. >> we got news about the ministry stock that bursts under brookshire hathaway has been accumulatingey requested confidentiality for the end of last year basically we found out what that stock is in brookshire has accumulated 6% stake in the big property cash with about $7 billion. buffett has been selling a lot of stocks in the last quarter he was trimming apple and getting out of hp and paramount but it's a business he knows very well in brookshire has been involved for 50 or 60 years and is probably the best run most profitable leader in the pnc business. >> will he buy the whole enchilada crymac that's an interesting question i think you might like to buy a and is an elephant size acquisition that he's been seeking in vain and it valued $100 billion in brookshire has 200 billion of cash to play with and i think it be a good strategic fit for brookshire to make financial sense. is he interested in is seller both companies won't comment but intriguing confidentiality he turns 94 in august we doesn't have a lot of time to pull off the big deal. andy: great stuff the global economy i

right now the stock is struggling intraday, speaking of brookshire the buffett run conglomerate often seen as a proxy for u.s. economy because it's 17 plus businesses reflect just about every single sector was shares up to 30% after the company reported blowout first-quarter operating profits of 11-point to billion dollars that's a record by the way brookshire is looked at the proxy for the economy because it has everything from industrial to home-building, lending to jewelry to car dealerships under his wings the question is what do the earnings and buffets move to sell apple stock say about the near-term economy in the overall stock market let's get to the floor show, j.p. morgan chief u.s. economist michael m bullseye chief market strategist alan nachman. not all but a very large number of brookshire businesses show real growth and strength from the quarter from high-end to the jewelry to what people most can afford dairy queen, benjamin moore paint, sees chocolate, how valuable is brookshire as the temperature gauge of the whole economy. >> i think we know that the data through ap

two times in a row he slashes brookshire's holdings of apple. cash on hand for berkshire hathaway searched almost $190 billion that is a record, this would be bad news why does he have so much cash on hand maybe he does not know what to do with it, is that a bad sign for the market here on out? in the quarter you can see the stock is up great numbers earned a record 11-point to billion dollars a lot of strength in business at geico. stuart: he would've cut his holdings if he thought it was going to go up more from here, that is why apple is down a little bit this morning. >> he made his money, he walked away from the looks of it. maybe he think they can make more money elsewhere with the money he takes out of apple. let's look at the quite this morning i was looking earlier 63000, it's on the upside, ticket the crypto stocks are up and running. >> break point started its rise after the soft jobs data its continuing over the weekend and into today. if you look at micro strategy in particular, that is a proxy for bitcoin it should be up 70% as we

brookshire hathaway rose to $189 billion. they trimmed their stake in apple.t said apple is better than american express and coca-cola. qantas will pay a fine of $100 million for selling tickets on flights they agreed to cancel. the agreement includes a program expected to cost $20 million. affected customers will range from 225-400 $50. the company known as foxconn assembles smartphones and posted in 19% jump in sales. they diversified to focus on equipment tied to ai. annabelle: earnings season continues in asia and major carmakers. toyota may deliver its fastest growth since 2013 led by recovery in north america and europe. banks will report results. rachel, the focus on automakers, you're watching the names in japan and india. >> we are seeing quarterly revenue grow by one third. consisting performance and investors looking to split into two separate entities to boost the value of the segment and another company will see double-digit revenue growth thanks to high-volume and selling prices. >> do we see sales passed through to toyota or is there an outperfo

in honor of his annual shareholder meeting, this will be a brookshire addition. with us is the chief investment officer. up first, apple, it showed the value of the stock holding was down 22%, but he said he's not bailing. he did sell for tax reasons shares of apple are down. >> for me, we bounced off the 165 level and i think you have room to run to the 0.02. right now interesting how far off the high-frequency data in cell phone sales were down 20%. it was not that bad. they have an event tomorrow and relaunching the new ipad. it's been two years since they've had a new one. and they finally figured out that maybe they should care about ai and introduce more features. i could see much faster replacement cycle this fall assuming they come out with new models investors want, which is a solid assumption. >> what about paramount global? this is when he said he took a loss on it. shares of paramount are up 3%. what is your take?>> i think you will be jerked around with the news. i think you try to get out with whatever you can. it's a very messy fight because you ha

i would not do that comp to any message and brookshire hathaway and transferring that to what they shouldeal. >> before i let you go the title of your piece last week was life is good and something to the effect it is even great for large names. it is amazing. it is like gas be like for the large-cap mega cap tech names. here we are again today. supermicro. then you have amd advanced micro the thing is, it feels like when it is time to go through the foxhole for the last month utilities and staples are the only ones out. the same handful of names that lead that way and for investors that are not in these. it feels like you have to be in them. >> you have to be careful about not letting the concentration in your portfolio begin to mirror what has been the concentration in indexes like the s&p and nasdaq. yet to be careful about rebalancing. one thing that is unique versus the late 1990s that the fundamentals underlying many of these stocks, cash rich companies in many cases earning more interest on their cash, paying interest on debt, i think that there is sort of a fundamental case that c