because bill gates is richer and warren buffett, god bless him.he has a picture, a poster child for one of the arguments against warren buffett is he pays himself a low. so that he doesn't have to pay taxes. and this raises the revenues. scrooge question. you remember fred ebb and losers, nephew says that ebony isas wealth does him no good because he didn't spend it. well, if it didn't him any good, who does good? well, people like ebony's scrooge funded the industrial revolution. that changed lives. that set the world of an economic growth. it's never ended. warren buffett made us all richer. which efficiency as the greatest investor in history. he's taken many people in the companies he owns and runs. so the powerful agree on how anybody could be envious of him and he's never bought a new car alive. baby son is here and i wrote an article in the wall street journal in. my son knows the great investor and so sent me a nasty email saying, pop, you need to attention to what you're writing because warren buffett has a brand new cadillac. so i told t

what does warren buffett, stanley druckenmiller and david tepper think about this?to see you. i have not spoken to any of those three and i would be curious to hear what they do think of ai as it pertains to affecting the investment markets and the reality is this. we think about what does the future look like? we are the first firm to use llm's to invest completely with no human intervention. i think they would be interested to learn about how they do think like humans and if you read the readings of a buffet or stan druckenmiller, a lot of what they talk about is really managing emotion. and that is one of ai's superpowers. ed: i think about my -- with ai tools and they can only recall what is within the database they were trained on most of the time. it's like asking what the weather is, to the gpt voice assistant. it can't tell you what it is right now, only what it has been historically. how does that work with investing? explain the system. doug: absolutely. there are two key pieces of information that we input into the models we use. one piece of information

an article over the weekend was essentially asking whether warren buffett's lost his touch.undreds of millions of dollars in cash, he's missed some big moves. just your thoughts because the last time warren buffett was yesterday like this was around 199, 2000. warren buffett doesn't have any of these hot stocks, and it turned out maybe we should have been listening to uncle uncle warren after all. >> exactly. look, warren's a long-term investor. his rack record speaks for itself. -- track record. and like you said, 1999 was the last time he had this big of a cash pile. and if you take a look at that a market, we saw tech stocks ran just like we have with nvidia, astronomical numbers over the previous 10 years, but for the following 10 years, they did absolutely zero. and there are 10-year periods, charles, where technology stocks don't do as well, and these growth and dividend stocks have underperformed for a long period of time. i do think, and not a lot of people are saying this, those stocks are going to get the baton and take the lead for the next 12-24 months. charles:

warren buffett was probably not as as a donald trump was. >> those guys are really busy.rump. here is the thing that i find the most intriguing. a lot of it was such a fake. >> from the book. from the book we talked about trump lying about construction progress be donald trump kept the truth to himself. he did not have things underway because he did not have the money, he directed his construction supervisor to hire every piece of earthmoving machinery that he could find. the day the holiday board visited dozens of bulldozers and backhoes pushed mounds of earth around the 2.6 acre site in an elaborate ruse with no purpose other than to full his new business partner. that, ladies and gentlemen sums up donald trump. it is all fake, fake, fake. the fact that this is his story line and his ultimate legacy and yet it has this veneer that he is a successful businessman, he is the tough guy, he is all of this, it is all fake. it is worse than smoke and mirrors. >> i could not have said it better. that was impressive. i think we see that especially in the latter part of his life,

. >> i have been watching warren buffett berkshire hathaway keeps selling look at bank of america --ce financial crisis of -- of the last 10 years, berkshire hathaway sells more bank of america stock cut stake nearly 15% added six billion dollars to the burkshire sizable cash pile this center with string of bank of america sales since july raising bash in a big way is he getting for the record a big sell-off. >> you know it is really mysterious i don't know he sold a big chunk apple holds if you think about long-term holding would be one probably want to hang on to, i don't understand the logic unless just rebalancing what we do as portfolio administration take advantage of winners, but if you look at earnings if you look at you know where we are, in this bull market i think you want to be long, now matters what you own, of course, i would be holing apple wrote in book, a client has 50% still at, net worth for years, most wealth made by could bes traits positions or founder positions i don't get it i'm sorry. >> we don't know people sell stocks for all sorts of reasons, by the way, w

warren buffett thought he paid more texas than he should. ged more people to pay more tax as they mourn buffett does. he said that himself. i do not understand where you people get your information. guest: i am not sure about the last part of the question. warren buffett is a fascinating figure. relatively late in his career, after he becomes a billionaire, the ragen administration, and he plays golf with ragen and pals around with bush. he is not a venture capitalist but maybe the closest to someone in that field. the thing about warren buffett is he is not looking for any benefits for his specific company. he is pursuing policies he thinks are best for america. you mentioned the thing about the texas. he complained he pays a lower tax rate than his secretary. i think buffett is an interesting model of a different type of approach from ceo's who is not trying to represent his company but does have a vision of what policies he wants to see implemented in america and pushes them. he also has a bipartisan approach. he says he usually does not r

warren buffett thought he paid more texas than he should. d more people to pay more tax as they mourn buffett does. he said that himself. i do not understand where you people get your information. guest: i am not sure about the last part of the question. warren buffett is a fascinating figure. relatively late in his career, after he becomes a billionaire, the ragen administration, and he plays golf with ragen and pals around with bush. he is not a venture capitalist but maybe the closest to someone in that field. the thing about warren buffett is he is not looking for any benefits for his specific company. he is pursuing policies he thinks are best for america. you mentioned the thing about the texas. he complained he pays a lower tax rate than his secretary. i think buffett is an interesting model of a different type of approach from ceo's who is not trying to represent his company but does have a vision of what policies he wants to see implemented in america and pushes them. he also has a bipartisan approach. he says he usually does not rea

at the same time warren buffett sent the cash back out to everyone and closed his partnership. 's buffet doing right now? he's a seller, building a massive cash hoard. you know, warren -- >> why? what is he going to do with that? >> warren buffett not stock picking is like the dodgers calling the other team and asking them to intentionally walk shohei ohtani. he's the greatest stock picker of all time and he's not picking stocks. >> what does that tell you? >> he's bearish, and it's just obvious. he's got almost 30% of the market cap sitting in cash. so this is a time like that, and what's interesting -- this will be my last point on the oil and gas -- 40% of electricity is made with natural gas, people get excited, somebody restarts a nuclear plant and the stock goes up 20 points, right? but our companies make natural gas, and the price is ridiculously low, and it's only going to go up because it make 40s% of the electricity. that's the most attractive play out there right now, and it's starting to perk up here. >> we have to go, but listen, david teper yesterday implied that t

or warren buffett? so of those three, you think about it. find out next.re going to tell you when we introduce you to the harvard dropout who's wowing retail investors with his copy-trading platform called dub. it's a fox business exclusive. much more "countdown" on the way. don't move. ♪ ♪ daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. (♪) check in time is 3:00. it's 2:55. i know. is this what he's doing now? as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. no games. no fun. yes, coach. meanwhile, at a vrbo... when other vacation rentals make you share your turf with a host, try one you have all to

and we spent 4.3 trillion a year in healthcare is warren buffett and charlie munger said. his healthcare swallowing the prophets because in the united states are t healthcare is tiedo employment. we have a lot of money that never talked about in 25% of the money in healthcare is wasted. can you verify them back me up on any of this? >> i've been asked to be an expert in many areas. i'm an expert in very few of them. what i can say the colors right we have by far the most expensive healthcare system in the world. i was swallowing up an increasing share of our economy with every year. let's also healthcare that generates miracle cures, great advances in medicine, drugs, et cetera. unfortunately americans pay the full price of that because of price regulations in other countries around the world the fruits of our research are available at a much lower cost than it is to us. we do have a very broad system with our healthcare. various things haven't tried over the past few decades to rein in the rate of increase in healthcare. those efforts have had some success but it is still

is going uncollected in taxes and also we spent 4.3 trillion dollars a year on health care as warren buffett and charlie said. it health care that is swallowing the profits in the united states. our health care is tied to employment. we have a lot of money that is never talked about and 25% of all the money and health is wasted. can you verify and back me up on any of this? guest: you know, i'm asked to be an expert in many areas. i'm an expert in very few of them. what i can say is that the caller is probably right. we have by far the most expensive health care system in the world. it is swallowing up an increasing share of our economy every year. it's also a health care that generates miracle cures, great advances in medicine and drugs, etc. unfortunately, americans pay the full price of that and because of price regulations in other countries around the world, the fruits of our medical research innovation are available to them at a much lower cost than it is to us. so yeah, we do have a very broad system problem with health care. various things have been tried over the past few decades to

warren buffett loves it. jack: there's a lot, a tan of music. thank you, all. great ideas.ak's edition@barron's.com. that's all for us. see you next week on barron's roundtable. ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: and hap

last year's meeting and berkshire hathaway he got arrested for asking a really tough question of warren buffettut their own by the stockholders muzzling those owners doesn't always seem right especially the time and lots of people are crying alleged censorship, let them speak. >> that's what you would expect they are the shareholders, they are the boss, they might be annoying but you see this from the left and the right and groups coming in and they're getting centered in the company should take and put up with it and go cash their paychecks later. if 46 days would not of that. >> is time for actionable ideas. >> energy is a big blogger this year and i focus on the leading oil service.slb formally 4210 times earnings and it looks pretty good. >> we've been talking about the need for more energy, what you have for us. >> caterpillar this is a picture my colleague al root, he is a well-known picture on the show and we talked at the top of the show how china was giving tailwinds to industrials mining and caterpillar for ten it's been a solid performer so you start to say why in the world did we pi

warren buffett loves it. jack: there's a lot, a tan of music. thank you, all. great ideas.ut this weak's edition@barron's.com. that's all for us. see you next week on barron's roundtable. ♪ ♪ larry: hello

warren buffett loves it. jack: there's a lot, a tan of music. thank you, all. great ideas. to the read more, check out this weak's edition@barron's.com. that's all for us. see you next week on barron's roundtable. ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: and happy weekend to the all. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. american energy dominance at risk if kamala harris wins the white house, vowing to con biden's failed green -- continue biden's failed green energy push. >> we must tackle, obviously, the climate crisis. we did that with the inflation reduction act. we have set goals for the united states of america and, by extension, the globe around when we should meet certain standards for reduction of greenhouse gas emissions. as vice president over the last four years, we have invested a trillion dollars in a clean energy economy. maria: yes, but it is the everyday americans who are being saddled with the high costs of oil and gas. the ove

warren buffett loves it. jack: there's a lot, a tan of music. thank you, all. great ideas.s all for us. see you next week on barron's roundtable. ♪ pete: go to church. we'll see ya. ♪ ♪ maria: good sunday morning, everyone. thanks so much for j

to paraphrase warren buffett, since the founding of our nation, there has been no incubator for unleashing human potential like america. and we need to guard that spirit. we have to guard that spirit. [applause] let it always inspire us. let it always be the source of our optimism, which is that spirit that is so uniquely american. and let that then inspire us by helping us to be inspired to solve the problems that so many face, including our small business owners. so as i travel the country, what i hear time and again from those who own small businesses and those who aspire to start them, is that too often an entrepreneur has a great idea. not too often. that's good. and they have the willingness to take the risk, but they don't have access to the capital that they need to make it real. and as andrea said, not everybody was handed on a silver platter $400 million and then filed for bankruptcy six times. oh, i said that, i actually said that. [laughter] [applause] well, we can make it easier, we can make it easier for our small businesses to access capital. on average, it costs about $40,0

texting people and redistributing walls without marriage, that he encourages lazy, not forced warren buffett to work hard wood floors, this guy to work hard, not handling them a check. you can not appreciate something fundamentally that you get for free. the know you might this trust it providing a guaranteed income to low income african american women in their families. the med, no, you my distress. it's doing this in the form of a $1000.00 a month for 12 months. i am so excited. it's like my 2nd child in the matter a month, so i have 2 kids and 2018 and they know you mothers trust is one of the it is taking a population that works so hard to be seen on a daily basis. and really saying we see, we honor your stories, we believe in you and we trust that you know what it is that you need for your family. the there will be laws from industry forgives, so support my kids, tell me pay deals and have enough to stretch from month to month when my mom was in abuse relationship. my dad was very, very small. so when i got it and my relationship model issue was abusive and i was like, when never ever p

are you comprehending all of this, warren buffett?s than 50 days to cram in all the cash grabs we can until the election. if we don't have time to estimate to questions like are we insured by the fdic. are you kidding me? the only fdic is you, the [bl[bleep] dummies investing ca. if you don't have money, then get it, take out a loan, steal it from your daughter's wallet, rob a blood bank and sell it on the black market. don't get trump involved, unless it works, then he wants a cut. i have a financial closure we need to read. "this is a graph, you are a mark." ignore that, or don't, you are going to fall for it. >> world liberty financial, trump crypto blocks in blah, blah, blah. >> ronny: when we come back, we will find out the celebrity endorsement that will decide the election, so don't go away. [applause] thursday night football on prime. it's on. the new england patriots take on the new york jets, as thursday night football is on. stream thursday night football. only on prime. ( ♪♪) you never want to lose your edge. and the lexus

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someone like warren buffett pays for like 30 seconds of a new year.o it was the taking of that applicable, those earned dollars, out of that narrow bracket that meant that caused the shortfall to be advanced from 2050 to 1234 -- excuse me, it is now been pushed off to 2025 due to better job and wage growth. sen. whitehouse: my last question is a simple one. there are places in the social security -- in the society rules where very significant consequences follow from very small changes. so you hit your income cap , you go one dollar over, there are some very dramatic changes that happen. these cliffs i think, are really hard for people who get caught by surprise by them. they also seem to be pretty terrible public policy. i would just like to ask you if you would be willing to work with me, and i know senator wyden is interested in the finance committee, as well in a general look at how to cliff- smoothing so that these dramatic consequences for earning a dollar more are mitigated for american families. gov. o'malley: yes, senator, there is a lot of r

warren buffett falls a $150 trillion, who is going to lend washington one hundred $50 trillion?and japan hold $1 trillion in debt and they are trying to dump it. the fed is not going to monetize it. we need american financial markets to finance that. that will push interest rates dramatically. stuart: that is the debt bomb that is coming. sharp rise in interest rates. thanks for joining us. always appreciate it. eric adams has become the first mayor of new york city to be indicted on, all charges while in office. he says he is being targeted. one thing for sure, the city is in crisis. that's "my take" at the top of the hour. hurricane helene gaining strength as it moves toward the gulf coast. does the storm's intensity have anything to do with climate change? i put that to executive chair doctor andrew forrest next. liberty mutual customized my car insurance so i saved hundreds. with the money i saved i thought i'd get a wax figure of myself. oh! right in the temporal lobe! beat it, punks! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ tamra, izzy and emma...

warren buffett is selling shares since the middle of july, nine rounds since then.t: they don't like the stock much. starbucks, the new ceo. lauren: he has a plan to boost starbucks sales, speed up the time the bar wrists the baristas make your to go orders while also making cafÉs more inviting, come in and linger, seem so anti-covid. stuart: i want a shorter line and get out the door. lauren: some people want to sit and stay. starbucks is up 1.5%. stuart: children's -- i don't -- 63%. lauren: their margins jumped my fewer promotions, less free shipping, less advertising, trying to right the ship. it is working. stuart: ice call that a sob again. we received, we've got the consumer price inflation report, prices rising 2.5%, moderating inflation. brian brenberg with me. how much have prices gone up since biden took office? >> the headline was 2. 5%, the core number was 3.2% year over year and it picked up in august. that is what markets are looking at. let me show you a few nevers, the big ones that are sticky, shelter costs since january 21st up 22.7%, still very e

warren buffett's sold some stock. >> that's something. >> and it is september.. >> so, ed, what would make you think, okay, this is a time to jump back in? if you're convinced that we're going to end the year on new highs, what is the point that, okay, everybody back in the water? >> well, i don't think anybody really kgot out of the water yesterday. maybe some traders got out, but the degree to which the market went down didn't really give too many individual investors or institution investors any time to think about it and conclude let's get out. rather than thinking about getting back in, i'm just staying in. i've been bullish on the market and i don't see any reason to jump out of it. >> okay. did you say one minute? or get out of this? can i ask him another question? >> absolutely. >> let me just ask you about oil prices. because we're back above $70, just barely, but that below $70 we saw before, even $71 at this point raises lots of questions about is this more than just concerns about a china slowdown? is this concerns about a slowdown here with the econ

wanting to look at warren buffett's move to shed stock in two of the biggest positions. mike?ire hathaway in apple and bank of america. berkshire has been a net seller for seven straight quarters. this is what the s&p 500 has done the past seven quarters since the latter part of 2022. obviously up over 50% over that period. it's not a market time and call almost certainly from berkshire hathaway from warren buffett. we slowed down the last two months, sensitivity around the initiation of fed rate cuts and just a little bit of valuation pressure arguably too which might be behind what's behind the net sales by berkshire hathaway. look at the shares of berkshire hathaway rel irelative to the insurance etf and quality etf. this is a collection of stocks in the u.s. with strong balance sheet and high profitability. to me that's been lifting the valuation and interest of berkshire hathaway itself this reck niognition it has a balanc sheet so it's not penalized for the sales of things like apple and bank of america which were grown to be out sized positions. seemed like there was so

the idea was not to give warren buffett free drugs. over the years, the drug companies cook their own goose. money to take away consumer sensitivity to drugs. so what did they do when they figured out that incredible high number? eventually, the government is paying for it. why not have a drive that cost $35,000 a month? >> the government is paying for most of that. >> still indirectly, but my point is they've taken away a lot of the direct consumer sensitivity, so i think that is the reason you are getting the beginnings of price regulation. at some point you really want to fix the problem. a lot of his high cost drugs still, $1600 a week. it is also had the patent extended like 5 million times. at some point you got to look at the other problems. the drug companies just like the insurance companies, they follow the incentives you provide them. very quickly, very immediately. but the incentives are getting kind of screwed up. i've surrendered and said fix prices. >> this is a bigger program now, this is an integral part of health care

. >>> we have more to come here on "worldwide exchange," including warren buffett and the latest stockge" returns. stay with us. it's in your nature. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at walmart and drinkcirkul.com. (♪♪) something amazing is happening here. productivity is growing exponentially. that's because cdw configuration specialists are deploying fleets of microsoft surface devices. built in security, simplified management and flexibility help streamline busy work, which means everyone can get more done. make amazing happen. microsoft and cdw. is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's

using the numbers, of unrealized capital gains and looking at taxes not being paid, they say warren buffett tax rate than his secretary, that is what they are talking about it is part of their analysis, and conversation, in a worrisome way, the. there is a reason that right now markets are factors in thanother 50 basis point cut from federal reserve, people to your point, scott, believe this is a fragile situation, having a dock strike could be devastating, any huge increase 5 trillion dollar tax increase. larry: if anyone looks at the numbers, top earnerring in the economy -- earnerses in economy pay just south of 50% of income tax, 45%, that has to be their fair share, they pay half of federal revenue that is a fair share. and if you are lucky enough to live in the new york, well let's not go there. scott bessent and liz peek. >> you could have kathy hochul at your g governor. >> it is not a political problem who knows. >> on kudlow, israel teaching biden-harris why appease am always fails, will they listen? we talk about it with mississippi senator roger wicker. when kudlow returns. (fis

. >>> let's get a check on some of the top corporate stories including warren buffett continuing to announce the holdings >> that is right berkshire hathaway just sold another 21.6 million shares of bang of americbank of america. its third largest holding behind american suppress. apple, bank of america shares are off by about 10% -- almost 11% since berkshire began unloading shares about two months ago >>> the union representing thousands of striking boeing workers say their members overwhelmingly stand against the plane maker's latest contract offers offer one, it's described as best and final it follows the one yesterday to extend the deadline for the union to vote on the proposal past the original deadline more than 32,000 boeing workers from seattle to portland remain on the picket lines since walking off the job on september 13th, and we're seeing shares right now down just fractionally, but since this began, about 4.5%. >>> and the star witness in the prosecution of ftx founder sam bankman-fried has been sentenced in new york federal court to two years in prison and ored to forfeit $1

we also like warren buffett. last week he celebrated miss 94th birthday and joined the trillion-dollar club. broadening out of the market, we've seen health care. you're going to see that play out. in the magnificent 7, we like microsoft as well. >> robert shein of blanke shein. you can go to cnbc.com for more insight. >>> now let's get a check on the top stories. silvana henao is here with those. good morning. >> sam altman plans to rally investors around building ai infrastructure, apparently moving closer to re. a bloomberg reporting altman is focusing on the u.s. leg of his efforts with a new price tag, totaling tens of billions of dollars. that report adding altman has suspect the first half of the year seeking the u.s. government's approval for a massive data center power plant and chip factory build-out. >>> meanwhile nippon steel is offering an olive branch to buy uss steal including vice president harris, rallying over the weekend saying uss steel should remain operating. we are seeing shares just fracti

kamala harris or warren buffett. david: continue to hear biden talk about the manufacturing sector. add up the report in the manufacturing sector it is a negative number. we are losing manufacturing jobs, not gaining them. they claim it is a big success. it's not. >> it's the opposite. when they hand it out, they purchase political support. the other day, 18 republican members of the house of representatives say don't full around with the green stuff they are handing out so they by that and when they have that it is hard to remove. something trump has to do when he gets in office is hold it up like weeds from a garden. before those weeds become permanent. david: what today we got the jolts report. disappointment, expecting 8%, the number of jobs available, we've been a very fortunate economy to have more jobs available than people to fill those jobs. we expected 7.67 million, what do we see friday? the august jobs number. >> what are the revisions going to be? when they come out of the jobs report they are revising downward on previous estimates. how many jobs are being created in t

enrichment, here was a great example of risk perception, and i can quote the words of the well -known warren buffettivity in the world the last few decades. that you have nothing to do in the stock market if you are not ready to lose 50% of your capital, it is normal, it is a stock market game, it works everywhere, it is even game theory there, and now we will not take zero in a casino, but if you want to win one to one, you bet on color, and either you lose or win the same amount, the same thing, if you want to win more, and 36 numbers, you bet on one number, then you will win 36 times more, but the probability of losing is also. it always breaks down, well, acquaintances always immediately remembers that they have a financier, and somehow i get a message: i have 500,000 rubles. how can i spin them so quickly that i get a million in six months. i say, no way, well, how can't i, well, here's the trend, well, how can't i invest here, invest there, somehow tinker with it, i say, no way, i say, it's just mathematically calculated how much you want in six months and what kind of instruments you need, th

a lot of sensitivity going on, warren buffett over the years the drug companies cooked their own goose was designed intentionally taking away consumer companies, and incredibly high number because government is paying a for it. why not have a drug cost $40,000. >> no longer going to do that. >> they are paying for it but the premium is back for the system. my point is they've taken away a lot of direct consumer sentiment and that's the reason you are getting the beginnings of price regulation. higher income people put back in and patent reform. high cost drugs, and extending 5 million times, been around forever. >> why haven't some in price to the way it is? >> drug companies just like the insurance companies follow the incentives very quickly. the incentives are screwed up where the individuals, how many drugs you have are not very strong and pay for it all unless you regulate something. >> one more point. the conversation, a bigger program now is integral part of healthcare that is much bigger in the future, technological opportunity when you throw in gene therapy as well. we are set