Switzerland or they do it every year about now. There is always one nagging question why does anyone actually go . We come to learn. What is going on a particular country or industry. Its important. Uniquely for banking, it is a chance for the ceos across the road to sit in a room with policymakers and others and have a dialogue. Obviously there is a chance for to see a lot of people like clients. We try to build businesses and you have to do that in a macro environment. You come here and you can learn about what is going on in the world. You can meet all sorts of bankers and ceos who can be sources of deals. When i came here 12 years ago, you had to go through dark hallways to find anyone to talk about china. But you got to build relationships so if you stay focused, davos can open doors for you. It is not just executives and politicians. Hawn is talking about the benefits of meditation and actor matt damon. Still 780 Million People that dont have access to water. Are corporations doi
Almost 2 of the lows of the session. Look how quickly rebounced back. That 1. 2 decline put us right at the correction move. We were down about 10 from its recent house, maybe a bounce off that level is what we have . Havent had a correction in the nasdaq since 12 to. Yahoo is going to report earnings. The question is how much will that affect trading activity as well . That and a couple other companies will be reporting tonight as well. Speaking of fast moving changes, if you were watching this show yesterday, you know anything can happen in a final hour of trading, and heres what we were talking about. 3 00 yesterday, the dow fading fast. Only to do a stunning turnaround in what some down here, yes, were calling the shaq rally. There he is. When bill and i started interviewing the former nba great here at the exchange, maybe coincidence. I think not. The real point of all of this, we need to get shaq back on the floor right now. I think the traders would agree with that. That was an
Chinas. The roadmap begins with netflix shares up 17 premarket and applesed to poised to open at new highs and subgrowth jumped. And mcdonalds beating expectations but revenue in december same store sales missing in what the Company Calls a challenging year. And ebay completing an earnings trifecta beating by a penny as carl icahn announces a stake in the Company Calls for a paypal spinoff. First up, netflix is poised to open at alltime highs. The company adding more than 2. 3 million new u. S. Subscribers to its streaming service in the Fourth Quarter. Netflix says its projecting an additional 2. 2 million domestic streaming subs. And handily beating estimates, 79 cents a share. Talked about new pricing tests that theyre doing when they did the google hangout of a call, you said look for 33 million, jim. They gave it to us. This is a remarkable Conference Call. A confluence of things occurring, first things can understand how can a stock go up that much. There were many people coming
Stocks. Crude awakenings. Oil is being shipped through the controversial Keystone Pipeline. Its not just refiners who can benefit but consumers as well. All that and more tonight on nightly Business Report for wednesday, january 22nd. Good evening, everyone. Netflix dazzled investors today with spectacular earnings after the market closed the Company Reported Fourth Quarter earnings 245 far exceeded forecasts, gaining many more subscribers than predicted. In the final three months of the year, netflix earned 79 cents a share. That was 13 cents more than estimates. Revenue also topped expectations. And then on totop of that the cy gave a very strong outlook. During tradings days it roh moohyun rose as much as 1. 5 . More on the results and what the companys predicting for the Current Quarter. Reporter netflix didnt just beat expectations on the top and bottom lines. The key number in focus, streaming subscribers, came in higher than projected as well with the addition of 2. 33 million u
Getting one or visiting a chiropractor. Market watchers have not seen ups and downs like todays in quite a while. Stocks were up and down on ukraine worries then went up on the close on lighter than normal volume because of passover, the dow finished points higher, it was the second straightup day, nasdaq up 11 points but had closed in on correction territory earlier in the day only to bounce back. Closing higher now four of the past six trading days. The s p 500 was up 12. So what accounted for todays wild ride. More from the new york stock exchange. Reporter stocks rallied at the open but quickly sold off at a pattern that is by now very familiar. Selloff internet and biotech stocks then late in the day the market reversed, a sign that traders are not sure where to price stocks. After rallying at the open it dropped 6 in a few hours then rallied all the way back, that is a little strange. And this whippiness is extending into the broader market, the dow went flat from up 200, then dr