Travis Hoium

Maybe Netflix is safer than we thought it was a couple of years ago.

So yeah, the multiples are still high, but where else are you going to be?

They maybe don't have the rights to the music, is the problem.

Yeah.

Yep.

Spotify does that too.

We will see what happens with all these subscription services, but I think the trend towards higher prices is something we're probably going to have to get used to.

When we come back, we're going to talk about the latest retail sales data.

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Retail sales data came out this week, and we heard about what happened during the holidays.

Sales were up 2.4% from a year ago, Rachel, but that was a little bit below analyst estimates of 2.7%, and Lou's K-shaped economy appears to be here with layoffs in tech driven by artificial intelligence.

Are we at risk of this retail sales decline continuing, or what do you see here?

All of the disruption that was supposed to come from AI, for the labor market anyways, doesn't appear to be here yet.

We will see if that continues throughout 2026.

When we come back, we're going to talk about one of the shocking earnings reports, or at least reactions from the market.

That's with Unity Software.

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Let's talk about earnings in Unity.