jeff bezos, elon musk, warren buffett. the richest 25 people paying less in income taxes than most american workers. >>> good evening and it's great to have you with us here on a tuesday night. and there are several developing stories as we come on tonight. we're going to begin with that new warning from president biden about the delta variant first seen in india, now the dominant strain of coronavirus in the uk and spreading rapidly among young people 12 to 20 years old. dr. anthony fauci saying tonight, we cannot allow that to happen here. dr. fauci also warning americans that a study in the uk shows that the pfizer vaccine, for example, is only 33% effective against this troubling delta variant after one dose. but that it's 88% effective after two doses of the vaccine. of course, underscoring the importance of both shots. tonight, the numbers here. 171 million people in the u.s. have received at least one dose. that's 61.2% of everyone 12 years and older. and there's news tonight about children in this country and the v

warren buffett is sort of one of the best examples of how this works.kshire hathaway famously does not pay a dividend. and because of that, warren buffett's ince as a major shareholder ends up being relatively low every year for someone with as much money as he has. so his wealth shot up by tens of billions of dollars in it a five-year period when focused on in our story, and he paid in the millions in taxes. that is because his company is structured in such a way use never really realizing those gains in a way the u.s. tax system recognizes. juan: what would be the ways that the government could be able to move into this whole area of wealth versus income in terms of -- obviously, a lot of these ultrawealthy people like michael bloomberg and soros and buffett end giving a lot of their wealth to foundations as a means for them to avoid paying even a wealth tax for the end of their lives. >> yeah, it is one of the aspects of the system that if nothing else, if you do donate your money to charity, there's not going to be a moment when those gains are taxe

jimmy buffett -- >> me, too. >> jimmy buffett, thank ou very much.ies you won't want to miss from new movies to new museums. we'll be right back. chchase first t banking. a a debit cardrd and app f for, anand tools fofor you to t th themem good moneney habits. set t account alalerts, savings gogoals, allowanceses and choreres fromom your chasase mobile a . all with n no monthly y service. chchase first t banking. >>> have you heard of -- okay. we're having a good conversation at the table. nate, thank you, thank you, thank you. >> yeah. >> thank you for having me. had a great time. >> thank you for taking time out of your schedule. >> how does our briefing look compared to the nfl briefing book? >> hadthis is like a phone book. >> is it? >> we're pretty straight forward, all football talk, xs and os, we'll get the guests in and out. i like the style in the morning. >> we love having you here. we hope the xs and os end up at the table again. >> appreciate it. >> con ♪ talking about thahat, ♪ hey jajason, try t to catch on of mymy chocolatete croisst b

you have buffett donating to two buffett charitable trusts.e, charles, to give away 99% of his wealth in 2006. shows you the rich continues to get richer and america is the best place to do that. charles: absolutely you can become a millionaire. even a billionaire. susan, thank you very much. the man who is not ashamed of all his fabulous wealth, trend macro, don lufkin. you've been like scrooge mcduck, counting your gold coins. i'm glad you're here now. i got to ask. we hear from liberals, two narratives, one the american dream is dead. they say there is more upward mobility in europe and on the other hand we should punish the rich anyway. your thoughts? >> those numbers thaw come up with are so phenomenal how you can make money in america, you can still do it in america but is it the past tense? is that the america that was or the america will be? those fantastic wealth creation statistics that occurred even when a pandemic was going on, that was in the trump regulatory taxation environment. what will happen in the biden, taxation an regulat

they looked at years of tax returns from thousands of the wealth crest including warren buffett, jeffelon musk. >> we had to work months on this to get it into shape where we were satisfied it was accurate and it was saying something clear. >> take a look at amazon founder and ceo bezos. according to propublica reporting, his wealth increase and he paid nothing in income taxes. neither did elon musk. not a penny from george soros from 2016 to 2018. and it's all legal, thanks to u.s. tax codes, which focused more on wages as opposed to investments which are usually taxed at lower rates. that's something billionaires like bezos can take advantage of along with complicated tax loopholes and write-offs. propublica says now that the world's richest wealth grew. he only paid $973 million in taxes at a rate of 1%. >> if you're like jeff bezos sitting on top of this wealth and getting richer by the day, that doesn't get transformed to income. you don't have to put that on your tax return until you sell your stock generally. >> reporter: and for buffett who said in the past he favored raising

liz: the world's seventh richest man making some big moves this morning, warren buffett announced hisd melinda gates foundation. there he is doing the famed, yes , newspaper toss, because both of them used to deliver a paper route. they had a little paper route when they were both kids. buffett doing so after reaching a major milestone in his effort to give away 99% of his fortune to charity his latest distribution of $4.1 billion of berkshire hathaway shares now at the half way point of his goal of giving away his entire berkshire hathaway stake. now when buffett made this pledge back in 2006 he owned about 47 5,000 berkshire axe shares and 15 years later and billions in donations now the founder is at 238, 600 shares all total worth about $100 billion. as you look, right now, berkshire shares may be moving lower but year-over-year the a shares are up more than 53% and buffett's resignation from the gates foundation board follows his giving co-founders bombshell divorce announcement which left many questions swirling about the future of their philanthropic venture but just because he

he's worth far less than buffett or musk or bezos. but a past investigation by "the new york times" found trump did not pay more than a few hundred dollars in federal income tax several years in a row. again, assuming you are reporting your taxes honestly, some people are able to structure their taxes to avoid paying them at all. the poor in america generally also don't pay federal income tax. so, lauren, marcus, the burden of funding america falls mostly on the middle class. >> a lot of charitable donations as well. thanks a lot, scott. >>> we're moving you forward with more local news. we've just added another weekday newscast. "nightly news," you may have noticed, is at a new time period. >> local 5:00 p.m. news is staying in its regular spot, right after "ellen," followed by another local 5:30 newscast, then one at 6:00 p.m. lester holt has "nbc nightly news" at 6:30 p.m. then a brand-new program at 7:00 p.m., nbc bay area news tonight followed by "access hollywood." >>> coming up, a major donation to keep newsom from being recall

. >> rachel buffett and her fiancÉe live near sam. really nice to everybody and like to have fun and hang out with everybody. >> and everyone liked to be around him to. but there was something about sam that very few people knew. he suffered from night terrors, a sort of psychic souvenir of the battlefield. sam did share that with -- who was also a war veteran. >> he'll tell me sometimes that he feels like he will be sleeping and he'll wake up in his sleep and he will be in a foxhole. so, he'll start screaming, looking for a weapon, he'll wake up sweating and just, you know, very stressed, i guess. >> that is tough. >> it is very tough. >> that, said reuben, sam seem to be coping. and then came may 21st 2010. julie was going to hang out with her brother. he was getting married and she really was helping with the wedding plans. >> and then after, i was cooking in the kitchen, jill said, by mom. i am leaving. and then she just went out the door. >> julie made it safely to her brothers on long beach. they had dinner together. he asked he

thin they asked, do you agree with warren buffett when warren buffett said bitcoin is rat poison?l support of the cryptos. lauren: institutional spot is somewhat there, but the traders like to play with crypto on their own. >> that is money. 42 minutes into the trading session. dow's up. nasdaq is dead flat. bitcoin is at 33,900. >>> now school board, meeting of the school board in loud down county last night looked more like a wrestling match. watch this. >> my child is -- [inaudible]. as long as you marxists put your unconstitutional decisions on my child -- [inaudible]. stuart: more video from the chaos that erupted. we'll show it to you later in the show t was chaos. president biden dispatching firearms, trafficking trying forces to liberal cities across the country. we'll talk about that. but first though, the governor of florida signed a new bill requiring students to learn about the evils of communism. florida congressman, and parent greg stuebe, here on that after this. ♪ incomparable design makes it beautiful. state of the art technology makes it brilliant. the visionary

and elon musk not paying any tax in 2018 and jeff bezos and warren buffett not paying any in 2011, they it is not necessarily illegal. whatever loopholes they are going through are set to be looked at, of course, but the focus from the us here is really on that the fact this leak has come from in their revenue and is key, is a criminal offence, to use any other data, but we know that joe biden is looking at this. absolutely. and it's all about timing because presidentjoe biden is trying to get through congress and enormous change, in terms of how tax is brought in terms of how tax is brought in the us and how it is spent and he has a huge spending programme to get the us economy stronger, post pandemic and one of the things he said he wanted to do was tax the rich a lot more. . ., , ,., , , more. yeah, absolutely. he is on the second _ more. yeah, absolutely. he is on the second stage _ more. yeah, absolutely. he is on the second stage of - more. yeah, absolutely. he is on the second stage of his - on the second stage of his infrastructure planning put out. the first one was $1.7 trilli

saw back in the 1970s, quote, very, very unlikely and breaking this morning, warren buffett resigninga multibillion philanthropic goal. and violence incidents happening in air travel. talking about what can be done about it the final hour of "squawk box" begins right now >>> good morning welcome to "squawk box" here joining us this morning, tom farley i'd like tom, to get your take whether this is still the fed basically ruining price discovery with all the qe. we don't know or whether this really should be i also was just wondering if you think we should be taxed on realized gang. it is just something we must do. >> i have behaved myself and bit my tong. he's just proposed a new tax on the interest you new loans i was sitting over here ready to burst. i can't do it anymore. >> tom, we've been texting we have to talk about unrealized gains with philanthropy. and the interest/expense issue on loans against collateral does get interesting and is worthy. i am not a fan of wealth tax but there are certain things that effectively create a loophole in the system but are not in the spirit of

they both grew up in omaha, they both actually worked in buffett's grandfather's grocery store but neverr. one was in his late 30s and another at 25. that was 62 years ago. right after that they started becoming business partners and they sit atop one of the ten biggest companies in the world companies that you know very well, geico, dairy queen, burlington northern and santa fe they leave those companies alone and don't micro manage munger is 97 and buffett's 90 at munger i this point they have almost 190 years of experience between them. >> it strikes me, becky, you've had more access maybe to these two than potentially any journalist in the world. i wonder what it is that you've taken away from them >> you know, more than anything, they are laid-back they're real they are real people they both live in the houses that they bought over 50 years ago. so they don't let things go to their head and they really find the important things in life, and that's, you know, not having to work with jerks. they've been able their entire lives to not do that they don't have bosses, and they really jus

stand out from the pack buffett and munger a wealth of wisdom premieres tonight at 8:00 p.m.a month ago. but we talked about china. mung sir a big fan of that jack ma and what happened to him. interesting controversy there. guys, hope you can check tout and that does it for us today. make sure you join us tomorrow right now it's time for "squawk on the street". >>> good tuesday morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber on the new york stock exchange. the news flow has not let up a lot of headlines in banks, airlines, big tech, corporate bonds, energy. breaking home prices in april compared to a year ago up 14.6 according to s&p, and woodstock comeback cathyie wood, and notching new records. plus

our income comes in and we pay about 14 -- $14 per $100 that comes in and warren buffett is paying $.10 for what -- every $100 that has wealth grows. host: democratic caller. caller: good morning. my question is this. there has been a rash of -- among the billionaires that has been publicized in the papers suggesting that the reason for the avoidance is a garden-variety -- propublica -- has probably got -- has propublica considered that these divorces -- it involves the creation of a foundation that both parties contribute to. guest: that is a good question. i had not considered the divorces as a state planning, but state planning in general is extraordinarily crucial to tax avoidance of the ultra-wealthy. the shorthand for what the wealthy do is called by borrowed dies. what it is is that you buy your asset or you build your company or you inherit -- they are heirs to great fortune, they do not build anything and then you borrow against your wealth, so you do not sell and you borrow and elon musk has pledged tens of millions of shares and collateral and borrowed something along the lin

pro public up says th in those same years warren buffett paid .1% -- .01% tax.re all claims the bbc has not been able to verify, but pro public a says the billionaires did nothing illegal but they have used tax avoidance schemes that are out of reach to ordinary americans. what was illegal, according to the treasury spokeswoman, was the leak. here is what white house spokesperson jen psaki had to say. >> we obviously take it seriously. i'm not going to comment on specific unauthorized disclosures. i can tell you that broadly speaking, we know that there is more to be done to ensure corporations and individuals at the highest iome are paying more of their fair share. philippa: diplomatically put, they are how do the worlds wealthiest arrange their finances? >> people like jeff bezos and warren buffett do not get a paycheck every week -- every two weeks. they are not getting any kind of income. their wealth is vast but in terms of getting the paycheck, they are not, so there's no way really for the u.s. government to clawback tax on their income. so, what do they

buffett says his goals are 100% in sync with those of the foundation.uffett also announced he has reached the halfway mark in giving all of his berkshire hathaway shares to jerry. former -- to charity. former new york police captain eric adams leads the mayoral primaries. andrew yang has dropped out. guardian angel founder has won the republican nomination. the biggest property deal on the less biggest strip in more than a decade opens tomorrow. it features 3500 hotel rooms, celine dion and residency. construction at the site began back in 2007, but was halted by the recession. honda is phasing out sales of gasoline vehicles. honda is set to make a target of 2042 have all electric cars. the automaker also plans to unveil three new electric motorcycles by 2024. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> right now the key issue for the fomc is wind as the economy get to this point where we meet these conditions we ha

an anonymous source sent years of stacks returns, among them warren buffett, jeff bezos and elon muskf business correspondent christine romans reports. >> new reporting from propublica says the nation's top 25 richest people pay little to nothing at all in taxes. the revelation after an anonymous source sent the publication years of tax returns from thousands of the wealthiest americans including warren buffett, jeff bezos and elon musk. >> we had to work for months on this to get it into a shape where we were satisfied that it was accurate and it was saying something clear. >> take a look at amazon founder and ceo bezos. according to propublica's reporting, back in 2007 his wealth increased $3.8 billion and paid nothing in federal income taxes, neither did elon mussing in 2018 and not a benny from soros between 2016 and 2018, and it's all legal, thanks to u.s. tax codes which focus more on wages as opposed to investments which are usually taxed at lower rates. that's something billionaires like bezos can take advantage of, along with complicated tax loopholes and write-offs. propubli

calling for the prosecution of the irs workers behind the leaks of taxes from amazon jeff bezos, warren buffettbill gates and more the gop warning about the timing of this happening right when democrats want to raise taxes and this week it will ruin what the democrats wanted to and giving irs more money and more power. also tonight will break down president biden high-stakes meeting with vladimir putin this week, what can the president get accomplished. plus small businesses rising up against the defendant police push administering crimes, gun violence hitting historic highs. what business owners are threatening to do in order to get in in to the lawlessness and chaos. new e-mails showing tough michigan democrat official reportedly plotting and planning to get the police to go after a local restaurant owner who defy their lockton orders. then we have the story angel families say they deserve a seat at the table but the homeland security secretary as a biden administration rewrites the rule basically letting dangerous criminal illegals back on the street, the administration is moving to build mo

really interesting warren buffett announcing a $4 billion gift to charity.ay to that goal of his of giving away more than 99% of his wealth he also defended his use of the charitable deduction that, according to a propublica article, helped him lower his overall tax rate he says he's received only 40 cents of tax savings for every $1,000 of giving he said tax deductions are important to many, particularly the superrich who give large amounts of cash or securities to philanthropy it is fitting that congress periodically revisits the tax policy for charitable crip contribution, particularly in respect to donors who get, quote, imaginative americans give over $450 billion to charitably every year, in large part because of that charitable deduction but buffett's comments will add to growing calls among democrats in congress to limit deductions for the wealthy. before the pandemic, taxpayers could only deduct up to 60% of their income with charitable gifts. that was raised to 100% during the pandemic it extended it through 2021, but there is growing pressure to l

. >>> coming up on "cbs this morning," legendary singer jimmy buffett tells us about hitting the roadew margaritaville hotel in times square. >>> i'm anne-marie green. this is the "cbs morning news." " ♪ thouousands of w women with metastatatic breast t cancer are e living in n the moment and d taking ibrbrance. ibrarance with a an aromatae inhibibitor is for posostmenopausasal won or for menen with hr+,+, heher2- metaststatic breast c cancer as t the first h hormonal basesed therapy.y. ibrance plplus letrozozole signifificantly dedelayed disease e progressioion versusus letrozolele. ibrarance may cacause low whitite blood cecell counts thatat may lead d to seriouous infectioions. ibrance mamay cause sesevere inflflammation o of the lung. both of ththese can n lead to dedeath. tetell your dodoctor if yoyoue nenew or worsesening chestst , cocough, or trtrouble breaeat. bebefore takining ibrance,, tell your r doctor ifif you have e fever, chchills, or o other signgns of infecection, liliver or kididney problel, arare or plan n to becomeme pregnant,t, or arere breastfeeeeding. for r more

foundations buffett says his latest donation gets him halfway to his goal >>> on wall street, the dowepard smith on cnbc. it's the bottom of the hour, time for the top of the news a high school basketball coach fired after his players were accused of throwing tortillas at a rival, largely-hispanic team in an apparent racist taunt. >>> a months-long standoff at sea finally over as the owners of the boat that blocked the suez canal reach a deal with the authorities who seized it. >>> plus, britney spears speaks her mind she told a judge all i want is to own my money and for this to end. britney spears broke down during a rare public statement, begging a court cut off her father's control over her life and fortune after 13 years under a conservatorship. britney spoke over the phone in court and called the situation abusive, that she can't sleep, she's depressed and cries every day. she even told the judge she wants to get married to her boyfriend and have another baby but that she's forced to stay on birth control against her own will cnbc's scott kohn listen to the whole thing and is li

for the prosecution of the irs workers behind the leaks of taxes from amazon's jeff bezos, warren buffettbill gates and more. gop also now warning about the timing of this. happening right when democrats want to raise taxes around that this week will ruin what the democrats want to do giving irs more money and more power. also tonight we will break down president biden's high-stakes meeting with russia's vladmir putin this week. what can the president get accomplished? plus small businesses again rising up against the defund the police push amid a surge in crime. gun violence hitting new historic highs. we're going to take you to baltimore, show you what business owners are threatening to do in order to get an end to the lawlessness and chaos. new emails surfacing showing top michigan democrat officials reportedly plotting and planning to get the police to go after a local restaurant owner who denied their lockdown orders. we've got this story. angel families say they deserve a seat at table with the homeland security secretary as biden administration rewrites the rules basically letting

thanks, warren buffett. and so this happened again, this year. government decided to bail out, warren buffett again. blackstone and wall street, those are the landlords. and they're using it was the federal tax money. so max and stacy max of stacy. not, not only did we have to pay for obamacare, which is a transference of liability from the government to taxpayers like maxim stacy now are paying blackstone and warren buffets extended more over leveraging themselves in the real estate market. again, that's 9 capitalism. capitalism, you take a risk to make a reward. if you take a risk and you get paid off by the state. that's called that's called the club talker. see? yes. right. so, i mean, the headline on that reads newsome says, california will pay off all unpaid rent accrued during coven pandemic using $5200000000.00 pot and rent forgiveness on a scale never before seen in the united states. again, that's, it's transferring from the rest of the 49 states, the taxpayers of those states to california, which

that's something that we could do if people like jeff bezos, mike bloomberg, warren buffett and carlld be doing that with tax revenue, but we're not. and that is so frustrating to me and it is so frustrating to so many people. you are right about what you said at the top, that it's about the rules being rigged so that these people will have every opportunity to avoid paying their fair share. but you're also right in that the rules can be changed and they need to be changed immediately because this is just really distressing. >> yeah. i appreciate your point on that and your writings on it. we had a whole big presidential election with people like warren and sanders talking about you don't only have to tax income, you might have a wealth tax. some people are in control where they don't name an income. they could name it whatever. okay. the government could keep up with that if it wants to. erin, always good to have you back on "the beat." >> thank you. >> thank you. >>> up ahead, new developments in the giuliani criminal probe and the evidence. rgies don't hae scary. spraying flonase

. >>> and warren buffett resigning as trustee of the bill and melinda gates foundation in a preparedtement, the billionaire said he's been inactive for years and is resigning from all boards he was on except for his own companies. berkshire hathaway of course buffett donated $4.1 billion of berkshire hathaway's shares to five charitable foundations. 15 years ago, he pledged to give away all of his stock in the conglomerate buffett says his latest donation gets him halfway to his goal >>> on wall street, the dow down 71 the s&p down 5 the nasdaq up 18 >>> i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news a high school basketball coach fired after his players were accused of throwing tortillas at a rival, largely-hispanic team in an apparent racist taunt. >>> a months-long standoff at sea finally over as the owners of the boat that blocked the suez canal reach a deal with the authorities who seized it. >>> plus, britney spears speaks her mind crocker put it best. leave britney alone. she told a judge all i want is to own my money and for this to end.

i've always been appreciative warren buffett, at least, was somebody who was honest enough to say what he was doing, that he was an absurd amount. what i would like to have said, is he there or is really making sure that something changes? well, he didn't, you're quite right. he said he continues to use this since the knowing full well what the results are and if i might brand, let me add something that people don't understand were coming out of a terrible crash, a terrible pandemic. the government under trump blank buying has been spending wild amounts of money because it has to get us. i think it does, out of this mess. if you don't tax people to pay for it. and the only ones that we could be that style or the rich who got away with all of this, well, you know what you're going to do, you're going to borrow the money, because the masses can't pay. and if you don't tax, the wrench you borrow. but here's the joke. you're borrowed from the same rich, they're the only ones who can love you anyway. so for them, instead of paying taxes, they get a chance to loan that money to the governmen

the king of avoiding taxes in the u.s., according to this report is warren buffett.is wealth grew by $24 billion in that four-year period yet he only paid 1/10 of 5% in taxes, 1/10 of 1%, primarily the case for two reasons. one, the united states taxes vuds on their income, not their wealth and, two, our tax code is full of loopholes. let's bring in cule kiel, one of the reporters putting out this report today. paul, congratulations, fascinating stuff. typical americans pay in tax brackets around 20% to 30% on their income. how are these multi-billionaires getting out of paying so much to the irs? >> well, the form of income that's most comprehensively taxed and easiest to tax is wages, and, you know, these are -- these top 25, an highs the top 25 according to ""forbes,"" generally they are people who sit atop vast holdings of stock, of companies as with jeff bezos of amazon. he pays himself a salary of $80,000 a year and has for a while and that's common for a lot of ceos and streams gets celebrated but they had a form income taxed at the highest rate, and nord to h

i'm with buffett on that but on this case i think it makes sense to wipe the slate clean. you got new people running the company seeming to know what they're doing. you have a company looking nothing like what it did ten years ago when this slide began, right? they've gotten rid of some businesses they focus more heavily on others actually, i don't hate that move i think it brings back respect to this name and maybe that's the catalyst that this needs to have a really convincing breakout. >> yeah, try not to look like you said a lose are stock, one for eight reverse split effective august 2nd on ge. >> by the way -- >> i agree we agree you got a single digit price. >> less than that. >> like it did for a while it's ge. shouldn't being trading at $8. >> for the people -- for the people that came on the network over and over again and told you that etfs and indexing and passive investing were the reason for market distortions, and they were just pushing up the biggest stocks -- and exxon and ge are the two best examples why that argument is total bs. these were the number on

liz: well, tom, when you look at what warren buffett told fox business just a few years ago, 2015, he and charlie monger was first to call it rat poison and then buffett told me it's expensive rat poison because it had gone up in price to well back then $3,000 but at 35,000-plus, at the moment, phil is right. you have big non-profit organizations testing the viability of federal reserve s and central banks putting together their own digital currencies, china has already done a digital yuwan, singapore is working on it so we don't want to be left in the dust for evolution, right? >> well we're the world's reserve currency, right now, liz so el salvador has nothing to lose by switching to bitcoin but we do. history proves most people buying bitcoin are doing it to hedge inflation, fiat currency printing, but warren buffett said that if you panicked about the $40,000, 40,000 percent increase in our national debt over the last 77 years, you would have lost a tremendous amount of money because you would have bought gold, say you bought $10,000 of gold in 1942 to hedge inflation versus $10,

buffett's comments add growing calls to limit deductions overall for the wealthy. income with charitable gifts that was raised to 100% during the pandemic and it extends all the way through 2021, but there's now growing pressure, especially after these comments perhaps to let that expire guys >> but he is still a supporter of the step up in basis of capital gains, presumably? >> well, he doesn't talk about that specifically. he has certainly been one of the biggest beneficiaries of step up which allows him to take all the stock that he's had over that lifetime that has appreciated and grown so much in value give it to charity without ever paying tax on that so you're right. he has used it, whether he supports the policy or not remains a little unclear >> yeah, i think some people today picking up on the fact that he's calling out a little bit of change in tax policy when he's benefited from it he's missing the big part of tax policy that he benefits from so it does feel a bit rich when you hear the attempt to say, oh, we should review it, but, oh, not the bit i rea

some reason he thought warren buffett has announced he is resigning as a trustee of the bill and melinda gates foundation, while making a donation of building $4000000000.00 to the charity 90 year old's not net worth is estimated at over a $100000000000.00 for many around the world crypto currencies are just some things to trade and make money from. but in some struggling economies, they provide of by who role for audrey, citizen is looking to sidestep hyperinflation. for some business whalen expanse, digital coins allow them to send money home without it losing value. venezuelan, pablo total works as a food delivery driver in boca columbia. he emigrated for work and 2019 needs to send money home regularly to his wife and son. with venezuela's economy wrecked by sanctions and hyperinflation. sending money via informal currency exchange is risky . so he turns to an app called value, which uses a peer to peer crypto exchange to make sure transfers into local currencies retain their value. was terminated in the morning. it maintains the value in a coin that has the same value as the america

seen recommendations that make the dumbest analysts look like warren buffett, attempt to push wendy'sy gaming into a flood of insider selling. like they were just waiting for memesters to take the bait, and shows these guys don't have clue how the smokestack stocks work i agree with clean energy fuels, had the ceo on the show last week, only natural gas story for speculation. don't buy with money you can't afford to lose total gaffing of followers in petco health sold 25% short, thought could engineer a short squeeze like with gamestop. spiked from 22 to 28 but plummeted right back after shorts didn't fall for it. anyone who bought the spike on wsb's suggestion, annihilated. everyone is tired of the blackberry push. i get bed, bath and beyond, i like them but only care about fundamentals, amc and gamestop the only winners after wendy's, no follow-through, and cleveland cliffs, pushing steel maker as went out of style, memesters are ill canning you with recommendations, petco the worst. and amc and gamestop not looking good, can't survive unless monetizes the meme support if he senses

buffett says his goals are "100% in sync with the foundation."announced that he has reaches halfway mark in giving all of his berkshire hathaway shares to charity. the wait time for semiconductors has hit a record 18 weeks and continues to affect industries like cars and electronics. research shows that up by seven days from the previous month, the gap already the most since the firm began tracking data in 2017 and four weeks longer than 2018. coming up, are we about to see a two wheeler come back. we will speak to one company that smashed and bashed and deliberately crashed its scooter to prepare it for the pandemic. this is bloomberg. ♪ emily: tata, a smaller e.v. stock, jumped outperforming the broader market. the most american-made vehicle for 2021. it's investing $50 million in exchange for a 20% equity in a clean hydrogen project. are you getting back to the office? e-scooters littered the streets after taking off in december of 2017, but covid-19 has -- has kept a key customer at home. now the industry is hoping to capitalize on the post-p

and larry fink and they are pushing very hard to show that responsibility and warren buffett saying not during my time so i am hopeful that esg movement, social responsibility continues but what that means is bigger changes inside the organization to really report that and embrace that versus what a corporate responsibility office was in the past. >> the other thing that made me think of, convergent is just being aware of theof world outse of you and the organizations people in functions or responsibilities for specific action and what it does make in the case four, you have to look outside and organize yourself in the way the world is flowing and be organized, you can't compartmentalize it so much in the way have historically, you can't just throw money at the problem and assume itt will be solved. >> absolutely. >> how would you suggest long-term and short-term, you and i have talked about metaphors of what we areho doing but a lot of companies might want to look over that in the quarterly target or other short terms, are there any ways you can consider advice folks, how do they a

well, those have responded to the likes of michael bloomberg and warren buffett have said we paid the amount of tax that we owed, which is now you know, it's true. george soros has also responded. he said that he paid no income tax for 3 years in a row because his investments actually lost during those years. just based off is one of the big headlines from this hasn't responded with anything to their so he's keeping quiet. l a must sets to reply to the 1st request with just a question mark and then not reply to any follow up. so a lot of scrutiny on the richest men in the world, a lot more to look into there as well, rob watts from d, w business. thank you very much. now supporters of jailed russian opposition, politician alexis of only have gone on trial in moscow. there being accused of extremism, the court case is the toughest attempt yet to dismantle all these nationwide network of support. prosecutors acute his anti corruption foundation of trying to destabilize russia, if found guilty, members could face prison sentences and before vented from running its timbers parliamentary e

they should not be looking at jeff bezos or warren buffett.ouse. that's the place we want to change it f. if you don't like it right now, that's the way you change it. not by going against the law of the land and the values that embodied them the way p pro publica did. >> years of trying to get donald trump's taxes and they never came out. and now they have 14,000 americans' tax returns including the top wealthiest people. it is bizarre, is it? >> it is an amazing thing. i think it really underscores that sometimes the real scandal is precisely and i agreed with doug, the engineers should be focusing on tax policies. the reality for many people what makes these abstract debates tangible are specific examples. >> all right, thank you both so very much. >>> chasten, the husband of pete buttigieg's is speaking out next. >>> and cicada landed on our own manu raju, they are tasty i heard. the bugs are real. visible is wireless that doesn't play games. it's powered by verizon for as little as $25 a month. but it gets crazier. bring a friend every mo

warren buffett resigned as a trustee of the bill and melinda gates foundation. buffett was one of three trustees of the foundation along with bill and melinda gates. the 90-year-old has contributed $33 billion of his own money to the charity over the past 15 years. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: one airline is set to emerge stronger than ever. later we break down how qantas has managed to outshine his peers. an associate capital executive has bet that tension between washington and beijing will be a boon for chinese tech. that interview just ahead. this is bloomberg. ♪ haidi: the u.s. is set to bar some solar products in china. over alleged human rights abuses. let's speak to emily wilkinson washington. what have you learned? emily: so, at this point, we know that the u.s. is planning on banning certain materials that deal with solar. if those materials were manufactured in the shins saying shin jen p rovince.