Mark Filippino

Israel says it's targeting the militant group Hezbollah, but Tehran calls the bombings of the Iran-backed group, quote, "...ceasefire violations."

U.S.

President Donald Trump yesterday said he wasn't informed that Iran halted negotiations.

He told NBC News it's fine if the talks are over and, quote, it doesn't mean we're going to go and start dropping bombs all over there.

Berkshire Hathaway is acquiring home builder Taylor Morrison.

It's Berkshire's first major deal since Warren Buffett retired as its CEO, and it signals that the holding company is betting big on the U.S.

property sector.

Oliver Barnes is the FT's U.S.

deals and activism correspondent.

He joins me now to talk about why this is a bit of a surprising move.

Hey, Oliver.

Hey, Mark.

So tell me about this acquisition under new CEO Greg Abel.

What's the vision here?

Yeah, tell me a little bit more about this bet because it does seem risky.

What does Berkshire Hathaway want to do with this kind of volatile sector?

Right, all right.

So I guess the other aspect of this is Greg Abel, who obviously came in to replace the famous Warren Buffett.

Were people expecting him to make big acquisitions like this one so soon after taking the helm?

So what does that look like?