It is fascinating. Berkshire hathaway has 116 billion in cash. Hes not sure what to do with it. He wants to make deals but everything is too expensive. Buffet also made 29 billion well, the company did with the tax cuts. Whats he going to do with that . Give it to shareholders . Dont know. Warren is not a big fan of tax cuts. And we expect to hear a little bit later. The Florida Shooting will be discussed arming trained teachers, limiting gun purchases to people 21 or older, and the apparent break down of Law Enforcement during the shooting rampage itself. All to be discussed. This is Varney Company monday, february the 26th, and we are about to begin. Stuart its wonderful to be back, you know . Liz welcome back. We missed you. Stuart i look well . Ashley rested. Liz yeah, you look good. Stuart what do you want . Ten bucks or 20 . Liz and charles, if youre watching, thank you very much indeed for picking up. Liz sure. Stuart during my week of absence. It will not be repeated. This is m
We are up off the lows of the session actually. Still seeing a decline. We were seeing a drop of about into thisprices going report. Usually it takes a little time for it to shake out. Out later where oil is trading. Whats going on in the stock market today. A little bit of a drowned downdraft. You into thee bloomberg and take a look at the groups on the move. We were just talking about oil prices and energy has been one of the drags in todays session. Discretionary stocks are weaker. Financials are weaker in the wake of earnings from j. P. Morgan and citigroup that the estimates. There were some disappointments in the numbers and Telecom Stocks falling. Lost videot had subscribers last quarter. Weve got them strength in utilities industrials and consumer staples. That is the balancing act we are seeing at the moment. Toside of stocks and forgot mention bitcoin rising to a record yet again. 5,200 for one bitcoin. Jamie dimon when asked about that coin said, im not going to talk about b
A warm welcome to you. This is Worldwide Exchange on cnbc im wilfred frost. Sa sara is off today. Lets get to the Global Market picture. Losses yesterday the dow was down 0. 2 . The s p down 0. 4 the nasdaq the laggard down about 0. 6 it was a broad selloff 10 out of 11 sectors were down te telecos were the worst sector. But we had had six straight gains for the dow and s p, and decent gains last week for all three indices. This morning were pointing higher just under a tenth of a percent for the nasdaq and s p the dow up 0. 2 this morning we saw yields get close to 2. 4 the back end of last week, but we slipped back a bit. Rising a fraction. Still not above 2. 4, but 2. 39 you can see that pick up in yields weve seen over the course of october. Lets look at asian equities japan was the stand out performer yesterday after shinzo abes resounding election victory. Today up about a half percent. Hong kong down 0. 5 . Shanghai slightly higher an update from china on the latest out of the c
Solid ground. Vonnie lets get back to the storm and controversy over trumps abrupt firing of james comey. Mike pence just telling reporters the firing was the right decision at the right time. We also follow swift reaction from both sides of the aisle. Absolutely laughable. Fails to pass any smell test. Both parties, at different times, have called for the mr. Comey. F this is not watergate. No one is happy with this performance. I think it is time to take a new direction at the fbi. The timing raises some questions. Because of the interference by the russians in our election. The idea that you take the person with every other spots ability, including the budget of the department, and somehow it all falls apart, that is not how organizations work. I do not believe the system has been compromised, but i believe at different times at different reasons, people ask for a new fbi director. Now they will get one. There needs to be a special, independent prosecutor who can be insulated and pr
Of the heart and bonnie tyler belts out her classic total eclipse of the heart to lucky fans chasing the eclipse, as it sweeps over the us. Good morning. Its tuesday 22nd august. Welcome to bbc newsroom live. President trump says the us will fight to win in afghanistan, as he unveils a new strategy in the war against the taliban. In a major speech last night he said that he had changed his mind about withdrawing troops from the country. He also called on nato allies to do more. Our washington correspondent Aleem Maqbool reports. The man who always said he didnt want to intervene abroad came to announce the intervention in afghanistan is going to ratchet up. But said it was for the right reasons. We are a partner and a friend, but we will not dictate to the Afghan People how to live, or how to govern their own complex society. We are not nation building again. We are killing terrorists. He announced the lifting of a cap on the number of us troops in afghanistan, and that there would be