Military strength. And some signs of a not so roaring economy. Retail prices are dropping. U. S. Futures now pointing to more or less a mixed open. Shares of eli lilly are tumbling more than 5 in the free market, failing to receive fda approval for a new Rheumatoid Arthritis drug. Stocks are looking to bounce back after the dow and the s p ended the holiday shortened week with the worst day in three weeks. And retail sales slowed down for a second straight month. We have geopolitical concerns and the Vice President is sending north korea a message during his visit to south korea. While issues like that remain the president and i have great confidence that china will properly deal with north korea. But as President Trump made clear just a few short days ago, if china is unable to deal with north korea the United States and our allies will. Got the dollar today at a five month low versus the yen. People going for safety. We mentioned gold getting near within about 2 bucks almost of 1300.
Good monday morning. Welcome to squawk alley. Jon fortt has the morning off. Earning season will be a big narrative kicking into second gear after the close tonight. Netflix topping the list of stocks to watch as the Company Looks to build on last quarters subgrowth. Julia boorstin is watching details on that. Netflix blew away last quarter. They projected adding 2. 5 million streaming subscribers. Netflix jumped from 50 territories to 200 territories last year and this quarter was quieter and didnt have as many new show launches. Investors are also watching for Second Quarter guidance. Expecting netflix will project about 2. 5 million new subscribers for q2 and hopes are high for returning hits such as orange is the new black there are concerns about the u. S. Market becomie ining saturated growing competition from amazon and hbo Live Streaming services and bundled from dish, directv and a report says its all about International Subs from here that theres a lot of white space to fill
Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
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