about the same thing because warren buffett's company berkshire hathaway, one of the companies they invested in with a petrol company that was connected to this arms and stuff going on in sudan and basically buffett's answer was, yeah, we're not going to change what we're going to do, it's unfortunate what's going on there, but doesn't affect us. lebron decided not to sign the letter, he and one other player on the team one of two that didn't. and as soon as he did that, they covered it and in the united states and became a problem for him and he was repeatedly questioned why he didn't sign it. mind you this is in the middle of nba playoffs he's getting hit with this and then he has what some people say is the greatest game of his career in the middle of all of this against the detroit pistons. lebron has the game of his life where he literally-- it's like one of the few times when one man beats five. it's a stunning performance that makes everybody forget about sudan and china for a season and then the olympics come and when lebron actually goes to beijing it starts up all over again and th

in fact his friend warren buffett was asked about the same thing because warren buffett's company, berkshire hathaway, one of the companies they invested, was a petro company that was connected to this arms and going on in sudan and basically buffett's answer to all the shareholders, yeah, we're not going change what we do. so unfortunate what's going on over there, but doesn't really affect us. and that's it. but lebron not to sign the letter he was and he and one other player on the team were the only two that didn't. and as soon as he that the new york times covered it and every other newspaper in media outlet in the united states and became a problem for him because he was ripping to lee questioned about why he didn't sign it mind you this is going on in the middle of the nba playoffs that he's getting hit with this and then he has what some people would say is the greatest game. his career in the middle. all this against the detroit pistons. lebron has the game his life where he literally is. it's like one of the few times where one man beats five. and it is a stunning performance that

. >>> later on, warren buffett's berkshire halves its stake in a hardware giant. it is tuesday, december 12th, 2023. you are watching "worldwide exchange" here on cnbc. >>> good morning. welcome to "worldwide exchange." i'm dominic chu in for frank holland. let's check off with the three-day winning streak and the dow trading at the highest level since january of 2022. futures are indicated higher. dow by 100 points. s&p higher by 7 points and nasdaq implied higher by 41. this as the federal reserve kicks off the final policy meeting of the year with interest rate traders widely expecting no change at all in rate policy until at least march of next year. we will get the latest read on consumer prices with the november cpi report due at 8:30 a.m. the economists are looking for prices to dip slightly from a year ago. if you strip out the effects mof food and energy, we expect no change at the year over year rate of roughly 4%. that's the estimate. . >>> if you check on the bond market, we were talking about 4.27%. the ten-year treasury note below 4.2%. the two-year

. >>> later in the show, warren buffett showing more love for one oil driller. it's thursday, december 14th, 2 2023. you are watching "worldwide exchange" here on cnbc. >>> good morning. welcome to "worldwide exchange." i'm frank holland. we kickoff with the check of the u.s. stock futures. the s&p is up .25%. the nasdaq is up .25%. the dow is the big story. it is up 62 points in the pre-market following a fresh record high for the close yesterday. this rally in the pre-market follows, of course, the broad-based rally yesterday with all of the major averages jumping more than 1%. 37,000 is where the dow closed y yesterday. >>> the fed set to an dsignal i could ease policy next year. >> we add the word any as an acknowledgment that we are likely at or near the peek rate for this cycle. >> we are aware of the risk that we would hang on too long. we know that is a risk and we're very focused on not making that mistake. >> on that decision and that tone, we're seeing a drop in treasury yields with the t two-year note coming off the drop since the svb in march. the t

he is to be missed but warren buffett shows will not expect it highlights the mortality buffett is 93t of investing wisdom, let's try to find some big pics, what you have. >> in looking at newmont mining, gold hit an all-time high, mining stocks have been terrible and newmont has been worse than most. the thing you should have some catch up, the stocking 9% this because gold went on a run but it's still down 12% in 2023. i think as gold continues to make his way higher, you will see newmont close a lot of the gap. >> i'm taking a lot and just look at rpm international. it's one of the companies that you probably never heard of but you're probably in contact every day to make paint coding sealants and is also a dividend player are they successfully dividend for 50 years in a row if you invested a thousand dollars 50 years ago one point to million dollars today compared to the same thousand dollars getting to 178,000 and the s&p 500, solid dividend play in a name you might not be familiar with. >> i know they make rest oleum. if you have rest you can just pray that on, i'm not a chemist

the united nations has repeatedly warren buffett increasing the dire humanitarian situation in the war to and cause a strip. now the un as appointed or to monitor and coordinate to to boost is the data to the following. the security council resolution. the good cause of pharma, dutch deputy premier, and mid east export will begin whole a senior, who, monitoring and reconstruction coordinator for garza in general to her task, would be to coordinate, monitor and verify who monitored and released deliveries. now, since it's the beginning it's siege of casa, it's over 2000000 residents, the 5th of your offices, of water, of food, fuel, and medicine. i know a serious and b as the country direct us to surface sojourn in the occupied palace to an entire street. he just withdrawn from 3 weeks in casa, and told us more about what he saw. the issue is deteriorating situation, disability, as best as the children went out. they, i so the massive movement possibility and that had been told to sleep once again to the south casa. yeah, there is no way in raw that can accommodate them. is the infrastr

>> first, i'm no warren buffett. i'm a tv guy that tries to do his best, but i thank you for that.e to say. i think it depends on your ime and predilection. put your first 10,000 and and index fund. if you like picking stocks join the cnbc investing club. if you don't let somebody else do it for you. if you want to be involved i will help teach you. i have done it for a very long time and i have been very successful. let's go to and in indiana. >> thank you for taking my call. >> you are quite welcome. what's up? >> i have been thinking about this lately and i wondered if you could talk more about suspending our judgment and letting the market take us back up even when a ceo does something they said they were not going to do our company makes a bunch of mistake but they have very little competition or the ceo takes big mistakes that seem to take a long time to fix. >> this is a tough one because i have made this mistake. i have stuck with people for too long. i keep thinking i will give them another try. in almost every case it has not been working. >>> whether you are amateur or p

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>> what's going to happen, you've seen byd back bed by warren buffett, the name mg and like the britishants in mexico where they're going to bypass the free trade agreement, and tear going to bring cars into this country. believe me, they're selling them at $15,000 in china. you bring in cars at 15 grand, you will destroy the u.s. auto industry. charles: we asked for it. lauren, got that -- gotta live it there. >> -- kill switches. charles: liz claman,s over to you with. liz: it is great to sew you on this -- is it thursday?

warren buffett called up and said bill, i want you to sign the giving pledge. it is -- i've learned a lot about philanthropy. i started the pershing square foundation 17 years ago. personal business plan was to be super successful and then take the resources i do not need and we deploy them in the way that i thought was best for society. i do think that capitalism and for-profit business models are generally the best way to solve problems, but there are still societal problems that cannot be solved in the traditional capital market. david: recently, you have been very public about your criticism of the way harvard handled the events of october 7, and their aftermath. bill: the first reaction of a group of 34 harvard club on the morning after october 7 was to put out a statement saying that israel was 100% responsible for the acts of hamas. my view on that was that it was ridiculous and more than kilis. -- more than ridiculous. students need to have more judgment and respect. you can come out and say come on unhappy about israel's treatment of the palestinians o

he's involved in warren buffett's giving pledge and major causes but billionaire investor, leon coopermane out of finance circles where he has known for reaching the top at goldman sachs. he launched a powerful hedge fund deploying influence through his money, megaphone, meetings with billionaires and presidents and as i mentioned earlier tonight, we're about to hear from mr. cooperman. then president trump tried to win him over. they had a white house meeting but cooperman has other ideas. >> trump is disgusting human being. he belongs in jail in my opinion. >> we will get to that. but first, cooperman is now doing something that the vast majority of super wealthy people and billionaires do not do amidst mounting inequality and growing backlash. he's not just donating a couple of points of his net worth or even half as buffett called on billionaires to do. buffett is now giving more than that. about 99% but the call to billionaires was to do half. cooperman has said half is not enough. he's giving back the majority of his billions. giving it back. so we just went to florida to ask him ab

one day, warren buffett calls up and says, i want you to sign the giving pledge.ave learned a lot about philanthropy. i started pershing square foundation i think 17 years ago. my personal business plan was always to be super successful and take the resources i don't need and redeploy them in a way that i thought was best for society. i do think that philanthropy is often not the best way to solve problems. i do think capitalism and for-profit business models are generally the best way to solve problems, but there are still problems, societal ones, that cannot be solved in traditional capital markets, so that gap is the areas we focus on. david: what are the areas you have been focused on is your alma mater, harvard. recently, you have been public about your criticism, the way harvard handled the events of october 7 and their aftermath. bill: the first reaction of a group of 34 hardened -- 34 harvard student clubs on the morning after october 7 was to put out a statement saying that israel was 100% responsible for the acts of hamas. my view on that was, you know,

. >> you you also like brookshire hathaway they have a good sleeping night stock, obviously warren buffetting for almost 60 years, $150 billion worth of cash and a huge equity portfolio of $350 billion in his good earnings trading 20 times forward earnings and earnings are growing nicely. >> here's the thing buffett is 93 years old you've known him and spoken him over the years isn't that an issue. >> it's definitely an issue charlie munger died in 99. he is a great until shape and he wants to run the company for three or four more years what happens after him is definitely a question some people were concerned about that and good reason he thinks the stock might go up after his death in the breakup of the company but i think it could drop but it seems pretty capable. >> you have some under the radar picks and get a call them under the hood picks the first one is hertz. you been looking at this for a while and i'm curious to hear what your take is on it now. >> i actually voted and favorably at 18 and now it's at ten is not a good call were doubling down it's one of the leading rental car

. >> reporter: this is not warren buffett giving away free bit time. >> i don't have much time left tohat's why i decided to organize a giveaway. >> reporter: and that definitely not elon musk giving people an opportunity to get rich quick. >> absolutely. everything is very simple. >> reporter: welcome to the misleading future, where celebrity product pitches you see online -- >> watching this video, you're one of the 10,000 lucky people who will get an iphone 15 pro. >> may be scams. stars like tom hanks and gayle king warning their followers about fake versions of themselves, also known as deepfakes. >> more tools are coming out that make it easier and easier. >> reporter: it's so easy, the team at slack shack films did it to me. >> what is secret to weight loss? >> i've honestly been a bit hesitant to share this with you. i think now it's time. the secret is chocolate cake. >> whoa. >> copious amounts of chocolate cake. breakfast, lunch, dinner. brunch, afternoon snack. chocolate cake. >> man. >> there it is. >> wow. >> reporter: here's how they did it. they had an actor play the pa

this is not warren buffett give away free bitcoin.ime left to live, that's why i decided to organize a giveaway. >> and that is definitely not elon musk giving people an opportunity to get rich quick. >> absolutely everyone can earn everything. it's very simple. >> welcome to the misleading future where celebrity products you see pitch online. >> you're one of the 10,000 lucky people who will get an iphone pro. >> tom hanks and gayle king warning their followers of fake versions of themselves also known as deep fakes. >> more tools have been coming out that make it easier and easier for anybody to do deep fakeses. >> it is so easy, the team did it to me. >> what is the secret to weight loss? >> i've been hesitant to share this with you, but i think now it's time. the secret is chocolate cake. >> whoa. >> copious amounts of chocolate cake. breakfast, lunch, dinner. afternoon snack. chocolate cake. >> man. there it is. >> wow. >> here's how they did it. they had an actor play a part of me and using ai digitally used his voice and doctor

apple, currently oracle in technology, i think you want to own great companies, and this is how warren buffetting signatures acording to munger to great companies reasonable price what we're seeking some technology, moved to overweight we are he overweight moved to overweight in industrials advocates consumer discretionary we think you continue to see that consumer is not else in rolling over because of expectations. >> apologies that chris the guy said that he said that is creation of the fab 50 i give him credit for that, third quarter of this year, stock buybacks totaled more than 185 billion, that is 6.1% jump quarter to quarter. what does that tell you? >> yeah. we think that is going to put a floor under a lot of these stocks, i don't own all magnificent seven if you look at that group, they have announced about 190 billion in share buybacks, as we saw in 2021, that every time group sold off, the share buyback for putting floor under it we think that will continue. one of the reason fors that soovrt shadow banking segment of the market, public pension funds have insatiable an institute f

that handsome young man is warren buffett. yvonne: ok, why are we talking about this?arbook. it may not be his. i don't think it is his, but certainly that was being sold. he bought it for about $350. i think he has seen it on ebay for maybe double that. it just goes to show, that's just one item. he spoke about finding investment value in these historic pieces he has been collecting. >> i would say that memorabilia is a great market because it tugs at the heart strings. it does something beyond supply and demand. it reminds people when they were at games with their father. it reminds them of a movie. gets them closer history. i think that is really important. >> how did you understand how to value something? >> any good investor has to be curious. i have lost in some markets. you don't just move on and say i've lost, why did i lose? i started investing in sealed vhs tapes. to me, that made a lot of sense because it was a piece of outdated technology, and who did not open a vhs tape? i put money into it and it did not turn out to be the market i thought. there were bas

i talk about other things with warren buffett.to speak to him. what we try to do when we're making big decisions like this, we try to make sure our shareholders understand what we're doing. try to make sure that we're talking with all of our large shareholders to ensure that they know what our strategy is, and this is very consistent with what we're trying to do with our value proposition, and so this shouldn't be inconsistent to them, or to any of our shareholders, how we're approaching delivering value over time. >> vicki hollub and the big deal occidental announced today for crownrock. vicki, thank you for your time. >> thank you. >>> okay. >>> coming up after the break, security funding in focus in washington. speaking with a senator about israel, ukraine and how america's southern board sir playing intothe ghngfiti congress. stay tuned. you're watching "squawk" about this is cnbc. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovativ

you and warren buffett had a relationship. where does this lawsuit stand?unfortunate when two parties can't resolve differences. that is what the courts are for and it will go to the delaware, sometime after the first of the year and be resolved quickly. it's inappropriate to say much more. liz: you feel confident you will prevail? >> i don't want to say that. we feel reasonable about where we stand but the court will make the decision. liz: the columbus crew, good luck on saturday. >> we are really excited. we will have a great crowd, the fans are fired up. we can't wait. liz: was well before the crew. these teams reinvigorate cities. congratulations. we will be watching tonight and the major league soccer, you are welcome, major league soccer on saturday is on fox. we will watch that. good to see you too. the original meme stock doing a complete 180. we will tell you what game stop announced that has the bulls and bears in a massive tug-of-war over the single session. wait until you see who is winning. coming up, what is your -- the latest buzzword in art

berkshire hathaway thas warren buffett you never get trouble with that.ooking holdings, the numbers have held up. nvr, not too great homebuilder i prefer toll brothers. it. idia own it, don't tde semi, housing,ravel, conglomerate, do-it-yourself auto. i say if i had buttons in here it would be hallelujah. who is next? it turnsut to be don ao from illinois. >> hello. thank you for taki my call. i like to wish you a your staff happy lidays. >> my staff is killer. they are going tthe eagles game thiweek. i'm taking them all. here a my top five holdings >> announcer: ll y, msft, microsoft, procter & gamble, apple and dear. mi diversified? >> procter & gamble yes. apple own it don't trade it. microsoft breakout year, eli lilly. and then john deere, not a great quarter t that's okay. farm equipment tech drug consumer product tech intech, can we handle it? i will bless it because they are the two best. i will make an exception tay. let's go troland in louisiana. >> what's going ? >> i'mosing my voi. i haot lost it in the last couple weeks, if anyone can findt lo

. >>> warren buffett boosting occidental stock to the tune of 5.9 million.to under 28% total. >>> and the frequent flyer programs over deceptive practices. it is looking to weather the devaluation of the frequent flyer miles makes it harder to book tickets. >>> elon musk lashing out on x with cathie wood. musk says the high burden pressure from shareholders that limit efficiency and passive investing is fuelling volatility. >>> here is what to watch. core pce and durable goods. we get december manufacturing and services pmi numbers. at 10:00, it is november new home sales. >>> it is the most wonderful time of the market as we enter into the santa claus rally today. that may bring fear into investors. bob pisani is here tracking the patterns. >> reporter: frank, it is that time of year. the santa claus rally. the santa claus is the s&p to rise in the last five trading days of one year and the first two trading days of the following year. it is good for an average gain of 1.3% of the s&p since 1950. no other consecutive seven-day period has higher results. it

warren buffett's berkshire hathaway boosted stake to 28%. it is up 2%, another share purchase after occidental agreed to purchase a permian company. david: rocket lab. lauren: aerospace surging, they won a government contract. manufactured, deliver and operate 18 vehicles worth $550 million. david: now this. new york has lost 100,000 residents in a year, the most in the country. imagine the crime here is helping the situation. we are speaking to michael lawler on the blue state exodus. not just here but in illinois. met mike johnson calling on the biden administration to take immediate action to curb the growing migrant crisis. the white house claims the president is doing everything he can including plans to send top members of his team to mexico. is the gop pressure campaign working? peter doocy is here with that report coming up next. ♪ more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect,

warren buffett famously said i do not buy gold but i buy gold miners because your cost of extractionlead into this segment, you saw bitcoin was up 150% and we are up more than double. romaine: what is the relationship you have with the crypto holders and some of the other funds that are not necessarily on the mining side. fred: we do not have a relationship, per se, with them. but if you hold bitcoin, you will only get the appreciation. if you hold the miner, you also get a portion. a stock like ours, we trade anywhere from 30 million to 50 million shares per day. we are attractive to be able to do that. romaine: does having an etf spot, multiple etfs in that space, does that take away from the attractiveness of buying marathon digital directive leak? -- directly? fred: there are only 21 million bitcoin that will ever exist. we have already mined 19.5 million-plus. jon: what can you tell us about your own plans on the mining front given there is so much a bullish conversation around bitcoin? how is that impacting 2024? fred: we had two goals in 2023. energize. think of that as crippl

i got one in warren buffett that i'm calling the original og, calling nvidia to cisco.ing this to the dot.com. i will show you why with two premier names, it was cisco and now it is nvidia. we are on the cusp of the roaring 20s which could be phenomenal. liz: we had a great 2023. aren't we there? charles: the last piece would be the election. it would be a pro-business present. 20s we had harding and coolidge. wasn't just pro-business. coolidge was pro technology. we encourage these things. the middle class exploded, by 1930, 40 million americans had a car. that decade, life expectancy increased more in that decade than any other decade. think of the miracle medical events around the corner. i'm talking amazing things. there is so many parallels. liz: what do you sell? are you watching something you believe in go down and down and down? ibm, glad you brought that up, this year ibm has woken up from a deep slumber. obviously leadership change. charles: my subscribers, why are we selling? we have several reasons, made a huge move, xyz at $10 a share is not the same as $20

ultimately warren buffett won't be around, right he's getting up there. what happens after that? it's the story of a brk-up story? we don't have a good feel of a successor, and we know who he has talked about, but do you want to own that if warren pwep buffet is t around by ontech, i mean, i think that's kind of dangerous i know the company, and dot forget they were pfizer's partner, and they have a pipeline but so do others. i would rather buy the biotech -- now we are going to go into year four, and i thi that's reasonable. as far as some othe others, i think they tried too hard to be different. pepsi is a permanent compounder, and ozempic has not panned out but had a really good quarter. >> wt you just said is an interesting way to think about this market, because in many trying a little harder to be different. right? this year was easy to be the same everody pile into mega cap and just watch the balances go up if you happeno be in the right stocks, rit? >> sure, some of that was chasing and some of it was new generation investors, and that's what they ow that's the names they

worth -- >> one of the most successful billionaire's you may not have heard of he's involved in warren buffett's -- but this billionaire investor does not keep -- top positions at goldman sachs after humble beginnings and the son of quite poor polish immigrants in the bronx, launched a powerful hedge fund deploying influencer his money, megaphone -- and as i mentioned earlier tonight we are about to hear from him, then president trump tried to win him over and -- cooperman has other ideas. >> trump is a disgusting human being. he belongs in jail, in my opinion. >> we will get to that. but firstly, cooperman is now doing something that the vast majority of super wealthy people and billionaires do not do amidst mounting inequality and this growing backlash to the rich american around the world, he's not just donating a couple points of his network net worth or even half as he called on billionaires to do with his much promoting pledge. buffett, we should mention, is now giving more than that, about 99%. but the cult ability news was to do hacooperso, we just wenth and they spoke at the white house

i go to -- alix: like the warren buffett of industrial services?things, things that will not go into the metaverse. the things that ai will be our friend, not our disruptor. guy: you bring up ai. let's talk about that. industrial services. people talk about productivity and been say i will bring. industrial services is often an area they talk about it affecting, because the productivity opportunity there could be quite significant. when you think about where the opportunity is going to come from here, is it scale, the application of technology, the application of a good hr team and being able to manage the people that are? is the secret sauce going to be a combination of all of those, and what will go into the mix in terms of percentages, and are those percentages different? brad: you raise excellent questions there, and i wrote a whole book about it. [laughter] it is not one the secret sauce of one particular item. it is a whole bunch of stuff and putting it together. the things you mentioned are part of it. applying technology in order to do the