Warren Buffett in Japan, Part 2 4/12/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 April 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Berkshire Hathaway Chairman and CEO Warren Buffett is in Tokyo for the first time in 11 years. This special three-part series delivers Becky Quick’s full interview with the Oracle of Omaha in Japan. In Part 2, Buffett comments for the first time on the regional banking crisis, the collapse of Silicon Valley Bank, and the regulatory response. The 92-year-old reflects on Jerome Powell’s leadership at the Federal Reserve and his biggest worries, while Joe Kernen and Andrew Ross Sorkin join stateside. In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Are we not through the banking crisis at this point?
0:05.0	We're not through the bank failures.
0:07.0	Warren Buffett's first comments on collapses in the banking sector
0:11.0	and where we go from here.
0:12.0	On this special squawk Pod, more from the Berkshire Hathaway CEO on Crisis.
0:18.1	They haven't made the same sort of mistakes that they made back in 2008 or nine,
0:22.3	but they have mismatched assets and liabilities
0:25.4	and bankers have been tempted to do that forever.
0:27.8	And every now then, and then it bites them in a big way.
0:31.0	On the response of regulators,
0:33.0	I do not think I could run the Fed as well as Jay Powell.
0:35.6	And on what happens when investors feel fear?
0:39.0	Now we've got a system that works, but people are still scared when they get scared.
0:43.4	Being scared is so contagious.
0:45.3	Our Becky Quick with the Oracle of Omaha and a wide-ranging interview.
0:49.7	So you look around and you're not worried at this point?
0:51.7	Well, at 92 I've got other things to worry about.
0:54.6	I'm see NBC producer Katie Kramer.
0:56.5	The second in a special squawk pod series,
0:59.2	Warren Buffett in Japan begins right now. This is part two of a Squawk Pod series with Berkshire Hathaway Chairman and CEO Warren Buffett, his first formal
1:15.0	sit-down interview in several years on issues about the economy, investing in the companies
1:20.3	that make up Berkshire's portfolio.
	...

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