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Bloomberg News Now

Stocks Sink, Trump Eyes New Tariffs, Netflix to Boost Spending, More

20 Jan 2026

Transcription

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

0.655 - 17.332 Amy Morris

News when you want it with Bloomberg News Now. I'm Amy Morris. Stocks sank on Wall Street after President Trump threatened to hit European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. We bring you the closing numbers each day here at Bloomberg.

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Chapter 2: Why did stocks sink on Wall Street after Trump's tariff threats?

17.372 - 41.412 Amy Morris

The S&P lost 143 points. Nasdaq fell 561 points. The Dow sunk 871 points. The 10-year Treasury yield at 4.29%, the 2-year yield at 3.59%, Bitcoin down more than 3.6%, Safe Havens, WTI crude gained 1.5%, Brent crude pretty much flat, and COMEX Gold up 3.7%.

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41.392 - 63.197 Amy Morris

Netflix shares down nearly 4% now in the post market after delivering fourth quarter results that largely beat Wall Street estimates, but issued a cautious forecast for the months ahead. Netflix says it'll spend more on programs this year, plus it plans to buy Warner Brothers Discovery, so it will have to raise prices this year. United Airlines shares more than 4% higher in the post market.

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63.177 - 82.131 Amy Morris

after the airline beat Wall Street estimates for the fourth quarter as it anticipates a strong 2026 driven by demand from high-spending domestic passengers and international travelers. The military says it seized another oil tanker in the Caribbean. U.S. Southern Command says it took over the tanker Sagida this morning.

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82.111 - 106.954 Amy Morris

saying it was operating in defiance of President Trump's quarantine of sanctioned vessels. In a post on X, the military says, President Trump, meanwhile, is heading to the World Economic Forum in Davos, Switzerland, where he's expected to push for U.S. control of Greenland and has threatened additional tariffs on countries that resist.

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106.934 - 130.191 Amy Morris

prompting concerns that european countries may weaponize their holdings of bonds and stocks now on that news denmark's pension fund for teachers and academics says it will exit u.s treasuries at the end of this month in part because of the greenland pressure but also because of concerns about fiscal discipline in the u.s and a weaker dollar and walsh is chief investment officer at guggenheim managers i i

130.171 - 140.867 Scott Besant

tend to disagree with the Danish pension plan. I do actually think that the U.S. is a good credit. And in particular, I think U.S. credit is a good credit. And I think fundamentals remain strong.

141.007 - 146.556 Amy Morris

But Treasury Secretary Scott Besant dismissed the idea that countries would start dumping their treasuries.

146.696 - 154.508 Unknown

I think that the NATO alliance is very safe, sound. And thanks to President Trump, it's never been more secure.

154.707 - 166.918 Amy Morris

A lot of attendees in Davos had something to say about this latest threat from the president. UK Chancellor of the Exchequer Rachel Reeves said Britain wants to reduce tensions with the US before the president arrives in Davos.

Chapter 3: What were Netflix's fourth quarter results and future plans?

242.784 - 245.428 Alexander Stubbs

But I have no illusions about being a Trump whisperer.

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245.708 - 256.382 Amy Morris

European leaders are debating how to respond to Trump's policies. Now closer to home, President Trump says ICE agents sometimes make mistakes, even as he broadly defended his migrant crackdown.

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256.542 - 268.007 Unknown

I felt horribly when I was told that the young woman who had the tragedy. It's a tragedy. It's a horrible thing. Everybody would say, ICE would say the same thing.

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268.027 - 280.745 Amy Morris

He's referring to Renee Good, who was shot by ICE agents while in her car. Her death has sparked protests and clashes with federal immigration officers. Polls show public support for Trump's hardline immigration agenda is declining.

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281.206 - 300.195 Amy Morris

Now we're learning federal prosecutors have subpoenaed Minnesota officials, including Governor Tim Walz, Attorney General Keith Ellison, Minneapolis Mayor Jacob Frey, St. Paul Mayor Kelly Herr, and officials in Ramsey and Hennepin counties. Walz and Frey have called the probe a bullying tactic meant to threaten political opposition.

300.996 - 320.23 Amy Morris

Hawaii is one of several states that outlaw carrying your gun into a store or restaurant unless the owner specifically allows it. A group of Hawaiian gun owners asked the Supreme Court to overturn the law, saying that it violates their Second Amendment gun rights. Lawyer Neal Cattell argued for the state's rights to pass such a law.

Chapter 4: How did United Airlines perform against Wall Street estimates?

320.551 - 329.069 Alan Beck

In some states, it's natural to say when a homeowner invites you in, they're fine with you bringing your gun unless they say otherwise. And the same is true for stores.

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329.289 - 331.594 Amy Morris

Attorney Alan Beck represents the gun owners.

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331.574 - 340.374 Alan Beck

That violates our nation's historical tradition of firearms carry, and two, it violates that principle that dictates that you have a general right to carry.

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340.395 - 347.912 Amy Morris

The court's decision is expected by this summer. That's news when you want it with Bloomberg News Now. I'm Amy Morris. This is Bloomberg.

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