we know how buffett does it. he never overpays to things although they have been buying energy shares at pretty significant highs, chevron, occidental, these aren't cheap, they have been pretty big runner s here. >> right but those are project ed to actually continue to run. energy demands aren't going anywhere and energy stocks will continue to do well, while i own energy, i am not chasing it, because i am finding values in other sectors. liz: where? >> and look, to jarod's point -- consumer staples, johnson & johnson, ibm, walmart i'm finding value, johnson & johnson i said, right? but i've got to tell you something. the market can get weak, to jarod's point yes there is value being created but let's be honest. we know the market can overreact and if the fed overreacts expect the market to overreact, so as long as investors keep their head on straight, and buy stock you like, i like to buy stocks that i like the products, right? liz: jarod you are actually a bit of a contrarian here, people are running and scre

buffett reporting that berkshire hathaway holds 9.5% of activision-blizzard.lay he noticed quickly that the stock had been trading below microsoft's deal price of $95 a share and figured they could make money. >>> and five hours of questions, people peppered buffett. here is how he explained the damage done by rising prices he said he wrote an article in the 1970s. the last time we saw high inflation and said it swindles equity investors. >> the bonds can swindle the equity investor. inflation, i should say, swindles the bond investor, too. and it swindles the person who keeps cash under the mattress. it swindles everybody. the problem is if you have a business that doesn't take any capital, let's just say, the dollar depreapprdepreciates 90%. most businesses takes capital. >> we will have more from buffett and munger on "squawk box. frank, a big weekend a lot of news. >> including berkshire hathaway upping the stake in apple. the stock closed down 9% last month. we have comments of investing if tech or concerns over what they saw last week? >> you know, buffe

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jack: a lot of people watch was worn buffett is doing, i prefer watching you watching warren buffett,y stocks the rest of us should be buying? andrew: he woke up and started buying stocks in a big way. berkshire hathaway's biggest purchased was chevron, $20 billion and bought occidental petroleum, $6 billion deal. jack: what is your favorite? andrew: aux the could be the backs -- the best bet. it is minting money right now. jack: is it the whole thing? andrew: berkshire owns 50%. he might want to buy the whole thing. buffett loves american companies. jack: what are you watching? carleton: i am watching the box office. there is this movie out, doctor strange in the multi-verse of madness the parting $120 million. box offices are back, people are spending money to go out and disney which hasn't faired so hot this year but also beat the market so far. jack: i love a good cineplex multi-verse. give me a stock i can fall in love with. >> i got craft hines, stock is up 20% this year but it is up half of 1% the past few months, it's earnings last month show it past the higher costs to consum

doesn't need bitcoin bitcoin doesn't need warren buffett.matter of fact, bitcoin, as compared to buffett, will not trash talk you bitcoin for the same period of five years delivered 831%vestins wa warren, those $25 for all the bitcoin in the world, bitcoin is out performing berkshire hathaway for the next five years. >> thanks for that response. you say 831% return in the last so years, but that feeds into the buffett theory it is turning into the casino as he said. is that not volatility playing off? >> there is volatility bitcoin is an asset in the long run. you see it over one or five or ten years. it is out performing everything else obviously, it will not be 100% of retirement funds. just as fidelity funds you can invest up to 20% in 401(k) you can allocate a small percentage point single digits because this asset keeps on delivering >> antoni, i know you spoke to our colleagues in paris and bitcoin potentially reaching $100,000 in the next 12 months what gives you confidence if bitcoin falls back from here why the $30,000 mark is the f

buffett is back it seems with a bang.ra: it is the largest buying spree since records began in 2008. one of the reasons is that they see buying companies as more advantageous than buybacks at present. cash on the balance sheets, warren buffett calls this oxygen. it stands at just over $100 billion, down from $144 billion at the end of 2021, but still higher than the threshold of $30 billion. munger and buffett still vehemently against cryptocurrencies. they say they prefer productive assets such as farmland or property. bloomberg intelligence believe that because of its diverse a variety of businesses and earnings potential has been able to transcend inflation risks. tom: they battled through a lot of questions on this, everything from inflation to the war in ukraine. laura: they have increased the stakes in occidental petroleum and hp, most interesting where the increase in stakes in chevron. that now just stands shy of $26 billion. activision blizzard the gaming company has gone over to microsoft for $69 million, and wa

warren buffett undertakes his biggest shopping spree at least a decade, slashing $41 billion in stakes, including chevron last quarter. happy monday. this follows a week to forget and perhaps a month to forget as well, with the worst performance i the nasdaq on friday since 2008. you might want to forget it, that it left its impact on markets. the me show you where we stand on financial conditions headed into this week. the gtv library. financial conditions at the moment, save for the pandemic, the tightest since 2018. this is king dollar rearing its head and the destruction in the stock market despite a fed that has had to raise 50 basis points the next few days. will they blink? let's dive into the markets to show you where we stand, it continues to be a story of a stronger dollar against the euro and the end. euro-dollar below 106 and yen below 130. we will be talking about this in about half an hour. two year yields moving about two basis points higher, at the highest since 2018, owning a jump in the em

back in 2018 buffett called it rate poison squared.s been saying some nasty words about it too and that begged the question, if bitcoin, blockchain, cryptocurrencies, mean a new financial system, these two guys have been poster children, i know they're not children anymore, of, successful existing financial system. charles: right. >> they lose in a big way if there is a disruptive change to the financial system. charles: i saw a curious tweet of elon musk. he had a tweet about the market. and part of it said that buy stocks in companies that make products and services that you believe in, only sell if you think their products and services are trending worse. your thoughts on that financial advice? >> yeah. you know, him and jeff bezos and bill gurley of benchmark capital, all these guys have been tweeting out over the weekend and there is a broader theme to this. seems like they're a little bit cautious on the market. what elon is saying is, basically buy things you understand. well i guess we're a long way away from you know, buying a

but buffett trying to lay a bit more of in explanation.a: was there more of a broad outlook for the economy considering all of the recession chatter we are starting to hear in markets? katherine: they were still optimistic, and in some ways that is classic fit. he's always been the sort of never bet against america, always looking for the long term with the economy, and he did mention inflation. obviously that is a risk, and he said it really swindles everybody, whether you are a bondholder or you stuff some cash under the mattress. so i think he's cognizant of the risks mentioned that they are still seeing and berkshires businesses, the railroad and all of those operations, but i don't think he seemed too negative on the outlook, despite the fact that we are facing some conflict abroad. guy: we are going to leave it there. really interesting. thank you very much, indeed. what happens with berkshire hathaway this weekend that's what happened with berkshire hathaway this weekend. let's take a look at where european market's are trading righ

. >>> how about buffett, warren buffett's big bets from citi, to paramounts to chevron, if the world'sost respected investor is buying into these stocks or into stocks, should you? but first, welcome to julia boorstin who's in for kelly evans. >> hi, tyler, stocks are near session highs at this hour, the dow and s&p are up more than 1%. the nasdaq outperforming the others with a gain of more than 2%, but walmart falling 10%, the biggest decliner of the dow after an earnings miss and a soft profit forecast boeing the best performer on the index up about 6%. and energy is on pace for its sixth straight day of gains. exxon, chevron, and valero just some of the names in that sector hitting 52-week highs in today's sex. tyler. >> julia, today's rally offering investors some relief to the relentless selling that has gripd the markets. the next guest says the best offense is a good defense. he's got some picks that could offer some downside protection let's bring in kevin mahn, president and ceo of hennon and walsh management welcome back good to see you. we're going to talk a little bit more

i ran into buffett after the meeting yesterday. he said when apple shares fell for three days in a row early in the first quarter, he bought $600 million of the stock. that will be revealed when berkshire hathaway makes the filing for the quarter public. he is also told me that the stock went back up so i stopped. otherwise, who knows how much i would have bought. now chevron joins the top four holdings it is rounded out by bank of america and american express all of this in his annual letter that there was little interesting to him in 2021 that changed >> we he spent $40 billion in a hurry in three weeks now we're back to somewhat in more lethargic mood. anything can change berkshire. the one thing that won't change going back to q2, is we will always have a lot of cash on hand >> buffett revealed more about berkshire hathaway's activision stake. we will have more on that later in the hour. the other big story was berkshire hathaway shareholder and first time attendee bill murray he was here, too we got the first comments from him

now buffett also owns a $41 billion stake in bank of america and these moves underscore that when buffett buys at least in the short-term, shortly after the news breaks, investors are falling in line behind him. not all investors, of course as buffett added to his already massive position in apple during the quarter, sion assets michael burry, the guy named for shorting the housing market and later portrayed in the movie "the big short" and he revealed in his 13f filing he's been shorting the iphone maker during the quarter. apple right now is still up about 2% but apple has lost 14.5 % this quarter, and is down 11% this month alone, but financials of all shapes and sizes, including the regionals, are outshining any negativity right now. fed chair jerome powell spoke as i just mentioned at the wall street future of everything festival less than an hour ago, where he did not hesitate to brandish his rate hike sword. listen. >> are we starting to see what we need to see , which is a really clear and convincing evidence that inflation is coming down. that's what we really need to see , so we

warren buffett just took a decent chevron stake.t is a play here for people who think that this is going to last and they want to invest in it? >> sure, it really depends on horizons if you aren't looking at what is going to happen in the next 10 years and this transition that we are talking about, we are really going to see it investment in base metals. hopper, for instance -- copper, for instance, until 2030 we are talking a 25% increase in copper supply. if we have to hit 1.5 degree targets by 2030 we need to see copper supply go up by 40%. how well-positioned is the market to supply extra copper given that these ambitions are increasing? copper and nickel are the larger markets. lithium has shown its part in terms of how much is needed. prices fairly indicate that. when you look at fossil fuels, if your outlook is over the next four years, four years, natural gas, those markets look underinvested in if you think how europe is going to cut itself away from russia. gas markets look to be very tight for the foreseeable future , and

warren buffett saying he wouldn't buy all the bitcoin in the world for $25.es up or down the next year or five years, ten years, i don't know, but the one thing i'm pretty sure of is that it doesn't -- it doesn't multiply, it doesn't produce anything it's -- it's got a magic to it and people have attached magics to lots of things. >> in my life i try and avoid things that are stupid and evil and make me look bad in comparison with somebody else, and bitcoin does all three >> that's buffett's number two charlie munger chipping in with choice words for bitcoin the buffett previously referred to it as rat poison and a m mirage he was called a sociopathic grandpa for those comments. >> he doesn't invest in tech that he doesn't understand, and so the key question here is do you need to understand the technology behind bitcoin and other cryptocurrencies to invest in it. many mt. space would say no, and draw parallels to the internet saying people didn't understand the internet at the beginning. we'll see what happens, but don't forget to follow, subscribe to our po

warren buffett was reading your stuff. a bunch of money into paramount. jack: you are welcome for that. i think buffett is making a bet that traditional distribution of shows and movies on television and in theaters is more valuable than investors are giving credit for. that is something paramount has been arguing for years gunite - nice to take a new show for streaming and get a fan base, nice to take a new movie and put it in theaters for a 45 day window to recoup production costs. you can look paramount, television remains a cash cow. this company could easily generate $2 billion a year in cash, it will generate less than a billion because it is spending so much on streaming content but you see a possible path that that level buffeting a free cash flow yield, 10%, netflix totally different story, $8 billion in cash over the past six years. you can run this kind of business if you are willing to lose that kind of money. i know how jack hough feels about the fuller house remake but we need to see how this look like when we see money moving forward. jack:

buffett and charlie munger had no kind words for cryptocurrency.produce anything. munger calling bitcoin stupid, john, evil, he said it makes people look foolish snoond at bitcoin people look at those guys -- >> the crypto bros are like you are in a different generation, a different planet than they are on in crypto world. >> go back to the parlours they say. >> the gambling parlor. >> romance, thank you very much. >>> so oprah wintry reveals she spent 322 days straight inside her own home during the pandemic and now she's upset over what she calls america's covid amnesia. the new interview next. >>> and what did bill murray do that brought filming of his new movie to a sudden halt? he is now talk being it. and it's easier than ever to■ get your projects done right. inside, outside, big or small, angi helps you find the right so for whatever you need done. with angi, you can connect with and see ratings and reviews. just search or scroll to see upf on hundreds of projects. and when you book and pay throug you're covered by our happiness it's easy t

we just heard from buffett yesterday. assume you listened to some of his comments any thoughts at all in terms of what you heard from him? >> warren buffett and hmmunger, there's no doubt change and growth and technological shift are real i think they say it with some hype hyperbole. it backs up their story in their book, but we have to at the same time be cautious change can be real and the purchase price can be e louis ri. >> marc, always a pleasure. >> don't miss david solomon and q lee from carlisle. >>> after the break, take a look at the premarket one last time before this opening bill of the month of may "squawk on the street" continues in just a moment to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos

buffett i think at this point it is a worthless entity.t: i think there is a generational difference in investment style. >> definitely a difference. >> you and i and the millennial's. great stuff thank you for being with us. stuart: never a day goes by where we don't have elon musk headline. what is elon musk saying about buffett's comments on crypto. >> it took us ten minutes to get the does headline. he traded this and said ha, bitcoin, so many times because musk is a dogecoin proponent which is arrival to bitcoin. really it is 13 cents, the high was 73 cents. he's beginning dogecoin. bitcoin is down 16% this year, i don't think that much compared to the nasdaq. stuart: we do squeeze elon musk into the final portion. >> he also gave investment advice on the day of the shareholder meeting which to some that could be interpreted as are you trying to replace warren buffett the oracle of omaha as ambition very the legendary investor. stuart: that should've been the headline, what is his investment advice. >> pipe companies and products that

buffett has done tocity. to give you more it tails on the walmart sale which he did a at the open today anastasia omarosa is going to be with us. i hope i will see all of you then final trades to you first here at post 9. >> and it's been fun best in class utility down 23% year to date and they have above average growth in returns. i like this a lot. >> mr. far a different kind of a name for me doc. $17 a share. $4 billion 5.2% dividend and it's a a medical office space kind of a read >> okay. josh brown >> apple's going to be back to buying a lot of its stock back all summer long. i think there should be is is some support here, even though technically it's been a tough stock over the last two weeks. >> back to148 today. youvr had more positive calls whether it was amazon, apple itself or microsoft, which with, in most cases were reiterated, as positive as they were in recent history so, those stocks holding up, which is helping the overall market as well your last. >> nguyen resorts. the big picture sold th

warren buffett is buying big.erkshire hathaway made $41 billion worth of net purchases in the first quarter. they boosted their stakes in chevron and activision blizzard. 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 kailey leinz, this is bloomberg. ♪ >> i am really excited to be here tonight. the only group of americans with a lower approval rating that i have. >> republican seem to support one fellow. some the -- some guy named brandon. >> the president of the united states at the white house correspondents dinner saturday evening. we were on a different table but very close to each other, i could not stop laughing when he mentioned brandon. >> he's not sure who he is. >> i think he knows what it means. >> i think he knew going in as well. jonathan: futures positive about a 10th of 1% on the s&p. we were recovering, tom keene still recovering. he will be back tomorrow ahead of a federal reserve decision after payro

c capitulation means when buffett comes out to buy things. i didn't participate in the mad dash i don't do it. because usually the information is too late to make a difference by the time you know, they've cut and run. but one money manager's departure was a positive, dan loebs with disney. didn't take long to rally. have to believe it's got room to run and could rebound as fast. this is a classic no bad news rally. s shows when you're up 500 dow points, it's all china calling the tunes. 4:00 a.m., it was china, not u.s., fed, ukraine, queen elizabeth -- china has a tremendous hold on our market. when they're allowed to invest in starbucks, apple, nike, they do the quandary is run on the large industrials. nobody can figure that out pancaked by every country's tax regime and lack of aerospace defense business but hearing of marshal plan to rebuild ukraine, would be good for defense contractors and american firms who still make things need a lot of cranes for a rebuild. lot of run of the mill winners, too. nearly all the ipos got slaughtered o

the crypto got no help at all for more buffett over the weekend. the duo told fox business bitcoin is rat poison. there is no fan of gold either. now on the same page as the berkshire hathaway titans when it comes to the crypto verse. peter joins me on this week's edition of everyone talks to liz my brand-new podcast job today. here his reaction to buffett's monger take on crypto in the warning about where bitcoin is going next. it is available on apple, google, spotify, wherever you download your podcast. please take a listen and let us know what do you think. liz claman on twitter or red fox liz. the closing bell 36 minutes away, the dow is up 85. stay tuned, we're coming right back. what are you recommending for muscle pain? based on clinical data, i recommend salonpas. agreed... my patients like these patches because they work for up to 12 hours, even on moderate pain. salonpas. it's good medicine (vo) verizon business unlimited is going ultra! get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) wi

buffett is always talking about taking advantage, be greedy when everyone is scary.ast september we started leaning towards value and cyclicals. they're still struggling today, more of a pyric victory, right? we're down less than some other areas. i just think that within the cyclical space, for example, industrials haven't done as well. they're starting to do relatively well when you look at it relative to the s&p 500 index. so we're still leaning sickly. financials have struggled but if you think about obviously energy has done well but we're positioning for energy, materials and industrials and then financials and counting on that cyclical recovery. charles: gary i know you watch the semis. they had a fantastic session on friday. some of them like amd act really good today as well. is it time to start getting back there? >> they're still in a brutal bear market. i would suggest all that happened last week they came so far down so fast the nasdaq dropped 20% in 16 trading days. so bear market bounces will happen and they will have their day again. i'm just not seei

i will grant you, there is also a lesson to be learned from thinking about warren buffett and charlieand profitability. >> you used the word encourage, which is a loaded word, brenda jim says they encouraged people, did robinhood to take these excess risks and the like. i don't know if that's a fair characterization or not. at the end of the day, people make their own decisions >> right, and if we look back over the last couple of years, particularly after march of 2020, it was pretty hard to go wrong if you were willing to put some money in and invest so i think a lot of people, whether they are really being encouraged by robinhood or not were experiencing a lot of success, and so that just fueled the interest even more in the moment because, scott, as you mentioned, everyone was at home. there wasn't a lot else going on, so a lot of people really became very engaged. but i think after moments like we've had this year, there's a real sense of, oh, boy, maybe i don't know everything i thought i knew, and maybe this isn't my second calling here, and so -- and i can get out and i can go

that's valid some of the changes they made to the portfolio and buffett did rapidly.omething, he gets in quickly. >> we call it whale watching >> maybe this is a situation of star gazing. the light that left that star left a long time ago. >> i feel star gazing with you guys >> and all we see behind us in beautiful times square >> yeah. that's not good. >>> the fda reached agreement with abbott labs to reopen the shuttered baby formula plant in michigan the fda will review progress at the plant in sturgis, michigan it was shutdown after babies fell ill and two actually died abbott maintains there is no conclusive evidence that links the formula to the babies illnesses. the fda is relaxing rules over overseas manufacturers it could be weeks before the products make it to store shelves. >>> we have more to do on a busy tuesday. stock futures are looking in the green on this 5/17 day. nasdaq futures up as well. more than 1% coming up, we'll talk about buying opportunities that may be in the market right now. later on, we will have a really interesting conversation with j

monday and tuesday -- warren buffett. he now has a more than 15% stake in occidental, he was buying chevron, activision blizzard, what do you see today? charles: let's not forget he was buying up apple, and he said the only reason he stopped is it went up. liz: liz: not today. charles: you're absolutely right, he's probably someone our viewers, long-term investors funding their 401(k), looking to make a little extra money than they have in traditional accounts on the street, you know, this is a lesson they need to be reminded. so i don't think it's about pinpointing the exact bottom. it's more of a question and certainly if there are names that you like, look at them through price to sales ratio, even more so than price to earnings because even there i look at price to forward earnings. we're looking extraordinarily cheap. oracle of omaha, he's buying oil just as we keep hearing oil can't go that high because of esg and other things. he's loading up on apple whenever it gets hit. it's the most amazing company in the world

warren buffett discloses a massive stake in activision in a merger arbitrage play. plus a wide ranging conversation with the former nintendo coo. media stocks like netflix, spotify, meta, falling down 50% so far this year. what is a good business in media right now? we will ask rich greenfield. all of that in a moment but first, emily, investors are on edge this week, we are expecting the biggest rate hike from the fed into decades. >> it had been largely a choppy session with traders anticipating the fed raising rates in their decision from wednesday. the s&p 500 ended up nearly .6%. this is after it fell over 1% on the intraday trading basis with big moves in the bond market. the move on the u.s. 10 year treasury bond topping 3% for the first time since december of 2018 when we saw the dollar moving higher with the spot index having it approach its highest levels since 2020. i mentioned a choppy session. look no further than the volatility index to see the uncertainty gyrating the markets right now, paring back there gains a bit but if you look at the year to date

we'll ask the ceo about his plan to shore up investor confidence. >>> how about buffett, warren buffett'sf the world's most respected investor is buying into these stocks or into stocks, should you? but first, welcome to julia boorstin who's in for kelly evans. >> hi, tyler

today, warren buffett compares financial advisers to gamblers. >> reporter: i'm michael george on wallt. stocks take a dive, ramping up fear over the economy. how it could affect your 401(k). >> diaz: covid cases rise again in every corner of the country, this as washington, d.c., gathers for its biggest bash. on capitol hill, time crunch for the january 6 probe. and later, remembering naomi judd. ♪ love can build a bridge ♪ >> diaz: the matriarch of the grammy-winning duo gone at age 76. >> this is the "cbs weekend news" from chicago with adriana diaz. >> diaz: good evening. tonight, russia and ukraine are feeling the strain of their brutal two-month-old war. once again, the kremlin's latest advance is being slowed by fierce resistance. and for ukrainians, this is what victory looks like. this is kharkiv. today, it is back in ukrainian control after being pounded by russian strikes, the war and its losses proving unimaginably costly for all. cbs' chris livesay is in kyiv tonight with the latest. >> reporter: good evening, adriana. a glimmer of hope from the mariupol steel mill. ukrain

throwing the fate of his deal in doubt over possible fake accounts and shares of city popping, warren buffettevealing a $3 billion stake in that bank we do begin with the markets along with today's results from home depot and walmart we really need to start, jim, with walmart it's good to be with you you're a fire-breathing dragon this morning on "squawk box" about walmart. i haven't seen you this upset about earnings particularly around walmart this is the second biggest gap down on earnings -- >> you got to execute. the problems that are affecting walmart are affecting everybody but walmart seems to have not been able to handle it you could argue, look, they don't have the managerial talent that's needed. this should have been their quarter. it's a great quarter for companies that are -- after a stimulus is over, you go to walmart. i shop at walmart all the time i think the stores have had a lack of inventory of late, but there is -- there's a sense of -- i don't know, does it really matter? you put out good numbers. >> you think they should have preannounced >> i just think -- 159, when it

and a longtime opponent, we were just talking about buffett, right?nger's views on gold is now siding with omaha's dynamic duo when it comes to cryptocurrencies. the big gold bug on planet earth joins me on this week's edition of everyone talks to lized podcast. liz podcast. peter's warning about where he believes bitcoin is going next. it's available on apple, google, spotify, wherever you get your podcasts. well, look at this, the s&p is now down just 24 points after having been lower by 78. we do have a tiny bit of a comeback. dow is still lower but now just by 119. you've got to watch the end of this one. stay tuned, we're coming right back. ♪ every year we try to exercise more, to be more social, to just relax. and eating healthy every single meal? if only it was this easy for us. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire bonnie boon i'm calling you out. everybody be

warren buffett -- amy: from omaha. >> yes, indeed. constellation a family foundations has really been the backbone of private funding for the reproductive health care landscape for a long time. i think -- amy: named after his late wife. >> right, and a notoriously large anonymous donor. a ton of groups rely on. where this becomes a problem, structurally, we have a movement reliant on the whims of leaner back foundation, you can end up with what one organizer described to me as boom/bust cycles. you get a grant, the money is there for a project and then it is gone. this is a problem, especially because warren buffett has said he wants all of his money, all of his berkshire hathaway holdings expended for philanthropic purposes within 10 years of his estate being settled. a reminder, he is 91. when that happens -- he does not want to put into endowments for foundations, he wants it spent on current needs. we could be seeing this massive sort of boom/bust coming that -- situations like this have already happened. there's another philanthr

buffett buying in a way that he hasn't in many years, he said everything was too expensive, valuations are too rich. we have seen valuations coming dramatically recently. where have they come in enough that you are finding an entry point? >> equity sector strategy hasn't changed much, and i would agree that the entry point today is much better than maybe four months ago, the height of november, december of last year. having said that, there is still some concern. you have to factor in a slower growth in the economy, higher cost of capital, financial tightening. ridley, the fed is going to be increasing rates at a blistering pace, plus qt. all of that is a bit of a cautious approach. one, on the cyclical/reopening trade, so you can think of homebuilders, collective industrial materials, chemical, maybe automobile industry. those represent some value. then some of the areas more recently, the technology space and financials. tech really had a high bar going into the equity markets. people are still expecting them to create growth numbers as if we are in the pandemic, which is definitely

warren buffett accumulated 140 billion plus coming into the year.ooks like he put 50 billion into place. that is buy signal. thank you very much, my friend. i want to bring in my two davids, bounce send, nelson. 10 metrics, so far only three have been checked off. but look how close some of them are, right? so bounce send, when i think about this, i just talked to ed about it, how much more damage does this market need to see? people looking for the perfect capitulation before buying? >> well the problem is that it's never perfect. there is kind of mixed signals and you've seen flows that actually not helped the contrarian case but you've seen other price signals that have. i don't know exactly where a bottom is but i think it will not be one bottom for all asset classes at once. i think some of the most expensive stock could take longer. there are other areas that probably have already bottomed. we have to be active, we have to use discernment. charles: to that point, david nelson, i look at nvidia and i look at a clorox. clorox is more expensive t

i want to get back to you on some of the things buffett is doing but i need your thoughts because whendoom, blasting bitcoin saying most of the investors in bitcoin have lost their shirt, and of course peter schiff piling on saying bitcoin is about to crash. its been a rough week for bitcoin all of a sudden all along knives are out. what do you say to the folks again predicting its demise? >> i mean, i'd say we have the highest inflation in 50 years and gold has barely budged so his whole gold thesis is not working out either, but bitcoin is up massively, this is an echosystem with a technological breakthrough, there's nothing wrong with the technology it's working, the asset class is speculative, because we don't know how to value it, but we know it works, and i mean even this week, there were $300 million worth of nft's sold and people are buying this stuff still, even when you're having a bit of a correction here in crypto, so it tells me that it's living and breathing, there's 100 million people on this planet that own crypto, and are doing things with it and it's just going to tak

who managed to increase his capital was warren buffett, his fortune increased by as much as 6.5 billion. and on this i have everything to stay with us. do not miss. today is a fresh issue of the area of ​​interest, have a nice day. morning broadcast on tv channels belarus 1 and belarus 24 continues the program for x and i alexander smirnov hello, orders were received through employees of a hunting store, a resident of minsk became a defendant in a criminal case for converting pneumatic weapons into combat suspicion that a 37-year-old man changed the design of rifles, pistols and even ammunition for them will be confirmed. after the experts conducted ballistic studies. as reported by the department. the illegal service was in demand among the buyers of the hunting market with which the suspect cooperated, the contacts of the master, the customer, were provided by the sellers and consultants of the store. likewise , specially converted specially imitation ammunition, law enforcement officers found out that in total illegal gunsmith converted 80 rifles, 60, of which it is also known that t

and warren buffett was here way, way before, i guess i was still in high school when warren buffett was paper, a business paper that elon musk graded for a u-penn student sold for about $8,000, and he deducted two points for the guy using a bad word the guy said, the guy said the excrement, used the real word, and elon musk said minus two he did he's a prude, as we all know big graduation coming up next week >> yes, there is >> big, big. >> absolutely. >> hopefully we'll see you down there. >> maybe we will we'll get together thanks, joe. >>> coming up, our exclusive interview with famed investor, paul tudor jones and glenn hutchens is going to join us. stay tuned squawk coming right back after this >>> good morning, and welcome back to "squawk box" here on cnbc i'm joe kernen along with becky quick and andrew ross sorkin we are down but not out. we were down triple digits earlier. now we're down about 33 points 31 points on the dow, s&p down three and change, and nasdaq indicated down it's one of two fed days, tuesday and wednesday. we'll find out tomorrow about what jay powell and com

what was interesting as warren buffett's berkshire hathaway leaving its wells fargo state. manus: they are lumping it large on citigroup. thank you very much. we look at it too $.9 million bet on citigroup. concessions. sweden and finland to nato are facing complications after turkish president erdogan says he was -- not allow them to join the alliance. >> sweden and finland have a clear stance against terrorist organizations throughout this process even if they say they are against terrorist organizations, they have statement that they will -- certain terrorists. manus: let's get to our european government managing reporter. is this a russia-stumble -- is this a moscow-istanbul told? -- tilt? >> the expansion of nato north is a key move not just finland, but sweden who feels like they're are under pressure from russia and also the baltic nations. those three countries on the south side of the baltic sea who have been most acutely sensitive to their vulnerability to russia. the oil quip thing is that putin has been threatening with retaliation if they declare their colors.

keep production steady edespite the surge in oil and gas occidental has been in focus with warren buffettup shares and they're the largest shareholder. oxy has nearly doubled this year, making the top performing s&p stock. high expectations ahead of the report >> this is the other side of the coin, right? energy has been doing really well should investors worry this is the top? >> i don't think so. and it was my friend's mothers -- >> right >> and their mothers were off doing their job but they became very good cooks, which is funny. i turn very bullish on the energy sector back in the falloff 2020 but now there are other reasons for it back then we heard about the lack of capital investment in the sector and we knew, even though we want to get rid of the fossil fuels, we can't do it immediately. i think one of the things that's going to play an important role is this war in ukraine because it's become a war of atrition and that means it's going to last a long time and i hate to say it but hopefully we get a ceasefire and oil will come down when that happens. but when people realize the s

you talk about warren buffett and what he sees in the economy.ght filings finally closing up at stake in wells fargo, taking the steak and a lot of consumer lenders, including citigroup. those shares higher by about 5%, and ally shares also rallying this morning. maybe buffett and his team seeing some opportunity there on the credit side -- or the loan side, i should say. in china, headlines crossing the wire a little while ago with regards to that meeting with a lot of the chinese tech companies, the vice premier saying the chinese government to support these platform companies. those shares higher by about eight in the premarket -- by about 8% in the premarket on alibaba. in the u.s., twitter shares continuing to sink lower, down about 1.5% on the day as you continue to see a lot of nonsense going on with what elon musk may or may not do. tom: romaine bostick, thank you so much. more this evening on walmart and home depot. it is yield up and price down. that is the mix for something rare in the last decade, a bond bear market. winnie cisar is g

warren buffett loves it when everybody is panicking.buys or loans companies with a down spell but are sturdy companies. he is focusing on one company in particular, occidental. that stock is up five, almost 6% today, 5.7% i believe it is on the daily trade. is making a right bet there? >> look, warren buffett is notorious buy when blood is on the street, be greedy when others are fearful. a little bit interesting with oxy, energy, david, last year, coming into this year has been the best performing. when you look at that on go forward basis not quite as cheap but he is also dipping his toes into names he likes like apple which is beat up a lot more here. as an investor you have to take a look at your portfolio. in my view probably not the time to start adding to winners that are up 30, 40, 50%. i would rather be looking at stocks that have gotten beaten up, a lot of names down 40, 50%. you're probably better off putting your money there. david: i want to stick to energy for a second here. we said earlier in the program, there are politi

to join us on which stocks and sectors look completely oversold and speaking of technical, warren buffett loves to hate bitcoin wiping out critical support levels right now below 31000 - 30650 as crypto minors here and is fox business exclusive were gonna talk to the ceo and asking what he think this really happening here even oil and gas are buckling but skyrocketed diesel is putting the squeeze on the trucking business and a fox business exclusive we speak to the ceo of global transportation giant, ch robinson he is here on fuel, china walks out lockdowns in the supply chain from diesel to electric, shares vivian driving off a cliff at this hour after the ipo lockup expired the hottest ipo in 2021 down 77% this year, working to take a look at which insider is pulling the plug let's start with the breaking news, the markets are getting slammed by the racquetball that this hour all the major embassies are screaming red were keeping a very close eye on all of them particularly the s&p 500 is looking at the fifth straight week of losses, down 93 pointer to win a quarter% at 4029. as i menti

you have something for us from warren buffett. >> warren buffett is -- i disagree with some of his policyit comes to stock markets and how inflation affects people and corporations together, i think he nailed it way back in 1977 before we had a huge spike just as we were beginning our big inflation spike of the late 70s. he said the math makes it plain inflation is a far more devastating tax than anything enacted by our legislators. the inflation tax has a fantastic ability simply to assume capital. capital is savings for individuals. companies call it investment and use that capital for investment. the president claims he is a capitalist because he would agree with statements like that but he goes on with policies that are responsible for the inflation that is destroying capital. >> harris: yeah. well, what republicans are hoping that voters will do in the mid-terms is say what has changed for me with the new president? when the answer is what you just said, all of that inflation information and the pain they feel at the pump, they will vote accordingly. >> it is not going to change in s