Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.]
The billionaire Munger, who turned 95 on New Year's Day, is credited by the Oracle of Omaha for transforming Buffett's initial bargain-based buying strategy and molding it into a long-term value strategy. Munger and Buffett have been partners for about 60 years.
Munger will speak with CNBC's Becky Quick following his annual speech.
Munger is one of the most celebrated investors in history and played a crucial role in Buffett's success. Munger's investing prowess preceded his move to Buffett's Berkshire. From 1962 to 1975, Munger's investment partnership generated 20 percent annual returns versus the S&P 500's 5 percent. Read more about his investment strategy here.
The billionaire's annual comments from the Daily Journal meeting, where he takes questions from shareholders, have been shared on Wall Street among his many followers for years.