Cocaine Trade Hits Record High as Smugglers Go Global

单集文稿 ...

• 00:03

  Warren Buffett marks the calendar for his departure from Berkshire Hathaway.

• 00:07

  Plus, the Trump factor propels another left-leaning leader to a surprise election victory,

• 00:13

  this time in Australia.

• 00:15

  And we'll hear from our South America bureau chief in Colombia as global cocaine production hits an all-time high.

• 00:23

  We're seeing semi-submersibles in the last few years heading to Spain.

• 00:28

  and Portugal into the South Pacific.

• 00:30

  So we're talking about 9,000 miles.

• 00:33

  These are dangerous trips,

• 00:35

  but that's how much money is to be made by selling cocaine in some of these countries.

• 00:39

  It's Monday, May 5th.

• 00:40

  I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,

• 00:46

  the top headlines and business stories moving your world today.

• 00:54

  Berkshire Hathaway chief executive Warren Buffett plans to step down at the end of the year,

• 00:59

  with the 94-year-old handing over the reins to his hand-picked successor Greg Abel.

• 01:05

  Abel's selection wasn't a surprise, though the timing of the announcement was,

• 01:09

  silencing a cavernous arena of investors in Omaha,

• 01:13

  Nebraska on Saturday and triggering a wave of tributes from Wall Street titans.

• 01:18

  While Buffett said that Abel would have final say at Berkshire starting next year,

• 01:22

  he said he didn't plan to disappear from the scene and used his remarks at the company's annual meeting,

• 01:29

  heard here courtesy of CNBC, to defend the global trade system,

• 全部文稿