Berkshire Hathaway Reports Q1 Earnings
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 8 May 2023
⏱️ 11 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, May 8th, and I'm your host Julie Morgan. |
| 0:11.0 | A meeting on the debt ceiling is said to happen this week |
| 0:14.4 | between President Biden and congressional leaders. Treasury Secretary |
| 0:18.7 | Janet Yellen said in an interview over the weekend that if Congress does not act there are simply no good |
| 0:24.6 | options in terms of emergency procedures. Today is catalyst watch Monday and we're |
| 0:30.5 | waiting for an important report due out today. |
| 0:33.2 | SLU stands for the Senior Loan Officer Opinion Survey. |
| 0:37.4 | Seeking Alpha Senior Managing News Editor Kim Khan says SLOS is the new market buzzword. |
| 0:43.7 | Berkshire Hathaway reported earnings over the weekend. |
| 0:46.9 | Q1 operating earnings gain 13% year over year. |
| 0:52.2 | Our top story. The clock is ticking for a divided US Congress to raise the |
| 0:57.0 | federal government's debt ceiling which currently stands at 31.4 trillion dollars but risked running out of cash as soon as June 1st. |
| 1:05.8 | Raiser thin margins in Congress are complicating the matter. |
| 1:09.3 | If you remember, last week we told you that President Biden had invited House Speaker Kevin McCarthy |
| 1:15.1 | and other congressional leaders to a meeting that is scheduled for tomorrow. |
| 1:19.4 | Meanwhile Treasury Secretary Janet Yellen appeared on ABC's this week to talk about the debt ceiling. |
| 1:26.0 | It simply is unacceptable for Congress to threaten economic calamity for American households and the global financial system as the cost of |
| 1:38.7 | raising the debt ceiling and getting agreement on budget priorities. |
| 1:44.0 | It's Congress's job to do this. |
| 1:46.0 | If they fail to do it, we will have an economic and financial catastrophe |
| 1:52.0 | that will be of our own making and there is no action |
... |
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