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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 Ā£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. I'm Nathan Hager. Tuesday morning trading is underway on Wall Street. That is the sound of the opening bell from the floor of the New York Stock Exchange. At the open, the S&P 500 is a tick higher, up a tenth of 1%, a gain of about 10 points.
The Dow Jones Industrial Average opens just a bit in the red, down about a tenth of 1% or about 40 points lower. The tech-heavy Nasdaq Composite opens in the green to the tune of three-tenths of 1% or about 80 points. Disney shares are little changed at the open, with a big change now official at the world's biggest entertainment company. Disney is getting a new leader.
Bloomberg's Ed Ludlow has the details. Josh DeMauro, the park's chief, will be the next CEO of the Walt Disney Company. It's effective March 18th, 2026. That is when he will succeed Bob Iger, but... Bloomberg's Ed Ludlow reporting Bloomberg intelligence media analyst Geetha Ranganathan says the move should be well received. This really underscores the importance of the parts division.
I mean, this is 60 percent of profits. This is probably I mean, as we kind of look at international expansions, as we look at that 60 billion investment that they're making in their parts and you look at all of the new cruise ships that are coming, I mean, parts could ultimately be about 70 to 75 percent of operating profits.
It's Geetha Ranganathan of Bloomberg Intelligence speaking on Bloomberg surveillance. Earlier, PayPal announced its own leadership change, replacing CEO Alex Criss with HP chief Enrique Lores. That came as the payments company reported an earnings miss in its latest quarter. At the open, PayPal shares are sinking. They're down 19%. We're also watching a developing story overseas.
Bloomberg News has learned the European Union plans to pitch the U.S. on a critical minerals partnership with to curb China's influence. Sources tell us the EU is prepared to sign a memorandum of understanding to develop a strategic partnership roadmap within three months. The memo suggests the EU and U.S. explore joint critical minerals projects and price support mechanisms.
Today in Washington, the House is set for a vote on ending the partial government shutdown that began over the weekend.
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Chapter 2: What is the current state of the stock market at the opening bell?
We get the latest from Bloomberg's Tyler Kendall in the nation's capital. President President Trump made it pretty clear yesterday in a post that he wants House Republicans to get on board with this compromise that was struck between the White House and Senate Democrats as it stands. In fact, two holdouts had confirmed that they had direct calls with the White House yesterday.
And in exchange for that call, they are dropping their demands to tack on some separate legislation related to tightening voter restrictions during elections in exchange for their vote on government funding. Bloomberg's Tyler Kendall in the nation's capital. The White House is also moving forward on diplomacy with Iran.
Turkey is preparing to host high-level talks this Friday as President Trump threatens military action unless he gets a nuclear deal with Tehran. More on that from Bloomberg's Nick Wadhams. The terms of those discussions are not clear, given that Trump has said earlier the Iranian nuclear program had been completely obliterated by those airstrikes last June. So
What exactly they would negotiate over is one big question. And then, of course, the other is, you know, the president, as we saw from Venezuela, he deploys a big military force in the region. It's going to take something pretty big for him not to feel the compulsion to use it. Bloomberg National Security reporter Nick Wadhams.
Today, President Trump welcomes Colombian President Gustavo Petro to the White House. Just weeks ago, the president threatened to attack that country, calling Petro a sick man. and accusing Colombia of pumping tons of cocaine into the U.S. Getting back to the markets, Fed Governor Stephen Myron is once again arguing for aggressive interest rate cuts.
He says he doesn't see strong price pressures in the economy. I'm probably looking for a little bit more than a point of interest rate cuts over the course of the year. I mean, look, you know, I think that the inflation data have been a little bit distorted by some anomalous features. Fed Governor Stephen Myron spoke on Fox Business.
Richmond Fed President Thomas Barkin says he's still focused on the last mile of inflation. He told an audience in South Carolina this morning the latest rate cuts have taken out insurance to support the labor market. PepsiCo says it's cutting prices by up to 15 percent on some of its biggest brands like Lay's and Doritos.
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Chapter 3: Who is the new CEO of Disney and what are the implications?
That's after the snack and beverage giant reported better than expected earnings, mostly from overseas. Bloomberg's Dan Curtis has more. The snack and beverage company did report better than expected fourth quarter profit. It also announced a $10 billion share buyback through 2030. The one weak point was Foods in America fell 1%, the only region that saw a contraction.
This is where those price cuts might come in. That's Bloomberg's Dan Curtis reporting it at The Open. Pepsi shares are higher by nearly 2%. We also got earnings from Pfizer. Its latest results, as well as data on its newest weight loss drug, left investors wanting more. The shares are down almost 4% at the open.
And Merck is higher by 4%, though that drugmaker said its Gardasil HPV vaccine could stay off the Chinese market this year. It also issued full-year guidance that came in below expectations. That's news when you want it with Bloomberg News Now. I'm Nathan Hager. 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. I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.
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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. 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. And we are doing this all live each weekday.
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