Chapter 1: What is the main topic discussed in this episode?
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With Bloomberg News Now, I'm Doug Krisner, and we begin with earnings reported after the bell. Alphabet's fourth quarter revenue was above expectations. However, the company also said it plans to spend far more than investors had anticipated this year. CapEx is set to double in 2026. Here is Bloomberg's Caroline Hyde.
They are dialing this up because they must feel, it must be taken that they've felt from the market, you've got some bandwidth to do this right now. Because what we've heard time and time again, think of Microsoft's numbers, is that their issue isn't one of demand, it's one of supply. Shares in Alphabet were down by something greater than 1% in late U.S. trading.
Qualcomm gave a lackluster forecast for revenue in the current period, and the outlook only added to concern over component shortages and how that may drive up prices and in turn hurt consumer demand. Qualcomm is the largest maker of smartphone processors. Here's Jay Goldberg from Seaport Research Partners. So I think there's a near-term problem and a longer-term problem.
The near-term issue is memory. Memory prices are expensive. That cuts into everybody's margins. It's going to eventually cut into consumer demand. Phones will be more expensive because of the memory. It's a well-known story. So I think that's a near-term headwind. Longer term, I think Qualcomm has some pretty significant challenges, and I'm not sure they're ready to address them yet.
That's Jay Goldberg from Seaport Research Partners. Shares in Qualcomm were down by more than 9% in late U.S. trading. The sales forecast from the British chip designer Arm Holdings was disappointing, and right now U.S.
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Chapter 2: What are the recent earnings results for Alphabet?
listed shares in Arm down more than 6% in late U.S. trading. In the equity market today, the appetite for risk was diminished, and the rotation out of tech shares gathered momentum. Software firms were caught up in another wave of selling, but chipmakers saw bigger losses We had the Philadelphia Semiconductor Index down 4.3% today.
Chapter 3: How is Alphabet planning to increase its spending this year?
Now the NASDAQ 100 dropped nearly 1.8% and breached its 100-day moving average. That is a level seen by some analysts as a harbinger for more losses. Here is Sarah Hunt, Chief Market Strategist at Alpine Woods. The market was coming into all of this on fairly high levels and had a lot of expectations.
And even if you're meeting some of those, it's not good enough in an environment where people are starting to get scared again about what is going to get disrupted by AI. And you can hear more from Sarah Hunt on the Bloomberg Businessweek Daily podcast. The U.S. and Iran are set to meet in Oman on Friday to discuss a nuclear deal. Even so, President Trump sent a warning to Iran's leaders as U.S.
military forces entered the region. Here is Trump speaking exclusively to NBC News. I would say he should be very worried, yeah, he should be. As you know, they're negotiating with us. I know they are, but the protesters have said, you know, where are the Americans? You promised them we would have their back. Do we still have their back?
Well, we've had their back, and look, that country's a mess right now because of us. We went in, we wiped out their nuclear. So that's the question, if we wiped them out... You know, we have peace in the Middle East. If I didn't take out their nuclear, think of it, if we didn't take out that nuclear, We wouldn't have peace in the Middle East because the Arab countries could have never done that.
They were very, very afraid of Iran. They're not afraid of Iran anymore. President Trump speaking with NBC's Tom Yamous. Now, earlier today, the U.S. said it wanted to discuss other issues with Iran. However, Iranian leadership wants to limit discussions to its nuclear program. The Department of Homeland Security will immediately reduce its enforcement presence in Minneapolis by 700 agents.
White House Border Czar Tom Homan says the government will rely more on taking custody inside jails rather than making arrests in the community. More officers taking custody of criminal aliens directly from the jails means less officers on the street doing criminal operations. This is smart law enforcement, not less law enforcement. It's safer for the community, safer for the officers.
and safer for the alien.
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Chapter 4: What challenges is Qualcomm facing in its revenue forecast?
About 2,000 immigration agents will remain in Minnesota. The drawdown follows weeks of uproar after immigration agents shot and killed two U.S. citizens. Savannah Guthrie, co-host of the Today Show, has broken her silence about the disappearance of her 84-year-old mother, Nancy, as new details emerge.
Guthrie said in a recorded video posted on social media that her family has heard about a ransom letter in media reports. Here is Guthrie. We live in a world where voices and images are easily manipulated. We need to know without a doubt that she is alive and that you have her. We want to hear from you and we are ready to listen. Please reach out to us. That is Savannah Guthrie.
Now, authorities did not offer an update as investigators tried to piece together the moments before and immediately after the disappearance of Nancy Guthrie.
Chapter 5: What impact do component shortages have on consumer demand?
The chair of the Wall Street firm, Paul Weiss, is stepping down. Brad Karp resigned after a trove of emails detailed his close connections to disgraced financier Jeffrey Epstein. Scott Barchet will now lead Paul Weiss effective immediately. And that is News When You Want It with Bloomberg News Now. I'm Doug Crisner and this is Bloomberg. As a place to do business, the UK stands apart.
Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.