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Upsidedown shares tumbling on that big subs miss plus, tech in focus ibm and ebay beat estimates. S. A. P. Misses. Microsoft, crowd strike, chewy after the bill and the growing default risk for stocks lawmakers scrambling for a debt ceiling deal why the treasury secretary says dont be concerned obviously netflix is the lead today, tumbling in the premarket. Saw lower than expected international subadditions that news overshadowing a beat on Quarterly Earnings and revenue. Ceo Reed Hastings talked about the miss during last nights earning call this is one where we forecasted high. There was no one thing, and if i think about three years ago, we were also light. You know, we never really were confident of the explanation then we were 2 billion in quarterly revenue. New were on 5 billion so its easy to overinterpret the quarter membership ads the debate this morning is largel ....
Supplier are raising concerns about harsh working conditions. Lots to talk about. Stocks coming back on weaker footing. A volatile ride when it comes to the equity session. Were seeing a little fragility to trickle into the markets. Always volatile when it comes to the crypto space. Bitcoin falling up to 25 . This is a live look at the main cryptos we have been searching. Were seeing a ripple. Falling as much as 40 . A fear as we get the regulatory down. Toth korea deciding whether question the legality of cryptocurrencies. We have china working to play whackamole to clamp down on some unofficial Trading Platforms as well. That is always the story we are watching for you on bloomberg. Looking at the broader markets, we are seeing the caution play out. 30 minutes from the opening in china. Coming online. Lets get it to sophie to see how we are faring. Caution indeed. Halting a threeday ride. The dollar is being stented by the ris ....
Hello, welcome. Thank you for coming back. This is folks we have today for lunch we are sandwiching lunch between two chairmen so we have coming up two chairmen and that we have a quick lunch. We are in a tight schedule but introduce our keynote speaker for the first part of prelaunch i want to introduce jerry berman for spoke about earlier today and jerry created all of this. It was his vision to create an organization that can cure to internet policy conversation where no one cared about it and jerry believes that this organization can treat this as if they didnt know it yet and we had a long long time that was not the case but people seem to be coming around and thinking this is important. Terry and thanks to jerry and other boards on the directors and also meant congressman rick white and rick white was member of the state of washington during that time and rick, thank you for coming. [applause] our next speaker will succeeded chairmen congressman white but jerry berman founded the ....
The lowest since october of 15. The road map begins with a rough week for retail. Nordstrom and penney are down this morning. Nbcs lester holt sat down with President Trump and well bring you the highlights on russia and more and plus the tweet storm this morning, threatening former fbi director comey. Apple is taking aim at another all time high today and two analysts raising the price target. First up though, Government Data showing retail sales up 0. 4 in april. The strongest gain in four months and nordstrom beat on revenue and comps are down 0. 8. Penneys swinging to the surprise profit, but Revenue Misses on a 3. 5 decline in comps. Jc penney is going to give its all time low run for the money today. What can i say . Minus 3. 5 comps. They did talk about how march and april improved from february. Now, kohls said ....
Plus shares of nike can climbing 6 . New science of a coming trade war. The Trump Administration reportedly near imposing new tar rifs of steel imports. Well dig into the story and the Market Movers on it. As we head into the final trading day of the month the dow and s p each on track for a 7th consecutive positive quarter nasdaq the best performer despite weakness in june also up some 14 that compares to 7 in the s p. 7. 7 for the dow. Its going to be the worse since 2010. 2010. How about that and a lot of it came recently. This week the dollar is down 2 and that was largely driven by the euro shooting higher theres this narrative that the rest of the world is coordinating and i mean the world Central Banks. The ecb, the bank of england, maybe the bank of japan but theyre coordinating the begins of an exit from sup ....