warren buffett and "squawk box" up next.rrow so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars. do you guys sell, other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. get $250 back when you pre-order a new samsung galaxy. click, call, or visit a store today. >> announcer: good morning and welcome to a special edition of "worldwide exchange. becky quick is live in omaha with the world's best-known investor warren buffett. we'll talk about the big drop in kraft hines shares the quick u-turn on oracle and all the news from the letter shareholder over the weekend three hours with warren buffett starts right now ♪ >> announcer: live from new york, where busines

or in buffett's performance would be horrible all right yes they say with a well warren buffett's performance last year berkshire hathaway shares fell big time and that is on the write down of kraft heinz investment the world's most famous investor had one of his worst years ever in twenty eighteen buffet's kraft heinz bet dragged down berkshire hathaway in twenty eight hundred conglomerate swung to a twenty five point four billion dollar loss in q four due to an unexpected write down at heinz and realized investment losses right so in other words the mergers and acquisitions you know they strip the company of all the value player right then they stick stracke value they they they extract all the equity and they leave that debt and then the enterprise crumbles in the case of warren buffett you know these doing the stock buybacks which is you know used to be illegal until recently that's completely fraudulent and he has no governance or oversight whatsoever you know he's a more the one of the biggest or the biggest shareholder of wells fargo for example during that period when they were engage

let's get to becky quick in omaha with warren buffett. i think "green book" was universal picture, which was controversial, everything is controversial now days ramimalek's fake teeth won best actor, i think, did they not >> no, i think they did not. i didn't watch a minute of the oscars i didn't read any of the write-ups. i'm pretty sure that's not true. >> probably not. >> i'm telling you that did make it a pretty good -- to be able to about with -- i mean, they had to add teeth because freddy mercury had extra incisors did you see it in of the movies? i saw almost all of them believe it or not. >> i saw bohemian rhapsody i watched a bunch on flights we've been traveling a lot lately every time i'm on a flight i watch some of these things. >> i saw that. the favorite is very good. it's crazy whacky but it's -- >> i didn't see that. >> you did not see that. you didn't see green book? >> i did not. >> how about buffett, is he a movie buff >> warren, have you watched any of these movies? >> i saw the wife. >> i saw that, too. >> which was

extract all the equity and they leave that debt and then the enterprise crumbles in the case of warren buffett you know these doing the stock buybacks which is you know used to be illegal until recently that's completely fraudulent and has no governance or oversight whatsoever you know he's a more the more of the biggest are the biggest shareholder of wells fargo for example during that period when they were engaged in serial criminality when they were engaged in absolute fraud and he's a party to that so here's a guy who given unlimited credit at zero percent and who's exempt from the rule of law still can't seem to make money for shareholders which is. let's roll back a little bit because what you're talking about when you're talking about private equity is that kraft tines kraft and heinz two major consumer products in america they sell food like products catch up and velveeta cheese they merge under the guidance of three g. which is a giant brazilian private equity firm and private equity as we've talked about here in kaiser report for years is the extraction model they've you know these a

be less than a money market so i don't know why everyone celebrates this guy so i think of warren buffett as kind of the velveeta cheese of investment gurus i it looks like she's. has the same color as cheese it's called but is it really cheese i mean would velveeta cheese pass the cheese test and paris for example when if you show that to them what they did say that here a worm buffet you know he he prides itself on his returns but the fact is was he lucky did he just start investing in one thousand nine hundred two at the beginning of you know the american century we became the empire we have this huge baby boom we had a huge investment by the government via the g.i. bill and other measures after world war two we had the exorbitant privilege of the u.s. dollar as the world's reserve currency that's tapped out and he actually mentions that in his newsletter where he disses gold bugs and people like kaiser reports for basically saying that the accumulation of debt under the american. system that he used to be concerned that that would be a problem but is clearly not a problem he said we c

years i were first able to start investing actually millennial would have done better than warren buffett how they just invested in gold the last seven years however s.m.p. if you look at that they were it was up one hundred thirty six percent and gold was where you are now so millennialism i have to look at a different situation than where warren buffett started investing back in one thousand nine hundred two and certainly corn syrup rich genetically modify. food is perhaps not what the future will hold for you know consumer staples oh you also pointed out that people for some reason don't retain the taste of cola during the course you can drink colo all day long without the flavor of cola he likes that even though it causes the obesity epidemic in the health crisis that we end up paying for again so again i'm subsidizing everyone subsidizing warren buffett's performance through our obamacare through the bailouts through the lack of oversight lack of governance lack of jurisprudence you know that's like ok grandpa we get it you need your diapers changed but she. it up but let's look at h

fabulous morning with warren buffett. i continue to learn from the questions becky asked him.clinic every year and every year i look forward to it. i like to say there's always a bull market somewhere. i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. - yes! let's do this! - your wish is our command. male announcer he's a small town choir director. - my wife and i, we're both teachers. - he puts his whole heart into everything he does, and that's what i love about him. announcer: looking to hit the highest of notes... - whoo! [grunts] it's a lot of money, and it could change my life. announcer: and when the banker challenges him one on one... - she wants you out now. - the curtain's going down on you tonight. announcer: bryce gage may surprise everyone... - that's a good board. - that's a lot of money. announcer: by showing off his game. - he's going to slam-dunk this $1 million. - whoo! yeah! - we're with you all the way. [cheers and applause]

one of them bought shares of apple before warren buffett bought those shares himself.t stock during the quarter because they wanted to buy something else they each manage about $13 billion, so if they want to buy something else, if they buy another opportunity they have to sell something one of them bought apple to buy something that they thought was a better purchase. when it comes down to what warren thinks about apple. here's his position on shares of apple. >> i don't see myself selling. every -- the lower it goes the better i like it obviously it's really not back to where -- it may have briefly, very briefly got there, but -- but if it were cheaper, we'd be buying it >> reporter: and guys, one more bit of breaking news for you would you think in three hours we'd be able to cover all the topics that we needed to and after the cameras stopped rolling i will tell you what he answered, breaking news again. there was a reuters story last week that said berkshire hathaway was-ins talks to sell applied underwriters, an insurance company that does workers' compensation.

investors eyeing buffett's other moves revealed in his filing. lauren simonetti takes a deep dive on buffett buys and the stocks the oracle is dumping. "countdown" will be right back. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when your patient's tests come back... your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. if you want to know why people you have to start by asking... could listening to au

buffett owns $44 billion of the stock.ys back, his interest in the business goes up because the float is shrunk and owns a bigger chunk of the business and doesn't need to add with albuquerqberkshire's own m. >> it's down ands when a good entry point? >> we don't know his exact cost basis and he was buying at lower prices it is not as if it's dramatically higher than when he was buying and owns much, especially in concept of the portfolio. >> does this point to the issue of who's better at pricing when to buy ceos don't often time buybacks that well and have they made the most of their buybacks, apple, considering the amount of cash they have left to deploy >> you could argue they weren't that good and maybe they're not but if you think about longer term and averaging in, i'm sure they were buying at the lows, as well it is a kind of a mechanism to continue to buy on a consistent basis. and you hope that it averages out over the long term obviously, it is a sign of confidence that the company is buying back stock and a goo

warren buffett admits that berkshire hathaway overpaid for a company that's accounting is now the subject o an s.e.c. investigation. >>> riding into the future and it'sa gas-pow aed bike bu electric motorcycles enough to win over young consumers? those stories and more tonight on "nightly business report" for mond good evening, everyone, and welcome. billon offht. investors started the week with news that they had been hoping for. president trumg back from his hardline stance on a trade deadline with china following two weeks of high-level talks with the world's second largest economy, the president postponed the dato raising tariffs on $200 billion worth of cnese imports. and while investors are cheering the news, many are also asking, what's next? kayla tausche is in washington tonight. >> r as preside heads to vietnam tocldefuse r tensions with north korea, he's touting another area of deescalation, trade with china, telling u.s. governors he's close to a deal. >> we're going to have a -- another summit. we're going to have signing summit, which is even better, so hopefully we can get

and there is jim talking about the one thing that warren buffett needs to do to safe craft.er] you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. . >>> we have an earnings a lot, shake shock down about 1.5% of a sister ho ter hours. kate rogers has more >> they beat on the top and bottom lines same store sales increased by 2.3% and they have opened their 200th location an important milestone but there waser than expected guidance and saying in 2019 same stores sales will be 0 to 1%. and still planning to open 36 to 40 new shacks this year. and the ceo talked about recently opening up the first main plan china shake shack. 2019 will be the largest year including its office in hong kong they have had struggles with labor and wage pressures as well

erin: very hard to say where buffett's intentions lie.siness does look undervalued today than it probably did previously. investmentaround the needed from our vantage point. understandant to where it is -- as you look at some of the parts, where does the value like currently? and whichperforming are not performing? erin: it is a combination. that are -- there are factors that are starting to improve. increased volume consumption across geographic regions. there are some businesses that have been challenged, has evidenced by the apparent breakdown of the firm reported through the results. businesses that have not been performing art the retail business, the oscar meyer quote cut business. t business. those have been challenged, as reflected by the impairment. from our vantage point, we think the investment we had to -- behind the breath of their portfolio will be necessary. vonnie: one of the stocks that .s lower after this news what are the implications for the other consumer staples? i think there is just a sentiment in terms of the stre

ahead of that, let's look at buffett's latest portfolio moves.e came up with the new york post headline for -- >> now new york post is going to have that there say big ask show on monday. so -- >> she came out with bezos, yeah. >> i appear like a nice innocent -- but there is another side. >> you can write for the post. >> maybe one day in the meantime, though, buffett watchers and berkshire experts surprised by a couple of recent changes to the portfolio during the fourth quarter revealed last week in the 13 f filing. as of december 31st, berkshire hathaway dissolved its stake in oracle, noteworthy because that news sent oracle's shares lower, but also because the firm had only acquired a stake in the prior quarter and berkshire is known for holding positions for longer than that also berkshire hathaway paired back its stake in apple sending shares down on the news as well. reuters reported that buffett himself did not sell o, one of s associates did, to make an unrelated purchase berkshire hathaway had been adding or maintaining the apple posit

i don't think warren buffett, i don't know him. don't know his philosophy that detailed, but airlines? come on, charles, we lost a lot of money last 30 years trying to trade airlines. charles: 30 years but in the last several years as they consolidated down to a few, when you get a chance, check out five-year return between the airlines and s&p 500 it will shock you. it will shock you. they have no competitors. they parked half the fleets. planes are crowded. they make billions off baggage fees they didn't make before. they make billions off reservation changes they didn't make before. by the way boeing at all-time high, shows there is demand for airplanes. i don't know that it is that farfetched. what about takeovers in general though? if we start to see that, some people say that is late cycle activity. >> i think stocks, especially warren buffett might look at companies, i think they're a little rich, based on what he may foresee coming. so, if i were him i would be hesitant. i think he was a little hesitant in his letter. he di

buffett says he stands by the company. to buy more. >> what about these comments that were newsworthy? what were the most important things that he had to say time -- today? >> they sent their shares to a record low. investors were wondering if this was a chance for buffett to swoop in. he made it clear he does not want to do that. he doesn't want to sell any of his shares. he is not expected to buy anymore. that is a telling comment. it has been hard for these consumer companies. their dealmaking strategy has been troublesome as prices for businesses have risen. it is a sign that maybe he doesn't really want to go gung ho on kraft heinz. >> thank you so much for that. 's newest chip will connect to 5g. i sat down to talk about the into the latest move technology. >> one of the biggest announcements we made is the qualcomm parasitic technology. that is a technology that is allowing the first generation phones to have an all day battery life. less won't settle for any than what you have on your funds today. that is the bar.

buffett?n a style of investing of value investing i won't go through it but it comes down to buying businesses for the long term and thinking about what their intrinsic value is please read the piece to get more detail. this is the heart of what warren buffett does and he follows "the intelligent investor." which all have this long-term orientation that i personally believe is a good place for young, new investors to start. scott, not the only way to invest but a very good way to invest i want to stress here this initiative of cnbc and acorns is very, very important for all of us to get our financial literacy, getting better all the time, especially if you're new to investing. >> good stuff. check out jim's op-ed. thank you for that. >> you're welcome. >> see it on cnbc.com/invest-in-you we'll take a break and do final trades on the other side with expedia, i saved when i added a hotel to our flight. so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings wh

warren buffett berkshire hathaway is sitting on a big pile of cash.nts to spend it on a giant acquisition but doesn't see it happening anytime soon. our reporter joins us now. what does this say about the dealmaking outlook that is he have anys potential targets in his sight? -- haidi: we seem to have lost her momentarily. we will try to get her back to talk about warren buffett's dealmaking plans. up next, a representative from the hoover institution is optimistic about the u.s.-china trade talks. he is only optimistic in the short-term. we will have more discussion on that as well as who he sees as president trump's second leadership meeting with kim jong-un this week. this is bloomberg. ♪ ramy: it is a very big week for geopolitics ahead of the trade talks between the united states and china. --course, the donald trump donald trump in the vice premier meeting this weekend. thes discuss that with representative from the hoover fellowship. donald trump is saying we have made substantial progress in a trade talks with china. the structural changes we

or in buffett's performance would be horrible all right yes stacy was a well worn buffet performance last year berkshire hathaway shares fell big time and that is on the write down of kraft heinz investment the world's most famous investor had one of his worst years ever in twenty eighteen buffett's kraft heinz bet dragged down berkshire hathaway in twenty eight hundred conglomerate swung to a twenty five point four billion dollar loss in q four due to an unexpected write down at heinz and realized investment losses right so in other words the mergers and acquisitions you know they strip the company of all the value player right then they sticks tracked value they they they extract all the equity and they leave that debt and then the enterprise crumbles in the case of warren buffett you know these doing the stock buybacks which is you know used to be illegal until recently that's completely fraudulent and he has no governance or oversight whatsoever you know he's a more the one of the biggest are the biggest shareholder of wells fargo for example during that period when they were eng

it was put together by warren buffett.fettally, warren lost about $3 billion today in his stake. they did really well because they cut cost and the stock was trading around $90 a share, but what they haven't been able to do is go after another big deal. they went after unilever, because they would buy it and continue the strategy of cutting costs to boost margin, and they did not get that unilever deal. tehy have not been able to continue with that cost and gross sales. david: warren buffett with his annual report coming up tomorrow. emma: i wonder if he is redrafteing it. david: warren buffett has invested in iconic brands over the years, coca-cola and others, but you have said that kraft heinz has not invested in their brand. what happened? emma: that is not the pattern we have seen with warren buffett. but he is no longer on the board at kraft heinz, so maybe that is something playing into that. and we have seen what they have done with capital. they have really just gone down this cut cutting path -- cost cutting path

alix: part of that acquisition -- david: warren buffett. alix: they orchestrated that merger back in 2015. he likes stuff he can use, that he can understand. david: gillette, coca-cola, things he knows. this weekend and tomorrow we will get the berkshire hathaway annual report as well as warren buffett's letter. we will see what he says about kraft heinz. alix: a subpoena, disappointing quarterly numbers, then a write-down. david: and you have a company that had all of its momentum through acquisitions. the question is, what can they do other than acquire? they have taken the cost out, presumably. alix: if they are not, are we going to have to spin off, pare down? there is a lot to be seen with kraft heinz. looking at kraft heinz opening at a record low. overall it is a stronger equity market up by 11 points. euro-dollar hanging in there. we did get terrible data out of germany. ae sentiment really taking hit. german gdp underlying resilience in domestic demands, but inventories dragging on german growth. not a lot of movement in the curren

buffett noted, bonds look expensive relative to their history.if you have equities that are priced in line with history and bonds that are priced expensive, it makes equities look like the asset class of choice. >> you're a value investor what's your take on tech now >> well, it's funny what we call tech we own a lot of things the market calls tech. netflix, alphabet, apple, but when we look at the companies, we think of alphabet as an advertising company, we think of netflix as a media company, and apple as a consumer electronics and services company i think because these are network effect businesses, because a lot of spending is not on plant and equipment but is on r&d and electronic processing, more of the expenses tend to go through the income statement we think it makes gap income understate the value of the companies. for example, on netflix, you could look at that and say it is selling 100 times this year's earnings which makes it look very expensive, or say they look set to add 20 million subscribers that appear to be worth $1,000 each,

the man warren buffett goes to for advice how old were you when you figured this out ' >> about 7 >> the debit card aimed at kids. how parents can control what they spend, where they spend it, and even pay a little interest if they manage to save and the bizarre viral video that helped launch a successful ice cream company. "on the money" starts right now. >> announcer: this is "on the money," your money, your life area your future now becky quick. >> we begin with the cost of the college. somehow it continues to climb higher even with inflation factored in. but one university is experimenting with new ways for students to pay. our scott cone found one possible solution to the college cost crisis. it's this week's cover story. >> savannah williams is an education major in her third year at purdue university. she knew going in the manl wth s not on her side. >> i'm going to be a teacher and i won't make a whole lot of income in the future. >> how to pay for herd occasion without drowning in debt purdue offered an alternative. instead ever paying out loans, she'll pay a percentage of h

if it works for warren buffett, i'm sure it works for you.for me but goes to dani burger for the next chart because i fell victim to the big strap today. looking at just the naked vix chart american believe how much it had fallen it is a little bit misleading. burger,lations, dani you win. viewers can see both charts and you can choose your own winter. just use g tv on the terminal. out maria tadeo and dani burger. a look at european equities as we head to the end of the first hour of the session. we are looking again see or half a percent in frankfurt, 9/10 of a percent in move -- milan. not like the 6% gains we saw in china on trade optimism. that will continue to the day. this is bloomberg. s is bloomberg. so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and

it is important to have discipline but not the kind of warren buffett story right?e likes great brands because they're great brands and should be able to grow and thrive and not necessarily because you cut expenses down to the bone, right? i don't want to -- i hate to ask you this but what do you think he's thinking? >> i will you will ask him on monday. >> we will, yes. >> it would serve well to give an explanation of what he thinks went wrong, why can he was wrong, frankly i think one underappreciated aspect of the story is buffett lent the credibility and the all-american down home image. >> yes. >> because otherwise i think there's more resistance to this foreign brazilian private equity firm coming in taking over the iconic brands, laying people over. >> absolutely right. >> it went over before buffett was involved. >> leslie, that's the story of the 3g you know iconic now brazilian firm doing this with a number of different companies and industries did kraft heinz specifically go wrong with them? >> so the 3g mantra, founded in 2004 bravillian businessman know

warren buffett has been a long-time critic of cryptocurrencies. he called bitcoin "probably rat poison squared". "bitcoin has no unique value at all and that is a delusion," buffett told cnbc's becky quick in a " interview. winner: netflix's 'roma' made history with its oscar wins . . . cord cutters enabled netflix to search for a new disruptive media model and they have now made it more mainstream. netflix's "roma" won oscars for best cinematography, foreign film, and director on sunday. the cinematography win for director alfonso cuaron marked the first time a director of a movie shot their own movie and won using an iphone. ( james ) should i wait for a recession to buy a house?katharine ( ♪ ) dealing with psoriatic arthritis pain was so frustrating. my skin... it was embarrassing. my joints... they hurt. the pain and swelling. the tenderness. the psoriasis. tina: i had to find something that worked on all of this. i found cosentyx. now, watch me. real people with active psoriatic arthritis are getting real relief with cosentyx. it's a differen

year headlines of warren buffett warning against the government debt levels.'t know where he got the epiphany from, but do you share it? >> i'm more of a traditional it when it comes to death. i understand modern monetary theory relates to debt, which basically says okay to run with a debt or deficit so long as the economy has good capacity to pay it back. debt always matters less when interest rates are low but there is a traditional relationship between high out of control debt and even growth rates and we see a body of research that indicates high out of control government debt is still problematic and something that we ought not be careless about. charles: but, jonas, you know what? we had a report from the former chief of economist at the imf, oliver blanchard. despite the debt levelses that the united states should matter because the ability to borrow money, capacity to pay is growing faster than interest rates and interest costs this is person, another purist, if you will, who railed against the debt levels and deficits now saying it is okay! >> he is n

we'll speak with warren buffett at 12:00 p.m.al european time. >>> in europe, roche says it will buy spark therapeutics in a deal worth $4.3 billion as they look to strengthen their gene therapy portfolio. the drug maker sited specific interest in spark's hemophilia program. that's a premium of 1 2% now we will be speaking to roche ceo at 11 cet. tune in for that first-on interview. >>> in the chemical space, german chemical's firm posted a sharp decline and blamed higher costs. the group said 2019 earnings could be half the level of those last year. they announced that margins have been unusually high for the past two years and that they will drop significantly in the coming year now just to put that into context, one of the most cyclical chemical sectors, certainly sends some signals around the cyclicality and where we are in the cycle. now, switching gears, persimmon is under pressure. the reuters reports british housing minister james broken shire has, quote, increasingly concerned by a so-called help to by program it helps b

is there anything warren buffett could say on monday to bolster the investors hopes?d in the stock for the decline. >> i mean, i think over the short term it is really difficult seeing the stock having come in over two or three years and at the outset, speculation of m&a and the economics don't seem to warrant that anymore given where the stock is trading so you're basically left to organic growth and we haven't seen a history here where organic growth to make you anywhere, you know, confident to see an acceleration in the numbers going forward. >> all right john, thank you so much for your analysis >>> don't go anywhere. check please is next ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. has been excellent. they really appreciate the militar

coming up, buffett is still shopping.re -- brookshire is sitting on cash and looks toward a massive deal. more on that. this is bloomberg. ♪ , global coming up investment strategist at principal level investors. -- principal global investors. is "bloomberg daybreak. huawei announcing its folding smart phone challenge the one unveiled by samsung. it folds into a small tablet. it will cost $2600. the market for smart phones is slowing. they are searching for ways to convince consumers to upgrade devices. j.p. morgan chase is asked to leave its ipo. bloomberg has learned offering for the home exercise start up at more than a billion dollars. they sell exercise bikes and treadmills and livestream fitness classes. berkshire hathaway has a cash pile of $112 billion and is looking for a giant acquisition. buffett doesn't think that will happen soon. in his annual letter to investors, he says his misses with decent long-term prospects are looking for skyhigh prices to be acquired. that will lead brookshire to buy more public stoc

buffett does not think that will happen soon. with decent long-term prospects are looking for skyhigh prices to be acquired. buffett writes that will lead berkshire to buy more public stocks this year. that is the bloomberg business/. tom: thank you so much. the main meaning will be something good our chance there will be at the main meeting in omaha. beat, on the buffett which is a bead wrapped around playing the ukulele and smiling a lot. let's look at a chart that is not funny. this is a chart we showed friday. i can show you at the time cap, i got it wrong. here is -- using craft together. the failure of craft. here is where it was friday. we even turned up much lower again. if you say it over and nbc, does not want to buy more craft. what is next? guest: i think you brought up some good points. craft really stung on me. took a $2.7 billion loss because of the breakdowns. he does not want to find more. frankly, he cannot. he is sort of stuck with a lot of these positions that are because he is so big and so hard, tom: he can

buffett's letter tomorrow and then hearing from him monday and people upset about what's happening to the iconic brands and point the finger at 3g and berkshire and ask about what happened. >> why have they been in on the stock for three years on the decline? >> for sure. >> thank you for watching. >> "closing bell" right now. ♪ >>> good afternoon happy friday welcome to the "closing bell." i'm wilfred frost. >> i'm morgan brennan in for sara eisen might be a holiday week but it's felt busy and long right? >> four long days because they have been action packed as will the next couple of hours be. >> yes we pick it up there. the federal reserve releasing the monetary policy today. we'll break it down. >>> president trump meeting with the vice premier of china right now. we have got the headlines that are moving the markets from that full playback, as well, in moments of what they have been saying to each other but what does it mean for the markets? for the moment, the middle of the range up about a third of 1% the high of the dow for the day 202. the low up 55. currently up about 100 p

warren buffett on cnbc saying stocks look cheap but getting difficult to find bargains is he right?. general electric surging on news of $21 billion deal and stock up 45% this year alone. is it headed even higher biotech stocks soaring the names could be in the cross hairs, next, "power lunch" starts right now

warren buffett. he has like -- he has cash.le are trying to work out how do you play the yield curve? is this really come right down the curve and have a three-month taper? alexis: i think you have to be rather pessimistic about the outlook to see them cash is going to outperform in particular equities. you would need to see a significant correction in the equity market in order forecast outperform over several years. we still believe the global economy is going to avoid a recession. other major markets expect will fall into recession. we are optimistic that the premium for investing risky assets remain positive. nejra: the of the conversation is around the fed. we look for guidance in terms of speakers. around this issue of having average inflation targeting in comfortables being with overshooting inflation given how hard it's been to get inflation up to the target from here, and the environment you .ave jpmorgan do you see inflation overshooting would you be also favoring tips and gold in that environment? i think it's diffic

i wrote something called what makes warren buffett warren buffett. he is intelligent, unemotional, figures out what important, makes a quick study of what is toortant and he's not afraid lose a job. if you are afraid to lose your job, it's hard to do things that are bold. but being different and bold is necessary to be superior. long amounts of time in the wilderness. in 2000 when i wrote the memo, everybody was saying it's too bad about warren buffett. he has lost his touch. he didn't have any tech stocks. and a year later, everybody was saying what a genius. approach in the investment world. there is no approach which will always be right. no matter what approach you have, there will be times when , and then the doghouse more strongly you hold your philosophy, the more strongly you hew to it, the worse those times in the doghouse will be. and yet, what else is there? you certainly can't -- especially since you can't time it out. just jump fromo style to style to style and expect to have the right style at the right time. you have to hold to the sty

warren buffett takes a substantial hit.ask for extension, but is it just a delaying the inevitable?

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rams while buffett picked the patriots, looks like buffett has the winning record. >> really?he has predicted the winner 9 look at the wisdom on his face. >> he's due for a loss just like tom brady. >> really cute. >> hugh doesn't have a great track record. >> but he is streamlined. he's very fast, eats well, swims. he's an active manatee. >> he eats well and swims. >> he does. >> they should change buffett's name to buffet. >> i'm hoping it isn't buffet. >> maybe he was studying. that's why. >> right, right. >> thank you. appreciate it. >> you're welcome. >>> coming up on "gma," caught on camera. look at this. a teenage girl tased inside of her high school. her father not happy about this. he's coming out to say this never should have happened. you will hear from him coming up. >>> plus, we're taking to some of the hottest star-studded super bowl parties. the performances overnight ahead of the big game. >>> and it's the veteran quarterback versus the rookie in an in-depth look at the matchup. which team could have the edge with espn nfl analyst darren woodson. we'll be back

warren buffett is not giving up on kraft heinz.ct him to buy any more of the shares, though. we have more on berkshire. what did you take from the annual letter? >> it was kind of interesting. he does not expect a huge deal anytime soon, which is important given he has $112 billion in cash, so he could be doing a large deal, but prices are not reasonable right now. so i think that that is kind of talking about, how else will he spend his money. he spent a lot of the letter talking about his purchase policy. he normally favors buying businesses or stocks, but he changed that last year by buying back $1.3 billion in shares. and he explained that in his letter. that will help his successor, they can point to the fact that warren buffett himself did buybacks, if they need to. guy: he said he did not by the dip at the back end of last year because he was going to buy a business, do we know what that was or kind of which area he was looking in? catherine -- katherine: he left it a little unclear, but it was an interesting comment. they o

. >>> warren buffett already knows which billionaire he likes for president. monday he said that he would get behind michael bloomberg. >> i think he would be a very good president. he and i disagree on some things, but i think that he knows how to run things. >> bloomberg has not declared that he is running for office in 2020. a person familiar with his plan says the former mayor will not decide whether to run until march at the earliest. bloomberg was elected as a republican but is now a democrat. buffett says the businessman has the right priorities. >> i think that he has the wright goal for america, he understands people and the market system and the problems that go into the market system. i would have no trouble being for him. >> one billionaire buffett would not support, howard schultz who also has not declared if he is running for president in 2020. but the entire exchange had a lot of people equipping that big billionaire prefers another billionaire over a smaller billionaire for president, only in america. >> against the billionaire who is currently

did warren buffett say anything about that?ine: he praised the people who were promoted last year. he did not give any explicit directives on who will take over. he did talk about important issues that investors might care about after he is gone, including how berkshire should be kept together as a conglomerate, despite its wide-ranging businesses. he also talked about the purchases. i think that gives the successor a lot of flexibility to say, buffett actually did share repurchases and said the company should stay together. that might be helpful for his successor. haidi: what does the letter tell us about buffets view of the current political situation in the u.s.? katherine: he went through kind of american prosperity and how it has been incredible over the past several years, but he threw and some lines that are interesting. he noted prosperity has been gained in a bipartisan manner. you could read that as his view about how the contentious nature of the u.s. political system. he also talked about it is beyond arrogant for a

he's not the first and warren buffett is brilliant. i take nothing away from him.the very, very wealthy who say, you know, we should pay more taxes. it's not just the mega wealthy. a lot of millionaires in new york, high income individual whose have been advocating paying more in taxes as well. there is a push certainly among democrats to make sure they do. what do you think's going on here, andy? >> if they want to pay more in taxes, they absolutely should. you can do that. as a matter of fact, last year, i found out during the confirmation process for secretary of labor that i had underpaid some payroll taxes. i paid them, and the government sent the money back. at the end of the year, i contributed an amount equal to what they sent back to me because i owed the tax. if you feel like you want to pay more, pay more. stop contributing to these foundations that just transfer your funds out of your estate prior to your death so they can employ your children for decades. pay-down the deficit. go for it. >> neil: i'm more concerned about the fact that it's tilted. our

who the country is that just said no to vice president mike pence, but warren buffett's green insights and we're not talking about green energy you've got to hear this one, 5g portfolio picks and charlie breaks it on netflix, oscar surprise we're less than an hour to the closing bell on this monday, busy day guys you're in the right place. let's start the countdown. we have some breaking news, mark the dow right now, up 106 points the breaking news, somewhat unthinkable just a few weeks ago is now happening. the united kingdom's opposition labor party which fought bitterly with prime minister theresa may now says it is prepared to support holding a second referendum which could potentially reverse the uk's decision to exit the european union this coming march 29. a spokesperson says no word yet on the timing of the second referendum. this all depends on the " circumstances" but labor leader jeremy corbin, whose been a side of the conservatives and sort of the stay folks people who wanted to stay with the european union now says the party will back another vote on whether to leave known

warren buffett on cnbc saying stocks look cheap but getting difficult to find bargains is he right? we'll debate that. general electric surging on news of $21 billion deal and stock up 45% this year alone. is it headed even higher biotech stocks soaring the names could be in the cross hairs, next, "power lunch" starts right now let's get a quick check on the markets this hour. stocks here off of session highs. dow up more than 200 points earlier in the session today's gains fueled by president trump saying he'll delay tariff hikes and nasdaq up for the 10th time in 11 days check on s&p 500 we're going to be watching that level carefully to see if we can hold above 2800. financials, best performer of the latest sector to exit territory. morgan stanley leading today's gains. bob pisani at the floor of the new york stock exchange. >> reporter: no particular news headline but 2800 was the old high in december december 3rd and went all the way down to 2351 as i recall come completely all the way back essentially, 2800 to 2350 back to 2800, losing a little steam we've had some big movers

warren buffett, what am i going to do? argue with him that's never been a great call no more excuses. i'm helping you form the necessary investing strategies you need at all stains of your life from young to old i'll meet you where you are and take you where you need to be on "mad money" we're kicking things off by beginning in the crib forget binkies here are the two stocks you should be buying to give a newborn a much needed head start. then teenagers have a lot to learn. there is an important lesson everyone can get from them at well i'll fill you in plus from your 20s to your golden years where your money should be sitting at any age stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an mail on madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. >> the most interactive show on television. >> if you can't explain in three bull bets why you're buying a stock. don't buy it. >> follow

warren buffett's right-hand man charlie munger talking apple at an event yesterday in l.a. he said. >> i don't know why apple stock is going up or down. i know enough about it, so i admire the place, but i don't know enough to have any big opinion about why it's going up or down recently part of our secret is that we don't attempt to know a lot of things we have -- i have a pile on my desk that solves most of my problems it's called the too hard pile, and i just keep shifting things to the too hard pile every once in a while an easy decision comes along, and i make it that's my system everything is the too hard pile except for a few easy decisions which i make promptly. >> i am going to develop a too hard pile, i think that might be a way that i can sort my life out we are going to hear much more from charlie munger coming up later on this morning. he is sitting down with our own becky quick. be sure to catch that interview 7:00 a.m. eastern time on "squawk box" right here on cnbc. >>> well, time for this morning's top trending stories bertha coombs is back with those stori

known because berkshire hathaway owns forty three million shares but i recently heard that warren buffett had done none of the research on that he said it's not his play so as other people are hathaway the pull the trigger on those forty three million shares so just because it says burke's year doesn't mean that's buffett approved oh yeah that's very interesting it absolutely you know i want to get to one more before we run out of time we don't always talk about this but vaccines i mean they're super important to protecting people's help obviously but they're also big bucks in big business so what can you tell us about this company that's a bit in the news just a little bit noble back in their work in back seeing development. sure and i wanted to bring it up first word of caution i always think the cheaper the stock the risk here it is because it has yet to prove itself so this is a cheap two dollar around twenty three cents stock which to me could be dangerous because it's speculative but that does offer more upside and they've got two big vaccines they're working on in two thousand and