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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 quar ....
Been this year. Atcoin racing ahead, sitting a price level we have not seen since nearly three years ago. But, maybe investors taking a pause is the right thing to do. Sales u. S. Retail reminding us that another round of stimulus has not yet been passed. Sales gained. It is a tugofwar between vaccine boom and virus gloom. Joe things are not great in the short term. In the longterm, the vaccine making people optimistic. A lot of this bullishness reflected in the bank of America Monthly Fund manager survey. This tends to happen. Stocks go up, people get the list. This is the percentage of respondents that say they are overweight equities. 20e is a chart going back years. Half of respondents saying they are overweight. Very bulledlearly up. This past year, so much residual skepticism, lockdowns, election risk. Excuses to stay on the sidelines. One by one, those excuses have fallen. Now, all of a sudden, everyone is bullish. Li ....
With china while his father was a sitting Vice President. This as big tech remains under fire for blocking user access to this story. Coming up to discuss, steve bannon is here, georgia congressman doug collins and parler founder and ceo john mace joining us coming up. Were standing by for he retail sales this morning, ahead of the numbers, markets are mixed. Dow down 19, nasdaq up 15 and s p 500 right now down about three quarters of 1 point. Markets yesterday finished in the red, off of session lows by the end of trading, dow industrials gave up 19 points, nasdaq was down 54, s p lower by 5 points yesterday at 4 00 on wall street. The state of real estate, who is leading the push to flee big cities like new york to make a home in the suburbs . Plus flying right into your fridge, one airline is selling sky high meals in stores. Its making a buzz this morning. Mornings with maria is live right now. European markets are higher, tak ....
Still lots of questions swirling an tech. Does the turbulent in tech continue, do you think by the way, value has been leading lately and thats a story in and of itself yeah. You know, a whole host of folks said that would happen, eventually, scott. From tom lee to Larry Mcdonald and so forth i dont think the story is over for tech you and i talked about that monday i said i think that we are unlikely to test significantly lower in tech. Yet, here apple is back down on the lows of the last several months, scott. Ive noticed a lot of those value plays that you discussed, for instance, infrastructure plays in particular. Steel, mining, things like that. Getting lot of money flow, a mean a lot thats worth noting. To your point, thats partially why perhaps people are using tech as a source of funds. I dont know how long that lasts. I certainly am not betting that it lasts very long as far as tech being a wreck and value being where yo ....