at an all time highs and yet you look at the most successful investor ever warren buffett berkshire hathaway's cash pile climbed to a record $128000000000.00 in cash after reported a 14 percent jump and profit obviously cash is dead money if it's just sitting there in a 0 percent interest rate war old he's not putting it to use he's not able to find i guess things to invest in but also on the other hand the fed is printing so much money so fast as processor jumping so fast like it's hard to even spend so this is like that the end game of this wealth inequality there's but there's that at the bottom of it we have a black hole like the people running faster and faster just the same place and the debt keeps on catching up with them and their interest rates are too. 20 percent and they're falling sinker faster and faster and today on the other side of the balance sheet of course is the top and they're there earning so much money that they can't possibly spend it as we recently covered this $4.00 trillion dollars this is $128000000000.00 of a half ways balance sheet they can't spend it because it's

left in the global monopoly game of which america is the boardwalk and park place certainly berkshire hathaway has missed out the stock market's on its here tear i saw somebody i think it was josh brown somebody in the investment community here in new york was saying like this is one of the most hated ever all time highs i've ever seen usually there's giant euphoria we've seen it many times people are ecstatic and it can never go down here you have a lot of very very successful big bankers very well known list of the stock market are all worried so i guess you always say stocks are climbing a wall of worry people are generally worried but sometimes when you have these chilling dollar valuations and you have the fed having gone through the printing of at this point over the length of this bull market which started in 1982 i mean suppose they probably have printed close to $100.00 trillion dollars of cash and given it to their friends on wall street they're friends of the fed and you just enter a period of lethargy there's really literally nothing left to do there's nothing left to prove there's

berkshire hathaway also cut apple, wells fargo, among other holdings.po's. we had a lot of other billionaires such as john ,aulson adding their positions one of the many additions to current holdings. these are very instructive to many in terms of what shares are favored by the so-called smart money. let's talk about the sayings that have been held by hedge funds. >> when you look at how they performed today, many of the faangs, they performed rather well, but we know a couple weeks back and in the middle of the waster, the momentum abandoned. a lot of these shares went down significantly. very interesting that one of the widely followed hot hedge funds is adding to the positions across the board for the fangs -- faangs. d1 capital is the hot hedge fund i'm referring to. also were many that lightened up on positions. notice also where hedge funds made big bets. it has a lot to do with the ipo. george soros, a very well-known billionaire, added to the p stumbled outo that of the block. david tepper transforming his hedge fund into a family office. he mad

berkshire hathaway, softbank and prudential will be reporting. su keenan has are look ahead. big week for earnings , the last big walk -- or offer the heavy earnings. the bank of england. also the reserve bank of australia interest rates. president she delivering a keynote in shanghai. check out the snapshot. notice the chance for take an index -- transportation index was strong friday. we were up with the big bang with a strong jobs report. let's take a look into the bloomberg. the dollar closed month with the worst monthly decline since january, 2013. that is the trend many are watching. in terms of earnings that are becoming -- that will be coming at us. big names, berkshire hathaway, prudential, softbank and brookfield property among big names to watch. yes and we mentioned this is a big week for earnings. bus a preview -- give us a preview. tech names, auto also retail. su: yes we really cover the spectrum of big industry groups with very big names that have been in the news. qualcomm, we are interested to see how the chip fab is doing in respect to the trade issues. the

that's berkshire hathaway's biggest position they hold and apple has been buying back a ton of cash. it as more of a consumer company but what they have been doing with services is interesting too. not how many eye phones iphoness you sell it is a constant evolution in terms of what buffett and berkshire are willing to do and how they play in the market in terms of what investments they're willing to make. >> you mentioned apple and berkshire hathaway invested in a number of tech companies at this point. given the fact that the company owns so many different entities across so many industries, how unusual would it be to actually see them acquire a tech company specifically >> you know, i think if you look at it, it is probably not that different than some of the other units they have. again, these are such broad-based, you're right, in so many different places this is like tti, another middleman had which sells lots of different skew and works with lots of different companies along the way too, lots of different customers. what is interesting about tech data, the middle men who are r

bank of america called todd combs, one of the top investors at berkshire hathaway.ffet thought he would bid more than $140 a share versus 130 apollo agreed to buy the company for. greg able, vice chairman, flew down to clearwater, florida, melt with the company and they had made a formal deal stream lined the entire process. took the contract apollo had, sweetend a few of the details. they didn't bring lawyers into it which is why it was able to move so quickly. that's kind of interesting, too. >> it's very interesting, becky. it also tells you what buffet's tactical advantage is in general, not just with this deal the ability to just kind of make a decision, take a look at the financials and arguably write a check within a few days and just get moving on that is something that i do think in typical deals is going to be an advantage and one of the reasons i think bankers would bring things to him first if they were looking for that kind of tidiness to an outcome. >> andrew, you've looked at it, too, in terms of private equity, what it means. >> the two things that a

we believe we're on a path to do that and like berkshire hathaway, you know, we're building a business that's really capital efficient. generates significant cash flow and is generating the industry leading returns. so somehow we showed up on the radar. we are just proud. >> have you ever been to the nebraska furniture mart which has unbelievable dollars per square foot. >> of course i have been there we look at everybody if they're a direct competitor or not, anybody with a level of success or something to learn from we walked the entire thing, yes. >> so this conference call did not include the fact that you're with buffett i would have loved it, but this is first time we had seen it i didn't know you had any association. if you studied his model you have learned a great deal about what he's done which is have really good prices but you also are not for the masses that's a little bit more of a mass outfit, right >> absolutely. and it's the highest selling furniture store in the world. >> it is well, you have to learn from that >> absolutely. >> you spent a lot of time talking about c

signify something maybe about the american consumer >> it is unclear who made the bet within berkshire hathawayit is a smaller position worth about $200 million at the end of the quarter you can see that stock popped on the disclosure up about 6.8%. part of the reason why you often times see buffett hold these name brand companies pretty immune from the ups and downs of the economic cycle. rh pretty tied to the high-end housing market at least they believe it can withstand some of the ups and downs of end of cycle behavior >> warren buffett, berkshire hathaway thank you very much. >> a wild end to the browns/steelers game as an all outbrawl erupts. speaking of football, could amazon ceo jeff bezos be looking to add a team to his portfolio more of what we'll be talking about coming up on the show. sundown vitamins are all non-gmo, made with naturally sourced colors and flavors and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. whether your beauty routine is 3or 57,... make nature's bounty hair skin and nails step

it is berkshire hathaway.rising after the company reported a record profit for the quarter, boosted by the state in kraft heinz. the company's cash piles continued to grow. taylor riggs has more. taylor: this is an incredible story. this is a company pulling in $65 billion in quarter end revenue for the top line, for the bottom line another record, $7.9 billion. you see the growth grow 2.3% on a year-over-year basis. profit margins at 12%, also a record for as far as i can see when taking a look at the company's financial statements. finally this profit was giving a boost by kraft heinz. about a third of the increase in the profits were berkshire finally locking in a $467 million gain. quartersts in the last as kraft heinz has delayed reporting its first have to results amid regulatory probes. in 2018 they took a $2.7 million right down and berkshire has admitted they overpaid and that 2015 merger between kraft heinz. sort of a short-term struggle but long-term still ahead in the initial investment. kraft hein

remember, we thought that berkshire hathaway might have been involved.ight have come in at around $130 a share, but now apollo coming in at $145. they are up more than 60%, so this has been a big jump for the company. we talk about the other end of were which we thought reports of berkshire hathaway come again, they have about 128 billion dollars of cash on the balance sheet. when we talk about berkshire and quarterly earnings, more and more, they try to find good investments of where to put this money to work. but they have set the market really does feel rich, so this were tryingy they to buy, but berkshire's cash flow continues to grow and grow. at least for now, it seems like apollo has won this round. romaine: this is a $5 billion, $6 billion company, not necessarily a household name. where do they get most of the revenue? taylor: you're right, but they seem to be a fairly global company. distributorholesale . read -- they sell to retailers, to marketers. we did just hear from the company in third-quarter earnings, they missed on top line earnings,

. >>> now moving to the u.s., berkshire hathaway has amassed a record $128.2 billion cash pile.buffetts firm reported third quarter operating profit ahead of forecasts supporting by consumer resilience which helped offset the impact of trade tensions it's been nearly four years since berkshire hathaway last made an acquisition which the stock blames on rising prices. >>> underarmour is under investigation over claims it shifted sales reports from quarter to quarter to boost results. the sports ware company said it is fully cooperating with the probes but still believes it's accounting practices and disclosures were appropriate ceo and founder kevin plaipg announced surprise resignation just two weeks ago under armour reports third quarter earnings today. >>> mcdonald's fired its ceo steve easterbrook following an investigation over a consensual relationship he had with an employee he said it was a mistake and given the values of the company he agreed with the board that it was time to move on. mcdonald's usa president will take over as the ceo >>> and for more on this story and

restoration hardware jumping 8% after berkshire hathaway revealed it owns 1.2 million shares of the retailer. that's worth $206.3 million. that makes berkshire the fourth biggest stake holder in rh. berkshire also announced an increased stake in oil producer occidental petroleum. the company purchased $332 million worth of shares last quarter, making it the 17th largest investor, trying to help occidental buy anadarko. that was the deal buffett struck to get in on occidental and provide them with some cash. it was not all good news, though. berkshire decreased its stake in three major companies. wells fargo, that's interesting, folks. buffett has supported wells fargo through i got to say, thin and thin. there hasn't been a lot of thick lately for wells. he also slightly decreased his standing at apple and phillips 66. even with the slight trim in apple, it still remains berkshire's single biggest investment by dollars. but buffett is holding on strong on names like bank of america, coca-cola and delta airlines. >>> with the bull market going strong and buffett still buying, what do our trad

berkshire hathaway it is sitting on a record $128 billion in cash, so lagging the markets with a boatt berkshire hathaway >> we talk about the xlf all the time it's the largest holding and it's one of the reasons why that thing is performing the bay is market is, despite some of the biggest bank stocks doing well i think it's an interesting situation. this guy has done the best things during crises i think he wishes we would have some form of crises. i think he probably has a harder time investing in big companies right now. we could use plenty of example, ibm over the last several years. >> does this sound like a company that you would invest in, what would you tell me >> it's interesting. if you didn't know the name of it -- >> if i told you underperforming the s&p 500, ceo is 89 years old, no clear succession plan. >> age notwithstanding, i would say probably not there are probably better places to be. but the bigger question and what we're going to delve into now is what does he see that's having him sit on a record amount of cash >> and not buying a lot of his own stock. that's t

ceo, a lot of letters now about the big stake berkshire hathaway revealed in -- but they revels in itt the r.h. ceo had to say. >> like berkshire hathaway, you know, we're building a business that's capital efficient generates significant cash flow. enjoys a low cost to capital and generating industry leading returns. somehow we showed up on the radar and just proud >> stock was a bit under pressure given the route in retail joefrl. but still up 51% this year karen give me your take on the stock. >> i -- i mean, it's got a giant short interest, right? so that's sort of interesting to me that tends to push the stock when good news happens as in forced covering. i don't know, it seems expensive. i would not be short it. >> you wouldn't. >> let oaf people are though, for sure. >> and they are, why what's the main. >> it's too expensive. the product is too expensive they're not continuing to grow like this. they are spending a huge amount of money on stores, rirltly on the stores themselves, i don't know if you've been one to one. >> i've within to one downtown with the restaurant. >> it'

warren buffett's berkshire hathaway on pace for its worst year since 2009.ompared with s&p's 29% game he grew tired of buffett sitting on his massive cash horde. are people questioning or does this raise questions because the oracle is in his advanced age, robert, and now a lot of these choices, right, are probably reflected by the next generation of leadership. >> i think it goes back to the old warren buffett saying, which is when others are greedy, be fearful. when others are fearful, be greedy and look, we've had 11 years, 12 years, whatever it is of people being greedy, making money, markets going higher valuations going way beyond the comfort level of any value investor and so he's sitting back and saying there's nothing worth buying plus, he's been bitten by the kraft heinz deal, which once he has admitted overpaying for that, it's really tough to work up the courage to then do something as big and move the needle -- >> and the rails i mean, rails been the weakest part of the economy. >> investments have been tough there's not a lot of the sides of hi

you mentioned berkshire hathaway, that one is large because worn buffet is sitting on $128 billion ofash as of his latest report. and he has often said he has held in cash and looking for an elephant -sized acquisition and the elephants are escaping in the cash word is building. so could he pay a little dividend, kitty paid up big would arguably. >> his ability to put cash to smart use. he could pay investors and still have an awful lot of money left over. i wonder if this is not a postwar and plan where the market will be very worried when he goes on ahead, do you think they're waiting for that moment to start paying investors? >> i don't know that it's certainly possible that investors could see a dividend in the post era. let's hope that does not happen. >> of course not. what do you think, should these comedies pay dividends? >> a lot is arrogance. stocks go higher, many companies have good returns and unfairness somehow good project that they can spend the money on but if the market stopped rising in the next downturn, investors will start saying hold on, you're sitting on this c

that reported against berkshire hathaway.ndon, tom keene heading over to anchor the radio. francine lacqua has the day off. we got news worth debating, the debate around fiscal stimulus in germany. the ecb is calling for the government to take action and germany is ignoring these calls. angela merkel's junior coalition partner of the spd is set to choose a new leader for saturday , spelling disaster for the grand coalition in germany. story.tart with the spd riske grand coalition at as a result of this vote saturday? >> i think one can say the situation is somewhat serious. to spd has never wanted enter into this grand coalition. they said a coalition with merkel is bringing them down and the support of their membership and voters, and they have seen that to go down. there polls have gone down to a 60% and they are worried about their existence. a large block of this party wants to get out of this coalition and it is unclear how this will turn out. walk me through how this process works over the weekend. we have three pairs f

. >> and restoration hardware surging at the open, buffett's berkshire hathaway revealing a new stakethe furniture retailer stocks are looking to make more history a day after the s&p posted its 21st record close of the year futures up on comments from larry kudlow about progress of trade talks in china, upbeat news about the consumer adding to positive sentiment. retail sale s rebounded in october .3 but strip out gas, it is a miss. strip out autos and gas, it is a miss as the three-month average continues to slow. jim? >> look, i -- there is just -- the mixed picture keeps making it so it is bullish. it is amazing. if it were too strong, we would have to say that jay powell has -- they still play by jay powell there is just enough tease with trade talk i have my view on what is happening now and it is not as sanguine as what people are saying this is about farm, about ag, and it is about -- this is my understanding, not necessarily about soy. a lot of pork involved because they actually don't have pork so, in other words, this is not one of those buys where they're making it so that

filing for the third quarter realed that berkshire hathaway has taken a position of moril than 1on smarsiler r the h used to be called restoration hardware. rth initially rose on the news closing at 175.22. >>> andike hikes dividend to 4.5 cents a share. the yield a littl over 1%. i don't know if boomers want to look at that for income. nick ee shares higher after hourse oing the loss from the regular session. us youplaint about the most of weather and the incorrect forecast. ibm is trying t fix that. it's combining the power of supercomputing with big data to provide far more accurate forecasts which is which businesses can use to make operations more efficient. steve liesman got a firsthand look.te >> rep in developed countries like the united states, our smartphones warn us of looming storms. bitter cold. or seerg heat but billions of people lack even bait base basic weather forecasts makin world a more chaotic and dangerous place. but in a historic marriage much big data and tisupercom ibm is launching graph today, a global high resolution forking model. providing forecasts not for a

well and specifically of rh used to be calledestoration hardware, whichow has a big fan in berkshire hathawaywell all of a sudden?r, >> it's a good question, bill. you know, home furnishings is a sehat consumers are interested in because the housing market is very stable. a it's ana that consumers choose to ctinue to invest in. it's being impacted by the tariffs. o. we heard tha mr. players like way fair issues far. but nonetheless we expect tha home furnishings will be stable threw the holiday season. >> michael lassar from ubs, michael, thank you. >> thank you very much. >>> and in the news tonight, day 2 of the impeachment hearing on capitol hill traders on wall street have been watching the testimony of former ukraine said she was removed from her post after what she called a ncerted campaign againer. reaction to her testimony pretty much followed party lines, ranging from compelling to irrelevant. >> the democrats running for the party's presidential nomination ar trying set themselves apart. we hear a lot about the progrediive ctes and economic platforms. medicare for all. wealth tax an

bigger will say $150000000000.00 deals with every $300000000000.00 i'm sure warren buffett also berkshire hathaway in a $600000000000.00 deal with some saudi prince at some point but it's all being taken private and that's just another stepping stone along the way that trend we've been talking about here for a few years and if they're spending $70000000000.00 and it's not their money they're borrowing that $70000000000.00 or.

apple right now in terms of its -- berkshire's stake in apple represents 10% of the value of berkshire hathaway right now. and you can see obviously it's been a big tailwind for berkshire stock. about but still not enough you have the modest underperformance there because perhaps because berkshire has tremendous amount of idle carbon the balance sheet not gaining value. kind of interesting dynamics it wouldn't have been a big deal if it got tech data. but interesting that they decided to throw a bid in nonetheless. >> i guess, mike, with the massive cash balance that warren buffett has at the moment that's more of a call that he wants to have the powder drien if and when there is a market pullback as opposed to bidding up for something that relatively speaking has had a deeson run and he fanned the price as it were. >> although i don't know he would wait for a broad market pullback but clearly deal by deal he is not finding great opportunities where he sees a lot of value out there to be able to turn cash into a business. there is no doubt about that that the market has run away from him in tha

and bigger will say $150000000000.00 every 300000000000 dollars i'm sure warren buffett also berkshire hathaway in a $600000000000.00 deal with some saudi prince at some point but it's all being taken private and that's just another stepping stone along the way of that trend we've been talking about here for a few years and if they're spending $70000000000.00 and it's not their money they're borrowing that $70000000000.00 or $7070000000000.00 against the assets of walgreens boots i.e. the pension funds of all the employees the buildings in which walgreens lives they'll just sell 3 it all off pay themselves a huge dividend leave the $70000000000.00 of debt with the public shareholders when they've bring it back to the market and dump it on our pension fund leveraged buyout just to be clear you're you're pledging the assets of the company to borrow the $70000000000.00 in this case from the central bank that will charge you nothing for it then you make the acquisition then you make a few spin offs like the pension accounts to pay back that debt and you keep the keep the rest i mean that's what ray

but, up 14 points this morning on the s&p >>> warren buffett berkshire hathaw hathaway operating profitysts expected berkshire also says it ended the quarter with a record $128 billion of cash on hand. that was up from 122 billion i think last quarter and also came after the $10 billion that berkshire pledged to occidental. just shows you if you're a market watcher and sit and think, they have been looking and looking for acquisitions he and charlie munger would both like to do acquisitions but only at the right place he has said for a whool he doesn't see the right price. he's been loading up, putting additional stock into the company of shares of companies he likes including apple which is now the company's berkshire hathaway number one holding. >>> the other big story of the weekend, after years of planning and several stops and starts along the way, saudi aramco formally announcing its ipo. they announced yesterday with the aim on trading saudi arabia's stock market by december there are very few details we should tell you other than that this is happening. aramco could still be the

the 13f for berkshire hathaway has been released. that is one everyone eagerly anticipates.ave been changes to the portfolio. they have reduced for positions. we have apple reduce, not in a big way, but it was a cut to apple's position. a bigger cut to wells fargo. the reduced they are in syria satellite and phillips 66. into occidental petroleum at the piece of that was the funding deal for anadarko. and then, the former restoration hardware. thigh.e added shopper -- shopify. took away its unitedhealth position. managementase: tiger get in on quite a few ipo's. we will be watching for other breaking 13f's and we will bring them to you shortly to see what some investors have been doing. in june.an ended -- when it ended in june. caroline: let's turn our attention to more earnings. walmart is pulling out a win. shares slumped after hitting a record high earlier. it closed on the today up 1.3%. our reporter joins us from washington. we did not get euphoria in the share price, but we did see real execution. what is the winning formula they are managing to pull out? >> the stron

berkshire hathaway has enjoyed the best quarter ever with operating profit topping a record of net income $52 billion. that makes it the most profitable company in the world with $120 billion in cash. berkshire has a wide interest from energy and insurance to car dealerships and jewelry. class a shares are up 6% this year while short of the 22% gain in the s&p 500. haidi: top apple chip supplier says it expects significant growth next year amid strong demand for 5g handsets in new iphones. the chairman says sales will rise from a year earlier as demand increases for the latest smartphone in the coming months. the trump administration in the meantime has urged chipmakers teamwork in the u.s. they say it is not a tenable solution for worries about security. shery: the chairman of thai airways has quit as they continue to stem deepening losses. the airline has instigated a tough plan that includes a review of 40 aircrafts and has been forced to rebuff liquidity problems. second quarter losses, more than doubled amid the widening global slowdown, regional competition, and the strengthening bo

liz: berkshire hathaway, unitedhealth group and church & dwight. that you're not saying overpaying. cteristics you like. they came out with earnings. berkshire has more sales than amazon. >> that's right. pretty impressive. i think for us we're, berkshire is a standby fund if you will. they have a ton of cash. a fourth of the market value is sitting in cash. if there is any type of downturn in the market, they are chomping at the bit to put the money to work. they're pretty creative. whether selling a put like they did 10 years ago, taking money from someone scared about markets, or working with a energy company. there is a lot of things they can do. by the way, their base business keeps clicking along. insurance, utilities, railroads. it will not crush the market on the upside if there is any downside they will do okay. liz: they have exposure to lot of different businesses. certainly keeps you afloat. great to see you. as we watch, i think we're going to for mike bailey, cue up of the fireworks. a second straight record close for the dow jones industrials, up 23 points. that is a r

>> berkshire hathaway. about the stock that often. >> yeah. >> it's approaching a major breakout point if it gets above 225, that has been resistance. stock has been consolidating for all of 2018 and all of 2019 and we are at the upper end of that range. notably, the company has now $130 billion of cash on its balance sheet. a lot of people would look at that and say even if there's a market event, even if there is a correction, whatever the case may be, berkshire is now in the best cash position it's ever been in. this is precisely the type of financial company that could actually take advantage of a storm in the market. it's an interesting stock from both perspectives. brkb keep an eye on that as it breaks to 225 there are no sellers nobody is down in the stock. i think it's pure blue sky from there. >> do you see it as more of a defense east of play longer term then >> it's not really defensive in the sense of a bond being defensive. >> yeah. but i mean cash pile, the fact that they have so many differen

. >> we got a news alert on warren buffett's berkshire hathaway >> it shows what the fund manager didear. most notable i would say from this filing is a stake in rh, restoration hardware worth about $210 million at the end of the quarter. 1.2 million share stake. so small by berkshire hathaway standards but nonetheless causing that stock to pop about 6.7% in after hours trading. parred back a stake in apple and octobercy de occidentsal petroleum. wells fargo, they parr pared is stake back he keeps getting up to the threshold. i think we can read this more as a portfolio adjustment as any kind of negative sentiment regarding wells fargo. >> a lot of buy back going on in the banking space so he has to trim a little bit to keep below 10%. what about any kind of signs of cash levels overall whether that's come down significantly or not >> i'll get back to you on that. i'm not sure we haven't had a chance to pull the cash levels out yet. he has taken some new stakes and paring back is where he's deploying capital. to give you and exact number i'll get back to you on that >> still to come f

a record quarter for berkshire hathaway.ant delayed reports in its first half numbers. that is your bloomberg business flash. lucyine: we are back with and rick. we talked about trade and trade concerns. a little bit of optimism on things to come. let's talk about earnings. lucy, you watch earnings day in and day out. what does the last season bring? how have the margins held up? -- have the margins held up? >> overall. some of that has been trade and some of that has been from wage pressure. certainly among the consumer end of it, the estimates were fine. companies made most of the forecast. down.e basics, it was not really disappointing but weaker. no real surprise. we have been exciting this all year. investments have been coming down in those areas. broadly, it has been better than expected. francine: where do you see value? >> globally, you can see value in health care. that is an area where the earnings season was positive. that is a good start. in the u.k.,alue unsurprisingly. that may stay for a little bit longer. an

the city needs to make it extremely clear moving from pg&e to berkshire hathaway is a net negative and something the city will not support. especially in light of the "washington post" reporting this week about the impact that pacific gas & electric has had on the governor's career. i think that the city making its position known in the world of our politics is critical. lastly, i would say in the world of increased wildfires and kind of utility incompetence, our grid reliability requires distributed generation where possible. clean power sf needs to move in that direction going forward. thank you. >> any other public comment? mr. kelly. >> quarterly audit and performance review. charles pearl. >> deputy chief financial officer. can i have the slides, please. this next report is on the audit for the first quarter of the current fiscal year as we are showing here we have 24 audits so far in the current year, 12 in progress, eight upcoming. we have completed four of them. in terms of the audits in the past quarter our work force development and community benefits is under audit. in terms

i really don't want to let nancy pelosi run berkshire hathaway. thank you.ould like warren buffett to run it. charles: she says they're great at that thing. they're absolutely phenomenal at that but money these companies make, maybe it could be distributed in more balanced way. the ceo doesn't have to make 400, 500, 600 times the worker. it is resonating on main street. what do you say to someone who says maybe warren has a point? >> you know, maybe she does have a point. if you read this zuckman book, you sankey what they're saying. they say don't interfere with business and business response to incentives. you want to make sure these people don't lose it. once you allow these people to take over the economics of the world, you will lose all the benefits of capitalism as we have it. you will have one tier system where politicians doing it, running businesses. jeff bezos, what is he worth, 80 billion? you know that is not his money. that is not what he will be using. he can't consume that much anywhere. 50 years from now, no one even remembers his name. what

you mentioned berkshire hathaway, that one is large because worn buffet is sitting on $128 billion ofhas often said he has held in cash and looking for an elephant -sized acquisition and the elephants are escaping in the cash word is building. so could he pay a little dividend, kitty paid up big would arguably. >> his ability to put cash to smart use. he could pay investors and still have an awful lot of money left over. i wonder if this is not a postwar and plan where the market will be very worried when he goes on ahead, do you think they're waiting for that moment to start paying investors? >> i don't know that it's certainly possible that investors could see a dividend in the post era. let's hope that does not happen. >> of course not. what do you think, should these comedies pay dividends? >> a lot is arrogance. stocks go higher, many companies have good returns and unfairness somehow good project that they can spend the money on but if the market stopped rising in the next downturn, investors will start saying hold on, you're sitting on this cash, we should put some of that in m

barron's last week noted that a sale of walgreens boots to berkshire hathaway could be interesting.at that $128 billion was burning a hole in buffett's pocket. liz: he is dying to spend that money. it's all he thinks about. right? reporter: this could be a potential for them. but berkshire, mum's the word on that. liz: always, right? jackie, thank you very much. jackie deangelis from the floor of the new york stock exchange. putting it all, and i mean all, on the line. with the closing bell ringing in 41 minutes and the dow clinging to nine points of gains, we know on this veterans day you have heard a lot of veterans' stories. but we've got a trifecta that will floor you. here in studio, army master sergeant george vera, paralyzed after being shot four times during an attack in afghanistan. the purple heart recipient, not letting anything stop him from turning injury into athleticism. how he found a whole new way to represent his country and the little girl who inspired him to do it. he's here live on his journey from the battlefield to co-captain of team usa to take the invictus g

that policy has been cited as some of the big reasons warned buffett's berkshire hathaway energy and put to -- another potential pg&e buyers are not making bids for the company. let's take a look at the equity in the bond price action here inside my terminal. in blue, the equity market on the left now down to seven dollars a share or so. bond prices acting differently. we are rising. we want to see how that ends up settling. our analyst are saying this inverse condemnation ruling, which was expected, this does remain the key hurdle for this company exiting bankruptcy. romaine: taylor, this puts pressure on pg&e to do more about preventing fires in the future. what do we know about the way they have been shutting off power in california over last few weeks? taylor: there was a lot of controversy about them shutting down power in anticipation of they quite and a lot of buyers and hoping that would prevent some of the outbreak. people in san francisco had mixed out -- had mixed reactions, but they are defending their stance, saying it likely prevented 190 instances since late october wh