Investors stream out of netflix. Tradersall worldwide as start to consider an underwhelming earnings season. Growth slows. Raising doubts on future revenue. We will break down the numbers with the cfo. Irans foreign minister says europe needs to live by its commitments. Offering slim hope of a breakthrough with the u. S. Get security by praying for it. You have to invest and do what is necessary. Europeans need to take the necessary action. View shotas in my itself in the foot. Hour away from the european open. Take a look at the treasury yield. The brief jump the bulls were awarded has come back down. The 10 year yield continuing to fall back closer to two. We do have equity index futures. A relatively large drop. 0. 6 percent. Ftse futures down 0. 4 . Open. Ld be a rough that does look like a rough open. Haveve some that disappointed. The Bigger Picture from asia, one of worry. Markets, down 0. 7 percent. Hong kong weaker, 0. 6 . Suggests risk aversion. Data out of that economy. Conc
In the biotech names and, again, guys, some real loops here well see if that continues as people dissect what is happening with this Senate Proposal for health care. Well send it right back down to the New York Stock Exchange and the true over at squawk alley. Good morning. Welcome to squawk alley much its 8 00 a. M. At oracle headquarters in Redwood Shores in california. 11 00 a. M. Here on wall street squawk alley is live good morning welcome to squawk alley. Carl has the morning off. Im on this side now. Youre on this side we like to switch it out a little bit joining us this morning, vanity fair special correspondent and General Motors vice chairman and cnbc cbsor bob lutz. Good morning to both of you. We want to Talk Health Care were just getting this draft legislation from the senate. Theyve been working on it in secret were starting to get the details trickling out as we make our way through 140 pages. Were seeing the markets react Health Care Stocks are surging on the back of t
Crisis, or fear of rate hikes, or fear of inflation, or deflation for that matter. It may seem odd to talk about fear on a day when the average is basically me and erg higher for most of the day. Nasdaq edging up thats because the market is in fear of one thing, it lives in fear of amazon specifically the power of amazon over the whole industries. We saw Health Care Stocks rally again today. Every stock in the group of the drugs, biotechs, medical devices and especially insurers and hospitals, which makes me think that they rallied because the bill is written. Looks like it might be too draconian to pass. Theres no universe for the hospitals to make more money under a plan that slashes medicaid and causes millions to lose their insurance still, though, i think the undercurrent, or i should say the undertow of amazon is such a dominant threat to so many consumer related sectors, in a consumerdriven economy, that its sinking whole swaths of stock once again if your companys in the crossh
Record Total Revenues of $1.535 billion Up 71% Y/Y Record Enterprise Cloud Bookings Fiscal 2024 Second Quarter Highlights Total Revenues (in millions) Annual.