i think it's netflix and everybody else i will say that again. i think netflix has set the bar and i think they have a decade head start on everybody else >> what about your take on the quarter given the stock has moved down 6%? >> i would have guessed that guy would have said double topee or triple topee i saw those as good resistance and this month it reached 572. 489 is your moving day average it tapped that last month as well that's important because it hasn't been below these averages for quite sometime if you look at the 200 moving average that goes back to the corona low it hasn't been that level for quite sometime i do believe it is netflix and everybody else, but i look at it this way when we first started talking about streaming, we thought you would have one or two. now you are going to have probably eight to ten and you will be replacing your cable and have all of these add ones, a $5 one or $10 one i think netflix should raise prices as aggressive as they have because they have a receptive audience you are going to have netflix and p

content from netflix. has to be done in terms of. ability so that you can make much game choice and. dish is really. on there. and he did mention some of the challenges there what do you think a service like netflix has to do to attract more african viewers. one is that. a lot of people really have interest in watching. because they're beginning to see. one of the. really crazy. i don't know what i really hope. something about. even if. people. say thank you so much. now to some of the other terrible business stories making news. britain's borrowing has reached its highest ever level as authorities spend billions of pounds to prop up the economy growth in the spring stold off their businesses closed and tax revenue dried up because of the pandemic public sector net debt is now over $100.00 under 3 percent of the new will economic. hong kong airline cathay pacific is to slash a quarter of its workforce $8500.00 jobs are to go the bulk of them at the airlines hong kong based the company will also shocked and reached all airline cathay

a choice netflix will have to do. to actually. because. internet service. is huge. content from netflix. has to be done in terms of course of. your. choice and i. really. did mention some of the challenges there what do you think a service like netflix has to do to attract more african viewers. one is that. a lot of people really have interest in watching that. platform because they're beginning to see. one of them are going to really increase. i don't know what it can really hope. something about. even if. people. like let's say thank you so much. to some of the other global business stories making news. britain's borrowing has its highest ever level as authorities spend billions of pounds to prop up the economy growth in the spring stold off their businesses closed and tax revenue dried up because of the pandemic public sector net debt is now over $100.00 under 3 percent of the new will economic books. hong kong airlines have a pacific is to slash a quarter of its workforce $8500.00 jobs are to go the bulk of them at the airlines hong kong based the company will a

netflix is taking back. i'm sorry go ahead. >> the value when it comes to stop at the moment because you point out there's growing competition, but at the end of the day, is -- if any entertainment content model is going to survive, is going to be netflix. hollywood delaying putting much every major release into 2021. it is still kind of the outperform or in a very bad space. >> absolutely. the film studios are the ones right now who are going to pay a steep price for not understanding and developing streaming options a little sooner. comcast, universal pictures, with heacock, it is slow off the mark, but they are gaining momentum right now, and disney plus with yes yen and you, again, disney is 65 million just on disney plus and another 25 million who and about 15 million with espn plus. they are on netflix's heels. amazon with prime subscribers, and then there is a slew of wannabes that are filling the streamer gap, making it more difficult for netflix. what the real issue is is what are the consumer is go

i think netflix is going to be a huge ben factor of this. weather we continue this stay at home trend or not, stay at home is going to continue to be here regardless of how we look at it. it is getting cold i think netflix is going to do well and we should see the $600 price target we have on the number and blow through it moving out 12 to 18 months. >> jewel yao, what stands out through the rest of the release? >> this is netflix's biggest earnings miss since the public went public, missed 19% this quarter. 12% miss last quarter. equally important to note here is that the company is stressing it is making progress on shooting they have completed principal photographry on 50 products saying -- covid and they expect to complete shooting on -- [ no audio ] -- times here, they are saying that they except to be free cash to be feg any. $1 million to break even for 2021 so they are trying to increase profitability as they transition to the production of netflix originals. as you mentioned moving away from reliance on the licensed shows more towar

netflix will be larger than disney and wa disney warner brothers together. and so the economics of streaming, having hundreds of millions of subscribers at 10 plus dollars a month, it is a massive business and so i would argue the right long term decision is to move content offer off of those legy pla platforms. like i would put "dancing with the stars" on streaming. i don't know why a movie like black widow has to get punted to next year. is there tremendous short term economics? there are. but if you really believe in your assets and the quality of your content and you believe that you can build a long term subscription business, i think netflix and spotify and down the list, if you really believe that you can build a scaled subscription business, the rewards are incredible so i would think if disney is looking at this, what investors are hoping for is that disney really lives up to what they say. meaning it is not just he reorganizing it will lead to a different approach to content and they will say that we'll start starving these kanl ncable netws and br

netflix going the opposite direction. we're going to discuss netflix first. good morning good to see you. >> good morning, carl. >> you said investors who are looking at this print are going to struggle to find negatives. >> yeah, there really wasn't anything to dislike. we've had advertising pullback during covid and now we're seeing the snap back across the board. we think this is going to help facebook, twitter, a number of the advertising related names, the user engagement was high you can do anecdotal surveys of all of our kids around the community here and they're spending a lot of time on zoom school and then they're on snap to figure out where all their friends are on the map we think that, again, advertisers are drawn to this because of this gen-z population is highly engaged right now. they are not playing sports. they're effectively sitting in school all day and they want to get out and do other things. so we think ultimately this is a dream for advertisers right now, given the lockdown, and they're continuing to benefit. there's a lot of momentum

that is netflix. netflix down a little bit, about 5 brs in t 5% in the pre-market also, third straight about the li bottom line miss 2.2 million subscriber, falling short of estimates company skektsiexpecting year or declines to begin in 2012 as well after a major stay-at-home boost earlier this year. joining us now is joel calinna what do you make of netflix's quarter and guidance >> good morning. thanks for having me obviously here is a company, a victim of its own success. we know they crushed it in the first half of the year and fair enough to reed haigsing ihastind been warning about this that demand would fall off and ads would fall off but end of the day with the bulls really hyping the story up into the print, it is the weak heest sub gain in four years and clearly they are being negatively impacted by government restrictions, return of live sports and to a lesser degree increased streaming competition. >> how much of this might be that you can't make a new show let's be clear everybody is bin

netflix reports after the bell. we will preview the numbers and whether a pandemic fueled boom is over for the company. and the future of work. we will speak to tiffani bova of salesforce about the company's new network of employers around the globe and what they want to see in a post covid-19 world. we do have markets in positive territory today. for the s&p 500, every subgroup is moving higher. not massive momentum but we are seeing some cherry picking around earnings news. ibm falling as it reports its revenue, this appointing. financials and industrials are leaving the market higher. energy holding its own. you are seeing a bit of a pickup to the upside as the day goes on. still waiting for confirmation on any movement of a stimulus bill. has been drafted, still needs a phone call between nancy pelosi and stephen mnuchin to get it across the line. the imposed deadline to get it done before november 3. one of the big stories for tech today that doesn't seem to be having an impression on the stock, one of the larg

netflix you have to look at it like this. netflix spends a boat load of money, but they were way ahead of corona because they had a lot of content already done and already ready for the streaming process. so i think ultimately it will be okay, i just don't like investing in the high flyers now going into an election year or an election process. i don't like this. there's plenty of reasons not to own tech right now, andrew cap gains are going to be double marginal rates are going to be increasing you had a boat load of profit in all of these tech plays. why not unwind it with the suggested spending that we're going to see i think you're going to see people dump their tech and wind up buying, as you said before, the value plays and the chemical space and the paper space and the industrial space where those have lagged at valuations. go ahead >> let me throw one other tech name at you because we've been talking about their earnings which were way better than expected and that's snap who said facebook's a monopoly snap seems to b

netflix, it could be a very rough day tomorrow. emily: we will be digging into netflix a little bit later this hour. turning back to our top story of the day. the u.s. justice department launching a landmark antitrust suit against alphabet's google, accusing it of abusing its monopoly in search. it is considered the most significant action in more than two decades in possibly a century. the company's reaction. >> we think this case is flawed. we compete vigorously in the marketplace. our industry, our sector, is marked by rapid innovation and those are really hallmarks of a competitive industry. emily: google has pointed to the ability for folks to download whatever app they want. if that is the case, why pay billions of dollars to apple to be the default, if it is so easy to change the default and find another option? >> people are using google because they choose to. when you look at being -- when you look at bing, the number one search term globally is google. it is no different than when you , these areupermarket promotional ag

netflix down hard, off by 6%. the guide was a miss, but the numbers through the first half lifted the bar so high. they added almost 26 million customers in the first half of the year, the strongest start ever. how do you replicate that kind of performance? tom: you don't. it is going to be interesting to see how pandemic tech goes forward quarter to quarter. we will have more on that. with us now, or bloomberg congressional reporter. she has three netflix account logins, and she joins us now. can you explain how congress people that have to get elected or 1/3 of thes senate can focus on this baloney while they are running for office? anna: it is a very difficult thing to do, and that is why nancy pelosi is doing it for them. she has been the one negotiating this deal with the administration. senate republicans are very resistant to anything they come up with. this will be good for pelosi event happens. it would show she is the master dealmaker she has been throughout her career. it would not be good for mcconnell

that takes away from netflix. david: i have hbo max, i have they have a great set of movies but i'm not sure what disney plus has. they have extra. gary, throw it out, they had this movie on netflix called, "cuties." a lot of people referred to it as child pornography. i haven't seen it, i can't attest to it pro or negative, do you think that cut into some of the subscribers? >> i read a few articles that some people were canceling but i don't think there was a ton just because of that. there is easily a combination of two things. adam and ashley nailed it. there is just so many different avenues now to get your fix of sitting on a couch on your you know what watching stuff. there is tremendous competition out there and when netflix reports the first number everybody looks for is subscriber growth and if they miss on that, the stock usually takes a hit and the fact that they missed earnings by a pretty wide margin, that is what you're seeing right now. they guided up for next quarter on earnings but they guided do

netflix. >> they used to have far more content, but, carl, just -- people have to listen to this call the notion of the call is, okay, we made this internal forecast we knew we pulled through a lot. we didn't make the internal forecast of the let me tell you what we're going to do next year i listened to the slate of movies, and when i see the awards and what they do, i just think that their programming is going to be brilliant. hillbilly ig, i read the book, i'll watch that. it is ron howard, for heaven's sake david looks at it and realizes, that's jim's right, i got to watch that the first time, the first time that david's looked at me in 22 years like, one of those -- like a scooby-doo he did a scooby-doo on me. >> well, jim, your point is good in that hastings has long talked about various forms of competition that are nontraditional, sleep being one of them. last night he did specifically reference hbo and tiktok listen to that >> we compete so broadly, we compete for time against, you kn

you would assume that netflix is seeing nabisco up that netflix is seeing nabisco up and up in the current times we are in but not so. yeah, and it is not wholly surprising that we are starting to see subscribers did not hit the expectations because they are facing a few things right now which we saw things open up. everybody is not a watching effo rts everybody is not a watching efforts and we saw things like live sports going back and those of some of netflix's actual big competitors and they need to see how that goes there going forward here. they think one interesting thing where you ask where is the future growth for netflix? i think the future growth is really going to be a globalfor growth is really going to be a global for them. growth is really going to be a globalfor them. you look at the numbers that came out, it is pretty fascinating that they had much stronger gains in overseas markets than in the us. for example there was about 180,000 additional us subscribers but that was far surpassed by their subscribers abroad where they saw over 1 million subscribers in asia, 760,000 in

netflix shares up 1.5% today so not negatively impacted by disney's news. um wonderi i'm wondering if you think there could be impact on netflix if they put much more of the content that went on tv and theaters on to disney plus and invest further in espn plus and hulu >> as you might imagine, i've had the pleasure of working for him for 25 years including before netflix and i strongly agree with pretty much everything he said and in particular on this point i know the press likes to focus a lot on streaming wars and so if disney is offering better, does that negatively impact netflix or others? my view supportive is it's all about giving the consumer great value, greatselection, and what -- and there isment of things a consume kerr do in terms of alternative use of the time, screen time. they can play video games, develop tiktok videos, watch netflix and watch disney, perhaps cut the cord on their cable. and that's what it's all about it's about execution and delivering value to consumers. i don't view it as a zero sum game i will also point out that the v

netflix is the n, right. it will release third quarter earnings and investors are dying to know if the stock can keep up its pandemic momentum. it is up 62% year to date. the king of streaming has also had to share its throne with other services such as apple tv plus, amazon prime and of course, disney plus which have you seen disney's numbers? roared ahead with more than 60 million subs in less than a year. is there any risk, though, of netflix losing its crown and who would snatch it? joining us now to discuss all is slated cofounder and ceo steph patternot and tuna imobi. i don't know, you look at netflix's numbers and they look wonderful, but we have seen a lot of these other names look really strong, too. what advantage do you see or not see going forward post-pandemic for netflix? >> thanks. good afternoon. we were just talking about the clear winners of the pandemic and netflix obviously has been one of the runaway winners here. the covid-19 demand tail wind and impact on subscriber growth as well as c

let's talk about netflix. to the streaming driver maintain growth, 2.2 million in the third quarter, about one million short of what analysts were expecting, following the strongest first half of a year ever. the company had warned the pandemic boom would not last. still with us is seema shah from principal global investors. let me get an initial reaction from you on these netflix numbers. seema: i think this is, you know, what we are seeing, given the incredible performance that they had this year, and not just this year, but even going back the past decade, is that you have earnings expectations extremely high. so it is getting more and more difficult for tech firms to meet these high expectations having said that, you know, some of the larger ones, such as the apples of this world and googles, they continue to do well. we have got continued confidence in the mega cap space, but it does not mean that they are completely bulletproof. about this latest move from u.s. regulators to try and rain and what they de

netflix. that is slowing down. the stock is down. romaine: you joke about this being the day. the fact that you said it out loud, maybe it will be the day. but you take a look at this next chart and we have seen a little bit of that value trade catching up with the tech trade, the growth trade. that bottom line there, the vanguard etf. little bit of a catch up here. i guess the question is whether this is going to be a sustained rotation. joe: if today was the turning point, that was a serious comment. if not, it was a joke. in the meantime, want to bring in rob arnott. on do a lot of work different factors and when and why they work. lots of people wondering, when are we going to get a sustained turn? the category that we call value is historically the catalyst for rotation that lasts? the catalyst is always something that takes the vast majority of investors by surprise. otherwise it wouldn't be a catalyst. it is something of a parlor game to try to guess catalysts. we can do that. but it is

james, you like netflix here >> i love netflix because of the potential. a lot of people talk about what's happening now this is a technology monster in the room artificial intelligence is going to eventually introduce in-content advertising and netflix will be beneficiary of that i will see triple digit growth for companies like netflix that have the distribution and brand loyalty. for that reason i got to own it. >> hey, mel. >> hey, guy. >> last night i had the remote control and apparently there's a microphone button that you push it down and tell the remote control what you want and so i pushed the button and said netflix and then i said, the crown. and it actually worked we watched this crown thing which i found be extraordinarily boring. >> i love "the crown". >> of course you do, of course you do it's a wonderful show. i learned a lot actually it's fascinating what went on, a lot of intrigue in early 50's. i don't think winston churchill is as nice a guy as history portrays him but i completely digre digress, you look at what netflix has done, over

what does that mean for netflix? mark: i think that netflix is highly insulated. survey work we have done shows that increasing numbers of consumers do not just want to buy one streaming service. 50% want to buy three or more. what is replacing the cable bundle is the streaming bundle. netflix is almost certainly going to be one of those. it does not mean disney has to fall for netflix. i think both of these companies can continue to grow really well. the other thing to keep in mind, unfortunately, a lot of our entertainment options are off-line entertainment options. they are still limited. change --or theater theater chains open and close. some of the biggest hits of the year, new launches like the next james bond film come or pushed often next spring. continuing a tailwind to netflix as far as growing and retaining subs. emily: looking out at the earnings landscape, you cover facebook, you are looking at google. abigail mentioned, we have seen a huge run-up in these stocks. greater antitrust scrutiny. congress paving the way potentially for these companies. how

so one of my last, kind of, goes at this all was -- was this netflix show called "montauk." and i auditioned and then, like, two months later, they just -- they got back to us, and was like, "hey," like, "we'd love to -- we'd love to skype with you. and then, i skyped with them and, you know, the rest is history, of course we then named the show "stranger things." and that's -- blah, blah, blah but, you know, "montauk" was definitely the one that kind of that hope of doing it all, again. >> jimmy: and now, you're -- look at you. you are starring in a new film for netflix called "enola holmes," which i loved, by the way >> yaay. >> jimmy: it is fantastic. my girls are going to flip love it. i'm going to show it to them this weekend it's getting crazy, great reviews. 92% fresh on rotten tomatoes it's reached number one in most countries. has -- it -- it's so charming. i loved it i can't even tell you. henry cavill - >> i love this this is so awesome >> jimmy: i want to go on and on henry cavill's fantastic in it helena bottom carter i mean, how great her acting she does like 2

shares of netflix are falling today. the streaming service missed wall street estimates for subscribers. that renewed doubt about its ability to maintain growth. netflix had warned that the pandemic-driven subscriber boom

keep in mind that netflix is not even a tech stock. it belongs to a communication services and has the second-biggest waiting in that and i mentioned the third quarter warning -- earnings, that's the next catalyst. looking at how netflix performs after the earnings report, into the start of 2019 this has fallen seven times and risen once. this all hinges on what it says with regard to subscriber growth numbers. and in the first half we know that netflix added the same number of subscribers as for all of 2019, roughly around the same. a lot of optimism milton -- built in. vonnie: thank you. that is scarlet with the stock of the hour. coming up, breaking up the big tech firms, the antitrust subcommittee has laid out a plan. discuss lyft. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. an

netflix is out with a new promotion. they're allowing anyone in a given country access for free for a weekend. the company will initially launch the 48 hours for free promo in india in december. if it does well there, it may expand to other markets. the move comes as netflix reported slow subscription growth in the third quarter. and earlier this moshgs netflix ended the free 30-day trial offer in the u.s. at the time, a rep said netflix was looking at other marketing promotions. >>> mgm resorts is bringing back top entertainment acts to the strip. david copperfield, carrot top and the dance crew will be back. the president of mgm resorts says the move will help las vegas which has been hit hard by the pandemic performers and audience members must wear masks and social distancing will also be in place. the shows are set to return next month. tickets are already available on ticket master. ann marie? >> at least something is happening in vegas and we can breathe new life into that old saying. nothing's been happening in v

is the bar too high like it was for netflix? we'll explore and snaps, coattails, netflix wants 48 hours more, and disney battles california before all that lets get the very latest on markets this hour dom chu joins us for that. dom? >> how many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a holding pattern that's what we'll call t.marginal losses in the s&p 500, dow and nasdaq, as you can see there. just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so that's what we're seeing in markets. one place where we're seeing a good amount of positivity today is in the internet-related names. social media specifically. check out this first trust dow jones internet etf ticker fdn is off the highs of the day, off two-thirds of 1% small of the smaller social media ones are there as well helping to power this particular move remembe

is that how netflix wins the next phase an analyst yesterday was more skeptical about netflix. >> at some point down the road they have to exploit pricing power. remember when they tried to get tighter on shared pass words there was the story that they were underpricing the product, being lax about people getting in without paying because they wanted to expand the base. they probably feel they are indispensable to people who stream they are still cash flow negative i think the street would like the fact they test this out and see if they have more pricing power down the road and try to make the numbers work longer term i don't think they are nervous about turn down the road especially with hbo at a higher price point. >> yes, they could raise the prices there is more competition than ever, but it is still cheap. >> but do we think a fast growing high-tech knoll technoly company cares about profits? we talked about disney, how they are releasing more films on disney plus. i think the timing is raising eyebrows here. >> they should be concerned with profit on the other hand this is sup

i see head room in terms of netflix growing their subscriber base many analysts think that maybe netflix was being conservative with regard to their projections for subscriber growth and a lot of the analysts are increasing estimates for new subscribers. i think personally i'll be watching a lot of netflix for a lot of my favorite shows and that will translate over to other consumers as well. >> certainly many of us. there's a "journal" piece talking about how tech accounts for 40% of the s&p, and that's actually a greater proportion than what we saw during the dotcom bubble peak i wonder if this concerns you particularly because your top pick s are in tech are stocks too dependent on the sector what happens if we see a pullback >> i think without question as marc andreessen said, software is eating the world. we're seeing the incorporation of technology not only in more of our consumer lives but in more of our business lives as well i think obviously the unfortunate side of the pandemic with regard to human life, a positive has been that it has accelerated a lot of the tailwinds that we

you quantified it at 3 billion what does disney need to spend to compete with netflix? what would get you excited in 2020 >> first of all, you have to reform the question a little bit. disney has three streaming services first things first they should get out of espn. spin it off and get rid of it. the legacy sportsnet work business is not fixable. that is a drag get rid of the espn business and move that to somebody else and let them handle that business and harvest cash flow. but you have the remainder of the services and you have hulu and disney plus. they have three with espn plus and they are talking about making a fourth. put them all in and make one service. we have been arguing about this issue for 18 months. have one service and call it disney plus, disney plus-hulu, but you leverage all of the businesses together so it lessens the load disney probably needs to increase their spend 2 or 3x at a minimum, probably 4 or 5 x maybe it's a two-week window and then these movies show up on disney plus rather than waiting 75 or 90 days. that doesn't make sense in 2020.

sarah, i'll start with you so a deceleration quarter for netflix? >> yeah. that's what it's looking like. we saw the stock go down way much in q2 because they forecasted a lot of slow growth and the reason being, kelly, people are no longer stuck at home lockdowns are started to be lifted also some increased competition. new streaming services like peacock have launched. consumers have options and are no longer stuck inside the tv. >> young, what are your thoughts on the quarter and the company's share price performances this year what's priced in >> you know, i think the covid-19 stay-at-home scenario is what's priced in at this point. i think the major concern is what happens when these stay-at-home rules ease. i mean, we've run our number of surveys show far that show consumers are very adamant about staying with netflix, even after the stay-at-home rules ease so i'm pretty comfortable with where the numbers are right now and i'm looking forward to seeing what happens next. >> yeah, young kind of sticking with that theme. one of the big debates in the mar

netflix shares chill. misseseaming service wall street abstinence for third-quarter subscribers and its forecast says the pandemic boom is starting to fade. nestlÉ with nine-month organic revenue, it says its current strategic review is fully on track. good morning, manus. 6:30 a.m. in london. we were having this debate, what is driving these markets. every day, there is a new tug-of-war, twists and turns in d.c. even if nancy pelosi and the white house were able to get a deal, the hurdles are really in the senate with mitch mcconnell and the republican senators. manus: yes, look, we do not know whether it's going to be a skinny deal, a deal, or whatever it is that's got us in a risk on mood. rates are trading higher. for me, it's about the dollar. it is shifting on the dollar. the dollar is popping on the ping and the-- plop yuan is bid everywhere. annmarie: i know you are going to bring up microsoft and ask me where i was in the late 1990's. for me, it reminds me of the breakup of the standard oil compa

we're wondering if you don't have netflix now, when are you going to get it? and reed hastings outlined a decade ago getting to 60 to 90 million subscribers in the u.s why that's significant is if we end up at the 60 million mark versus the 90, it has significant implications as to what your churn will reach in other regions. >> sure. it's fascinating i want to make sure that your preference in streaming, in general, is peloton. it's not mentioned as a streaming player but obviously these workout videos are a big part of its success and appeal let's go back to netflix and why that doesn't rank higher for you. is it because of penetration is it because of growth stalling out? do you see a landscape where people sign up for other content offerings now that they're prolivpr prolichlt ferating >> yes i look at a stock that's trading at a five-year high and look at a next 12-month growth outlook of mid to high teens, the lowest i've been in quite some time i think the market is already pricing in a large successful price increase, which caused u.s. subscribers to g

culture streaming services are burning up the historical series seem to be particularly popular netflix is launching its 1st german historical series barbarians which takes place in noir in a day when the romans occupied almost half of europe so the judge manic tribes are trying to stop the market partly of a half lots of potential for epic battles lawford hate the trail and loyalty. so i mean i was going to roman empire at the height of its power half of me is under. roman general virus is governor of the northern provinces at his side. the leader of a division of germany troops serving the romans. returning with roman forces meet his father a tribal chief again as a child i mean yes was taken as a hostage to rome where he became a roman citizen would come under tightness. crisis act and now on slope sees parallels with the situation of refugees today. and feel i think refugees have to struggle with the same things that armenia struggled with not knowing how to fit in where do i belong do i belong. how much of my original culture can i retain. and how much is it accepted in the new cul

this is a weak chart throw in the fact that netflix is a thesis stock. it is the kind of thing people want to buy when they want to make it in the company let's take a look at microsoft it gave you an amazing quarter today. that makes me feel bullish as you see from the 50-day held the support. put it all together when covid cases spiked, you have to buy the faang names plus m they all found ways to benefit from the pandemic. we needed a gut check here the chart that's interpreted by katy stockton suggested that facebook, amazon, and apple and netflix and google and microsoft reported great numbers tonight are higher than yesterday's beat down reported average. so you have my blessing to buy a little bit before their report on thursday night. my travel trust owns them all. i am betting they'll be safe to buy and to even more weakness. think about how great that was to buy don't give up on these stocks. don't let people scare you out of them. stick with cramer. some things are good to know. like where to find the cheapest gas in town and which supermarket

but i think netflix stays. stuart: i'm staying with netflix. i can't move off the it, i love it. i will pay the higher price. >>> i want to get back to that historic gdp number, 33.1% annualized growth rate for the economy in the july-september period. that was terrific. a real record-breaker there. andy puzder is with us, former cke restaurants' ceo. that is extraordinary growth. 33.1% in the third quarter, annualized rate. that's extraordinary, but is it really slowing down a lot in the fourth quarter? [laughter] >> you know, stuart, it seems like every time an economic number comes out, it blows away the economists' expectations. the economists say, you know what? it blue away our -- blew away our expectations, but it's going to get worse. now it's going to get really bad. and then the next month comes the economists say, well, we were wrong, but going forward they're going to get bad. i new you're seeing the same thing. i think the economy will continue to come back. it will come back, obviously, more strongly once these restrictions particularly in the red states are taken a

texas instruments rng same th, g i was looking to trade netflix today and the stock was trading a the 545 and the options expiring next friday, the 550s were $26 so you can get into the stock and if there's a 5% negative move you're covered but if the stock moves up 5% by shorting those calls and this is pete's back yard, you can make a pretty good trade i just think the options are mind blowingly expensive i'm interested in netflix as a trade in that position >> i'm sorry to interrupt, steve. had you a couple of price target bumps on netflix today, 670 from 575, a reiterated buy at bank of america, a new street high for that target. price target gets to 630 at morgan stanley and so there are some bullish calls there what about ibm, steve? has the tide turned with the spin is it now finally time to get rewarded in ibm? >> i don't think so. it not like you have new management, not like you have this rock star ceo that's coming in, that came in to target, that came in to chipotle. pick a company you got the same old same old. >> it n's not the same old sale old. that's unfair. >> well,

netflix apologize for inappropriate artwork for the promotional poster before it was released but it was defending the content of the film saying in a statement "cuties is a social commentary against the sexualization of young children, this charge is without merit and we stand by the film." attorney brian claypool who specializes in civil rights and child sexual abuse cases it says of the biggest challenges prosecutors face is people have to pay or subscribe to netflix in order to watch the film. he says prosecutors must prove the sole purpose of the movie is for sexual interest. >> if netflix loses, this could be perceived as government intervention, censorship, and that could very well define what type of material platforms can post both through television and any form of social media. >> netflix did see some cancellations after releasing cuties, the film's director writer said people are missing the point, she says it's a critique of the hyper sexualization of younger girls. charges entered in arraignment date have yet to be set. >> bret: up next, why one of the most powerful rep

back in place do you think netflix can make a push to all time highs again? >> mike? what do you tell matt. >> i don't know if it will result in new subs for netflix, but it has the same volatility data, but yet there is no catalyst that's very odd. you would have to go out to february to buy your call options because that captures the next earnings. and then sell some november calls against it and keep doing it that's the way to do it. that's how to play netflix on bullish options. >> subscriber growth has slowed down if you saw the earnings announcement international subscribers down quite a bit. if you are looking for a longer term grind, mike's calendar makes a lot of sense >> i am no chartist, but that chart doesn't look that great. >> it is churning. high volatility, but range bound, and the risk here is that it breaks the downside from the range which it has been in >> not bad for first time out. >>> up next, the final call. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a fir

i'm so happy it's on netflix everyone's going to be watching it this weekend. do you want to set it up, what the movie's about? adam sandler's hubie >> hubie -- adam sandler's hubie. and hubie's this -- just this sweet, sweet dude that is, you know, i don't think he's very popular in the town. he -- he takes his job very seriously. making sure that people are safe, and he wants everybody to be safe on halloween and my character is one of many people who are not -- not very nice to him. and his mom really tries to let him know that he has to, you know, stand up to bullies and take care of himself and -- and he's just -- poor - poor hubie just rides around town drinking out of his thermos, while people throw eggs at him. [ light laughter ] poor guy >> jimmy: oh, that's so terrible >> i know. he's a good dude >> jimmy: it was hurley, right hurley, he and sandler >> yep yep. hurley and sandler. >> jimmy: can't beat that. i want to show everyone a clip here is maya rudolph in "hubie halloween. take a look. >> does that turn you on >> how is sucking on fake fingers s

now you'll recognize this shares in the world's leading video streaming service netflix have split 6 percent that's after the company deliver its disappointing 3rd quarter results and that flick only picked up a relatively meager 2200000 of new subscribers in the july to september quarter and that's after a pandemic driven boom in the 1st half of the year when the service gained $26000000.00 new viewers is because netflix is so successful in its home market of the u.s. that this little room for its to grow there but the company isn't in trouble far from it nearly 6 and a half $1000000000.00 its 3rd quarter sales were slightly above analyst expectations so streaming services belong to the winners of this pandemic but what about the industry that's actually producing all those films and series as i ask someone who should know the c.e.o. of constantine film martin. a very good morning to you good to have you with us let me let me start by asking i mean concent film obviously is well known as one of the the biggest international film production and distribution companies in the world it'

netflix's latest results are adding to doubts they can maintain growth. it has added just 2.2 million in third quarter. about a million r short of what analysts expected. simon french turning his thoughts to some of the stay at home stocks and some benefits from these trends. it is interesting when you think about what the pandemic has done here because in so many fields of life, the pandemic has -- push things to the direction that we were heading but more quickly. increase the pace of change. neighbor helped netflix in the early days but it is increasing rates in which competitors are bringing out rival products. >> certainly right when you are looking at the profile of netflix users. the broader point you make about the stay at home economy is the initial surge was very countercyclical. as the wider economy was going into a deep recession. actually these netflix and the equivalent -- greater volume 3678 other forms of consumption were depressed. suppressed. restricted. so able to countercyclical during the recovery. you expect them to be cyclic a.m. fa

. >> netflix, speaking faang, we have really positive note out, netflix, just talking about how there is really not a lot out there. i suggest that people watch "the boys" on amazon. pivotal, massive benefit from global covid-19, thesis unchanged, despite competition from a company we stopped talking about, disney. that stock goes step by step, inch by inch slowly disney falls. >> it does down 15% for the year. but its market value, close to that of netflix. $9 billion behind in terms of size you're right, we haven't talked as much about disney direct to consumer there, continues to be the focus. it is not as easy when the theme parks aren't being able to operate at capacity. and, by the way, they made a lot of money having people sit in movie theaters watching what they produced. a lot. >> right >> they don't make that anymore. >> you won't get covid -- i particularly am not challenged, carl a lot of people worried about getting co-rid from tvid from t at the movie theater. >> hadn't thought about the seatback theaters have never been incredibly clean the line that stood out to me wa

you've been a big believer in netflix. is there something the ceo could say today that would make you less inclined to own this stock? >> for me it's going to be all about the churn. right now it's 51 degrees and completely gloomy today in cleveland. winter's coming, covid is flairing back up and streaming isn't going to lose momentum for the foreseeable future whenever netflix had a bad time in the past, it was because of churn. so the guidance on net paid ads was very conservative, had it at just over 2.5 million. i think it's going to come in above 3 million. movie theaters are dying who knows if they'll even be a thing in five years. i think you're going to see more and more of these movies go straight to streaming. and i happened to watch the new adam sandler movie yesterday with my kids i got to tell you, it was no "billy madison," no "happy gilmore" but it kept us busy netflix's pricing power is getting stronger the percentage of respondents who said they would pay more for a subscription has gone from 48% at the en

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if they can hold on through the pandemic how does that impact netflix, and not just netflix, but the other streaming services too >> well, i think that's another thing to really listen for on this earnings call because netflix started to catch hbo, which they did then they wanted to become the whole cable bundle which they have been, and now they're after becoming this huge movie industry power house, and while the movie theater industry has basically been closed down the and the major theoretical releases are delayed to the second half of nekd year, axt yo the studios have been selling their less than block buster movies to netflix. netflix has original movies coming out they have become the place to go to for new original movies now, and that's going to have further impact coming out of covid on movie theaters being able to reestablish themselves i think what movie theaters should do is begin to have some kind of broader relationship with netflix so that all the netflix original movies can have some broader theater opening for some short period of time because the legacy media comp

free ride, netflix, there we go. welcome back, i'm brian sullivan here is how your investments look as we are about halfway through the 5:00 a.m. hour futures are solidly in the green. dow futures up 123 right now what is going to move the markets today? money was all the options related move, the gamma that we talked about wasn't anything but today it could be this, a big day for bank earnings. bank of america, wells fargo, pnc, u.s. bancorp, goldman sachs out with earnings. now, earlier we asked you a separate question. can you name the best performing s&p 500 stock this month can you? look at that chart it is a mask play. it is etsy up 25% in october and 245% this year if you like random stocks like that, your rbi later will have one stock that goldman sachs says meets tough growth criteria but is still down year to date. but etsy is your mystery chart of the morning turning now to a chart you know, that is apple and the company's highly anticipated push into 5g became a rewrae reality yesterdy the iphone 12 mini

netflix down about, what 4, nearly 4.3%. they didn't bring any subscribers, sign-ups that is in latest quarter. snap, way up. i think the gain is about 23 we're right now. there you two, 23%. it made a profit and revenue was as they say huge. stay there, please, because there's more good news on corporate profits coming your way and we have the news on trump supporters afraid to put out a yard sign or stick out a bumper sticker and you will see the president unlearned on the campaign trail two weeks after getting the virus, this man is on fire. varney & company is about to begin. ♪ ♪ stuart: what's the name of it? susan: keep it coming. stuart: nice and upbeat and lively. that's accurate and okay. president trump threatens to post his own video with leslie after she was reportedly hostile with him. roll tape. >> you have to watch what we do for 60 minutes. you'll get a kick. you're going to get a kick out of it. leslie is not going to be happy. stuart: the president did not stop there. he also posted this video on the le

and price hikes after netflix australia and canada and free trials stopped in the u.s. and competition on the heels of disney reorganizing to focus on streaming and hbo max and peacock's expansion in the quarter. while netflix shares are flat and 60% of analysts have a buyer overweight rating, the other company reporting this afternoon, snap, has seen its shares gain 12% over the quarter and two-thirds of analysts have a buy or overweight rating over that stock analysts are watching the top line, whether it can continue to deliver stronger than expected revenue per user is in focus they predict 4 to 6 million new snap users as with netflix, snap's guidance will be in focus as analysts look for insight into how much the company's fourth quarter revenue will benefit from direct response given the key holiday season >> important stories for tonight. we did get a number of price target increases on a lot of names reporting this week. yesterday morgan stanley went from 121 to 130 on texas instruli instrumen instruments. and then as far as stimulus watch goes, political does

, which they reiterate buy, you bought the calls in netflix, pete what do you make of that >> there's really some aggressive buying going on in there, as a matter of fact, scott. just to the immediate term that you just pointed out, october 9th expishing. we see all kinds of buying to the upside we see it going up to the 550s i think it speaks for itself this is a global company we all know that and are they really -- everybody wants to always compare them to disney plus, right but the reality is, disney plus, when you look at the demographic, is quite a bit different than netflix i want people to understand, there are streaming and different areas of streaming as well and i think netflix, much more in the adult category of streaming. it's something that, obviously, their growth internationally is still something i always look to and i think that continues to be something that could be huge for them in the future while they probably get a little more stale here in the united states. >> good stuff. pete, thanks for that. speaking of, pete, he has unusual activity trades straight ahead.