Warren Buffett Is Stepping Down. What’s Next for Berkshire Hathaway?

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• 00:03

  Beijing's Made in China plan has helped it close the technology gap with the West.

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  Plus, what will Berkshire Hathaway look like without Warren Buffett at the helm?

• 00:12

  The question is always going to be Warren Buffett's presence there.

• 00:16

  To what extent does that create a halo or a premium in the value of Berkshire as a company?

• 00:23

  We'll see.

• 00:24

  And the Trump administration plans to offer $1,000 payments to migrants who leave the country.

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  It's Monday, May 5th.

• 00:31

  I'm Alex Osola for The Wall Street Journal.

• 00:33

  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

• 00:46

  We kick off today with the U.S. economy.

• 00:49

  President Trump is downplaying concerns over further economic turmoil.

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  He's stepping up pressure on Congress to pass a tax and spending bill,

• 00:56

  which would extend cuts made during the first Trump administration.

• 01:00

  And according to a senior administration official,

• 01:03

  the White House aims to announce at least one deal with a country seeking to escape higher tariffs in the coming week.

• 01:09

  This person said that the president and his advisors are feeling somewhat more confident about the economy amid some signs of resiliency,

• 01:16

  including a streak of stock market gains and a better-than-anticipated jobs report on Friday.

• 01:21

  Many economists still expect a trade-induced slowdown later this year.

• 01:26

  Employers, too, are worried.

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