That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
We think investors are contemplating today. Netflixs ability to raise price in lieu of rising competition. You saw evaluated churn in this quarter from price increase, as well as its ongoing need to invest in content. The Company Called out their inability to mute their subscriber estimates based on what was seen to be a weaker content slate. So to ask that shows the need to continue to invest heavily in content. Do you think price hikes from here on out are just going to be too hard to do we dont think theyre too hard to do, but perhaps the magnitude we saw in that quarter wont be as large as we move forward and the time between the next price hike might be a little bit longer. Or maybe, john, as one of your sellside colleagues said earlier in the morning, maybe you dont do a price hike in a contentweak quarter yeah. I mean, that was the thing about it like, if you look at it, netflix has beaten 10 of the last 14 quarters, but missed three of the last four years, and two of those year
But first, apple analysts have lowered iphone x shipment projections for the next quarter citing weak demand late in the , holiday season. Iphone sales have declined by 10 Million Units next quarter. Other analysts cite the iphones high price and a lack of groundbreaking innovations. We talked about that to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. And so there was a fear that maybe if they got too close to the release date of samsungs next highend smartphone which will probably come in march, there would not be enough demand to sustain the demand they otherwise have to get. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products now which have a better price point than what apple is able to offer but have similar very , similar features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writi
Lowered iphone x shipment projections for the next quarter, citing weak demand late in the holiday season. Iphone sales have declined by 10 Million Units next quarter. Other analysts cite the iphones high price and a lack of groundbreaking innovations. We talked about that to Bloomberg Technologys alex webb. Alex the iphone x was released six weeks after the iphone 8. And so there was a fear that maybe if they got too close to the release date of samsungs next highend smartphone which will probably come in march, there would not be enough demand to sustain the demand they otherwise have to get. Cory competition is another part of this . Alex exactly. Particularly in china, a lot of the local manufacturers are coming out with products now, which have a better price point than what apple is able to offer, but have similar very features. Nobody quite yet has the Face Identification or the sensor that the iphone has. Some of these analysts were writing earlier today, that has not been enou
With a tepid start to the year the chart master sees something in the charts that could spell big trouble ahead. Well tell you how to profit first, the dow surging more than 200 points, well past 25,000, closing at an alltime high dowdupont is one of the highest stocks this week material stocks are the second best sector in the new year, adding to a strong end to 2017, a sign that the global rally is really catching fire, as commodities are rising and the dollar is calling. One could call it a material world. Freeport, 41 , mosaic up 13 is this the beginning of the global reflation trade if it is, whats the best way to play this move tim, youve been all over this this is an extension of the global trade again, this really started in march of 2016. You kind of had a Double Bottom for a lot of these assets. Some of them back in december, after we got through the elections and people were questioning, you certainly got it for emerging markets. The places you can still play, theres little