berkshire hathaway owned this business. so much more expensive to replace or fix damaged vehicles and it was the fourth straight quarterly loss at geico. bnsf railroad, one of the four pillars of berkshire hathaway. revenue increased 15% year-over-year. the company had to pass on fuel surcharges to its customers. clayton holmes is a modular homemaker. sales have remained positive in the first half of the year but there is an expectation that demand could cool because of the lag affect of fed hikes on mortgage rates. and i have included occidental petroleum. berkshire hathaway has a 19% stake in the energy company and we know energy companies have been kingmakers this year and that is the best stock on the s&p 500 year to date. tom: laura wright on the fortunes of berkshire hathaway. and what it tells us about the health of the u.s. economy. softbank's leader is speaking. they are speaking at a briefing right now in japan. any lines that cross, we will bring those to you. coming up, as fundings for start ups fall across the

b >>> berkshire aghathaway shares jumped to $9.2 billion however, berkshire is not immune to the equity market volatility posting a $53 billion loss on investment during the same quarter. other highlights from the report, berkshire reported $1 billion of shares in the second quarter down from the $3.2 billion it bought in the same quarter a year ago the cash flow held at $106 billion. >>> more than 2/3 of americans think the u.s. economy is getting worse. highest measure since 2008 according to a new abc news ipsos poll americans views of the president's handles of the recovery remains negative. and virtually unchanged from the same poll in early june with only 37% of americans approving the job he is doing. the rating on inflation is worse. 29% say they approve dom. >>> thank you very much. see you later on now to your money as we he kick off the new week of stock trading. yektsz pointing to a modest opening here investors moving attention to key inflation data consumer price information on wednesday as they await signals from the inflation cooling down. we get properducer prices as we

if berkshire is a net buyer, they doid not have money in the game to begin. >> they are sitting on a ton of cash that tipped a little bit in the quarter. still, they are hitting on historically huge amount of fire power. one of the takeaways is there is not that much value to get involved in. i think the biggest ownings in the energy space the energy stocks in the last quarter have had an amazing time reaping in record profit chevron is one of the names they own. obje occidental as well you look at the name berkshire and we put out a report on cnbc.com saying 70% of the holdings are concentrated in five stocks. that tells you about the big concentrated bets. warren buffett goes into something with a strong view of how it plays out not over quarter to quarter posting the accounting, but the next three-to-five years sdp. >> a huge time horizon this is interesting. the broader question that i have right now in the market is who has been benefitting from the rally? they heare sitting with huge amounts of cash. that was the view of many investors. there wasn't enough value in q2 to put th

sticking with that, berkshire hathaway's earnings.reported over the weekend and they gorged on stocks. we will tell you what warren was up to in the quarter, right here on bloomberg. ♪ >> you look at the different sectors, most of the economy has recovered. it shows good gains. we have seen that. we can do more manufacturing in the u.s. which in the long term will help us with some of the inflationary pressures such as semiconductors and more microchips. >> what a turnaround it has been since the pandemic. can you take a moment about how much we recovered the last couple of years and can you talk about how sustainable these may be? >> pandemic march of 2020, i was the mayor of boston and we were shutting businesses down, restaurants down. we didn't know what the economy held. thinking about where we are today is incredible. i think this will be sustainable moving forward. companies are understanding, i think we will have a new type of economy. we are dealing with inflationary pressures. i heard you talking about it before we got on th

how berkshire's paramount bet, buffett scoops up more shares of apple, inches from all-time highs.ere to help us break to down, hello, tony. joining me here at one market as guest host this hour welcome. great to have you. let's dive into walmart. after a surprisingly strong quarter, after speaking to the ceo last hour, courtney, a great interview. >> thank you very much appreciate it. we are here in walmart's hometown of bentonville, arkansas the retailer beat expectations for adjusted profit and revenue. of course, those were lowered expectations after issuing a warning a couple weeks ago the ceo told me that inflation is putting pressure on the american consumer and walmart confirmed it's adding paramount plus, that streaming benefit for walmart plus members that's going to happen in septemberism asked mcmillon if it had do this to add this streaming content option to attract or retain those walmart plus members he said it was always part of the plan they haven't given much detail about walmart plus consumer intelligence research partners estimates it's plateauing around 11 mill

berkshire hathaway slathering in occidental petroleum. it's increased 20% shares and billionaire warren buffet's firm can record the shares as his own. berkshire disclosed it bought 6.7 million shares and boosting the stake to 20-point 2%, and works out to about 11.3 billion and the ownership in occidental for berkshire is 188.3 million shares and plus that 100,000 in preferred shares and warrants to purchase nearly 84 million common shares and some analysts speck rated that berkshire could buy all of occidental whose shares more than doubled over the year. oxy up 4.1%. we've have this late breaking news from general motors. this afternoon the auto giant cfo paul jacobson told a jm morgan investor conference that the company plans to soon disclose the profitability of its ev business. gm has boldly pronounced it will overtake tesla in ev sales by 2024. that would be no small feat considering tesla has 60% market share in the ev market here in the u.s.. so to do so, gm needs to churn out lithium ion batteries on a massive scale and the com

edition, features two bias and bail from berkshire's second quarter filings.on to 30 million shares. they also added just over 10 million shares of amazon and exited their position in royalty pharma completely. let's trade them ava joins us to do that. the chief investment strategist at er shares let's start with ally. what do you think about the stock here >> so generally agree with mr. buffet because he's -- he looks like he's selling his value, his value stocks, but there's one major inconsistency between his buys and sells, and that's ally because he's selling gm and buying alley alley used to be called cmac the car financing arm of gm. so if you correlate those two stocks they're almost perfectly perfectly correlated which shows they move in the same way. the same reasons why he sold gm, we would sell ally even though it's the best company, this is not a sector that's going to perform well with high interest rates in fact, big ticket sales such as homes and cars, are not going to do well in a high inflation environment. >> let's move on to stock number tw

. >> thank you >> you're a believer if one of your stocks is warren buffett's berkshire hathaway, i'd have to believe that you're a subscriber of the buy, and go for the long run school of thought. >> absolutely, tyler we're big believers that time in the market is way more important than timing the market in fact, timing the market is a fool's game. at the end of the day we're confident that two or three years out from now this will look like a great time to have bought and just stick to the with the strategy of staying fully invested all of the time. >> remember, as hard as this year has been or seemed, the levels in the indexes are probably back to where you were in say, 2019 and 2020. i don't know the exact number, but remember that you're probably if you're a long term investor still ahead of where you were we have a couple of other names and we'll get to berkshire in just a little bit and a couple of other names that we don't typically hear about on cnbc and the first one is viva. and it's not the paper towel what do they do and why do you like them? >> viva is an interesting co

berkshire did sell the stake of verizon in the second quarter.s worth more than $70 million. it owned the stock since the third quarter of 2020. believe it or not, that is a rapid reversal for buffett who stays in positions for basically forever. berkshire added to chevron and activision-blizzard. he had been adding to that for a while. he got in activision in ar arbitrage. he surprised everybody when he revealed that at the annual meeting this past year in may. >> that was not necessarily a sign that warren buffett is getting big into video games it was an arbitrage opportunity? >> he revealed it in front of the shareholders you know, i think bobby was there from activision and he found out when buffett told the ou audience worth showing up >> adding to chevron and we know he has been adding to occidental as well. correct me if i'm wrong, warren buffett owns 20% of occidental petroleum. a lot of people are saying these oil and gas companies. they are the fossils or dinosaurs. to your point about owning things forever, it is clear that warren buf

from berkshire to meme stocks.se today as amc launches its special ape preferred shares kristina partsinevelos has more on that very evolving story. >> well, your shares will not be diluted. that's what the ceo is promising shareholders so what happens is every current amc shareholder as of last friday got one amc preferred equity unit, which stands for ape. that is now trading on the new york stock exchange just below 9 bucks, but many have not received their shares just yet it's actually been halted over six times. it's trading over $8 at the moment, but the ape issuance comes after shareholders voted against the issue of new equity at the last meeting, so some people are calling in this a work around. they will be convertible into common shares when it's in amc's best interest. ape shareholders get preferred status so if they go bankrupt, they get paid first. but if management, and this is the important part, needs extra cash to make acquisitions to pay down debt in q2, they can issue more ape shares. roughly 48

. >> warren buffett giveth and taketh away, shares sliding this morning as berkshire hathaway. >>> former president trump's special request for a master to review documents, seized by the fbi during a raid in mar-a-lago. >>> snap shares sinking as management prepares to lay off a huge number of workers. >>> it is the final day of august 31st, 2022, this is "worldwide exchange. ♪ >>> good morning, good afternoon, and good evening, and as always welcome from wherever in the world you may be watching thank you for joining us on this final day of august. amazing how fast the summer has gone let's kick off the hour with a check of the markets and your money. stock futures are slightly higher across the board, this coming off another rough day for stocks with all the major averages down 1% or more and more than 15% on the year. investors are going to be happy to see august hit the rearview mirror it has been one of the ten worst months for the markets in a number of years, and not to pile on, sorry, but september remember historically the worst month of the yearfor stocks, maybe we just pulled

berkshire says those geico losses came from higher claims and an uptick in used car prices and there an auto parts shortage but strategists are also looking at other factors like the policies declining. a sign that higher premiums are weighing on consumers and they could be losing market share in a push to get a better price elsewhere. analysts say watch for signs of further deterioration ahead. shery: still ahead, reporting season in australia and rbc capital market says they see margin reservation is a huge team in the face of surging and elation. the discussion is next. this is bloomberg. ♪ haidi: australia and new zealand not likely to get a lot of upside trading. the job some -- the jobs report from the u.s. and the release of australia's -- new zealand's two-year inflation. sydney opening their doors to vips and we are watching oz minerals that rejected a takeover proposal from php, who says -- php, who responds saying they are disappointed. investors are looking to see the threatening of corporate profits. karen joins us in sydney. you're talking about margin degradation being

hathaway berkshire bought 4 million more shares of apple in the second quarter.i guess just to top off their holding. and then the third potential buyer when you sell apple is apple itself the buyback is historically large. and there have not been a lot of opportunities where the stock has been down that much and a lot of that is because apple is not out there making massive an we sixes apple is taking a lot of their free cash flow and retiring stock. so when you have berkshire, every index etf, and index mutual fund, and the company itself taking your stock off of your hands doesn't leave a lot of room for the stock to post a big decline. as a result relative strength for the name is incredible, continues to be. could that change at some point? absolutely what changes it? i don't know >> surprised at all by the rally we're seeing >> no, if you look past five years, apple is up around 340% versus the nasdaq at 130 and the s&p 70 something on a cumulative basis. so apple has literally brought the other in-sdices along with them it is reminiscent to ibm in the late

last night, we did see this announcement that berkshire had sold 1.3 3 million shares.is enough to see markets reacting badly to this. just at the lows at the moment. still, heavy selling nonetheless. >> yvonne just mentioned it, they came out and said there is no need to over interpret the sale. what else are they saying to modify investors? >> they are saying don't over interpret too much. they have said nothing officially. burger have not said anything as they enter the hong kong clearing system. annals of ash analysts expect we will keep on watching until after the market close to see if there are any more announcements about how large this could be. >> yes. there could be more to come. this is the getting of them closing that position. >> this is the japan store. a similar story in korea. i think it was two days ago. we can take advantage of them not pivot into the strong dollar. >> go shopping. i miss it. coming up, the world's largest humanitarian network, more from the international federation of red cross. this is bloomberg. ♪ >> pakistani people are facing the

berkshire spent a year wagering on occidental after making a bet on the houston-based oil company threers ago. the stock had its just gain in five months. billionaire ryan cohen targeted a $68 million profit from the sale of his stake in bed, bath & beyond, an investment he held just seven months. he scored a 56% gain, other retailers are feeling the pain. bed, bath and beyond shares tumbled as much as 43% after his exit. asset management will be in focus when china opens for trade after an investment service but in a review for possible downgrade. the bad debt manager faces -- a forecast that was worse than expected. taking a look at the day ahead for us trillion and new zealand, another big day for earnings were a number of companies. reporting a full-year net loss of 99 million australian dollars or 67 million u.s. the qantas ceo is apologizing over delays in lost baggage, offering $50 off return flights for frequent flyers based in australia and new zealand. work is underway to improve regulation of crypto assets, include of a start of token mapping. haidi: we will be watching those

berkshire hathaway was a net buyer of equities in the second quarter. conglomerate stepped in after the s&p 500 shed 16%. berkshire made only a small dent in its cash pile, reporting $105 billion compared to $106 billion at the end of march. shares of minerals soaring after a company rejected a takeover bid. the offer of 25 australian dollars a share was at a 42% premium, the takeover attempt significantly undervalues the company. bhp has been looking to add assets vital and electric transports and clean energy. rishaad: having a look at what going on with some reopening stocks in hong kong. the chief executive will be announcing quarantine will be reduced in the territory to three days instead of seven, that is the general reckoning coming through from the south china morning post. watch reopening rishaad: it is 11:29 here in tokyo. we are looking at what is going on in hong kong. we have the new hong kong chief executive along with other top officials set to brief new coronavirus rules, including possibly a change to the city's coronavirus routine. it

berkshire hathaway selling off apple stock.kshire boosting stakes in chevron and activision it dumped the stake in verizon the selloff in tech not stopping tiger global the fund increasing the stake in meta and position in alphabet. slashing the holdings of snowflake. the fund cutting position in microsoft by 30% meanwhile, david tepper making cuts to his portfolio. ditching the stake in mosaic and macy's one position is constellation energy coming in at $155 million. and taking a new stake in colgate. the firm adding a $159 million stake. making this one of the top ten positions. snatching up shares of natural gas and another energy name ovintiv. revealing the stake in disney along with the call for the company to spin off the sports network espn shares closed up 2% on the news in yesterday's session. >>> to the top stories bertha coombs is back with more. good morning, bertha >> good morning, frank remember recruiters, but ramping up efforts to get permanent employees back in the office the company telling employees who work

has vindicated a company like berkshire, unfortunately not softbank. >> and softbank now known for -e losses, but you have to have huge gains to get to the point where you can lose that kind of money. >> and it goes back to the wework thing now some wonder if wework the new version, 2.0, will have some staying power in this economy. >> we shall see. of course they lost mario as one of their key executives over there. i'm sure they'll miss him. thanks for watching "power lunch," folks. >> "closing bell" starts right now. we'll see you tomorrow >>> an upbeat start to the week has faded throughout the session. major averages wavering between gains and losses as we head toward the close the most important hour of trading starts now welcome, everyone, to "closing bell." i'm sara eisen the dow now is barely positive s&p 500 down a quarter of 1% technology is underperforming. information technology the worst performing sector. that's what's dragging the nasdaq down about a quarter of 1% the semis, nvidia's warning, we'll hit on that in just a moment but that is taking its toll small caps do

all three of the names are moving higher and as you know, where berkshire buys, it sells lately.n general motor, kroger and fully exiting in verizon. but it's not hurting verizon, up half a percent and kroger up 3.5% and general motor down about 1%. breaking news, folks, we need to take you live inside the state dining room at the white house. president joe biden expected to deliver remarks before signing $750 billion inflation reduction act. we'll keep on eye on the events there, bring you full reaction and the president's comments in just a few moment and to see what the markets do, if anything, and the dow is holding steady about 224 points. a sonic boom about to shake umm the airline industry as boom supersonic locks up a new customer for its ecofriendly concord throwback aircraft. you're looking at possibly the future of high speed aviation. but right now, the sector is still kind of struggling with travel flight mares, pilot shortages and more. ed baston has been battling all of it and he's here next in a fox business exclusive to tackle all of the issues. ed speak only to

crowded field of streamers and later at the extreme option significant to the slump and another berkshire bump for oxley. this is fast money on the desk tonight. we start off with the countdown for the big cti report as economists are expecting relief as they pulled back in july and with housing costs, will it be enough to tamp down inflation fears as markets take a bit of a breather with the nasdaq dropping 4% with the fourth straight day of losses and how should investors prep? >> first of all, welcome back. i will say joe does a great job and courtney does an outstanding job and brian is great. so welcome back. cti tomorrow, inflation is still going to be hot and is still a problem and i think so much of this rally from june 15 until recently has been predicated on the fact that people think the federal reserve will pause or pivot. even if you have a six handle is still three times what they are looking for and they have to be steadfast in earnest in their belief that inflation is a problem and have to tamp it down. >> all the excitement with the s&p up 15% with the nasdaq 100 at more

berkshire, however, did report an operating profit. there's a difference.ce, or in the case of occidental, slowly build a stake. let's take a look at the airlines here, they are struggling to recover from yet another weekend of complete chaos. already today, 530 flights canceled within into or out of the u.s. , 2,542 delayed. it's only 1:30 on east coast. that follows 950 cancellations and more than 8,000 delays yesterday, so, the airlines blame the weather. that did actually cause the computer system outage at southwest, and then you have an airplane wing smash into a poll at o'hare in chicago, o'hare is leading in cancellation and delays right now. you add in few staff, loss of passengers about 7 million since friday going through tsa check points and you see , david, how these problems metastasize so some people opt to drive. david: there's a reason i haven't flown in two years, and that's the reason. thank you very much, lauren, appreciate it. well the average price of gas approaching $4 a gallon, nationwide. part of a two-month decline but with hurrica

berkshire hathaway's warn busted up chevron and viking global doubled stakes in meta, block, take twoollar general so clearly, you know, not everyone was totally deterred by what was going on in the market, but a reminder that these positions are as of the end of june, they have likely changed in the six weeks since then dom? >> leslie, picker, thanks very much for the update on that. i think the thing that sticks out to me is the two-way traffic on some of the biggest tech names and some of the beaten-up ones that's the thematic link stephanie, you're saying it's skeptical on some and not on others what were the good buys then and what were the ones you want to stay away from >> no, look, think if you add in technology and com service together, it's 35% of the s&p 500 so i'm underweight i've been underweight maybe 20%. i'm still 20% of my portfolio so i think can you pick and choose in terms of what you want to oh. you have to have a barbell that's at least my strategy, kind of some value, some growth so i like ibm, for example, right -- on the value side and broadcom is a fairly new

regulators have authorized berkshire hathaway to buy up to 50% of its common stock.ire file an application back in early july for permission to make this purchase and we know they've been involved with the shares for quite some time and it is up 6.5% on news that rkirbeshe could buy up to 50% of the company. we're back after this. >>> welcome back rising prices have let lower income consumers to change their spending habits in several categories especially food kate rogers is looking at the impact that's had across the restaurant industry. she joins me with the stocks that are the biggest winners and losers kate >> we've heard all season long about consumers at different income levels seeking value with the lower end consumer starting to pull back a bit new data underscores that point in the food space broadly with lower income consumers stretching dollars by eating more frozen and shelf-stable foods and cutting back on restaurant visits. right now mpd says households under their 75,000 and eating 89% of their meals and snacks and it's up from 88% in 2020 and also ha

berkshire's share of the company as well as a disagreement with walmart should put a lift to the shares. >> one final check on the markets right now again floating toward session highs right now as you can see there the dow industrials up 235 points, s&p up 9 nasdaq composite about one quarter of 1% to the down side "the exchange" begins right now. >>> thank you, dom hi everybody inflation coming off the boil. the consumer holding up okay the market has been rallying all good news right? maybe not. we'll look at why and where to find value in case this isn't the start of a new bull market plus, china's challenges the country trying to revive its economy and jump-start population growth but neil ferguson warning growth at all costs may come at a big cost to china. he joins us live more cracks on our housing front. we'll tell you what they are and what it means for the economy in the back half of the year. we begin with today's markets. bob pisani has more at the new york stock exchange. >> two big stories today, kelly. first retail relief and secondly another midday rally it keeps chuggi

berkshire hathaway did the same thing. >> in terms of gaming?ting in activision. >> i never think about berkshire being involved there's a new generation of people wow. that's another story but to your point i guess the larger question, when they bought it and nadella is brilliant, absolutely, but even when they bought it, is it possible they were still paying a pandemic premium these numbers do not look good now for gaming what is that telling us? >> think of what the most important business is for microsoft right now. the cloud. >> but that's slowing. >> but it's not -- >> didn't -- >> they have the new thing called xbox game pass which lets you basically stream your xbox video games to anything with a screen you don't have to buy a $500 video game console we'll let you play the games anywhere we own not just activision eventually, they own mine craft and see this as a way to super charge their cloud gaming service as well which super charges, azure cloud the most important business it's not just about the gaming thing. it's also about growing

. >>> berkshire reporting a $44 billion loss in the second quarter as the stock tumbled berkshire generated $9 billion in operating with insurance and railroad offset losses at geico. the company slowed purchases of the stock. still has $105 billion of cash to deploy. they are big buyers of occidental petroleum they are making money. >>> in other corporate news, japanese firm softbank posted a $23$23 billion loss last quarte. they looked to raise cash and sold stake in uber and opendoor. think about that could you lose $23 billion in a quarter and still have your job? probably not. >>> we have more to do on "squawk box. roger ferguson on the next move from jay powell and hadthe fed? >>> check out the biggest winners and losers as the market has been on a win streak tesla and viatris and solar edge technology they could do well on the bill just passed. and monster beverage and norton and penn entertainment rbat beresnd i.t. security and caonedevag go figure. we're back after this. wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesc

with this new rule, should europe, berkshire began to shoot. for instance, hero reach greg full to sweet. use your music or your home or promotional personal filter. scroll to show your channels version should bresser get your grip machine. dr. young laurel monsieur shimmered, harboured his whole pro democracy leaders with yelton at the front, converged on the white house in the video, the willard for the with oh, near to sure he florida. we had a bram. oh, well no, because also do it, but it brought to know. so those people who had forwarded nestle's usa would walk. it would be a good machine. oh my god, the you could have been added color the dunk. if we were in the front of your for the, should you one you could well, michelle little guy, mccorder i mean by you, by the job is that you're the bomb i knew with the white house became a focal point for resistance to the qu, giltin support is gathered there in droves. we bought your credit for us to stay with you and there, but other level of order that, you know, boy, if you did, i thought i'd b

with inch to rule should europe berkshire brit dish and your figures are here straight full to sway east jones. so for your music or your home or promotional, crucial for dora. stronger solution solution should bresser caricature prep, mission oper? yes, little misuse gesture. what harbor does use whole pro democracy leaders with yelton at the front converged on the white house in the video the we were for the with an o near to sure he florida. we had a bram. oh no. because also do i. but in brooklyn, you're so lucky with bulletin nuts, which usually would we'll go for it. we're good. we're good. the you could have renovated color. that thunder if we learned that for you or for so should you when you cook? well, michelle little k mccorder. i need you by the job is that you're the bomb i knew with the white house became a focal point for resistance to the coo giltin support is gathered there in droves . were part of your credit for back down to stay with the why you and there about over. you have all of the border the, you know, boy, if you did a get through enough to and you've been with

with inch no rule should yield berkshire. brianna fisher with great hold to sway issue for your music or your home or promotional. crucial for dora scro, the solution solution should dresser, caricature prep mission. gabriella ramos you, shes shimoda hubbard is years old. pro democracy leaders with yelton at the front. converged on the white house in the video, the willard for liberty. oh, near to sure he florida. we had a bram. oh no. because also do i. but it brought the neutral nakeila, golden. that's what you would want to for it would go good. good. the you could have granulated color, the thunder of, we learned the furniture for so should you when you cook the machine, little k mccarty. i mean, when you buy the job is that you're the bomb a time the white house became a focal point, the resistance to the coup, yelton's support is gathered there in droves. we bought your credit for that much to stay with you and there, but other level of border law. oh, boy, if you did, i thought i'd better get through enough to and you've been with us just for new revenue from a jeweler. said, o

berkshire already owns more than 20%, allowing the company to report them of their earnings as their own. what you think of oxley? >> obviously, we are trying to see if we will be in and up capital cycle. it gives them more disability. it was tough in quantities. i don't bet against warren. i feel like he has way more information than i do. it probably makes sense.>> let's want to footlocker. they had better than reported earnings. the warmer alto ceo will take the reins on september 1. america updates them on the back of that announcement, calling the appointment thesis changing move. the gain was the biggest since 2017. >> when i go back to february, there was a gap lower in the charts. the level that has you back to is 41.5. today, after this monstrous run, the stock is up over 40%. it does stop short of that level. that means there is a ton of resistance at that price point. i would say, take some profits until it breaks through that level. to make tim, dylan was a rockstar at ulta . >> absolutely, three times revenue. this is well into the loyalty business, getting them into ret

crackle, and are you knew that already pre-tell me about a stock you like, andrew precooked the think berkshireing buffet turns 92 later this month he is as sharp as ever for the company is doing better than ever. the stock is down about 15% from its march high and trade pretty reasonable at three times book value. investors would like to see more buybacks from brookshire. jack: carlton what do you like question or quixotic simplicity we had a few stocks and are pointed to a go for the select spider index. exposure to the whole sector you get a deal close to 3%. jack: at the classic what would andrew do strategy? i'd like it. to read more check out this week's edition of barron's.com per don't forget the files on at barron's online. that is all for us, see you next week on barron's roundtable. from the fox city gent studios in new york city. this is maria bartiromo's wall street. maria: happy we can to all but welcome to the program that analyzes the week that was held position you for the week ahead. i am maria bartiromo or joe biden spending spree democrats pushing through the biggest climate

we work as long as we want to manage to get everything done. pradeep saturday and the ocean veto, berkshire founded newness in bengal. dead the will was to harness the last remaining energy from used batteries. and that meant experimenting in what was still a relatively unexplored field. oh, usually there used between a 100 to 8275 percent. that's where in the 1st life people are usually using it. and between that 75 percent and 50 percent threshold, there is still in most cases, some usable energy which you can still use. but in, in the 1st life application, it doesn't get used, which is not very efficient, right? i mean, is like you have one little water water you drink, half of the time you draw half lead away. the 2 men started out in 2017 with used laptop batteries. first, the batteries taken a, but each individual cell is tested for is the energy content. the functioning ones are assembled into a small, portable battery which has rented out the st lenders, for example, for it on 2 euro's a week. the 2nd big project after the laptop batteries are used batteries from electric cars, div

here in the uk — an 11—year—old girl has died after getting into difficulty at a water park in berkshiretchet saturday afternoon before she was found by emergency services. thames valley police say they are treating her death as unexplained. in italy, archaeologists have unearthed four new rooms in a house in pompeii — offering more insights into life in the ancient city. the discovery happened in what was once one of the doomed city's largest neighbourhoods, before it was hit by a volcanic eruption in 79 ad. about two—thirds of the city have now been uncovered — and it remains one of italy's most popular tourist attractions. tom brada reports. an ancient city frozen in time by a monstrous eruption almost 2,000 years ago. still—vibrant ceramics, a wooden dish cabinet, fragments of an extremely tired bed — just some of the treasures unearthed by archaeologist at pompeii, offering a glimpse of what life was like for ordinary roman citizens before the town was pummelled by mount vesuvius in 79 ad. these items were all found in four newly—excavated rooms, first discovered at a property in 20

that prince george, princess charlotte, and briness louie will attend a private school nearby in berkshire adelaide cottage. we'll be right back with the latest hit in minor league if you have type 2 diabetes or high blood pressure... ...you're a target for chronic kidney disease. they're the top two causes of ckd. ckd usually starts with no symptoms. so you can have it and not know it. to find out, check the kidney numbers from your lab tests. ♪far-xi-ga♪ if you have chronic kidney disease, farxiga can help slow its progression. farxiga can cause serious side effects including dehydration, urinary tract or genital yeast infections in women and men, and low blood sugar. ketoacidosis is a serious side effect that may lead to death. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking farxiga and call your doctor right away if you have symptoms of this bacterial infection, an allergic reaction, or ketoacidosis. and don't take it if you are on dialysis. take aim at ckd by asking your doctor for your kidney numbers and how farxiga can help. if you c

here in the uk — an 11—year—old girl has died after getting into difficulty at a water park in berkshireservices. thames valley police say they are treating her death as unexplained. in cuba, a body's been recovered from the site of a huge industrial fire that's been raging since friday, when a fuel depot was struck by lightning. this is the moment of storage facility exploded. more than 120 people have been injured, and i7 firefighters who were tackling the blaze are currently missing. cuba has asked the united states and neighbouring countries to help in efforts currently under way in the coastal city of matanzas. 0ur cuba correspondent will grant has the details. at least 17 firefighters are missing, which is obviously a horrific situation for cubans and the island more generally and this could not come at a worse time for the ignition in many ways, in the grip as it is of nationwide rolling electricity blackouts, the capital havana has been told it will have to start experiencing blackouts as they try to move elements of the grid, electricity grid to other parts of the island that ne

. >> that's easy may 10, 1965 that's the day warren buffett took over at berkshire hathaway.ot a million left from building the time machine. i would take my half and just stick it into berkshire and then i'd come back here and be a billionaire. is there such a thing as a trillionaire. >> i believe berkshire was trading at $19 a share, so $500,000 would have bought you 23,316 shares, which tould word be about -- of course the price is $461,000 give or take so that would be $12.1 billion so i think that's a worthy time machine. you wouldn't be a trillionaire. >> a billionaire several times over good plans. >> well done. >> there's a connection vince gilligan had both charlie mung ger and warren buffett earlier in "breaking bad." vince knows them, he goes out to the annual meeting there's a pretty close connection you see why it winds up in something like that. >> not only that, but warren ended up, i believe, going and taking a visit to the "better call saul" set maybe back in 2015 he always talked about "breaking bad" being one of his fachblt shows, and i suspect "better call

thames valley police are investigating the death of an 11—year—old girl at a water park in berkshire.end's party at the liquid leisure water park, and was found later. the venue has remained closed since her death. the environment secretary, george eustice, is urging more water companies to take action to preserve water supplies. hosepipe bans are already in place in parts of southern england. mr eustice said water companies should do more to reduce leakage and help customers use less. four more ships carrying grain and sunflower oil have left ports in ukraine after the deal to restart its exports and try and ease shortages and higher food prices in countries that have depended on them. the ships left odesa and chornomorsk and will travel through the safe maritime corridor to turkey where they'll be inspected. our ukraine correspondent james waterhouse has this report. they continue to move. four isn't many, but these ships still have a corridor to travel through. eight vessels have now made it out in this landmark grain deal, carrying a quarter of a million tonnes. they're inspected

here in the uk, an 11—year—old girl has died after getting into difficulty at a waterpark in berkshireurday afternoon before she was found by emergency services. thames valley police are treating her death as unexplained. detectives investigating the disappearance of a student nurse from grays in essex have arrested a fifth man in connection with her disappearance. 0wami davies was last seen a month ago in west croydon, after leaving her family home in essex three days earlier. the man is being questioned on suspicion of kidnap. four others have been bailed. a london museum says it will return ownership of artefacts that were looted in the 19th century to nigeria. the horniman museum said 72 objects which were forcibly removed from the kingdom of benin, during a british military incursion in 1897, would be handed over to the nigerian government. joining me now is our correspondent sachia berg. so what is happening here? the nigerian government asked for the return of these artefacts which been kept since 1897 in the collection of a tea trader who turned his collection and house into a

how berkshire's paramount bet, buffett scoops up more shares of apple, inches from all-time highs.reak to down, hello, tony. joining me here at

at this level, berkshire could record adding billions of profit to the bottom line >>> and alibaba petitions to convert the shares to secondary status the effective date of the switch is expected by the end of the year alibaba says the move will allow to expand access to china and other investors. >>> shares of bed, bath & beyond popping after the 30% move yesterday. the highest volume day ever going back to the 1992 ipo dom, no apparent news pushing the stock higher, but reddit traders are jumping back in. 45% of the firm's float is shorted. it is also gamestop and amc which is getting the new love. the meme traders are back at it, do dom. >> a cycle they come in and out you never know >> it is wild. on some of those days when bed, bath & beyond is up, it is really up. for no news. >> i remember doing the market check yesterday with gains and thinking it is happening all over again. >> it started friday yesterday was a big day. >> courtney reagan, thank you. >>> to the breaking news and developments around what is characterized as an unprecedented investigation. the fbi executing a search w

thames valley police are investigating the death of an 11—year—old girl at a water park in berkshire.found later. the venue has remained closed since her death. the environment secretary, george eustice, is urging more water companies to take action to preserve supplies. hosepipe bans are already in place in parts of southern england. mr eustice said water companies should do more to reduce leakage and help customers use less. let's return to our top story this hour, a possible ceasefire between the islamichhad group and the israeli air strikes. any sign of this coming into effect, yolande kneu this coming into effect, yolande kneuin this coming into effect, yolande knell injerusalem? yellow night in the last few minutes we heard that israel appears to have agreed to the ceasefire that the egyptians had to those —— welcome in the last few minutes. those -- welcome in the last few minutes. �* ., those -- welcome in the last few minutes. �* . minutes. but at the same time the palestinians _ minutes. but at the same time the palestinians are _ minutes. but at the same time the palestinia

destruction of leaders came to present with the government is trying to destroy the indigenous people with berkshire already projects. the land grabbers are exploiting the amazon rain forest. indigenous peoples are now briefly opposing them. the heart of brazil in 15 minutes on d. w. ah, we love euro. we love diversity and anything unusual. no mountain is too high and no road is too long. in the search of the extraordinary we are the specialists of the lifestyle europe. ah, in 90 minutes on d. w. o blue let's be honest. summer break and just doesn't really mean much does it without the bundis lee? oh, well, don't worry. it will all start up again soon. as legal football, action goals all in on kick off starts august 9th here on t w. finally. mm hm. i and the flower. yes, i'm beautiful. i've heard it before and it never grows old. i'm worshiped for my looks. my scent. my looks. but here's the thing. life starts with me. you see i feed, every fruit comes from me. every potato, me every kernel of corn, me every grain of rice. me. me mean me, i know, but it's true. and sometimes i feed their souls. i am

thames valley police are investigating the death of an 11—year—old girl at a water park in berkshire. party at the liquid leisure water park and was found later. the venue has remained closed since her death. research by bbc news has found that holiday food vouchers for children on free school meals have been cut in value — or stopped — by 43 councils across england. the children's society is warning of a "�*postcode lottery of support�* and that millions of children could go hungry this summer. our education correspondent, elaine dunkley, reports. zed watches every penny. today, she's shopping at a community food pantry to pick up discounted essentials for the children. last summer, zed got a free school meal voucher in the holidays worth £15 a week. but here in birmingham, that's been scrapped. £15 might not sound like a lot of money. actually, in the grand scheme of it, it is. when you've got two children to be paying for, like, it is a big loss. the vouchers have been replaced with free holiday clubs that provide food and activities. i love to get my children out in all activities

berkshire hathaway, not a hedge fund, but picking up a lot of occidental petroleum. very recession preparation mode, picking up a significant chunk of colgate-palmolive. dani: charlie wells breaking down those filings. the corporate news for bhp, the world's biggest miner, posted its biggest ever profit. the producer plans to push ahead with growth options on a stronger demand outlook on china. >> we think china will be a tailwind on growth. we can see positive growth support of policy settings in china as they come out of covid lockdowns. we think over the next six to 12 months, china if anything will provide stimulus to global growth that will offset what we see elsewhere. dani: let's bring in our asia energy team leader. the string of record profits for the mining and metals companies continues. what does the outlook look like for bhp and its peers? david: full of surprises today. we saw bhp deliver record earnings. maybe the biggest surprise was its bullishness on china. certainly compared to its peers. china the biggest commodities consumer, the biggest market i

warren buffett's berkshire hathaway came out with numbers over the weekend.hey reported a $46.7 billion paper loss in the second quarter largely the result of company's invests, the stock investments losing value. the "oracle of omaha" see the markets drop along with volatile quarter apple, amex, bank of america dragging down his portfolio. buffett still show pack massive $1.54 billion cash pile. which by the way he is the not sure where he will deploy it, parks it in short-term treasuries. short-term treasurys one heck of a large mattress. joining with us a approximately billion dollars in assets under management. therian partners ceo greg. greg, most of us don't have such a big mattress but you feel there is a way to parking cash, what you feel is the long road to the bottom of this volatile market at the moment. where do you put your money? >> absolutely. liz, thank you for having me back. we expect this to be more of a w-shape recovery and investors shut expect to embrace volatility, for reasons i'm happy to go into if we have time but to answer your ques

apple, we feel this is a warren buffett. 41% of berkshire hathaway this is number one thing we love.we feel what will drive the future growth is the service business. we feel this is the crown jewel t comprises 20% of its sales right now but the gross margins of service business are double that of the hardware business. we think that is fantastic. we feel iphone sales will continue at a excellent rate. they have a brand loyal customer. liz: yeah. >> according to a recent survey 92% of iphone users plan to stick around with the brand once they up grade their phone. we think it's a great stock. >> love it. i think that the buffett comparison is really important because he has made so much money. in fact when he was at a shareholder meeting in may he said, about a month ago, i bought apple every day for three days straight and only reason i stopped buying it because it started to go up. he only buys it when it goes down. let that be a lesson if you're willing to follow a deal on buffett. you also like american express. i just want to say about the financials at this point, we're looking