Berkshire Hathaway's Annual Shareholder Meeting kicks off tomorrow morning with some very special guests

Berkshire Hathaway’s and Holder share annual shareholder meeting kicking off less than 24 hours from now. CNBC is going to have special live coverage of the big event starting tomorrow morning, 9:30 AM Eastern. Our senior markets commentator Mike Santoli is there as he usually is and he joins us now for a special midday word. It’s quite a day in the market. I’m sure it’s quite a day there. It’s going to be an amazing weekend. We’re looking forward to watching tomorrow, of course. What’s on your mind, given all of that? Well, yes, Scott, they did just open the doors here. So the public’s going to flood in any minute. And yes, we’ll be a busy meeting, busy meeting, busy weekend. I think what’s interesting too is, of course with with the Apple news here and with everything going on in the markets in the way of rates. There’s just so much, so many points of relevance in terms of where Berkshire’s position and what Buffett might have to say about all of that in his Q&A tomorrow. When it comes to Apple, what I find remarkable, and this is really at the heart of the discussion you guys were having on this and about the buyback and everything else is it’s exactly what he said about Apple all along, which is he bought it. He was attracted to it because it was a branded consumer products company. And you know what, for as long as I’ve been doing this, people have been having the same discussion about the valuation of Coca-Cola and Procter and Gamble and why do these things trade at 25 times earnings. It’s slow growth, it’s financial engineering, but they have a very high floor on on their business and the fundamental support is just there. Whether you want to pay that much for it right now, I’m not sure. But also the buyback, $110 billion right now it’s just business as usual. This is just what Apple does. You know, they had $100 billion one announced six years ago when the market cap of Apple was under a trillion and now you’re at 2.8 trillion. You’re talking about 110. It’s a smaller percentage, but it’s just that’s what they do. They have enough capital to share it in various forms while also investing. To me that’s why the MAG 7 is what it is. They live in a world without difficult trade-offs in terms of capital allocation. You’re are your feet bothering you, Mike? I don’t know why we’re taking a shot of that other than there’s a very famous Berkshire shareholder who I think once is a piece of this live shot. I was, I was like is my mic line trapped on my feet? Why is the crew grabbing me back here? Yeah, so that’s right is that is Bill Murray, he he is a well known Berkshire shareholder in the shot there. That’s one of the great parts of this weekend, right, Mike, It’s one of the great parts of the weekend. It’s one of the great parts of this weekend is that literally never know, you never know who’s going to show up, but shareholders from every everywhere do and and he is and has been a a Berkshire shareholder 100% for a long time. You know, it’s good that he managed to catch a break in life and got into the stock at relatively early time. No, I think it it absolutely is an interesting feature. This means there’s so many sort of side events and dinners and talks that do go on because everyone knows you have this collection of smart people with similar outlooks or priorities that are all gathered, you know right here in the middle of the country for a couple days. You’re a good sport with that. We might have known that something was going to happen, but I didn’t want to ruin the surprise for you or our viewers, frankly. Say hi to Mr. Murray for us and you have a great time. All right. Thank you. All right. That’s, that’s Mike Santoli. I think we’ll see you later on closing bell as well. Don’t forget 9:30 AM tomorrow on CNBC. You can watch the the annual meeting, which is always a great event. There it is as a reminder.