Bloomberg Businessweek

ARK Invest’s "Big Ideas 2026" marks the 10th annual edition of the firm's flagship research report. ARK says the report is designed to identify and contextualize the technologies reshaping the global economy. The company aims to find key signals and focus on long-term innovation platforms, as exponential technologies are converging, markets are transforming, and new opportunities are emerging.
Cathie Wood, the founder, CEO and CIO of ARK Invest, discusses why she believes the AI boom will help drive productivity gains in the future, predicting what would be historic GDP growth that will average more than 7% by the end of the decade. Cathie speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Intel Corp. gave a lackluster forecast for the current quarter because supply shortages are making it harder to meet customer demand, a disappointment for investors who anticipated more of a boost from new products.
First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. The company expects to break even in earnings per share, excluding certain items. Wall Street had projected a profit of 8 cents a share.
Intel is struggling with its manufacturing yields — the percentage of usable chips coming out of its factories — hampering a comeback bid. The once-dominant semiconductor company has spent years trying to restore its technological edge and recover from market share losses, and this is one more setback.
Demand is “quite strong,” and the company is working hard to fix its manufacturing problems, Chief Executive Officer Lip-Bu Tan said in an interview. But Intel used up much of its inventory in the fourth quarter, he said.
Today's show features:
Ivan Feinseth, Research Director and Chief Investment Officer at Tigress Financial Partners, on quarterly earnings from Intel
Bloomberg Businessweek Senior Reporter Max Chafkin on Tesla CEO Elon Musk’s visit to the World Economic Forum
Joe Feldman, Senior Managing Director and Assistant Director of Research at Telsey Advisory Group, on consumer spending trends to watch
Bloomberg Meteorologist Craig Allen on the massive snow storm set to sweep across the US
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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.
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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
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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
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