Squawk Pod: Berkshire Hathaway 2026 Annual Meeting: Part 3 - 05/02/26 | Audio Only
The third segment of Berkshire Hathaway’s 2026 annual meeting featured new CEO Greg Abel fielding shareholder questions alongside BNSF Railroad chief Katie Farmer and NetJets head Adam Johnson. The dialogue centered on how global events, especially the Middle‑East conflict, are reshaping the conglomerate’s diverse businesses. Abel explained that petroleum‑derived input costs for Berkshire’s chemical units have effectively doubled, creating short‑term pressure on margins, while BNSF reported a surge in intermodal traffic despite a 260‑locomotive reduction, illustrating operational resilience. Farmer noted that higher fuel prices are boosting intermodal competitiveness but could curb consumer demand if sustained, and Johnson described NetJets’ exposure to volatile jet‑fuel prices, with spikes already affecting premium‑segment bookings. Specific examples underscored the firm’s long‑term mindset: Abel emphasized the company’s willingness to absorb short‑run shocks, Farmer highlighted a record‑quarter fuel‑efficiency achievement, and BNSF outlined its rollout of digital twins, predictive ETAs, and data‑science teams to refine train‑network performance. The decentralized governance model was reiterated, with Abel stressing owner‑operator accountability and targeted oversight when performance gaps emerge. The discussion signals Berkshire’s confidence in navigating macro‑economic turbulence through disciplined capital allocation, operational excellence, and technology‑driven efficiency. Shareholders can expect continued focus on long‑term value creation, even as geopolitical and energy price shocks test individual subsidiaries.
Squawk Pod: Warren Buffett at Berkshire Hathaway 2026 Annual Meeting: Part 2 - 05/02/26 | Audio Only
The CNBC special coverage captured Berkshire Hathaway’s 2026 annual meeting, featuring Warren Buffett’s interview with Becky Quick and a deep dive into the company’s strategic direction under new leadership. Buffett praised Greg Abel as the right person to take the...
Greg Abel: Committed to Complying with Federal and State Fossil Fuel Regulations
Greg Abel, vice chair of Berkshire Hathaway, addressed a high‑school student’s challenge about the conglomerate’s fossil‑fuel exposure, emphasizing the company’s duty to obey both federal and state regulations. He framed the utilities and pipelines as assets that Berkshire manages as...
Greg Abel on Succession Plans for Ajit Jain and Himself
Greg Abel addressed questions about succession for Ajit Jain and himself, outlining Berkshire Hathaway’s approach to preserving its insurance franchise. He said the board treats succession as a serious, ongoing matter, with formal plans for both Jain and Abel. After Warren...
Greg Abel: Very Comfortable with the Risks and Our Understanding of the Portfolio
In a recent Q&A, Berkshire Hathaway’s vice‑chair Greg Abel addressed how the conglomerate will manage the portfolio originally assembled by Warren Buffett, emphasizing the importance of staying within each investor’s circle of competence. Abel said the existing holdings are a “concentrated...
Chevron CEO Mike Wirth on Q1 Results: Resilience of Our Portfolio Really Showed Through
Chevron reported first‑quarter earnings of $1.41 per share, well above the $0.95 consensus, while revenue slipped slightly short of forecasts. CEO Mike Wirth highlighted the results as a testament to the company’s operational resilience amid a turbulent global energy backdrop. The...
LIVE: Defense Sec. Pete Hegseth and General Dan Caine Testify Before Senate Panel on Budget —4/30/26
The Senate Armed Services Committee heard Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Kaine testify in support of the Trump administration’s $1.5 trillion fiscal‑year‑2027 defense budget. The hearing unfolded against the backdrop of an ongoing, controversial war with...
Treasury Secretary Scott Bessent Speaks at Financial Literacy Fair Capstone Event — 4/30/2026
Treasury Secretary Scott Bessent addressed a packed Financial Literacy Fair, marking the close of Financial Literacy Month and celebrating the nation’s 250th anniversary. The Department of Treasury teamed with Visa, the Spark Institute, the American Bankers Association and other partners...
We Didn't Raise Guidance because We Don't Think There Will Be Any Rate Cuts This Year, Says SoFi CEO
SoFi’s chief executive explained that the fintech firm chose not to lift its full‑year outlook after a stellar quarter, citing a shift in monetary‑policy expectations. The company reported 41% revenue growth, 31% operating margins, and a Golden Rule‑of‑40 score of 72,...
Mad Money 04/29/26 | Audio Only
Jim Kramer opened today’s Mad Money by framing the market as a battleground between rising input costs and supply‑chain constraints. He highlighted the Fed’s latest meeting as uneventful, noting that oil spiked to $160 a barrel, pushing bond yields higher...
Powell Staying on the Board Is a Political Message, Says Jefferies' David Zervos
The interview centers on Jerome Powell’s decision to remain on the Federal Reserve board, which Jefferies strategist David Zervos frames as a deliberate political signal aimed at former governor Kevin Warsh. Zervos argues the move violates long‑standing Fed norms and...
Jim Cramer Explains Why Market Sell-Offs Are Like Rain
Jim Cramer opened his Mad Money segment with a gardening metaphor, likening market sell‑offs to rain that a garden needs to thrive. He pointed to today’s modest dip—26 points in the Dow and a near‑1% fall in the Nasdaq—as a...
OpenAI Pushes Back on Report that Company Missed Revenue Targets
The Wall Street Journal reported that OpenAI missed its internal revenue and user‑growth targets, sparking speculation about the company’s financial health and upcoming IPO. OpenAI’s leadership, represented by CEO Sam Altman and CFO Sarah Friar, dismissed the story as “ridiculous,” stressing...
Barclays CEO on Inflation: 'In the Longer Term, You've Got to Be Worried'
Barclays CEO C.S. VenkataKrishna opened the Q1 earnings call by noting a solid quarter, driven by revenue growth across all divisions, but flagged a £228 million impairment linked to a collapsed mortgage‑originator. He highlighted a 13.5% return on equity overall, with...
YieldMax ETFs’ Khouw on the ‘Biggest Impact to the Consumer Checkbook’
The interview centered on how rising gasoline prices are the most immediate drag on American consumers’ wallets, a concern amplified by recent geopolitical tensions. Both analysts highlighted that while staple goods remain stable, discretionary spending—particularly among higher‑income shoppers—has shown surprising...
Major Food Group Co-Founder Mario Carbone Sits Down with Jim Cramer
In a candid interview with Jim Cramer, Mario Carbone, co‑founder of Major Food Group, outlined how his company has evolved from a handful of neighborhood Italian eateries into a worldwide fine‑dining powerhouse with more than 50 locations across ten countries....
Intel's Stock Soars as Results Top Estimates, with Chipmaker Showing Signs of Growth
Intel’s first‑quarter earnings blew past Wall Street forecasts, sending the stock up roughly 12%. Adjusted earnings per share came in at 29 cents, well above the 1‑cent consensus and even the most optimistic 7‑cent estimate. Revenue reached $13.5 billion, a 9%...
March 30th Was the Market Bottom and We Will Not Retest Those Lows, Says Ed Yardeni
Ed Yardeni told viewers that the March 30 pullback marked the market low and that he does not expect equities to retest those levels, citing a surprisingly resilient U.S. economy and a strong corporate earnings backdrop that could drive the...
Trump Administration Moves to Reclassify Cannabis in Major Shift that Could Expand Research
The Biden administration announced a sweeping regulatory shift, moving cannabis from Schedule I—reserved for substances with no accepted medical use—to Schedule III, which includes drugs such as codeine‑acetaminophen and certain steroids. The change is limited to federally‑approved medical‑grade cannabis and does not...
CNBC Survey: Americans Cut Spending Due to Higher Gas Prices and See No Relief in Sight
A recent CNBC‑commissioned All‑America Economic Survey of 10,000 U.S. adults finds that rising gasoline prices are prompting a measurable pullback in household spending. More than six in ten respondents say they are spending less on out‑of‑home entertainment, while over half are...
Geopolitics Tends to Create Good Buying Opportunities, Says Morgan Stanley's Andrew Slimmon
Morgan Stanley senior portfolio manager Andrew Slimmon argued that geopolitical events, such as the recent Iran cease‑fire, often create compelling entry points for equity investors. He emphasized that while macro headlines dominate headlines, the underlying micro fundamentals—particularly earnings revisions—remain the...
Anthropic's Mythos Model Reportedly Accessed by Unauthorized Users
Anthropic’s newest cybersecurity‑focused language model, Mythos, was reportedly accessed by individuals outside the company’s vetted partner pool, Bloomberg reported on Tuesday. The model, which was rolled out to a handful of enterprises under a tightly controlled, invitation‑only program, appears to have...
Mad Money 04/17/26 | Audio Only
Jim Kramer opened this week’s Mad Money by highlighting an extraordinary three‑week market rally that persisted through every twist of the Middle‑East conflict, from war‑time dips to truce‑driven spikes. He noted that the Dow surged 869 points, the S&P rose 1.2%,...
White House: Anthropic Meeting 'Productive and Constructive'
The White House announced an introductory meeting with Anthropic’s chief executive, Dario Amodei, describing the encounter as both productive and constructive. Senior staff, including the White House chief of staff, engaged the AI firm to explore how government and industry...
Kevin Hart Weighs in on His Spirit Brand, Gran Coramino
Kevin Hart sat down with Global Brand Equities CEO James Morrissey to discuss Gran Coramino, the tequila brand he co‑founded. The label has already surpassed $200 million in revenue, posting an 80 percent year‑over‑year sales jump, positioning it as a fast‑growing...
House Appropriations Committee Holds a Budget Hearing for Dept. Of Homeland Security — 4/16/26
The House Appropriations Subcommittee held a budget hearing on the Department of Homeland Security, focusing on Customs and Border Protection (CBP), Immigration and Customs Enforcement (ICE) and U.S. Citizenship and Immigration Services (USCIS). Testimony came from CBP Commissioner Rodney Scott,...
Mad Money 04/14/26 | Audio Only
Jim Kramer opened Mad Money by emphasizing that the current equity surge is driven by a series of feared events that never materialized, from the Iran conflict to private‑credit turmoil. He highlighted the latest market numbers – the Dow jumped...
Fincantieri CEO Pierroberto Folgiero on Ship Building in America
Fincantieri CEO Pierroberto Folgiero told Sea Trade that the cruise sector expects solid demand through 2026, yet the industry’s growth is throttled by a shortage of new vessels. He highlighted the shipbuilder’s multi‑yard strategy across Europe and the United States,...
Inside Alts: Arctos Partners’ Ian Charles on Investing in Sports
In this Inside Alts interview, Arctos Partners co‑founder Ian Charles explains why private‑equity firms are increasingly targeting premium sports franchises as a distinct asset class. He frames the move as part of a broader industry maturation, where managers must deliver...
Goldman Sachs CEO: Macro Environment Started to Weigh on Sentiment Volatility
Goldman Sachs chief executive David Solomon opened the quarterly call by noting that the macro environment, which began 2026 with broad optimism and record‑high equity levels, has since begun to weigh on market sentiment. As the quarter progressed, heightened...
Anthropic's Mythos Is the 'Best Vulnerability Hunter' Today, Says Fortalice's Theresa Payton
In a recent interview, former White House CIO Theresa Payton discussed Anthropic’s new AI model, Mythos, which the company touts as the “best vulnerability hunter” on the planet. Payton explained that Mythos allegedly scans massive codebases autonomously, linking previously unknown flaws...
Former Sen. Ben Sasse Shines the Spotlight on a Possible Breakthrough for Pancreatic Cancer
Former Republican Senator Ben Sasse has drawn attention to an experimental oral therapy from Revolution Medicines after being diagnosed with stage 4 pancreatic cancer, a disease with a 13 percent five‑year survival rate. His public endorsement underscores the urgency of finding effective...
Consumer Sentiment Hits Record Low, Inflation Fears Rise Amid Iran War
The University of Michigan’s April preliminary consumer‑sentiment survey fell to 47.6, the lowest reading in the index’s 1978‑to‑present history. Current‑conditions and expectations components also slumped to 50.1 and 46.1 respectively, underscoring a broad‑based loss of confidence. Inflation expectations jumped to 4.8%...
Blockstream CEO Adam Back Denies that He Is Bitcoin Creator Satoshi
Blockstream CEO Adam Back publicly rejected any claim that he is Bitcoin’s mysterious founder, Satoshi Nakamoto, emphasizing the personal and legal hazards such an identification would entail. He noted that the allure of being Satoshi is tempered by the very...
CoreWeave CEO Intrator on Company's Debt Load: 'Scaling Is Expensive'
CoreWeave’s chief executive, Michael Intrator, used the earnings call to address the company’s mounting debt and the high cost of scaling its AI‑focused cloud infrastructure. He highlighted a dramatic revenue trajectory, aiming to lift annual sales from roughly $5 billion to...
Mad Money 04/08/26 | Audio Only
Jim Kramer opened Mad Money by linking today’s market rally to a reported truce between President Trump and Iranian leaders, which sent the Dow up 1,325 points and the Nasdaq nearly 3 %. He then dissected the day’s biggest gainers—Sherwin‑Williams, Caterpillar, Home Depot...
Today's Dow Winners Tell Us Investors Think Rates Are Coming Down, Says Jim Cramer
Jim Cramer highlighted that today’s Dow leaders—Sherwin‑Williams, Caterpillar, Home Depot and Goldman Sachs—signal a market belief that the Federal Reserve will soon ease interest rates. He linked the rally to a tentative cease‑fire in the Middle East and a six‑year‑low...
Wells Fargo's Schumacher: Market Backdrop Became 'Too Sanguine, Too Quickly'
Wells Fargo’s macro‑strategy chief Mike Schumacher warned that the market backdrop has become “too sanguine, too quickly,” after a volatile trading day that saw equities claw back two‑thirds of recent losses while bond yields barely budged. He highlighted a striking disconnect:...
Market Bottom Wasn't Caused by Anything Having to Do with Stocks, Says Jim Cramer
Jim Cramer argued that the S&P 500’s March 30 low was not a stock‑driven bottom but a reaction to shifting interest‑rate expectations. He highlighted the ten‑year Treasury’s plunge from an eight‑month high of 4.482% to roughly 4.3% as the catalyst that halted...
President Trump Speaks to Reporters at the White House — 4/6/2026
President Donald Trump addressed reporters at the White House on April 6, 2026, highlighting ongoing diplomatic talks with Iran to end a five‑week conflict. Both nations are weighing a framework that could halt hostilities, while Tehran pushes back against pressure...
HSBC's Max Kettner on the Market's Strong 'Buy' Signals
HSBC’s chief multi‑asset strategist Max Kettner told investors that recent positioning data has finally generated a clear, contrarian buy signal across the broader risk‑asset spectrum. After weeks of cautious optimism, the shift in systematic and discretionary hedging – reflected in...
U.S. Economy Adds 178K Jobs in March, Unemployment Rate Dips Slightly to 4.3%
The U.S. Labor Department released the March employment report, showing the economy added 178,000 jobs—far above the 65,000 consensus estimate—and the unemployment rate slipped to 4.3%, a surprise relative to the expected 4.4%. The report also revealed that average hourly earnings...
Squawk Pod: World Autism Awareness Day - 04/03/26 | Audio Only
On World Autism Awareness Day, CNBC’s Squawk Pod featured Christopher Male, co‑founder of the Autism Impact Fund (AIF), announcing the first close of its second fund. The new vehicle expands AIF’s mandate beyond traditional behavioral‑health services to encompass broader behavioral, mental‑health...
President Trump Speaks to the Nation on Iran at the White House — 4/1/2026
In a televised address on April 1, 2026, President Donald Trump presented the latest phase of his “Operation Epic Fury” against Iran, framing the campaign as a decisive, month‑long military effort that has already “decimated” the Iranian navy, air force and missile capabilities. Trump cited...
Mercedes-Benz USA CEO: Auto Market Environment Is 'a Little Tougher than We Anticipated' This Year
Mercedes‑Benz USA’s chief executive used a plant unveiling in Alabama to outline an ambitious growth plan, acknowledging that the U.S. auto market is “a little tougher than we anticipated.” The company is investing more than $7 billion in its U.S. footprint...
Fed Chair Powell: Inflation Expectations Appear to Be Well Anchored Beyond the Short Term
Federal Reserve Chair Jerome Powell addressed the recent Middle East crisis, noting its immediate impact on oil prices and the broader energy market, while reaffirming the Fed’s current policy stance as “good place to wait and see.” Powell explained that a...
It Was Another Week when It Paid to Get Out of Anything in Tech that Used to Be Good: Jim...
Jim Cramer opened his weekly market call warning that another miserable week has unfolded as the war in the Middle East pushes oil prices higher and equities lower, emphasizing that the “oil‑stocks‑up, stocks‑down” axiom is now undeniable. He noted the Dow...
Judge: Supply Chain Risk Designation Appears Designed to 'Punish' Anthropic
A federal judge granted Anthropic a preliminary injunction, halting the Pentagon’s supply‑chain risk designation and President Trump’s order to cut the AI firm from 17 federal agencies. The ruling restores the pre‑February 27 status quo, pausing both the Pentagon’s action and...
Richmond Fed President: Supported Fed Pause to Figure Out 'How We Should Be Leaning'
Richmond Federal Reserve President Tom Barkin said he supported the Fed’s pause at the last meeting, emphasizing the need to determine "how we should be leaning" on policy direction. He framed the current funds rate as being at the higher...
Skeptical About Any Progress with War in Iran, Says Brookings' Michael O'Hanlon
The video features Michael O’Hanlon, foreign‑policy program director at Brookings, who is asked to assess President Trump’s 15‑point peace proposal amid the ongoing Iran‑Israel conflict. O’Hanlon frames the discussion around whether the plan represents genuine diplomatic movement or merely political...