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Warren Buffett agreed to pay $4.5 billion to buy 60% of industrial conglomerate The Marmon Group. What did Buffett find attractive in Marmon and can you ride the billionaire's coattails?
This is a transcript and video clip of the second part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick. In this section, Buffett talks about the super-SIV proposal, the Bush administration's plan to encourage lenders to freeze some variable mortgage rates and about why he supports Hillary Clinton and Barack Obama for president.
Warren Buffett's latest purchase may position Berkshire Hathaway for a comeback in the U.S. economy.
Berkshire Hathaway shares closed down 4.6 percent today (Monday) at $136,400 after a cover story in Barron's over the weekend recommended, "Sell Buffett: Sorry, Warren, Your Stock's Too Pricey." That erased just over $7 billion in Berkshire's market value in one day. Buffett-bulls, however, see a buying opportunity in today's decline.
In a "First on CNBC" telephone interview just minutes ago, Warren Buffett told the Squawk Box team that while he been approached, sometimes indirectly, by financial companies offering to sell stakes, he hasn't seen anything he likes, at least so far. He indicated he still sees lots of problems among many banks that could take several years to work through, but didn't rule out doing any deals over the next six months. "We're looking everywhere but Antarctica."
Berkshire Hathaway's rapid deal to buy 60 percent of Marmon Holdings from Chicago's wealthy Pritzker family is a textbook Warren Buffett deal in a number of ways. It involves basic, industrial businesses, came together very quickly without a lot of study and negotiations, and is with people he instinctively likes.
Warren Buffett tells CNBC that the decision to pay $4.5 billion for a majority stake in Marmon is a "very large bet on America over a long period of time."
Berkshire Hathaway, the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings for $4.5 billion.
Fast Money's Jeff Macke strongly rejects Barron's weekend call to "Sell Buffett" because it could be "dead money for at least a year." The stock suffered its biggest drop today in three years on the heels of that article. Macke says don't listen to Barron's.
Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind them. Every time he buys a stock, he's forecasting the future. Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions. Of course, it helps when you can give your predictions plenty of time to come true. With that in mind, here's what you need to know for 2008, and 2009, and 2010 ...
This is a transcript and video clip of the first part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick, in which he talks about the Federal Reserve, the U.S. dollar, the economy, and how his retail businesses are doing this holiday season. A transcript from the rest of the interview will also be posted here on Warren Buffett Watch.
Warren Buffett will be appearing live three times on CNBC and CNBC.com Tuesday in connection with the fund-raiser he's hosting in San Francisco for Hillary Clinton's presidential bid. The first live interview on CNBC is scheduled for 10:15a ET, with a joint Buffett-Clinton interview planned for late in the afternoon. The fund-raiser itself will be streamed live on CNBC.com
Warren Buffett did a taped interview in San Francisco with CNBC's Becky Quick last night. Buffett is in that city for today's fund-raiser on behalf of Senator Hillary Clinton's presidential bid. Becky showed some excerpts from her taped chat on Squawk Box earlier today. In this clip, she asks for Buffett's thoughts on today's upcoming Federal Reserve decision on interest rates.
In this video clip from a "First on CNBC" taped interview with Warren Buffett, the billionaire rejects suggestions from critics that his support of the nation's estate tax is hypocritical because he is sheltering his own enormous wealth by giving it to charity.
In a live interview with CNBC's Becky Quick a few minutes ago on Squawk on the Street, Warren Buffett predicted "enormous divergence" ahead in the stock performance for financial companies. In response to a question about whether financials might be the best-performing stock sector next year, Buffett advised against buying financials as a group. He said some will do well but others have done some "really dumb things."
Warren Buffett hosted a fund-raiser today in San Francisco for Senator Hillary Clinton's presidential campaign. Here's a video excerpt.
In a live interview this afternoon on CNBC with Hillary Clinton standing by his side, Warren Buffett again warned that the U.S. could fall into recession, if unemployment increases significantly. But he said he's not sure that will happen and he's been surprised that the employment market has held up as well as it has so far.
Warren Buffett raised over $1 million for Hillary Clinton’s presidential campaign, Tuesday. Find out what one of the world’s richest men and one of the world’s most powerful women think about the economy, the stock market and your money.
CNBC's Charlie Gasparino reports this afternoon that Warren Buffett may be called to testify by at least one of the defendants in the upcoming AIG fraud trial. We learned earlier this week in a court filing that the prosecution plans to ask Buffett to the witness stand. That means there's a possibility (not a certainty by any means) that both sides may be looking to Buffett to testify in the case.
Billionaire investor Warren Buffett, slated to be called as a prosecution witness in the criminal fraud trial against five executives for allegedly helping American International Group inflate its reserves, may also be called as a defense witness by at least one of the defendants, CNBC has learned.