Bank lets check the numbers and see where we stand the dow is off 1. 5 . 24,260 s p at 2900. Russell, all the way on your right. Its been a big out we are forming giving back about 3 today. Were going to look ahead to those earnings tonight but we have to look back to last night. You own facebook, microsoft. No wonder these stocks have been doing so well. They justified the it last night, didnt they they did. When facebook comes out and says ad revenues have stabilized, thats a very powerful statement. Weve had this debate is old tech tired or is big tech tired. Can it keep giving we saw their operating morals are fantastic. Apple may be the squishiest of all because they are directly tied to the consumer phones. I phone it im not doing anything with it so what . This is where you want to be you want to be in whats working because the companies are bilts to work. Its where technology is and where its going 5g as we talked about so many times. Funny you say that. Kramer said so Many Com
Thank you for joining us on squawk alley. John is at merge in miami, flori florida, and we will get to him later, but at post 9, kelly evans. Good morning. And joining us from out west is jason calakanas who is an invester and we have a lot going on in the market, and dow and s p 500 nasdaq posting the intraday highs today, and the dow is holding e steady above 18,000, and russell 2,000, and the dow transports are out of correction territory, but start with the netflix today, jason, because the shares have been hit hard when the company gave weaker than expected subscriber guidance for the coming quarters and 2 million additions rather than the 3 million that the investors were expecting, and also, there was a offering of prime video stand alone which was talked about on the Conference Call from reed hastings, and we have that. So take a listen. Hulu is doing great work, and amazon, and hbo and showtime, and so many competitors, and everybody is working hard to build the best content.
Before . Well, there is some catalyst pushing us around, and the catalyst and we have talked about it time and time again, over the last month or two, and the correlation with oil, and 37 to 42 is the new range that we are sitting in with oil. If oil breaks through, judge, that is because the primary catalyst in my opinion that has been moving the markets, and that is where we areal following the very closest, because you can talk about the dow or talk about the 10year or the chinaer to fed i was going to talk about the dollar. Make the can case that the dollar is the most important thing. Well, it is important, but you can almost right now close your eyes on the weekly basis and not every single day, but on the weekly basis, close your eyes and see where oil is, and you know where the market is. And rob, is this the time, maybe it is, sentiment is different than what it was in the beginning part of the year. China is maybe beter thab it was in the beginning part of the year, and oil i