The Dow Jones opened down 0.6%, the S&P 500 fell 0.7%, and the Nasdaq dropped 0.9%.

Streaming stocks are down, with Netflix falling 4.6%, Warner Bros. falling 3.2%, Amazon falling 1.6%, Paramount falling 3.3%, and Disney falling 3.5%. Trump said he will impose a 100% tariff on foreign-made films. Berkshire Hathaway fell 2.9%, with Buffett set to step down as CEO. Howard Hughes soared 6.6%, with Ackman seeking to merge the company and create a modern version of Berkshire Hathaway.