That did not go down well. Senator schumer, all condemned the president. Very few republicans wanted to comment. Speaker y and z be. White supremacy is repulsive. Politically, the president increasingly isolated. Charlottesville has led overdue condemnation of the entire term presidency. Business also backing away. Seven ceos know like the president S Advisory Council plus Union Leader Richard Trumka appeared ceos do not want to be associated with this president see. It classic trump counterpunching style, such has gone on the attack. Jeff bezos earns the Washington Post which is a harsh term critic. There you have it. The most chaotic politics of this presidency so far in a market that ignores it and rallies again. Youve never seen anything like this. Varney company is about to begin. Such you at the group on one side that was bad of was bad in his grip on the other side that was also very violent. Nobody wants to say that. Ill say it right now. You had a group on the other side that
Founder phil liven. Our top story, shares of netflix are getting crushed, down about 14 . Second Quarter Sales were you will, but the good news stop there. Only 160,000 new customers signed up for the service in the u. S. In its most recent quarter, well short of the 500,000 estimate. And then the Third Quarter guidance came in well short of expectations. Im guessing this does not get the yumyum, as you like to say. Yeah, no yumyum here. Theres a lot of headwinds for netflix on the pricing front. They added theyre taking out some of the people being grandfathered, i guess thats resulting in less people renewing, but the good news is theyre making more money with this higher pricing, even with the fourstream plan, theyre still only 12 a monday, 3 less than hbo. What i like to look at with this business is obviously quarter to quarter, according to Reed Hastings on the earnings call. I look at, you know, how bingeable are these shows . I dont know if youve seen Stranger Things but this i
Higher welcome to squawk alley. Im carl quintanilla. Jon fortt and Kayla Tausche at post 9. Mike santoli is here along with confides president and cofounder john broad. Good morning to all of you. Our top story is apple moving higher again today, the top gainer on the dow. Stocks the number one winner on the dow this week, up 6 . Its been a big few days for tim cook and company, rolling out the latest ios yesterday. Sprint and tmobile reporting historic preorders for the iphone which hits store shelves on friday. Cook was on Good Morning America this morning talking about his vision for the future. Wireless is the future. And so, when you decide on what the future is, you want to get there as soon as you can. You know, why put it for the consumer . Well, that plug, that jack takes up a lot of space in the phone, and theres a lot of more important things we can provide for the consumer than that jack. We can provide a larger battery. The stereo speakers i mentioned, those were also enab
Highs. The s p was having quite a rally since thursday. Remember the bottom on thursday. Thats when we heard the uae minister trying to create a halt in production or discussions about that. Since then the markets rally close to 70 points. Really very impressive. We saw all sorts of things turn around on this. The oil rallied and u. S. Bank stocks again are rallying today. So the big names, bank of america, all leading the market up 2. 5 on average. Defensive names, all the stuff that was doing well last week are down today. Your Telecom Stocks like verizon are lagging. Your utility names and consumer staple defensive names are flat to down. Its important to reiterate how much stocks have rallied since that bottom in the middle of the day on thursday. If you look at a group of stocks, bank stocks, citigroup is almost up 12 since the bottom on thursday. Big Global Industrial names like General Electric and caterpillar are all up 4 to 6 . And even exxon and chevron were up 5 or 6 or so a
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking about now iran on the tape is saying, maybe, we still want our piece. Thats going to be the question, iran and iraq as well who is also ramping up production to get money, its an expensive fight it has on its hands with isis. Thats the big caveat that Oil Producers will agree. Before this announcement, brent crude was up as much as 5 . Its still higher. The bulls would say, at least were getting diplomacy. This is the first coordinated move that the major producers are doing since the pain began,