is there still out buffett premium?um is back on track basely gone right now it can outperform the s&p 500 and the next five and ten years. you can see financial break above the company, you'll probably see a dividend in the next couple year end a bigger stock buyback. >> did this happen before the succession to you think buffett will even start to sell or spin assets as part of the succession? always the debate they hold something forever. >> he likes to hold things forever and i think the view may be heat waits until he departs. i think there might be a bigger buyback program in the next year or two. there's also the possibility of the dividend, the companies holding a lot of cash and not doing much with it. there's a possible he, slim on the mic some major sale of businesses. >> with debbie good idea? >> that would be a good idea if they're large and almost unmanageable right now. he doesn't really manage it that well or closely. i think it will be a challenge for his success to keep the company together. >> so that

a a long-time follower of warren buffett.e fact that my 401(k) buys every two weeks so i, too, hope that stocks do go down every once in a while. becky, thank you very much we'll see you shortly. >>> a sign up for cnbc buffett watch newsletter get a weekly round up of all things buffett, on berkshire's top stockholders, exclusive clips from our warren buffett archive for free from to your inbox. >>> on deck for the show, we'll break down the moves you need to make in the trading day coming up ahead as stocks face renewed turbulence the dow right now, you can see they're down by 8800 points you can watch us live on the go on thenbc capp. "worldwide exchange" is back >>> it's a big market day coming up the market selloff has accelerated over the course of the last hour. dow jones down by 100 points than before. down by almost 800 points. just in the past few moments, the oracle of omaha, warren buffett speaking with our own becky quick talking about how he feels about the selloff environment for stocks take a listen to what he

jack: warren buffett is at the helm of berkshire hathaway since 1965 with buffett now approaching 90r at what might the conglomerate due next to boost the stock? barron's associate andrew berry joins us now. you report a thousand dollars investment berkshire hathaway back in 1965 would get to about 20 million now versus i don't really have a hundred 50000 if you just put that money in an index fund, which didn't exist back then. but the same time wall street is not very happy with the article is going on? >> the reason is that investors worry about succession, who can fill his giant shoes. most of there's some concern that berkshires holding a lot of cash, over $100 billion in the buying back very little stock and not paying a dividend. >> with that huge cash power has everyone itching for him to make an acquisition. >> i think some possible targets include airlines, which she likes, delta airline southwest, other possible targets could include fedex, ups, carnival cruise lines and even walgreens. kennedy: see you obviously have a better view of a berkshire hathaway than wall street

with baze those for a 2nd ok buffett is in the state mandated monopoly business of insurance which is predictable and he spent his entire career gaming the system to make it easier to leverage that income from insurance to get ever more risk less that's to say no risk rates of return and then it takes to t.j. norma's positions in companies that have sense done well but he is very different than jeff bezos who's in the essentially the retailing business who's taking a risk every single day that you might not buy or sell what he's selling or you want to go to his platform jeff bezos is an entrepreneur warren buffett is a ron t.j. this is very very different animals in the business world and he also is a huge owner of pacific union and also utilities across america. pacific union chairs are out there like they're treated like dot com shares right now and it's the same business like it's today. only income he like what he says himself he likes moat obviously somebody a railroad there's only one rail that goes through town and if you own it you can charge what you want but you know i also

or sell what he's selling or you want to go to his platform jeff bezos is an entrepreneur warren buffett is a run t.j. this is very very different animals in the business world and he also is a huge owner of pacific union and also utilities across america. pacific union chairs are out there like they're treated like dot com shares right now and it's the same business like it's today. only income he like what he says himself he likes moat obviously somebody a railroad there's only one rail that goes through town and if you own it you can charge what you want but you know i also want to talk about another story that you've linked to and you had ended your interview with chase and touch show the german guy by talking about comparing the contagion as we started at the top of the show with the corona virus and compared it to financial virus and contagion and at the same time but now it's to us jim records was also talking about the same thing and it's quite interesting and let's talk about that records what happens when a biological virus turns into a financial virus you know the markets are

ponzi scheme that's jeff and paulette karpov so they thank god he stole $377000000.00 from warren buffett who's the value investor who's supposed to know better and do the due diligence well what does warren buffett and ray dahlia the manager of the biggest hug it's fun in the world have in common they're both underperforming the market so they're totally overrated and i'm not surprised you got taken in by apologies game because use overrated it's not that smart it was just about warren buffett another example of how clueless he is. after the internet boom started in the mid ninety's after well after he started by newspapers clearly there were going to be disinterred mediated by newspapers well just this week last week he announced he wants to sell these newspapers because he just figured out that it's oh no go where business and he's going to lose money with i'm sure so here's a guy who's critical of bitcoin and critical of technology but was by you newspapers as early as you know 1015 years ago claims to have some special knowledge of the underperforms the market so why is he interviewe

that adds to his allure as the brookshire who to replace buffett with. buffett with.♪ ♪ ♪ ♪ wherever we want to go, we just have to start. autosave your way there with chase. chase. make more of what's yours. there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america. it's more than 10x faster than some other 5g networks. and it's rolling out in cities across the country so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in frigid omaha. almost 2 gigs here in los angeles. that's outrageous! it's like an eight-lane highway compared to a

we're back with warren buffett right after this key.support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seizures, new or worse heart or blood vessel problems, sleepwalking, or life-threatening allergic and skin reactions. decrease alcohol use. use caution driving or operating machinery. tell your doctor if you've had mental health problems. the most common side effect is nausea. quit smoking slow turkey. talk to your doctor about chantix. >>> good morning and welcome back to "squawk box" on cnbc live from the nasdaq market site in times square. stock futuresare tumbling, plummets as the spread of coronavirus accelerated outside of china

who else but warren buffett. the latest filing from berkshire hathaway showing outsize moves from omaha her here is the rundown to berkshire started new positions. kroger getting a pop 18 million new share stake over the quarter. biogen over the new stake. and berk shir bought the spy and the voop ber berkshire remember it it could be warren, todd combs, doesn't mean warren himself. berk shir raised stakes in general motors, occidental petroleum. resortation hardware and sun core energy. by my math he sold a massive 60 some million share stake in wells fargo and trimming goldman sachs, tim seymour, there is more to dig into here. what if any of the moves sticks out to you. >> the move in kroger certainly is interesting because first of all kroger had a massive move in year end depending on again you get the information it's dated in hindsight. but you knowthe question for me -- profits in supermarkets are going one way. look at this going down and ultimately you have a dynamic where you have a very overstored com

gum detoxify, from crest. >>> welcome back warren buffett has called the coronavirus scary stuff. he said stocks shoiuld not be sold off because of fears. and that the virus has not changed his actions. >> it doesn't mean stocks are going to go up or down if you liked to own american businesses, you get a chance to buy them 3% cheaper. i don't consider that that much cheaper. if you have to sell them, you are worse off. somebody could come around and offer you a quote on your house and it could be 2% better than yesterday but if you liked the house, it doesn't make a difference to you. >> does that mean berkshire will be buying stock today? >> we won't be selling >> he says several businesses have felt the impact from the coronavirus. >> we have maybe 1,000 dairy queen franchises in china. they are treat only. a great number of them were closed certain of our companies have supply chain issues. i got one like carpets, you name it i guarantee significant percent of our business is impacted. >> just in response to what mr. buffett was saying there about it not changing his long-term

it's not true. >> and then dan spoke about his ex-fiancee, rachel buffett.e hardest part of being in jail was missing her. >> if i was given the opportunity to talk to my fiancee right now, i'd either say can i be with you out there or can you be with me in here? >> here in jail with him? an unusual comment. was there any possibility rachel had something to do with these crimes? you think dan's protecting rachel, or is rachel protecting dan? >> dan would be protecting rachel. rachel's protecting rachel. >> you think she knows more than she's saying? >> oh, definitely. >> just what did rachel know? i asked her. >> this is my name. this is my life. this is my entire future. and i have nothing to hide, and i'm innocent. >>> coming up -- rachel the actress or rachel the accomplice? >> police and prosecutors don't believe you were honest with them. >> mm-hmm. >> were you honest with them? ♪ ♪ ♪ applebee's new irresist-a-bowls now starting at $7.99. now that's eatin' good in the neighborhood. so chantix can help you quit slow turkey. along with support, chantix is

brian: warren buffett called us. david: he did? into called and the call centers and asked to speak to me. anybody totransfer transfer you to the ceo, so he found an investment banker. him.ked to he basically said i want to make an investment in the company. i said we don't need the capital. you needs stability, the capital will do you good. that was 2011 when the world was interesting because the government was going to default. you had real uncertainty about the litigation out of the mortgage industry. from that day forward once he put the money in, it was the smartest investment in the world , $5 billion overnight in the company. monday and wem on had the agreement signed on tuesday and the money by thursday. he does that. you iferesting thing is , you hadon shareholder to have courage at the time. david: he bought was the stock was half of where it is now. money todaye extra and wanted to buy stock in the bank, should i buy her bank stock? brian: you would do well. you would do well. we have the best franchise across all the bu

warren buffett tells shareholders not to worry about the road ahead.e on the investors and will --ter up next best annual and will, letter. --us: and, front runners more on the democratic primaries, right here on bloomberg. ♪ manus: it is "bloomberg daybreak: europe." i am manus cranny into by. nejra: and i am nejra cehic in london. we are seeing pictures of president trump and the first lady arriving in india. president trump arriving for bilateral talks with narendra modi, it his his home state. manus: let's get a quick subject of the markets reassessing risk. south korea most of the highest warning in terms of the health warning. australia warns against travel to south korea and japan. msci is excluding dust japan is closed. s&p futures in a four-day decline. equities taking a tumble on the futures. money goes into bonds. governorn, kuroda stands ready to do what it takes. nejra: as we kick off in new week, we might end up seeing equities wake up to the economic pain treasuries have been signaling. annmarie hordern explains in this morning's chart t

buffett as opposed to his portfolio managers he is playing with a lot of house money in the apple stake noted that he did not sell off more. >> it would have been big news if he backed off the apple stake which he has not apparently. >> all right have a happy valentine's day a three-day holiday weekend as well that does it for "closing bell." >> "fast money" begins right now. >>> yes it does, happy friday. live from the nasdaq market site over looking times square. this is "fast money. i'm brian in for melissa lee traders are tim seymour. jeff mills welcome brian kelly and steve grasso tonight on fast. shares of canopy growth sparking a rally in the pot stocks. why bad news is not so bad news in this sector we'll dig in plus for your chart of the week we look at a name we all kind of left for dead not long ago well maybe not everyone around the table. ishe

brian: warren buffett called us. david: he did?an: he called and got into the call centers and asked to speak to me. they don't transfer anybody to transfer you to the ceo, so he found an investment banker. they worked with the cfo and they called and i talked to him. he basically said i want to make an investment in the company. i said we don't need the capital. he said, i know that is why i am calling. you needs stability, the capital will do you good. that was in 2000 and 11 when the world was interesting, because the government was almost going to default. you had real uncertainty about the litigation out of the mortgage industry. he put the money in. from that day forward once he put the money in, it was the smartest investment in the world, $5 billion overnight in the company. he literally called me and i talked to him the first time on monday at 11:00 and we had the agreement signed on tuesday and the money by thursday. he does that. the interesting thing is you if were common shareholder, you had to have courage at the time

buffett said he uses the iphone simply as a phone.e already has an ipad to check his stocks. >> better than that rotary phone. those are your "tech bytes." >> that phone still works. >> the rotary phone? >>> actor, activist and artist, lucy liu. >> self-checkouts are here to stay. the new technology they may be featuring. fighting climate change isn't just about polar bears. we're fighting for our lives, we're fighting for clean air and clean water. that's why i wrote the law to send billions from polluters to communities suffering the most. and only one candidate for president was with us back then, tom steyer. and he's still fighting for us, pledging to make clean air and clean water a right for everyone, regardless of your zip code. that's the truth. that's tom steyer. i'm tom steyer and i approve this message. grand now we have to deal withed us this.rs. climate change is an emergency. that's why i wrote the nation's most progressive climate law. and that's why i'm endorsing tom steyer. because when big oil tried to stop our clean

buffett? >> apple definitely helped.ing is this problem of buffett has too much cash on hand and he can't find good ways to deploy it in higher returning assets. apple is the biggest bet of his in recent years. francine: why is it so difficult to deploy cash? >> he is looking for well priced deals and that is hard to do when you see the s&p at this level. he is really careful and that is why many shareholders really appreciate buffett, saying that is fine and let him wait until the markets reconcile. for others, i think the weighting has been a bit too long. it has been a decade of shares underperforming. francine: do we have any idea of what kind of company he would be interested in? is there a place in the market that is unloved where he could get those kinds of deals? >> interestingly enough he bid for tech data core at the end of last year and i think it is a perfect company for him. and theon technology ecosystem around it and he actually failed to win that deal because of private equity. 500 byderperformed s&p 283

the buffett stock, berkshire stock, if you had bought n.c.b.d through all its problems, today, june 30, 2019, $2.97 million. romaine: if you are walking into an office, what then becomes the selling point beyond the economic boom and other things from an investment standpoint? what do you sell them on? u.s. showing of companies? >> they need to think of singapore and the western hemisphere. romaine: singapore and the western hemisphere. that's a bold claim. >> it should be. we are next door to one of the largest markets like singapore to china. jamaica to u.s. nd panama canal. oe: the c.e.o. of the jamaican stock exchange to improve corporate governance. what kind of evidence that that is happening? >> they have a mentorship program for the junior market and nasdaq platform is now running the stock exchange and brought people on there to help with corporate governance. we are using harvard case studies for the governance. joe: david, very interesting. this is bloomberg. ♪ joe: regulating canada. a much coveted approval to begin operations in ne

warren buffett gets into etf's.ett gets into etf's for the first time, berkshire hathaway discloses holdings in two exchange rated funds. one of the world's biggest etf developers ways into the u.k.'s celfin vested pension markets. how far will it shake up the industry? and making a mid-for the first time in its 1000-year history, the royal mint is launching an exchange traded projects. we will discuss it's worth than gold. let's kick off with news that the world's number two etf providers getting into the u.k. pension market

back --ing the company david: you had to code warren buffett. >> he called us.ut $5 billion overnight into the company. david: if the president called you and said the country needs you to be secretary-treasurer, you would say, costa rubenstein? [laughter] >> would you fix your type please? david: people would not recognize me if i fixed my tie. ♪ i don't consider myself a journalist. nobody else would consider me a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tech? ick? let's talk about your career at bank of america and how euros up and became the ceo because i think that is quite interesting. to go back to your background, you are from ohio? and your father was a chemist? >> yes. david: was it dupont? >> yes. david: you the sixth of eight children. >> yes. david: you have a children and you share a lot? >> yet to be very aggressive about getting your share. [laughter] david: he went to brown university and with the coc

this morning, we heard from warren buffett who said you have to take the long-term view of these thingsthey come and go there's always a crisis. is that not -- can you be that long-term oriented, i guess you can if you're young enough or made your career like buffett? but on a day like today when people are trying to figure out growth and supply chains, what's your advice? >> i think the market can go low. keep in mind, we've had an incredible year. we have known for a while we have to see a slowdown the coronavirus swing has been going on for a while as peter pointed out there have been a number of markets like the bond market. oil prices are way down. gold is up copper prices are down i think it's been a bit weird that stocks have done so well, compared to everything else. >> when you both say a slowdown is coming, do you mean a first quarter 1% gdp number, or do you mean something more serious than that >> it's an i don't know answer because we don't know how long this goes on last year, growth around 2%. earnings were basically flat so, now you can say maybe at best we'll get 2%, pr

buffett announced. trading around 175 or so you think it's a huge valuation company.h the move we have seen only trading 19 times next year's numbers it's cheap looking at earnings growth margin are improving it continues higher into earnings in march. again we've been talking about it stay with r.h. >> i can't disagree with the fundamental part of this but this thing has been on an absolute tear. to me the way i trade this where it's straight up and you have news that buffett buys you start trimming a third at a time take a third off here. see how it trades. maybe another third off. at some point this thing is too straight up. >> it's a case where looking at the other housing trades that i think are emblematic of what's going on not just in-housing but sherwin williams and other names way to play furnishings in the home this is why the multiple continues to move higher people are not necessarily buying new homes they are fixing up the ones they have it's not quite a fix up. it's expensive furniture but people have equity in their homes and spending it. >> the thing t

. ♪ warren buffett has issued his annual letter to the shareholders.ll take over when he retires. su keenan has more. >> we did learn that there were , he reallyuisitions praised his portfolio, 248 billion stock portfolio, and talked about how it was important to justify the investments he had made. far more than dalliances. he also spent a portion of the letter detailing how an accounting difference creates a results. capital gains are at least equal to the individual companies. he talks about the value of the 44%, helped by, the best year for apple. apple, bank of america, and coca-cola, some very big holdings. his own berkshire hathaway shares did not fare quite as well, posting their worst underperformance in decade. a lot of people have looked to buffett to buy these various companies and he has been struggling away -- struggling. succession, get to which is what every buffett watcher cares about, we are getting these numbers from china . 409 additional coronavirus cases. by 150.h toll rising 2592 total deaths. to 77,150. rising 24,734 virus patie

is buffett going harder into luxury retail? he is thinking about that consumer.kshire hathaway selling goldman sachs. which is interesting given the kind of news we've heard. a brain drain. some departures of key executives. berkshire cutting its holdings after four quarters of no change when it comes to that position. >> there that long history of goldman sachs. >> we also want to mention we will have coverage on some key voices from washington. wall street week, zedd 6:00 p.m. on bloomberg tv. looking forready the decline. oil demand is lower than it was a year ago and world oil demand will be much lower than is anticipated. inh think it will be lower growth than other people think. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your busines

i think buffett has discovered a way to buy this at a reasonable price.eth nine and kroger is a tough market business but it's going out there. these regional grocers run into trouble and some of them are closing stores. some of these customers are good and epic kroger, so there's an opportunity there for them to benefit. jack: thanks jack, we want our viewers to leave with actionable ideas what are yours? >> we are looking at caterpillar earnings dip this year but if you look under the hood they are improving their profit margins and you're getting a 3% yield on this. the nine they always think it's a micro trade but it is really a company that can improve itself over time. it has done that. jack: so the trade ideas you have to have big building to go on. >> but margins are improving the matter what. >> i'm into something boring, rebalanced take money idea growth stock and add some to value. like iwc to do that earnings are normal, and there's no room for mistakes. jack: think that's really important point. people think that the fangs are the only way to

david: you called a man named warren buffett? brian: he put $5 billion overnight in this company. david: if the president of the united states said the country needs you, you would say? brian: call mr. rubenstein. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? let's talk about your career at bank of america and how you rose up and actually became the ceo. because i think it is quite interesting. go back to your background. you are from ohio. your father was a chemist? brian: my father was a chemist, yeah. david: for dupont? brian: yeah. david: you were six of eight children. i guess you share a lot. brian: you have to be aggressive getting your share. let's say that. david: ok. you went to brown univer

so billionaire warren buffett is one of apple's largest investors.antage of one of his shareholder perks. >> this is breaking news. buffett has switched from using a burner phone, i mean a flip phone, to an iphone. he told cnbc he made the change recently. buffett says he uses the iphone simply as a phone. he ain't on the gram, people. he joked he might crush his flip phone at his company's annual meeting in may. >> mr. buffett who apparently is a friend of the show, "world news now," he watches us. >> okay, okay. >> do you have a rotary phone? like one of those old-school in the house? >> don't you get frustrated sometimes and want to go back to playing snake on a flip phone, being able to slam the flip phone when you're mad? this conversation's over! wait until 8:00 p.m. to use your minutes? get scared of the internet because it costs too much? >> now you're telling your age, you're like 8:00 p.m. she needs more minutes, nights and weekends. >> this man has $70 billion. that's "b" for broke -- that's us. compared to him, everybody is broke. worth o

did you have to call warren buffett? >> warren called us. if the president of the united states called you and said the country need you to be secretary of treasury, you would say --? >> call mr. rubenstein. could you fix your tie, please? >> people wouldn't recognize me of my tire was fixed. there we go. ♪ >> i don't consider myself a journalist. no one else would consider myself a journalist. anegan taking on the life of interviewer even though i have the day job at a private equity firm. how do you define leadership? what is it that makes somebody tick? let's talk about your career at bank of america and how euros up and became the ceo. let's go back to your background. you are from ohio. your father was a chemist. for dupont? you are the sixth of eight children. forth.re a lot and so >> you have to be very aggressive with stuff, getting your share. university to brown and you were the cocaptain of the rugby team. rugby is a tough sport. i assume that is not as tough as banking, or is rugby tougher? >> i was never in there, because i was

. ♪ francine: warren buffett gets into etf's. -- warren buffett gets into etf's for the first time, berkshirediscloses holdings in two exchange rated funds.

who owns a lot of utilities around america warren buffett is a great hero of the resistance on the left and the democratic party how does china in terms of there are major competition there this is what all of our energy policy is really about is our arrival of china so what are you seeing there how are they deploying these sort of technologies they probably don't have incumbents because they're basically a developing nation have the electricity is mainly state owned enterprises and up but i have seen smart grids pioneered by the tech companies the $0.10 have a big one hallway has a big one dashboards you know there's $50000.00 cameras in the city dashboards can see the whole city that goes along with the electrical grid side where they can monitor you know the internet of things where everything has a sensor in the future everything's going to be censored in monitored so that's we can create the efficiency so yeah china like in every other technology is not standing still they're moving faster and faster they're welcoming of course a lot mosque is building his new electric field called

isn't sweating it but not all of us can be warren buffett yeah exactly so people that see in the short term are freaking out right. >>you suggest just taking that long view well we'll just a couple of things first of all the roses a silver lining us there's always a silver lining in these disasters and if you're currently working and you have a 4 o one k plan. last year you are buying mutual funds. and they were really expensive and you didn't blink an eye. now they're really cheap because the market has has gone down. but but those individuals that after last year when they had profits they reorganize or portfolio to put some cash some in fixed income. they move from from a growth companies. that onto altering the slow economy to to value companies, they're only got about half of what the markets are right now ok real quick before we have to wrap of small businesses and small investors don't have as much panned for its trend of things you're talking about your advice of marginal effect right now i just think we need to keep doing what we're doing until china gets the main control over