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Warren Buffett and his wife Astrid attended the very-rich-people gathering in Sun Valley, Idaho. Apparently, Astrid was grumbling about a $4 coffee — and that's not even the most relatable part. That's because Warren Buffett is all of us, except with $115 billion in his bank account (sort of). As a journalist, this is only 50% relatable, but reading through billionaire quotes is not a bad day at the metaphorical office. This factoid, about a six-year-old Warren Buffett starting a business selling chewing gum, is maybe less relatable in its details, but who among us has not at some point worked in retail?
Persons: Warren Buffett, Astrid, grumbling, that's, Astrid Menks, Menks, Warren Buffet, Warren wasn't grumbling, Bill Gates, Baby Buffett, Buffett, he's Organizations: New York, Twitter Locations: Sun Valley , Idaho, Omaha
Elite guests sported neutral looks seemingly inspired by the quiet luxury of "Succession." Morning Brew Insider recommends waking up with, a daily newsletter. But that's exactly what the paths around town became as billionaire and CEO guests strolled and biked between conference sessions at this year's Allen & Co. event. The fashion choices of the business elite seemed to evoke the luxury style seen on the hit HBO TV show "Succession," with a focus on muted tones and casual wear. Here's what the Who's Who of the business world wore at the Sun Valley conference this week.
Persons: strolled, Allen, it's Organizations: Allen, Co, athleisure, HBO, Sun Locations: Swiss, Sun Valley , Idaho
With both writers and actors on strike, Hollywood hasn't faced this situation in more than 60 years. SAG-AFTRA union members on Friday hit the picket lines alongside Hollywood writers, who've been striking for nearly three months. Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment," the spokesperson said in a statement. Union members were quick to decry his remarks as incendiary and out of touch. The 25-year-old has been there since May, when the writers' strike all but paralyzed production in Los Angeles and New York this spring.
Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, , Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, AMPTP, Disney, CNBC, Union, Netflix, Atlas Financial Advisors Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA
Marc Andreessen, speaking on a panel with Peter Thiel, backed a Zuckerberg-Musk cage fight. Andreessen and Thiel also said, unrelated, that attendees should homeschool their kids. Billionaire investor Marc Andreessen is apparently rooting for Tesla's Elon Musk and Meta's Mark Zuckerberg to square off in a cage match. He and PayPal cofounder Peter Thiel also urged the event's attendees to homeschool their children, Puck reported. Representatives for both Andreessen and Thiel did not immediately respond to Insider's request for comment.
Persons: Marc Andreessen, Peter Thiel, Zuckerberg, Andreessen, Thiel, Elon Musk, Mark Zuckerberg, Puck's Dylan Byers, Andreessen Horowitz, Puck Organizations: Morning, Allen & Company, Allen, Co, Zuckerberg, New York Times, Thiel Locations: Sun Valley , Idaho, Idaho, Silicon
Hulu As part of Disney's future streaming business, Hulu is expected to be a strategic asset. "I don't think that Bob's going to get out of paying very little for Hulu," Jim said, which could lead to further pressure on the entertainment giant's balance sheet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Disney CEO Bob Iger speaking with CNBC's David Faber at the Allen&Co.
Persons: Walt Disney, Bob Iger's, , Jim Cramer, Bob, Jim, Bob Iger —, Iger, Bob Chapek, ESPN Iger, Ron DeSantis, DeSantis, Iger's, Jim Cramer's, Bob Iger, CNBC's David Faber, David A Organizations: Disney, CNBC, Sun, ESPN, Apple, Apple Vision, Hulu, Comcast, Parks, Flordia, Netflix, Disney Entertainment, Allen, Grogan Locations: Idaho, Wells Fargo, Hulu, Florida, Sun Valley , Idaho
Watch CNBC's full interview with Wasserman CEO Casey Wasserman
  + stars: | 2023-07-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wasserman CEO Casey WassermanCNBC’s Julia Boorstin and Wasserman CEO Casey Wasserman join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV, the value of live sports, the impact of Hollywood strike on media, and more.
Persons: Casey Wasserman, Julia Boorstin, Wasserman Organizations: Wasserman, Hollywood Locations: Sun Valley , Idaho
Astrid Buffett was heard at "summer camp for billionaires" complaining about $4 coffee, the New York Post reports. US coffee shops charge an average of nearly $5 per cup of coffee, according to a previous Insider report. Astrid's husband, Warren Buffett, is known to be frugal. At the so-called "summer camp for billionaires," 77-year-old Astrid Buffett was heard complaining about having to pay $4 for a cup of coffee, the Post said. Warren Buffett and his second wife, Astrid, have been married since 2006.
Persons: Astrid Buffett, Warren Buffett, Buffett's, Berkshire Hathaway, Bill Gates, Buffett, Astrid, Astrid Menks, Warren Organizations: New York Post, Allen, Berkshire, Oracle, Post, NPD Group, US Bureau of Labor Statistics Locations: Sun Valley , Idaho, griping, Omaha, Sun Valley, Sun
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCasey Wasserman on future of live sports: It will sit at the top of the value chainCNBC’s Julia Boorstin and Wasserman CEO Casey Wasserman join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV, the value of live sports, the impact of Hollywood strike on media, and more.
Persons: Casey Wasserman, Julia Boorstin, Wasserman Organizations: Hollywood Locations: Sun Valley , Idaho
Wells Fargo is bullish on the potential sale of Disney 's noncore linear assets. Disney's segment operating income compound annual growth rate is currently 15% and could jump to 20% with the divestitures, Cahall calculated. "They may not be core to Disney," Iger told CNBC's David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho. Disney's TV network portfolio includes ABC and ESPN, although Iger said he's open to finding a strategic partner with ESPN . Wells Fargo sees the potential sale of the TV assets as just one step in the company's turnaround plan.
Persons: Wells, Steven Cahall, Bob Iger, Iger, CNBC's David Faber, Wells Fargo, Cahall, Rome wasn't, Iger's, — CNBC's Michael Bloom Organizations: Disney, ESPN, Allen & Co, ABC Locations: Sun Valley , Idaho, Rome
This post originally appeared in the Insider Today newsletter. Power players like Apple's Tim Cook and Disney's Bob Iger have descended on Idaho's Sun Valley Lodge for the annual and ultra-exclusive Allen & Co. conference. Allen & Co.'s annual conference in Sun Valley, Idaho, often referred to as "summer camp for billionaires," is a who's who of the biggest players in media and tech. But just because we're not there doesn't mean we can't speculate on what the biggest topics of discussion might be. I talked to Alison Brower, our LA bureau chief, and Alistair Barr, Insider's global tech editor, about what some of the most powerful people are talking about behind closed doors.
Persons: Tim Cook, Bob Iger, Discovery's David Zaslav, OpenAI's Sam Altman, we're, Alison Brower, Alistair Barr Organizations: Allen, Co, Warner Bros, Milken, Sun Locations: Sun Valley , Idaho, Davos
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on ESPN: Bullish on sports but open to finding a new strategic partnerCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the fate of ESPN, sports media landscape, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: ESPN, Disney Locations: Sun Valley , Idaho
Disney has held off from putting its prime ESPN content on its ESPN+ streaming service as it continues to make billions of dollars in revenue each year through traditional cable TV. Disney has held early conversations with potential partners that could improve an ESPN streaming service by extending its distribution and adding content, Iger said. Disney is open to potentially selling an equity stake in ESPN and is looking for a strategic partner in the business as it prepares to transition the sports network to streaming, CEO Bob Iger said Thursday. But in the traditional cable TV business model, ESPN made money per cable subscriber — whether a person watched or not. In addition to finding a strategic partner for ESPN, Iger said he was open to selling or spinning off Disney's legacy cable networks, including FX and NatGeo, and its broadcast group, ABC Networks.
Persons: Iger, CNBC's David Faber, Bob Iger, Brian Roberts, Bob Chapek Organizations: Disney, ESPN, Hearst Communications, CNBC, FX, ABC Networks, Comcast, Apple, Google, Amazon, National, YouTube, Major League Soccer Locations: Sun Valley , Idaho, Hulu
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on linear TV: Disruptive forces are greater than I thoughtCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV business, and whether he may look to spin off the business.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on media landscape: Challenges are greater than I had anticipatedCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of the company, coming out of retirement and contract extension, business growth opportunities, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on Ron DeSantis: The attacks on Disney are 'preposterous and inaccurate'CNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the company's parks business, pricing strategies, ongoing fight with Florida Governor Ron DeSantis, and more.
Persons: Bob Iger, Ron DeSantis, David Faber, Florida Governor Ron DeSantis Organizations: Disney, Florida Governor Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on Marvel and Star Wars: Pulling back to find focus and contain costsCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of the company, coming out of retirement and contract extension, business growth opportunities, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: Marvel, Star, Disney Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Disney CEO Bob Iger on streaming wars and future of media businessCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of the company, coming out of retirement and contract extension, business growth opportunities, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on $4.9 billion Denbury deal: It allows us to further reduce emissionsExxon Mobil chairman and CEO Darren Woods joins CNBC's Becky Quick from Sun Valley, Idaho to discuss the $4.9 billion acquisition of Denbury, how the Inflation Reduction Act played a role in the deal, and more.
Persons: Darren Woods, Becky Quick Organizations: Exxon Mobil, Mobil, Denbury Locations: Sun Valley , Idaho
To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.
Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, , Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida
Allen & Co.'s annual conference, aka "summer camp for billionaires," is expected to start Wednesday. Its ultrawealthy guests began landing this week for the summit at Sun Valley, Idaho. Tim Cook, Sam Altman, and Marc Benioff are among the tech elite in attendance. Morning Brew Insider recommends waking up with, a daily newsletter. Loading Something is loading.
Persons: Allen, Tim Cook, Sam Altman, Marc Benioff, who's Organizations: Co, Morning, Hollywood, Allen Locations: Sun Valley , Idaho, newsrooms
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflection A.I. 's Reid Hoffman: A.I. is the new industrial revolution, the 'cognitive revolution'CNBC's Julia Boorstin sits down with LinkedIn Co-Founder Reid Hoffman in Sun Valley, Idaho to talk his A.I. investments, the future of the A.I. space and more.
Persons: Reid Hoffman, Julia Boorstin Organizations: LinkedIn Locations: Sun Valley , Idaho
Private jets are already arriving in Sun Valley, Idaho ahead of the "summer camp for billionaires." Private jets have already begun piling up outside of small town Sun Valley, Idaho as some of the world's most powerful people head to Allen & Co's annual conference — also known as "summer camp for billionaires." Since Tuesday morning, over 40 private jets have flown through the nearby Friedman Memorial Airport ahead of the conference, with at least another 100 scheduled to arrive throughout the day, according to FlightAware. In 2021, the airport was so swamped with private jets that the FAA had to delay incoming flights until traffic dropped. Amazon founder Jeff Bezos and OpenAI CEO Sam Altman are expected to attend the event, according to Bloomberg.
Persons: Bill Gates, Jeff Bezos, Mark Zuckerberg, , Drew Angerer, Tim Cook —, Louis Vuitton, Bernard Arnault, Chris Pomeroy, he's, Pomeroy, Sam Altman, Bob Iger Organizations: Private, Allen, Friedman, Federal Aviation Administration, FAA, Nike, The New York Times, Staff, Getty, Embraer, Cessna, Bombardier Global, Apple, Sun, Friedman Memorial Airport, New York Times, The Washington Post, ABC, Amazon, Bloomberg, Disney, Variety Locations: Sun Valley , Idaho, Valley , Idaho, Friedman, Sun Valley
The Northern Lights are expected to be visible from 17 states on Thursday. It includes places as far south as New York and Maryland, The Associated Press reported. You should get away from city lights between 10 p.m. and 2 a.m. local time to get a good view. Thursday's lights are set to be more visible as the forecasted solar storm will result in increased auroral activity. According to the Geophysical Institute, in one rare event in 1958, the Northern Lights were even visible from Mexico City.
Organizations: Associated Press, Service, AP, Geophysical Institute, University of Alaska, Fairbanks, Atmospheric Administration Locations: New York, Maryland, Wall, Silicon, Canada, Scandinavia, Alaska , Oregon, Washington , Idaho , Montana , Wyoming, North Dakota, South Dakota, Minnesota , Wisconsin , Michigan, New York , New Hampshire , Vermont , Indiana , Maine, Annapolis , Maryland, Boise , Idaho, Riverton , Wyoming, California, Arizona, Mexico City
Patriot long-range air defence systems of the German Bundeswehr armed forces are deployed at Vilnius Airport ahead of the upcoming NATO Summit in Vilnius, Lithuania on July 7, 2023. "I don't think it's ready for membership in NATO," President Joe Biden told CNN in an interview airing Sunday. More than two-thirds of alliance members have banned the weapon because it has a track record for causing many civilian casualties. As for Ukraine's possible entry into NATO, the alliance said in 2008 that Kyiv eventually would become a member. "That's an issue that will cause tension and dissent, and that's not what the Vilnius summit is all about," he said.
Persons: NATO's, Joe Biden, Donald Trump, Biden, Douglas Lute, Barack Obama, Vladimir Putin, Wagner, Lute, Mitch McConnell, Putin, Daniel Fried, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Finland, Erdogan, It's, Anders Fogh Rasmussen, Max Bergmann, They've, Bergmann, Viktor Orban, Idaho Sen, Jim Risch, aren't, Risch, I'm, we've, Jens Stoltenberg, who's, Mette Frederiksen, Stoltenberg, Rasmussen, Skip Davis, that's Organizations: German Bundeswehr, Vilnius Airport, NATO Summit, NATO, CNN, Republican, Kentucky, Associated Press, Putin, Atlantic Council, Ukraine, State Department, Center for Strategic, International Studies, Senate Foreign Relations, Danish, Center for Locations: German, Vilnius, Lithuania, Russian, Ukraine, Sweden, Eastern Europe, United States, Israel, Moscow, Finland, U.S, Russia, Kyiv, Poland, Estonia, Latvia, Czech Republic, Turkey, Stockholm, Idaho, Hungary, Baltic, Norwegian, Danish
New York CNN —Republican attorneys general from seven states signed a letter Wednesday to Target (TGT), warning clothes and merchandise sold as part of the retail giant’s Pride month campaigns could violate their state’s child protection laws. Nineteen states have passed laws restricting it. And more than 1 in 5 of Gen Z identify as LGBTQ+ – so we’re also their future. In May, Target said it was removing some products celebrating Pride Month after the company and its employees became the focus of a “volatile” anti-LGBTQ campaign. Target said it removed from shelves “items that have been at the center of the most significant confrontational behavior.”Target did not have comment on the letter.
Persons: Theys, Katya ’, It’s, ” Jay Brown, HRC’s, Gen, we’re, Target Organizations: New, New York CNN, AGs, Rights, Training, Research, CNN, Human Locations: New York, Indiana , Arkansas , Idaho , Kentucky , Mississippi , Missouri, South Carolina
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