Ont that we had crude down the day. A little bit of a disconnect, scarlet. Scarlet that is a good point. Energy stocks up 10 on the day. The next best performing group is financials. If you look at it on a five day basis for the week, energy and financials are among the laggards here. Forget what happened in the first quarter. Forget what they are saying about the Second Quarter. End, i wonder what that really tells us about. Again, i think that what we are dealing with here, and what i was trying to say when the bell rang, we are dealing with the cash flow issue. It comes down to how long the economy is in suspended emanation. If this is a short but deep recession, things will come back online towards the end of the year. Programsus stimulus will help keep consumers and businesses afloat so they can get back up and running relatively quickly. But the risk is that we deal with multiple waves of infections or a downturn that lasts longer than we are expecting. Romaine i want to bring ou
U. S. Equity futures at this hour have been a bit weak in the for the morning. You know what . Just the dow futures. That might have something to do with what becky is going to tell you about. The s p is actually up a point. The nasdaq is up about four. The nasdaq had some rough sledding lately. The dow is the index down today. Down about 21 points. Crude prices coming off a loss of about 5 . Wti posting the lowest close since november. Joe, i ae lewd eluded to it. Its sitting there at one price, then a totally different price. You think it has to do with the world we live in now . Absolutely. At 11 20 p. M. , oil is trading 45. 25 and the next hour 43. 76. How does that happen . Were the world is chasing alpha, when the quantitative models see an opportunity, which they see in oil, thats where all the activity is. It wasnt an overweight trader with fat fingers . No, and not pure fundamentals. Fundamentals are deteriorating for oil. It is seeing the opportunity, lowvol world. You go ar
Hospitalized. You are watching bloomberg. Bloomberg technology is next. Emily this is Bloomberg Technology. Beflix crown jewels estimates again. Benioffesforce ceo marc joins us taking down rising competition in the cloud. And why a judge decided not to arrest samsungs heir apparent. First to our lead. Netflix shares spiking in afterhours trading. They added more than 7 million subscribers to finish the year with 94 million members. The company credits the popularity of original content including the crown and Gilmore Girls in black mirror. A top of all of this is one of investors chief concerns. Joining us now, cory johnson. Walk us through. Pretty record. Cory those are some great numbers here. There were some terrible numbers here. Cage, it was interesting to see. That is part of their longterm plan. A change. Spending right now is going towards original content including luke cage where they are thinking its not just luke cage, but daredevil, iron fist, they will have their own ave
Hospitalized. You are watching bloomberg. Bloomberg technology is next. Emily this is Bloomberg Technology. Beflix crown jewels estimates again. Benioffesforce ceo marc joins us taking down rising competition in the cloud. And why a judge decided not to arrest samsungs heir apparent. First to our lead. Netflix shares spiking in afterhours trading. They added more than 7 million subscribers to finish the year with 94 million members. The company credits the popularity of original content including the crown and Gilmore Girls in black mirror. A top of all of this is one of investors chief concerns. Joining us now, cory johnson. Walk us through. Pretty record. Cory those are some great numbers here. There were some terrible numbers here. Cage, it was interesting to see. That is part of their longterm plan. A change. Spending right now is going towards original content including luke cage where they are thinking its not just luke cage, but daredevil, iron fist, they will have their own ave
Samsung says batteries were to blame for its overheating note 7 fiasco. The company has apologized and promised to tighten battery safety. Sam suns biggest business crisis killed off its flagship device with a cost projected to be 6 billion. Global news 24 hours a day powered by over 2600 journalists and analysts in over 120 countries. Youre watching bloomberg. Thats the check of the markets. We are seeing upward pressure for the regional benchmark, gaining. 3 . Japan is moving around and be composite is up. The shanghai composite up. 3 . This is bloomberg. Caroline i am caroline hyde. This is the best of Bloomberg Technology, where we bring you all the top interviews from this week in tech. Coming up, netflixs crown jewels. The company out with a huge beat this week as new customers flock to their original content grade plus, the chipmaker in the crosshairs. We will break down the case against qualcomm as the fight over licensing heads to court. And why a judge decided not to arrest s