5,000 jamie dimon may be changing his tune first, jpmorgan and citi reporting Solid Earnings but investors were pushing the sell button all day long, citi ending down 3. 5 . Given the quality of the earnings from citi and jpmorgan and the reaction we saw in their stocks, is earnings season going to shape up to be a sell the news event with stocks at record highs . Karen . I agree, both earnings were very impressive on a lot of fronts if you really wanted to you could find things to pick out, as, all right, maybe not the best the only thing wrong with those earnings is both stocks ran up 8 or so before earnings is this Market Pricing in too much you kind of need to be worried i have positions like an alphabet, like a facebook, that have come back a lot at new highs now. And so i gotta think that pretty good earnings are priced in, i gotta think about that how do we hedge against earnings, even if theyre good exactly, the earnings were good dominos pizza, the earnings were good, that sto
Did. Even with a number of developments out of washington, investors were focused on the possibility that corporate profits will be strong this quarter and that Global Economic growth will continue to improve. Today the Dow Jones Industrial aver rose 30 points to 22,871. Nasdaq was up 14 to that record. The s p 500 added two. For the week, all of the major indexes were higher. The maet risen even more today if not for the decline in the health care stocks. Shares of hospital operators and insurers were lower after President Trump said the administration will immediately stop making subsidy payments to Health Insurers that sell plans under the Affordable Care act exchanges. Those payments are used to offset the cost of coverage for lowincome people. As Bertha Coombs explains, that leaves a lot reporter President Trump says hes cutting off what he calls subsidies to Health Insurers. That money is going to Insurance Companies to lift up their stock price. And thats knonot what im abou. Ta
Its about 45 kilos. You really know youre about to do something. As the engine starts spooling up and starts to build you can sense the energy. The moment the ground leaves your feet and youre actually in the air, its a pleasure and a joy. What an invention, Richard Browning there. Now the weather, with ben rich. Hello, weve been on a journey this week, with some sunshine, some mild weather, and the destination is cold weather, and the destination is cold weather, which will sink down from the north, particularly during saturday sunday, reaching iust the north, particularly during saturday sunday, reaching just about all parts of the British Isles. Here and now its relatively mild, ella list of literally in northern scotla nd list of literally in northern scotland but blue skies in aberdeenshire. Theres been a lot more cloud further south, that was the scene in devon earlier on. That cloud is struggling to break up but it will continue to do so this afternoon, although the far south ea
He will appear by Video Conference thursday to face parole commissioners. Global news 24 hours a day. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. I am Caroline Hyde from london in for emily chang. This is Bloomberg Technology. Recordup, netflixs secondquarter. Why content is king as tech earnings get underway. Uber fit for business . The west coast had joins us to discuss the business platform and rebuilding the Company Culture without a c. E. O. At the wheel. The highs and lows and hacks affecting cryptocurrencies. We dig into what is driving volatility and the bitcoin selloff. Netflixs secondquarter has seen the Company Shares climb 30 . The streaming service delivered adding 5. 2 million streaming subscribers with a big portion of that coming from outside the u. S. Shares are rallying in afterhours trading, up 10 . Cory johnson joins us from San Francisco. Completely smashing it on the subscriber side. Now it seems they have 50 50 when it comes to internatio
At the Fortune Brainstorm tech conference. First, to our lead. Netflix Earnings Results exceeded expectations. There is little room for error. Shares climbed 30 this year. They delivered on a key step, adding subscribers. A big portion came from outside the United States. Caroline hyde sat down with cory johnson. Cory johnson they dont see the financial results. What they see is a business that might someday generate the results. How do you have the cash loan to pay for all that content . By having subscribers that pay every month. They see an accumulation of subscribers who are sending credit card numbers in and the payments keep flowing through. The hope is there will be a geography like the United States and canada that are profitable and thats the future for the rest of the world for netflix. Caroline amazing. 104 million users, for the First Time International users will bring them a prophet. We are looking at the financial analysis. You can see that at the moment the Revenue Brea