87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
Record books nearly half of the dow 30 are up nearly 25 over the past year. Three of those stocks making investors more than 50 in their money in just 12 months. One of those, United Health, posting another bigly gain on Solid Earnings and President Trump, you may want to hear this. Unh shares now up 511 since the day obamacare was passed wow. Streaming, studying and snacks also on the move today netflix saying it will spend between 7 and 8 billion on new content. Education Company Pearson boosting its profit forecast and corn dog maker sonic beating profit estimates michelle corn dogs youve got to love a corn dog. Im Michelle Caruso cabrera. Heres what else is happening at this hour. Canada and mexico both expected to firmly reject u. S. Nafta proposals but will offer to keep negotiations going thats according to two people who were briefed on their positions. Meetings are set to begin in just about two hours reports indicate President Trump is likely to announce his pick for fed chai
Van into a crowd of people. The driver expressed support for Islamic State and searched online for information about the attack on a nightclub in florida. I am mark crumpton. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Investors are dumping netflix shares after reporting its lowest subscriber growth in year. Can it recover . We will break it down. Softbank throws down its biggest arm. Let yet,a a bid for what the deal means for semiconductors. Chuck robbins speaks to us about brexit, m and a, and whether or not he is backing donald trump. Hours, plunging after down 15 on disappointing earnings. Subscriber growth dropped with only 1. 7 million new subscribers this quarter. Reed hastings says it is due to price increases, not market saturation. With new members, we have not seen any effects. We changed our prices last october. We have had a couple quarters of great growth. This is around change resistance. Whatever the price is for something, people do not
Ernest says president obama hasnt called president or to one since fridays failed coup. He says the u. S. Is cooperating with turkey to identify accomplices, but is urging the government to show restraint. Some 6000 suspects are being detained. French officials confirmed today the attack in nice was premeditated and terrorist. Six people are detained, one of them allegedly receiving a text from the man who drove into a crowd of people. Officials say he searched for information about the attack in orlando. From bloomberg world headquarters, im mark crumpton. Bloomberg west his next. Emily i am emily chang, and this is bloomberg west. Investors are dumping netflix shares after reporting its lowest subscriber growth in years. Can it recover . We will break it down. Softbank throws down its biggest gauntlet yet, a bid for arm. What the deal means for semiconductors. Chuck robbins speaks to us about brexit, m and a, and whether or not he is backing donald trump. Netflix plunging after hours
Said it may stop offering coverage to individuals on the public exchanges as losses from those plans mount. The company also cut its earnings forecast for the year, which sent shares 5 lower, making it the worstperforming dow stock in todays session. But todays announcement comes in sharp contrast to more optimistic projections made about its Exchange Business just last month. So Bertha Coombs takes a look at the reasons behind United Healths announcement and what it could mean for the insurance exchanges. Reporter this is United Healthcares first year offering plans on the public aca exchanges thats seen costs and losses mount. The insurance giant says it will still offer plans for 2016 but may get out of the Exchange Business altogether after that. The Overall Exchange Market Profile is more negative than we had planned. With new market enrollment growth that will be more slowly. These indicators point to an environment that is declining and likely to continue in that direction into