The premarket poised to open the at a new high as subscriber growth tops in less expectation. We will have the latest from ecb president , mario draghi as they approve austerity plans. These litigation charges at goldman. Weighing on the bottom line. First, netflix. Strong results for the Second Quarter. The company adding 3. 3 million subs. Stocks up over 11 . This is Reed Hastings last night on the companys earnings web cast. The stock was half this price. I described it as euphoric. Its a mystery to me. What we know cuss on is how to get incredible content, stream it beautifully and market it in every country. Im out of the Stock Commentary business. Maybe he should be. Stock now closing in on an 8,100 gain from the may, 2002 ip 0. It is ridiculous this is only up 11. This was the most dazzling call. When you have a chief content officer on you know you are about to get blown away. Raising numbers, narco. They are like crouching tiger, number two. They are not even in china and japa
Our road map begins with with jack lew speaking out about trouble in china. Shares in Morgan Stanley sinking on its earnings. Is there more pain to come. And first up, the major indices coming off three straight week of gains. S p up almost 6 since the beginning of the honesmonth. Chinas slowest growth since 2009. Still above consensus. And then jack lew addressed chinese currency valuations earlier this morning on squawk box. I think you have to make sure that china understands that its very important that they keep their commitment to let the rnb go up as well as down and the snapshot today is not the test. Lew also talked about the debt limit, warned us about some accidents coming on that perhaps. And then on the china data, we also got Industrial Production six month low, retail sales maybe a little bit better than expected. I continue to think that domestically china is a little bit better. There was a lot of good commentary on the honeywell call on friday. An otherwise just not a
George it did it is too early to tell the sea of we can pick up another delay for you and that is on interstate 280 in san jose northbound at 880 didnt or an accident here that could slow the ride and turned out commute into hot spots as well george that is why traffic at a standstill and the westbound direction over to the Weather Center here is james. James the camera theyre showing us the low clouds and as expected we do have the blaze at the airport about an hour for arriving flights. James will focus in on 8 00 a. M. To lot of people drive the kids of the school what it is starting at that point where looking for a performance to low 50s it will be a cloud start at that point with conditions quickly improving as we did toward noon you for most sunny conditions there with temperatures in the upper 60s that is a great looking much hour for you. Oakland ymca. Staff there were looking for sunny and warm conditions. James we have 50 in San Francisco 52 oakland and 52 in san jose. Still
Before the u. S. Economy goes over the fiscal cliff, lawmakers are pointing fingers and playing the blame game. Mario monti is saying hes available to lead italy. Hell run for office in the upcoming election, but only for a party willing to push his agenda. But he has competition in the form of Sylvia Berlusconi. He tells cnbc he feels a responsibility to run. Feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. And the crowds are out, the stores are ringing up those sales, but u. S. Shoppers may be running low on holiday spirit. And analysts say that theyre spending less, as well. Hi, everybody. Welcome. Merry christmas out there. Thank you for joining us here on the show. What were looking at today, weve got slightly quiet markets ahead of the u. S. Open. What were seeing, though, that all the markets are being called lower across the board stateside. The dow is being called a bit lower, nasdaq is being called a
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