Like with like. As for the streaming numbers, Fourth Quarter streaming paid change plus 8. 76 million 8. 6 7 million subscribers. We estimated 7. 6 5 million. Disney plus and apple plus launched their services and people worried and fretted over whether netflix would lose subscribers, that does not appear to be the case. Netflix has plenty of momentum. Was eightbscriber ad point seven 6 million when you include domestic and international versus the consensus estimate of 7. 6 5 million. Joe so far we see markets liking the response. Obviously, up 3. 5 . That change to streaming additions obviously, the key number that people want to see. Scarlet as for the First Quarter, this quarter right now, netflix is giving a forecast of seeing an increase of 7 million. Analysts were looking for an increase of 7. 8 2 million. A little lighter than what had been anticipated. Analysts had made a point of noting the guidance for the First Quarter faces tough comparisons. Netflix added 9. 6 million use
Uber and lyft went on public with much fanfare. What does 2020 have been store . The s p 500 returning 46 so far this year. The last time we saw these gains was 2009 with the index returned 60 . The breakdown for what is driving this is michael regan. What is fueling this massive rally . Mike mostly chipmakers. Lam research. There has been talk about this rotation out of growth into value. Sells whatcell happened. It wasnt a great year for growth for most chip stocks. It is about the next big thing. What are the next big things . 5g, a lot of chips needed for that. Is in early stages. Machine learning, ai, there is a lot of optimism tilted around these innovations. The Cloud Computing arena has still not completely matured. The next big thing used to be social media, google, facebook, and those have matured to some degree. People are looking forward to that next big bump up in Tech Innovation we will see in 5g and iot and on and on and on. Taylor i want to look at this chart im showing
What has been fascinating is that up until now, the data basically coming out today has driven us towards the idea that we are starting to see a manufacturing stabilization. That was certainly they field that came out of the china data earlier on. Extent, ina certain the European Data as well. But now the bloomberg dollar index is beginning to move lower. We have until this point in time seemed bond markets in particular moving yields higher. Maybe we see that unfolding a little bit today. We still got generally a bond story that is quite negative. Yields are higher on the day. A little bit of movement in that u. S. Tenyear. Vonnie exactly. We will dive into the finer details of the report with tom porcelli of rbc in a few moments. It will be interesting to see what the other indicators suggest, for example, and the china data. We saw that employment improved, so that is one good side for the chinese economy, even as other indicators in that manufacturing data declined. Also, germany w
The reason we had this neutral trend, this sideways act and forth, for what turned them. Ullish was a higher load the buyers have more conviction on each dip. We now have the rsi coiling up out of the coil. Moreuggesting we could see strength ahead for the s p 500. One place there wasnt strength was defensive yield proxy stocks. Interestingly, a 260 million etf that focuses on defensive stocks actually rose today. It is outperforming the s p 500 by about 1 this year. It equals about 100 s p 100 cks that have strong prop strong profiles, but the holdings are not what you would think of when you think of the textbook definition of defensive stocks. After that it is software, electronics, diversified financials, retail, bank stocks, they all have at least a 5 allocation in the etf. It shows you that defense really is in the eye of the beholder. Palladium surge to a record high as cleaning air rules clean air rules boosted demand for the metal. There is concern that the high price of palla
Significantly. That brings back the question of, how do you unwind that trade . Makeine he really did clear that they are trying to work with the fed when it comes to trade. Lets get a deeper dive into the action. Ill start with you, abigail. What are you watching . This may come as a surprise. One area that has outperformed is ems. The emerging market index, outperforming in a huge way the s p 500. The same thing for the russell 2000. It seems shocking that they are not selling off more. But the answer may lie in this chart, because e. M. Has been underperforming for some time. Index, the e. M. Equity the s p 500. The s p 500 stuck in the middle. E. M. For quite some time had been nicely higher on the year. There were liquidity issues with china. The s p 500 as well. E. M. Has been right around even for some time. Ahead for thelook broader equity markets, renita. Gold, whichlook at is extending earlier games, as investors worry about trade and the fed, they piled into the safe haven a