. >> -- chubb. >> i've been flagging this about chubb in particular which has managed to draw down in exposure in high-risk areas, but here is a company that offers a diversified mix of products. it has financial lines in casualty, personal pnc, significant life insurance business. in fact,life insurance, premiums written and deposits collected were up 40% in the quarter and more than three-quarters of chubb's business is in the u.s. and asia, which the company says, be scott, it expects to grow about 40% faster than the rest of the global insurance market over the next decade. in the first quarter earnings call, the ceo greenberg said he is seeing the best rates and the best pricing overall insurance has seen in the last four to five quarters and chubb especially. and 2023 was the best year in the company's history, net income, up 72% over the previous year. why does it matter? berkshire hathaway started buying this stake in the third quarter, increasing through the fourth and the first quarters. and when you look at, say, the start of the first quarter, shares rose so berkshire got

it's chubb. i like chubb. it is exciting in the way it's run. >>> shares of cisco higher. reporting 88 cents a share. beating 82 cents. cisco said the decline in revenue was the result of clients taking time to set up the equipment they received in recent quarters. cisco offered similar comments in previous quarters. cisco is approaching the end of the years long supply chain challenges. this is all deja vu because i talked about this last night on that groundbreaking show "fast money." we talked all about cisco. i know you. you set the dvr or were you watching live? >> i stopped everything we were doing. i had the family sit down on the couch. >> i hook up a polygraph to you right now and it is going off the charts. >> off the charts. >> do we have a ten-year chart? something going back to 2018 for cisco? this has been completely dead money. you can get back to a point in 2018 where it was trading at 50. it's been tough. they are trying to work off the post-pandemic supply chain issues. i also mentioned, do you remember 200 billion market cap? it was 600 when ge was 500 o

chubb is my insurer.otally i checked around, and i will say that the amazing thing about this company sells at ten times earnings. the finest insurer, arguably, in the country at 11 times earnings, you know, 10, 11 this year, 10 next year. here's what i find most interesting. people talk about how expensive the market is. let's use 11 as being the pe. you have evan greenberg, maybe the best ceo in the insurance business. you've got a book of business that's unassailable and has taken on very little risk. why is this stock at ten? why isn't it at 15 times earnings? i think warren buffett sees the disparity, sees that you have a company that's so inexpensive, how can you not own it? what can i say? how can you not own chubb? that's a great buy here. >> it was one of the interesting tidbits coming out last night. we knew about the apple trim. we got others like third point buying some mag seven and others. >> we've got dave tepper selling some mag, and i want to mention that a lot of these times, i always fe

. ♪ sonali: chubb shares are rising after berkshire hathaway unveiled a 6.7 billion dollars stake inny. the sec allowed berkshire to keep the investment confidential since last year. we are going to discuss with bloomberg intelligence analyst matthew palazzolo who knows the ins and ounce of the insurance world. this is not only a massive stake. you have written about it. it brings to the question whether there are more deals to be done at scale in the insurance industry. >> these are two titans of the industry. when i heard the news, my ears perked up. berkshire and buffett have been on this hunt for an elephant-sized acquisition. the market cap is about $100 billion. berkshire hathaway has hundred 88 billion dollars of cash. i don't think this combination may happen but it is possible. sonali: if it does not happen and you are chubb and you have a massive rival having that large of a stake in you, you worry? what is the motive? >> berkshire does not really go hostile. i don't think it is a problem. if you look at the business mixes of the companies, berkshire with geico's big and pe

the insurance sector getting a boost with berkshire hathaway and chubb. the a.i.is moving things a lot in the time. technology, when it comes to the 13f filings accounted for 28% of the investors' group portfolios. more than a quarter of their portfolios were weighed down by tech technology. what followed was consumer discretionary by 14%. the value of investment in tech managed to increase the most. in a rate sensitive time, real estate went in the other direction. also interesting in the tech space -- earlier on, we spoke with charles with how you have to be picky what you invest in as though it is in the big tech players and a.i. spend. microsoft was cut or reduced -- cut or reduced by 252 investors. that is the biggest such number for this while on the other side of the spectrum, aemazon was increased by 232 investors. microsoft was the overall valuable holding at 266 billion. that's the picture you are seeing for tech this year. the magnificent seven being picky. the u.s. futures could be headed higher continuing on from yesterday's rally as you see there. it

shares of chubb getting a boost offhours.re hathaway saying it was the mystery stock it began buying in the second half of last year. kind of a letdown. chubb, the mystery stock? >> it's not that exciting. that's sort of what they do, not that exciting. >> exactly, yeah. okay, that's fine. they now have more than a $6 billion stake in chubb. >>> meanwhile, the big bank etf touching a 52-week high today and it's up nearly 10% versus less than five for the broad market. fifth-third, you know why it's called that? >> merged with fifth national and third national. >> just the dumbest -- three really dumb names. fifth-third is one of them. the athlete's foot was really terrible. >> yeah. >> and dress barn. also. i mean, would you -- if you were a woman, would you want to shop at dress barn? >> you've been waiting for this spot for years. that was great. >> oh, it happens from time to time. fifth-third reports earnings. why not one and two thirds? or just change it all together? >> they moved the prompter, i can't say what i was go

warren buffett's berkshire hathaway unveiled a $6.7 billion stake in chubb.pense over the mystery position in a financial firm. regulators allows it to be concealed. this reflected its position at the end of the first quarter. the conglomerate has building a stake in chubb since 2023. shares jumped in after hours trading. analysis of other filings show hedge funds continue to lean into ai focused tech companies. institutional investors lifted their exposure to nvidia with ai darling having the biggest increase by market value for a simple stock in the three months ending march 31. they also increased exposure to ai leaders amazon, meta and microsoft. bloomberg learned citadel securities generated $2.3 billion of net trading revenue in the first three months of 2020 four, setting the market making firm up for a potentially record year. the first quarter result was up 68% from the prior year. this offers a rare glimpse into the firm, which is steadily expanding its market-making capabilities. most recently, incorporate bonds. there is plenty more coming up part

what is going on with chubb and berkshire hathaway? emily: berkshire hathaway had been building a stake in a company for several months but the market did not know what the company wasn't until last night in the filing and we found out it was chubb, building 86 point $7 billion stake. analysts are largely positive about this investment -- 86.7 billi dollars stakeo. analysts are largelyn positive about this investment. -- $86.7 billion stake. analysts are largely positive about this investment. it is still up 4%. katie: tell me about jd.com. emily: the chinese retailer up about 3% just this morning. they beat expectations. there were also in an earnings season and this is amid a slowdown in the chinese economy. you compare this to the competitor alibaba, which posted earnings earlier this week which were a little weaker. for jd.com is 7% rise in revenue and that came amid a move to slash prices, particularly in their consumer electronics business. katie: great stuff. i appreciate the round. coming up, deere cutting the outlook as slower

warren buffett's berkshire hathaway reveals chubb is the mystery stock.er worth $9 billion. >>> rival insurer aflac is taking a take in treeline partners for $100 million. as part of the deal, aflac will give treeline some cash it collects through insurance premiums. >>> palo alto network is buying security networks from ibm to provide access to a wider customer base. including the cisco $26 billion purchase of splunk back in march. >>> and microsoft is asking hundreds of the employees in the china a.i. division to transfer outside the country. the move comes as tensions with washington and beijing around the technology continue to accelerate. >>> and caitlin clark bringing up the temperature with the indiana fever drawing in 2 million viewers during her wnba debut against the connecticut sun on tuesday. that's the largest wnba broadcast audience in two decades and the league's biggest cable audience ever. >>> here's what to watch today. economic data out before the opening bell with jobless claims and housing starts. we have earnings from under armour an

and he did all my doing it and sees the dean renewal chubb, most of the doctors. and there's some sort of bane from that that have to do with the multiples of the goal. you get done in the consent most lives the book. i'm done a for you to the very next october. we'll get either in the more lead slide in the home or how she'll let them know more to them. and then the label is cuz i have templates. i'm spending more into the system. you pronounced me, but that was the is, will mr. so yes, give me way in the midst of cities to me. he started thinking me of fissions, and so it seems to fit them. these things that don't go as a bonus to could never look somebody in the thing. it's a good cause i put in for somebody else who typically scheme of you with decent goes out. that is done yet. so let's give us a label of this. you do a search set of the, the solution as we need to is the city some gives us a most betty just add on and it doesn't sound like a sense instead bother us through enough this to do it. so it's not, i'm busy this. so for us to attempt that on the sys

it's still hot to the north that halt and dusty all the way from chubb back towards san diego, for example. and the size of the seasonal ryan is particularly well with the moment, particularly in cape time. the, the latest news was so intense that this is all that as well. people are digging through debris and twisted metal to find anyone left alive in depth reports the entire gaza. population of 2300000 people do not have enough crisis escalating and detailed coverage as well as prime minister relies on foreign ministers to stay in power. they want the raft results to go ahead, define them, and then you all who could be out of office the the hello the laura, kyle. this is counting the cost on outages era. your week you left at the well, the business and economics this week. as well as i placed.

we have already too many young people in chubb chub jones. people on the tv on nutrition. it's uh, i think the failed 4 times in the last decade that we have such such an issue with food insecurity. the next 3 months, which 8 organizations describe us the lean months. i expect it to be the most difficult for people and tried. dependent on food assistance. how many degrees i would use either a heavy rains targeted floods and lines slices. southwestern china, straight slipping, flooded in vehicles, have been submerged in the city. a can show. roads have been blocked for an emergency. teams were trying to clear away the deputy more rain is expected in the coming days. when the weather is next to the inside story is going to examine the votes of the un general assembly in support of palestine is full. membership of the you are on the process is the, the, the color, the rank has already gathering. now for the time we're looking at some very heavy right and over the next couple of days as long line of cloud and rain, this weather system that extends all the way from the base to

>> reporter: it is interesting chubb's call was last week the ceo said this is the best pricing in fours and are the rate hikes over? will rates decelerate a bit? the answer was not really. maybe moderate, but you will still see property insurance prices continue to go up because they're paying out more for materials and labor and, frank, across all lines of insurance with litigation being a cost factor it costs a lot to deal with the lawsuits introduced. >> contessa brewer with the latest on insurance. thank you. >>> coming up, big tech earnings roll on with apple up on deck. will the results provide relief or more pain for the stock's tough start to 2024? we will give you the keys to watch when we return stay with us (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in re

it's called chubb. >> warren buffett, 6. $7 billion stake in the company, 26 million shares, berkshire hathaway's ninth largest holding, stocks up 4% as a result. what is buffett's strategy? selling consumer names and buying an angel insurance, steady source of capital. might be considered like adam johnson. stuart: what about wayfarer? lauren: they opened up large brick and mortar stores, stock is up 3%. why would an online company be opening brick and mortar? the pendulum swung too far. when it comes to home decor and home-improvement shoppers want to see things in person, there you have it, online company opens their first brick and mortar. stuart: you've got to sit on the couch before you buy it. canada goose. >> major recovery in demand, 23% gain on stronger earnings report and the stock is down on the year. nice recovery today. stuart: thank you very much. speaker johnson said new york city is helping biden's lawfair strategy, a large area is being blocked up to give trump supporters a way. resident biden agreed to face-off and two debates before the november election. rfk junior

powerful watching tucker carlson sniff a chubb honor roll.ding false stories but about telling people 80% of the things that they want to hear and 20% what they want you to hear. people like this see moscow and want to know a place like that is better than biden's america and they buy into this image. >> what the russian propaganda machine does to their own people and donald trump follows that playbook. i was curious, tucker carlson loves grocery stores there, i don't know. do you think people are misinformed about what is happening in russia? do they just want to believe the vibe that tucker carlson and others are projecting? what about their level of knowledge? >> what is interesting about this, that is the bigger question, is this about american gullibility? yes, useful idiots, are we just gullible? that serves vladimir putin . he wants a chaotic america. there is a darker question as well, how much of this is the maga base being fooled and how many want an autocratic regime? they like vladimir putin being anti-woke, these anti-lbgtq polic

chubb stock trading at record levels after berkshire hathaway disclosed stake of 6.72 billion worth ofire began buying the stock in the third quarter of last year and it is now among the top ten holdings in its portfolio. cisco systems at bottom of the dow after fiscal third quarter earning ands revenue fell from a year earlier. however cisco beat estimates for the july-quarter and expecting $6.5 billion at midpoint of the outlook and stock down 2.75%. deere churned lower and the company said farmers are buying fewer tractors and combine harvesters because of falling crop prices. deere expects large ag equipment sales to decline between 20-25% this year. that's a lot and the stock is down more than 4.5%. well, the hammers are swinging as new home construction actually picks up the pace ahead of a possible rate cut later this year. but, acceleration of building new homes not enough to make up for shortage of inventory and founder of emphasis digital risk is here to give us the 4-1-1 on struggling real estate market. by the way, starting next week, the fox business rundown makes its debu

shares of chubb are one of the top movers this morning, up about 4.t's now berkshire hathaway's ninth biggest holding. buffett's company sees tremendous growth in the insurance industry. mcdonald's new $5 combo deal comes out next month, but only for a limited time. the budget friendly promotion will start june 25th and only run for about a month for items will be included in the value meal, a mcchicken or mcdouble, four piece chicken nuggets, fries and a drink. apple co-founder steve wozniak says growing up, his parents let him choose his own career direction. speaking to graduating students at the university of colorado, wozniak said it is important for parents to allow their children to study what they want. wozniak started his college education at the university of colorado in 1968, majoring in computer science. he was expelled a year later after hacking into the university's computer system and sending prank messages. he later studied at uc berkeley, where he met steve jobs in 1971. the rest is history, jobs and wozniak, co-founding apple five ye

we have already too many young people in chubb chub jones. people on the tv on nutrition it's uh, i think that failed 4 times in the last decade that we have such, such an issue which for the and security the next 3 months, which 8 organizations describe us the lean months. i expect it to be the most difficult for people in chide, dependent done for the assistance. how many degrees i would use either jimmy and also a head here on als is here. for around the grid is celebrating the cups $36.00 spanish sleep title, and another major try for you to be on its way. and we will be here, the in the solomon islands, the deadly legacy of world war 2, remain on the lounge. why they placed it in a fluid. now, i didn't the see. they are literally the sense of taking the time on $1.00 oh, $1.00 east meets the solomon islands. some tante escape a war that ended decades ago on, on jersey the best time to support and his id. thank you so much. the spells you will also have return to the top of the english at premier league table. i will know went over my che

we have already too many young people in chubb chub jones. people on the tv on nutrition, it's uh, i think the failed force times in the last decade that we have such, such an issue which 40 and security the next 3 months, which 8 organizations describe us the lean months. i expect it to be the most difficult for people in chide, dependent on food assistance, how many degrees i would use, either farmers and pakistan are facing major losses after the government imported millions of tons of wheat. despite the bumper harvest, it's flooded the markets causing prices to fall from all hide or travel to punch on province known as pakistan's, bread, basket to speak to farmers. the farmer, the broadcasting across the fine job province. despite projections for the record to harvest this yeah. the government is buying a suite, usually it for kids is around 20 percent of the fall, much growth at a fixed price to stabilize the market and prevent harding this year. it's buying less than hoss that i'm at the we are compelled to protest for our rights as the

. >> if trump is found not guilty if chubb has felt like not guilty, i think there's a i mean either way, i don't think he gets better for her i think if it's not guilty we got to decide what to do good chance. we'll probably vacate this country if he is found guilty, that she's still got to deal with all the hate that feel like she's the reason that he's guilty from all of his followers. so i don't see it as a when situation either way. >> i know that we would like to get on with our lives. >> i know that she wants to move past this. we want we just want to do what i guess we would say normal people get to do and some aspects but i don't i don't know if that ever will be no and it breaks my heart, breaks my heart. some of the things that she has to go through that people don't realize, you know, we we i guess, for example you know, everybody has their agenda for at this point and i don't see people fighting back for her, for instance e jean carroll, although we're super happy that everything that happened for happened stormy opened the door, but stormy got sued for the exact same tw

the halt and dusty all the way from chubb back towards san a goal, for example. and the size of the seasonal ryan is particularly well with the government, particularly in cape time. the, the sense that he missed the acadia and he just showed them the price as high for a family of palestinian active as so peacefully protected the community for mr. brady. secular expansion in the occupied westbank for decades. they just put the city for that day on. oh, i see this is the story the south trying to see them moving them. some of the on the fire on it, just the, you know, the latest news was so intense that this is all. but as a lot of people are digging through debris and twisted metal to find anyone left alive in depth reports the entire gossip population of 2300000 people do not have enough crisis. escalating and detailed coverage as well as prime minister relies on foreign ministers to stay in power. they want the raft results to go ahead, define them, and then you know, who could be out of office the, the, [000:00:00;00] the, you're watching else, a 0 reminder of

the halt and dusty all the way from chubb back towards san a goal, for example. and the size of the seasonal ryan is particularly well with the moment, particularly in cape time, the the sense that it meant that teddy. yes. and he just the truth is the price is high for a family of palestinian active as so peacefully protected the community for mr. brady, secular expansion in the occupied westbank for decades. they just put the city for that day on. oh, i see. this is the story the south trying to see them moving, dab some of the on the fire on it just the you know, you will, the caught a duty in the grove using for p use a caught to contribute to improving the lives of thousands of projects except the cost and we strive to ensure it reaches its deserving recipients, visit the cost on requested. and remember, it's a copy, revised wells and increases systems costs on request the the, [000:00:00;00] the book about what challenges there is a reminder of a top stories this our, that'd be more tax on. no offense tell them cost us to say they're engaged in running bott

school principals, ymca, boys and girls club, chubb all hands on deck approach. we have just moved $50 million help accelerate that process to make sure we are giving students and family the support that they need. >> are you seeing the applications increase with that? >> absolutely, absolutely >>ve pleas give up that work is really important for thank you medicare i healed back too. >> thank you, mr. wahlberg your wreck and i survived minutes pickwick cindy manning chairwoman. thank you secretary for being here. the title of this hearing is examining the policies and. priorities of the department of education and i have to say i am deeply concerned about how the department is choosing to prioritize its efforts. the department has since 2020 two prepare the new fafsa rollout get the political leadership shows to spend time canceling student debt. rewriting title ix i would say to the detriment and endangerment of female athletes and femaless in general. making it harder for proprietary schools to exist. schools that are preparing individuals for real world jobs w

he said, respect the courts decision in relation to the chubb case.to the government on sustainable use of natural capital. thank you for waiting to speak to us. can you just explain whether you support this labour plan and how would it work? like all electioneering, the story to be told is one of all gain and no pain. the reality of the long—term nature of energy is that reality is somewhat different. what we are being offered, and the conservatives similarly in this game, as we are being offered a world in which we are going to fast track decarbonisation of electricity, we are going to finish the job decarbonisation of electricity, we are going to finish thejob in decarbonisation of electricity, we are going to finish the job in five years, in my view, pretty much impossible. we are going to have huge investment programme. by the way, your bills are going to go down as well. when something sounds too good to be true, and it almost always is in these kind of election discussions, it probably is. the reality is, although bills may come down a bit alth

chubb will be up and six is six states david urban. >> thank you so much. good to see you. some of the things going on in the courtroom right now. thanks cohen says the recording was cut off. the according recording he was recording of using his phone to record this meeting with donald trump he said it was cut off because he received an incoming call circling back to the recording recorded conversation, cohen says he he didn't think cash was a good idea to repay the tabloid empire ami, for the mcdougal transactions. so he suggested by check to make it appear to be a proper transaction. i didn't want to record more cohen says cohen says i had already had enough that i would be able to show david pecker so as to convince him that he was going to receive the hundred and $50,000 back. so cohen, in this telling, raise recording, donald trump saying that he'll suggesting that he'll pay david pecker back the $150,000 that the tabloid enterprise pays karen mcdougal for her story so as to kill it, catch and kill he was trying to convince david pecker to do it. and by playing this re