warren buffett goes into something with a strong view of how it plays out not over quarter to quarter posting the accounting, but the next three-to-five years sdp. >> a huge time horizon this is interesting. the broader question that i have right now in the market is who has been benefitting from the rally? they heare sitting with huge amounts of cash. that was the view of many investors. there wasn't enough value in q2 to put the money to work with the macro back drop. the stock has rallied. is it the algorithms benefitting here i think the trade higher we have seen in equities has been painful for a lot of investors it seems berkshire is one of the investment groups and fund managers which suffered. >> it is interesting that the rally actually started to turn in july. after many of these companies would have reported the quarterly earnings that is a positive thing heading into the third and fourth quarter. the same issues -- >> should they invest? >> there it is that and the inflation pressure that has come up as well they are talking about rising operating costs and rising inflatio

i think this up, warren buffett five stocks are 70% of his portfolio.evron, coke, american express and he is loading up on oxy. can you be overdiversified as well? >> you talk about double positions in different portfolios. that happens quite often people come in they are basically owning the same positions but in different places. there you're paying for, not o mizeing your tax situation because of harvest for losses. you're paying ties to underserve individual positions. sometimes one manager sell as position, your other manager is buying. so you can have too much complexity of a portfolio. one of our primary jobs is to make sure everything is consistent and aligned accomplishing what you need to do in your portfolio. yes, if you own the s&p 500, you don't need to own another s&p 500 portfolio manager, because they own the same thing. to manage costs and taxes and frankly simplification it is helpful to have a unified strategy. to make sure everything is aligned. charles: joe, i got 20 seconds, how are you positioned now for the sort of volatility in

looking at byd's, warren buffett, they're responsible for some of those declines.o looking at china's megabanks as they report slow profit this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >> took interest break there. we do have the prime minister talking here. you can see them talking about the reopening of the country. saying they will keep all of those lines here. they will be raising their daily capital to the seventh of next walk -- the seventh of next month. >> these are non-guided package doors. take a look at 1.2% lower. you are seeing a bit of softness here. there is some strength in the end. i'll be very marginal. commodities come to the downside here. we will continue to watch what goes down with the u.s. and u.s. futures. u.k. futures are also just slightly higher. >> we talked about some of the drags on the hang seng index. part of them not the

but for warren buffett, this can be extremely misleading.e to exclude the equity fluctuations, operation earnings, revenue decreasing 40% year over year. berkshire hathaway were in net purchases, capitalizing on the buy the dip mentality. the cash file basically unchanged for the quarter. warren buffett sees this as oxygen for his holding company. also $1 billion of share buybacks. berkshire hathaway have out performed the s&p 500 for the first half of the year, experiencing only 2.5% and losses compared to 13% for the wider benchmark. manus: they have certainly gorged themselves on stocks. good to have you with us, laura wright. setting the agenda. we've got through monday and didn't break anything. bloomberg markets europe is up next. are you here for the week or are you away? dani: here for the week. i am here for the next hour. i'm making up for it. this is bloomberg. ♪ this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments

if you owned them the last couple quarters, warren buffett made a lot of money. >> the same time buffetting whales are circling each other >> just billionaires trading stocks among each other. wouldn't it be nice? >>> we have more to do and we will talk more about this. we will talk about dan loeb's stake in disney with michael natanson and sara fischer. why he wants espn to spinoff. >>> and the impact of the inflation on the markets dom chu is back to crunch the numbers. >>> as we head to break, look at the s&p 500 winners and losers dow futures down a touch we're on a four-week win streak. grab another cup of coffee "squawk box" is back after this. >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure welcome ur third bark . oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just pa

i do agree with warren buffett. -- i always asked, what is the best investment you can make? he said, in yourself. as long as the education is right they will never be a higher return on investment than a proper education. kailey: of course you have a hand in educating students still, teaching at the university of virginia. as we were talking we did get the headline crossing the terminal, bloomberg reporting that biden will be forgiving $10,000 in student debt, $20,000 for pell grant recipients. this is at a time when the president is focused on bringing inflation down. there has been argument made that this is going to add to those price pressures. it is your read on inflation's trajectory? how far will -- how far we are away from the peak, and what does the dissent look like? [laughter] john: another great question. i wish i had something i could share with your viewers on inflation. other than the fact that we have an inflation cycle. i joined tiger in 1987, and the 10 year rate was very high. we had been in a di

. >>> plus warren buffett's berkshire hathaway not immune to the economy as souring sales is not enough to help the bottom line. >>> later on, elon musk looks to take on twitter ceoagrawal outside the courtroom with the challenge. it is monday, august 8th, 2022 you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for brian sullivan let's kickoff monday with the equities pointing to a positive open s&p off the third winning week in a row and the index is now equal distant with the 52-week high and 52-week low 14% from each level to be exact. dow jones industrial average is implied higher by 57 points off the session highs. nasdaq up by 55. modest gains at least to start the day indicated right now. better than the broader market small caps continue to shine with the russell 2000 with a 2% gain last week and capping off the first three-week winning streak of 2022 you can see the russell small cap up .75 in friday's session checking on the bond market side yields obviously very much a big part of the discussion now given the blowout jobs report on friday, the

you have warren buffett's recent favorite, occidental petroleum up 4% today within the tech landscapewith the nasdaq 100,, up more than 16%, to the downside, some of the regulars like tesla losing. on company specific, bristol-myers squibb up more than 5%, tied it to trial results for a preventative treatment on strokes. makes results weighing on the stocks. kriti: one of oppenheimer's is one of one of the most bullish strategist and he is sticking to the call. >> stocks can go up as interest rates rise and there is concern over inflation. i got into this business in 1983, so i have been through a ton of cycles. in the beginning it is tough and the naysayers always say the fed is going to fail. kriti: the case for bull on stocks. >> we are seeing this last night going into the morning. the s&p 500 trading above its 50 day moving average, and that will be a key technical level. we are seeing tax still salt -- tech still sell off. now it is said that as long as the s&p 500 stays above it is ok for him. if it goes below, he will reassess. that is an interesting term. jon: i am glad you m

. >> clearly warren buffett and berkshire halfway does not think the move is over.think there is another higher and clearly i think warren buffett thinks that as well and occidental, 180 million shares north of 20% and invested interest in seeing the company do well and it will. flirting with the 52-week high but nowhere near levels we saw five or six years ago. you can stay with it despite the commodity seems to be under pressure. >> i think it's an interesting play on the resource if we've been under investing for such a long time and we could see a supercycle of investment that sets us up longer-term. >> next up, so five more than 7% on the back of softbank announcement it would sell part of its stake in the company. is this a self i story or softbank story? >> more to do with softbank. they have a large stake and lowered it much more levels than here and they may sell some or all and i guess if you're in the business of buying stocks you don't want to get in front of buying the stock where the largest shareholder has suggested and i like the company and manageme

. >> thank you >> you're a believer if one of your stocks is warren buffett's berkshire hathaway, i'd have to believe that you're a subscriber of the buy, and go for the long run school of thought. >> absolutely, tyler we're big believers that time in the market is way more important than timing the market in fact, timing the market is a fool's game. at the end of the day we're confident that two or three years out from now this will look like a great time to have bought and just stick to the with the strategy of staying fully invested all of the time. >> remember, as hard as this year has been or seemed, the levels in the indexes are probably back to where you were in say, 2019 and 2020. i don't know the exact number, but remember that you're probably if you're a long term investor still ahead of where you were we have a couple of other names and we'll get to berkshire in just a little bit and a couple of other names that we don't typically hear about on cnbc and the first one is viva. and it's not the paper towel what do they do and why do you like them? >> viva is an interesting co

let's get to bob pisani. >> on warren buffett's birthday, the essays of warren buffett, one of the topbooks. take a look at the major movers. cathy woods ark fund doing a little bit, they're going for the slightly growth here parts of the market. that's a good sign that's a reversal of what's happened as carl referenced, you see energy down about 2.5% i want to point out what a big decline these energy stocks are. they've had a big run. occidental, new high yesterday, down 4%. hess was 2% from the new high. down 2%. exxon is down. chevron is down. and nat gas-oriented stocks. apa, that stock went from 30 to 40 in a couple of weeks. it was 42 yesterday. so big, big runs in these nat gas stocks all getting down -- all down a little bit more than the market as always, the issue is the fed, we need confirmation, inflation is peaking and commodities haven't been helpful this month. oil is flat, down 3%, maybe, right now. we're seeing some other things, nat gas is up 10%. energy stocks have been on a big tear i just showed you there, except for today. they're up 7% for the month. that's a bi

warren buffett adding to the ally financial stake of about 4% on the session so far. taylor: keeping our eyes on the equity market, we will go back to the big economic data we got this morning. the once booming u.s. housing market turn to cool off a bit. falling in july, the slowest pace since about february 2021. for more, i want to bring in our retail reporter and housing and economic reporter, patrick clark. what do you make of the data we got this morning for there may be confirming some of the data we got yesterday when we spoke with you? patrick: homebuilders are spooked about the health of the homebuyer. they do not want to see inventory sitting on their balance sheets, it costs them money. they will build fewer homes. jon: if we try to look across the country, i know you and the team have been looking at different pockets of the u.s. where you are seeing changes. maybe you could walk us through geographically what is happening. patrick: the markets that were really hot throughout much of the pandemic and years leading up to the pandemic got overheated in the f

and i always want to be like warren buffett. i don't want to be a day trader. i don't want to be in and out stocks. one of my great companies that do their that was interesting little late to the party. the upgrade after around a 30% chance of $200 target on to play some 18% upside from here. in the meantime, looks like you've been not by apple, but even my alot of plants. >> get a lot more clients in that room is looking good. thank you, daryn. i like that. you noticed me. it means a lot to nice decker and i see the new picture you have. there are little wall hanging. very nice. robbie is a working on his home. that's all getting the economy going. >> and if you have any questions or rob, you can e-mail him. >> or you can reach him on ♪dance! by christian a medice & elisha noll♪ ♪are you ready?♪ ♪ ♪let's go♪ ♪ ♪ahh yeah♪ ♪ ♪step to rhythm like♪ ♪you're going out tonight♪ ♪dance get with the groove and♪ ♪dance get up and move let's♪ ♪dance kick off your shoes and♪ ♪show me how you♪ ♪dance♪ ♪ ♪dance♪ ♪ ♪dance♪ get a free storage upgrade and case with s pen when

what's fair value in your mind in far be it to say that warren buffett's wrong.e have new capital. >> if you had new capital and were you trying to play in tech land, where would you put it in. it >> i look google and alphabet. there's few companies that have stronger competitive positions on this planet than alphabet and the multiple is not demanding at all they have pulled back recently unlike apple i think today that's more of a place where you look >> all right barton, gene, thank you both for a bit of all sides of this debate and we we'll see where it heads >>> when we come back, could europe signal tough times for the u.s. implications for the global economic recovery. and goldman sachs downgrading china's growth goldman sachs lowering its 2022 full-year forecast to 3% from 3.3% and nomura slashing down to 2.8% they were up to 3.32 "squawk box" coming right back after this sthoo >>> time now for today's aflac trivia question. what three countries account for ab 41% of theor's wld total wheat production the answer when cnbc "squawk box" continues e aflac pre

charles: happy birthday, warren buff buffett. 92 years young today and still managing money, managingareer advice for others. there's a story about buffett, he wassing asking someone when would you start doing something you liked, right in they were talking about working. guy said, well, i'll get to that some day to which warren buffett replied, well, you know, your plans sound like saving for sex for your old age, it just doesn't make a lot of sense. [laughter] the reason i bring that up, it reminds me of my take yesterday, we talked about gen zer jobs. it seems like we are not dreaming enough, particularly younger american, and for a long time that was a trait, even an obsession. ranguard tweeted: setting a kid up to dream and plan early is how to make them successful. jenny said, so real, having a vivid imagination, seeing a problem and thinking outside the box because instead of reading books, learning about warriors and inventions of the past has aiken a backseat to gimme and self-satisfaction. and another, never stop asking kids what they want to be when they grow up. aim for yo

warren buffett pouncing on the slump in markets to buy up equities.you think that buffett is following the age old adage? >> a net buyer of equities in the second quarter by 3.8 billion dollars or 45 point $2 billion in 2022. comparing that to 2021, a net seller. what else happened was the appetite for buffett stock has been a big buyer of berkshire hathaway in the past. [indiscernible] it's not necessarily meaning that buffett is going bearish on its own stock it's just that it being a lower priority as for which stock -- petroleum being one of them. raising questions about buying the energy by -- energy giant. [indiscernible] 100 $5.4 billion at the end of june compared to $106 billion at the end of the first quarter. shery: what about warning signs that investors can take away from the numbers? >> operating profits came in at 9.2 billion dollars in the second quarter for insurance and railroad businesses but on business in the division stood out, geico, personal auto insurance business that reported in underwriting loss of $487 million. berkshire s

haslinda: warren buffett's berkshire hathaway approval from u.s.s to purchase 50% of the petroleum company. it first made a bet on the houston-based oil company three years ago. occidental's stock had its biggest gain in five months. david: and currency markets are the big ones to watch today, obviously with the strength in the u.s. dollar and the korean won, and the euro, we are flirting with parity. a little bit off highs as europe wakes up. sterling, litter quickly, a similar scale. yields going the opposite way of where the currency is going. we are getting into the thick of things here. asia is down. u.s. futures are down. looks like pressure might see -- looks like europe might see some pressure ahead. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation furnished by rare collectibles tv llc. >> 2021 marked the

spacs, money out of a chinese -- maybe this is when -- happy birthday, warren buffett, 92 maybe he's getting in. or as a special birthday venture, van morrison, happy birthday and maybe he's a spac buyer now. >> still touring. >> amazing i love van >> he's an interesting cat >> yeah. i was at a van concert where he yelled at us >> he yelled at you? >> yeah. >> were you making noise >> no. >> not paying attention? >> he wasn't happy with us >>> he'll turn his back on the audience, stage fright >> yeah. he'll spac you in a nanosecond he was spac'ing people before there were spacs >> before there were spacs, there was van morrison spac'ing people >> crude oil on the pace for the worst month of the year. yesterday was the worst day for the gasoline etf in two months rolling to the october contract. 254 would imply retail going below 3.5. >> a win for powell. we continue to president trump from the strategic petroleum reserve, which at this point is absurd >> is it recession fear or -- >> yes and the russians, whom everybody acknowledged are just -- they're pumping like -- it's amazing th

good plans. >> well done. >> there's a connection vince gilligan had both charlie mung ger and warren buffetting bad." vince knows them, he goes out to the annual meeting there's a pretty close connection you see why it winds up in something like that. >> not only that, but warren ended up, i believe, going and taking a visit to the "better call saul" set maybe back in 2015 he always talked about "breaking bad" being one of his fachblt shows, and i suspect "better call saul" is next. >> it is, it is. >>> coming up, we've got the numbers behind the child care and teacher shortage in america, and we'll have that for you next. >>> as we head to break, let's take a look at the s&p 500 winners and losers what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. how will your business adapt to change? you could hire an

for warren buffett, he views cash in a holding company as oxygen.ght reduction from what we saw in the previous quarter. overall, berkshire hathaway has outperformed the s&p 500 and the first half of the gear. virtua hathaway in orange has lost about 2.5% in the first half of this year compared to losses of around your team percent in benchmark. tom: this is something of a litmus test for the health of the overall economy. what would you glean from these numbers? >> overall topline growth has been hit by supply chain congestion and higher cost impacting the bottom line. but berkshire hathaway is a microcosm of the u.s. economy and a few examples illustrate this. geico, an auto insurance company. berkshire hathaway owned this business. it is so much more expensive to replace or fix damaged vehicles and it was the fourth straight quarterly loss at geico. bnsf railroad, one of the four pillars of berkshire hathaway. revenue increased 15% year-over-year. the company had to pass on fuel surcharges to its customers. clayton holmes is a modular homemaker.

dubbed india's warren buffett, due to his reputation for long-term equity investing and was among theinfluence will market voices in the nation. started buying shares with a loan of $100 in 1985. along the way invested in some of india's most prominent names including its biggest jeweler and an airline startup. this is bloomberg. ♪ -- global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: the u.s. stock market rally continuing for four consecutive weeks, the longest rally this year. recovery could be facing a new hurdle. annabelle with the morning calls. it could be the end of an era for record share buybacks? annabelle: that's right. we saw big names forcing their buyback flags. jp morgan, best buy, citigroup. we have seen record buybacks over the past few years, really since the start of the pandemic. about $1 trillion worth of share buybacks from executives here. any retreat really does strengthen what has been a critical crutch for sentiment in the m

warren buffett's berkshire hathaway picked up more paramount and more vikings glock doubled stakes theseall 13-f filings are backdated to proportfolio stood at the end of june they they have likely changed since then they took so much risk off the table, melissa. >> they took so much risk off the table. you've got to wonder if they participated at all on the up side i'm sure some have as you mentioned, we have no idea where they stand right now. a lot has happened. >> interestingly, there was some b of a data showing that hedge funds have been getting into the game, so i think once we get the sense from the third quarter, obviously we'll know the history there and get a better picture, but yeah, if they sat things out and went away for the summer, went to the hamptons -- >> that's the biggest rally we have seen. >> exactly. >> exiting the short position on apple, that was a wise move. >> yes, it was. >> potentially very, very well timed. >> unless he's back in it. >> in which case, even better. >>> next hour coming up on "techcheck," what is amazon's next acquisition target, and it start

garry: it is like warren buffett says. these things are in the short term popular to contests.re talking about ipo's, the weighing machine is not willing to give multiples a lot of people want. it is hard for me to predict, to be frank, when this will happen because it is sort of separate from the day-to-day of the startups which i know really well. i really hope a lot of the macro situation resolves itself. i think there are a lot of indicators that say inflation is over. i'm not exactly the right person to pay attention to there. we can tell our founders to be thoughtful about your cash, build something of true value, and don't build something for just the next round or to impress the next vc. it is really about impressing your customer, your user, high retention, high gross margin, and great customer acquisition. you know, the fundamentals. that is what we try to teach day in and day out. katie: it is great to get some time with you. that is garry tan, initialized capital founder and partner and soon to be y combinator's president and ceo. thank you so much. that does it for

the oracle of omaha warren buffett. berkshire hathaway selling off apple stock.kshire boosting stakes in chevron and activision it dumped the stake in verizon the selloff in tech not stopping tiger global the fund increasing the stake in meta and position in alphabet. slashing the holdings of snowflake. the fund cutting position in microsoft by 30% meanwhile, david tepper making cuts to his portfolio. ditching the stake in mosaic and macy's one position is constellation energy coming in at $155 million. and taking a new stake in colgate. the firm adding a $159 million stake. making this one of the top ten positions. snatching up shares of natural gas and another energy name ovintiv. revealing the stake in disney along with the call for the company to spin off the sports network espn shares closed up 2% on the news in yesterday's session. >>> to the top stories bertha coombs is back with more. good morning, bertha >> good morning, frank remember recruiters, but ramping up efforts to get permanent employees back in the office the company telling employees who work

. >>> warren buffett has no plans for a stake in occidental petroleum. planning to buy 50% of the shares, those close to the oracle of omaha says it is uncharacteristic to make a hostile bid. shares were up on friday with the news breaking. >> a big deal there. occidental hot stock. frank, thank you >>> let's get back now to the markets and your monday. we are in a wait and see mode. jay powell's speech on friday in jackson hole let's bring in ross mayfield i know the attention on the fed and europe and china in di disarray what are you and your team closely watching right now >> most closely is still the fed and u.s. inflation that leads the world markets obviously inndiosyncratic issue. it starts and ends with the federal reserve and the inflation on the u.s. side looks like to your point. we are watching powell we expect him to strike a slightly hawkish tone. they want to jawbone inflation to year end. the talk of the pivot and rally equity markets has fed governors on edge. it starts and ends there that is what we are watching this week and weeks to

. >>> let's get a check of the corporate stories with courtney reagan >> thank you warren buffett adding to the stake for occidental it paid $91 million between august 4th and august 8th. this brings the stake to over 20% or 188.4 million shares with $11 billion. at this level, berkshire could record adding billions of profit to the bottom line >>> and alibaba petitions to convert the shares to secondary status the effective date of the switch is expected by the end of the year alibaba says the move will allow to expand access to china and other investors. >>> shares of bed, bath & beyond popping after the 30% move yesterday. the highest volume day ever going back to the 1992 ipo dom, no apparent news pushing the stock higher, but reddit traders are jumping back in. 45% of the firm's float is shorted. it is also gamestop and amc which is getting the new love. the meme traders are back at it, do dom. >> a cycle they come in and out you never know >> it is wild. on some of those days when bed, bath & beyond is up, it is really up. for no news. >> i remember doing the market check yesterday

for the rest of the hour including amazon reportedly in talks to buy signify health >> plus, warren buffett light to buy more shares of occidental petroleum. the biggest gainer on the s&p year-to-date >>> and cnbc getting a rare look at ftx's financials showing the firm grew the craze to a billion dollars last year. dot ay. n'gowa in two seconds, a vacationer will say... yeah, i'm going to live here. only to realize... what if i can't sell my place? ♪♪ don't worry. sell it directly to opendoor and we'll help you buy your next one. aah. when life's doors open, we'll handle the house. with xfinity internet, you get advanced security that helps protect you at home and on the go. aah. you feel so safe, it's as if... i don't know... evander holyfield has your back. i wouldn't click on that. hey, thanks! we got a muffin for ed! all right! you don't need those calories. can we at least split it? nope. advanced security that helps protect your devices in and out of the home. i mean, can i have a bite? only from xfinity. nah. unbeatable internet. made to do anything so you can do anything. >>> amazo

the stock -- warren buffett see with oxly? judging by the heinous action of the oil stocks, one of the worst i have ever seen, it should be something long-term but oxly -- good number tomorrow evening because it's prices -- one of the most enduring themes of the covid era was addiction to video games. i bet they would do well. out of style wall street fashion show more than i have ever seen. jetblue tells us how to do it. and no one can explain -- spirit airlines. is it really competitive? i admire them but i'm confident the justice department will try to block t. jetblue refuses to stop. i know they will try to solve the antitrust issue by trading to some other company but that will not be enough to -- antitrust issues. it is very good at pushing -- elliotts ballgame. not unlike what we sell with pinterest tonight. it was talked about it one time. on wednesday, this is what is so cool about this week. paypal, air b&b, starbucks. these are well-known names. these are all names you know, including cvs health. i expect a really

warren buffett's berkshire hathaway came out with numbers over the weekend.hey reported a $46.7 billion paper loss in the second quarter largely the result of company's invests, the stock investments losing value. the "oracle of omaha" see the markets drop along with volatile quarter apple, amex, bank of america dragging down his portfolio. buffett still show pack massive $1.54 billion cash pile. which by the way he is the not sure where he will deploy it, parks it in short-term treasuries. short-term treasurys one heck of a large mattress. joining with us a approximately billion dollars in assets under management. therian partners ceo greg. greg, most of us don't have such a big mattress but you feel there is a way to parking cash, what you feel is the long road to the bottom of this volatile market at the moment. where do you put your money? >> absolutely. liz, thank you for having me back. we expect this to be more of a w-shape recovery and investors shut expect to embrace volatility, for reasons i'm happy to go into if we have time but to answer your ques

it's what charlie munger did for warren buffett it got him thinking about hey, it's better to own a wonderfulpany at a reasonable price than it is to try to buy the deep value stuff that warren was trained on in columbia >> absolutely. we've seen how well that's paid off. for you, that approach cana, ply to any quality stock and for apple, any time it sells off, if you think it's quality, you should be a buyer. the reason why we ask the question is a lot of the investment world does the style-type investing they're either value investors or growth investors. >> and the regional public say they want value stocks and others say, no, no i want the growth names and the performance they saw in the last decade and has a name like apple matured beyond that point or have they become less good stewards of sort of growth capital and are they changing their stripes? >> well, i never want to argue with the master, but we know that the companies that reach the largest capitalization and have pretty universal popularity among analysts are unlikely to offer above-average returns over the fall in ten years.

apple, we feel this is a warren buffett. 41% of berkshire hathaway this is number one thing we love.we feel what will drive the future growth is the service business. we feel this is the crown jewel t comprises 20% of its sales right now but the gross margins of service business are double that of the hardware business. we think that is fantastic. we feel iphone sales will continue at a excellent rate. they have a brand loyal customer. liz: yeah. >> according to a recent survey 92% of iphone users plan to stick around with the brand once they up grade their phone. we think it's a great stock. >> love it. i think that the buffett comparison is really important because he has made so much money. in fact when he was at a shareholder meeting in may he said, about a month ago, i bought apple every day for three days straight and only reason i stopped buying it because it started to go up. he only buys it when it goes down. let that be a lesson if you're willing to follow a deal on buffett. you also like american express. i just want to say about the financials at this point, we're looking

. >> warren buffett giveth and taketh away, shares sliding this morning as

warren buffett one of the great value investors over time. clearly we're in a moment. competition is not getting any less any time soon, right? >> the competition is not getting less we have seen this consolidation. when it comes to warners brothers discovery, they announced they will be merging streaming services and coming to market with one combined service that many say really has a shot at being one of the few. maybe people will subscribe to three. one of the free mini bundles that people will be subscribing to i think there's a sense we're in the new face it's streaming 2.0 it's all about the new smaller bundles, not quite like a pay tv bundle but you're getting more than one service and the companies behind them will try to figure out what they can do to cut down on extraneous costs and figure out how to make sure they keep you hooked, you don't just drop the service after your favorite show is done. >> julia, so many different ideas to get to better profitability or new paths like add-supported models why is someone talking to you about decreased content spend?

number of big names on wall street who also for years had been calling to close this, jamie dimon, warren buffett. explain to people how big a deal that would have been and why senator sinema didn't want it to happen. >> reporter: that was one of the pay fors they were going to use. it sounds pretty complicated but the best way to boil it down is that people who manage money, money managers, hedge fund managers, are able to get some of their money that is taxed at essentially capital gains rate, which is a lower tax rate, than if you were taxing wages. so, they're able to make more money at a lower tax bracket. and senator manchin wanted that in the bill. as you mentioned, the white house wanted that in the bill. it would have raised $14 billion, poppy. overall they were trying to raise $350 billion or so. it is a smaller piece of the puzzle. sinema said she looks forward to working with mark warner on that, another democrat, as they move forward. >> jessica dean, thanks very much. >>> for more, let's bring in cnn chief political correspondent dana bash. great to see you. as we noted at the top o

visionfund that fund invests in high growth tech hammered by a drop in valuations interestingly, warren buffett's berkshire hathaway earnings came out and hit by losses in its stock portfolio. masa son saying softbank needs to go into defense mode. layoffs could be ahead to raise cash the fund sold uber and open door. here is a quote from masa son. when we were turning out big profits i became somewhat delirious. looking back at myself i'm quite embarrassed and remorseful julia, before we had cathie wood there was masa son who believed in these high growth names betting on innovation and that bet, at least up through june, july, july, june through june through june was not a great one. >> yeah, i mean it's just so interesting, jon, thinking about how softbank and masa son's approach to start-ups and investing in some of these companies' growth at any cost flooding the market with cash really impacted so many different pieces of the ecosystem and now as you see him sell his shares at a discount last week, we'll start to see more of the pieces of the puzzle sort of fall apart here. but i really thi

disney is classic because you've got parks, right, which is warren buffett's see's candy and you cant any time you want and then you've got streaming that people just don't get. >> let me just jump in, is there a chance though, lee that their content will go out of style now you could say maybe for political and cultural reasons and maybe there's more competition and maybe, there's other children's content, as well what makes you so sure that this will be a durable franchise for the decades to come? >> because babies are everywhere every year i see more babies. >> you're preaching to the choir. >> right >> i don't know if they're as everywhere as they used to be. >> put it this way, when you're a parent and you're sitting there with young kids and you want to sit on the couch and turn something on and close your eyes and take a nap and hear the sound of little giggles, grandparents and parents are going to choose content that they're familiar with and that they trust and they trust the disney brand, right? they trust it because it's family oriented. everybody is familiar with it and

downside protection in the event that, you know, there's a market that really craves yield and warren buffett it's this nice in between that you don't have to have this debate you can own a part of the market that kind of buttresses one side of your portfolio and gives you upside on the other. >> is there an argument, jerry to take out the specific security risk of owning a single security or a couple of securities whether it's exxon or eqt or devon or whichever, i should say and buying instead an eft -- or an etf, excuse me, an etf or a fund that is an energy fund and just buy a basket of the stocks >> i wouldn't argue with that for a second in the big xle, for example, it's dominated by exxon and chevron. those are two great names. if you want to get a little more growth, but a little more risk, the xlp offers that for you, but you made a great point and the important thing is you need to have a collection of names or at least some bulk work in the portfolio that has these unique characteristics. >> playing the consumer has become increasingly difficult, jerry, to say the least as we hear f

warren buffett stills adheres to this philosophy. because of the methuselah technique. it is an amazing thing that if you don't touch money and just let it grow at a set percentage, you will have a windfall. to what he got wrong. he assumed borrowers would be as industrious as he was or have as much luck as he did, or had the benefits he did like with his wife and her work, and in franklin's case enslaved labor. people after 1790 in philadelphia and boston did not have the same conditions. franklin got wrong that people would be as successful as he was. he also got wrong that people would pay back the money. he did not make any allowances in his scheme when he thought about what the money would turn into that people might renege on their loan. the biggest thing he got wrong was within 20 years of his death, the apprenticeship system, say that 10 times fast, as he knew it is all but dismantled because it is on the rise of the industrial pollution. -- industrial revolution. he had seen a demonstration of a steamboat in 1785 and he refused to invest in it. within 15 years,

if you see warren buffett and berkshire hathaway >> let's talk home depot i take it you're a fan >> homeot has gotten overly hit on the concerns from housing which is one of the things that is sleing right now. home depot, your customers with home depot, they're people who own houses and they're not affected by the changes in interest rates or the mortgage interest rates and you have a strong demand toward your professional services there and you have your contractors, plumbers and electricians who are putting money in home depot and they'll likely hold up better than he's been feared so and it's been more than the markets have right now >> courtney, thanks for joining the fray a lot going on in retail and the conf confusing world of esg and he's giving word to an antiesg, longtime oil bearer with us to discuss the 10% decline over the past start is this the start to a plunge, a number of consumer names hitting all-time highs and pepsi, genuine parts. >> bless you >> excuse me thank you. ♪ ♪ in order for small businesses to thrive, they need to be smart. efficient. agile. and that's neve

>> i query, why occidental, which is obviously warren buffett's favor, we we can own something like theing everything right with a big yield. very good growth. that is the way to go. much more conservatively managed and owned by our charitable trust. let's go to josh in arkansas. josh. >> jim, thank you so much for taking my call. >> of course. >> best part of my day is waking up and listening to what you say about where the market will be for the day. absolutely honored to speak with you. my stock, i doubled my money over the last couple of years. trading technology, stock plc. >> i like trane very much but i am going to ask you to get off that train and go to carrier! you have got a lot more inside. we are not done. we are going now to susan in florida. susan! >> hi, jim. we are longtime viewers and have really enjoyed your show. i own shares of stanley, black and decker, and right now, it is 20%. >> we don't care, susan, where a stock has been. we care where it is going to. stanley has had a very tough time. two quarters. 10% downside, maybe 35% upside. it's a mess right now. how abo

it can keep it up >> well, this is also a difficult one for me because i'm going to go against warren buffetta sell. this is very difficult for me because i definitely would follow his lead in most names. but the reality here, tyler, is this name is just not that attractive if you can look at it once over, you'd say this stock is cheap, it's got a current multiple of six. but they're set to see a decline in earnings next year and ultimately their balance sheet is not that great. you're not getting paid that much most of these stocks have a healthy dividend for example, chevron, great balance sheet. this is less than 1% so i think that if you like the oil theme and you think that there's upside in petroleum that many analysts do, i think there's better names out there so occidental is a sell for me as well. >> well, let's move on and see if our last name here can get you in a different kind of mood. let's see, it's nucor, the steel maker. quint, what do you do with it? >> okay, this checks all the boxes for me this one is cheap, selling six times earnings, significantly improved balance sheet

warren buffett bought the dip in the second quarter, $3.8 billion.light dent in the cash file at the end of june. global news 24 hours a day on air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> the differences between taiwan and the mainland to be rebuilt peacefully. and what we see in china over the last few years is moving away from the peaceful resolution of differences to doing so coercively and potentially forcefully. tom: secretary of state antony blinken, he has been very, very forceful to a meeting with -- in the philippines. certainly a stork moment to see him take the leadership of the philippines after many, many years. right now on china, i was more focused on how they did with southhampton. lisa: anger garbage disposal. tom: -- and your garbage disposal. ferro texted me, so it is good to see that. why don't we read off on the disruption in china? lisa: we've been talking about what has been going on with the taiwan airstrikes, the warning shot as retaliati

it's also notable that warren buffett is now in the stock as well. >> we're thrilled to see berkshire hathaway as a shareholder. you know how much respect and admiration we have for warren and his team so we think that's a terrific tailwind for us at the same time, we think that bob backish has done a great job of revolutionizing paramount global and giving them the right incentives and right vision. we do think it will ultimately be one of the long-term survivors because we think they have the best mix of products. when you think about the live news, the live sports, to go along with their historic content and library, all the new and exciting things that are happening there, we think ultimately this is going to be one of the best streaming services out there in the entire world. >> well, a lot of people think the bull case is if red stone agrees to sell mattel has also been an outperformer this year and you've liked it for a long time. do you stick with it, given the relative outperformance against competitor hasbro? >> we think they have done a fabulous job with mattel we often see

. >>> and from red flags to green light, warren buffett's berkshire hathaway loading up on more shares of amazon. we'll tell you more on three stock lunch. >>> welcome to plu"power lunch." i'm tyler mathisen market power players, apple and microsoft, guess what, they make up more than 13% of the total market value of the s&p 500. that's those two stocks alone. that's a record amount of influence. is there a danger in that much concentration? >>> and peak jobs, employers are starting to pull back on employment postings so says zip recruiter's ceo, he's here to tell us if the labor market is cooling and whether workers are starting to lose, kema little bt of their leverage. >> speaking of pullbacks, the dow not having one right now session highs, it's up for a fifth straight day, by the way, and its outperformance today is helped by those strong results from walmart and home depot. the s&p 500 is now up half a percent to 43.17, even the nasdaq has gone green by 16 points, and we have some more momentum names like zoom and moderna under pressure today the retail sector is the standout abe

one of warren buffett's largest holdings. he is not accumulating that as he is in okay dental.ink it is over. i think it's a good place to hide if you're afraid market. chip stocks, might be good time to chinese tech stocks to trades. someone wants to hold something, not quite the motion in the ocean, some energy names i think pay off. charles: lesson, follow the ceos unless it is ryan cohen. 30 seconds big dividend idea? >> ppp. alliance, efficient tax structure. charles: great to have you in studio. thanks, ann and mike. coming up france's president ended era of abundance and blaming climate change and russia. i tell you what he should be blaming, more importantly why we should be paying attention. that could be our fate too. my takeaway is next. ♪. i'm a performing artist. so a healthy diet is one of the most important things. i also feel the same way about my dog. we got her the farmer's dog sent in the mail. it was all fresh. i want my dog to have a healthy and long life. the farmer's dog helps that out. see the benefits of fresh food at betterforthem.com do you have a lif

so you get paid 4% to wait on this one it's a nice company when warren buffett owns a 4% position as a buyer of kraft here. >> let's move on to something pretty far away from kraft, and that would be kinder morgan. >> yeah, tyler, if you think oil is not done going higher or not ready to go down, i think this is a good pipeline stock to own. you really need to be conscious, though, of where oil or where you think it's going, because basically the company pays out its entirety of earnings through the 6% yield if all of a sudden it runs into problems and oil prices start to sink, the company has a pretty good amount of debt so that could be problematic and i would expect some beta there but if you are thinking oil is going higher or just not going to go down, a great yield and great way to play it. >> and a final name we're going through again, abvie. >> yeah. i'm not a fan. i know this is tough because a lot of folks like this one for the dividend we've had it in our dividend portfolio for a very long time but i'm not a fan of buying this company right here they have a tremendous amou

. >> warren buffett giveth and taketh away, shares sliding this morning as berkshire hathaway. >>> former president trump's special request for a master to review documents, seized by the fbi during a raid in mar-a-lago. >>> snap shares sinking as management prepares to lay off a huge number of workers. >>> it is the final day of august 31st, 2022, this is "worldwide exchange. ♪ >>> good morning, good afternoon, and good evening, and as always welcome from wherever in the world you may be watching thank you for joining us on this final day of august. amazing how fast the summer has gone let's kick off the hour with a check of the markets and your money. stock futures are slightly higher across the board, this coming off another rough day for stocks with all the major averages down 1% or more and more than 15% on the year. investors are going to be happy to see august hit the rearview mirror it has been one of the ten worst months for the markets in a number of years, and not to pile on, sorry, but september remember historically the worst month of the yearfor stocks, maybe we just pulled

tougher day for jeff bezos, overall worth fell $6.5 billion or more, bill gates, warren buffett had an easy day of it. >>> video from a recent congressional hearing looking into why there aren't more women and minorities in fintech like square or stripe, and the woman testifying is miriam hawke. i asked how do you testify in congress just in case you have to go before congress. what is that like? do you get invited to testify before congress? how does it work? >> you always say thank you for the question and you're always addressing the mechanics at chair or chairwoman or congressmen and remembering that formality that you're not used to. >> you can get more tips on our podcast sand hill road anywhere you find podcasts, apple podcast, stitch or spotify. >>> movie theaters all over america will start charging $3 a ticket for one day, that's september 3rd. it's national cinema day, a day they just made up just right now. 3,000 theaters across the united states will participate and we're talking big chains cinemark and amc. amc does a deal soda and popcorn is $5, that's $8 to go to the mo

warren buffett has been saying it for at least a decade. >> yeah. >> that this allows some of the richest people in america who make money by pushing paper, or wiring numbers, they will pay a lower income tax rate then their clerical workers, secretaries, other people. it is really outrageous. stephanie ruhle, thank you so much. we'll be watching you talk about this a lot tonight in the 11th hour. and you could see that weeknights at 11:00 p.m. eastern here on msnbc. thanks so much for being with us. >>> i'm curious about the politics of this bill. you look at the numbers, we've been showing them all morning, most of the main items here are extraordinarily successful. do we think there is going to be any -- any break in the republican ranks or will all 50 republican senators vote against this package? >> i'd say about 99% sure with the small 1 percentage but i think i should say 100% that no republican senators would vote for this. they've been in lockstep against this bill. as they keep using it as an excuse to keep talking about ip flation and the economy. but they privately they know t