| Bloomberg Morning Briefing Americas |
| |
| Good morning, and happy Presidents' Day. Paramount may get another shot at buying Warner Bros. Marco Rubio has a double-edged message for Europe. And why sleep is overrated—when you're in São Paulo. Listen to the day's top stories. — Hellmuth Tromm | |
| Markets Snapshot | | | | Market data as of 06:46 am EST. | View or Create your Watchlist | | | Market data may be delayed depending on provider agreements. | | |
| Cue the sequel. Warner Bros. is considering reopening talks with rival studio Paramount after receiving its amended offer. Board members are discussing whether such discussions could lead to a superior deal, people familiar said—given that the move may ignite a second bidding war with Netflix. Several shareholders, including activist investor Ancora, have publicly urged the board to engage with Paramount in this high-stakes drama. | |
| |
| We're still friends—with conditions. Marco Rubio said Europe's fate is intertwined with the US, while faulting the continent for drifting from shared Western values. Behind the double-edged message, the ongoing strain in transatlantic ties was hard to miss at the annual Munich Security Conference. Still, it may all just be a matter of time. California Governor Gavin Newsom urged Europeans to think of the Trump era as "temporary," while Representative Alexandria Ocasio-Cortez sketched out what the Democrats' post-Biden foreign-policy vision might look like. Turbulence is also brewing inside the US Treasury. John Hurley, Donald Trump's top sanctions official, is poised to depart after friction with Secretary Scott Bessent over the tactics and targets of US policy, according to people familiar. Officials are said to be floating ambassadorial roles for the hedge fund veteran. His exit would mark the latest shakeup in senior ranks following the departure of a number of key officials in recent months, including Bessent's top deputy. Epstein files, latest: The disgraced financier used student visas and sham marriages to keep women in his orbit, according to the latest cache of files released by the Department of Justice. The documents also show how an inner circle continued to vouch for him, even after his 2008 conviction. And how as a major donor to an elite Harvard club, Epstein filled a table with "girls" at its star-studded annual galas. Meanwhile, the DOJ sent a letter to US lawmakers summarizing redactions in the files, as political pressure swirls around decisions to withhold some information. A costly detour for California drivers. With refinery capacity shrinking and interstate pipelines scarce, more gasoline is traveling thousands of miles out of the country, via the Bahamas, before reaching pumps on the West Coast. California has some of the strictest environmental regulations in the US, though a wave of upcoming refinery closures has prompted officials and regulators to start courting big oil. | |
| New Year Sale: Save 60% on your first year
Enjoy unlimited access to Bloomberg.com and the Bloomberg app, plus market tools, expert analysis, live updates and more. Offer ends soon. | | | | | | |
| |
 A silicon wafer with Micron's DRAM process node. Photographer: Kiyoshi Ota/Bloomberg AI's insatiable appetite for memory is tipping the chip market into crisis, as a growing shortage hammers profits, derails corporate plans and inflates price tags on everything from smartphones to cars. The crunch is only expected to get worse, with some warning of "RAMmageddon"—and a windfall for memory makers as prices go parabolic. - Micron has called the bottleneck "unprecedented," and Apple CEO Tim Cook has warned it will compress iPhone margins.
- Elon Musk has also underscored the depth of the crunch, declaring Tesla might need to build and operate its own "TeraFab."
- The price surge has split the stock market into clear winners and losers, and investors don't see any end in sight.
- The chip crisis is unfolding as investors juggle dueling AI fears: sweeping disruption and uncertain payoffs from Big Tech's spending spree.
| |
| |
 Illustration: Grace J. Kim Predicting the next economic crash or financial crisis has always been more art than science. But the task has become even harder as the rise of private markets has obscured data that regulators and economists rely on to identify risks in the global economy. | |
| Big Take Podcast |  | | | |
| |
 Mike Johnson and Donald Trump at the US Capitol. Photographer: Kevin Dietsch/Getty Images Speaker of the House Mike Johnson has a fancy title but a crummy job, Nia-Malika Henderson writes. And if the past few days are any indication, his position will probably get worse in coming weeks. | |
| More Opinions |  | |  | | | |
| Our daily word puzzle with a plot twist. Play now! | |
| |
 At the rooftop bar on the 26th floor of the Martinelli Building, parties go late. Source: Martinelli Building Sleep is overrated—at least when you're in São Paulo. As other global hubs dim the lights, Brazil's biggest city is cranking up the music, with dance parties in old bank vaults and cocktail bars tucked into forgotten underpasses. Downtown, once hollowed out, now hums past midnight thanks to new investment, lighter regulation and a crowd that won't call it a night. | |
| One More |  | | | |
| Bloomberg House Miami: For the first time, Bloomberg House goes beyond Davos, arriving on April 29-30 at the Formula 1 Miami Grand Prix. Join global leaders for compelling conversations and exclusive gatherings across finance, entertainment, technology and sports. Learn more. | |
| Enjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. Check out these newsletters, too: - Markets Daily for what's moving in stocks, bonds, FX and commodities
- Breaking News Alerts for the biggest stories from around the world, delivered to your inbox as they happen
- Supply Lines for daily insights into supply chains and global trade
- FOIA Files for Jason Leopold's weekly newsletter uncovering government documents never seen before
Explore all newsletters at Bloomberg.com. | |
| |
Like getting this newsletter? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more. Want to sponsor this newsletter? Get in touch here. | | | You received this message because you are subscribed to Bloomberg's Morning Briefing Americas newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. | | |
No comments:
Post a Comment