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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
billionaire investor Warren Buffett is a rock star capitalist and know where does that star shine brighter than when tens of thousands of investors descend on the annual shareholder meeting of his company Berkshire Hathaway the events this weekend will provide buckets investors a chance to hear first hand what the closely watched CEO has to say but as a registered Democrat who backed both Barack Obama and Hillary Clinton for the White House Buffett may find this typical capitalism cheerleading at odds with the growing liberal wing of his party and the rise of populism around the US one notable area the push for a government sponsored universal health care Medicare for all Buffy has a different idea he's working with Amazon and JP Morgan chase to tackle high medical costs as Reuters correspondent trouble honey cut who's at the gathering in Omaha explains that may sound well and good %HESITATION but at the same time that is about an employer focused reform and a lot of the kind of %HESITATION populist moved on the left has actually been to get government government more involved in health care %HESITATION and in fact in many cases the other proposals are to have %HESITATION employer step back %HESITATION from providing insurance and have the government take over that responsibility that's not the only topic where it's both it versus leading democratic twenty twenty contenders he has a multi billion dollar steaks the big banks like Wells Fargo and industry the dems especially senator Elizabeth Warren continue to attack and then their stock buybacks the left sees buybacks as threatening up the pockets of seals and investors at the expense of workers who should get bigger paychecks when it comes to court corporations buying their shares backed by backs %HESITATION , Warren Buffett %HESITATION has been a big endorser of that %HESITATION and it benefits is business I mean he's an investor in companies such as apple that do a lot of buy backs %HESITATION and he thinks it's he thinks it's a good thing for an investor in that company to get that kind of return as an investor but it may also be out of step his company stock is up only seven percent this year compared to a seventeen percent gain for the S. and P. five hundred but his investment team shaking things up Buffett told CNBC Friday his company recently bought a stake in Amazon