Uk cpi hits 1 , the highest in almost two years. As for our own core cpi, 2. 2 is just a shade light. Netflix shares soaring. Reid hastings said it will double down on original content next year. Goldman sachs beats both the top and bottom line. The shares, get this, theyre up in the premarket. Visa ceo Charlie Sharf resigning, saying he can no longer spend enough time in San Francisco to do that job effectively. Netflix surging after blowing past expectations. Quarterly subgrowth of 3. 6 million. The company also out with betterthanexpected earnings. Reid hastings last night on the earnings call. Its time for me to apologize for the volatility again. You know, this time its good a good direction. But i think more and more investors are able to look at the multiyear picture and they see the patterns emerging. And so then it would be less and less about our guidance. Stocks on pace for the fifth biggest gap on earnings. I wonder if hes going to apologize for the volatility this time . T
A 16month high, and gas prices up 11 days in a row. The road map begins with two days that are part of the old guard and the new leaders today, g. E. And honeywell trading higher after earnings beat expectations. On the opposite end, google and microsoft both missed slipping ahead of the open. And chipotle is spicing it up higher after beating the consensus, and detroit has become the biggest u. S. City to file for bankruptcy. We will get a live report from the ground in the motor city. Good morning, and good morning for the old industrials and g. E. Is rising in the market, and rising in the qe earnings 36 cents per share, and that cites big ticket Industrial Equipment and services orders. And honey well, helped by higher margins, jim, and to some degree, the margins are the story of the morning. You nailed it. One of the reasons i like General Electric because in every business the margins are improving and the water inf infrastructure had been the big, really big disappointment, and
Welcome back welcome back to squawk. Lets get back to our guest host mark zandi who has the last word. All morning ive been talking about the next couple of quarters and i sound dark, and i dont mean to. I am very optimist being. What happened to the last two hours . You forced me. In the next couple of three quarters we cant look past that that i do think we have issues in the next few months, but ill give you one more last statistic. Every housing start requires five jobs for one year and Housing Construction will double in the next four years. Thats great news. Mark zandi, thank you for being here. Thank you. Steve. Thank you for being here. You dont look like joe kernen. I definitely dont look like joe kernen. Squawk on the street joins us right now. Good monday morning, good monday morning. Welcome to squawk on the street. Im melissa lee with, and lets see how well open for four Straight Record closes for the dow and it looks like the street may be pointing to a lower open. As for
Aiming to help University of North Florida students prepare for careers post-graduation, the Blackstone Charitable Foundation has gifted the Coggin College of Business with a $500,000 grant, the university announced Tuesday. The gift will establish a new physical space opening this fall for Blackstone LaunchPad, with programming and events that offer innovation and entrepreneurial opportunities.