Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Retail certificate going to zero not every biotech will keep growing every day. Thats the way it feels on a gay when oil imploded. The stock market got slammed because of it. Dow losing 592 points. S p sinking 1. 79 , why, of course its got a lot of tech and biotech. I dont blame a soul for being confused here. Buy, buy, buy a. Sell, sell, sell. The situation is, confusing were in Uncharted Waters now. It doesnt lend itself to easy explanation. We have to take them one at a time because some of these are so extreme they almost feel like science fiction. Like the price of oil falling to negative 37 and change today. Yeah, thats right you heard me, negative 37, minus sign lets start with oil as that meltdown was terrifying to watch. At dawn crude was a buck and a half, little below 20, seemed okay by the time the stock market opened it was down to 11, negative whoever owned the oil last had to pay someone else to take it off their hands. Next thing you know it was negative 10, negative 2
Like with like. As for the streaming numbers, Fourth Quarter streaming paid change plus 8. 76 million 8. 6 7 million subscribers. We estimated 7. 6 5 million. Disney plus and apple plus launched their services and people worried and fretted over whether netflix would lose subscribers, that does not appear to be the case. Netflix has plenty of momentum. Was eightbscriber ad point seven 6 million when you include domestic and international versus the consensus estimate of 7. 6 5 million. Joe so far we see markets liking the response. Obviously, up 3. 5 . That change to streaming additions obviously, the key number that people want to see. Scarlet as for the First Quarter, this quarter right now, netflix is giving a forecast of seeing an increase of 7 million. Analysts were looking for an increase of 7. 8 2 million. A little lighter than what had been anticipated. Analysts had made a point of noting the guidance for the First Quarter faces tough comparisons. Netflix added 9. 6 million use
A go was inspired by his suspicions that mr khan was poaching Credit Suisse talent and clients on behalf of his new bosses at rival u. B. S. Reuters is citing a lawyer for arm investee go and a swiss financial blog for a report that the Credit Suisse contractor who directly hired the private spies died by suicide last tuesday Credit Suisse as head of Global Security also resigned in the wake of the scandal while the banks board officially found that former c o 2 was not informed about the spying john tanner the chairman of the Audit Committee impaneled by Credit Suisse characterized their findings. The dismissed youve already. Decided to initiate your position. There is no evidence to suggest that you just just a decision with the chief executive officer any member of the executive board of the chairman. Is Jim Mcgreevey to. And the hits keep coming for the venezuelan state as they lose yet another round in court in their waning struggle to keep their u. S. Refining and sales out lets
A former employee the c. E. O. Pierre all of a bootleg released doos of his intentions on tuesday the executive was forced to move on after he admitted that he ordered surveillance of credits with his former head of Wealth Management eve ball come on mr billys use of the companys invest to go was inspired by his suspicions that mr khan was poaching credits with talent and clients on behalf of his new bosses at rival u. B. S. Reuters is citing a lawyer for him invest ego and us with financial blog for report that the Credit Suisse contractor who directly hired the private spies died by suicide last tuesday Credit Suisse is head of Global Security also resigned in the wake of the scandal while the banks board officially found that former c. E. O. To jane thumb was not informed about the spying john tanner the chairman of the Audit Committee impaneled by Credit Suisse characterized their finding. That a swiss cheese. By this initiate. This is a shame. There is no evidence to suggest that