Just might pay off big time. We start with an earnings load on netflix, moving sharply lower in the afterhours session down by more than 10 . Netflix plummeting after it reported a miss on the bottom line in fact, its biggest earnings miss in 16 years netflix also giving far lower than expected guidance for the Third Quarter subscriber editions, forecasting the edition of 2. 5 million new subscribers in the Third Quarter, less than half the number analysts anticipated. As expected, growth is slowing as consumers get through the initial shock of covid and social restrictions. Now the chief content officer has been appointed coceo and is joining netflixs board of directors, saying in terms of the day to day running of netflix, i do not expect much to change our key executive Leadership Groups are unchanged think of teds well deserved promotion formalizing how we already run the Business Today when the call starts in an hour, well be listening for more on the impact of competition, name c
No change in the lpr. No real effect when it comes to the cnh, the offshore renminbi. 6. 86. Maintaining the gains we have of late. The euro weakening. Keeping an eye on crude. Oilared by the National Company after saying it was commandersone of the of one of the civil war activists from exporting. Got oil field disruptions taking place in iraq. What else is happening in beijing. We join selina wang for the first word news. Selina thank you. The former white house economic director gary cohn says he sees no recession predicts the economy will continue to grow as we move towards novembers election. While president trumps tariffs produce the phase one trade deal they inflicted some damage on the american economy. I dont think we would have gone to a different outcome. I dont think the outcomes helped us get to a different outcome. Did it hurt the u. S. . Its. Totally hurt United States the u. S. Economy is very strong, employment is great but we are missing a big component. Were missing
Liz is out today but we have breaking news to begin with, fox news is reporting that hamas has released to elderly israeli women both being a poor health, of course we are following all of this and more on the latest developments coming up in the show out of the middle east. Markets right now are pretty mixed with the choppy trading session. S p and nasdaq up slightly, then affect doing better the dow down slightly, all of this as republicans reconvene to discuss potential speaker candidates later today. Again, jointed us with the very latest in the soap opera is chad pergram, good afternoon. Good afternoon, republicans meet tonight again for another Candidate Forum for speaker, nine republicans vying for the job, they are names youve heard of like House Majority whip tom emmer and Byron Donalds but also backbenchers to jack bergman in dan meuser. Everyone on that list would make a good speaker but i bring a lot of experience to this and a lot of time the private sector and the revenue
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Fourth Quarter Revenue of $78.6 million represented a 17% increase over prior-year period, with growth of 42% in Gaming, 36% in Virtual Sports and 9% in.