With new trade data, exports rose in july and imports up 11 . The nikkei was down by 0. 3 but you did see gains in the hang seng and shanghai composite. In europe, early trading, youre going to see right now, things are pretty flat. Harder to think of things being flatter than this. The dax, cac, and the ftse, slightly gaining crude oil prices down by 19 cents. This morning, rebounding, wti up by 50 centers. Developing overnight, mr. Wonderful called it early yesterday, google firing the engineer yesterday the engineers tenpage manifesto has asserted that women have biological differences that prevent them from being as successful as women in tech. Google did not confirm the firing Software Engineer james demore said he had been dismissed for, quote, perpetuating gender stereotypes. And yesterday, the google kraef su Ceo Sundar Pichai said that the tech crossed and uber telling the employees that Travis Kalanick is not returning theyre intending on hiring a world class leader to lead t
Of, if if not the most Successful Hedge Fund managers ever. David tipper, the founder of appear loose appaloosa management. Its great to speak with you today. How are you doing . Doing well. Thank you. Congratulation on your fifth year anniversary. Market feels like its at an inflexion point. Weve been talking about that, you know, almost every day for the past week or so. Election on the horizon. Uncertain outcome there. Not exactly sure what the fed is going to do. Do you think its a better time to be a buyer of stock or a seller . So you are asking me just on the stock market . Well, well start there. Its still some of the same issues ive talked about in the past as far as margins and absolute levels of the market. You know, levels being fairly fully valued market. The dollar seems to be getting stronger again. Its an environment that, you know its probably okay not great returns, but okay, and then you have to deal with the election. You know, what the outcome in the election depen
Get into my car and, brian, i need a few more days until we get ready for this days power lunch. We dont have the luxury. Welcome, everybody. Power lunch sails on at 1 00 p. M. Eastern every day. Im tyler mathisen. Stocks lower now, but holding steady, off about 42 points on the dow. Four, almost five for the nasdaq. And 3. 75 for the s p 500. Energy, the worst performing sector. Telecom and utilities at the top of the charts right now. Earnings the big focus this week. It is a big week of them for investors, ton of big names set to report. And two at sort of either end of the technology spectrum. Netflix, video, obvious, new media, and ibm, old tech. Theyre out after the bell today. Check out those stocks ahead of the numbers. Netflix down about 1. 5 . Ibm, basically flat. Seema . Hello, tyler. Im seema mody. Here is what else is happening at this hour. Americans hitting the road, the Transportation Department says motorists logged 285 million miles on u. S. Roads in august. Thats the
Julia. Reporter well, netflix shares skyrocketing as much as 20 higher in after hours trading as its results blew apast expectations. Netflix beating projections on revenue, earnings and subscriber numbers with guidance for the Fourth Quarter also better than expected. On the call, investors will be looking to understand what drove these results and whether this kind of growth is sustainable. Some hot topics to watch in the video q and a just about to kick off now. The companys growing investment in original content production, which Reed Hastings said is less expensive than licensing a series or film. International growth in profitability is always in an area of interest. And we can look for some insight into the companys new china strategy. Hastings Just Announced they plan to license content to existing Online Service providers, rather than operating their own service in china. Theres always interest in Reed Hastings perspective on competition on the heels of Goldman Sachs recommend
Inflexion point. Given everything thats in front of us, whether its the election, possible fed hike, and the uncertainty around that, how do the markets look to you today . I think you have to look at what market youre talking about. Lets stick to the u. S. Market. Lets say u. S. Stock market. S p 500. Probably 2140 somethingish at the moment. I think you have a lot of hawks on the fomc. I think a lot of them are stepping off. Its either december or not happening. I think theyre going to raise. I think its okay raise. Ive said this before. People often get so nervous about something happening. Everybody adjusts anyways. The great thing about the u. S. Move is we have inflation. Thats good compared to what the rest of the world is facing. Deflation environment. Expectations for the suts 2. 2 . Thats good. Highest of all these big countries. Growth 2. 2 expected next year. Not cheap. Not super expensive. I think the key is find opportunities, find alpha, find individual stocks, find indi