On further coronavirus stimulus until after the election the dow, which had been up, turned around and actually closed down by about 375 points. It was down by 1. 3 , s p down by 1. 4 and the nasdaq off by 1. 5 . However, this morning the stock futures are sharply higher this started last night around 10 00 p. M. When President Trump posted a flurry of tweets, one of them calling for airline and Small Business payroll support immediately. And another calling for a standalone bill on stimulus checks he was saying that he would sign these bills immediately. And as a result, take a look at the futures, dow futures indicated up with fair value by close to 200 points. Ylan mui has been following all of this and has more good morning. And just hours after the president walked away from the bargaining table, he appeared to take three steps back calling on democrats to pass targeted relief first it was that 25 billion for the and i remember industries Payroll Support Program and 135 billion fo
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
Joins us to share how price conscious shoppers are navigating the store. Katie welcome to bloomberg markets. You take a look at these market and it is definitely a monday morning. The s p 500 up by about half of 1 building on last weeks losses. The same thing if you look at the nasdaq 100 and the big stocks. All the while you are seeing a little bit of a bump to volatility. The picture now higher by about one point or so, looking at a 16 handle. But lets get back to reddit because reddit and its investors looking to raise as much as 748 million, one of the biggest ipos so far this year. Ed ludlow joins us from San Francisco with the latest. 31 34 per share, where would that put us . The upper end of the range, it is a valuation of five point 4 billion. But if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to 6. 4 billion. Either way, it is a significant ipo in the Technology Sector for this year and it has been a
We will bring you the latest on the showdown in the house of mouse. Im Katie Greifeld in new york, welcome to bloomberg markets. There is a lot of red on the screen behind me. You can see the s p 500 off by 1 . It does not help tesla absolutely dropping like a stone this morning which we will get to. Even worse if you look at the nasdaq 100. Your big tech benchmark off by 1. 4 . All the while you have a selloff in the bond market as well. You can see the 10 year treasury up eight basis points. We are just about at 440, the highest level of 2024. We have some breaking Employment Data in the form of jolt. Mike mckee is here to break it down. Michael if you want support for the idea the fed will be on hold longer. This is february data. The number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in january. The initial report wa
This hour. These are modest declines. Dow down 71 points. S p futures off 11. Nasdaq down by 44. At this point, the dow is on track for its fourth negative week in the last five and that is because of the treasury yields. They have been pushing higher and higher. The tenyear yield is 4. 95 . In fact, it did cross that 5 line that we were watching. Hovering at 5 . Yesterday, just after 5 00 p. M. , the tenyear yield hit the 5 level briefly. The last time we hit that level was july of 2007. Yesterdays move cameafter fed chairman pojay powell spoke and kept the door open to more rate hikes. We have models for everything and formulas for everything. We have to be focused on what the economy is telling us. Even taking lags into account. What is it telling us . Does it feel like policy is too tight right now . I would have to say no sdp. We will talk about rates and more with Raphael Bostic. Until recently, bostic has said were done. Jay powell said yesterday at the Economic Club of new york