you felt warren buffett was wrong about something, and you talked about it and you did it how did ittty good. he was wrong, i was right. >> you had the conviction. even though people know you're not supposed to go against warren buffett why didn't you keep your mouth shut why was it worth not talking about? >> i covered a lot of stocks that had asbestos liability risk i did my homework and started talking to attorneys who were aggregating consumers who got sick, and recognizing there was a legitimate case against the manufacturers of these products. i basically believed that they were unfortunately at risk of going bankrupt and you know, frankly, jim, you know me a long time. when i believe something, it's hard to get me off course. it didn't matter who it was, frankly. when warren buffett doubled down and bought the stock and basically everyone in the market, i was on maternity leave and getting calls from the guys at solomon brothers. they were like, no, credit suisse they were saying, ivy, you're so wrong, and i just stuck to my guns i just knew i did the research so it didn't mat

>> i know that it is underperformed of late it's warren buffett. it's a great collection of assets i would say you could make it one, you know, let's say you add ten stock portfolio, i think you make it one-tenth your position. not more than that though. i don't want it more than that i'm always looking to highlight the most important stocks in this market for you. the ones that define the moment and show you where the money is going. you didn't think about two major themes driving the averages, supply chain disruptions and high interest rate and you need to know right now that this is my mad dash and this is my stop trading and, boy, they're ever catch touring the moment on "mad money" tonight, looking to gauge the health of the economy? turn to the rails. i'm checking in with one of the best, union pacific. supply chains and congested ports. then there is a new universe in town i'm digging into the world of the metaburst and sharing the best place to put where those are. and we have dr. scott gottlieb on this is how i look at it i read every sing

i have great respect for warren buffett. i asked him, he was talking about the wealthy paying more in taxes and i asked him what he had in mind. if you made a million, 35%, over 5 million, 5%, guess what? if you live in california, the margin is 62% and it's counterproductive. i love thomas so, the black conservative columnist at the stanford institute in the era of social justice what is your fair share of what someone else has worked for? we have to stop this bickering and arguing. we have to start getting along i went back and looked and i don't think ronald reagan attacked wealthy i don't think george bush attacked the wealthy and i don't think bill clinton attacked the wealthy. this thing startsed by president obama in november 28, 2011, and i criticized him the the 9% are being screwed by the 1% and you should be telling the 99%, with hard work, luck they can be a part of the 1% >> if you look at polls right now, the american people are in favor, i think, by a wide margin of the wealthy people -- the ultra wealthy like

warren buffett does not sell so he does not realize capital gains.means he has significant increases in wealth but not significant income as we define income. democrats have been trying to change that. there is not enough support among democrats to do that. as far as federal income taxes, federal income taxes are highly progressive. you added under -- you at in other taxes, people are paying a greater share of their income but it is less progressive than the federal income tax. on amazon it is a trickier question. some of the reasons amazon's tax payments are somewhat low is because they are doing research to get a tax credit for that, they invest in expanding their equipment and be able to write that off immediately. in some ways they are following the tax code that has been laid out and that congress has put out. that is always a tricky thing where he want companies to pay but also give them breaks to not do that with valid policy regions to encourage those kind of activity. host: truth or consequences, new mexico. good morning. caller: i have a su

warren buffett over and over the berkshire hathaway part of the crime. and then benefiting not only by immunity from the crime, but then buying assets for pennies on the dollar as a result of his own terminology as well as the other wall street bank. so it's really a virtuous circle of crime. the u. k, of course, is set the standard for a class war and till featuring the poor through a lead ism. but the us, you know, we have a revolutionary warning get away from that. sadly, we're pretty much given away everything at this point. so you can see the 2 tier system coming in, they're projecting what they're really understanding what the c, b c's. as kaiser report has pointed out these central bank, digital currencies, they see a new harder, better money bitcoin. right. and like a cargo called, they want to mimic the like. our currency is also digital. it's also online, right. and therefore it's as good as big coin. no, it's not. that's how the central bank system is. fee up on top of gold. remember they had gold for a long time, thousands of years, and then

warren buffett loves us. and that's going to continue. now for the next 5 to 10 years, that's not going to stop michael. i love when you ask the question and answer it for yourself. it's statistically, if we got real rates are negative, they're positive. that i'm saying that from a money management perspective, why would i go against what i see to be the facts. you know why an apple stock might going to go up 20 percent a year for the next 10 years. first of all, i, you know, i manage money for living, unlike some people and i manage money for living, meaning that i have to decide whether i want to buy dollars or sell dollars. if you look at terry's history, when we have a global chaotic outbreak, the dollar always rises. not now. i'm not saying the dollar is going to rise against real estate, which is of $900.00. the biggest increase in real estate we've never had, you know, the year was a june figure. i'm not saying it's not going to rise against the dollars, not before you stop and say that, i mean, i manage money for living. i actuall

according to the twitter account, of course, centrally outperforming bitcoin that's and p $500.00 and warren buffett. berkshire hathaway. wow. so we've been getting it wrong. all along. all we had to do is get on twitch and follow the hamsters live stream, and i mean, he knows what he's doing. you can see he go through the by when it's time. sometimes i have noticed in some of the videos that i watched, he likes to go through the by tunnel than right through the cell title. he knows right away, he's get that volume trading up here on top. we could learn a thing or do it for the time. you could get boom bust on demand on the portable tv app available on smartphones and tablets through google play in the apple app store . you all you gotta do is just search portable tv, portable tv. you can also download it on samsung, smart tv and roku devices or simply check it out at portable dot tv. well see you next me . i join me every 1st day on the alex simon show and i'll be speaking to guess on the world. the politics sport. business. i'm show business. i'll see you then me on with me to work in the law when

i mean, it's kind of tied to what warren buffett said, about the, the weapons of mass, financial destruction, better, you know, is the spaghetti tying all of this globalized system together. and now we're seeing that because of coven and the supply chain disruptions and the disruptions to the education system, not only for children and young people, but also for universities. and for, you know, that sort of schools and training programs that teach the plumbers the, you know, the people who maintain the electric grid or the people who maintain the supply grid, the logistics grid. and those new people are coming online because they haven't been trained for the last year and a half going a, we're nearing 2 years now. you know, what are you going to do? some people say of us go to india, right? well, india, massive fleet of coal plants are running dangerously low and stockpiles, which may, for some asian to buy expensive shipments of the fuel or else risk blackout. they may have to buy expensive shipments of the fuel as we just covered, china is also out there trying to find expensive shipments

you've had people like warren buffett over the years who have said this has to stop., less than his secretary is paying in terms of taxes. when you keep fiddling around with the marginal rate on incomes going from 37 to 39, you're just not going to get there. you will squeeze those people who are wealthier who are taking back, you know, 400, 500, $600,000 a year, but you're not going to touch the ones who don't have income. >>> coming up, for those fleeing the country is just half the battle. many face challenges once they're out, and that's where our next guest comes in. that discussion just ahead on "morning joe." ahead on "morning joe." i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles? shingrix protects. now you can protect yourself fr

everybody pays the same% if they actually pay her taxes because the problem is, we see this with warren buffett because of the write-offs and tax breaks and loopholes that he's eligible for we need to clean that up. dan: the flat tax would be a great idea but they are written into the law. he's not breaking the law number one and second, he said it's not accurate and give the opportunity to correct it. the bottom 50% of income earners only take 2.9% of the income tax so they are not paying the heaviest load, that's not true. it's actually the top 10% of taxpayers think 71% of the taxable so as not accurate, i don't know why people say that. it's not true, it's factually incorrect. is a chart showing from the tax foundation exactly what i just said. the top 1% paid 40% of attacks so how much more should they pay how much less should the middle class and lower income boys pay? >> they are paying a lot of taxes. he's being small percentage of increase because he basically manages to probably and most and forgiveness promote and discuss all of these things but he is not paying his fair share. can w

and so this isn't going to affect warren buffett.nteresting and i want to make this point about farmers. 40% of the land in this country that is in agriculture is not farmed by the person who owns it in fact, farmland is owned by a lot of billionaires and a lot of wealthy people if you exclude farmers are you going to exinclude the people who own the land because what could happen exactly in this proposal is when -- because the tax is immediate, when someone inherits it if they can't afford to pay that tax they then will sell the land. that lapsed will go on the market and be adding to consolidation of agriculture overall. so i'm trying to sound the alarm both economically and plumbly for democrats that this is not a path to walk, which is taxing unrealized gain. you can look at different strategies for stepped up basis, for realizing some income tax when that asset is eventually sold, but the disruption that this would create for small family businesses and for farmers and for family assets is just not worth the pain. in fact, ironi

. >>> what if i told you there's a way to beat the nasdaq, beat the s&p 500 and beat warren buffett andis beat this hamster's advice. they called him mr. goxx he's been trading crypto since june his portfolio is up 20% since he started. we don't know who his human handler is, but we do know where he makes his trades, the goxx box. it's rigged to automatically trade crypto first mr. goxx takes a run on the intention wheel which let's him pick a crypto. then he can enter either of the tunnels, the decision tunnels, buy or sell. the recent selloff has been tough on mr. goxx. but according to data by the crypto news outlet, mr. goxx is still beating just about everybody during the time for which we have data here is a live look at the market's furriest trader, probably right now thinking of his next big move. buy now, pay later sort of a modern day layaway, right? like most things, the devil may be in the details. >>> supply chain pain. why your holiday shopping may be frustrating at best. ships stuck at sea with your precious packages on board small companies feeling it's another day. and

warren buffett said when the tide goes out. here we go.han: we just don't know who that is yet. >> i can tell you are trying to figure out how to censor yourself. >> how are those markets doing? >> pretty boring to be honest with you. down a little more than a 10th of 1%. down three basis points. do you think the archegos routine, but we went through, the episode isn't that a decent analog for what's taking place? lisa: damien was saying they are looking for it, we are not seeing it necessarily huge pockets being pulled out of the market. whether we reach that trigger is unclear. i do not know and i don't know enough to say i know or a don't know but i do think increasingly the more international the world becomes in the more you get the likes of ray dalio investing in china despite these regulatory concerns, the more likely you are to get some of those pockets. >> damien knows we get a little bit nervous. >> added to the list. barbell, idiosyncratic. >> doesn't just become a broader em story eventually? >> for china it becomes harder for

david: remind me of what warren buffett used to say.as on youtube listening to him -- he said, you buy the company that you are comfortable with if and when the stock market shuts off. you will be able to have those stocks and work your way throughout the closure. some wisdom from uncle david. vonnie quinn [laughter] in new york with the first word news. su: markets will continue to tighten. data presented to the technical committee indicates they will file an average it -- barrels will fail at an average rate of 125,000 barrels per month. the u.s. wants more involvement from japan and china in the global fight against climate change. john kerry is in asia to reinforce that message ahead of the international summit in scotland next month. he met with the prime minister suga in tokyo and he will be in beijing this week for talks with his chinese counterparts. bloomberg has learned that u.s. regulators are unhappy with wells fargo's progress in compensating victims and showing up controls following a series of financial scandals. the bank

that was 2018 how do you go up against not only nike but brooks which is p play running on by warren buffett they have the power and the cash pile behind it with the buffett money, what is your strategy in taking more market share. >> one is living at the end of the section of technology and sustainability. this is how it's all around the world we have an amazing team working very closely with our consumers and our retail partners and our partners all around the world i have full confidence in this team that they can be successful and very competitive. liz: i know you're in apparel and i'm interested to know your next efforts, i know you have a hiking booth, will you start branding university shoes like under armour which has a new auburn university shoe out. >> we are a brand out of performance running in the natural progression that people said my most controversial running shoe that i want to run all day and everyday, and let us into thickness and running in all day customers as we call it these are some of the biggest segments in sports and the very discipline to execute on that because

we know whether you are warren buffett or the local restaurants that i recently held a roundtable withare is a huge barrier for getting people back to work. tom: the nation is in crisis, even if you were playing baseball last night and that double-play you went into was terrible. kathy clark, you mentioned bad water. dan kilby of flint, michigan has lived bad water. he's got to go out for u.n. speaker pelosi and count the votes today. can you count the votes attaching this infrastructure bill to a $3.5 trillion social agenda of liberals? rep. clark: this is the agenda of the american people. this is the agenda of american business. do we want a full recovery, or do we not? these are absolutely on parallel tracks. they are the president's agenda, built from his conversations throughout this country. so whether you are in rural america and you can't find childcare or you need to get the lead out of the water in our urban cities or in our suburbs, this is all part of how we address this moment of economic, racial, and climate justice. lisa: do you think there will be a vote today in the h

>> well, i'm extremely lucky that with the help of melinda and the inedible generosity of warren buffett to take these important causes and bring innovation to bear. we were finding mrna vaccines when it was still viewed as something that would never work. now that has turned into a source of some of the very best vaccines. . we have great hopes to use that technology for an hiv vaccine. our work has reduced childhood death rates dramatically over the last 20 years. this is my second career. we have hired great people. we have made some progress. the visibility is not his highs it should be. maybe one small benefit of the pandemic's people realize how weak these systems are and how diseases like malaria and polio are still out there. and an incredible tragedy. so, i am very lucky to be involved in this work. it has gone way better than i expected. this will be the focus for the rest of my life. judy: bill gates, we thank you very much for talking with us. >> thank you. ♪ judy: since the beginning of the covid-19 pandemic, the u.s. justice department has released more than 30,000 nonviole

more than 20% that is a better return than bitcoin over the same time period, s&p, nasdaq, and warren buffett'sway, meanwhile the trading platform e toro seems to be caught on a wheel of its own as it tries to go public amid increased regulatory scrutiny, the ceo is here on when the exchange may finally make it to the market, and what's working with the sec is really like right now. cryptocurrency is actually turning around seeing some games , bitcoin had been lagging earlier today it's up half a percent of $183 to 43, 178 and yes, ether moving higher too, we're coming right back. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com black rock silver

yes they are coming two thirds of the product lineup that is good for the stock up 4.7% still warren buffett said he paid way too much for craft time. general mills also in the s&p top-five at this hour after forecasting the smaller full-year sales drop in previously expected, the lucky charms and wheaties maker of four and half percent. on the flipside cody shares looking pretty ugly a day after a discounted secondary offering by kkr the private equity giant selling 50 million shares, the problem is it was that more than 8% discounted yesterday's close so you have cody shares down about 11%, also getting stung by stock sales bumbles lighting for a second straight day on a secondary offering by goldman and city is down 3% and neil getting clipped by 6% the chinese maker tanking on plans for three billion-dollar share offering to help raise new funds. nio is not the only drama in chinese stocks, also getting smacked down nettie's and ten sent following a report that both gamers were summoned by government regulators in china. that's not good and what's an ongoing attack on the industry by xi

i said i was a hungry hip po whe you asked me if i was still buying warren buffett, what's the most important trait of a good investor he said if he had to choose between the two he would take temperament over intelligence because everybody's intelligent, but not everybody has the temperament to compartmentalize like worries about delta virus and this and that and look at the forests and not get too caught up in the individual trees and the forest is healthy. at its low point this week the percentage of s&p names that fell to 20%. that was the lowest level that we've seen going back to last november historically, during the entirety of this rally those moments when you get the percentage of washouts that's where people have been paid for -- for being intrepid and buying so now look at today, the rsp is the invesco equal weighted s&p and it is up 1.7% versus 1.3% in the market and it's a very healthy tape and then you think about some of these stocks that are consumer oriented or cyclical, discover and capital one financial. these are very sensitive to the environment for the consumers. they'r

also time for one more thing today that's a crypto currency trading hamster that's outperforming warren buffett. gots a hamster that exclusively trades crypto. he picks between dozens of crypto currencies by cycling through them on his wheel and then executes buys and sells orders by going through different tubes. his life streams are broadcast over twitch. he can be uncertain in his decision-making but tends to work some late hours here he is executing a buy order and then immediately selling before buying again. we can't argue with the results quite yet, guys. he's up about 20% since opening the account back in june that is better than the s&p so far. jon, traders they get younger all the time >> they do julia, i would like to see him working just four days a week though and see how his trading goes >> yeah. amazing stuff. what will they think of the next we have to get some of his stock picks as well. >> we look forward to seeing all of you let's get to the "half." >>> welcome to the "halftime report". i'm scott wapner is today's stocks a sign of things to come a good to see everybody. we be

so it is -- and i think the other things are i think it is warren buffett that said this, over the short-termthe market is like a voting machine but over the long-term it is like a weighing machine and thinks get weighed out accurately so if you think about we went public eight and a half years ago i think on our s-1 when we filed. we had less than a billion dollars in revenues and we had around 70 or $80 million of ebidta and over the course of the journey, it has been a volatile stock because it tends to be misunderstood. a lot of the story is misunderstood and it is an evolving story when you're innovating and you're inventing, there is constantly change. so it is hard to kind of pin down who are we like and what are we doing it is not familiar to people but the most important people we have to focus on is not really what wall street said about us or what analysts say about us, it is not with the short sellers say about us it is really what the customers say about us it is what the customers say about us and the customers are the most important votes if you're looking for votes. >> so let'

you know, i'm extremely lucky that, with the help of melinda and the incredible generosity of warren buffettle to take these important causes and bring innovation to bear. we were funding m.r.n.a.vaccines when, you know, it was still viewed as something that would never work. and now that's turned into a source of some of the very best vaccines. we have great hopes to use that technology for an h.i.v. vaccine. you know, our work has reduced childhood death rates quite dramatically over the last 20 years. so, you know, this is my second career. we've hired great people. we've made some progress. the visibility of the inequity here isn't as high as it should be. maybe one small benefit of the pandemic, because people realize how weak these health systems are and how diseases like malaria and polio are still out there and-- and incredible tragedies. so, you know, i'm-- i'm very lucky to be involved in this work. it's gone way better than i expected. this will be the focus for the rest of my life. >> woodruff: bill gates, we thank you very much for talking with us. >> thank you. >> woodruff: sin

but elon musk and mike bloomberg, warren buffett, some of these folks pay just very, very low rates. they're -- there are a lot of -- of course, there are lots of ways, but the two best examples of the big difference is, first, that rich people don't earn income in the swam that middle class people do. the vast majority of our income as a consequence of capital gains, which are taxed at roughly half the rate that income is. and that's the first injustice. carried interest is also taxed at capital gains rates, too. but the other gain you can play, of course, is with a big set of assets like appreciated stock, you can just borrow money against that for your lifestyle. and because you're not selling anything, you're not paying any taxes. i mean, eventually, you'll have to pay taxes. but you certainly don't in the interim. and for people like bezos and musk or people with billions of dollars of appreciated stock assets, that's a game that's super ease to play. and obviously, very unfair and we should find a way to address it. but i want to make one more point. following up on dorothy's c

you can find jesse eisenberg's interview with us, but when it comes to warren buffett, his wealth growth was 23.4 billion dollars. his reported income was $23.5 million. he paid tax -- 125 million dollars. he paid taxes of $23.7 million. jeff bezos, 4 billion-plus in total income. taxes paid, 970 $3 million. taking the tax rate .9%. michael bloomberg, 22.5 billion dollars in wealth growth, $10 billion reported. 29 point $2 million paid. taking that into account, his tax rate 1.3 percent. elon musk, 13.9 billion dollars of growth. $1.5 billion of reported income, $45 million of taxes paid. then 3.27% of tax rate. you can find that at the pro publica site. if you want to go to our website, c-span.org, you can do that. let's hear from keith in florida. hi. caller: hello, pedro. my opinion is, what is going to happen is he is going to hit us out here that depend on the stock market towards our retirements. and he is going to tax that even more. so that affects us down on the bottom rung of the ladder, and our fireman's, and we are not wealthy. and that is not right. we are retired. he saved

we were happy to partner with the administration >>> finally, warren buffett's berkshire hathaway raised the stake in kroger during the quarter. has there been discussion? interaction with the berkshire team and buffett himself >> obviously berkshire hathaway owns north of 8% of the company, so we have regular talks with the two of them. we continue to work very hard to make sure we do everything can to make them look as smart as we can. >> rodney mcmullen, thank for you joining us the stock is down, but still an outperformer thanks, sara. >>> after the break, we just spoke about at-home covid tests. now you can get results on your smartphone at home the ceo of becton dickinson will join us. you're watching "closing bell" on cnbc. i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer. all the things, all around you... where you learn, work, and fly... we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader