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Bloomberg News Now

Greenland Saga Heats Up, Netflix Soft Guidance, More

21 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 24.418 Stephanie Flanders

Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond.

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24.398 - 31.472 Stephanie Flanders

Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.

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33.275 - 53.927 Doug Krisner

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 today. President Trump's demand for U.S. control over Greenland stoked anxieties about potential worst case scenarios. Now, that would include a rupture in the NATO alliance or perhaps a full blown trade war between the U.S. and Europe.

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54.308 - 71.634 Doug Krisner

It was over the weekend that Trump announced a new 10 percent levy. on eight EU countries opposed to Trump's plans to seize Greenland. And today, Trump faced backlash from UK Prime Minister Keir Starmer and French President Emmanuel Macron, although Trump played down their criticism.

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72.435 - 87.266 Donald Trump

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.

87.406 - 104.302 Doug Krisner

President Trump speaking there. Now, as a result of Trump's threats, the European Union has effectively suspended the ratification of the trade deal reached with the U.S. last summer. Here is U.S. Trade Rep. Jameson Greer speaking on the sidelines of the World Economic Forum in Davos, Switzerland.

104.822 - 115.252 Jameson Greer

Europe has done nothing to implement the trade deal. Nothing. So it's actually for the EU to say, well, we're suspending it. What are they suspending? Their continued negotiations with us.

115.272 - 116.353 Bob Michael

It hasn't been ratified.

117.903 - 124.833 Jameson Greer

Yeah, for example, when we made the trade deal with the Europeans, shortly thereafter, we modified our tariffs to be much lower.

Chapter 2: What are the implications of Trump's Greenland ambitions?

125.654 - 134.126 Jameson Greer

We cut them a deal on autos that other people don't have. We cut them a deal on other products other people don't have. Europeans have not lowered a single tariff for us.

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134.146 - 153.37 Doug Krisner

That is U.S. Trade Rep. Jameson Greer speaking on the sidelines of the World Economic Forum in Davos, Switzerland. Now, on Wednesday, President Trump is set to speak to this gathering. After the bell, Netflix delivered fourth quarter results that largely beat Wall Street estimates. However, the company issued a cautious forecast for the months ahead.

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153.95 - 171.788 Doug Krisner

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. We got reaction from David Joyce. He is senior analyst at Seaport Research Partners.

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171.937 - 183.232 David Joyce

They did beat in the December quarter, but it's always about what are you going to do for me next? And while the revenue guide was a little better than expected, the margin was a little bit lighter for the guidance.

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184.254 - 201.657 David Joyce

So I think people are concerned that maybe the Warner Brothers discovery deal does have something to do with a long-term growth outlook that the management has that might not be as rosy as investors had. I don't think that's yet the case. I think that'll still take time to

201.637 - 219.304 Doug Krisner

David Joyce there from Seaport Research Partners. United Airlines Holdings beat Wall Street estimates for the fourth quarter. The carrier anticipates a strong year for 2026, driven by demand from high spending domestic passengers as well. as international passengers.

219.704 - 239.823 Doug Krisner

Federal prosecutors have served grand jury subpoenas to officials in Minnesota and this list includes Governor Tim Walz, Attorney General Keith Ellison, as well as Minneapolis Mayor Jacob Frye. Now these subpoenas are part of an investigation into whether officials obstructed federal immigration enforcement through their public statements.

240.244 - 254.88 Doug Krisner

Walz and Frye have been critical of federal immigration officials after the deadly shooting of Rene Good by an ICE agent in Minneapolis. Meantime, President Trump said today, federal immigration agents sometimes make mistakes.

255.097 - 264.165 Donald Trump

They're going to make mistakes sometimes. ICE is going to be too rough with somebody. You know, they deal with rough people. Are they going to make a mistake? Sometimes it can happen.

Chapter 3: How is the EU reacting to Trump's trade threats?

364.217 - 368.563 Carol Masser

We've got insight on the people, the companies and trends that are shaping today's complex economy.

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368.663 - 383.282 Unknown

That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it.

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383.262 - 390.738 Carol Masser

We also have a lot of fun doing it. Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests.

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390.839 - 396.391 Unknown

And we are doing this all live each weekday. And then we bring you the best analysis in our daily podcast.

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396.591 - 400.68 Carol Masser

Search for Bloomberg Businessweek on YouTube, Apple, Spotify, or anywhere else you listen.

400.66 - 405.091 Unknown

Check it out on your way home from work to catch up on the conversations that you missed during the business day.

405.211 - 415.817 Carol Masser

And on the weekend, check it out for a complete wrap-up of your business week. That's the Bloomberg Business Week Daily Podcast. I'm Carol Masur. And I'm Tim Stanevex. Subscribe today wherever you get your podcasts.

418.784 - 446.597 Barry Ritholtz

I'm Barry Ritholtz, inviting you to join me for the Masters in Business podcast. Every week, we bring you fascinating conversations with the people who shape markets, investing, and business. CEOs, fund managers, billionaires, Nobel laureates, traders, analysts, economists, everybody that affects what's going on in the market, whether you own stocks, bonds, real estate, commodities, crypto,

446.577 - 468.819 Barry Ritholtz

You really need to hear these conversations. Sometimes it's behaviorists like Dick Thaler or Bob Schiller. Sometimes it's fund managers like Peter Lynch, Bill Miller, Ray Dalio. Sometimes it's authors, Michael Lewis, author of The Big Short and Moneyball. Regardless of the conversation, these are the folks that move markets each week.

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