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

also, other aspects of the business empire over there at berkshire hathaway.umbers are pretty solid. earnings were down at the railroad. for other businesses and investments, they performed decently well and they were able to record an operating earnings gain of about 20% compared with the same time last year. so, essentially, the way i think about this quarter is while insurance was weak, much of the company is doing what it is supposed to do and trying to navigate a really high inflation environment. haidi: given berkshire hathaway, warren buffett's strategy, his theory of investing, when you look at this result, how the portfolio looks now, when you see where the stock market is in its cycle, no one knows if it has reached the bottom or not, what do you expect to see, if anything, in terms of changes the way investments are arranged now? max: great question. the big thing about berkshire is it perhaps has not been as active in the market as people expected through the pandemic with the big exception being q1 of this year when they spent about $42 billion in

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

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

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

significant easing. legendary us investor warren buffett is placing a big bet on japan with berkshire hathaway, expanding its stake in the countries a 5 top trading firms. in the mitsubishi and zooey are a chair now on 6 percent of each and plans on buying up to 10 percent. twitter owner, ilan mosque has ended his platforms been a former u. s. president donald trump, but trump has not yet tweeted. experts say he might have contractual obligations to stay exclusively on his own platform to throttle to satisfy investors. there. a disney has asked ousted chief executive bob to traffic and brings her former c o . bob eager under even leadership and disney acquired, exert marvel and lucas film over the past 2 years. under his successors reading the company got in more turbulent waters with the chairs up dropping by 40 percent. john allen's is international editor at broadcast magazine, which specializes in the media industry. let's what shot back. why was the alice did? hi janelle, well i did. the news came as a shock to most people who are in the entertainment business. it doesn't really give an i

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

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

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

. >> berkshire hathaway vice chair charlie munger not mincing words on "squawk box" when it comes torypto not that he ever have. he and partner warren buffett critics of crypto. once call add psych caulk grandpa from omaha skepticism for warranted as we saw in the last week always more. doing such a great job. >> thanks. new details overnight from new paperwork filed. ftx saying roughly 1 million creditors when the company filed initial paperwork friday ftx said more than 100,000 creditors and expect to get a list of 50 biggest by friday. ftx saying in the past few days in contact with dozens of global regulators including u.s. attorneys oft, fcc, and ftx faced a severe liquidity crisis necessitating filing of these cases on what they call an emergency basis. last week lawyers point to the complexity of this case with over 100 ftx entities involving non-traditional assets, such as cryptocurrencies and mentions ftx's governance did not have a board or cfo. john wray the new restructuring officer and ceo. the same john wray worked to restructure enron now working with external legal te

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

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

the stocks warren buffett is doing now and what is berkshire hathaway portfolio tells us about the health of the economy. we begin with 3 things investors should be thinking about, stocks surged and bond yields fell as inflation numbers came in lower than expected but is the market getting ahead of itself. crypto exchange ran into big trouble this week and rival bynance fell out of it. ftx is in a one hundred 35 million deal to name the miami heat basketball arena. why you should never invest in a company that's buying stadium rights. ben levisohn, carleton english and andrew bary. good week to have a 401(k). investors want to believe that elusive pivot is on the way. are they right? ben: no. this market really wants it's pivot. whenever we get a data point like this it overreacts and extrapolates too much from one data point to what the fed may not do. i don't want to downplay this number. this is what the market needs to see, inflation start to slow and that is what is happening but the nasdaq had 8% gain this week, we saw stocks like home depot jump 10%, moves are massive. jack: what i

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

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

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

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

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

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

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

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

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

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

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

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

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

>> i don't think it's an accident that berkshire hathaway now has a much larger market cap than teslasets just like you were talking about with the loss of the money to investors with ftx. cvs is another great example of a value stock. honed in on issues and solutions with health care. chevron, you know, is a great value. it became a great value in the face of shortages, but it was a good value with dividends before that. you got companies like williams corp., you've got bank of america. pleasure so people are gravitating towards companies that are well capitalized, free cash flow, able to deliver dividend increases and dividend payments, and that's a great place to be right now with all the other uncertainty that we're seeing. liz: just a quick mention, we want to just quickly look at grindr are. of course, it went public today, we just had the ceo on, and it had been halted 17 different times. grindr on the session looks to be up more than 200%. we do have a very big move there. i don't know if we can show that at the moment, but here we go. yep, 200, about 201 is %. and and as we c

let's bring in principal of the mike aubry group of berkshire hathaway home services mike aubry.to see you. the housing market right now, new home sales are rising slightly but we have seen the market cool a little bit as mortgage rates have risen. certainly pricing first-time buyers, certain buyers out of this market and what is interesting to me, i try to look at some pricing across the country. pricing have come down a little bit to adjust for higher mortgage rates but not entirely enough. or as much as buyers are expecting them to. >> you know it really is a juxtaposition. there you go, that's the word. i mean this data is sort of different and confusing and it's a lot to really sort of take through the wringer to try to realize what it means. i'm pretty optimistic about the fact that they came out at 632,000 units in october. i'm cautiously optimistic, i will be honest with you. when you look at other data released like builter optimism which is down as low as it been since the last recession, the fact that mortgage applications have been steadily down for months it suggests

lauren: the third stock we're talking about you like and own is berkshire hathaway class b shares. >>es a great job of allocating capital. he is starting to put some of his cash hoard to work. i'm perfectly happy to let him do that for me. lauren: he is dabbling with tech more than he has in the past few decades that he has been investing. >> that's true. i think that is a little bit the changing nature of tech. tech is not quite as disruptive as it used to be. you have got some companies that are quite large, quite robust, quite profitable. i would say they're the blue-chips of you know this decade. plus you've got some young guns working for him i think understand tech better than he does. lauren: what is your forecast for the s&p 500 year-end 23? >> i really don't have one. i don't know what it is going to do specifically in the next month 1/2 but i suspect it will be on a downward trend not an upward trend. i remain pretty defensively oriented. lauren: likely in the goldman sachs, morgan stanley camp maybe more pain is to come. the san francisco fed president mary daily said, look

a 20% surge in operating income in the third quarter for berkshire hathaway. its insurance underwriting segment absorbed a $960 million loss. their cash increased slightly as buffett maintains a stash of dry powder. rishaad: let's check in with some stocks, some reopening equities. these are miners, actually. never mind. just to say that ultimately -- despite declines. there we go. these are semiconductor stocks, a mixed bag. looking at apple suppliers in particular as they downgraded the outlook for iphone d (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falli

. >>> we talked about taiwan semi, of course, moments ago given berkshire hathaway has become a significant're watching this morning because they're both up on berkshire purchases by the way, this doesn't always mean it's buffett behind this. there are a number of decision makers when it comes to the portfolio at berkshire it's unclear if warren buffett is making decisions on paramount. 130,000 shares they filed for. one would think they bought more after the filing period had passed the companies there do share 50-50 ownership of a mortgage servicing business as for paramount global, back in may is when they initiated that position as much as 2.6 billion worth of stock then it's worth a lot less now even though they increased from 68 million shares to 91 million now. berkshire owns about 51% of paramount global not quite sure what exactly it is they're looking for but they are the largest single shareholder, even larger than its control shareholder, national amusements. we're back in two. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i in

you're seeing a mixed picture, but taiwan is lifted by the likes of tsmc with berkshire hathaway uppingstake. rishaad: coming up next we are joined by kevin from the millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... save hundreds a year over t-mobile, verizon, and at&t with xfinity mobile, and for a limited time get $500 off - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (

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

backing off, although not too much at this point and the rest of the market able to gather itself berkshire hathawayover the last year or so, well more than the market its value, and apple insurance, by the way, also been the strongest group within financials. >> would you argue positioning going into cpi is hot or not >> i wouldn't say hot. it's up off the lows positioning is not very defensive in terms of equities i do think there's a residual hope we're finally going to see some statistical just basically the comparisons get easier you might get some relief on that i don't think people are assuming they're going to get a gift with the cpi, but given the seasonals, given the fact that everyone knows the patterns of a midterm, do you really want to fight the possibility of getting through the election with whatever result and then have a benign cpi number because the market seems like it would take that and run >> yet, mike, we heard it at the top of this hour, you know, there are plenty who think s&p earning estimates for next year are way too high even though the guidance we got was not great in

the billionaire investor gave 1.5 m 1.5 million berkshire hathaway shares to the foundation he gave 300,000dren. this is something that he's been doing since 2006, giving annual -- giving annual gifts to these four charities and the bill and ma len da gates charity. he said very intentionally that this was something he did on thanksgiving eve because he is thankful for the job his children have been doing i spoke with him and he told me, i got a personal pride in how my kids have turned out i feel good about the fact that they know i feel good about them it's the ultimate statement that my kids don't want to be wealthy. he said for a long time he's going to give away for decades and decades, he said, most of his wealth for over a decade he told us it would be 99% of the money he's earned through his berkshire shares when he doles it out like this, he's trying to get rid of it he has more money after this gift, more than a hundred billion dollar in berkshire shares and that's more when he started giving away in 2006. it's a hard problem. >> he can't do it. he's making too much money. >> can

all right, berke scherr hathaway has been enloading some of its holdings, $3.8 billion worth of bank corp. shares, a bank stock the conglomerate has held since late 2007. berkshireon shares down from the stake of 137.4 million. we do have u.s. bank corp. not really wounded by that, it's up about a third of a percent. buffett also trim thing his stake in chinese electric vehicle maker byd. the stake has gone down to, it's really a trim with nail scissors, down to 6.6% from 17.. investors rolling the dice on u.s. casino es operating in maca u. quarantine times have now been shortened from seven days down to five days for those who have had close contact with a covid patient, and the penalty on airlines for bringing in infected passengers has now been eliminated. >>> walgreens boots alliance getting a pop after deutsche bank upgraded the stock from a buy to a hold and put a price target of $50 on it. it's about $41.52 right now for a gain of 7.8%. the move to acquire health care provider summit health which is the owner of city md urgent care centers is kind of thrilling deutsche bank team. intel, let's take a look at that one. this is up 2.25% after jpmorgan resum