We are coming up on this mark. As you look back over the past year, what has been the biggest surprise to you as someone actively involved in these markets. >> Good morning, Brian.Thank you for having me on. Uh to me, it's the market resiliency. I mean, it truly is the Teflon market.you if someone had told us a year ago that the Trump administration was actually going to go through with all of these reciprocal tariffs with threatening 100 plus percent tariffs on China all of these different trade metrics an ...

I did apologize uh to the president. President was offended by the act uh or by the ad rather. It's not something I would have done which is uh to put in place that advertisement and so I apologize to him.I'm the one who is responsible in my role as prime minister for the relationship with the president of the United States and the federal government is responsible for uh the foreign relationship with the uh the US government. So things happen. We take the good with the bad and I apologize to. ...

We don't have tariffs. We don't have national security. I think it's one of the biggest decisions in the history of the Supreme Court. It's the most important decision, one of the most important decisions in the history of our country because without tariffs, without our being able to use tariffs freely, openly, and and in every way really would suffer tremendously from a national security standpoint.national security of our country. ...

Financial Performance - Berkshire Hathaway's cash reserves reached a record $381.7 billion in the third quarter [1] - Operating earnings surged by 34% year-over-year [1] - Topline operating revenues grew by approximately 3% year-to-date [11] Factors Affecting Earnings - Insurance numbers boosted earnings overall due to a mild hurricane season, with no named hurricane landing on US shores in the third quarter, a first in over a decade [2] - Quarterly numbers may reflect one-off events rather than sustainable trends [3] - Investment income is likely to grow at a slower pace in the coming year if treasury yields decline [11] M&A and Share Buybacks - The OxyCem acquisition will cost a little under $10 billion, a small fraction of the company's cash reserves [4] - No share buybacks have occurred through the first nine months of the year, suggesting the company may not view its shares as undervalued [6] Succession and Future Outlook - Investors are focused on Warren Buffett's succession and the potential impact of Greg Abel taking the helm [1][5] - Uncertainty surrounding Greg Abel's future operational changes may be weighing on the shares [9][10] - Heading into 2026, there are several uncertainties related to the company [12] - The insurance environment is expected to become more competitive in the coming year [11]

Bergkshire Hathway already out with its earnings. The company posted a solid performance in its insurance business. Its cash pile rose to a record 381.7% billion, but the company didn't use any of that cash to buy back shares.And that could imply that Warren Buffett still thinks the stock is too overvalued. Buffett, remember, he's planning to step down from his role of CEO at the end of this year. He'll transition to a chairman role and Greg Ael will take over CEO after. ...

You had said before the policy meeting that you were somewhat uneasy about front-loading rate cuts based solely on slowing payroll growth and that at the same time inflation had been moving in the wrong direction and just counting on inflation to be transitory made you uneasy. So why did you vote in favor of cutting rates last week. Was there anything that changed that caused you to want to take out more insurance.Well, before the last meeting, not not this not this November meeting, but in September, um my ...

Monetary Policy & Interest Rates - The market is pricing in a potential interest rate cut in December, although some committee members prefer to wait for further data [1] - The speaker believes the Fed can and should cut rates, potentially quicker, but respects concerns about inflation [1][2] - Current inflation metrics show core PCE at approximately 250 basis points (25%) over six months, with other metrics closer to 300 basis points (30%) [2] - The speaker argues that current inflationary expectations do not prevent the Fed from acting, citing 5-year inflation break-evens at 250 basis points (25%) [3] - The interest rate tool is less effective on capital expenditure (capex) for large companies funded by free cash flow, but significantly impacts small businesses and low-income individuals [15][16] - Keeping interest rates 100 basis points (1%) higher than necessary costs the US government $100 billion per annum, given that 90% of US Treasury financing is in two-year instruments [16] - A rate cut could help the housing market by lowering mortgage rates, stimulating home building, and increasing labor mobility [12][13] Labor Market Dynamics - Significant labor displacement is expected in the next few years due to technology advancements, as evidenced by announcements from companies like Amazon and UPS [4] - Productivity is increasing across various sectors, including inventory management, logistics, and predictive maintenance, leading to lower costs and increased M&A activity [6] - Companies are generally comfortable with their current labor force, with some freezing hiring and others proactively reducing labor [8] - Recent data, excluding the non-cyclical healthcare sector, indicates negative job growth, which is expected to persist [9] Economic Outlook & Risks - The US economy and companies are generally in good shape, but the labor market is not as strong [10] - The amount of US debt is a tail risk, especially given that 89% to 90% is short-term (two years), requiring constant refinancing [18][19] - The speaker believes the US can deleverage the economy if nominal GDP remains above the cost of debt, targeting 5% nominal GDP growth [21] - Complacency and excessive risk-taking in the market are concerns, but the speaker does not see a bubble in public markets due to strong free cash flow generation by major companies [23][25][26] - The economy is bifurcated, with strong capex and high-income spending, but weaker low-income spending [24]

Tesla shareholders will decide this week whether the automaker should award CEO Elon Musk stock worth almost, believe it or not, $1 trillion. Wow. If he achieves a host of very ambitious goals over a 10-year period.One of those goals, deploying 1 million humanoid robots and boosting the company's market cap to 8.5% trillion from 1.5% trillion today. The deadline for voting is 11:59 p. m.Eastern time on November 5th, just before Tesla's annual shareholder meeting on November 6th. Judging by the stock's momen ...

Welcome to Yahoo Finance's flagship show, Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures kicking off November trading in positive territory. Investors gearing up for a busy week of earnings where we'll see results from AMD, Palunteer, Qualcomm, as well as others. Plus, Berkshire Hathway already out with its earnings.The company posted a solid performance in its insurance business. Its cash pile rose to a record $381.7% billion. But the company ...

Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest market news President Trump said he wants Nvidia's Blackwell AI chips to be sold to US customers only and not to any other country. The US government shutdown is set to become the longest in history this week as lawmakers remain at an impasse, unable to reach a deal to reopen the government. #youtube #stocks #nvidia About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, co ...