Extraordinarily important. Charles, before we get to the markets, were watch ago couple stocks with hawk eye. Netflix was a 619 and down 1 at 607. Netflix on debt and king of streamers reports First Quarter numbers after the bell, ahead of reveal you can see that the stocks are flagging a bit. Analysts want to know what netflix is spending in year on content. They shell out a lot of money. Last year they poured out 13 billion for big shows. Maybe netflix should be added to the mag 7 and the stock climbed 24 yeartodate. Here we go, look at ipo of the week and investors sending s hares of ibotta higher and walmartbacked Digital Markets and rewards platform and priced above the high end at 88 a share. Stock gapped up 33 at the open to 117 and right now moderating and up 20 to 105 and change. And this ipo like many others stitched together three profitable quarters and can founder and ceo brian leech head of the rewards program and he gives us big final hour interview coming up. The dow so
A decline of 10 yesterday because of disapointrtificial intelligen disappointing sales they have been changing their strategy are they on the right track if they get the inventory right . I dont know. Theyve been seeing Phenomenal Growth for the first three quarters of the year 25 for the Fourth Quarter because of televisions and electronics instead of the everyday items. It says here they had so many tvs and toys they ran out of toilet paper they had no toilet paper to sell, okay which is important for a basic store like walmart do the maslow hierarchy of needs, survival, food. Before the big screen tvs and surround sound, there is the toilet paper its not just the inventory issues, its focusing on customers, theyve been spending on marketing, trying to bring in urban, younger customers now focusing more on the basic customers and bringing them in to walmart. Com does amazon know how to do this better than walmart amazon has had some practice. We will look at the u. S. Equity futures.
The premarket poised to open the at a new high as subscriber growth tops in less expectation. We will have the latest from ecb president , mario draghi as they approve austerity plans. These litigation charges at goldman. Weighing on the bottom line. First, netflix. Strong results for the Second Quarter. The company adding 3. 3 million subs. Stocks up over 11 . This is Reed Hastings last night on the companys earnings web cast. The stock was half this price. I described it as euphoric. Its a mystery to me. What we know cuss on is how to get incredible content, stream it beautifully and market it in every country. Im out of the Stock Commentary business. Maybe he should be. Stock now closing in on an 8,100 gain from the may, 2002 ip 0. It is ridiculous this is only up 11. This was the most dazzling call. When you have a chief content officer on you know you are about to get blown away. Raising numbers, narco. They are like crouching tiger, number two. They are not even in china and japa
Welcome to squawk alley for thursday were at post 9 of the New York Stock Exchange were getting some Oil Inventories in a moment here Hurricane Irma makes its way to florida as a category five storm, slamming into several islands in the caribbean overnight. We have Team Coverage this morning. Wmaq meteorologist is back at hq phil lebeau is in chicago. Lets start with you we have a very strong category 5 hurricane that is going to churn over warm waters and low sheer, those help keep the hurricanes moving at the intensity that they have if you look behind me, you can see a very strong, very wide large hurricane first going to be moving towards turks and cake yoes as it moves forward tonight. Then eventually going to be making it to the southeastern part of the bahamas. And then the eye set on south florida. Still, were watching some questions and some points that we have for you as we move forward in the next few days the potential path as of right now could have this storm moving right
Las vegas police say theres been a shooting at a Music Festival that has killed two and left 24 injured. Over 100,000 passengers are left stranded over europe. Monarch has gone into administration and its boosted its competitors stocks. Top stories, spains ibex is here Companies Across all sectors as you can see are suffering with the banks amongst the hardest hit. Violence broke out in catalonia as they tried to stop people from casting their votes according to the catolan health department, people were injured with Security Forces they fired rubber bullets and used batons and demonstrations lasted long into the evening theyre calling for the resignation of the Prime Minister they say 90 of the over 2 million votes cast were in favor of leaving the catalon called these activities appalling. Translator on one side we have violence and shame and on the other violence and democracy. This is an election that we ask for from the European Institution tsz and from the governments of other co