And the biotechs sbas he things could have a potential upside. And jeff bezos. Producing an agreement. The real story could be a power struggle in saudi arabia that appear taos be emerging. Well take you live doha for more on that story, but lets begin with netflix. Two big stories out. Our Julia Boorstin is standing by. Josh is all over ibm. Give us a little preview here to kick things off. When netflix reports all eyes will be on ids streaming video subscribers and whether they need or sur paez the nearly 18 million that would reach this quarter and we could expect particular focus on how many they project for the Second Quarter. Also the impact of some price hooiks rolling out next month in the u. S. The companys forecast to grow revenue 25 , 1. 97 billion while earnings per share are expected to fall. This is the companys Global Expansion as well as more original and exclusive conflict. Well also be listening to see what is said about amazons new offering. Prime video service, stan
Cheryl spike is a she. I cannot wait to meet her. That is a little bit later. Lets head back to the floor of the New York Stock Exchange. Nicole e cigarettes are very popular. Everyone will be waiting for that segment. Five straight weeks of gains for the dow. Today, pulling back some. Down one third of 1 . You do have energy that has been weighing on the dow. We have had five straight weeks of gains. Also, everyone waiting to see what the fed has to say. We did get some pending home sales in as well. The saks fifth avenue story, they own lord and taylor, it does include dead and gives them find real estate. Peridot is buying them for 8. 5 billion. Back to you. Adam thank you very much. 835 billion deal. Two of the biggest names joining forces. Dennis the largest ad Holding Company in the world. You have paris based publicist. Annual revenue of 23 billion, almost. Controlling ad revenue. They are merging as true equals, but are they to equal . We talked to the ceo, the Number One Firm
Thats certainly good news. When you talk about marching higher, thats exactly what the stock market has done over the past two years since two years ago today, on this floor, when the Dow Jones Industrials dropped some 635 points after the Ratings Agency said forget it, no more aaa rating for the United States because it truly felt that because we had raised the debt ceiling, but didnt make the spending cuts, that this country was going to the dogs, and guess what, look at what the stock market did back then. They fell dramatically, as i said, dow jones fill 635 points issue but it was the percentages here. Nasdaq fell dramatically, and, of course, you could say it is what happens today is not that big of a deal. Its just down 47 points, but the downgrade be damned as they say. Okay. Get got to get to the floor show, phil, and imex and cme. Ben, two years ago, we were here together, and at the time, people questioned what was happening with this. I look at that and say, look what the m