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 a reduction in the amount of tax that when we saw those securities, we will pay. It wasnt cash now, but it reduced the
Checking it right now to make sure it is silent. If you will do the same, we will avoid any interruptions. We want to thank our sponsors in addition to the festival of thee books and the local group as one of the sponsors of the Charlottesville Center for peace and justice is another. Amnesty International Nobel peace prize organization, local chapter has been in existence for 30 years. The peace center has been in existence for 34 years. The festival is free of chargeno for these events. But they are not free of cost. So we urge you to remember to go online and get back or pick up a giving envelope from the information desk at the omni and support the festival so they may sustain them for many years to come. In addition to that, you can support it in another way. Someone in washington recently proposed a budget that defines the National Endowment for the arts and the National Endowment for the humanities. You can support the festival with letters, phone calls, signs, demonstrations, w