Berkshire Hathaway cash pile rises $100M per business day

Channel: Fox Business
Published: 05/03/2019

Description
FBN’s Liz Claman talks to billionaire Warren Buffett about Berkshire Hathaway’s massive cash pile. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business...



Transcript
But i think it's just a slam on mcdonald's. >, > caller. Of course that's why we like it. It is that, time of year again, let's spend the weekend with worn buffet. holding the annual shareholder meeting in omaha, and she talks with article of omaha as well as the governor of nebraska. , which is just been inundated with floodwaters. such a story liz. What is the latest reporter? We showed you jus ...
coming in to the segment about the flooded missouri river and we will get to the governor in just a moment and what he said. It is stunning and most people's lifetime. They have never seen this kind of flooding in nebraska.

, speaking of flooding, people haveflooded in here all day at the arena where tomorrow, charlie munger and warren buffett will take to the state. This is not even the day of the shareholder meeting. This is fruit of the loom which berkshire hathaway and were about to have owned for many years. They will do millions of dollars of business from selling everything from t-shirts to billy bars, which bob that owns as well. $ 1000 invested in 199065. When he took control of berkshire hathaway, it would be worth $ 60 million. speaking of cash. I am always interested to know what the cash pile counts into a berkshire hathaway in this meeting, and that is what i was able to ask warren and charliewhen i caught up with them. Unexpectedly, just a couple of hours: ago.

, listen, >, >! It'S about the same --, it's pretty close. It goes up 100 million a day, a business day. reporter. Can you imagine if your bank account fluctuated $ 100 million a day. ? They have 112 billion in cash tomorrow. We will find out what they're spending it on. Let'S listen to what he had to say about the current situation of nebraska flooding. This is been the most widespread natural disaster in the u. s.

history. at one point are 10000 miles of highways. A third of them were shut down. We still have about 12. The bridge is down 1100 miles of highway to fix hundreds without their homes and damage to pastors and farmland that is covered with sand and silk up to 5 feet. Deep. , really it's a worry about the corn planted because they were supposed to play a month ago. We will be watching not, we will be watching. not. China is the biggest second treaty partner behind canada.



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