Eyes on Trump in Davos, Netflix to Boost Spending, More
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News when you want it with Bloomberg News Now, I'm Doug Krisner. The sell America trade was back in full force across U.S. financial markets. President Trump's demand for U.S. control over Greenland seemed to stoke anxieties about potential worst case scenarios, and that would include a rupture in the NATO alliance or perhaps a full blown trade war between the U.S. and Europe. Over the weekend, Trump announced a new 10% levy on eight EU countries opposed to his plans to seize Greenland. Today, President Trump faced backlash from UK Prime Minister Keir Starmer and French President Emmanuel Macron. Macron said the threat of U.S. tariffs will not help the global economy to thrive. Here is Macron speaking at the World Economic Forum in Davos, Switzerland.
I mean, it doesn't make sense to have tariffs and be divided and even to threaten now with additional tariffs. We can use it. I mean, the crazy thing is that we can be put in a situation to use the anti-coercion mechanism for the very first time vis-a-vis the U.S. if they put additional tariffs.
Now, President Trump downplayed the criticism from both Macron and Starmer.
They always treat me well. They get a little bit rough when they're, you know, when I'm not around. But when I'm around, they treat me very nicely. And, you know, I like both of them. They're both liberal. They have two problems, immigration and energy.
On Wednesday, President Trump will be speaking at the Davos gathering. After the bell, Netflix delivered fourth quarter results that largely beat Wall Street estimates. However, the company did issue a cautious forecast for the months ahead. Netflix also said it's planning to increase spending on films and TV shows by 10 percent this year, while at the same time moving ahead with plans to buy the studio and streaming businesses of Warner Brothers Discovery. Here is Netflix CEO Ted Sarandos.
We've already made progress towards securing the necessary regulatory approvals. We submitted our HSR filing. We're working closely with WBD and the regulatory authorities, including the U.S. Department of Justice and the European Commissions. We're confident we're going to be able to secure all the approvals because this deal is pro-consumer. It is pro-innovation. It's pro-worker, it is pro-creator, and it is pro-growth.
That is Netflix CEO Ted Sarandos. Shares in Netflix are down about 5% in late New York trading. The CEO of Google DeepMind says Chinese AI companies have not been able to innovate beyond the cutting edge of technology. Demis Hassabi said these companies remain about six months behind frontier AI of the leading Western labs. Hassabis also called a response to China's deep-seek moment as a massive overreaction. Now, some U.S. barriers to China's AI development are set to come down. President Trump is easing a ban on NVIDIA's most advanced chip exports to China. However, sales of the company's most advanced AI processors will remain blocked on national security grounds. Even so, shipping NVIDIA chips to China is controversial.
Here is Dario Amadei, the CEO of Anthropic.
I've called where we're going with this a country of geniuses and a data center, right? So imagine 100 million people smarter than any Nobel Prize winner, and it's going to be under the control of one country or another. So I think this is crazy. I think it's a bit like, I don't know, like selling nuclear weapons to North Korea at
That is Dario Amadei, the CEO of Anthropic, speaking to Bloomberg at the World Economic Forum in Davos, Switzerland. Federal prosecutors have served grand jury subpoenas to officials in Minnesota, and this will include Governor Tim Walz, as well as Attorney General Keith Ellison and Minneapolis Mayor Jacob Frye. These subpoenas are part of an investigation into whether officials obstructed federal immigration enforcement through the public statements they made. Walls and Fry have been critical of federal immigration officials after the deadly shooting of Rene Good by an ICE agent in Minneapolis. Here is Gregory Bovino, U.S.
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