you have everything from warren buffett lulling berkshire hathaway to go into an ipo. -- allowing berkshire hathaway. that is all you need to know about banking and capital markets activity right now. is it positive to see them doing so well in global asset management and is that the place you want to be right now? cole: to your point about the wealth management, it is a very consistent business. going back to the wells fargo conversation. that does limit wealth. it is a consistent business. at the same time, you can fetch a nice price for a wealth management business today. let's say we wake up in a world in two years where equity markets have done poorly and bonds have done poorly. those businesses will not fetch the same price. wealth historically has not been as strong as it pertains to operations. it has been a traditional residential lending bank. they are the best at real estate in the u.s. historically speaking. that could be a lever that they could pull. if you are jp morgan, if you are goldman sachs, that is not the same. any of these banks are buying assets because they want to g

of using kre versus xlf you don't have some outside exposure to single names you don't have berkshire hathaway, some of the names not as interest rate sensitive the call calendar here, as mike said for the kre, is more of a value play and the calendar is suitable for that. you have a slow grind to the upside i like mike's price of $43 because you have recent resistance at that $43 level and the november 43 calls are offsetting more than half of the calls. i like this on all accounts. >> let's turn from banks to beds and dining room tables and bookshelves. wayfair reports this tuesday if you are looking to get into the action, pull up a chair because tony is ready to assemble take it away >> we have talked about home builders, but i like wayfair going into earnings. i think they will show up as the shift in home improvement. if you look at the chart itself, it has been between 240 and 320 since the beginning of august. we are in the bottom of that range. i see earnings as the catalyst that needs to bounce off this support level. he would already saw some of that today as wayfair tested the 240

they get to the suburbs some home buyers are taking a look at oakland says sandy porter of berkshire hathaway homes. >>it just says he actually says that includes fixer uppers as well as turnkey properties even in deep east oakland people want to come to these something because they see their where people are the higher price bay area, real estate market also doing well for example fire area and will be held. >>yeah average date the market are about well. you know home they're looking at in a million dollar man who may have >>has made you kron 4 news. up next we're getting closer and closer to the vice

they get to the suburbs some home buyers are taking a look at oakland says sandy porter of berkshire hathaway homes. >>it just says he is hot and hope she says that includes fixer uppers as well as turnkey properties even in deep east oakland people want to come to these d something because they see still their neighborhoods where people are on the higher price bay area, real estate market also doing well for example, partner in area and will be held. >>yeah average date the market are about well. you know home, they're looking at in a million dollar man who may have been >>has made you kron 4 news. >>still ahead a proper morning news, many families are wondering what's next as they return home to wildfire damage. we'll have details on the resources. sonoma county leaders are now for life. and before we have to break we're checking in on the bay bridge where the traffic looks pretty nice and smooth and quiet into san francisco this morning. but i am tracking a trouble spot in the south bay. i'll tell you exactly where coming up after the break. >>welcome back to the kron 4 morning news, time

they get to the suburbs some home buyers are taking a look at oakland says sandy porter of berkshire hathaway homes. >>it just says he is hot and hope she says that includes fixer uppers as well as turnkey properties even in deep east oakland people want to come to these because they see where people are the higher price bay area, real estate market also doing well for example of the fire area and will be held. >>yeah every day the market are about well. i need a home they're looking at in a million dollar man who may have been >>has made you kron 4 news. >>next at 3 republicans are moving full steam ahead to confirm judge amy coney barrett to the supreme court. this despite the rising number of covid cases on capitol hill. plus the impact wildfire smoke could have on a billion dollar industry in california. and that's what we can look forward to in toni >>well tonight, the vice presidential candidate senator kamala harris and vice president mike pence are hitting the stage for the one and only vice presidential debate crowd for us not heredia is live for us now in the newsroom with a look ah

decliner today some of the movers at this hour, shares of dillard's have been soaring today after berkshire hathawaytfolio manager ted wechsler disclosed a 5.82% stake in that department store chain the shares are not a berkshire investment they are held in a trust for the benefit of wechsler's family members, and that stock is now up 39% it was up 49% at one time. shares of ford higher on an upgrade to buy from hold at benchmark company. the bank pointing to a new management team, better than expected third-quarter earnings and momentum from new products ford today up 6.4%, a smart move there, and shares of pepsi are higher on an upgrade to buy from neutral at citi, this on an expectation of improving profit margins here in north america as well as strong organic sales growth relative to its peers, and we know who those peers r.pepsi is up more than 3% at this hour. now to sue herera for our cnbc news update. hey, sue. >> hello, bill good to see you. here's what's happening at this hour, everyone democrats at today's senate confirmation hearing for supreme court nominee amy coney barrett are not co

investors are buying dillard's stock, web bush increased its price target to $49 after berkshire hathaway investment manager ted wexler -- one of two traders entrusted with warren buffett's massive stock portfolio -- he disclosed a $1.1 million share in the department share or personally, not even for berkshire. that makes ted wexler the fifth largest shareholder. that stock is powering ahead by 31%. now, at this hour back on friday twitter, i don't know if you guys remember this, but it had taken a dive. in a reversal of fortune at this hour, the micro-blogging service getting a boost after deutsche bank upgraded the stock to a buy, raised its price target to $56 a share. it's jumping to $48.34. and, yeah, let's get to the super tech tuesday. investors are polishing up their credit cards ahead of tomorrow. amazon kicks off prime day 2020, its two-day sales event when it offers discounts and savings across the platform. amazon is jumping 5.6%. looked at apple, up 6%. punched a one-month high ahead of tomorrow's unveil of the much-awaited first generation of 5g phones likely to be called i

they get to the suburbs some home buyers are taking a look at oakland says sandy porter of berkshire hathaway homes. >>it just doesn't is hot and hope she says that includes fixer uppers as well as turnkey properties even in deep east oakland people want to come to these something because they see their where people are the higher price bay area, real estate market also doing well for example i'm an area and will be held. >>yeah average date the market are about well. and you know home they're looking at in a million dollar man who may have been >>has made you kron 4 news. >>and we've got the clouds rolling in now will we see a proposition 16 takes on discrimination. some women make as little as 42% of what a man makes. voting yes on prop 16 helps us fix that. it's supported by leaders like kamala harris and opposed by those who have always opposed equality. we either fall from grace or we rise. together. proposition 16 provides equal opportunities, levelling the playing field for all of us. vote yes on prop 16. about the covid-19 virus. it's real. and it's dangerous. so, on behalf of all of

they get to the suburbs, some home buyers are taking a look at oakland says sandy porter of berkshire hathawayis the is hot and hopefully actually says that includes fixer uppers as well as turnkey properties even in deep east oakland people want to come to these d something because they see still their neighborhood square. people are the higher price bay area, real estate market also doing well for example of fire burn area and will be held. >>yeah every day the market are about well. you know home they're looking at in a million dollar man who may have been >>has made you kron 4 news. >>a 24 and coming up on the kron 4 morning news coronavirus infects to staff workers at the state capitol in sacramento, so what is the governor saying about it. and next early voting is underway across the bay we're going to see how election officials in san mateo county our care for thousands of mail in ba >>27 right now we want to take a peek at the weather. yeah, good morning john good morning guys a great start to the morning little on the cool side, but overall we have a lot to look forward to later today

it also gives them the float, the premiums coming in ala berkshire hathaway to reinvest in businesses. berkshire figured that out five decades ago. >> yeah. >> that idea and if elon musk had inbound premiums on insurance from his own drivers that he knew better than any insurance company and he can reinvest that on colonizing mars or whatever he wants to do, that's a more interesting version than what progressive is doing. >> we'll keep an eye on that more discussion to come. i want to pivot back to to the industrials. are we seeing a glimpse there of the stronger underlying economy that perhaps you were alluding to earlier, tony >> we're definitely seeing economic improvement that's coming through in earnings generally you continue to see certain companies benefiting from the work-from-home movement, investments in your house, et cetera and, you know, these are trends that i think we will continue to see. so as investors we need to keep our eye on these. >> we're going to get to chipotle earnings now. kate rogers joins us now with those numbers. kate >> hey, kayla. really strong huge

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you for joining us >> thank you >>> watching shares of dillards this morning up almost 33% as berkshire hathawayn a family trust for members of his family. almost back to $57 we are back in a minute. when i was in high school, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪ lively hearing aids have been a game changer for me. the process with lively. is insanely easy, you take a hearing test on your computer the doctor programs it, it shows up at your house a few days later. you can stream calls or music through it, it's got multiple settings, audio adjustments, so you can raise and lower the levels. but it's a fraction of the cost of the other devices. it's instilled some confidence i didn't have before. try lively risk free for 100 days. visit listenlively.com try nature's bounty hair, skin and nails gummies. the number one brand to support

performers on wall street today on news that ted wreshler investing manager at warren buffett's berkshire hathawaysonal stake in the store. bought roughly 1.08 million shares b 5.9% of shares outstanding for dillard's. the shares will be held in a trust on behalf of his family members. the stock is jumping, though it is a long way off from its heyday this is a department stock whose stock has been cut in half over the last five years. >> we were talking a bit offline, it is as much of a property play as opposed to being one of the great turn around retail stories as things stands. >> no sign of that. >> speaking with one of the great retail stories of the last decades, amazon is one of the big winners on wall street today as it gets ready for prime day, which kicks off tomorrow we have a look at what's at stake for amazon and other retailers. hey better that. >> thank to the covid pandemic amd amazon moved its summer prime day event to now it will serve as the new starting line for the holiday season in this unusual year. amazon expected to see nearly $6.2 billion sales in the u.s. from prime day,