it was 190 percent so the valuations obviously bubble according to something that worked for warren buffett for 40 years now but that but it doesn't make sense anymore because he you know he was in a day in age when bob and bond vigilantes and gold vigilantes had power when there was something like a link to some sort of value whether it was the economic productivity or gold standard but now we don't have any of that so you just have to play the play you have to play are you going to be one of the team that's rescued if you create enough debt and enough disaster you're going to be rescued if you're just go back you don't us with $3000.00 in debt and 0 cash you're not going to be rescued so that's that it's just it's just have a sick game essentially it's been game if i had too much luck we saw this in greece . greece it was determined by this has been well documented goldman sachs to engineer the false inclusion of greece in the euro to begin with by creating false contracts to high debt yes yes then the troika which is e.c.b. european commission i.m.f. got together to systematically destro

david: warren buffett still uses that old flip phone.im: i told him that i'll personally come out to omaha to do tech support for him. david: you exposed your own personal life a bit. tim: i thought, "i'm making the wrong call." david: why was it called the apple watch and not the iwatch? tim: i kind of like the apple watch. what do you think? david: well, you're the ceo, so... [laughter] woman: would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪ i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? [cheering and applause] david: that's quite a reception you got here. tim: i thought it was for you. david: no, it's for you. so, when you were a graduate student here, did you get this kind of reception? tim: i don't recall. [laughter] david

$158.00 wind turbines are generating clean energy now pacific orifice owned by no other than warren buffett his holding company berkshire hathaway plans to invest a total of $6000000000.00 into wind and solar in wyoming that sounds good but there's a problem clean energy doesn't generate enough new jobs and state tax revenue to offset the combined losses suffered from the declining fossil fuel industry. the real challenge in the state is trying to find him replacement activity people to make a living. and finding ones that they want to do i mean it has to match with your culture and your identity and so that stuff. people here always identified with coal oil gas and ranching rand is a 4th generation cattle rancher for many years he tried to make it by just being a rancher not anymore he's now old so the wind. today 15 when turbines on his property generated power for the grid and needed extra income for rick this changes benefited our family greatly this change is given us a steady revenue it's allowed us to be. part of the bigger picture with the war on coal and not knowing where fossil fu

what used to be the glen rock coal mine sports 158 wind turbines generating clean energy now warren buffett's holding company berkshire hathaway owns pacific corp it plans to invest a total of $6000000000.00 in wind and solar and while that sounds good but there is a problem clean energy doesn't generate enough new jobs and they tax revenue to offset the combined losses suffered by the declining fossil fuel industry back in july that the city is betting on technology and new research that will allow coal to become better carbon capture new coal products and hopefully a good working relationship with the incoming by the administration for the mayor this will make them when there's. any give me the option because we are looking forward we have already been working with your part. vanity and if you take president like biden at his word i mean he just wants us all to work together so i take comfort in that because that's what i want to do. seems like it's not all gloom and doom for wyoming embracing change will be key. thanks for watching episodes of. their. us currency. 1720 imprisoned in pakist

warren buffett's holding company berkshire hathaway owns pacificorp.plans to invest a total of $6 billion in wind and solar in wyoming. there's a problem. clean energy does not generate enough jobs to offset the combined losses suffered by the declining fossil fuel industry. in gillette, the city is betting on technology and research that will allow coal to become better. carbon capture and hopefully a good working relationship with the biden administration. for the mayor, this will make them -- >> winners. we are looking forward. we have already been working with the department of energy, and if you take biden at his word, he wants us all to work together. i take comfort in that because that is what we want to do. >> it seems like it is not all gloom and doom for wyoming, embracing change will be key. brent: the european union has told astrazeneca that it must deliver more doses of its covid-19 vaccine. brussels has publicly expressed its frustration after the company announced delays to delivery, blamed on lower-than-expected production at its eu fac

i don't think warren buffett is going to be tweeting about gamestop anytime soon.n terms of billionaires who tweet, we might be reaching the limits. caroline: meanwhile, let's dig on -- dig in on what is happening with president biden, how they are tackling covid vaccines as well. will discuss the rollout with our health reporter. we've already got the headlines that have rolled out in terms of doubling down on buying the vaccine from dharna m -- fromoderna. is this going to be enough to get into arms quickly enough? here is president biden. >> to dad like to update you on where we are. -- today i would like to update you. tomorrow we are going to begin briefings that will occur on a regular basis. we are bringing back the pros to talk about covid in an unvarnished way, any questions you have, that's how we will handle them. we will let the science speak. i would like to update you on the aggressive steps we are taking to meet our goal of administering 100 million covid-19 vaccine shots within 100 days. and to ramp up the vaccine supply as fast as we can. this will

$158.00 when turbines are generating clean energy now pacific orifice owned by no other than warren buffett his holding company berkshire hathaway plans to invest a total of $6000000000.00 into wind and solar in wyoming that sounds good but there's a problem clean energy doesn't generate enough new jobs and state tax revenue to offset the combined losses suffered from the declining fossil fuel industry. the real challenge in the state is trying to find him replacement activity people to make a living. and finding ones that they want to do i mean it has to match with your culture and your identity so that's tough. people here always identified with coal oil gas and ranching rick rand is a 4th generation cattle rancher for many years he tried to make it by just being a rancher not anymore he's not old so. today 15 when turbines on his property generate power for the grid and needed extra income for rick this changes benefited our family greatly this change is given us a steady revenue it's allowed us to be. part of the bigger picture with the war on coal and not knowing where fossil fuels and

$158.00 wind turbines are generating clean energy now pacific orifice owned by no other than warren buffett his holding company berkshire hathaway plans to invest a total of $6000000000.00 into wind and solar in wyoming that sounds good but there's a problem clean energy doesn't generate enough new jobs and state tax revenue to offset the combined losses suffered from the declining fossil fuel industry. the real challenge in the state is trying to find replacement activity that people can make a living at. and finding ones that they want to do i mean it has to match with your culture and your identity and so that stuff. people here always identified with coal oil gas and ranching rick grant is a 4th generation cattle rancher for many years he tried to make it by just being a rancher not anymore he's not old so. today 15 winter bites on his property generating power for the grits and needed extra income for rick this changes benefited our family greatly this change is given us a steady revenue it's allowed us to be. part of the bigger picture with the war on coal and not knowing where fossil

what used to be the glen rock coal mine sports 158 wind turbines generating clean energy now warren buffett's holding company berkshire hathaway owns pacific corp it plans to invest a total of $6000000000.00 in wind and solar that sounds good but there's a problem clean energy doesn't generate enough new jobs and they tax revenue to offset the combined lost. suffered by the declining fossil fuel industry beckons left the city is betting on technology and new research that will allow coal to become better carbon capture new coal products and hopefully a good working relationship with the by the administration for the mayor this will make them when there's you me if you're going to give me the option because we are looking forward we have already been working with the department of energy and if you take biden at his word i mean he just wants us all to work together so i take comfort in that because that's what i we want to do. seems like it's not all gloom and doom for wyoming and bracing change will be key. let's take a look now at some of the stories making headlines around the world. russia

what used to be the glen rock coal mine sports 158 wind turbines generating clean energy now warren buffett's holding company berkshire hathaway owns pacific corp it plans to invest a total of $6000000000.00 in wind and solar and while that sounds good but there's a problem clean energy doesn't generate enough new jobs and they tax revenue to offset the combined losses suffered by the declining fossil fuel industry beckons let the city is betting on technology and new research that will allow coal to become better carbon capture new coal products and hopefully a good working relationship with the incoming by the administration for the mayor this will make them when there's. me if you can give me the option because we are looking forward we have already been working with department. anarchy and if you take a president like biden at his word i mean he just wants us all to work together so i take comfort in that because that's what i we want to do. seems like it's not all gloom and doom for wyoming embracing change will be key. i and germany the lockdown has been extended until february the 14th

david: warren buffett still uses that old flip phone.im: i told him that i'll personally come out to omaha to do tech support for him.

what used to be the glen rock coal mine sports 158 wind turbines generating clean energy now warren buffett's holding company berkshire hathaway owns pacific corp it plans to invest a total of $6000000000.00 in wind and solar that's. good but there's a problem clean energy doesn't generate enough new jobs since they tax revenue to offset the combined losses suffered by the declining fossil fuel industry beckons let the city is betting on technology and new research that will allow coal to become better carbon capture new coal products and hopefully a good working relationship with the by the administration for the mayor this will make them when you meet me if you can give me the option because we are looking forward we have already been working with department of energy and if you take biden at his word i mean he just want to solve to work together so i take comfort in map because that's what i we want to do. seems like it's not all gloom and doom from wyoming embracing change will be keep. the european union has told the drug maker astra zeneca that it must deliver more doses of its coated $

richest than to the further quite a few rich people think that to me i mean there are gates and warren buffett who are also among the richest in the world have said that they think they don't pay enough tax. you know it be great to see other billionaires say that but the key ounces of this is back to taxation of the super rich to kind of rank sure those resources occurring where they need to guy rather than just give the run of a 1000000000 that they couldn't spend in a 1000 times even if they wanted to yeah it may not be democratically accountable but you mentioned bill gates at the forefront all of being involved in vaccination and coronavirus but i suppose then the implication is there's been a power shift. joining coronavirus in terms of how policy can be created regarding corona virus and perhaps future pandemics let alone what happens after the pandemic yes i mean it's great what bill gates doesn't the contribution rights the global how can these fights oh but you know he is not accountable to anybody and really these kinds of be nice to be led by the united nations that should be adequa

release saying that jamie dimon and warren buffett were getting together to revolutionize health carer words. i think this is not what folks would have assumed if you look at those companies getting together to lower health care cost. what did haven actually accomplish? that they piloted a bunch of experiments. a lot of stuff didn't make it outside its walls. did toominent thing they get across the finish line was experimental benefit plans. kind of shifting the cost equation or at least trying to make it more transparent. at allere rolled out three companies. not on a super widespread basis, but -- emily: amazon has independently continued to move in on the online prescription market. what does this say about their general ambitions in the health care space? are there more limitations ahead? >> it certainly highlights the challenge that companies like amazon face. anybody in tech who says they are going to figure out a new way to deliver health care. certainly amazon's ambitions have grown. they've launched online pharmacy. they've started telehealth services for their employees. for

$158.00 when turbines are generating clean energy now pacific orifice owned by no other than warren buffett his holding company berkshire hathaway plans to invest a total of $6000000000.00 into wind and solar in wyoming that sounds good but there's a problem clean energy doesn't generate enough new jobs and state tax revenue to offset the combined losses suffered from the declining fossil fuel industry. the real challenge in the state is trying to find him replacement activity people can make a living. and finding ones that they want to do i mean it has to match with your culture and your identity and so that stuff. people here identify with coal oil gas and ranching rent is a 4th generation cattle rancher for many years he tried to make it by just being a rancher not anymore he's now also a wind. today 15 when turbines on his property generate power for the grid and needed extra income for rick this changes benefited our family greatly this change is given us a steady. revenue it's allowed us to be part of the bigger picture with the war on coal and not knowing where fossil fuels and what

$158.00 when turbines are generating clean energy now pacific orifice owned by no other than warren buffett his holding company berkshire hathaway plans to invest a total of $6000000000.00 into wind and solar in wyoming that sounds good but there is a problem clean energy doesn't generate enough new jobs and state tax revenue to offset the combined losses suffered from the declining fossil fuel industry. the real challenge in the state is trying to find him replacement activity people to make a living. and finding ones that they want to do i mean it has to match with your culture and your identity and so that's tough. people here always identified with coal oil gas and ranching rent as a 4th generation cattle rancher for many years he tried to make it by just being a rancher not anymore he's not old so the wind. today 15 winter on his property generates. powerful the grit and needed extra income for rick this changes benefited our family greatly this changes given us a steady revenue it's allowed us to be part of the bigger picture with the war on coal and not knowing where fossil fuels and

he was already the richest person in asia but has now topped warren buffett on the bloomberg billionaires $13 billion have sorted this year, making him the sixth richest person on earth. they: and as we head to opening in japan and south korea come here is sophie cameroon. -- sophie kamaruddin. insole, we are watching apple suppliers and factories -- over in seoul, we are watching apple suppliers and factories. it will top 500 million in the coming fiscal year. watching skoff -- innovation skipping the supply contracts for sales this year because of demand uncertainty and softer margins for the industry. in any airline space, korean air on watch insole with a shareholders meeting taking place this morning -- in seoul with a shareholders meeting taking place this morning. up, the peterson institute economics senior fellow nicholas berti is talking to us about a wave of implications of financial software firms. this is bloomberg. ♪ >> from bloomberg world headquarters in new york, through our tv and radio audiences, i am david westin and this is special coverage of the georgia senate runoff

. >> because of his generosity, leadership, and kindness, we celebrate warren buffett, the winner oform to improve this world, and this year's winner has done that and more. ♪ >> for those too young to remember, it's hard to believe what happened back in the '80s and '90s when the hiv/aids crisis took hold. family and friends, co-workers and neighbors shunned, discarded, ignored, forgotten and left to suffer, many alone in walled off corners of hospitals. the stigma was so deep and treacherous and wrong that the ignorant called the virus the gay cancer and delayed testing and treatment for years. but in 1992, he decided to use his standing as an artist to save lives and launched the elton john aids foundation. it has raised more than $450 million supporting programs around the world that improve testing, treatment, and ending the stigma. may we never forget that his work, his art is why countless can still do theirs and bring more light and love to this world. here to present the prize for artist of the year to sir elton john is miley cyrus. >> elton, thank you so much for allowing m

if we learned things from warren buffett about investing, one thing that we look at is the warren buffett indicator. that is the total market cap to gdp. that is off the charts highs. almost two times. that is higher than it was during the dot-com bubble. when you add in political to current valuations what is going on with the fed, all of the signs like jonathan said, are pointing to there is too much good news baked into this market and anything that is negative could be that last thing that breaks the camel's back so to speak. david: let me try to end on a positive note. jonathan, if you judge anything by gdp right now, you're going to come up short. the reason is that gdp has been so devastated by these lockdowns. but that is going to turn around with the vaccines, is it not? won't there be, if not, justification for the run-up we have, at least we will find a settling point on these markets that will be buoyed by what happens with the, with the return to normalcy in the economies around the world? >> david, you know, truly from your mouth to god's ear and thankfully the scientists, t

i will say that, you know, as warren buffett said at one time, the stock market is a voting game, and in, and then it turns into a weigh machine, and unless they do something, that stock is not worth $21 billion. and i can say that confidently, and maybe they bought some huge, and maybe i could say oil reserve, because maybe it is not worth anything, but they are sitting on a gold mine and the value is there, but i don't believe that anybody believes that this company is worth 21 to $25 billion and so it is a phenomenon of a short squeeze, and people are coming into the game that have no idea the risks they are taking, and it is going to be -- and that is nothing of what is going on in the options market. there is 9 million shares that settled today in the options market on calls that people have paid, and there is big premium being paid, and all i am saying to you, brian, is that when this, the book is written on this trade, it is not going to be just the shorts that got hammered, but a lt oflot of lons that are going to lose a lot of money. >> does it call into question the robinhoo

businesses and that's exactly what this is >> i saw a quote from buffett long ago, a quote from warren buffett market were rational, i would be waiting tables how much does this present an opportunity? >> i think this is interesting and it shows the power that these new designers have in creating these applications. there's a goal in product management and user experience to identify things people can resonate with. obviously we talked about the game mechanics themselves involved in apps like robin hood it's great to bring on millennials and gen-z and the muscle memory to show people, hey, i kind of understand how to use this app the other piece is this notion that within these forums, another important component if we draw the analogy to games, when i was a kid i wanted cheat codes for games like nba jams. so you see this activity within the forums having a material impact on these stocks n. a foregone era, if it were the bud boxes of the world sitting around in some private club smoking cigars and drinking their scott ch and doing this t s.e.c. would launch an investigation. however this is

warren buffett's hathaway as well as chase, they said the company called haven would allow workers tole cost. they will cease by the end of next month. no reason was gwynn, but amazon says they will continue to work on healthcare independently. big problems for slack on this first full workday of 2021, people had trouble loading channels or connecting to slack this morning. slack is used by millions across the country. slack is investigating the outage. the problem has since been fixed. >>> the national weather service has issued a avalanche warning and winter weather advisory for much of the sierra. snow made for dangerous weather conditions along i-80, 12 inches is expected and wind gusts up to 60 miles per hour. the winter advisory will remain until 10:00 tonight. as always, a good idea to check for chain controls before you leave. bill martin with more on the weather. >> yeah, in response to the rain they have been getting in the low levels and higher levels a kind of sleet. that fresh know when it cools falls on top of that and creates a slip strike area where the snow will slide

for years has been bill mill irv miller value partners and in his latest newsletters he wrote warren buffett famously called bitcoin rat poison he may well be right, it could be rat poison but the rat could be cash. joining me now is bill miller, he's the chairman and chief executive officer at miller value partners bill, great to have you back welcome. >> thanks, kelly nice to be back. >> i in some ways think you kicked off this whole thing in early november had you were on this program we talked about a number of different things that day. i asked you about bitcoin because i know you've been a pull on it for some time and at the end of the interview when bitcoin was just under $15,000, i said to you of all the things that we've discussed what are you excited the most about, it is there technology that you're most excited about you said you're most excited about bitcoin. are you as excited with it at 41,000 as you were when it was under 15 >> oh, absolutely. one of the things that's interesting about bitcoin is that it gets less risky the higher it goes so that's the opposite what have happ

he is considered the warren buffett of bonds. he has another month at the helm of the $1.9 billion loomis sayles bond fund. after which he will remain a vice chairman and set on the board of directors. with a new administration and expectations picking up, it is crucial to get his thoughts. thank you for joining us. i don't know if you had a chance to listen to what brian deese had to say, but a lot has been telegraphed already. what you think about another chunk of money and what it will do to rights? -- two rates? dan: we are engaged here in the u.s., and i think canada is joining us. my references financing done for world war ii. that might seem strange to people, but a lot of it was the risk to the economy, to the society was an overwhelming risk. we obviously had to finance or -- the war build up. we also had to say, all right, our central bank has to go along with this. because we have an overwhelming risk. that is what happened. you had a between the treasury and -- accord between the treasury and the fed. that went on and

used to be the glen rock coal mine sports $158.00 wind turbines generating clean energy now warren buffett's holding company berkshire hathaway owns pacific corp it plans to invest a total of 6000000000 dollars in wind and solar that sounds good but there is a problem clean energy doesn't generate enough new jobs and they tax revenue to offset the combined losses suffered by the declining fossil fuel industry back in select the city is betting on technology and new research that will allow coal to become better carbon capture new coal products and hopefully a good working relationship with the incoming by the administration for the mayor this will make them when are you. going to give me the option because we are looking forward we have already been working with department of energy and if you take the president like biden at his word i mean he just wants us all to work together so i take comfort in that because that's what i we want to do. seems like it's not all gloom and doom for wyoming embracing change will be key. time now for a look at some of the other business stories making news. a

it's not that they're being thoughtful investors like warren buffett or other institutional investors>> i heard that you feel hedge funds urged robinhood to stop trading, despite the ceo of robinhood said they did not do this at the direction of any market maker, and i quote. >> i think there are questions that are unanswered. one, did hedge funds tell the clearinghouses to stop having the trade? so, as you know, robinhood works with the clearinghouses. the clearinghouses stopped executing the trades. so what we don't know is did the hedge funds coordinate with the clearinghouses. second, the ceo is using legalese. he says they did not have the direction of any of the hedge funds but were there any conversations? was there any consideration of what the hedge funds would think? the robinhood makes its money by giving data to hedge funds. was that part of the deliberation? so there are a lot of unanswered questions. but what the whole -- what we do know is that the rules are tilted towards the hedge funds and that the retail investors were the ones at the short end of the stick. >> so i

used to be the glen rock coal mine sports $158.00 wind turbines generating clean energy now warren buffett's holding company berkshire hathaway owns pacific corp it plans to invest a total of 6000000000 dollars in wind and solar that sounds good but there is a problem clean energy doesn't generate enough new jobs and they tax revenue to offset the combined losses suffered by the declining fossil fuel industry back in select the cities betting on technology and new research that will allow coal to become better carbon capture new coal products and hopefully a good working relationship with the incoming by the administration for the mayor this will make them when there's. me if you can give me the option because we are looking forward we have already been working with department of energy and if you take the president like biden at his word i mean he just wants us all to work together so i take comfort in that because that's what i we want to do. seems like it's not all gloom and doom for wyoming embracing change will be key. time now for a look at some of the other business stories making new

he was already the richest person in asia, worth more than warren buffett billionaires list, and theisen 18% so far. says box office demand is thriving in asia as movie theaters continue to struggle. sought, richard gelfond, december ticket sales jumping. when he expects things to pick up elsewhere. richard: business is very strong in asia, especially china, japan, although korea, taiwan, and others have been ok. they have basically been open since september, and the ounce back has been very good there. you hear narratives in the u.s., "our movies coming back?" "what is going to happen?" our december and new year's weekend was a record. japan, we had our biggest grossing movie ever. that part is going very well. in north america and europe, as you know, things are going slower, but the vaccine is on the way, and hopefully shortly after the vaccine hits a certain critical mass, the theaters will reopen, and people will come. what was it that was the highest grossing movie ever, and was it a western movie or a chinese movie? and if it is a chinese movie, is that trend going to continue

i don't care who you are i don't care if uyou are warren buffett, or jeff -- i just hope that it is not that we lost a couple million dollars here, we better shut this down. >> i think it was that all three of the companies were kind of doing some of their own things >> a neat story. >> and it is a tapeworm that is really tough to shut down when you are talking about more than 17% of gchltsdp versus 5% in 190 jam jamie dimon, warren buffett, jeff bezezos saying we can't fix this problem >> yeah, it was going to be our problems are over. >> i talked to some people about this on the phone yesterday to try to understand what happened. and i think becky is right, i don't think that it was that they thshut it down entirely. i think that in many ways it was designed -- i don't want to say it was designed to fail, but it was designed in a challenging way which was that the big lesson of this was insurance is local. health systems are local and trying to do it on a national basis with employees in all different types of localities with all kinds of differe different systems may be too hard i th

has overtaken man warren as the sixth wealthiest person -- orientate -- overtaken warren buffett as the on the planet. -- sixth wealthiest person on the planet. he has gained over $13 billion since the start of the year. ceos of the u.k. biggest companies learn more than 34 hours a week than the media worker will earn in all of 2021. today, the gap is about 120 times higher between worker and executive pay. onlyin the 1920's, it was 20 times higher. -- back in the --, it was only 20 times higher. matt: credit suisse says it's lgbtq inclusive stock basket has outperformed. the bank's analysts found that revenue growth and returns are stronger at firms which embrace diversity. joining us now is eugene klerk, credit suisse global head of the esg research. how much of this is simply about embracing diversity? i mean, if you want to sell more stuff to more people, it's good to get all different kinds on board, isn't it? eugene: good morning, met. the first -- matt. the first thing to say is that betweenfficult to prove a more diverse company and outperformance. we believe the relevance of di

one of the indicators we turn to is warren buffett syndicator.ll market capitalization of the stock market over gross national product. from that level, we are at well above overextended levels. this is not an absolute morning light so as to be negative on the s&p. it is a relative warning light. we prefer china, europe, u.k. to the u.s.. anna: thanks so much. interesting talk. thank you very much for joining us. let's tell you what's coming up on the program. is the stay-at-home economy here to stay? we speak to somebody who knows. bob van dijk. this is bloomberg. ♪ anna: welcome back to the european market open, minutes away, a half-hour away from the start of the european equity session. futures pointing nowhere in the u.s., fairly flat. european futures have to catch up with some losses. nasdaq futures actually pointing to the upside. laura: hsbc is defending itself against accusations that it is a tool of the chinese authority. speaking to u.k. lawmakers, they say the bank had no option but to close the account of annex hong kong lawmaker, s

if i'm not mistaken, i saw the face of warren buffett creeping over your left shoulder.the picks you've got at the moment. they seem to be related to the housing market. what is it that appeals right now on that front aside from low interest rates? yeah, the supply is tight in united states so in 2020, we went into an era where housing had been strong. you go into lockdowns that make people think we will see the end of the world and you come out of it with this housing fervor we've never seen in the last 10 to 15 years. you would only have seen in the 1970's, 1980's were americans a great suburbia is thing and metropolitan areas are not the cup of tea they thought it was. there has been a big move in those stocks and at the same time, the remnants of what people are left with is they still don't want to be in downtown metropolitan cities, so the housing supply is tight because there has been a big move and yet we are not at any large building numbers from a historical context. we are looking at data going back about 60 years and we could double our housing -- home-buildi

the warren buffett backed company has raised $3.8 billion with share placements.ged over 100% in the last 12 months. this is byd's first stock sale since 2014. this as we see a pickup across the board. we have ev stocks climbing in japan and south korea and as clean energy stocks gained ground in asia. this amid bets on biden's policy push. shery: coming up, more big guests on bloomberg markets. we have exclusive conversations with the bnp paribas china ceo and indian minister of petroleum national gas and steel, dharmendra pradhan. plus, more on the outlook for u.s.-china ties in the biden era with china chairman greg gilligan in the next hour. the china open is next. this is bloomberg. this is bloomberg. tom: it is 9:00 a.m. in beijing and shanghai. welcome to "bloomberg markets: china open." i'm tom mackenzie. david: i'm david ingles. we are counting down to the open of trade in the chinese mainland and hong kong. . let's get to your top stories. joe biden signs executive actions on day one. his daunting to do list includes the coronavirus, a weakening u.s. eco

forget the fact that we're trading business we are looking at business let's default to what warren buffett would say. these are businesses i'm not going to buy the notion that the senate is changing the fact that salesforce, you're not going to pay as much for customers and business that's not going to happen i understand that if rates really go higher, we might have an alternative, yes, high growth stocks get whacked when rates go up big but this isn't a big move back to march what i'm saying is these exaggerated moves, again, which we saw on monday, carl, were bought by investors after they got to a certain point because the investor class is no longer just looking at sweeping strategic valuations >> how about to get a little more granular this morning, jim, msos, the u.s. canada ctf, firs solar up 7%. do you chase the areas that, again, the narrative would suggest they're going to benefit from a democratic senate in either energy, green energy, or cannabis >> well, i do think that when you get that tesla call, that morgan stanley goes to 810, i notice we didn't speak about tesla, that m

of many companies that makes evs, i don't know if anyone saw phil's tweet this morning, but warren buffett'splenty of room for ev. ev is only a small percent of the company right now. and the exxon upgrade is odd but short term the oils are a good trade longer term, they're cold. they're a fossil >> a couple of things we've not mentioned, jim, and it just gets pushed out of the way by politics and intel target, some retail numbers on holiday comps up 17. and digital up 102 jim, i know you're watching that >> yes. >> also the downgrade of pallentine and going to sell, as they take the target to 15 from 10 but that is a name where people have made cash. >> and there is a lockup expiration that will come two days before they report their q4 results which is on february 13th, i thought there was a pretty good piece talking about deceleration of growth, growth has been extraordinary, and why are people not selling it? it is one of, in david's introduced me to this, it is a dark web, so-called favorite >> yes. >> rather when reddit decided -- >> very dark out at 4:30 when people start trading this

. >> and warren buffett was in there and realized, it was right and he went to dairy queen and so attched to apple, one the greatest investments ever i should go to darry queen more of often. of course he owns dairy queen. >> the largest single owner of apple. by far. >> i'm taking my kids to darry queen. let me know you what want me to do one of great lines was financial crisis. >> ibm was tough no mincing words it was a bad quarter a lot of deals didn't close a lot of people are pulling for ibm, including me, because it is like, we want to talk about intel, a national treasure, we need to talk about ibm as a national treasure, and we really want it to work, and i don't want to cheerlead for it i think that buying redhat, and i wish jim whitehurst were on the call quite frankly because i think he is doing a pretty good job, but there is saganany saying they missed the cloud and ibm saying it is one of the largest -- >> that's the 20 year. that's pain. that's pain. >> what you are, mr. t >> yeah. the forecast calls for - >> he told you he made a good call on ibm, mr. t. he said the f

the top, not at the bottom so now i think is the time to take a page financially speaking from warren buffett be fearful when others are greedy. i see a lot of liquidity risk when the market falls, everything falls, maybe not bitcoin, but everything falls. not sexy, but i think now is the time to have cash on hand considering the moves we see in the market on the ups and downs. stuart: should trading be restricted? should it have been restricted by robin hood and others because it could happen again, i mean, if things get out of hand they could do it all over again. >> the real restrictions have been put in place by government, not robin hood, stuart. these are very volatile stocks and follow a certain percentage of government comes in and shuts down trading making them more volatile. why would someone come in and buy a stock that's going to be shut down 20% down when it's only down 15 or 16%? robin hood and a lot of broker jews restricted because they're clearing firms demand they put up more money. that's not new. we've always seen that in the futures market when trading is more volatile. u