Omaha. Class a stock up more than 11 so far this year and that, of course, outperforms the major averages. Our becky quick is live in the aforementioned omaha. Hi, becky. Tyler, thank you very much. Warren buffett is called the oracle of omaha for a reason, he made a lot of money for a lot of people. He had a gain of 24. 8 in shares of berkshire. That may not sound like a lot but it crushed the return on the s p 500. He built up millionaires over time and a lot of those people have loyalty to him. That doesnt mean every investment he makes is a winner. He is the first to admit he made a lot of mistakes. The winners start out looking like losers, too. The jury is still out on a stake hes been building up over the last 4 1 2 years, ibm. Right now it looks like a huge loser. He built up an will 8. 5 stake in the company itself and hes done that at the average price of 1 p 170 a share. For now, buffet is standing by ibm. We feel fine or we wouldnt own it. And we never sold a share of ibm.
Members. Profittaking could be a motive and remember oil rallied 27 in april. Drug prices are under fire on capitol hill. As you well know, glak glak sews an dry witty will be talking. Jackie deangelus has a story from us from the nymex. Good afternoon. Closing under 45 dlp a barnlts. You mentioned opec. Thats certainly the big story today. Analysts sur vaved expected to see opecs production going up from march. Traders tell me theyre not surprised by that at all. If we do see some sort of a freeze or accord, of course, these producers want to freeze at record levels so they can continue to pup its economic for them. Whats going to influence oil within the next month or so, certainly supply. The dollar weve been discussing all day as well. Thats another piece of it. The dollar index is support ivg of crude prices. It could take us higher, especially if the dove continues to be. I know youve watched the gas prices closely. Theyre going up. Consumers are expecting to hit the road. Theres
But the man who called the bullion breakup said there is a better way to play gold. The options begins right now. Okay. Lets get to it. Incident was the one thing captivating main street. It wasnt apple. Walmart testimony hard today on very little news. Issed tumble today a broader warning for the economy and for the market . Lets get in the money and find out. Dan, what do you say . I think there was a lot of things going on with walmart today. The stock was down 3 . The largest decline since february 18th when the Company Reported a disappointing q4 and guided down for the full fiscal year. It is up about 9 on the year. 3 dividend yield. Trades about a market pell. Fiscal 2016 was the first year that had annual sales decline since 1980. Theres a lot of things going on. Amazons results speak to a little bit of taking share. Walmart up 9 makes me a little nervous. I think you could retrace the 25 move off the bottom in november. And 25 off. Yeah. Big asset moving that much. Obviously h
15month low. Australia cutting rates, auto sales on the way. Roadmap begins with tim cook. He joined jim on mad money last night covered everything from innovation to china to revenue to the companys value. Global data driving futures. Well tell you what to expect on wall street today. And shares of aig down in the premarket after earnings. Peter hancock will join us live. First up, tim cook defending app apples latest results and the stock mired in a slump. He was on with mad money last night. If you talk about macroheadwinds, difficult compares dominant. Yeah. Currency, no new iteration yet. If youre going to be opportunistic wouldnt you say let all the hedge funds blow it out and then well make a statement . Well, opportunistic to me means you buy it when you think the companys undervalued. We believe the companys undervalued. All right. I got to get your thoughts on what he said and whether it changed your view in any way, whether it should change other peoples views. I think if yo
I see a letter and i want it to be black and no colors that i want to turn black i see the girls standing there in their summer clothes i have to turn my head until my darkness goes good thursday morning. Welcome the squawk alley. Kayla tausche is live for us at 1 squawk alley and shes han a exclusive with jack dorsey on the closing bell, and meanwhile jon fortt and myself at post 9 and Henry Blodgett ceo and finder with insider h, and a lot to to get with us. And start with the alibaba shares after the revenue jumps 39 helped by the gross merchandising value, and that is after jim chanos at the sohn conference say said that he is shorting i. We are short. We are short because of accounting reasons, and we have question questions about the met u ricks and real questions on the cash flow, and most importantly, the biggest part of the business which is the fulfillment part of the business delivering the package is unconsolidated on the financial statements, and we dont see how profitable