Countdown to the Berkshire Hathaway Annual Meeting 4/29/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 29 April 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon shares fell as much as 12% after the company gave revenue outlook for the current quarter that fell short of Wall Street’s estimates. It could mark Amazon’s worst day since January 2014 if the losses hold through the close. Apple shares also dipped after management said supply chain constraints could hinder fiscal third-quarter revenue. Toni Sacconaghi, Bernstein senior research analyst, reacts to Apple’s latest quarterly earnings report. Brooks Running CEO Jim Weber joins Becky Quick in Omaha ahead of Berkshire Hathaway’s annual meeting to break down how the company is navigating supply chain woes and more. For exclusive coverage of the 2022 Berkshire Hathaway Annual Shareholders Meeting, with appearances from Bill Murray, Jimmy Buffett, and the Oracle of Omaha himself, tune into CNBC.com Saturday, at 9:45 am ET: https://www.cnbc.com/brklive22/. In this episode: Jim Weber, @brooksrunning Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi there, I'm C. M. C. C. C. C. C. C. C.
0:07.0	Cawda.
0:08.0	Today on Squawk Pod, Amazon shares taking a hit after the company's quarterly report and same for
0:14.8	Apple. Apple's like everybody else they can't get away from the same problems everybody else
0:18.4	has. Widely watched analyst Tony Sakanagi on what's going on.
0:23.3	Supply chain has had a significant impact on Apple
0:27.2	for most of the last few quarters.
0:29.2	There's a real question on how big that range could be.
0:33.0	And speaking of Apple, we're counting down to the annual meeting of Berkshire Hathaway,
0:38.0	which owns about 5.5% of Apple's outstanding shares.
0:42.0	CEO of Berkshire subsidiary company Brooks Running joins us.
0:46.0	Jim Weber's sharing supply chain woes and business optimism.
0:50.0	We lost 45 percent of our footwear production over a three month period. That's a discrete problem for us. You can't make that up.
0:58.0	And we're taking a turn into Margaritaville with all our favorite buffets. I think that Jimmy
1:04.2	Buffett is like he may turn into Warren Buffett he's got a lot of business
1:07.8	interests now. It's Friday April 29th 2022 and Squawk Pod begins right now.
1:15.0	Stand under by in three, two, one, Q Andrew.
1:19.7	Good morning and welcome to Squawk Box right here on CNB, I'm B. B. C. I'm Andrew Osork and along with Joe
1:24.0	Kernan and Becky Quick, who was reporting this morning
1:27.2	live from the Berkshire Hathaway annual meeting in Omaha,
1:30.1	Nebraska with a huge lineup. Good morning to you Becky. I'm looking forward to
	...

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