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 quarter. They continue to buy back a lot of stock i do wonder even at the margins, ty any, if this is in any way a statement tha
Good afternoon, everyone. A warm welcome to you from geneva. We are really delighted to have Prime Minister of israel Benjamin Netanyahu with us today. Welcome, Prime Minister. For this very special conversation which will be followed by an interaction with key business leaders. It is good, please. Oh, thank you. I wanted also to mention that today is Holocaust Memorial day. We especially appreciate your presence here on such a day. Has such a historical importance. Never forgetting. Mr. Prime minister, your contribution to the davos agenda today builds on your Longstanding Partnership with the forum. We have had the pleasure to have you for our annual meeting. The physical one and doubles regularly over the past for years in davos. We also had launched together a center for the for the World Economic forum in israel. You have also made a huge and very important contributions to our great dialogue series recently. Prime minister, you have now been at the helm of the government for more
But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and we
Conversations in europe to some level of success. Of course, the stimulus discussion in washington, all of this wrapped around a market that will never, ever go down. Futures up 25, dow futures up 186. We have a 23 print on the vix now. Just to go to the equity market for one second, come on, jon. 32 to 23 on the vix is really something. Jonathan it is an equity market that has got away from so many, particularly on the tech side. Amazon up 70 . Microsoft, apple up 30 . We have had monster moves. Tom your thoughts on europe, you spent eight tour of duty in you spent a tour of duty in fractured, germany in frankfurt, germany. Jonathan europe is demonstrating that they can borrow at the Commission Level and distribute to places like italy. That was unthinkable in the depths of the crisis. I dont think it is that goal bullet, the. This is part of the journey. Thats how you should view it. It will take a while for the story to build. The keyword is crisis. It took a crisis to take this ste
Saving in terms of production and marketing costs. Of course, the question is sort of how that impacts the question next year when we start to see them ramp up the production again or even second half of this year. But to your point, mike, about digital, i think what really is driving this stock higher today is not just the fact that disney plus is doing so well, hitting 60 million subscribers, four years ahead of the goal of hitting between 60 and 90 million subs so really far better than expected in terms of disney plus but also the fact that the company is really doubling down on digital theyre committing to build another digital streaming service, internationally, also talking about this mulan strategy, offering mulan at 30. Really interesting to see the company push even further in that direction this at a time when the parks are struggling lets take a closer look at the park segment, taking a 3. 5 billion hit due to the coronavirus. Joining us now to discuss that is former design