and you covered netflix, and does netflix have too much of a head start? >> i think they're different services netflix is like basic cable. a little bit of something for everyone for parent, for kids, if you want to get sucked into a show like "house of cards" and documentary, there's really something for everyone and not as much name-brand content and they have established some familiar show, but they're not starting off with stuff that's of the name-brand recognition that you have on disney. so disney's really a family service and also it's going to be must see if you're a star wars fan they will have a live-action "star wars" show that will be so high production value and the same value as you would see on a movie theater and they'll try to suck people in who are true fans of their brands. >> julia, great to see you >> we'll check in with her later on as the meeting progresses and meantime let's trade disney and talk about the sentiment change that we've seen in just the past couple of weeks and tim, i know you're a shareholders. what do you think? is t

given we are talking about netflix, they compare it to netflix in 2010, 2011 when netflix was making his first deals for original shows. we're going to try this. we don't know how they are going to release it. we don't know if anybody will be able to watch it, but it is worth taking a bet because people like apple. that continues to be the philosophy of people in the entertainment business. disney, people know what they are getting into and they expect it to be pretty successful. emily: we don't know how much apple is going to cost. you watch apple very closely. are you concerned given all of these unanswered questions? bob: absolutely. there is a big question mark hanging over the services theyesses, because have to build up a library of content. we are not even sure what type of content they will be willing to do because a lot of the more popular content has been a little racy which does not really match with the apple brand. then there is how much will they be able to get away with charging people? there is the support or lack thereof of other platforms they have not been strong a

things barely over with netflix. now she has to do united continental. >> as far as united, a beat on earnings, we're showing viewers own the screen, adjusted earnings $1.15 per share. wall street community looking for 95 cents, a clear beat. why you have the stock moving higher in the post-market session. a slight miss, analysts looking for 9.61 billion and united posting $9.59 billion. interesting enough we cover how all the airlines are affected by the boeing 737 max aircraft. the fact they all had to ground them until august for the most part. just to know, united has 14 planes that have been grounded. you compare that to american which is 24 planes and southwest at 34. but just to recap beats for profits and a miss for revenue, connell. connell: eninvestors seem to like the profit numbers up 3%. thanks. melissa. melissa: the unequivocal democratic front-runner what fox news's chris stirewalt calling bernie sanders as committee for a responsible budget says his proposed policies could cost $20,000 per taxpayer. j

first, netflix. of course, we have seen the numbers, and 9.6 million subscribers added in the first quarter, the most-ever, but the second quarter forecast is the key concern here. an's get to our guest, investment banker in media and tech for more than 40 years. are sour experience, we worried about the second quarter growth. that, givenecting the slate is a little quiet and perhaps hiking the price? >> nothing will deter netflix from continuing to grow and grow. most of that growth is coming from outside the u.s., but they have virtually no competition internationally. for the moment, netflix will look very good, very strong, and disney is not a netflix-killer. joe: explain why. porter: we are in a transpiration on -- transformational moment in media as entertainment, which is important and cataclysmic for a lot of players as was the entry of cable against network television, linear television, 45 years ago. everything is going to be streaming five years from now. the cable industry will be on its

i imagine many of you are netflix users so imagine many of you are netflix users so tell us what you think. let's take a look at some of the other stories making the news. experts have decided that pilots won't need additional simulator training once boeing releases software updates to its grounded 737 max aircraft. the pilot panel was appointed by the federal aviation authority and the decision is seen as an important step in getting the 737 max in the air again after two fatal accidents. asian sales at the cosmetics giant l'0real overtook western europe for the first time last quarter. it seems cosmetics are immune to the general slowdown in the chinese economy. ten years ago, l'0real‘s sales in asia was only a third of those in its home market. a surprise court ruling in london has revived the possibility of a $18.3 billion lawsuit against the credit card firm mastercard. the court of appeal has ruled a tribunal must reconsider the class action against the firm which was dismissed two years ago. the claim alleges 46 million people paid higher prices in shops than they should hav

january netflix raised prices. what is netflix move here? >> well, i think netflix has been investing so heavily in content. some $8 billion in content last year i think they're trying to be a very broad service a little something for everyone and also remember they have so much local language content for different markets all around the world. if you compare netflix to hulu who has 25 million subscribers hulu is just here in the u.s so, netflix is really global in its scope, not just in subscriber base but content. bob iger was very clear from the beginning that priced lower than netflix. what disney plus has is the premium brand where netflix has is so much content a little bit of something for everyone although going forward investing in getting those top content creators to see if they can create new franchises for netmrflix >> since, julia, you mentioned hulu at&t decided to sell back to hul its stake in that property it would seem and this now gives disney basically two-thirds control of hulu. what is next for hulu and does disney then

wilf looking through netflix earnings here. the stock dropping apparently on lower than expected guidance the company's additions of subscribers stronger than expected adding 9.6 million paid net additions in the quarter worldwide. better than 8.9 million that the company hat forecasted and analysts expected. the company's revenues beating estimates by a hair. adjusted the company's diluted eps of 76 cents not necessarily comparable because there's a one-time charge. the reason why the stock is down over 4% seems to be on guidance for this second quarter. the company says it projects it will add just 5 million new subscribers in the second quarter. looking at system analysts had been expecting that the company would add 4.8 million just overseas and another 560,000 domestically we're talking about projections of in addition of 5.5 million subscribers in q2 the company is looking for just 5 million and the company's guidance for earnings for the second quarter also lighter than expected we're seeing some headlines ain about curr

mike, what's your trade on netflix? >> yeah, so you know netflix is an interesting case because of course anybody who is bearish on the stock is going to talk about the valuation. it's trading nearly 80 times full year 2019 earnings estimates. so it looks expensive. of course it's a stellar growth story. carter was alluding to that earlier. i mean we're talking about a stock that's going to be growing its revenues by very nearly 40%. but they do have a little bit of a conundrum in the content area and they also have some competition coming online. obviously we have got disney, we've go hbo's streaming and we have the big gorilla in the room, amazon, that is a potential competitor of theirs. the interesting thing is i have tried to compare this stock many times with other big growth stories. amazon might be a notable example where people have tested the valuation question many times. but the situation in netflix is this is not a company that's generating any free cash flow. at least in amazon's case, they always did gene

netflix reports its first quarter results. the last quarter was relatively strong and the streaming platform added the most customers ever, 9.6 million of them. but the forecast for the second quarter was underwhelming. netflix said it -- it would add five million customers, short of the six million analysts forecasted. netflix says price increases in the u.s., brazil, mexico and parts of europe will slow subscriber growth for a brief period, but won't affect growth in the long run. but what about the competition it might see from apple and disney? mariann montaigne, portofolio advisor and andre swanston , joined us with their reaction on tuesday. andre: i think i may come off as very contrarian, but i almost did not care what netflix reported in q1 and their guidance for q2 is irrelevant to the long term outlook. really i think netflix is facing huge headwinds when apple plus and disney plus, as well as the massive growth we're seeing across free ad supported and connected tv solutions come in, so i think q4 of this year is w

what is critical for netflix to stay ahead. we've mentioned so many big names coming into this market and they have big pots of castor spend on original content, the likes of apple, amazon et cetera. there are headwinds and apple is key, but the hollywood studios themselves are going to go to the direct consumer, disney, time warner, and nbc universal. that is a double whammy for netflix because it means competition, of course, but it also means those studios will be pulling back on contents off netflix, so they have a challenge to acquire enough content. how do you think it will fare in the future, will it remain over one —— number one or will it be overtaken? it has a strong position. it is a gateway drug for people with streaming services. they often get netflix and then later additional services on top of that stop it's only very strong position, i don't see it being usurped overnight. more detail on our website. let's discuss the tech giants apple and qualcomm. tech giants apple and qualcomm have agreed to settle all o

, we have to understand what netflix is and netflix is a replacement from people that are getting away from the normal way of watching and it's an app and people are using that which is different than having to compete with what everybody wants to throw out there who they're competing with >> because of that and because they're so in front of everybody else and being willing to put all of this content out there and pay money for the content to be out there and did you notice something that you thought was interesting and how about ten billion was exactly what it was last quarter and i think people are reading into that in terms of this company is trying to be more fiscally, understandably and something people with det their arms around. >> i think to make a really good point in term was how much do you pay for a growth company if there is not growth on the subscriber number which is everyone who is focused on >> i'll go to you because you've been bullish on netflix. >> the way that it is absorbed, this negativity is to pete's point, pretty tremendous let's back this chart up to the beg

netflix reports its first quarter results. last quarter was strong and the plot forward this platform added the most customers ever 9.6 , million customers. the forecast for the second quarter was underwhelming. netflix said they would add 5 million customers, short of the 6 million analysts forecast. price increases will slow subscriber growth for a brief period but will not affect growth in the long run. what about the competition that -- it might? marian montaigne and andre swanston joined us. andre: i think i may come off as very contrarian, but i almost did not care what netflix reported in q1 and their guidance for q2 is irrelevant to the long term outlook. netflix is facing huge headwinds when apple plus and disney plus, as well as the massive growth across free ad supported and connected tv solutions come in, i think q4 of this year is when they will for the first time truly have real head-to-head competition and it will be a challenge. emily: you are an investor in netflix. do you care? mariann: i care, and the way i

will customers pay for that and netflix? andre: people like me that do not even look at their bill can, but a lot of americans cannot afford and will prioritize. if we look at this as common sense, what business of any industry could you lose your best-selling product to the business right next to you and then they undercut you one price and it does not impact you? the real growth over connected tv over the last 24 months has been in ad supported solutions like pluto tv and others. what netflix benefited from was being the defect oh standard across connected tv. o standard across connected tv. now what people are saying homes are youion by those devices and turn on something free with ads, and you can be selective how you add on top of that. for any home with the child, if you are prioritizing budget, do you prioritize disney's content library or the content that netflix has? ed is not really just children. avengers" ands -- others, netflix never had to face such direct competition. disney has got the "star wars" library. mo

what are we expecting for netflix? cameron: this is not a typical quarter for netflix. since netflix last reported, there has been about four new esjuries into the -- entri into the streaming industry. now, we will need some confidence from reed hastings just to say is everything going to be all right. this quarters seems like it is going to be in line with subscriber estimates. analysts are expecting 7.3 international page streaming ads, and 1.6 domestically. the real issue investors will be looking at is guidance. it seems like it will be softer for next quarter. also, because there is an increase in prices also. analystsw are reacting since disney unveiled their plan? we got a fair amount of details. less details with apple's plans. this is the first time netflix will be reporting now that we have more information about what some of these other competitors are doing. kamaron: we have seen a steep drop-off in netflix's market cap since last week's announcement of disney plus. short-term investors seem to be worried, but for the long-term, it seems like investors are c

i think that netflix supplanted movies worldwide it's hollywood netflix is hollywood deutsche argues that they're winning with the talent even though they don't have the legacy vault. >> you know, it's a big question for those who invest in both companies or choose too, as to whether it will have an impact at all disney is not going to have to spend as much as netflix on content, because disney of course has brands with a far deeper connection do consumers i mean, my god, "star wars" or marvel, you just go through them all, and the library, and the fact you have a studio that is producing new content that will be on the platform they just don't need to spend as much to be able to conceivedably at a 6.99 price point bring in the numbers they're talking about. does that mean netflix will not have great success >> i was speaking to someone in another company, add up jazz cable bill about $125, load up every service, and you're mill len yale, gen-x. they do tend to spend a lotless. it's a bargain is what i'm saying >> which >> the whole package they don't watch what we watch there's 500

like, 98% of the time, people 90% aredoing netflix, not watching netflix. so there is a ton of competition out there. disney and apple have a little bit more, but frankly i doubt it will be material. emily: as someone who used to work at netflix, do you buy that argument? nick: i do. because of internet access ability across the world as well as growth in population, and overall just consumption of content, the pie is growing and netflix is doing a good job of capitalizing on some of that, entrants in the market, i think it is far from saturated, so there is room to grow. emily: how much competition do you think disney plus, which has a huge existing library dating back decades, will actually be for netflix? nick: in terms of the content library that disney has amassed, it is definitely competitive. it is also legacy content, so it is not just about the catalog you have to offer, but the content you have continually coming to the service. as mentioned, the content slate for netflix is stronger in the second half of the year. i think continually having the c

morgan stanley this morning, netflix a new china data overnight, netflix subscribers up is.

. >> here's the question netflix, the move in netflix as we pointed out happened really at the very beginning of the year then it sort of went flat. is it indicative of what is going on in the market and what sorts of stocks are favored in this market environment as we approach record highs zbhen do you want to be in these high valuation stocks or is there a question around them at this point maybe a cycle into more of the value area. >> i look at netflix and say it traded up to the 375 level didn't like it it's been pulling back the broader market obviously hasn't done that although the broader market seems to be stuck at this level. you haven't seen the rollover. could netflix lead to the rollover of the broader market perhaps you did see that back in the fall, if you recall. the same thing did happen. netflix reported a fantastic quarter if you remember. stock initial reaction was higher spent the rest of the month going lower. i'm not suggesting it was causality, but it could happen could it happen again? yes. i'll say this again. the only reason i would like netflix is does reed hastings

will customers pay for that and netflix? andre: people like me that do not even look at their bill can, but a lot of americans cannot afford and will prioritize. if we look at this as common sense, what business of any industry could you lose your best-selling product to the business right next to you and then they undercut you one price and it does not impact you? the real growth over connected tv over the last 24 months has been in ad supported solutions like pluto tv and others. what netflix benefited from was being the de facto standard across connected tv. now what people are saying across 35 million homes are you by those devices and turn on something free with ads, and you can be selective how you add on top of that. for any home with the child, if you are prioritizing budget, do you prioritize disney's content library or the content that netflix has? it is not really just children. "the avengers" and others, netflix never had to face such direct competition. emily: disney has got the "star wars" library. netflix has

netflix's marketing budget is $2.5 billion a year. their technology spend is a couple billion dollars the year. this is a very, very expensive endeavor to do and replicate. what i struggle with is why disney feels the need to do this versus being an arms dealer of this incredible content to every single streaming platform. that seems to be the real challenge. can they actually justified what they are going to spend, how many subs they will get versus remaining in arms dealer which has been incredibly profitable business? you could say the same thing about at&t time warner with their new strategy. emily: well, it is a provocative metaphor. we will be reading the fine print on thursday when disney unveils this. rich greenfield, good to have you. along with paul sweeney. still ahead, ridesharing is off the ground. how startups like jet are changing the way we fly. this is bloomberg. ♪ ♪ emily: with the touch of an app, you can get a ride in a car or scooter. well, now you can take to the skies. private flights once reserved only for

. >> you really don't know how netflix works? >> don't worry we've got you covered as the streaming giant gears up for earnings next week and mike ko will tell you how to make money if you think this hot stock is about to cool off. plus -- there's one casino stock that's soaring >> gambling? who said anything about gambling in it's not gambling when you know you're going to win >> brian stud has the perfect trade for you to cash in on the rally. he'll tell you the name and how to trade it and later -- >> one group of stocks is trading near its highest level in more than a decade, but the chart master sees something that has him sounding the alarm he'll break it down. it's time to risk less and make more the action begins right now. >>> and let's get right to it. netflix falling ahead of earnings reports as disney unveiled its new streaming service and the stock is up more than 30% this year and the market implying a move of 8% in either direction and this stock has had an average move of 6.5% over the past eight quarters the char

back to netflix again. netflix subscriber forecasts falling below estimates, but that has competitors ready to pounce. joining us for the latest is bloomberg intelligence's reporter. fromd see a grim outlook netflix, or grimmer than expected, but the stock is taking a hit. reporter: a little bit of a mixed report. q2 guide was disappointing -- the q2 guide was disappointing. i think the overall thesis, the fundamentals still remain very much intact. that operatesany in a virtual cycle, and i think the bulls are still fairly bullish on the subscriber estimates. i think the other key takeaway is that the company seems to be moving away from this hyperfocus on subscriber numbers alone. they are really showing increasing operating margins and a shift of profit ability as well. guy: european media companies are trading higher today. the thought seems to be that the netflix threat isn't as great as it once was. is that because disney is likely to make life so much harder for netflix that it is going to spend life

is already reflected in netflix stock. we have seen it pulled back in recent weeks, leading up to the report here. so, look, it will be incremental competition at the margin, butting manageable for netflix. >> matthew, if i could follow up on that. you think about all the streaming services available, not just disney, but warner, for example, and others, and no longer having licensing agreements potentially with netflix, so they're going to be solely reliant to a large extent on just developing their own programminging are there costs that are going to continue to go up for years and years to come and are they going to be able to develop enough of a strong brand for sort of their own brand to continue to accumulate users the way they have been in the past >> yeah, great question. so a couple of interesting comments on the call last night. if you look at this, there are content spend is going to continue to increase no question. it has been a mixed shift and will continue to be a mixed shift toward original content as oppos

logon to give us the details plus netflix may face the pinas over their dueling documentaries about the failed fire festival conservative commentator. has all the fashion and joins us on the scandal and later the search for new uses for the currencies is ongoing is there an opening in the travel industry he's friend or sat down with a co-founder. in hong kong to talk about the possibilities all of that directly ahead but first we had some headline let's go. soon video communications and their first day of trading at sixty two dollars seventy two percent value the company at just under sixteen billion dollars the c.e.o. and founder of zoom who was denied a u.s. visa eight times succeeded on the nine and is now silicon valley's newest billionaire he still retains twenty percent of the company with a stake worth two point nine billion projected to grow eight percent year over year through two thousand and twenty six as ren is focused on doubling down on growth he says he is excited about the prospect of developing smart features that would provide meeting participants with automated summar

i know it has been framed as disney versus netflix. this is really disney adding a streaming service. netflix will be the core you subscribe to and some subset of people take disney plus, especially people with young kids and families. emily: what are we expecting this disney service to include? will all of these legacy titles like a lion king and the little mermaid, will you be able to watch those for free if you pay whatever the monthly fee is? will you have to pay extra for even that? paul: that is one of the things investors want to see thursday, what is going to be in the service. the price point for the service and what kind of investment they are going to make an original programming. there is a lot of numbers around disney plus that investors want to get a better handle on. as a relates to these the thing disney content, one of the best content on the planet. bob iger has paid up a lot of money to buy up the big studios like pixar and marble and lucasfilms. he will get the benefit on that, but not all of that content will be av

i think when you look at netflix, netflix appeals because of what they have in a different way than what disney's going to be putting out, at least early on in their streaming. and let's not forget they have a huge head start and they've been committing and a lot of different folks in hollywood want to work with netflix for a variety of reasons, first, they have a huge pocketbook second of all, they give them so much latitude to do what they want >> i don't view this as one versus the other >> everybody seems to want to say that disney's out there so netflix is dead, which is not true. >> disney's really competitive price point makes you think it's going to be both you're going to want to have both if you're into streaming you're going to want to have both >> scott, thanks for bringing this up. >> disney's pain is not netflix's gain or vice versa >> is that what we hear on the network all day long i hear that all the time >> you're seeing right now a fragmentation of what was looking to become monopoly and you're making this point well with netflix because it's not just disney. there's o

. >> netflix is one thing. there's one flavor, but if you look at disney and comcast you've got disney plus, you've got hulu, you've got espn, you've got comcast nbc doing this ad supported thing. does it matter whether consumers are looking for essentially another big options or if they're looking for simplicity >> it all comes down to price. if i can get espn and live tv for 30 bucks a month or 40 bucks a month, i'm going to subscribe to it because that's great value. i think if i was -- if i'm in comcast shoes i'm definitely not selling any time soon out of my hulu stake. disney is going to put all of their weight behind that content. they'll keep prices low to get subscribers on board. >> you think at&t didn't want to sell but they've got other pressing issues. >> yeah. it doesn't really move the needle one way or the other in the case of comcast a third of the business is a lot of value and maybe this thing could be worth like netflix one day. i'd hold out. >> thank you. >> thank you. >> we to get those ne

netflix, coming up next. even the european data bouncing back driving european stocks towards a fifth straight day of gains. good morning. here is your tuesday price action. futures up nine points on the s&p 500. in the fx market, muted price action. duringllar at 1.1298 yields up two basis points to 2.58% on the 10 year. we begin with our top stories. investors looking for fundamentals to validate a market rebound. >> for the next like to be supported for the valuations, it is about the earnings. >>

a lot of people have their net worth tied up in netflix netflix is going to have to borrow $3 billion to fund its content creation and apple just announced that it's going to spend $2 billion and it has $50 billion of cash. >> they're going to sell real cash not borrow money >> it's not like dump it, get rid of it. you're saying, lisp, there's better opportunities other places >> we really like apple. apple trades at 16 times earnings, and netflix trades at 10 times revenue we think apple is the better deal >> repeat that it sounded important >> apple trades at 16 times earnings netflix trades at 10 times revenue. >> now, i'm not war enburen buf, but i do understand balance sheets and income statements a little bit >> yeah. >> yeah. just negative cash flow netflix for the foreseeable future >> for the foreseeable future. >> all apple does is print money. >> print money you could double the spending that netflix does on content, and no one would notice. there would still be an extra $30 billion to buy in shares and pay a dividend i think it's going to be really hard for netflix, which

the former head of product creative at netflix. and also with us, our guest from "bloomberg intelligence." 24 hours later, what are your thoughts on the q2 forecast combined with comments from reed hastings that momentum is phenomenal and this coming cup edition will not be that much come petition because there is already competition. >> absolutely. yes, the subscriber guidance was disappointing, but factor in the seasonality, factor in the churn, as well as the fact there is a limited content slate in q2, i do not think investors have much to worry about. the metrics are on pace for a record year in terms of subscriber additions, and that is because of the strength of the slate in the second half, you will see the megahits returning and coming back to the service. in terms of competition, netflix pretty much downplayed the stress of disney plus, of warner media and all these other new services that will enter the market. what they said was thanks to this global shift in streaming, what we see is the internet, internet television i

netflix has also come under a lot of scrutiny for the documentary agreement itself cracked. yeah we talked about who being taken to task for their alleged paying for an interview with mcfarlane billboard says netflix is under fire for the way that they covered the role of an advertising company named jerry media who happens to be an executive producer of the documentary which they also promoted on social media after it the documentary was released e-mails surface where the c.e.o. of the company is saying he had a say in the final cut of the film netflix is only the director had the final cut why is this relevant it raises the issue of did jerry media pressure netflix to minimize their relationship with mcfarlane and the jerry media c.e.o. later admitted that mcfarlane was offered his own financial deal to participate in the netflix deal even though it didn't wind up happening so lot of intrigue it's going to take a lot of subpoenas and finding out in gathering of information to solve this one isn't going to be an interesting story and conservative commentator steve malzberg

shery: we have seen netflix burn through cash. this chart showing how much cash they have burned already, and they have boosted their cash burn this year to $3.5 billion. is this a concern? it would be,why but it's just the flywheel of netflix, they make good content, it attracts new subscribers and they raise prices. as long as that continues to happen, and there's no sign that it slowing down, they were able to raise prices and added more subscribers last quarter than they ever added, so that continues and we don't see signs of it slowing down. amanda: thank you so much. coming up, alberta goes back to its roots, they elect a new conservative leader. we have the details ahead. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shary in new york. amanda: and i'm amanda lange in toronto. the u.s. and china are looking to sign a trade deal by late may, according to reports, tentatively scheduling a fresh round of talks between them. chinese envoys inspected to come in the week of the sixth and in late may the deal is targ

some netflix packages cost double that. it's being seen as a very ambitious price from disney to put it out there at that level. with us is amit pau, co—founder, empaua ventures. disney execs have been talking about this seismic shift that we are going to see in the media landscape since 2006. what has taken them so long? that seismic shift, firstly, in 2010, there were 20 million customers watching streaming. by 2020 it is 1.2 billion. so, that has already happened. what struck them so long? firstly, the technology needed to be perfect for the mass consumer. secondly, what people forget is that the disney business model originally was to distribute through cinema and cable satellite. when they terminate there agreements, there are still a four year lock in period. they were prohibited from going direct to consumer. when we look at some of those numbers, they want to take on the likes of netflix. can a content creator really take on the technological prowess of the likes of netflix? this is where you are seeing the disrup

i think netflix and disney unquestionably among potential winners. i don't want to subscribe to knee jerk reaction here because disney has made an impressive presentation that you've got a netflix killer here. >> i don't know which of you wants to take this, but is it the other programmers? in a world where viacom is fighting for relevance how can you compete with these offerings from disney, from netflix, hulu? going back, joanna, to the programmers who are in the traditional bundle they can't come out with something this compelling. so where does that leave them? >> they get gobbled up by another service and split the revenue and putting some of the programming on hulu or wherever they're at and also then trying to all figure out, like, we need the tv guide of today, right where do we get all of this stuff and where do we pay? >> i think disney is all in. to be successful in this space, you have to be all in. it's really, like, over time, you know, the companies experimenting with different business models and maybe content and just hesitating, you

we'll dig into those details netflix has a u.s. problem when it comes to growth, but ceo reed hastings isn't looking in the rearview mirror. plus, a potential roadblock for the sprint and t mobile merger those stocks are moving sharply, and goldman sachs ceo david solomon speaks exclusively with cnbc why he is more bull ush on the u.s. economy it is wednesday, april 17th. worldwide exchange begins right now. ♪ let's get it started ♪ let's get it started in here ♪ let's get it started ♪ let's get it started in here >> thank you viewers and listen erds for watching 30 more to come here's how your money and markets are shaping up right now. stock futures indicating the dow will open slightly higher. the major average averages all back within 2% of their all-time highs hit back in october of last year. you can see the dow would open up by about 20 points if these futures gains hold into the opening bell the s&p by about five points, and the nasdaq up by just around 22 now, a closer look at technology the nasdaq 100 half a% or l

the most popular netflix service is $13. the cheapest netflix service is $9. so i think it'll be in the $6 to $8 range. >> is disney doing this right you think, jason i know we talked months and months ago about your grand revision, kind of like a membership, rap in the parks not just the movies. where do you think this should head >> service to hit 250 million subscribers, double what they have today, but i think disney will be the first to hit 500 million subscribers and i think there's no doubt that disney will become the leading candidate a decade from now. it's a horse race, but what this is going to do for disney and bob iger is amazing for being so candid about social media and he's right, but what's really amazing i think is what bob iger has done in managing this transition. it's a classic innovator's dilemma. now they have to lose that revenue in the short-term, but what they'll gain is not just the revenue of the disney plus service, they'll get all that data and then they're going to have hundreds of millions of credit cards online and netflix -- n

netflix reports its first quarter results. the last quarter was relatively strong and the streaming platform added the most customers ever, 9.6 million of them. but the forecast for the second quarter was underwhelming. netflix said they would add five million customers, short of the six million analysts forecasted. there is a lot of americans that can't afford to and will prioritize. if we look at this as common of anywhat business industry could you lose your best-selling product or most valuable products to the business next to you, and they undercut you one price and it does not impact you? a lot of people are not realizing that the real growth of connected tv has been in ad supported solutions like pluto tv and others. what netflix has benefited from is kind of being the de facto standard. if you bought a connected tv or a roku or a fire stick, you had to have amazon because what was the purpose -- netflix because what was the purpose? now what people are saying across 35 million homes are you buy those devices and turn o

we'll get you ready for ibm and netflix. high fliers this year too and a new generation of people entering the workforce what does gen z want in a job and should we give them what they want? "power lunch" starts right now >> welcome to "power lunch." i'm dominic chu. markets are higher across the board today but well off the session highs, creeping closer to all-time highs. the nasdaq crossing 8,000 today for the first time since october and we are seeing the dow up about 25 points. remember, at the highs, tyler, we were up 145 and as low as plus 13. we'll see how the markets shape up now >> i told you i'd see you in a minute let's go to bob pisani, a close eye on the key levels from the floor of the new york stock exchange what's moving, bob >> you know, tyler, we're less than 1% from an historic high on the s&p 500. we've been telling you about that and hovering over the levels the triple q semiconductors and banks and industrials. they're the market leaders that's what you want to see. the smh hit a new high today and boe

disneyjoins the on—demand revolution, with a new video streaming service — what will it mean for netflix and amazon? also in the programme we'll be hearing from christine lagarde, a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. big tech admits its products are recording you and those recordings are being listened to by workers overseas. does this cross the line? or do you regard it as a necessary evil of machine learning? join the debate — just use the hashtag #bbcthebriefing. thousands of demonstrators have remained on the streets of the sudanese capital, khartoum, defying a curfew imposed by the military council which deposed president bashir. there have been weeks of demonstrations against mr bashir‘s thirty—year rule but his opponents want a civilian government to replace him. the military council said the army would oversee a two—year transitional period followed by elections. but there are many questions about how much will really change in one of the world's poorest nations. our africa editor, fergal keane, repor

already have netflix? we'll cover the cost for one year. just switch to fios gigabit connection, with tv and phone and a two-year price guarantee for just 79.99 a month with a two-year agreement. you'll get fios tv one with 4k capability plus netflix built into the channel guide, plus an advanced voice remote and a netflix premium plan on us for a year. so switch to fios and get entertainment delivered like no one else on the 100% fiber-optic network. go to getfios.com today to get started. the washington auto show is back, and giving people a chance to look umnder the hood and eve get behind the wheel. inside the convention center, 600 vehicles of all vaeties. sedans,ni mivans. two cars of future and visitors get hands-on testing. our own chuck bell had an chance to check out an indoor obstacle course that took morehan 150 trucks with dirt to actually fwild. this, going chuck is in the driver's seat featuring the latest and greatest from the show. check out that specialomorrow morning right after "meet the press." love it. >>> well, visiti

paul: it's interesting, disney has been pitted against netflix and i think that's because netflix hasn't had any real competition in the streaming video business. hulu is out there, there have been some others, but no one with the size and clout of the wall disney company and the walt disney company has made a huge bet on video. they brought 20 for century fox so that they could get more programming to offer on their streaming service to go head to otherith netflix and technology driven companies. whether it is amazon, facebook, google, or apple at some point in time. this is a larger game for disney competing against a lot of players, but most notably among them is certainly netflix. and of course we recently had that aggravate -- aggravated price hike in the u.s.. could we see more of that? they are well-established in a lot of english speaking markets, which is where they have had success with price hikes. as other international markets mature, they will push the pricing levels that continue to drive growth because they have to fund about $15 billion in programming investments this ye

certainly because netflix is getting a big competitor and so far netflix was also running some of the disney content and that will probably not be possible in the future so the stock of nest for netflix and lost by about four and a half percent by the way next week netflix will be coming out it was their earnings report and it's a whole different story with disney that stock up like about eleven and a half percent to reaching a new all time high and what was mind blowing here on wall street is the price for the new service that is probably to begin here in the u.s. in november six ninety nine per month just to give you a comparison if you wanted to see the next disney movie in theaters here in new york you would need to pay about sixteen dollars and the netflix serviceable probably increase in price to thirteen dollars so a very aggressive price of from this this is an unbeatable deal thank you very much chance court on wall street. it's one of the biggest mergers in the oil sector u.s. based chevron is buying anadarko in a deal valued at thirty three billion dollars with crude prices

viewing is netflix. they're still this massive pivots away from tv viewing and a huge opportunity for the u.s. internationally and people do not have to make a voice -- a choice. nejra: in terms of the outlook disappointing investors, what was the big reason? price hikes? >> it was a substantial price i to dollars, up to 18%. there will inevitably be a bit of pushback. we see the seesaw with netflix, people get excited about the growth and then are a bit more cautious. q3 isnot surprising always the softest, but there still lighting to a record year -- gliding to a record year. nejra: you have really changed your view on u.s. tech, why? geoffrey: is basically is valuations are. -- argument. to highlight in software is we talk about the cycle cyclical slowdown and the state of global industrials, but the tech cycles neither that can be a bit different and it will always be about the correlation. those are the two anchoring points. having said that, recalling being overweight u.s. tech at a price, that was