more from jon in a couple minutes, including his interviews with the vmware ceo >>> we begin with warrenfett. talking the state of the economy, his stake in apple, and his thoughts on jerome powell ahead of his testimony tomorrow. >> overall, the rate of improvement is tapered, but certainly hasn't flattened now, that can change next month and home construction has been disappointing. right now things are fine. there are stocks i would buy that we own nine and a fraction percent, and i may be selling a bit, they're repurchasing shares and i don't want to drift over 10%. but apple, i don't see myself selling. the lower it goes, the better i like it obviously. i don't second guess it. he is a terrific choice for fed chairman he was at the treasury in 1991 when solomon was in trouble. i saw him make a lot of good decisions for the united states government, he's a smart man, very level headed. he understands both business and economics and i don't think you could have a better chairman >> also talked about stock valuations, whether or not equities are cheap or expensive. >> if you tell me 3%

first citywide mobile 5g networks this year, the business opportunity for tech heavy weights like vmware is finally real. >> i really see to 20 as where it's going to happen. right now, the national anthem is playing. next year, ghe games started. >> reporter: vmware is offering technology to help serviceov ers transition to 5e, meanwhilevice makers like huawei and samsung are already rolling out 5g phones. geopolitics looming in the background of this year's show. intel's s bn said the sooner those clouds clear, the better. >> i think we're all excited by the progress that seems to be made in the discussions between the u.s. a china, because we think global trade g isd for the industry in particular. >> reporter: but for so man companies gathering here in spain, those opportunities depend on the 5g networks actually getting built. tower by towe as quickly as possible. ericson ceo said in the u.s. tight labor market is making that a challenge. >> we're probably one of the largest trainer of power crews m in northica, actually. but what we see now is that the tower crews are the limiting

let's talk about work wear, splunk and vmware. how many times did i say you ought to go spelunking when their stocks drop? look, my wife is on the board of bucknell she told me they substituted work day they put it in their system. and she loves what it is doing for them what did i do? i said hey, that's great we have sanjay on, the ceo of vmware i say a lot more good things about faang. i should have been pounding the table on the cloud kings, day in and day out. forget the faang and workday and splunk reported blowout kwoequarters this very t to reestablish the idea of kick me bottom line, it's not enough to be occasionally recommending a great stock. that is why i am kicking myself and only tonight this is over after tonight these are companies where someone in my family uses their products i love their managements i believe in the story i should have been recommending their stocks every night, 3,000 times. david in virginia, david >> hey, united states treasury boo-yah, jimbo i've read your books, started from confessions of a

more from jon in a couple minutes, including his interviews with the vmware ceo >>> we begin with warrenstate of the economy, his stake in apple, and his thoughts