Berkshire’s New Boss, The Tariff Two-Step, Silicon Valley “Vibes” 5/5/25

What Berkshire’s future will look like as Warren Buffett passing the torch to Greg Abel. The four countries one DC strategist says are poised for a trade deal with the US. Plus, the AI hiring vibe shift is underway. 

The labor market stronger than expected in April, but can the momentum last? Epic Games CEO Tim Sweeney takes a victory lap in his battle against Apple. Plus, your artificial Christmas tree could cost $3,000 this year. 

More signs of labor market weakness ahead of the April jobs report. Tesla reiterating its confidence in Elon Musk. Plus, a federal judge says an Apple executive “outright lied” about fees. 

Today’s negative GDP print casting a shadow over President Trump’s first 100 days. We have the headlines from his cabinet meeting. Plus, the busiest week of earnings season rolls on with Microsoft and Meta on deck to report after the bell today. And XPO’s CEO joins us to weigh in on the tariff turmoil and its impact on the transport sector.

The President is expected to sign an executive order providing some tariff relief for autos, but is it enough? We look at what is changing and how to position in the auto trade from here.Plus, the White House is blasting Amazon over reportedly planning to show tariff costs on products. Amazon shooting down that report...sort of. We have the details and whether it signals an emerging rift.And Commerce Secretary Howard Lutnick on U.S. manufacturing, and one trade deal that's done and waiting for approval. 

Are the warnings about empty shelves in a few weeks due to tariffs overblown? VC Bradley Tusk makes the case for keeping AI open and accessible across borders. Plus, the bullish case for Spotify ahead of earnings. 

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

The messaging on trade talks is very different in Washington versus Beijing. We have the latest and look at how to position amid all the trade turmoil. Plus, we got another ugly report on housing, and one data point that was rather unusual. We'll tell you what it is and what it means for the housing market from here. And, our analyst sees a period of below-target growth for two big food names, but he also sees one bright spot. He joins us with the winners and losers. 

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor.

Treasury Secretary Bessent saying the current standoff between China and the U.S. is unsustainable, giving investors hope President Trump might back down from his hardline stance on trade. Our strategists have two names they say can ride out the current volatility. Plus, Google’s Search remedies trial is taking a turn for the AI.