this is wholly owned by berkshire hathaway and warren buffett.ow the largest real estate firm in the united states. wow. this is an affiliate of berkshire but it hosts names like dave berry miller realty and houlihan, lawrence and berkshire hathaway home services. absolutely huge. but as housing prices in the united states, from cities to boston and seattle, reach pretty much post-crisis financial highs, then they're starting to act a little strange, is another bubble on the way? in a rare interview, maybe not. we talk about a new analyst from zillow warning that 45 million millenials entering their mid 30s in the next decade, 3.1 million more than the decade before, will put upward pressure on housing prices. so home services of america's executive chairman, ron peltier, we are calling this a rare interview. you don't get out much. >> i don't get out much. i don't get away from home much. liz: you're working all the time. >> exactly. liz: you just heard that statistic about millenials. at some point they might have money to buy and that will put

berkshire hathaway's annual meeting ready for kickoff.interview with warren buffett and talk to red yid co-founder alexis ohanian and berkshire board member sue decker the final hour of "squawk box" begins right now ♪ i tell you what what's wrong before i get off the floor ♪ >> announcer: live from the most powerful city in the world, new york, this is "squawk box. ♪ >>> good morning and welcome back to "squawk box" here on cnbc, live from the nasdaq market site in times square. i'm joe kernen along with andrew ross sorkin. becky quick, as you know by now, is in omaha, nebraska, ahead of the berkshire hathaway annual meeting this weekend she will be joined by andrew ross sorkin. when's your flight >> this afternoon, about 2:00 p.m. >> and lands >> about 4:00 or 5:00. >> and then dinner tonight >> dinner tonight. >> yeah? >> then we've got warren and charlie tomorrow, all day. >> yes, you do. >> questions from the shareholders, sending us questions by email >> all right >> got some good ones. >> becky's out there on a scouting expedition.

is. >>> warren buffett telling cnbc berkshire hathaway has been buying am zbloj stock. shares of amazon getting a pop on that news let's bring in the afor her mentioned becomy quick who is live in omaha, nebraska. that was, becky, a shocker good morning, by the way >> every once inspect a while warren buffett will give us a little hint about what he is boig or not buying especially right ahead of the -- the 13 isn't going to come out for a k. weeks, but in this case he wanted to make sure that he got on the record before the public found out what the filing every time a berkshire hathaway filing comes out and says it's buying y or x stock, everyone assumes it's warren buffett. this time around it's not. >> it managed money. >> one of them some amazon, but it will show up on the 13 f. it is not true to say that i am buying amazon. it's true to say that berkshire is whatever shows up there >> although you have been a fan of amazon and jeff bezos for a long time. >> i have been a fan, and i have been an idiot for not buying it. i just want you to know that it's no personal

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ipo price and is the ipo boom about to go bust but first, it's a jungle out there and berkshire hathaway is going head first with amazon he's making a bet on the tech giant. the stock has had a wild ride so far this year. it's up 30% in 2019. their 230 billion in market cap and now within striking distance of all-time highs and do you keep buying amazon here or is this as good as it gets for the stock, guy >> guns' n roses >> i think we have >> of course, you can. flash or duff mckagan? >> flash >> i think you're wrong. duff was the heart and soul of the band, but slash was the pretty boy >> he's going to tie this in. >> i'll tell you welcome to the jungle right now and you were about to leave the jungle until warren buffett said i'm going to get myself a little amazon long, too and that's why the stock is higher in my opinion. if you looked at the quarter when they reported that stock was headed significantly below $1900 until one thing happened and the thing was one-day delivery and that gave the stock a little bit of breathing room and yesterday you saw the weakness in the stock with

this was the 54th annual shareholder meeting for berkshire hathaway while shareholder meetings are known being lightly stayed, downright boring, this was anything but 40,000 people were here. quicken loans founder dan gilbert and spanx founder sara blakely. for the first time apple ceo tim cook was in attendance apple is berkshire's largest equity holding we caught up with cook this weekend and asked him what he thought about it all. >> i think it's incredible i've never been to an annual meeting like this before i thought ours was lively but there's 40 plus,000 people here. and i love the fact that warren and charlie take every question and of course through all of it, not just the wisdom that they exude, but you can feel the integrity and the humility coming out i think it's a great learning experience for me and for everybody in the audience i'm sure. >> joining us now is berkshire's chairman and ceo warren buffet warren, what's it mean to you to have gone through this weekend >> it's a lot of fun you see who you're working for, they see you and you interact with them. they come in so

rallying warren buffett says he's been buying the stock, so why now we'll head live to berkshire hathaway >>> move over uber what could the next ipo be and mean for investors start-ups staying private for longer "power lunch" starts right now >> thank you, melissa. welcome everybody to "power lunch. i'm tyler mathisen glad you could join us on a rather chilly friday here in the new york area. stocks are rallying on the back of the strong jobs report this morning. we're sitting near session highs. look at the dow industrials up 3/4 of a percentage point. biggest gain since april 23rd. yields on the 2 year note and the benchmark 10 year bouncing off their session lows for more on the market reaction to that jobs report from earlier today, let's go to bob pisani at the new york stock exchange. hey, bob. >> reporter: hello, friend so let's review where we were today. last few days have been rocky because nobody down here is quite sure the direction the fed wanted to take us in terms of interest rates then we get the jobs report today. the market has essentially lev stated itself into now beli

it sounds like a big amount of money and would be for most managers but in the case of berkshire hathawayre talking about an equities portfolio that totals $210 billion at last count. not to mention the $110 billion plus that berkshire has on hand. that's a lot of money to manage. a lot of things to do. a lot of times when buffett himself doubles down on something he i will try to buy massive stakes we dent know how much of the amazon stake we will be talking about. the 13-f comes out in a couple of weeks buffett earlier this year wanted to clarify that in the 13-f it showed that berkshire hathaway was selling shares of apple. he wanted to clarify that was not him. again, that was one of the other guys in the office who decided to sell that position to buy something else when you are working with $13 billion, and they tend to have all of it invested todd and ted tend to sell something if they are going to move into something else buffett said that was not him selling shares of apple. apple came out with earnings this week. we asked him what he thought of apple's earnings he said i don't p

come along with me as i walk the floor of the berkshire hathaway annual shareholder meeting with the oracle of omaha. i peppered warren buffett on topics ranging from his investment in craft which i can't say he regrets but he ain't happy where it stands, to amazon, to the 2020 presidential race and more. that's next on "countdown." this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. i'm workin♪ to make each day a little sweeter. to give every idea the perfect soundtrack. ♪ to make each journey more elegant. at adp we're designing a better way to work, so you can achieve what you're working for. morning. what are you doing? isn't it obvious? nah. we're delivering live market coverage and offering expert analysis completely free. we're helping you make sense of the markets without cable or a subscription from anywhere you are. i get that. but what are you doing here? nice pajamas. really? i say pajamas. pajamas, pajamas, whichever.

. >>> the berkshire hathaway annual shareholder meeting is taking place in omaha, nebraska, tomorrow, and becky quick is there as shareholders begin shopping the convention floor, just one of the many quirks about this weekend, becky. >> it is, kelly. this is an unusual annual shareholders meeting there's not too many places where you see 40,000 shareholders that will show up, and it's even less usual to see them all come through the course of a weekend, but that's exactly what's happening here in omaha for the berkshire hathaway annual meeting they just opened up the doors for the convention center. i don't know if -- lee, i don't know if you can turn around, but if you look at the outside, there's still a huge line of shareholders that are lining up waiting to get in. i probably just messed everything up trying to look out the windows sh but there are a huge amount of people still trying to get through security because they just opened up the doors at the top of the hour here's what's inside come back on and look around here as people are beginning to come in, you can see boots for

starting friday, she stars alongside anne hathaway in "the hustle."o to rebel wilson. [cheers and ♪ [cheers and applause] >> jimmy: welcome, welcome. you make a good entrance, you know? >> yeah, it's a big nod tonight. >> jimmy: it is. >> i'm here, then i've got my premiere down the street. >> jimmy: who did you bring with you, your friends? >> i brought a new bra. because when you have a super big night, you want a new bra, because when you wear it and you wash it a bit, one might be awake, one might be asleep situation. >> jimmy: did you go to the store to buy the bra or did you buy it online? >> like i cash in my credit card points for e-gift vouchers. >> jimmy: oh, you do? >> and then i go online. >> jimmy: is there a party or anything after the premiere? >> probably, that's why i's two burritos before i came, just to have something like in there. >> jimmy: yeah, because you won't get any food. >> yeah. >> jimmy: everyone will be talking to you and you won't be able to eat. >> most actresses, they don't eat all day, and i'm like, nah. double it up

i'm loving anne hathaway's very posh english accent. it's a terrible english accent which is weird because she can do great accent but it's kind of ear—scraping. here is the thing, when comedy doesn't work it is like the worst thing to happen. particularly when a film has been made almost with gaps in the dialogue for the laughter to happen. the strange thing with this movie is it is two stars who i really like you are really funny and really sharp in other movies and it is a story that has been done a couple of times before but what happens is there is laughs in the first five or six minutes and you think this is great and then suddenly it all stops. there is like 90 minutes of arid, desert tumbleweed blowing through the auditorium as gag after gag just fails to land. there is nothing like being in a pretty packed cinema and watching a comedy just suffocating, sucking the air out of it. it is one of the unfunniest mainstream comedies i've seen in a long time. sometimes mainstream comedy will have things i find offensive or annoying but

romaine: some breaking news on berkshire hathaway.d a couple of weeks ago that buffett's company had been buying shares of amazon. today we learned about 806 $2 483,000 shares roughly. that would be at the end of the quarter. we should also point out that berkshire hathaway also added to his position in jp morgan. apple still remains its largest holding. surgeitcoin's latest rekindling memories of the bubble. the chairman of a security exchange told us about the latest euphoria. >> there have to be bubbles in crypto because crypto is taking over the world and it is not going to just advance 5% a month without end. if it did that, people would keep turning it into a bubble. there's no way to go from a zero dollar asset into one that is worth trillions without massive speculation and volatility in cyclical bubbles. formerining us now, portfolio manager and founder of a crypto hedge fund. thank you for joining us. you have a new crypto hedge fund that started at the beginning of this year, so a very good time. the crypto moves and obviou

liberty. ♪ ♪ charles: berkshire hathaway annual shareholder meeting is kicking off.just caught up with warren buffett and charlie monger. she has major breaking news. >> charles, you see them in the golf cart. they do not usually make an appearance during the first day. we wept back to meet with all managers of some 90 companies. i had an opportunity to talk to them specifically, we're here at coca-cola. since we landed yesterday team "countdown" has spoken to a lot of people in omaha, shareholders of coca-cola and berkshire hathaway who late last year were not happy when coca-cola announced it was possibly talking about making a partnership with a cannabis or a cbd or marijuana type of company because it is sort of the new nascent industry that is out there. i specifically asked warren and charlie about that. listen to their response. i did talk to a coca-cola shareholder yesterday who said if coke were to get into cannabis or marijuana partnership, this person would sell their shares. would you? how would you feel of getting into cannabis. >> a big mistake. but we

another strong day for shares of tech stocks due in part to word that warren buffett's berkshire hathaway has been buying amazon steph, you own it. you've owned it for a long time. i remember when you said it on this program what do you think of this one? >> i was surprised, obviously. it's had a nice run but the total addressable market is still such a powerful story for this company and for a lot of the technology stocks in general, and it's one of the reasons why i am overweight technology, but this company just put up 19% revenue growth, 27% gross profit growth, margins grew 300 basis points in both cloud and e-commerce i mean, they're generating -- i mean, aws alone is going to generate $35 billion that's about as big as salesforce.com will generate in revenue this year so it's really powerful there's a lot of growth still left even at this size company >> josh, what do you make of the berkshire buy? buffett told becky it's not me not me, specifically but it is the guys who are running the portfolio over at berkshire hathaway >> i'm pretty sure he looks over >> you think so? >> i kno

first, berkshire hathaway has acquired a stake in amazon.arren buffett said he underestimated the online e-commerce giant. he has called himself an idiot for not purchasing shares. he has avoided tech stocks in the past. one exception was ibm. he invested $10 billion in the computer giant in 2011 but it did not pan out so well. he sold nearly all of his shares in 2018. joining us to discuss this is our reporter. any details on why amazon would be one of the few tech stocks he backs? >> i think this investment is mostly about berkshire hathaway changing. over the last few years, warren buffett has prepared for a life when he is no longer around and he has hired two stockpicking deputies. what they like may not be in what is histraditional wheelhouse -- in the value stocks that do not tend to be in the technology sector which warren buffett has long said he does not understand and he has avoided it in part because the valuations of the shares are high. emily: i wonder if going forward it will be harder to say -- i am not investing in tech when

liz claman in nebraska on the ground in omaha for berkshire hathaway meeting.e have her interview coming up with nebraska's governor. melissa: supporting the opposition, president trump making it clear that the smites will continue to stand with the people of venezuela as the crisis escalates in the region. should the u.s. military intervene? we're live in caracas next. connell: while thousands of venezuelans are protesting in the streets others are fleeing the unrest. we have the latest from that on colombia border coming up. ♪ portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. w

berkshire hathaway buy buy war i doubt if it's that. if looting is allowed and applauded or ignored then you have looting throughout the entire society so i mean clearly the medical establishment is looting and they're killing clearly the banking establishment is looting there's very little part of the economy is just not our right looting and if there aided by a corrupt central bank ok fake news is in the news all the time people are talking about propaganda and they tune in to one of their partisan propaganda channels whether it's fox or c. and b. c. or c.n.n. to hear the propaganda they want to hear that soothes them and what i'm pointing out here is here's a venture capitalist a multi-billionaire who. is invested in some of the biggest companies on earth and what he's saying is yeah you know your candidates running for democratic primaries or donald trump will tell you that low interest rates remember don trump is saying we need to slash interest rates by another have a hundred basis points what they're not telling you is who that's

berkshire hathaway kind of famously does not.efuses to do that he's matched the market's return over five years. over 20 years he's doubled it. >> in my book only the second chart matters. you've got to compare total return -- >> typically if you're talking about investment experience. >> but that's what i was going to just double-check on. his phenomenal record and brand image for being the best does stack up long term by beating total return >> oh, without a doubt by a lot most of the outperformance in the company was somewhat smaller when in fact the investment portfolio probably mattered more than it does right now because of course the operating businesses of berkshire are vast and really look like the u.s. economy. >> i wonder if he's going to get questions about that he's such a proponent of index funds and just buying the next fund and holding it. this suggests in the short term you'd be just as well, berkshire stock or an index fund >> and i don't think he would denao ney that he'd say we've done well over a long period

. >>> bershire hathaway is apple's third largest shareholder.ky quick caught up with tim cook and asked him if he considers apple a tech company or a consumer company. here was cook's response >> we are in the tech industry but we work at that intersection technology and so we make products for people and consumers at the center is what we do. so i love the fact that he looks at us like that. we want consumers to look at us like that. we believe the technology should be in the background and not the foreground technology should empower people to do things and help them do things they could not do otherwise. if things appear as technology, they're not used very much you know they are for other people and not for all of us so i love the fact that he looks at it. >> for you, jim? >> this is fabulous. this is the most clear vision of kind -- i am a tv guy. please, you know the best technology company product that's consumers it is the consumer product with unbelieverab unbelievable technology. you would get a stock that's 270. obviously, they're thr

. >>> and anne hathaway and rebel wilson take over as "e.t." >> honestly, i don't think this is our strong suit. >> let them hustle you, this actually turned out pretty good. >> whoa, whoa. >>> closed captioning provided by -- ♪ >>> are you doing he-man? >> yes! i have an infinity for being in my underwear. i don't know what it is. >> listen to that. "to all the boys i loved befor"" star noah centineo confirmed on "fallon" that he will play the master of the universe, he-man in the upcoming remake. and he's going to be fantastic. >>> and he can always get some superhero advice from halle berry. she played "storm" in the xmen franchise and don't forget catwoman. >> but up next, he'll be with keanu reeves. guest correspondent ben aaron got the scoop after halle could barely speak after losing her voice. >> have you guys worked together in the past? >> no. >> we almost did. >> where? >> i was offered "speed" before sandra bullock. >> really? >> i stupidly said no. >> stay or get off? >> off. >> but in my defense, when i read the script, the bus di

covers berkshire hathaway their this is the first time he has hit out a private equity.? he has criticized hedge funds in particular, saying -- criticizing the fees they pay and the performance but this time he took a hit at private equity. he was criticizing the way they calculate returns and how much they are holding in cash and funds, waiting to produce, being deployed and how it figures in to the rate of return. it was a bit misleading. buybacks subject of came up a lot. why was that resort many areso repurchasing shares but for berkshire it is a different he hasheory for so long preferred to buy apple stock and coca-cola stock or snack a huge acquisition but recently they have changed the buyback policy and it helps to off -- open a new avenue with capital deployment. it is an important change for berkshire. it has gotten huge. that has put pressure on on buffett's ability to make the returns that made him famous. hasng this other avenue drawn questions from shareholders about what it means for berkshire and how it might deploy cash in the future. shery: thank you s

that will come with some pros and cons for berkshire hathaway.ted to hand out some of the responsibilities, last year, naming two operational deputies under him which run different parts of the businesses. then you have the two investing deputies. he has handed off a little bit but still very involved in the day to day. you are seeing some new voices weight. have more we will definitely hear more about that tomorrow. people are interested in how ted dd, as they are known, are performing. they have been in line with the market the last two years, so do we start to see some of performance there the way that warren beat the market for so many years? vonnie: tell us more about the oxy involvement. he would have gone to 20 million we are hearing now, and also got a $50 million week therefore getting involved. will we hear more about whether this is a specific company play or an oil, energy, america play? >> we will hear more about it tomorrow. some of the motivation here, he part ofioned, the oil it is part of the bat, but has some protections as well

. >>> berkshire hathaway's s13 filing is out. >> berkshire hathaway disclosing the size of its stakeon. 483,000 shares of amazon worth about $900 million at today's pri prices berkshire hathaway had been buying shares during the quarter but it was another one of the people within berkshire hathaway, not warren buffett himself, that had been buying. that's according to an interview buffett did with becky quick a couple weeks ago so it's one of the other investment managers in the office that has been purchasing amazon stock now we're continuing to dig into this filing and we'll let you know what else we learned from berkshire hathaway's first quarter, guys. >> leslie, thanks for that >>> legacy media companies like disney, cbs and fox wrapping up their up-front presentations this week. annual events where they shop to secure advertising dollars for the new year ahead >> joining us is alexia, jpmorgan media analyst from the jpmorgan global media conference how would you characterize the state right now of those advertising dollars, whether they are growing or not, for the broadcast ind

. >> and that will continue with anne hathaway leading a new comedy.eth has more on what you could see this weekend. >> i have noow idea small-time i was until i met you. >> anne hathaway and rebel wilson are in thetl hus this homage to the 1988 comedy is an international con-artist basking in the luxuryr of he conquest while rebel wilson is new to the game and wants a piece of what hathaway has so they team to take down wealthy targeted until they try to o bid each other for the attention of a tech billionaire. >> they try to talk to me and all they here is peeka peeka. >> ryan reynolds is in pikachu. providing the voice of the mouse as a private eye on a quest to find the h missingan partner but the only person who can understand him is his partner's son played by star justice it is rated pg. >> nicholas holt created the fellowship of the ring in tolkien examining hobbit arth of jrr raised as an orphan among the tcasts in the world war i and he concocts his own worldd filth magic and adventure. rated pg-13. that ithe box office preview, rafael seth,

home builder conference with the ceo of clayton homes, a berkshire hathaway company hi, di. >> hi, tywe're at the housing leadership summit with ceo kevin clayton named builder of the year for his innovations in affordable housing. congratulations on that and welcome. we'll get to that in a second but first, of course, we have to talk tariffs especially for affordable housing which is what you do how is that hitting your bottom line >> thank you, diana. we've seen about a 2% increase in pricing and that was before this latest round. so 4% to 5%, it's definitely, if this doesn't stop and the months ahead, i think it will affect demand as affordability, makes it harder and harder which is the focus of this conference which i'm glad to hear everybody including us is trying to get pricing down to help solve this affordable housing issue. >> you'd have to pass those costs on to buyers, correct? >> they would over time, yeah. >> your parent company, berkshire hathaway, owns an insulation company, benjamin moore and you, the largest producer of manufactured housing, your double wides but you

our reporter covers berkshire hathaway and she joins us on the phone.t the first time he has hit out on equity but this time we got to see potential, his potential successors in action as well. reporter: we got to see greg which it wasre subtle. it was a ton of questions but it was important to see those guys in action. investors continuously trust warren buffett and charlie munger given the track record but these guys are new and not as much in the public spotlight wasresident monger, so it important to have time in front of shareholders. paul: the subject of share buybacks came up a lot. why was that? katherine: it is an interesting topic because many companies, millions of share buyback every has --t berkshire companies as well as acquisitions. so they changed their policy last year which opened up the avenue more. -- not that many opportunities for well priced acquisitions around so it is an important lever for him to be able to pull. what did they say about the recent investment in occidental? katherine: it wasn't much of the time which was surpris

charles: coming up what warren buffett is saying about berkshire hathaway's amazon purchase.srael and hamas reaching a cease-fire after nearly 700 rockets were launched from gaza towards israel. so what is the next step? plus where is the outrage from democrats? ♪ incomparable design makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. my copd medicine... ...that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment . ♪trelegy. ♪the power of 1-2-3. ♪trelegy 1-2-3 trelegy. with trelegy and the power of 1 2 3, i'm breathing better. trelegy works 3 ways to... ...open airways,... ...keep them open... ...and reduce inflammation... ...for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may

revealed hathaway has that it will that on amazon.ett disclosed a wager on this earlier this month. the company also ramped up bets hat.j.p. morgan and red it cut its stakes in southwest airlines and wells fargo. telescope has agreed to a 200 million pound rescue loan, as the u.k. tour operator grapples with mounting debt. the company has received multiple bids for all or part of its airline business. and offered it for sale in a bid to raise cash. is has higher fuel and hotel costs are expected to impact its results. sony has announced another buyback just months after completing his last. it will purchase as much as ¥200 billion of stocks, under 5% of the two companies shares. it underscores the chief executive's commitment to revising an ailing stock price in a difficult environment. france and new zealand have joined with the world's biggest online reference to curb his speech.hat hit facebook, twitter and alphabet have committed curb violent extremism on social media. this comes after the march 15 mosque shooting in a new zealand

you can see hathaway was ecstatic.. stars getting starstruck. you don't see that often. >> i love that she is crying. >>> queen latifah came to play on savannah's digital series. she answered all the savannah's questions and even sang. take a look. nswered all the sa questions and even sang. take a look. >> reporter: what's the most thoughtful gift you have received? >> that s-600 mercedes i got from my partner. >> reporter: that's very thoughtful. if you were sent to jail, who would you call to bail out? >> johnnie cochran ain't here no more. no, i ain't going to jail. he ain't here and i ain't there. >> reporter: what about karaoke? ♪ shot to the heart you're to blame ♪ ♪ you give love a bad name, bad name ♪ it sounds even better when i'm drunk. >> don't we all? >> so good. >> sufficient suchch a good con. it went over six minutes. she is amazing. it's full of wisdom. she is just a delight. >> you don't cut off queen latifah. >> never. >> i want to sing karaoke with her. >> did you get her digits? >> no. check out th

berkshire hathaway has revealed its new amazon bet total, $860 million at the end of march.ize of the holding gets more clarity to the wager that warren buffett disclosed earlier this month. according to 13 is filings, the company ramped up bets on jpmorgan and red hat and cut stakes in southwest airlines and wells fargo. the leaders of france and new zealand have and with a world they get online platforms to curb hate speech. facebook, twitter and alphabet have met you develop rules stuff violent -- rise of extremism on social media. this comes after the mosque shooting in new zealand. hadurus -- a terrorist posted online and live-streamed his rampage. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. debra mao in hong kong, thank you. let's focus on the rush for treasuries. before u.s. traders could grab a copy yesterday, yields were humbly across the sovereign market. demand kick in after chinese figures disappointed. tensions ripple through euro area assets and to

warren buffett‘s investment fund berkshire hathaway has backed occidental petroleum's $55 billion bid petroleum. buffett says he will invest $10 billion to finance the deal. it is a rare move by the financier into shale production. that is your business briefing. i will see you in a moment. the news briefing in a moment. children's services in england are at breaking point, according to a group of mps. the housing, communities and local government committee says more government funding is needed to plug an expected financial gap of more than £3 billion a year by 2025. our correspondent simon jones has the details. four—year—old daniel, murdered by his mother and her partner. baby peter connolly, who died at his home after months of abuse. opportunities we re after months of abuse. opportunities were missed by the authorities to help them. such tragic cases have led to a rise in people reporting concerns about children. housing, communities and local government committee says supporting vulnerable young people is one of the most important duties that local authorities provide, but he i

berkshire hathaway has acquired a stake in amazon.he giant of 3% after the billionaire investor admits he was an idiot for not buying into amazon sooner. it is holding its annual shareholder meeting tomorrow. joining us is tara les appel. -- lacapelle. is this getting into tech further? what is the amazon play? is similar to apple where investing deputies turn to us on this investment and it is something buffett has expressed regret he did not by amazon sooner. like apple, he has been coming in and saying we oh piece of amazon and they were able to do it. whether 2019 was the best time isget it, amazon stock expensive. it is not cheap value stock .uffett would typically go for the time when berkshire's views value when the country because it is starting to so that hallmarks of investment and let's of the hallmarks of a high-growth tax stock that amazon and apple shareholder base look for. guy: is this fear of missing out? does he have to do this to make his benchmark? now.curious as to why you say stock is expensive. foam it could be

some of the ones we go to first are berkshire hathaway, the major ones. >> some of the highlights, ifshire hathaway, we knew he was investing in amazon, but the new information is how big is his position? we now know it is $860 million. he also increased his bets on j.p. morgan chase and southwest airlines. and if we look at tiger global, it's more than doubled its stake in facebook as of the end of the first quarter, it held about $1.5 billion worth of stock. and this was one of the biggest hedge fund managers, and they doubled on facebook. then we saw some change in the chinese stocks. alibaba was a mixed bag. viking and low pine also hold. -- loan pine so -- sold. ♪ >> i have pulled up the cny here, one measure of the chinese currency, and this is the correlation function. it shows correlation, the week chinese currency. you have things that are positively correlated and negatively correlated. but i want to show you the equity markets most impacted by the chinese currency. >> you can check out the factors to watch on your bloomberg. there is. normal people asking for the -- more an

out revealing the latest trends after a dramatic three months of markets, security are berkshire hathawayjor ones. >> if we look at berkshire hathaway, we need -- we knew avenue rose was investing in amazon. we know it is a hundred $60 million. he also increased his boss on jpmorgan chase and southwest airlines. it is more than doubled stake in facebook. now it holds as of the end of this quarter, $1.5 billion worth of stock. and the one capital. the biggest hedge fund mantras of last year are also on facebook. that is one of the most popular stock. it changed in some of the chinese stocks. alibaba, a mixed back there. ♪ >> one measure of the chinese currency and this is the correlation function. csnd is the correlation on the bloomberg. you have the things that i've positively correlated and negatively correlated. i am going to show you the equity markets that have been most impacted. sb on yourcheck out bloomberg. there it is. people asking for that function for the screening some of their stocks. 30,000 functions on the bloomberg and we always enjoyed showing you our favorites. here is

berkshire hathaway annual shareholder meeting. neil: it is an event.rward to seeing you on fox news channel, our saturday show, some really big nuggets come out of that thing. you're right there. liz, good luck to you. sounds like you have a lot of crowd to contend with. >>> meanwhile facebook is saying we are banning dangerous accounts but who determines what's dangerous and how far do they go? after this. my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today. listen to your mom, knuckleheads. hand em over. hand what over? video games, whatever you got. let's

, english teams make up all four finalists in the continent's two big club competitions and anne hathawayebel wilson team up as con—artists in the hustle. you can hear what mark kermode makes of that in the film review. good afternoon and welcome to the bbc news at 5:00. britain's economy has had a boost with growth of 0.5% in the first three months of the year. it's partly because, with the original brexit deadline of march the 29th, businesses were stockpiling goods and racing to deliver orders. manufacturers saw their fastest expansion since the 1980s. andy verity reports. this manufacturer in nuneaton makes metal pressings, components for nissan and honda. the moment the car—makers need them for their latest car, it supplies them immediately, just in time. in the first three months of this year that meant it had to take precautions in case a no—deal brexit cut off the supply of steel and aluminium imported from belgium. like thousands of other businesses it bought in more raw materials than it normally would have done. that may sound sensible, but it carries big costs. we have had to

after being asked by your very own liz was on omaha for this weekend for berkshire hathaway and disneyently taking to social media to criticize the fact that his salary is 1400 times greater than what the average disney employee takes home. do we agree with the buffett children of the executive pay is broken? >> well i don't agree, here's why, these ceos probably have the responsibility, 14000 times more than the average worker there, a guy like iger at disney has a revenue, it's probably bigger than the size of a country of trinidad into bongo, they employed 200,000 people directly, they probably indirectly employ well over 1 million. they impact and enrich the lives of billions of people, these are small countries these people are managing. there is only a certain amount of iger's out there, you may say he does a terrible job, and that's a decision of the board. this is a powerful complex just an amazing job these people are doing. i wouldn't venture to say a people like henry ford impacted the world economy, probably more than 75% of the presidents we've had up there. these people e

we will see you tomorrow a big day on cnbc. >>> becky quick is reporting live from the berkshire hathawayeting in omaha, nebraska. we're bringing you three hours with warren buffet answering your questions about berkshire's amazon investment, the new funding deal with okay si dental and all his biggest holdings then at 8:00 a.m. he'll be joined for a billionaire summit with berkshire vice chair charlie monger and microsoft founder bill gates this special edition of "squawk box" starts right now. ♪ ♪ >>> live from new york where business never sleeps, this is "squawk box. >> good morning and welcome to "squawk box" here on cnbc. live from the nasdaq market site in times square. i'm joe kernen along with andrew ross sorkin but just let me get to this quickly. i'm here but becky's in omaha with warren buffet we're going to get out there i'm he going to do this quickly, becky. >> big news. >> trump's been tweeting. >> big news. >> you know what i think, guys he's back to house money we're near new highs he's like, you know what -- >> push it. >> house money, here's -- here's the time to do it