have you talked to warren buffett about that?ll, we are all working for a shareholder so for me, we are stewards of a brand and our customers care so it was easy for us to set goals that set us on the journey to be carbon neutral and inclusive as a running brand to invite everyone in. from di to sustainability is, we have very distinct goals and we are working hard to meet them year by year so i think that's brand accountability and responsibility and we take it seriously but i think the world, there's seven and a half billion of us, who want to keep the planet healthy and from our perspective we want to include everyone in the run so i think these issues are real and i think every organization is going to deal with it but part of it reflects the fact that in this culture that burger has, they expect us to do the right things related to sustainability and inclusion and we are doing that every day best we can. liz: okay but we'll see, it is right there on your website. i printed out this page and you talk about how 22 million plas

so they're establishing that the younger generation as warren buffett said it's a wealth transfer from the young generation to the older and they do point out that it's all to do with government programs the government is intervening in australia on behalf of a certain sector of people i.e. the voters that vote the most the ones that will be happy with the price and therefore continue voting for those policies whereby you know those struggling to get on the housing ladder hopefully for the you know the politician they're working 3 or 4 jobs to save enough money to get on the housing ladder so they don't have time to go vote so you know these are the sort of this is why these schemes happen it's enough if you get enough of the voters to support your scheme then obviously you can continue to win reelection then these terms are ludicrous so it's like you have a shop on main street somewhere in america the government agents show up with baseball bats and they smash everything in the shop they steal all the inventory and they set fire to your store is your response going to be gosh i'm real

cited as warren buffett not ceo berkshire hathaway, that may be the way people go where they may notle company, they represent themselves. larry: liz peek will give you the last word. i know you and i both feel badly because robert lost his job and we would give him generous unemployment benefits, i know he wants to work. but what is your response to his generic point that the zoom ceos are heroes for weighing in on all of these issues. >> i think it depends who they're benefiting by doing that, if you take a position where the country is divided down the middle, who is not hurting, it's going to hurt your employees possibly because maybe you set your corporation up fory a boycott or a negative response from the other side, i think it's a mistake, i think there are situation where corporation need to be involved and outspoken and impact is a very good example of that. but on social policy and so forth, no, that is a mistake. larry: robert wolf, you have a job now your j fox contributor. >> were involved in 35 companies, they were pretty busy right now. >> i didn't want to continue to

i did it when warren buffett got out and i chased 'em down from 135 on down to 125, and now with the stock at 126, 127, i like again staying in these calls, laddering in these calls and collecting 3% for letting the stock sit there, if that's what it does for a month. because, judge, when you put a calculator to it, i'm double digit returns i'm creating through those call sales as well as a decent dividend i would say is extremely safe. i agree with everybody about services being huge. i think tim cook is likely too say more about how apple is going to integrate with automobiles and whether or not they're making their own or making them with mercedes-benz or hyundai or whomever it might be i think that's all, you know, upside from here and not priced in at all. but i think services and the rest will drive this story going forward. >> well, josh, multiples need to be justified now more than they have been in the last 12 months, right? 18 months. that's a fair statement, right i mean we had all of this multiple expansion on apple and all of these other names, especially out of the nasd

warren buffett has written about this at length in his recent annual letters, that phenomenon whereby berkshire's stack in apple keeps going up, so do the earnings, so does the share price. i think that can continue to happen for the next year, two years, three years, five years you just won't necessarily see the stock price get credit for that on any one day. so i think we have to lengthen, open the aperture a little wider, if you would, to view the story, it is so big. >> i understand. i hear you i'm not suggesting that i'm looking at apple in a one-day deal in any way. >> sure, i agree with you or not. >> it is just when you look at the trajectory of the stock you say, okay, they're going to do 54% revenue year over year and the stock hasn't really performed that well into the number i just didn't expect the reaction we are getting today. jenny, they had to do something right because goldman threw in the towel, finally, right? they had a sell call on apple for, i don't know, as long as i can remember at this point their price target was $83 it has to be, frankly, one of the worst s

and for the first time in over two decades, investor and business tycoon warren buffett fell out of the top five. he came in at number six. >>> disneyland release details about how to get tickets when that park reopens this month. guests will be required to have both a ticket and a reservation for the same day. starting on april 12, people who had tickets to the park during the shutdown will be able to make a reservation online. that system will open to all california residents on april 15th. the park is going to reopen april 30th. >>> it is the tale of of that helping of that . one veterinarian helping a vietnam veteran. the so-called street vet who once treated animals living with residents on skid row is now launching a fundraiser to pay for surgery for the veterans 's dog. ryan hill reports. >>he's family . >> reporter: richard lyon and his corgi mix courtney have a bond that go beyond pet and owner. >> had i not been notified, she would've been euthanized the following mortar . >> reporter: they have been on plenty of walks for six years, but richard noticed she was stopping more a

warren buffett has his money in the sperm.s like this is where there is huge potential but you are more likely to come across byo d not in cars but in buses, they are hugein in cars but in buses, they are huge in ev buses. this is xiaopeng, growing very quickly but not making any profit. they are making cars that are suspiciously like tesla and other entry—level of portable vehicles and also making this. a human —sized drone type thing. japan is bracing itself for a third round of emergency measures over the pandemic. that's after the governor of osaka, the country's third—largest city, submitted a request to call for a state of emergency. at least two other cities, including tokyo, is expected to follow suit. us drugmakerjohnson & johnson, not surprisingly, beating expectations for its first quarter earnings. it reported more than $12 billion in revenue, with $100 million coming from sales of its covid—19 vaccine alone, despite concerns of it causing rare blood clots. taiwanese contract electronics manufacturer foxconn will d

it sounds and how fraudulent it is mossad funds and games and wholesale fraud you know like warren buffett's a famous guy for making investments but he got bailed out several times because he is engaged in illicit activities so the more illicit the more fraudulent something is the greater it is the easier it is to attract capital if you have an actual business like you're a girl scout selling girl scout cookies you know you're going to get thrown into the you know the bin of a trash bin because who wants to actually engage in something that's real for somebody who's real that might have a real future but if you can throw money away a fantastical nonexistent nonsensical ponzi scheme in a heartbeat you'll do it because there's the chance that that will make a great profit and you can just invest in 20 or 30 of them one of them is going to hit and you know we've often talked about how the entire. based debt based global economy is based on the ponzi scheme nice can see it in that sort of behavior as you mention that any any company with real cost of producing their product they get really penal

sounds and how fraudulent it is most of us funds in games and wholesale fraud you know like warren buffett's a famous guy for making investments but he got bailed out several times because he is engaged in illicit activities so the more illicit the more fraudulent something is the greater it is the easier it is to attract capital if you have an actual business like you're a girl scout selling girl scout cookies you know you're going to get thrown into the you know the bin of a trash bin because who wants to actually engage in something that's real for somebody who's real that might have a real future but if you can throw money away a fantastical nonexistent nonsensical ponzi scheme in a heartbeat you'll do it because there's the chance that that will make a great profit and you can just invest in 20 or 30 of them one of them is going to hit and you know we've often talked about how the entire. beast debt based global economy is based on a ponzi scheme nice can see it in that sort of behavior as you mention that any any company with real cost of producing their product they get really penaliz

. >> we need to have the dams grew cloud louder, even warren buffett became a target because his berkshireings include pacificorp, the dam's owner, and in 2020 facing a license renewal to operate the dams under increased regulation, pacificorp later agreed to pay $200 million to remove the dam. i take it for the power company, it is just not worth it. >> to try to mitigate for all these impacts, it would be so expensive. >> reporter: for the tribe, it was a victory more than a century in the making. >> we're looking at restoration of salmon. and restoration of our culture. >> reporter: professor kondolf points to other dam removal projects. this one in washington state where the fish came back within a few years. >> there has been a lot of research about the importance of the salmon coming up, bringing all the nutrients from the ocean and providing the base of the food chain in these small streams where they spawn. >> reporter: for klamath homeowners, part of the 250 million dollars the state of california is contributing will compensate them it is a price that california was willing to pa

like barack obama with his unique style of speaking what greater expression is not as good as warren buffettudiobook of the year is kevin hart. why am i yelling? and also marissa told may. you just guilty with that we have lawrence fishburn and mindy kaylee kevin bacon and alicia keys. jennifer garner, one of the luckiest man in america. also run dmc nominated in the same category as a televangelist. ♪♪ and then to be like if not only given you everything that you need. to about the award but when it comes to bars and now is my honor to give the first award for nonfiction and the finalist are >> the winner is. [applause] congratulations. i will be back later right now up next is the emmy award-winning author. [applause] still thank you john. it is great to be here. one of my former life that was a data entry clerk listening to audiobooks was the only thing keeping me alive. up next we have history and biography. >> this years audie for history and biography goes to. >> his truth is marching on. [applause] >> congratulations. next up his autobiography mmr which is supposed to be fact that som

warren buffett, amazon, and blackrock are the hundreds of companies uniting to oppose limits on votingaccording to the new york times, they signed on a letter denouncing what they call any discriminatory legislation making it harder for people to vote. republicans have been trying to enact new election rules in almost every state. now its members of president biden's own parties threatening to stall his agenda. 17 new york democrats in congress say that any economic recovery bills funded by tax increases will also need to fully restore the state and local tax reduction known assault which was removed during the trump. it's valuable for residents in high stack -- high tax states like new york and california. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. >> this is bloomberg markets, i am matt miller. we are awaiting the first trade of coinbase shares on the nasdaq. we are trying to make a market. coinbase is set to open at $382 per share. though that indi

this year especially we are from warren buffett. his letter was criticized is tone deaf. optimism. different things in the economy and government some of those concerns. optimism, he really does have the optimism about the economy booming into 2023. tom: he reaffirms it will build the palace and that they will build offices but boy does he have some comments. it's a standard joke here, i've never been on zoom and i feel privileged i've never been on zoom. here he is talking about what he and his team have learned about all this modern office architecture in the digital world. most professionals learn through an apprenticeship model. this could genetically undermine character. remote work virtually eliminates spontaneous learning and creativity. it is about the coffee machine is ended. >> it absolutely is a he says zoom a limited set follow-up. he is pretty specific. he says maybe 10% of people can be permanently working from home what most people, people working in the and many others will probably be coming to work permanently. >> there's also a question about the political tone a

warren buffett signed individually and so is did samuel j. jackson and amy schumer. a slew of well-known law firms also lent their support. there were major interests that didn't sign, walmart, j.p. morgan chase and coca-cola among them. a letter was sent to the ceos the company is not in the business of business applications and two weeks ago, senate minority leader mitchell mcconnell said corporations should not be intimidated by the left and should stay out of politics. he noted his comments did not apply to political contributions. others have questioned whether the ceos have read the georgia bill. in similar fashion i asked those critical of corporate community have read the ad. "the times" reported that some participants wanted this line out that shanall and frazier insisted it remain. here is how it reads. i'd sign that. who wouldn't? but, then again, i'm one who also believes the georgia law has, in part, been m mischaracterized. i had a telephone call in mile program on thursday. chris from nashville identified himself as a former board member for one much b

warren buffett of amazon and blackrock are among the hundreds of companies and executives uniting toppose [indiscernible] they signed on to denouncing any discriminatory legislation, making it harder for people to vote. public debt or publicans have been trying to elect new republican gordon -- new voting rules in almost every state. we have seen the giant container ship that blocked the suez canal last month, authority seeking more than $900 million in compensation for third-party losses the you kp and i club says a claims and damages. 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. alix: thank you so much, riddick up. as we are looking at the vaccine versus variant rate, the question becomes when do economies reopen? belgium is going to ban leisure travel abroad. that expires april 19. you can then travel abroad, and opening up a little bit on april 26. they will end restrictions on retailers and hair salons. for eight, restaurants are allowed to serve outdoors. they were also end the curfew and

you look at the, well, warren buffett's favorite measure, stock market capitalization as a ratio to gdpe where it was at the height of the.com boom. -- dotcom boom. matt: i have to cut you off because the president is walking out. president biden delivering remarks on the covid response. let's listen in. pres. biden: i sent a second goal, to deliver 200 million shots in my first 100 days of office. the goal, unmatched in the world or in prior mass vaccination efforts in american history. when tomorrow's vaccine numbers come out, it will show that, today, we did it. today, we hit 200 million shots at the 92nd day office. 200 million shots in 100 days, under 100 days, actually. it is an incredible achievement for the nation and here's the context. you know, at the pace we are moving -- we were moving when i took office, it would have taken almost seven months to reach 200 million shots. instead of marking this milestone in april, we would not have seen until early september at the earliest. some experts say that our rapid vaccination effort has already saved tens of thousands of american

very curious to see what we hear from warren buffett in terms of the optimism for the economy. last year, he sounded a little scared. this year the focus will be on the cash pile. is it time to buy something? jonathon: i am intrigued to hear what he has to say. pulling out of the airlines just as they took off time. lisa: he really has not timed that very well. he has not done very well on big tech. if you think the dynamism will be in the traditional place, how much do we actually have? jonathon: i don't -- i'm not sure that line works for me. i don't think people are reaching for that violin. a phenomenal investor who has done well over several decades. one small story that deserves some attention, why he pulled back from the airlines when he did just as things were getting much better for the months ahead. i want to turn to the price action on amazon. amazon is up by a little more than two percentage points on the back of a massive quarter. these numbers from credit suisse and the team over there. for the top five companies. apple, microsoft, google, facebook. they have all

not warren buffett i'm not warren buffett, i never will be. can't pretend.he companies are what we need to worry about and companies are not impacted by a a raise in capital gains for 0.3% of the people. >> no they're not. they're more focused on raising the corporate tax to 28% >> that does impact. >> and paying for the infrastructure plan that has been put forward but when it comes to capital gains, that's not the issue. the issue becomes, does it in some way put the brakes on people's willingness to invest overall, jim. >> well, look, i mean what are they going to do with it i'm not saying it's devastating. because it's never been this high, but i just think that we have to say, this isn't going to fit. >> we got to remember this is about the house ways and means committee. richard neil who runs it and that is where a lot of the debate will take place there is not an expectation that you will get much support on the republican side but that's not where the fight will be, it will be amongst the more progressive democrats and more moderate democrats and i'm

ritika: warren buffett, amazon, and blackrock are uniting to sign onto to a letter denouncing what theyany discriminatory legislation making it harder for people to vote. republicans have been trying to enact new election laws in almost every state. egypt has seized the giant container ship that blocked the suez canal last month. authorities are seeking more than $900 billion in cooperation -- then $900 million in compensation. credit suisse has sold about $200 billion of stocks tied to the implosion after archegos capital management. thanks from new york to zurich have been unwinding leveraged equity bets and became the center of one of the biggest margin calls of all time. it will cost credit suisse and other banks about $1 billion in losses. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ jonathan: from new york city for our audience worldwide, this is "bloomberg surveillance." jp morgan is a little bit lower. goldman is absolutely flying. here's the st

warren buffett, amazon, and blackrock are amongst the hundreds of companies and executives uniting tolimits on voting. they signed on to a letter denouncing any discriminatory legislation, making it harder for people to vote. republicans have been trying to enact new election rules in almost every state. we are still talking about it. bloomberg has learned credit suisse has sold about $200 billion of stocks tied to the implosion of archegos capital management. last month the firm became the center of one of the biggest margin calls of all time and cost credit suisse and other banks about $10 billion in losses. mcdonald's will require anti-harassment and workplace violence prevention training at all 39,000 locations. it is a move that helps fend off criticism that the chain overlooks workspace abuse. the management training at both company-owned and franchising locations will start next february. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> coin

they will be talking about their cash pile, and also warren buffett perhaps discussing a little bit morebout what he did with airlines. not so great. you were talking about this earlier in the show. i found this interesting because he didn't get it right. he really didn't get it right. jonathan: sometimes you have to turn to the smartest people to ask them the lessons they learned in a downturn, some of these estates they might have made -- the mistakes they might have made. i've said repeatedly that they last 12 months has humbled a lot of people. you've got to maintain that humility because there is so much unknown for the 12 months ahead of us. lisa and i had a nice back and forth in the credit market yesterday on how things were stacked up in credit's favor. default risks through the year ahead. that has been trending nicely lower. we have seen a lot of refinancing in this market. that gets better. upgrading some of these names, there is real upside to upgrade risk in the year ahead, too. what you touched on i think has got to be the most important element. it is valuations and where

warren buffett's berkshire hathaway has sold $1.5 billion in yen-denominated bond to give japanese investors into global companies while getting a bit more yield than is generally on offer in the local market. that is typical for a foreign debt sale, which is generally perceived to be more risky. credits we ceo thomas gottstein has a tough crowd to deal with these days, he's on bankers -- three days -- these days, his own bankers. credit suisse stands to lose as much as $4.7 billion. the head of archegos may be the greatest trader you've never heard of. he's a master $29 billion fortune by betting and stocks, and lost it all. alix: on that point, "bloomberg businessweek" has an amazing article on how to lose $20 billion in two days, probably something none of us ever want to try and do. it is a really in-depth look into the history of hwang and his idiosyncratic nature, like don't curse in the office, yet really under wraps when it comes to social activities, yet he is this huge person on the street with these big trades. guy: absolutely. i do wonder whether you want to compare and contrast,

jane frazier, warren buffett, kenneth frazier of the merck ceo and the former amex ceo are the ones whoof these people to sign on here. unclear where they go from here. it's a powerful statement, but what message do they send to some of these state legislatures? also, jim, they're not singling out any specific law here or state. and we did not hear, not signing on from here, are coke, home depot or delta. they are all based, of course, in georgia, where these voting rights concerns first surfaced. >> have any of them committed to withholding donations to republican candidates who support these laws? >> they are not saying that here, but with one voice, they are trying to point out that it's not good for their business to have america divided about access to the polls. >> rnd stood. >> that's the message they're trying to send here. >> christine romans, thanks. >>> today president biden will announce his plan to withdrawal all u.s. forces from afghanistan by september 11th. ending america's longest war. ahead, the impact that move will have on the safety of that country, terrorism and u.

. >> amazon, google, warren buffett among them. >> yes, buffett's company, berkshire hathaway, see's, geico, dairy queen, many others so the ceos of those companies, google, amazon, netflix, hundreds of others say they stand opposed to states changing their voting laws. they're all red states and many saw big upticks in democrats voting, in georgia's case, democrats winning. the governor of georgia said he signed georgia's new law to tamp down on voter fraud, but there was little to no voter fraud in georgia during the last election, and we know that because the governor of georgia told us so. >>> you may remember major league baseball moved its all-star game out of georgia in protest. now three senators, none from georgia, say they want to remove baseball special status protecting it from anti-trust rulings as a punishment. >>> lots going on in the senate. the heads of various intelligence agencies will brief senators on the threats to america. the senate may vote on the covid-19 hate crimes bill that deals with people who attack fellow americans because the attackers think they're

if they have a competitive moat like warren buffett would say, that would be better. >> run over inflations tiny speed bumps not looking back. >> exactly. charles: erin, you have a different take on that? >> when you're looking the inflation it is temporary. it is very much supply chain blockages, demand is outpacing supply. we're trying to get people back to work. we're trying to produce things more. this is expected. and addresses multiple times. when you look at the u.s. population, with an aging, growing, massively growing retirement population percentage, we're expecting like hampering inflation for two decades if not three decades. charles: right. >> i don't see this as a long-term play. i think the commodities play has come well out. if you look at the futures they're already coming downtick larly copper. i have would say the best way to play it, playing for yield. looking for companies that either offer very high dividends or more like financials can use higher yields to take advantage of this. >> question. i'm hearing more and more investors looking for the higher dividend plays.

on how it works where on the other hand anti-money laundering rules, know your customer rules, warren buffettway from it, stay away from it, and next thing you know it is the world standard and we have no say in it. that is what worries me most about it. it is coming. it is the libertarian nirvana and will happen with us or without us i think. we better start engaging in this instead of pushing everybody away from it. charles: let me ask you about coinbase. their offering is going to happen real soon. could this stock become something of a proxy with respect to crypto if it does well? would that be sort of a good thing to sort of leverage and get more people involved? >> it is going to be a gateway for people to play this idea that crypto is a real thing. the coinbase listing, it is not an ipo. it will be listed. you can start trading their shares on april 14th, is expected to be a valuation of $100 billion. put that in perspective, the intercontinental exchange which owns the new york city is valued at $64 billion. so the market will say coinbase is 1/3 more valuable than the new york stock

that he would be on the same page as you, karen, only because -- because this is also known as a warren buffettor. this is something that one of the greatest investors who has ever lived uses on a regular basis, guy and for that reason i would have thought that you would have said this is bunk >> no, but i think karen -- to karen's point it is outdated as well i happen to think elon musk went to a day of law school because when he tweeted that question, he knew the answer he would get 00% and there is something self-serving about that and it plays to the narrative he's been talking about for a while. i'm with karen on this clearly the market doesn't care. it is out dated. maybe in the global world that all of the points that karen brought up, even given that it is elevated. market doesn't care about these things until it does but it is clear that 1.6, which probably by the way is probably closer to 1.8 depending on the numbers you use, it is a bit of a red herring and it is something that the market looks completely past for at least the last six to eight months. >> well our next guest said a m

more corporations are putting their foot down over voting restrictions, amazon, google, even warren buffettt's company, berkshire hathaway, see's candy, geico, benjamin moore paint, dairy queen, many others. so the ceos of those companies, google, amazon, netflix, hundreds of others say they stand opposed to states changing their voting laws, restricting mail-in voting or reducing the number of days of voting. the governor of georgia said he signed georgia's new law to tamp down on voter fraud, but there was little to no voter fraud in georgia during the last election, and we know that because the governor of georgia who went on television and told us so. >>> you may remember major league baseball moved its all-star game out of georgia in protest. now three senators, none from georgia, say they want to remove baseball special status protecting it from anti-trust rulings as a punishment. >>> lots going on in the senate. the heads of various intelligence agencies will brief senators on the threats to america. the senate may vote on the covid-19 hate crimes bill that deals with people who atta

, of course, is a big finance hub, is going to use the power of its vote to send a message to warren buffett e and company saying we're not going to support management until berkshire actually, you know, puts out, i guess, publishes an annual report on climate risk. because they have a huge energy division, obviously. what does that say, david? [laughter] >> well, asking me about that, liz, this is a bit of a sore point for me given the trajectory of my career. but i do think that boards of directors of the big american corporations tend to be one of the last pockets of resistance to embracing the green future. and so, you know, i obviously applaud newberger because this sort of environmental activism, you know, from people like jeff unbin who exxonmobil is putting up on their board, fidelity and calpers, it's just going to accelerate what's already happening which is that the corporate sector9 and the financial sector are both 'em gracing this in the future -- embracing this in the future because this is a societal change that's not going to be changed no matter, you know, what changes occu

they're talking about, talking about the warren buffetts in the world famously said his secretary makesore money than he does. the one million dollar person, the plumber with two trucks filings individual income tax, this is not that person who is making, who is skipping out on capital gains but it is the person we want to invest. it is the exact person we need to invest to keep this country moving. your thoughts. >> exactly right. so far really only supposed to tax the wealthy. but what it will happen, will incentivize people not to put money in the market especially large investors. investment gauges less than wages earn having been taxed less. that could be different. if you see people try to realize their capital gains before it goes through that could lead to a sell-off or less investment that can hurt people not getting taxed, that is affecting your investments. that is how it affects the day-to-day picture of markets. it's a minor sell i don't have -- charles: rob, there is difference, they deliberate think do this. i don't want to get up in the caught wealthy, rich, well to do.

this is a dynamic that led warren buffett to famously explained that he paid a lower tax rate than his secretary. and it is the dynamic that has led the president and others to argue that we need to do something about equalizing the taxation of work and wealth in this country. and that's why the reforms that the president will layout are focused on this top sliver of people. and treating capital gains the same as wages for that top 3/10 of a percent. we believe that is not only fair but it would also to reduce the kinds of tax avoidance that significantly undermines trust and fairness in the tax code itself. and importantly, the revenue from this provision would invest directly in our kids and our families and our future economic competitiveness and put us in a position where we can drive greater economic growth. so, we will have more to say on this and how it fits into the overall plan, but i just wanted to at the top that number one, -- two -- i just wanted to re- underscore at the top that we are talking about a texting that would affect again the 3/10 of one%. the top sliver of hou

securities market crashing, and what it revealed, if people -- you know, there's this expression that warren buffettyou know, madoff was one of those people, but everyone began to wonder what about everybody else. was everything just a large ponzi scheme, which of course was not exactly the case, but we spent a lot of time recovering not just from our loss of confidence due to a complete fraudster like madoff, but also the public's loss of confidence in the markets generally that could not stand up and not hold up with the tremendous bank failures at that time. >> do you think that something like this could ever happen again? >> yes. i do. i think that unfortunately, i hate to say it, but a good friend of mine wrote a lovely book called "the ponzi puzzle" and he talked about how while there are some victims of ponzi schemes who are true victims, you know, people always are hoping and, you know, hoping and praying and sometimes getting a little greedy, some of the people who participate early on in a ponzi scheme and they'll look the other way. you know, folks want quick money sometimes and we can se

but those things you talk about, how people like warren buffett made a lot of money back in the day. the same thought process. lenore, appreciate it. thank you very much. >> thank you, charles. charles: speaking of technology. don't look now but it is charging back. after wall street almost unanimously wrote them off just a couple months ago. you know what? it is doing extraordinarily well. i want to get a read where it goes from here, markets group, michelle snyder. michelle, talk about chips. they're in short supply so those stocks are doing well. software names. i saw three separate software names get upgrades. you have the names everyone thinks about, apple, microsoft, they're charging back ahead. what has changed all of sudden? >> before i want to answer that i mentioned last week when i was on we talked about the nasdaq chart and how technical it is. if it cleared 321 we start. 324 we add. we're looking at 340. we're well on the way. i love the when that happens when the charts match up to behave themselves. charles: you called it. >> that we were rotating into four semiconduct

think apple, the reason it has been held back this year, scott, just putting a bow on it, was warren buffett i don't blame him. we talked about it here on the show back in january when mr. buffet announced that he had lightened up, and for that reason that's really what took the stock from the 130s into the teens. >> i know. >> it has been climbing back up, you know. >> his position is still like worth $30 billion or whatever it is. >> that was just risk management. >> some astro nomical number i probably got the number wrong, but probably not by much. >> right the firm still owns a ton of it. they are still believers i think after this digestive period basically from the knockdown to where it has come back to now -- >> all right. >> -- i think that's why jim is going to be right about this going through 150. >> now, i don't have pete here to tell me why microsoft is the greatest thing since sliced bread or that satya nadella is the greatest ceo this side of brian cornell at target. so, joe, i'm going to have to go to you on microsoft. okay what do you make of what is happening with the stoc

. >> you're playing your cards right, you'll get to meet warren buffett, if you haven't already, thefamous guy in omaha. >> the beauty of nfts, they're each one of kind, you know the providence, what you don't really know with some of the other collect ible forms and you can add new items to the string along the way if you so choose but there's an original scarcity value there. >> that's right. like you said, these are unique items. eli and i spent a lot of time with the artists jk-5 and matthew johnson, kind of capturing some of our nfl moments, some of our college moments. he did one with my dad, me, eli, my dad, all s.e.c. quarterbacks, and that one is really cool, and then michael johnson kind of captured these, these tokens of omaha, and the helmet catch, and also did a couple that are going to raise money for tackle for cancer as well as the children's hospital in indianapolis so it's a great way to raise money for some great causes but also just to create some interest, for football fans out there, just like they did with mahomes and gronkowski, we're glad to be a part of it.

think kind of warren buffett but for the gamestop reddit generation maybe cathie sees the future andheavily on tesla years ago and that worked out very well. the stock is up 450% over the past year. her investment strategy and leadership led ark to post 170% return last year some of the best numbers in all of money management, an industry still dominated by men cathie wood is our guest now thank you so much.thank you it's nice to be you. >> i'm very happy to meet you, shep thank you for having me. >> you know, my uneducated business self-would say you seem to bet on companies, not so much per se as you bet on the world changing do you ever worry you're too early or too optimistic? >> well, actually, the way we run our research, and research is the key to our success, we focus on -- it's called wright's law. it's a relative of moore's law in the semiconductor industry just giving us a sense of how quickly costs are going to decline associated with new technologies and it gives us a really good idea when different layers of demand are going to increase. i'll just give you a quick examp

we heard from warren buffett. i think we have heard from jamie dimon, other leading voices.resident trump when he made some changes to the moves between income tax and capital gains. i think it would be interesting to hear from the customers because remember that pension funds, retirement systems, endowments, they are absolutely reliant on private equity to deliver their returns, and they can pay their liability services. sonali: i want to jump in there because the pension funds are customers of the private equity funds. really the, this is being touched on in the carried interest rules. how could this impact the firm's at the top? do they need to be having these breaks and carried interest? sachin: there's a lot of people at work in private equity, not just the folks who founded the firm's. a lot of them -- the firms. a lot of them are going through generational changes. the tax is on the individuals rather than the firms. it is really important to understand where the customers are coming from because if those individuals who are generating those returns -- if it is those

hundreds of companies and ceos including amazon, black rock, google, warren buffett they have signedt opposing any discriminatory legislation that makes it harder for people to vote. "the new york times" says the statement doesn't mention any specific state's restrictions. kenneth frazier ceo of merck told the "times" respecting votes of voters should be a -- delta and coca-cola strongly opposed georgia's voting law after it was passed but decided not to add their names to this group. the statement will run in the "new york times" and the "washington post" today. but a lot of names on here. >> so interesting to watch the domino effect here. they are facing so much pressure from their employees, from customers. just incredible how fast things can change sometimes. >> thanks for joining us, i'm christine romans. >> i'm laura jarrett. "new day" is next. from prom dresses to workouts and new adventures you hope the more you give the less they'll miss. but even if your teen was vaccinated against meningitis in the past they may be missing vaccination for meningitis b. although uncommon, u

it is virtual this year, but warren buffett will be on stage.person for the meeting, but it is not too late to get your questions in i'll be reading through them and i have been reading through them lots are coming in we will ask as many as we can get throughout that is berkshirequestions@cnbc.com. >>> we get you ready for tesla's quarterly report dan weighs in on the eye-popping run up of the stock. up 1,000% over the last 18 months. >>> and elon musk is hosting "saturday night live." we'll be right back. ♪ i will never been free ♪ wondering what actually goes into your multivitamin? at new chapter, its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. confidence is at the heart of everything we do at carrier. our systems fill buildings and homes with healthy, clean air. we detect and put out fires, and help people stay safe and secure inside. our innovations keep foods and lifesaving medicines cold and fresh until they r