carleton: berkshire is heavily invested in energy. what about occidental and jenner on? his biggest investment in the energy sector, he about $20 billion of chevron, $15 billion of occidental petroleum, people ask do you think it is wrong to invest in the energy sector because of its drawing climate change, he says no, chevron is not an evil company. he is comfortable, the energy sector has been the best in the market this year. jack: one of the worst sectors in the market, but one of the better stocks, apple is in a big position for berkshire. what do you make of that? andrew: buffett has big game and apple, a $30 billion position, 40% of the investment portfolio. in a couple years, triple his money and he doesn't view it as a tech company, not a big tech name. he uses it as a consumer company with sticky customer base. he's a big fan of apple. he owns 900 million shares. jack: and earning 4% which is kind of nice. you will tell us why you are betting against a big sector people remember ads with young people having a good time. so to help you remember that liberty mutu

warren buffett's berkshire hathaway takes a stake in taiwan semi conductor. what is next for the crypto market and could the crisis lead to regulation? on "barron's roundtable," ben levisohn, carleton english and jack hough. that president bullard used the number 7 is in 7%. i expected stocks to plummet but not so much. >> the dow finished down 3 points. the kind of statement we've seen a huge reaction from the market on but not this time. that assign the stock market is starting to tune out the fed. it knows that rates are going up. there are signs the market shifted away from rate hikes as the driving force of the market to looking at credit spreads, the difference between treasuries and junk bonds or other corporate bonds, a sign the market is working out the recession. as long as those spreads rain narrow the markets will do okay because recession is not coming. we could have a problem. jack: is there a data point that could refocus the markets attention? ben: we have to look at the cpi in november and after that the december fed meeting. those will be th

what do you think is behind berkshire's bet?both thesis, would it align with your coverage of the universe right now? >> the best company in the world, they know how to execute really well. they're one of the only game in town technology. from that standpoint, i would definitely say the company makes a lot of sense we like the company, not the stock. from a stock standpoint, we look at how the stock has behaved in the last year, year and a half the stock moves because of berkshire news, it's moved based on price action and gross margins move higher. we begin to see next year, asp is going to moderate and gross margins are peaking. from a pure quality standpoint >> we get more earnings for more in the sector this week. nvidia, but applied materials as well which i know you do i guess talk to me about some of those manufacturers. the manufacturers of equipment to manufacture the chips >> absolutely. i think when theother peers reported last month, you saw where company management came and said capex is going to be down that is bas

kathleen: that was max reyes on berkshire betting on auto insurance. the council on foreign affairs explains how nations are going backward on climate pledges and efforts as energy security risk rises. ♪ kathleen: in the shadow of energy shortage, more. >> cop 27. in 1999 the united nations organized a conference for nearly 200 countries to talk about the climate crisis. delegates and ministers butted heads to find ways to cut emissions and adapt to a warming planet. get ready for jargon. first, loss and damage. under the paris agreement signed in 2015 rich countries promised to pay for losses and damages caused in poorer countries by climate change. however, until now, countries have not discussed who will pay, how much they will pay, and how the money would be transferred. with one third of pakistan underwater, only a few months ago, the debate around this is expected to be a hard one at cop 27. second, africa. as the country that contributed to lease to climate change. african needs will be met through financial grants, technology partnerships, and

the new statement tmc is berkshire hathaway's tenth biggest holding.k of america and chevron are the largest for the company. other moves in omaha, louisiana pacific and jefferies are higher in the pre-market. and turning to appaloosa management tepper trimmed apple and alphabet now other notable moves? bill ackman's canadian railway now worth $1 billion disclosing positions in bath and body works and tjx the retailer is the sixth largest holding. and tiger global boosting positions in alphabet and datadog and service now. new to the portfolio stakes in applovin anti-want semiconductors seema. >>> thank you. now former president trump is expected to announce a bid for the white house in 2024. this despite a number of hand picked candidates losing races in the midterms. the latest trump ally to fall is kari lake. democrat katie hobbs will be projected the winner all of this as republicans move closer to securing a majority in the house of representatives after a series of confirmed wins overnight in new york, arizona and california joining me now is jam

that makes this berkshire hathaway's tenth biggest holding. the stock up 10.5% berkshire hathaway took positions in louisiana pacific and jefferies. later this hour, we have a wide ranging interview with charlie munger on ftx and the crypto collapse and more >> interesting how long before yesterday maybe things look -- do we look better about things in taiwan after yesterday or not >> good question >> trying to figure out. we don't feel any better >> no. >> what happens if that were to happen what happens to the big investment in taiwan semi? >> not a big investment. >> you have to think about all these things now not just that. chips are a great place to be. made in taiwan >> certainly a bet on global situation easing >> i don't know. >>> media reports now amazon is planning to layoff 10,000 employees beginning this week. the cuts would be the largest in the company's history and would primarily impact amazon's devices organization, retail division and human resources the company has been in cost cutting mode it shutdown telehealth service di

s. investor warren buffett is placing a big bet on japan, with berkshire hathaway, expanding its stake in the countries a 5 top trading firms. naming the mitsubishi and that suey, berkshire, now on 6 percent of each and plans on buying up to 10 percent. twitter owner, ilan mosque has ended his platform span of former u. s. president donald trump, but trump has not yet tweeted. experts say he might have contractual obligations to stay exclusively on his own platform through thoughtful to satisfy investors. their disney has asked alice, their chief executive bob to top back and bring back the former c o. bob eager. under even leadership a disney acquired peg serv, marvel and lucas film. over the past 2 years, under his successors rain, the company got in more turbulent waters. with its shares dropping by 40 percent. john ellen's is international editor at broadcast magazine, which specializes in the media industry. let's start with shot back. why was he alice did? hi janelle, well i did. the news came as a shock to most people who are in the same business. it doesn't really give an indic

is five stocks buffet berkshire is betting on, and we wil this is the planning effect. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast l seflexible. behold... all that talent! ♪ this is how we work now ♪ i had a bad relationship with my student loan. the interest was costing me... well, us... a e ifune. so, i refinanced with sofi. break up with bad student loan debt. you could save thousands and pay no fees. sofi get your money right. our panel agrees on that when we come back. ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? >>> welcome to the et edge portion of "halftime report. is 2022 timely the time for active managers, and they almost under perform their strategies over time, but 2022 is seeing active managers out perform, among them commodity trading advisers, and there's an etf for that and let's talk to somebody abo

this is berkshire's tenth largest holding. more reaction on that. don't go away.course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. >>> welcome back i'm here live at the fourth annual cnbc technology executive counsel summit, a gathering of tech executives and thought leaders. the labor market a big topic of conversation here. it will be when we've got a hiring slow down, recent spates of layoffs just this hour we got news a large hedge fund is calling on alphabet to cut costs and cut employees. joining us now is an nyu professor of entrepreneur and technology speaking here today how to build the most effective and diverse teams. good to have you here. >> deligh

berkshire hathaway has taken a stake of about $5 billion in tsmc. surged on the news of the purchase that emerged in a filing to the fcc. let's get to charlie. i feel like whenever warren buffett, we learn something about his 13f shares, you get a rally, but is this a sign for tech in general we have a rally? charlie: we found out about this $5 billion stake because it is 13f filing season and investors have to disclose equity stakes in these companies. that's what we're finding out about berkshire hathaway, and it is striking because there had been a mass exodus from tech from large institutional investors. this shows at least a targeted interest in tech. we have this berkshire stake, when we look at hedge funds, we've been going through a lot of these 13f filings. interesting, amazon picked up about 9 billion shares bought by hedge funds another big tech name, meta, more of a cell, 4 million shares sold. targeted tech seems to be the theme of institutional investors. dani: for hedge funds, really this tech ones, you think of tiger global, a rough

stick around to find out what else berkshire is jettisoning. industrials in the green again, up 19 points. s&p better by 33. the nasdaq climbing high higher by 185, and the russell bringing the rear here, up 16 points. stay tuned, we're coming right back. ♪ get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪ what should the future deliver? (music) progress... (music) ...innovation... (music) ...discovery? or simply stabil

. >> we point out berkshire hathaway has taken a stake in taiwan semiconductor that stock is up 10% inket one of the big movers on upside, of the morning, taiwan semiconductor is one to look at, congressman buddy carter you want to jump in go ahead. >> i do, i want to tell you i thought this made a great point about jobs that is going to be important we know going to be laying off 2000 workers has impact on small business as well. when you see large companies make those you can expect with small business talking small businesses the lifeblood of america i can tell you as small businessman over 32 years what happened ahead of us it is very, very important, and when small businesses are impacted as they have been for this high inflation, 51% small businesses had to make cuts, had to take you out to a second loan that is going to hurt that is going to tell on the american public. maria: so, what can you do about it? you want to talk a bit about when went on in midterms this week congressman, what kind of leverage you are going to have now in the new congress? >> we are certainly going to

mr. buffett's berkshire hathaway confirmed it, had taken a $4100000000.00 stake and t as m. c. the time when his company is one of the largest chip makers in the world supplying an estimated 90 percent of the world's super advanced computer chips for tech joins like apple and qualcomm for more. let's bring in that the w correspond. and sarah lee and ty pay a sarah warren buffett investment firm does not normally make big technology bets, but it often does prefer companies are perceived to have a competitive edge. what does this investment mean than 40 s m. c. okay, so it's definitely great news for a t as and see and is shareholders. so after the news came out, the share price of tiers n c a d r roles by over a 10 percent and he has n z o. so told a local media that called it welcome, all investors who wish to buy in how is shares in the long term, unquote. and they also boost confidence in tiers and sees prospects. so some expert pointed out that is not very common for warren buffett to choose tier simsi over until just when the u. s. is trying to build up its own semiconducto

he still controls more than 31% of berkshire hathaway voting power. >>> if you're holding out for big deals, you might be disappointed, although deep price cuts are advertised, inflation is raising prices. one analytics company says electronics, appliances and toys all cost more compared to last year. the federal reserve has been raising interest rates in an effort to beat historically high inflation stopping short of tipping into recession. that's a look at your money watch. >>> millions are starting to search for a christmas tree during the holiday weekend. prices and supplies will depend on what you are looking for. >> every day is christmas at the national tree company which provides artificial trees to retailers nationwide. >> we have many different trees. >> the ceo says there is plenty of supply, a far cry from last year when shipping delays from producers in china meant that some trees do not show up until after the holidays. now, retailers have a surplus and many are offering discounts. >> from a professional perspective you will see 25 to 60% off at certain retailers. >> a d

one area which keeps us very busy where we have a lot of products still in heavy allocation >>> berkshire hathaway disclosed a $4.1 billion stake in the chinese chip maker it makes tsmc the biggest investment last quarter and tenth largest holding overall. >> i find that so interesting given the struggles in the industry we talked about how it has gone from a product squeeze to supply glut really interesting that warren buffett is getting involved. >> very interesting. i think our colleague, rebecca quick, has an interview with him coming up. it will be interesting to see his views. >> i guess it pays off to be a c contrarian. >>> coming up on the show, condemning the era of war. we are live in bali with the latest coming up next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your scree

b berkshire.is somebody who has preached to the masses about the idea you don't want to be in bonds p. you are losing money if you are not fully invested in stock. he preaches that every year. that's why i'm fully invested in stocks listening to him. >> you have no bonds >> no. >> i just bought bonds. >> by the way, stocks. mutual funds >> of course >> that and comcast. >> i bought bonds. i thought 470 was a nice number for cash i had lying around and other stuff. >> by the way, i do own bonds. i own ibonds. the only inflation bonds >> we will get to the rest of rebecca quick's portfolio. >> i own some bonds. ibonds >> it sounds like a good one >>> coming up, china covid surge. country dealing with lockdowns and more testing how much of an impact will this have on the world's second largest economy. we will have a live report from beijing after this break "squawk box" is coming right back >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure -ery. oh, i ca

. >>> berkshire posting a big jump in operator earnings the third quarter results. that figure totally up $7.76 billion. the company suffered a $10 billion loss on the investment during the quarter due to the ongoing market turmoil berkshire revealing it spent over $1 billion over share buybacks bringing the total to more than $5 billion >>> employees at home depot store in philadelphia overwhelmingly rejecting a plan to become the retailer's first to unionize. the national labor relations board reported 51 workers voted in favor and 165 voting against. the company and union organizations both have five days to file objections. i guess it is just a losing weekend in philly, frank >> you know, that is a low blow, bertha the phillies lost, but the eagles won. >> i was rooting for the phillies >> i think most people were rooting for the phillies we will not talk about the issues the astros have bertha coombs is a boston red sox fan. thank you very much. >>> candidates are racing to shore up support ahead of the mid-term elections tomorrow and president biden and two fo

warren buffett's berkshire hathaway reported a 20% surge in operating income for the third quarter to.7 $6 billion thanks to utilities and energy businesses. the energy underwriting segment of sort a loss. of sor- [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) >> with rates now in restrictive territory, i believe it's time to shift focus from how rapidly to raise rates, to how high. in other words, to determine what is sufficiently restrictive. haidi: that was boston fed president susan collins on entering a new phase that could require smaller rate increases. u.s. labor secretary marty walsh says he would like to see a lower unemployment rate after the octobe

now at $800 billion, it's still worth more than berkshire hathaway which is worth $700 billion, yet berkshire76 billion in revenue, last time i looked these tokens create nothing. so i think realistically probably has much further to fall here just because really when you get down to it what a are tokens, gambling chips dressed up as financial assets and i think we're starting to realizes that. the global equity market's worth $100 trillion. this has no contagion when we think about liquid capital markets but i think bottom line is when you think about crypto, and you think about what its value is today, it's still way too high given the fact that these crypto assets produce nothing. maria: and ryan, you've been bullish on stocks all year. we've got this rally underway. i know you're buying into it. cameron, do you agree that this rally that we've seen in the month of november has legs through 2023? how are you looking at the year ahead? >> yeah, we think that there's certainly headwinds when it comes from valuations and earnings and we're not chasing this recent rally because if we see earni

does this mean for the semis, what does it mean for tech you've got the buffet buy or at least the berkshire to be more accurate of taiwan semi, which had attention spilling towards the chips as well. so how do you put it into context now? >> i now have taken a closer look i've been out of the semis for a while. i think they're really cyclical, right, and economically sensitive. and if you believe the stats about recession this three-month inversion says we're going into one 1,000% so i think you're getting to a point where you can buy them i'm with brin, i think you can pick your timing this is a time you start to do your homework and your math and figure out what numbers make sense to you i am going to own these and i'm guessing for a second quarter but i'd love to earn them. >> good earnings, good guidance, stocks up today. >> their guidance says it's going to continue to be strong recession, i don't know see it cisco doesn't see it >>> coming up, more problems for meta big story out today on employees hijacking user accounts. more on that is next, plus one of our committee members is mak

for home capital, then mortgage lender that nearly collapsed five years ago and was bailed out by berkshireway. today, smith financial is offering a 63% premium to home capital's closing price on friday. shares of home capital or surging to just below the offer price of 44 canadian dollars. let's get some more details from bloomberg's kevin portland. kevin, it was a big surprise to see this deal, someone who has been in the space for decades, shelling out what is definitely a full price for home capital at a time where we are seeing a slowdown in the housing market. kevin: that's right. this is a classic by low strategy. between inflation and rising interest rates, prices are down 10% off their peak in february. home capital stock is down 4% from its peak last year. stephen smith is someone who has been around a street quite a bit. he cofounded another mortgage lender, first national financial corporation. he knows the space really well. he saw that this is the moment to be able to buy this company on the cheap, and maybe that's not fair, because he is paying a substantial premium, but that

. _ they are on the right track thanks to a berkshire club funded by children in need.so that is gaming and pokemon, to the main interests of our young people, somewhere where they don't feel different, somewhere where they don't feel bullied and we see a big change, over the years, cause it takes years to get young people to really feel comfortable in their own skin. this visit to mclaren h0 is a chance to learn from one of the best. i am lucas blakeley and i am a formula one esport driver for mclaren shadow. the current f1 esports championship leader is putting them through their paces. and then what you want to do is follow this green line. i wish these cars were slower. laughs. i wish it was followed fiesta racing _ great abilities at problem solving, being able to intensely focus on things, it is really, really good for new and divergent people. to be able to utilise these tredes— to be able to utilise these trades and put them to their best — this for them is a big thing, because they are special today, they are important. you can see the smiles, it says it all, d

the other big story is the latest regular to filings shows that berkshire hathaway building big stakes in the chipmaker and paramount. look at the strong reaction in those stocks. we are tracking spacex. according to sources starting early talks to raise more money. an evaluation is higher than its previous. it could be in the form of a tender, all subject to change. >> absolutely brilliant scoop. meanwhile, let's go back to the private markets and ftx. american and behind me and authorities -- bahamas authorities. kt is here with the latest. it does seem you might have to pay a visit to the u.s.. >> just judging by his tweets, and the man has continued to tweet through all of this. but he did tweet this afternoon that he is meeting in person with regulators. he has already met with regulators in the bahamas. we know that the u.s. is interested in meeting with him as well. we note the office of the southern district in new york is interested in meeting with him as well. there are approximately a million questions here. roughly a million creditors too. >> the other question is contagion

shares of the taiwanese semiconductor giant tsmc are up more than 4% on the news warren buffett�*s berkshires semiconductors for the likes of nvidia and qualcomm and is the exclusive supplier of apple�*s custom silicon chips. now, let�*s turn to japan where its just released data to show the worlds third largest economy unexpectedly shrank in the third quarter. gdp contracted at an annualised rate of one point 2% between july and september. like many countries japan is dealing with rising imports costs and weak consumption but its also grappling with a very weak yen that has slid to a three decade low against the us dollar. joining me now is seijiro takeshita, dean professor school of management and information at the university of shizuoka. good to talk to you, seijiro. thank you. good to talk to you, sei'iro. thank you-i good to talk to you, sei'iro. thank you. just for our global audience _ thank you. just for our global audience can _ thank you. just for our global audience can explain - thank you. just for our global audience can explain why - audience can explain why japan�*s authoriti

mike bushell paid a visit to berkshire to find out more.for proper owls. now making a delivery of his own as part of his own as part of the stage up in dreams about conjuring up the wizardry that will be needed to beat former winners ipswich town. it's something we dreamed about, from former fa cup winners, it's a crazy experience that in another happen again and so, we may find a bit of magic and get a result. like the last qualifying rounds, the team from the seven tier of english football reached the first round properly. and they do have a wizard of their own, the chairman. who along with his wife, he has been rebuilding the club since 2015, moving the club to a revamped stadium seven miles away in sandhurst in the season one promotion to the premier south followed by the first round of the fa cup. an immensely proud feeling because a lot of what we have done doesn't get recognised nationally. and people still do not know what we do. this has really put the spotlight on bracknell and i think that is the magic of the fa cup at this bring

in 2021, berkshire hathaway was the top employer in the state of nebraska what company was number twoa hospital bill for me? mm-hmm. for $1,200? ga-a-a-ap! did you say "gap"? yeah, he did. he's talking about expenses that health insurance doesn't cover. ga-a-a-ap! uh-uh. aflac! that's why there's aflac. it pays you money to help close that gap. aflac, huh? don't tell me he high stepping. af-lac, af-lac! he stole my move! get help with expenses health insurance doesn't cover at... aflac! ...dot com. ♪♪ i had a bad relationship with my student loan. the interest was costing me... well, us... a fortune. so, i refinanced with sofi. break up with bad student loan debt. to help, we're paying off up to a million dollars of student debt. sofi get your money right. thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting? ahhhhhh. item classification? ahhhhhh. cross-bord

mike bushell paid a visit to berkshire to find out more.ng a delivery of his own as part of his own as part of the stage up in dreams about conjuring up the wizardry that will be needed to put ipswich town. it will make it something we dreamed about, from former fa cup winners, sue chris experience that in another happen again and so, we may find a bit of magic and get a result. like the last qualifying rounds, the team from the seven tier of english football reached the first round properly. and they do have a wizard of their own, the chairman. along with his wife, he has been rebuilding the club since 2015, moving the clip to a revamped stadium seven miles away in sandhurst in the season one promotion to the premier south followed by the first round of the fa cup. t followed by the first round of the fa cu -. . , , followed by the first round of the facu. . , _., fa cup. i am immensely proud feeling because a lot — fa cup. i am immensely proud feeling because a lot of _ fa cup. i am immensely proud feeling because a lot of what _ fa cup.

the berkshire hathaway people reported over the weekend.who can afford that, except maybe stu. stu: you buy fractions. fractio. susan: so 10 billion plus losses on investment and bustle buying back -- buffet buying back and can afford because he has billions on the balance sheet and only con sen straited in five -- concentrated in five stocks and this is the high conviction trade that buffet is known for. he only holds apple, bank of america, coke, chevron and ame. he's the largest holder in those. stu: trump's social media company digital atlas is surging. >> san: what i found -- susan: what i found interesting is it's up on the midterms, anticipation that trump will announce the run for 2024 next week, but it's so interesting that social media stocks are now proxies for politics and talking about twitter. look at dwac, anticipation of the possible merger with trump social and up 21%. stu: fascinating. susan: and meta too and the spending and political spending and advertising for the next few years as we gear up of course for 2024. stu: b

a miniature berkshire hathaway five and change percent used, less than ten times earning. we get salesforce this week. you were considering it. >> i don't need to be that much of a hero. let's see the earnings come out. >>> thank you, too i'll see you if "o.t." "the exchange is now >>> welcome, everything, protests in china over the tight restrictions, it is affecting everything from oil to the market, to even apple. apple's workers, by the way in china are angry, rightfully so we're going to log into all of the different angles, a geo political story. >>> plus, congress is back for potentially action-packed session. >> the dow industrials, by the way, are at session lows, down 358 points, similar percentage loss for the s&p 500 now decently below that market, now down 45 points similar percentage move, 11,107 the last trade there china is having an outsized effect u.s. benchmark prices hit $73.67 the 73 ham, we're bouncing up to 77 and change, so a big move higher off the lows. a reason why some traders might have gotten bullish, at that price for crude prices, you're tal

. >> mao mine is -- i liken it to a miniature berkshire hathaway five and change percent used, less thanwere considering it. >> i don't need to be that much of a hero. let's see the earnings come out. >>> thank you, too i'll see you if "o.t." "the exchange is now >>> welcome, everything, protests in china over the tight restrictions, it is affecting everything from oil to the market, to even apple. apple's workers, by the way in china are angry, rightfully so we're going to log into all of the different angles, a geo political story. >>> plus, congress is back for potentially action-packed session.

. >>> berkshire shedding stake in us bancorp it owned over 53 million shares as october 31st.44 million shares at the start of the year. b it did not give a reason for the selling. >>> and eli lilly is not offering free insulin. someone impersonated the brand on twitter eli lilly is in conversation with twitter on the matter. >> this needs to be fixed. >> it really does. another one with more issues we had heard about lebron james. just lots to keep an eye on. >> silvana, thank you. >>> coming up on "worldwide exchange." sam bankman-fried racing to drum up critical funds to keep ftx from collapse. what some of the biggest players are saying about the latest black eye for the space. "worldwide exchange" is back in a moment ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. ♪ my finances were all over the place. and my banking relationship wa

means for the fed's hiking strategy and maybe how with changes you should invest and surges after berkshireathaway sent $4 billion of the stock in the third quarter should you we'll trade it as we head to break, take a look at some of the stocks hitting new all-time highs they make engines. talking about fossil fuels we're back right after this. just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. >>> welcome back to "power lunch. is inflation finally easing. new ppi data coming in lower than expected, rising only 0.2% versus the 0.4% estimate october's number is 8% higher year over year, though let's put that in perspective, shall we it is in decline from the 8.4% here to break all of that down and what it means, steve ceaseman good to see you. >> good to see you, morgan the 0

at the same time, berkshire hatha hathaway taking a big stake. >> clearly the leading foundry, leadingfor '23. they have a tremendous history in introducing leading edge technology i think what's a little puzzling for me is that given some of the increasing tensions between china and the u.s. and taiwan being right in the middle of those tensions, that you know, there could be a retaliation from china and that puts them right in the middle of that potential retaliation given all the u.s. export controls that the u.s. has pushed on to china. and so to me, it's a little puzzling that they would make that massive investment in the middle of that, those tensions, which in my mind are just going to accelerate over the next three to five years. but tsmc is the best leading edge technology in the world and there might not be much of an all terntive sem sem semiconductor companies as well. >> the stock went off in asia overnight that trades here was lower. thank you for joining us a lot of semiconductor news today. appreciate you being here. take a look at where we stand in the markets. down 3

united health, exxonmobil, johnson & johnson, berkshire hathaway.ou know, shah, let me go back to you on this. what do we do here? chase the old economy names dominating the megacap list or keep looking back at the apples and microsofts on weakness? >> i think when the tech sector settles out, you go back to the tech sector that is where growth will be. they're certainly acting like cyclicals now. they have more to go on the downside, as far as other leadership stocks. i was following energy for a while. that is ticking a little bit of a pullback. it is hard to find leadership in this market. i think when he things settle out once again it will be tech. they have to get their houses in order. they overreached. i think more layoffs ahead but the tech sector will be one to go couple quarters below. charles: hard to imagine the overall market with a sustained rally without tech. they may not have to lead the parade but have to be part of it. we always appreciate kicking off the week with you, gary, shah, thank you very much. for this market, right? dur

berkshire hathaway exceeded tesla in the s&p 500 to be number five.a huge rotation right now. you have rolling recessions going on in certain sectors but overall the economy is relatively strong and we saw that in gdp last quarter, saw that in the employment numbs betters. overall it's not as bad as everyone thinks. maria: dan niles, i spoke to him last night he said look at the generals, the generals being microsoft, amazon, you know, all of the biggies, apple. these stocks were down like 5, 6% last week while the s&p 500 was up and so is that a message that we are about to see the holidays come in lower than expected? i'm talking about holiday spending. i know it's been okay so far. but wall he s tree is focused -l street is focused on what's ahead. >> one thing we've seen over and over again is consumer's been stronger than expected. retail sales were flat last month but they're spending money in other places. maria: let's talk about mortgage rates. breaking earliers this morning, mortgage rates rising to 7.14% this morning. we've seen real demand

let's get to your taiwan semipick berkshire hathaway also lakes the company. what do you like about it and how are you viewing that china risk >> well, our thesis on taiwan semi, we call it, you know, a couple of things we think it's one of -- arguably the most important company in the world. we think it's interestingly enough, it's probably one of the most significant companies, much less technology companies, that a lot of people don't own. it's an adr. it's not in any of the s&p 500, it's in none of the benchmarks and in terms of what's going on with china, word from the company is that they believe it's manageable. there's certain changes that they can make. there's also other demands where they can shift some of that production but we're looking at -- you know, we're in the early innings of this, too and we'll see as the year progresses we're taking the company at its word that, again, it is manageable and there's some demand -- other demands where they can shift production. >> tsmc is well off of its lows when it dipped below 40 a few weeks ago. it's bac

that's a mismatch that will correct in paramount's favor >> quickly, if berkshire hathaway put a filinghat they were out of this name, i'm not suggesting that they are, they have no knowledge to say that they are or whatever, but if that happened, if they threw in the towel on this, what would you do would it influence you at all? >> well, it would make me feel even more like garbage than i do right now on the name. you know, i think about that, scott. how about if we just cross that bridge when we come to it? they're in it for now. i have to think that they see the same long-term business potential that i do. yeah, this stock makes me look like garbage i know that. >> maybe i mean, they've pulled the rip cord on things before that we maybe thought they never would miami thinking like m iband the like let's take a quick break and do final trades on the other side dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones the hiring process used to be the death of me. but

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