Conservative voices, mornings with maria begins right now. Maria big show this morning, joining the conversation Dierdre Bolton and Kevin Phillips and jack otter. Rockbottom low Interest Rates and the trading environment when the numbers come out, futures right now pointed to higher opening ahead of the numbers and likely going to be the issue that basically sets the tone for markets as we await those thirdquarter results, jack otter, what are you expecting . Nice that we are expecting jpmorgan, jamie dimon is doing a great job, if they cant pull it off, thatll be a problem, with low Interest Rates, that will give banks breathing going forward, theres no real sight. Maria a writedown potentially for wework, unicorns that blue up. They are on the hook for uber as well. Aside from the wework story, aside from softbank which would take the biggest cut biggest hit, rather. Refinance and loan them money for lord Taylor Building which was supposed to be the wework headquarters which was an a
Care names among those moving higher, mckesson, amer source better again, centene, seen some of them on a tear following news theyre in talks for possible 50 billion or thereabouts settlement related to Opioid Lawsuits Health care versus technology and whats happening with other names, it is an interesting proving point as markets are near record high levels whether theres more momentum. In the past week or so, more trade headlines, not just between the u. S. And china, and brexit this morning, moves more sensitive sectors in the economy. Semiconductors, home builder Stocks Health care you want to keep an eye on, carl back to you at the New York Stock Exchange to everybody, good morning it is 8 00 a. M. At netflix headquarters in california, 11 00 a. M. On wall street. Squawk alley is live. I am Carl Quintanilla with Morgan Brennan and jon fortt at the post nine. We start with netflix, another miss on subs well off session highs mark mahaney joins us to talk about that with Julia Boors
Good thursday morning, welcome to squawk on the street. Im carl canton . Eua. News is solid and question is can johnson sell that to parliament as early as this weekend. Sterling has had a big mix Housing Starts disappoint. Our road map begins with netflix soaring despite the miss, the streaming giant warning that increasing competitive head winds could weigh on growth. It shows Morgan Stanley to be rallying, this on what looks like a strong quarterly result the banks cfo will join us this morning. As we said, futures rallying on new brexit hopes, uks parliament, approval, though, remains uncertain. Lets start with netflix subgrowth did mix. Rebounded to almost 6. 8 million thanks to International Strength on the earnings call, Reed Hastings did talk about the competition with disney and apple, set to launch their own services next month. Fundamentally there is not a big change here. It is interesting we see both apple and disney launching basically in the same week after 12 years of n
After a rough day where the dow tumbled 314 points, s p plunged 1. 56 , and the nasdaq plummeted 1. 67 , i think the problems simple a list of stocks that are working seems to grow smaller by the day. Isnt that what it feels like . We have fewer stocks that are safe to own and more that are down right toxic as we saw near the end of the day when the bears crushed the bulls toward antichina fueled trading. Today felt like a vicious pro Football Game where the quarterback was under pressure all day and succumbed in the Fourth Quarter in football, a quarterback tries to do a check down, looking to receivers for the best opportunities down field sometimes the Wide Receivers are wide open. Sometimes the qb has to thread the needle to hit a receiver, a slant pattern. Other times, times like today, the bears are swarming, and its like a jailbreak as they head toward the quarterback if he doesnt get rid of the ball in time, hes likely to be sacked, perhaps for a big loss or a fumble or even an
Deal with china allowing the American Companies to stop building new factories there and averages to explode higher its working his tariffs forced our businesses to change their supply chains. They had to cut china out of the we need to know the deets before picture as fast as possible. We can finally start worrying last but not least, he has the and we cant really do this job until we start worrying. Possibility of capital at the moment we still dont constraints making it harder for Chinese Companies to raise money know much. Here in the u. S. Do you know what, its been a Relentless Assault and could be a suspension of maybe china would have been able to handle the trade war on its next weeks planned tariff own but they also had to deal with the seemingly endless increases. I dont know some mumbo jumbo about not protests in hong kong. The hong kong situation makes calling the currency the communist party look weak, manipulator. It was really shaky. Look bad, lose face but no way to ha