Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News When You Want It with Bloomberg News Now.
Chapter 2: What led to the end of the partial U.S. government shutdown?
I'm Doug Krisner. The partial U.S. government shutdown is over after President Trump signed a funding deal he negotiated with Senate Democrats.
This bill is a great victory for the American people. Instead of a bloated and wasteful omnibus monstrosity full of special interest handouts, we've succeeded in passing a fiscally responsible package that actually cuts wasteful federal spending while supporting critical programs for the safety, security, and prosperity of the American people.
So the government is now funded through September 30th.
Chapter 3: What are the implications of the U.S. Navy shooting down an Iranian drone?
Even so, the Department of Homeland Security has funding only through February 13th, as the president continues to negotiate with Democrats on new restraints for immigration enforcement agents. Here is Bloomberg's Megan Scully.
Democrats have put forth several demands, including ICE agents and Border Patrol agents that are in American cities, Minneapolis and elsewhere, taking their masks off. And that has been a nonstarter with House Speaker Mike Johnson.
We have seen the Department of Homeland Security actually came out yesterday and said that ICE agents will be wearing body cameras, which has been another point of contention.
That is Bloomberg's Megan Scully. The U.S. Navy shot down an Iranian drone headed toward a U.S.
Chapter 4: How are U.S.-Iran diplomatic talks expected to unfold?
aircraft carrier in the Arabian Sea. U.S. Central Command said the unmanned aircraft aggressively approached the USS Abraham Lincoln with unclear intent. Even so, White House Press Secretary Caroline Leavitt says talks with Iran are still scheduled for later this week.
These talks, as of right now, are still scheduled. President Trump is always wanting to pursue diplomacy first. But obviously, it takes two to tango. You need a willing partner to achieve diplomacy. And that's something that Special Envoy Whitcoff is intent on exploring and discussing.
As always, though, of course, the president has a range of options on the table with respect to Iran as commander in chief.
Now, today's incident did spook the oil market. WTI crude oil finished up 1.7 percent to 63.21. Fed Governor Stephen Myron has stepped down from his post leading the Council of Economic Advisors. Now, Myron had taken unpaid leave from his post after he was selected to be Fed governor. Now, the White House is suggesting he could return to the role at CEA when his term as Fed governor is over.
Myron has said he would remain at the Fed until a successor is confirmed. Shares and software companies tumbled today on fears over how AI will impact their core businesses. The new release of an AI tool from Anthropic added to those worries. The first wave of today's selling was in stocks associated with legal software and publishing. And then media and financial data shares were also hit.
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Chapter 5: What impact does AI have on the stock market and technology companies?
The iShares expanded tech software sector ETF was down today by 4.6%. After the bell, advanced micro devices reported fourth quarter earnings above Wall Street estimates. However, The company gave a disappointing forecast for the current period. AMD is the main challenger to Nvidia in the market for those AI processors. Here's Ray Wong, CEO of Constellation Research.
Well, right now there isn't a credible alternative to Nvidia.
at the moment but when they get out their helios chips and when they build the racks that are going to come in place that's going to be the first time nvidia is going to have a credible challenge to the gpu dominance that they've had for quite some time that's what the market's waiting for but they haven't taken orders yet they haven't announced as much as they need to and right now these are just pure performance earnings pre-gpu pre-ai that they've been able to do and it's a pretty good number there but once again the street isn't interested
So this is kind of where we are at the moment.
That is Ray Wong from Constellation Research. Shares in AMD were down by more than 6% in late U.S. trading. Tomorrow after the closing bell, we'll hear from Alphabet. Bloomberg's Tom Busby has a preview.
Alphabet expected to post solid revenue and profit growth for last quarter, with its cloud computing division expected to get a big boost from the release of its latest Gemini AI models, which it also integrated into its Google search and its Chrome browser.
Like rivals Meta and Microsoft, a big focus for investors, though, is all the spending it's done on AI infrastructure and efforts to power its data centers. Bloomberg Consensus calls for revenue of $111.4 billion on earnings per share of $2.65. Tom Busby, Bloomberg Radio.
Executives from both Netflix and Warner Brothers Discovery defended their proposed merger today before a Senate panel. They were questioned on whether their deal will hurt competition in the market for streaming services.
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Chapter 6: How will Alphabet's latest AI models affect its financial performance?
Republican Senator Mike Lee of Utah is chair of the Senate subcommittee that oversees competition and antitrust policy.
One might say that Netflix seeks to become the one platform to rule them all, or at least to exercise a significant amount of market dominance. The merger raises numerous antitrust concerns in a nutshell, consolidating both production and distribution power.
Now, the Department of Justice and Europe's antitrust watchdog are both reviewing the Netflix Warner Brothers deal for antitrust issues. Paramount's Guidance is also trying to buy Warner Brothers Discovery. However, its CEO, David Ellison, turned down an invitation to testify at today's hearing. And that is news when you want it with Bloomberg News Now. I'm Doug Krisner, and this is Bloomberg.
As a place to do business, the UK stands apart.
Chapter 7: What are the potential antitrust concerns surrounding the Netflix and Warner Brothers merger?
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 £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.