182. A miss. Still fishing around for the actual subscriber numbers. You can see the kneejerk reaction, down in after hours trading. Caroline that is what they were pricing and. Paid net change, up 10 million users. The estimate was for 8 million. We have here a coceo being named. This is an interesting move as we see perhaps a movement in terms of the leadership. Romaine that is a big deal. He would presumably be joining Reed Hastings at the helm. He is currently the chief content officer. There was a great story just the other day about all of the money they have been spending to acquire these big budget type of movies that normally would be going to theaters this summer. It will be interesting to see the reaction. The options implied move, updown move of about 12 up or down. We are starting to see some more numbers come in. Caroline i think it is the forwardlooking really putting down with pressure. Net change, 2. 5 million increase. Lets go out to abigail doolittle, who has some ba
My radarhich means is up. Francine lets get to first word news with ritika gupta. Ritika Mitch Mcconnell insists that businesses, schools, and other organizations be protected against coronavirus lawsuits, and that has bogged down talks over a new stemless package. Demanding that changes to Liability Law include wholesale in the legislation. Nancy pelosi says that shows he is not serious about reaching a deal. Federal reserve policy makers will turn their attention on how to jumpstart a stronger rebound from their sessions. They are all but set to keep their benchmark overnight rate unchanged when they wrap up their meeting today. The fed releases a statement at 2 00 p. M. New york time, Jerome Powell holding a News Conference 30 minutes later. Telln Ceo Jeff Bezos will will say that his customers his company he will strike a patriotic tone for his appearance before the house antitrust subcommittee. U. K. May loosen its coronavirus quarantine rules after a backlash from tourists and sp
How to taper without hitting prices . Polands president ial election is too close to call. We have the incumbent ahead by a thin margin. The result is seen as pivotal for the nations future ties with the European Union. Welcome to the European Market open. Matt is off this week, but just a month under an hour until the start of the trading day. European futures and u. S. Futures for you and both tell a similar story. European equity fund its pointing to the upside, u. S. Futures pointing to the upside. Between. 6 andp. 8 . Weve got u. S. Banks reporting, plenty of those coming through the week. Weve got a few Central Banks giving us their Interest Rate decisions, a little less likely to drive sentiment this week. Looking to the earnings season for any clues. Lets have a look at the gmm to see where weve been overnight through the Asian Session and any clues into the european session. Flying, chinese assets taking off despite caution in chinese papers. The japanese nikkei come also stro
Is real simple. The economic gloom is tangible and the market brushes it aside. Good morning, everyone. This is bloomberg surveillance. On bloomberg radio, on bloomberg television. The bid keeps coming in. It is not about being up. It is the quality of the up that is so important. Jonathan the last several months, rotation on, rotation off. It was rotation off since june or so. In the last several hours, rotation back on. That means the cyclical parts of the market do better, tech underperforms. The Treasury Curve steeper. Dollar in the mix as well. That is the thing a lot of people were trying to position behind. It didnt quite develop over the last month. It is back on this morning. Betterldman sachs with than good earnings. I have not gotten the appropriate up remotes the appropriate eyebrow, whats amowiczropriate abr briefing. Lisa theres an incredible dissonance between the pessimism we are hearing from the banking chiefs right now and the optimism you hear from a lot of fixed inc
It started out boring earlier this morning. It is not boring anymore. John will do jon will do a data check. 0. 5 inaq 100 up a good the last 30, 40 minutes. I am going to say that the chancellor of the exchequer, or the egg shells, whatever it is, giving a speech in the United Kingdom really talks about the stimulus to come. That has been the underpinning to a good feeling about this market. Jonathan this is smart policy we are seeing from the u. K. , and it lays down a market for fiscal authorities elsewhere as well. Lets start with the labor market and with the chancellor is doing today. The chancellor is incentivizing the government is companies to bring back employees. They are really trying to help the young. The companies will want to be incentivized as well. How do you incentivize them . You offer them money to help hire young people. That is an important step as well. Now weve got to talk about the industry getting really beaten up. Restaurants, hospitality, tourism. The chanc