TheStreet’s Conway Mittens brings you the biggest news of the day, including what investors are watching and what Europe’s CEOs have to say about potential Trump-imposed tariffs.
Category
🥇
SportsTranscript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:03Here's what we're watching on the street today.
00:05The S&P 500 rose to a record-closing high above 6,100 on Thursday.
00:10Netflix also hit a lifetime high.
00:13The streaming media giant continues to have a very good week.
00:18Just days after announcing its biggest single quarterly subscriber gain ever,
00:23Netflix received 18 Oscar nominations,
00:2613 of those were for its flick Emilio Perez,
00:29which now holds the record for the most Oscar-nominated foreign language film in history.
00:36Looking ahead to Friday, investors will get key quarterly results from American Express and Verizon.
00:42In other business headlines,
00:44President Trump's tariff plans are front and center at this year's World Economic Forum.
00:49Trump addressed the annual gathering of executives, politicians and thought leaders,
00:54telling them they will face higher tariffs if they don't make products inside the United States.
01:00Quote,
01:01One thing we're going to be demanding is we're going to be demanding respect from other nations.
01:06Trump took direct aim at Canada, one of America's closest trading partners.
01:11Quote,
01:12We have a tremendous deficit with Canada.
01:14We're not going to have that anywhere.
01:17Trump is pushing through with a threat to slap 25% tariffs on Canada and Mexico as soon as February 1st.
01:25He's also threatening an additional 10% tariff on Chinese goods.
01:30The European Union did not come out unscathed.
01:33Trump told global leaders EU tariffs make it hard for American companies to sell within the Eurozone.
01:39Some company executives within the EU hope cooler heads can prevail and a trade war can be avoided,
01:45while others are bracing themselves for a tit-for-tat trade war.
01:49EU leaders are gearing up for the latter, saying publicly that if Trump wants a trade war, he's going to get one.
01:57That'll do it for your daily briefing from the New York Stock Exchange.
02:00I'm Conway Gittins with The Street.