Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
Claims and 21 million continuing claims better than the week before. But still incredibly bad on an absolute basis same thing with the stock market we get crushed today sell, sell, sell. Obliterated wrong. Once again, the averages spent most of the day well into the black despite still more hideous macro data either we sold off the end of the session, dow 148 points, s p falling 1. 2 nasdaq easing 4. 6 , again, the market was up most of the day. The climb were about the incredibly weak labor market what happened when we heard the claims numbers right from the oechg . There is fear actions the president might take against tech because of his anger about social media and the president s plans for punishing china over hong kong, punishment that could reverberate to our own companies that do business there so then why did the stock market open up big when those hideous figures at this point its become a cliche to insist that wall streets tote lit disconnected from main street. After all, h
We think investors are contemplating today. Netflixs ability to raise price in lieu of rising competition. You saw evaluated churn in this quarter from price increase, as well as its ongoing need to invest in content. The Company Called out their inability to mute their subscriber estimates based on what was seen to be a weaker content slate. So to ask that shows the need to continue to invest heavily in content. Do you think price hikes from here on out are just going to be too hard to do we dont think theyre too hard to do, but perhaps the magnitude we saw in that quarter wont be as large as we move forward and the time between the next price hike might be a little bit longer. Or maybe, john, as one of your sellside colleagues said earlier in the morning, maybe you dont do a price hike in a contentweak quarter yeah. I mean, that was the thing about it like, if you look at it, netflix has beaten 10 of the last 14 quarters, but missed three of the last four years, and two of those year
Granholm Test Pilot School despite russias invasion of ukraine. She appeared before the Natural Resources and the outline the presence. This hearing is about two hours. Ast. [inaudible] blog again because its mans. [inaudible] im happy to welcome my friend secretary Jennifer Granholm to discuss business binds budget request energy. Center granholm, you for being here today last week i have traveling to ukraine to me there is a last is his efforts to ensure ukrainian people and be back as it gives innovation. We also discussed into our european allies when the energy work on the streets for over a year on the share is a matter of insuring their efforts to address Climate Change with greater geopolitical risk energy were reliable and making homes just as yours and she has allowed to use russias sources as it is friends and allies in the United States is also horrible because the virus Us Energy Independence as is our overall we rely on foreign adversaries are she will, nuclear fuel or en
I am Katie Greifeld in new york. Welcome to bloomberg markets, and it feels like a week is just Getting Started with amazon after the bell tonight and the fan tomorrow. Take a look at how markets are feeling heading into those events. Not too great at the moment. The s p 500 off by 0. 2 . Same thing if you look at the nasdaq, off 0. 2 when it comes to the big tech names. The bond market, we are back in selloff mode with the 10year treasury yield higher by five basis points. We are getting closer to 4. 7 on your 10year treasury yield, and one of the reasons why has to do with numbers we got at 8 30 a. M. Of course, the eci. I can imagine that eci print was good news for the fed. Not good news for the fed. A big drop in Consumer Confidence from a revised 103. 1 down to a 97 for the headline number. The present situation is a big drop from 146. 8 to 142. 9. A drop in expectations to 66. 4 from 74. 0. Of course, we have to check out the jobs, plentiful jobs hard to get situation because th