The Business Show

Warren Buffett is sitting on a record $382 billion+ in cash at Berkshire Hathaway — but that doesn’t mean you should stop investing.

In this episode, Andrew breaks down why Buffett’s cash pile has nothing to do with the average investor’s plan, how copying billionaire moves can wreck your wealth, and why time in the market always beats trying to time it. You’ll learn the real reasons Buffett holds cash, why he still has hundreds of billions invested in stocks, and how everyday investors can avoid the trap of waiting for “the perfect moment” to invest. If you’ve ever wondered whether Buffett’s strategy means you should sit on the sidelines, this episode sets the record straight.

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 Tesla shareholders approved Elon Musk’s historic $1 trillion pay plan, granting him 12 tranches of shares tied to performance milestones — including mass-producing 1 million Optimus robots. President Trump announced agreements with Eli Lilly and Novo Nordisk to drastically lower GLP-1 obesity drug prices, with Medicare set to cover them starting mid-2026. Target is revamping its e-commerce strategy to improve in-store experiences after customer complaints. Gold prices rose 2% to around $4,080 an ounce as lawmakers move toward ending the government shutdown. China imposed new export controls on fentanyl precursor chemicals following a trade deal with the U.S. American household debt reached a record $18 trillion, with credit card and auto loan delinquencies climbing. Wendy’s will close 300 restaurants in Q4 to cut costs and boost profitability. And Rivian approved a $4.6 billion pay package for CEO RJ Scaringe, tied to future profitability and share price growth.

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 Tesla shareholders voted overwhelmingly to approve Elon Musk’s massive $1 trillion compensation package, which could boost his ownership stake to 25% if performance targets are met. Airline stocks tumbled as the FAA canceled thousands of flights due to staffing shortages tied to the ongoing government shutdown. Snap surged nearly 20% after beating revenue estimates and announcing a $400 million partnership with Perplexity AI, while Pinterest plunged over 20% after issuing weak guidance. Warner Bros. Discovery reported disappointing results and continues weighing a possible sale to Paramount Skydance. DoorDash fell 10% after missing profit forecasts despite strong order growth. Amazon raised prices more aggressively than Walmart and Target to offset tariffs, challenging its reputation as the low-cost leader. Target is overhauling its fulfillment strategy to improve the in-store experience, and Hooters’ original founders have reacquired the brand, pledging to modernize the menu and tone down its image.

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 Pinterest shares tanked 18% after missing both revenue and earnings estimates, as investors lose patience with its slow monetization. McDonald’s posted mixed results, beating on same-store sales but narrowly missing earnings forecasts. U.S. companies have announced nearly 950,000 layoffs through September — the highest since 2020 — signaling cracks in the labor market. Nintendo stock climbed 2.5% after raising sales projections for the Switch 2, which analysts say could see the strongest console debut in history. Starbucks sold a majority stake in its China operations to Boyu Capital, valuing the deal at $4 billion. Hertz shares soared 36% after a major earnings beat signaled its turnaround may finally be working. Denny’s is being taken private in a $620 million deal by TriArtisan Capital, the firm behind TGI Fridays and P.F. Chang’s. And Lyft struck a new partnership with United Airlines, giving riders the ability to earn or redeem MileagePlus miles on trips.

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 Amazon is testing ways to sell mainstream grocery brands like Little Debbie at Whole Foods by separating them from organic items and experimenting with new in-store kiosks and app-based fulfillment. Berkshire Hathaway’s cash hoard hit an all-time high of $381.6 billion as Warren Buffett opted for T-bills over buybacks or new investments. Big Tech’s earnings showed robust ad revenue and a record $380 billion in AI spending across Microsoft, Meta, Amazon, and Alphabet. A federal judge ordered the Trump administration to fund SNAP benefits for 42 million Americans during the government shutdown. Rival drugmakers are challenging Eli Lilly and Novo Nordisk’s dominance in the weight-loss drug market, now valued at $100 billion by 2030. China and the U.S. struck a trade truce as Beijing suspended rare earth export curbs, sending semiconductor stocks higher. A U.S. penny shortage is forcing retailers to round cash transactions as the Mint halts production. And over 100 companies filed mass layoff notices for November, signaling a tough economy heading into the holidays.

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This episode is sponoserd by the best business card out there. The Capital One Venture X. Earn 150,000 Bonus Miles once you spend $30,000 in the first 3 months from account opening

Today on the show:

Amazon Stock Surges 13% on Explosive Cloud Growth and AI Spending Plans - Amazon reports 20% cloud revenue growth and hikes 2025 CapEx guidance to $125 billion with plans for even more in 2026; stock surges on massive AI infrastructure commitment

Apple Beats Expectations as Tim Cook Says iPhone 17 Demand "Off the Chart" - Shares rise 2% after beating estimates; CEO declares iPhone 17 demand exceptional; Apple differentiates with conservative AI spending approach versus competitors

Netflix Announces 10-for-1 Stock Split, Shares Rise 3% - Streaming giant's cosmetic split aims to attract retail investors by making shares more affordable; stock climbs on announcement

Airlines Unite to Demand End to 31-Day Government Shutdown - Delta, United, and American join White House roundtable with VP Vance; air traffic controllers miss first full paychecks; Chamber of Commerce says contractors losing $3 billion per week; CBO warns $7 billion GDP already wiped out

Chevron Beats Expectations with Record Production While Exxon Misses Revenue - Chevron posts record 4.1 million barrels daily production from Hess acquisition; Exxon reports revenue miss with net income down 12% to $7.55 billion

Automakers Face New Chip Shortage Nightmare After China Blocks Exports - China blocks Nexperia chip exports after Dutch government takeover; automakers set up "war rooms"; Honda reduces production; Stellantis tumbles 9.5% on one-off costs

Chocolate Prices Up 30% Since Last Halloween as Consumers Shift to Cheaper Candy - Chocolate up 78% over five years; share of Halloween candy sales drops from 52% to 44% as consumers choose cheaper alternatives amid sticker shock

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This episode is sponoserd by the best business card out there. The Capital One Venture X. Earn 150,000 Bonus Miles once you spend $30,000 in the first 3 months from account opening

Nvidia on Deal Spree as CEO Announces Domestic Chip Production in Arizona - Nvidia takes $1 billion stake in Nokia (shares up 22%), partners with Eli Lilly on AI drug discovery supercomputer, works with Lucid on self-driving; announces Blackwell GPU production now in Arizona instead of Taiwan; shares jump 5% toward $5 trillion valuation

Fed Announces Rate Decision Today with 99.9% Chance of Quarter-Point Cut - Federal Reserve expected to cut rates at 2 p.m. ET today with virtual certainty; investors watching for dissent and Powell's press conference clues on future policy amid data concerns from government shutdown

OpenAI Completes Restructuring with Microsoft Holding $135 Billion Stake - OpenAI Foundation now holds controlling $130 billion stake in for-profit OpenAI Group PBC; Microsoft confirmed to hold $135 billion investment (27% stake); Microsoft, Alphabet, and Meta report earnings after bell today

Government Shutdown Hits One Month as States Sue Over Food Stamp Benefits - Shutdown now second-longest in history; 24+ states sue Trump administration over SNAP benefits ending this weekend; federal judge extends ban on firing workers; air traffic controllers picking up second jobs while working without pay

Boeing Returns to Positive Cash Flow But Takes $4.9 Billion Charge on 777X Delays - Boeing reports first positive cash flow since 2023 but logs $4.9 billion charge for 777X delays; on track for most deliveries since 2018; CEO says "positive signs" but "still more work to do"

Mortgage Rates Hit One-Year Low at 6.3% as Refinancing Surges - 30-year mortgage rate drops to 6.3%, lowest in a year; refinancing hits highest level since mid-September; home-purchase applications rise for first time in five weeks as lower rates draw buyers back to market

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Today on the show:

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