so one of the examples i like to give is about berkshire hathaway.look at any random day and you track the berkshire hathaway stock, what you will see there is lots of ups and downs, right? maybe at 11:00 a.m. on a tuesday you see there was a big drop in the stock but if you look at it from the long view, over the whole course of the existence of berkshire hathaway, obviously it has vastly outperformed the s&p 500 and it is a stock you would want to own. one of the things we need to do to be more intelligent investors stop getting caught up in the momentary ups and downs, to start thinking what is good in the long run so we make better decisions that will benefit our futureselves. charles: it is interesting, obviously the audience kind of knows that, everyone would love to practice that. i think one of the problems though is the noise. there is so much noise out there. i say, financial media, particularly financial tv on one hand is a great thing but on the other hand it is probably one of the worst things that happened for the individual investors.

shares are trading at a three-year low. >>> and berkshire hathaway selling 3.1 million shares of hp.est share puts the stake below 10% and moving forward berkshire will no longer need to disclose buying or selling of hp stock. looking at hp stock right now and it is down .50%. >>> time for a check of headlines outside of business is jessica layton in new york. >> frank, good morning. house lawmakers will be back in the chamber today. the two candidates for speaker is jim jordan and antonin scalia w -- steve scalise. so far, one has the backing of the frontrunner with former president trump confirming on truth social this morning that he will be endorsing jordan for speaker of the house. >>> now to a major reversal from the biden administration. announcing it is waiving 26 million construction laws. the only reason this is happening now is because congre congress allocated money during the trump administration and they have to use the money that way. >>> and bears fans watched with heavy hearts after mourning the loss of dick butkus. he played his entire career with the bears. he made

. >>> berkshire hathaway boosting in oraccidental again. ake in occidental >>> and private equity firm silverlake management is taking endeavor group private >>> standard chartered shares falling double digits and bringing down the european banking sector before the halt in trading this is after a slump in profit >>> we are watching the european markets as we await the latest decision from ecb which is coming in a few hours. ecb raised interest rates in the past ten sessions it in the fight to bring inflation back down to 2%. >>> shares are slower with the decline in profit in revenue with lower than expected an adoption rates for evs and the broader sector with shares down the board. volvo shares down 9%. >>> investors are preparing for the earnings season before the results start rolling in you see futures under a bit of pressure nasdaq down 1% for more on the trading day ahead, let's bring in jenny harrington from templeton. good morning >> good morning, frank sdplchlt >> good what is your take with e mega cap tech and the impact on the b

financial you're looking for, and the xlf, actually, large, high-quality best of the best -- berkshire hathaway is actually in there. jpmorgan, visa, mastercard -- non-banks. you can't avoid financials, so we look for quality, broad diversification. you want to stay out of the community and regional banks, that will struggle that's why we migrate to the large-cap etf sector. >>> last word, you would steer them toward investment grade with a yield of 6% or higher why? >> if you can take the volatility out of a port follow -- again, it depends on the investor but you could consider treasuries, but across the board, investment-grade corporates with a low risk of default and intermediate duration can round out these wild swings. interestingly enough, after the fed rate hike, the three-year average return is only a percentage point or two behind the average return so you can get capital gains, plus a 6% interest rate, plus or minus, i think most investors would be well served to consider that in that area. >>> mark avalon, thank you for your time today. >> good to be here >>> coming up, our triple-h

david: i remember once at a berkshire hathaway meeting i went to, warren buffett was asked if he needed one thing, he said the yield on the 10-year. it's the one thing i want to know. so it's something we need to understand. what does that mean for the growth in the economy? let's assume your assumptions are all right, what does that mean? can we have high rates and still have high growth? >> yes, i'm going to answer that, and i'm also going to throw in, when you're looking at other asset classes, the reason warren said that, is because that becomes the return from which the expected returns of other asset classes are compared. when we look at equities, we say what's the expected return? we look at its yield, just to cut through it quickly, it has about a 5%, 5% or 6% expected return, and because of that, that bond yield is a challenge for the equity markets, right? we've covered that and that's why the 10-year is important. what was your question quinn? david: what does this mean for economic growth? >> for growth, what's happened is that the government got into debt, so the private se

berkshire hathaway, great diversified company, bought by warren buffett.on's electric car diversified company. personal technology , -- i don't know. i'm trying to figure out how best to put that because i have to come up with some better way to say tech otherwise have to get rid of nvidia. take out alphabet put the light lily and and i will feel much better. thank you to the players mad money is back after the break. after posting on your miss, can this stock a good story for investors? or is it time for home gamers to shout timber? find out next. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers

even berkshire hathaway, the insurance part of the more thant insurance but the financial stocks havee down quite a bit. well -- i'm sorry, only doing ok. it is hard for them to really grow a lot more if the banks will have a tough time. i'm not as convinced as some that the economy is in fabulous shape. it's in good shape, but how much better is it going to be going forward? i'm not sure. matt: don't forget about see's candies and justin boots. why are you not convinced? i'm so nervous about this economy and so are many americans. we are looking at 5% gdp growth. we are looking at unemployment still well under 4%. jobless came out this morning the lowest since january and we are in october. everything seems to be firing on all cylinders. what is the problem, matt? matt: this whole thing with interest rates. it has not had an impact yet so therefore it is not going to have an impact? most cycles we have had in the last 40 to 50 years you did not have this pent up demand that came from the revenge spending people took after the pandemic. that played a bigger role in delaying this impac

>> it's a little company in omaha called berkshire hathaway we've owned for years. i don't worry.'m sure warren doesn't worry on a short-term basis. he runs good businesses. it's not way overvalued, about 1.4 or 1.5 times value. >> well, i'm sure that lets you sleep well at night. it's good to see you as always. we'll see you soon. >> thank you for inviting me. >> that's delphi management's scott black joining us. >>> a news alert on okta. >> shares of okta down 11.5% after disclosing a hack of its customer support system saying the hackers were able to view files uploaded by customers but also noting this is different than the customer facing service of okta that companies tend to use and that has not been hacked but, again, they've notified all customers affected by this. very few details about specifics of the files uploaded and what kind of data was able to be viewed by the hackers. you can see now falling even further down better than almost 13% now, scott. >> appreciate you giving us that update to us. >>> up next, stocks still under pressure as we come to the close of this

i'm -- warren buffett wading further into the oil patch as berkshire hathaway now boosting its stake in occidental petroleum to, this is huge, 25.8%9. stock is barely higher, but as crude prices flirt with 2-week lows and consolidation in the sector kicks off, oil field equipment supplier baker hughes is cashing in. we're going to talk earnings, where he sees the most demand in oil or natural gas with the ceo next. when crude prices fall though, well, there's often a domino effect, and here you see it. bp, chevron, slb, valero, exson mobile, they are all lower today. "claman countdown" is higher, as always, charlie gasparino's on the sam bankman-fried testimony, breaking news on that. not to mention former israeli prime minister ehud barak. stay with us. ♪ ♪ ect their money with chase. wooo! tools that help protect. alerts that help check. one bank that puts you in control. chase. make more of what's yours. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and

national association of realtors and two brokerages, keller williams and home services of america, berkshire hathawayompany, found them guilty of to colluding to inflate or maintain high commissions through their clear cooperation role now they have gotten a comment from the nar says nar rules prioritize consumers, support market-driven pricing and promote business compensation. they say this matter is not close to being final as we will appeal the jury's verdict. now, this is all about whether or not consumers are getting a fair deal when you have real estate agents, brokerages all working together the lawsuit claims rules violated anti-trust laws and inflated fees paid to buyer's agents by requiring a listing agent to compensate a boyer's agent for listing property on the mls. anybody out there trying to buy or sell a home knows that these fees are very confusing and we never know, you know, from brokerage to brokerage what the fees will be between the buyer's agent, the seller's agent this is a lawsuit that did obviously go against the realtors. but they said they will appeal it as have the other

his friend warren buffett was asked about the same thing because warren buffett's company, berkshire hathaway, one of the companies they invested, was a petro company that was connected to this arms and going on in sudan and basically buffett's answer to all the shareholders, yeah, we're not going change what we do. so unfortunate what's going on over there, but doesn't really affect us. and that's it. but lebron not to sign the letter he was and he and one other player on the team were the only two that didn't. and as soon as he that the new york times covered it and every other newspaper in media outlet in the united states and became a problem for him because he was ripping to lee questioned about why he didn't sign it mind you this is going on in the middle of the nba playoffs that he's getting hit with this and then he has what some people would say is the greatest game. his career in the middle. all this against the detroit pistons. lebron has the game his life where he literally is. it's like one of the few times where one man beats five. and it is a stunning performance that makes eve

let me ask you, big picture question, have you ever considered taking eldridge public, as a berkshire hathaway business? >> right now we think about how to continue to grow the subsidiaries, and some of the subsidiaries we take in public, but we haven't ever considered taking eldridge public. >> is there a time that that would make sense for you, is there a reason you wouldn't want to have the overall scrutiny of the public markets? >> i don't think there's any hard reason. obviously access to capital is an important thing, and being public provides access to capital. right now we haven't had any problem getting access to capital, so, we are well positioned as a private company and we want to continue to grow. it hasn't been anything we've been thinking about. >> let me ask you because i bring the day full circle here out of this conference, kathy wood was on the halftime show earlier, i have no idea, you tell me, you are a big reason why kathy wood is still the majority shareholder of ark invest, is that correct? >> we helped her finance the business, a while ago. and they've done a great job

where berkshire hathaway coming in and basically foreign energy.are going to be building better storage of 1,00 1,000 megawatts are things we never had. plus we are producing more cold and we had a better and clearer than anywhere in the world. we are producing mvp, 2 bill 2 billion cubic feet more will go to the pipeline helping the people in the northeast pekar everything we're doing, and basically this bill is a beltzville that has given us opportunities. we have never had this before. so basically people have been demonizing it. but when my own republican kallie cart and say this is a balanced piece of legislation, that is good for america, they said that in their brief, and they win they warning courts so we will see what you take it to the west virginia voters or whether to go to a third party run we had this conversation speaker here's what form obama can be measured, sena said this week talking about these third-party runs. >> you and i remember in 2,000 in florida where rust and again the florida presidency to georg bush. cedric has had th

with the new investments coming, we have berkshire hathaway coming in. we have basically form energy. we're going to be building battery storage at 1000mw. things that we've never had a diversification plus we're producing more coal than we ever have, better and cleaner anywhere in the world. we're producing basically with mvp 2,000,000,000 cubic feet, more will go into the pipeline helping the people in the northeast. everything that we're doing. and basically this bill is a balanced bill that's giving us opportunities we have never had before. okay so people just have basically people have been demonizing it. but when my own republican colleagues come out and say this is a balanced, balanced piece of legislation that is good for america, they've said that in their brief and they won when they won in courts. so we'll see whether you take this to the west virginia voters or whether you take it to a third party run. we've had these conversations. here's what former obama campaign manager jim messina said this week. this talking about these third party run

allstate, progressive, berkshire hathaway's geico, travelers, they might expect to see a flood of claimsophes. in the first half of this year, guys, thunderstorms across the united states accounted for $35 billion in insured damage. that was 70% of the total across the globe. thunderstorms. it's a big reason why property insurance premiums are rising. plus, of course, insurance companies are trying to manage their own risk. they buy reinsurance for, say, billion dollar plus catastrophes and the cost of that reinsurance has been skyrocketing. over the last 12 months, the demand and the increased rates in reinsurance have sent those stocks soaring. look at arch capital group, up 75%. renaissance up more than 40%. everstreet, same thin. the ceo told me that the general expectation is for a 10% increase in demand for reinsurance heading into 2024. >> inflation has had a lot to do with this. there's a lot of demand for reinsurance products because we live in a heightened risk environment, so insurance values have gone up. there's social inflation in the u.s., which has basically increased lit

hp, berkshire hathaway revealing they have paired the stake in the company down to 10%.rica says the stock has bottomed here. making a rare double upgrade from sell to buy this morning up 3%. eli lilly signing a deal to buy biopharma for $12.50 per share in cash. shares of the latter name surging on the news and competitor novartis will be on next hour. mccormick one of the laggards in the s&p post results, matching analyst system despite a 2% volume mixed decline. really the thing that's upsetting investors the guidance raise on the back of better performance from the mexican jv, which is not a great reason, and some of the weakness in china and asia helped that organic growth. >> good to know. jim and i were discussing that. >> it wasn't a terrible quarter. >> not getting a good reaction in the market. to new data on job openings out just moments ago. rick santelli is in the house, and he has that for us. >> absolutely. a surprise, strong number for job openings and labor turnover. known as jolts. number 9, 610, 000. bests estimates and the best level going back to may