when you think of elizabeth warren, you think persist. some of us think of the exact words that elizabeth warren's most powerful opponent and the united states senate said about her. while condemning her on the floor of the united states senate. quote, nevertheless, she persisted. elizabeth warren and her voters in massachusetts and the millions of voters around the country who voted for her for president all took that condemnation as a compliment. nevertheless, she persisted. the seed for the title of elizabeth warren's new book, persist, was planted on march 19th 1986 when reverend martin luther king junior little, greta scott king wrote a letter to the segregationist republican chairman of the senate to shun erie strong thurman opposing reagan's nomination of jeff sessions for a federal judgeship and alabama, where he served as a u.s. attorney. in her letter, coretta scott king said mr. sessions has used the awesome powers of his office in a shabby attempts to intimidate and frighten elderly black voters. elizabeth warren read that let

interrupted senator warren. >> mr. president -- >> the majority leader. >> the senator has impugned the motives and conduct from our colleague from alabama, as warned by the chair. senator warren said senator sessions has used the awesome power of his office to chill the free exercise of the vote by black citizens. i call the senator to order under the provisions of rule 19. >> mr. president. >> senator from massachusetts. >> i am surprised that the words of coretta scott king are not suitable for debate in the united states senate. >> she was warned. she was given an explanation. nevertheless, she persisted. >> nevertheless, she persisted. four women senators ran for the democratic nomination for president in 2020. elizabeth warren was the last woman in the race when she decided to end her presidential campaign two days after super tuesday. that night, at her home in cambridge, massachusetts, and in a discussion with rachel maddow, senator warren said this. >> we can't lose hope, because the only way they make change

warren strobel?uest: those are two separate questions, and one thing we have not talked about, hopefully we will answer the question one way, the lab leak theory originally, for much of last year was derided and looked down upon. many observers would say president and others in his administration were bringing this up, pointing the finger at china to deflect from their own, arguably poor effort in battling the pandemic. so what has happened is obviously trump has left office. china has not cooperated with who. you have a series of scientists, some prestigious, shifting public views and statements, starting to say the lab leak theory is not a conspiracy theory -- it should be investigated. these include people like dr. anthony fauci, leading infectious disease expert in this country, -- who worked with the pool on -- wuhan lab, and so many others, so it has gone from a conspiracy theory to mainstream, and our article posted sunday, followed by a lengthy, excellent article examining the entire lab leak

warren is making zero on float on 150 billion in rough numbers.lion a year so that's kind of interesting. a third, i think the notion that geico is going to become much more profitable relative to progressive over the next few years, you know, that's background the second part is obviously greg abel. greg hit the subject of the environment. he noticed how they were transitioning out at an aggressive rate, getting out of coal, going into transmission. if you want to do climate control, you need wind, solar, renewable as, in other words transmission and transmission is the emphasis he was putting on how much money they're spending and it was echoed in the annual report already. in addition to, the other comment made, maybe you touched on it earlier was the notion of the railroad when warren said there's four major railroads in the u.s., two in canada and going after ksu which would make it two -- three, somewhere in the background, i can't stop thinking about the arbiters thinking about this. whoa interesting 0 than aspect, in addition, what you had

but first, warren buffett's hot hand is back. berkshire hathaway clocking just over $7 billion in operating profits on $64.6 billion in revenue. the parents of more than 70 businesses that buffett and vice chair charlie munger built 56 years ago hitting an all-time high right now, up 2.25% at 421,581. stock has never split, that's why it's so expensive. the meeting was held virtually in california without the usual 40,000 buffett faithful who every year make the annual trek to omaha where they pour through the front doors, they rush right in to hang on the billionaire's every single word. but this time the oracle began virtually by taking a swing at online brokerage robin hollywood, bankrupt9ly calling those who trade on the free app gamblers. >> well, that is really waving the red flag at the bull. [laughter] finish i think it's just god awful what something like that would draw investment from civilized man and decent citizens. it's deeply wrong. liz: buffett saving kinder words for apple's ceo tim cook seen here with me during

melinda: well, warren has had a fabulous, huge influence on us, and warren said about his own wealthberkshire hathaway, he said, "you know, i'm going to give this away during my lifetime, and within ten years of my estate settling." and as bill thought about that and i thought about that idea, we said, "yes, that's right. we don't have a crystal ball. "we can't predict what the problems are going to be a "hundred years from now, but we want to work on today's issues while we're alive and while we're energetic and healthy." and so, within 20 years of the last of bill or i passing away, all of the resources that will flow through the foundation will be given away. david: so many people are probably wondering what it's like to be, for quite some time, the richest couple in the world. melinda: mmm. david: does it make it possible for you to go to a restaurant? can you go to a movie? melinda: well, first of all, we are incredibly privileged and lucky to have the resources we have from microsoft. that is that, full stop. we do give up some privacy byaving that, but i have to say, most peop

also on the show america's most famous investor names a successor who is next after warren buffett to discuss with our correspondent. and can get on complete with its asian neighbors in the ultra competitive global market for electric cars. this is the business i'm joined now the milan in berlin so happy you can join us the maker of the hit game for tonight is facing off with apple in a u.s. court today at stake control over its very lucrative app store games brought the case out. there louis kicked off the app store for implementing its own an app payment system bypassing apple's 30 percent commission on app purchases the case could have profound implications for how apple charges companies a crucial part of its business model. in this parody of the famous apple commercial $984.00 epic games takes a swipe at the giant but unlike in the original here apple is portrayed as a kind of big brother suppressing humanity the video is part of epic games attempt to win over gamers in the dispute with apple and this is really the 1st shot across the bow toward apple in terms of defending their

that is the message from warren buffett. the spac's are crowding me out, but i will build my buffers, and the world seems like a casino. it is a frenzy out there, a gambling impulse, and that, he warns, creates its own reality. nobody tells you when this clock strikes midnight and it all turns to pumpkin and mice. 14.5 billion dollars in the bank -- 105.4 billion dollars in the bank. it is time to talk about tapering. mr. kaplan raises the specter. the dallas fed president says it is time to talk about the excesses. it is time to start talking about the taper. that is very much at odds with jay powell. and never left out of an argument or a discourse, not an argument, it is a discourse on the bid and the offer. do you want to belong in a bubble? sure in a market is the easiest place to die. let me assure you a market that is far from short. three weeks in a row, the money has rolled into the equity markets. we have not seen that since july 2020. the calls on euro-dollar are quite literally splendid this morning. comments by

you had the comments warren buffett made over the weekend.he company came out with first quarter results and earnings and sales beat the average estimate. berkshire has a quarter of hundred 45 billion dollars -- some positives in terms of their results. on top of that, we had his comments earlier this morning. talking about vice-chairman greg able, his likely successor if anything were to happen to him or if you were to step down. the level of certainty we have not had before. that is something that shareholders have been wondering for years, who would take over if buffett were not in charge. we have a better indication of that now. we move on to a couple of deals. one that is in the works and the other looks like it has happened. the first is verizon. the shares are not moving a whole lot in early trade. the phone company is nearing a deal to sell media assets. they may sell for as much as $5 million. verizon got into those businesses before the ceo took charge two years ago. verizon is making a major commitment to go -- to the wireless busi

my guest tonight is senator elizabeth warren.congress then and now and, of course, inspiring others to persist. senator elizabeth warren, welcome back to the shoovrntle thank you. good to be with you, sort of. >> trevor: sort of and hopefully in person one day in the future. >> soon. >> trevor: the country is changing, the country is growing. let's jump straight into the questions because you are in a position of power in the country decide ago lot of where america is going to be going. i know you've got a new book and that applies to some of the conversation we're going to have today, but let's start with the immediate question many people have, when does america go back to normal? >> oh, i think normal is going to change for us. i don't know, think of it this way, trevor, let's set the table here -- what has happened in the last year -- global pandemic, a racial reckoning, an armed insurrection, a new president, and an historic rescue package that's been voted through. all of that, and that means change is everywhere. it's in t

highest ever stock markets all time highs and let's 1st look at charlie monger he's a partner with warren buffett over at berkshire hathaway and of course is from the 1920 s. he was born in 1924 so he will remember as a little child baby flapper you know that the wrong twenty's charlie monger on bitcoin today quote i should say modestly that i think the whole them development is disgusting and contrary to the interests of civilization she owns banks that launder billions per year and have been charged criminally give me a break says anthony promptly i know right right palm makes a good aftermath of their you know 75 percent of the berkshire hathaway portfolio he break it down is banks and the banks are the 1st in line from a central banks to get all the bailout money member berkshire hathaway's been bailed out twice without those bailouts they would have been bankrupt long ago they're under performing even. with the bailouts they're still underperforming the s. and p. and nasdaq for more than 10 years these guys are their bombs their charity cases right so then you say income is up 30 per

we discuss the president's economic agenda with senator elizabeth warren. brooks and jonathan capehart break down the week's political news. and, much more. >> woodruff: with millions of people still out of work, today's jobs report was a puzzle to many analysts, who had expected hundreds of thousands more new jobs to have been created. as we heard, president biden picked up on this today, to try to make his case for large federal spending on the economy, infrastructure and addressing inequality. his plans could add $4 trillion more in spending, but it is the subject of considerable debate. lisa desjardins looks at all of that. >> desjardins: judy, as more americans get vaccinated, there's been much speculation that the economy could roar back this year. today's report wasn't bad, by any means, but it didn't suggest that kind of recovery is underway. instead, it left questions about what it means, and the economic prescriptions being debated right now. for that, we turn to ellen hughes-cromwick, a former chief economist at the commerce department during the

thanks again to senator warren for pulling this together. i mentioned the earlier testimony of john coston the current commissioner. i would ask this question, can you share your thoughts on how we can best equip the irs to close the tax gap? this is a question i've asked repeatedly from the previous commissioner and the current commissioner. your thoughts on how to best close the gap? and what will need for broader fairness in our tax code? >> thank you, senator. that legal tax evasion is a real problem and should be policed better as i will explain, looking back to senator's question earlier it is important to understand that a legal tax evasion compared to legal tax avoidance by loopholes in the system. the legal tax evasion if anything especially both because of the small but significant revenue loss but also complaints norms and states the overall economic and political system. the academic literature is clear the most important thing to do and protect that from the appropriations process. the committee is considering some important mea

government transfer payments that are being stuffed into their mailbox as well charlie munger and warren buffett their income is by billions because a study getting $800.00 or $2000.00 from the government they get $101520000000000.00 from the government but they're no different then the because they've never invented anything they've never built anything they just sit in their chair omaha nebraska and wait for the government to send the money and that's all they do in their bombs and their parasites the thing as it does expose his statement doesn't expose 1st of all he said you know big claim he hates the success of back line and what the success of big question does is expose the entirety of the lie of the financial system of weights he has benefited enormously but it also shows too that for all their smarts and all their value investing and looking into digging into the books and examining the books of these companies and meeting the c.e.o.'s and doing all the due diligence like that's a waste of time and money in a roaring twenties when money is being few thrown out the door like span

warren joins me.or being here. i have to say that for a lot of voters, including some of the voters in my own households who are young folks. they wanted elizabeth warren. they got joe biden and they still got elizabeth warren terms policies. have you been surprised how much like your policies, biden's policies are? >> you know, i think of it this way. look at all the that has happened in the last year. you talk about the pandemic, a racial reckoning and an armed insurrection. and we got a new president. we passed an historic rescue plan. that means the opportunity is there. the opportunity for change. most of the time, you know this, the doors are locked tight but not at this moment. what i talk about in the book is the personal stories. why policy is so personal. how it touches -- i talk about childcare from the point of view of a llama who couldn't get and it nearly couldn't finish her education, nearly lost her first job. i walk the being a teacher and a planner and a fighter and a learner and a w

warren buffett says the u.s.

the great iconic liberal of the warren court used these words to describe our culture. we are religious people with institutions presupposing a supreme being. it's worth repeating. we are religious people with institutions presupposing a supreme being. they said that in the context of the program in new york in new york city specifically that school children in public school in the city of new york to be released on a wednesday afternoon in our early and go to their local church or synagogue. their house of worship for religious training. it was a challenge of the violation of the establishment clause and douglas in my majority opinion use that word accommodate. we can accommodate the religious views and the culture of our people by allowing this adjustment, the sub tom -- accommodation -- accommodation. i think we can accommodate you at a restaurant or yes we have available accommodations. this is the constant touche note dimension of accommodation used time and time again. think of in god we trust. what are we saying? it's the idea of chaplains. chaplain barry black o

warren: no, that's right. over the past year, you could have passed on the brakes you got from the fed to your customers, but you didn't do it. everybody else here, those other three bankers, will any of you agree to refund the overdraft fees that you collected? i didn't think so. so no matter how you try to spin it, this year has shown that corporate profits are more important to your bank then offering just a little help to struggling families, even when we are in the middle of a worldwide crisis. thank you, mr. chairman. sen. brown: thank you, senator warren. senator kennedy from louisiana is recognized for five minutes. sen. kennedy: chairman -- [no audio] sen. brown: we can hear you now, senator kennedy. go for it. sen. kennedy: ok. thank you, sir. mr. solomon, did goldman sachs underwrite saudi aramco's ipo? >> we were one of the underwriters, yes. sen. kennedy: how much did you make? >> i don't know off the top of my head what our underwriting fees are, but we can certainly come back to you. it would ha

. >>> warren buffett and out swinging what he said >>> and the health crisis in india glrows worse as the white house considers sending vaccines there. >>> the biden administration kicking off the $2 trillion spending plan, but will some democrats balk at the price tag as the american economy surges >>> we stick with the roads for the morning rbi as the uptick in the number of you getting behind the wheel surges to go, well, anywhere it is monday, may 3rd. this is "worldwide exchange. ♪ ♪ >>> good morning, good afternoon or good evening. welcome from wherever in the world you may be watching. i'm brian sullivan welcome to may here is how your money is setting up your day. futures in the green dow futures up 195 nasdaq up 27 now april, remember april? proving to be a strong month for stocks the s&p 500 notching its third straight month of gains. adding more than 5%. nasdaq climbing about the same dow up about 3%. all this as new data from jpmorgan chase and the fed shows that you, mr. and mrs. individual, are holding more stocks than ever before. climbing now you to 41% of your total f

jamie dimon and elizabeth warren share a tense exchange.he details of that spar, coming up next. this is bloomberg. ♪ ♪ >> without that overdraft money, would your bank has -- have been in trouble? >> we waived the fees for customers upon request. >> i appreciate that you want to dodge this question. do you know how much your profits would've been if you'd waived them? >> we waived the fees -- >> your profits would have been 27.6 billion dollars. i did the math for you. you and your colleagues coming today to talk about how you stepped up and took care of customers during the pandemic. it's a bunch of baloney. it's about $4 billion worth of baloney. you could fix it right now. would you commit right now? >> no. >> right now. >> no. annmarie: elizabeth warren living up to her reputation as the biggest critic of wall street on wednesdays grilling of bank ceos on capitol hill. jamie dimon called the star of the overdraft show, making the point that banks cap charging high fees to customers struggling during the pandemic. he was one of six lead

that's elizabeth warren tomorrow night, 10 pm. with former president jimmy carter and rosalind carter at their home last thursday. we only saw rosalind carter at the door in one shot, but tonight the carter center released this photograph of the visit. two democratic presidents who won georgia's electoral votes. that is tonight's last word, the 11th hour with brian williams starts now. well good evening once again, as we start a new weekday 104 of the biden administration today a major step forward, a post pandemic recovery on the horizon. and having to do with this news and its impact, we have a live picture of times square for you tonight. nothing normal about it and it hasn't looked normal of course in over a year. but now, new york, along with new jersey and connecticut, will lift most of the covid restrictions starting may 19. that is a potential turnaround for a tri-state region that was at e in

we take a look at warren buffett'a probable -- warren buffett's probable successor.his is bloomberg. ♪ haidi: warren buffett has named berkshires vice chair frank abel as his probable successor if you were to step down. let's get more on the business. did this come as much of a surprise? sally: in short, no. succession has long been a question for warren buffett, who is 90, and his longtime business partner is 97. we knew a succession plan have been drawn up by the board, although the actual air to the throne had been kept secret. it has been one of the weakest topics of discussion as the two progressed further into their 90's. on saturday, one had let slip that abel will keep the culture, in a point by buffett to managing the conglomerate. it seemed like after that if it felt he needed to confirm that abel would take over. abel overseas berkshire's investments. he had been seen as a potential candidate. shery: what kind of leadership management style should we expect from him? we've had a glimpse. he has been at the past two annual meetings and on saturday he had a

. >> wow warren buffett is blasting spacs calling them a killer. after the initial frenzy the returns have been anything but spectacular. >> the reopening stocks versus the stay-at-homes. should you bet or uber or lyft we'll talk to an analyst throwing in the wipes on one stay-at-home darling "power lunch" starts right now >>> and we start with the markets on that reopening theme. that's where the action is today. let's go to bob pisani for more. hi. >> hello we are up but off the highs. buying yields moved down and bank stocks as well. but we are still doing really well and the reopening stocks matter so seeing steel stocks like nucor at new highs. restaurant companies and food delivery like domino's pizza, the companies package delivery companies like u.p.s. doing well and carmax new highs one group that's not reported yet, 60% earnings season, are retailers on an additional month and are to get the april ending quarters and many are hitting new highs and also really been moving up on the reopening story so new highs in gap, ross stores, ralph la

paul: did warren buffett give any hints on how he might deploy that enormous cash pile?s a fan of buying back his own stock and has been for a while. him and his longtime business partner see the value in doing that. in terms of secession we got one potential clue. at one point charlie mungo mentioned greg able, another one of the younger controls of the berkshire's businesses, would maintain the culture at berkshire. so i think investors, that probably peaked in their interest a lot. but no successor has been a lot -- has been announced. that was a comment that might be picked up by some investors. shery: what about little comments about succession? sally: exactly. he does not get a lot of way -- a lot away, but that was one tiny breadcrumb that people might see the pun and think he mentioned able would maintain the culture at berkshire. potentially is that an indication of what is to come? but it is very hard to say and be definitive on anything like that with warren buffett. paul: all right. finance editor sally bakewell there. you can get a roundup of the stories you

under fire from no less and senator warren basically saying, you feel the financial system. i'm not sure exactly what she's referring to accepting the fact he has reduced some of the regulations. how will this just tell potential volatility? jonathan: along the financial system will be safer. lisa: heart -- harsh. tom: review of richard clarida versus the bank regulates inside. lisa, i would say that is more of the political site. lisa: i think the whole thing is becoming political. it will be interesting to see how volume dovetails if it in evidence with his ongoing wish and how does it get more dovish? jonathan: we have the wall street ceos testifying on capitol hill a little bit later today. are they going to beat the drum about the lack of lending with the ceo sitting and saying it is lack of demand? lisa: that is exactly what today is going to look like. why are you not lending more? why are you not trying to bring up the lowest income americans? the question i have is, is fed policy hindering the banks abilities this point to lend? is this creating some sort of disrupt

and tomorrow night senator elizabeth warren will join us right here on the last word, elizabeth warrene where they met with jimmy caught at their home last thursday. we only saw rosalyn carter at the doorbut tonight the carter center released this photograph of the visit. two democratic presidents who won georgia's electoral votes. that is tonight's last word. "the 11th hour" with brian williams starts right now. >>> well, good evening once again as we start a new weekday 104 of the biden administration. today, a major step forward. a post-pandemic recovery on the horizon and having to do with this news ands it impact, we have a live picture of times square for you tonight. nothing normal about it, and it hasn't looked normal of course in over a year. but now new york alo

senator warren has a new book out called persist.her presidential run and how her own experiences impacted her belief and need for political transformation. senator elizabeth warren, of massachusetts joins me now. what do you think about the sort of general politics of tax hikes on the wealthy now compared to say a year ago or two years ago? >> how about just before jeff bezos announced his new yacht? because i look at it like this. the republicans are saying we can't raise the minimum wage, we can't fund child care for all the mothers who need to go back to work, we can't cancel any student loan debt and we can't put a wealth tax on the richest americans. look, this is a fight i am ready to have and i just feel like just today jeff bezos has given us a new round of ammunition in this light. we need to jump in and go. >> you know there's two ways to look at this and i think of asked you this before but i think it's jermaine here as well. right? when you talk about the wealth tax you talk about capital gains increases. the question is

greg gable is not warren buffett, is he?s not, but he has the potential to be warren buffett successor. that is what we learned when warren buffett top to cnbc. this question has been hanging around for years. who will succeed buffett? the idea we have a bit more certainty is going over well. berkshire is up 1.6% in early trading. they are in mind berkshire put out first quarter results over the weekend. they ended the quarter with $145.4 billion in cash and they spent $6.6 billion on stock buybacks. tom: i've been going back and forth with craig moffett from moffitt nathanson. you are the l.a. one who knows how much they lost. how much is it? david: it is billions. we have earnings out of estee lowder not going well. stocks down 4% because the third quarter came out. sales trailed analyst average estimates for the second time in the past four years. his gross profit margin was lower than projected and makeup demand is weak because the coronavirus pandemic reduce the number of occasions to use it. on the flipside you've mode

they bought when warren and buffet weren't interested. them to the fray do they believe robinhood when they said there is an old guard that doesn't want average americans to sit at the table so they resort insults. it's combined with a sense of oblique and believe me, robinhood's hands aren't that clean and payment and flow it's how they make a living, not happy about that i believe a lot of people should be rebated and a lot of money should be rebated to show faith of the craziness, gamestop, amc, near shutdown at the end of january. we make that money to them involved in your trading i know buffet but their version i remember back when they had they bought apple and the iphone and that's exactly what millions of these new investors have done over the past year they should be celebrated. so the next time you see someone like buffet complaining about kids these days, why don't you take it with a grain of salt i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'll see you >>> america reopeni

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>> chairman. >> that was elizabeth warren going back and forth with jamie dimon.n warren's words you are the star of the overdraft show and once again, dimon with a simple one word answer. i guess we don't have wilf to chat about that with, but that was certainly an exchange and i'm glad we got to it as the hearing continues. we'll keep you apprised of further information we get out of the hearing wilf, are you there? >> i am, sorry i was plugged in to both ears of the conference still listen, i didn't hear what your question was, but my reaction to that is, a snapshot from senator warren back to what we are used to from her, but a little bit more of a blunt and feisty response from dimon than what hasperhaps captured him for most of the past decade where there has been a little bit more subservience as you were saying earlier, perhaps a reflection on him feeling empowered, towards the end of his tenure, many years left, but not the start of his tenure either way he was hold nothing punches in his response and both of them had, i think, sort of grounds on what the

senator warren has _ worldwide crisis. senator warren has long - worldwide crisis.s. senator - warren has long advocated for oversight of major banks and rarely passes up the opportunity to clash with wall street's big players. the ceos get to do it all again on thursday when they appear before the house financial services committee and that includes another of their liberal critics, alexandria casey cortez. liberal critics, alexandria casey cortez. top trade officials from the us and china have held theirfirst talks since president biden took over the white house. they�*ve been described as �*candid and pragmatic�*... but do they signal an easing of the trade war between the two economic superpowers? sharanjit leyl and our asia business team are following this for us: what do you think any glimmers of hope that these two?- of hope that these two? well, erha -s of hope that these two? well, perhaps some- _ of hope that these two? well, perhaps some. i— of hope that these two? well, perhaps some. i mean, - of hope that these two? well, perhaps some. i mean, let's l p

jonathan: coming up, congressman warren davidson from ohio. from new york city this morning, good morning. equity futures unchanged. heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." ♪ ritika: with the first word news, i'm ritika gupta. president biden says he's open to compromise on raising the corporate tax rate. the president has called on congress to boost the rate from 21% to 28%, but he now says he doesn't have to be exactly what he says. democratic senator joe manchin has said he could support a 25% corporate rate. the u.s. will support a proposal to waive intellectual property protections for coronavirus vaccines. the u.s. -- the u.s. trade rep is in it of told bloomberg the u.s. wants to support. beijing urged the group of seven to stay out of its business after the g7 foreign minister's unified behind a litany of issues against china. among them, beijing's treatment of ethnic and religious minorities. spacex nailed the landing in its fifth test of the starship rocket. spacex founder elon musk says the

and biden thought about elizabeth warren highly as a chance.who rarely saw the line between right and self-righteousness. it gave them nightmares worrying what she might be up to at her office. could they trust her? that was a warren dynamic, and also could it be governor whitmer before he got to harris? >> warren, of course, biden spent a lot of time talking to her even before the 2020 campaign, back to 2016, or even 2015 when biden was thinking about getting into the 2016 race, and i reported in the book he had gotten very close to saying to elizabeth warren outright, why don't you just be my running mate and he continued over the 2016 race to say, she would have been great if i had run, she would have been with me, urging, saying hillary clinton should have picked warren as the running mate and when it gets to 2020 as biden last summer is thinking about a running mate, he was very drawn to gretchen whitmer, developed a close rapport, and biden as i reported in the book, it came -- he invited her to the beach house that he has in delaware, wa

speaking of apple as an investment, carl mentioned they're fighting battles on a number of fronts warrenuffett talking the stock over the weekend at berkshire annual meeting and at what he said on his apple strategy and tim cook's management. >> we've got a chance to buy it and i -- i -- i sold some stock last year, although our shareholders still had their percentage interest. because we repurchased shares, but that was probably a mistake. in fact -- i would add, charlie and in his usual low-key way, let me know that, you thought it was a mistake, too, didn't you, charlie? >> yes >> yeah. [ laughter ] i can only do so many things that i can get away with with charlie and i kind of used him up between costco and apple. so -- i think -- suddenly he probably -- well, i'm -- very likely was right in both circumstances. it's an extraordinary business. but -- i do want to emphasize that, ah, in its own way, it's a different way, but tim cook is -- we see a lot of managers of a lot of businesses you're looking at two great ones on both ends here. he's handled that business so well. >> you know

he's been seen as the candidate most likely to replace warren buffett.s getting rid of once dominant brands a well and yahoo! to apollo management -- brands aol and yahoo! to apollo management. the price, $5 billion. alix: thanks so much. for more on the deal, we want to go to bloomberg's dave wilson. give us some of the details. dave: you are looking at aol, yahoo!, some of the other businesses of verizon being turned over to apollo. we know verizon paid about $9 billion total for aol and yahoo!. they spent a little more along the way, for the blogging site tumblr, among other things. they have written down the value of those assets by $4 billion when their current ceo hans vestberg took over in 2017. a $5 billion price tag pretty much covers the rest of what they paid. we will see how the accounting works out in the end. nonetheless, this is really a step away from a business that verizon arguably was challenged to get into and to compete with the likes of google, facebook, and these more recent stars, you might say, of the whole social media, tech, in

senator warren blasted j.p. morgan chase for taking fees on overdraft protections. asked on camera in front of the hearing whether j.p. morgan would refund the money it took during the pandemic. he said clearly no but they were refunding to whoever asked. yvonne: bringing you live pictures out of seoul. the bank of korea governor speaking on the latest rate decision. they kept rates unchanged at a record low .5%, but they did upgrade the forecast for inflation and gdp growth this year. we will talk more about when this rate hike cycle could begin. korea ticks the boxes for normalization of policy here. tliv is where you will check out commentary from colleagues. you can also watch on live go as well. this is bloomberg. haslinda: for now here is the latest business flash headlines. an activist investor has won two seat on the exxon mobil board. it was established less than six months ago. exxon mobil has opposed the nominees in the lead up to the vote. the result sends a signal that institutional investors are ready to force corporate america to tackle climate c

it's becoming that way i think charlie and warren have to think of it in other ways trust me, every timehead around this, there's also a new fold to it. it's coming. it's not stopping. >> that's well said. steve, a word on this before e move along >> the numbers don't lie bitcoin, all these crypto currencies are going way up. doesn't matter what charlie thinks people are making money on it. >> charlie will probably hear that and go that's my point. >> twitter is lower today but it's also down 19% over the past week it's about 2.5% lower in the session. this is after we learned that elliot management is taking advantage of this dip to buy 200 million shares that's according to bloomberg. this is after another fund manager said she has bought oaf 1.3 million shares twitter says it will open its spaces to every user and let users sell tickets to live audio chats. what's the big game plan here? >> i think this is really big deal that twitter is now saying we are not just a platform for people communicating via text. we want to be an audio platform as well. the fact they will allow users to s

what we saw with senator warren is what we typically see with senator warren.t no real answers. i mean, frankly, you've got the biggest, largest ceos there of the biggest banks. it's an opportunity to find out what's going on in the economy, what they forecast about the economy and is typical with senator warren and others on the other side. they want the got-you moment. watching the exchange with jamie dimon. you know jamie dimon. he is very well quick to defend himself and he did a good job yesterday, and the show goes on. maria: yeah, i mean, look, the banks did do a lot during the pandemic in terms of small business. we know how they facilitated the small business loans, the paycheck protection program, among others. but what about banks going forward, the competition that we're seeing from chinese banks as well taking market share. what are you planning on focusing on in the hearing this morning? >> well, a number of things and those were all very good points. i want to know a number of things. number one, what is their view of inflation? do they agree wit

it is really just comprised of bill invalid and warren buffett.y little insulation between the public and the private. the second important point is, perhaps the most important ways in which the divorce could affect the nonprofit sector is not through the foundation. it's the money they are currently sitting on that hasn't yet been allocated to the foundation, which is even more than what's in the foundation. the foundation has more than $50 billion worth of assets. bill gates is worth twice that. we just don't know what that means. will they continue to put money into the foundation? they have made public commitments that that is what they would do. each of them has kind of side projects and five vehicles. it is possible they will bulk of those channels for giving instead. a whole lot of uncertainty. we don't have clear answers. >> we have a lot more questions, which >>> thanks for joining us on this interactive show, gett >>> tonight, several developing stories as we come on the air. the coronavirus, the president and the new goal. president bid

most religious people working in public life and i think of rick warren saddleback church. they are lovers, they are bigots and they are out there trying to harm people. talk about the harm principle if you would and a bit about this administration and the fears that you expressed in the book. >> yes, william fearful about what seems to be happening and it's obviously early on so i'm withholding judgment but let me jump right into the equality act because there it is. you are in favor of equality but equality without the safety device, the exit ramp of freedom becomes cruel and oppressive. if i may reach back to justice scalia's opinion in the case all that a law has to do is to apply justice scalia and a six-member majority of the court is that it applies equally to the community neutral on its basis not trying to inhibit religion. that's all that is required. if that's true there's no religious conscientious objector and that had been allowed to land since sherbet versus vernon and the sweetness of wisconsin and i describe this in very accessible ways. i understand that a

insurance so that's where he is right now now warren buffett of course was at one time hailed as the oracle of the market how will the post buffett iraq look like when and if he decides to go. and that's an important point that you're raising here because what we heard from berkshire hathaway and from warren buffett so if something should happen to warren buffett overnight that's been a great cable what i'm steppin so for the sake of for a buffet let's hope that some time back in the future but it's interesting because there are 2 co-chairs so they risk rate cable being in charge of the non-insurance business and then there is a jihad jane always in charge of the insurance business so obviously when it comes to the railroads and other parts so for berkshire hathaway that might be seen as more important at the moment and then the insurance on dance karta thank you very much. a look now at some other business stories making headlines. verizon is selling off its media group to private equity firm apollo global management in a $5000000000.00 deal to the list of brands include early inter

chief of staff for attorney general william french something i and law clerk to bow sleeve justice warren berger and a fifth circuit judge david dyer. as moe of you know he was appointed to serve as independent counsel for five investigations, including whitewater from 1994 to 1999. many of you know ken through this writing. he is author of first among equals, the supreme court in american life, bear country, the baylor story, contempt, a percentage moyer of the clinton investigation which was animation names best sellinger in 2018. -- a "new york times" best seller in 2018 and religious flirt crisis was released this past tuesday and which we celebrate this evening. ken and his wife alice, who is here this evening, great too have you hear, alice -- now's along the peaceful banks the river in waco, texas. we are blessed this evening to hear from two devote giants faith and freedom who have shaped our thinking and strengthened our resolve to defend america's first freedom. please join me in welcoming dr. tom farr and judge kenstar. >> well, thank you, david. i can see that this on. i can h