17 Burst results for "Big Berkshire"
"big berkshire" Discussed on Motley Fool Money
"A few thoughts on the matter, so stay right here. You're listening to Monday four money. As always people on the program may have interest in the stocks. They talk about it. The Motley. Fool may have formal recommendations for or against. Don't by herself. Stocks based solely on what you here welcome back to Motley Fool Money Chris sale here with Jason Moser and Ron. Grows berkshire-hathaway finally made an acquisition this week. Berkshire is buying the natural gas assets from Dominion Energy for four billion dollars. Run. You throw in the debt. The enterprise value is around ten billion biggest deal for Berkshire hathaway's sense. Sixteen although it. Kinda doesn't feel that big I'm a big Berkshire Fan. A big buffet fan is actually my largest holding, and I've been waiting for him to use that elephant gun that he likes to talk about this. This doesn't feel like that now. Ten billion is still ten billion, but he's got one hundred and thirty seven billion to put to work and I'm all for being conservative, and I trust him, but as a shareholder I. do want to see more. Having said that I think this is a good acquisition. It will double berkshires market, share natural gas movement to around eighteen percent in the US. Probably a pretty good deal. Natural gas prices are historically low. Partially as a result of the pandemic have bounced off their July lows, but When this deal is being negotiated, I would imagine that He. He got this on the cheap. Since things aren't looking looking that strong, but they likely will rebound. You know biggest biggest Berkshire acquisition for years. As we said ten billion all right. Let's get moving though buyback some stock perhaps if you can't find anything else out there that you like. But sitting with that much cash. It's just just a drag and you see that in the fact that Berkshire Stock is down twenty percent this year..
"big berkshire" Discussed on Bloomberg Radio New York
"Throughout the trading day on Bloomberg SNP futures are about 37 points, down futures up 356. NASDAQ futures have 120 to the decks and Germany's at 1.7%. So is attack in Paris Footsie 101.9%. CK to 25 in Japan gained 1.8% in the Hank Sing in Hong Kong jumped 3.8% 10 year Treasury down 5 30 seconds. He'll 300.68%. They yield on the two year 20.15% Nymex crude oil out 3/10 percent, or 12 cents, at $40.77 a barrel. Comex gold is down 1/3 of upper center, $6.50 is 17 83 50 announced the euro 1.1297 against the dollar. The yen 107.5 for Nathan Karen. We're coming off the biggest one day increase in global Corona virus infections. US cases continue to Serge with a pace above last week's average California, Florida, Arizona and Texas continue to see increases. Lena Hidalgo is chief executive of Harris County, Texas. At this point our hospitals here in Harris County, Houston and 33 other cities, they are crossing their into surge capacities. Hidalgo's calling for more restrictions to limit the spread of the virus, but says the state government has blocked local officials from taking appropriate measures. In Arizona. Phoenix Mayor Kate Diego blames the surge on an early push to reopen she spoke to ABC is this week heard right here on Bloomberg Radio. We opened way too early in Arizona. We were one of the last states to go to stay at home and one of the first to re emerge. Like officials in Houston, The Phoenix mayor says state government is limiting the ability of local officials to impose restrictions are governor has preempted us from closing. Different types of businesses are moving restaurants to take out on Lee. We really want as many tools as possible. We had to beg to be able to implement masking orders and the search could put a local tourism at risk and states across the South trip Advisor CEO Stephen Kaufer is seeking traveler shun a southern vacations for areas with lower infection rates. He spoke on face the nation from CBS or Sundays on Bloomberg Radio. You look at the top searches, and I think five or six of the top 10 a couple of weeks ago were all wonderful. Southern beeches. Texas, Arizona, Florida Great places to go with that switch. Everyone's moving essentially up North away from all these spots. Cases in northern states have seen infection stabilized. Today. New York City enters faced three of its reopening Face. Three also begins today in Massachusetts. Despite rising infections, the Trump Administration remains bullish on the economy, Labor Terry Eugene Scalia says the recovery's going better than expected and more stimulus could further boost growth. He appeared on Fox News Sunday heard on Bloomberg Radio. There will be talk a CZ. We get deeper into the month about possible additional measures. But I am optimistic as under the president is about how we re opening the success. We're having right now rebuilding that really extraordinary economy that we had through February until the virus came. Goldman Sachs, however, does not share that sentiment. Economists of the firmer lowering estimates for GDP this quarter, Goldman predicts 25% growth for the third quarter. That's down from 33%. Coronavirus cases are climbing and GDP forecasts are falling, but stocks are still on the rise. U. S futures in European equities air gaining after a strong showing in Asia, Bloomberg's Julius Stanley joins us from Singapore with more on the Asian session. Good morning, Julia Good morning. Carol and Nathan. The C S I 300 gained 5.7% on the close its biggest one day jump since February last year to hold it June 2015 highs. The Shanghai composite had its biggest rally in five years to hold it February 2018 highs up by 5.7%. Brokerages led the gains in China with enthusiasm also sparked by a front page editorial. From the nation state media that said fostering a healthy bull market after the pandemic is more important to the economy than ever on Kong. Stocks also joined the rally set for a bull market while gains were more muted in Japan and South Korea in Singapore. Juliet Solly Bloomberg Daybreak Juliette, Thanks European equities air also gaining. The stock 600 is up 1.5% U. S futures or higher by 1.2%. And Warren Buffett's getting back in the deal BUSINESS. Buffett's Berkshire Hathaway is buying all of Dominion energies gas pipeline in storage assets here with more on the acquisition is Bloomberg's Catherine She Glinski deal really underscores just how big Berkshire is going to be in the energy sector. After this, these operations are really going to spread kind of there, holding the natural gas transmission side of things. And it really underscores how buffet is willing to now, finally pounds. I mean, he took a really cautious approach at his annual meeting in May morning, people that we probably haven't seen the worst case possibilities with this pandemic. I think this deal and the size of it really underscores what profit is actually willing to put some of that money to work Berkshires buying Dominions assets for $4 billion. It's also assuming more than five billion of debt as a result of the deal. Dominion and Duke Energy are killing plants for a controversial gas pipeline along the East Coast. Uber also making deal sources tell us the ride hailing company has agreed to acquire Postmates for $2.6 billion. The takeover would help uber gained ground against door dash, the market leader in US food delivery. The acquisition could be announced as soon as today. We're seeing strong gains for some big names in early trading. Shares of Uber are up 6% afterward of that deal, Tesla's higher by 6%. American Airlines, Delta United and bowing all up more than 3%. Norwegian Cruise lines, Carnival and Royal Caribbean are higher by at least 4% and a 1,000,000. Energy is up 13% after news of that deal, with Berkshire Hathaway futures on the rise. SNP futures up 38 points. Dow futures up 368 NASDAQ futures up 125 points Straight ahead. The latest world in national news. This is Bloomberg. 607 on.
"big berkshire" Discussed on Bloomberg Radio New York
"Infections in US cases continue to surge with the pace above last week's average, California, Florida, Arizona and Texas continue to see increases. Lena Hidalgo is chief executive of Harris County, Texas. At this point, our hospitals here in Harris County, Houston and 33 other cities they're crossing They're into surge capacities. Hidalgo's calling for more restrictions to limit the spread of the virus, but says the state government has blocked local officials from taking appropriate measures. In Arizona. Phoenix Mayor Kate Go Lego blames the surge on an early push to reopen She spoke on NBC's this week heard right here on Bloomberg Radio. We opened Way too early in Arizona. We were one of the last states to go to stay at home and one of the first to re emerged like officials in Houston. The Phoenix mayor says state government is limiting the ability of local officials to impose restrictions. We opened Way too early in Arizona. We were one of the last states to go to stay at home in one of the first to re emerge. And the surge could put local tourism at risk and states across the South trip. Advisor CEO Stephen Kaufer is seeing traveler shun the southern vacations for areas with lower infection rates. He spoke on face the nation from CBS heard Sundays on Bloomberg Radio. You look at the top searches, and I think five or six of the top 10 a couple of weeks ago We're all wonderful. Southern beeches. Texas, Arizona, Florida great places to go with that switch. Everyone's moving essentially up north away from all these spots. Cases in northern states have seen infection stabilized. Today. New York City enters Phase three of its re openings. Phase three also begins today in Massachusetts. Despite rising infections, the Trump Administration remains bullish on the economy. Labor Secretary Eugene Scalia says the recovery's going better than expected and more stimulus could further boost growth. He appeared on Fox News Sunday heard on Bloomberg Radio. There will be talk a CZ. We get different month about possible additional measures, but I am optimistic as under the president is about how we're re opening the success we're having right now rebuilding that really extraordinary economy that we had. Through February until the virus came. Goldman Sachs, however, doesn't share that sentiment. Economists at the firmer lowering estimates for GDP this quarter Goldman predicts 25% growth for the third quarter. That's down from 33%. Corona virus cases are climbing and GDP forecasts. Air falling, but stocks are still on the rise. US. Features in European equities air gaining after a strong showing in Asia, Bloomberg's Juliet Sally joins us from Singapore with more on the Asian session. Good morning, Juliet. Good morning. Carol and Nathan. The C S I 300 gained 5.7% on the close its biggest one day jump since February last year to hold it June 2015 highs. The Shanghai composite had its biggest rally in five years to hold it February 2018 highs up by 5.7%. Brokerages led the gains in China with enthusiasm also sparked by a front page editorial. From the nation state media. That's it, fostering a healthy bull market after the pandemic is more important to the economy than ever on Kong stocks also joined the rally set for a bull market while gains were more muted in Japan and South Korea in Singapore. Juliet Solly Bloomberg Daybreak Thanks, Juliette. European equities air also gaining, the stock 600 is up one and 1/4 percent. U. S futures are higher by 1.1%. And Warren Buffett is getting back in the deal BUSINESS. Buffett's Berkshire Hathaway is buying all of Dominion energies, gas pipeline and storage assets here with more on the acquisition is Bloomberg's Catherine She Glinski deal really underscores just how big Berkshire is going to be in the energy sector. After this, these operations are really going to spread kind of their hold in the natural gas transmission side of things. And it really underscores how buff it is willing to know. Finally pounds. I mean, he took a really cautious approach at his annual meeting in made warning people that we probably haven't seen the worst case possibilities, but this pandemic I think this deal and the size of it really underscores what profit is actually willing to put some of that money to work Berkshires buying Dominions assets for $4 billion. It's also assuming more than five billion in debt as a result of the deal. Dominion and Duke Energy are killing plants for a controversial gas pipeline along the East Coast. Uber is also making deals. Sources tell us the ride hailing company has agreed to acquire Postmates for $2.6 billion. The takeover would help uber gained ground against door dash, the market leader in US food delivery, the acquisition could be announced. A soon is today We're seeing strong gains for some big names in early trading. Shares of Uber are up 6% afterward of that deal. Tesla's higher by 6% American Airlines, Delta United and Boeing or up more than 3%. Norwegian Cruise lines, Carnival and Royal Caribbean are higher by at least 4% and Dominion Energy is up 13%. After news of that deal with Berkshire Hathaway, SNP futures are higher by 32 points. Dow futures Up 310 NASDAQ futures again of 117 points straight ahead the latest World of national News. This is Bloomberg. 507 on Wall ST Michel Barr is back with more on what's going on around the world. Welcome back, Michael. Thank you very much. Nathan. Phase three. Every opening from the pandemic is scheduled to begin today in New York City. New York governor Andrew Cuomo urged people in a tweet to wear a mask social distance and be smart, almost says though indoor dining will remain.
"big berkshire" Discussed on 77WABC Radio
"Episode on Wednesday and Friday and we're going to go much more in depth particularly the one on Wednesday in the subject we're covering here but now we're going to go to a real expert this guy has done everything a police officer can do and now has been involved in private investigations is probably one of the best in the world if and he's one of my good friends Bo deal thank you Mr mayor for having me so it's a pleasure to talk to someone else for me to go so who knows really knows what's going on instead of all these lip service people who don't have a clue of what policing is all about and what decent men and women go through every day when he suited up to systemic violence of cops against blacks for some reason the numbers of come out not to be what they say when you take ten million arrests over ten million arrests a year in two thousand nineteen good night on all blacks that was shot you're you're you're the one who brought me those numbers remember last week you brought me those numbers right but we're talking about also interactions with maybe a hundred million interactions with police what to watch television now in to listen to this my stomach is getting sick for the fact that these numbers are not prevalent it is not true it's not factual in the specially Utica police department like New York City which is probably sixty five to seventy percent non non white and right got a great job it is done the community policing and when I ran for mayor against this bill the blast your big Berkshire I I need to mention all of this should be something that we should do we should take cops cops making fifty thousand dollars year far underpaid for what their responsibilities are and what we should do is allow them to make some overtime open up some high schools in on minority neighborhoods let the kids on the streets no they could have a Big Brother there becomes I think that's the most effective thing you can do to change this problem put the cops together with the kids what aid and then maybe you can help get a job let them see a cop on the other side instead of him coming out of the police car tell me get off to Cornell have a communication a while it is pretty cool Bhattacharyya ticket that cops really hook up he'll be district that's what we have to do you don't define the police department what is more the first billion dollars I can tell where they could get it it went to Charlene McCray deblasio one billion dollars in the last four years rations right there too she can explain what you did with the money Dallas to start with home with Bo deal on seventy seven WABC Bo who I mean I I look at de funding the police why do these idiots in Minnesota are actually disbanding the police and they I thought it was a joke they're actually saying they're gonna use social workers what what what are they out of their minds what do you know who the victim is guilty of this sorry all minority neighborhoods it was a crime is the hardest people suffer from this so in in Minneapolis blacks are the victim of violent crime seventy nine percent of the time right now the and then you kind of care about victims it's black lives matter why don't these lives matter you know what we'll get into every day or or As captain Dorn nobody pays attention to captain door he's an African American black his life matters except to these people I tried to reach out to Oprah Winfrey she's going to have this this this that meeting of all the minds of all the people that want to get started whatever I want to go on and my question when I was a fox news contributor for twelve years what I should do sure show all the time I used to bring up the murder rate just in Chicago are you mark that no bomb was the president the time and I would earmark what flight six hundred murders a year black on black right that's one city in America if you take it across the country it's probably up near seventy five hundred eight thousand African Americans just about right that's about what he wanted us some why don't we care about money hardly put a little love yo girl to get shot today sit on a stool Chicago why does nobody else care why doesn't that black white but what we should do what we want to open a Pandora's box let's open that up let's have dialogue about that what are we doing about that why isn't our shop to make you know March in Chicago save our people of our community good good because their lives don't matter their lives don't matter because you can't make any political points with their lives you can't cause any trouble you can't follow your you know your ID ideology a liberal ideology wanted to tear the government down there was some the Porter had to tell you about the NFL I I I I look the National Football League I have a solution because the day was the only couple of days ago we have a marine corps birthday every very cooperative squawks about I'd like you to come this year to guys like but if you invited me to talk to them Mike two years ago member we have a candle we have a candle I remember very impressive in the white the African American Hispanic everyone who's fallen and now when we sing the national anthem it's not about America being perfect America is not perfect I think it was tax is not perfect when we stand for the national anthem it's about or falling people people you know I know people would love to fight for our freedom whether you're black white Hispanic day that's what the next winter this now for you to take a knee during it is disrespectful to a country that we all love if I'm a black man I got two percent blacks I get the book like partial black there I stand for the national anthem now here's my idea how about we all get together we talk about it with the head of the NFL will stand for the national anthem and then after it's over let the cameras the TV coverage they on it you choose to take one million protest will make a statement that's fine you want to take two days you want to roll over then your dad put your little protest but stand for the national anthem because it has nothing to do with what your problem so what absolutely America well both as usual very very inspiring little wooden you know we talk almost every day so keep in touch you give me a lot of great stuff great insight thank all right love you that guy is something and I didn't get a chance to ask him how many private clients he has to be protected by ex police officers who don't think you should be protected by police just like all the celebrities so we're gonna take calls at one eight hundred four eight W. A. B. C. that's one eight hundred eight four eight nine two two two and on the line is Frank from Astoria yes it up good afternoon mayor Rudy how would you Frank I'm doing fine so how can I help you yes you know I'm a little bit concerned.
"big berkshire" Discussed on KLBJ 590AM
"You here on a Sunday afternoon thanks a lot for being with us on news radio kill B. J. as I mentioned right at the start of the show I'd like to hear from you this afternoon as we go along today if you've been out and about this weekend have you went back to some of your favorite restaurants or bars or retail shops right the been close for so many weeks and if you like to share your experience big lead here from here five one two eight three six zero five ninety it is calling in from north Austin on kill BJ hello Andy can you know this is a listener who really appreciate what you do and and I wanted to say thank you and another thing I'd like to thanks for that I who really appreciate what the governor is doing I think he's doing things the right way and he's moving in the right direction I've been in Austin for about a year now listen religiously never once ever heard anything positive about the mayor it seems evident that merits find of a porn in the side of the governor and not you know I one day I was driving and I all up to one of the local markets and that was assigned a woman was holding a sign and she said can you sign the recall for the for the mayor and I I jumped out of the rainy day I jumped out and even park my car he said what you need and I find IT nine wondered you know that'll Hey when are the Austin people going to realize that yeah he's a he's not living up to our expectations so the right thing to do for the the city anyway already no no hang on here for second as you said you've been here for about a year right so what you said okay so you got to know just a brief recent history this mayor and the city council and they usually win by landslides the mayor won reelection by a landslide I think he believes that and many of the socialist city council members believe they have carte Blanche to pretty much do as they please in the city that is a blue dot in a red state now granted he and the city council have come under a little more criticism as of late for the position on the homeless ordinances and so forth and definitely I'm it's I would say it's been mixed reviews on how things have been handled as far as you know shutting down the city and all that he's he's definitely been getting his fair criticism share of criticism or rather the way that he's handling and I think rightly so I'm not you know because it just over time if you've been around long enough Eddie and and maybe you'll stay for a while you've been here for a year you'll see that some of us believe this mayor of the city council not very supportive of of Austin police for example they've they've gone away overboard on figuring out ways to help the homeless I just saw St Louis post dispatch article today for example where the homeless were camping in one of the big parks there the end of in Saint Louis the officials came and took down the tents and put those people in shelters and door hotel rooms this city council this mayor have taken the opposite approach you got camps intense springing up all over the city and places they've never been before so and I did I gave the mayor credit Elise got it right on canceling south by southwest when there was a time back in the early March that was day by day of what is going to be cancelled is it gonna be postponed or they're going to go on with it and you got to know the money was intoxicating the the the opportunity to not have all that revenue come into the city was really weigh in against them but they finally made the right call because can you only imagine if they'd gone ahead and tried to have south by southwest right so we'll give him credit where credit's due he got that one right but by and large I'm not very supportive of the mayor or the city council I've never felt so under represented in a thirty plus years I lived in the city as of with this current bunch of clowns on city council and in city hall right now where do you come from that he said had been here for a year yeah thank you for saying that Kenny thank you for you know your honesty and thank you for all this I'm sure you must do a lot of research and a lot of studying before you go on air you know exactly what's going on and and you get it right and you put it out there right and you're one of my reliable sources for information I appreciate it thanks for that I appreciate the quality thank you for chime in from north Austin today five one two eight three six zero five ninety if you'd like to join as I mentioned this story by the way you just try to re try to keep upright you're so much stuff going on you can never know enough I'm so much stuff going on so Warren Buffett and if you hear anything about the guy you follow the guy's career he's he's not called the oracle of Omaha for nothing the guy's a multi billionaire in wildly successful over the many years with his company Berkshire Hathaway but here's the gist of the story I want to talk about he is sold all of his positions in the U. S. airline industry over four billion dollars in United American southwest and delta airlines they just had the big Berkshire Hathaway annual meeting which is one of those things that you just if you're a shareholder or your you know financial advice you know whatever I mean people would love to be there that can never be there in person and that but it's a big deal when they have their annual meeting so he's delivering one of his virtual addresses now as they all are these days and he says quote the world has changed for the airlines he says he admires the airlines the one on seder sometimes their events like the coronavirus on the lower levels of probabilities that necessitate a quick change so I think there are certain industries and unfortunately I think the airline industry among others that are really hurt by a forced shut down minister did take a look at the numbers right and you've heard these numbers as far as air traffic for example down ninety five percent well beyond but it was.
"big berkshire" Discussed on Bloomberg Radio New York
"Now been infected when Christopher Cruz and I'm Susanna Palmer in the Bloomberg news room this newscast is brought to you by national realty and R. I. A. developers of high return income producing properties for investor partners see them at N. R. I. eight dot net Berkshire Hathaway's first quarter operating earnings are out today operating earnings were five point eighty seven billion dollars versus five point fifty six billion a year ago help out by gains in the insurance unit first quarter net income plunged into a loss of forty nine point seven billion dollars that was driven by unrealized losses in the big Berkshire stock portfolio how will that play among investors here's Bloomberg reporter Katherine G. Glinski if you see that bus for Berkshire it was a staggering fifty billion dollars but it is always warned investors to sort of look past that because becoming a role he chose the wild swings in his stock portfolio and if you buy into his hearing but he's actually a long term investor of all the stocks for a while you sort of expect those to recover over time despite you know with the current circumstances were in what's in the first quarter building up cash rather than spending it as stocks tumbled he's sitting on a cash pile of about one hundred thirty seven billion dollars a record for the conglomerate Berkshire holding its annual meeting virtually today north Korean leader Kim Jong un ended on almost three week absence from public events with the factory visit an appearance that will ease but not end the concern about the stability of the north Korean regime and control of its nuclear arsenal as some U. S. states lift restrictions on businesses the next several days are set to bring.
"big berkshire" Discussed on We Study Billionaires - The Investors Podcast
"Your stock selection process and how has or hasn't been influenced by Warren Buffett and Talamante her. My investment process is kind of difficult to explain because it tends to be just looking for things that makes sense to me and that there's no real morningstar style box that you can check. That says you know buying things that make sense to me so I ended up being very opportunistic and going into a lot of different places whether it's just buying outright cheap assets when they're available like a net net all the way up to hang up a little bit more for a good company that has good cap allocation and along runway to redeploy capital at essentially high return. So obviously buffet early on was very quantitative based investor and off only very cheap things and for most of my career. I've been more that way and it's only until recently that I felt a little bit more comfortable paying up for a good culture. And what am I thinking is evolved in that is one. I think you have to read a lot and been in the game for quite a while to have the trust in yourself that you can recognize those kinds of opportunities. The other problem is that it's very difficult to get to that point in this particular market for me because it seems like that's kind of whatever one is realizing recently compounders have become very popular and for good reason it makes business and investing sense is just the price is. I feel like maybe have gotten the little out in front of what might project into good returns for a lot of these businesses so while I recognize it I've been pretty slowed actually implemented because the price I felt like hasn't quite been there yet. Another interesting thing I've been thinking about lately on that Front. Is Everyone's looking for companies that have really high returns on invested capital and? I've been wondering if perhaps that you might be better off looking for ones. That are more moderate. Maybe like the ten to fifteen percent range. My thinking of that is that few have extraordinarily high returns on capital that is a signal that other entrepreneurs may WanNa come and compete those away from you and or at least share in some of that high return maybe at the ten percent range your side of flying under the radar and you're able to compound for a really long time at ten percent as opposed to a short period of time. Let's say fifty percent and the better bet is to take the longer duration ten percent one most likely so it's Kinda like I've heard Peter. Thiel talk about how companies who are actually monopolies. They don't advertise it. They're trying to hide it. Google will talk about how they're only a certain percentage of the entire advertising industry. They won't frame it as online advertising or search even worse right so in the same vein maybe the editor bet is to look for more mid range kind of Roi. See and see what you can find there. As opposed to like the highest flyer ones so jake on February twenty-second buffet sent out his annual shareholder letter. And I'm just curious what your key takeaways. Where from the letters this year? I thought it was interesting that he removed the Book Value Column. For the first time. Which kind of tells you how much value maybe as a metric for Berkshire has decayed in buffets mine. He's been talking about it for a while but he finally stopped reporting on that. I mean you just look at that. Market value though from nineteen sixty five to twenty nineteen at twenty point three percent return versus the SMP's ten percent and it's like it's such an amazing testament to doing something right for a really long time and the just the obscene compounding that can take place. It's just truly incredible to actually see it. Spelled out look at the float number nineteen seventy thirty nine million dollars today. Hundred Twenty nine billion dollars absolutely unreal. How Big Berkshire has got? And then my last one was interesting to see him. Say That g chain and Greg able will be more involved in the meeting this year which I think gives some hints about succession. Planning and I thought it was actually a little bit odd that todd and Ted wouldn't be included as much. He didn't mention them. At least so those were my takeaways from this year's letter but in general I would have probably given it an average rating other ones. I've liked more but anytime you can hear what's on buffets mind is worth taking a few minutes to Rita for someone like you have been reading all his letters. It is interesting to see how especially the last safe ten letters. I think he's giving away less and less. I guess that's how I look at it. They're still good lessons to learn but it seems like he's a different mode. It seems like he's a bit more in legacy mode than he is in the. Let me educate you about business mode. But it's definitely worth a read and we'll make sure she'll linked to that later in the show notes but jake. Could you talk to us about Berkshire Hathaway and no? We're going to talk about the evaluation the end. So we'll get to that but talk to us about berkshire-hathaway how would you outline the for someone who is not too familiar with the company in my mind? It's a supercharged S. and P. Five hundred it's very. Us centric Bat. They insurance operations are way above average the industry and then you have somewhat doing cap allocation. That's the greatest of all time. And typically you're buying it for less than the markets typical price due to some kind of a conglomerate discount so in my mind. It's not a bad plug in or an S. and P. five hundred exposure. If you wanted that instead could you talk to us about the five major segments of the business? Sure Yeah I mean you have the insurance operations which are big you have a railroad inside of their Burlington northern you have Berkshire hathaway energy. Which is we used to be mid American and now is growing quite a bit. They put a lot of money to work in both energy and railroads and earned that interesting ten percent regulatory return. Likely we're talking about return on capital and then you have a marketable securities portfolio of a lot of blue chip companies. That are baked inside of there. Then you have what's called the MSN. Which is the manufacturing service and retail and those are a bunch of grab bag of different businesses. Some bigger some smaller all the way down from precision cast parts which is making high tech aircraft manufacturing all the way down to shakes and Burgers at dairy queen. And everything in between so you have the whole swath of the US economy..
"big berkshire" Discussed on InPennyStock | Penny Stock Trader
"And so it's actually easier to earn return on your trading penny stocks small cap stocks because you don't have the wall street the big berkshire hathaway's pay billions of dollars in software technology it also talent you know you're not competing against the armies of p._h._d.'s m. b. as in twenty years of experience that wall street brokers and people on wall street hat so when you're in this market now you have again going back to competition. It's a much less competitive environment so you have the ability to succeed right right. A lot of people say oh. Why don't you just try to be the best competitive market and you you can. Why are you spinning your wheels putting that much energy. You know i much rather anything. Stanzel said this <unk> reading his book. It's pretty funny. Book is called. I am i being too subtle. <hes> this is a side aside plug. I mean i have not i don't have any affiliation with the book i'm just reading now but he says in and most billionaires say this even peter thiel one of the first i investors of facebook and one of the co founders of pay pal. You know the pay pal mafia. They're talking about. You need a competition. I mean so you need a monopoly. I believe you don't want competition now. They're using monopoly loosely. You know it's not like they're the only company in the rockefeller days where the monopolies earliest causing problems society some people might argue in some fashion it is but in general you want to compete with the lowest competition possible so that you can succeed so you can be the big fish in a small pond and then take your money and go do whatever you want so that's how small cap stocks and penny stocks. There's so many market imperfections affections for example what i'm going to spend my weekend doing is actually looking for companies whose revenue or assets are lower. Sorry are higher then their total market cap greiner under psychology of that if you've taught a look for that in the s. and p. five hundred or in the top thousand or two three four thousand stocked doc you won't find that because wall street has already did this type of analysis and factored event so thinking about what i just said. I said i'm looking for stocks where the total oh revenue right that's sales of how much money they're making. Annually or the total assets is higher than the market cap right because the market capitalization station is a simple formula that number that you see when you're going to be doing stock trading is simply the volume of shares. The company has outstanding right. That's pretty much an arbitrary number set by the initial founders that this is how many stock or shares of stock we're going to use in order to divide up the company use in the millions or tens of millions range but that is multiplied by the price and that's how you determine the market cap so essentially what it's saying that the value the company is x. But if the value of the company's one hundred million in revenue they're doing one hundred fifty million or assets that upon the quotation all right take out for villa go bankrupt tomorrow for whatever reason they sell and are able to make more money that means that there's just some marketing projections going going on and that for some reason think about it. You're telling me that if a mom only worth hundred million but my company's about to make revenue is two hundred million this year than obviously i'm worth a lot more and so this is pure examples an evaluation or undervalued stocks and you're not gonna find that in the apple facebook facebook amazon netflix twitter because that's already been priced in by the wall street analysts but will you will be able to find it is in the penny stock world in the small mall cap stocks so definitely recommend you know thinking about that and understanding that your lack of millions or billions is actually in advantage went right the people have more difficult to the people who have larger sums of money to trade with right warren buffett and these big funds can't even invest into some of these smaller stocks walks because when they put in so much of their capital it would automatically dilute evaluation the company and and some fashion when they're buying so much the price of the stock would jump arbitrarily not matching the supply so they would jump the whole price up but then they wouldn't really have anyone to sell it to so that's what i find to be the advantage with trading small-cap penny stocks and how you can actually make more money with this tactic than actually investing in blue-chip stocks but truly at the end a diversified portfolio is always the best way to go so. I hope you guys enjoyed this think about it. Let me know if you have any questions or comments. Please always feel free to reach out to me at adleman. That's a. b. M. i n. At in penny stock dot com and if if you can't please like review and subscribe you know let me know how we're doing. I'm always trying to make content. That'll be useful for you. Guys so hope you guys enjoyed this and i'll see you guys as an extent hope you enjoyed that podcast and we went into a lot of.
"big berkshire" Discussed on NewsRadio 1020 KDKA
"Are you guys doing good? Sure. Turn your mic on. Thank you know. You were so quick. Usually, it takes you a few seconds, the couple's dips a copy and wake up. But anyway, how are you? Good. Good. Can't complain. Hey, listen, you know, big Berkshire Hathaway shareholders meeting. So today, here's my tribute to Warren Buffett, we're gonna talk craft hind because we're talking barbecue Heinz ketchup and mustard, I was show impressed to see the Honey mushroom. We talked about that last week for that that brand Franken Joe each really volving in all of the barbecue sauces to we've talked about this before there's gonna be a dozen of them on the market Frank. The barbecue sauce from Heinz is one of the top sellers now though picked up and picked up right away. And then just hit the flavors of different areas of the of the country. Everyone has a little bit of different barbecue sauce. We know they say that that industry is kind of flat where traditional things on a market. The stock market's not reacting to to to anything that they do. So a main Berkshire? Hathaway comes in and they take over Hinds craft at Kraft Heinz and they're trying to attract the different younger population. Get it going again, some of these things have been on the market for years under under different companies. So they're trying to renovate the company rejuvenated them. And that's what they're doing. It's good thing to do. Listen, Kirk Carlson's going to be in here next. Our love what he does Jim Meredith off today. A couple of talented guys, of course, part of barons top one hundred financial advisors for years have until it's in and they're going to have much more and all of that a little bit. But I just I don't know. I still think you really understand. I'm sure you do how much everything on your shelves in the grocery store matter to America and the economy. I mean, I I hope people understand why your business is one of my favorite because it really is the heart of America. I think groceries in the industry that you've been a part of for forty years show comes down to try to satisfy the consumer to try to have what they want when they want it. And that's the whole key. If it's if it's new products at Kraft Heinz is coming out, or if it's Georgia peaches that'll be coming in soon to be than South Carolina. You try to keep up with everything that the consumer is looking for at that time. You know, listen, we're family view me in the audience. I I love the industry. Only one thing I'm still not all in on this. You know, curb thing when you call in and pick your groceries out. I still think it's important to go into no these products as opposed to just checking them off and putting them in your cart. I just think you get a better feel by walking through a grocery store. Maybe I'm old fashioned. But I think I'm pretty current as far as what's happening in the modern world we live in. And I still think you've got to go into a grocery store every once in a while. Well, but the key is rob is a shift to understand what the younger generation is looking for. I know. And that's that's where you're trying to do is just satisfied if this is part of it. That's that's great. If not you try something different that they're looking for. Yes. I mean, the older generation you want you want to go in you want to see that. Stake? You wanna feel they had that his you wanna see the ripe tomatoes whatever, but is a generation younger generation like that. I don't know we have yet to learn that lash thing a couple of things real quick, by the way, grilling tips and tricks get on the phones light them up someone's gonna take home and gift certificate, one of our favorite show. So I'm watching Turner classic for about an hour last night the movie Marty with Ernest borgnine. He was a butcher back in the fifties. Okay. Great great movie, but he had a butcher shop. And he was wondering should he by the shop because supermarkets for moving into the neighborhood show? What happened Joe to the whole butcher industry when places like Koons market went from the corner store to the local supermarket convenience. Really do have more of what the consumer wants that in not only that. But transportation became an issue where it doesn't pay to stop a truck for one hundred pieces of groceries or whatever. But if if you get say twelve hundred pieces than it pays more to for that truck to stop nephew, try. Do is Philip the trucks coming in into the store to make it the most efficient that you can to keep prices as low as you can. And I also think being a meat cutter is something that people can be proud of. It really is a specialized profession Franken. If you're a good meat cutter. You're going to work for a long time. Yeah. And there's an art to it. It's not just grabbing a slab of meat and cutting in the stakes or or roast the way you trim the way you break things down knowing whether whether joints are where to cut it to make it a good cut, Sears, not all fat, and and get the muscles the correct directions. And so there's a real art to it. And it does take time to learn that art learning how to just count of saw use a knife, isn't isn't the heart isn't the hard part of it. It's the actual trimming. And they've mean, really, you know, when you you should be able to ask you just cut a whole case of for your whole case, and you come out and you take pride in that cutters. Go out there, and they take pride and how it looks and they like to show that to the customer. Hey, look, this is why you know, this cutlass way this what you do with this. At that. And utilizing things in new ways and looking for different cuts try to save some people some money out there that are that are looking to that tight budget. And it's just you know, this real just a a pride too. And it's a career. It's not just the job that's out there. It's a real career. It is a career last thing. So everywhere I went this week. And I put a lot of miles on the vehicle I shall United dairy. I was just out in about in your stores quite a bit. Just tell me what's up with them. Again. I was reading some articles. And I was watching the show on the history channel the United about the American farm and what's going on with the dairy industry right now. Some shit is down. It's it's not it's not critical. Their industry has always been subsidised. Farmers. Right. Upset is by by the federal government. And I think that's one of the cases with the subsidies do some good because in lean times, those those farmers you want to keep them in business because we're going to need them whenever supplies are down. But I think the answer is in in. What do I know? But the, but the answer is in finding other uses for for milk making it before frayed that it's high cholesterol milk. Still good for you mental. I agree. A lot of a lot of people today were raised on milk coming up in a lot of people still are in. It's it's still I I health eat drink healthy ingredient in you know, we we hope that it'll comes back for the dairy industry. Joe Carson from United dairy. They're they're holding strong good strong company. They they'll be. Here. I hope so I love it. You still need it for your cereal for coffee. They make cottage cheese still ice cream still a very intricate part of the the agricultural industry and a commodity a big commodity on Wall Street. All right. Very short break. So today when you think grilling tips and tricks, obviously, some ways to help make that meal better and learning how to get to know your grill. But what do you guys think of when I say grilling tips and tricks, Joe, you I will I prefer convenience either propane or natural gas, it makes it a lot easier to clean up charcoal after after you're done, and it he just the the the seasoning of seasoning the. The way the way your grill builds up week after week using it and so on and so forth, as I think it has flavor to the product doesn't it Frank whenever I mean, a brand new grill will give you the same flavor as grill that you've had for five years. No, no in the seasoning also helps on your racks to where you're not gonna need oil so much because. Yeah, you clean off the particles. There's always that seasoning similar to like a cast iron Skillet. You have to remember the, you know, you might think all might get sick. Or that? I said that grows five hundred degrees when he touched the head when you cut that nothing. Nothing's living on that grow. You know, the matter of cleaning is getting the carbon and the any old seasonings that say, you don't get that burnt taste to your to your food. But and also running with a hot grow. Whether you are cooking with charcoal or gas is just making sure that it's hot because the beauty of it is you see are the outside that meet fast enough. The inside is that deuces get trapped in there can always see your then turn it down the finish. The and the finish the inside of it and close the lid like an often as far. As far as cleaning the brush it right after I use it because it's still hot in early still, soft and brush cleans it pretty well. Yeah. I mean wants to you have take off and hose. Good too. Yeah. But works the best that way. Yeah. Yeah..
"big berkshire" Discussed on Motley Fool Money
"Hi, Becky, hey, Chris, great to hear from you. Great to talk to you as well. So going into this meeting. What is your biggest question for Warren Buffett? You know, I think right now if I had one question I'd wanna put it's what he sees in the economy and earnings because that's one of the biggest stories that's moving the market. I don't think there are any big Berkshire scandals like there have been in some years past. I there aren't burning questions that I have. And I got to talk to him not too long ago about a lot of the Berkshire things that we had covered that we had questions on. So I think right now what I really want to know is what does he see in earnings? What does he see in the economy? He has such a huge portfolio of either companies that he owns that. Right. Or that he owns a major stake in everything from the Burlington Northern Santa Fe railroad to American Express Coca Cola to craft Hines. I mean, there's just so many things that that he has a really good read on. He's got massive holdings financial companies. And that's been big laggard. We had all these spots that we were going to see an earnings recession perhaps. But right now in the midst of earning season turns out that's not going to be the case. I it looks like. Earnings are actually going to come in better than expected and earnings are actually going to see growth, not a decline, and and that's been a big surprise part of the reason you saw so much pressure on markets at the end of last year was because of this idea of potential earnings recession if companies continue to report like they have been doing right now, look it gives all kinds of hope for the market. And that's why you've seen. The major indexes hitting new highs recently, I want to get to all the things that Berkshire Hathaway owns in a second. But let's stick with maybe not a scandal. But certainly a recent problem within the Berkshire Hathaway major holdings, and that's Wells Fargo because this time last year you, and I were talking about that and Tim Sloan who had been there during the credit fake accounts scandal at Wells Fargo, and then was CEO, and then just suddenly resigned earlier this year, and I say suddenly because it was a day or two right after the board of directors issued a statement saying. We're not looking for a new CEO. Tim Sloan is our guy. Sense. This is such a major holding for buffet. How is he thinking about Wells Fargo these days, you know, I it's interesting because I actually happened to be with him on the day that that announcement came out I was interviewing him at a charity function down in Dallas. And we were onstage early in the day..
"big berkshire" Discussed on Bloomberg Radio New York
"So what isn't the president's rhetoric reflect US actions here to tell us more is Toby Harsha, a national security writer for Bloomberg opinion. So we've heard all these disparaging remarks from President Trump about NATO, but what's actually happening as far as US spending and troop deployment. Yeah. There's a real contradiction as Trump disparages, not only the alliance, but also, you know, Marco and the other leaders and his said that that Americans aren't gonna go die for Montenegro, the newest member which undermines the most important principle that NATO was founded on the US has been spending more money on its main. Project that defends Poland and the Baltics and the Balkan states that are sort of on Russia's border. We have sent more troops there as have our allies. There are three sort of NATO projects in three different countries. There. The US heads won the UK heads. Another Germany heads the third. So everyone is everyone is lifting the weight right now and those troops rotate in and out of the of eastern Europe because of a deal that we made with Russia back in nineteen ninety five if the deal that Russia violated clearly by invading, Ukraine. And so now we are talking about positioning the US troops there permanently. Instead of rotating them and Poland is has offered to build us a base to do that. Is President Trump not aware of this? Or is it just not something that he's focusing on right now? You know, he does this. He does this other aspects of the presidency of immigration, and you know, he he says things that rile up his base. He says things I don't want to call the president of the United States ignorant, but he does things out of ignorance things. Just pop out of his mouth. It's really hard to say why he feels that way. Have his comments though, sparked disagreements among the NATO ministers has there been any bad feeling? Well, no, it's pushed them closer together. Nato is a bickering organization in nineteen sixty three the French pull their troops out of it. There's always crises with NATO. But no Trump's disparagement has actually pushed those countries closer together. And on the plus side. They're moving much more quickly to living up to the pledge spending two percent of GT. Ep on the military. And I do think Trump's comments have helped push them that way. It hasn't been all that. So what needs to be done must be a ton that needs to be done. But immediately first thing is is that Trump has to go to the NATO summit in December. He has not confirmed that he will be attending. He's gotta go there. He's gonna make peace with with the other leaders and just a firm that you know, the US will defend any country in in the alliance that is attacked by any other force. Just as the alliance did after nine eleven is that likely to happen is he likely to do that? I think he won't go to say that will defend any any force in any. He did he after the first summit in which he did not say that he has said that the US will honor its commitment the comments about NATO, which which undermine into that leave us in in a contradiction. The relationships that the US has with other nations. Have they been undermined at all by his rhetoric? This rhetoric and his actions, in some cases, I think the worst thing that he's doing about our allies in general is using those relationships diplomatic and military relationships as a cuddle with Korea and Japan in order to negotiate trade agreements and mixing those two things. I think is is just a terrible idea. Explain a little bit. Why they should just kept separate, you know? I think he has legitimate grounds for some of some of what he wants these trade agreements. And in fact, he got it from both Japan and Korea, but in terms of our military presence our naval presence in the Pacific that has to be steadfast. We can't you know, he threatened to pull the US troops out of South Korea. He has set in Japan in a similar way in order to get them both to pay for their for the military aid. But also other trade things, and I just think you can't do that that leaves allies who are right. Next to China allies who are right next to Russia wondering if the US has their back, he stopped those military exercises two years in a row, I believe with South Korea has that happened anywhere else in the world. Not in a major way the NATO exercises have gone as planned. They actually haven't gone very well to tell you the truth the ones summer before last had ridiculous problems. They were trying to move troops from western Europe into eastern Europe. They got held up at border stations. They got held up at customs stations. They got a victim from areas for violating local sound ordinances. There was just no planning the Railtrack's switched, and they didn't know about that the size of the road switch. They didn't know about that. At one point of the top US general involved trying to land in an airplane in Romania, maybe or some country like that they refused. Admittance? They had to go back and land in Hungary. The movie comedy yet. It really is a comedy of errors. Exactly lebron. Well, did a movie about this, right? The discreet charm of the bourgeoisie. This all happened. I haven't seen that in. But who was in charge and fell down on the job? Or was it a lot of people? There's a lot of people. It was a failure of the individual countries in NATO to work together. We'll tell me let me ask you this. If the US had been more present so to speak in NATO would those problems still have happened? Or might have been resolved problems would have happened. They always happen. That's why you do these exercises. Now, they're working, you know, to fix them. I don't I don't see it Russian invasion of the Baltics anytime soon. So they've got they've got time to work on it. Back to the civic, which is what you asked about initially naval exercises are far and away the most important exercises as we saw in the crashes of two U S destroyers last year. The seas are risky, and if you are going to try and work with a foreign navy with Japan and South Korea in relation to something with North Korea. You have to have practiced it many many many times and not doing that is a huge blow. Is there anyone within the Trump administration who is aware enough and bold enough to tell the president that well there were two people? There was there was secretary Mattis, and there was national security advisor McMaster. And they're both gone as well as general Kelly who was the chief of staff, they were the so-called adults in the room and just the kids are left. Toby, thanks so much. That's Toby Harsha a national security writer from Bloomberg of Kenyan coming up on blue. Opinion, while we need to hear more from buffets. Big Berkshire.
"big berkshire" Discussed on Bloomberg Radio New York
"Toby Harsha a national security writer for Bloomberg opinion, coming up on Bloomberg opinion. Why we need to hear more from buffets. Big Berkshire family, I'm June Grosso. And this is Bloomberg. The hottest invitation in town the anniversary sale JC Penney this Thursday through Sunday. Find your new favorite floral dresses, Maxine more with select women's dresses now forty percent off plus coming early Saturday, your chance to get a ten twenty or fifty dollar coupon while supplies last a sale like this only happens once a year so headed to JC Penney at let's celebrate one thousand fourteen officer for eleven to fourteen giveaway, though was only last speech in years older, visions. Applies in store for details. The home depot's making finding your color in choosing the right paint easier than ever with curated pallets of this year's most popular colors and new paint selection, tools online and in store, you can confidently select your color and the tools for your next paid project. Now, get a colorful new experience with the home depots pain, expertise and selection of top quality brands, colors and finishes. Get your pay project. Dun-rite with gallons of bear premium plus for twenty seven ninety eight at the Home Depot. More saving doing US only. See store for details. Let's say you just bought a house bad news is you're one step closer to becoming your parents soon. You'll have a separate fridge in the basement or extra groceries exiled forever. Remember that frozen lasagna? Of course, you don't it's been down there since two thousand eight good news is it's easy.
"big berkshire" Discussed on WAFS Biz 1190
"So what isn't the president's rhetoric reflect US actions heater tell us more as Toby harsh on a national security writer for Bloomberg opinion. So we've heard all these disparaging remarks from President Trump about NATO, but what's actually happening as far as spending and troop deployment. Yeah. I mean, there's a real contradiction as Trump disparages, not only the alliance, but also, you know, Marco and the other leaders and has said that that Americans aren't gonna go die for Montenegro, the newest member which undermines the most important principle that NATO was founded on the US has been spending more money. Main project that defends Poland and the Baltics and the Balkan states that are on Russia's border. We have sent more troops there as have our allies. There are three sort of NATO projects in three different countries. There the US has one of the UK heads. Another Germany heads the third. So everyone is everyone is lifting the weight right now and those troops rotate in and out of the of eastern Europe because of a deal that we made with Russia back in nineteen ninety five if the deal that Russia violated clearly by invading, Ukraine. And so now we are talking about positioning the US troops there permanently. Instead of rotating them and Poland is has offered to build us a base to do that is President Trump not aware of this. Or is it just not something that he's focusing on right now? You know, he does this. He does this other aspects. Of the presidency of immigration. And you know, he he says things that rile up his base. He says things I don't want to call the president of the United States ignorant, but he does things out of ignorance things. Just pop out of his mouth. It's really hard to say why he feels that way. Have his comments though, sparked disagreements among the NATO ministers has there been any bad feeling? Well, no, it's pushed them closer. Together. Nato is is a bickering organization in one thousand nine hundred sixty three the French pull their troops out of it. There's always crises with NATO. But no Trump's disparagement has actually pushed those countries closer together. And on the plus side, they are moving much more quickly to living up to the pledge of spending two percent of GDP on the military. And I do think Trump's comments have helped push them that way. So it hasn't been all that. So what needs to be done must be a ton that needs to be done. Immediately. First thing is is that Trump has to go to the NATO summit in December. He has not confirmed that he will be attending. He's got to go there. He's gonna make peace with with the other leaders. And just a firm that, you know, the US will defend any country in in the alliance that is attacked by any other force. Just as the alliance did after nine eleven is that likely to happen is he likely to do that? I think he will go to say that will defend any any force in any. He did he after the first summit in which he did not say that he has said that the US will honor its commitment. The comments about Montenegro which which clearly undermined that leave us in contradiction. The relationships that the US has with other nations. Have they been undermined at all by his? Terrific both rhetoric and his actions, in some cases, I think the worst thing that he's doing about our allies in general is using those relationships diplomatic and military relationships as a cudgel with South Korea and Japan in order to negotiate his trade agreements and mixing those two things. I think is is just a terrible idea. Explain a little bit. Why they should just kept separate, you know? I think he has legitimate grounds for some of some of what he wants and these trade agreements, and in fact, he got it from both Japan and Korea, but in terms of our military presence our naval presence in the Pacific that has to be steadfast. We can't you know, he he threatened to pull the US troops out of South Korea. He has certain Japan in a similar way in order to get them both to pay for their military for the military aid. But also other trade things, and I just think you can't do that that leaves ally. Who are right next to China allies who are right next to Russia wondering if the US has their back he stopped those military exercises two years in a row, I believe with South Korea has that happened anywhere else in the world. Not in a major way the NATO exercises have gone as planned. They actually haven't gone very well to tell you the truth the ones the summer before last had re ridiculous problems. They were trying to move troops from western Europe into eastern Europe. They got held up at border stations. They got held up at customs stations. They got a victim from areas for violating local sound ordinances. There was just no planning the the Railtrack's switched, and they didn't know about that the size of the road switch. They didn't know about that. At one point of the top US general involved trying to land in an airplane in Romania, maybe or some country like that they refused. Admittance? They had to go back and land. In Hungary, the movie comedy yet. It it really is. It's a comedy of errors. Exactly Louisville welded a movie about this, right? The discreet charm of the bourgeoisie. This all happened. I haven't seen that. But who was in charge and fell down on the job? Or was it a lot of people? It was a lot of people. It was a failure of the individual countries in NATO to work together. We'll tell me let me ask you this. If the US have been more present so to speak in NATO, would those problems still have happened or might have been resolved? Oh problems would have happened. They always happen. That's what you do these exercises. Now, they're working to fix them. I don't I don't see a Russian invasion of the Baltics anytime soon. So they've got they've got time to work on it. Going back to the Pacific, which is what you asked about initially naval exercises are far and away the most important exercises. You know, as we saw in the crashes of two U S destroyers last year. The seas are risky, and if you are going to try and work with a foreign navy with Japan and South Korea in relation to something with North Korea. You have to have practiced it many many many times and not doing that is a huge blow. Is there anyone within the Trump administration who is aware enough and bold enough to tell the president that well there were two people? There was there was secretary Mattis, and there was national security advisor McMaster. And they're both gone as well as general Kelly who was the chief of staff, they were the so-called adults in the room and just the kids are left. Toby, thanks so much. That's Toby Harsha a national security writer for Bloomberg opinion coming up on blue. Opinion, why we need to hear more from buffets. Big Berkshire family,.
"big berkshire" Discussed on Bloomberg Radio New York
"This looming sports update at the Coliseum. The islanders now of two games to none on their best of southern first round playoff series against Pittsburgh after a three one victory over the penguins. Eric good Brunson. Given the penguins nothing lead midway through the second period, but pavilion, even the score at one less than three minutes later than Jordan Everley. Josh bailey. Scored in the third to seal the islander win Bailey's on the power play Robin Leonard stopped thirty two shots game. Three Sunday in Pittsburgh at twelve noon. Friday, none of the worst day for the keys they found out before their series opener with the White Sox that they will be without another key player after they played catcher. Gary Sanchez on the injured list, the slugger dealing with a strained left. Calf becomes the twelfth gangs player currently on the injured list and on the loss of seventeen rain-shortened nine to six contests to the White Sox gangqi stadium during the rain delay. Brian Cashman announcing the dump Potenza has a spur causing inflammation and shoulder. And it's getting a cortisone shot, and we'll be shut down for three weeks. In the game. Jay had failed to make it to the fifth straight start. Allowing six runs on nine hits four innings. Eloy? Jimenez homered twice for the White Sox. The I two of his career Brett Gardner homered for the Yankees. His third the keys of lost four straight. See savannah returns. From the injured list later this afternoon and gets the start for the Ke's after a horrid start this past Sunday when he walked seven and allowed seven runs Zack Wheeler much better on Friday and Atlanta allowing just two runs on six over six innings and helping the Mets to six two win over the Braves. Brandon Nimmo homered and drove into three hits Jeff McNeil doubled in two runs. But that's one three in a row. The top of the leaderboard crowded after two rounds of play the masters Francisco Mullery Jason Brooks, capita, Adam Scott and Louis stays in our invive waits for the lead at seven under for the tournament. Who stays in shot a sixty six Friday while Molinari day both had a sixty seven. And then there is Tiger Woods who has just one Sean lead. Phil Mickelson is at four under will bloom. Sports update. I'm Tom rounders. Weapon being hanging on Bloomberg radio. Bring you news comments and insights from Bloomberg beans worldwide team of editors and columnists on your host, Jim Bossasso this week how President Trump's rhetoric doesn't reflect the great things the US is doing with NATO also on the show while we need to hear more from buffets. Big. Berkshire family flaws how President Trump broke the border policy. But I last month apple.
"big berkshire" Discussed on CNBC's Fast Money
"So maybe apple it's one thirty six then you start looking at the here's the really good news as we head into q earnings season that if you get some of these. Big ones out of the way early and the markets actually, kind of take it in stride than your setup obviously pretty decently to rally out of it. So the worst we get early in January as a continuation of the volatility we saw in December. Then all the news in January is basically priced in because I doubt, but you're going to see too many seven hundred billion dollar companies have guidance as bad as apple there's not a lot of there. Dan, I would just say one seventy two fifty on SMP earns right now, which is consensus is in trouble. And I've been saying this seven percent earnings growth on SMP in a static environment is where we were on that call four months ago, five months ago, even with some pullbacks that to me is the whole point markets are cheap, but they can get cheaper and on a trailing basis every strategists out there telling you how cheap we are. This is exactly where you went going into big. I remember that day you made a great point guy earlier about the two biggest buyers being buffet and the company itself, I do remember when Becky was last interviewing buffet, I think the day that he was going to host the lunch for the person who had had. One the lunch with him. And I think she asked him about apple and he said, well, I'd love to buy cheaper. And you do have to wonder at what point does the buffet organism itself? Right. That whole big Berkshire Hathaway step in take a look at what the shares are doing tonight down more than seven percent and say that you know, we already have the truck full, but maybe we can't pass this up and then the cook backstop as well of buying back more stock. I think they buy back more stock than anybody. Charlie Munger, one of the by four right? There was an interview on CNBC. We're Charlie Munger was upset with Warren Buffett that he hadn't bought more. So maybe they do step in. Maybe maybe Carter's one thirty six level, which is the breakout from before maybe that's the place where you start to see these people nibble with start being greedy when others are fearful. All right coming up. We're going to full coverage of apple throughout the our company warning on first-quarter results with just heard exclusively from Tim cook moments ago..
"big berkshire" Discussed on The Money Guy Show
"A billion dollar gain is nonetheless real meaning that berkshire hathaway appreciated by sixty five billion dollars since last year for dino how big berkshire hathaway is by the way at nod dealt you'd i looked at a i looked at seven hundred and two billion inasa out and three hundred forty eight billion of equity going to take out liabilities and so forth so so you can see tab an increase of sixty five billion is a big via a substantial he goes on he says russ he says but only thirty six billion came from burke shaher's operations the remaining twenty nine billion was delivered to us in december when congress rewrote the us tax code that's a human rights though i like the he says that twenty nine was delivered to us like is mi just hand them a president in a ton of what happened in so what he's saying is in criminal wrong this had the tax code not been changed than there you know their profit or their earnings would have been listed at thirty six billion as opposed to 25 that's exactly right lewis is a big batch of money that has come in their way and in here's what's interesting about this tax change i mean 'cause it you realize we dropped down to twenty one percent for seconc islands i mean that is a substantial drop so this is going to somehow work its way through the economy we'll see it still remains to be seen voted but it's pretty optimistic based upon what would on mr buffet had to say and so you know if if i'm just a normal average everday investor out there and i hear that this company berkshire hathaway i'll last year might have had thirty six billion but now at sixty five billion what are the real world consequences of that how would that affect me as an everyday investor.
"big berkshire" Discussed on KBNP AM 1410
"A huge tailwind for companies clip six dirk if you please you were not at proponent them crushing journalists hattrick lumber you had that burning similarly about what was going to me and by american business it as a huge challenge rene jail lenin it's particularly if they all wound up you've got a big companies have a monster depreciation than components depreciation upfront so it is a it's a big item uh they're not as many companies have lots of appreciation marketable securities but that's a big item for those that do what do you make of his comments they're low uh oh i think you've seem there is a tailwind yes with what it's also meaning for him as as berkshire hathaway released this weekend or according to or a buffet to say that this weekend at the big berkshire hathaway uh announcement of the year prices for decent but far from spectacular businesses hit an alltime high what that means is your companies that are overpriced and so he's not out to buy overpriced things now that might indicate why does he was originally against the tax bill the tax code bill because he knew that this revitalize the company that this revitalized economy while being great for eight in ten americans because even the tax policy center which leaves little left acknowledge that eight in ten americans we're going to look forward could look forward to uh uh a tax cut but maybe he believed in this would expose warren buffett as a bad faith commentator but maybe he believed all along that he had to go against the tax cut bill because once approved so great would it enhance the economic circumstances of so many that by default they would have that much more money to spend therefore that many more stocks would be purchased and therefore he was aware that that elevated uh uh prosperity for folks might prove disadvantageous to him and if that's the case he's a piece of crap warren buffett is or am i overstating it well look good at warren per 100 made a lot of money uh thanks to favorable government regulation for example stopping the pipeline down from canada gave a great deal of money to his ownership of northern uh of the northern railroad that hips the money in the have every oil in the absence of regulation or our and allowing the pipeline so a lot of.