After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
The president meeting right now with congressional leaders at the white house amid on going crisis in syria. Well bring you any headlines from the president this hour. We mentioned we are waiting for netflix now. Wee bring in our panel, gary b. Smith, kadena group president. Also a fox business contributor. Jack hough, barons associate editor. What are you looking for on they netflix. We call it earnings report, how many new customers you bring in who are willing to pay. Last quarter was a disappointment. The stock plunged. I think in this report they dont really have to beat the estimate. I think they do have to meet it. You cant go into this later part of the year without melissa hold on right there. We have numbers. Connell revenue is right in line. 5. 25 billion was exactly what we were expecting. Deirdre will have more details what you see. Stock is selling off there. I dont have a comparable earnings per share number that i can give you yet. Im not sure if it is earnings per shar
Its just now reinforced by state law or state code. The threepart test is broken down here. The worker is free from company control. And the second is that any person that is performing work that is outside of the usual course of the hiring entity. And the third part is that the person is putting themselves out in a market and offering their services to other than to the hiring entity that they test, like, do they advertise for their services. And do they are they truly an independent business and are they more directly an employee of that company. So workers are considered to be employees unless they fail this test. And unless all of these conditions apply. And put a caveat there that as a. B. 5 was working towards the Legislature Many exemptions were added to the bill. Gig workers were explicitly not exempted and as we said explicitly many times unless theyre targeting this particular sector. So that brings us to enforcement which is a little bit less clear. There are basically four
We start with uber, the taxi giant has been branching out into everything from food delivery to electric bike hire and later today, its launching this uber works an app that puts casual workers in touch with employers. It will allow say a waiter or a cleaner to compare pay rates and conditions and sign up for shifts. The system will start on a trial basis in chicago. Uber works is designed to cash in on the massive growth in freelance working via digital platforms, known as the gig economy. Nobody really knows how big it is, but according to estimates by Staffing Industry Analysts it was worth 4. 5 trillion globally last year. To put that in perspective, in the us, 53 Million People did some kind of freelance work last year, often on top of a regularjob. That equates to more than a third of the workforce. If it keeps growing at the current rate, more than half will be freelance within a decade. According to deloittes survey of millennials, or people in their 20s and 30s, almost two thi
State law or state code. The threepart test is broken down here. The worker is free from company control. And the second is that any person that is performing work that is outside of the usual course of the hiring entity. And the third part is that the person is putting themselves out in a market and offering their services to other than to the hiring entity that they test, like, do they advertise for their services. And do they are they truly an independent business and are they more directly an employee of that company. So workers are considered to be employees unless they fail this test. And unless all of these conditions apply. And put a caveat there that as a. B. 5 was working towards the Legislature Many exemptions were added to the bill. Gig workers were explicitly not exempted and as we said explicitly many times unless theyre targeting this particular sector. So that brings us to enforcement which is a little bit less clear. There are basically four theyre all labeled one but