what about that deal if they make the elite 8, buffett? can we watch that game >> we'll watch that game you got a deal. >> if they make the elite 8 -- >> i'll boy the popcorn. i will even buy the tickets. >> i'll get the tickets, don't worry, i just want to tweet on your account thank you, warren. thank you, becky >> and nebraska is good. nebraska is a good team. >> excellent either one then. i'll take that becky, thank you sorry to "squawk on the street," we're late "squawk on the street" is up now. ♪ >>> great show, guys good monday morning. welcome to "squawk on the street." i'm carl quintanilla a strong close with buffett on "squawk. fed chair pal on the "squawk" tomorrow we begin with futures pointing to a sharply higher open on the two-week rally and buffett's advice for the long-term investor despite volatility, buy equity, not bonds. >>> ge is planning to restate three new candidates to a streamlined board of director. >>> and the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. >>> bu

whatever i think that buffett sort of backed that up >> because buffett is not short-term and we know how long term, he's look iing further ou and what is he looking at? he's seeing the old part of the business that's transforming over into the new part of the business that are going to be the growth area for apple. >> know iing buffett and the people running the money over there, they looked at the correction and not only apple and the market at large and said this is ridiculous and he was loading up >> 116 billion in cash he's desperate for buying opportunities. he's saying it in the letter he wishes the phone would ring he wants people to bring him deals, but he's making the comment and the jegenius of buffett, he is kind of saying that he's requiring assets and willing to pay anything. >> he's not. >> so he's, he would never say the market's too expensive here, but he's kind of saying it in his actions and by describing some deals that buffett didn't get because others were paying a lot more than herp >> got a lot more. halftime report is yus getting started. >> next up, a stock j

. >> warren buffett says, stick with stocks. and there's o in particular that he's bought more than anything else in the last year. >>> school fety, security systems are being re-assessed, but it doesn't come cheari those s and more tonight on "nightly business report" for monday, february 26th. >>> good evening,everyone, and welcome. i'm sue herrera. tyler mathisen is off tonight. stock pullback? what stock pullback the markeas reclaimed a big chunk of its most recent losses, thanksn part to today's nearly 400-point gain on the dow. concerns over rising interest rates he taken a backseat, as investors refocus on global growth and corporate profits. today the dow jones industrial average advanced 399 points to l 25,7 by financial and technology shares. the nasdaq added 84 and the s&p 500 was up 32. bob pisani has more on the day's rally on wall street. h the dow up over 200 points at the opening, closing up almost 400 points. last week, stocks started strong atery day, but faded late in the day. egan to reverse on friday, when s

jonathan, thank you. >>> speaking of buffett, warren buffett's berkshire hathaway reporting a quarterly income tax rate the fourth quarters income jumped five-fold to $32.5 billion. and one of the shareholders, berkshire says it has $116 billion to spend as morgan mentioned but it can't find anything cheap enough to buy at least by its standards. we'll hear much more about all of this coming up with becky quick's exclusive sitdown with warren buffett in actually less than a half hour from now. >>> the nra concern after nearly two weeks from the shooting in florida. >> big business is pushing back in a big bay, following the february 14th shooting that left 17 people dead we told you about the first national bank of omaha conduct ties with the nra. since then, a number of corporations severing ties with the gun lobby has ballooned. in fact over the weekend, the travel industry joined in, delta airlines on twitter said it's ending its contract with the nra for discounts of rates through its group travel program hours later, united airlines followed suit. rental car companies reacting, avi

warren buffett says stocks aren't overvalued. we debate. >> taking flight airline stocks moving higher. warrant buffet says he wouldn't rule out owning an entire airline. should you follow him into the sector >> and cost of school security the idea of hardening schools to protect against shooters is gaining a lot of attention, following the florida massacre, but is it realistic? "power lunch" starts right now >> we would have to call it air hp maha. your money is looking good this monday the dow soaring. it's gained back nearly 80% of the losses from the recent drop. right now, the dow is up 1.3%. that's 340 points in today's parlance if you have invested in technology, telecom, or financials, you're probably making money today netflix and amazon continue to print money for their investors. those stocks, yeah, all-time highs yet again. netflix up 52% this year we dig a little deeper in tech semi-conductor stocks on the move micron, intel, qualcomm your highs. jpmorgan, mastercard, and the chicago mercantile exchange. if you don't

buffett laid it out is the right way to do it. it's all about the what the companies are and what they represent and how you feel about that. if you don't want to be involved, you don't have to. there's a lot of stocks out there. >> would any of you buy gun stock? google or what not, does that change your mind >> the political correct answer is no under no circumstance. the short answer is yes. >> that's true. >> got it. up next final trade. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings too

. >> warren buffett speaking exclusively to cnbc. find out the stock he likes more than others and his warning. that's coming up. >>> we have a rally. up more than 334 and s&p up 335. the dow is the story today bet than 1% gain the russell, small caps trailing a little bit bob pisani on the floor with more >> we're reversing that trend. we used to sell off in the middle of the day, but friday we diplomat and today we are holding onto our highs it's very important. three trends i've seen that's happened in the last two days. number one, the healing continues. s&p regained 20% of the losses we're finally seeing new highs appear and familiar names are on that list. finally, the leadership group since the bottom is the leadership group getting us into this, and that is cyclical stocks look what's leading today. boeing, 3m, apple, cisco, these are all cyclical names lacker eds, coke, mcdonald's, johnson & johnson, general electric not doing too much overall s&p new highs, old faces we've seen time and time again on the list amazon, netfli

not buying it no i mean buffett is buffett and he knows that over a cycle like ten years time the fed is always going to come in and print money because their constituencies are the banks and they hate is inside the banks he was the chairman of solomon for years he like bailed out goldman sachs his dad was a stockbroker he's an insider he's not going to make a trivial bet like this i completely agree with you so why do you have a disappointment buffett are you a glutton for punishment no because valuations are so extreme today that will win now the dent into the story is i did talk to him i did think he was going to take the bet three days later he sent me a letter saying his age preclude him from taking the bet so my guess is he's never going to take a bet he can't when he chickened out war and you are a big fat. plucky tail plucking my chicken my my pet chicken because talk about this i want us to start a so some of the bond market now we've been a bull market you know since i started on wall street back in the early eighty's bond markets have just gone up thirty thirty thirty five

. >> warren buffett has just about had it with ibm. berkshire hathaway reports it has cut its stake in the company by 94% in the fourth quarter. >> we don't know to what extent it is warren himself, the influence of his investing deputies, but it is a different tact. you saw in this quarter he boosted his apple stake while reducing ibm. it raises the question of maybe warren buffett is trying to figure out how the world is changing as he is adjusting his businesses. >> he is adjusting towards teva as well. >> definitely. that was kind of the big news last night. he invested in teva. that was the first time we have seen that stake disclose. you are wondering if he is betting on the turnaround or if there are other things drawing him in. >> no deal. qualcomm rejected broadcom's latest offer to buy the company for $82 a share saying "it materially undervalues the company." this is an ongoing saga. but is this the last chapter? is there more to be written? >> it depends on how firm the

is the largest shareholder he had warren buffett berkshire hathaway wells fargo wells fargo was caught in equivocally stealing from millions of customers wells fargo you know going back a few years they've been involved in numerous scams they got bailed out of course during the two thousand and eight crisis crisis emerged big coin they self-regulating true money a substitute that would put the charlie munger warren buffett's under the bus because they're parasites and just take from a cut from the economy that adding anything berkshire hathaway is nothing to the economy it extracts from the economy it's a tapeworm on the economy because it is sound money so naturally it's like a. rowing tears of the wicked witch of the west in this case charlie munger is the wicked witch of the west and bitcoin are the tears actually called noxious poison which it is exactly it is you put poison down to get rid of rats who were eating infesting your house and here they've the sort of this banking activity which by the way the activity that wells fargo was engaged an opening for industrial scale fraud t

not buying it no i mean buffett is buffett and he knows that over a cycle like ten years time the fed is always going to come in and print money because their constituencies are the banks and they hate is inside the banks he was the chairman of solomon for years he liked bailed out goldman sachs his dad was a stockbroker he's an insider he's not going to make a trivial bet like this i completely agree with you so why you haven't is why i went buffett are you a glutton for punishment no because valuations are so extreme today that will win now the dent into the story is i did talk to him i did think he was going to take the bet three days later he sent me a letter saying his age preclude him from taking the bedouin so my guess is he's never going to take a bet he can't win he chickened out war and you are a big fat. plucky to plucking my chicken my my pet chicken because talk about this i want us to status and so some of the bond market now we've been a bull market you know since i started on wall street back in the early eighty's bond markets have just gone up thirty five he says thir

speaking of warren buffett, the etf industry has something for everyone and one inspired by warren buffett'sphy. morningstar etf trades under the ticker moat. long-term competitive advantage in the industry, whereas warren buffett describes it, moat. pharmaceutical companies make up more than a fifth, and amazon and these are broad but vaguely traded fund, and have returned as much as 140% before stumbling this month and has almost $1.5 billion in assets and costs 48 basis points and gets the green light of that bloomberg etf stock like system. exchangefor more funding news, be sure to watch etf iq every wednesday. this is bloomberg. ♪ scarlet: this is the work markets -- "bloomberg markets". a company called level of villages is making it a reality and helping kids and teachers use video messaging to collaborate with students around the world and you can think of it as a penpal program for the next generation. tonight's want to talk, i sat down with ceo and cofounder to talk about the program and how it is helping to globalize the classroom experience. they are learning from each other and

warren buffett fell for that? to leave that to people who know more about it -- he avoided technology. i want to leave that to people who know more about it. invested iny, he things that you understand, that i get. mcdonald's, for example, is one of the notable investments. cory: but he has also owned american express. he's been in all kinds of things. tom: things he understood and berkshire hathaway understood. tech, they avoided. although they have been changing , that. big holder of apple lately. so he has definitely changed his tune in that regard. charlie told bloomberg a while back that better version two technology -- that aversion to technology might have been one of their biggest mistakes. for some of these companies, they were right. cpry: ibm's profits went from $16 billion per year to $6 billion per year. it is a worse company from before he got involved. you are the best, tom giles. bloomberg technology editor. emily isn't he the best? ,he is the best. emily: he is the best, as always. tom giles, our

to fall for warren buffett fell for that?ed to leave that to people who know more about it -- that? he avoided technology. he invested in things he understood. mcdonald's, for example, is one notable investment. cory: but he is also owned american express. he's been in all kinds of things. tom: things he understood and berkshire hathaway understood. tech, they avoided. they have been changing that. a colder of apple -- big holder of apple lately. bloomberg was told that aversion to technology might have been one of their biggest mistakes. for some of these companies, they were right. cory: profits went from $16 billion per year to $6 billion per year. it is a worse company from before he got involved. giles. the best, tom isn't he the best? emily: he is the best, as always. tom giles, our senior tech editor, and cory johnson, our editor-at-large. we are live here at the goldman sachs tech conference in san francisco. thank you so much for watching. we would be back at home base tomorrow. this is bloomberg. ♪ ♪ >> 7:00 a.m. in

that may be why warren buffett is more interested.therine, with the latest on warren buffett. ahead, the outlook for the gop a head of midterm elections act 1:30 p.m. eastern. look backu can always at bloomberg tv . you will find all of our interviews from the day, and have a little interactive fun. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> it is 1:00 in washington, 6:00 in london, and two a.m. in hong kong. from bloomberg's world headquarters in new york -- >> welcome to "bloomberg markets: balance of power." shery: here are the top stories we are watching. bracing for a senate showdown. lawmakers are expected to vote on d

is the largest shareholder he had warren buffett berkshire hathaway wells fargo wells fargo was caught in equivocally stealing from millions of customers wells fargo you know going back a few years they've been involved in numerous scams they got bailed out of course during the two thousand and eight crisis a crisis emerged big coin a self-regulating true money a substitute that would put the charlie munger is a warren buffet's under the bus because they're parasites and just take from a cut from the economy that adding anything berkshire hathaway adds nothing to the economy it extracts from the economy it's a tapeworm on the economy because it is sound money so naturally it's like a. rowing tears of the wicked witch of the west in this case charlie munger is the wicked witch of the west and bitcoin are the tears actually called noxious poison which it is exactly it is you put poison down to get rid of rats who were eating infesting your house and here they've the sort of this banking activity which by the way the activity that wells fargo was engaged an opening for industrial scale fr

a lot more coming up >> warren buffett sat down with becky quick to talk about apple to april done toaxes and the market becky joins us from omaha to wrap up in case you missed some of it. hey, beck. >> hey, carl good to see you again. i have a question for you. if there was one question that you think sent in more than any other in terms of question that's viewers get to pose to warren buffett, what is it >> one question that gets sent in to ask warren >> if you get one question, yeah, if you get one question, if you get one shot of asking warren a question, what do you think by far the most commonly asked question is? >> i have to believe it's a single stock kind of question, what stock do you wish you owned more of? >> bingo i knew you would know the answer you're right that is the number one question that gets asked time and time again. what is your favorite stock? what one stock should i be buying it's a question he hates we've come at this about 50 different ways, tried to get him to the answer the questions. it's such a common theme that shows up in the boxes. so we came at it

the nasdaq rising 130 points to 7143. >>> warren buffett increases his bid on apple. the billionaire's investor's company berkshire hathaway raised its stake. that's a big move for the legendary buffett because he rarely invests in technology. berkshire also dumped nearly its entire stake in ibm. last year buffett told cnbc he's more sure of apple's future than ibm and continues to put his money where his mouth is though he still uses the old flip phone. uber ceo wants to expand beyond cars. uber is to cars like amazon is to books, a reference to amazon's start as an online bookstore. hard to remember but it was the case. he says uber could eventually be a mark place for other types of transportation like bikes or public buses. you may know that uber is already testing a bike shares program in san francisco. marcus and laura, back over to you. >>> a lot of things happen here first. good to see you. >>> coming up next on "today in the bay," a major recall you need to know about before you feed your dog. plus, kari has your forecast. >>> before you take your dog out for

. >>> and first world problems for wear are warren buffett, the billionaire investors has $116 milliono fund but can't find anything to buy. hear from him at 12:00 on cnbc today. >>> good morning, everyone and happy monday let's check in out markets are faring on this very first trading day of the week. and it looks though in line with the index in europe, the stocxx 600 is happening up 0.6% or so you can see that, distributions roughly 8% in the green, versus 20% or so in the red in underperforming. so, it looks as though the week is starting off well in line with the end of last week. and it's less on the economic funds and more going to be focused on some of the political events that will be taking place. specifically, expecting to get a little bit more detail later on, when it comes to the customs union and made as well two features will be what's known and a slew of other earnings to watch out for in the next couple of days or so. back to back, and the xetra dax, and how it's going to materialize next sunday, all eyes on that and the big one, everyone is watching the italian indic

y on a warren buffett and his letter.e who read his annual letter is the managing director. before we go into some of the comments we heard on tax policy and others, i want your reaction over the last fears about president trump and how it looks like he is moving ahead with the pretty punitive tariffs of up to 24%. we have heard free trade groups coming in and writing letters. metal stocks will be moving on the back of this news. -- whatyou make of his appears to be the president's move to moving closer to these protection policies? to investors to understand two things. the first is that the news that was heard a week or so ago was it -- released recommendations from commerce secretary. the president had gone those reports in generate. he has had them for some time. he will move quickly along the , hes that ross proposed would have already done that. he will not do that. that we have long thought is what they will be interested in is doing things that are much more surgical. that is where a lot of the free trade reports

barren buffett. what did the tax cut do for warren buffett? and berkshire hathaway? ell it was a $29 billion christmas gift. mr. speaker, the president was quite correct. he did make the rich even richer. i thank mr. buffett for being brutally honest and saying he doesn't need more money. look at ndoubtedly what f.d.r. said, the test of our progress is not whether we add more to the abundance of those who have much, warren buffett said this last line. it's whether we provide enough for those who have too little. i thank mr. buffett. and i'm sure he -- i don't know what he's going to do with the $29 billion. but i know what we could have done with $29 billion. the ld have repaired bridges of america. we could have repaired the tens of thousands of dams across america that are at risk. that's what could have been done with the $29 billion that went to mr. buffett. that , he wasn't the only benefited from those tax cuts. one of the wall street companies, mor fan stanley, did an analysis of the corporate tax cuts. ich about $1 trillion of the $1.5 trillion tax cut went t

had warrenathaway buffett coming out with a shareholder letter. >> it is a highlight and people like to hear from warren buffett said that the letter comes out from warm off it, who has been having this 1965 and buffett what heonglomerate and demand ahead is very key and you have walmart, home energy, anduke these reports with that what the outlook is in the market some of will inform what is ahead this week. we watching for? andou go in with bloomberg you have the path of the rate hikes ahead tiptoeing towards neutral and you see the charts ratethe neutral interest estimate and it will raise andtions on this cycle housing is one of those. interesting because a lot of economists say that there is a rate hike season and it sales anderate purchases. focusile, there will be a with the count coming out that has to do with how much countries -- companies are developing and people are anxious for that count. >> plenty to watch for. thank you for joining us. something with robert mueller he agrees on -- the russian campaign worked. the goal was to create chaos in the u.s., they have succeed

and something that warren buffett echoed the other day garner says this is a dumb short. these vix traders are the symptoms and not the disease the actual ailment is euphoria here is the bottom line. the chart is interpreted by carly garner suggested this market is less broken than it might seen and that is reassuring on an ugly day like today. her work does make me want to embrace some of this market but only on weakness after the incredible run we just had there is still more to it. but sometimes as i said at the top of the show, you simply need to sit on your hands and wait for a better opportunity "mad money" is back after the break. hi! i'm mike ditka. you know you don't get to be a hall of fame player without taking a few shots. even though i have been out of the game for a while. i learned to turn to blue-emu. blue-emu's, non-greasy, deep penetrating formula gets down deep for big time comfort. and more important it doesn't leave me smelling bad. well at least no funnier than you already smell, right coach? c'mon man, give me ten! blue-emu it works fast and you won

buying into big blue was a rare misstep for warren buffett.s often said tech stocks were outside his area of expertise. that is your bloomberg business flash. manus: the yen rose for a court day in a row as we said at the start of the show. the currency is unstoppable in terms of the rally. get to our economics correspondent, joining us now. he's saying the yen is higher against the dollar. he says there is no need to intervene yet, at the moment. how you qualify, and do you trust him? >> he said the recent move was but he did enough, not specify what kind of intervention he is talking about, but what he said was clearly strong enough to send the yen higher. learn what exactly did we from this exchange? >> i think we learned two things, first we learned how nervous the market is. at the same time, one of the economist mentioned to us that -- comments confounded confirm that he was not that concerned about recent moves. we saw how the market moved sharply, he may try to clarify and be a little more careful about his language. his language certa

while his company reported record quarterly and annual profits on saturday buffett says much of that is due to the overhaul of the u.s. tax code passed by congress in december. the death toll from twin bomb blasts in the somali capital mogadishu has risen to forty five the jihadist group has said it was behind the bombings which went off near parliament and the national intelligence agency. is linked to al qaeda it controls large areas in somalia. police have clashed with anti fascist activists in milan as rival political groups held rallies across it to me the demonstrators were protesting a gathering of the far right north and lead party head of parliamentary elections next week although it is stepped up security around the country amid fears protests would turn violent. the bollywood legend davy cup or has died of a suspected heart attack in dubai the fifty four year old actress began her career at the age of four and starred in more than one hundred fifty films she was described as being the first female superstar in india's neil dominated film industry. the curtain is set to com

bet buffett is not worried about that.ests, did i promote you. i knew you weren't chairman of solomon brothers. >> no. he was. liz: mike holland. >> old buddy of yours for many years. liz: you got to work with him and for him. >> for him. liz: this is almost a bible for people. it's a primer how to invest in the coming year. he puts all kind of missives, ideas, nuggets in there aside from what's done well and what hasn't. once in a while he will drop zingers in there. read his mind for tomorrow. what do you think he will say? >> read his mind. he will talk about succession. he has two people named as copresidents. we'll get some color there. liz: we can put up their faces. we can't throw this part away. greg able, runs berkshire energy. we also have, can we get them up? ajet jane. runs insurance division. >> very smart man. much older than mr. able. liz: it will not be both of these guys? >> warren buffett is very good identifying great managers. he has two great managers. he will pick one. liz: there they are. you can com

we all read the lawyer -- letter from warren buffett.t to pull up a quote that talks about the folly when it bonds.o investing in he said it is a terrible mistake for investors with long-term horizons. among them pidgeon funds, college endowments and raving .inded individuals it is another way of saying his that is always invest in the stock market over the long-term. what do you make of that part of his annual letter? global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. it appeared in8 my inbox3 "daybreak: asia." this morning so "daybreak: asia." i will have a read of that. -- it appeared in my inbox. i will have a read of that. think bonds continue to play a role. kathleen: do you feel it is a contrarian call that you see the dollar depreciating, even though we have seen it depreciating in the face of fed rate hikes? a lot of people say the euro will do better, maybe even the yen because the fed is on its path and europe will catch up? why do you feel that is a contrarian call? has

>> you look forward buffett has to say about the markets.me when we were hearing about volatility again, are we going to see value investing? he is the guru of value investing so will we see value coming out? >> adding billions to their book value as well, that is a juicy amount of money. >> never argue with warren buffett. >> thank you for joining us as always. tv.utive editor for global up next, a bloomberg exclusive. you will hear from a central bank governor as he takes on his accusers. this is bloomberg. ♪ lisa: it is time for a look at some of the biggest business stories in the news now. officials say the investigation around steve when and his resorts remain a priority. officials are examining what executives and board members new against him,ims who stepped down earlier this month. a $2.4 billion or it just outside boston. talksholdings in advanced to buy an insurance unit. according to people familiar, they intend to reach about $1.4 billion, which could be announced this week. representatives of both firms declined to comment. one

buffett is amazing but he is in his 80s. he has tons of energy and he lives every day, so course it's 55 and 47 cents planning for your business size trying to pin down exactly which one of these people actually push him to say apple is worth that, i'm gonna come back to that, i just want to show you this chart first because it is up something crazy and if you look, 49% since they establish that position in 2016 so way exceeding the nasdaq in that time. according to my sources they say a position this size, with the access that this team has, more than likely it was both. >> both he and combs who advocated for this position and what he told me, he said just remember, i don't need to remind you of this he is so powerful, he has access that people don't have. his top lieutenants, the photos that were looking at right now on the screen, they have access in a way that even large investors do not have. this color, this context, speaking with tim cook in the entire management team so my sources listen, it's not rocket scientists,

>> warren buffett. >> because he does not flee with the wind or fly with the wind. he makes judgments and increases apple's stake by 23% and does not care about the so-called super cycle of the ten not working well i know he does care tremendously that it's a great consumer product with the terrific revenue stream versus ibm buying back a lot of stock. he liked that but prefer apple buying back a lot of stock with a service revenue. katy uberty out with an interesting note, something she interpreted as negative, china, and maybe the comeback of the chinese players to try to take the share that apple has picked up and picked up january, maybe a little bit not off the chart but she's thinking about the grow thesis she's been right. you have buffett and uberty. >> the lead is fewer android switchers limits unit growth this cycle share gains accelerated by chinese vendors regained some share against older discounted iphones. >> you can read it both ways but when you sit down with morgan stanley, what you come back with, it's on schedule to grow versus decline and there'

highs, and the dow and s&p 500 have more than halved correction losses speaking with cnbc, warren buffett said long-term investors should buy stocks over bonds, contradicting the belief that the bonds are lower-risk investment overtime. >> the stock market relative to the long-term bond market, people have three choices pretty much if they're going to be in marketable securities. they can own reasonably long-term bonds. they can own equities. or they can keep it in short-term cash equivalents. if you had to choose between buying long-term bonds or equities, i would choose equities in a minute now that doesn't mean i think the stock market will go up or anything else. if i were going to own a 30-year government bond or own equities for 30 years, i think equities will outperform that 30-year bon over the 30 years. >> buffett said investors should avoid using borrowed mochb ney o buy stocks he made the point investors need to take a long-term view on markets and prepared for volatility along the way >> if you own stocks on an apartment house, you don't get a quote on those every week. the va

so i am going to say a, jimmy buffett. final answer. >> but are you a parrot head?afraid not, but i will be now. >> jimmy buffett's right. >> all right. >> i didn't peg you for such a psychotic streisand fan. >> not psychotic, but... >> you went pretty deep there. >> i did, i did, i did. >> you went pretty deep there. this is a look at your $5,000 threshold question. here it is. fittingly, nintendo honors its legendary mustachioed plumber on what date each year? >> all right. i'm pretty sure they're thinking of mario and, um... the hoo-hah guy. i forget his friend. luigi, i think. luigi, i think, yes? and i'm not confident that i know the date of why they would be honored, however, looking at these answers, one keeps popping up because it looks a little like "mario." i'm gonna have to say a. march 10th. final answer. >> it spells out "mario." that's exactly right. you rapscallion, you. kirk, you got it. way to go. >> all right. whoo. >> $5,000 and that money is safe. we're gonna come back, play more right after this. [dramatic music] ♪ >> important message for women

they are both covering warren buffett at bloomberg news. all right. ecb president mario draghi has started speaking or we brought you some of these headlines earlier. you see him speaking before the parliament. you can track it on live got the bloomberg. he said with the inflation costs, still conditioner -- still conditional or straw momentum strengthens the confidence inflation but market volatility and fx move deserve close monitoring. the euro area economy expanded robustly but inflation has yet to sit -- yet to show a sustained trend in the labor market. this is bloomberg. ask conditions from households and terms, the -- medium-sized enterprises. ♪ vonnie: from new york, i am vonnie quinn. --ra: 100,000 people have took center stage with the debut of its new flagship device, the galaxy s nine. caroline is there to cover it for us. how's it being received? >> it is great to be here with you. >> perhaps not quite the fanfare they were expecting. perhaps an incremental change with this device. better hair in new contraptions to deal with its augment

. >> warren buffett has just about had it with ibm.t its stake in the company by 94% in the fourth quarter. >> we don't know to what extent , his warren buffett investing deputies, but you saw in this quarter he boosted his apple stake while reducing ibm. of may bethe question warren buffett is trying to figure out how the world is changing as he is adjusting his businesses. >> he is adjusting towards teva as well. >> that was the first time we have seen that stake disclose. he ise wondering if betting on his turnaround or there are other things drawing him in. deal, qualcomm rejected broadcom's latest offer to buy the company for $82 a share saying "it materially undervalues the company." depends on how firm the last and final is. this is old-school negotiation. if you look at what qualcomm and broadcom are saying is that it is interested in keeping its business together and feels $82 a share is unequivocally low. broadcom on the other hand believes this stock is trading week, this will be a long, drawnout process. qualcomm investors,

what about that deal if they make the elite 8, buffett?at game >> we'll watch that game you got a deal. >> if they make the elite 8 -- >> i'll boy the popcorn. i will even buy the tickets. >> i'll get the tickets, don't worry, i just want to tweet on your account thank you, warren. thank you, becky >> and nebraska is good. nebraska is a good team. >> excellent either one then. i'll take that becky, thank you sorry to "squawk on the street," we're late "squawk on the street" is up now. ♪ >>> great show, guys good monday morning. welcome to "squawk on th

senator marco rubio, group founder richard branson and investor warren buffett. it begins with commerce secretary ross. ♪ thank you for that kind introduction. this is about the most hospitable audience we have seen in washington for a very long time. [applause] i congratulate goldman sachs for developing so many small and medium-sized enterprises and for hosting the 10,000 small business summit. the 29t 2,019th 6 million compas like yours regularly generate 63% of all of the new jobs in the country then and play a little bit over half the total employment role of the country. [applause] some of you will also become entrepreneur giants with bill gates and others. but even if you fall a bit short in their stratospheric heights you still have the wonderful satisfaction of having your business child grow into the healthy adult scale enterprise. it's also interesting to note that the next entrepreneurs in the country is changing and changing rapidly. that is [applause] in my previous life in the private sector i invested in lots of businesses come and interestingly i

i call is warren buffett's margaritaville.n of him with politics, but i love the overall message in shareholder letter, a must read for anyone in the stock market. a key statement you need to keep in mind as investor. >> charlie and i view market able common stock at berkshire hathaways owns in business and interest not a ticker symbol to be bought and sold based on chart patterns -- we believe that business of the invest elias lindholms areysare succesl be successful, there are some charts that i use, it is nut if you only rely on charts. company specific fundamentals is what you want to look at. it takes time, to find the winner, but it took you more time to accumulate these investing funds, what about smartest guys in room, warren buffett made a 10 year bet he could do better skipping the big time hedge funds and their high fees, 20% on profit, 2% administrate of fees. and just invest in market. he was right after that period, s&p 500 climbed 126%, and best fun up about 88%, worst 3%. so the smartest guys in a room,. farrow

because warren buffett, when he buys, does not buy like you and i do.crosoft for example, which this full disclosure i own and my family own. i want warrants, conditions, transactions, special terms. there is not available for his terminology and way of buying but there is something out there for the average investor. stuart: what about general electric? they will restate profits last couple years. look at it, below $14 a share. will this thing be around for much longer? >> i don't think so, stuart. i think this stock should be on death watch. it has been for a long time. retateing earnings retroactively, streamlining the board. you have still got profit pressure. don't forget the sec investigation into the role of mortgages in the subprime crisis. these are consistent with a moves of a company breaking itself off or cellaring chunks. i don't think the company will be with around. stuart: ge was the stock in the '80s, '90s, to certain degree early part of 2,000s. did you see this coming? >> yes i did. i got very, very worried. if everybody on one side t

buffett's company already holds stock in four u.s. airlines. >> get ready to fly buffett airlines. >>> amazon is giving android user as new way to try before they buy. amazon's augmented reality technology allows customers to see exactly what that piece of furniture or appliance might look like inside their home before clicking the buy button. that's a great idea. but you can't really touch it but it's an awesome idea. >> beggar, chooser. >>> and now to a warning about the instant pot after some owners reported their pots have melted. >> here on more of what you need to know. >> reporter: it was one of the most talked about brands of the holiday season. >> it's called the instant pot. >> it does slow cooking, pressure cooking, even makes rice. >> if stnt pot. everybody's using it. >> one woman even crediting her instant pot with losing weight. but some have not only ben cooking but melting. this is what mother of three says she discovered on her instant pot multi-cooker just two weeks ago. the bottom melted, the wires scorched. >> i w

buffett was set they didn't do anything to get the 29 million to keep in their pocket. comment that i have respect for warren buffett and without getting into specifics of various companies tax situations, part of this is because we have lowered taxes. his company is getting the benefit of that. it is a reduction of what would have been a future tax liability. i know warren buffett has a lot of cash and he is looking for deals and i can't speculate as to what he is going to do. yes created hundreds of thousands of jobs, so as i said before, if we get more money to companies. we expect them to do two things, one, it will increase wages. cuts that atax middle-class now, and step two is lowering business taxes so businesses campaign more. you are seeing that in the impact for way, and step number three is that owners of these companies have more capital to invest, whether it is a small business owner the lowest tax rates since the 1930's or mr. buffett can the play that capital, hopefully in manufacturing, service industries, opportunities to employ more americans and bett

. >>> and what warren buffett's right hand man said about bitcoin that is getting attention today. it's thursday, february 15, 2018, "worldwide exchange" begins right now ♪ good morning welcome to "worldwide exchange" on cnbc. i'm dominic chu. >> i'm seema mody. >> what a big day it is. we had a massive reversal yesterday. all of a sudden it's carrying through into today let's check the global markets this morning starting with the u.s. futures picture we're seeing quite a bit of green across the board right now the dow jones industrial average will open up by 250 plus points the s&p by 21. the nasdaq up by 56, 57 points let's check on the ten overtreasury note yield because it has been a very big battleground for many traders. arguably one of the biggest driving forces behind the recent market volatility. interest rates now, 2.92%, multi-year highs for that longer-term u.s. treasury note we'll see if that stays the game given today's other big inflation data coming out, the producer price index >> interesting that despite the rising inflation picture, stocks still ended higher we