Guest netflix is the worlds leading Entertainment Service bid we reduce and amazing Television Series and movies. We bent up around about 20 years and serve millions of families around the world who are membe members. Host is there a connection to the 1998 company where you had 900 movie titles and 30 employees . Guest there was a little connection to that. We started 22 years ago and mainly mailing dvds in the United States competing with blockbuster. That was a whole decade really that we were competing with video stores in the u. S. That was 2007 when we started streaming. Roughly the same time youtube did. Host erin meyer, how did you get involved in this book project . I study cultural differences in the workplace and ive been a school professor. I came across the netflix culture when i read what many people have the netflix culture and it was way at the beginning and it was quite shocking when i read it. It said things like adequate performance gets a generous severance. That sho
All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu
Movies. Weve been around about 20 years and have about 200 million families around the world who are our members. Host is there a a connectin to the 1998 company where you at 900 movie titles and 30 employees . Guest theres a little connection to that. We started 22 years ago mailing dvds in the united states, competing with blockbuster. That was a full decade really that were competing with video stores just in the u. S. Thats 2007 when we started streaming. Roughly the same time that youtube did. Host erin meyer, how did you get involved in this book project . Guest i study cultural differences in the workplace. Im a professor, and i first came across the netflix culture when i read what main people have, the netflix culture hacks. It definitely put on the internet with again and it was quite shocking when i read it. It said things like adequate performance gets a generous severance. That really shocked me because in my department at my Business School i teach that. We were at the ti
Of the s p 500 that is one of many questions. Power lunch has the answers, right now. Yes, we do, tyler thanks ceos are starting to sounds the alarm about the economic recovery and the path forward. Lets get to bob pisani for the details on that. Bob . Kelly, we were hopeful we would get more Earnings Guidance 40 said no guidance, were sort of hearing for the Second Quarter and into the third quarter, so ibm yesterday a good example of that. He said maybe we were a bit optimistic uncertainly makes us unwilling to provide guidance. Theres other issues, too, the ceo of capital one has made the stimulus has made it different i dont think we have a rigorous measure of how many current borrowers are unemployed i think its reflective of america and there are different degrees of unemployment right now. Thats tough ive seen some positive comments as well. Nasdaq had very big stock volume, ameritrade did as well theres been a lot of ipo activity recently. We have he Anita Friedman on, the chai
Rain. Center was in a 52 after being 51, rain mendocino county, lake county, also moving in from the bay to inverness, san anselm Russian River. The systems on its way but it will be here until late saturday early sunday. Which allows us to get two days of a break starting tomorrow. Today 60s and 70s. Lets see, i think there is some good news out there. A little better on the situations . Were we to talk about that, were going to look at some of these other commutes. The good news part comes from the 680 drivethrough concord into pleasantville and creek. You will see that traffic is moving along pretty well as you drive through. We do have an update on that situation in southern san jose. On 85, we have five pictures of that. This is the scene on 85 southbound where four people were killed in that overnight crash on 85. Southbound traffic is diverted, Elissa Harrington tells us what they are saying about how this collision occurred. Reporter according to the chp this suv was packed wit