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🗓️ 4 November 2024
⏱️ 44 minutes
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| 0:00.0 | Live from the NASDAQ market side in the heart of New York City's Times Square. |
| 0:05.4 | This is fast money, and here's with On Tap tonight. |
| 0:08.6 | Bad Apple? The Oracle of Omaha slashing Berkshire Hathaway's stake in the iPhone maker. |
| 0:13.1 | So if Warren Buffett is selling, should you be too? |
| 0:17.1 | Nuclear troubles. The energy company is breaking down today after regulators nixing a big deal in the space. |
| 0:22.7 | What is next for the names? And is there more trouble to come there? Plus, how markets are |
| 0:27.5 | positioning ahead of the election. Viking therapeutics on its way down on some bad obesity drug news. |
| 0:34.4 | And the chart master goes panning for gold. Is he placing his bets on the precious |
| 0:40.1 | metal or on the miners? Well, you're going to have to stick around to find out. That's why we |
| 0:43.9 | call it a tease. Hi, everybody. I am Brian. In for Melissa once again, coming to you live from Studio |
| 0:49.7 | B, the NASDAQ, and on your desk tonight, Tim Seymour, Courtney Garcia, Carterworth, and Steve Grasso all physically around the table. |
| 0:59.4 | I love it because we are going to start with a potential warning sign for the Oracle of Omaha, Warren Buffett's Berkshire Hathaway, further cutting its position in Apple in the third quarter. |
| 1:10.4 | It still holds a lot, but it's now under $70 billion. |
| 1:15.3 | That's a lot of money, but it is less than half the stake that they held at the beginning of the year. |
| 1:21.2 | Now, there's really two ways to look at this. |
| 1:23.4 | Shares of Apple, they're up 15% in 2024, underperforming a lot of the mega cap stocks and the S&P, but still a pretty good return. |
| 1:31.8 | In fact, if we look at it in the Mag 7, Apple ranks number 5, Vedia, meta, alphabet, Amazon, all posting better returns. |
| 1:40.0 | So it kind of Tim begs the question, is he selling to disraise money for something else? |
| 1:46.7 | Is he selling because he still owns a ton? |
| 1:49.3 | And if he is selling him or his team, |
| 1:51.7 | we don't actually know if it's like Warren Buffett, like filling out of it. |
| 1:54.3 | Just call it Warren. |
... |
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