liz: happy birthday to warren buffett.mp does not like what the federal reserve said it will do this year, raise rates steadily. more of my interview with warren buffett, what he thinks about president trump's vocal attacks on federal reserve chair jay powell. whether fed chiefs should listen to u.s. presidents. that is tomorrow, 3:00 p.m., right here on "countdown". dow jones industrial average off 151. off the lows. we'll be right back. you knew the risks when you decided to drive drunk. there could be a crash. people could get hurt... or killed. you could get arrested. but one thing's for sure... you were wrong when you said it was no big deal. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitor

stay tuned for our conversation with warren buffett .e speak about technology and his investments. remember you can go to gtv on the bloomberg. you can even save your favorites for future reference. this is bloomberg. ♪ live from new york i'm vonnie quinn. legal lows in nigeria are costing wireless carrier dearly. nigeria's central bank ordered a return of money that was repatriated. in our guest who is joining us. what about the central bank decision? did that have an impact? >> enzi ends reaction so far has .een one of confusion they are not clear what is happening. the group's ceo said this morning that it was very strange that they were being penalized for this. far.has been a reaction so they are still working out what is happening. they also continue to be in talks with the regulator. it,le who are affected by the banks that help them repatriate the fun are also in talks with regulators figure out what is going on. banks. will impact it may also impact mtm's plan listing. the banks have been signed a combined amount of $60 mil

wapner top trade, we're still buying stocks that's the word from the world's most famous investor, warren buffettation that began with mr. buffett on the markets >> you have your choice between buying and holding a 30 year bond for 30 years or holding a basket of american stocks. there's just no question you'll do better owning stocks it's mor

wapner top trade, we're still buying stocks that's the word from the world's most famous investor, warren buffett a conversation that began with mr. buffett on the markets >> you have your choice between buying and holding a 30 year bond for 30 years or holding a basket of american stocks. there's just no question you'll do better owning stocks it's more attractive than -- considerably more attractive than fixed income, securities. we're buying stocks this morning. i rather buy them cheaper. >> here to debate the oracles comments is our panel. also with us from new york city is becky quick who just finished that interview with warren buffett. becky, i'll begin with you interesting comments interesting market reaction, for sure i wonder if you read between the lines a little bit about what warren told you, sure he says stocks are more attractive than bonds, but on two occasions he seemed to suggest at the very least that maybe things are getting a little pricey, maybe bargains are harder to find on stocks he said we're buying stocks this morning. i rather buy them cheaper. on apple we just bought

becky quick sitting down with warren buffett in midtown manhattan. rl, thank you very much we're smith at smith and wolenski where the lunch for the annual glide foundation lunch the charitable auction mr. buffett does is taking place thank you for being with us today. we appreciate it >> i'm delighted to be here. >> the winner for the glide foundation auction paying $3.3 million to have lunch with you today. what are you going to say to them to make it worth their while? >> we'll talk about whatever they want to talk about and as long as they want to talk. any subject they want to get into, except what i'm buying currently. i love to talk about what they want to talk about >> is it common to be asked for stock picks in these lunches >> no, actually it isn't i can't recall ever being asked. we talk about family actually, the couple that bought it this year bringing along two small children and we talk about the children, raising kids, a lot of things. it's not all stock or business or finance at all. >> well, let me be the skunk at the garden party an

warren buffett could write checks to save us from working but cannot give us happiness.the government can write checks but not give us happiness. it's impossible to work hard if you do something you cannot stand. >> sometimes they say some provocative things in one day you are trashing the concept. >> grit is the biggest i ever foresaw the worker. we are the richest country on earth because we avoid grit though warren buffett decided not to get with capital allocation ron james to focus on basketball is the most intelligent basketball player on earth in addition to being a great athlete lindsey buckingham of fleetwood mac that is what elevates his unique skill of intelligent people who pursue grit in the u.s. we work incredibly hard with that work ethic because we get to do what we love hence the work is the easy part. >> if i had to become a farmer if i was really bad at it my family i would use grit to get through it but now i'm better to use a grassroots organization. >> i would be viewed as a unintelligent joke m pathetic and starved to death this is important becaus

but what made you money if you bought apple stock on what warren buffett said. another apple shareholder reacting to that tells us what is next in tim cook's kitchen. countdown coming right back. don't go away. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. >> apple financially is very logically [inaudible] and i think in terms of a business operator, i don't kno

it will not just be outliers like warren buffett and lindsey buckingham.and the children of the people are going to redefine retirement and more people will feel we do a better job, we are never going to retire. >> host: you were just in colorado speaking at college campuses. how was this book received on college campuses? >> guest: they say wait a second and start to think about it and to say we know these people who are diet consultants. and developing a fall that make up companies around the world, they get that work is changing and in the future precisely because we are doing what we enjoyed retirement will be a dated concept. some people stuck in the 20th century. they have this view that you have to find a practical job to focus on practical things but thanks to prosperity it is more the case that you love and control, what your hobbies are as a child, such a modern, 21st-century capitalistic concepts, we need to be telling everyone about this because that is how we get ideas to work, the genius of free enterprise is it saves people from pages of sun

coming up -- warren buffett on bloomberg. the world-famous billionaire joins us next hoyer for a wide-ranging interview. this is bloomberg. ♪ vonnie: live in new york, i'm vonnie quin. romaine: this is bloomberg markets. the ar general tin -- the argentine peso worsened today. what the heck happened yesterday with this announcement? vince: well, it sounded like when he was going to go to the i.m.f. to get the funds eastern, it sounded like a voice of desperation. the markets took it that way, that there was more trouble brewing. the peso closed down yesterday. everyone was waiting to see how it would today, and it was a terrible start to the day. it went 13.5% almost in a heartbeat right after the open. it settled back some, but clearly the markets are going to keep to trying to push this. vonnie: did they not do the right thing? was it a panic move? vincent: it's not what did he was right or wrong. he did the right thing. it was the communication to the markets. the markets took it as a desperation move, that he was on the o

that would be warren buffett -- from one person. that would be warren buffett.ld bloomberg he is in the game for the long run. berkshire hathaway has raised a stake in apple with buffet saying the stock remains under priced. warren: i'm buying stocks. i'm buying because i think they will be worth a bit more money 10 or 20 years from now. i do not know if they will go up or down tomorrow or next week or next year, but i know they are good businesses. and, in relation, you have to measure investments in relation to each other. your alternative for most people is fixed income. you get 3% for 30 years. would you rather invest in a company that is earning 15% and compound -- or a 3% bond? at the same time, there are some stocks that are bargains, good markets. >> when the market is that high, that means guys have gone up quite a bit and you are sitting on a lot of cash, $110 billion. don't we have to have more fear in the marketplace before you are deploying a lot of that cash? theen: i don't love if ro country, but that creates prices that make me want to shovel out

warren buffett likes stocks. given how far we have run, or u.s.uities in particular, how do you balance that against your world? the credit universe? henrietta: i think it is fair. his comments on stocks compared to bonds is an interesting one. from our perspective, we are slightly bearish on rates, particularly for europe and the extent -- to an extent in the u.s. the risk is the political risk. trade, e.m., and so on. we are also bearish in terms of rates. andher area that we like, that touches on his stop comment, we quite like financials. you have to watch the volatility there, but that is an interesting place to play in the credit markets in europe. particularly as european banks have been improving their fundamentals. and we still like loans. if you look at the investment grade, that is another area we like. we favor it over high yields. nejra: is there any true competition for u.s. equities in fixed income? i am thinking about the front and particularly. henrietta: the front and is -- the front end is for a lot of things. you look at the sh

. >> delta warren buffett mentions delta. this is one that will do well in the next couple -- >> and -- >> adobe >> dow down 70 don't forget, warren buffett was on the network today "power lunch" has that story right now. >> i'm melissa lee snapping a four-day winning streak >>> plus growing crisis that could put a rid on this recent rally. mark your calendar apple expected to release its new iphone september 12th. there will be a major first for this apple event details ahead. warren buffett speaking first on cnbc with our own becky quick, stocks, economy and all the highlights, straight ahead. >> dangerous jobs. special series ending with a jolt meet the man putting his life on the line every day in repairing the world's highest voltage power lines, wow "power lunch" starts right now >> welcome to "power lunch." i'm tyler mathisen glad you could join us on a sweltering thursday here in new york stocks under pressure, dow down triple digits earlier, down now about 66 all three of the major averages contemplating their first

legendary investor warren buffett has told bloomberg the u.s.anking system is "in great shape" and he is on the lookout for good stocks. that comes near his 88 birthday. >> i am buying stocks. i don't buy them because they are going up next year. they will be quite a bit -- worth quite a bit more money in 10 or 20 years. i do know they are good businesses. you have to measure investments in relation to each other. for most people, fixed income. 3.02% for 30 years. you'd better invest in a company that is earning 20% on their invested capital and compound. at the same time, some stocks are bargains -- good bargains from your point of view. a bit have gone up quite and you are sitting on a lot of cash. as a practical matter, don't we have to have more fear in the marketplace before you are deploying a lot of that cash? love it for the country as a whole, but that creates prices that make me want to shove the money as fast as i can. we have been shoveling out money anyway and it is not as attractive as when i was buying into thousand eight and 2009

. >>> when warren buffett speaks, people listen. he told fbn's liz claman, apple should not buy tesla. there had been speculation about that. since buffett owns $56 billion of apple stock. when he says don't buy tesla, they probably won't. it is a wait-and-see day on trade. new market highs and maybe a trillion dollar valuation for amazon. we hope that it will all be revealed in the next three hours. thanks for joining us. the friday edition of "varney & company" is about to begin. ♪ >> after the deal was made with mexico, canada came along negotiated at the white house in our territory. it could happen. we'll see what happens. [cheering] and if it doesn't happen we'll put tariffs on cars coming in from canada. that will be even better. this country is tired of being ripped off by other countries. [cheering] stuart: you heard the president right there. commenting on trade. stocks down yesterday because of some negative news on trade. we're going to be down again this morning. and again i think trade is probably reason unearnty aroun

david: coming up, my conversation with warren buffett.ed about whether the stock market is overextended, and how he will change health care in this country. that is coming up. this is bloomberg. ♪ shery: this is "bloomberg markets: balance of power." i'm shery ahn. david: i'm david westin. i sat down with warren buffett and we talked about what is the advantage right now of being in the united states. you have often said being born in the united states is the best place in the best time in history to be born in the 20th century. by now the u.s. is going to reach information, we see more in marching positions being taken, even extreme actions. can you say in world -- seaworld worldch we -- se e a in which that erodes away? warren: i do not think so. in the 1960's and 1970's we were torn apart by vietnam and we had a president resign. we have gone through all kinds of things. we went through a great depression, a great panic that almost turned into a great recession, but this country moves forward and it will keep moving forward. the luckie

better life. >>> candid conversation with warren buffett. the world's greatest investor. incite, opinion and a birthday celebration you'll see first on "squawk alley" today on cnbc. >>> from turmoil to truce. president trump is optimistic that canada will join a trade deal. >>> jobs and the consumer, just 30 minutes away. >>> plus santa monica's great scooter experiment. why cities across america should take notice on what's happening in california right now. the final hour of "squawk box" begins right now. ♪ >>> 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 becky quick and mike santoli. the futures are indicated down 62 that's about where we've been, down 80, it was down 50 on the dow now down 60. s&p indicated down five and the nasdaq pulling back by 12.5. both the s&p and nasdaq pulling back from record highs that were set just yesterday. treasury yields hav

warren buffett and jamie dimon want to change quarterly reporting but the man "forbes" dubbed the foremost private equity scholar in the galaxy says they are just wrong. he will join us exclusively during this show. we are less than an hour to the closing bell. i'm cheryl casone. let's start the "countdown." cheryl: i'm cheryl casone. liz claman will be back tomorrow. this is breaking news right now. at this moment, president trump is meeting with the president of soccer's governing body, fifa. remember, the u.s., canada and mexico, all three countries, will be hosting the world cup in 2026. this is the first time the president is making public comments today. we will go straight back to the white house if he makes any news. we are monitoring news from the white house, as we always are. we want to focus on bigger news on wall street. we are looking at another day of records. the s&p 500 and nasdaq touching historic highs again as trade war fears fade. any gain for either major average will be their third straight record close, with the month of august winding down, believe it or not, the m

some of the big the investors are putting their money to work with their quarterly 13fi filings warren buffetts loading up onnal. adding 12.4 million shares berkshire has largely avoided investing in tech, even during the run up in the sector in recent years, but one exception is apple which buffett has said makes a consumer product he can understand george soros piled in popular tech names taking stakes in apple, facebook and twitter but trimming amazon. he also invested in spotify. shares are up since he joined in mri april. appalossa cutting stakes in facebook and alphabet by 10%, and reduced shares in alibaba. >> we have the diamondback and this you have a story coming up can you give us a tease? >> we have our own quarterly optimism survey. we'll tell you where we stand. i think you might have a clue. we talked about it yesterday our findings reflect some other recent optimism. >> kate, we'll see you in a minute >>> we are just getting started. up next, we'll head live to asia market there's taking another hit. report from our singapore office coming up. >>> and later on, just shop until

the "oracle of omaha," warren buffett set his sights on a new market. first-ever direct investment in the country, it is taking a stake in a parent company of india's largest mobile payments firm, paytm. terms not disclosed. the investment is $357 million. the conglomerate confirming that the portfolio manager did handle the transaction. pretty interesting. be sure to see liz claman, she will ask the wall street legend and the billionaire a lot more on thursday. it will be a can't-miss, countdown interview. liz claman will go one-on-one with warren buffett, berkshire hathaway chairman and ceo. thursday 3:00 p.m. countdown to the closing bell on fox business. >>> markets ma major averages off session highs. still set to close at new records. nasdaq is looking at a new record. the s&p looking at a new record. russell 2000, small guys hitting a new record. it will kick in nine minutes nicole petallides on floor of new york stock exchange. with a lot more, nicole. >> they're excited. they like momentum they're seeing for markets overall. you mentioned how w

despite what warren buffett says. alistair: wall street's concern about that hit apple stock year and a half ago, two years ago, i would say, and now i think the stock has recovered because investors are confident apple has a new strategy to deal with that. they're not trying to get millions and millions of new iphone customers every quarter or with every launch. what they're trying to do is take all the many, many iphone users out there and make sure they upgrade to the new version. they're going to spend more money. while they have all these massive -- this massive base they are going to start providing services and making money through that. emily: meantime, tell us about apple's other big potential bet on augmented reality and what we're expecting to see there? alistair: we don't know if they'll announce anything at the september event but they did yesterday. there was news they acquired an a.i. startup. and so that's another very big hint that's going to be the next major he product. mark has been reporting for a

warren buffett and berkshire hathawa hathaway leslie picker is joining us. >> in may, buffett says he own 100% of apple if he could. bershire also boosting his stakes the firm did trading around airlines and banks berkshire's ownership jumps to 21%. and airlines berkshire -- the firm says it wishes to avoid owning 10% or more of investee's shares many are purchasing shares, that requires berkshires to make adjustments. it is not their view of relative attractiveness >> yes, 100% of that, huh? >> a trillion dollars company now. >> a bit more difficult. >> it is amazing that he finally sort of threw in the towel >> it makes you wonder if he'll make decisions like that on other investments. amazon he had such positive commentary on and jeff bezos and he keeps on saying he missed it. apple is a consumer product company and not a technology company. >> he wishes people would stop talking about apple and the same is true about amazon because he wants an entry point where he can buy into the stock at a price that he deems, you kn know -- >> if he thinks so >> you have done amazingly well fro

look for opportunities ala warren buffett i come back to warren buffett because he's the best investorf our lifetime. and i know that he's sitting there in omaha and he's saying, hey, hit me. hit me again he has a five and a six and the dealer has a king, is going to bust -- well, we don't know, the dealer has a four or a six but he's doubling down on five to six and the dealer is showing four i want that. i want that hand you know, the dealer is not showing a six, but a four. buffett will do what everybody else is going to do -- he's going to buy. >> buffett boosted sales in apple and southwest. we did get more evidence of an upbeat consumer. overall, the retail sales are up about 0.5. macy's did report better than expected quarterly estimates beating estimates by 19 cents. 70 cents stock is down despite that news that you talked with becky about a moment ago they did exactly what home depot did yesterday. raising on comps, eps and revenue. >> look, jeff has done a masterful job. he continues to buy back bonds, he continues to fix the balance sheet. i call that visionary because their

warren buffett speaking on trade in the last hour. take a listen. >> trade benefits the world, not just the united states or china, benefits everything, canada, mexico, you name it. we will not have as strong a world for your children or grandchildren if it's a world of lots of trade barriers. there's no question about that. david: more now with our panel. kevin, i want to go to you first. i'm wondering if the reason the market came back is because the focus on what's happening with canada and mexico is offsetting any of the bad news or worries about china. >> yeah, i think it is. an important point is that canada and mexico aren't stealing our intellectual property. that's the most important thing that distinguishes the nafta negotiations from the chinese negotiations. i think you're hearing it through all of the s&p 500 names and management who are worried about chinese dealings or intellectual property. that's the most important thing to them. that's how they are going to reinvest in their businesses and their people. it's good for

let's kick it off with warren buffett.ting more money into his favorite industries, banking and airlines. goldman sachs put it -- now holds more than 13 million shares as of june. this is valued at $2.9 billion. it could be worth more. bancorp, delta airlines, southwest higher in after-hours trading. putting more money into apple. this is interesting because he put a 5% stake in apple before the company made history, reaching the $1 trillion landmark. trillion, $50$1 billion u.s. we heard from other billionaire investors. boosted his stake in facebook, under $31 million u.s. this is before their disappointing earnings result. shares plunged. he also has his biggest holding in liberty broadband. then over here, you can see spotify and pandora. gained 15% since its april debut, and it is attention from other hedge fund managers. to the former money manager of george soros. he has a big wager on facebook. that was before we saw shares plunged. another big standout for truck and miller, putting his money druckenmiller. if you

there is warren buffett. guy: a complete switching gears.ndonesians have raised rates, surprising many. the economists we surveyed didn't suggest we would get a rate coming through. this is the reverse repo rate, 5.5%. we were at 5.2%. the market was not anticipating this. the indonesian economy has been in focus, partly related to what is going on with turkey. and as a result of which, the indonesians are taking remedial action. i will show you as the rupiah has responded to pressure. we have seen the authorities taking action. joining usies-hippen from allianz global investors. other central banks around the world are watching, but they have a very different relationship with a market in turkey does. that doesn'tleader believe in the current interest rate environment. others will react differently, yeah? you are absolutely right. that the turkish lira -- leader is not defending the situation. let's pick it up on the other side of this break. other side of this break. retail. under pressure like never before. and it's connected technology t

one strategy of investing is following the moves of the big players people like warren buffett come to mind so what are these investing giants buying right now? well, christina partsinevelos is in the news room with a break down of what the billionaires are betting on and getting out of their portfolios christina? >> yeah there's a lot of hidden gems in these filings but before everybody rushes to go get a piece of paper and a pen there's two caveats i want to mention. the first one being that these filings are filed 45 days after the end of the second quarter, so the positions could have changed and then the second thing which is the most important, is that if a company has a bearish position on a stock they believe that it's going to fall within these filings they're only showing the long position, so we don't know if they're shorting any of these companies so those are just two pieces of information. let's start with george soros in his fund what is he getting into he's definitely buying more popular technology. he's seeing an increase in shares on your screen facebook, apple, twitt

twice a year for more savings and flexibility this idea by the way is not new hillary clinton warren buffett and jamie diamond have talked about this before so she must be thank you very much for the update. but how did the european stability mechanism . the eurozone crisis is or as greece prepares for the official end of its bailout program on monday but is it really over here is more. than in august well there's been. plenty of talk about an economic recovery there's not much of it to be seen here on the streets. then you make this crisis is far from over there are a lot of cuts and a lot of difficult years ahead for us to keep us in the situation hasn't improved and it won't change anytime soon. i'll call mine if it's hard we're struggling to live on. this family business has been here for forty years giving up is not an option for andrea not as jr he's changed his business successfully during the crisis from selling luxury days to cut to size foam rubber like many business people he feels burdened by taxes and demands a long term strategy from the government in order to continue and that

look back, 38-year-old warren buffett.starting up today with the principles that got you to where you have gotten, would they still apply? a lot of things have changed. have they changed the fundamentals of investing? >> no, they haven't changed at all. you try to evaluate where a business is going to be and 5, 10 or 20 years and he tried to buy it at the right price relative to valuation. you leave alone the ones he tried to understand. the principles don't change at all. buffett,at was warren ceo and chairman of berkshire hathaway speaking to bloomberg's david westin. james atheys are and nejra cehic -- christian keller. are we going to see more buying of equities to catch up to where the u.s. market is now? >> i think it given the tricky policy path we are now going to see, the first step is the most difficult psychologically for central banks. also, because these are economies with a lot of structural weakness and cyclical strength. that really does mean that if we start to take away the cyclical support, unfortunately

warren buffett is still buying stocks, saying he's in it for the long run. he is heavily -- he says the iphone is heavily underpriced. some much-needed good news for the asian session this friday. trade concerns, china coming through for august. both of those numbers, nonmanufacturing coming in at 54.2. is beyonding pmi 51.3 expectations of 51. also picking up from the previous month and, dave, we are getting a picture of mild expansion momentum in china. early indicators show that we would see that kind of steam but this could change. if the president -- the u.s. president, that is, goes ahead with additional tariffs on $250 billion worth of chinese goods. it is certainly in our conversation with president trump. he did not move to actually country that. let's take a look at how markets are reacting. we remain in mild expansionary territory for chinese pmi figures, but we are seeing potential negativity at the start of the session. futures nudging lower by about 1.5%. happening in the offshore, trading at 686. we saw a drop overnight. asd some terror concer

coming up tomorrow, we sit down with the ceo of richard hathaway warren buffett. 11:30 eastern time. ofif you missed out on any our charts, gtv is your function. this is bloomberg. ♪ this is bloomberg etf iq. taylor: you will hear our interview with jim rogers. assets skyrocket for one canada's etf.

as economic freedom grows, more and more people will go to work and feel like lebron james or warren buffettor lindsay talking him. showcasing their unique skills and intelligence. >> what is your career path? >> i worked out wall street. i enjoyed it, but i looked around on the trading floor and thought these people love what they do. i didn't like it. i thought i can't win. what always interested me was economic calls and writing about economic calls. thank goodness goldman sachs laid me off. i am one of the many stories of people who were fired and that is what led to where i was. it forced me to rethink about what i was doing. i was always passionate about economic policy. overnight i became a policy writer and started putting out books. i raise the money for nonprofits. raising the money so that i could read and write at night and on weekends. i used to think i was lazy. i wasn't lazy, i was just doing the wrong job. it's nothing for me to work all weekend. it's nothing for me to work from dawn until dusk every single day writing books. as the book makes clear, i am telling my story. de

economic freedom gross, more and more people will good to work and feel like lebron james or warren buffett or lindsey buckingham of fleetwood mac. work to be where they show case their unique skills and intelligence. >> host: how did you get there? what's your career path. >> guest: i worked on wall street and i enjoyed it. but i looked around at the people on at the trading floor, goldman sachs, and i thought these people love what they do. i merely like it. thought i can't win. and so what always interested me was economic policy and writing about economic policy. and so thank goodness, goldman sachs laid me off. one of the many stories of people who were fired and that's led to where i was because force node rethink but what it was doing and i was always passionate about economic policy. so it's not a like overnight i became policy writer and start erred putting out books. took a job as a fundraiser to raise in the money, working for a nonprofit to raise the money to pay the bills so that i can read and write at night and on weekends, and so now i get -- i used to thick was lazy. i wasn

earlier this year, warren buffett said that the financial payments industry is a huge deal around theare welcome to reinvent the industry. myanmar, philippines and bangladesh arejust industry. myanmar, philippines and bangladesh are just three of the top ten countries around the world but most affected by frequent extreme weather events. with an additional 3- 40 weather events. with an additional 3— 40 million people expected to live in asia by 2025, the need for sustainable infrastructure has become critical. those are the latest findings from the asia infrastructure investment bank, the china led lender has extended an invitation into the private sector and government to explore sustainable building products. i asked the vice president if these investors were sceptical of the bank ties to the chinese government. we have 87 member countries, we don't follow the ideas of any one country, all of those lenders work together to establish policies which it established that we operate to high standards. we must fund projects that are economically sustainable. we have high environmental and

. >>> tune in later when becky quick will be sitting down with warren buffett catch that interview first on cnbc at 11:00 a.m. eastern time. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> welcome back to "street signs. president trump has doubled down on criticism of some of the biggest tech names he slammed google, facebook and twitter saying they are biased against conservatives. trump posted a video on twitter showing google's barack obama's state of the union speech on its home page but failing to do so for his own speeches he tweeted it with th the #stopthebias. >>> tech executives will head to capitol hill next week to testify in front of

deutsche hathaway has added to its clothings in two warren buffett's favorite sectors.and southwest last quarter, part of a strategy to shift the portfolio. berkshire quit long-term holdings, including ibm on moving it to apple and other companies. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm paul allen. this is bloomberg. ♪ . rishaad: indonesian trade data. we also have the central polynesian --the the central bank decision. sector, we have 188 stocks among gainers. careve energy and health leaving today. more gains for indonesian stocks as personal spending and all it takes are seen as improving. taking a look at the rupiah, extending losses since -- to a not to over 2015 low. perhaps the currency, which has been unable to stabilize so far, the currency is down 7.8% year to date. we also had indonesia having to curb n consumer price to defend the currency. in the wake of that, we have reports saying that retailers and builders are risk on the back of the potential deal. i: le

that is the part that warren buffett wouldn't like.rious sense, it would be a huge cultural challenge for apple, which takes these things very seriously. they have never bought a company of that size and scope and problems with so many people who aren't trained in the apple culture. that is why i don't think it will happen. why it would be a terrible move if they did, as buffett said. neil: you know, when you look at the mystique of apple, as an investment, i'm wondering what your thoughts are. now it is plugged, that is for those -- as you're buying a technology mutual fund. even retail mutual fund. it is much more than any part. it is sum of all those parts, all of that process. certainly has earnings and revenues, to support its case. so it is not like, you know what was going on, in early 2000 before everything exploded. is it your sense that, apple executives are worried? that the run-up has come, particularly fast? and that the markets are going to punish it for even the slightest detail? >> well. , the funny thing even as the wo

so they're a share shrinker, and you've got the support from somebody like warren buffett who doesn't look like he's hit it so hard >> the other is a company himself with with a limitless amount to buy stock. >> how about the fact when you look at the service numbers, we talk about the growth of the numbers. this was another record. not only are they growing, but they continue to set records each and every time they come in, scott and report these numbers. you look at the wear bables and services, but 300 million subscribers as well. that's a real number >> paid people, by the way this isn't just daus and maus we talk about >> this is a company that ratchets up every year, so it's a huge buyback story and they're hiring and billing not only software products, but physical locations, you've got that happening isn't it a a wonderful thing if they do hate trillion and we won't near the real share count, but apple is the first company that goes to a trillion. who else should it be? i would rather it be apple than amazon the most enormously profitable business in the history of human endea

warren buffett meantime upping his stake in apple by another 5% all these 13s got lost in the tape today hey, carl lost no more berkshire hath wii waway contino build it position in apple an warren buffett has a stake of about 5% of the now trillion dollar company berkshire boosting its stake in teva to hold 6 million shares and firm did some trading around the quarter. berkshire's ownership of goldman jumped 21% and added to its position in bank of moelon and bank corp. in airlines, berkshire sold some of united and delta. each boosted by almost 19% earlier, they put out a a statement urging investors not to read too much into the trading during the quarter the firm said it wishes to avoid owning 10% or more of an intes vest tees shares and says many are repurchasing shares the firm said it's not necessarily their view on the relative attractiveness between these holdings you know, just one of those kind of portfolio management strategies, guys >> thank you back at hq coming up tonight, do not miss jim cramer's interview with elizabeth warren on mad money. they'll discuss the new bill w

retail sales are on the rise and warren buffett is buying up a bunch of apple stock.now is kcbs radio's financial reporter jason brooks. >> reporter: good morning. warren buffett likes a sure thing and there are fewer surer things than apple stock. its market value recently topped $1 trillion, first u.s. company to do that. buffet's berkshire hathaway has bought another 12.4 million shares lifting their holdings to 252 million to more than $5.2 billion. buffett has called apple and unbelievable company. retailers doing very well this summer. the commerce department says retail sales in july were up .5% than the month before up 6.4% over the past 12 months, clothing chains, restaurants and department stores big winners. there were sales declines for furniture and sporting goods. but given that retail sales and consumer spending is about two-thirds of the u.s. economy, certainly bodes well for gdp growth at the start of the second half. stock market today is under pressure from ongoing trade wars. dow down over 170 in the early going, nasdaq down 56, s&p down 19. back t

berkshire hathaway has added to its holdings in two of warren buffett's a favorite sectors, widening bets on banking and aviation. that is as part of a strategy to shift its $180 billion portfolio. berkshire has quit some long-term holdings, including ibm, while moving into apple and other companies. global news 24 hours a day on twitter,t tictoc on powered by more than 2700 journalists and analysts. i am jessica summers. this is bloomberg. yvonne: a spat between the u.s. and turkey escalated tuesday when turkish president erdogan vowed to boycott iphones and other american electronics. -- hisfinance minister finance minister accused the u.s. of waging an attack on turkey's economy. a series of speeches defined the conversation around turkey in the last few hours, starting with president erdogan. he said that turkey has come under a coordinated attack, and he would do everything in its power to defend itself. as a result, he added they would .e boycotting american products that shows you how the broad conversation escalated, and we will have to wait and see whether the united states

warren buffett. this is bloomberg. ♪ david: this is "bloomberg markets: balance of power."e for the stock of the hour, shares rising and now the highest they been since 2006 after the company announced a new graphics card yesterday. it will be available in the fourth quarter. taylor riggs has more on amd. >> the highest since september 26th. on its seventh straight gain. and this all comes after yesterday they announced a duel visualization chip, graphics card. they said it can power some of the most demanding visualization workloads, so that had analysts and investors cheering today. and it is all about future growth, as you know. we have a pie chart showing what the overall chip market expects in terms of data visualization. we are both having some trouble. david: well done. >> that market could go to about $5 billion and amd wants to pick up about $8 billion in that market, said that is the second-largest by revenue in terms of some of the chipmakers. so, amd doing very well bid david: do they -- very well. david: so do they specialize in this? >> it is one of the things

i'm not sure what you are talking about warren buffett bailing who out? >> harley-davidson.e not accepted the payment back, it would have been one of the most lucrative deals he made. >> i'm unfamiliar with that. getting to the substance, this is a regulatory filing where harley-davidson talks about the fact that its business would not be sustainable. it says it's the only susta sustainable option to move this production, which is what a lot of automakers do -- they make cars in europe they sell in europe. they make cars in asia that they sell in asia. this is not the first company to do that. case in point, you sell these trump t-shirts. did you bring one with you? >> no. your producer asked me to send one. i was happy to. they forgot to mention our staple is our patch. this is made in virginia beach, virginia. we sell t-shirts made in america is not very affordable for the bikers. >> that's an interesting point. so people know the pictures we're showing you on the side sell trump t-shirts, bike foers trump. they are made this haiti. the reason you make them in haiti becaus

the united states, as warren buffett famously said, always comes back from them. liz: byron, thank you very much for coming in. we really love having you here. >> nice to be here. liz: so half the tank left in the sports car, would you say? quarter? >> i don't think it's the eighth or ninth inning. it's probably the fifth or sixth. liz: good to see you. thank you. so we mix the auto and baseball analogies but when byron speaks, everybody when it comes to investing listens, including our floor show traders. i see your ears to the monitor. teddy, you start. what do you make of what byron just said? reporter: well, i would agree with him 100% about '73-74 because clearly i was here. the dow in november of '74 was 570. now we are 25,700, thereabouts. as far as i'm concerned, we have been in a bull market for 44 years. and i might add, mentioned 1980 and '82, it took 12 years for the dow to get to 1,000. it finally got through in '82. it then went on an 18-year tear, including the crash of '87, down 22% in one day. the market went up ten times, including the crash of '

and later in the week, we will be joined by legendary investor warren buffett. week on 4:30 p.m. u.k. time. this is bloomberg. ♪ anna: this is bloomberg daybreak: europe. let's get a bloomberg business flash. toyota has confirmed it is expanding its alliance with uber. at 72 billions it and both see toyota making minivans equipped with uber's self driving technology. musk's two week ago private have shed a progress on the model three. it may have exceeded the target of 5000 week for much of his month. estimates from the tool can vary but tesla may have topped at 6000 cars a week for late august area that is your bloomberg business flash. the asian stock market extending gains after the u.s. equity market climbed to fresh record highs. the dollar has recovered and the yen has slipped. where are the opportunities in the market? take you straight to the s&p, flirting dangerously with 2900, new records and the nasdaq. the data is rolling over, i put surprises formic the u.s. versus global economic surprises. do you want to join in the record rally? ashok: the torren

we will be jointly of by -- joined by warren buffett thursday at 4:30 p.m. u.k. time. a conversation you do not want to miss. european futures are firming into the open. it will be interesting to see how volume picks up. the market open is next. this is bloomberg. ♪ the minutes to go until start of cash trade. volume is sure to pick up. yesterday was a big day for the u.s. markets. let us run your around the assets to show you what is going on. the chinese markets had a reasonably ok session considering we are up by 0.2%. drifting sideways. the s&p, it was the u.s. markets that were the big standout story yesterday. you sell records again for the s&p. a solid session. futures are mildly positive this morning. europe is also mildly positive this morning. we have been picking up a little bit. london does return. yesterday was a light volume day. we will get a better gauge of how european investors feeling. london is likely to outperform from the outset. these are the numbers. this is how europe is opening this tuesday morning. we are expecting a positive session. market

will be sitting down with warren buffett. catch that interview first on cnbc at 1:1:00 a.m.hursday. >>> shares in atlantia are lower after the italian deputy prime minister said that nationalization is "the only solution to fix the country's motorway system in the wake of that awful genoa bridge collapse." separately italy's transport minister said it would reject the company's plans responsible for rebuilding the bridge. the board of the toll road operator, autostrade is set to meet again on friday to prepare a document defending its investments in the italian motorway network >>> luigi dimaio said the company may breach it's 3% deficit next year. he said the public deficit would exceed the eu level if the government keeps spending promises made during the election campaign this year. if you look at the italian bonds on the news of this, they have hit a ten-year high. significant amount of movement there on the ten-year and the 30-year there. >>> peter shaffrick is still with us. i want to ask you about italy. when we have the election campaign, when we heard from five star