appearances with the royal shakespeare company in the west end and on broadway. novak djokovic's defence of his australian open tennis title remains in doubt tonight, with australia's immigration minist

as you can probably tell, i used to live down in berkshire.hat area, people would pounce on it quite quickly, we would see government investigations and people would be all over it. here, even though communities are well inspirated and resilient that might be taken advantage of a little and they might think, these people can deal with it. it seems the infrastructure is a bit delicate. maybe it hasn't been invested in as much as it should be. you are saying your neighbours are still without power, they must be frustrated. not so bad for me because i have a fire and i can look after myself and so on. there are a lot of elderly and infirm and other vulnerable people in this area, particularly the rural communities are at risk when this sort of thing happens. you often have off—the—mains water that's pumped. if there is no electricity there is no pumping of the water and so on. very frustrating. if you go on the northern power website there is no communication. is it coming back on in an hour, two hours by tomorrow, next week? impossible to try to

as you can probably tell, i used to live in l can probably tell, i used to live in berkshire and i do would see government investigations and people would be all over it. here, even though communities are resilient, that might be taken advantage of and they will think that these guys can deal with it. it seems the infrastructure is a bit delicate. maybe it hasn't been invested in as much as it should be. you are saying your neighbours are still without power, they must be pretty frustrated. hat still without power, they must be pretty frustrated.— pretty frustrated. not so bad for me. i pretty frustrated. not so bad for me- i had _ pretty frustrated. not so bad for me- i had a _ pretty frustrated. not so bad for me. i had a fire _ pretty frustrated. not so bad for me. i had a fire and _ pretty frustrated. not so bad for me. i had a fire and i _ pretty frustrated. not so bad for me. i had a fire and i can - pretty frustrated. not so bad for me. i had a fire and i can look. me. i had a fire and i can look after myself and so on. there are a lot of elderly and infirm and a lot of vulnera

will go on display this year in three places which have a special meaning to her royal highness: berkshiretion of the national portrait gallery. if you want to get in touch with me you are very welcome. hello. compared to yesterday, it's been a much drier and brighter day so far for most of you. bit of a chilly start, admittedly, but lots of sunshine across southern and eastern areas at present. there are a few showers, though, particularly in the west. they've become more widespread across parts of southern scotland and northern ireland, and through the afternoon they will push into northern england, increasing the cloud here. showers are mainly of rain, but a little bit of hail, sleet or a little snow in some spots. the north of it will see sunshine continue in northern scotland. southern scotland should brighten up a little bit. much of wales, the midlands, east anglia and the south—east dry with sunny spells, any showers very few and far between, but the channel islands down towards the far south—west of england, devon, cornwall and south—west wales, will see cloud increase. milder air

they will go on display this year in berkshire, st andrews and anglesey, three places that she has livedross much of the uk today, but it will turn cold quickly this evening across the eastern side of england and scotland. still a few showers to move away, then clearer skies, but more cloud coming in from the west, which will bring rain into western areas. by the end of the night, temperatures will have lifted across the eastern side of the uk. these are the temperatures by the end of the night. could be an early frost in eastern areas, especially around aberdeenshire. it looks a lot cloudier for tomorrow, light rain and drizzle moving eastwards across england and wales. most of the wet weather in the north—west, where we have stronger winds, mainly northern and western parts of scotland. despite the cloud, temperatures higher than today for the eastern side of the uk, making 8 degrees. further west, double figures — could make 13 in northern ireland. not a great deal of rain to come. those weather fronts moving down are weak, but they will linger and keep more cloud on tuesday in the fa

a police officer has appeared before east berkshire magistrates charged over alleged inappropriate relationships the thames vallley force, is facing three counts of misconduct in public office and two of computer misuse relating to the police national computer. a council has apologised to a couple and agreed to pay them a five—figure settlement, over a failed adoption. sonny and sarita simak spent three years fighting to get back a little boy they planned to adopt after he was wrongly removed by bradford children's services. that department is currently under investigation after the death of the toddler star hobson in september 2020, murdered by her mother's partner. sanchia berg has more details. toddler babbles. can you give it to mummy? huh? one of sonny and sarita simak�*s cherished videos of the little boy they planned to adopt. he is still in care, so we can't show his face. he'sjust a joy. he's a delight. a lovely little boy. and, yeah, we love him. i don't know what else to say. was it a shock when bradford contacted you to say they were taking him away from your care? we were told about

warren 1965 weren't berkshire hathaway when public or 970 were in the midst of the vietnam war, with wal mart, or 1997 with amazon. find great companies. this isn't a difficult game, it's pretty simple good for companies. well, i'm a bargain prices and then sit on your bud anecdotal role of the short term noise because that's all it is an earnest report, just a picture of a company over 30 week period. so why would anyone make a long term decisions based on what happened over the past 30 weeks? well, i mean, i think what, what, i guess the, i think a lot of people say is that you see how they, whether that storm for when it comes to supply chains, what it may be is in the early weeks, good weeks. but we'll, we'll, we'll mark this many, many retail expectations over the past 50 years. did i prevent you from making millions of dollars and what tell investment? same thing with amazon st through virtue companies just don't go straight up. if we look at this game on a moment by moment basis, you go crazy because that's up to what you, what version you trade that way. you don't reverse tha

will go on display this year in three places which have a special meaning to her royal highness: berkshirefor a draw in the fourth ashes test in sydney. australia have of course already won the series — with 3—nil lead after big wins in brisbane, adelaide and melbourne. but england have avoided a white wash with a final wicket stand. the fifth test will be a day—night match in hobart — tasmania — starting on friday. compared to yesterday drier and brighter day. sunshine over western and eastern areas at present and showers across areas have become more prevalent. they will push into northern england in the afternoon and showers mainly of rain but also hail and sleet and snow in places. southern scotland should brighten up a little bit and much of wales and east anglia and the south—east dry with sunny spells in any showers are very few and far between. the channel islands towards the very far south west of england and devon and cornwall will see some rain pushing and with it and wrestle. tonight showers in northern england push through the east midlands and east anglia. a cold middle night

they will go on display this year in berkshire, st andrews and anglesey — three places that she has livedr than usual — at 16.45. have a good afternoon. hello. you're watching the bbc news channel. sport, and for a full round up, from the bbc sport centre, here's gavin ra mjaun. good afternoon. as we've seen, england clung on for a tense draw on the final day of the fourth ashes test in sydney to end australia's hopes of a 5—0 whitewash. needing to bat out the final day, england didn't make it easy — they rarely do — but with just one wicket in hand, they got themselves over the line. this has not been a series with many positive moments for england, but today, finally, some good news to end a test match, they got away with a draw, nine wickets down, james anderson and stuart broad saw out the final couple of overs in the gloom at the sydney cricket ground to ensure it will not be a 5—0 series whitewash. watching on, stephen flynn, it was pretty nerve—racking stuff. . stephen flynn, it was pretty nerve-racking stuff.- stephen flynn, it was pretty nerve-racking stuff. , yes, it's not tense

but there was some beautiful blue sky and sunshine notjust in west berkshire, fairly widespread acrosss area of high pressure, and it will stay with us for the next few days. bit more of a breeze, a weather front knocking on the door. with those clear skies continuing, the fog is set to reform across central and eastern england and we're likely to see those temperatures falling away quite sharply here in towns and city centres. maybe as low as minus five degrees. that brings with it an issue with fog, some of it dance. that is worth area in mind —— dense. in one or two places, the fog could linger, and those temperatures could be a bit subdued. a south—westerly flow will drive in more cloud out to the west, and we will see outbreaks of rain into western scotland and northern ireland. those weather fronts will continue to push their way steadily south and east, so as we move into wednesday, we will see a change of fortunes for england and wales. some showery outbreaks of rain drifting their way southwards, a northerly wind kicks in behind, cleaner, clearerair. more sunshine, but some of

it stretches from berkshire in the west to essex in the east.th. the plan was alwa s population growth. the plan was always that _ population growth. the plan was always that london _ population growth. the plan was always that london is _ population growth. the plan was always that london is a - population growth. the plan was always that london is a growing | population growth. the plan was i always that london is a growing city and whatever we are building new, going forward, it has to accommodate and pre—pandemic, protections were large and we will get there one day but for now, these stations, i think they will look very busy when people start using them.— start using them. crossrail are now car in: start using them. crossrail are now carrying out _ start using them. crossrail are now carrying out what _ start using them. crossrail are now carrying out what is _ start using them. crossrail are now carrying out what is called - start using them. crossrail are now carrying out what is called trial- carrying out what is called trial operation

they will go on display this year in berkshire, st andrews and anglesey — three places that she has lived many parts of the country, today and improvement yesterday, where we had cloud and rain. there is some cloud coming from the atlantic, starting to bring rain on the far south—west, these areas of showers moving down across scotland, northern ireland into more of northern england over the next few hours,

they will go on display this year in berkshire, st andrews and anglesey — three places that she has liveder paolo roversi. now...some spectacular pictures of the northern lights — they put on a stunning display in the skies above the north of scotland last night. the ethereal light display — also known as aurora borealis — was spotted by people in aberdeenshire, moray and caithness on saturday night. the best time of year to see the northern lights in scotland is the autumn and winter months when the nights are longer and darker. they don't appear on set dates each year and are only visible in dark skies. these photographs were shared on social media and by bbc weather watchers. as ever, we are grateful to them. aren't they fantastic pictures? now it's time for a look at the weather with darren bett. hello there. we have seen welcome sunshine across much of the uk today, but it will turn cold quickly this evening across the eastern side of england and scotland.

he will need care for the rest of his life. 26 swans have been culled in berkshire as an outbreak offect humans too. local residents are being told not to feed the birds in and around windsor and eton. more than 2 million birds have been culled as a result of the ongoing outbreak. our environment correspondent, claire marshall, reports. the surviving windsor swans today, now living in an exclusion zone. more than two dozen have had to be killed after being infected with avian flu. some of them were being cared for at this bird sanctuary in eton. the entire flock had to be destroyed. eton. the entire flock had to be destroyed-— destroyed. some of the birds have been with us _ destroyed. some of the birds have been with us for _ destroyed. some of the birds have been with us for six _ destroyed. some of the birds have been with us for six months - destroyed. some of the birds have been with us for six months and i destroyed. some of the birds have i been with us for six months and they have come in either sick or injured and have been in intensive care and we have nursed them back. it'

i have seen plates in the berkshires at 43. those are not forecasts. they are just models.

josh brown >> berkshire hathaway, up 7% on the year while the s&p is down 4.ion in cash. >> okay. >> if they can put it to work, it is a port in the storm. >> good stuff. thanks for watching it "the exchange" is now. ♪ >>> thank you, scott hi, everybody. welcome to "the exchange." i'm kelly evans. >>> take a look at the ten-year yield today. i'm going to say it is trying to make a drive towards the 2% mark 1.86, the high point of the session. regardless, it is the highest yield we have seen in two years and it is pushing the nasdaq back below a key technical level and almost 10% below the november peak. then goldman missed on earnings. add it up, energy just about the only bright spot we will have the latest on the markets. >>> the other bright spot is video games.

to do with morgan health care is what was the intent and the aim of your venture with amazon and berkshireen never got off the ground what went wrong there? >> yeah, look, we learned a lot from our prior ventures, but we're on the same course we started -- the parties went different ways we have learned a lot and we're continuing on. so, you know, we've -- the part is important, jeff bezos talks about failure is learning from something. so i don't worry that much about what went wrong. what i worry about is what we learned, having to go forward. we are lucky to get dan mendelson and his team involved. these folks are experts in health care, doctors, science and a.i., and working very closely with bern adette and her team at jpmorgan for doing these complex health care things i am convinced this thing will have better outcomes for employees. then as we learn things, we will share with the world, too. there will be in my view -- and you have seen it already -- a lot of policy things that people can do at hospitals, publishing crisis, you know, surprise billings, i think telemedicine, digital

as for today's action, jon, looking at new high, kroger, pepsi, berkshire, that's the kind of environmente who have been trading the last couple of years. >> yes, and it's time to wonder whether some of those old traditional rules still apply. things like rebalancing, diversification, the, i mean, there's such a difference between what's happening in the s&p versus the nasdaq. in some of the you know, larger cap megacaps i should say versus even just large cap and what we're calling growth it's time. it's always a good time, but particularly time for investors perhaps who are newer to being active in the markets to take heed >> yeah, you've got to wonder is the sort of meme stock era as investors look for more value over growth and we continue, carl, we talked about this during the show, but even within tech, the different performances you're still seeing those legacy names like dell, ibm has turned black. oracle and intel have had a good start to the year. very good start to the year versus the rest. >> indeed. yeah dell's been notable. upgraded by bernstein to outperform watching tesla

josh brown >> berkshire hathaway, up 7% on the year while the s&p is down 4. that's not an accident 150 billion in cash. >> okay. >> if they can put it to work, it is a port in the storm. >> good stuff. thanks for watching it "the exchange" is now. ♪ >>> thank you, scott hi, everybody. welcome to "the exchange." i'm kelly evans. >>> take a look at the ten-year yield today. i'm going to say it is trying to make a drive towards the 2% mark 1.86, the high point of the session. regardless, it is the highest yield we have seen in two years and it is pushing the nasdaq back below a key technical level and almost 10% below the november peak. then goldman missed on earnings. add it up, energy just about the only bright spot we will have the latest on the markets. >>> the other bright spot is video games. the stocks are top performers in the s&p after microsoft's surprise bid for activision, the latest on the deal, on whether it will face publishback and whe it leaves the competition. >>> and with another bad earnings day, we will look ahead to the companies reporting

i've been buying berkshire hathaway, i've been lying lithium, i missed that one on the way up. i'm buying apple ahead of earnings, i'm buying matteson which is a honolulu-based shipper between the u.s. and china that's really hot right now, and i'm buying union pacific on strength. liz: david, some of the overvalued names that are coming up for earnings next week and then the undervalued companies out there, i want you to name them ahead so that our viewers or can perhaps position themselves or at least prepare for that. >> i think a couple other stocks that are going to really get crushed in the coming weeks are going to be coinbase, robin robinhood, tesla. broken business models that have underperformed a lot in the last several months. beyond meat is another one -- liz: why is tesla a broken business model? sorry. >> because they have the same amount of legacy competitors, you know, that they've got to compete against. they're losing market share. they're making a little bit of money, but nowhere near what's based -- baked into the stock price. and i think that competition's

airbnb, big decliners rtf was down more than 4 % more than 6% today, and as wall street bets notes, berkshire year to date and 12-month basis megacap tech not providing support for the sector today amazon was down more than 3% firmly in bear market territory off more than 20% from the 52 -week high microsoft, alphabet not far from the technical level. ibm tonight. classic legacy tech. be better d microsoft, apple, tesla later in the week. over the last 30 minutes, we've seen the nasdaq compare to pair earlier losses some of the names in the black include software so zoom was briefly in positive territory. adobe slightly higher. >> i have to check as i'm saying it's fast-moving those are places to watch for a turn here to help us swift through for terms is mark tenner, founder and ceo of strategic let's go through as we hit the areas of the market. love to know, let's start with tech what are buying and which are you selling today? >> it's obvious we are officially in a correction, and it's all about risk off right now. and tech, if you think about it is ground zero when it comes to risk in in

. >> berkshire might be one of the perfect stocks for this moment in the economy >> all right, lastly had to balance out of that segment, but you got the floor for the last 20 seconds. >> no problem. let's just go with porsche, the momentum's been there. i think it'll continue i was just going to ask jim a question he was saying that the fed's not going to raise rates i doubt he was saying that he's too smart for that. >> good stuff, guys. i appreciate it. stock summit concludes tomorrow. we'll see you then "the exchange" is now. >>> thank you very much, scott hi, everybody. i'm kelly evans. is the tech selloff over already or just taking a rest? the nasdaq has now turned positive, while it's the dow's turn to lag. >>> plus, counting down to the jobs report. the labor market is so strong, it's bringing the fed off the sidelines. will tomorrow's number keep that narrative intact >>> and coming up in "rapid fire," where the street sees value in some hard-hit stocks likeat

experience the v recovery without question and those names are the, nvidias, adobe and ban of america or berkshire hathaway how about lockheed martin or northrop grumman you can look at j&j, or merck. those are the type of companies they think you want to own right now. i think what a balance sheet looks like is finally going to matter in this market for the first time in the last three years. >> it brings me to sarat on the question of the moment as to what you think about where we are right now. are we in a daniel jones markets, sarat we have a couple of good games, right? a couple of days when we did up a lot and we start fumbling the ball the minute we get touched and turning the ball over and we turn around some of the mistakes and we're reliable again, what do you think >> i think joe is absolutely right. cash flow balance sheets will be really important especially as the credit markets open up and that's when we don't talk about that much when the credit markets open up and you get bonds and people are issuing debt you want companies that are reliant on their balance sheets and i think goin

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i have seen plates in the berkshires at 43. those are not forecasts. they are just models. models that try to take the atmosphere and put it into numbers and crunch the numbers there. new york city, 8 to 12 in the city. but much more in long island. 18, 24 up the long island expressway, it will be deep. the other way, the falloff is rapid. it will go 4, 3, to nothing. there's your winter storm warning. 75 million right now. winter storm warning for chicago with lake-effect snow, four to eight inches that came overnight. blizzard warnings up and down the coast. new york city could put down blizzard warnings or eastern long island. just not there right now. this is 40 to 60-mile-per-hour wind, power lines coming down. this is what the radar is going to look like. this is a forecast radar. one of the models showing you what it believes the snow will look like. we are starting to see snow coming in. very heavy snow all day tomorrow with the wind blowing through the houses, through the buildings. a lot of snow everywhere. finally moving away on sunday. we showed you the models y

that in the pandemic lows or in the months thereafter we didn't see any action from the likes of berkshireines i think munger made comments about, look, we don't know what is going to happen with the pandemic, and the fact the most opportunistic buyers took a step back and even on southwest, which seemed like an obvious take-out play at some point, i wonder if it tells you a lot about the pickle these companies are still in >> it tells me there's no certainty regarding the future they all believe they will get back to profitability, whether in the second half of this year or late in the first half and then going into next year, but we've heard these kind of projections -- maybe not profitability. we have heard projections for six months or a year down the road, all the way through this pandemic every time those projections really have not come true. that's because ultimately they are impacted essentially by what happens with omicron look, they were doing great all the way through the middle of december, and then what happened you had the surge, and it wasn't that people weren't flying it i

>> berkshire holding up better than many stocks i think it will continue >> steve >> no rush to deploy. >> yeah. steve, quickly too, we only have thirty-seconds left. how critical are the next few hours leading into microsoft >> i think they are somewhat critical, because if you see another pop, then i think it will suck more people in the market, but that's not going to determine that the bottom has been reached and held. >> yeah. it's all going to lead up to tomorrow again, the fed making the decision on rates. the press conference from the fed chair, jay powell. that's going to do it for us appreciate you watching. there's the dow. down more than 8 00. now down 366 i appreciate you watching the program. "the exchange "begins now. >> will the bottom hold while the market is down again today, the dow is above the intraday lows from yesterday afternoon. same for the nasdaq and the s&p 500. our stock picker has several names she says are oversold and you can still buy right here we'll tell you what they are plus billionaire investor joins us live with his take on the selloff. we'll also

other names in there berkshire hathaway, america, bank of america, uih the other two letters, unfortunately, investors have not grown accustomed to this that's the u-shaped recovery non-profitable tech. consumer discretionary the l is your pandemic specific beneficiaries and you don't want the u. the l names. the market characteristics you want to focus on names that you potentially can see a v-shaped recovery and those are not the names that markets have rewarded the last couple of years. >> i'm looking at some of the things you sold and they don't suggest to me they would fall within the l chipotle, you sold regions financial, you sold. waste management and tjx. why those names? >> yeah. scott, those names i've sold, i haven't seen you since last wednesday. all four of those names are stop outs all four of those names are cut cut cutting losses just as last time i saw you i said you could buy the qs and adobe and crowdstrike. i bought them. i'm trying to keep the losses very, very small, but for the viewers who are focusing rightly on taking advantage of the long-term view of the dramatic

will go on display this year in three places which have a special meaning to her royal highness: berkshire gallery. i think that is my favourite one. the one in the red dress. very glam. around half a million vaccination appointments are being made available online injanuary as part of a big push for parents in england to book their 12— to 15—year—olds in for a jab. walk—in slots will also be available at some sites and hundreds of schools will be visited over the next fortnight as part of the scheme. we'rejoined now by gp dr ellie cannon. thanks for coming on. thanks for coming on especially this early on a sunday morning. first of all, we have heard two stories this morning. one bad nadeem zahawi is a saying that the isolation period should be cut down from seven to can we get your response to that initially. irate your response to that initially. we seem to your response to that initially. - seem to be moving in to a different stage of this pandemic. if you remember going back to 2020, there were times where people were isolating for 14 days. it had come down to five days, very differen

a police officer has appeared before east berkshire magistrates, charged over alleged inappropriate relationshipsrfeit cash and malware used to hack and disable computers. the administrators of �*torrez�* shut it down over christmas. but, new illegal sites are popping up all the time, and research by the bbc, highlights the success of the online drugs trade. our cyber reporter, joe tidy, has that story. this is a humanist burying ground. i come up and see how the tree is doing, give it a kick, tell him off. clare campbell's16—year—old son luke died after taking strong ecstasy tablets at a youth disco. what was luke like as a person? but he didn't have a bad bone in his body. he was naughty and cheeky, but he, there was nothing nasty about him. there was no maliciousness. luke's friends bought the pills from a marketplace on the dark net. dark net markets are a small and often overlooked part of the drugs economy. these sites only accessible through special internet browsing software have been a thorn in the side of the police for a decade now. and over christmas, an interesting development. torre

frosty in many places, but there was some beautiful clear blue sky and sunshine notjust in west berkshiret there. all courtesy of this area of high pressure, and it's going to stay with us for the next few days. a bit more of a breeze up into the far north west, a weather front knocking on the door there. but with those clear skies continuing this evening and overnight, the fog is set to reform across central and eastern england, and we're likely to see those temperatures falling away quite sharply here. in towns and city centres, below freezing, so in rural parts, maybe as low as —5 degrees. that brings with it an issue with some fog, some of it dense in places first thing tomorrow morning, so that's certainly worth bearing in mind if you are up and off early. now, the fog should lift during the early morning, but in one or two places, it could linger. and if that happens, well, those temperatures could be a bit subdued. again, a south—westerly flow will drive in more cloud out to the west, and we'll see outbreaks of light, patchy rain into western scotland and northern ireland by the en