Always about money melissa straight to the back room story tonight. The whispers are focused on the biggest wall street titan of them all, Warren Buffett. The oracle of omaha himself. He is known for not micromanaging companies he buys but insiders are warning that his 29yearold protege, tracy britt is stirring the pot at benjamin more owned by Berkshire Hathaway of the it is all the word on wall street. Here with the juicy details, the wall street journal ahead of the tape columnist, Spencer Jacob and jonas fax ferris. Welcome to both of you. This is unusual situation for buffett. He is very hands off when he buys this company. Now he has the young woman who has gone inside the company and is representing him, abruptly you see the ceo quit. Pretty much after very short tenure. There is lot of buzz about it. What is going on . We dont really know what is going on because it is not a very transparent company. Berkshire hathaway is not transparent in a sense what is going on in the back
Always about money melissa straight to the back room story tonight. The whispers are focused on the biggest wall street titan of them all, Warren Buffett. The oracle of omaha himself. He is known for not micromanaging companies he buys but insiders are warning that his 29yearold protege, tracy britt is stirring the pot at benjamin more owned by Berkshire Hathaway of the it is all the word on wall street. Here with the juicy details, the wall street journal ahead of the tape columnist, Spencer Jacob and jonas fax ferris. Welcome to both of you. This is unusual situation for buffett. He is very hands off when he buys this company. Now he has the young woman who has gone inside the company and is representing him, abruptly you see the ceo quit. Pretty much after very short tenure. There is lot of buzz about it. What is going on . We dont really know what is going on because it is not a very transparent company. Berkshire hathaway is not transparent in a sense what is going on in the back
A bit yesterday in yield. As for crude oil which has been the key to the stock market of late, you can see we are down on the allimportant wti crude. Lets get to our road map this morning on squawk on the street. Markets set for a lower open. Even as gdp comes in above estimates. The fed outlines the end of that bondbuying program. Visa and mastercard both higher premarket after reporting results ahead of the streets expectations. Both companies citing higher volumes. One of the most high profile executives in the world, apples ceo tim cook announces he is proud to be gay in an oped this morning. The Commerce Department says gdp expanded at a 3. 5 rate the Third Quarter. Stronger than expected results aided in part by a jump in exports and increase in military spending. Meantime, jobless claims rose last week by 3,000 to 287,000, but the fourweek moving average fell to levels not seen since may of 2000. The data coming out one day after the fed announced an end to its bondbuying progra
Together. Kwaer very excited to have them join us this morning. Tweet us with questions from them, as well. Joe, back over to you for some headlines. Okay, becky. Ill read these headlines with maybe a little bit of an echo. I mean, im its like so alone here. But, you know, its okay, i guess. Youre kind of with me, right . Hey, joe, guess who i have with me. Besides warren . Yeah. Can you take a shot, jerry . Oh, i know, i know, i already asked. Ive already asked for mac, yeah. You know how that take a shot of yep. Hi, joe. Ive told you, he completes me. Ive said that to him before. Yes, thats why i took him. Is it a leaky roof . I never know what it is. Sick dog, what is it this time . Its okay on, but i found out he was with you and at least hes doing something. Right. Usually hes just you know, let me get on to these stories here. I almost said some anyway, the major story dominating the markets are morning is coming out is ukraine. Russian forces have seized the Southern Area of cri
Latest developments. And in two hours time, warren joins cnbc for an exclusive interview to discuss a record year for berkshire hathaway. Get involved by askwarren. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Well, the crisis in the ukraine and russias involvement, the total dominating factor for markets this morning. You can see in the last few minutes, stronger pmi from germany and from france. But the market is still in negative territory this morning. Let me give you a look at how the individual markets are performing this morning. The german markets down now around 2 . They were down around 2. 5 earlier, but stronger than expected pmi numbers coming out. The French Market down 1. 5 . Let me give you a look at whats going on in the Foreign Exchange and the commodities markets. Euro dollar lower by around 0. 2 . The yen and the swiss this morning taking dollar yen down by 0. 4 . Gold higher. Key concerns of supply concerns of energy