No matter how much you might be tempted otherwise, netflix today after that disappointing quarter. Just became the hard money on a day where the averages seesawed in response to earnings, s p gaining 3. 6 , you need to understand how a stock can go from easy house of pain to hard the house of pain and pin action from that particular move. Can rightly or wrongly impact a host of other names as Portfolio Managers try to wrestle with the consistent company that is suddenly become erratic. And that, ladies and gentlemen, is netflix look, we all know the story. Most of us love easy netflix they like lots of older programming to bring you in and add in brilliance to keep you hooked they can make some truly great stuff like Stranger Things the latest season has president been out for a month and already its been watched by 40 million households however netflix had truly heinous numbers. This they didnt grow subscribers in the u. S. , they lost thats the first time they lost since 2011 earning
Morning, good morning. This is bloomberg surveillance. Equity futures unchanged on the s p. Alltime highs off the back of a hotter than expected cpi report. Theres a difference between what economists expected and what the market was priced for. Making absolutely no sense whatsoever. Which one was it. Basically youre having people justify the story at a time when there are more than half of the components of the dutch them coming in hotter than expected. Theres a lot of seasonal issues with the fact prices reset. They can explain it away because the fed wants to cut rates. On the flipside it doesnt make any sense for the fed to cut rates if you see a reacceleration in goods pricing. If you see that in the other components of this index. Is it a fed thats going to cut rates matter what or is it stickier inflation people have to grapple with . Bank of america saying this, Service Inflation good surprise. You can take comfort from the discomfort of the latter. We are still on the down tre
At least 22 people are dead dozens others injured after two separate Mass Shootings in lewiston, maine last night one a restaurant another at Bowling Alley Police Searching for person of interest, 40yearold robert card still on the run this morning, joining me right now former fbi assistant director being from fbi agent attorney Chris Swecker give us your reaction a morning, what we have a lethal combination of advanced military experience and training along with a mental illness, also someone has what i all kaweapon mass destruction ar15, scope laser person that knows how to use it so this is to manhunt dozens agencies responding trying to get organized takes hours literally hours, multiple locations, and i think deliberate i think planned it this way, to increase the confusion so he could escape. Well, lets talk about that because i want to get your take what fbi focused in on in terms of zeroing in on where he is. At this point, do you think he is still in that region . Has he left
City this morning good morning for audience worldwide. This is bloomberg surveillance headed towards three weeks of gains in the s p 500 before we get to the weekend already looking forward to next week. Look at the lineup absolutely stacked, full of Economic Data. Wednesday cpi retail sales thursday jobless claims you got some retail earnings in the mix we will hear from home depot and walmart by the end of next week we should have a decent read on the American Consumer . It feels like every piece of data is choose your own adventure. You decide what comes in and what you think about this economy. Its been contradictions, ism goes into contraction. Earnings overall is great and gdp now tracker for percent. Make sense of that. Jonathan you all remember last tuesday fed might have to talk about raising Interest Rates in the wednesday meeting and then all of a sudden the cooler payrolls read whipsawed narrative from one side to the other. More fed speak later. Fed speak just repeat the s
Benchmarks here in asia. The nikkei to 25 expanding its loss to one point first 1. 7 losses. A sei being dragged bound down by tech in particular. Hsi down by more than 1 . Csi also under pressure. Evergrande. You will be talking more about that. Take a look at the fx space. We have the dollar consolidating somewhat but its a strong dollar story. Currently, pretty flat. Weighing on the taiwan dollar. Get down by 3 10 of 1 . The offshore yuan currently trading up by 1 10 of 1 . We talk about the yuan, you have to talk about the strongest fix on record in excess of 1400 pips stronger than anticipated. Clear messaging from the pboc, not letting up on support for the currency. Brent crude. Wti crude inching ever closer to 100 per barrel. Putting in place at inflation story yet again. You have to wonder how the federal react. Yields trending higher in the bond market. Similar to what we saw overnight. Lots of big swings for treasuries. 10year gilts in excess of 50 basis points before finall