plus, it's berkshire hathaway screaming buy with or without the oracle at the helm. that's what one analyst says, and he's here to explain why berkshire could rally 15% higher from here. later, apple is on a tear, officially exiting bear market territory and why apple's rally could soon come to a screeching halt. a chart you've got to see. we start off with what was a very big day for stocks and s&p and fed chair janet yellen said caution and rising rates is warranted -- raising rates, i should say and take a look at the risk-on moves. biotech and small caps seeing huge gains on the day so with free money seemingly now forever, what do you do with your portfolio now. tim, why don't you kick it off. >> mere mortals don't mess with central banks, that's the message and what janet yellen said not only are we worried about what's going on around the world we might be worried about u.s. corporate profits, good idea and we're worried about that as well and when you get down to it the pressure that comes off the dollar, brian has an interesting chart later hon in the show an

plus, it's berkshire hathaway screaming buy with or without the oracle at the helm. 's what one analyst says, and he's here to explain why berkshire could rally 15% higher from here. later, apple is on a tear, officially exiting bear market territory and why apple's rally could soon come to a screeching halt. a chart you've got to see. we start off with what was a very big day

. >> in april this year, for the first time, berkshire hathaway's annual meeting is going to be webcast. people won't have to be here live, which has been -- >> i will. >> but they'll be able to see you and your partner, charlie monger. why is that? >> well, there's two reasons. one is we've sort of run out of space in omaha. we're getting over 40,000 and it's a strain on facilities. but beyond that, i think if you're in a business and your managing partners are 92, which charlie is, and 85, which i am, you probably ought to get a chance to see him. and a lot of people can't come to omaha. you know, it's expensive to travel here and all of that. so we'll be on for six hours, and people with decide whether we really should be cutting out paper dolls or running berkshire. >> i want to thank you so much for your time. really peesht appreciate it. >>> up next, we're "on the money." from working from home and a job to working for a silicon valley tech firm. how one nonprofit fueled a young man's journey. >> if someone told me three years ago i would be doing what i'm doing today, i wouldn't

most of it is held by berkshire hathaway or subsidiaries of berkshire hathaway.continue building his state and the lender, yes the past a federal reserve review, which i'm guessing warren buffett could do. vonnie: i think you probably could. jonathan: can we get back to that price target of berkshire? matt: 230 $3000, but brian meredith says it is worth $244,000. jonathan: let's get to today's big deal. big monopoly.'s mak the company is buying dow systems for about $3 billion. we're joined by jeff mccracken. gekk?ll it now jeff: dell is buying emc, a data storage provided it is the biggest deal for dell. they are in the process of selling off about $10 billion in assets t that are not quite cout to them. this is something they bought that mostly in 2009 when it was perot systems. they spent about $4 billion. they are selling a big chunk of it and getting about $3 billion back for it. it does not see much of was the best deal for dell in its history. vonnie: they don't seem to care much about money these days. in the tech space, that's the biggest ever. the perot

it supposedly using the berkshire hathaway chairman model, using insurance incomes to fund wider deals they strike a deal for starwood hotels, it would mark one of the largest acquisitions in the u.s. by a chinese company. worth noting, starwood would have to pay a $400 million termination fee if it walks away from this marriott deal. rishaad: thank you. more detail on that in the course the show. we want you to tweet us your thoughts. include #trending business. brookfield asset management and chief holdings have a great to buy austrian raylan port operator for just under $7 billion. more from sydney now. we talked to paul allen. this is a long-running saga. is it finally coming to an end? paul: it's been dragging on for seven months now. you,tics company, asterisk and brookfield asset management making increasing bids for relevant port operator. much to the delight of the shareholders. however, back in february, brookfield and cuba agreed to make a joint bid for as now know, and here it is. unveiled today, worth $6.8 billion. values at $9.28 per share. 4% premium over monday's close.

the lions share of the stock has held at berkshire hathaway and subsidiaries. around $24 $25. the stock is close to $50. he has had it for several decades building it for years. it is a stock that has done quite well for him. it must have happened around the financial crisis time, not with warren buffett perhaps but with some investors. noah: this is an issue that has come up before. in 2008 some private equity firms were looking to take larger stakes in banks. it was an issue the fed was weighing back then. it also happened for buffett and berkshire. he owns about 15% of american express. in the mid-1990's, made a pledge that he would be a passive shareholder and vote along with management. betty: in terms of him accumulate in his stake in wells fargo, are there indications that he might go ahead and do that? noah: that he will go past 10%? betty: yes. that he will look to accumulate shares. noah: that is a great question. what we do know is that wells fargo is the bank he likes best. warren buffett likes to concentrate his bets. a couple of years ago you inte

plus berkshire hathaway upset stake in wells fargo.ch is the best bank for your buck and we're trading to home fielders today as numbers impress. we'll see you in about 15 and be at the economic club for this speech everybody is waiting for. >>> there's only one thing everybody on this floor is waiting for today. yellen. yes, janet yellen. that's what they're waiting for. doves, hawks. dovishness, hawkishness. it's all about foul language, isn't it? that's what it is going to be about today. indeed, doves or hawks but i think the fed personally is looking for financial utopia. that i don't think really exists. the fed ideally would like to wait until everything is so green at the intersection that everybody who is driving quickly in the equity markets trying to get to the long side of the boat. they want to be long. they want to raise rates and they want the market to like it. that ship has sailed if indeed it was ever on a maiden voyage to begin with. there is no financial utopia. and i think the fact that the fed has brought in globa

yesterday we spoke to berkshire hathaway ceo warren buffett.e gave when it comes to buying stocks. >> american business will do fine over time. if you own a piece of it and don't beat yourself. the only person that can cause you to get a bad result in stocks is yourself. joinings now is the chief investment strategist at raymond james. jeff, what do you think about what warren staid? >> i think he's absolutely correct. if you look at the growth of book value in warren buffett's stock, berkshire hathaway, it's proven the test of time. >> anybody who has bought the general indexes just over the course of this year has lost money, though. what do you think is going on? do you think there's an end in sight? is there a point in time when stocks not only stabilize but start to rise again in the near future? >> yeah, i think you put in a double bottom in the stock market, the model actually got it right on february 11th at the bottom. we had a 7% rally off of that low. that used up a lot of the market's internal energy. we said the beginning of last w

if i were teaching a course in business the berkshire hathaway annual report would be in the syllabus. it is a clinic no one wants to part with. you can learn more than you have a right to. they could charge a fortune. fist things first i have been recommending the stock. why not? the stock of the greatest investor of our time. runs against the cramerica grain. he runs fabulous businesses from geico to the railroad energy value added chemicals and metal fabricatinging operations and a host of other too numerous to there's a complete acquisition we'll talk about next year at this time. he owns shares in great companies and some les er ones, too. with the cost basis that's to die for. ibm, wells fargo. he backed up all four managements with the statement that these four investments produce excellent business and a run by managers who are talented and shareholderer friendly. if you are looking for criticism of ibm and american ex press don't matter. warren buffett is fine with them. he's on board. he's also happy with another under performer, bank of america. he has a huge stake in it. h

he just sold one of his biggest debt offerings ever, $9 billion in corporate debt from berkshire hathawayi don't want to be on other side of that trade. i'm delighted as berk share shareholder not to be bondholder. liz: you look what he does. he his favor the days are ones we see 100, 200 points to the downside. >> blood on the street. liz: what i wanted was cheap now. so why not get in? >> $140 billion voted against warren buffett's strategy. i think i go with warren buffett. liz: last you checks right? >> last i checked. liz: are you worried about the fed raising? will it hurt? >> fed begun to lose confidence the markets. seven, five, four and three, they did a pretty good job. actually most couple years. zero interest rate, no the a good idea. liz: where were you nine years ago when the market hit bottom, march 9th. >> right here? fortunately made some money since then. liz: because you went in. mike, great to see you. mike holland, holland and company been a friend of this network since we were a baby one day old. fifth bump. on the seventh anniversary of the start of the bull market

warren buffett is offering $1 million a year for life to any of his employees at berkshire hathaway ifall of the sweet 16 teams correct in the ncaa tournament. if that wasn't cool enough, he will award $100,000 to the employee who win's his company's overall bracket pool. jeff zucker, your move. hey, look. >>> that is marshawn lynch wrapping while riding a camel in egypt. he was there participating in a program called american football without barriers. a program where disadvantaged kids are educated about football and where hump day comes early for nflers and rappers. >>> the l.a. clippers introduced a new mascot. chuck the condor. he wears chuck taylor sneakers. chuck is a peculiar looking fellow, but at least one person thinks he's a slam dunk. team owner steve ballmer. not bad for a 59-year-old. the former microsoft ceo owner steve ballmer is 6'5". i don't know that he needed a trampoline, christine. >> he's tall and rich. >> you can dunk whenever you want. that's the lesson here. thanks, coy. >>> millions of owners across the country are learning that today is super. super tuesday

as we await the fed chair, let's turn to one of the other big stories of the day and that is berkshire hathaway growing it's position in wells fargo. that firm now has a 10% stake potentially welcoming more federal oversight. there's berkshire's stake now. wells far fwogo. is this the best bank for your buck. >> that's the most consistent. that and u.s. bank have been long-term holdings for him for a long period of time now. it's incredible. he loves earnings growth. they've got that. he likes their business model and 54% of their business is in lending. he likes that. there's a lot of reasons why but when you look at the performance and what wells fargo looks like, it really has been a bit of an underperformer and that's been a huge problem. obviously mr. buffet had a few of the stocks this year underperforming but you can understand why it's a core and that's why he had it for so long. >> this was a stock that was downgraded just last week. >> ubs. we talked about it. >> we did because he were concerned about their exposure to the high yield market. >> and we disagreed with the call. we talke

warren buffett released his annual letter to berkshire hathaway shareholders this week. lyzed has letter on bloomberg tv and spoke with several other sages about coping with unsettling levels of uncertainty. matt: warren buffett's annual letter went beyond berkshire's nuts and bolts and into the state of presidential politics. he said the rhetoric on the campaign trail has been negative. "as a result of this negative drumbeat, many americans now believe their children were not live as they themselves do. that view is dead wrong. the babies being born in america today are the luckiest crop in history." that is a strong statement. noah: it was quite forceful. we have seen this kind of language from buffett in the past, but he went above and beyond in this year's letter to discuss why he thinks america is so great, and it really boils down to the fact that we have a capitalist system that keeps marching towards more and more productivity. for buffett, that is just the key factor. he said basically to shareholders, but he is speaking to a wider audience here, that we should p

at 83, warren buffett says he wants to stick with what he's good at-- running his company, berkshire hathaway-- so he's given the bulk of his fortune to the bill and melinda gates foundation so it can be used to reduce global poverty and disease. as for the other pledgers, they're tackling an impressive in south africa, early detection and treatment of brain cancer-- and some interests that take on a more political tone: tax reform in california and the national debt. but as bill gates discovered when he left microsoft, going from making money to giving it away isn't always easy. an example of just one of the lessons he's learned-- it doesn't matter how effective a vaccine is; if you don't package and deliver it the right way, it will not do any good. i guess there's a learning process, too. >> melinda gates: absolutely. >> rose: because you feel like, "how do you do this even if you're inclined to do it?" >> bill gates: it's almost disconcerting to switch to an area where you're back at square zero a little bit. and the measurements aren't quite the same as in the business game. what you're

berkshire hathaway closing in on an s.e.c. filing. it raise the its stake in wells fargo to 10%. berkshire owns more than 500 million shares, worth nearly $25 billion. in the filings, warren buffett saying the company has no intention to change how wells fargo operates. >>> "the wall street journal" reporting the s.e.c. is looking into sun edison's disclosures to determine whether the solar company exaggerated its liquidity last year. at the time, sun edison said it had more than a billion dollars in cash, but the journal says most of that was cash that the company couldn't actually access and the balance had dropped to less than 100 million by last november. origin technologies has pulled its takeover offer for affymetrix. the maker of the gene sequencing products said the bid wasn't superior. a little share reaction there. down less than 1%. >>> more stocks to watch. virgin america has reportedly received takeover bids from j jetblue and alaska air. analysts say it could make sense for jetblue, which is looking to expand on the u.s. west coast. >>> synnex revenues miss forecasts

they talk about the berkshire hathaway model and basically they are asking the ceos to run their own companies but they are still reporting up to larry and still reporting under the alphabet structure. and so i think that they are still trying to figure out what that means, if these companies will be fully independent and what happens if they go under. i don't think anyone has an answer right now. >> they need a -- if you go back and look at berkshire, it's the fact you can find c's candy which took little investment over the years, threw off tons of cash and hugely scaleable. >> let's face it berkshire h hathaway buys proven companies, not a lot of unproven new technology and new business models and untried ceos or products. there is that big difference between the two. >> yeah, they are not self-driving cars that warren buffett is invested in and no one tried this smarthome technology and there are a lot of people that believe it will be the future, connected devices will be all around us. nest is pretty well positioned although apple and amazon are clearly two of the biggest compe

berkshire hathaway was an insurer.t is it tell you that the best performing sectors of the only ones in positive territory? commodities were completely bombed out. taking one test quarter for isolation is a little bit leaving. we had a nice rally and oil prices back up to $40 and we now have net positioning at an all-time high. i am not a real believer in the rally. i think it is a corrective rally. we have bigger problems, can the saudi's maintain their link? an interesting fact, which currency market in 2015 increased it central-bank reserves the most? it was russia. because russia allow their currency to freely from, depreciate in fact, russia came disastere commodity last year relatively well, whereas in the middle east were currencies are fixed they have huge drains on currency reserves. so one of our forecasts is that the saudi real will have to go. anna: there are positives for the countries involved for allowing the currencies to flee from ashley -- free float. up next on the program the world's worst-performin

the other one i would watch is berkshire hathaway getting an initiation from ubs with a buy ratedingith $234,000 price target. that's up about $34,000 from the current price. >> just 34,000. >> well, it's about 15% upside. basically be an all-time high for berkshire. this is fascinating. we talk about buybacks, the warren buffett philosophy on this is not what you would expect. he's not necessarily against it. thinks it could make sense. saying if a company can't grow a dollar, it should not retain a dollar, it should give the capital back to you to do something with it. berkshire indicated 1.2 times book value is where it could get involved in the stock if it felt like it was trading at those levels. some are putting that as a floor in the analysis. profit improvement at geico. we talked about the challenges coming up with driverless cars. for the time being, geico continues to be a profit center. >> you have to like the railroad business at this point, too, if you want to like berkshire. if you took what burlington northern santa fe, if that business lost value like other stocks di

. >> i did represent in congress the original berkshire hathaway building it's in the city of new bedfordou go. massachusetts, your state looks like it could be going for trump today. >> i gather that. i've seen this. when i was in the legislator and a lot of liberal moderate republicans, ed brook, former governor frank sergeant, but the massachusetts republican party followed the rest of the party to the right with some time lag. we have a story in the boston herald, the kind of ar dentally republican paper, that the governor of massachusetts is in somewhat of a quan dri because he doesn't want to be a trump delegate but that may be all of the delegates you get. >> these are proportional today. after this it gets to be winner take all. you've been saying you think this is a trump/cruz race. at this point wall street as we've heard from other analysts, they just want to know who the candidates are going to be. it seems like they would be rallying behind trump here even if he's the somewhat unexpected front-runner out of the pack. >> it's going to take a while. this is not the end. this is