warren buffett was dying to see this thing too.'s biggest threat going forward. the s1, robinhood and charlie gasparino e who breaks it all and cracks it open next. and cano health founder ceo marlow hernandez, he. grated to miami at the age of 9, he's the ceo of a publicly-traded health clinic chain. he also went to medical school, by the way. yes. he's built his empire that's been disrupting the entire health care industry and providing affordable health care for all. and when i say affordable, barely. i mean, it's unbelievable how end cheap he offers this for, and it's good quality. how he went from immigrant to miami medical mogul available on fox news pod costs or wherever you get your podcasts. we're coming right back. into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they h

i mean, whether it's the present united states, whether it's all the bankers, whether it's warren buffett, they all have an obvious interest in perpetuating the system as long as possible, right? we get us has to maintain demand for dollars if we're going to be able to continue to service all of this debt that we've, you know, build up 30 trillion dollars, you know, and everything else. so they're always going to go down that road. yeah, it's all part the government statistics. that's why they interstate inflation. that's why you get all the way to today would try dettori inflation and, and how the stat is trying to job bone yield curve control by convincing everybody that inflation is going to go away. it's all part of the spin cycle that everybody were the best interest in perpetuating the system supports and that's, that's fine that everybody else you just mentioned next, inflation is raging. the fed balance sheet is soaring and you have precious metals are flat. what's going on? getting, remember, how do we determine price in precious metals and how we determine price since 1975 . oka

it could be warren buffett. and so they're throwing gasoline on the fire. right. instead of some, somebody standing up and saying, hey, wait a minute, let's fix the economy because otherwise we're going to drive off a cliff. you've got a lot of people now who's 24 hour day job is to try to make it as worse as they possibly can because they're stealing. that's one of the problems with excessively easy money, which flows from currency that's not backed by anything you create. what's called moral hazard, which is a situation where people start behaving in ways that they wouldn't otherwise, but because it's been made so attractive by the artificially low interest rates or otherwise easy money. and the whole world has become a place like that. now it's a casino, where everybody's borrowing insane amounts of money at extremely low rates and then doing things they might not have done otherwise. to make you know, little tiny profits over and over and over again on a vast scale because they can use borrowed money. that inevitably leads to some kind of a crash. the problem

if, if he had done in china, what he did in the united states with warren buffett terms of gaining our financial system and making billions $1000000.00. those guys would have been disappeared. long time ago, eli and most, he's still more cars in china and does the united states news is going to point out the thing that china has done, it's created. high powered economic system got out of the way of the chinese people, the chinese party like to take credit for what the economy has become in reality is really getting out of the way of the chinese people trying to has been built up behind 6070 percent duty rates for the last 2 decades. so they've been game little trade system. they've game their currency. but at the end of the day, the change people have created the commoner, want their most ambitious hearts for people in the world. so even most yeah, he's is future is in china, he's going to sell very car. he sells the united states. he's going to sell 3 or 4 in china. so yes, be where we talk about some our solutions and then away the rise of china, the way it did it is a solution to th

i mean, whether it's the present united states, whether it's all the bankers, whether it's warren buffett, they all have an obvious interest in perpetuating the system as long as possible, right? because us has to maintain demand for dollars, if we're going to be able to continue to service all of this debt that we've, you know, build up 30 trillion dollars, you know, and everything else. and so they're always going to go down that road. it's all part of the government statistics. that's why they interstate inflation. that's why you get all way to today would try dettori inflation and, and how the stat is trying to job bone yield curve control by convincing everybody that inflation is going to go away. it's all part of the spin cycle that everybody were the best interest in perpetuating the system supports and that's, that's fine that everybody else you just mentioned next, inflation is raging. the feds balance sheet is soaring and you have precious metals are flat. what's going on? get, remember, how do we determine price in precious metals and how we determine price since 1975 . okay, t

it's also notable that mr. bays of the richest man on earth has not taken the same course as a warren buffett or bill gates and devoted a substantial chunk of his vast $200.00 plus $1000000000.00 fortune to charitable works, trying to cure diseases and develop, you know, modalities for people who live in under developed countries and so forth and so on, which, which the gates foundation has done. so, you know, we'll see how this develops. the people tend to mellow over time. maybe he's gotten this out of his system now until reading some of the cash rounds. good to tokyo, rob reynolds journey from vanhorn, texas, the side of the blue origin launch today. where on 2 other news now, 3 rocket attacks in the afghan capital cobble have a look at this time in the now that could be heard. and there's another one as well. president enough? counting the leading 8 prayers at the presidential palace. one of them hit cobblers, most popular mosque and other was behind its biggest shopping mall. the food was near the ministry of foreign affairs. no reports of injury so far off from our diplomatic editor, j

it seems like they're already telegraphing that john for somebody like no gates or warren buffett a talk down clause. i dictatorship doesn't sound like a bad deal at all because 1st time in part because they already kind of sort of have something like that. they can pretty much do what they want right now and impose whatever they want on the rest of the country. and 2nd, because they think it would be run correctly because it would be run by people like found, you know, so that's, and that's as old as human history where you have a handful of very rich, very powerful people who believe it is they're not just they are right, but their duty to run the country or run the world and remake it in their own image . so this shouldn't be a surprise because they're kind of comes with the territory. but the question is, getting from here to there is likely to be incredibly messy, no matter what. and then the end result is not going to be what they thought or, or maybe it will be what they think it's going to be. but it's going to be horrendous for everybody else. so normally when you screw up your

just last month, billionaire investor warren buffett resigned from his role as a trustee.nly that his physical participation was in no way needed in the fount —— for the foundation to achieve its goals. let's turn to the us economy now, because shares on wall street have edged up to close at new record highs. that's after minutes from the latest meeting of the federal reserve confirmed the us central bank is in no hurry to start winding down stimulus measures. they said substantial further progress on the economic recovery "was generally seen as not having yet been met". that sent the s&p 500 and nasdaq to new closing highs. anna macdonald is a fund manager at amati global investors. thank you very much for being with us. what you think is behind these new highs? i with us. what you think is behind these new highs? i think as ou behind these new highs? i think as you said. _ behind these new highs? i think as you said, there _ behind these new highs? i think as you said, there has - behind these new highs? i think as you said, there has been - as you said, there has been s

he believes inflationary is because moody's, the rating agency that's owned in large part by warren buffett, who just had a subtle, a corruption charge involving his company and movies, told him that it wasn't inflationary. what is he getting wrong? everything, i mean, i guess i'll put this in that larger picture. i mean, whether it's the present or not stage, whether it's all the bankers, whether it's warren buffet, they all have an obvious interest in perpetuating a system as long as possible. right? because us has to maintain demand for dollars, if we're going to be able to continue to service all of this debt that we've, you know, build up 30 trillion dollars, you know, and everything else. and so they're always going to go down that road. it's all part of the government statistics. that's why they interstate inflation. that's why you get all the way to today. we're transitory inflation and, and how the stat is trying to job bone yield curve control by convincing everybody that inflation is going to go away. it's all part of the spin cycle that everybody were the best interest in perpet

an exclusive interview with the billionaire investor known as india's warren buffett.eone predicting a decades-long bull run for indian equities. before that, though, jp morgan's head of major research telling us how he is adjusting strategy to account for china's regulatory uncertainty. and don't miss our coverage of the fed's decision. we'll find out how hawkish they are and any clarification on when they are likely to taper. >> it does look like the fed is going to start to talk a little bit about how they plan to taper and when they plan to taper. at the moment, we expect the fomc language will be fairly balanced. >> as we look toward the jackson hole meeting, we think they will have an update on the inflation and labor market side. >> i think the market is priced fairly appropriately for an end-of-the-year decline. i don't think the fed needs to push back much. >> i sort of learned don't fight the fed. it is a losing battle. david: the broader index in hong kong, the market has been in focus, so we are looking at some of these maker stocks. our guys at bloomberg i

we saw warren buffett pull up.ere a young tech crowd there at all, or is it just billionaires and ceos in their 50's, 60's, 70's, and 80's? ed: it is really interesting. the press is camped out because they want to hear from jeff bezos. sources tell me that jeff bezos is attending. you do have this next generation of the palantir ceo who is here, for example. you see other players from the worlds of social media, dropbox's ceo drew houston is here. twilio ceo is here. those may not be household names when it comes to sun valley but the landscape has changed. deals gone behind the scenes. when executive made the point when you think of sun valley, you think of m&a and the telecom sector. he is not in that space and he said, my customers are here, my bankers are here, my business partners are here. there are other things that get done here. allen and co. underwrote facebook's ipo. executives from those countries attend year in and year out. for allen and co. and other financiers in attendance, it is a good breeding g

couple of years ago when they had this unsuccessful venture that they were trying to do with warren buffetthire hathaway along with jp morgan. yet, i think that in the health care area, whether it's in things like this testing service that they just launched, or their own prescription drug offering that they have, and some of the other things they are working on for employees, and now people outside of the employee base of amazon, there is a lot of opportunity to reinvent in the area of health care. that's the high ones on the list. caroline: do you want to see them do m&a, or is it more about organic growth? matt: i think it's usually a combination. i do think andy has historically been pretty frugal. i think the company has been overall, but he has been comparatively frugal. you can't really think of any major examples of acquisitions within aws. it will be interesting to see how that translates. i think they try to keep an open mind. there have been times -- whole foods, they spent almost $15 billion. food pack was a young company that they spilled a billion dollars on, investing and buy

the biggest financial minds have proposed maybe you saw the op-ed in t"the wall street journal" warren buffett and jamie dimon's quote informs our experience quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy growth and sustainability let's welcome the founder and ceo of the long-term stock exchange, also known as ltse thank you for joining us today >> thanks for having me. >> you have two companies listed so far software company twilio and asana, the cloud-based company what does it mean to be listed on your exchange how will people notice the difference they are listed there and not elsewhere? >> so these companies are dual listing, accessing liquidity as before, but they are committing to listing standards that we have at ltse around, as you mentioned, investments in the long term, sustainability, diversity, et cetera it's like being held to a higher standard, showing these are companies at that care a lot about the impact they have on the world, all of their stakeholders, employees, communities, vendors and so on >> and,

but all of this, you know, these sound bites about how warren buffett pays less in taxes than his secretaryhave one of the most progressive tax systems in the world and the top 1% of earners pay 40% of the taxes last year, even though they only accounted for 21% of the income. that is how steep our tax system is. so taxing wealth is a really terrible idea from so many different perspectives but the answer is again, we do not have a revenue problem in this country. historically revenues, tax revenues have been 18% of gdp. right now they're running about 50% higher than that, 25%. we don't need to cut, we don't need to increase taxes. we need to cut spending and need to do it now. elizabeth: yeah. but this, the tax talks are happening now, liz in the sleepy days of summer when no one is watching. now we hear democrat senators like joe manchin and kyrsten sinema don't want the tax hikes. democrat moderates fear they will lose big time and lose control of the house in the midterms. you know the other thing, the other trend that is happening, liz, i would like your assessment of this, a dozen st

warren buffett is expected to attend. you and buffett are quite close. general mattis popped in.mmissioner, while getting, while in the cafÉ at the place. he ran the other way, of course, but that's usually what happens when i -- [laughter] they run the other way. unless you're a security guard. the security guards here, again, are -- liz: oh, they love you. >> they're, like, they're -- by the way, they're acting like bouncers at a party in the hamptons. i know they think it's their job -- and, by the way, i i appreciate their job. there's more billionaires here, i left a few off the list, you know, than i have hair on my head, and i've got a lot of hair on my head. they have to protect them. but they do it like they're working, they do it like they're working the door at, you know, at studio 54 back in the day. it is really -- [laughter] it is really an insane thing. anyway, i haven't got thrown out yet. i'm still reporting. bob -- is not here, snubbed once again. his boss is here, so that's kind of interesting. and, you know, we'll be back on the air if we break any news. there

sounds like a warren buffett kind of thing. larry, house does that work? >> charles it speaks to the idea respect the seasonality of the market. volumes get light, things are choppy in the summer. that is an opportunity to building shopping list. maybe in the fall you get a correction. in the long run there is tremendous demand in the economy, we talk about the resilient consumer around resilient small business that will drive things. not washington policy. as long as demand stays there business will find its foot. fundamentals in the market. not gimmicks, not chasing meme stocks all the time but good fundamental growth stories. there is plenty of capital to find those. it's a great time for investors right now. just don't lose your head. charles: we have seven more. we ran out of time. we should take this show on the road like a traveling ted talk. appreciate it. >>> breaking news. robinhood filing for the ipo, s-1, rapid growth during the pandemic period. trading has 18 million accounts managing $80 billion in assets. that is up frommillion and $19 billi

i am glad we got you on the record because most people are fleeing and warren buffett said when everybodylse flees take a look. kiana, thank you very much. we'll talk to you soon. >>> folks, inflation is so hideous. you know it is gobbling up any pay raise you might have got this year. it is gobbling up dividend payouts. how do you make money in such a environment? we have wealth manager katherine simonetti here. we are less than an hour away from new cdc mask guidelines. don peebles is talking about stocks and critics say new york city will never come back. he has got some answers when we come back. ♪. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! so many people are overweight now, and asking themselves, "why can't

you are going to space >> jimmy: yeah [ laughter ] first branson, now bezos, tomorrow warren buffettnna try to get up there with balloons like the old guy from "up. [ laughter ] that's right, bezos was launched into space, which is the natural career progression for anyone who starts an online book store [ laughter ] before his trip to space bezos said, "i'm just really excited to figure out how it's going to change me. well, here he is before the flight [ laughter ] and this is real here, here he is after he landed [ laughter ] >> tariq: that's not real. >> jimmy: i guess space turns you into kenny chesney i don't know [ laughter ] that's right, bezos actually wore a cowboy hat for today's flight can we see it again? [ laughter ] you know you're rich when you put that on and everyone who works for you goes, "oh, it looks great. yeah." [ laughter ] "you're a man of the people, just going to space. let me see it again one more - [ laughter ] it looks like a mashup between buzz lightyear and woody [ laughter ] [ applause ] he got the spacesuit and cowboy hat together by searching for t

it features warren buffett that is the definition of investing, buy and hold, up and down, if you believeick of people dissing i will always be on your side. >> thank you very much. charles: a public service announcement alert all individual investors. finra is taking public comment on short reporting and short sales. apes, if you're seeking fairness you must make your voice heard. regulatory notice 2119. i'm sorry. i will post the link on twitter. cvpayne. >>> another revolution seeing growth is cryptocurrencies. it is being embraced by wall statute but obviously there is a lot of doubts and doubters. i want to bring in former cftc chairman, christopher carlo. thanks for coming on. talk to you about coinbase. before we get to coinbase itself, crypto around it has been wild ride. 64,000 in april. down to 34 how in may. mostly sideways. challenges are monumental. fiat currency and non-stop negative campaign out of wall street. how do crypto crip crip at the currencies. >> great to join you and follow my old friend larry kudlow. if your followers understand one thing about bitcoin, it is th

but all of this, the soundbites how warren buffett pays less in taxes and a secretary is really not truerogressive tax systems in the world, the top 1% pay 40% of the taxes last year even though they only accounted for 21% of the income that is how steep our tax system is. taxing wealth is a terrible idea from so many different perspectives but the answer is, we do nots have a revenue problm in this country, historically tax revenues have been 18% of gdp right now they're running 50% higher than that, 25% we don't need to cut or increase taxes, we need to cut spending and doing now. elizabeth: the tax talks are happening now in the summer when no one is watching, now we hear democrats like joe manchin kyrsten sinema don't like the tax hikes the moderates fear that they're going to lose big time and they could lose control of the house and the midterms, the other thing that is happening i like your assessment of this, a dozen states arees cutting taxes they're going in the opposite direction of big government and look at that they want to cut income taxes, your take on that. >> the reason

no way i think maybe ceos should be a little more like warren buffett of berkshire hathaway and giveguidance but would have to do it at once and it wouldn't be such a bad idea i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer see you tomorrow the news with shepard smith starts now >>> what if like aspirin for a headache, there were a pill to treat covid? stand by i'm shepard smith. this is the news on cnbc >>> mask backlash. confusion shifts to anger, after the cdc changes guidelines >> take the masks off our children. >> the impact on schools, across the country. >>> president biden to announce vaccine requirements for federal employees. his new order, to get a shot or submit to weekly testing >>> simone biles pulls out of the individual all around.

show warren buffett b jason furman all all say inflation is a problem.ow is it a government money printing and government spending does not create inflation? can you explain that? >> we know inflation is up 5% over last year. it is accelerating. if you look at numbers each month this year inflation has become more rapid. so the debate whether there is inflation or not is over. it is here. the question how long does it last? it could very well be true we do not have a long run inflation problem. because the federal reserve will step in and control it. but at what cost? the federal reserve never successfully engineered a soft landing reduce inflation. the administration's solution, let's hope we don't have a recession. elizabeth: stay on that. stay on that for a second. we got to talk about this, because if the fed steps in what happens is a market correction. that is what market history shows us. stocks will go down. >> yeah. elizabeth: so that is the gamble here. look at unilever. they're raising prices. they own ben & jerry's, dove soap. p&g raising pri

>> right, well, warren buffett just said recently that he thinks the economic effects of covid-19 and variants are unknown. i think look this is very unpredictable, but as we learn, those economic shutdowns, the stay at home orders were not the answer. the answer is rising vaccinations, and if you look at wall street, and the stock market, they're not very concerned because you have news from moderna this tuesday, for example, that said look, our vaccine protects against most of these emerging variants, such as, the delta variant, so i'm not as concerned, and investors are not as concerned from an economic standpoint. i understand from a health standpoint, you should be, and if so, go get vaccinated. >> charles: yeah, i mean johnson & johnson also just came out and said that their single shot works with the delta variant. i'm hearing one thing from the medical community and another thing from politicians and the media that won't let this go. that concerns me. i understand the stakes could be high, but to your point the lockdowns themselves created so much damage, there's going to be p

liz: billionaires, tech titans, media mavens descending on sun valley idaho, berkshire hathaway warren buffett up all arriving in idaho today and of course charlie gasparino in the thick of all of it, stirring the pot. charlie breaks it next on what's going on and what kind of deals are being discussed, and another place where you can find business billionaires and entrepreneurs, who started from nothing my everyone talks to liz podcast, this week, i look back at some of the top successes and american dream stories for a special july 4th week recap episode from anastacia of beverly hills, immigrating to the united states from a tiny small village in india, you've got to hear their success stories now, available anywhere, where you get your podcast, closing bell 15 minutes away, the dow just a few minutes ago hit a new high, but we're still up about 109 points and we are watching these levels in the markets, stay tuned, watch them with us. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the n

wall street went collecting and they said this was a dumb move but someone like warren buffett takeske in the company , you listen to him so why shouldn't management listen to a big chunk of shareholders? >> well they absolutely should. they absolutely should and the fact is this. 80% of the stock is owned by retail investors so if the big guys out on the street think it's stupid let them, it's not their money. it's the apes money, they can think whatever they want because the apes are up over 2000% in 2021 the fact of the matter is the apes helped save amc as a company by buying a stock they love and the history and the tradition of the movie theaters and i think adam aaron as a management recognized that and have faith in the apes the same way we have faith in them. charles: real quick, trey on the business side of the story, let's talk about the regulatory side. amc continues to be on this threshold list maybe explain what the heck is going on there. hedge funds appear to be reload ing their shorts. any face that the cavalry will come into level this playing field? >> you know, th

warren buffett likes it because in his mind the average person cannot beat the market but analysts aty where the only investment is passive is worse than either centrally planned economy or an economy with active market led capital management" and in other words they are saying this thing is worse than socialism buying passive funds. do you agree with that? >> well i don't know if it's worse than socialism, but you know, i'll put it this way, charles. when you look at the passive index investor, a lot of people who have been there have really significantly underperformed. if you look at the s&p index today, valuations are not going good going forward and that's where traders have to do is going forward. i've been talking about a name like facebook that's rallying today. that's a company that's been trading at the same valuation as the s&p but growing 10 times as fast. everyone knows facebook, why not put your money in companies you understand that are doing better , you don't have to be an analyst or rocket scientist to find names like facebook to invest in. charles: that's for sure.

. >> warren buffett likes apple's buybacks. >> well, why wouldn't he, he's a shareholder and they'reundred billion dollars in stock. >> buybacks used to-- it's just another example of things that used to be viewed as kind of, ugh, you know, just going mainstream. >> jacoby: sheila bair, a former top banking regulator, was issuing public warnings at the time that the fed was incentivizing bad behavior on wall street despite its best intentions. >> i can't fault the companies so much, because these interest rate-- this interest rate environment creates very strong economic incentives to do exactly what they're doing. it's hard to create a new product, it's hard to come up with a new idea for a service, it's hard to build a plant and hire people and run the organization. it's real easy to issue some debt and pay it out to your shareholders to goose your share price. that's real easy to do, but it doesn't create real weal, it doesn't create real opportunity, it doesn't create jobs, it doesn't improve the labor market. it's just another example of how these very low interest rates have re

no way i think maybe ceos should be a little more like warren buffett of berkshire hathaway and give no forecast and we'd all be better off for guidance but would have to do it at once and it wouldn't be such a bad idea i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer see you tomorrow the news with shepard smith starts now >>> what if like aspirin for a headache, there were a pill to treat covid? stand by i'm shepard smith. this is the news on cnbc >>> mask backlash. confusion shifts to anger, after the cdc changes guidelines >> take the masks off our children. >> the impact on schools, across the country. >>> president biden to announce vaccine requirements for federal employees. his new order, to get a shot or submit to weekly testing >>> simone biles pulls out of the individual all around. the cause and the g.o.a.t.'s decision to shine a big light on her own mental health. >> her being able to to this shows what she wants to do moving forward. >> no crabs, no scallops big-labor problems why our seafood is disappeari

warren buffett said if you want to beat bobby fischer, you play him at any game but chest. -- but chessand buy energy stocks today. we own mall reits, and then the homebuilding space is less than 1%, and we own double digits of that, so we are going to places where we can find great economics, be good long-term odors, and it does not help the s&p 500, which is what most people would look and say, if i'm going to hire an active manager, what am i going to do? anna: thank you for joining us. more in just a moment with the president and portfolio manager at mead capital management. coming up, learning from history. christine lagarde says the european central bank will not repeat the errors of the past crisis. we discussed the ecb next. this is bloomberg. ♪ anna: welcome back to the european market open. eight minutes into the trading session, european markets are moving to the upside. this u.k.-listed company is minded to recommend the new cash offer. it has jumped by 33 .6% on the back of that. a little bit of execution risk perhaps being priced in by some, but we will see it again. let's

can we talk warren buffett for a second, he should not have sold wells fargo, i think coca-cola put ongood show the other day. some of his stocks are coming alive with pleasure. >> yeah, no doubt. bob pisani as you know, jim, is following the action on the floor of the stock exchange today, hey, bob. >> good morning, scott we are sitting right at the door of a new high on the s&p 500 we'll keep an eye on that. what a turn around here, we're now in positive territory. take a look at the leadership. bank stocks which had a terrible start to the week, they're now positive for the week. tech's the leader back again, up about 2% industrials are up about 1%. energy is still struggling because oil is coming off of that high of $75 back down after the opec agreement we have had an extraordinary quarter so far this is the mother of all earnings reports, folks. we are one quarter of the way through the second quarter, and the numbers keep going up. 76%. that's what we're looking at, an increase compared to the second quarter of last year you don't see these numbers very often, but we started bac

those of us channeling our inner warren buffett who said you should never confuse a great stock with and you know, we've had anticipation of tesla becoming a great company for years now and my hats off. they were extremely innovative finding a way to around the semiconductor shortage in this latest, in the latest six months or so. that is what we want for american companies to be. we want for american companies to outinnovate the rest of the world but again if it is already priced into the stock from an investor perspective, then you might take profits and run. that is what we're seeing in many cases. david: george, we have 20 seconds. are we still in the melt-up mode in the markets despite today's sell i don't have? >> i any -- i think we're in the chop mode david and get a brief selloff. i expect us to close the year strong. unless the economy slows down significantly or much higher interest rates it is clear sailing. the gains will not be as large as they have been the last year. david: george, danielle, great to see you both. happy investing. thank you very much. wall street weig

jeff bezos mark zuckerberg, warren buffett, tim cook among those invited. it will be a huge guest list. also wednesday, we are going to get the minutes from the latest fomc meeting as well as the u.s. jolt always exciting, but especially now. on friday, g20 ministers will meet. the deadline to wrap up talks on the plans for a global minimum tax. it is supposed to be the deadline, but we know how this works. if not everyone agrees, it won't be the deadline. surely they will continue to try. that is just how it goes, and there are some holdouts, those who have tax rates currently below the minimum tax rate. most to agree have tax rates above the global minimum tax rate. it seems like that is easier than pushing taxes higher. dani: i am thinking of the u.s., it might not be a sure thing because it has to get approved by congress. that is surely an obstacle in the u.s. as well. it is not just high tax countries as well. sticking with the u.s., we saw jobs in the country jumped by the most in 10 months, despite a higher unemployment rate. >> this is a mixed repo

. >> something we are seeing now and you could say warren buffett was really the first to do it tryingt policy holder promises. if you think fixed income, it is very challenging you can align with the asset manager. original gnat private credit make mortgage loans, you can generate higher returns. aig and its board made a very smart move here. they brought us in as 9.9% investor they are allocating $50 billion that will allocate $100 billion they also sold us more which we brought to the private retail investing platform that really encap laces our business where do you think we are? we have the pulse around the world and what the world looks like on the other side >> here in the united states, i'd say the economic momentum continues to be quitestrong. we'll have to watch the delta variant. when we look in the second quarter 98% with the area where we had one default we are seeing leisure and hospitality recover quickly. really, things are very strong housing, autos we are keeping our eyes on inflation commodity and labor markets. we are seeing it in hotels are you with jay powell or w

bill gates and warren buffett are giving away 99% of their fortunes to do good around the world and inat is being positive, instead of negative, this is something to celebrate. i would much rather those gentlemen and melinda gates giving money instead of being taxed into absurdly high rates and government running off on the money on terrible spending programs. ashley: yeah. >> we should be celebrating what the private sector creates in this country. it is great. ashley: i couldn't agree more. all right, gentlemen, thank you very much. let's go to the break now. the taliban, by the way, gaining ground in afghanistan, fueling fear and uncertainty. greg palkot has been on the ground, talking to afghan soldiers and civilians. he will join us with a live report after this. ♪ man -- band on the run ♪ as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze drifting on by you know how i feel. ♪ ♪ it's a new dawn... ♪ if you've been taking copd s

warren buffett said that is a mistake.am curious to see what that allocation is to retail investors. he didn't answer that question. >> who is getting it >> it's potentially the lower end of that 25 to 30% range. it will be interesting to see how that plays out and what kind of pop potentially we get in this today and beyond. >> well, meme and beyond. >> and beyond. >> very meta, isn't it >> jim, how about tonight? >> i'm in the meta verse i have one of the largest agriculture companies, glowucos monitor, terrible diabetes epidemic and then i have a guy, vlad tenev. >> he is doing the pre and post. >> pregame, postgame. >> yeah, it's earn certainly his day. it's vlad money tonight. >> i am so excited morgan, great to be with you, too. >> having four on the desk like old times, right >> had to fight hard for that. >> i want to hear about the money app five years from now. >> what paypal's gonna do. i hope everybody is not a flipper. i hope they look at options because options, yes, are higher risk. >> see you at 6:00. >> wh

>> well, it's not me saying it, ashley, it's warren buffett., but it's also psychology as well when it comes to the market. there's an old saying the market's a pendulum, right? it swings from fear to greed. to parafrays mr. buffett, i think we're much more on the greed end of the spectrum. all-time highs is bullish, but when you see this type of optimism, 40% of people who got a stimulus check put it into stocks. cow simply wouldn't have seen that -- you simply wouldn't have seen that back in 2010. ashley: that is very true, but isn't there good reason to be bullish, i don't know, in the short to midterm? the latest jobs report is something that the fed, you know, it's the goldilocks report. and with that in mind, the cheap money is still sloshing around. isn't there good reason to i stay in the markets? >> there is a lot of optimism out there. you've got giselle and tom backing a crypto company -- [laughter] the meme stocks, right? these are all signs of a lot of optimism. and on some of the good economic reports you talk about, stuart -- exc

warren buffett has got it correct. we need to put our heads together. thank you, mr. president. a senator: mr. president. the presiding officer: the senator from alaska. ms. murkowski: mr. president, just about a month ago i was on the floor, senator durbin, from illinois, was here. we were on the floor at that time to ask for unanimous consent to pass legislation to fix a technical issue with the voca deposit. as colleagues will remember, voca is designed to -- to help sustain the crime victims fund act, or that's the legislation that we had introduced at that time. and just to refresh memories, i'd like to reiterate why this fix to -- to the victims fund is so essential. effectively what we're talking about here is stability, sustainability and really certainty. i had an opportunity in late june to host a roundtable with members from the victims' services groups from around the state. we were focused on the impact of the voca deposit issue specific to -- to alaska and what it meant for those who provide for the services for victims, whether these are the child advocacy centers

warren buffett did okay buying tech names not so early.on your risk/reward if you get in and own the moon shoots, pardon the pun, take the mentality if you invest in ten, eight might fail one would be a dud maybe one, if you are lucky, one of ten would be a multiply ier r compounder >> does the spac model mean more on the market or coming toward us >> it does it does effect the thinking. it is something that people wouldn't have predicted. historically space with government and smart people on capital to do crazy things you are getting engine of democratic capitalism and retail investor and democratization it will result in successes that otherwise would not have a path to capital, right? it will increase a lot of shots on goal. maybe increase the absolute. we think it will be better for the technology over time than the average individual company's chance of success if you know what i mean. many of these may be white elep elephants, but the tech will do well the historic event of 52 years, joe, i'll ask where you were and what you were th

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