182. A miss. Still fishing around for the actual subscriber numbers. You can see the kneejerk reaction, down in after hours trading. Caroline that is what they were pricing and. Paid net change, up 10 million users. The estimate was for 8 million. We have here a coceo being named. This is an interesting move as we see perhaps a movement in terms of the leadership. Romaine that is a big deal. He would presumably be joining Reed Hastings at the helm. He is currently the chief content officer. There was a great story just the other day about all of the money they have been spending to acquire these big budget type of movies that normally would be going to theaters this summer. It will be interesting to see the reaction. The options implied move, updown move of about 12 up or down. We are starting to see some more numbers come in. Caroline i think it is the forwardlooking really putting down with pressure. Net change, 2. 5 million increase. Lets go out to abigail doolittle, who has some ba
Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Guy is introducing his wynndicator we start off with another record close by the nasdaq led by big tech, apple, microsoft, amazon, facebook all hitting record highs today. The five Biggest Companies in the s p 500 account for nearly a quarter of the indexs total market capitalization. How long can the leadership of these names last if you look at the nasdaq 100 has outperformed the s p by 28 year to date but by 13 since those march 18th low amazon and maybe facebook were somewhat defensive here for real reasons related to the core business but some of the others have been defensive because of the size of the business and these are companies that you know are going to be tomorrow. Thats really the story. It is important that pmis around the world over the last 24 hours were quite good. You actually had a major recovery across europe i think people are starting to see data points that matter. All that really matters is the fed reserve. Based on 2022, you can start to get a normalized pro
Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
Opened incredibly strong and then petered out and then at the end of the day, a lazarus afternoon. Was it too many people with one foot out of the door pretty much when you try to rebound from 1800 down yesterday, you get these anxious people who ran into a wall of sellers and were delighted to get out at a higher price. The sellers didnt care but didnt want a repeat of yesterday. Once the sellers were done, the buyers came back we are still in the grips of one of the craziest times i have ever seen. At least there is enthusiasm you have tons of new investors attracted by low dollar stocks and crazy hours. People can trade at 4 00 a. M clubs all over the place they blitz in and buy tons of shares with the hopes that someone else will take them out at a higher price. All of these people rely on other buyers to come in after they bought their stocks sometimes it works and sometimes it doesnt these buyers buy certain stocks each morning and bet it will go higher when it works, its great.