government bonds we'll debate that move and maybe what warren buffett would say. sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity. sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity. >>> right now the major averages are well off their session lows right now. the dow industrials just about four points. away from being flat on the session. the nasdaq is higher at 13,989 treasury bonds and notes with both the 10 year and 30 year which br

running through the commentary on this and we do have some new thoughts from berkshire hathaway ceo warren buffetttings agency downgrade of the u.s. long-term credit rating. basically buffett says he's not worried about it and it is not changing anything that berkshire is doing in the markets right now. here is a quote from him, he says berkshire bought $10 billion in u.s. treasuries last monday we bought $10 billion in treasuries this monday and the only question for next monday is whether we will buy $10 billion in three months or six-month t-bills. he told cnbc that's been the decision that berkshire has been making every week recently, just whether to put it in three months or six months, but they have been buying billions and billions of dollars of these and this downgrade is not changing that buffett made the comments to try to ease some concerns about fitch's downgrade of the u.s. saying there are some things that people shouldn't worry about, and this is one now, that's not to say that the concerns raised by fitch aren't valid, buffett did say he doesn't agree with everything the federal g

take us two-to-three years to work through this of >>> and berkshire jumps to $150 billion with warren buffettosting a 7% rise with chevron paying off for the oracle of omaha. >>> very warm welcome to "street signs" and special because it is the first time in over a month we're back together. >> we calculated it. five weeks we haven't done the show together. >> i missed you. i missed the show. >> it feels good >> with that, i guess we should talk about aramco. >> a hard pivot. let's get to it. the earnings do continue to roll in this time from aramco with 40% plunge in second quarter net profits with low oil prices with refining and chemical margins. dan has been pouring through the numbers. dan joins us now dan, it looks as aramco weathered the period better than the western peers. >> reporter: you are right great to see you both back together welcome back to your own program. thanks for having me we have looked through the earnings and the ceo sounding upbeat on the outlook here we have seen aramco beating expectations in the second quarter modestly despite the 40% decline in net income. we

horton after a boost from warren buffett with the positions into those companies. moves adding to a rally in home builders with all three names up so far this year. >>> and the hollywood studiostes concessions on the a.i. and the viewership numbers as well. >>> looking at the markets overall, we saw a bounceback for the nasdaq we are trying to see what is happening as we keep a close eye on the 50-day moving average you see we bumped up against it with yesterday's session we are above the longer term 200-day trend line something to keep an eye on. with regard to the volatility, stock marketvi volatility is at 15 if you look at the longer-term trend line, 200-day average on the rolling basis is close tr to 19 we will see whether or not that plays into the positioning that traders have right now let's bring in kevin simpson chief investment officer at capital wealth management. kevin, is there anything concerning to you about the setup for traders and investors? 12k . >> i'm always concerned, dom from the trading perspective and option perspective, it is a lamb sleep

plus, what warren buffett is buying. we'll bring you the latest 13 f filings as hedge funds look to gain from the hype over artificial intelligence. well, good morning. welcome to tuesday. and it's actually a busy one despite it being august. you've got traders betting that the fed is going to keep rates higher for longer. and if you look at the impact on yield as well, they have been steadying. but you had seen the ten year yield climb to its highest since november and the two year yield, which of course is more sensitive to monetary policy, advanced for a fourth day yesterday towards 5%. ten year real yields were at a 14 year high. now, that spurred gains on the dollar against some of its major peers, but also against emerging market currencies. it really has been an ugly day for them and the pain seems to be everywhere, especially for the argentine peso, which has also devalued its currency by 18% and hiked rates by 20 pips. now the question is how will the pain persist? we should get more clues on the future path for

and sue, this is an oil company that warren buffett has a stake in. yeah, warren buffett has been a big fan of oxy and particularly its leadership by ceo vicki hollub. and he's been buying shares throughout 2023. so that adds extra attention to this story. but oxy buying canadian carbon capture startup carbon engineering is also a big story because they want to expand their leadership position in removing carbon dioxide directly from the atmosphere. as mentioned, this is a 1.1 billion all cash deal expected to close by the end of the year. now, the two companies have been working together in partnership for the past four years on oxy west texas stratus project that's set to be the world's largest direct air capture plant by 2025. dac is the buzz word and it is the way it's described. and what it really means is pulling carbon dioxide directly out of the atmosphere. and my colleague kevin crowley in houston says it's kind of like oxy is now jumping ahead to carbon capture 2.0, where many of the rivals are doing carbon capture 1.0, pulling carbon dioxid

but they seem to make it work and this is in spite of warren buffett having guided lower in may saying be trouble in the units. areas of strength included insurance which was unexpected but the geico insurance unit posted a 74% increase. geico performing better. it was unprofitable last year but we've seen higher premiums and lower claims as well as a reduction in advertising spending which is positive and negative. in the negative: we saw the railroad unit profit there, falling 24%. there were more headcount and expenses involved. so you can understand how inflation is hurting that segment. in the positive column you had a higher yield from treasuries because we've seen interest rate increases so inflation helping and hurting at the same time. kathleen: i guess that's the way to make it work. let's leave it there. vonnie quinn, thank you. coming up a check on how oil markets are doing after opec-plus reaffirmed its oil supply policy. more on the coalitions latest move, coming up next. this is bloomberg. ♪ sleepovers just aren't what they used to be. a house full of screens? basically

there is a buy in here, and you're following warren buffett.berkshire and the home builders -- let's lay it out. buffet bought more than $700 of dr horton and other home buyers. listen, i'm not going to say this, but the time to buy them was a year ago when they were trading at 3 x. but that's not the say -- listen, they bought apple and crushed it. so why is now a good time to be a buyer of dr horton? >> we were talking about it last summer, but i can't believe that trade worked out. i was not early. we've got 30% of all new -- or all home sales coming from new construction. that's over twice the historical norm. nobody wants to lose their 3.5% mortgage. that's not what is going on. what's going on is the ratio of adult children living at home is plummeting right now. that's not a covid thing, it's that millennials were staying in school longer. they were staying at home longer. but eventually they get married, have kids and become parents. so the reason dr horton versus the other group, if you're going to go in now on a big secular move going

warren buffett could to it in omaha. you know that there's there's plenty of resources available. it's the issue is how the resources are distribute it. and so the second piece is, you know, how do we how do we go about that? you know, i think some people, you know, would reasonably say like, oh, well you know, larry page isn't going to just you give all that up. clearly that hasn't hasn't happened. and i think the way i think about this is. that it's less about yeah, it's less about trying to convince everybody or even majority that if if there's even a small of of folks who step out, you know, and in many ways, like me, writing this book is an attempt to step out in that way. and take some risks that if if people with power and advantage are willing to go out on a limb, take some risks, ruffle some feathers, even a few of them, it can it help to shift culture in this country and, help make those transformative policy change as possible. so what do you think about the fact that warren buffett and bill gates and a whole collaborative of, rich white men have said, they're going to

byd is the biggest china auto brand and counts warren buffett as the biggest investor. >>> coming upn "worldwide exchange," the one word that every investor needs to know today. plus, the key piece of economic data that jenny harrington is watching today and what it means rer the equity outlook. mo "worldwide exchange" coming up after this. dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley ♪ ("please don't go" by harry casey, richard raymond finch ) ♪ (ping) ( ♪ ♪ ) ♪ please don't go ♪ ♪ please don't go ♪ ♪ please don't go ♪ ♪ please don't go ♪ ♪ don't goooooo! ♪ ( ♪ ♪ ) ♪ don't go away ♪ ( ♪ ♪ ) ♪ please don't go ♪ >>> welcome back to "worldwide exchange." time for the "w

>> first, i am no warren buffett. i'm a tv guy who tries to do his best to teach you. but, i thank you for that. here is what i have to say. i think it depends on your time and predilection. you put away your first 10,000 in an index fund, if you like picking stocks, but stood together. join the cnbc investment club. if you don't like picking stocks, let someone else do it for you but if you want to be involved, i will teach you to be a good investor. let's go to ann in indiana. i am a club member, but i've been thinking about this lately, and i wondered if you could talk more about suspending our judgment and letting the market take a stock up even when a ceo does something they said they are not going to do, or a company makes a bunch of mistakes, but they have very little competition, or a ceo makes big mistakes that seem to take a long time to fix. >> well, this is a tough one. i have made this mistake. i have stuck with people for two -- too long. in almost every case it hasn't worked. whether you are an amateur or professional, do your homework and keep your port

. >>> and higher interest rates and surging stocks helping warren buffett and berkshire hathaway in a big way. and later in the show, a live stream update on the musk and zuckerberg cage match. it is monday, august 7th you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. let's get you ready for the day. we kick it off with the u.s. stock futures. green across the board nasdaq doing the best up .30%. at this hour, the dow would open up 70 points higher. this is after the poor showing last week with the s&p and nasdaq coming off four straight days of losses and the worst week since march 10th. you see the nasdaq down 3% s&p almost by 2.5% it was rough for the tech sector the sector coming off three straight days of losses. the sharp decline down 1.5%. excuse me. 4.25%. the fitch downgrade is playing a factor it was dragged down by apple which had its worst week since 2023 we had a very busy week for fixed income and new long-term issuance yields here with the 10-year treasury at 4.09 yields back above 4% since that fitch

he said that the case file was also linked to them to you as mobile, warren buffett in his closing statement. and i found you once again describe the trial against him as unjust. doesn't stand for pocket reporting from 3 of the thank you very much. archaeologists have rushed soon opened corey, and serbia of mine is that made an extraordinary discovery. they on us the hall of an ancient roman ship, while mining colette, besides what was once a roman city. the 13 meet the vessel dates back nearly 2000 to 2. when the area was a roman prophets believed to be a river ship that linked to local city with the port on the danube river archaeologist say the ship will be headed to a museum and believe more attractions to be found nearby. you're watching the videos. here's a reminder of our top story, a training into intelligence sources say a russian warship has been damaged in a drone attempt on russia's black sea naval dice in nevada, says francis, the russian vessel was seriously damaged. russia's defense ministry and fis via prime in attack was with details and did not submit to any damage to the s

lauren: warren buffett, his berkshire hathaway cut its stakes by 22 million shares.his holding about a decade and gm has not grown its share price much and berkshire bought around 33 a share and now at 30. they've had the stock for a decade and not very profitable for them. stuart: discover, is the ceo out 124 lauren: it's been a rough ride for the online bank and last month they disclosed a regulatory review for incorrectly classified credit card accounts dating back to 200 and now the ceo is gone. double ouch. stuart: grinder, lgbtq dating site. lauren: good job. the stock is up 20%. really strong demand for weekly subscriptions and they raised their full year forecast as a result. i correct myself, it's up 11.7%. it had been up 20. stuart: thanks, lauren. lauren: yep. stuart: some streams offering up to 6 figures to fill artificial intelligence jobs. come back in again. i need to know which companies are doing this? lauren: say almost seven figures. start with netflixs and a product manager for machine learning position that makes up to $900,000 a year and don't e

cap -- kathleen: warren buffett's profit gains. haidi: the week were taking a look at u.s. futures. the focus will be on the fed given the commentary from two fed officials and a jobs number saying if we see a sustained weakness in jobs data in the u.s. the fed may have to start thinking about pivoting. we are seeing u.s. futures looking modestly higher. s&p futures up a 10th of 1%. the big story is going to be will we see a seventh straight week of gains when it comes to crude? the bti getting 20% over the past six weeks as we see restrictive demand continues to tighten and supply continuing to tighten. goldman sachs saying we sell some of the most amid all year in july. brent crude sitting higher i-4 tenths of 1%. that higher by 4/10 of 1%. that he ran crow raising prices to all customers in asia and europe. that is going to create more of the tightening effect. take a look at the set up when it comes to leo's drill you session. futures looking a little bit like this. the aussie dollar which did see modest gains on friday. pretty flat at the moment at the start of trading. annabel

warren buffett bought into home stocks. now is the time to follow his lead.id vaccine demand is fizzling out. now may be the time to buy. elizabeth o'brien. jack, up this week, the 10 year passing. >> a 15 year high. stocks fell for the week. 4.3%, not that high in historical terms. the average is close to 6%. a lot higher than where we were and that has investors nervous. the s&p is competition for stocks. it is not cheap. second-quarter earnings came down 3%. the third quarter will be flat. we will see. next year up 12%. that is not going to happen. a placeholder number that they stick their. closer to the end of the year they will give you the real number. >> who are some of the big winners? >> the big losers, cvs boss 10% on the week. blue shield of california said it was dropping the pharmacy benefits management service in order to save money. apparently blue shield is getting rid of it. tesla had a bad week. a bad month. you can squint and find other concerns, worried about the economy. citizens financial group, a bunch of banks. those banks are facing

jamie dimond and warren buffett say, don't worry about the fitch downgrade. should we? let's bring in kevin mott point may be the timing is weird. it feels like we are going to shine more light on the deficits and the debt situation. what is the investor application, do you think? >> i think the downgrade by fitch shouldn't have caught everybody by surprise. they were on negative watch for a long time. it followed suit with the downgrade by s&p some 11 years ago. but it is now a split rating. moody still has the u.s. at a aaa rating and a stable rating, as well. i think the implications on debt marketing are that great right now. psychologically, it makes everyone start to question, how strong is this economy right now? if the fed continues to raise interest ratesin the face of it, not only will it make it cost more for the u.s. government to service their debt, but what about the consumer that but $180 billion on their credit cards last year, that are now facing credit card interest rates of 21%. each time they are raised by another 25 basis points. that makes the cost

dr horton, home builder and warren buffett bought in and stock up 2%. >> i did not own them.re tough and warren buffett made a wise move here and you look year-to-date and stock had a huge move up. we don't have enough homes in the country to house all of our citizen, legal citizens that is. if companies like dr horton need to expand and go out and build more homes and i think if that continues, you're going to see more movement in the stock price. stuart: got it, thanks very much, mike. one of the big stories we've been talking about today is the downside move and the economic problems in china. bring in china expert lee steinhauer with us. they stopped releasing youth jobless data because it's so bad. is the economy in china in danger of a serious ongoing downward spiral? >> yeah, china right now is in bad shape economically. you touched on a few of the issues. their real estate sector, which is about 30% of their economy, which is a huge component has been in a downward trend for the last two years at least just this week, one of their biggest property developers country g

the main reason warren buffett has talked about.current homes because of the mortgage rates are so low and most homes by the way are owned by boomers. so you know, pulte is a great executor and wonderful targets for people who need hopes, particularly young folks. we've done really, really well with that stock and we like it. [closing bell rings] liz: congratulations on that one. thank you very much. michael, thank you very much. dow couldn't quite do it, down 35 points. nasdaq on the way to the best day since july 28th. that will do it for us. ♪. larry: hello, folks, wealth come to "kudlow," i'm larry kudlow. last week the biden white house bigwig john podesta fests up all the inflation reduction act was really about climate change, not inflation. the cost of that acted by the way has be

you know, whenever warren buffett's piling up cash, i think back to his statement that, you know, whenl. but when wall street is fearful, be greedy. so when buffett starts to pile up cash, you know he thinks there are going to be some deals to be had. all indications are that the consumers are running out of money and with the increasing in prices and the rising interest rates, households are going to be pulling back, and that's going to create a recession sooner rather than layer. elizabeth: thanks for joining us. coming up, congresswoman nicole malliotakis, carol roth, john lonski, and homeland security's new warning, mexican cartels are now involved in every level of organized retail crime and retail theft across the u.s. this is thanks to biden's border crises. plus, just ahead former deputy assistant attorney general tom dupree. we're taking on this new bombshell, the national archives admits it does have nearly 5400 e-mails and records of then-vice president biden using fake names, fake aliases, pseudonyms. gop lawmakers want to know did biden use them, all of this, to give gover

big miss for builder sentiment >> while we have you, very notable that warren buffett has been buyingou've been digging into this >> he looked into -- these investing in d.r. horton and lennar and nvr they build the entry homes and they're affordable there's no affordability on the existing home side the same with lennar nvr is interesting because it's located in the northeast and the midwest, which are areas that were not as hot as in the west and the south. this is all based on mortgage rates. do these high mortgage rates keep homeowners in their homes, meaning they won't sell, and that puts the inventory on the market >> diana, thank you very much. a lot to get to there, including big tech moves a lot to talk about on the broader markets and the data front. i think we should talk about retail sales that was a surprise, if you're betting on the consumer, but not if you're betting on the fed the big surprise was more than expected and you look at the control number, it takes out the volatile series like restaurants and autos and gas. up 1%. remember the atlanta fed gdp tracker? risk

the good, warren buffett adding a stake in the stock bad, home builder sentiment dropping sharply with over 7%. >>> we begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the united states credit rating. for market reaction, let's bring in doug butler, director of research at rockland trust what has got fitchy feeling so -- well, i could rhyme but i won't. >> i'll also not go there. but again, fitch downgrading the banks, very core lair to what they just did. it's their really negative on the government and they're taking this as a broad swath they're saying the banking industry as a whole and greater problems which is why they would hit jp morgan kchase and every bank dow the line every bank from large regionals all the way up to jp morgan would get hit. and that's one of the reasons why it's spooked the markets a bit, feeling like this is a problem. but again, if the issues facing the bank, real estate problem, deposits, those are things that -- concerns have been baked

charles: someone buying in the last 3:00 months is warren buffett.n 150 billion but put50 million to work in the homebuilders. >> right. charles: last time i remember you being in toll brothers? >> yep. charles: and pulte? >> yes. charles: you still in those. >> pulte is one of my favorites. charles: did buffett call you before? >> no, not yet. i'm open to his call. but, look, i like pulte and over some of the others like d.r. horton and lennar just because of valuations. they're trading at a 20% discount a little cheaper and safer bets. charles: i used to be heavy in toll home builders like toll because they're in high-end. >> more about the valuation because we're in this risk-off environment and people want to play it safe. yes, single-family home, if you're in the single-family home area that is definitely a benefit. charles: we're in a defense sieve posture now. you have some defensive ideas for us. >> again there is short term. we're saying one to two months. but energy stocks, this is one of your energy etfs. they trade very closely so there i

what's interesting to me is that other big players, warren buffett in particular, has been selling a months. hoarding cash. if there were to be a downturn in the market, you would want to have cash because you would come in and scoop up stocks on the cheap. so there are some big players considering that the market is overvalued and historically speaking it is overvalued. >> i think that's a great point about buffett. he also waits to make big purchases until they're priced, what he thinks, is adequate. you don't just watch him selling but what he's not doing which is buying. >> he's the oracle of omaha for a reason. >> if you could explain it to people, this could just be insurance, too. >> a lot of his positions are long, so he bets on certain companies that he thinks are undervalued. >> what does it mean when you're long on something? >> you buy it and you hold it. he could just be hedging. he could have some insurance. basically he's going to win either way. if the market goes down, he will profit from his put options. if the market goes up, he will profit from his long positions.

warren buffett has beeni busy te last year adding japanese stocks his portfolio and managing rising interestshareholders last heard from the legendary investor back in may during berkshire hathaway's annual meeting where he took questions in a marathon six-hour session. >>> ford drivers listen up. the american-based manufacturer is recalling about 42,000 f-250 and # f-350 trucks because the rear axle shaft may break. a report from the national highway traffic safety administration says a broken axle shaft could increase the risk of a crash impacted drivers will be notified and ford will inspect and fix the shaft. >>> and some fast food customers have beef with burger king. a class-action lawsuit alleges the chain made its signature whopper look bigger than it actually is in ads and on billboards. a federal judge refused to dismiss the case. the suit seeks $5 million for breach of contract. that's your "cbs moneywatch" report for this thursday morning. i'm shanelle kaul, cbs news new york. >>> the annual venice film festival kicked off without its usual star power. the dual actors and writers

. >> warren buffett, your yeah, what about my? if he can be turned into a chat gpt character like we're talking yesterday with james pay money to talk to buffett because he's not last of planet forever world. it advice come out business because i know how it comes out. the like in the world. i some things people shouldn't worry about. this is tne of them in a place like life. the fitch downgrade of debt in the united states. he still says the u.s. dollars where the place to be. >> he says this isn't an economic endorsement of negativity in any way, shape or form. it was a big headline this week and we're starting to move past it yesterday. marco's down big day. it's down just a little bit. when i find myself in times of trouble. i don't listen john lennon. i was warren buffett, but the truth the 10 year treasuries. it's a 4.1%. and i've been saying for 25 years, daria, i've said it once. i've said it a million times exact rate. but more importantly, i said it's tough to investments of 4.1% because i'd rather put my money somewhere

now people like bezos and mosk and warren buffett pay 1% or 2% taxes.hat is why we used to have funding to keep this country and keep our middle-class and do everything and now it is just the idea that let's deregulate everything and nobody pays taxes. look around, there are homeless people and people are hurting. we are the only modern country in the world that does not provide health care. that ghoul you had on earlier, he was a lying chill. that would make a big difference. we have a mental health crisis. do they want to give us health care? of course not. you are my favorite person. have a great day, america. host: leo, illinois, wrote publican. caller: good morning. we have a new disease in this country and i was there to the gentleman in california who asked the doctor, questioning a doctor, where was he during the pandemic. it wasn't a pandemic, it was a military biological weapon, period. i was in atlanta, i happened to get pulled over in my license was expired and i got locked up in rows well i went to fulton county and what does this have to d

. >>> our road map begins with warren buffett telling cnbc he's not worried about the fitch downgrade>>> apple and amazon set to report after the bell tonight. >>> speaking of earnings, we're going to talk to shopify's president this hour on the company's latest quarter after topping some estimates >>> but let's begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. are we going to use qualcomm as a read for tonight >> no, qualcomm is just pa theting i. i was disgusted with that quarter. i'm so tired of their hype i'm sorry. i have a negative attitude about them i'm positive about other things. i mean, at the start, once again, they do this thing, it's great, it's great, it's great. and then you get to actually, but you know what, it's bad, and it's weak. it's great, it's great, well, it's bad, it's weak, and this is post auto and handset inventory build-up and, no, i'm making the samsung story, the solutions to apple. but no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. i t

so warren buffett giving a homebuilder a thumbs up and obviously a lot of those homebuilders, at least they're activity can help the home depot business. right now, home depot is modestly higher, matt. but as we've assessed those results and we'll talk a little bit more about them later in the program, it just feels like consumers are not buying the biggest ticket items these days, still doing some spending, but less so. well, you know, i was talking to an analyst about this earlier, drew redding from bloomberg intelligence, who said the problem is the comps are from a time when people were out there buying the big ticket items, they were getting, you know, the big weber grills or, you know, decking for their patios. and now that that's done, it's not the kind of thing that you buy every month. you just do that every few years. and a lot of consumers have already done that with the excess savings they had. and the question is how much is left? let's talk about that right now, because us retail sales rose in july by more than forecast. we saw increases in sporting goods stores, clothing

have they heard of a guy named warren buffett or william shatner. -- you know what, it is to our benefit, though, because now you can actually talk about some things that may be in the past, you would have been less inclined to talk about for example, i know you're willing to weigh in on the fitch downgrade. let's just talk -- start out with this retail sales number and steve's reporting. did you foresee when you were at the fed that it was going to be a much stronger economy and maybe a no landing or soft landing? and what is really behind that is it all the stimulus that we're still seeing, fiscally >> yeah, i think watching this recovery from the pandemic has been fascinating and difficult to judge the consumer as we saw today is so important to this economy and they really have hung in there, despite what has been one of the most aggressive tightening cycles that the fed has undertaken so this is an extraordinary time we're watching these balances in the economy continue to work their way through. some sectors not doing as well others like the c

he got the warren buffett lunch for $600. it turned out to be a investment. it went for $90 million. 600 thousand for 90 million. clearly that worked well for him. we talk about individual stocks and what is valuable in this market. alphabet, bank of america. for rory, mastercard. all of that will be discussed. that discussion as at 12:00. >> i am a cnbc fan being part of cnbc. >> i am a subscriber. >> these are unique and a little bit different from the typical programming. they are actionable. you are walking away with ideas. >> 12:00 is the time. >>> amazon is joining the ranks of other tech firms looking to cash in with soft banks arm ipo. the british design company has been courting several high profile cornerstone investors. that is ahead of the planned nasdaq listing. the market cap is topping 60 million which will make it the world's biggest ipo so far this year. >>> sony has reported a 40% drop in line with estimates. the firm is targeting record and you will demand for the playstation, forecasting selling 25 alien consoles this year. disney's shares

stuart: warren buffett. has he been buying the homebuilders? they are a lot.e bought $800 for different home builders, dr horton, lennar, you see dr horton up 2.5%. the berkshire hathaway bet is low inventory sparks big demand to build homes. it makes sense, right? stocks are up because everyone looks at what omaha does. stuart: if you get the permitting people, they are not in my backyard people. they might build new houses but that is just my hope indian. check the big board, 6 minutes, down 190, that's just over half a percentage point. dow winners, home depot at the top, walmart is in there again, unitedhealth up. mcdonald's and merck down. the s&p 500 the winners please, dr horton, nvidia is up $10, 2. 3%. how about the nasdaq composite? look at the big names. nvidia, fort net on the upside. the 10 year treasury yield has been going up recently. 4.21%. the 2-year treasury this morning yielded 5%. that a landmark. the price of gold, $19.32 per ounce. bitcoin 20 one thousand 3, is it? it has been there for days. price of oil, 80 one dollars a barrel. natura

you have warren buffett saying he will keep buying and buying short-term t-bills because the u.s. government is the only place to be. what is the reconciliation and where is the relative value trade? do we park it in short-term? >> i think steepenor steepenerst if you have recession in fed cuts which is the traditional way to get out of yield curves and that is the opportunity. the second scenario is if we get the continued growth resilience. i think there is a ceiling that has been put in on the two-year point because the fed is done tightening that means it is safer to b be long there. you have great inversion i have think that works well and in the past, we have seen it work with the issuance concerns and the work with the longer inflation concern. you know, it makes more sense at an absolute long in terms of when we get the cuts in recession, it also makes sense. >> skylar montgomery koning, see you soon. >>> more to come on "worldwide exchange," and the one word investors have to know today. >>> first, digs into the pharma sector and the weight loss drug wars. >>> and more on

. >>> warren buffett is downplaying the risk fitch situation for the u.s.elling cnbc berkshire has been buying treasuries an the short end of the curve for consecutive weeks and will continue to do so the oracle of omaha says he has bought $10 billion of treasuries the past two mondays and the next question is to buy in three-month or six-month lows. let's discuss with the head of the short-term interest rate trading at citi. i appreciate the time. i wonder with the 10-year treasuries seesaw to the worrisome levels of 2022 would you be panicked? >> no, i think it is natural for us to see the curve steepening as we see global disinflation from australia to europe and uk and u.s. we see the global disinflation which means the front end of the curve is moving in less with the reinflation and curve steepening >> you see the likes of bill ackman who is shorting the treasuries and sawing this is a hedge against the high end are you in the same school of thought in. >> i think this is clear in the front end of the curve where the fed is trying to decide and a lot

the carmaker, backed by warren buffett, increased the share of the market by 435%.mily tan filed this report. >> reporter: the biggest ev maker breaking records in the first half to post $1.5 billion in profit. a threefold surge on year. despite price cuts, amid the price war, gross margin of 35%. the company delivers 1.25 vehicles. both segments are up 90% year over year. byd doesn't just dominate, the electronics unit announced the acquisition of mobile business in china. this will help it to expand customer base portfolio and smartphone business. byd shares out performing in trade today. i'm emily tan. back to you. >>> china is expected to dominate when the auto fair kicks off in munich next month. it is expected to feature twice the number of companies previously. european auto manufacturers are expected to come under fire with climate activists looking to question the dependence on combustion engines. >>> as new battery electric vehicle competitors aim for the segment of the market, labor relations across the region are critical factors. our next guest is the s

warren buffett, who put in a few more stakes in the house sector recently, cut activision stake and davidinhorn sounded the alarm. he put up 200 against the etf in the second quarter we don't know if he is still holding them or if it was some sort of hedge. that position doesn't a bet against $900 million of shares at the end of june david einhorn said he added substantial portfolio protection through the index hedge in the investor letter seen by cnbc he is out performing the s&p by 6% in the second quarter and he had a stock warning. the stock manager said if we were bearish until march and neutral through june, we would now characterize ourselves as worried. that's the set of play for now, joumanna >> arabile, thank you for the breakdown. let's bring in the chief investment officer capital group. wonderful to have you on the show david and michael building shorts into the second half of the year they are turning more bearish on the equity outlook where do you stand >> i saw that. the key thing if you look at the filing that goes on the 30th is from 45 days ago we don't know what happen

hathaway, firing on all cylinders and the one thing to consider is the $100 billion war chest that warren buffettll sweep in >> morgan stanley, i think capital formation is definitely choppy and i think you can own the name. >> joe, you have the last word. >> i like both of those calls. valero is trading right now at 1.29 we're seeing the risk management perspective and 119 and 118 area as a stop loss >> shares of valero up 2.25% right now. a quick check of the markets and the dow is trading at session highs and the s&p is the same and up almost a quarter of a percent and the russell the only one on the red and that will do it for us. "the exchange" with kelly evans starts right now >>> thank you very much, frank, and welcome to the exchange. i'm kelly evans, and ahead this hour from rate hikes to cuts by next year. the new york fed's john williams is floating that prospect in a new interview. we'll break down why it might be needed, how much is already priced in and what that could mean for inflation and the markets. former fed governor and national council director larry lindsay will join us mo

one thing that's interesting, we haven't seen warren buffett with his massive cash boards.kpile there. he hasn't moved yet. that's interesting if we see berkberkshire, you ha some of the huge companies that have the balance sheet in cash to make the acquisitions, you could. you could see second half warm up a little bit. >> victoria, thank you >> a few minutes left. >>> a lot of stoes we riwant to get to it's closing time. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. >>> we have several stories we want to tell you about let's get to it. after three years of haphazard plans of getting workers back to their desks, the return to effort moves have remorse. 8

.: no, but the exclamation point to his colon in 2009 was this guy called warren buffett but a railroadn 2001 and that told you her things were going. matt m.: thanks for joining us on sort notice -- short notice. matt winkler talking about laszlo birinyi who died at the age of 79. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> welcome to bloomberg markets. matt: let us take a quick check on the markets at this hour. it looks like we are hitting a session high on the s&p, as well as a session low on 10 year yields. buy price up, you'll down. we see the s&p 500 gaining 1.2%, being pushed up by tech stocks. 4400 40 the level and we are seeing the 10 year yield which had risen dramatically, 50 basis points in three or four sessions, now down 13 basis points today. 41977, essentially for 20 on the 10 year as investors by the bonds. u.s. dollar index off by a third of 1%. still a relatively high level. crude coming down, still below $80 a barrel. $79 30 one cents. amber? amber: