we are also conscious of what warren buffett is doing.re are lots of opportunities in the market and they might not be the traditional opportunities. we still think if you are diligent, you can find spaces that will grow. when warren buffett pulls back, we are very conscious of that. >> barbara, always great to see you. hope to see you in studio next time. happy new year. >> thank you. >>> micro strategy shares close after disclosing 923,000 shares. the company bought around 2 $20 million more in bitcoin. the week to date down more than 5%. we have more "worldwide exchange" coming up. stay with us. so an ai agent didn't know to move my reservations inside... ...or know what i like to eat, which is not that. what's up, my brother? oh, hey, bud! we really needed this rain. right? [car splashing rain water] agentforce helps restaurants prevent dining disasters. paddle on over! it's what ai was meant to be. we got you, brother. >>> market is extremely rich and not only in terms of valuations, in terms of orders. in terms of us to meet all of

david: warren buffett still uses that old flip phone.im: i told him that i'll personally come out to omaha to do tech support for him. david: you exposed your own personal life a bit. tim: i thought, "i'm making the wrong call." david: why was it called the apple watch and not the iwatch? tim: i kind of like the apple watch. what do you think? david: well, you're the ceo, so... [laughter] woman: would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. all right. ♪ i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? [cheering and applause] david: that's quite a reception you got here. tim: i thought it was for you. david: no, it's for you. so, when you were a graduate student here, did you get this kind of reception? tim: i don't recall. [laughter] david

>> first, i am no warren buffett. i'm a tv guy that tries to do his best to teach you. here's what i have to say. i think it depends on your time. you put away your first 10,000 in index fund and if you like picking stocks, let's do it well together. jointed joined the cnbc investing club. if you want to be involved, i will help teach you to be a good investor and i can do it and i've done it for a long time and i've been very successful. let's go to and in indiana.>> thank you for taking my call. i am a club member but i've been thinking about this lately. i wondered if you could talk more about suspending her judgment and letting the market go up, even when a ceo does something they said they are not going to do or a company makes a bunch mistakes but have very little competition. or a ceo makes big mistakes and things take a long time to fix.>> well, this is a tough one. because i've made this mistake. i've stuck with people for too long. i keep thinking give them another try and in almost every case it has not been worth it. almost every single case. whether you're

. >> do you think that is why warren buffett has pulled his money?think the stock market is so overvalued that he is likely to fold? >> he hasn't said that but mostly what he has pulled out his his apple steak. and warren buffett and most investors would tell you, i will tell you that the time market is a fools errand. and so buffett is not saying explicitly that he is worried about stock prices but implicit in what he is doing is that fact. >> talking about the magnificent 7, how seven stocks are driving so much success on the stock market. >> these have been named the magnificent 7. it is up over 825% since the beginning of last year. less than two years. meta, that are known as facebook, up almost 400% and tesla is interesting because it had been languishing until the election but people think elon musk will use his influence in the white house to help tesla and so it has had a big jump. microsoft, apple, only doubling in the last two years. so these stocks represent 30% of the index, but are weighted by the size of their market value. so instead

warren buffett, berkshire hathaway, bought up one particular stock in the final days of 2024. find out which one next. and make sure to to tune into "the big money show." brian brenberg, jackie deangelis and i have all the breaking market and economic news each weekday at 1 p.m. eastern only here on fox business. "the claman countdown" is coming right back. ♪ muck. ♪ ♪ let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ taylor: we have some breaking news. take a look at u.s. steel. those shares are surging now 12%, you guys. this is after a report from the washington post that said that nippon steel is proposing giving the u.s. government a veto over any if reduction in u.s. steel's production capacity. this is seen really as the last ditch bid to get approval for nippon's

so think about warren buffett for example.n buffett right now holds nearly 28% of berkshire hathaway stock in cash and that's been in play for most of 2024 so clearly, he's early but eventually he will be right. charles: and it doesn't hurt to have that kind of money and these kind of yields. you also mentioned in your notes greenspan, made a reference to the irrational exuberance speech that was december of 1996, and the rally went on until 2001. so, he gave a sort of a siren call. how do you start to notice then, how do you yourself say okay, other than the rebalancing which i'm glad you explained to the audience, because that's a rule. that's a rules based approach to investing that keeps a lot of people out of trouble to help them bank profits against their own greed, right? but when, is there a way to actually start to also see when things may be getting choppy as well? >> yeah, so one of the other things we do is watch momentum, and for your viewers it's a pretty simple formula the way i like to look at it is just where

there is still quite a few players in the market the smaller ones and people wonder is warren buffett going to buy an entire builder outright, what are your thoughts. >> i think buffett has been pretty aggressive in terms of acquiring builders if they have nine under berkshire hathaway will be within the top five if you look at the aggregate volume that they have but as it goes to buying a public company. i'm not so sure there is appetite for that but there is consolidation happening, then arat they acquired one of the top 20 builders in the southeast and what were continuing to see is a consolidation of publix accounting for more than 50% of the market share of the new home market. when i covered the space 30 years ago it was high single digits. they've done a great job of growing organically and outperforming as well as acquisition but i'm not so sure we will see consolidation within the public arena. jack: thank you so much. it'll be interesting to see when people sell their own homes and then this market can get going. right now a lot of gridlock. >> thank you so much for having m

is 20 year treasuries, ief, which is 7-10 year treasuries and if you really risk averse like warren buffettnt to hold treasury bills you can buy etf's like bil. >> and tips are the way to go? >> yeah, tips are a pretty good value relative to regular treasuries and you could buy like tip or stip, and they are attractive given where breakevens are right now. >> thanks, appreciate it. up next, andrew, ben, and elizabeth name three over priced stocks to dump and tell us what (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission- based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other mone

is 20 year treasuries, ief, which is 7-10 year treasuries and if you really risk averse like warren buffetts you can buy etf's like bil. >> and tips are the way to go? >> yeah, tips are a pretty good value relative to regular treasuries and you could buy like tip or stip, and they are attractive given where breakevens are right now. >> thanks, appreciate it. up next, andrew, ben, and elizabeth name three over priced stocks to dump and tell us wha customize and save with liberty mutual. customize and sa— (balloon doug pops & deflates) and then i wake up. is limu with you in all your dreams? oh, yeah. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. >> one thing that investors always don't understand is that it's not necessarily the best companies that have the best stocks. it's the companies whose perfo

warren buffett's business partner said showing the incentive, i will show you the outcome is what isess model of social media? not helping society be stronger, it's whatever gets attention and that created the race to the bottom of the brainstem and the more addicted distracted polarized society and because we saw this happen in 2013, we knew where it would go, we don't want to make that mistake again with ai. >> important to note that social media is humanity's first contact with ai. he may ask where is the ai and social media? is the algorithm choosing what people's see and hear and amplified will. an unsophisticated ai enough to bring our sense of reality and mental crisis and backslide around the world and now moving into second contact with ai much more powerful and the question is, have we fixed the incentives? >> all those encyclopedias, dump it into ai and what we were dealing with google and social media and the bigger and powerful. >> more technology. once this generative ai can peak languages in the dna and you can say make me an antibiotic and it is incredible inseparable

. >> thank you quick to you, mike you know berkshire and warren buffett.een liquidating or pairing down everywhere else -- >> there's a particular math that's involved with the occidental berkshire holds warrants to buy it in the high 50s the math pencils out that every time the stock -- a business discount to that level, it makes sense to buy it in the open market clearly, buffett has had great things to say about the management even though he doesn't want to buy 100%, it is always going to buy when he feels it's below intrinsic value. >> carnival, what's happening? >> better than expected results. the ceo joined us earlier today. he talked about how it's been able to accelerate onboard spending every kward quarter sees net income jumping 20% from this year. helping at built to continue to raise prices carnival is investing in new experiences like celebration key, a new private island owned by the cruise operator that is fuelling interest from returning and new cruise travellers. that was a similar message from norwegian's ceo. all the major cruise operat

>> a couple months ago i was listening to warren buffett and you talked about five growth rate companiest eventually forge their own anchor. the company keeps expanding and its shares kept rising. would you explain that to me and is nvidia an example of that? >> okay. nvidia is a really great example. forward earnings or the estimates, it always looks expensive. than it so far trumps those estimates. it was selling at a remarkably low price. that has been the secret to nvidia literally since 2012. and credible. it just keeps doing that. please, do not put too much significant in day-to-day gyrations on the stock shareprice. you need to know when it is signal and it is all sound and noise signifying nothing. pitfalls many investors think of as an honest opportunity. why you should be more cautious than you think. then investing partner jeff marks. so stay with cramer. ehh... hmm. oh, that's very, uh... - right? - mmm... this store doesn't have agentforce, so an ai agent didn't tip off the stylist as to what i might actually wear. - yes. - oh. that's a commitment. [glass knocked] hey bud!

it was when left office because of health, but the real problem is, the absence of what warren buffett wants, which is the buffett rule, that is people whose end counts don't come primarily from ordinary income, still have relatively very low taxes, which is why says everybody with an income of $1,000,000 or more, whatever the source, it should pay at least 30%. now that would have a big impact on tax fairness in america. that's admirable that he's done that. yeah, really admirable. and i think because he also wants to give his money away, too further and more. i think gates are found out because they're smart investors. it's harder give their money why they keep making more. and i give away but they'll eventually when they run out of the opportunity to make it, they'll be giving all away. they but but anyway i, i do think that's tax fairness is important but the real thing it's thrilling. it is all these tax shelters and giveaways and all that. that's why we need some very simple rules to say, okay, play the games you want to. but if you make x, you have to pay this. they'll outsmart

sure they have warren buffett with his hedge fund managers that include a patronizing attitude towardvestors who can't compete. so they should surrender to, yes, index fund. he's saying it to disagree. if robert were the only one who made a lot of money picking individual stocks, i'd say you know, ebay's the one to lottery. and you could say people at total wine are self-selected because of the investing club. i'm not buying it. i'm saying that the wizards of wall street and their journalist doppelgangers have gotten too proud of themselves for convincing millions of people to surrender to the mediocrity of index funds lock, stock, and barrel. and i think their era may be ending. if i helped, if i helped it to -- to end this year with the investing club and with tales of people making tens of millions of dollars by picking stocks, here's what i have to say -- i'm just getting started. i like to say there's always a bull market somewhere. i'm jim cramer. see you tomorrow. ♪ peter is the most seasoned investor on "dragons' den," the u.k. version of "shark tank," with 18 seasons under hi

i know warren buffett likes it, but i don't care. i want that mix of natural gas and oil.want to know about cooper company, the largest contractor in the u.s. >> you know what? i think it is a very good situation. i like your call. let's go to stephen in jersey. stephen? >> hello, jim, how are you doing? >> i'm doing fine, how about you? >> everything is good. >> oh, good. >> sorry, i was just calling to get an answer, i had it for a while -- >> keep going. it has a 7% yield and if it goes down, buy more. i like energy transfer but i like it now for the last five points. let's go to tony in florida. >> hey, jim. thank you for everything you do. >> oh, thank you. >> i saw your text 20 meeting where you and jefferson were fantastic. >> thank you. the 1020 meeting is online. i'm glad you are watching. what's up? >> i have eli lilly but i want to start another osition in the healthcare stock and hopefully put this corpse behind him. what do you think about that position? >> i like that at 115. i think their legal stuff is largely behind them and we will find out. now that the

but there's a reason why warren buffett bought geico when he did.p a cb chart, for example, there's a reason why this is lower evident, er left. so, it's an incredible business that potentially could have the existential risk, but i don't think it's imminent. >> if you are unfortunate enough to have somebody who has a chronic illness in your life, you will recognize that this is exactly the sort of experience that you have, you are denied coverage, you are denied medicine, treatments, that sort of thing and it's very frustrating. when you think about the idea of adding a.i. into this, this is a very personal thing for the folks that are suffering from this sort of stuff and need this treatment and it's being done in a very impersonal way. so, let's hope there is some change and something good comes out of a horrible incident. and, you know, maybe it is policy, i would be surprised under this new administration if that comes, but maybe some companies recognize the fact they can do better. >> impersonal, literally. it is being done by a machine that h

get as good a return as the indexes do but you can make adjustments and you can do small things warren buffett has been trimming positions. we believe right now is a good time to trim stocks that have run too much there are things like giving appreciated stocks to your favorite charities, this year, you can get a full tax deduction on an appreciated stock without paying the capital gains, get the deduction this year. we would advise doing that, and frankly, i would advise going down the risk spectrum taking some beta off the table the nice thing is one industry that's gotten beaten up is the health care industry with people being worried about kennedy coming in, and so there are a lot of less cyclical health care stocks that are more attractive. on the margin, take risk off maybe even increase your cash. give to your favorite charity. and don't add more at the top. >> that's so interesting because to go into health care, which, again, has been such a laggard, kind of such a hated space, but i know you're a traditional value investor, what do you do with names like apa, do you hang on, do you n

not benefiting too much today but that did not stop warren buffett. out another piece of news crossing the wire. big lots. back in september, the company said it filed for chapter 11 bankruptcy in delaware and had sought to sell -- it tried to stelter nexis capital management but the sale had fallen apart. it is now sitting it agrees to a transaction with gordon brothers retail partners. . it will transfer assets to other companies including variety wholesalers. that would include more than 400 retail stores owned by variety retailers absorbing more big lot assets. a really interesting moment. one of my favorite screens on the terminal is bcy. those are bankruptcy filings. big lots was the third largest bankruptcy filing by assets in the united states. the fifth largest by liability. pretty large. only to be followed by spirit. another much larger one. there were a lot of bankruptcies. a lot of pain in the consumer discretionary sector. when you look at the s&p 500, that is where you are seeing the largest bid come in. only the largest will survive. v

warren buffett sold 615 shares of apple.e trailing year ended september 30th. >> that we know of. >> of this year. >> that we know of of this year. >> no, it's a lot of money. he's got a lot leftover obviously, but it would be better not to sell obviously in hindsight. would have been better if he bought some bitcoin and call it rat poison, too. >> got to talk to the mentalist about what to do. we've got some real news to get to, folks. >>> an update now on the american airlines outage, and it is some good news for travelers. the faa now saying the nationwide ground stop has been lifted and flights are starting to board, so everybody breathe a bit of a sigh of relief this morning. we had a sort of 25, 30 minute period if you were sitting in an >> you end up outperforming the market by about 300 basis points on average and do so with 75% of the time, so communication services, consumer discretionary information technology would be those groups that are likely to continue to do well. >> you said the mag seven would do tremendo

emily: what does warren buffett know?e money over the years. we check in on what is going on in treasuries, slight uptick in the vix. the dollar unchanged. people trying to pull together everything happening this year to try to figure out whether that will continue into next year. price target next year on the s&p 500? emily: i am not allowed to make targets, i'm a real journalist. romaine: our next guest talking about investors potentially trimming risk to potentially close out the year. we will also hear from perianne boring from the digital chamber to talk about her outlook, bullish outlook for crypto. and patrick de haan at gasbuddy on the holiday travel season and what is next for the oil and gas markets under a second trump administration. we begin with our top story of the day, equity futures here in the u.s. moving lower with investors dialing back just a little bit on the risk side here in the final two days of 2024. sam stovall at cfra expecting volatility to lead to modest gains for the s&p 500. your and price

. >> do you think that's why warren buffett pulled his money out.ett pulling all of his money out of the stock market or most of the money out of the stock market and he's in cash now because -- does he think the stock market is so overvalued that it's likely to fall? >> he hasn't said that. and actually most of what he's pulled out is he sold his apple stake and we'll talk about apple also in just a second. but, warren buffett and most investors and i will tell you trying to time markets is a fool's errand. so, buffett isn't saying explicitly he's worried about stock prices. implicit is in what he's doing is that fact, yes. >> talk about the magnificent seven. it's remarkable seven stocks are driving so much success on the stock market. >> yeah. these have been named the magnificent seven. i'm sure you all heard of nvidia. it's up over 825% since the beginning of last year. less than two years. meta, better known as facebook, up almost 400% and tesla is interesting because the stock had been languishing until the election but people think musk will

dani: warren buffett moving some equities this morning.athaway had made. these shares rallied on friday. happening again today. he's sitting on a paper loss on this equity since he started buying shares of it two years ago. he owns nearly one third of the company. eli lilly also off the back of one fda approval for the weight loss shot used for sleep apnea. this is the only drug on the market approve for sleep apnea. everything else is more mechanisms. it works because of the weight loss that it causes. this might help them get more insurance to cover it. qualcomm had been alleging it was violating its terms of agreement. anyway, qualcomm has won that lawsuit. the judge saying it is well within the right to do so. back to you. scarlett: we will check in with her a little bit later on. honda and nissan taking their first steps for a merger. a holding company would be created to house the new entity. this would create one of the world's biggest carmakers and compete with toyota, also chinese ev automakers. that is the big one. annmarie: that

part of what you did was take $5 billion in cash from warren buffett.arter that he's been cutting his stake in the company. i think he sold something like 200 million shares. he's still the last we've seen in the public filings had 9.99% stake in the company. still a major holder. dune why he's selling? have you spoken with him? >> i have not. that wouldn't be right. >> i'd ask him. >> you can ask him. that's your job. at the end of the day, he made two investments in the company. he made one in 2011 and for the first time he told me the first time he's ever done it. he made another major investment in '18, '19. that's a higher basis. he sold that down. he came to us in 2011, called me up, he's reported on it. he said, i want to put 5 billion in your company. from that day it was up as much or more than he is frankly in terms of economic value. he did it to stabilize the company. at that point we had 260,000 people, whatever it was. they all came back to work. the best investor put it behind us and it kept driving us forward. he's done very well. he's b

warren buffett, his business made a pretty high profile re-engagement with florida a couple of yearse was an opportunity there given the risk, to make good return, but i know it has been a challenge for the growth in south florida. paul: mr. galvin highlighting how many people moving down there, showing no signs of stopping. coming up, netflix, pushing into live sports. perhaps you like me watch the game yesterday. one of the latest moves in the streaming wars. more on that, coming up next. this is bloomberg. ♪ (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com paul: all right, good thursday morning. david euro, paul sweeney, live with you this morning, doing a special bloomberg markets simulcast. it's a fun thing, looking at the markets here, ticking up into positive territory

i think warren buffett has this ratio he uses of market cap to gdp or something and i think it's prettyets don't move -- markets move in the ways that cause the most amount of pain to the greatest number of people. people appear to be pretty bullish right now if you look at leverage ratios and hedge funds and things like that. and you're probably one geopolitical event away from something big happening, but who knows? i have no idea. >> one geopolitical event away. >> mitchell, those look like taylor swift bracelets. >> they are taylor swift bracelets. i have daughters who are giant taylor swift fans. >> did you go to a concert? >> of course, but i have -- i haven't made those, but i have seen people make those and they made me one that said -- i think mine said red because i like that song or something. yeah. and the tour just ended so that really is -- >> they are taylor swift bracelets, yeah. >> three daughters. >> three daughters. >> for your daughters. >> i still wear them. make them happy. >> whatever you say. >> amazing phenomena. >> mitchell green, taylor swift fans of our team,

matt: paul: warren buffett, also. here's the way to think about it, it's just a commodity, right?nking about it as a commodity, nothing more. not an asset or a currency, it's a commodity. if you have an opinion on supply and demand, you have an opinion on bitcoin. sonali: you are looking at a day were one of the best-performing stocks in the market, as there were some that rose more into the green today, not quite making it. we have news today that an israeli startup founded in 2018 that helps to manage ai hardware infrastructure that first broke news on this in april, they completed the acquisition. the software currently works only with open source systems meaning that rivals can adapt it to their hardware. nvidia declined to comment on the value of the deal and we had an israeli newspaper putting the value at 700 million dollars. their second-most important market. the last major deal was 7 billion. still, their dominance is unrivaled and it's exciting. up 400% this year. matt: year to date, just extraordinary. market cap up. as joe weisenthal so sagely pointed out in his tweet