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Friday, May 1, 2009

CNBC.com's News Now: Has Buffet Lost His Touch?

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Friday, May. 01, 2009
CNBC.com's News Now CNBC Extended Hours Real-Time Quotes: Now CNBC.com brings you even more of the fast and actionable information you need to respond to market moves - and it's free!    
DOW 8212.41 44.29 +0.54%  
NASDAQ 1719.2 1.90 +0.11%  
S&P 877.52 4.71 +0.54%  
 
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WHAT YOU SHOULD KNOW
Bank Stress Tests May Pose Major Obstacle to Stock Rally
Uncertainty over bank stress testing and the billions in loan losses the institutions will have to cover poses a threat to the stock market rally...
»read more

Auto Sales In US Decline, Chrysler Down 48 Percent
April turned out to be a bad month for U.S. car sales, but some of the declines were less than expected...
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Chrysler Files Motion To Sell Most Assets To Fiat
Attorneys for Chrysler said the company will file a motion by Saturday morning to sell substantially all of its assets to Italian automaker Fiat Group SpA, but that won't include eight plants, including five that the automaker revealed it will shutter by the end of next year...
»read more

TODAY'S TOP 5 VIDEOS
1. Woodstock for Capitalists 
It isn't an economic Pearl Harbor, but the war isn't over, says billionaire investor Warren Buffett to CNBC's Becky Quick.

2. Has Buffett Lost His Touch? 
Insight on Berkshire Hathaway, with Mad Money host Jim Cramer and CNBC's Erin Burnet & Becky Quick.

3. Munger on Berkshire's Off Year 
Berkshire vice chairman Charlie Munger discusses Berkshire's difficult year and where he thinks the economy is headed, with CNBC's Becky Quick.

4. Smithfield CEO Sounds Off 
Discussing whether there really is a swine flu risk associated with eating pork, with Larry Pope, Smithfield CEO and CNBC's Erin Burnett.

5. The Cashin Is In 
Art Cashin, UBS, appears in full surgical mask to discuss yesterday's market reaction to Paul Volcker's comments.

 

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Warren Buffet Watch
Berkshire Hathaway's market value may be down about 30 percent since last year's shareholders meeting, and the economy may be the pits, but Omaha will still be this weekend's hot destination for Warren Buffett fans. Berkshire has issued roughly 100,000 shareholder credentials for Saturday's get-together at the Qwest Center. That's 10 percent more than last year, when a record 32,000 attended the "Woodstock of Capitalism." Berkshire says 35 percent of the people who get a credential actually show up for the meeting, putting the preliminary estimate at 35,000, which would be a new record high. CNBC's Becky Quick will be in Omaha with extensive coverage of the event, starting Friday morning on Squawk Box at 6a ET. Over the weekend, we'll bring you the latest news and pictures here on CNBC.com's Warren Buffett Watch.

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