Kim Vinnell

But the big picture, it says, is much rosier.

The streamer has blown past 325 million subscribers, helping Netflix get in ahead of Wall Street's revenue expectations for the fourth quarter, bringing in over $12 billion.

But the big thing on investors' minds?

Netflix has updated all-cash offer to buy Warner Bros.

in a bid to shut the door on Paramount.

Business of Entertainment correspondent Dawn Chmielewski has more.

But that's not the whole story.

As we mentioned, Netflix's stock fell after it reported its results.

The legal fight over the immigration crackdown in the U.S.

is heating up.

The Justice Department has served grand jury subpoenas to Minnesota Governor Tim Walz, the state's attorney general, and the mayor of Minneapolis, investigating whether their public opposition to the immigration surge amounts to a crime.

The subpoenas demand documents on their cooperation, or lack of it, and come after weeks of highly visible, sometimes violent, enforcement operations in Minneapolis that have sparked protests.

One ended with a federal agent fatally shooting an American woman.

Minnesota officials say the investigation is a partisan effort to intimidate them.

The Trump administration's pressure on the Federal Reserve will be tested today at the Supreme Court, as justices hear arguments in the case against Federal Reserve Governor Lisa Cook.

Trump announced he was firing Cook after the Department of Housing and Urban Development opened an investigation into her, claiming she lied on a mortgage document before she was Fed governor.

Fed reporter Howard Schneider says the court's decision on this case could have a lasting impact on the central bank.

A shift in tone now from President Trump on Venezuelan opposition leader Maria Corina Machado.

Saying he's considering involving her without elaborating on what role she could play.

His comments coming after she gave him her Nobel medal last week.