Squawk Pod Warren Buffett’s New Job & A Nonalcoholic Cheers to 2026 1/2/26
8 snips
Jan 2, 2026 
Bill Shufelt, Co-founder and CEO of Athletic Brewing, dives into the booming world of non-alcoholic beer. He discusses the impressive growth of the category and Athletic Brewing's unique offerings, highlighting their 12 styles of NA beers and innovative mocktails. Bill taps into the 'sober-curious' trend, noting how health-conscious consumers are reshaping the beverage market. He also shares insights on nutrition-focused innovations and the company’s plans for retail expansion, making NA drinks more mainstream and socially accepted.
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Three-Year Rally Anchored In Earnings
- The U.S. market's strong three-year run was driven largely by earnings growth, not only AI exuberance.
- Watch Q1 breaks below December lows as an early warning of market instability.
Use Q1 Lows As A Risk Signal
- Monitor the market's early-year price action rather than calendar heuristics alone.
- If the first quarter breaks December's low, reduce conviction and reassess risk exposure.
Berkshire's Next Chapter With Big Cash
- Greg Abel inherits Berkshire with huge cash reserves and operating scale to deploy capital differently.
- Buffett staying chairman gives Abel runway but may shift emphasis toward operating investments.