Dow climb 2g 28 points s p advancing 2. 2 its time to revisit fang, my acronym for facebook, amazon, apple, netflix, alphabet, aka google ill throw in the other big tech theme under fire, microsoft. Lets start with apple in the Tour De Force of the new iphone and the watch to me it looks incredible. Battery lifes longer. One hour to four hours depending on your new model. Cheaper prices you also get apple plus, their new streaming service for free with purchase. 4. 99 per month value. Ive looked at some of what theyre developing for the video platform even though i think it is universally poopooed, over time i think youll see its essential watching its half the price of netflix i like the entertainment the new watches 0e78 only cost 199 i think thats the price point to get worldwide adoption for this thing which will only layer on still more Service Revenue. I have fantasy football on this thing. Every time one of my guys scores,explosive when a version of the ipod hit that level, 199,
Into big tech. Lets get the detais with ylan moye. We have confirmed that the department of justice is announcing a broad antitrust review of big tech likely to include amazon, facebook, google and apple. In a statement, it was set that without the discipline of meaningful marketplace competition, digital platforms may act in ways not responsive to consumer demands. He went to say that the departments antitrust probe will explore these important issues the focus of the new inquiry will be whether companies reduced competition, siefld innovati stifled innovation or harmed consumers. The companies were forced to testify on capitol hill to defend themselves against allegations that they are monopolies just this afternoon the congressman leading the effort, david cicilline, criticized the answers as evasive, incomplete or misleading. Now the Justice Department is launching its own review it is not officially an investigation of any Single Company but it could lead to that back to you. Ylan
Here to tell you what the key is Going Forward for their streaming success. But we begin with planes, trains and automobiles, the transport surging back today trucker j. B. Hunt crushing earnings the airlines soaring that group up, 5 in just the past week so is the classic dow theory, the idea the transports are going to lead the market back in vogue . Its been around 100 or so years. Pete najarian, is that move a huge move for airlines, railroads, truckers, mean that it is all all clear for the overall market i dont think it is that easy i dont think the markets are ever that easy Everybody Loves to say that. Is that theory dead i would say this, it is a great sign the airlines, we watched them produce and produce and produce and people still dont want to seem to own a lot of the various airlines when i looked at delta numbers last week and it almost went by and nobody talked about it and yet they crushed it. They had a record Second Quarter. So we know right now that they do have Pri
Upsidedown shares tumbling on that big subs miss plus, tech in focus ibm and ebay beat estimates. S. A. P. Misses. Microsoft, crowd strike, chewy after the bill and the growing default risk for stocks lawmakers scrambling for a debt ceiling deal why the treasury secretary says dont be concerned obviously netflix is the lead today, tumbling in the premarket. Saw lower than expected international subadditions that news overshadowing a beat on Quarterly Earnings and revenue. Ceo Reed Hastings talked about the miss during last nights earning call this is one where we forecasted high. There was no one thing, and if i think about three years ago, we were also light. You know, we never really were confident of the explanation then we were 2 billion in quarterly revenue. New were on 5 billion so its easy to overinterpret the quarter membership ads the debate this morning is largely about is this about weak content or is this just price churn and elasticity questions yesterday there was a ceo w
No matter how much you might be tempted otherwise, netflix today after that disappointing quarter. Just became the hard money on a day where the averages seesawed in response to earnings, s p gaining 3. 6 , you need to understand how a stock can go from easy house of pain to hard the house of pain and pin action from that particular move. Can rightly or wrongly impact a host of other names as Portfolio Managers try to wrestle with the consistent company that is suddenly become erratic. And that, ladies and gentlemen, is netflix look, we all know the story. Most of us love easy netflix they like lots of older programming to bring you in and add in brilliance to keep you hooked they can make some truly great stuff like Stranger Things the latest season has president been out for a month and already its been watched by 40 million households however netflix had truly heinous numbers. This they didnt grow subscribers in the u. S. , they lost thats the first time they lost since 2011 earning