jack hough: there piling in, why aren't they going after berkshire?ett is untouchable but when he is gone, they could come out from where the new ceo is. carleton: we have stock pick from him. andrew: he says the company keeps the culture and his low prices and there is no stopping it. jack otter: you have to show your card at costco, they have virtually no shoplifting. andrew: almost no shoplifting. members don't steal. there's only one exit, one entrance, hard to steal giant rolls of toilet paper everything else. jack hough: i'm going to wear my biggest pockets. jack otter: thank you, you have some great investing ideas next weekend. ♪ i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right. nicorette knows quitting smoking is freaking hard. you get advice like... just stop. go for a run. go for ten runs. run a marathon. instead, start small with nicorette, w

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jack hough: there piling in, why aren't they going after berkshire? when he is gone, they could come out from where the new ceo is. carleton: we have stock pick from him. andrew: he says the company keeps the culture and his low prices and there is no stopping it. jack otter: you have to show your card at costco, they have virtually no shoplifting. andrew: almost no shoplifting. members don't steal. there's only one exit, one entrance, hard to steal giant rolls of toilet paper everything else. jack hough: i'm going to wear my biggest pockets. jack otter: thank you, you have some great investing ideas next weekend. ♪ well, the stock is bubbling in the pot ♪ ♪ just till they taste what we've got ♪ [ tires squeal, crash ] when owning a small business gets real, progressive gets you right back to living the dream. now, where were we? [ cheering ] for businesses of all sizes, there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose

we understand a meeting will take place in berkshire, not london, and also ursula _ in berkshire, not berkshire, not london, and also ursula von der leyen's own public calendar— ursula von der leyen's own public calendar even suggested it could be in windsor — calendar even suggested it could be in windsor. that has been tweaked to say the _ in windsor. that has been tweaked to say the uk _ in windsor. that has been tweaked to say the uk but you might remember on friday— say the uk but you might remember on friday night _ say the uk but you might remember on friday night there was a starry sky news _ friday night there was a starry sky news broke that there had been a plan for— news broke that there had been a plan for ursula von der leyen to meet _ plan for ursula von der leyen to meet with— plan for ursula von der leyen to meet with the king, and now the agreement might even be called the windsor— agreement might even be called the windsor agreement. we have heard that as _ windsor agreement. we have heard that as well. we don't have details of exactly — that as well. we don't have

>> well, i bought it originally toy a tend the berkshire -- to attend the berkshire or meeting.last groups before the b shares came out, and it was just great to see warren buffett, a guy who i'd read about for years in the mid 1990s already and see him in person and hear him answer the questions, i was a fan. i've remained a big fan. liz: let's talk about the numbers here. obviously, there was a loss, and we saw the eps dropping. does any of that bother you. >> that doesn't bother us. as warren buffett says, everyone should really be focusing on operating earnings and operating earnings at berkshire were up over 10% last year. fluctuations in the stock portfolio and the price of the stocks in his portfolio which are now affecting gap earnings and previous misleading losses for berkshire when we know that berkshire's stock portfolio historically goes up over time. liz: well, yeah. and for people who don't understand some of the vagaries of what we're talking about, buffett runs all of these companies including everything from dairy queen to garanimals, net jets, all of these com

that's the largest lesson from buffet and berkshire heamath aw.e, he says berkshire will hold a boat load of cash and avoid behavior that could result in uncomfortable cash needs including financial panics and unprecedented insurance losses, end quote. wow. he concludes the discussion with a simple line, at berkshire, there will be no finish line bravo. in all honesty,while you can learn a lot from the playbook, you can't maimic it yourself he bought in the 60s and 70s an after 60 years of this, he's got insanely deep pockets. he can afford to ignore the short term he's got license but if you're a regular person with regular expenses you can't afford to be that patient. here is the bottom line, as always, the berkshire htmath aw annual letter e , spend 15 minus reading it it will take no longer than that paul in minnesota, paul? >> caller: jim, i'm a long-time viewer and club member and very thankful for the wealth and knowledge you and your team -- >> thank you the club, we had a rocking meeting this weekend i think everyone should join the club

berkshire hathaway vice chairman just announcing at the annual meeting of daily journal that berkshireted greg able as warren buffet's successor as berkshire's ceo when buffet steps down or can no longer continue in the role. munger saying able is a tremendous learning machine and successful as a business leader and berkshire is lucky to have him. greg able, canadian, chairman and ceo right now of berkshire hathaway and vice chairman since 2018 and went to university of alberta. there you go, warren buffet's successor and it's official and berkshire's stock is in the red right now almost 1%. the a shares are and b shares down about 0.7%. precious metals miner bera gold is taking a dip and stock down 4% despite the gold and copper producer beating the streets estimates in the fourth quarter. barrick plans to boost production and fund its $1 billion share buy back plan over the next year. bring in barrick gold president and ceo mark bristo. mark, welcome to the program. >> thank you, cheryl. thank you very much. cheryl: let's talk about this. it's been a little bit of a rough ride but in

stuart: start with berkshire hathaway please.y report a whopping great loss over the weekend? >> look at the stock it's a $463,000 stock but warren buffett, berkshire hathaway lost almost $23 billion but he says, in his annual letter, that that is 100% misleading, because these are paper losses because of the worst stock market we've seen since the financial crisis, also throw in higher rates and inflation hurting some of the bottom line at some of the companies, but, he says, if you look at the operating earnings, which is the actual income that these companies make from running their businesses, selling stock, berkshire earned a record $31 billion last year, and that means that buffett grew his cash pile to almost $125 billion in cold, hard cash so he has dry powder to buy more companies if he thinks it's cheap. now berkshire bought back around $8 billion in stock and uses letters to take aim at democratic lawmakers for instance elizabeth warren and president biden, and he says that those have been critical of companies using t

>>> welcome back, berkshire hathaway released its report over the weekend berkshire reported a loss ofthe company was impacted by $67.9 billion in investment and contract derivative losses that accounting rules require. those have been numbers that even when they're up charlie hmonger and warren buffett don't pay attention to that. revenue was up, operate earnings rose to a record $30.8 billion berkshire hathaway as warren buffett pointed out is now the biggest shareholder in eight s&p 500 companies. american express, bank of america, chevron, coca-cola, hewlett-packard, moody's, and paramount global buffett pointed out in his letter that berkshire hathaway ergonomic and burlington northern santa fe would be s&p 500 companies as well. all of those companies earn more than $3 billion annually that's something that only 128 of the s&p 500 companies do. one of the things that buffett pushed back on in his letter was criticism of share buybacks. he said when you are told that all repurchases are harmful to shareholders or to the country or particularly beneficial to ceos, you are listening

that was a short-term trade for berkshire, only november when it purchased a $4 billion stake and theale comes on the heel of the chip maker dimming its outlook for the year, blaming soft demand, turbulent macro, market conditions. of course, the exact timing of that sale is unknown, but berkshire has now missed out on a more than 20% bounce in '23. they bought another $20 million shares, added some paramount john, it's been interesting. obviously, these filings operate with a lag, but they've also trimmed sop byd. it is interesting to watch them trim overall asian exposure. >> it is interesting and this strikes me as a shorter term call, versus a longer term call. you have intel and probably others saying, how slowly can we build these things out and pay the likes of amc and others. then there's an opportunity cost berkshire probably thinking, hey, there's some other stuff out here that is about to go up that we could potentially buy here meanwhile, apple, on the other side of this berkshire buying into that, that's also been up quite a bit this year. it's vertically integrated, so i

there's a little bit of a backstop there i berkshire's large earnings some speculate it might be an mlay if you want to make a bullish bet in paramount, betting there is a little bit of a backstop with berkshire, they had a good story with the "top gun: maverick" movie. wins beget more wins, look out to may, the 22 1/2 calls, 1.90, a percentage of the stock price, i they realize those seem relatively expensive. bear in mind this is a company that has, you know, a less than $15 billion market cap, but more than $17 billion in debt so there's a little bit of leverage vetted in the equity that's why you're going to see higher options premiums. they're justified. i am long the stock though, may 22 1/2 calls are a way to make a bullish bet without risking the money. >>> cisco reporting wednesday after the bell, wild moves the name is virtually flat so far this year. mike, what's your trade? >> cisco, like paramount, a name that actually isn't really all that expensive there is some enterprise spend numbers that look relatively decent here, too, i think you can keep it very, very simple i w

there's a little bit of a backstop in berkshire's large holdings they own about 15% of the company. i think if you want to make a bullish bet in paramount, betting that there is a little bit of a backstop with berkshire. they had a good story with the "top gun: maverick" movie. you could look out to may, the 22 1/2 call at $1.90 as a percentage of the stock price. i realize those probably seem relatively expensive, but we need to kbbear in mind that this is a company that has a less than $15 billion market cap but more than $17 billion in debt. there's a little bit of leverage embedded in the equity that's why you're going to see those higher options premiums. i think their justified. >> let's get to a tech name now. cisco reporting wednesday after the bell after some wild moves, the name is virtually flat so far this year mike, what's your trade? >> i mean cisco, this is sort of like paramount this is a name that actually isn't all that expensive there is some enterprise spend numbers that look relatively decent here, too, i think you can keep it very, very simple i was just lookin

because you have strength in groups like communication services, paramount leading the charge there, berkshire hathaway upping its stake in that name, utilities, industrials, materials and technology those are all your sectors in the green. what's not working today, energy, real estate and financials the ten-year treasury yield up 3.8% check out the biggest earnings movers roblox, analog devices jumping on results while devon energy pulls back coming up on the show today we will talk to national retail federation president matt shay about the retail sales why he says cpi isn't the best measure of inflation >>> and later a rare conversation with sam zell everything from the state of the economy to real estate, the fed, and much more. >>> first senior market commentator mike santoli joins us what are you watching? >> the interday strength, sara, continues to be the strength not dramatic index moves if you look at where we sit in the 4130s, exactly where we essentially closed the week before last. it's been a week and a half of sideways digestion, that 7% gain in january has basically been held t

haidi: su keenan with the latest on berkshire.ur exclusive interview with the bank of korea governor who tells us they are open to further rate rises after hitting pause last week. this is bloomberg. annabelle: i am annabelle droulers with a check on markets as we had to another trading week. the tone is looking quite risk off as we head on. what is driving that is the inflation reading out in the u.s. friday, the pca -- pce deflator at 5.4 percent and acceleration hotter than expected. it tells us the fed will need to keep rates higher for longer. treasury bond futures are still moving a little. we saw the yield on the two-year hitting its highest since 2007. likewise, we are seeing moves higher for bond yields in their dividends in line with what we had in treasuries. this sets us up for risk off trading in equities. 30 minutes into the session the asx 200 down by nearly 1%. u.s. futures just turned fractionally negative. japan guide and a weaker start. now what we are seeing, losses in more rate sensitive sectors. in australia,

now, what we're told is, we know ursula von der leyen is going to berkshire and in berkshire is windsorble calendar, although the entry has now been altered, it said that the meeting with rishi sunak tomorrow will be in windsor. so i think that will again raise questions as to whether she might meet the king. we've had absolutely no confirmation of that being the case. and there was also these suggestions that we heard that the deal itself could be called the windsor agreement. again, we don't know if that's going to happen but some signs seem to be pointing towards that as a possibility. as i say, the entry has now been altered, but we've no reason to believe that our actual final destination in that sense has been altered. let's speak to paul mcgrade a former eu trade negotiator who joins us from dublin. thank you for your time. in terms of what any deal might mean, it's very complex, can you try and simplify why this matters?— why this matters? yeah, this is a cuestion, why this matters? yeah, this is a question. i _ why this matters? yeah, this is a question, i think, _ why this mat

now, what we're told is, we know ursula von der leyen is going to berkshire and in berkshire is windsory available calendar, although the entry has now been altered, it said that the meeting with rishi sunak tomorrow will be in windsor. so i think that will again raise questions as to whether she might meet the king. we've had absolutely no confirmation of that being the case. and there was also these suggestions that we heard that the deal itself could be called the windsor agreement. again, we don't know if that's going to happen but some signs seem to be pointing towards that as a possibility. as i say, the entry has now been altered, but we've no reason to believe that our actual final destination in that sense has been altered. we will bring you more on the potential deal in the next few minutes. let's move on to the rest of the days news. at least 59 people have drowned after their boat broke up in rough seas and sank off the southern coast of italy — including a number of children. the boat was said to be overloaded with close to 150 people. it's thought the vessel left izmir in

haidi: warren buffett's berkshire hathaway reported mixed results, underscoring fears the u.s.s facing a bumpy road ahead. but spring and sue keenan with the latest. despite earnings, some businesses saw key demand. su: this does support a lot of concerns there are rough economic headwinds heading our way. this was despite operating earnings reaching a record for the past year of $30.8 billion. the billionaires annual letter to berkshire hathaway, releasing results over the weekend, was nonetheless optimistic and reminded investors to keep the faith in america's economy, championing long-term investing, they saw a 14 percent decline in the fourth quarter and despite seeing weaker demand in some units, citing higher materials, freight and labor cost, buffet set i have yet to see a time when it's safe to make a long-term bet against america. he took issue with recent criticism on share buybacks after the biden administration recently proposed quadrupling the levy on them. buffett wrote when you were told all repurchases are harmful and particular beneficial to ceos, you are liste

berkshire hathaway is the larges largest sure holder of the common shares as of the end of last year. >> is it almost half of the company? if this weren't such a saga over the last couple years maybe people would be quicker to ride alongside berkshire here >> i think it's a great point. >> yes, to pippa's point, in the last one year it's up about 50%. investors have been doing the hokey pokey inside of growth and value, but what has been a theme that continues to connect with investors? it's energy. so if you look at a name like xnl and it's one-tenth the size of exxon and it's mostly double the s&p 500 and there is risk reward, and warren buffett, and i'm pretty sure warren has a track record and that's a fortifying reason to own, but if you look at the chart here, it makes a ton of sense and support here at $55 and the ability of a short-term price target, kelly, 75 bucks. >> so is the hokey pokey a good thing? >> a lot of people have been trying to figure out growth value and nonetheless, energy, occi was almost left for dead and it's the comeback kid and i don't know if you have t

now what we are told is we know ursula von der leyen will be going to berkshire, and in berkshire isblicly available calendar, although the entry has been altered, is that the meeting with rishi sunak tomorrow will be in windsor and that will again raise questions as to whether she might meet the king. we have had no confirmation of that being the case. we also heard suggestions that the deal itself could be called the windsor agreement. again, we don't know if that's going to happen but suns signs seem to be pointing to that as a possibility. her diary entry has been altered but there is no indication to believe that the actual final destination has no indication to believe that the actualfinal destination has been altered. actual final destination has been altered. ., , , actual final destination has been altered. , ., altered. people might be looking and thinkin: , altered. people might be looking and thinking. why — altered. people might be looking and thinking. why on _ altered. people might be looking and thinking, why on earth _ altered. people might be looking and thinking, w

. >>> we will take a quick break berkshire hathaway selling a very large chunk of its stake in one bigk what the committee thinks of that move, what it means for the broader chip space, if anything. and during february we celebrate black heritage to the stories of some of our cnbc teammates and contributors >>> when i think about black history month, the name that comes to mind is reginald lewis. he was so inspirational in my career and getting me excited to go out and conquer the world of finance. and the work we're doing here i hope will empower others or at least inspire others to go create generational wealth ♪ ♪ luxury exemplified. innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv from mercedes-benz. see your dealer for exceptional offers on mercedes-benz electric vehicles. doors can lead us toward what's important. your dedicated fidelity advisor can help you open those doors. by working with you on a retirement-income plan designed to balance growth and guaranteed income. because doors were meant to be opened. ♪ ♪ ♪ ♪ ♪ ♪♪ we all h

economy after berkshire hathaway reported weaker results in some of its key businesses.ated earnings fell 14% as higher prices hit his railroad and insurance units. he says it is -- he said he is yet to see a time when it is right to make you long-term bet against america. asml and u.s. government are said to be investigating potential links between a former employee accused of data theft and the chinese government. the suspect has been accused of having ties with a chinese agency. rishaad: seeing a bit of a mixed bag overall. we are headed down. we have this halting u.s. interest rates and the hot inflation read. the pce which sent the nasdaq and s&p to the worst week since december. the one in focus has two months highs against its american counterpart. david: do we have some movers up? probably doing it later. coming up msci capital rejoining to talk us through the regulatory environment. then harbor will be talking us through the readthrough as far as tech as the tech sector is hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than ot

taiwan semi, lower and berkshire hathaway lower its stake. >> they cut its stake on the semiconductor by 86% as of q4. that means ending december of last year so quite a shift in tone since berkshire bought 60 million new shares in q3 making its one of its top ten holdings but not the case for q4. often we see these in and out of a hedge fund less common from berkshire hathaway the stock reacting down 3.7% right now. but volume is relatively light >> well, kristina, thank you, kristina partsinevelos dan, would you make a similar poff >> i think it's interesting to see that movement from a company -- >> back to trader. fast money. >> not known to have their finger on the pulse and nailed apple and a huge thing for him but i will say this, this goes to what i might have said about the market, our market is not priced for a geopolitical event. when you think about how things got heyware in the start of 2022 is when russia started to roll into ukraine and all inflationary things in 2021 went haywire. think about on a magnitude, if things are dialing up with china and there is some sort of

kristina >> although we're still awaiting a 13-f filing from berkshire hathaway we have received 13-gings which show any current passive positions above 5% in a certain name we're seeing berkshire reducing its stake by 1%? rigged r n. video game company activision it's not reacting too much right now. then you have increasing a stake by almost 60% in the bank of america mellon leaving berkshire with a much smaller 3.1% stake in the bank. that means they won't have to file in the 13-gs anymore. lastly the third big mover it owns 10% of outstanding shares but keep in mind this is a passive position and hopefully we'll be getting the 13,-f in th coming minutes or hours. >> kristina, thank you let's get to the bond market reaction to this morning's cpi report rick santelli. what do you make of it, rick >> i found it to be pretty much as expected. we didn't match expectation buzz in the end it's never about expectations it's about history. it's about what's in the rearview mirror. and when you consider two-year notes at the high water mark in november, 4.72, still about ten basis points aw

warren buffett's berkshire berkshire hathaway now owns 238 million shares.o come out after the bell. we will get you that, of course, tomorrow and give you all the information. buffett and company also ache thing a 50 million share stake the of kroger, a nearly 10% stake in allied financial as well. he now to owns 915 million shares of apple, that's up from 894.8 million shares reported in the company's 13f filing of third quarter holdings. is here we go, all three names are moving lower there. let's look at activision blizzard. buffett if had announced during his annual shareholder meeting he had taken a personal stake in activision blizzard. buffett if has also, on behalf of berkshire hathaway, ache then a pretty significant take -- taken a pretty significant stake, now at 6.7%. it's moving higher by a quarter of a percent right now. and airbnb set to unveil earnings after the bell today. travel command returning to pre-pandemic level, so some analysts believe this will help boost bookings. however, some investors are concerned with more workers returning

. >>> charlie munger of berkshire spoke yesterday at the annual meeting.logy former chairman he took shareholder questions for two and a half hours yesterday. covered a broad change of topics including artificial intelligence >> i think artificial intelligence is very important, but also a lot of crazy hype on the subject. artificial intelligence is not going to cure cancer or do everything we want done and there's a lot of nonsense in it, too. so, i regard it as a mixed blessing with artificial intelligence >> munger said his favorite stock ever is byd. the chinese ev maker that munger invested in back in2008. this is something that charlie brought to berkshire and one of the best things he has done. they invested $230 million in 2008 it is now worth $8 billion that stake they have in the company. it is up more than 17-fold since 2008 they got a better deal than what average investors would over that period of time. in answer to the question, he compared byd to tesla. >> tesla, last year, reduced prices in china twice. byd increased prices we're direct co

berkshire bought back8 billion in common stock. warren buffett releasing the annual letter to shareholders. among observe ations were those against buybacks >>> and pfizer is in talks to buy seagen the deal would bolster pfizer cancer treatments. seagen was in talks with merck last year, but they failed to reach a deal >>> and the house is getting ready to hold talks about the train derailment in east palestine, ohio. among the issues how the government supervises large rail companies, frank. >> silvana henao, thank you. >>> back to a very busy trading week ahead with the slew of corporate and economic data on tap. that includes retail and home sales. fear may be making a return back to the market. we are watching the vix rising above 23 last week this as the latest cboe data shows call options betting the vix will rise or trade at the highest rate since march 2020. joining me now is robert schein. great to have you here >> good morning. >> let's start it off. we mentioned the vix with the spike in february. down 11% in january. up

now berkshire slashed stakes by 60% and u.s. bank core by 90%. activision blizzard is down 12%. it's still the 12th largest. he did add slightly to his stake in apple chri christina kristina partsinevelos looks at the report. >> he bought 60 million qc shares in q3 making it one of the top ten hold eings after we see the quick moves in and out of the stocks, less common among berkshire hathaway positions. it decreased its exposure to research and dutch equipment maker asml d 1 also dissolved its position in asml. cadence design posted its earnings earlier this week bridgewater associates cut its stakes by 80% in q4 of last year another. lar name among the 13 filings was salesforce with five known activists in the stock you have starboard filings valueact over half a million inclusive cap over 6 million elliott management the sigh of those positions is still unknown. keep in mind 13 filings provide an update on q4 holdings and they may have changed in the past three weeks for cnbc news business i'm kristina partsinevelos. >>> the bust could drive more inactivity this year they ha

no i was out weeks ago, why are you even asking me >> speaking of berkshire, taiwan semi is down 5.5% trade it well by all appearances, bought in the third quarter. by the tend of the fourth quarter, had sold most of it it was up over that period, but since the end of the fourth quarter is when taiwan semis had really a nice move it is up even with the decline today at 24% there was a sense out there that they're sort of -- the berkshire endorsement was working to its favor, to taiwan semi. one thing berkshire buys is crucial infrastructure around this country, in terms of pipelines and utilities. >> shovels >> railroads and things like that and the idea that maybe they viewed -- who knows if it's buffett, it probably isn't it's probably the investment -- >> that's right. >> but nonetheless, that's a little bit of a step back. in terms of sentiment around taiwan semi, even though the overall story seems pretty good. >> speaking of semis, morgan stanley with a great note out today about chatgpt, and they say, in every news cycle, we see new bubbles. however, the hype around generative

probably next berkshire probably in the next hour half .ur and a half. so. they're going to continue and conclude their negotiations, though . their negotiations, though. let's be honest about this. the deal essentially is already done. that today is really choreography . then when that is choreography. then when that is happened, we expect it last no more than an hour. the prime minister is going to dial into the cabinet virtually to discuss the cabinet virtually to discuss the detail of the proposals to effectively get their agreements .then effectively get their agreements . then we're expecting a press conference a little later this afternoon here in berkshire between the prime minister and ursula and then ursula von der leyen and then the prime minister going to head back to parliament the commons to address to make to address mps to make a statement, try and statement, to try and effectively win them over. now where are we with all of this? well, at the moment heard it well, at the moment you heard it from rees—mogg there from jacob r

cash flow, we'll continue to manage our balance sheet with an eye to navigating this short-term berkshireclear what it is they see here, but they like it. >> a lot of upside was box office filmed entertainment, a strong area, which is always -- you don't know if the market's willing to project ahead that that's going to continue so, often, that's not a huge component of the multiple, even though they had a very good fourth quarter in the box office but yeah, i mean, berkshire owns 15%. >> at least. >> thereabouts you want to ask how to get a short squeeze? get a cheap stock that's in all the value indexes and people think it's in secular decline, buffett's not selling his 15%. therefore, the short is a percentage of float is even higher that's the squeeze formula >> a all a good point. and overall, in terms of when you look at the overall business, whether it's disney or our parent company, comcast with peacock, whether it is warner bros. discovery or paramount, everybody's trying to figure it out in terms of their cost structure, how to compete with netflix, which obviously is sort of ou

alix: we have heard you will be in omaha soon for the berkshire weekend. is this true?ccepted a invitation from the university of nebraska to speak at one of their conferences, so i will be there on friday evening of the berkshire shareholder meeting. alix: coincidence, you happen to be there. the other thing everyone wants to know about is, will warren buffett by you guys, will you ever buy up warren buffett, is one of the big majors by you because of this direct air capture stuff? give me insight to the conversations. vicki: i would say we want to create the most value for our shareholders. in whatever way that happens. we work every day to create more value. alix: is anything off the table? vicki: nothing is off the table for occi. we look at everything. we are determined to make sure we get the most value for our company. alix: such a pleasure, it has been such a long time. back to you. kailey: thanks very much to our very own alix steel alongside vicki holub, the president and ceo of occidental. coming, u.s. divers are salvaging what they believe is spy equipment f

berkshire hathaway is the second largest shareholder. they own 10% of the stock. largest shareholder is the ceo, gary friedman who owns 14% of the stock. >> hathat is true not sure if we know it's warren within berkshire years and years ago they also owned pier one anthony, it's good to talk to you. thank you very much. >> thanks for having me. >>> tyson foods sliding today after missing earnings estimates largely tied to a drop in beef prices and falling pork sales volumes. tyson's ceo blamed market dynamics and some operational inefficiencies for the hit to profit tyson also reduced its full-year operating margins. michael avery of piper sandler joins me now he has a hold rating and a $65 price target on tyson. michael, it seems like we're caught in a tough spot, at least in the most recent period where there was some trade down in customers not really paying up in terms of pricing and then they're still saddled with some elevated costs is that going to persist what's the outlook from here now that the market seems to be kind of turning ton this story? >> touche

tying that into pioneer. >> josh, what do you think of that, the berkshire move specifically >> it could i don't know what the next 10%, 15% in the stock will be i'll be in the stock probably forever. >> okay. up next mike santoli will join us for his midday word >>> still ahead, we will grade your trades today. you can tweet us [music - cover of blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. >>> welcome back to "the halftime report. stocks giving up their big gains. mike santoli is at the new york stock exchange for his "midday word." gave it all up what happened? >> i don't know what, if anything in particular, happened, scott. you could call it listless, orderly consolidation here after we've had the decent run nothing really going on on the yield side today or the dollar which both backed off a little bit to explain things. we talked about just the sort of emotional current running through the market it seem

they own companies that do huge buybacks like apple and what that functionally does it raises berkshire's why he's defending the buybacks the economic illiterate part is interesting. a case to be made not all buybacks are created equal f. you're doing a buyback to sterilize employee stock option issuance, "a," it doesn't benefit the existing shareholder and, "b," that's probably not the right type of buyback. truthfully, even with a 1% tax on buybacks, it's still a more capital efficiency way to give investors back some of the gains versus the dividend. you're charged a dividend tax rate on a buyback, the individual is. it's double taxation the company does revenue, then they have profit, they get taxed on that profit then they pay in the form eof a dividend and they pay again. hey, we're going to return the same amount of capital but do it in the form of a buyback shrinking the share count and you will benefit as a result so i don't think it's are buybacks good and bad, there are good buybacks and bad buybacks the way politicians talk about it, they live in a fantasy land where companies

berkshire has two units worth discussing really quickly. burlington northern, the railroad, double digit revenue growth year over year for six straight quarters going back to june of '21. the same thing on the insurance side six straight quarters of double digit growth there so this is, i think, an undervalued stock. i'm in it. i've been in it for a long time. >> foot locker initiated buy today, 55 bucks. you own that, right? >> this is a real challenge for me because what this upgrade says is basically you have a catalyst with this great new management team taking the business very seriously. we added it a year and change ago at $27 a share when they announced nike was going to come off and there would be a huge share buyback. we thought this is a management board very serious about returning to the shareholders. you see more of that now now i have foot locker at 5.3. if it gets to this $55 price target which i think it could and should, i will be forced to sell it. it cuts both ways. >> weiss, i want to run something with you but can we s

. >>> coming up berkshire hathaway's charlie monger has, golly he has some pretty tough words for cryptoght he was angry before. wait until you hear what he has got to say now. genieve roch-decter is here with me. this juggernaut, jerome mart tease is here to discuss that maybe happy for the stock, and investtores. we'll discuss that. ♪ (voya mnemonic.) there are some things that go better...together. hey! like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. for a brighter financial future. thanks. ahh pretzel and mustard... another great combo. (voya mnemonic.) voya. well planned. well invested. well protected. only at vanguard, you're more than just an investor—you're an owner. we got this, babe. that means that your dreams are ours too. and our financial planning tools can help you reach them. that's the value of ownership. ♪ (cheery music) - they get it. they know how it works... and more importantly... it works for them. - i don't have any anxiety about money anymo

friday started — sunny, cold and frosty across the south, like this weather watcher picture shows in berkshirensettled, again windy, with outbreaks of rain. now for this weekend it looks like most places will be dry and mild as high pressure really exerts its force right across the country. but it will feed in some moisture—laden air with more cloud around, so sunshine will be limited. this area of high pressure on saturday will nudge a bit further northwards, so it should keep most of the weather fronts at bay, so i think it looks even drier across the north of scotland than what we've had over the last few days. and generally through saturday and sunday we'll be in this milder air mass, as you can see from the yellow colours. saturday looks pretty cloudy. we'll start off with more cloud across the south of the country, so no problems, i think, with widespread frost. stays cloudy through the afternoon. there could be some holes in that cloud to allow for some sunny spells — particularly north—east scotland, north—east england faring best for that. winds will be light for most but still fairly

and as it's berkshire today. and as it's pancake day , kate picked up some pancake day, kate picked up some batter. a spatula and a frying pan to flip some culinary treats. however even the princess had to admit she didn't have much flair for it. she even said her children may boycott her pancakes after seeing her attempt, which she called a congealed blob. you're up to date on tv, online and dvb plus radio gb news. now it's time for fresh . fresh. well whether or not the conservative party is about to go back into a period of internecine warfare. all will be revealed the course of the next few days . we tend to obsess few days. we tend to obsess a bit about the conservative party in the media, although of course they rather obsess about themselves. maybe we don't pay enough attention to sir keir starmer and what he's doing in the labour party. now i want to give him ten out of ten for booting out jeremy corbyn. that i think is a very, very smart move. corbyn contributed more to that 80 seat majority with johnson

i was told this morning we were in berkshire _ that.but— that. i was told this morning we | were in berkshire but somebody that. i was told this morning we l were in berkshire but somebody a that. i was told this morning we - were in berkshire but somebody a map to say we�*re on the the border with surrey. but you are right, on friday, there had been a meeting pencilled in between ursula von der leyen and the king. i wouldn�*t be too surprised if that still happened. that is likely to be controversial if it happens because some tory mps think that, some i have spoken to think that is bringing the royal family into politics and it is not something they want to see. i suspect the defence would be that it is not uncommon for senior political leaders to be wined and dined by the royalfamily as part leaders to be wined and dined by the royal family as part of a diplomatic relationship. but we will see. nothing from number 10 nor the palacejust yet. i nothing from number 10 nor the palace just yet-— nothing from number 10 nor the palace just

and as it's berkshire today. and as it's pancake day , kate picked up some pancake day, kate picked up some batter. a spatula and a frying pan to flip some culinary treats. however even the princess had to admit she didn't have much flair for it. she even said her children may boycott her pancakes after seeing her attempt, which she called a congealed blob. you're up to date on tv, online and dvb plus radio gb news. now it's time for fresh . fresh. well whether or not the conservative party is about to go back into a period of internecine warfare. all will be revealed the course of the next few days . we tend to obsess few days. we tend to obsess a bit about the conservative party in the media, although of course they rather obsess about themselves. maybe we don't pay enough attention to sir keir starmer and what he's doing in the labour party. now i want to give him ten out of ten for booting out jeremy corbyn. that i think is a very, very smart move. corbyn contributed more to that 80 seat majority with johnson

k. meeting to talk about berkshire. that is for sure. professor neal door to we appreciate you taking the time to talk with us tonight. we appreciate your insights. thank you. thank you. oh, are you ably no country in western europe has been more impacted by russia's invasion of ukraine than germany. the war forced germany to win itself from russian oil and natural gas practically overnight. germany also took a lot of fire last year for its cautious approach to supporting ukraine. your machines are all up shoals proclaimed one year ago that there was a new error for the country. we have more now, 5000 helmets. that was the help germany offered ukraine before russia invaded. then moscow attacked. within days, germany reversed its longstanding ban on sending weapons to conflicts owns with a historic speech buffered with the attack on ukraine with entered a new era in keith can he for odessa and maria poll, your people are not just defending their homeland. they are fighting for freedom in their democracy to, for values th

economy after berkshire hathaway reported weaker results in some of its key businesses.ng earnings fell 4% in the fourth quarter as higher prices hit this railroad. buffett says he is yet to see a time when it is right to make a long term but against america. that is your bloomberg business flash. >> bet against america and you could be taking a pretty big bet. we have been waiting for dragon endeavor. that launch for now has been scrubbed the kennedy space center, we will update you as soon as we get more on the reasoning why that has happened. if you are a bloomberg subscriber, hop on your terminal, we are on live go. we have all the details. you can listen to mission control. we have a pretty stacked day. the reaction, the first reaction we will bring you to this breaking news, it looks like there may be a deal to the brexit protocol with northern ireland. rachel reeves joined the team. that is in the next hour with anna and her team at 7:25. we will speak to russell hardy. of course, we have this movement in the oil market. we have the flows going and from russia to

today, warren buffett, one of the world's most successful investors, wrote in his annual letter to berkshireathaway that despite inflation, he remains confident about the state of the u.s. economy. adriana? >> michael george, thanks so much. >>> today in east palestine, ohio, health experts with the centers for disease control began a door-to-door canvass of their homes. their arrival comes three weeks after that toxic train derailment. last night people got to voice frustration in front of erin brockovich, a consumer advocate made famous by hollywood. >> reporter: environmental activist erin brockovich told people at a town hall in east palestine to keep calling for the truth. >> every community i've been going to for 30 years, it's the same run-around. >> reporter: since the train derailed on february 3rd and spewed toxic materials, residents have reported an array of new health problems. though authorities say air and municipal water tests have not detected dangerous levels of chemicals. >> they are worried because they've got coughs and respiratory problems. >> reporter: brockovich says

friday started — sunny, cold and frosty across the south, like this weather watcher picture shows in berkshireed, again windy, with outbreaks of rain. now for this weekend it looks like most places will be dry and mild as high pressure really exerts its force right across the country. but it will feed in some moisture—laden air with more cloud around, so sunshine will be limited. this area of high pressure on saturday will nudge a bit further northwards, so it should keep most of the weather fronts at bay, so i think it looks even drier across the north of scotland than what we've had over the last few days. and generally through saturday and sunday we'll be in this milder air mass, as you can see from the yellow colours. saturday looks pretty cloudy. we'll start off with more cloud across the south of the country, so no problems, i think, with widespread frost. stays cloudy through the afternoon. there could be some holes in that cloud to allow for some sunny spells — particularly north east scotland, north—east england faring best for that. winds will be light for most but still fairly breez

talking about other big financial companies we don't necessarily think of them that way include berkshireave been doing exceptionally well, and that's one of the reasons why if you're looking at xlf, you're carrying some of those winners, or i should say those winners are carrying many of the losers around i wouldn't express bearish bet particularly but if you are looking at the banks, then that could be regionals or the money sensors all of the points jeff was making hold valid, and i would target that area specifically. if i was going to lean on the short side >>> up next, your tweets and the final call final call >> announcer: "options action" look! what's up my trade dogs? is sponsored by thinkorswim by td ameritrade. you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> welcome back to "options action." time to take some tweets our first fan

why is it in berkshire perhaps? i don't know. what's in berkshire.shire? is the king in berkshire? yes. let word is windsor is all right. so the one we just say it's in windsor. why switch when it's in windsor. why switch when it's going to be in windsor? anyway, the prime minister will then political battle then face a political battle from lot brexiteers in his from a lot of brexiteers in his own party and the dup. if the european court of justice retains any jurisdiction a total over northern ireland, because the argument is that's not getting brexit done. well, speaking to our excellent camilla tominey yesterday, the dup sammy wilson told gb news that the deal would need to address the imposition of brussels law on northern ireland. what we do know is that there doesn't appear to have been any deal on the central issue, which affects northern ireland and. that is, the imposition of eu law. all of the problems that we face with not able to get goods from gb checks on goods coming from gp and the shops and to our economy stems from the fact that we

frosty across the south, fairly icy, this level —— this lovely weather watcher picture was from berkshire across northern scotland, for the highlands it is windier with outbreaks of rain but much milder as a result. i think a largely cloudy picture today compared to yesterday, more cloud developing across southern areas and patchy rain courtesy of this weather front affecting scotland where we will see most of the rain, but further patches of drizzle across western hills. much of the rain affecting the highlands and argyll but much milder compared to yesterday. some sunshine for the north—east of scotland, patchy drizzle for northern ireland, western england and wales at times, staying dry with limited sunshine across the south—east, winds later in the south, could be nine or ten across the south—east but the milder spot by far is the far north—east of scotland, 13 or 1a in aberdeen. stein blushed further rain at times across the north and west of scotland this evening at times across the north and west of scotland this evening and overnight, perhaps some light drizzle —— staying blustery

minister, rishi sunak, will meet the president of the european commission, ursula von der leyen, in berkshiren monday. the meeting is expected to revolve around the post—brexit trading arrangements for northern ireland; in a joint statement said they would work towards finding a solution to the dispute. chris mason has more. here stands the ultimate prize in all of these negotiations. this is stormont in belfast, the home of the northern ireland assembly. getting it and an executive here up and running again would be quite a moment. doing a deal with brussels does not guarantee that, but there are other potential prizes, improving internal uk trade and resetting relations with the european union. if we can get it over the line, we are on the cusp, we've made great progress, we are not there yet, but it would be a really important deal. and just critically, a deal that, with all the best will in the world and for all the progress that others have made, that no prime minister before had been able to secure. and senior voices in the eu are sounding upbeat as well. i believe there has been very s

the prime minister meets his european counterpart today in berkshire.