Madison Mills and Brad Smith report the latest financial news for May 5, 2025.
The Berkshire Hathaway annual meeting took place over the weekend. We speak to TKer.com editor Sam Ro about some key takeaways from the meeting. Warren Buffett says Greg Abel will become the new CEO for Berkshire Hathaway. Buffett also expresses concern that tariffs are being used as a method to weaponize trade as a means of war.
Next, Trump says he is willing to lower tariffs on China but is considering imposing 100% tariffs on foreign films.
Also, the May FOMC meeting is coming up this week. We speak to an economist about why the Fed won’t cut rates until June and the outlook for further rate cuts in 2025.
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