meta_pixel
Tapesearch Logo
Log in
Squawk Pod

Warren Buffett & Berkshire 2.0; Market Sell-Off

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 28 February 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

Berkshire Hathaway Chairman and CEO Warren Buffett speaks to Becky Quick about the company’s plan for succession after his 50+ years at the helm. The Oracle of Omaha fields questions on baseball, Kraft Heinz, and Geico. Former Governor of the Federal Reserve Kevin Warsh penned an op ed in The Wall Street Journal urging the Fed to lead a global interest rate cut in light of this week’s market sell-off. He defends his argument and discusses the economy during an outbreak with Joe Kernen, Becky Quick, and Andrew Ross Sorkin. Stuart Frankel’s Steve Grasso discusses the historical context of this week’s sell-off and best practices during a market correction.

Transcript

Click on a timestamp to play from that location

0:00.0

Bring in show music please.

0:03.0

This is Squawk Pod, the daily podcast brought to you by the team behind Squawk Box.

0:08.0

NYC, this is NBC Control 2.

0:10.0

See, NBC's essential morning show.

0:12.0

PCR2. Every day get the best stories, debate, and analysis. see History making week on Wall Street, the February sell-off is intensifying as the coronavirus spreads.

0:26.0

The first thousand point day was very unsettling, and then you get a couple of more, and it's incredibly unsettling.

0:33.0

The Dow falling 1,200 points Thursday, the biggest point drop in a single day ever and the fastest

0:38.4

ever correction from an all-time high.

0:40.6

Andrew's going to make the joke, what, how does it compare to?

0:43.0

29.

0:44.0

I was not there for 29.

0:45.0

Kevin Warsh, a Fed governor during the financial crisis, urges the central bank to cut interest

0:49.7

rates in response to the coronavirus outbreak.

0:52.1

If I were them, this would not be the time to say,

0:54.5

well, I'm going to preserve my amo.

0:56.6

And Warren Buffett, what the 89-year-old chairman

0:59.3

of Berkshire Hathaway says about Berkshire after Buffett. We're well prepared for succession.

1:04.4

Almost going to be embarrassing, how well.

1:06.7

I am the NBC producer Katie Kramer.

1:08.4

It's Friday.

1:09.4

Finally, February 28, 2020, Squack Squack Pod begins right now.

1:14.0

Stand Becky by in three, two, one, fuel, please.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.