. >> warren buffett has said that people would be better if they put money in stock index funds rather than picking stocks as your firm does. what do you say to warren? >> he is preuss -- proof positive it is possible you can outperform the broad market. more importantly in our world we believe in the efficient market theory and the inefficiency is in areas overlooked, misunderstood. people do not follow it very well. so, the smaller companies tend to be less widely followed. you also see inefficiency in international markets where we work and live, at ariel. we think we can exploit those inefficiencies in those areas. that is where we would respectively disagree with warren buffett. >> david rubenstein peer-to-peer conversations is sponsored by wells fargo, helping clients use profits for a purpose in the communities we serve. david: i want to talk about starbucks. you have been on the board for how long? >> since 2006. david: do you go to starbucks every day? do you have to wait in line like everybody else? >> yes. that is important to see how everything is working. how long it takes

at the same time, i take the warren buffett view.u are born in america, you won the birth lottery as he says, and america's promise remains very great. we have had a certain spirit this country that i think is in our dna, and if we can realize our best selves, which is what america was founded on, inclusion in terms of religion, people from all walks of life, all of these things, being a melting pot, if we can realize that, our future is endless. the question is if we will allow ourselves to realize that. ♪ david: some people would say you are on a lot of corporate boards and nonprofits, you have married a wealthy famous person named george lucas, the creator of star wars among other things. why do you need to be the co-ceo of ariel? why don't you do nonprofit boards, corporate boards? why do so want to do this? mellody: anyone who knows me knows that that does make sense for me, because my heart, my love is ariel. it is my first child. it is everything i thought of when i woke up. john started it, i'll think we compete for the love

. >>> warren buffett's apple stake topping 162 billion.imeline of that trade is coming up next. >>> we're obviously watching tech stocks losses in the nasdaq pi piling up today as the s&p, jon, joins it in the red. >> yeah. but first, some news getting breaking amd, slate of new products, chips, more than 20 new cpus designed for notebooks got some new gaming products as well. a lot of design wins here. more than 200, topping last year's design wins meaning that these chips are going, planning to be put into oem, customer laptops. we're going to speak with amd ceo lisa su about all of this in just a few minutes as well as the pc outlook for consumers and for businesses in 2022, deirdre. consumer electronic shows where we were originally planning to have this conversation, but, hey, we're still having it it's consumer electronics week here on "techcheck." >> we are. we're just not in vegas, jon i know you were supposed to be there on the ground as were many, many others. likely the first of a few conferences we'll see go more virtual. thoug

david: warren buffett said people put their money in stock index funds rather than people who are pickingtocks as your firm does. what do you say to him about that? mellody: he has outperformed by not owning an index, so he's proved positive it is positive you can outperform the broad market. more importantly, in our world we believe in the efficient market theory, the inefficiency is in the areas that are overlooked, misunderstood, people do not follow it well. some smaller companies tend to be less widely followed. you also see that in the international markets. that is where we work and live. so we can exploit those inefficiencies in those areas, which is where we would respectfully disagree with warren buffett. ♪ david: let me talk about starbucks. you have been on the board how long? mellody: since 2006. david: did you go to starbucks every day? do you have to wait in line like everybody else? mellody: yes, it's an important part of the process, seeing how everything is working, how long it takes, what is happening in the store. david: when you walk into any starbucks, they must know

getting to other top headlines warren buffett's number two making a big bet this is not the kind of name i would have thought charlie munger would have been buying. >> nearly doubling its stake in ali baba raising its holdings and making its stake worth $207 million. munger has been bullish on china and applauded the country's crack down on jack ma's ant group. it did not change position on other investments like bank of america, u.s. ban corp or steel maker. >>> boeing to make a deal for the 737 max jet. allegiant air reportedly ordering 50 of the planes. the move comes as the low-cost u.s. airline eyes a rebound in tourism and shifting from buying second-hand planes fed chairman jay powell to make his first public appearance of the new year when he goes before lawmakers next week. taking up powell's renomination and will hold another hearing to consider the nomination of said governor to be vice chair. while discussing the central bank, white house press secretary said president biden is making diversity a top priority picking other fed leaders. >> charlie munger and alibaba. we were a

david: warren buffett has said people would be better off putting their money in stock index funds ratherle who are picking stocks as your firm often does. what you say about that? mellody: he is outperforming by not quoting an index so he is proof positive that it is possible that you can outperform the broad market. but more importantly, we believe in the efficient market theory. the inefficiencies are in areas that are overlooked, misunderstood, people don't follow it very well. that is smaller companies, they tend to be less widely followed. you also see that in international markets. that is where we work and live. we think we can exploit those inefficiencies in those areas, which is where we would say we would respectfully disagree with warren buffett. david: you think the economy is heading south? mellody: i am optimistic about the u.s. economy and globally. the recovery has been stronger than people expected and that will continue. the big issue is inflation which i don't think is transitory. i think it was to be expected given the amount of economic stimulus that went into govern

senators trades outperformed the market by 12 percent ber year, that crushes investment guru warren buffetts to beat it by 2.5%. >> a 2008 financial crisis turned it out to be a free for all for insider trading on capitol hill. according to a "washington post" expose 35 members cashed out on information they received from meetings with treasury secretary hank palmson and others. >> one of those attending was alabama representative spencer bachus. while congressman bachus was publicly trying to keep the economy from cratering he was privately betting it would. buying option funds that would go up in value if the market went down. he would make a variety of trades and profit at a time when most americans were losing their shirts. >> now look, i know seeing politicians profit off of an economic meltdown might make you angry but don't forget they suffered too. do you have any idea how hard it is to pretend to it be sad when you are making bank. they have to give speeches of fighting the urge to be the dougie live on camera. and obviously something fishy is going on when members of congress are

you mentioned, i guess rob mentioned warren buffett. i'll go with another icon, peter lynch.n i talked amazon. i don't think there's ever a bad time to buy that. but you know what i really like, and rob even mentioned the number, netflix. it's down almost 25%. it's near its 2020 lows after all this turmoil. are people stopping watching netflix? if absolutely not. they're going to keep paying that regular monthly. think it's in a great spot right here. charles: they always have room to hike it up. they don't really lose a lot. is there too much emphasis, guys, on the fed and all these different rules of thumb? when interest rates go up, you must do this. doesn't it come down to great old-fashioned stock picking, gary b.? >> yeah. i think it's good to know, obviously, what the fed is doing and have them behind you, but, you know, in almost any market -- as you well know, you preach this, charles. always a stock to buy or a good time to buy. we just mentioned, you know, who would have thought six months ago that netflix would be down 25%? so stuff like that, there's always a bar

at the same time, i think that -- i take that warren buffett view.hink if you are born in america, you won the birth lottery. i think that america's promise remains very great because we have had a certain spirit in this country that i don't -- i think it is in our dna. i think if we can realize our best selves, which is what america was founded on, inclusion in terms of religion, in terms of people of all walks of life, being a melting pot, if we can realize that, our future and our possibilities are truly endless. the question is will we allow ourselves to realize that ? ♪ david: with talk about how you became the head of the ford foundation and your background. you are not from new york city. is that right? darren: i am to fill enough from new york city. i was born in charity hospital in louisiana, a little town not far from lafayette and baton rouge. david: you are raised by a single mother. darren: i was. david: you grew up in texas more than louisiana. darren: we moved to texas when i was a little boy. david: you went to the university of texas

that's why you go the likes of warren buffett. you've done very well out of the past couple of years and they've reached the point where they're now with, according to some $1.00 trillion dollars, which is the equivalent of what the lowest earning 3 point. 1000000000 people on the planet. almost half the planet earning, and it's that difference between the wealthiest and the poorest that oxfam is particularly upset about it. let's talk about that difference because the poor stocks them in that report said, i've also gotten poor in the last 2 years. in particular. why is that? and it's not just at the very poorest. ok, sam says the 99 percent of the global population seen it's income dropped over the past couple of years. now. why is that? well, one of the key reasons is directly related to the pandemic. and it's the vaccine availability in different parts of the world. there's a complete gulf between, for example, developed nations where some people are getting their 3rd, maybe their 4th job already. and then you've got the develo

we have the likes of warren buffett.s is pretty much emblematic of the route growth names, yeah? david: the fact that warren buffett on the terminal today has a bigger net worth than mark zuckerberg shows you the shift that has taken place. i think elon musk mentioned that as well. when you look at what is happening in these markets, i think it is important to distinguish that yes, there is a shift into value, but it is not as if value has also been gaining. it has just been a lot more painful if you have had exposure to growth names, if that comes as a develop market context, or if two a lesser extent, haven names have providing some sort of haven but also experienced some sort of decline. when you look at what happened with china, that is interesting because the divergence of those themes, growth against value, has been a lot more pronounced compared to other major markets so far. as you can see, the outperformance this month so far on the onshore market is basically on track for, if i'm not mistaken, the best ever so

and they've got a long, long history of fraud and, and their most int, he used his own by warren buffett. they gave of course, collateralized more debt mortgage obligations right before the crash on wall street, 2008, triple a rating. thanks to that big sack of money that goldman sachs gave them, you know? so it's a joke. i agree, but i'm not laughing at their joke. all right, that's going to do it for this half stake. turn until the 2nd half. don't go away with with oh, driven by dreamer shapes bankers and those with dares sinks. we dare to ask look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except where such orders at conflict with the 1st law show your identification. we should be very careful about artificial intelligence. at that point obviously is too great truck rather than fear like take on various job with artificial intelligence. real. somebody with a robot must protect its own existence with oh, is your media reflection of reality? in the world transformed what will make you feel safe? isolation fo

and so for decades of contemporary of warren buffett . he's got a 50 percent possession and big coin, and he's outperforming his peers lie substantial margin. and he makes the case that big coin is de monetizing goal. why would i on goal is done nothing for 10 years. big coin as paul did, or john says describe that is the fastest source on the race. and so that's the thing about money management you've got to perform at the end of the year. at the end of the 10 years, you've got to show positive numbers. and you can allow yourself to be taken the way into fantasy land by what you want to be the story. you've gotta respond to. what is the story and the story is that big coin is de monetize. in gold and professional money managers and sovereigns around the world and sovereign wall funds and individuals are recognizing that and they're putting capital out of other vehicles and they're putting it into bitcoin. and the game theory behind that is, of course, once we saw that on the individual level, now that the nation state that is el salvador

and they've got a long, long history of fraud and, and their most, and she is owned by warren buffett. they gave of course, collateralized more debt mortgage obligations right before the crash on the wall street, 2008, aaa rating. thanks to the big sack of money that goldman sachs gave them, you know? so it's a joke. i agree, but i'm not laughing at their joke. all right, that's going to do it for this. have stay turned until the 2nd half. don't go away with a with with oh, when i was sure seemed wrong, i just don't a sheep out disdain because of the african and engagement equals the trail. when so many find themselves will depart, we choose to look for common ground. the me welcome back to the kaiser report, i max kaiser time now to turn to jimmy song. jimmy, welcome back. all. thanks for having me again. it's great to see you in this part of the world. yeah, i wanted thinking how to introduce you, and i think one of the things we got to cover here is that you have written many books at this point, but just list the books you have written or co written ok, programming their coin that

and they've got a long, long history of fraud and, and they're mostly used, was owned by warren buffett. they gave of course, collateralized more debt mortgage obligations been red before the crash on wall street, 2008, triple a rating. thanks to the big sack of money that goldman sachs gave them, you know? so it's a joke. i agree, but i'm not laughing at their joke. all right, that's gonna do it for this half state turn until the 2nd half. don't go away with ah ah, ah ah, is the earth still large enough to satisfy the ambitions of jeff bezos? you know, it's got its tentacles in so many aspects of the economy. there's nothing that amazon isn't trying to get into to step by step. the amazon empire has extended its group on the world that walks like a dog in choir like a dog as a dog. so amazon looks like monopoly trades like a monopoly makes money like monopoly behaves like monopoly. amazon essentially controls the market play. it's not really a market as a private arena, a wild where a single company controls the distribution of who daily products and the infrastructure of our economy.

and they've got a long, long history of fraud and, and they're mostly used, is owned by warren buffett. they gave of course, collateralized more debt mortgage obligations right before the crash on the wall street, 2008, triple a rating. thanks to that big sack of money that goldman sachs gave them, you know, so it's a joke. i agree, but i'm not laughing at their joke. all right, that's gonna do it for this half state june until the 2nd half. don't go away with all those driven by dreamers shaped one percent of those with in in who dares sinks. we dare to ask so called enhanced interrogation techniques used by the u. s. officials were basically designed as techniques to break down the human mind. if you force a human being to stay in a certain position doesn't take very long to the pain involved to become absolutely excruciating, but nobody's lean finger on you. you are doing it to yourself. we started adopting those techniques when i was station in mosul, among them were stress positions we this term. yeah. is already beginning to be evidence that these old techniques are now being use

and they've had a long, long history of fraud and, and their most and she is, is owned by warren buffett. they gave, of course, a collateralized morgue debt mortgage obligations right before the crash on wall street, 2008, aaa rating. thanks to the big sack of money that goldman sachs gave them. you know? so it's a joke. i agree, but i'm not laughing at their joke. all right, that's going to do it for this half stake. turn until the 2nd half. don't go away. mm. yes ma'am. oh oh, risky. in fact, will you elisa, typical there's only 9 but already a university students that away man's rational world. if everything you a on the kids to seems a new modest appointment. let's see. yep. you've got the floss, there's dos to deal with the digital spots. no, butch, this me a book over here, but the actual only thing with so the loss of nice mother, you quoted yahoo to him that he knew come, come, no recalls. he means shows control study program, use them. now. bush night nebraska, of course with level you're special, but i want the yeah my but i just have a birthday and of course think it was certi

and they've got a long, long history of fraud and, and they're mostly, she is owned by warren buffett. they gave of course, a collateralized more debt mortgage obligations red before the crash on wall street, 2008, triple a rating. thanks to that, the sack of money that goldman sachs gave them. you know, so it's a joke. i agree, but i'm not laughing at their jokes. all right, that's going to do it for this half. stay turn until the 2nd half. don't go away with yes ma'am. oh oh, risky. in fact, will you, alyssa? typical there is only 9, but already a university. students that away lance national. what if everything in a on the kids to seems a new, modest appointment. let's see. yep. you've got the was restored to deal with them digital snacks, and i am noble. choose to snable core with us. and so the loss of nice mother, you quoted yahoo chose the chemical no recalls he me shows control studies program, use them now. bush night, nebraska and of course with level your special i was the yeah, my is what i just said. i had my 1st thinking what sir. the playback was to get on the she was i

and they've got a long, long history of fraud and, and their most hughes is owned by warren buffett. they gave of course, collateralized more debt mortgage obligations right before the crash on wall street, 2008, triple a rating. thanks to the big sack of money that goldman sachs gave them. you know? so it's a joke. i agree, but i'm not laughing at their joke. all right, that's going to do it for this half. stay turn until the 2nd half. don't go away. mm. yes ma'am. oh oh risky is that will you? elisa? typical there is only 9 but already a university. students that away and special effects. everything in a new month appointment. let's see. i believe you've got the doors to deal with or get a chance that he may come come no recalls with a brochure new prescription level. you're special, but i was the yeah. my i was thinking what the plan was to get on the she was in your mind getting this, i'm the leader with his teacher was reason this one is a good to me. we should all been may we should all be angry. i was more. all right, can understand united states history and the role that slav

warren buffett could learn a thing or two from old nan. when pelosi was confronted with this obvious conflict, she clapped back with this. >> ban from trading individual stocks. >> no. no to the second one. we are -- a free market economy. we should be able to participate in that. >> laura: meanwhile the big tech companies she should be raining and are helping to beef up china's mass surveillance apparatus. they even lobbied against a bill to ban products made with chinese slave labor but at least pelosi got her payout. if we had a real press corps, pelosi's actions would be front page and lead the news every night but instead the regime media is always promoting the upcoming beijing games. >> the beijing winter olympic games are four weeks away. winter olympics. >> wow. >> mark your calendars. you can catch all the action on the networks and services of nbc. >> welcome back. the winter olympics beginning in 23 short days. can't believe it. >> laura: huge propaganda victory for president xi. it's shameful. in november, voters of both parti

ray dahlia just like warren buffett, a great example of how to be a smart businessman with terrible politicss to emulate to align with communist china? this is frustrating, flabbergasted and infuriating. he knows better. more wealth created, it's created by more freedom, to earn money china was doing that for a long time. china's advancement in the 2000 really came only because of their liberal nations in the 70s and 80s so if you want to create more wealth, he should be advocating for more reid him. kennedy: they are not creating creativity, they are stealing from the united states so intellectual property theft has been a popular channel for them to take great ideas birthed from the incubator of capitalistic forces, they steal them so they are way ahead of the game in terms of developing those ideas and they were able to implement them through state run companies. >> a lot of that has happened but in early 2000, china had a getzlaf gdp of about 900 a year 20 years later it was $10000 a year, that wasn't because of the electoral property, it's because freedom, liberalization, the same occur

warren buffett thinks coca-cola is one of the best that stock isn't doing anything. at least amazon is doing anything i refuse to capitulate to the crowd. i smell their degrees penny and i hear their roar and i think they're wrong. mike in louisiana. mike >> caller: boo-yah this is mike from shreveport. >> i love shreveport it's underrated. what's going on? >> caller: i've been a fan of the show since may of 2005 i started a position in a stock since six weeks ago. i've been buying a little at each dip i'm beginning to wonder should i buy, sell or hold nvidia. >> nvidia is a long term situation. what's the matter with nvidia, a lot of people right now, it and a couple of its brethren got overextended at the very top people got way too enthusiastic but you know what, that enthusiasm is being wrenched out of the stock we own it for the trust. we own a bunch of winners. some of which we trimmed and some of which we say, you know what, we're going to be in there as long as the same management team is in there and that team continues to deliver fantastic products for the

. >> it's a strategy that bernie sanders has used before, he called on warren buffett to intervene last and then there was the beef with jeff bezos over the minimum wage, amazon raised the wage to $15 an hour after sanders introduced a bill that would have penalized the company. >> people are sick and tired of the greed we are seeing. people on top right now during the pandemic are doing phenomenally well. while working people are struggling many are dying, literally, as they're forced to go to work in the middle of the pandemic so this is not a complicated issue. >> reporter: there is one thing that sanders and fink do agree on that's the urgency of climate change sanders said he's not worried about alienating a potential ally in the fight. blackrock reports earnings today. so we'll see if this comes up as any political risk. >> so the idea that bernie sanders is going after blackrock as the main shareholder to force somehow the end to the labor unrest at a coal mine in alabama. this is getting deep. >> reporter: yeah. i think what's interesting here, you're seeing the move by progress

want to do is create an investment vehicle, from what i understand, that looks a lot like what warren buffetta company that invests in other companies. not quite a spac, but they want to do something that's kind of a hybrid between a berkshire hathaway public company and a spac. so it's going to be very interesting going forward. you know, this is not a done deal. we should point out that the financing could be announced. what type of financing acacia and starboard are going to do could be announced today. i hear some of the inside details, they're going to sell some as tents that a -- assets that acacia owns, but financing, and, you know, smith is one of the major players on wall street in this space. so if we're going to be handicapping here between smith and his, and leaning on peter cohen and this whole thing, i don't know, i'm handicapping a little bit to him and his bid. it's going to be very interesting. watch the terms of the financing coming up today. i'm sorry, liz, what were you saying? liz: there's peter. peter's a legend. charlie, does this -- i'm not saying it's the same thing,

warren buffett be proud he's big on being disciplined no matter what the market is doing, mark great you thank you very much, mark schiller. >> my pleasure, thank you. liz: its been a rough couple of years down on the farm. first it was donald trump's tariffs and now, joe biden's inflation, not to mention mother nature's wrath. grady trimble is talking with farmers about the endless headaches in the heartland, with the closing bell ringing in 38 minutes, dow jones industrials now down just two points, call it four, five, i don't know, six , [laughter] it's a very narrow trading range here. we're coming right back, nasdaq still up about 32. ♪ limu emu and doug.♪ and it's easy to customize your insurance at libertymutual.com so you only pay for what you need. isn't that right limu? limu? limu? sorry, one sec. doug blows several different whistles. doug blows several different whistles. [a vulture squawks.] there he is. only pay for what you need. ♪liberty, liberty, liberty, liberty♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponso

warren buffett up nearly $4 billion for the year that's thanks mainly to that stake in apple now, iftal, you have some big losers, zoom ceo seeing his wealth fall by more than half, down $7 billion and vlan tenev now worth $900 million, guys he is no longer part of the three comma club that stock down a little more today. back to you. >> it's good to keep track of these, robert, thanks. robert frank. >>> rivian shares coming off worst day since november. off t worst day since november, and b of a by now is naming it a top pick along with lucent for 2022. lucent has come off the early morning lows crypto is cratering. a look at what's driving that sell-off in a moment with the dow do 1 wn16 zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable net

as warren buffett said when the tide runs out you find out who is wearing swim trunks and who isn't.ut election week 2020 how all the major networks and the ap all called the race and all told the truth that president biden was the president-elect. even fox told the truth in that important moment. you think about the future of media and politics, if we don't have institutions that do that work, that do the data analysis, that know what happened in the election, you know, then we would be in a much worse place as a country. by all means we need institutions to be defended so that there's some -- there's some third party that can call it like it is and tell the truth. >> well, you say that might be an old fashioned notion, hopefully it's also a new fashioned notion. we need to revive a public square in our culture, which is that we can agree on hard facts, on some common truths about what is and then as vigorous as we possibly can over what should be. at least we are having that argument over a body of common evidence and sort of generally recognized truth. >> right. you know, there's

a bit on the old warren buffett thing. why are you so much a believer. >> thank you, charles.tcoin is peer-to-peer payments. it's a global payment system. lastly it is digital. a lot of things in our lives are digital as it is. only makes sense for our money to be digital as well. charles: i think crypto evangelists, i'm looking hard to find them, i'm lucky to find you, underestimate how governments around the world are desperately trying to derail the movement. are you worried at all? >> i'm not worried at all. there are governments that don't like bitcoin but other governments are spearheading the revolution like el salvador. having bitcoin used as legal tender. i hope that other countries follow soon. charles: they have to protect their fiat currencies. america is based on top because we're the world's reserve currency, the dollar bill, the strong greenback. they will say one thing but do everything possible to make sure they never get any competition, real competition from bitcoin? >> well bitcoin is, you know censorship resistant money there is no stopping bitcoin. there

some of them come out and say, like warren buffett, i want to pay more.ho founded the price club which became costco. he would call me and say, i have a favor. what's the favor? i need to do more, can you work on better ways to get me to pay my fair share. it's just not good for the society. when john kennedy said a rising tide lifts all boats, it was true then. it's not really true now. just because you make it at mak top, top, top doesn't mean it trickles down. that has been disproven. >> yeah and a rising tide does not lift all personal space. you know, we're at a level of wealth and spending that's just completely divorced from i think what people really thought was possible, what they thought was the outer end and quality. i want to put up one more example. we covered this before. in your career, it's really hard to get your mind right. this shows 50% of the population has 2% of the wealth, 10% has 75% and then the 1%, right, when you look at the inequality of the far right, the 1% for itself has 38%, i wonder if you can give us any thoughts, what do

warren buffett got into apple late c he could have bought it when it was nothing.one saying warren buffett is a dope. >> in hindsight, he looks smart. >> we will see if bill ackman is smart or dumb. >> they were some the greatest buys of all time past performance isn't indicative of the future he has more money than any of us will ever think about having >> you can look -- >> when buffett bought into apple, people criticized him after what happened with ibm it is only later now the stock has come up. >> that is what i said 51%, areyou are doing well we are doing this as arm chair quarterbacks we have the best job in the world. we don't have to be right about anything perfect. we're the financial middleman. keep trying, andrew. >>> when we come back, spotify siding with joe rogan after siding with joe rogan after receiving an ult hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. young. >> announcer: executive edge is sponsored by at&t gbusiness keeping your business inv

and thank you mentioned warren buffett. he would make more than $100 million on wall street a year.o thinks that alabama is just as always one. >> they won national championships between '79. part of the problem is the culture corroded because you had to talk to leroy jordan and you had to talk to alumni and you had to have all these people checking it off before you made any big moves. any argument then was you hired nick saban and you let him run the program and he answers to the president to nobody else and you need that kind of leadership. the sort of leadership that any organization have where you can't have anybody being the impact. even the fact that i wrote that 15 years ago, paul, i have been trying to figure out what separates this guy from so many other great coaches. what is the different maker because there are such parody that he's already as chief. he's in the land of john wooden's now. what celebrates coach saban from everybody else? >> it's his idea and his process and what we are talking about tonight. we have seen this in politics and history and in literature and

>> with warren buffett.e world and so mcdonald's was wise to take him up on the condition that elon musk make mcdonald's the official food of space x flights which might be a marketing side, very machiavellian. maria: there you are sitting there with warren buffett eating mcdonald's big macs. it has been a pleasure to be with you. we will all be watching the federal reserve, we take you there live on foxbusiness but first "varney and company" begins right now. and and it is volatility. and big gains the dow 370 points, it is down 5% just this year. the s&

did warren buffett make some money out of apple? >> in 2018 a 5% stake for $36 billion, worth $160 billion now so apple is 40% up, berkshire hathaway portfolio, tech is out of character for warren buffett but he called the iphone a sticky product and he was right and this. stuart: that is a lot of money, thanks. back to futures, the market not doing that much this wednesday morning except for the nasdaq which is sharply lower again. a record 4.5 million workers quit or changed jobs in november. to me that is a positive. people are moving up the food chain looking for better wages. i do what mike thinks of that, the dirty jobs guys on the show in the 11:00 hour. is it positive to him? president biden continues to insist this is a pandemic of the unvaccinated. role tape. >> there is no excuse for anyone being unvaccinated. this continues to be a pandemic of the unvaccinated. stuart: blaming the unvaccinated again. sean duffy will take that on after this. ♪♪ and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave

he called on warren buffett last month to intervene in a labor dispute at a steel company owned by berkshirenvolved and then the beef with jeff bezos over the minimum wage. amazon raised starting pay after standards introduced a bill that would bpenalize the company sanders says he counts that as a win. >> people are sick and tired of the kind of corporate greed that we are seeing. people on top right now during the pandemic are doing phenomenally well. while working people are struggling, many are dying literally as they're forced to go to work in the middle of the pandemic so, this is not a complicated issue. >> now, there is one thing that sanders and fink agree on. that is the urgency of climate change but sanders says he's not worried about alienating a potential ally in that fight guys, we did reach out to blackrock and warrior met for a response and we'll let you know if we hear back. david. >> elon, thank you >>> well, as we watch the broader market starting to sink a bit and we were down sharply at the very beginning of trading and came back rather sharply and now you can see, 0.4%

what about warren buffett's performance? you think that's from -- >> apple >> american express?ss -- >> berkshire is as apple proxy at this point. the adjourn has a piece on walmart on the tape that the u.s. e-commerce chief is leaving the company. a lack of stimulus tailwinds, continued inflationary pressure may decent proportionately impact the middle of the middle consumer they prefer target. >> i think target has come down. the charitable trust own walmart. why? frankly it's really good, but this e-commerce news is shock to go -- shocking to me you had a previous guy who set it up, and they were telling me over and over again not to worry, that the new team will be good he said, don't worry, we've got new people coming in well, hmm -- >> not leaving a good taste? what, have you got a mint? >> i was going for a lifesaver. >> no saltines today. >> i had those yesterday >> why you're doing that, come back to this story we talked about on monday, that incredibly busy news day the big deal was activision, but unilever said we're not going higher their shareholders did not like th

warren buffett owns 7.5% so that's kind of been the formula for how the stock can work opposed to anllwether for the industry on a fundamental basis. >> it is interesting we can talk about apple this morning but in general you had the other biggest tech names and growth names out there dealing with their own supply chain woes microsoft and tesla. i wonder how this sets us up for next week with numbers from alphabet and amazon and a divergence between the mega cap quality tech names and everything else in tech and growth. >> yeah. that's absolutely been the message of the market. those large, big platforms proven why they have the valuation premium a ten argument is how much should they be given in a world of tightening fed and the rest of it half of all nasdaq stocks have been cut in half just about. these stocks have not and been skinned off the top. apple in low 180s. it is in the mid-160s thousand why decent performance to everything else going on in the nasdaq. >> mike, to that point of valuation overall, jim suva reduced, the market itself is trying to grapple with the appropria

better than warren buffett, george soros or kathy wood.they are calling her the queen of investing. look, i'm not opposed to her getting rich, opposed -- she says it's a free market. every single policy she's ever done is against the free market and wants to attack and tax people who are wealthy and succeed. i'm saying in all seriousness, she has regulatory influence over major decisions for the very companies she's buying and selling and i think that's an issue that needs to be investigated. >> sandra: you said it here. she is defending it, saying it's a free market economy. according to a post analysis, one of the richest members of congress, estimated net worth of more than $106 million. all right. larry, great to have you on today. thank you very much, sir. >> thank you, sandra, appreciate it. >> john: got to do something to pay for all that ice cream. americans pressing the c.d.c. for more transparency when it comes to data on covid deaths. why critics are accusing the agency of leaving americans in the dark and creating confusion as

with apple it is interesting, warren buffett owns 5.5% he's not selling and they buy back 3.5% everyistent in it is almost 7% of the s&p 500. >> mike, do you think that's the most important sentiment setter overnight? there's other quite significant decliners as well as robinhood obviously visa to the upside alongside apple >> yeah it's certainly one that one might fixate on over others but don't think apple is a situation where it's a macro tell, no, it's not telling us anything we didn't know about the consumer supply chain, i think we're a step on that already. i think it's going to help but we're dealing with a whippy market the close today for the next few sessions is seasonal market, late january, pretty consistent, maybe the market can make some of that after a couple failed rallies which had a lot of wear and tear on short-term sentiment and the fact half of nasdaq stocks have been cut in half shows that individual investors are getting despondent, contrary fashion, it should help eventually, even if it's not tomorrow. >> i what was going to say where we stand on technical le