her name is rachel buffett. you may remember her from a story we first reported in 2016, about her then fiance, dan wozniak. and about two families in search of the truth. >> i know a lot of answers now. a lot more than i had the last time we met. >> now, the final curtain. >> i believe with all my heart they were trying to get me back and kill me. >> new information. >> there's things that people need to know. there's things that need to be said. >> and a question, what would you do for love? we'll get to all of that. but first, let's go back to where this story began. orange county, california. not too far from the coast you'll find the camden martinique apartments, occupied mostly by students from nearby colleges. >> we had the pools. we had the hot tubs. >> back in 2010, vylet randolph lived there with her then husband. that's where they met a 20 something couple named dan wozniak and rachel buffett. violet's husband described them to her. >> there's finally a couple who is little more mature, the wine drink

. >>> finally, be like buffett good old berkshire stock is up solidly for the month. mike khouw has an options strategy to parallel its place it's time to risk less to make more options action starts right now. >> let's talk about today's market action because stocks ripped higher to closeout the fourth week of gains the dow jumping more than 800 points on pace for its best month since 1976, and the tech heavy nasdaq leading the gains climbing nearly 3% carter, what do you make of the rally especially in the face of some pretty brutal earnings reactions in big tech? >> right, i mean one of the things about having a particularly good which we did is it almost always follows a particularly bad month that's the name of the game. when i have client conversations one of things that keeps coming up is this, hey, listen, we're in that homestretch. we know there's seasonality on our side, post election potential, and there's nothing to hit us now. earnings are out of the fed. fed we know they'll do a bit more, let's run this thing okay, but that's not an investment thesis. th

. >>> finally, be like buffett berkshire stock is up solidly for the month. it reports results next weekend. if the equity is too rich for your blood, mike khouw has an option strategy to parallel its plays. it's time to risk less to make more "options action" starts right now. >> welcome, everyone before we hit some of the trades, let's talk about today's market action. stocks ripped higher to close out the fourth week of gains the dow jumping more than 800 points on pace for its best month since 1976 the s&p 500 jumping about 2.5% and the tech heavy nasdaq leading the gains climbing nearly 3%. carter, what do you make of the rally, especially in the face of some pretty brutal earnings reactions and big tech >> right i mean, one of the things about having a particularly good month, which we did, is it almost always particularly follows a bad month, the name of the game when i have client conversations, one of the things that keeps coming up is this, listen, we're in the homestretch, we know there is seasonality on our side, we know there is year-end rally po

. >>> finally, be like buffett. stock is up for the month.f the equity is too rich for your blood, an option strategy to parallel its place. it's time to risk less to make more. options actions starts right now. >> welcome. before we hit the trades, let's talk about the market action. stocks are higher to close out the fourth week of gains. the dow jumping 800 points on pace for the best month since 1976. s&p jumping about 2 1/2 percent. nasdaq climbing nearly 3%. carter, what do you make of the rally, especially in the face of some brutal earnings action in big tech. >> one of the things about having a particularly good market which we did, it follows a bad market, the name of the game. when i have conversations, one of the things that comes up is this. we are in the homestretch. we know there is seasonality on our side, year end rally potential and nothing to hit us now. emption are out of the way. sad that we know they will do more, maybe not crazy. let's run this thing. that's not an investment piece. that is just a maybe. >> so, you are

>> i dedicated the book to warren buffett whom i previously talk to. michael morris who helped to build sequoia, one of the best venture firms, another great investor, one of the great overall macro investors, joe simons who helped invent quantitative investing, larry fink who bui blackrock. mb people. >> we will put the numbers on the screen if you have a question or comment for david rubenstein. a lot of topics he can talk about, he has also written history and leadership books. the numbers are up on the screen. go ahead and dial in. what is the goal of investing? it is the highest return on money invested, correct? >> not necessarily. there are some people who care about other things. there are people who care about esg, environmental, social, and government factors. they will not invest gas because they do not think that is good for the global climate situation. generally investors are trying to get a good return on their money and do it in a legal and ethical way. >> someone who owns a venture capital firm, are you an esg investor? >> carlisle as

and my warren buffett play is oxy. i'll be in that as long as he is. liz: you know, occidental, he has a huge crush on that stock is. i said it on my tiktok this morning, my market minute that we put out every single morning, it was all about what is buffett doing on a morning like this because we were deep, deep, deep in the red. and,s listen, we've interviewed him so many times, he was buying this morning, i can almost guarantee it. and what would he be buying? just look at past history, recent history, occidental petroleum because it's a discount right now. we've got it down about 2.7%, and apple. he loves apple. apple has been a brilliant trade for him. the vix, may i just ask you about that, phil? you're looking at about a 4.7% jump here on vix is. earlier it was positive and then before that it was negative. again, i'm striking this tone that it is a very shaky kind of earthquake beneath our feet at the moment. what does this tell you? >> you know, shifting fears right now. and the predominant thing that we're seeing in that vix and the volt tilt

remember what ware rehn buffett said, you've got to be fear full when people are greedy you look at theaii numbers. >> how do we get there do you have more choppiness? a lot of things coming up. more seasoning earnings reports coming up. another big one with tesla, ibm as well. how do we get to that 3900 >> i think you're going to get to that from certainly some oversold rally coming into play. and when we look at the earnings numbers, the one thing that struck me yesterday and the last couple of days, there's a lot of important things, but stocks are not reacting to the downside you look at some of the earnings reporting we've seen so far p you see stocks moving higher, not only of analysts price cuts but earnings numbers that were not quite as strong as people thought. it seems like we're at a time where the earnings cuts have sort of reset expectations for investors, and investors just did not want to buy ahead of the earnings prints in reference to the stocks coming up i think it's a combination that could be the catalyst. if you look at some of the stocks out there that we find int

. >> american philanthropist howard buffett, son of warren buffett, and once the focus of a "60 minutesile was watching. his foundation has granted more than a million dollars to help support the exiled ukrainian dancers. i'm jon wertheim. we'll be back next week with another edition of "60 minutes." ♪wow, uh-huh♪ advantage: me! can't wait 'til i turn 65! take advantage with an aarp medicare advantage plan... only from unitedhealthcare. take advantage with an aarp previously on east new york... my name is regina haywood. we, all together, are going to stem this violence in east new york. why'd you volunteer to do this, quinlan? because i think this is a good idea. winston: gonna wait a long time for that elevator. been busted going on a month. if we buy this place, we should do something different with the bar menu, you know, like not the usual nachos and sliders. i need to see your apartment. please tell me that lame-ass line has never worked before, because you've got no game whatso... pump the brakes, brandy. i'm taking the other unit in ruskin gardens, and i want a look at your layo

my first thoughts what is this about, high nebraska with so many business minds talk about warren buffett and those healing from nebraska to be incredibly successful businessman to tell us a secret about that area of the country. this is such a well-timed book given the economic massacre going on in the country the last 18 months the fact we have so many of these policies that are supposed to be advancing the american dream achieving the opposite we are depleting the american dream and people's economic prospects and it's almost as if joe biden has done exactly the opposite of what you suggested and what is so exciting to me about this book is notn just recitation of all the problems that we have we have in the political class on both sides of pennsylvania avenue. by the way just this evening the senate passed the $200 billion spending bill can you think of anything dumber right now to spend more money? so the congressman and senators need to read this book as well. i am appreciative you wrote about immigration because they are part of the american dream and the people who come to the cou

the unveiling of the great new book and my first thought is what is it about that talk about warren buffettnd but the fact that we have gotten these policies that are supposed to be advancing the american dream but it is the opposite weec are depleting the economic prospects by the growth of big government policy and it is almost as if joeok biden has done the opposite of what you suggest in the book. so what is exciting to me about this book is not just a recitation of all the problems. so by the way just this morningbi passing of that you hundred billion dollars spending bill. think of anything them i really am appreciative regarding immigration they arey a part of the american dream come to this country with nothing and to be alive and well that we have been to these periods whereas despair command the seventies with ronald reagan inflation and but on the gps map how we achieve the greatness i feel confident i hope everyone reads the book. we have worked together five or six years and built who believe in freedom and free enterprise. i am concerned that they don't seem to have the same k

>> i dedicated the book to warren buffett whom i previously talk to. michael morris who helped to build sequoia, one of the best venture firms, another great investor, one of the great overall macro investors, joe simons who helped invent quantitative investing, larry fink who built blackrock. a number of people. >> we will put the numbers on the screen if you have a question or comment for david rubenstein. a lot of topics he can talk about, he has also written history and leadership books. the numbers are up on the screen. go ahead and dial in. what is the goal of investing? it is the highest return on money invested, correct? >> not necessarily. there are some people who care about other things. there are people who care about esg, environmental, social, and government factors. they will not invest in oil and gas because they do not think that is good for the global climate situation. generally investors are trying to get a good return on their money and do it in a legal and ethical way. >> someone who owns a venture capital firm, are you an esg inv

because between the blue days, as you know, i help farmers to collect express through the howard buffettation against the backdrop of the ukrainian victory harvest, harvesters were provided, which are now on a free basis collect express and since there are not enough combine harvesters , not all the equipment is able to move, they had left-handed paint, but now we are threshing for the field, we had to thresh 16 hectares of sunflowers, when will the best oil come out, look at how sunny it is, cool peveostobo expresses 2.5-3 t per hectare, this is with you. well, these are the combine harvesters, well, look at the sonyakhs and hmm , oh, sony, they are real, in europe, they do n’t even grow in them. because of our oil, everyone wants it because it is tasty , high-quality, and affordable. evaluation of this oil. yes, we understand that the oil still needs to be delivered to the consumer on the same european or asian market. you calculate that the car carries 22 tons of oil. yes, already invoices for the cost there will be approximately €30,000 and if the car is even delivered, the car costs

is it about omaha, nebraska that creates so many amazing business mind click to talk about warren buffetttend david -- all from nebraska incredibly successful so maybe you could tell us the secret about that area of the country. this is a well-timed book given the economic massacre going on in theic last 18 months in fact that we have so many policies that are supposed to be advancing the american dream but achieving the opposite. depleting the american dream and economic prospects for the growth of big government policies, almost as if joe biden has done the o opposite of what you suggest in the book. what is exciting to me about the, it's not just three citation of the problems we have also we have problems in the political process, people down the street on both sides of pennsylvania avenue, by the latest money that state senate passed another 200it billing dollars spending bill. can you think of anything dumber than spending more money? passed in a bipartisan way so congressman and senators need to be discussed well. i am appreciative you wrote about immigration because immigrants are

warren buffett and joe ricketts and david sokol all hailing from nebraska. maybe you can tell us about this area the country. this is such really a well-timed book. the economic massacre that's this country and the fact that we have gotten so many these policies that are supposed to be advancing the american dream buddy are achieving just the opposite we are depleting the american dream by the growth of big government policies. it's almost as if joe biden has done the opposite of what you suggest in this book. what is really so exciting to me about this book is it's not just their recite taisha of all the problems we have. we all know we have problems and people down the street on both sides of pennsylvania avenue and by the way just this morning there's another $200 millionno spending bill. and by the way of passed in a bipartisan vote so our congressmen and senators need to read this book as well. i'm appreciative thatat you guys talk about immigration because immigrants are part of the american dream and they are the people who come to this country litera

you talk about warren buffett, joe ricketts, and david sokol hailing from nebraska. tell us what the secret is about that area of the country. this is such a well-timed book given the kind of economic massacre going on in this country, the fact that we've gotten so many of these policies that are supposed to be advancing the american dream but are achieving the opposite. we are depleting the american dream, people's economic prospects by the growth of big government policies, almost as if president biden has done the opposite of what you suggest in this book and what is really so exciting to me about this book is it is not just a recitation of all the problems we have. we all know we have problems, people on both sides of pennsylvania avenue. this morning the united states senate passed another $200 billion spending bill, can you think of anything dumber than right now spending more money and passed in a bipartisan way. congress men and senators need to read this book as well. i am appreciative that you guys wrote about immigration because immigrants are part of the

i mean, you know, we've heard warren buffett say you know, by when there's blood in the streets, andmost analogous here. so many small businesses are closing. so many, you know, retail stores are closing, malls are, you know, going bankrupt. companies that are unable to transition to selling digitally or really taking a full advantage of e-commerce are struggling. big companies don't understand- don't--really aren't sure about how to protect their legacy businesses. that type of uncertainty creates a lot of opportunity, and combine that with people becoming far more comfortable with purchasing online and living a digital lifestyle, i think there is a lot of unique opportunities that are available to people who are creative, who have a vision for the future. i think, you know, in 10, 15, 20 years, we'll look back, and there'll be 10, 20, 30 world-class companies that were created by people who we probably are thinking are crazy right about now. so you had a relationship with president trump at one point, i think, when he was first thinking of running. this is after he announced, and t

in the words of warren buffett be fearful when others are greedy and greedy when others are fearful andow much fear is out there now. i would say look beyond big tech too. if you think of the top companies today, where were they 20 years ago, look at the early 2000s, the top companies, only one overlaps with the top five companies today. you need to make sure you are vigilant of companies that could be the companies of the future and they might not be included in the s&p or the dow or the nasdaq because they are not large enough. look beyond large tech and structural growth mis structural growth memes like cybersecurity. stuart: i see big energy doing well, has all the upside move been ready? >> we are optimistic, up 60%, we are adding energy stocks to portfolios because the inflation hedge, if you look at valuations, still not operate. stuart: there will be some buying done today by people with a longer-term perspective with prices down as they are. we hope to see you again soon. let's get to apple. it is moving nicely. 5%. lauren: she just called them what? old big tech? okay. morgan

lauren: i wonder if donald trump or warren buffett or elon musk have anything to say.tuart: we should ask. the view's and on navarro comes to vice president harris's defense after coming under scrutiny from republicans. >> which republicans are laser focused on his building the narrative that kamala harris is a bubbling idiot, she's not. she is a brilliant woman who has broken glass ceilings and has great achievement. we went got around of applause for that and we will discuss it later. president biden says he never begged saudi arabia for oil despite report saying otherwise so what was he doing there? we have an answer. president zelenskyy asked the us and allies for greater air defense support as russian missiles rain down as fears grow about food net nuclear threats, lucas tomlinson has the full story next. ♪ at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. ♪ choosing miracle

i mean you talk about warren buffett and, of course, david sokol hailing from nebraska and ben and kobe successful businessman. so maybe you can tell us what the secret is about that area of the country. this is such really a well-timed book, given the current economic massacre that's going on in this country over the last 18 months. the fact that we've gotten so many of these policies that are supposed to be advancing the american dream but are cheating just the opposite. we are actually depleting the american dream. we are depleting people's economic prospects of the growth of big government policies, and it's almost as if joe biden has done exactly the opposite, adam, of what you suggest in this book. what's really so exciting to me about this book is it's not just arrest attention -- recitation of what we have. just this morning the united states passed another $200 billion spending bill. can you think of anything dumber than right now spend even more money? by the way, passed in a bipartisan way. our congressmen and senators need to read this book as well. i really am appreciative

that is how warren buffett invested back in the day.k is doing everything it can to sell shares at a diluted moment. dani: scarlet also lined out the many european bank earnings we will get. i am heading to frankfurt on wednesday for deutsche bank and we did learn deutsche bank is looking at cutting back on its origination and advisory part of the business. how painful is this court are to be for dealmakers among the large european banks? tom: i think it will be really nasty. you saw with the u.s. banks how far revenue had been us back. that is off of a high bar from 2021. all we are seeing is massive double-digit declines and i think those cuts we have reported out of deutsche bank will not be the only ones. we have seen some of the u.s. firms and i'll be surprised if other european lenders do not say they are pulling back from investment banking operations. scarlet: the volatility has hit a lot of wall street operations. in the u.s. we have seen the federal reserve be more aggressive in raising interest rates and that has been good fo

7.5% stock number three is insider buy alert at berkshire greg able who is in line to succeed warren buffett he bought class a shares the big number shares this summer he sold stake in the utility division he used to lead berkshire. after the purchase, he has a smaller overall investment in the company than he used to, but the a shares don't trade a lot in the pre-market. >>> let's get another check of the headlines with phillip mena in new york. >> dom, we start with the recovery efforts down in florida. so far, 1600 people have been rescued. hundreds of firefighters are on the ground actively searching through piles of debris for signs of life. across the state of florida, 450,000 don't have electricity the death toll now stands at 106. in fort myers beach, it could take up to a month to restore power. >>> a major escalation in north korea. fired a ballistic missile for the first time in five years japanese officials believe it landed in the pacific ocean. authorities issued evacuation alerts in the northeast region and suspended trains the biden administration strongly condemned what they

other than the bush warren buffett, i can't think of a single superrich that will encourage you to buye money managers and tasked with finding stocks on the s&p 500. or one who trades his own family living for money. i can't wait to hear from him on squawk box tomorrow morning. and these billionaires who come on and actively discourage you from exposure to the stock market and warn you that picking stocks is a full's darren. even as they have made their careers buying stocks at her redness times for stocks that turned out to be great. there is zero accountability for these guys. the anchors criticize them on air and they will never show their faces again. what billionaire needs to be held responsible for their public statements? they have double immunity and because they don't have anything to promote, there's no incentive to come back on the air if they don't want to and so the industry has to be gentle with them and boy is it ever. i'm not declaring and investor class were on the richest of the rich, not by any means and i think they should make as much money as they want, as long as

reminds me of, of warren buffett's famous like, one thing that we know about history that people don'ty. but the biggest rallies in the market historically have actually happened in bear markets. not bull markets this is one of them. this is the seventh bear market rally this year and still down what, 23% on the s&p 100. >> one pushback from corporate america. talked to brian moynihan last hour what he sees from the consumer i want to play you a quick clip. >> stress for certain womaners out there? no question, but employed earning money and account balances at bank of america continue to be flat august to september for cohorts, say, 2,000 to 5,000 before the pandemic, sitting with 13,000 in an account and continues to be flattish, not going down growing earlier now flat that means there's money to spend. >> really good news. isn't it >> well, you know, the thing that's at these bank ceos talking about consumer spending and in nominal dollars so he's not talking about volumes or the impact of what inflation has done, and we saw that firsthand with last friday's retail sales number, sar

convertible bond you might remember from the days of the global cap -- global financial crisis when buffettstake in banks. if they do that that would help defend against the very weak share price, but it is still not quite clear whether they will do that. they are trying to avoid doing a normal share raise. guy: the ecb could potentially be changing the rules, or the way it uses this cheap source of financing for the banking sector within the euro zone. how big an impact could that have? net interest income has been huge on wall street, likely to be huge in europe. tom: it all comes back to the regulators normally, right? when i talk to analysts, it is this net interest margin that is getting them interested. that is great news all around for bankers. actually because of the economic backdrop it is coming at a politically-difficult time and it is possible the regulators take a look at this, ache adjustments, or try to regulate away some of those profits. sonali: i'm curious about trading results here. interested in deutsche bank, barclays, is there any sense they will see weakness, given no

like the idea of buying on the dip but, this way i get paid, charles, for basically being warren buffettny and if i'm wrong, i will be buying the stock at basically under 114 because the premium i collected was over $2. charles: wow. >> so at the 116 strike i just subtract that out. i would be in at 116 for a stock right now, or 114 for a stock trading 129. charles: absolutely, love it. that is something everyone can understand. people want that. real quick i have about a minute to go. but i want to get one or two tweets in. everybody is tweeting me all day long. how the vix level affects your thinking when it comes to entering these options? >> vix level, that is that risk factor and the higher that is the more likely we are to see wild swings like we've seen, 500 points up, 500 points down. so when that's the case i would much rather be a buyer of stock and a seller of that fear that is reflected in the vix. so that is what my answer to that one, charles. charles: george is asking about can you recommend some covered calls to write? >> i love apple. i loved it basically a decade now an

financial vulnerability relative to where we were some time ago, and that as interest rates rise, warren buffetttide goes out, you start to see who is wearing a bathing suit and who isn't. and something a little like that is happening in the financial sector as we have the strains associated with higher interest rates. but there is no real alternative. if we're going to avoid the kind of catastrophes we had in the 1970s that caused people to lose faith completely in government and ultimately led to the really very brutal recession of 1981 and 1982 with the unemployment rate crossing 10%. >> appreciate your time tonight. thank you. >> thank you. >>> coming up, cnn's fred pleitgen on the front lines in ukraine near this russian occupied city of kherson with a look at a targeting team which ukraine believes is preparing for retreat. and video from the students in iran who dare to stand up ar five weeks of bloody protests where hundreds died. more from the video when we return. nina has a plan based on what matters most t to her. and she can simply focus on r right now. that's the planning effect. f

liz: you playing buffett, you want to wait until the valuations come down.d, when you are ready, please come back. >> i'd be delighted to. liz: thank you very much. brad jacobs of xpo. >>> autonomous trucking, new by two with simple. the self-driving semi truck manufacturer too simple tumbling after its founder is run off the road by the board. we've got the details straight ahead in pop stocks. and everything and the kitchen sink? more heads roll at twitter as elon musk kicks the entire board of directors out of the little bluebird's nest. we're going to take you live to twitter's headquarters for an update. and also, you guys, the fast growing list of advertisers flocking away from the platform after disturbing tweets over just the last 48 hours. 37 minutes before the closing bell rings. cow jones industrials still losing about 102. the russ are sell is the only one in the green, up 3 points. nasdaq better by 110, and the s&p, sorry, down 26. we're coming right back. ♪ dad, we got this. we got this. we got this. we got this. we got this. yay! we got this.

and as interest rates rise, warren buffett had a picturesque example.es out you start to see who's wearing away bathing suit who isn't. and something a little like that is happening in the financial sector, as we have the strains associated with higher interest rates. but there's no real alternative if we are going to avoid the kind of catastrophes we had in the 1970s that caused people to lose faith completely in government. and ultimately led to the really, very brutal recession of 1981 and 1982 where the unemployment crossed -- >> secretary summers, i appreciate your time tonight. thank you. >> thank you. >> coming up, cnn's fred plankton on the front lines of ukraine. in the occupied city of kherson with a look at a rocket artillery team that ukraine is using to target russian forces, ukraine now believes it's preparing for a potential recruiting. also, breathtaking video from the students in iran to dare to stand up to a government official after five weeks of bloody protests were hundred have died. more when we return. more when we return. ♪ i got

>> continue -- >> and as a famous warren buffett lied, nobody knows who swimming naked into the water and so what happened in britain -- >> it's never anybody with a good body -- >> and never -- never >> is what happened in britain is the way start raising, oh my gosh, there's these over leverage pockets and pension funds that we didn't know existed before. and the markets are beginning to freak out. because where else are these unknown bits of leverage? and even in the u.s., people start looking, again we see similar things happening in the u.s., in terms of little pockets of danger that we don't know about. because that's what caused the great financial crisis, right? these clatter debt obligations. they didn't know that they were in the system. and that's what the danger is. >> let's go back to the uk -- because people are applauding this, say they made a swift move, she was terrible, she's out. but we don't know what comes next. >> yeah. >> so what chaos can ensue, and why is it so important to us? i mean the uk, they are a very important ally. >> this is the issue which i think a

reaction to that reaction >> well, if you look, you know, short term i always remember giving warren buffetttime about short-term voting machine, long term it's a weighing machine and we feel very strong over time that this is really good and creates value, and if you had a chance to listen to any of our earnings call, you know, this increases our tsr model or commitment of 8% to 11%. it increases it for the next four years, so it's a great value for shareholders and improves cash flow as well. >> what about the regulatory piece of this? a lot of concern that this will not pass muster with the antitrust authorities combining such big -- boast you have such big presences, huge employee work workforces why do you have confidence that you can get it through >> we've been working with our outside counsel from an ftc standpoint and we'll sit down and be very cooperate with the ftc it real gets back to the conversation comments that i made before. we actually believe that this will increase competition. if you look at the synergies that the combined companies will create, we will invest half a bil

. >> it's like warren buffett is what you said. price is what you pay the value is what you get so how do we determine value when we do not know the outcome in the macro? and i think that what we're looking for is two key things that we're screening. we're looking for high return on invested capital names, so these are names that for every dollar that they put into the business, they make a lot of money, and those names typically have strong cash generation, so that's on the fundamental side on that front. then on valuation, we want to look for names that are trading at discounts compared to where they were pre-pandemic. charles: i gotcha. >> we do not want to anchor to pandemic-level valuations because that was the bubble. charles: great point and you are buying something, right? there are some areas that you see opportunity right now. >> exactly, because what we're doing is being disciplined on big down days to find that opportunity in the crown jewel names, and what we're also doing is looking outside of what led in the last cyc

what chinese ev maker is backed by warren buffett's berkshire hathaway the answer when cnbc "squawk boxaaaaaaaaaap!!! i think this goat is saying “gap.” must be talking about the expenses health insurance doesn't cover. so who's talking about the money aflac pays to help close that gap? gaaaaaaaaaaaap!!! aflac! aflac! gaaaaaaaaaaaap!!! it's about to go down, baby! aflac! aflac! stop that goat! get help with expenses health insurance doesn't cover at aflac.com >> announcer: now the answer to today's aflac trivia question, what chinese ev maker is backed by warren buffett's berkshire hathaway the answer, byd. they announced sales of new energy vehicles nearly tripled in september from a year earlier to 201,259 >>> breaking news on credit suisse, bloomberg is reporting that the company now considering an outside investor in an investment bank spin-off talks to revive the first boston name are advancing you can see, right around 3 or $4 with all the news swirling around, that company in recent days. >> also, a news alert on peloton. the company cutting another 500 jobs in its turnaround eff

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> jim, one thing that caught our eye was this piece on berkshire's greg able, likely successor to buffett it appears to be his first purchase since he assumed the position >> they are fantastic businesses the insurance business is fantastic. i think greenberg would tell you that right now with rates where they are so the past is berkshire is all great. and no one is talking about it i think it's quite wrong it is the right stock for this moment they have a fantastic pipeline business i think pipelines should be valued at a premium yet they are valued at a discount if you have one, you will be able to raise prices so i like raised prices on insurance, you raise prices on -- not rails but raise prices on any gas transport or oil transport. >>> guys, since we spent a lot of time yesterday, shares of credit suisse are having a good day. assuring customers, employees, counterparties and anybody else who wants to listen that it doesn't need to raise capital, that its liquidity is strong you typically want third parties to do that >> let's be honest you keep your ubs? >> i don't hear ubs. >> the

are going to -- this is byron trotz of btd along with msd partners, right, became famous as being buffett'sanker, is going to provide an investor base for, well, for many very wealthy people, for example, tech founders who are trying to find a place to put their capital that can compound over time. they're not looking for enormous amounts of risk, but allow them to diversify their capital base away from their original funding. you know, i think certain parts of the big investment banks that focus on these kinds of things, absolutely >> you know why? >> it's a multiclass asset manager at this point with a large private equity fund that also is going to be able to have, under lemkow, an advisory capacity, but they are not looking, jim, in any way to compete with the likes of goldman or even, you know, a guggenheim that's not thafreir plan >> if i were those different firms, i would say, you know what lemkau, powerhouse, loved. trott, fantastic, loved. i remember trott when i was at goldman. these are two loved people and i say -- david has tended to not like or love or anything bankers. he's

it's a warped -- we talked to benef buffett about it.lion market cap maybe the lowest of the dow components but it's a -- it's something that needs to be represented, i guess. that industry in the dow but -- $40 billion market cap. >> we have a jam-packed show this morning with lots of great guests procter & gamble's ceo jon moeller is going to be joining us then we got nasdaq ceo adena friedman, plus scott kirby of united airlines and a little while later white house coordinator for international energy affairs amos hochstein. plus, we'll talk with tom peterfy. >>> netflix, the earnings and revenue both beat estimates adding also back to additions of 2.41 million net global subscribers. up more than double the ads the company had projected a quarter ago when it had a couple of declines netflix detailed its plans to begin cracking down on password sharing next year. here's reed hastings talking about the future of netflix. >> for me, it's the overall direction of, you know, what we're doing. that there's kind of clear context for everyon

but yeah, i think you're right take a long-term perspective warren buffett will take a long-term perspectiveout the politics? congress spent too much money, fed started too late there's a stipulation for you. the mets didn't make it to the next level okay, so what? giants look better i mean, these are the kind of stupid things that i hear, and i don't mean to denigrate every panel. everybody's brilliant, and i always say to david faber, everybody's nice, but the fact is that wages are too high, and you can job hop. food is too high, costs too much at the supermarket housing is too high because people haven't broken price. that is not political. that's just the way it is. so, let's get away from the politics and accept the fact that the three major issues have not been solved by democrats or republicans, and let's move on and stop thinking it's a great time and start recognizing things are hot but stop saying it's the democrats or republicans >> do you know anybody that's having a great time? >> yeah, the clowns who bought the futures this morning based on london. they don't even know what a