Million subs, compared to that guidance of 2 million. The company beat up earnings in revenue. Reed hastings last night talking about competition on the call. We had a great couple of years at these price points and theres a lot of competition entering the market. Were focused on increasing value by having more spectacular shows so that people watch more of netflix. Lot of analysts are struggling how to value these guys. Is it a cash flow story . Is it a mushy hit maker story . Whats your take on this . How do we know what where its going to go. People were short the stock yesterday. Obviously were seeing major shortcomings. Carl, i think youve actually frame this had correctly. This is an unbelievably difficult company to analyze quarter to quarter. I have a rule of thumb, never bet against netflix or Reed Hastings. That said its extremely difficult to forecast whats going on here. Essentially the u. S. Has reached some kind of maturity and the rate of growth there is modest at best.
Tausche and from our nations capital, ceo walter isaacson. Good morning to you. Good morning. Thanks for having me back. Our top story is the shrinking media landscape. At ts bid to buy time warner getting push back from the street. Likely to face headwinds in washington. 148 billion in telecom deals have been withdrawn since 2015. A lot of that, of course, is due to regulatory scrutiny. Walter, we spent the last 24 hours talking about the economics and sense of the deal versus the tenor of our times, as kramer put it. Whats going to win . Absolutely. Youve got real headwinds in washington. Whether its Bernie Sanders or donald trump, this notion of more consolidation, more vertically integrated control will really hit some resistance. I just dont think people see the need to have more c consolidation in an industry that needs more diversity. What is the legal rationale, though, denying this . Its hard to argue it takes away choice given that it isnt two content players combining. Its n
Welcome to squawk alley. John forte is on assignment today. Lets get to the top story, the campaign trail. One week away from the president ial election. National polls are tightening as new reports question Donald Trumps financial past and putin and russia. And Hillary Clinton is in hot water with those new emails. John . Less than seven days to the election. Were getting close. Take a look at how close the race is getting in the polls. Average of National Polls by the New York Times, realclear politics and huffington post. Real clear 2. 5, New York Times down to 4. Huffington post 5. 6. Whats that mean for the electoral map . He has to take that lead that mitt romney had and build it up to 270. Battleground states all across the country. Theres a difference between some of those battleground states. Let me start with four. Now trump has a very good chance of winning. Florida, ohio. Weve also got nevada and iowa. All of those are states where donald trump has a good shot. However you
Colorado. With me here at post nine, as always, is john forte. Dow just down 9 points. Election day in the United States. Voting across the country. And the final real clear politics average has Hillary Clinton up over three points on gop nominee donald trump. Lets get out to kayla in boulder, watching the election from out there. Hey, kayla. Reporter hey, carl. Real clear politics has clinton ahead by three points in colorado here as well. The two candidates were tied as recently as last week. And it has been full core press for both of them since then. Trump has been here five times and clinton just three. Trump has spent half as much on Television Advertising and clinton has highprofile speeches from the likes of former Vice President al gore here just yesterday, referencing the 2000 election and how important turnout will be to this state. You live in a state that is right on the edge. The election is going to be decided by the turnout tomorrow. By the margin here in boulder. By th
Kayla tausche. Goldman sachs internet analyst. Great to have you back. Thanks. Along with our own mike santoli as we watch the dow tick above 19,000 for the first time. Yesterday, of course, all four major indexes hit closing and intraday highs. What does this all mean . The path of least resistance is higher . This is how the market trades literally when the paft path of least resistance is higher. Its drifting higher. I think that happens around round numbers. I look at dow 19,000, all the caveats about how its only 30 stocks, 1,000 points on the dow is literally not what it used to be. The most impressive thing was it was at 15,5 in february. We ft. First hit 18,000 at the end of december 2014. So over two years, youre up about 5. 5 , point to point. Why is that . Corporate earnings flattened out for two years, going on three years. Now youre getting more of an energetic push on this reflation period. Fund futures hit 100. 2 for december. Now the market is coming to grips with the f