Trump Rattles Europe Defense Tech Stocks
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What is the main topic discussed in this episode?
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Podcasts, radio, news. Bloomberg Tech is live from coast to coast. with Caroline Hyde in New York and Ed Lovelow in San Francisco.
This is Bloomberg Tech. Coming up, President Trump seeks, quote, immediate negotiations on acquiring Greenland for national security reasons. We'll recap his speech in Davos.
Netflix shares they drop on spending to buy Warner Brothers Discovery.
And Zipline CEO Keller Clifton joins us to discuss the robotic startup's new $7.6 billion valuation and expansion.
At first, we return to these public markets, then actually bounce back somewhat on the walking back from the edge of President Trump. The idea that Greenland will not be something that is taken by force. European stocks rally from their lows. We see, in fact, the Nasdaq 100 now up 1.4% as the mood music changes. But there are real details here. in which industries benefit and which are pulling back from this significant speech over at Davos. We're looking at the S&P 500 now up a percentage point. But really, Ed, we have to get to the details of that speech we just heard.
Yeah, and here to recap it all is Bloomberg Surveillance co-host Anne-Marie Hordern, who is out in Davos. The central feature of the president's speech was Greenland, not just ruling out the use of force AMH in acquiring Greenland, but the commitment to continuing on that path. What do we need to know?
Yeah, the president made it very clear he doesn't want to use force. He won't use force. And he talked about how he is coming here to have intense negotiations for the United States to acquire Greenland once again. So coming into this, you had the Europeans really feeling like this was an existential threat. This has really taken up all the oxygen in every single meeting room you'll attend or dinner on the sidelines of Davos, Switzerland. A lot of criticism pointed towards Washington because of the president's rhetoric regarding Greenland. But he came here with some thinking maybe was just to negotiate. And that's exactly what we did. And we've seen the president use this tactic before in the past.
In the first term, there was so many leaks about maybe the United States would leave the NATO alliance. At the end of the day, NATO came to the position the president always wanted it to, which is to spend more on collective defense. Another time this happened, of course, was more recently, last year, during Liberation Day. This is what the Treasury Secretary spoke about earlier in the week here at Davos.
What did President Trump say about Greenland during his speech in Davos?
He said the hysteria around this is like Liberation Day. Everyone needs to take a step back and take a deep breath. That was what it feels like now. The president anchored this debate, negotiation, dialogue, what you may want to call it, to the extreme and is now here for some sort of potential negotiation. Of course, we need to see how this goes. The president did say he will be having bilateral meetings with European leaders. So we'll see what comes of this. But it does seem to be like this has taken the tone of the rhetoric down a notch. And yet he chastised European leaders, particularly around energy. We think here on the technology show about the nuclear commitment.
How are Netflix shares affected by their spending on programming?
That was something he talked of, nuclear stocks react. We also hear a lot about the Golden Zone. What took your attention, Anne-Marie? Yeah, the Golden Dome has been linked with this administration to Greenland. They also spoke about the fact that Canada wants to be a part of this Golden Dome.
What insights does Keller Clifton provide about Zipline's growth and valuation?
This would be able to shield ballistic or cruise missiles into the United States before launch or during launch and be able to defend the United States, Canada. is important for this, and that has been one of the issues they have been pushing. The president also talked about the fact that Greenland is just important in general for national security when it comes to Russia and China.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–2:49
2
What did President Trump say about Greenland during his speech in Davos?
2:49–3:30
3
How are Netflix shares affected by their spending on programming?
3:30–3:45
4
What insights does Keller Clifton provide about Zipline's growth and valuation?
3:45–4:56
5
How is President Trump's speech impacting European defense stocks?
4:56–7:16
6
What are the implications of Trump's negotiations for Arctic security?
7:16–22:46
7
What challenges does Netflix face with its acquisition strategy?
22:46–42:29
Speakers
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