Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan an jon fortt at post 9 of the New York Stock Exchange a flat market today but a lot going on we have a lot to get to with our first guest, pinterest moving lower, amazon with a judge temporarily lock bblocking jedia lawsuit. But roku up. Yelp going the opposite way. Mark mahaney joins us live from San Francisco. Happy friday good to see you. Happy valentines day absolutely. Lets start with roku. Your title is stream it loud, stream it proud. Yeah. Whats the important dynamic on this name right now right now its active accounts they grew 4. 6 million, more than theyve ever added before. I heard jim cramer saying earlier today people shouldnt be surprised given the streaming wars people are somewhat surprised. This is a company that can sustain premium, i think 50 ad Revenue Growth for the next several years. They generated about 700 million in ad revenue last year. I think thats less than 1 or just around 1 of total tv adv
On you may have returned the ugly christmas sweater you got from your brotherinlaw you dont like but what if you could turn the ugly stock you would own the desk gives the names we will start with the nonstop on wall street the nasdaq hitting a milestone, crossing above 9,000 the first time ever. Records keep falling stocks keep climbing and fundamentals, tim serial dont seem to matter much. They dont. You can find an argument for valueses within megacap tech if you look at intel, sysco you cant make the argument with apple anymore. The interesting thing about the triple qs or the etf for the nasdaq 10 oh or lack at the nasdaq 100 we know that apple dominates this index and this is apple pick whatever point in the road you want in 2019, its 70 from june, its 50 from august, 50 for apple from august. And thats thats how you get to a nasdaq at alltime highs. Microsoft and apple leading the which. Today a little amazon for good luck but its lebron jamesly out of this. Which is amazing, da
Room to run. As a result, youve also seen pressure on treasury yields. Take a look at see what is happening with the treasury market some pressure on treasury prices the 10year sitting almost at 1. 891 yields, we watch them kind of skyrocket last friday after that jobs report was stronger than expected they came back down after they made it sound like the fed will not be moving anytime soon with this additional news making this happen. Going with every trade nuance up or down goes down, if it looks like the yields go down, if it looks like there is not a deal. We recover globally from the trade war. The two things of the fed and the economy. If the fed is on hold, the rates dont go up. If the economy are off to the races again. It is a thankless job people at home they see the screen from far away they zoom in, and take it for granted. They think we are just changing the appiture there is a guy. Hes running. He went running by, which startled me for a second, it was worth it, kyle you
What your technology does. It only matter who uses it, whos the customer thats what i keep thinking. Today another sedate session, s p inched up. Nasdaq. 04 need a microscope here we keep learning this same lesson about technology over and over and over again in this elongated earnings season, and its pretty jarring, because normally we care about what technologies actually does, if its helpful, if it increases speed or accuracy or power or productivity, well, it tends to be a suchls. Buy, buy, buy if its clunky and dead on arrival sell, sell, sell not these days, though. These days wall street only cares about who your customers are. Good, bad, as long as youve got the right end markets, your stock is going to be worded. Lets use roku, okay, and cisco. Roku sells to the consumer, sells to you their Technology Helps you stream videos directly to your tv cisco is a networking company, a colossus that sells to what is known as the enterprise, giant complex companies that need to connect
Good morning i am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New Yorkstock Exchange were starting with disney in focus as shares surge post earnings Julia Boorstin sat down with bob iger after the call, joins us with more of that important conversation hey, julia reporter well, carl, while disney parks and movie Studio Division continue to outperform, the real focus this quarter is disneys Digital Future with disney plus, the streaming Service Launching tuesday. Without revealing any early subscription numbers for disney plus, bob iger told me he does expect the service to get off to a strong start. It is ready to go i am glad to say we tested it in the netherlands, well talk about that on the call, it was successful. It did not have original content but was well received, not just in terms of number of subscribers but the user reaction to it, very, very and a half navigable, great access to our brands and story telling. He announced new distribution, a deal