It is a company you know run by an investor whose become a household name. Its berkshire ha the tthaway c the 200,000 barrier and popped at 202,850, up 241 today alone. The next highest is seaboard goes for around 3,000. Todays gains give it the third highest market value, bigger than wells fargo, bigger than johnson johnson, and a whole lot more. It means one share of berkshier could buy a six bedroom, four bathroom in omaha or four years of tuition at an average private school. How about a ticket aboard the passenger spaceship, when it finally takes off or trade that one share for a brandnew 2015 bently continental gt with just enough left over to fill up the gas tank. Its probably not a car buffet would catch himself in. Buffet likes it that way. Does it make sense to buy brekshire stock or take profits . The chief officer at wedge wood officers. David, nice to have you with us. You know, looking at the performance of berkshire shares are up 13 , much more than the s p and dow. As a
Been before. It is a company you know run by an investor whose become a household name. Its berkshire ha the tthaway c the 200,000 barrier and popped at 202,850, up 241 today alone. The next highest is seaboard goes for around 3,000. Todays gains give it the third highest market value, bigger than wells fargo, bigger than johnson johnson, and a whole lot more. It means one share of berkshier could buy a six bedroom, four bathroom in omaha or four years of tuition at an average private school. How about a ticket aboard the passenger spaceship, when it finally takes off or trade that one share for a brandnew 2015 bently continental gt with just enough left over to fill up the gas tank. Its probably not a car buffet would catch himself in. Buffet likes it that way. Does it make sense to buy brekshire stock or take profits . The chief officer at wedge wood officers. David, nice to have you with us. You know, looking at the performance of berkshire shares are up 13 , much more than the s p
Minimum wage to 9 an hour, up from 7. 25. The plan was unveiled in the president s state of the Union Address last night. And today it rekindled a nationwide debate of whether the measure would help or hurt workers and businesses, and the economy. Darren gersh reports. Reporter supporters of a higher minimum wage increase point to studies showing little impact on employment after the pay at the bottom of the job market goes up. One reason is that employers may actually come out ahead when they are forced to pay workers more. Productivity and Job Satisfaction improve and turnover falls. So employers get to reap the benefits of lower hiring and firing costs, lower turnover costs. Hiring and firing is actually very expensive to companies, so if you pay people a little higher wage, they have more job stability. Thats actually good for everyone. Reporter of course, were talking about economics, which means there are other studies that show a minimum wage hike is most likely to hurt those wh
From 7. 25. The plan was unveiled in the president s state of the Union Address last night. And today it rekindled a nationwide debate of whether the measure would help or hurt workers and businesses, and the economy. Darren gersh reports. Reporter supporters of a higher minimum wage increase point to studies showing little impact on employment after the pay at the bottom of the job market goes up. One reason is that employers may actually come out ahead when they are forced to pay workers more. Productivity and Job Satisfaction improve and turnover falls. So employers get to reap the benefits of lower hiring and firing costs, lower turnover costs. Hiring and firing is actually very expensive to companies, so if you pay people a little higher wage, they have more job stability. Thats actually good for everyone. Reporter of course, were talking about economics, which means there are other studies that show a minimum wage hike is most likely to hurt those who need it most. Critics point
The nasdaq pulling back from yesterdays 13year high, down 9 points at 3,598 on the nasdaq. The market pulling back from the record highs ahead of the Federal Reserve chairman Ben Bernankes congressional testimony tomorrow. Thats what well all be focused on. Bob has been covering the Market Action all day. I guess it cant go up every day, right, bob . No, thats right. The important thing is, record high, a modest decline. I think thats important, given the caution weve heard. Look at the Dow Jones Industrials average. A fairly narrow range. Esther george, head of the kansas city fed, came out in the middle of the day talking about tapering sooner rather than later, but a wellknown hawk on this issue. It didnt move markets that much. Maybe 30 points on the Dow Jones Industrials average. We ended just slightly to the downside. Theres the dow. Other things here. Weakness on earnings. Four sectors that mattered today. First, the fertilizers. Mosaic came out. Prices for fertilizer were down,