3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going
Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
Dvds in the United States competing with blockbuster. That was a full decade really that were competing with video stores just in the u. S. Thats 2007 when we started streaming. Roughly the same time that youtube did. Host erin meyer, how did you get involved in this book project . Guest i study cultural differences in the workplace. Im a professor, and i first came across the netflix culture when i read what many people have, the netflix culture hacks. Definitely put on the inrnet with again and it was que shocking when i read it. It said things like adequate performance gets a generous severance. That really shocked me because in my department at my Business School i teach at we were at theime focusing on Psychological Safety in the workplace to create come to promote innovation. Re i had a company though stop focusing on psycholical safety that on getting rid of ople who didnt perform adequately. The fact they had no cation policy, travel policy, things that got me thinking about ho
Peter Reed Hastings and erin meyer are the coauthors of this book, no rules rules. Mr. Hastings is also the ceo of netflix. What is netflix and what do you do . Reed netflix is the worlds leading entertainment service. We produced Television Series and movies. Weve been around 20 years and have about 200 million families around the world who are members. Peter is there a connection to the 1998 companies where you had 900 movie titles and 30 employees . Rita theres a little connection to that. We started about 22 years ago , mainly dvds in the united states, competing with blockbuster. That was a full decade, really, we were competing with video stores dressed in the u. S. Thats 2007 when we started streaming, roughly the same time youtube did. Peter erin meyer, how did you get involved in this project . Erin i study cultural differences in the workplace. I am a professor. On the internet way at the beginning it said things like adequate performance gets a generous severance. And that g
Talks have been delayed until thursday. Diplomatic and trade tensions between australia and china formed the backdrop as the rba prepares its latest statements. Economists see no change. Shery we will start with breaking news out of south korea. We are getting the final Third Quarter gdp numbers. When it comes to the year on year numbers, a contraction of 1. 1 . This is coming in a little better than expected. The quarter on quarter numbers also rising more than expected, 2. 1 , and beating estimates of growth of only 1. 9 . We have seen some pretty positive ratings especially when it comes to the south korean export numbers. They have seen a lot of external demand, especially in china and the u. S. , despite the fact we continue to see virus infections accelerate in those economies. Again, thirdquarter gdp numbers for the final numbers now beating expectations and coming in at growth of 2. 1 quarter on quarter, haidi. Haidi lets take a look at where we are sitting when it comes to thi