Netfli the dil media outfit crushed earnin expectation a lot more international and dome subscribersn many thought ty would. People are signing up to watch its line up of new and original shows. R the quarter, netflix earned 12 cents a share, doub fore rose 31 to more than 2 billion, and with that, the 20 in initial after hours h tradin julia has more on what netflix beating trong quarter. Acro the board as subscriber numbersd expectation and the price hike proves not to be00er at all. 56 million new subscribers, 2 milln fro overseas, bringing the count to 87 million the fourth quarr looking y rosie. Netfli forecasting it will as a far better than expected 5. 2 n new subscribers sayi the results are driven by excitement around its orig content. In the pas quarter, its hit stranr things and narcos in particular. The results push the company to cont to invest even more in prod its own original conten Julia Boorstin in los angele knew to ibm. This came despite growth in its cloud and arti
A bit concerning. Housin starts, which refers to th numbe of Residential Homes that broke ground tumbled 9 in septem thats the second straight month of declines. And a number like that is just what this Housing Market does not need right now, since its being challenged by low invent upon closer inspection, the report may not be as bad as it looks. Diana oli rep it was construction of these multifamily apartments that sent headline ho star basement in septem total start down 9 . But the story was very different for these, singlefamil homes. Builde started 8 more of them than they did in august. The highest constructio rate and thats important, because the pri of Single Family homes for sale new and existing to cont to fall to some of the lowe history, depeg on the market. Single family Home Builders still being very conservative. Still only operating at 75 of histor normal levels. Any move higher is a good thing for. As for the apartments, t dras drop in september may be outlier, given
March. Last trading day of the month, a lot o data, more fed comments ahead of the jobs report on friday. At viacom the drama continues. The current board, well, its not going to go quietly vowing to dig in. And this is whats amazing, fight its Controlling Shareholders hold over the company. And a new name at the top, debt on the highest paid ceos and why the pay isnt moving the direction you may think. First up we head into the final trading session of may. The nasdaq leading the month more than 3 . If the gains hold this will be the fourth year stocks have major averages have gone positive for may. No selling and going away necessarily. Mike, your point this morning is stocks have been able to rally in an environment where a rate hike looked more and more likely. Exactly. Although its hard to say if the market is fully kind of digested that idea that were going june, july. But todays personal spending number kicks you in that direction again. Been a strain in the market for well over
Few hours ago. Plus bill miller at delivering alpha talking about his best investment ideas. He will join our show live for more ideas and will bring you highlights of interviews with others. Live from delivering alpha in new york city. Lets start with the price of oil reversing gains. Jackie deangeles has details. Good afternoon. 3 sell off today and closing at 44. 90. Three significant factors impacting oil prices. The first would be the monthly report taking demand forecasts down not just for this year but next year, as well. The wall street thesis for this rebound that is supposed to happen depends on demand staying at least flat or ticking up. So thats not really a good sign. The equity plunged today and also a little bit of strength in the dollar not good signs for crude oil. Inventories tomorrow. Remember last week we saw a draw down of 14 million barrels. Some are looking for a pretty substantial build. Those are the ones who think last weeks action was a one off event. The bui
Park bogeda shows the mta and two Police Officers confronting the man stealing a cell phone from the car. And the officer holds the theyve thiefs hand. The officers are fully involved. I saw that video twice. I had the opportunity to see it and look at it in great detail. Im comfortable that its now being investigated, and in any event, i think its shown very good credibility in the investigation of these matters as they go forward. The suspect i. D. d from staten island. They tracked him from the find my iphone app. Mayor de blasio says he hasnt stein video but talked about the new changes to the nypds use of force policy which calls for retraining. Chuck . Thank you. Tonight the police are looking for the killer who murdered a mother and her 5yearold boy in jersey city. The two bodies were discovered in their home last night. Reporter thats right. Im here on lincoln street right in front of where that mother and her 5yearold son were found. Still so many questions tonight including h