Since january 1987, perhaps maybe we should stop worrying so much about how much this market has already run because if you take a longer term perspective, maybe you havent missed as much as you think. Those are fabulous words to live by, and they come from none other than Warren Buffett, the oracle of omaha, and the greatest investor of my lifetime. Between buffetts annual berk her hathaway letter this weekend and becky quicks amazing interview with him on squawk box this morning, we got more investing wisdom than most people can consume for years to come. While it would be impossible to summarize, i feel compelled to talk about buffetts comments if only because its so imperative that you read and watch this man. Hes too great. Hes too smart, and hes too well informed to ignore. First i want to start out with the bombshell he unloaded right at the very beginning of the interview this morning. The revelation that Berkshire Hathaway now owns 133 million shares of apple, putting the posi
Europes pretty mix. Tenyear above 2. 5 and inflation finally returns to japan, 0. 1 on their cpi. Roadmap begins with a pause in the rally. A cnbc exclusive with wilbur ross on how trade changes in a trump white house. And snap day two, the stock soars in its debut and now news that Nbc Universal, our Parent Company, making a strategic investment in the company. And a dramatic scene at caterpillar headquarters, offices raided by federal agents. The latest on that. Stocks looking to bounce back from biggest oneday decline since january, but s p and nasdaq each on track for a sixth consecutive weekly gain. Dows on pace for its fourth positive week in a row. Earlier on squawk this morning the new commerce secretary wilbur ross commented on the postelection market rally. I think the markets have given a pretty clear endorsement of optimism coming from the new administration. I dont think theres any doubt about that whatsoever. And in fact Election Night we were with carl icahn and some oth
Im going to be interested in the contrast between Monetary Policy and the skinny budget. The first budget from the Trump Administration, it will be fascinating to see. Alix and dynamic scoring. Here is where we are stacked up. 2. 5 hours before the open in the u. S. Equities softer, s p futures off. 10year yield on the margin, the basis point down. 1 ascatching a bid, up 1. The pound recovers. Europound was down for a while and is now reversing. Im taking a look at where volatility is nowhere, up by just. 5 . Goldman sachs says buy copper and oil, market not listening. A 60 losing streak, the longest since november. Kicking off this big week for Central Banks, our guests. To me, the big question is 2018. It shows the possible rate hikes the markets are expecting. For 2018, we are just over to michael. What is it going to take for the fed to move that line . Its going to take more clarity on the fiscal front. An interesting disconnect is it being pulled up on fiscal but not expecting th
Central Bank Meetings later in the week. In advance of that theres not as much trading going on. Were seeing volume on the s p 500. About 15 below the 20day average. Were not seeing a lot of action here today as people are amazing those big news events. Also trying to figure out how to get into work tomorrow. If you look at the range in the s p 500, youll see that we once again see this tightening range for the s p 500. Now on the 103rd day that the s p has gone without selling at least 1 . Also related to the weather, were seeing some movement in the airlines. Downward movement as American Airlines cancels all of its new york city flights for tomorrow. And you can look at american, u. A. L. , and delta all trading lower. Flight aware dotcom reports that nearly 1,400 flights have been canceled today and 3,800 tomorrow. Not just new york city but boston, philadelphia, chicago being affected by some of these cancellations as well. Well continue to watch the airlines. Getting outside of s
Central Bank Meetings later in the week. In advance of that theres not as much trading going on. Were seeing volume on the s p 500. About 15 below the 20day average. Were not seeing a lot of action here today as people are amazing those big news events. Also trying to figure out how to get into work tomorrow. If you look at the range in the s p 500, youll see that we once again see this tightening range for the s p 500. Now on the 103rd day that the s p has gone without selling at least 1 . Also related to the weather, were seeing some movement in the airlines. Downward movement as American Airlines cancels all of its new york city flights for tomorrow. And you can look at american, u. A. L. , and delta all trading lower. Flight aware dotcom reports that nearly 1,400 flights have been canceled today and 3,800 tomorrow. Not just new york city but boston, philadelphia, chicago being affected by some of these cancellations as well. Well continue to watch the airlines. Getting outside of s