00:00 Brian Sozzi
Welcome to Morning Brief presented by Robin Hood, the home to commission free trading. I’m Finance Executive editor Brian Sazi. Let’s fire up three things you need to know today.
00:10 Brian Sozzi
First up, it’s the final trading day of 2025 and the Bulls have a lot to rejoice over. All three major industries are up double digit percentages this year, led by a 20% gain for the Tech Heavy Nasdaq.
00:22 Brian Sozzi
Who hasn’t had a good year? Salesforce investors. Despite the AI boom, shares of Mark Benny Offled Salesforce are down 20% this year.
00:31 Brian Sozzi
Next, it’s officially an end to an era at Berkshire Hathaway. 95-year-old Warren Buffett steps aside as CEO officially today, handing the gig off to successor Greg Abel. Fun fact here, Buffett has said he bought his first stock at the age of 11. Did you? Probably not.
00:51 Brian Sozzi
And lastly, insiders are running to own Nike. A few days after Apple CEO and long-time Nike board member Tim Cook bought $3 million of Nike shares, CEO Elliott Hill is aiming to send a powerful year-end signal of his own to investors.
01:04 Brian Sozzi
Hill has disclosed a $1 million purchase of Nike shares. Despite the buys, Nike stock is down 20% this year as Hill’s turnaround has moved much slower than expected.