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Has been netflix long-time content chief. this doesn't seem like a huge change at netflix, but obviously reed hastings has been part of this company and he says he'll continue to be part of the company. he tweeted about this last night, that he claims to be executive chairman for a long time but it does -- you know, this is a huge change. hastings is a visionary in this area. >> absolutely. kind of a legend in how he could foresee how he would consume media. how is netflix doing in the streaming wars at the moment? >> this company has been through a bruising last year. the earnings last night,...

And a half years the number of americans filing first-time claims for unemployment benefits dropped to 388,000 and that's bolstering job hopes for the new year. as for the stock market, it was a year of big rallies. the dow climbed nearly 11% and the tech heavy nasdaq zoomed to more than 17. so, does this serve as a forecast of more good things to come in 2011? well, let's hope so. let's ask diane brady, senior editor and content chief of bloomberg business week. thanks for coming. >> nice to be here. >> let's start with the jobs. 15 million people are still out of work, but should we be encou...