Nvidia Joins the Dow, Warren Buffett's Berkshire Hathaway has $325B in Cash
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Public dot com presents the run down your daily market update in five minutes. My name is they had money. And today is monday, november four. In today's episode will preview a very busy and very pivotal week in the markets we also dive into how is about IT on a record amount of, then stick around to the end show to find out the newest member of the dow Jones, that caused me to go on a many rent. All right, let's go.

Well, guys, markets have now gone down for two straight weeks in a row, but the S N P N S, that drop by more than one percent last week, thanks to a big sell l off on halloween. I guess investors were not loving all the earning from big tech giants that we got last week. Microsoft, meta, apple AMD all dropped after reporting earnings.

Google named is on where bright spot, though they both finished higher. The last week was pretty crazy. There was over one hundred and fifty companies that are reported earnings from the bigger companies in the world.

But you know, this week could be crazier, if you can believe that we're still on the title of earnings. Seasons are all beginning earnings from companies like pantier com, super airbnb, just the name of view. But lets be honest, the biggest event this week, the event that everyone's ve been waiting for, probably the most impactful event for portfolio.

I'm obviously talking about the fed meeting, right? What is the fed go to to do with interest rates? okay. I guess there's the election too. Both are happening this week.

The election obviously on tuesday, and the fed meeting wraps up on thursday with a general power press conference, all science point to the fed cutting interest rates by twenty five basis points. This we can get pretty vulto, to say the least, especially on thursday as the markets fully digest the result of the election hopefull. We have a result by then.

And then we especially find out with the fed and your own power decided to do with interest strates. So we get to like going on this week again, we're going to be locked in this week a lot to keep an eye and and it'll be recapped the market reactions to all these events here on the runners. If you're a new listener to the show, you picked a great time.

The tune let's run through some headlines. And we should start with berkshire hathaway because they released earnings over the weekend. Company to report earnings on saturday, but IT gives people the weekend to digest everything.

And there's a lot to digest here. I think the main headline coming out of this was the amount of cash that warned buffer is sitting on. Now burch health way now has over three hundred and twenty five billion dollars in cash. That up fifty billion dollars in the end of you two and more in buffer keeps selling a ton of stock this year.

So far, he's bought about five point eight billion dollars for the stock and has sold one hundred and thirty three billion dollars that includes selling a ton of apple stock, watching q three buffer t dumped a hundred million shares, and then also billions of dollars in bank of america. And as far what warn buffet plans to do with the cash, what is not just keeping three hundred and twenty five billion dollars check in account, right? He's buying ort term treasury bills with that cash berk shares currently sitting on more than two hundred and eight eight billion dollars worth the tea bills, probably earning a nice interest on those.

But I think the biggest shocker from this earnings report was the fact that the buffet didn't use any of the cash to buy back share stock. This is the first time that burker hath weight didn't buy back their stock since two thousand and eighteen. I guess I could be a sign that warn buffer seeks that even berkshire ck might be over value because like warn buffer is one of the goats when IT comes to investing.

So the fact that he's sitting on a record amount of cash selling stocks and not even buying back his own stock has people wondering, like what does he think is gonna happen? Is buffer expecting the markets to drop and keeping a lot dry power on the warn buffet decides to do with all that cash. We just keep stack in cash until a market correction or if you know finally put some of that money use warn buffet.

I know you're listening. If you want some advice on what to do with some of that cash, maybe consider buying the dollars cowboys and turn the team around. You know, they heard that need some help right now.

Sorry, cop was fans. I don't think they're expecting to catch strays in a finance point cast monday morning left gears and dog by the U. S.

Government's plans to ramp up their efforts to remove chinese companies from the mi conductor supply chain. This is something that the U. S. Government pushing hard this year and its result in companies in the us.

To make some changes like chip tool makers, applied materials and land research have told their suppliers that they need to find alternatives to components obtain from china because they, they risk losing their vendor. On top of that, these suppliers have been told that they can't have chinese investors or shareholders to the U. S.

Government has been tightening their rules on importing from china in the interest of national security as well as maintaining an edge in next year technologies. But this could result in cost because IT might not be easy to find non chinese alternatives to certain components. On top of that, lam research and applied materials are to put on the top spot here because they make a ton of revenue from china.

China is the biggest customer for both applied materials and lam research globe. Lam and applied materials generate thirty seven and thirty two percent of global revenue from china, respectively. Chinese suppliers are now trying to find a work around like, for example, one chinese supplier set up a holding company in singapore to help get around some of these restrictions.

So what you have is ultimately plays out a game of work restrictions, and these companies find a way to get around them. Let's talk about some stocks making moves today. Shares of viking direct te through after they released promising data for their weight loss pill.

The study, which was released on sunday, show that users at six point eight percent of their body fat after twenty eight days putting the drug on track to enter middle ate trials in the fourth quarter. Now we all know about the weight loss drugs that have unread push these days, but those require a needle pills on the and like the next frontier, right there are more convenient. And they also come with less side effects.

All the major players are racing to get a weight loss pill on the shelves. Elites and advanced indal trials for their oral drug, pizer and astrology, are also working on their own pill. Nobody, the maker of those epic, which kind of started this whole trend, have an oral pill, but it's dealing with supply issues right now and look warm reaction from wall street.

So this they raised to get on the market with a weight loss bill. So whatever company gets their first take a huge pay off in the stock Price, shares of viking jump all away a minute. Wow, this is crazy viking.

The reputedly stocks without more than twenty percent, but is now down six percent. Something must have happened as some crazy volatility right there. Now on the flip side, shares of energy companies are moving lower.

After the nuclear energy trend hit a speed bump this morning, a federal regulators struck down an agreement between amazon and talent energy, which owns a sus khana nuclear plant. The federal energy regulatory committee voted against proposals that would have increased amount of power dispatch to an amazon data center campus. This decision is setting energy stocks down across the board.

Talent, consulate and energy and vista are all lower this morning. These are some of the companies that reviewed as a beneficiary for future deals involving big tech companies and nuclear powers. Planes, talent and via energy are down more than two percent, and constant ted energy stock is down more than ten percent.

Let's wrap the show with a fun fact in video. Is being added to the dow Jones index, replacing intel, the committee for the dow Jones that makes decisions that they want to have a more representative exposure to the country. So they are replacing into within video, and which makes a lot of sense, right?

Intel, I used to be the leader in the chip space, but over the last few years have been overtaken not just by NVIDIA, but also rivals like AMD and qual day on friday. So does mean that we about the down now, absolutely not. This changes nothing for me.

okay? I will still be a doute. It's still only thirty companies with an extremely flawed calculation method.

I don't are that they just added the hottest company in the world. I will not stop being a hate for all we know. They just added in video at the top, so I don't expect to.

And I get little heat. And when he comes to talk about the congrats in video for being added to the guys run down for today, we have an action pack week coming up. I already talked about in the intro a lot happening this week.

We're going to be covering IT all here on the run down to make sure you guys to, in this week, I have no idea, survive in the markets. Are onna be by the time we get the friday, but I will makes the markets fun right. By the way, if you guys enjoy today, the sider given us a five star rating on apple and spotify.

And if you have fifteen extra seconds, consider writing a review on apple. Leave a common on spotify. Ting to a spotify.

All that engagement really does help us out. Thank you. Get so much for listening. Shout out to bike and corner for all the help behind the scenes. And we'll see you guys back here tomorrow.

This is the run down your real time resource for news, events and trends in the markets. All views presented in the show reflect the opinions of the guests. You should not take any mention of a publicly traded security as recommendation to sell or hold that security run are not ancient visors board financial or consult respective professionals learn more at public dom disclosures in partner ship with other money broker services for U. S. List reddere security are often open to the public, investing in corporate number and S, P, C.