Million subs, compared to that guidance of 2 million. The company beat up earnings in revenue. Reed hastings last night talking about competition on the call. We had a great couple of years at these price points and theres a lot of competition entering the market. Were focused on increasing value by having more spectacular shows so that people watch more of netflix. Lot of analysts are struggling how to value these guys. Is it a cash flow story . Is it a mushy hit maker story . Whats your take on this . How do we know what where its going to go. People were short the stock yesterday. Obviously were seeing major shortcomings. Carl, i think youve actually frame this had correctly. This is an unbelievably difficult company to analyze quarter to quarter. I have a rule of thumb, never bet against netflix or Reed Hastings. That said its extremely difficult to forecast whats going on here. Essentially the u. S. Has reached some kind of maturity and the rate of growth there is modest at best.
Power lunch starts right now. All right, welcome, everybody. A big show as you can see. The dow, the nasdaq and the s p 500 are all higher. But is the stock market getting a little too cozy with one likely election outcome . Well tell you why the races you arent watching may be the most important of all. Meantime, the big sectors also higher across the board, health care really the standout, shares of United Health are soaring. Also, look at the semiconductor space. Chip stocks on pace for the best day of the month. Intel, big upgrade. Well tell you about that. Brian, thank you very much. Welcome, everybody. Im tyler mathisen. Here is what else is happening at this hour. Millions of Social Security recipients will get a monthly increase in benefits next year. How big . 3 . That is the fifth year in a row that Older Americans will have to settle for those historically low raises. Starting today, at t customers can talk, text and use data while they are in cuba. And samsung reportedly no
Beneficial in the short term. After the bell an exclusive interview with senator tim kaine, the democratic Vice President ial nominee making an economics speech in detroit this afternoon. Goldman sachs, one of the leading dow components today on the heels of its Earnings Report that came out this morning. The Financial Firm getting a big boost from trading revenue. We have more on that move coming up. And from olympian to entrepreneur, Michael Phelps will join us here to discuss his latest Business Ventures as more and more athletes turn themselves into enterprises. Swimming with the sharks in the world of business at some point. The nasdaq really the big leader in todays market rally. Seema mody has more for us. Netflix being the driving force contributing about eight points to the nasdaq 100 gains. The headline numbers were positive. Subscriber growth here in the u. S. And internationally came in ahead of consensus. Speaking to analysts netflixs programming pivot seems to be a key pa
That employees created more than 2 million fake accounts without the consent of customers in an effort to meet managements aggressive sales goals. The ceo was grilled by members of congress about the scheme and later resigned. Activists are still worry about the new ceo. Saying he may not be serious about changing the banking culture. We will be left with thousands of vulnerable customer whos have lost faith and trust in our banking system. We need to do everything that we can do to repair that. The banks as we call them the banksters, have really gotten away with murder. Murdering the dreams and the hopes of working class people, who have been robbed of their childrens inheritance. The dignity and their pride. Because a bank is too big to fail. Reporter last month, californias treasurer took similar actions, suspending many of the states financial ties with wells fargo because of the scandal. Supervisor avalos says the city of San Francisco has a relatively small amount of funds with
Involvement by purposely hitting a sign in the plant city area three days after the hitandrun. He filed a Police Report with fhp and was going through the Insurance Company to get the damage repaired. He figured if he could get everything fixed including the broken mirror from the hitandrun, then no one would suspect his truck was involved. Ultimately, though, anon muss tip was called in to lead investigators to start looking at him. They got to the truck before the repair started, and his story i hope for the rest of his life that he thinks about the fact that he left that lady to die on the side of the road. Why he fled to try to create a scheme to get away with it. Well, he didnt. Reporter and were told kendrick didnt say anything to investigators. He lawyered up. We know he had a pretty prestigious title. Hes a senior vp at midflorida bond. Were live in polk county, josh cascio, fox 13 news. Also from polk county tonight, a mother and daughter fighting for their lives after being h