Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec
Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Bloomberg Businessweek Weekend - January 17th, 2025 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/39e52982-ea25-407f-b072-b268010611cb/transcript

Charles Schwab Corp. reported a surge in average daily trading volume in the fourth quarter as retail investors sought to take advantage of the end of a strong year for the stock market. Total net new assets for the quarter totaled $158.2 billion, more than the $144 billion projected, and daily average trading volume jumped to 8.27 million, up 31% from a year earlier. Still, net revenue of $6.34 billion missed Wall Street analyst expectations of $6.37 billion for the last three months of the year. Adjusted earnings totaled $1.39 a share, matching analysts’ projections.

Rick Wurster, Schwab's President and CEO, discusses his firm's latest results, as well as how the firm is reckoning with the rise of prediction markets. Rick speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Charles Schwab Corp. reported a surge in average daily trading volume in the fourth quarter as retail investors sought to take advantage of the end of a strong year for the stock market. Total net new assets for the quarter totaled $158.2 billion, more than the $144 billion projected, and daily average trading volume jumped to 8.27 million, up 31% from a year earlier. Still, net revenue of $6.34 billion missed Wall Street analyst expectations of $6.37 billion for the last three months of the year. Adjusted earnings totaled $1.39 a share, matching analysts&rsquo; projections. Rick Wurster, Schwab's President and CEO, discusses his firm's latest results, as well as how the firm is reckoning with the rise of prediction markets. Rick speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Schwab Trading Volume Swells to End Strong Year for Markets 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c036191d-0a1b-436d-aecb-b3d90171ee65/transcript

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework of a future deal” he said was reached regarding the island.
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland. It came after a meeting with North Atlantic Treaty Organization Secretary General Mark Rutte at the World Economic Forum in Davos, Switzerland.

Still, Trump did not detail the parameters of the so-called “framework” and it was unclear what the agreement entails, especially since Denmark earlier Wednesday ruled out negotiations over ceding the semi-autonomous island to the US.

“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump posted. “This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.”

US stocks jumped on the news that tariffs wouldn’t be implemented, with the S&P 500 and Nasdaq 100 rallying to session highs. Treasuries extended gains, and the Bloomberg Dollar Index rose to a daily high.

Today's show features:
Bloomberg News National Security Team Leader Nick Wadhams on President Donald Trump saying he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland
Alicia Reese, SVP Equity Research, Media & Entertainment at Wedbush Securities, with a day-after look at Netflix and when the Warner Bros. Discovery saga will be resolved
Jonathan Reckford, CEO for Habitat for Humanity, on the Trump administration’s recent focus on housing affordability and related executive order
Gregory Peters, Co-Chief Investment Officer of PGIM Fixed Income, on bond market signals and the US economic outlook

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. President Donald Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a &ldquo;framework of a future deal&rdquo; he said was reached regarding the island. The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland. It came after a meeting with North Atlantic Treaty Organization Secretary General Mark Rutte at the World Economic Forum in Davos, Switzerland. Still, Trump did not detail the parameters of the so-called &ldquo;framework&rdquo; and it was unclear what the agreement entails, especially since Denmark earlier Wednesday ruled out negotiations over ceding the semi-autonomous island to the US. &ldquo;We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,&rdquo; Trump posted. &ldquo;This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.&rdquo; US stocks jumped on the news that tariffs wouldn&rsquo;t be implemented, with the S&amp;P 500 and Nasdaq 100 rallying to session highs. Treasuries extended gains, and the Bloomberg Dollar Index rose to a daily high. Today's show features:
<ul>
<li>Bloomberg News National Security Team Leader Nick Wadhams on President Donald Trump saying he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland</li>
<li>Alicia Reese, SVP Equity Research, Media &amp; Entertainment at Wedbush Securities, with a day-after look at Netflix and when the Warner Bros. Discovery saga will be resolved</li>
<li>Jonathan Reckford, CEO for Habitat for Humanity, on the Trump administration&rsquo;s recent focus on housing affordability and related executive order</li>
<li>Gregory Peters, Co-Chief Investment Officer of PGIM Fixed Income, on bond market signals and the US economic outlook</li>
</ul>

Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/323fbfff-7daf-41c5-a84a-b3d90170b3ab/transcript

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Netflix Inc. delivered 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 Bros. Discovery Inc.

The streaming leader said Tuesday it plans to increase spending on films and TV shows by 10% in 2026 while forging ahead with plans to buy the studio and streaming business of Warner Bros., a deal that would unite two of the world’s largest entertainment companies. Netflix spent about $18 billion on programming last year, with subscribers growing almost 8% to top 325 million
For the current quarter, Netflix forecasts earnings of 76 cents a share, below Wall Street estimates of 82 cents. Sales will be $12.2 billion, in line with estimates. Closing the Warner Bros. deal will add $275 million in costs for this year, on top of the $60 million spent through year end. Netflix will pause share buybacks to accumulate cash for the acquisition, according to its quarterly letter to shareholders.

Today's show features:
Eric Clark, Chief Investment Officer at Accuvest Global Advisors, reacts to Netflix’s latest results and discusses how to invest in the streaming giant
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan breaks down quarterly earnings from Netflix
Bob Michele, Chief Investment Officer and Head of the Global Fixed Income, Currency & Commodities (GFICC) group for JPMorgan Asset Management on the fixed income market, the Federal Reserve’s next move
Joanna Gallegos, Co-Founder of BondBloxx, on the corporate credit outlook as earnings season kicks into high gear

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Netflix Inc. delivered 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 Bros. Discovery Inc. The streaming leader said Tuesday it plans to increase spending on films and TV shows by 10% in 2026 while forging ahead with plans to buy the studio and streaming business of Warner Bros., a deal that would unite two of the world&rsquo;s largest entertainment companies. Netflix spent about $18 billion on programming last year, with subscribers growing almost 8% to top 325 million For the current quarter, Netflix forecasts earnings of 76 cents a share, below Wall Street estimates of 82 cents. Sales will be $12.2 billion, in line with estimates. Closing the Warner Bros. deal will add $275 million in costs for this year, on top of the $60 million spent through year end. Netflix will pause share buybacks to accumulate cash for the acquisition, according to its quarterly letter to shareholders. Today's show features:
<ul>
<li>Eric Clark, Chief Investment Officer at Accuvest Global Advisors, reacts to Netflix&rsquo;s latest results and discusses how to invest in the streaming giant</li>
<li>Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan breaks down quarterly earnings from Netflix</li>
<li>Bob Michele, Chief Investment Officer and Head of the Global Fixed Income, Currency &amp; Commodities (GFICC) group for JPMorgan Asset Management on the fixed income market, the Federal Reserve&rsquo;s next move</li>
<li>Joanna Gallegos, Co-Founder of BondBloxx, on the corporate credit outlook as earnings season kicks into high gear</li>
</ul>

Netflix to Boost Program Spending in 2026, Crimping Profit 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6645d6f3-01e4-44d5-acba-b3d80171c5ed/transcript

Bloomberg Businessweek Weekend - January 17th, 2025

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