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
Not to prosecute Hillary Clinton. Lawmakers calling for emergency hearing on capitol hill. David that should be fun. The fed says again it is in no hurry to trade rates. Scott shellady watching trade on oil and gold. Cme. And lori rothman on the floor of the new york stock exchange. Lori, first to you. Thanks, david. Great to see you. We end up on a up note. What a reversal of fortune. The dow is off 12points at the low. 127 points at the low. A lot had to do with fet minutes from the the latest meeting. Fed is in no her to race rates. Amazon proving it runs things in the retail world. Amazon hitting another lifetime high, just one month after doing that already. And son way outperforming the s p 500. And then you have this analyst at Suntrust Robinson upgrading price target to 775. Closing at 737. You see that is a lot of elbow room for amazon. Look at biotech. Lifted nasdaq index. A big theme rising drug prices should lift what has been a struggling sector of late. Biotech names with
There its closed in observance of the columbus day holiday. Our road map this morning starts with, of course, the markets, attempting a fresh start after logging one of the worst weeks of the year. Looking ahead to financial and technology earnings. The first case of a person contracting ebola on u. S. Soil has been confirmed. A complete report in a few moments. Fear cry automobiles marking the return of a chryslerrelated stock no the u. S. Market. In the meantime, new era here at cnbc. We have a new look debuting today from our ticker to market boards. Youre going to see different looks through the day. Your chance to get closer to Sara Eisen Simon hobbs funny faces. And figure out whats going on in the corner of the screen at all times. Bulls hoping to put a week of worries about Global Growth behind them. Dow falls 2. 7 , erased gains for the year. For the index people care about, the s p and nasdaq, they had bigger losses, suffering its worst week since may 2012. Earnings seasons r
Were okay to have this hit on the water supply. Reporter pleasanton city leaders will meet next week to talk about delaying a project that would build 1300 homes. Its not our place to stop economic growth. Reporter east bay m. U. D. Says its just the water supply not a politician and they say, yes, there is enough water in the long run to support new homes. We have to both the long term and shortterm needs and even though it sounds counter intotive. You cant just grow indiscriminately when you dont have enough water for people already here and adding mo. Its putting too many people in a boat and everybody goes down with the sinking boat. Reporter east bay must says the state never stopped development of because of this or any other drought in the past. They say if the start starts doing that now, it could have a major impact on the Housing Developments projects across the state. Live in san ramon,da lin, kpix 5. The east bay m. U. D. Waterboard will decide whether to accept san ramons
100. Rescue efforts in nepal are hindered by after shocks following a massive earthquake that killed thousands of people leaving thousands sleeping out in the open. And welcome, everyone, to the show. You are watching worldwide exchange. A lot to talk about this week but first, wilfred, nice to have you back. I know. Weve been on different schedules last couple of week. There was a lot of konkl from the deutsche capital. I love it. It was great coverage. Having been away for a little bit whether it was holiday or election focus, it does make you think again about where markets are and im pretty bearish is. I dont see what there is to be positive about in the markets around the world. The shanghai market this morning hit a 7year alltime high and weve got the european markets on a tear as well. I dont think thats justify. The nasdaq stole the spotlight last week. Hitting a new high, sur parsing a level back in 2000. The sector continues to move higher. On your point, i think there is a l