Dan Schwartzman

Today happens to be Andrew's 66th birthday.

In an interview on Bloomberg TV on Thursday, co-chief executive officer of Netflix Ted Sarandos gave more details as to why the streaming giant gave Warner Bros.

Discovery a seven-day window to re-engage with Paramount Skydance, who's locked in a bidding war for Warner Bros.

Sarandos also says Netflix's bid to acquire Warner Bros.

Discovery will lead to more films being released in theaters, something that Hollywood has been complaining about.

Despite all the Trump tariffs, the U.S.

trade deficit widened in December to $70.3 billion, resulting in a full-year deficit of just over $900 billion, one of the largest in data back to 1960.

The trade data was notably volatile in 2025 due to persistent tariff announcements from President Trump.

Gold and pharmaceutical imports are particularly choppy as companies race to beat higher duties.

Federal Reserve Bank of Minneapolis President Neil Kashkari says recent comments by National Economic Council Director Kevin Hassett, which were critical of a New York Fed study on tariffs, undermines the central bank's independence.

That's Federal Reserve Bank of Minneapolis President Neil Kashkari.

Hassett had called the study, which showed U.S.

companies were bearing most of the burden from President Trump's tariff hikes, an embarrassment.

Amazon has officially dethroned Walmart as the biggest global company by revenue.

The e-commerce giant reported 2,025 sales of $717 billion, while Walmart reported sales of $713.2 billion.

Amazon's growth rests largely on the importance of its cloud computing business, Amazon Web Services, which contributed to its revenue dominance.

Amazon's revenue has increased at almost 10 times the pace of Walmart's, fueled by a shift in consumer spending from stores to websites, as well as the cloud computing business.

We check markets all day long here at Bloomberg.

Heightened geopolitical worries are sending stocks lower.

The Dow currently down around three quarters of a percent.