Netflix, as the richest is the streaming world, still expected to get richer than many of its competitors, academy i think we have to put this Earnings Report into context at the same time, john, i wonder if net flix is a pretender of what is to come it has been one of the great work from home, stay at home plays, and we have earnings coming up. Really this week you have seen some names take a breather zoom is down more than 10 this week these have been some of the really outstanding performer this is year and theyre taking a leg down so as with netflix it showed gains came earlier this year. Could they really keep up that momentum i think investors are taking stock of that right now. That is a fair point, but i think how much of the trends that we have seen are going to stick . Zoom has given up some, but it is not a ton i know that i have changed so much of my work and productivity patterns around some of the trends, i dont think that im going to switch back on a lot of this stuff i
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp
Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when
Worse but the profit and sales matt continue to do through that report. Olivia they will finally sell matt they will finally sell breakfast all day which is a nobrainer. Stephanie let us give you some top stories right now. We have so much news for you this morning. We are talking about matts breakfast later because they are serving all day. Matt in greece, lawmakers approved another round of creditor demand. The European Commission says talks should begin quickly. Tsipras warned the rest of the process will not be easy. It is hard negotiation process. It does not end here. After the approval of this package we are obliged to negotiate again with the same persistence and passion in order to agree on the terms of the loan. Matt he said he will diplomat the Austerity Program demanded by creditors even though he thinks it is wrong. Secretary of state john kerry goes to capitol hill today to make his case for the iran nuclear deal. He and other ministers and officials will testify before t