John fortt is live in las vegas at this years Consumer Electronics show so much news coming from ces today, bringing us to faang stocks joining us this morning to talk about it, btigs managing director, andy hargreaves, Senior Research analyst. Good morning to you both on ces, so many of these names are presenting this week, are having workshops for developers, and unveiling ostensibly technologies that are going to drive earnings higher. How much of a catalyst is ces this week . Theres always something that becomes the theme of the show, but it doesnt always necessarily translate into a lot of revenue and Earnings Growth we talked about Artificial Intelligence and the goggles that people were wearing a couple of years ago for virtual reality, excuse me, and didnt really materialize in anything that significant for these companies. So its fun to see new products and hear a lot of the teams update investors to start the year off, but i wouldnt get too overboard on it impacting 2018 or g
Good tuesday morning. Welcome to squawk alley, joining me is jon fortt and sara eisen. Also joining me walter eisen and a lot to get to with walt this morning. Among it, apple, as berkshires Warren Buffett nearly triples his stake in the company to more than 19 billion. Stock hit yet another alltime high this morning. Walter, lets take a quick listen to what buffet said amid all of his mea culpas of miss in amazon and missing alphabet why he is increasing his stake in apple. The shares when we bought them were much more reasonable in relation to current earnings. Apple didnt have to do a lot better in the future than they were doing at the current time. When you get into a google or amazon, you are paying for the future more. The future may be more than justified. So, walter, here we have a very smart man who laments missing a big chapter in tech, doubling down on this one. What does that tell us . Well, it tells us that apple is a very secure, stable, good company because Warren Buffe
Hour. Also joining us, former apple evangelist, guy kawasaki. The headline on barrons, are unicorns killing the ipo market. 31 companies have gone public so far this year compared to 69 at this point last year. 115 in 2014. The article speculates that rising regulation along with an excessive amount of vc money as culprits for the slowdown. Mike, as a barrons alum, what do you think they are trying to tell us . I think they are trying to weigh in on what this means for the markets and just what kind of market environment were in. Not so much about that kind of corporate strategic decision by a private company whether we should come public or not, but as this piece points out, typically when you have had one of these droughts in ipos its been good for forward market returns because it means the market is not very frothy, not looking for the next hot thing. Im sure you can go to an opposite extreme and say its kind of an unhealthy market if nobody feels as if its worth going public. Its
Rejecting an offer from Charter Communications saying it will only be interested in 160 per share. And can francois ohland deflect attention from his love life . The french president is due to present reform for the ailing economy. But will affairs of the heart get in the way . Announcer youre watching worldwide exchange, bringing you Business News from around the world. Well, it was a far more decisive start to the equity trading session this morning. The unfortunate thing is its in the red. As you can see, 9 to 1 reds to greens taking the stoxx europe 600 down by around 0. 6 so the in the first hour of trading today. Lets take a look at the individual performance of these markets. Red. Red across the board. The ftse 100 down 50 . Remember, were going to be looking out for cpi data shortly for that. German market down 0. 7 . And the cac 40 taking their lead from both asia. I mentioned the nikkei there, but also the u. S. Session far weaker as investors likely paired some risk ahead of