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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Chrisner. We begin at the White House, where President

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Speaker 1: Trump earlier pushed to make the US as superpower in

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Speaker 1: artificial intelligence. He announced a massive private sector investment with

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Speaker 1: a price tag of five hundred billion dollars over four years.

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Speaker 1: Trump made the announcement alongside open AI's Sam Altman, Oracle

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Speaker 1: chairman Larry Ellison, and SoftBank CEO Masayoshi San. Their three

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Speaker 1: companies will invest through a new joint venture called Stargate.

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Speaker 2: Here's Trump, it'll sure the future of technology. What we

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Speaker 2: want to do is we want to keep it in

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Speaker 2: this country. China is a competitor and others a competitors.

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Speaker 2: We want we wanted to be in this country, and

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Speaker 2: we're making it available.

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Speaker 1: That is President Trump speaking there, and at the same

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Speaker 1: presser he reiterated that he is weighing a ten percent

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Speaker 1: tariff on China in retaliation for the flow of fentanyl

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Speaker 1: from China to both Mexico and Canada. Now this news

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Speaker 1: is weekend equity markets in both Hong Kong and on

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Speaker 1: the Chinese mainland. We got reaction from Luisa Falk, who

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Speaker 1: is China Equity strategist at the Bank of Singapore.

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Speaker 3: I think the market has started with a more cautious

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Speaker 3: done and expected that there will be numerous executive orders

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Speaker 3: being issued, including those related to tariff targeting China. But it,

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Speaker 3: I believe is what I would interpret is marginal positive

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Speaker 3: in a sense that tariff is still a focus, but

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Speaker 3: is probably delayed. It will not go away.

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Speaker 1: Luisa Folk there from the Bank of Singapore. Now, President

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Speaker 1: Trump said he's considering tariff's on China that could begin

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Speaker 1: as soon as February first. He's also planning twenty five

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Speaker 1: percent tariff for both Mexico and Canada in the coming weeks.

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Speaker 1: After the bell, we heard from Netflix. The company reported

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Speaker 1: its biggest quarterly gain in subscribers in history. The streaming

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Speaker 1: service benefited from its first major live sporting events as

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Speaker 1: well well is the return of squid Game. We got

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Speaker 1: reaction from David Joyce at Seaport Research Partners.

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Speaker 4: They started to dip their toe into sports. They didn't

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Speaker 4: want to be buying full seasons. They just wanted to

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Speaker 4: buy the more unique assets that people were going to

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Speaker 4: be tuning into more often than not. And you know

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Speaker 4: that's what they continued to do with having a couple

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Speaker 4: of NFL games on Christmas Day, and that's really where

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Speaker 4: advertisers are really allocating their spending as well.

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Speaker 1: David Joyce there from Seaport Research Partners, Shares and Netflix

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Speaker 1: were up fourteen percent in late US trading. Capital One

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Speaker 1: Financial posted higher fourth quarter profit that story from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 5: Net interest margin widened and credit card loans increased. CEO

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Speaker 5: Richard Fairbanks at fourth quarter results included steady top line

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Speaker 5: growth in the bank's domestic card business, strong originations under

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Speaker 5: return to loan growth in its auto business. The lender, meanwhile,

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Speaker 5: is closing in on completing its thirty five billion dollar

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Speaker 5: acquisition of rival Discover Financial Services, with shareholders of both

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Speaker 5: companies set to vote at separate meetings on February eighteenth

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Speaker 5: in New York. Charlie Pale Bloomberg Radio.

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Speaker 1: Meta Platforms is working on upgrades to its smart glasses.

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Speaker 1: The company is also exploring new wearable devices such as

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Speaker 1: watches and camera equipped earbuds, and we're told the efforts

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Speaker 1: include developing Oakley branded smart glasses for athletes. This year,

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Speaker 1: Meta is aiming to embed its artificial intelligence features into

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Speaker 1: more products here's Bloomberg's Mark German.

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Speaker 6: For Meta all in on AI right now, and the

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Speaker 6: best expression of AI is how it's integrated into hardware products. Obviously,

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Speaker 6: if you're not the device maker, you're not going to

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Speaker 6: be able to integrate AI. You see that Apple has

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Speaker 6: its own AI tucked into its devices. Google has its

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Speaker 6: own AI and its devices, Samsung has its own AI

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Speaker 6: and its devices. So for Meta really to be able

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Speaker 6: to be a leader in artificial intelligence, points to need

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Speaker 6: to push it not only to their applications on various platforms,

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Speaker 6: but build their own platforms to run it on.

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Speaker 1: That is Bloomberg's Mark German. Now, Meta is aiming to

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Speaker 1: release its first true augmented reality product around twenty twenty seven.

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Speaker 1: Goldman Sachs is promoting a new generation of leaders to

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Speaker 1: run its major business lines. Bloomberg's Todd Gillespie tells us

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Speaker 1: of the changes Goldman is making.

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Speaker 7: They're adding three new heads of their equities business, three

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Speaker 7: heads of fixed income, three heads of their banking units.

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Speaker 7: That also promoting a record number of people really to

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Speaker 7: their management committee. That's another fifteen people to a twenty

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Speaker 7: four person management committee. So this management committee is now

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Speaker 7: going to have thirty nine people on. It goes from

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Speaker 7: twenty four to thirty nine.

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Speaker 1: That is Bloomberg's Todd Gillespie. There By the way, these

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Speaker 1: changes do highlight the lack of gender representation in senior roles.

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Speaker 1: Only twenty three percent of the Management Committee are women.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner and this is Bloomberg