one thing to be watch is warren buffett and berkshire hathaway. among the biggest holders, people will be wondering does buffett cut putt in the first quarter -- further in the first quarter. jack: a lot of people making a comparison to microsoft two decades ago. not only has microsoft thrived, but that the enabled companies like google and even apple the rise from the if dead and oxygenate the system, so i think everyone might be okay here. >> yeah. jon i want to ask you, elizabeth, about a real hit that humana if's stock has taken this year and other stocks as well. and and apparently it all goes back to medicare advantage problems. can you explain that? >> sure. that's right, jack. of course, the privately-run alternative to traditional medicare, also known as part c can. you can barely turn on a tv without a commercial for it. it's very popular with consumers. it's been lucrative for insurer, but there's signs that the economics might be shifting, that like you said is, humana if earlier this year said that health care utilization was way up.

investors as they follow warren buffett in the japanese stocks pushing the nikkei 225 to cross 45,000. >> we were showing the audience the chart since warren buffett announced he was investing in the japanese trading houses. nikkei out performing the s&p at that time. if you want to invest in japan, i'll show you the etfs. what do you make with the a.i. trade and mega cap trade? do you expect to see that continue today? >> we see broader out performance in the stock market. with the s&p on equal weighted basis outl performing the versin of the index. i like the idea that stocks are rising on broader participation outside of the magnificent seven. that is good news. i suggest a second wind is coming for the stock market rally. >> you are seeing a second wind. is any sector taking a leadership in the second wind over some others? >> i like industrials. one reason is the manufacturing recovering and the pmi and demand for cardboard boxes and lots of things that show manufacturing is picking up leading to higher production and higher earnings as we head into the earnings season. >> jeff k

warren buffett and quote, see who is swimming. make sure you don't have the risk. if it is commercial real estate, things can break and all of a sudden the fed has to turn. it seems like powell might have something up his sleeve. like there is a risk that isn't on the surface and i'm playing this a bit easier, and i wouldn't be surprised if there is something under the surface. lisa: how tough is it to play psychiatrist to jay powell in you think maybe he's playing games with us and that he knows something? this is where we are at. matt: they do this summary of for of guidance -- summary of guidance that is supposed to help, where in -- back in the day said you are not doing much, just sitting there. now it's hurting. basically, that was the rate cut. i think about it like fight club, the movie. you don't talk about fight club, that's the first rule. don't talk about rate cuts until you need to talk about rate cuts . the market was a great, price it in. that creates the risk on inflation impulse and now we have to deal with it all over again. lisa: they upped their

so as of right now warren buffett is pushing back and still fighting this.iduals, it is really tough. listen, i think there are some legit matter about this. the flat fee based on the home price doesn't say anything about how much work the agent puts in for you. >> dana: that's why some people get their nose out of joint about it all. this is also possibly a chance for innovation and a year from now we'll be saying that young woman was smart when she figured this out. >> the good news is there are a lot of people in this business like 1.3 million people, you could argue half of them are lousy at their job. i'm not disparaging anyone. this is what agents are telling me. agents are saying some are just lazy. 87% right now if, 50% of home buyers find their homes right now online. go online and find a great home. 87% are still using agents. the home buyer has already done half the work. found the home they want. they find an agent and give this person a big chunk of money. >> dana: buying and selling has changed over time. >> it has to be nuanced. >> all the for

>> the late great charlie monger, warren buffett diversify with american businesses.idia of pharmaceuticals. it could be a soon a one trillion dollar market cap because of that. liz: the stock is on sale today. >> so is all the market. liz: for eli lilly and say amazon because of prime,. >> strong, prime, everything else. liz: people love that. berkshire hathaway which owns0 plus businesses among them, things people love -- 70 businesses about. fruit of the loom, justin boots or dairy queen. >> keep in mind markets are down. we have a war chest for $170 million, for berkshire hathaway he can go shopping if he needs to pick up some of those names. liz: you think those names, you think they are prices that are fair right now? the p-e ratios don't look like you are at incredible highs? >> they have had quite a run. be patient. let them come in a little bit. add them to a portfolio. take a long-term view, five years out you will be very happy. liz: you do think the fed tomorrow will make news or extremely cautious? >> maintaining optionality. the fed is riding data depend

david: warren buffett famously bought a life insurance company and he takes the premiums and is a good investor. is that a model to get good investors that you give money to and give them a higher rate of return than you would normally get? thomas: we need to split our assets across many asset managers to make sure we have a high degree of diversification. we have a fourth area of business, investment management. it has around $700 billion assets. and we obviously invest a lot through them. but, we certainly also do a lot with our asset managers to make sure that we play the market but also optimize the return. david: when we have high inflation and interest rates, what rate of return do you need to get to get comfortable? a seven, 8, 9, or 10% or higher to feel that you are doing a good job investing in money from the premiums? thomas: it depends on the liability profile. what is the duration of the viability versus investment? we need to make a higher return than we used to in a zero interest rate environment. and therefore, the insurer is a slow-moving investor. we invest around 10%

david: warren buffett famously bought a reinsurance company years ago. he takes the premiums and he infests. is that a model you use, which is to get really good investors that you give money to and tell them they get a higher rate of return than they would normally get if you did it yourself? thomas: we split our assets across many asset managers to make sure we have a high degree of diversification. we have a false area of business, which is investment management. it has around 700 billion of assets. and we obviously invest a lot through them. but, we certainly also do a lot with external asset managers to make sure that we play the markets, but also optimize the return. david: in era when we have high inflation rates, what kind of raider roof -- rate of return do you need to be comfortable? 7% to 10% or higher than that to feel you are doing a good job investing the money you have for the premiums? thomas: it depends on the liability profile. we always look at liability relative to how we need to invest. it is clear that in an environment like this, w

was he the next warren buffett? in an interview he admitted it was all a p.r. stunt, effectively.f his net worth in a single day when ftx collapsed. maryam: 25 years for what? who was harmed in this process? >> customers. he ran ftx. what was happening behind the scenes is that a sister company was arlington customer money without anybody's knowledge. $8 billion in total. when these risky bets did not pay off, effectively customers lost everything. maryam: tell me about the damage you think he has done to the crypto industry as a whole. >> it is significant. there are millions of people who invested in ftx who have had their fingers burnt and will not want to touch again. the media coverage around many of the cases in crypto, especially the volatility of cryptocurrencies, makes them more unappealing to investors. maryam: we have seen sam bankman-fried convicted. do you think there is more trust out there are not? >> i think we are seeing cryptocurrency bad actors being held to account. with bitcoin surging over the past year, greed starts to set in. maryam: so good to talk to you.

david: warren buffett famously bought some life insurance or i guess reinsurance companies some years ago and he takes the premiums and invested, and he's obviously a really good investor. is that the model you use, where you get investors and tell them to get a higher rate of return? thomas: we split our assets across many asset managers to make sure we have high diversification. we have axa investment management, and we invest a lot with them, but we certainly also do a lot with asset managers to make sure that we play the markets can also optimize the return. david: in an era where we have high inflation and high interest rates, what kind of rate of return do you need to get to be comfortable? 7%, 8%, 9%, 10% or much higher than that to feel you are doing a good job investing the money? thomas: again, it depends on the liability profile. it is obviously clear now that in an environment like this, we need to get much higher return than we used to in a zero interest rate environment. therefore, the insurer is a very slow-moving investor. we invest around 10% of our balance sheet ever

to meet all the new demand and bitcoin could be headed higher, the bear case has been made by warren buffett and others at digital asset and no intrinsic value and very few uses. jack: speaking of rat poison, exactly 50% of people were very unhappy with sec rules because they felt that they didn't go far enough in the other 50% were happy because they were far too onerous. the past week we saw the release of fcc controversial climate disclosure rules that require companies to disclose a host of factors about the environmental impact and the impact of the environment on them and climate change and whatnot and they were scaled back considerably in response to company pushback. environmental activist said they did not go far enough so no one was pleased by these in disclosure rules are important for companies with big environmental risks and this past week xcel energy a utility provider said the facilities might've been involved in igniting the big wildfire in texas the smokehouse creek fire which is the largest wildfire in texas history. >> these risks, call them esg or whatever you want but t

i think the biggest factor here and people are not talking about it is warren buffett's berkshire hathaway started selling in the third quarter of last year. it is static pressure of a seller suggesting they may still be selling. if that happens, i suggest we could see some more downside for apple. it is put this into context of the waiting of the s&p 500. microsoft is up 7.1% of the s&p 500 and this is typically reversed, apple is 6.1% and nvidia and amazon and met up, if apple remains the second largest member, maybe apple declines. something has got to give. sonali: thank you for keeping an eye on the hot stocks and in regard to the economic outlook, the equity rally could hit a snag if they fit faces a no landing scenario and is not end up not planning at all. >> what if this is will about potential? technology and other factors. the fed does not catch, sometimes people say zero. last year, the expectation of the event in august and september, the 10% correction of equities. i think the potential paradox, it may be bad news for the market. sonali: alex reported on strategists having tr

produced plug in hybrid automobile flow at the time, the still a 232000000 dollar investment from warren buffett and 2008 fuel b, y, d v m bush 2020 b y d. don't the blades bucktree and l s p or the c m i n phosphate factory, which cost less than other types of lithium ion battery is used in a v. the b y d 's blade was more compact. i'm see the say service well, 11 a b y d t sedan and subsequent muscles incorporated the blades, battery b, y, d e b sales surge from almost 100 and especially 101020221 point 57000000 in the following year. the battery is the most expensive part of the car. it's about 40 percent of the cost of an electric cars, the better you. and if you have competency isn't a battery. yeah. also emulation wise, but also cost wise. then you have a big advantage in building electric costs. like neo before the b y d is playing global markets, especially europe with launching 3 of them model. so it's no coincidence that b y d was names, the official e v. sponsor of the euro 2024 football championship. that could be another nail in the coffin for the gym. and also industry as this was

warren buffett once offered $1 billion to anyone who could fill out a perfect bracket .tip off tomorrow. >> may the odds be ever in your favor. coming up, staying together. why? the divorce rate is actually going down. >> plus an easy way to save some money at some popular money at some popular the ladies have been doing a lot of talking recently. she looks great! what they don't know is i got inspire, a sleep apnea treatment that works inside my body. i feel refreshed because i'm not struggling with cpap anymore. 100 bucks she got work done. great sleep, at the click of a button. did she get implants? yeah, i got an implant, sheila!! relax, it's inspire. inspire. sleep apnea innovation. learn more and view important safety information at inspiresleep.com we're all creatures of habit. we've always had our bran flakes with plump juicy raisins and we probably alw- ooh, frosting. new kellogg's frosted bran. more delicious ways to bran. i love that my daughter still needs me. but sometimes i can't help due to burning and stabbing pain in my hands, so i use nervive. nervive's

"was he the next warren buffett," one magazine front cover set of him.his and his customers' money. breaking news from south africa. at least 45 people killed as bus crashes off a bridge.

pledging to donate half of their capital to charity, and at the origin of the company it was warren buffettnce so often victor a century and a half ago 900 this future politician was born on november 30 in the blanheim palace coats piled up in a heap in the ladies' dressing room where the future mother barely managed to reach after a stormy round of the waltz winston churchel you are right wrestlers and castles and a half. the groszałkowicz palace was built in this city under maria theresa, joseph gaidon gave concerts here, now the palace has become the residence of the president of the independent state, bratislava, that’s right , a century and a half ago, one and a half, the auction was again thousands from victor, seven from alexey, 17-100 you have 700. attention question: in 1874, the american joseph glinden received a patent for this invention, which made life easier for cattle breeders all over the world . so, well, i heard about such a story that in order for scott not to run away anywhere, the space could be limited by barbed wire. that's right, barbed wire. so, one and a half crime

he was the subject of flattering media profiles and one man's eczema said the next warren buffett buts company collapsed. 25 net worth in a single day. when his company collapsed.— company collapsed. 25 years for what, company collapsed. 25 years for what. who _ company collapsed. 25 years for what, who was _ company collapsed. 25 years for what, who was harmed - company collapsed. 25 years for what, who was harmed in - company collapsed. 25 years for what, who was harmed in this . company collapsed. 25 years for - what, who was harmed in this whole process? what, who was harmed in this whole trocess? a , what, who was harmed in this whole trocess? ,~ , process? mainly customers. so he ran, 2 process? mainly customers. so he ran. 2 and — process? mainly customers. so he ran, 2 and what _ process? mainly customers. so he ran, 2 and what happening - ran, 2 and what happening behind—the—scenes was that a sister company to ftx was customer money without the customer knowledge. $1 billion in total and then when these risky bets did not pay off, effectively customers lost everything. effect

as much as i like warren buffett, i think you have to have a basket if you do one stock. if you do the ones i just mentioned, you don't have to keep track of them every minute. if they are young enough, maybe they can learn about it and be invested, and interested in their money. let's go to arkansas.>> how re you doing, mr. kramer?>> i'm doing well, how are you? i'm all right. what is the best way to have a long-term goal with a short- term return?>> it is risky, frankly. at one time or another, in my earlier years i would have suggested call options, and some longer-term stocks and mutual funds. these days, i am just against the short-term stuff. i don't want to encourage trade, not my thing. anyway, if you want to get started in stocks, go small, research intensely. much more mad money coming, including what i learned at my time at goldman sachs. then i get with my investing colleague. stay with me. [ music ] [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still do

so you buy her thing for $4 billion, is mario gabelli and warren buffett going to go away empty-handedeah. i don't know if warren is 100 i- liz: he sold a bunch of it. >> but we don't know if that's an old filing. so that's why this thing is complicated, why it's taken so long. and redbird, and, you know, shell joined redbird, from what i understand, to do this. they want to really do this. we'll see if byron allen are makes a run for it, but from right now i understand it's redbirds. liz: the two jeffs. interesting stuff. charlie, thank you very much. all right, closing bell, two and a half minutes away. s&p and nasdaq up for the second week in a a row. dow down for the second e time in the last three weeks. joining us now as we are on the cusp of records again for the s&p and the nasdaq from the cboe, bull's eye option chief market strategist alan knuckman. are you as bullish as investors collectively are who have pushed this market higher and higher? >> yeah, very much so. so i've been optimistic. optimism wins. we've got new highs not only in the s&p, the dow, the nasdaq, the 600 i

that means warren buffett's successor earned $20 million in compensation last year. shares the berkshire is unchanged this morning. >>> taiwan semi is looking to build advanced packaging capacity in japan. the talks on the matter are at the early stage. if confirmed, it would help the efforts to recrvitalize the semiconductor industry. it has seen a rise in artificial intelligence. shares are up 1.87%. >>> ahead on "worldwide exchange," hertz says so long to the ceo and the botched rental fleet. more on that story still ahead. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >>> coming up on 17 minutes past the hour. you are seeing the s&p 500 implied to open higher by 19 points. the dow jones industrial average futures have turned to the red. implied opening down 17 points. the nasdaq is in the green. the big gainers this morning is zoetis and tesla. tesla is up 3.2%. alphabet is up 3.02%. >>>

foreign investors piled into japan after warren buffett called into the financial firms. lot of the foreign investors have taken profits and domestic investors taking more profits. how should investors read that? >> absolutely. in any given time, we will see some ebbs and flows from foreign and domestic investors. that being said, if you look across history, going back to 2015 peak, we did see foreign inflows peaked. we are a quarter of the way back. we have a long way to go. in addition, it is also important to remember that based on our conversations with many long-term investors, they are sitting on the sidelines looking at the positive trends in japan and getting interested. if they start to deploy capital, it will be more interesting. >> kei says more room to run. thank you. >>> coming up on "worldwide exchange," one of the fastest growing segments of the auction business doesn't involve auctions at all. make sense of that one. we have robert frank next with the look at the casecret sales side. that's coming up after this break. expansive display space, endless enter

you have warren buffett continuing to talk about why you should buy the stocks, not the currency. that is what dxj does on top of that. it is the combination of valuation and a new sentiment break to the 40,000 nikkei level. >> dxj is the japan hedge equity fund. sophie, you are also looking at the ecb decision. you are looking at ueurope. the valuations there are attractive. >> absolutely. you can't forget the growth trajectory outline isn't necessarily the most exciting, but i do think europe is harboring quite attractive names that have been forgotten. particularly at the moment, one thing this taught us is there remains a lot of uncertainty around us. that is go back to basics. there are companies with strong sectors and wide economic moats. i'm thinking about the telecoms. then you have defense. if you hop over to the uk, as much as we have some broad-based productivity challenges here, i would say when you stoyou startk away at the financial sector, we have a lot of options. a lot of uk banks are trading below the value of assets. >> we will talk about european stocks later

stuart: liz: you're ape aing warren buffett with american express.aid in his annual shareholder letter there are two names he will never sell,ing coca-cola and am-ex. >> they started an a.i. lab, four years ago -- and it actually helps reduce the amount of fraud. so that's just one aspect of a company using a.i., so that helps them, lowers head count. and they're a perfect demographic. people that are 65 and older are now sitting on a trillion more in spendable assets. and they're the ones that we're looking at in term of am-ex. liz: we've got about 15 is seconds left. we're overdue for even a 5 correction. do you see it coming? >> a pause to refresh is not a bad thing, but we still see upside is. nvidia is basically the poster child for if a.i., but also people are talking about how expensive it is. market is a discounting mechanism. it's going to be trading at 32 times forward earnings. for a company that's grown at 75%, i'd be there all day. liz: interesting. gus, it's great to have you. ah, the bell closing out the week. and, folks, it's not the

"was he the next warren buffett," one magazine front cover set of him.a 25—year sentence for sam bankman—fried. we'll see how the young cryptocurrency billionaire lost his and his customers' money. breaking news from south africa. at least 45 people killed as bus crashes off a bridge. also on the programme, scotland could become the first part of the uk to legalise assisted dying. we'll look at how different countries around the world approach these sensitive decisions. and we'll have the latest from the world of artificial intelligence. ai therapy, genital scans and perfect pints all explained in al decoded. we'll we�* ll start we'll start this hour with this breaking news out of south africa. 45 people at least are believed to have been killed after a bus crashed in the south african province of limpopo. these are the latest pictures we have here. just on in the ravine there the remains of the crash as the bus seemingly crashed through the barriers there and came off that road come off the bridge. into that ravine below. at least 45 people killed, anot

warren buffett is famous for the quote that the time to buy is when others are fearful.be the time to sell is when others are greedy. that is what we are looking at an apple. sonali: we appreciate that so much. we welcome back stephanie guild from robinhood financial. when we talk about apple here and some certain large names that have a lot to do with the performance of the s&p 500, nasdaq 100, and that basket of magnificent seven stocks, how do you look at those things now? sonali: i don't think the magnificent seven is the only game in town. i'm calling it the fab five. two may be dropping out of that. there are dozens of names, more than dozens that have done just as well as not better than the s&p 500. 180 names have done better than the broad average. a lot of that is not just in the mag seven. the top three are. you are seeing movements and health care. you have the theme of ai and gop1. -- glp1. i don't think i will go away for a while. it is a stock picker's market. it is not just the seven and look the other way anymore. sonali: how do you define the fab five?

warren buffett's berkshire hathaway sold over 1% of its stake in the company. last time they sold the stock between 2019 and 2020, the selling persisted for several quarters. apple has been hit hard by negative news recently including a 2 billion-dollar antitrust fine, slumping sales in china, and the scrapping of its decade-long car project. bank of america plans to expand its commodity energy transition business, i move it says will require additional headcount. the bank is expanding its presence in global gas and energy markets, plus in environmental products, as more clients look to reduce their carbon footprint. blackrock has identified energy transition as a negative force driving markets and economies -- mega force driving markets and economies. the proposed takeover faced pushback in washington, d.c. with senator elizabeth warren saying it would lead to higher hotel rates and urging the ftc to investigate. combining choices' 700 hotels with wyndham's would have created a giant in the world of budget hotels. jonathan: thank you. are we going to have a re

we are heavy in the short-term trends, it is a great business, warren buffett and berkshire hathaway have proved that. if you don't believe it, the insurance business in that sector, still like meta. i don't want to get into it. if meta were a country it would be the world's third largest country, china, india, and meta-blooge no company has two 23 billion eyeballs looking at their product every day. liz: interesting point, happy friday and you are just like my dad, look for the exits. >> sorry about the telephone. liz: thank you very much. electric vehicle stocks pulling back as the wave of would-be buyers and battery-powered cars slows to reveal let's. hydrogen fuel cell powered vehicles are seeing increased sales. the clean energy revolution as it powers its new big rig electric vehicles with hydrogen fuel cells. a fox business exclusive, a publicly traded company is here to tell us how he plans to keep on trucking as ev euphoria fades in part due to her looming lithium shortage. let's look at the global x tech etf. it does reflect concern ticker symbol let. 69% over the past year

it's not like there's a dna splice of welch, warren buffett and bill gates that doesn't fix this.s goes back to the mcdonnell-douglas hacquisition n the 1990s. we can talk and i have in the past about the duopoly, and that's true. right now the faa will slow walk everything on boeing, and they will slow walk production -- >> you would not buy the stock like weiss did >> absolutely not. >> i want to sell, and how do you -- >> i totally get it. >> the stock is up 1%. it's up 1% on this >> i am going to lay out more problems supposedly, the solution here, at least in part, is that boeing buys spirit aerospace systems, and they hinted at this, they will have to divest the airbus business you think airbus wants boeing building their planes for them i will let that hang for a second you have the airlines, and the airlines are not happy and they are not their friends right now, and by the way -- >> i don't know if the spirit acquisition goes through, by the way. >> the union wants a new deal here as well, and we are piling on and this is not a stock to buy right now. >> what about cliffs

. >> what i'm really reminded of is warren buffett saying in the short-term the market is a voting mechanisming mechanism and right now the votes are in and the short-term, the market loves this and then asked to be translated into value but they certainly have the opportunity at this point. >> what jumps out at me adam johnson with maria what jumps at me where the stock is trading an evaluation of $1200 per user that is double facebook or meadows value evaluation the difference matter makes money in this company does not what you do with a stock like this. >> personally i'm more of a value i wanted to profit, cash flow this is not something that i personally would buy not because of the company by how i invest. that gives you useful guidance into what it is you're doing if you buy the stock essentially you are betting that the good to be able to turn this popularity into cash flow. the question is will they be able to do that, they have not so far which i find interesting but that will be a real challenge. maria: let's take a look at interest-rate ahead of the data coming out were looking a

her late husband of 72 years, sandy, was an early investor with warren buffett and a billionaire himselferican medical school. all current fourth year students will be reimbursed for their spring 2024 payments, and, from here, the $60,000 annual tuition is wiped away for all students in perpetuity. einstein already was a great institution. i suspect applications, though, about to go through the roof. >>> our first low goes to the rock bottom moment when your well-intentioned willy wonka-inspired event for kids draws comparisons to the infamous fire festival. riding the pop larpt of their recent hit wonka movie, willy's chocolate experience in glasgow, scotland, with whimsical performances and surprises at every turn, it turned out to be whimsically disastrous. the event went viral as disappointed visitors posted images of a near empty warehouse with a few lackluster party decorations. not exactly wonka's wonder land. the outrage prompted tears from some children and even calls to police from angry parents. that seems like a lot. an actor hired to play willy wonka at the event said afterw

at one point, you know, the arnos were doing well for themselves, warren buffett, bill gates in thatl. how has the market developed and how does it change the die nam nick the top ranks of the world's billionaires? >> om, it's really an exciting time, because it's a three-way race. they're all tied for first place right around $200 billion. so, you know, jeff bezos is at $200 billion, elon musk at 198. so with all of these stocks sort of playing a day-by-day narrative, we could see them change a couple times of week. we haven't seen that for quite a while. when musk took over for bezos, we had a brief period where bernard arknow was number one. but you have luxury, evs and online retail, as well as amazon, all vying to be the dominant force in drive thing wealth. so as much as we hear about ai, it's really exciting to see these top three and where it's going to shake out. >> we can't forget about space exploration. robert frank, thank you very much. >>> now let's send it over to leslie for a cnbc news update. >>> the creator of a software that can hack smartphones and turn them into

. >> you and warren buffett. slap my hands if i ever buy an airline again.bought. just very quickly on valuation, it's super cheap right now. it's about 6 times earnings, it usually trades about $8.5. -- 8.5. they're going to earn about $7 this year. $60 versus 42 on the screen is. incredibly innovative airline. they have so many levers to pull from segmenting the cabin in 35 different ways to cargo, to third party maintenance for other airlines, to the deal with am-e where they get a -- am-ex where they get a billion dollars to give seats so they can award them through their own points program, and they own a refinery. fascinating company. stuart: you made a good case. i'm still not buying an airline. [laughter] market access. what is that? >> yeah. very cool company that has 20% market share of all the computized bond and foreign currency trading -- computerized. there's artificial intelligence in that. and what makes it particularly interesting is that it's trading not only at a 5-year low on the chart, but also at a 5-year valuation low. it's trading you

it is not about his age, warren buffett 94, sharp as can be.rk every day, home depot. 95. larry: i have him on the show. wilbur ross is on my show, financial genius, commerce secretary, great investment bank i was on the show. 85 years old. i hope i'm not offending him by saying that, but he is a brilliant guy. he has not lost a step, not half a step. so age doesn't necessarily mean you can't get the job done, joe. >> can i ask, answer your question with a question? larry: yeah. >> what is in the chardonnay in chappaqua? if this is the argument now, joe biden's old so just accept it because this is the best you're going to do at this point, to your point it is not about age, it is about the policies that voters are rejecting, very simple. is he doing well on inflation? no. on crime? no. on the boarder? no. on immigration, no? foreign policy, no. education, no. i could go on but he underwater vastly in all those areas. 85% of the americans say that joe biden doesn't have the mental a cutie in a "abc news poll," you can't reverse that. hillary cl