Squawk Pod Reports: Berkshire Hathaway’s 2024 Annual Meeting 05/03/24

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CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 May 2024

⏱️ 42 minutes

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Summary

Becky Quick is in Omaha, Nebraska, awaiting the tens of thousands of Berkshire Hathaway investors attending the company’s annual shareholders meeting, where Warren Buffett will hold court. This year is the first annual meeting without the late Vice Chair Charlie Munger; Berkshire Hathaway lead director Sue Decker sits down with Becky Quick to discuss Munger’s legacy and the future of Berkshire. Plus, CEOs of Berkshire’s portfolio companies join Becky, BNSF CEO Katie Farmer, who discusses the headwinds for her railway business, and Brooks Running CEO Dan Sheridan, who’s eyeing running business in China. Plus, longtime shareholder and GAMCO CEO Mario Gabelli stops by, for an extended conversation about the markets, media consolidation, and Warren Buffett’s leadership. Tune into CNBC’s TV and digital channels this weekend to catch every minute of the 2024 Berkshire Hathaway Annual Meeting coverage. Sue Decker 5:21 Dan Sheridan 17:16 Katie Farmer 24:48 Mario Gabelli 32:54 In this episode: Mario Gabelli, @MarioGabelli Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	There he is.
0:05.0	is.
0:07.0	I'm going.
0:08.0	Omaha, Nebraska, where the Berkshire Hathaway annual meeting is kicking off.
0:12.0	We're here sitting down with some of
0:13.7	Warren Buffett's best-known shareholders like Gamco CEO Mario Gabelli.
0:17.8	Warren has created enormous wealth for 35,000 people who come here today and all of his shareholders and all the companies
0:24.5	that he works with. So we should applaud them.
0:26.5	This is the first annual meeting without one half of the iconic Berkshire duo, board
0:31.0	member Sue Decker on continuing Berkshire, without longtime vice chair, Charlie Munger.
0:36.0	He's left a blueprint that guides us in decision-making, so he may be absent, but his impact will go on forever.
0:44.3	He's in the DNA of Berkshire.
0:45.8	Plus checking in with some of Berkshire's
0:47.5	most recognizable portfolio companies, like Brooks
0:50.5	running, CEO Dan Sheridan explains
0:52.8	where his business is picking up speed.
0:55.2	In China, we're seeing the growth of the middle class,
0:57.7	which gives them time for health and wellness.
0:59.8	We're seeing races increase over there.
1:01.9	And all aboard BNSF CEO Katie Farmer
1:05.2	operates one of the largest railways in North America
1:07.8	and she's pushing through headwinds for investors.
	...

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