Think it is in the next 20 years a Million Dollars a coin comes after s. E. C. Chairman jay clayton put out a cryptocurrency warning saying if an opportunity seems too good to be true, exercise extreme caution. Not every day you get Something Like that from the head of the ftc. Wheres your thinking on bitcoin prior to this runup and now that it has gone so much higher . I think bitcoin is basically an inverse mistrust index, and that is as we lose faith in institutions, it goes up a prediction, if roy moore wins the election today, bitcoin goes uptomorrow its young people saying they have no faith in our institutions or is it kim jongun making good and getting around all skien kinds of International Chaos chaos is good for bitcoin economics fail throughout history, so if you dont believe in the federal reserve, buy bitcoin. Its sort of a mistruster, to your point, john, chaos process. What about the concern that some have that these are nonsophisticated investors that are really drivin
Were going to have a house party good tuesday morning. Im Carl Quintanilla netflix a big story. Trading at all time high surpassing 100 billion in market cap for the first time after earnings shares up on strong guidance for on going growth which is driven by the commitment to content on the earnings call, Reid Hastings said because theyre growing faster than expected, theyll invest more than planned. It is 8 billion but it will be higher in 2019 and 2020 so dont think of it as 8 billion and a new plateau. Instead, its just a point in time as we grow both the revenue and our content budget for more on the results, were joined by Foundation Capital general partner paul holland who knows this Company Inside and out paul, good to have you back. Good morning, guys. Hows it going i mean were sort of in awe of what they put together in q 4, especially internationally. Now we have anl iflalysts cominn the air talking about subs in the hundreds of millions eventually have we are you do you hav
Good tuesday morning. Welcome to squawk alley. Joining us this morning, elie wiehl is on set and mike isaac. We will get to you in a couple of minutes. We start with mixed signals from washington over the president s reported conversation with Russian Foreign minister lavrov inside the oval office. National security adviser h. R. Mcmaster now set to hold an oncamera press briefing in about 30 minutes. We will bring it to you when it happens. John harwood is in washington to set the scene. Clearly the white house is taking this seriously, as it should. What do we expect to hear from mcmaster . Well, i think this is the most significant damage control this white house has had to do so far, because what we have been seeing is an erosion of republican support. Its not an outright jailbreak in terms of people fleeing him but you do hear more serious criticism of him because this does involve National Security, not just involving russia, but also involving isis and i would expect that genera
Of the attacks including Hillary Clinton line directly to the families of the people who were killed right to their face. Hillary clintons answer to congress about the dad of these brave americans because of the gross failure of secretaries they was what difference at this point is that made . What difference does it make . Maria fresh security concerns around the world. The details on the train ambush that left five people injured. That is coming out. Talk about firing a worker they refuse to serve police. While the refusal has her hitting the unemployment line. Trouble for netflix to report the service hitting high. Consumers way. Telling customers to play all the pokemon go they want, but not everybody is pleased. Bringing internet equality into question. The high continues almost eerie. Lower this morning after another record day of trading yesterday. We are awaiting earnings from big names at Goldman Sachs and john van johnson before the opening bell. In europe, the major indices
Day. Cnbc, Institutional Investor hosting the sixth annual delivering alpha conference in new york city, bringing Hedge Fund Titans and investors together, offering their views on policy, the economy, politics and investing. In just a few moments well hear from elliott managements paul singer. Thats a big one. First, bridge Water Associates making news a moment ago, talking about rates along with former secretary tim geitner. Take a listen. When jamie dimon says to raise Interest Rates you think thats wrong . Thats right. I think thats wrong. At this stage, the risks are so asymmetr asymmetric. Theres no doubt you can slow the economy, world economy, u. S. Economy. Look at the inflation pressures, its a horrible thing. You look at the demographics. All of those things means that the risks are so much more on the downside. With all of that seemingly appropriate, we do have a selloff today, dow down 212, pretty much session lows. S p is down almost 30 points with horrible bredth all morn