Results. Julia ba Julia Boorstin is in los angeles and very volatile in the afterhours session. Melissa, great to have you back netflix adding 15. 7 million subscribers and thats about double what analysts expected. The company also forecasting the addition of 7. 5 million subscribers in the Second Quarter and thats more than 3 million more than analyst predictions for that Ceo Reed Hastings saying there are three main effects of coronavirus. In addition to subscriber growth temporarily accelerating due to home confinement and he says that International Revenue will be lower than previous forecast due to the dollars sharp rise and he also says due to production shutdowns and spending on contact will be delayed. Hastings also expects viewing to decline and subscriber growths it decelerate as home confinement ends and as for the impact of netflix does expect some delays and they do expect secondquarter content to be modestly impacted. Since we have a Large Library with thousands of title
Patients. The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the economy as possible. Gerry even the most fiscally conserv
April 10. Climbed the most since april 10. Millions of us are watching a lot of television. Netflix jumped, but investors questioned how long the binge will last. Shery look at how markets are trading. We are checking oil prices after we saw that crash this week. June futures are rebounding slightly. This coming after it plunged 70 may contracts expiring, sinking below zero for the first time ever, traders fleeing oil to avoid taking delivery of physical barrels. Seeing a rebound across the board but significantly lower from where we were earlier this week or last week. Look at how the broader markets are trading up your u. S. Futures after stocksg, tumbled the most in three weeks pay we had a frisch a fresh rout of risk aversion. Around the 2700 level. President trump and secretary of treasury mnuchin giving a briefing at the white house. Lets listen in. The certifications are quite significant. How many jobs have been saved while the money was going ppp is over 30he million jobs. Tha
Which tends to show up around sunrise, and you can see a little bit right there going over San Francisco. So we do have patchy fog. Therefore it is down to 40. 51 officially in the city but Golden Gate Park is 50 with a breeze from on shore. That will be some temperatures that will be only in the 60s for the western part of the city. 51 officially, oakland is 49 the, at the airport and santa rosa both at 40. That system to the north keeps things in check for one monday, but temperatures will be a little above average near the coast and bay and low 80s upper 70s away from the coast. Alrighty, lets head over to sal now and see how dublin great is doing. The dublin grade is fixed, there is slow traffic though, now, in other parts of the bay. Lets go to the marin county signed, coming down to the golden gate bridge, there is slow traffic on Park Presidio drive coming away from doyle drive, you see the red there and you will see traffic that is going to be busy in that area. I am also going
Patients. The university of oxford saying they might have a vaccine as early as september. More than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. s vital to get the economy moving. The initial reading of Gross Domestic Product in the first three months of this year showed that the economy sank at an annual rate of 4. 8 , the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. Federal reserve chairman jay powell believes the unemployment will soar, saying that we cant worry about the massive amount of debt piling up on the federal ledger right now. This is not the time the act on those concerns. This is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the economy as possible. Gerry even the most fiscally conserv