Donald trump calling for an investigation into chinas import taxes just moments ago on cnbc. Also, Bernie Sanders saying hes proud Goldman Sachs thinks hes dangerous for wall street. And what jack dorsey says about investors lack of confidence in squares stock right now and why hes not worried about the short sellers. But well start with the markets. We mentioned draghi expanding their qe program to 80 billion euros a month, consulting the refi rate, cutting the marginal lending rate, the deposit rate, adding, jim that risks to growth remain on the down side and trimming their gdp forecast. What can i say, hes got the Bank Stocks Going i mean, if they wanted to, they could issue equity. We all know that worked here. The liquidity hes throwing at this is amazing. This guy, sum total, dollar going higher. So, i know everyones very excited. I know our futures are up big. When will people realize that these are not necessarily positive for us . Now, i had a ceo on last night, europe was ve
A barrel. Up a gain three quarters of one percent. Our road map today starts with netflix. Shares down big this morning thanks to weak guidance. What Ceo Reed Hastings had to say about the companys earnings. Goldman sachs ceo blaming the challenging operator environment for less than stellar earnings. What you need to know from that report coming up. Also dig into earnings from dow components Johnson Johnson and United Health care. Lets begin with netflix. Shares are falling in the premarket despite Quarterly Results that beat the street. The company issuing weaker than expected subscriber guidance for the Current Quarter especially on the international front. Meantime ibm out with q 1 results. Jim, lets start with netflix. You said last night you expected downgrades to come, low and behold you have seven firms this morning at least cutting their price targets. Many reaffirming their positions as buys, but taking their price targets down. You had bob on last night. That was fantastic a
Thank you for joining us on squawk alley. John is at merge in miami, flori florida, and we will get to him later, but at post 9, kelly evans. Good morning. And joining us from out west is jason calakanas who is an invester and we have a lot going on in the market, and dow and s p 500 nasdaq posting the intraday highs today, and the dow is holding e steady above 18,000, and russell 2,000, and the dow transports are out of correction territory, but start with the netflix today, jason, because the shares have been hit hard when the company gave weaker than expected subscriber guidance for the coming quarters and 2 million additions rather than the 3 million that the investors were expecting, and also, there was a offering of prime video stand alone which was talked about on the Conference Call from reed hastings, and we have that. So take a listen. Hulu is doing great work, and amazon, and hbo and showtime, and so many competitors, and everybody is working hard to build the best content.
The stock market is up. America is great again lets get to Brian Sullivan in the Baaken Oil Fields in north dakota. The temperature is up. One of the reasons were inside is we were here last year, i got in the rental car, negative 21 degrees. It is supposed to be 70 degrees today and 90 degree swing. We took our chance, were still inside here at the bakken. Oil is up today. The stock market is up today. The spirits here are up a little bit. Lets be clear what happened here, guys, the price of oil coming down as much as it has, this town is really struggling with the price of oil, not just with rigs, restaurants, hotels, housing, with Everything Else. Let i want to show you video, a setup to why we are here in williston, north dakota. One of the greatest American Economic stories of the past decade has taken place not in the koesz cozy confines of sili valley, but the high plains of north dakota. Over ten years, no state has benefited more from oils boom and no city in the state has ben
Oil is on its way in about 90 minutes. As carl just said this morning we got news from alergan and pfizer walking away from a deal signed last year. One of the largest deals we receive in that center actually overall, in fact, and part of it done in part not just to try to fuel a growth but also to allow it to access cash overseas and bring it back to the u. S. And become a foreign taxpayer but on monday u. S. Issued regulations. This morning the u. S. Treasury at least was successful in doing just that, pfizer and allergan going their separate ways, allergan paying pfizer a 150 million fee over time theyve spent over the last few months in pursuing a deal together. Now theyre apart and going their separate ways. Were joined on set by Brent Saunders, the ceo of allergan. Thanks for being here. Thank you for having me. Its been a tumultuous couple of days. It has, yes. There was a call back in february. You were talking about the spread. You said, man, its baffling from my point of view