Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, August 7th, and I'm your host Julie Morgan.

Berkshire Hathaway's Q2 operating earnings were driven up on a strong insurance segment.

Yellow files for bankruptcy and the Poiotropical Restaurant Chain is being sold.

Here's what's making headlines today.

Berkshire had the way Q2 operating earnings rose 6.6% year over year.

This was driven by strong gains in its insurance segment, both in underwriting and investment

income.

The company bought back $1.4 billion of its common stock during the quarter, compared with $4.4 billion in the previous

quarter, bringing its purchases in the first half of the year to $5.8 billion.

The investing giant had cash, cash equivalents, and short-term U.S. securities,

amounting to $147.4 billion on June 30th of this year, up from $130.6 billion on on March 31st.

31st.

Q2 operating earnings of $10 billion increase from 8.07 billion dollars in the quarter and $9.42 billion a year ago.

Insurance float stood at $166 billion on June 30th versus $165 billion on March 31st.

We've got a full breakdown of operating earnings by business segment,

investment and derivative gains, and equity holdings in this article on Seeking Alpha. and notes. Yellow Corporation has filed for Chapter 11 bankruptcy protection.

This is a story we've been following here on Wall Street breakfast.

This is a move that was widely expected as the trucking company struggled to handle its outsized debt load

which forced it to miss union payments.

Shares are down more than 24% before the bell today.

The company expects to enter into a debtor in possession financing facility, which will be used

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