Warren Buffett vs. Robinhood and SPACs, Verizon Agrees to Sell Yahoo and AOL, Plus a New Month for Stocks After a Bullish April: Will the Run Continue in May?
Carl Quintanilla, Jim Cramer and David Faber began the show by discussing what Berkshire Hathaway Chairman & CEO Warren Buffett and Vice Chairman Charlie Munger said at their company's annual shareholder meeting over the weekend -- from bitcoin and stocks such as Apple to inflation and climate change. Buffett and Munger had some harsh words for SPACs and trading platform Robinhood: Buffett called SPACs a "killer" and criticized Robinhood of catering to the gambling instincts of investors. Robinhood put out a statement slamming Buffett's comments. You'll want to hear the anchors' reaction to Buffett's remarks and whether or not they agree with the "Oracle of Omaha." Verizon making news on the M&A front, confirming it has agreed to sell media assets including Yahoo and AOL to private equity firm Apollo Global Management for $5-billion. The anchors also looked at what to expect from the markets in May following a strong April for stocks. Also in focus: Intel CEO Pat Gelsinger's comments to "60 Minutes" about the chip shortage, plus Charlie Munger sounding off about tax hikes in states such as California -- "I do think it is stupid for states to drive out their wealthiest citizens."
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