Line making its debut on the New York Stock Exchange opening at 32 a share. Trading around 42. 72. This is what the chief global officer had to tell us on the last hour of squawk on the street. Its a kind of trend and evolution. So we start but theres service and game service, they want it so theres two occasions theyre searching. So if the users can be very rare and nonstop service i think we can satisfy users. When they did it markets were at new highs and pokemon go was a global phenomenon. They priced it low. That was a big advantage here. User growth was stagnated. Revenue growth is still good. Its game dependent. This reminds me of when twitter went public. And these companies were going public when they already grasped most of the market opportunity. They can move wrond japan or new products. So you think they waited too long. Whether or not it was their fault. Theyre in great shape. Im talking about the investor side. You have to say how are they going to drive the next wave of
After the bell. Well tell you what to expect and live analysis when the earnings are released. Meantime, the Republican National Convention Officially under way in cleveland right now. We are live on the ground there with the latest developments. Plus, mr. Trump senior trade adviser on why he believes free trade failed the United States. Remember this one . We have new developments in the story about a Hedge Fund Portfolio manager fired after throwing a big hamptons party. The Hedge Fund Manager is speaking out saying theres a lot more to the story and hell tell us what it is after the bell today. All right. Japans softbank buying uk based apple supplier arm holdings. David farber, david, has the story for us right now. I do. Thats right. Arm. I want to hear about the Hedge Fund Guy and ill wait for that. But as for this deal, of course, many people actually not expected it. They werent waiting for a deal of this type. Arm holdings, bill and kelly, not necessarily thought of as a conso
The city of nice after a truck ran down people celebrating bastille day. Michelle with the latest. Reporter new footage shows the truck that killed 84 people filmed by a freelance journalist. The 28 ton truck with hand grenades plowed through on the french riviera. People jumped into the sea while the semi moved more than a mile on the boardwalk. Police shot and killed the attacker and theres video obtained by the Associated Press that appears to show the moment when it happened. The u. S. State Department Said two americans are among the victims of the attack. Nbc news reports they are 51yearold Sean Copeland and 11yearold from texas. They were on vacation. Two Police Officials tell the ap that identity papers alongside the attackers with 31yearold frenchman of tunisian origin. No known connection to terrorist groups, not yet, at least. Eight months and a day after suicide bombers killed 130 people in paris. Michelle crusoe cabrera. Thank you. For more, the paris bureau chief at the f
There it is. And you see about twothirds of the dow stocks are higher. United Health Leading the way. And trailing down there, let me see, i cant see over there. Home depot. Home depot. Lets get more on todays market action. Bob pisani on the floor of the new york stock exchange. Hello, tyler. Mixed market today, but something unusuals happened. Oil dropped and the market didnt fall apart. Take a look. We had a disappointing inventory numbers here. It wasnt as big as expected, gasoline inventories went up. Oil dropped a buck and a half in the middle of the day, but look at the s p. Really very moderate response to that. In fact, took a while for it to drop at all. You can see its come back a little bit on top of that. Energy stocks, like the xop, oil and Gas Exploration sector, did drop on that. Its just coming off the lows, but even that its not that dramatic overall. If you look at sectors here back to the slightly more defensive posture with telecom, utilities and Consumer Staples l
Company slashing its subscriber Growth Guidance for the next quarter. The question now, is netflix any longer a growth stock . Dan, lets start with you. Well, here is the problem. Its International Subscriptions. That was the thing that took it down last quarter when they reported in midapril. They guided down from this quarter from 3. 5 net subscribers to 2 million. They just missed that number. They came in at 1. 5 for International Subs in the q2 and then guided the q3 below expectations. For a stock that trades at this valuation, you need to see that ramp internationally. Theres been no shortage of questions about competition. Maybe thats coming into play. We know that they have that price increase here domestically for longtime subs. A lot of headwinds. Youre talking about the price increase. Reed hastings has been on after the result talking about this ungrandfather. Its basically the price benefit or the inducement you had to get and sign up for netflix is coming off and coming