Warren Buffett: “Nothing can stop America”

Squawk Pod

CNBC

Business News, Business, Investing, News

4.2 • 543 Ratings

🗓️ 4 May 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Berkshire Hathaway’s 2020 annual shareholder meeting, the “Woodstock for Capitalists” -- which allows the company’s 40,000+ investors to question the Oracle of Omaha directly -- was hosted virtually for the first time ever. The four-hour live-streamed presentation and Q&A gave insight into Warren Buffett’s investing mindset amid the coronavirus crisis. Becky Quick joins the podcast with exclusive insight and highlights from the meeting. Chief Economic Adviser of Allianz, Mohamed El-Erian, discusses Warren Buffett’s take on the markets and the impact of the Fed’s emergency response to the coronavirus crisis. Plus, words of hope from Apple CEO Tim Cook to the class of 2020.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our
0:05.1	podcast Warren Buffett in his own words. Nothing to stop America when you
0:09.8	get right down to it. Never bet against America. The Oracle of Omaha
0:13.2	conducts his first virtual Berkshire Hathaway shareholders meeting
0:16.8	coronavirus turning capitalism's biggest party into a digital-only event.
0:21.6	America's most famous investor selling his stake in airlines.
0:24.8	The future is much less clear to me,
0:27.1	a matter how the business will turn out through absolutely no fault of the airlines
0:31.3	themselves.
0:32.3	And weighing in on the future of the U.S. markets.
0:35.0	We haven't seen anything attractive.
0:36.0	And frankly, it wasn't predicated on this, but the Federal Reserve did the right thing
0:41.0	and they did it very promptly which they should have and I salute
0:44.4	them for it. Plus Becky Quick's thoughts on an annual meeting unlike any other that
0:48.9	you'll hear only on this podcast. It's Monday may the fourth be with you.
0:52.6	Squawk Pod begins right now.
0:54.4	Since the 1980s, Warren Buffett, one of America's richest citizens and the head
1:01.0	of the Berkshire Hathaway conglomerate of companies has held an annual
1:04.3	meeting for investors that offers three days of shopping, networking, and an all-out celebration
1:09.6	of capitalism.
1:10.6	This year, that didn't happen. I caught up with Becky Quick for more.
1:14.2	Becky tell me what you're usually doing on the first weekend in May.
	...

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