jack: buffett brought on two younger investors, the buffett armor game is trying to figure out what didou have some good senses of that, what are they buying? andrew: they won 10% of the $350 billion portfolio, buffett never said what they own or what their permit formance is. a smaller position inside the equity portfolio are theirs, some are not doing that, amazon.com, snowflake and general communications, i think todd and ted are having a tougher year this year. jack: when we think what happens after buffett that is worrisome. the stock gets hurt because the brilliant greatest investor in the world is no longer there, some of the parts might be greater then the whole that berkshire gets set up. what do you think? andrew: the stock would rise the day after his debt, and some of the parts worth more than that. i think he is stacked aboard with people including his daughter's -- they try to fulfill his vision of keeping berkshire together in an indefinite period. carleton: tell me your thoughts on the geico insurance business. andrew: geico is the number 2 auto insurance in the company

and 2nd on the warren buffett is a very legendary investor. he tends to, on invest in grade businesses that are currently trailing on for a lower price than our, their true value. so are all those situations tend to prove that she is in see, look more trustworthy and profitable in the long term? a sarah semiconductors are probably the most crucial products in the years china true to dispute? why is the united states so keen to stop china going hold of michael trips from the earth and its allies like taiwan? i or probably too many reasons for this. the 1st one is because the military competition between the u. s. and china, as a lot of people know allied, have like, and jet fighters, marseilles in also some battleships need these powerful micro chips in order to work. so the u. s. as probably are trying to prevent china from getting these cutting age micro trips to strengthen is military power. and secondly, is probably because of the economy. ah, and as you know, a lot of inter tree rely on semiconductors in these chips. so the u. s. is very l

now millionaire investor warren buffett is betting big on semiconductors and microchips. mr. buffett's berkshire hathaway confirmed it, had taken a $4100000000.00 stake and t as m. c. the time when his company is one of the largest chip makers in the world supplying an estimated 90 percent of the world's super advanced computer chips for tech joins like apple and qualcomm for more. let's bring in that the w correspond. and sarah lee and ty pay a sarah warren buffett investment firm does not normally make big technology bets, but it often does prefer companies are perceived to have a competitive edge. what does this investment mean than 40 s m. c. okay, so it's definitely great news for a t as and see and is shareholders. so after the news came out, the share price of tiers n c a d r roles by over a 10 percent and he has n z o. so told a local media that called it welcome, all investors who wish to buy in how is shares in the long term, unquote. and they also boost confidence in tiers and sees prospects. so some expert pointed out that is not very common for warren buffett

warren buffett's berkshire hathaway takes a stake in taiwan semi conductor. what is next for the crypto market and could the crisis lead to regulation? on "barron's roundtable," ben levisohn, carleton english and jack hough. that president bullard used the number 7 is in 7%. i expected stocks to plummet but not so much. >> the dow finished down 3 points. the kind of statement we've seen a huge reaction from the market on but not this time. that assign the stock market is starting to tune out the fed. it knows that rates are going up. there are signs the market shifted away from rate hikes as the driving force of the market to looking at credit spreads, the difference between treasuries and junk bonds or other corporate bonds, a sign the market is working out the recession. as long as those spreads rain narrow the markets will do okay because recession is not coming. we could have a problem. jack: is there a data point that could refocus the markets attention? ben: we have to look at the cpi in november and after that the december fed meeting. those will be th

it's not true. >> and then dan spoke about his ex-fiancee, rachel buffett.talk to my fiancee right now, i'd either say can i be with you out there or can you be with me in here? >> here in jail with him? an unusual comment. was there any possibility rachel had something to do with these crimes? you think dan's protecting rachel, or is rachel protecting dan? >> dan would be protecting rachel. rachel's protecting rachel. >> you think she knows more than she's saying? >> oh, definitely. >> just what did rachel know? i asked her. >> this is my name. this is my life. this is my entire future. and i have nothing to hide, and i'm innocent. coming up -- >> that conversation between the two of them felt rehearsed? >> yeah. i was expecting oh my god what did you do? >> rachel the actress, or rachel the accomplice. >> police and investigators don't believe you are on us with them. were you honest with them? >> when dateline continues! >> when dateline continues try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root t

warren buffett takes a $5 billion stake in chipmaker tsmc.t more into the details of that in a moment with charlie wells, but that with a continued china rally means euphoria in chinese tech markets. the most beat up stocks are turning around. hstech, it's rally has stacked up today percent. we just heard from mark cudmore, who says these things are so beaten up, it makes sense to buy. this is a turn in the narrative. msc i'm a pacific -- msci asia-pacific still has a way to go from the highs. asian tech is down about 65% so a lot of dying could be done. jp morgan says hedge funds have room to snap up more shares, so perhaps the cpi reform you can continue a bit in american equities. the european futures session not as strong, 2/10 of 1%. the cross asset story does feel more dominated by inflation, by fed speak. the u.s. 10 year yield up about one basis point. this after brainerd said yesterday we still have a ways to go, curb your enthusiasm. we were seeing the dollar rally, after that, it came off of that a little bit. opec-plus cut its out

buffett in the third quarter bought shares in the world's largest chipmaker worth more than four billionrs. this is an extremely rare case for this investment conglomerate, which, when which large investments are directed to a representative of the buffett technology sector known for avoiding the tech industry for a long time, claiming he doesn't want to invest in a business he doesn't understand. however, in recent years. his position has changed, he increases the investment to enter the stock sector, most to- the company itself. this news played out with rapid growth, having risen by more than 10%. capitalization exceeded 417 billion dollars. and at the end of the issue, let me remind you of the exchange rate today, the dollar is 60 rubles. 31 kop. euro 62 rub. 62 kop. and that's all for now. roman thank you very much, we continue. mobilized in the amur region are learning to destroy the armored vehicles of a mock enemy. these shots soldiers are honing their skills in firing from hand-held anti-tank grenade launchers at full-size targets. the conditions of training as close as possible

> pulling back the curtain on the biggest money managers we are digging into the stocks of warren buffettformer president expected to announce his 2024 bid for the white house as he faces another midterm defeat and the gop looks to move past him it is tuesday, november 15th you are watching "worldwide exchange" on cnbc. >>> welcome back i'm seema mody in for brian sullivan let's get to the markets stocks closing lower yesterday futures are indicating a higher open with dow up 154 points. s&p higher by 30 nasdaq is higher by 132. we are waiting on the production price index. in the bond market, yields moving lower 10-year treasury now sitting at 3.8% let's hit oil. facing pressure as of late over rising covid cases in china. wti crude is down 1% at $84. brent crude holding above $90 a barrel at $92. >>> let's get to the movers and money managers with silvana henao with the 13f >> regulatory filings overnight from the world's top investors and hedge funds shedding light on the biggest positions at the end of the third quarter warren buffett's berkshire hathaway building a new stake in taiwa

this investment conglomerate to have such a large investment directed at a tech industry member, buffett is known to have avoided the tech industry for a long time, claiming he does not want to invest in a business he does not understand. however, in last years. his position has changed, he is increasing his investment in the it sector, the shares of the company itself have won back this news with a storm. growth, having risen by more than 10%, capitalization exceeded 417 billion dollars. and at the end of the issue, let me remind you of the exchange rate today, the dollar is 60 rubles. 31 kop. euro 62 rub. 62 kop. and while that's all for me roman thank you very much, immediately after the advertisement i will briefly tell you about some of the central topics, an hour it is also in the instruction program. see how to contact the bailiffs through the portal of the state service. a fixed rate loan can each director, screenwriter of theater and cinema, and not even an actor, but just a good person, will receive a cash loan at a rate of 8.9% for each. this opening , descent, may be a sign o

back then buffett talked specifically about exchanges and people of less than stellar customers tryingch >> one of the things that is going to happen, probably should have happened earlier is to know what we're talking about when we say exchanges in crypto. they really were not exchanges they were dealers, private dealers. you had your money on deposit there, right attached to a market maker in a variety of coins but exchange implies something different. kind of a neutral venue where you know where the money is coming and going a clearing process and all the rest i mean, you know, one of the interesting takeaways, too, people who are believers in the core of crypto, well, this shows you decentralized, just hold it in our head, your crib drive as opposed to the popularization of coins that came through these branded quasi exchanges. and the question is what would the coins ever have gotten to in price if you didn't have the fronts and promoters >> deposit your money. >> yeah. there's no doubt this would have benefited from a great deal of regulation at the same time, if it is proved fra

i think warren buffett agrees with me. warren buffett maintaining his position with american express and bank of america. it's out performing the market year to date, and i think in 2023, any form of a modest recovery is going to benefit the management unit, and i think that trading activity, there has been a significant improvement in the intellectual capital that resides itself in that trading unit at bank of america, and that has been fully represented in those earnings over the prior course >> they look at a gain, too, and i get that it's down 25% from its 52-week high, and it's up in more than a month. >> i would rather own bank of america right now than some of the technology names we talked about. >> all right weiss, bank of america has long been yours >> yep i know what you are rooking for me to say, saying warren buffett owns it, and that's okay, and of course i was kidding with that and it's more of a client-friendly bank in terms of corporate clients and wealth management clients than jb morgan, and they are bot

buffett.th parobatok at all. maybe yaroslavskyi , one of the richest kharkiv residents at the time, visited incognito and also brought several million dollars, uh, maybe this is the story of ms. razplavskyi, as far as i know, the city of kharkiv has not received any help at this time, except for some promises to sell his huge yacht there, and not provided, but you really remembered it correctly, that unfortunately or fortunately, perhaps fortunately, we still have the city of kharkiv, the kharkiv region, a little after the september offensive, disappeared from the news resources because it has supposedly become quieter here, but we should not forget that we have a region with more than 300 km of border with russia. each of these kilometers is actually the front line plus er administratively it can be from donetsk region and from luhansk region and there is currently the most heated or as we know it on the same bakhmut

yeah, well, he was considered right, an up and coming star, the next warren buffett. so considered a fall from grace for some but now his wealth, $16000000000.00 at its height now drop to 0. so it's a pretty serious drop. he's only 30 years old, right? considered a trail brit blazer, bringing a traditional finance and crypto together, including talking to our lawmakers, regulators trying to steer the regulation of the crypto industry, which has been considered a wild west. now we are looking at these, this bankruptcy his resignation, as well as the scc, reportedly investigating him for potential misdeeds. so this might be the ent. okay. while sticking with tech billionaires for a 2nd, eli mosque has told twitter employees that the company might go bankrupt. how likely is that to happen just a few short days after his take over? yeah, this is the culmination right of a couple weeks of chaos after the takeover of elan mice. and now we're here in these reports, right, that there could be a bankruptcy now. advertising is definitely central to this potential bankruptcy. tw

warren buffett takes a $5 billion stake in chipmaker tsmc. let's take a look at the futures as the positive catalysts from china coming through. using china-u.s. relations at the back of that meeting, easing restrictions around covid and the support for the property sector. u.s. futures looking at gains of 0.5% today. we are looking at energy providers on the back of the news that the chancellor may be looking at a windfall tax in the u.k. three straight days of gains across european equities when you build on that, following the catalysts out of china, commentary from the vice chair of the fed, lael brainard, saying there might be a moment to consider reducing the rate or at least the size of the rate increases. the market saying 50 basis points from the fed in december. decent gains in the first few seconds in germany. in the u.k., down by 0.5%. the spanish ibex currently range bound. let's look at how the rest of the assets are playing out. dollar weakness is a catalyst for the risk on moves. you are 6% lower on the dollar, the bloomberg d

were targeted, had sparked investor hopes of a more significant easing. legendary us investor warren buffett is placing a big bet on japan with berkshire hathaway, expanding its stake in the countries a 5 top trading firms. in the mitsubishi and zooey are a chair now on 6 percent of each and plans on buying up to 10 percent. twitter owner, ilan mosque has ended his platforms been a former u. s. president donald trump, but trump has not yet tweeted. experts say he might have contractual obligations to stay exclusively on his own platform to throttle to satisfy investors. there. a disney has asked ousted chief executive bob to traffic and brings her former c o . bob eager under even leadership and disney acquired, exert marvel and lucas film over the past 2 years. under his successors reading the company got in more turbulent waters with the chairs up dropping by 40 percent. john allen's is international editor at broadcast magazine, which specializes in the media industry. let's what shot back. why was the alice did? hi janelle, well i did. the news came as a shock to most people who are in t

when we come back, warren buffett giving away more of his fortune. we have details for you next. >>> by the way, it is black friday p and for those of you wo have shaken off the turkey slumber, there is early mall traffic out there. this is the live view at w rkevelt field in long island, th ey don't look peppy, but they already have bags. "squawk box" will be right back. 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 [phone: starting route.] technology helps us navigate to work. [phone: go straight.] but, to navigate the complexities of modern work... [phone: turn left.] ...you need more than technology. you need cdw. [phone: you have arrived.] so we'll implement cloud based microsoft modern work solutions like microsoft 365, teams and azure, so your teams can collaborate with zero trust security anywhere. [phone: destination ahead.] microsoft makes modern

buffett also trim thing his stake in chinese electric vehicle maker byd.one down to, it's really a trim with nail scissors, down to 6.6% from 17.. investors rolling the dice on u.s. casino es operating in maca u. quarantine times have now been shortened from seven days down to five days for those who have had close contact with a covid patient, and the penalty on airlines for bringing in infected passengers has now been eliminated. >>> walgreens boots alliance getting a pop after deutsche bank upgraded the stock from a buy to a hold and put a price target of $50 on it. it's about $41.52 right now for a gain of 7.8%. the move to acquire health care provider summit health which is the owner of city md urgent care centers is kind of thrilling deutsche bank team. intel, let's take a look at that one. this is up 2.25% after jpmorgan resumed coverage of the chipmaker, well, this is faint praise, an underweight rating. jpmorgan also cut its 12-month price target to $32, it's at $30.43. jpmorgan says intel will participate in an overall industry rebound but at a s

. >>> welcome back berkshire of a the way, and that is warren buffett's, and the polio is focused oniss, you got the first crack at this. down 3% year to date, relative to an s&p that is down a lot more than that what do you make of these choices in a very concentrated portfolio in different sectors, tech, finance, consumer, staples, energy. >> well, he's on record and i agree with him, that diversity is the enemy of performance. he has unique access to managements, and make your bets. i am not going to take issue with any of them they are all quality names >> you wouldn't bounce any of these? >> sorry >> you wouldn't bounce any of these? >> would i bounce any of them? american express is less competitive with the others -- with the other credit card companies, and has seen some moderations there to their franchise. chevron, no, i sold it too early. coca-cola, and you are not going to get rich off coke and it's going to be steady eddy, which is what you look for, and you have to believe that coca-cola will take a major hit, and so just a tax hit alone will be, you know, very painful

, and you always want to be careful when they say "the next warren buffett."rtune magazine putting him on the cover he's 30 years old, he has become a billionaire, but give me your assessment as somebody who did really well in bitcoin. this can't cast a very positive light on cryptocurrency when something like this can go so close to going under in just a matter of 72 hours. >> right. this is definitely not a positive development for the industry but as perrianne said, i think it is good for us in the long term. this is a natural cycle of shaking out the weaker hands that didn't manage all the things that she stated, but definitely not a good day and but i also think this is an aftershock of what we saw happen with tera luna, and a number of the businesses that imploded in the previous cycle. this is still connected to all of that. he picked up a lot of debt trying to save these failing businesses and as he was reaching to pull people out of the quicksand, it appears he may have gotten pulled in himself. liz: perrianne right before we go, yes or no. does this

he and partner warren buffett critics of crypto.nce call add psych caulk grandpa from omaha skepticism for warranted as we saw in the last week always more. doing such a great job. >> thanks. new details overnight from new paperwork filed. ftx saying roughly 1 million creditors when the company filed initial paperwork friday ftx said more than 100,000 creditors and expect to get a list of 50 biggest by friday. ftx saying in the past few days in contact with dozens of global regulators including u.s. attorneys oft, fcc, and ftx faced a severe liquidity crisis necessitating filing of these cases on what they call an emergency basis. last week lawyers point to the complexity of this case with over 100 ftx entities involving non-traditional assets, such as cryptocurrencies and mentions ftx's governance did not have a board or cfo. john wray the new restructuring officer and ceo. the same john wray worked to restructure enron now working with external legal team and cybersecurity as well as forensic investigators to secure customer money

taiwan semi >> it goes beyond warren buffett's bet. there are other hedge funds going out taking small positions in invid you so i think looking at the semiindustry, i think it's idiosyncratic at this point. it's finding opportunities in individual stocks. you mentioned the beta on nvidia i just wasn't comfortable with it it's 2.23. microchip, 1.56. kal corp, another name i think you could own here, much lower to a certain extent broad comanother name. so i think you have to look at these specific companies and say, okay, where exactly can we mine for individual opportunity in the sector that's seen significant deterioration? >> qualm comwas one of those that ou performed, 150 nxp with a neutral 195 on the side lines they say until visibility improves. >> yes, so there's a lot in what you just said and a lot in what you two just talked about. this is cyclical industry, so it's a question where are we in the cycle. when i read the note on qualcomm i heard them, say, it's the most exposed to cellphones. which we know is in the dump right

gerry: we can see potential problems but the warren buffett quote about him swimming naked and we seenliquidity and treasury market, are we at risk of a financial accident if the economy does we can end the fed pushes up interest rates? >> the highest risk right now is one 100% what austan said, the u.s. is increasing just rates so much, is putting pressure on foreign governments and you are saying things like turkey where inflation rates about one 100% so what happens historically when you get this disequilibrium was out of whack with everybody else, all of a sudden turkey, but i don't want to say it will be them, they show up at an auction and borrow money to pay the guys back from asher and everybody says every country like them i want to buy their debt either and then you can get into something like the asian crisis which can spin out of control so the risk of that is high. gerry: we started with the price of turkey and finishing with turkey so there you go. that's it for us this week. we'll be back next again next time. ♪ >> "barron's roundtable" sponsored by global x etfs

liz: and, by the way, warren buffett's beck scherr healthawan new position in taiwan semi is a cane that has absolutely been hammered. he also bought into paramount -- he and his traders at berkshire. and most of hem, at least earlier, were moving higher. as we continue to watch owl -- all of this and more, uni's president zelenskyy says russian missiles have, indeed, struck poland. i'm going to work through it with all of our viewers here. we will continue to watch the markets carefully. stay tuned. nobody should move. sarge and scott, great to have you both. thank you so much. >>> we also have this, mt. last couple of minutes sam bankman-fried has emerged and is tweeting his aa parent plan to lessen the pain from the collapse of his ftx empire which at this hour is on the verge of possibly taking down a large crypto lender with it. this as questions swirl over who tried to steal $400 million from ftx's coffers as it was sinking. up next the ceo of crypto exchange cracken. he says he knows who made a multimillion hack at ft, and just hours before it fell into bankruptcy. what are they d

he's been criticized in the past for not joining other billionaires like bill gates and warren buffettving pledge. >>> well, up next, jay leno's medical emergency. new details about the serious burns the comedian suffered. bou burns the comedian suffered. your if an oral treatment is right for you. oral treatments can be taken at home and must be taken within 5 days from when symptoms first appear. if you have symptoms of covid-19, even if they are mild, don't wait, get tested quickly. if you test positive and are at high risk of severe disease, act fast. ask if an oral treatment is right for you. covid-19 moves fast, and now you can too. let's take care of each other... do a little more good. that's what we want... at unitedhealthcare. it's why we have dual com a health plan that offers people on medicare and medicaid more benefits and support than you'd get it's our way of doing a little more good. hi, i'm nancy. i've lost over 80 pounds with golo. i have tried to lose weight in the past and i've lost 80 pounds several times, but i was not able to maintain it. with golo, i've maintai

it looks like a cnn interview with billionaire investor warren buffett. the thing is, buffett says he never gave this interview and the federal trade commission says clicking the link for the full story. took you to a sales pitch in which people were told they could earn hundreds of dollars. after paying an upfront fee of 97 bucks. this is an example of what the ftc and tech insiders called dark patterns by their very nature. dark patterns are manipulative. >> and sept event. so as a consumer is hard to spot them, it's hard to protect yourself. it sounds scary. in fact, dark patterns are intended to prevent consumers from making informed decisions instead, misleading them into doing what the company wants. there are some cases where it sort of blatant recruit. >> there are other cases where it's simply making what action may be easier. then other actions dark patterns can be as simple as pre check boxes on websites committing you to unwanted purchases. they can be a sneaky as hiding fees and disclosures in places. companies know you won't look. here's a f

folks, coming up i give you my takeaway on the next warren buffett.w of them have gone down in flames. big tech getting slammed. sarah kuntz here on the changing of the gourd in the vc world, the tech world and maybe your portfolio next. 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 municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 3

he was likened to the next warren buffett and yet warren buffett himself said this industry, cryptocurrencyrthily and attracts charlotteens. >> steve: the thing about the crypt tow market right now it's so tightly regulated so anytime somebody gives a bunch of dough to lawmakers you just wonder why. >> well, it was pretty obvious why. i mean sam bankman-fried was giving money in particular to very pro crypto democrats like kirsten gillibrand in new york. he was behind legislation that was being dropped and that was supposedly going to regulate crypto to keep the sec out of it. so while he portrayed himself and was portrayed as this so-called effective al trueist who was going to give away all his money and supposedly going to give a billion dollars to the democrats for 2024, really a lot of this money just served his own purposes. he went to the white house several times this year and met with various people until the biden administration. this was all about not regulating crypto, probably, and the result, as we see, is this unregulated market has collapsed. a lot of people have lost money.

jack: warren buffett says you are lucky they don't price housing every day or look at the price of today'sering when will the house start going up in value again? ben: i don't think it will go down a ton but it will take a while to go up again. the rates have been so big, so many people bought houses during the pandemic, you don't have a lot of people wanting to move, not a lot of supply. it will take a long time for this to work out and at some point it will come up again. jack: is it better to rent or to buy right now? ben: you want to look at the affordability, what kind of flex ability you need. jack: making lemonade out of lemons, people have an opportunity for tax break that they should seize. carleton: you are trying to book losses in your portfolio to offset future gains in your portfolio because we hope future years will be better than 2022 has been. it is likely given the selloff we've seen in markets that many people booked those losses but it is time to take advantage of the opportunity. jack: don't say i will hang on until by breakeven. even if you don't lose money the fact yo

case in point, a name like occidental petroleum, a favorite of warren buffett, up about 3% on the day. in the drug sector, it has been a big mover higher on a busy deal day for that company. the shares up 14.5 percent. a mixed story in technology right now. so bring headlines within the tech sector on layoffs and obviously, reports of action coming at facebook's parent, meta, have been well received on the street. the road ahead for china and the covid zero reality, which is obviously impacting apple. they had that statement yesterday on iphone production being impacted by that and the big stock obviously under pressure right now, off about 1%. kriti: certainly something we can see move quite a bit in the coming days. the u.s. midterm elections are clearly coming into focus, completely a potential game changer for the investment case across wall street. something the bloomberg mliv pull survey really -- poll survey really dug into. here's how some of them responded. >> after the midterms, in the next six month period of time, it tends to be the best season for equity markets. >> you d

correspondent: fried was once known as the king of crypto, compared to investment magnate warren buffett second-biggest cryptocurrency exchange of the world. now it is unraveling in dramatic fashion. the super bowl advertisement encourage customers to exchange traditional money for bitcoin and thousands of other digital tokens. it has been a tumultuous year for cryptocurrencies. goin and all of her tokens have consistently lost value, plunging crypto companies and investors into financial trouble. ftx looks to be strong, but company finances were revealed to be fragile. panicked customers cashed out so fast the company halted withals and is in danger of collapse. social media channels are awash with concerned ftx customers who could lose hundreds, it may be thousands of pounds if the company goes under. no one wants to talk on camera, but we did speak to an investor who could lose 85% of its cryptocurrency savings. >> obviously it is an emotional time, so i will not make any decisions. if ftx can do what they did, nowhere is safe. crypto might be done because of this. correspondent: the

of not only ftx but also the ceo, who was at one stage named the crypto king, compared to warren buffettazine. now, he has been dropped as ceo, and the company is looking to try to find ways to pay back its customers. >> that was our cyber reporter with the lt. president biden has made his address at the cop 27 climate summit in arm el-sheikh. he said he was confident that the world with young people leading the way could limit rises in global temperatures. mr. biden also apologized for the u.s. pulling out of the paris climate agreement while donald trump was president. this is what he had to say. president biden: we are proving that good climate policy is good economic policy. it is a strong foundation for durable, resilnt, inclusive economic growth. there is driving progress in the private sector. it is driving progress around the world. the sum total of the actions my administration is taking puts the united states on track to achieve our paris agreement goal of reducing emissions 50% to 52% below 2020 levels by 2030. >> that was president biden speaking earlier today at sharm el-she