Follow Warren Buffett’s commentary and all the action at Berkshire Hathaway’s annual meeting: Live updates

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The Berkshire Hathaway annual shareholders meeting Saturday will be broadcast exclusively on CNBC and livestreamed on CNBC.com. The special coverage will begin at 9:30 a.m. ET and all the day’s events will be chronicled here.

Chairman and CEO Warren Buffett is expected to field questions from Berkshire Hathaway shareholders who are attending the meeting in Omaha, beginning at 10:15 a.m. ET.

The event is always closely watched, but this year’s will be noteworthy because Buffett won’t have Charlie Munger by his side. The investing legend died on Nov. 28, 2024, just weeks before what would have been his 100th birthday. Munger, the former vice chairman of Berkshire, was known for his sharp wit, and his absence is being felt by the thousands attending the event.

Among the questions that will be top of mind at the “Woodstock for Capitalists” will be what Buffett’s mystery holding is. The firm was granted confidential treatment for an investment in past quarters, and it remains to be seen if that will continue or if Buffett will share more information at this weekend’s gathering.

5 Min Ago

Time to reveal secret bank stock?

There’s a chance that Buffett will reveal the mystery wager Berkshire has been buying for two quarters straight.

In the third and fourth quarters of 2023, Berkshire was granted confidential treatment to keep the details of one or more of its stock holdings confidential.

Many speculated that the secret purchase could be a bank stock as the conglomerate’s cost basis for “banks, insurance, and finance” equity holdings jumped by $3.59 billion in the second half of last year, according to separate Berkshire filings.

It’s relatively rare for Berkshire to request such a treatment. The last time it kept a purchase confidential was when it bought Chevron and Verizon in 2020.

— Yun Li

9 Min Ago

First meeting without Charlie Munger

The annual meeting could start on a somber note with the absence of Charlie Munger on everyone’s mind.

Pandemic lockdown apart, it will be the first without Munger, Buffett’s longtime partner who passed away in November at the age of 99.

For the first time, Berkshire will broadcast its annual meeting movie that had previously always been reserved only for those in attendance in Omaha. Many speculate this year’s will be a tear-jerker tribute to Munger.

Vice Chairman of Non-Insurance Operations Greg Abel, Buffett’s designated successor, will fill Munger’s seat in the afternoon session, helping answer shareholder questions.

Munger left a mark on generations of investors in a host of ways thanks to a long and fruitful life. He broadened Buffett’s investing approach to focus on quality companies selling at fair prices. Shareholders also appreciated Munger’s one-of-a-kind bluntness and humor.

— Yun Li

11 Min Ago

Here’s the schedule for CNBC’s coverage of the Berkshire Hathaway annual meeting

CNBC will be livestreaming Berkshire Hathaway’s annual shareholder meeting on Saturday, beginning at 9:30 a.m. ET. Viewers can expect a lively discussion that will provide insight into Warren Buffett’s view of the market, what types of deals Berkshire could make in the year ahead and other key topics.

Here is a rundown of the day’s events:

9:30 a.m. – 10:15 a.m.: Pre-show anchored by Becky Quick and Mike Santoli

10:15 a.m. – 1 p.m.: Berkshire Hathaway morning Q&A session

1 p.m. – 2 p.m.: Halftime show anchored by Becky Quick and Mike Santoli

2 p.m. – 4:00 p.m.: Afternoon Q&A session of annual meeting

4:00 p.m. – 4:30 p.m.: Post-show anchored by Becky Quick and Mike Santoli

Note: Schedule reflects Eastern Time

—Christina Cheddar Berk