1
00:00:02,680 --> 00:00:04,720
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:04,720 --> 00:00:07,720
Speaker 1: Doug Prisner. The Cell America trade was back in full

3
00:00:07,760 --> 00:00:11,600
Speaker 1: force across US financial markets today. President Trump's demand for

4
00:00:11,720 --> 00:00:16,759
Speaker 1: US control over Greenland stoked anxieties about potential worst case scenarios,

5
00:00:17,079 --> 00:00:19,680
Speaker 1: and that would include a rupture in the NATO alliance

6
00:00:19,840 --> 00:00:22,119
Speaker 1: or perhaps a full blown trade war between the US

7
00:00:22,160 --> 00:00:25,040
Speaker 1: and Europe. Over the weekend, Trump announced a new ten

8
00:00:25,079 --> 00:00:28,920
Speaker 1: percent levy on eight EU countries opposed to his plans

9
00:00:28,920 --> 00:00:33,200
Speaker 1: to seize Greenland. Today we heard from French President Emmanuel Macron.

10
00:00:33,320 --> 00:00:36,120
Speaker 1: He said the US TEARFF threats will not help the

11
00:00:36,120 --> 00:00:39,519
Speaker 1: global economy to thrive. Here is Macron speaking at the

12
00:00:39,520 --> 00:00:41,640
Speaker 1: World Economic Forum in Davos, Switzerland.

13
00:00:42,120 --> 00:00:44,919
Speaker 2: I mean doesn't make sense to have tariffs and be divided,

14
00:00:45,040 --> 00:00:48,040
Speaker 2: and even to threaten now with additional tourists, we can

15
00:00:48,200 --> 00:00:50,519
Speaker 2: use it. I mean the crazy things is that we

16
00:00:50,560 --> 00:00:54,320
Speaker 2: can be put in the situation to use the antiquersion

17
00:00:54,760 --> 00:00:58,600
Speaker 2: mechanism for the very first time visa visa US if

18
00:00:58,600 --> 00:00:59,640
Speaker 2: they put additional type.

19
00:01:00,240 --> 00:01:04,200
Speaker 1: President Emmanuel mccron speaking at the World Economic Forum. Meantime,

20
00:01:04,240 --> 00:01:08,160
Speaker 1: Treasury Secretary Scott Besson, also speaking at Davos said there

21
00:01:08,240 --> 00:01:10,880
Speaker 1: is a reason why President Trump has set his sights

22
00:01:10,920 --> 00:01:15,000
Speaker 1: on Greenland, and Besson told EU leaders do not retaliate.

23
00:01:15,360 --> 00:01:17,839
Speaker 1: Here is Besson on the sidelines of the World Economic

24
00:01:17,880 --> 00:01:20,320
Speaker 1: Forum speaking with Fox Business Conversation.

25
00:01:21,080 --> 00:01:24,160
Speaker 3: I tell everyone, sit back, take a deep breath, do

26
00:01:24,360 --> 00:01:28,880
Speaker 3: not retaliate, Do not retaliate. The President will be here

27
00:01:29,800 --> 00:01:34,080
Speaker 3: tomorrow and he will get his message across. I believe

28
00:01:34,360 --> 00:01:38,160
Speaker 3: he is going to have meetings and again also have

29
00:01:38,240 --> 00:01:43,000
Speaker 3: an open mind that you know why this rapid response

30
00:01:43,280 --> 00:01:46,800
Speaker 3: in terms of you know, this is a no. And

31
00:01:46,840 --> 00:01:50,040
Speaker 3: by the way, Maria, this has been in the minds

32
00:01:50,080 --> 00:01:52,600
Speaker 3: of American presidents for more than one hundred and fifty years.

33
00:01:52,640 --> 00:01:56,520
Speaker 1: That was US Treasury Secretary Scott Besson speaking to Maria

34
00:01:56,560 --> 00:02:01,120
Speaker 1: Bartiromo with the Fox Business Conversation at the World Economic

35
00:02:01,200 --> 00:02:04,760
Speaker 1: Forum in Davos. Incidentally, on Wednesday, President Trump will be

36
00:02:04,840 --> 00:02:08,960
Speaker 1: speaking to the gathering meantime. Finished President Alexander stub says

37
00:02:09,000 --> 00:02:12,400
Speaker 1: there is a short term need to de escalate language

38
00:02:12,440 --> 00:02:15,520
Speaker 1: on Greenland. He added that he's been communicating with President

39
00:02:15,520 --> 00:02:17,000
Speaker 1: Trump over the issue.

40
00:02:17,360 --> 00:02:22,960
Speaker 4: Of course, on the Greenland issue, I disagree with the President.

41
00:02:24,200 --> 00:02:26,160
Speaker 4: I think now what we need to do is to

42
00:02:26,440 --> 00:02:29,240
Speaker 4: bring down the temperature. We need to find an off

43
00:02:29,320 --> 00:02:32,840
Speaker 4: ramp and probably create some kind of a process which

44
00:02:32,840 --> 00:02:36,120
Speaker 4: will strengthen Arctic security. And sort of at the end

45
00:02:36,200 --> 00:02:39,080
Speaker 4: of the tunnel, I wish we could have a NATO

46
00:02:39,160 --> 00:02:42,360
Speaker 4: summit in Ankara where we all agree on a new

47
00:02:42,639 --> 00:02:44,120
Speaker 4: Arctic security.

48
00:02:43,680 --> 00:02:47,000
Speaker 1: That is finished. President Alexander stub speaking to Bloomberg on

49
00:02:47,040 --> 00:02:50,600
Speaker 1: the sidelines of the World Economic Forum in Davos after

50
00:02:50,639 --> 00:02:54,480
Speaker 1: the bell. Netflix reported fourth quarter results largely above Wall

51
00:02:54,480 --> 00:02:58,000
Speaker 1: Street estimates. However, the company did issue a cautious forecast

52
00:02:58,240 --> 00:03:01,640
Speaker 1: for the months ahead. Netflix is planning to increase spending

53
00:03:01,680 --> 00:03:04,359
Speaker 1: on films and TV shows by ten percent this year,

54
00:03:04,720 --> 00:03:07,440
Speaker 1: while at the same time moving ahead with plans to

55
00:03:07,520 --> 00:03:11,320
Speaker 1: buy the studio and streaming businesses of Warner Brothers Discovery.

56
00:03:11,600 --> 00:03:14,800
Speaker 1: We got reaction from John Belton at Gibelly Funds.

57
00:03:15,200 --> 00:03:20,720
Speaker 5: Top line numbers generally look pretty healthy. Good disc update

58
00:03:20,760 --> 00:03:23,079
Speaker 5: on the subscriber number at over three hundred and twenty

59
00:03:23,120 --> 00:03:26,240
Speaker 5: five million. That suggests that twenty twenty five was another

60
00:03:26,280 --> 00:03:29,360
Speaker 5: pretty solid year for member growth. I think the big

61
00:03:29,400 --> 00:03:31,800
Speaker 5: disappointment in terms of the numbers is just on the

62
00:03:31,840 --> 00:03:34,839
Speaker 5: margin guidance. Thirty one and a half percent. I think

63
00:03:34,840 --> 00:03:38,360
Speaker 5: that adjusts to about thirty two percent if my math

64
00:03:38,480 --> 00:03:41,720
Speaker 5: was correct, if you back out that acquisition related cost

65
00:03:41,800 --> 00:03:45,120
Speaker 5: number that they flagged. So I think that's probably okay,

66
00:03:45,200 --> 00:03:47,839
Speaker 5: but a little bit short of expectation.

67
00:03:48,040 --> 00:03:51,760
Speaker 1: John Belton of Gabelli Funds, speaking on Netflix. Top federal

68
00:03:51,800 --> 00:03:55,680
Speaker 1: prosecutor for the Eastern District of Virginia who pursued indictments

69
00:03:55,680 --> 00:03:59,520
Speaker 1: against a pair of President Trump's adversaries, is leaving her position.

70
00:04:00,040 --> 00:04:04,120
Speaker 1: Lindsay Halligan's departure comes as multiple judges cast doubt on

71
00:04:04,240 --> 00:04:07,000
Speaker 1: her ability to remain in the job after a court

72
00:04:07,080 --> 00:04:11,240
Speaker 1: ruling two months ago found her appointment was illegal. Halligan

73
00:04:11,320 --> 00:04:13,600
Speaker 1: was named to the job on an acting basis back

74
00:04:13,640 --> 00:04:17,360
Speaker 1: in September, and was pressured to pursue indictments against former

75
00:04:17,520 --> 00:04:22,159
Speaker 1: FBI Director James Comey and New York Attorney General Letitia James.

76
00:04:22,320 --> 00:04:25,240
Speaker 1: US forces have seized another tanker in the Caribbean. This

77
00:04:25,320 --> 00:04:28,320
Speaker 1: would be the seventh ship taken since President Trump announced

78
00:04:28,320 --> 00:04:31,919
Speaker 1: a blockade to prevent sanctioned vessels from going to or

79
00:04:32,040 --> 00:04:35,159
Speaker 1: from Venezuela. In a statement, the U. S. Southern Command

80
00:04:35,240 --> 00:04:38,799
Speaker 1: said the ship was operating in defiance of President Trump's

81
00:04:38,880 --> 00:04:43,560
Speaker 1: established quarantine of sanctioned vessels in the Caribbean. Supreme Court

82
00:04:43,680 --> 00:04:46,800
Speaker 1: is hearing arguments on Wednesday over President Trump's effort to

83
00:04:46,880 --> 00:04:50,479
Speaker 1: oust FED Governor Lisa Cook. More on that from Bloomberg,

84
00:04:50,520 --> 00:04:51,279
Speaker 1: Sammy Morrison.

85
00:04:51,400 --> 00:04:54,760
Speaker 6: Washington FED Chair J Powell is expected to attend the

86
00:04:54,800 --> 00:04:58,080
Speaker 6: Supreme Court hearing on the Trump administration's attempts to fire

87
00:04:58,160 --> 00:05:01,640
Speaker 6: FED Governor Lisa Cook based on allegations that she committed

88
00:05:01,720 --> 00:05:05,840
Speaker 6: mortgage fraud, which she denies. Cook spoke about those allegations

89
00:05:05,880 --> 00:05:08,320
Speaker 6: in November at the Brookings Institution.

90
00:05:08,080 --> 00:05:11,320
Speaker 3: And multiple briefs filed by my very skilled legal team.

91
00:05:11,680 --> 00:05:14,680
Speaker 3: Questions related to this case and its potential impact on

92
00:05:14,720 --> 00:05:17,520
Speaker 3: the Federal Reserve have been addressed at length.

93
00:05:17,760 --> 00:05:21,359
Speaker 6: Critics say the justices are being asked to effectively bless

94
00:05:21,400 --> 00:05:25,400
Speaker 6: Trump's efforts to undermine the Fed's independence, giving the president

95
00:05:25,440 --> 00:05:29,159
Speaker 6: the power over interest rate policy in Washington. Amy Morris

96
00:05:29,160 --> 00:05:30,200
Speaker 6: Bloomberg Radio.

97
00:05:30,160 --> 00:05:33,000
Speaker 1: And that is news when you want it with Bloomberg News. Now,

98
00:05:33,120 --> 00:05:34,880
Speaker 1: I'm Doug Risner, and this is Bloomberg