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Exclusive conversation with him. Plus insider buying, our friday segment. We are seeing the most bullish that we have seen in months. One Company Insider buy. It is not a name that we talk about. Well name that name and 13 million reasons he is optimistic on his companys future. Friday, may 22 you are watching Worldwide Exchange on cnbc. Good morning, welcome from wherever you may be watching we made it to another friday great to have us here it seems interesting here memorial day seems early this. Stock few you ares down about 170 points seeing a little weakness here. Markets seeing a relatively mild day. Huge up on monday, down half on tuesday. Gain some of them back for wednesday. Lost it yesterday. Really has been a roller coaster week that Hong Kong News well get to stocks tumbling and our futures down 170 lets ....
Street. Im Carl Quintanilla a strong close with buffett on squawk. Fed chair pal on the squawk tomorrow we begin with futures pointing to a sharply higher open on the twoweek rally and buffetts advice for the longterm investor despite volatility, buy equity, not bonds. Ge is planning to restate three new candidates to a streamlined board of director. And the chip war continues over qualcomm urging broadcom to engage in direct talks for a takeover deal. Buffett is one of the big stories of the deal saying Berkshire Hathaway received the new tax law. Heres what becky said earlier on squawk. We had about 100 billion of unrealized gain in equities. Now, when they are sold, you pay tax on that. And previously when the tax was 35 , we would have had a 35 billion reserve for taxes against that as a liability. That would drop to about 21 billion. So 14 billion roughly that was ....
Tonight, the Success Story that might have passed you on the highway. Good evening, and its great to have you with us here on a monday night, and we begin with the severe storms at this hour. Emergency teams are on the scene tonight after whats believed to be a tornado hitting maryland not long ago. Cars upside down, builds destroyed, all part of this storm system. Storms from the south all the way up through new york you can see the damage coming in from the scene in maryland. There were high water rescues elsewhere. Abcs gio benitez leading us off. Reporter tonight, a possible tornado tossing cars like toys part of a powerful system extending all the way to texas. The driver of this car escaping with minor injuries. Walls caving in, roofs shredded, all part of a storm system stretching all the way to texas. In san antonio, a race to save people trapped in high water after more than 4 inches of rain fell in just three hours. Water ....
Week. Road map begins with one month since the election the rally rolls on. Too late to get in, or is dow 20 k around the corner. Plus American Carrier back in the jobs, president elect goes after a union leader in indiana. And plenty of stock movers to get to including lululemon, shares surging on better than expected results. First up, stocks looking to hit more milestones during this trump rally a. Tenpoint gain in the dow would give blue chips new intraday high. Transports coming off their first record high in about two years. And last night on mad money southwests gary kelly told jim the airline has seen stronger business momentum since the election. We strengthened throughout november, had an alltime record weektoweek . Yeah. Absolutely. So linear positive . Especially we could tell after election. So now 46 above the january low, but it wasnt just transports. It was rotation into tech, jim. I wondered what all this means. ....
The broadcast highway. President obama backs Net Neutrality. And a town looking to ban Tobacco Sales for good sweeping changes are coming to the embattled apartment of Veterans Affairs. The secretary announced a large restructuring in the departments history. We have more from washington. When bob mcdonald was picked to clean up the v. A. Mess he knew he had his work cut out. He didnt have medical experience, but as retired chief of proctor and gamble, he knows how to handle a large organization. Now after three months on the job, hes prepared to act. The new head of the Veterans Affairs department is laying out a plan to rebuild trust. Right now the department of Veterans Affairs has before it a great opp ....