Just might pay off big time. We start with an earnings load on netflix, moving sharply lower in the afterhours session down by more than 10 . Netflix plummeting after it reported a miss on the bottom line in fact, its biggest earnings miss in 16 years netflix also giving far lower than expected guidance for the Third Quarter subscriber editions, forecasting the edition of 2. 5 million new subscribers in the Third Quarter, less than half the number analysts anticipated. As expected, growth is slowing as consumers get through the initial shock of covid and social restrictions. Now the chief content officer has been appointed coceo and is joining netflixs board of directors, saying in terms of the day to day running of netflix, i do not expect much to change our key executive Leadership Groups are unchanged think of teds well deserved promotion formalizing how we already run the Business Today when the call starts in an hour, well be listening for more on the impact of competition, name c
Im laura garcia. And im marcus washington. Mike is keeping an eye on the commute. And look who it is, vianey arana in for kari this morning with a look at the forecast. Good morning, vianey. Good morning hey, guys, good morning. Nice to see you all. Thank you for allowing me to join you on this wednesday morning. We are seeing some areas of fog. I want to show you that great shot of walnut creek. It also shows you the clouds up there, even though were not seeing any sunshine just yet. Here is a closer look at the temperatures currently, probably our coolest part of the day in the 50s. Look at all thatting to. Ill talk about your daytime highs in just 15 minutes. Back to you. Hey, the big view as you would expect around the bay shows green sensors. We expected that for the dumbarton bridge. Up until 90 seconds ago it was slowing showing up in both directions. Things have cleared up. The last to cleared was university on the approach toward that bayfront expressway near facebook. Im doub
As well as those councilmembers because that meeting started at 6 00 and didnt wrap up until about 3 00 a. M. The final decision was changes in policing here in the city of berkeley were necessary, so those councilmembers voted to proceed with making those changes. Lets break this down. Last night a total of five proposals related to policing which will combine into one omnibus measure. Many which created the creation of the new department to handle trafficrelated stops and duties, an audit of police calls and response and the creation of specialized care units to handle the nonpolice trauma calls were all lumped into one. One of the more drastic proposals, was not included in that allencompassing proposal. After hours of public comment, every councilmember but one who proposed a budget cut voted yes. She said the items did not reflect what the people wanted and did not offer enough change. Take a listen to what residents had to say outside of the meeting. They wont be able to beat peo
It is healthy if we have cyclical sectors doing well. On the other hand, and on the idea we are recovering are going toward a reopening, if you have the stayathome stock such as the apples and amazons or some trades. Ther it will be interesting to see how this works out. Right now it is resulting in jitters. That with warned us the fans they might have gone too far, too fast. Youve been warning us. What about the news of a possible vaccine . That seem to capture the markets attention for a wild. Abigail , it did, and actually yesterday, too. Produce that bullish open. Behind the scenes on the day, it is coming down to the dollar. We have a strong inverse relationship as happens in certain periods of time between the dollar and stop in risk assets. Today we have the dollar down. 5 . Now it is down. 3 . That is incredible sensitivity to a change of just. 2 over last month. The dollar is down, the s p 500 is up. Up, the year, the dollar is the s p 500 is down. That subtle nuance happening
Facebook, netflix all turning positive we are up 3 4 sorry, 2 3 on s p. Another higher day, certainly off session highs. Coming up on todays show. Great lineup uper facing fresh lawsuit from massachusetts over how it which was its drivers. Early investor bradley tusk has an idea that can help them avoid headaches and take on rival lyft hes going to join us to explain. Speaking of the pandemic, new Jersey Governor Phil Murphy will join us to discuss his states path forward, whether hes prepared for what the fall will bring in the northeast. Lets focus on two key stories meg tirrell with modernas vaccine news and Big Bank Earnings certainly better with Goldman Sachs. Meg, start us off with moderna. Hey, sara the full phase one trial results from the Covid Vaccine published last night in the new england journal of medicine. This was 45 in the trial we got a glimpse of 8 out of 45 on important key data. These were healthy adults who received two vaccines a month apart. Everyone generated a