Street. Im Carl Quintanilla a strong close with buffett on squawk. Fed chair pal on the squawk tomorrow we begin with futures pointing to a sharply higher open on the twoweek rally and buffetts advice for the longterm investor despite volatility, buy equity, not bonds. Ge is planning to restate three new candidates to a streamlined board of director. And the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. Buffett is one of the big stories of the deal saying Berkshire Hathaway received the new tax law. Heres what becky said earlier on squawk. We had about 100 billion of unrealized gain in equities. Now, when they are sold, you pay tax on that. And previously when the tax was 35 , we would have had a 35 billion reserve for taxes against that as a liability. That would drop to about 21 billion. So 14 billion roughly that was a reduction in the amount of tax that when we saw those securities, we will pay. It wasnt cash now, but it reduced the
State of the Union Address last night. And i have to say, he did all white. [ laughter ] i mean, look at em. I havent seen old white guys that happy since the last tom clancy book signing. [ laughter ] yup, President Trump gave his state of the Union Address last night. And Bernie Sanders hasnt looked this unhappy since since the last time we saw Bernie Sanders. [ light laughter ] after the state of the union, President Trump was caught on a hot mic yesterday saying he plans to release a controversial memo about fbi surveillance. Incidentally, hot mic is something this man has never been called. [ laughter ] you mean hot mike . No, not him. Following the state of the Union Address last night, eric trump said in a new interview that he was focused on the democrats during the event. As opposed to melania, who was focused as always on an imaginary spot 1,000 yards away. [ laughter ] [ laughter and applause ] [ cheers and applause ] the Fact Checking site politifact crashed last night when
State of the Union Address last night. And i have to say, he did all white. [ laughter ] i mean, look at em. I havent seen old white guys that happy since the last tom clancy book signing. [ laughter ] yup, President Trump gave his state of the Union Address last night. And Bernie Sanders hasnt looked this unhappy since since the last time we saw Bernie Sanders. [ light laughter ] after the state of the union, President Trump was caught on a hot mic yesterday saying he plans to release a controversial memo about fbi surveillance. Incidentally, hot mic is something this man has never been called. [ laughter ] you mean hot mike . No, not him. Following the state of the Union Address last night, eric trump said in a new interview that he was focused on the democrats during the event. As opposed to melania, who was focused as always on an imaginary spot 1,000 yards away. [ laughter ] [ laughter and applause ] [ cheers and applause ] the Fact Checking site politifact crashed last night when
Worth more than 1 million. Why hes learning the art of being a little more careful. Today, august 25, 2015. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. Good morning, everyone. Welcome to today on a tuesday morning. That moment as a parent are you saying, oh, honey, what did you do or do i know you . I didnt bring my son today. There is a tensecond period where the kid tries to think, maybe nobody saw this. Anyway, well show you more of it later. Lets get to the top story. Mayhem on wall street sparking fears amid a massive selloff. This time lapse shows mondays roller coaster ride with wild swings. What can we expect . Cnbcs jim cramer is at the Stock Exchange this morning. Good morning to you. Good morning, savannah. Yesterday wasnt for the faint of heart. Do you expect more of this . No. The opening will be very strong. A lot of that is because china cut Interest Rates just now. Europe looks stable. Frankly, as
And National Correspondent peter alexander. What can you tell us . Reporter good morning. Aides within the white house have said the Vice President earned the right to take all the time he needs to consider a 2016 run. Overnight one senior democratic source tells cnn president obama gave biden his blessing at the weekly lunch yesterday to go for it if he wants to. A spokesperson for biden says sources are just speculating anything about. This morning the buzz about a possible biden bid is building. The latest leak that the Vice President will reportedly huddle privately with top democratic donors at his residence after labor day, adding with the drum beat that began with his not so secret weekend lunch with elizabeth warren. Who would the president back his Vice President or former secretary of state . Josh ernest said the president respects and admires clinton but heaped praise on biden. There is probably no one in american Politics Today who has a better understanding of whats requir