buying like buffett, round four. billionaire warren buffett shopping spree in the same stock continues. we're going to tell you where he's upping his stake again and what it's doing to those shares, that's next, closing bell 40 minutes away we've got the dow jones industrials powering higher by 695 points look at the nasdaq gain, three full percentage points a gain of 343 points, well, could we hit nasdaq 12,000 at some point soon we're at 11, 703 and we're coming right back on the "clayman countdown." (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly differe

okay, take it again. >> also on that videotape, rachel buffett.stage and off, because they're engaged. ♪ and you will be my true love ♪ >> dan and rachel, at least from our perception, were complete opposites in personality. he was very outgoing. rachel was more standoffish, quiet. she always had a serious look on her face, and that came off rude. >> rachel and daniel wozniak were both unemployed. he had a hard time keeping a job. he was a little bit lazy. and he had no real ambition other than this desire to be an actor. >> you're not doing community theatre for the money. no, you're doing it to meet new people, new friends. >> he was two months behind on his rent. he was facing eviction. he was borrowing money from friends. >> i don't think we knew anything about money problems until he asked us to borrow money. >> he just said, i just wanted to know if you can lend us $500. it's a surprise for rachel. you know, we're getting married and i have this photographer that she likes and i need it for a deposit. >> money problems are a constant theme f

that used to be a spot reserved for longtime marquee investors like warren buffett.are hearing that in sun valley the traffic is a little more than usual. into saturday, longer than usual for this event because people are so excited to hear from him on saturday. jon: when you are doing a keynote at sun valley it's a unique audience. you might get a question from come up in this case, a warren buffett or a jeff bezos. sonali: it's fascinating because the other folks in the office are certainly the likes of jeff bezos, bill gates has been seeing here today. one interesting person here that has been benefiting from elon musk. the about tesla a lot. also, spacex. dan sondheim says a lot of his private investments are down. people are really worried about deploying capital when parts of their portfolio are bleeding. but he's gaining from spacex. so, how would you people are looking to warren buffett form -- for soaring valuations even in a tough time. kriti: the stock market is green on the screen. you are seeing that amid a low-volume environment. how much of this is sus

warren buffett only beat it by 2.5%. so either u.s.good feel for trading stocks, or they are using insider information. that was over 20 years ago. this has been going on for decades. at some point we have to get serious about this, which we either do 1 of 2 things. they have to file the sec form to show all of the trades they may -- this includes staffers, jesse, this is not just members of congress, this is staffers, as well, who abuse the stock act of 2012. that is one approach. or the minute you enter public office, the member and family members have to put all of their stocks into a blind trust, but a further stipulation being no one associated with a member can actually have communication to actually direct the trustees until they leave office. i mean come at some point we got to get -- >> jesse: i think those are great -- >> going on for decades appeared >> jesse: recommendations. but it will never happen. because you need congress to pass those measures and congress will never kill the golden goose. ned, thank you so much, as a

giving buff net's -- buff pet's company an 18% stake -- buffett.bled this year as a result are of buffett's steady purchases of the company little by little to a massive, pretty big stake of 19% as well as rising oil prices that really took off following russia's invasion of ukraine. >>> well, president joe biden ie minister shinzo abe after he was asaws mated. president biden stopped by the japanese embassy on his way to cia headquarters to pay respects and to commemorate agency's 75th anniversary. with that, we go to edward lawrence at the white house with more on the president's visit the to the cia. what are they doing? >> the president's gone in. we can't show you live because you can't broadcast a signal out of the cia building, but he's highlighting the 75 years of service that the cia has done. now, while at the cia the president will meet with agents who have worked on ukraine and have been thrust into the limelight because of the russian invasion in ukraine. now, the agency, again with, has been thrust into that spotlight for the work it

was it warren buffett or anthony fauci? you are going with warren buffett. dr. fauci. this is a big one that see it. >> i don't know where the word retirement came in. i may step down from my position. >> jesse: jessica did not get the anthony fauci question that's gonna hurt. you should know everything about the good doctor. all right stop lording it over her this is still a game here for the next category and flagrant foul. what nba star with a history of questionable comments had some choice words the people of boston. describing the city's fans as racist as f with a lebron james or was it sir charles barkley? both going with lebron james. is it a trick question? >> jesse: do you agree with that change? >> that's illegal but i'm still gonna go with it. all right he's going with chuck what is the answer? >> why do you hate boston? >> they racist as a [bleep]. >> jesse: you never let someone touch a paddle. >> he wanted that to happen first of all. >> that's what she said. speak for now it's tied we were really close game and a category whose courtroom cult

so to the degree that recessionary things happen, they are always going to buffett industries.nk this is a sector that will buffett it are less, so we feel confident in what we outlined or we would not have said it. crystal balls are never perfect, but we think we've got the right collection of assets and in this instance, we are strengthening our hand with in combination with unity and ios, if we can help our customers make better content, we know there is long-term success in that. emily: thank you for giving us your view into your crystal ball, john. always good to have you. john, ceo of unity, appreciate you stopping by. all right, bill gates is donating $20 billion to the bill and melinda gates foundation this month. the foundation has a new goal of increasing its annual giving by 50% to $9 billion a year. gaetz latest donation brings the foundations total endowment to about $70 billion. coming up, to the collapse of one of the largest crypto hedge funds are -- it's further crypto selloff. we will dive into this week's big take next. this is bloomberg. ♪ emily: the rise an

occidental petroleum, a warren buffett favorite, under pressure to the tune of 3%. lot of corporate stories in a market to your point where people are trying to gauge where we go from here. american airlines surging 10% today based on a relatively encouraging revenue outlook despite some travel headaches. delivery news from boeing inspiring investors. on the other side of the fence at technology name like service now on some general macro concerns being raised i the ceo -- by the ceo reminding us this is a sensitive time for technology stocks. kriti: perhaps mirrored or forecasting earnings season. peter oppenheimer at goldman sachs. we talked about earnings season as markets adjust for a potential economic downturn. peter: i think earnings will come down quite a bit. whether we end up with the recession or not, there's a good chance markets will price that probability as being higher than they have done as yet. jon: for more on a potentially volatile earnings season let's bring in mandy xu. in terms of us having to assess where we are going through the lens of earn

, even though ford says demand is strong despite high prices and rates, and look at this , warren buffettshire hathaway continues to build its stake in occidental petroleum now controlling 17.4% of the oil company shares but there is no buffett bounce for occidental today, stocks down 3.2% and sec filing on friday revealed buffet t conglomerate owns 163.4 million shares making it by far the largest shareholder. berkshire hathaway stake is about 60% larger than that of vanguard, the next largest shareholder and now you know. omaha obviously sees value in the oil patch but americans are more concerned with how much they are paying at the gas pump, gasbuddy patrick dehaan is here to tell us if these high prices, 4.80 nationwide are they here to stay? i hope not. let's check the markets the dow is down just 160 but the s&p had just turned positive, it's completely flat, hugging the breakeven line right now, this can go either way the nasdaq firmly in the green it's up 1.5% or 165 positive points, "clayman countdown" coming right back. i grew up an athlete, i rode horses... i really do take ca

and i can guess what buffett's first investment tip will be [ light laughter ] i guess i'm the only onecan guess. [ laughter ] not one of you has the same guess as me? [ laughter ] he's got - [ laughter ] i mean, it's just, like, jarring to go "o" for the room [ laughter ] he's going to come in and he's going to be like, "$19 million is too much to pay for lunch." [ laughter ] [ laughter ] [ applause ] ah-ah-ha the toy company nerf recently unveiled its first-ever mascot, which is a character named murph. though it's hard to imagine that children will have the energy to play with nerf products since they will never sleep again. [ laughter ] and finally, as you all know, juneteenth was yesterday and here to help us celebrate is one of our writers, jeff wright. [ applause ] >> happy juneteenth, everybody >> seth: oh, jeff, i thought you were going to be here in person. >> sorry i couldn't be there in person, seth but i will tell you all some fun facts and things you can also do to celebrate juneteenth. now, juneteenth is a day to remember, literally, because black people were freed, but i

chinese byt backed by warren buffett beat out tesla in global sales in the first half of this year. tesla was hit this spring by covid lockdowns and travel restrictions in china. many of byd's models are plug- in hybrids which are counted as zero emission under china's sales rules. the company and battery maker are preparing for a push into foreign markets including here in the u.s. >>> amazon is celebrating its 28th birthday today marking one year since jeff bezos stepped down at ceo. on this day in 1994, bezos incorporated the company after launching it in his bellevue, washington, garage. andy jackie took over as the head of the company. stocks hit a record high, but since then it's down more than 40%. fallout from the covid pandemic, record inflation, supply chain constraints and labor challenges have all plagued the company. amazon is still worth more than $1 trillion. >>> up next, you may know her as dance cam mom. now the warriors fan favorite is going national taking her moves to a new tv show and you can find out where to watch it coming up. - [announcer] the more we learn

backed by warren buffett beat out tesla in the global sales. tesla hit the spring as tesla was hit this spring by covid lockdowns and travis restrictions in china. many of byd's models are plug-in hybrid, which is counted as zero emission under china's sales rules. not exactly fully electric here. the company and battery makers are preparing for a push into foreign markets including here in the united states. >>> okay up next what happened to the gias tonight antnd >>> okay, mark it down on july 5. this might be the night when the giants push the panic button, losing six straight games and 12 of their last 15. things look great for about seven innings and then the wheels fall off. the bottom of the 8th inning a 2-1 lead. but they explode for five runs. giving up the three run homer. that goes into the pool. what a gut punch as they lose tonight 6-2. >>> at the coliseum tonight last place, but you know what they still keep fighting. the a's and this? this is supersonic wifi from xfinity. it's fast. like, ready-for- major-gig-speeds fast. like ri

to charity in 2010 with raven buffett.started a project called the giving pledge and each pledged to give over 90% of their wealth to charity. now gates has confirmed that almost all of his money will give to a charitable foundation that he and his ex-wife melinda created in 2000 the foundation fights malaria hiv polio is primarily in africa invests in children's education in the provision of agricultural research forbes estimates bill gates' fortune at $ 122 billion businessman says over the past few years events took place in the world that plunged people into despair and made them think about where this world is heading, as examples, gates cited the coronavirus pandemic and what is happening in ukraine, well, he says he believes it is possible to bring the world back to progress according to him, their fund with melinda 20 years ago was spending a billion dollars a year now 6 billion, but he sets a goal for the twenty-sixth year. he will increase expenses by 50% to $9 billion a year. that is why he is ready to part with

. >> it's byd backed by warren buffett. that's the name of the company.t beat out tesla in global sales in the first half of this year. many of their models are plug- in hybrids which are counted as zero hybrid. >>> tonight at 7:00, could it be president gavin newsom. the new poll shows how he would run and fair against former president trump if they both run in 2024. that story and more coming up on our 7:00 newscast. >>> up next on nbc nightly news, lester holt reports from highland park, illinois. new details just released about the suspect. toll and the charges announced in a fourth of july parade shooting a seventh person died after police say a gunman randomly fired more than 7 rounds with high-powered rifle from a rooftop onto a crowd below in highland park. the new image investigators say the shooter disguised himself as a woman to blend in and make his escape he preplanned the rampage for weeks. new details how police found the car he was driving. >>> among the victim, the 78-year-old grandfather and a former preschoolteacher and my conversation

buying the oil at a dip and selling it back to the public, warren buffett is doing it but he's not selling it back, he's just making a lot of money. the government could buy it back and sell at lower prices. i'm pushing an agenda that's going to help lower-cost people. lily: fantastic. talk about the internet bill of rights and how you formulate a that when speaker pelosi asked you. rep. khanna: people say why should i care about tech stuff? it's not about that. fundamental rights for citizens. people should have inalienable rights to their data. when i walk into this bookstore, you don't get all of my information. you don't our thing about me. when you go online to these companies, you're giving them all of your information. nobody would say tell me all of your likes, preferences, everything about your family, every place you visited. you would run away. so why should we have all of that stripped from us will be go online? the companies take the data and they target people. this is how qanon has grown, how hate groups have grown. they use this to profile people and build extremist groups

they rolled out a banner reading last generation, no gas, no coal sandra buffett, chillies primavera was saved by protecting glass and stole by the gallery in florence. the protest has been banned from the city for 3 years. as in heavy traffic at the you case, port of dover, where long queues of cars and trucks had to wait for hours to cross the english channel. the congestion has now eas, but the port authority and declared the situation a critical incident. people trying to get to europe for some.

warren buffett isn't selling. they buy back an enormous amount of stock every year. company has moved out the upgrade cycle. it is no longer as hit driven as it used to be. i say that has merit with a lot of investors, but is it reflected in the valuation? it still hold the premium relative to where it has traded on the free cash flow basis in the prior decade. >> when you look at the valuation over longer-term, you mention a decade, apple created multiples 10 years ago commences then, it has expanded significantly. apple is in a really unique position. it is better than consumer staples in some ways. first of all, you have option out of the of new products. you don't have that with healthcare or the broader car market. there is all this optionality that is not being counted. the second part of the story, different from staples, gross margin expansion, you are seeing services becoming a larger piece of the mix, you have this real secular shift of gross margins moving higher. it is inappropriate to compare it to prior valuations. i think the premium apple gets to the

. >>> and buffett's big oil bet. >> and finally musk and twitter headed to course in less tan an hourak down the latest and what comes next. the big show ahead of us >>> bitcoin holding above the pivotal 20k level. our next guest is bullish, saying july will be critical for crypto, and contagion risk will decline in the next three to four weeks joining us is analyst john tedaro what is it about the next three to four weeks that gives you kempt we could see some of these contagion risk decline there's been so much noise in cryo right now help us cut through that. >> there certainly has been. what you have seen is a lot of lenders who had significant trouble over the last few weeks, stemming in pardon from the large hedge fund, issues that were going on, and that rippled to a lot of borrowers. you saw it impact several. what you see now, appeared this is why i think the next three to four weeks will be critical, you're seeing some capital allocators step up and provide capitals to those entities and shores up some of those balance sheets likely over the next three to four weeks, the lar

warren buffett, did you hear this?ug-ins and hybrids where tesla has a pure electric play. of the one why is warren buffett pulling out? susan: you see a peak in the company itself. blue and taking his money and running. susan: people are trying to figure out where they are coming from. stuart: see you again soon. i have a headline for you worth reading, what critical race theory has rot in la schools. deroy murdoch, give me a report on the effects of crt in los angeles schools, holding black kids back, is that the story? >> that is the story. i grew up in los angeles, la city schools through 12th grade. i was told do your homework, perform in class, study, focus and you could succeed. that's a different story. training for teachers on -- teachers and staff coming in and being instructed to tell students things like hard work and focus on success and individualism are aspects of whiteness, white supremacy, what this says is you are not going to make it, prepare yourself, you will be held down by the man essentially and

to charity in 2010 with warren buffett.arted a project called the oath gifts and each promised to give to charity more than 90% of his fortune. and now gates has confirmed that almost all of his money. he will give to a charitable foundation, which he and his ex-wife, milendari. created in 2000. the fund is engaged in the fight against malaria, hiv, polio, first of all in africa, invests in children's education in providing food, agricultural research forms, estimates gates' fortune at $ 122 billion, the businessman says over the past few years, events have occurred in the world that plunged people into despondency and made them think about where this world is slipping. as an example , he cited the coronavirus pandemic and what is happening in ukraine, well, he says that he believes that it is possible to return the world to progress. according to him, their fund, smelinda 20 years ago, spent one billion dollars a year now 6 billion, but he sets a goal in the twenty-sixth year. the fund will increase spending by 50% to $ 9

warren buffett has been buying up shares of occidental petroleum. >> yes that's right so that's thumbsett although carl icahn has sold out of occidental so which billionaire has it right? berkshire is doubling down up ping their stake in occidental so they bought almost close to $10 million more shares so they have a stake worth 17.5% but it makes sense with oil prices it crossed 111 last night, exxon says that -- stuart: way down this morning. >> but again that's growth concerns i think global growth concerns. so we have exxon-mobile also saying that because of the higher oil & gas prices, they are going to be $18 billion , $18 billion in three months in the second quarter. stuart: profit. >> i believe so. stuart: 18 billion. >> i'll double check that but i think it's revenue to be honest, but still 18 billion in revenue in three months is pretty outstanding for an old industry, right? something we thought was in past stuart: it's only a matter of time before the oil company haters, come after them and say you're making far too much money >> it's so complex so pump oil now but we're l

warren buffett buying those shares when it drops below $50. he is hopping into that market.looks like he has hopped into that. that is pushing the stock up. we have some specific news with the fundamentals. gamestop, you've had a complete turnaround in the story. gamestop was higher by a lot because of a stock split in the last 24 hours. they fired the cfo. they announced widespread layoffs. shares are down 5.5%. levi strauss, denham never goes out of style. kailey: skinny jeans do. >> i wonder if tom has those 70's bellbottoms. jonathan: you can stay for a while if you want. >> levi strauss is up 4%. levi's is coming out on top. tom: i will have to take a road trip to brooklyn and unloaded 501(c). -- 501's. thank you for reminding me of retail travails. matthew joins us, he's been brilliant at deutsche banc, way out in front of the beijing recesses. at 830 1 a.m., will i know if the american labor economy is finally broken in a different direction? matthew: thanks so much for having me. we are expecting 225,000 jobs. we expect the rate to fall to 3.5%. the market is focused

we have warren buffett, bill gates.acid ending investors plus a lot of newer companies coming off the pipeline. startups on saturday are expected to speak to high net worth individuals. a lot of venture investors very worried about recession. also really excited about the opportunity that volatility has come down just a bit and prices have come down so much. looking to the future, they are excited about clean energy deals, biotechnology deals, and the future of technology as defined by elon musk. >> coming up, we will look at the fallout of britain's political turmoil with a former senior policy advisor to the u.k. government. this is bloomberg. ♪ millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g incl

he's read in numerous critically acclaimed books including the new york times bestseller buffett when genius failed and the end of wall street all which we do have available for sale if you want to get signed at the end of the presentation, yes, three children and lives with his wife judy sloven in cambridge, massachusetts and tenants harbor, maine, please give a round round of applause for rogers thanks so much. it's great to see you here. it's great to be here where i lived in the mid-1980s when this tour was across the street, but was a haven for book lovers in a town where some people prefer to go to the beach now and then and it obviously the store has thrived so it's great to see all of you here. this book is is about the civil war as you probably know and the first point i want to make is really the main point of the book about the the tremendous financial burden that lincoln and his treasury salmon chase took on to finances war. i'll talk about them later in the talk, but they had what i would call a marriage. it was a very fruitful marriage. not a very happy marriage, but the

. >>> thank you, dom warren buffett buying up for occidental stock he is paying $250 million over the past three days. latest purchase is bringing the total investment to 179 million shares or 19% stake in the company. >>> panasonic is selecting texas for the multibillion dollar mega factory. when it is complete, the plant would produce electric vehicle batteries. the choice to build is coming five months after state lawmakers rushed to approve a tax package of $1 billion to attract the company and promise of thousands of jobs that come with it. >>> united airlines and pilots head back to the negotiations table for a new round of talks the airline pilots association said yesterday the agreement they made a deal to fell short of some pilots expectations. tentative agreement included a 14% pay raise within 18 months was revealed june 24th voting by rank and file pilots was set to close friday. the real question here, dom, and you see united airlines down 1% in extended trading. what does this do for other airlines to set the standard for their negotiations >> you see it is not having a

kriti: more questions than answers but i'm curious about the audience, you have the likes of warren buffettbob iger, is there perhaps any chance the iciness around the details are actually broken given the audience he's speaking to? ed: yeah, but you have to remember the conference is completely behind closed doors, right? that these are the unwritten rules that attendees do not discuss what is discussed inside the room. i think what's interesting is that folks here have a lot of opinions what's going on. "the washington post" cited anonymous sources that said musk's team just don't believe twitter's data or the evidence twitter is giving is verifiable on the level of the platform and earlier you had twitter executives give a briefing that said yes, the number of bots on the platform is less than 5% and we don't believe twitter or a third party outsider can verify it because we use a mix of public and private data and the timing was suspect. the discussion i'm having around here is we are moving towards perhaps a lower price point, musk coming back in. because walking away seems very compli

the ceo of one medical will remain ceo remember when warren buffett and amazon got together and they were going to reinvent health care and gave up health care is something that's outrageously wrong in this country, we all know i hope amazon gives this a real shot there are many competitors of teladoc. that was a big cathie wood name. she's been terrible. >> okay. >> now, cvs is down a lot op walgreens has not made its move yet. one of the hidden things that people don't know is pilferage >> shrinkage that's why everything is under lock and key at cvs. >> it's easier to order from amazon and have it come to your house than it is to get someone at one of these drugstores to open -- you ever try to buy a razor blade? >> i can't buy ice cream behind lock and key. >> here's the strategy they let you steal one thing, but if you steal more than one thing they nail you. the fact that this is actually true is shocking you can steal one item you know what margins at these places are, how thin they are? >> i know. look at that >> there was a diversion in front of me at target where a guy was d

that will be higher a few years from now you don't need to be warren buffett to know that bad, ugly andd alike the key he iis finding the goods in the rubble. rbc made eight changes to the 2022 best ideas. four names in and four others getting the hook these stocks they call high conviction long-term ideas first, the names off the list. amazon out twilio is out. here is what is being added to rbc's best ideas utility company aes. american tower rbc thinks will get a boost from 5g tower construction. third stock? lonza group. switzerland life sciences company. the ticker is lazgr. and then veeva systems they like software sold to the life sciences industry which is more safe and defensive in nature four names for you at rbc adding to the best ideas list it doesn't mean they guaranteed to be winners. nothing is if you are looking for some new ideas, there you go. random and hopefully profitable. >>> okay let's bring in our next guest which is degas wright. founder and ceo. in the commercial break, degas, i asked jason, did degas pick veeva systems because of the rbi? he said no it was coi

china backed by warren buffett talk topped tesla in global sales in the first half of this year. was hit by covered lockdowns and travel restrictions in china. many models are plugged in hybrids which are counted as zero mission under the china sales rules. the company and the battery maker are preparing for a push into foreign markets including the u.s. >>> tick-tock abandoning plans to expand live shopping. the financial times reports that the social media platform is hit by internal problems and is struggling to gain traction. tiktok was launched in the uk last year with plans branded influencer selling the product live on the app. tiktok aimed to expand to germany, france, italy, and spain earlier this year before launching in the u.s. >>> amazon start a new chapter as it is celebrating its 28th anniversary of its launch. it was on this date in 1994 jeff pesos incorporated, the company after launching it in his garage. isn't that like apple? in the garage? >> and google, i think. >> i am glad that i have a garage now. >> you do as of today. >> the second largest company on ea

. >>> warren buffett's biggest stock pick >>> if you missed it, follow us on the "worldwide exchange" platforms. we'll be right back. (vo) is three hundred and ninety-one thousand four hundred and thirty-four square feet... enough space for your ambition? loopnet. the most popular place to find a space. only at vanguard you're more than just an investor you're an owner. that means that your priorities are ours too. our interactive tools and advice can help you build a future for the ones you love. that's the value of ownership. >>> major averages looking to keep the win streak going. futures pointing to a lower open can the markets turn around to make it five in a row? the most important story europe's growing energy crisis prices spiking with countries racing to stock up fuel ahead of winter. >>> and always opportunity friday here on "wex" with the biggest buys by company ins insiders including one high profile investors making a big-time buy. >>> it is friday, july 8th this is "worldwide exchange. >>> welcome or welcome back. good friday morning. not quite 5:30 on the east coast. le

the likes of warren buffett, fidelity.is one of those groups that seen markdowns in their private portfolio. dan broke that his -- was dragged down further by private investments. when you're looking at the companies that are here. and then even more broadly now, these are businesses in a high-growth environment have such potential were able to strike left and right and now their questions about how they make it through this next cycle. what kind of businesses will matter and what types of partnerships and investors need to make that happen. guy: great reporting on figuring out. is it saturday that they'll be seeking -- speaking? what are they expecting? sonali: something remarkable about what we know elon musk is doing, saturday the final day a traction for many of the people here. certainly the younger investors looking for a way to get through the pain we see in the macroenvironment over the next couple of months. when you look elon musk here. it's not just growth and innovation and where to place your bets in terms of

be warren buffett, dude.make your money in your 60s. who cares?at happensafter that? - mmm. this might soundreally, really crazy, but what i've donewith my portfolio in crypto these past fivemonths, i know i'm set for life.i just have to hold. dead ass. sir jackalot:who says a stock price has to be calculatedbased off cash flow? i mean, it's just what peopleare willing to pay for it. and again, what's morallyor ethically wrong with that? that's just the game. [music playing] (singing) there once was a stockthat put to sea. the name of the stock was gme. the price blew up and theshorts dipped down. hold my bully boys, hold. [grunts] soon may the tendieman come to send a rocketinto the sun. one day whenthe trading is done, we'll take ourgains and go. she had not beentwo weeks from shore when ryan cohenjoined the board. the captain called "allhands" and swore he'd takehis shares and hold. [grunts] soon may the tendieman come to send a rocketinto the sun. one day whenthe trading is done, we'll take ourgains and go. before the newshad hit the market, w

want to call it that, that was especially perfect to come on the area and race the treaty up more. buffett a key last a in according to asked to go be no, what he called the black crace was the lowest of all peoples. jews were also a separate race, the semitic race, which was also inferior to the white race. mm. that your racial theories helped justify the nolan's creation of cheese, since religion was lessened less important than the fact that by one christian was no longer wasik newfound or something else was needed. was it through an almost historical trick, but that perhaps they do not have to convert a tall ask of you either a different race fill so they can become lacrosse. anyhow, you have good news or racial anti semitism replaced to religious anti judaism, though not entirely in mid 19th century western europe, jews were still discriminated against in the territory governed by pope pius the 9th. in rome, the pope forced jews to live in a ghetto, built 3 centuries earlier ah snow fit on bud. let's eve upon position called pious. the night condemned rationalism and modernism. he fav

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. >> warren buffett buying more shares of oxy despite that they doubled.op on disappointing outlook. tough guidance there jenny, thank you the sector coming off the worst first half ever. how many times can i say that this show? what should you expect from semis. the committee will bngri their take and maybe some of their stocks next. wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> welcome back most of the market semiconductor stocks have been walloped. smh etf, down from a high. down today as micron spooks the market concerned about future demand. pete, you own micron shares. the ceo's comments were not optimistic last night. >> the forecast is what everybody was focused on, brian. that was not positive either there's a lot of issues going on i can tell you this as well. they are attacking in the semiconductor world

. >>> a mortgage company owned by the billionaire warren buffett is committed against potential black latino homebuyers for years. that's according to the justice department large redlining settlement. now, trident mortgage company must satisfy $20 million for loans in minority communities. the doj reports this is the second largest redlining settlement in u.s. history. redlining refers to the practice of deliberately avoiding loans to minority communities. the incidents cited were in pennsylvania, new jersey, and delaware. according to the doj, loan officers would often sent emails with racial slurs. they also called some nonwhite humidities .eed to higher loan offices. as part of settlement, trident must pay a $4 million civil fine. the company also agreed to hire loan officers in the affected neighborhoods but since trident stopped making loans two years ago, it will contract with another company to provide the $20 million in subsidies. the company reports its strongly disagrees with the findings in this settlement. >>> for the first time since went public 10 years ago, facebook, w

i would become best friends with warren buffett. >> i would say give it to me in five dollar bills. >s. >> i would get the lump sum too. >>> we have a lot going on in weather. we have the fog protecting us from the smoke. and it does. the factor it plays when it comes to the smoke come if you look at this camera, is it helps the smoke stay high above gliding over the fog protecting us from those particles coming down and impacting us at the surface. it will be something we are looking out for. satellite radar showing us this moisture that pushed overnight. this is what we were looking for. pushing to the north and we do see some scattered showers. there is some wet pavement but we are watching for lightning strikes and that will be the biggest concern. you guys know we are really dry out there so any form of lightning could easily start a fire. overnight we saw that move-in but like will happen by 1:30. notice the rain chances move out and we keep the fog on the coastline and look at the sierra. the sierra is looking for a chance of an isolated thunderstorm through the afternoon. if y

. >> you know our country is fond of swashbuckling businessmen warren buffett even lives in his own houseose others who have the money and foresight to go where no man is gone before. robert wolf who knows he's business people personally, former ceo chairman of ubs robert will see what happens thank you. >> yes thank you, anita. three of america's gun control debate rages on experts are scrambling to try to understand a disturbing trend. why do mass shooters seem to be getting younger and deadlier? analysis from former vp on a ted williams coming up next. she quickly created official say russian the red actual building second largest city. that. unreported guild. meanwhile the iranian government and the region said russian forces are managing to raise true hell there. relentless strikes in the eastern industrial heartland lucas thomason live with the latest from there. russian forces control over 20% of this country despite repelling russian attack coming from inside its own territory and the largest city of kharkiv. there being fired from russia are off-limits to ukrainian missiles that

. >> well, you're in good company at least warren buffett and charlie munger agree with you.the banks because recession fears and falling bond yields are a double whammy for bank stocks today leslie picker joins us we've got the yield curve about to invert again. not good for banks. >> that's right, sara. so recession fears have really been the bulk of the concern surrounding banks for much of the year, probably dating back to when russia first invaded ukraine. but they have had this force of rising yields, and that's true because banks do become more profitable by charging more deposit than they pay out to depo depositors now that yields are sliding as well creating a double whammy for banks, that's creating some pressure on the sector, although it's bounced back a little bit with the broader market, well off their lows of the session. there were also a few price cuts, price target cuts on friday before the holiday weekend. investors may be doing some repositioning ahead of bank earnings, which believe it or not kick off next week. >> leslie, thank you charlie, we're going t

tesla's loss appears to be warren buffett's gain.cents. tesla disappointing analysts delivering fewer cars than expected in the second quarter, tesla had to temporarily shut down operations at its largest factory in shanghai because of covid-19 lockdowns. they have also been delays in opening its new factories in texas and germany. at the same time, sales have tripled at b y d. that's the company based in china that warren buffett is invested in via his berkshire hathaway. now, despite that, when the opening bell ring this morning shares in b y d and tesla dropped, as did the broader market. the next couple of weeks are going to be very busy, we could get more disappointing reports coming in a second quarter earnings reports come in, and we're really going to get a sense of the economy based on the corporate earnings and how those companies see the quarter. and the rest of the year as we take a live look at the numbers, the dow jones has come back. it was down about 700 points still down the 580 points. almost 2. the s and p 500 also

having to do debt reduction but it's done quite well it's got the berkshire backing and the warren buffettroval and that makes people feel good about investing. i am a buyer i don't think the energy rally is done. i think it needed to take a breather i think some of the demand destruction, unless we hit $150 a barrel is less of a concern. >> you're still more worried about the upside than the down side let's leave it there then. pivot to the renewable space where the solar and alternative names are getting hit from a few key issues it's not like they're benefitting from this rotation out of the traditional fossil fuel plays pippa, why are they lagging? >> they are higher today amid this broad strength that we're seeing across the market longer term many of the names are still sharply lower. supported policies have failed to pass and higher rates make future profits less attractive one group to watch is the residential home installers that sun run sunnova up today but in the red for the year and they don't manufacture equipment and have higher margins than large-scale projects with utility

i realize warren buffett is out there buying more occidental, but i think that oil prices spiked based on what happened with russia situation. you see them coming down and so i think that i wouldn't be -- i think if you are moving more towards health care, media, defensive names, defensive consumer names, i think that you'd be better off than chasing high prices because that will all fluctuate. >> all right michael, good to have you. thanks for your time >>> don't miss tonight's cnbc special, taking stock, the state of the market. it is at 6:00. we'll run through key corners of the market and economy >>> coming up, senator manchin steps in again, delivering another blow to president biden's "build back better" agenda what are the sticking points, what does it mean for the midterms >>> plus oil prices are front and center for the president's trip to saudi arabia can he persuade the saudis to ramp up production and what is the fallout if he can't? >>> and as we go to break, let's get a quick check on the markets. dow up 581 small cap russells are the strongest performer. ten year yield,

>> i did you gave a bunch of reasons you like it, berkshire hathaway, buffett has loading up that's what to buy? >> it's also down 25% from may 31st they are making progress on better execution, right? the first quarter was good they maintained their budget they raised targets for -- they generated 3.3 billion free cash flow, and came down 2.4 billion in debt. they are on their way to getting to the net debt target after they do that, i think you'll start to see buybacks and dividends again. >> i appreciate you calling in stephanie link, hightower chief investment strategist. thank you. >>> we're back with final trades, right after this no ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq like any family, yeah... oh. the auburns all have... individual priorities. some like strategic diversification. some like a little comfort, to balance out the risk.

to charity in the tenth year with vorn buffett.arted a project called the giving pledge and each pledged to give over 90% of their wealth to charity. and now gates has confirmed that almost all of his money. he will give to a charitable foundation, which they, along with ex-wife melinda created in 2000. the fund is engaged in the fight against malaria, hiv, polio, primarily in africa, invests in children's education in the provision of food in agricultural research. according to gates, their foundation was spending $1 billion a year 20 years ago, now it's $6 billion, but it 's setting a new target for 26. the fund will increase spending by 50%. up to 9 billion dollars a year. and that's exactly why he is ready to part with his fortune and already this month gives the fund 20 billion dollars lena and i say, i have everything. rather were the economic review of the day the brix group is preparing to expand. soon they can join it, turkey egypt and saudi arabia , the president of the international brix forum said earlier it was also re

charles: i bet we're going to find out buffett bought more too. he's been loading up on the dip.s amazing that he's so patient even at his age to go from 20 to $150 billion in cash, wait year after year, and for a year like this to buy while everybody keeps coming on tv saying to sell. >> we could all learn a lot from him. charles: this list has other maims on it. you like microsoft also -- >> i like cloud growth, and they're growing a lot faster than amazon, amazon slowed down 37%, microsoft's had 50% growth, that's a long-term trend that's not going away regardless of if we enter recession. charles: you say nvidia is a great company, but nxpi might be a better play. >> we talked about the shortage of chips for automakers, and they have 50% exposure to the automotive market whereas nvidia is only at about 500-600 million, so very minimal exposure. charles: you stay away from the names on here with too much retail exposure. you wouldn't do a home depot or amazon. >> no no one else is saying it, i believe we're in a recession right now. i think that q2 print is going to come out,