Cspan, created by private industry, americas cabletelevision company, as a Public Service and brought to you today by your television provider. Host Mark Randolph is a cofounder of netflix and he is the author of this new book, that will never work. Mr. Randolph, what the idea of netflix come from . Guest ideas come from the strangest places. In that will never work a talk about this crazy idea we had in of all places carpooling. My cofounder Reed Hastings and i were commuting back and forth to work brainstorming ideas, and one of these crazy ideas we had with maybe we could do video rental by mail using dvds. Rather than rushing home writing a Business Plan or hurrying to the office and doing a powerpoint slide show, we decide we would try to take the first step to validate that idea so we turned the car around, drove down to santa cruz we both lived. I went to a used music store and bought a little music cd. I think it was patsy cline. We went next door, bought a little gift envelope
Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf
Today after forecasting a 6 to 12 drop in earnings in fiscal 2017. The question is how much of a warning sign is it for other retailers and what is it telling us about the economy . Thats not the only story today. Its not just about equities. Take a look at the tenyear yield. The beige book came out an hour ago and the markets really didnt like it in terms of the growth stories, so were back below 2 on the tenyear. The dollar index is now at a sevenweek low. The euro has moved to a sevenweek high against the dollar itself. Gold is now back above its 200day moving average for the First Time Since may with an almost 2 move higher today. One of the countrys largest mortgage lenders wells fargo reporting its results. Were going to get the cfos take on the housing market. John strewsberry coming up. Netflix will be reporting earnings after the bell tonight. Well tell you the number to watch for in that release, coming up later on closing bell. Courtney reagan, what more have we learned . Wa
Everybody should play by the same rules. Sensata workers have played by the rules for years. Helped the Company Become hugely profitable. And now they will pay the price. 170 families will now have to find work, health care, and Retirement Security someplace else. Well show you the local impact and how republican Economic Policy has devastated the middle class all across the country. And the economic stakes in this election play out in freeport, illinois. The sensata plant is ground zero in the economic differences between governor romney and president obama. Good evening, americans. Welcome to the ed show. Great to have you with us tonight. From freeport, illinois. Tonight we are in the belly of the beast of mitt romneys economy. The story of the romney economy can be told with 200 jobs here in this small town of illinois, freeport. Now, its important to know, i think how all of this happened. Were going to tell that story tonight. Its important to understand the plea coming from the
Tonight in freeport, illinois. Everybody should play by the same rules. Sensata workers have played by the rules for years. Helped the Company Become hugely profitable. And now they will pay the price. 170 families will now have to find work, health care, and Retirement Security someplace else. Well show you the local impact and how republican Economic Policy has devastated the middle class all across the country. And the economic stakes in this election play out in freeport, illinois. The sensata plant is ground zero in the economic differences between governor romney and president obama. Good evening, americans. Welcome to the ed show. Great to have you with us tonight. From freeport, illinois. Tonight we are in the belly of the beast of mitt romneys economy. The story of the romney economy can be told with 200 jobs here in this small town of illinois, freeport. Now, its important to know, i think how all of this happened. Were going to tell that story tonight. Its important to under