Freshmen congresswoman. Bernie sanders is about to outline his medicare for all proposal. He is doing so at George Washington university. If he has any suggestions at all how to pay for it. A heat wave expected to hit 2 3 of the country. What you need to know about that. If the citys power grid following massive black out here in new york city. Melissa fox Business Team coverage. Gerri willis on floor of new york stock exchange. Blake burman live at the white house. Deirdre bolton at the newsroom with netflix earnings. I see some numbers crosses here on dow jones. I think well get to those as soon as possible. Sorry . Lets go to Deirdre Bolton right now with those numbers. Deirdre. Taking a look at netflix. 60 cents a share. Thats a clear beat what analysts were expecting at 60 cents a share. If you look at revenue, want to be kind with netflix, say exactly in line. If you want to be critical, a slight miss. Wall street looking for 4. 93 billion. 4. 92what netflix posted. To put it in
That was a reference to ilhan omar and the president s earlier tweet to that effect, send her back. He did not respond to that chant last night. Heres my bottom line. That was a powerful and well targeted opening barrage in the 2020 campaign. Youll hear more of it in just a moment. As for your money, look at netflix, way down this morning after it reported a decline in subscribers in the United States. The stocks up 10 . Huge drop. Ibm reported late yesterday. Not doing well in the allimportant Cloud Business. The stock premarket, no change. But ebay, that is doing well, rising sales always helps and ebay is up 5 . As for the overall market, its digesting these earnings reports and the continuing standoff with china on trade. No movement there. The dow is going to be down 50, s p a small loss, the nasdaq down about seven. Okay. Stay there, please. You are going to want to hear the president. He was breathing fire last night. Varney company is about to begin. A vote for any democrat in
Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use competitively Sensitive Information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the European Commission and continue working hard to support businesses of all size and help them grow. This is the last thing some of these companies i would point out that they just brought an agreement with
David and what did he think . Alix board. He talked about all of the bored. He talked about all of the hasht ags. Boring. That much what he said. If you are Corporate America listening to the democratic debate, you are saying oh my gosh, what am i in for . David it is a very different attitude from President Trump in 2016. They really want to take on big business. The Ford Motor Company has put some numbers around their restructuring in europe. They are going to lay off 12,000 people. We already knew they were laying off 5000 in germany. The is this is part of overall restructuring effort. Said they are pulling back in europe. Alix germany, ukraine, russia apparently the hardest hit. David they havent been making a lot of money in europe. Thats be frank, all of the european automakers have been having a tough time. Gm got out entirely. It makes sense, but it will be very difficult for a lot of people in europe. Alix take a look at what is happening in the market. Not a lot come of the
Conagra, just like General Mills yesterday, down 8. 6 for one of the worst performances today. Down today. That is being acquired. Coming up later this hour, i will speak to atlantic investment president and cio. We will have the value versus growth rotation discussion. Guy absolutely. Looking forward to that one. European stocks just in positive territory. They sold off midmorning and have been climbing back ever since. The pound has spent most of the day positive, but has since sold off. Boris johnson was saying it was a million to one shot that we get a hard brexit. We continue to see a bid on the bow and. We are not quite at record lows or record highs on prices, but we are awfully close. Vonnie i will tell you where we are awfully close, and that is in tokyo. G20 leaders meeting this weekend with investors watching for the outcomes of bilateral discussions on the sidelines of the event, in particular between President Trump and president xi , which takes place saturday morning. We