The president meeting right now with congressional leaders at the white house amid on going crisis in syria. Well bring you any headlines from the president this hour. We mentioned we are waiting for netflix now. Wee bring in our panel, gary b. Smith, kadena group president. Also a fox business contributor. Jack hough, barons associate editor. What are you looking for on they netflix. We call it earnings report, how many new customers you bring in who are willing to pay. Last quarter was a disappointment. The stock plunged. I think in this report they dont really have to beat the estimate. I think they do have to meet it. You cant go into this later part of the year without melissa hold on right there. We have numbers. Connell revenue is right in line. 5. 25 billion was exactly what we were expecting. Deirdre will have more details what you see. Stock is selling off there. I dont have a comparable earnings per share number that i can give you yet. Im not sure if it is earnings per shar
Concerns over software and tech stocks lower weve been up, down, all around for the markets today. As we stand, though, with 59 minutes, were higher on the dow, lower on the s p. Joining us for the full hour, from capital usa, keith, good afternoon to you. Thank you, wilf. Earnings been Strong Enough so far or have they been resoundingly strong this week . Theyve been strong so far. I think the markets have been less than vigorous, shall we say, the last couple of months i think well enter a period less vigorous than it was before thats going to be a key component for how we evaluate the economy and market Going Forward. Lets check in on the markets. S p 500 down by about 0. 1 and the dow higher by four points so far. Retail sales, and eamon javers has the latest on trade lets start with wilf on the banks. Bank of america reported this morning. They continue to feed from yesterday, the impact of low rates, while negative, has been less bad than feared that interest margin was down only
Steve theyre doing it as they recognize that the shortterm in china kind of remains with policy adjustments, but theyre borrowing from their future. Jason more on that conversation later on. Lets begin with the cover story. Its all about General Motors. The ceo is eyeing a tech future, but her most pressing issue right now, she has a lot of workers on strike. Carol . She does and thats one of the deep dives into wellknown Global Companies in this weeks issue. Heres joel weber. Joel maybe youve heard of them, going through a bit of a labor strike right now, with a strike for strike in 12 years. But theres a bigger story. Thats what our cover story is about. Jason why now . Better to be lucky than smart, maybe, but youre very smart to deep dive, but nobody saw this coming. Joel we did a couple weeks ago. But is not about the strike. It provides a convenient news hook. We talk about strategies a lot and this is a strategy, a ceo trying to pivot her business and her Business Model and staf
Thank you. Were proud of our partnership with the First Amendment institute at columbia. Both of us started in the Knight Foundation and now have other supporters, as well. I want to pick up with the notion of the marketplace of ideas. I think that is what a lot of people think the internet was going to be, some people of believe it really is. Kara do you believe socialmedia is performing effectively as the market place of ideas . Kara no, i dont, all i read about is how it doesnt. It is a cesspool. Sanford i sort of knew what your answer would he. Kara it is not completely a cesspool, it is just the way it has evolved has created dust she brought up the idea of the Public Square present everybody thinks that twitter is a Public Square, or facebook is a Public Square, or reddit, or any of these sites. The fact of the matter is that both of them are Public Squares owned and to the benefit of millionaires. So it is not a Public Squares. We have deemed them the rights of a Public Square b
Recognize that the shortterm in china kind of remains with policy adjustments, but theyre borrowing from their future. Jason more on that conversation later on. Lets begin with the cover story. Its all about General Motors. The ceo is eyeing a tech future, but her most pressing issue right now, she has a lot of workers on strike. Carol . She does and thats one of the deep dives into wellknown Global Companies in this weeks issue. Heres joel weber. Joel maybe youve heard of them, going through a bit of a labor strike right now, with a strike for strike in 12 years. But theres a bigger story. Thats what our cover story is about. Jason why now . Better to be lucky than smart, maybe, but youre very smart to deep dive, but nobody saw this coming. Joel we did a couple weeks ago. But is not about the strike. It provides a convenient news hook. We talk about strategies a lot and this is a strategy, a ceo trying to pivot her business and her Business Model and staff up with engineers and softwa