Berkshire Hathaway 2026 Annual Meeting: Part 1 5/3/26

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CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 May 2026

⏱️ 70 minutes

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Summary

It’s the first Berkshire Hathaway Annual Shareholder Meeting with the company’s new CEO Greg Abel presiding, while chairman Warren Buffett sits in the audience of the meeting after 60 years on the stage. CNBC’s Becky Quick and Mike Santoli cover the beginning of this new chapter of “Capitalist Woodstock” with shareholders like Bill Murray and Ariel Investments founder and Co-CEO John Rogers. Then, Greg Abel takes the stage with Berkshire’s vice chairman of insurance operations, Ajit Jain, for a Q&A session with shareholders. The two address AI, cyber risks, global energy flows during the war in Iran, and much more. Plus, a cameo from Warren Buffett–both real and…not so real. For more Berkshire Hathaway coverage: https://www.cnbc.com/2026/05/02/warren-buffett-berkshire-hathaway-annual-meeting-2026-live-updates.html For past Berkshire Hathaway annual shareholder meetings: https://buffett.cnbc.com/annual-meetings/

Transcript

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0:00.0	Hi, podcast listeners. This is CNBC's Becky Quick, and I'm on assignment in Omaha, Nebraska.
0:09.4	We'll be sharing with you here, in its entirety, our coverage of the 26 Berkshire Hathaway
0:14.4	shareholder meeting. It's a special one this year. After 60 years, 95-year-old Warren Buffett is no longer
0:20.7	the CEO.
0:21.9	This is my 60th annual meeting, and the time has arrived where Greg should become the chief executive officer of the company at year end.
0:36.2	Investors are keen to learn from his successor and longtime colleague Greg Abel.
0:40.7	What will stay the same in this new era of Berkshire and what changes may be coming?
0:45.7	You're about to hear me and Mike Santoli covering the events of the day.
0:49.4	Then you'll hear what it was like to be in the arena in Omaha for two question and answer sessions, this time
0:54.9	led by Greg Abel instead of Warren Buffett.
0:57.6	Hi, my name is Warren Warren from Omaha.
1:02.0	I'm recently undergone, let's call it a significant change in role.
1:07.1	It was a long day of surprises, a day where technology took center stage alongside Greg Abel.
1:13.3	So settle in and let's get started.
1:18.1	Good morning, everybody, and welcome to CNBC's special coverage of the 26 Berkshire Hathaway Shareholder Meeting.
1:24.8	I'm Becky Quick, joined along with Mike Santoli, and we are here
1:27.9	live in Omaha, Nebraska, on the floor of the CHI Center Exhibit Hall. It is a new day here in Omaha.
1:35.0	After 60 years, Warren Buffett will not be answering questions from shareholders. Instead, Greg Abel
1:40.8	will be taking center stage in his first meeting as the Berkshire CEO.
2:01.5	He'll start this meeting with a one-hour business update, then move on to that first Q&A session, which also will include Vice Chair of Insurance Operations, Ajit Jane, starts in about 15 minutes. Let's give you a look at the rest of the day's schedule. The first Q&A session will be a little more than an hour. After that, you can catch our halftime show with big names, including Occidental's Vicky Hollab and Brooks running CEO Dan Sheridan.
2:07.2	The second session starts at 1245 with the BNSF's CEO, Katie Farmer, and the new president of Berkshire's
2:13.1	consumer products, service and retailing, and NetJet CEO Adam Johnson joining Abel on stage.
	...

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