Retailers feeling zeen netflix drops in earnings after mitting their mark netflix shares plummeting reporting its biggest earnings since it went public it was 19 short of expectations netflix all important was anticipated. Looking ahead to next year, netflix is looking at tough comparisons. Sorry hopeful ho a note the ceos saying in their letter to shareholders that they remain healthy and engagement per member household was up solidly. That was key that means they shouldnt see any downturn with a growing number of other players, including disney, net flicks has its video call and it starts in about an hour. Julia has the latest. With that call getting under way in about an hour we are in the zone we have the stock reaction, shareholder letter is all we have to trade on one highlight to me, tim, was that they expected it. They talked about it before, that there was pull forward from the back half of the year. Why are we so taken aback here because it is a growth story and priced to per
I want to hear more of the music that was blaring in my ear. Heres where we are. Big out for big outperform are coming through, the s p 500 is up. The pound actually, as you can see now, positive, bouncing around all over the place, getting a negative hit earlier on around the idea that the u. K. Would walk walk away on the 15th. I dont think the market thinks either side will walk away. The eu said earlier on, and this was a report by bloomberg, the eu side is going to call the bluff on this. Britain saying were deftly going to walk away. The market is basically shrugging its shoulders. As you can see, a selloff in bonds is unsurprising, given whats going on at the moment. At the backend over the last few days, cathodes continue to steepen in the United States. Alix we did hear that music and you did an amazing job talking to that techno music. Thank you for that. In the u. S. , part of that is going to be about where we are and stimulus talks. Markets weighing down on the trump tweet
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
It is hip to be square used to be at least. Lets check out u. S. Equity futures. Things are relatively flat and that isa good thing. A bit of a difference after the big swings weve seen. Right now dow futures up about 3, s p 500 up about 2, nasdaq up by 13. Of course this is after a done day for the m down day for the markets yesterday. Treasury yields are something to start paying attention to because we did see a pickup in treasury yields to the highest levels weve seen since june the ten year is yielding 0. 813 . And i know it doesnt seem like a lot, but it is the highest level weve seen in a while and there is so much that rides on that including mortgage pricing which has been a key part of what has been happening in the housing sector, a strong point in the economy so far. Lets get over to washington. Well talk about id call it a soap opera, but really it is a reality show and means a lot to so many millions before nancy pelosi says she is now optimistic that democrats may be abl
30th anniversary of germanys retreat. To 30 w. The people of the world for g. W. On facebook and twitter up to date and in touch. In. Taiwan tells china to back off a major growing military tension in the Taiwan Strait whats this conflict mean for the time when his economy and the Global Supply of computer chips its all to authors on that in taipei to find out more. Also coming up delivery euro wants to make it big in south korea but sols restaurants are not exactly waiting for the. And delivers that. Element to get jones and this is the business good to have you with us tensions between china and taiwan are heating up china claims sovereignty of the small island and the stepped up military activities in the air and waters around it taiwan is determined to resist the pressure and demands china back off the saber rattling also has economic implications taiwan is a major source of computer chips for the global economy. The world would grind to a halt without taiwans computer chips theyre