Host Reed Hastings and erin meyer are the coauthors of this new book no rules rules, netflix and the culture of reinvention. Mr. Hastings is also the ceo of netflix and mr. Hastings what is netflix and what do you do . Guest netflix is the worlds leading Entertainment Service and we reproduce and distribute amazing Television Series and movies and around about 20 years and have been 200 million families around the world who are our renters. Host is there a connection to the 1998 company where you had 900 movie titles and 30 employees . Guest a little connection to that. We started 22 years ago delivering dvds in the United States and competing with blockbuster and that was a full decade ago really that we were competing with video stores just in the u. S. When thats 2007 when we started streaming. Roughly the same time youtube did. Host erin meyer, how did you get involved in this book project . I study cultural differences in the workplace and im a School Professor and i came across t
Employees . There is a connection to that. 22 years ago we competed with locke buster. That was a decade that we were competing with video stores just in the u. S. And thats 2007 when we started streaming. Host erin meyer how did you get involved in this book project . I study cultural differences in the workplace and i first came across the netflix culture and many people have the netflix culture and we put it on the internet at the beginning and it was quite shocking when i read it. Adequate performance and that really shocked me because in my department at my Business School we were at that time focusing on Psychological Safety in the workplace as a way to promote innovation. Focusing on getting rid of people who didnt perform adequately. The fact that they had no travel policy in things that got me thinking about how a culture like that could work in our organization. Ive done a lot of research and thats what i thought it would be interesting. Host your book the culture map is the
House democrats accuse apple, google, facebook and amazon of abusing their market power and that Congress Needs to rein them in. Eli lilly asking the fda to authorize emergency use for its experimental covid19 antibody cocktail those shares are rallying ahead of the open. Jim, markets trying to do a bit of a reset now as goldman weighs in this morning and says airline stimulus likely, further ppp probably not likely. What are we . Well, i mean, i think that the market went down after what the president said the president was talking about market hitting new highs and the only person that was sending them down was him. I think he does react. I think it is probably, youre not going to get that, say, listen, the dow was down, there is really in other reason. He completely dismissed Speaker Pelosi i dont know what he did with what secretary mnuchin was speaking about, whether there were phone call going on and they were irrelevant obviously he addressed the fact that the senate was interes
Markets sort of whipsawed by the tweets last night from the president trying to figure out exactly where we are how are investors supposed to take this today . Well, you know, i truly do believe, scott, even after the president s tweet yesterday that sent the markets down almost 500 points in a very short period of time, the last hour and 15 minutes of the day, i still belief theres the possibility we have out there, and i brought this up last time i was on with you guys, the idea i thought we would get one done by the weekend or through the weekend obviously with some of the tweets and so forth, but then the president immediately seemed to have flipped back around and be a part of this whole thing. I do think we will see a stimulus at some point in the not too distant future because of that, i think it gives you a great opportunity on that dip yesterday, and obviously youre seeing a pretty nice rise today. We know what the temperature is of the markets and what people want to hear and
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