Meredith Whitney Advisory Group CEO Meredith Whitney discusses affordability, consumer burdens, and the market reactions to President Trump's comments that the war Iran could possibly end soon. She talks with Romaine Bostick and Katie Greifeld on "The Close."
Netflix's stock price is staging a dramatic reversal triggered by management's decision to walk away from its proposed acquisition of Warner Bros. Discovery late last month. The streaming giant emerged as the favorite to buy Warner in early December and agreed to a $72 billion acquisition on Dec. 5 that eventually increased to $83 billion. Netflix shares immediately fell, as investors worried that the deal would distract the company from its core business and Netflix didn't need the deal for growth. Along the way, Paramount Skydance surfaced as another suitor for Warner and refused to drop its bid even after Warner said it preferred Netflix. A bidding war ensued, and Paramount won on Feb. 27, when Netflix stepped aside. Laura Martin, Needham Senior Analyst, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Norah Mulinda.
Panama Canal Authority Administrator Ricaurte Vásquez Morales discusses the rise in agriculture products heading from the US to Asia contributing to an increase in revenue, and the impacts the conflict in Iran is having on business. He talks with Romaine Bostick and Katie Greifeld on "The Close."