Netflix, as the richest is the streaming world, still expected to get richer than many of its competitors, academy i think we have to put this Earnings Report into context at the same time, john, i wonder if net flix is a pretender of what is to come it has been one of the great work from home, stay at home plays, and we have earnings coming up. Really this week you have seen some names take a breather zoom is down more than 10 this week these have been some of the really outstanding performer this is year and theyre taking a leg down so as with netflix it showed gains came earlier this year. Could they really keep up that momentum i think investors are taking stock of that right now. That is a fair point, but i think how much of the trends that we have seen are going to stick . Zoom has given up some, but it is not a ton i know that i have changed so much of my work and productivity patterns around some of the trends, i dont think that im going to switch back on a lot of this stuff i
A un report says the world will miss its chance to avert climate disaster unless there is an immediate reduction in fossil fuel emissions. And well look at a report from a uk Consumer Group warning that many black friday sales are not what they seem. Race and religion are dominating the uk Election Campaign today. Both major parties have been accused of institutional prejudice. For the conservatives, its a charge of islamaphobia. For labour, its anti semitism. To labour first. Heres an article in the times by britains most seniorjewish leader, the chief rabbi ephrime mirvis. He wrote. That sentiment was backed up by the chair of the jewish leadership council, an Umbrella Group representing secularjewish organisations in the uk. Anybody who knows the chief rabbi knows him to be a temperate and a thoughtful person. Hes regarded as a real shepherd to his flock. And the fact that he feels the levels of anxiety and is reflecting the anxiety of the community at this point in time, you need t
The nikkei was off by. 10. Hang seng managed to edge higher by 1 3 of a percent. Shanghai comp down. 4 of a percent. Over in europe, take a check there. We have red arrows aside from italy which is managing a. 6 percent of a gain. The dax is down by half a percent. As for treasury yields, it seems to be in focus it has been in focus as we are waiting. Fed chair jay powell might say about a potential rate cut in july the twoyear now 1. 925 . Quite a steep rise considering that the recent low is 1. 696 . 195 on a close. Amazing yields. Obviously stretched lower in trade news, top u. S. Officials, talks back on the hill the first high level talks with the chinese counterparts yesterday. They continue to try to work out a trade deal people close to the conversation say both sides are going to continue talking but that existing tariffs could be, in their words, the new normal. Netflix is losing another high profile tv property next year friends is moving to warner streaming service hbo max.
60 points after the dow closed at a record level yesterday. The s p closed lower yesterday all the major averages moved off the highs of the session this morning the s p is indicated up by 5 points the nasdaq up by 10. This came after the feds decision and after if looked clear that Republican Leaders reached an agreement, at least in principle, on where theyre headed with the tax bill well talk more about that green arrows across the board this morning in asia, the nikkei looked like it was down by a quarter percentage point similar declines for the hang seng and shanghai. This morning in europe, with some of the early trading, you will see that there are some declines across the board. The biggest loser is the dax down by a half percentage point. Cac in france is down by 0. 4 . We have the bank of england and the ecb going to be releasing some policy statements today check out crude oil prices which were lower yesterday crude oil at 56. 59 couple of big economic reports on the agenda
Ceo tim cook has said i realize how much i realize how much ive benefited from the sacrifice of others. If i can bring comfort to anyone who feels alone or inspire people to insist on the quality, it is worth the tradeoff with my own privacy. You can read all of tim cooks remarks in the new issue of Bloomberg Businessweek, on stands now. We have got much more. The dollar against most major currencies a day after the fed closes its door on easy money. The Bond Buying Program is designed to boost the economy. Janet yellen and crew decided the economy did not need as much help. Still, theyve committed to keeping Interest Rates low for a considerable time. President obama says that quarantines and travel bans. This part of ebola. Wont stop the spread of ebola. Until we stop this outbreak in west africa, we may continue to see individual cases in america in the weeks and months ahead, because that is the nature of todays world. We cannot hermetically seal ourselves off. Showdown in maine be