00:00 President
Let's move on to the three things you need to know today.
00:03 President B
First, the famous investor Warren Buffett announcing that he will move the head of Berkshire Hathaway after six decades of work. The so-called Oracle of Omaha made this announcement during the annual meeting of the shareholders of the company. He will be succeeded by the longtime employee of Berkshire, Greg Abel, who was confirmed today by the company's board of directors. Buffett delivered massive gains for Berkshire shareholders, surpassing the S&P 500 each year on average more than double.
00:40 President
In addition, President Trump reporting progress in trade, suggesting that the administration could see agreements concluded this week, without specifying which countries. The comments of the president to journalists came after sitting with NBC News and said he was willing to reduce prices on China. Meanwhile, the president announced his intention to impose a 100% rate on films produced abroad, sending actions of lower media companies.
01:09 President B
And the Federal Reserve will launch its FOMC meeting in Washington this week. The Central Bank was largely expected to maintain pending rates while traders make up betting for cuts. But this decision comes when President Trump renews his calls for the decline in the central bank, while retaining his position according to which he does not intend to dismiss Jerome Powell.
