New iphones go on sale as the stock feels pressured this morning. Plus, geopolitics over the market, north korea leader is say hell test a Hydrogen Bomb over the pacific. First up, though, stocks are looking to regain momentum after the dow snapped a nineday winning streak and hit an interday high early in thursdays market. War of words between the president and kim jongun. We had the sanctions yesterday of the u. S. And china and now a threat over the pacific. The escalation is notable this week, michelle. Journalists know that the statement of kim jongun came from him directly. Usually north korean media, et cetera an escalation certainly but still not that much response i mean, considering what donald trump, the president said on the floor of the u. N. General assembly on tuesday, not a huge reaction yet over the concerns markets are putting it in that file that says, its been going on for decades maybe an incremental escalation and theres no clear path to handicapping where this go
Cramer and david faber. Netflix surge. Stocks open higher as a big beat. Shares of Goldman Sachs are falling in the premarket despite what was an earnings beat. Dropping plans to replace obamacare. What that move means for the rest of the trump agenda, issues like taxes and trade first up, netflix is poised to open at a record high. Sub growth coming in much better than expected in the Second Quarter. That news overshadowing the earnings miss. Reed hastings on last nights Earnings Call. Anything notable beyond 5 million net ads in q2, alltime record for q2, up sequentially from q1. I think were seeing the rewards of doing great content, focused on the quality of the service are paying off. More than 1 million added in the u. S. Alone estimate was for like 600 k. People are wondering whether or not the shows are pulling subgrowth demand forward well see. I have to tell you this is one where i really this was a joyous Conference Call it was a great presentation. I found myself uplifted.
Drag hi speaking now the president marks six months in office today. Futures are steady yields below 227 as philly fed comes in light road map begin with a stock rally. Markets poised to open higher aztec stocks party like its 1999 breaking through a nearly two decade old record. Shares of american express, travellers and black stone all falling after earnings. And the Amazon Effect shares of sears are up sharply. The retailer announcing its ken more products will now be sold on amazon. First up with all three major indices posting record closing highs in the middle of a nine session winning streak thats the longest in over two years as they break through the record close surpassing the. Com record on march 27th of 2,000. That raised a lot of eyebrows. Sure did. Its pretty broad based and yesterday was surprisingly much more biotech than tech theres lefation going on. Theres companies that are just being revalued on a daily basis. Amazon being the most in terms of momentum, momentum, m