Optimistic, unfortunately, happy monday, john, you remember netflix earnings last week were pretty disappointing. it is going to be a bumper week, over 100 companies will be reporting this week, and key to think about is forward guidance, what the companies think will happen to the economy heading forward from here, with the ongoing issues of supply chain disruptions and run-away inflation as well, are they imparting those cost increases on to the consumer? what does it do to their margins? and really when we think about the market today, we re thinking about a lot of red and what was a tough end to the market last week is turning out to be a very tough start today, john. obviously, we ve all been watching the economic implications of the covid situation in china and now mass testing is under way in beijing as well as the capital city reported a huge spike in covid cases over the weekend. is it possible that beijing could see a similar strict lockdown to the one we saw in
Shanghai? that is certainly the theory, as you mentioned, they re testing 3.5 million people in the main business district in beijing at the moment. i ve been speaking to a journalist friend who is based in shanghai and he is saying he is not surprised to see people stripping the shelves of food in beijing because when people warned people in shanghai that the lockdown was four days, it is now 25 days and they said no food shortages and there have been, so people in beijing keeping precautions and colleagues in our beijing bureau looking at anecdotal evidence of food coming off the shelves as people prepare for what could be a long lockdown. lastly, there s there. we ve been talking a lot about elon musk and twitter and yesterday, the social media company and the board of directors reportedly convened to discuss musk s financing plans to potentially buy the social media platform after all. and now we ve got reporting from the new york times over the last few minutes that say the