made by the banks and who owns boats of those properties people like warren buffett of berkshire hathaway so here he had a disenfranchisement of some of the biggest us and franchise one of the black community in america a sense slave days and how they do it they use interest rate apartheid they use money printing money counterfeiting jay powell whoever was at the helm of the fed at that time could have been worn could have been whoever was i mean they were involved in this wholesale disenfranchisement of this group and this you can make a 50 examples of exactly the same game play from the same book again the game started the pyramid scheme started the ponzi scheme started in 1971 when nixon closed the goldman doe so it's what advantage how many hotels on the monopoly game board did you own when the game started and i so brilliant viral video where this woman was explaining like you know black americans had to work for 400 times around the board the monopoly board building houses and buying properties for the white people playing the game and then suddenly this whole i can't now play the g

a problem berkshire hathaway has been having for a very long time. with what does apollo give you now? a unique deal in that this is not a private buyout. they did not put seven tons of debt on you. what is the difference of being owned by a private equity firm in this environment for you? richard: first of all, both firms are immensely successful investors and they built great businesses so i am not going to get into the compare and contrast. i will emphasize that our excitement working alongside apollo for the next phase of tech data is really high. for sure in the environment we are in, we are able to accelerate our strategy and investment as opposed to being a public company. we are very excited that apollo is completely aligned with our strategy and all of the digital initiatives and projects that we have underway. berkshire hathaway is an outstanding firm as well and in the end, we felt as if apollo was the right decision for us. sonali: thank you for joining me. tech dataich hume of who just sold his firm back to apollo. back to you. emily: th

to bob hathaway -- i'll call him dr. robert hathaway because he got his phd with sam wells as his supervisor. >> thanks, rob. you had a dissertation defense. now you can ask him a question. his questions were harder than mine. sam, congratulations. those of us who have been fortunate enough to know you for a while are immensely pleased to see the publication of this book, because we know, knew and know just how terribly important it's going to be for our understanding of this period of history. i want to ask you another question about your title, "fearing the worst." you have suggested that a lot of people,knowledgeable really did think that world war iii was eminent. fortunately, they were wrong. why were they wrong? was it because they had erroneous assumptions about the other side, or was it because key decisions in a variety of capitals, not simply in one capital, key decisions were made so that world war iii was avoided, or was it some combination of missed assumptions and delivered actions? assumptions and delibera

hathaway: could you hear my better? yoasm like i'm yelling. so here at laguna hospital, we're not utilizing telehealth, telemedicine, the same way that the community is using. so remember this is a very unique facility and we function very similarly with [indiscernible] as an in-patient hospital. so our providers actually see patients face-to-face. we do not utilize any sort of devices that rely on a third party because a nurse or a pca to visualize the patient. we actually still seat patient and assess them as if they were an in-patient facility. now, there are some instances in which i can do remote access for our cubicle or from our offices but it's more of a chart review process. any service situation where a patient needs to be examined, a physician will examine them in person. does that answer your question? >> commissioner chung: yes. thank you much. >> dr. hathaway: you're welcome. >> secretary: any other questions, commissioners. >> the team is already lit up and on video. we continue on with the laguna honda item and go back to the s

alex hathaway lee.nd when alan hathaway lee died in childbirth, they had a rosalynn handed his infant daughter, also named alice, off to a sister anna roosevelt. and so she was raised, and and eat it into the picture and theodore married edith. >> so alice was anecdotal for the first three years, so that created problems? >> yes. >> she did contribute to a travel book after roosevelt died, and she did do a family history. but you never wrote memoirs, and she didn't burn most of this letters, not all of them. and she want to be very private. so some of her letters especially her letter to her sister survived, but she try to erase a lot of the record because you didn't want people snooping into her private life, even in death. >> that's part of the victorian point you brought up earlier. this is very much part and parcel of being a woman of the 19th century. >> we have one literacy described her children and her views of them. here's a bit of what she had to say about her family in a letter. said about, a

for as low as a dollar, you can buy names like berkshire hathaway that would others set you back moren $300,000 per share. more than 52% of first trades are made on a fractional perc t percent, and fraction fractionay is higher for more expensive names. analysts tell me the trend c combined with zero ricommission. >> let's get a check on where we stand in today's trade all of the nay jor major indice down 'll kep up about half a percent. weta a quick break and be back in two. >>> the number two gainer right now is tesla pretty good china sales data this is up from 350 about two months ago, but tomorrow we will ask about the company, the business, and the price action this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. deposit checks, check balances, pay bills, and more. explore all you can do with our digital tools from almost anywhere. pnc bank. >>> welcome back big tech continues to respond to sie civil unrest our next gue

dorsey when he first announced it used that example of dollar in $300 dollar worth of berkshire hathawayollar is the min yum. >> thank you even chipotle is over $1,000 these days >>> we're examining another big trend that is changing investing. checking on the markets right now, stocks are higher and pretty much at session highs the dow is up 321. it's a better than 1% gain now the nasdaq hitting a new high. several aspects to watch can we close above the closing 'rba itwmeti wee ckn o. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. >>> welcome back check out shears of beyond meat. up 20% it's back to $160 a share. it enters a deal with a chinese firm they benefited from meat shortages. we're looking at the post pandemic challenges for these kind of companies. >> hi, kelly beyond shares are soaring, heighting the i haddest level of the year today, up about 20% right now. after the company announced a deal with a major chin

i talked to a broker yesterday who is president of brookshire hathaway in the new england area, and their sales are up double digits in june. these are houses that are 3.5 million that have sat for years on the market and are now getting multiple offers. there is no question we're seeing broadbased overall strength, and it's not limited to just the homebuilders the homebuilders had an advantage because they had homes move-in ready. but toll brothers, i think, below book valueis a compellin buy right now, and i think you'll see it's not just the stock and valuation, it's the fundamentals we believe it will likely start to fade as stimulus fades and maybe the urgency to get into new homes before school starts, but there is no question that the tri-state area surrounding the city is seeing very, very strong activity, some of the strongest activity we've seen since the great recession. >> i've seen prices in some places around the city, you know, up the most since '05, if not further back than that because of, ivy, exactly what you've been saying i'm sorry, go ahead? >> i was just going to ad

. >> berkshire hathaway has sold its u.s. air lines stocks. >> reporter: it was based on his view.s his stock doubled. >> i said, warren buffet, that old man, i'm better than he is. >> reporter: before the pandemic was better known for being thrown out of the super bowl and harass being female journalists including a year's long campaign against espn host samantha ponjer. he dismisses this saying his style is to make jokes. i've always been an avid sports gambler and once sports stopped i was looking for something to do. >> reporter: in march he put $3 million of his own money into an e. trade account, ddtg and coined a simple mantra. >> stocks always go up. >> reporter: for several months the s&p 500 proved him right. the markets surged to its marleaus, portnoy tapped into and somebody helped fuel a flood of amateur investors into the market. commission free sites reported big jumps. >> what dave portnoy has done is he's made investing fun. just because it's fun doesn't necessarily mean you should take it lightly. it's money. you should take it seriously. the amateurs, especially

the fed purchasing $5.7 million of debt from warren buffett's berkshire hathaway and $7.9 million fromion from walmart and $6.5 million from mcdonald's. this biggest beneficiarys of the program. the fed spent trillions in its first leg of the corporate buying program. want to take a look at stocks as we learn the details on the fed's bond buying spree. both stocks are higher. looking at ford, coca-cola, mcdonald's, walmart, green across the screen as markets are higher. all of the stocks in the green. ford up 1.5%. >>> the list just keeps on growing. facebook, facing the heat as more advertisers cut ties with the social network. the latest sportswear giant adidas, packaged food company conagra pulling out in the last few minutes, joining companies like hewlett-packard, clorox, best buy and ford that pulled advertising today, while others like unilever, coca-cola and as charlie gasparino reported over the weekend, pepsico yanking ads from the social media platform. this list of advertisers, they are all saying thumbs down to facebook. what does mark zuckerberg have to do to stop all thi

berkshire hathaway has been blowing out of its traditional bank stocks but holding ma mastercard, andhe same >> jon >> scott, astrozeneca. for the reason dr. fauci was saying, it's not a question of if but when as far as the vaccine. these guys have two shots at it, astrozeneca does i'm not saying it comes this week, but there's an aggressive call buying this week in the 54 calls, so during the show i bought those calls >> a lot of companies taking a lot of shots on goal with that vaccine, doc all you need is one score. >>> we appreciate it thanks for watching. new highs today for the nasdaq, new record highs for apple and amazon and microsoft and facebook, and that does it for us kelly picks it up right now. >>> thank you, scott, and here's what's ahead, everybody. it is the valuation debate with those new records scott was just talking about, it's the nasdaq, the tech etf, the software etf is this whole sector getting too expensive? >>> plus it's the balloon that just keeps growing rising corporate debt levels could be a threat to the global economy. we'll look at the biggest threat

represents 20% of berkshire hathaway's market cap. it's pretty mind blowing that the most famous value investor in the world has 20% weight in apple. >> so, that's true that is interesting. so santoli, when we go down and times we regain 50%, we go up, sometimes get back 50% do you think we're at the top end of a range where there's reckoning with troubles re-opening and spiking in cases and things do you think maybe 3,000, 3050 >> the last five days the s&p 500 has kind of crested intraday around 3150. if these five or whatever you want to call them a dozen stocks in the mega cap growth area continue to work for their own reasons or none at all because really it is just incremental money flow going into and overpaying for the safety of those then the overall index gets the insulated from that there's a rotational defense mechanism inside the market that's prevented the reassessment from really taking hold the equal weight of the s&p is down 9% in two weeks it doesn't feel like it because of these stocks and because of that good rotat

the fed really need to be buying bonds of, well, comcast, our parent company, amazon, berkshire hathaway, at&t and walmart and i have not noted any shortage of buyers for these companies in particular that makes it difficult for them to borrow. >> haven't they outsourced it to blackrock and these were the bonds they bought. hey, i was trying to think it seems like a very ill-advised status of what they're buying. makes no sense whatsoever. i'm sure there is someone who can defend it. that person is not going to come on air that is not the stuff. they're not buying chesapeake bonds which, by the way, is a complete disaster only midstream which they owed to but i just think what the fed has been buying or the agents they're buying is more like telling a desk, we're going to buy walmart bonds but if you really stop and trading stuff that is awful, let us know we'll buy that, too. i thought it was just silly and someone has to answer. >> i thought it was supposed to be fallen angels that is what they originally, i thought. those investment grade that were falling and conceivably given the si

touch in what would be the answer to that question i know you've been a big holder of berkshire hathawayersonally. it's too large for the funds i manage but i have extraordinary confidence in warren he's the greatest investor of all time there's no way he's lost his touch. he has this innate to see the future in ways no one in history has been able to do. he also has that ability to be contrarian when necessary and buy when others are fearful. i think there's no doubt in my mind that warren's gifts are still there. he's learned from all of his experiences. he's a better investor today than he was 30 or 40 years ago. >> how do you explain how he's bearish and you're bullish. >> i'm not necessarily saying he's bearish at the annual meeting which we go to every year and this year did it virtually, he talked about how the magic of america is still here. we have always found a way to solve our problems in this country and the country will be stronger five years from now, ten years from now we'll get through this pandemic the way we got through the last pandemic last century. the political tur

let's not forget warren buffett's berkshire hathaway announced a big stake in the company earlier in the year before the pandemic. kroger has done very very well. its comp sales in march were up 30% and there's a real belief that people started to shop their groceries in a different way because they were in lockdown at home and that trend will continue, it's believed, at least to a certain extent, once the lockdown eases. kroger very well positioned in this environment. stuart: all right. good pick, ash. well done. all right. the opening bell is ringing in about 30 seconds. let me recap here. an extraordinary surprise in the jobs report this morning. we created 2.5 million jobs. it was expected we would lose eight million. the unemployment rate went down to 13%. 13.3, to be precise. instead of going up to around 20%. i tell you, the expectations were so off the mark, that's why we don't go by expectations on this program. here we go. it is 9:30 eastern time and i will guarantee so much green, you can hardly believe it. look at that. we're right. right from the start we're up 720 poin