1
00:00:01,800 --> 00:00:04,800
Speaker 1: News when you want it with Bloomberg News Now. I'm

2
00:00:04,800 --> 00:00:08,480
Speaker 1: Brian Curtis in Hong Kong. Hollywood Studios and the sag

3
00:00:08,520 --> 00:00:11,520
Speaker 1: Aftra union have reached a tentative agreement to end the

4
00:00:11,560 --> 00:00:14,280
Speaker 1: actor's strike. More from Bloomberg's Doug Prisner.

5
00:00:14,440 --> 00:00:17,840
Speaker 2: The vote by the union's Theatrical Committee was unanimous. Common

6
00:00:17,880 --> 00:00:20,239
Speaker 2: ground was found on issues ranging from the use of

7
00:00:20,320 --> 00:00:24,160
Speaker 2: artificial intelligence to payment from streaming services, and now, after

8
00:00:24,200 --> 00:00:26,480
Speaker 2: four months, the strike by some one hundred and sixty

9
00:00:26,560 --> 00:00:30,240
Speaker 2: thousand actors is over. The previously striking screenwriters have been

10
00:00:30,280 --> 00:00:31,960
Speaker 2: back on the job for more than a month, so

11
00:00:32,080 --> 00:00:35,600
Speaker 2: now production of scripted TV shows and movies can resume.

12
00:00:35,920 --> 00:00:38,839
Speaker 2: And like the writers, the actors' union benefited from direct

13
00:00:38,840 --> 00:00:41,919
Speaker 2: involvement in the talks by some of the most powerful

14
00:00:41,920 --> 00:00:45,040
Speaker 2: people in Hollywood. In New York, I'm Doug Prisoner Bloomberg Radio.

15
00:00:45,520 --> 00:00:49,400
Speaker 1: It was a contentious third Republican presidential debate in Miami.

16
00:00:49,720 --> 00:00:53,000
Speaker 1: There were questions over foreign policy crises and the party's

17
00:00:53,080 --> 00:00:57,200
Speaker 1: latest election losses. On that the candidates blamed former President

18
00:00:57,240 --> 00:01:00,640
Speaker 1: Donald Trump. Here's Bloomberg political contributor Rick Davis.

19
00:01:00,920 --> 00:01:03,360
Speaker 3: They had to address the elephant in the room, and

20
00:01:04,200 --> 00:01:07,360
Speaker 3: it didn't disappoint. I mean, everybody had their talking points,

21
00:01:07,360 --> 00:01:09,840
Speaker 3: whether it was the eight trillion dollars of debt that

22
00:01:10,080 --> 00:01:14,600
Speaker 3: Donald Trump created or his unwillingness to close the border

23
00:01:14,800 --> 00:01:17,080
Speaker 3: nability to do it Rick Davis.

24
00:01:17,480 --> 00:01:20,840
Speaker 1: The candidates also vowed to ban TikTok. They cited not

25
00:01:20,920 --> 00:01:25,080
Speaker 1: only concerns about data collection, but also anti Semitic content

26
00:01:25,240 --> 00:01:28,600
Speaker 1: on the app. The global criticism of Israel's war against

27
00:01:28,640 --> 00:01:32,920
Speaker 1: Thomasi's building, with the UN Secretary General offering words of advice.

28
00:01:33,240 --> 00:01:34,920
Speaker 1: Bloomberg's Nancy Lyons.

29
00:01:34,600 --> 00:01:39,680
Speaker 4: Reports Secretary General Antonio Gucerez is especially concerned about the

30
00:01:39,800 --> 00:01:43,479
Speaker 4: number of civilians killed in Gaza, especially children. When when

31
00:01:43,560 --> 00:01:46,480
Speaker 4: looks at the number of civilians that were killed with

32
00:01:46,520 --> 00:01:50,800
Speaker 4: the military operations, that is something that is clearly wrong.

33
00:01:51,280 --> 00:01:54,280
Speaker 4: And Guchera is speaking at the Reuter's next conference, says

34
00:01:54,560 --> 00:01:57,440
Speaker 4: Israel is losing in the court of public opinion when

35
00:01:57,520 --> 00:02:01,680
Speaker 4: day after day people are seeing the humanity crisis in Gaza.

36
00:02:01,800 --> 00:02:03,680
Speaker 4: I'm Nancy Lions Bloomberg Radio.

37
00:02:04,320 --> 00:02:06,920
Speaker 1: You know the news. The European Unions Executive arm has

38
00:02:07,000 --> 00:02:11,120
Speaker 1: formally recommended opening membership talks with Ukraine. It's a major

39
00:02:11,200 --> 00:02:14,040
Speaker 1: step in a process that will now proceed to Ukraine

40
00:02:14,120 --> 00:02:18,959
Speaker 1: implementing a series of reforms in Brussels. Bloomberg's Jorge Valero says,

41
00:02:19,240 --> 00:02:22,040
Speaker 1: it's a big day for Ukraine and the EU as well.

42
00:02:22,560 --> 00:02:28,320
Speaker 5: It's part of a brother geopolitical scenario where EU is

43
00:02:28,400 --> 00:02:32,679
Speaker 5: facing pressure from Russia. Of course Russia medline in the

44
00:02:32,840 --> 00:02:38,040
Speaker 5: EUS bacter but also China's assertive right. So, as the

45
00:02:38,080 --> 00:02:42,919
Speaker 5: President of the Commission said, becoming a bigger European Union

46
00:02:43,160 --> 00:02:46,480
Speaker 5: with the accession of Ukraine and other countries that are

47
00:02:46,480 --> 00:02:50,720
Speaker 5: are quing, will give us also a bigger and stronger voice.

48
00:02:51,080 --> 00:02:54,440
Speaker 1: Bloomberg's Jorge Valero. One voice that might stand in the

49
00:02:54,480 --> 00:02:58,280
Speaker 1: way of Ukraine's membership is Hungary Prime Minister Victor Orban

50
00:02:58,440 --> 00:03:01,680
Speaker 1: is one of Russia's closest down in the European Union.

51
00:03:02,320 --> 00:03:05,800
Speaker 1: After the Bell, Disney posted better than expected fourth quarter earnings,

52
00:03:05,880 --> 00:03:09,160
Speaker 1: the theme parks delivering a thirty one percent profit, and

53
00:03:09,240 --> 00:03:12,840
Speaker 1: there were other standouts as well. Here's Bloomberg's Geeta Ranganathan.

54
00:03:13,160 --> 00:03:16,360
Speaker 6: We saw them actually taking up their cost savings target.

55
00:03:16,400 --> 00:03:18,519
Speaker 6: It's up now by two billion, from five and a

56
00:03:18,560 --> 00:03:21,399
Speaker 6: half to seven and a half billion. They're reducing their

57
00:03:21,440 --> 00:03:25,200
Speaker 6: cash content spend. They're moving really aggressively to kind of

58
00:03:25,240 --> 00:03:27,640
Speaker 6: restructure the company. But most important, and I think this

59
00:03:27,680 --> 00:03:30,240
Speaker 6: is a really critical metric, is they really guided to

60
00:03:30,280 --> 00:03:33,320
Speaker 6: a strong jump in free cash flow, almost a sixty

61
00:03:33,360 --> 00:03:37,080
Speaker 6: percent jump in twenty twenty four. So they're really moving

62
00:03:37,200 --> 00:03:39,880
Speaker 6: from you know, and Bob Bieger said this aptly. They

63
00:03:39,920 --> 00:03:43,160
Speaker 6: said they're moving from a fix to a build phase

64
00:03:43,160 --> 00:03:45,480
Speaker 6: as they positioned this company for you know, its next

65
00:03:45,480 --> 00:03:46,440
Speaker 6: phase of growth.

66
00:03:47,280 --> 00:03:50,000
Speaker 1: Gita Ranganathan. The stock gained three and a half percent

67
00:03:50,080 --> 00:03:54,080
Speaker 1: in late trading. Also, Armholdings delivered its first earnings report

68
00:03:54,160 --> 00:03:57,280
Speaker 1: since its initial public offering. The company said revenue in

69
00:03:57,320 --> 00:03:59,480
Speaker 1: the current quarter will be seven hundred and twenty to

70
00:03:59,520 --> 00:04:02,520
Speaker 1: eight hundred million. Now the midpoint of that would fall

71
00:04:02,600 --> 00:04:05,240
Speaker 1: short of the seven hundred and seventy three million analysts

72
00:04:05,240 --> 00:04:07,400
Speaker 1: had estimated. Here's Bloomberg's Ian King.

73
00:04:07,680 --> 00:04:09,800
Speaker 7: The biggest part of that business still and the biggest

74
00:04:09,800 --> 00:04:12,920
Speaker 7: part of everybody's business is the smartphone business. And that

75
00:04:13,240 --> 00:04:17,400
Speaker 7: are smartphones that get shipped. The more revenue that comes

76
00:04:17,440 --> 00:04:19,600
Speaker 7: in for ARM, and that is the market as we've

77
00:04:19,600 --> 00:04:22,279
Speaker 7: seen from Qualcom, as we've seen from global foundaries, that

78
00:04:22,400 --> 00:04:24,479
Speaker 7: is still far from where it was.

79
00:04:24,920 --> 00:04:28,520
Speaker 1: ARM also said uncertain timing for new licensing deals contributed

80
00:04:28,520 --> 00:04:32,040
Speaker 1: to its conservative forecast. And that's news when you want it.

81
00:04:32,040 --> 00:04:36,039
Speaker 1: With Bloomberg News Now, I'm Brian Curtis. This is Bloomberg