Ibm and netflix, both reported earnings today after the bell and the two companies have one thing in common investors are disappointed. First netflix. Shares falling and falling hard initially in afterhours trading. The Video Streaming Service says it wont add as many subscribers this quarter as expected. The reason, price increases. And on the other hand, the numbers for the most recent quarter werent bad. Not bad at all. In fact, the Company Earned 6 cents a share, doubling expectations of 3 cents a share. Revenue a little shy of estimates but up 24 from the prior year. It was, however, the subscriber forecast that got shareholders attention and pressured the stock, as you see there. Julia boorstin has more now on netflixs results. The key factor driving netflix lower, its Second Quarter projection which fell far short of expectations. The company says it expects to. 5 million new subscribers compared to wall street expectations it would add over 4 million new. With lower than expect
We begin in Eastern Ukraine with conflicting reports about the situation in debaltseve. Prorussian separatists claim they have taken control of the key railway town, while the Ukrainian Army said they still hold it there. Lets speak to paul brennan what are you hearing about the situation there . I can hear, maybe you can, as well artillery bombardment right now. I couldnt tell you which direction its going in, were sort of behind the field with a separatist artillery talking about whether they are prepared to withdraw anytime soon. As far as the situation in debaltseve itself goes, well, conflicting reports, because both sides are claiming theyve made progress there. The cranes insist that they still control the strategically vital Railway Station in the center that have town. Its a Central Transport hub that the separatists have taken from the army. They have got a track record of premature self congratulations. From what im hearing and the smoke that we can see in the distance over
Hello, welcome to countdown on bloomberg. Bloomberg reporters are ready to deliver the stories that will drive your day. We are looking at the optimism surrounding the Child Support in the u. S. We have the details on twitter s tumble. In hong kong, we are following the china trade numbers. The best performing stock in europe last year. Were looking at a new player with a supermarket. Coming up, if your new years resolution is to shed those christmas pounds, you are in luck. Reveals which foods can kick your diet into high gear. And will even get to try a few. U. S. Jobless room port is out. If2. 2 7 million is a number. E get todays 197,000 that is how many jobs are added last year. Plenty of reason for a strong report for december. One of them pointed out by Goldman Sachs is quite simply the short holiday. You had this compressed hiring that goes on into the start of december. You have to start thinking about Something Else as well. Youre not just hiring for the shop floor, people ar
This size, lets talk first about Power Outages because it really does speak volumes, people are already out of power and the hurricane hasnt even landed on shore yet. Yeah, so you know, obviously the problem with this storm running south and north through the whole state, maximum radius winds are going through large portion of the state, power is going to be out and this is could be largest Power Outages the United States has seen in a long time particularly those in florida where millions without power for multiple days, if not weeks for some cases, its all about setting citizens expectations. We will do everything we can to prestage, work with private Sector Energy partners to get the power on, but because of the forecast track here, people need to expect and do ready for the power to be off for same time. Julie the winds causing Power Outages with power being knocked down and also trees coming down as well. We need to talk about the water because water and im talking about this mass
Like this. I mean, 15 feet of storm surge above the ground level, i dont know how you survive that. Right now that storm has already started to slam parts of south florida. Some areas already experiencing tropical force winds. People without power right now. Were told it will climb into hundreds of thousands if north north of a million. We just got the new advisory on irma. Here is meteorologist bill karins. Here is how it works, every three hours intensity, every six hours path update. Next path at 11 00. This is intermediate advisory they call this. Center of the storm off the cuban coast, drifting off the cuban coastline painfully. Thats the biggest headline with the new update. 120mileperhour winds. It was 125. So they have lowered the winds a little bit. The weaker the winds the better. That means well have that much less wind damage. These storms do manage in many different ways, though. I think when its added up, the storm surge will do so much damage than the wind will. The win