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Bloomberg News Now

Stocks' Worst Session Since April, Netflix to Boost Spending, More

20 Jan 2026

Transcription

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

0.031 - 21.363 Unknown

Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients.

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21.784 - 44.288 Unknown

We're talking top-grade products across the board of over 80 bond funds. actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income. So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio.

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44.728 - 47.571 Unknown

All investing is subject to risk. Vanguard Marketing Corporation Distributor.

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48.892 - 77.518 Amy Morris

News when you want it with Bloomberg News Now. I'm Amy Morris. There's a closing bell for this Tuesday on Wall Street, which saw its worst session since April. Renewed tensions over Greenland and tariffs sent gold to a record high. It sunk stocks, bonds, the dollar and Bitcoin. We bring you those closing numbers each day here at Bloomberg. The S&P 500 lost 143 points. NASDAQ lost 561 points.

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78.099 - 98.171 Amy Morris

The Dow lost 871 points. The 10-year Treasury yield at 4.29%. The 2-year yield at 3.59%. Checking NYMEX crude oil, it is up 1.5%. Brent crude is flat and COMEX gold low. up 3.6 percent. Bitcoin down 3.6 percent.

98.652 - 118.125 Amy Morris

Netflix shares are one percent lower in the post market after delivering fourth quarter results that largely beat Wall Street estimates, but issued a cautious forecast for the months ahead, citing higher program spending and the cost of closing its deal with Warner Brothers Discovery. Netflix says it plans to boost spending on programs this year, and that's likely to crimp profits.

118.105 - 127.16 Amy Morris

Now, more on the markets just ahead. But first, President Trump says ICE agents sometimes make mistakes, even as he broadly defended his migrant crackdown.

127.3 - 137.717 Unknown

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

137.697 - 156.246 Amy Morris

Polls show public support for Trump's hardline immigration agenda is declining. Now we're learning federal prosecutors have subpoenaed Minnesota officials, including Governor Tim Walz, Attorney General Keith Ellison, Minneapolis Mayor Jacob Frye, St. Paul Mayor Kelly Herr, and officials in Ramsey and Hennepin counties.

Chapter 2: What were the key market movements reported today?

205.106 - 208.272 Amy Morris

Treasury Secretary Scott Besant is urging patience.

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208.252 - 220.229 Scott Besant

I tell everyone, sit back, take a deep breath, do not retaliate, do not retaliate. The president will be here tomorrow. And again, also have an open mind.

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220.389 - 232.065 Amy Morris

Treasury Secretary Besant on the sidelines of the World Economic Forum's annual meeting with Fox Business Conversation. Former White House economic advisor Gary Cohn says he understands the president's ambitions.

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232.045 - 239.275 Gary Cohn

If we want to expand our air defenses, Greenland is a pretty strategic spot. So I understand what the president's interest is.

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239.476 - 248.128 Amy Morris

And UK Chancellor of the Exchequer Rachel Reeves says Britain wants to reduce tensions with the U.S. over Trump's threat of tariffs ahead of his arrival in Davos.

248.148 - 262.447 Jameson Greer

All of our focus is on de-escalation. not in worst-case scenarios. We have worked incredibly closely with President Trump the last year because we believe it's in our UK national interest to do so.

262.487 - 268.013 Amy Morris

Trade Representative Jameson Greer says the trade has been lopsided between the US and the rest of the world.

268.094 - 278.927 Unknown

Europe has done nothing to implement the trade deal. We modified our tariffs to be much lower. We cut them a deal on autos that other people don't have. Europeans have not lowered a single tariff for us.

279.127 - 285.735 Amy Morris

And French President Emmanuel Macron says U.S. tariffs used as leverage against sovereignty are unacceptable.

Chapter 3: How did Netflix's recent spending plans affect its stock?

406.263 - 427.394 Unknown

Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients.

0

427.794 - 450.308 Unknown

We're talking top-grade products across the board of over 80 bond funds. actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income. So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio.

0

450.768 - 453.853 Unknown

All investing is subject to risk. Vanguard Marketing Corporation Distributor.

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454.373 - 477.681 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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478.622 - 483.047 Stephanie Flanders

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

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