Begin with the oracle of omaha well start with the trimming of apple shares hes got more than 900 million we totally get it. Its not like buffetts bailing on apple in any way. It did sell about 36 million shares what is this, do you think is it simply Portfolio Management i think thats exactly right, scott. Its Portfolio Management. Apple being one of the most liquid stocks in the world on any market he could have sold a lot more than that if he had wanted to. So this is just, look, the stocks had a great run, hes pairing back a little bit, got a lot of cash. What i found kind of surprising is that with that much cash, actually not surprising but confirming on the value of the market is that he really hasnt made any big acquisitions. Hes only said hell only buy his stock if he cant find anything else to buy they scooped up 9 billion of their stock in the last quarter. They continue to buy back a lot of stock i do wonder even at the margins, ty any, if this is in any way a statement tha
Schools closed live on the ground with the very latest power lunch starts right now thanks, mel. Welcome back im Brian Sullivan dow hitting session highs up 110 points s p 500 trying to make a fourday losing streak, industrials, energy and tech leading Consumer Staples and utilities lagging. Individual companies to watch include lululemon. Shares soaring beating estimates, boosting outlook. Dollar general a nice bump topping expectations and check this ut. Ge up 2 unfortunately, because the struggling industrial giant saying it will lay offanother 12,000 people. This tile, tyler, in its power division. Thank you, brian. Bitcoin, bitcoin, bitcoin. A rhyme i could make but i wont. Wall street and main street getting caught up in the frenzy. Bitcoin, hitting 16,000. 16,000 for the first time today. Then just moments later, 17,000. And then 18,000. Then 19,000 on coin banks. Right now, on somebodys base, its 15,360. Mr. Pus pisani at home base. Keeps going up and up, firms involved in futu
Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway through the year, hot weather inflation targets might need to be raised. Obviously been a lot more debate and have had systems since then about this it may not be an imminent issue, it may be something the feds may be discussing over the coming years. Some sort of change to the inflation target second of all, the amount of stimulus tools that the fed may have at its expo sal are fairly limited. One of
The market is underplaying the risks of higher rates. Are we heading to 3 on the u. S. 10 year. The u. K. Warns the European Union warns another financial crisis. Can brexit end will for the city of london . Shining a light. The eu market regulator announces a lastminute delay to our changes to the darf trading limits. Is mifid now a mess . Matt lets look at futures. From where i am sitting it does not look like it will be a good open, a rainy day in frankfurt and down on the futures across the board. Futures are positive, but for the most part down and that is understandable after a long march higher in equities. The s p 500, up six day sin a row. Six days in a row. Is treasury trades, guy, where it gets interesting, looking at 2. 559 . So, that yield going above 2. 5 and staying there. The question is, how much higher do we go if we are looking at the end of the bull market in treasuries . Guy it is probably 3 winning to be looking at as the line in the sand. The Australian Market wa
Against leo messi. Plus kickoff reporter ed mccambridge. And that explains he examines a most british matter have you ever wondered why england scotland Northern Ireland and wales have separate football tapes plus a man on the street some get away. He talks to fans in berlin who support clubs far away from. His and could push them healthy and fit. In todays kick off the lynas with turkish roots the best of britain but we begin with a born and bred place for months and nigeria. Were illegal. For me if i can really compete against the best of the best. The central defender is ready to rock in russias upcoming world cup. For me means so much to me so. Here you share a group of argentina who have leo messi. Has lee on the defender been having nightmares about lille the striker forcedly over concern about leon you could say you might have been. But theres only one way to find all the answers and thats to. Himself what does he think nigerias chances are in russia. But its so cold outdoors. K