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
Is bracing for two days of testimony from fed chair Jerome Powell on capitol hill along with the fed minutes, which will be released tomorrow it is all going down as the market hovers at record highs. So can powell deliver and is the fed about to spark another record rally guy . Yes. Why why eye of the tiger . Why survivor that song is brutal. It is not brutal. You chose that, right it is who survivor. Oh, yeah. I allow 10 seconds of needless chitchat. Because we have to. We usually do 59 minutes guy, can you please. I thought the market is going to roll over for quite sometime. The question is can the fed say what the market needs to hear in order to have the rally continue the s p 500 at alltime high, the vix has a 1500 and everyone feels confident that the rally will continue. I cant imagine what he could possibly say that would be any more dovish than theyve been. It will be interesting he has to answer questions tomorrow, is that right . He does. The question is if im a senator or
New bull run as we get ready for the second half of 2019 . The Halftime Report with scott wapner begins right now. Welcome good to have you with us this monday joe terranova, scott brown, sarat, shannon here. Dow closing in on a new record again. New pace for its best month since october of 2015. Its been a great month. Were going to roll into the second half with pretty good momentum whats going to decide whether we can keep it or not . Well, i think the prevailing trends will remain intact. Take a look at microsoft and walmart. These stocks continue to roll up anyone thats been betting against them have been out for a long time. A lot of people are coming to those stories new. Its shocking how big those market caps are for the respective sectors but you till have people coming to these sectors saying i missed a lot but i still feel theres upside i think that continues the two best looking sectors believe it or not right now away from tech continue to be Consumer Staples xlp. And agai
Nasdaq declined. Everyone acts like this a totally by narcoticry si bianar. The fed tightened nine times and weve had a phenomenal bull run here im not saying the fed doesnt matter Jerome Powell almost drove the economy off the cliff when he was determined to raise Interest Rates. Ill be watching him like a hawk or maybe a dovish hawk when he speaks to congress however, i think far too many people are misreading the fed and more important, they are misreading the moment first, let me set the stage. Lets talk about the economy after gaining strength for the better part of a decade, the economy started losing steam last fall. The Business Cycle is a tricky thing. It can speed up or slow down for any number of reasons. We dont need to know the cost we just need to notice that a slowdown is happening. The problem late last year is that they didnt notice. They didnt notice in 2007, either something they get wrong now and then if you look back at the period since the fed started tightening,
According to this market with the dow gaining 23 points, s p advancing. 09 , the answer is it can be fun and it can be rewarding as long as you know what you own now i realize im going to get a ton of push back and fun and invest not supposed to be fun. Were told fun is classic sign of a top people are giddy in buying everything that moves, it means that the market is peaking. The house of pain. Its absolutely true. I dont think were there yet. Now not everything is moving you need to be selective with the stock. Not like this isis euphoria. Remember this whole run started with j. Powell indicated hes monitoring the economy and will cut Interest Rates if he needs to so if he comes out this week and says the consumers economy strong and therefore we dont need a rate cut, yeah, sure. That could be troubling. Were told that trump can crush us its happened before its less and less likely to rock the stock boat given the ugly polling were told evaluations have gotten insane,however, thats o