Trim apple and sold off paramount at a loss. Speaking of paramount, the company is, or its special committee is opening up negotiations with sony and apollo. Theyre also talking with skydance as well about their bid for the overall company. From here at the Milken Institute global conference in los angeles, the next two hours, were going to be joined by marc rowan, David Solomon, and darren woods. So, nice lineup ahead, guys. Lets begin, david, with buffett and apple after that stocks friday rally. Berkshire says it did trim its stake by about 13 to just over 135 billion in q1. Didnt stop buffett from praising apple at the meeting over the weekend. Take a listen. At the end of the year, i would think it extremely likely that apple is the largest common Stock Holding we have now. When we look at cocacola and American Express and apple, we look at them as businesses. Now, theres differences in tax factors, managerial responsibilities, all sorts of things, but in terms of pulling your mon
The bond market has been sensitively tuned to every jobs report or every jobs indication we have with the jolts and the adp number. The jolts showed a stronger number when it came to jobs. As we head into that, you see dow futures up 26 points. S p up 4. Nasdaq up 21. The treasury market, again, everybody is watching. 10year treasury is 4. 27 . The 30year treasury is below that at 4. 91 . Crude oil prices have been down. Wti is trading at 82. 40. We have been north of that this week. The demand picture is the question. The supply picture turned to the demand. We decided it was supply. Demand. Iaea showing a backlog of gasoline. As prices get higher, are consumers less able or willing to pay for gasoline or cutting back on driving . Fascinating if you believe the fed is not driving any more, then a soft jobs number and that doesnt mean yields fall. You suddenly believe the fed will keep rates higher for longer. This is what mary daly said yesterday. She said we will get it back to 2 . T
We have a mega deal in the oil patch. And is it the time to buy tech . Citis upgrading the global tech sector, suggesting a recent pullback might be a good opportunity. Well talk through that as well. Lets dive into the jobs number. As we said, 336,000. We were looking for somewhere in the 150,000 range, jim. Hospitality, up 96. Government, up 73. You cant stop this thing. Hospitality is very interesting because a lot of the people feel the travel and leisure bull market ended two months ago, and yet its just the analysts. Because whether it be cruise, hotel, restaurant, the numbers are great. And everyones just predicting, well, that cant last, cant stay this way, and its always the same litany. Its student loan, consumer strap. It hasnt happened yet. What youre seeing are numbers which are still indicative of what the companies are saying, not what the analysts said the companies are going to say. No gibberish here. This is this economy is so hard to kill. It really is. You know, do
Entertaining, but they oftentimes really dont get out. They really dont go anywhere in the polls. Harry enten, thank you very much. Thank you. And thank you for watching news night. Laura coes live starts right now cnn Breaking News we are breaking night, waking news tonight out of Los Angeles Police at ucla are preparing to order proPalestinian Protesters to end their encampment. We are seeing a Massive Police presence begin to arrive at the campus. And it seemed that might seem very familiar to all of us to the nypd show of force just last night at columbia class that ucla, were already canceled today after a violent confrontation broke out between protesters and counter protesters overnight. And now were told that classes will be remote for the rest of this week. I want to go right to cnn and nick watt on the ucla campus. Nick, what are you seeing . Were seeing a Crowd Gathering right now and were hearing chants. Tell me whats going on what laura, we have just seen about dozen or tw
Tech bouncing back microsoft and alphabet up sharply. Plus the Biden Administration is awarding micron 6 million in federal grants to boost production of chips in the state of new york and idaho. Were going to discuss all that with microns ceo. Hes live at post nine and the oil giants, exxon and chevron, both posting lower First Quarter profits. Mike wirth will join us this hour well go over those results. Lets begin with the markets and this mornings inflation data, highly anticipated, jim, not just core pce but best couple of months on spending in about a year look, this is a front frontsybacksy day versus what we got im going to mention somebody. You tell me if you agree pangloss pangloss. Panglossian number. Were taking the s. A. T. This morning . Thats where youre starting the show today on this friday in late april you want to explain that to everybody else the bonds are right i have to tell you, carl, last night im sending a note to ruth in the middle of the night, fantastic. Al