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
Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.
treated or not treated. there are cries for alvin bragg to file charges against a 24-year-old marine veteran, who put neely in a choke hold after he was acting erratically. this is part of a rigorous investigation and we ll review the medical examiner s report, access all available video and photo footage, identify and interview as many witnesses as possible and obtain medical records. this is being handled by senior experienced prosecutors. here is kathy hochul. it was horrific to view a video of jordan neely being killed for being a passenger on subway trains. i don t care about labeling it, looking at the video, you know it is wrong, no one has the right to take the life of another person. alexandria: kathy hochul and alvin bragg have received backlash. we are investigating this situation. let s let the da conduct his investigation with law enforcement officials to really interfere with that is not the right thing to do and i m going to be responsible and allow them
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
From the federal government. But the news that three firefighters have been killed and others are injured. More details as we get them in. Theres been a dramatic turn in the shooting of a murder suspect in san jose. Police are now backing off their initial story of what happened. This is raising questions about the officers response. Kpix 5s devin fehely with the new video that is sparking debate. Reporter the Police Department initially said that the suspect appeared to be reaching for some type of weapon in his waistband. But 24 hours later they had to walk those comments back and admit that he had his back turned and was running away when the first shots were fired. The cell phone video captures the chaotic moments after richmond jaquez was shot monday night. When officers gave chase, jaquez was already a suspect in one murder and they feared on the verge of committing another. Their explanation about why officers opened fire the officers chasing the suspect and the suspect reaches