23 Burst results for "John Farrow"
"john farrow" Discussed on Bloomberg Radio New York
"On the commodities front WTI crude oil is lower just over $85 per barrel gold is also lower It's called $1845 an ounce Bitcoin That's the story here this morning It's about 7% lower today and now trades about $38,400 per token or so maybe an entry point for somebody just sitting down Let's get some more color on those equity markets Well bloomer markets correspond to pretty good Pretty what are you looking at Yeah Paul we have to start talking about Netflix because you know there's a real shortage of that this network Is your ticker down 20% I'm gonna quote John farrow here and saying that a company worth $225 billion should not be moving 20% Right In just the pre market this of course coming off of an outlook miss a Netflix expecting to add only 2.5 million users in the current quarter and to add on to that the company also reporting 18.2 million customers in 2021 that's down from 50% from 2020 So major hit for Netflix and you're seeing some of those other streaming companies taking a hit as well Roku is one of them are okay use the ticker down just shy of 4% Disney as well DIS is your taker down 3.6% Well I'm trying to download Ozark as we speak and it's just not working here so I don't know what's going on Is that your Netflix show of choice Right now yeah it's big I noted I'm gonna add that to my Netflix watching list on the good upside though We were talking about kind of the perhaps money coming out of those stay at home stocks peloton getting a little bit of a bid this morning PT ON is your ticker up 4.4% Remember it had a major hey yesterday down over 20% in its own stock This comes after a report that it was slashing costs to cope with slowing demand for its stationary bikes They're also planning to cut jobs Of course they're also posting revenue of $1.1 billion There was a time when you had to wait months to get a bike Yeah I mean months Oh yeah And you know it's just amazing Now they're cutting production on some of the bikes and the treadmills and things like that just amazing The times have certainly changed and to go really quickly back to Netflix here If you actually looked at a chart of Netflix and its market cap it made a literal round round trip in its chart all because of the squid game returns that boosted the stock since the 2020 pandemic and then now it's coming back I will see what it does at the open of course Moving on to another earnings story here this morning CSX the railroad down just shy of 4% It's called cheshi systems back in the day when we trade it When I traded railroad stocks chessy system Noted Fun fact you're Friday fun fact folks Fourth quarter profits Are you sure the running railroad I traded for Marvin gardens which usually never worked out Is they called reading or reading Ready Oh really Yeah Yeah She's like from a foreign country That's Texas I know I know It is the Republican Party I know I even say Houston not Halston You scandal Baltimore in Ohio Yes And how you would trade from my mother was smarter than me She would always go for Illinois For me I just go in circles until I create no idea We're talking about monopoly Yeah There we go Give me some credit Anyway CSX I'll wrap it up here Fourth quarter profit and revenue beat overshadowing by a miss in this operating ratio a measure of the railroads efficiency You don't need those road efficiency numbers from an hour I love them But revenue ten miles RTN that was a basis for your earnings model for the railroad companies how much revenue did they generate from moving a ton of freight over one mile Oh interesting There you go That's your modeling tip of the bacon You and I just leave and you can do it Yeah exactly We should do that for charge of the day Tom We should Pretty good to thank you so much greatly appreciate it We said good morning to all of you Bloomberg surveillance futures negative 23 Dow futures here down which means that you know we probably have to talk about Netflix Yes it seems to be the theme this morning It's actually really interesting and I just had a raging debate with Barry Ritz on this ether rug enough joints as we pick up the pieces of Netflix Keith does the company have an obligation to maybe sort of kind of like suggest to the sell side to the 51 analysts on the Bloomberg that follow Netflix to maybe suggest this quarter doesn't look that good That's the understatement of the year yet So the fourth quarter actually was much better than feared I think what's really spooked all of us has been the worst I think it's the worst of the worst case scenario for the one Q guide And that's about 60% lower than consensus but I think really what everybody was kind of hoping for was some kind of return to a predictable pattern of growth and that's obviously not happening Why is a predictable pattern of growth not happening Because typically if you look at a pre-pandemic year the first quarter kind of sets the tone for the whole year So you have the service typically adding anywhere from about 6 million to about 8 to 9 million subscribers in a regular year That's about 30% of their entire years additions And now if you extrapolate and you take this two and a half million and you kind of model it out for the whole year you basically get under 10 million And that just does not work for the Netflix story The Netflix model is predicated on about at least 25 million subscriber additions per year And this is what kind of throwing everybody off And to kind of amplify these problems further is the whole margin story They were guiding to about 300 basis points of margin improvement every year And now you suddenly have them walking that back a little bit for 2022 and actually kind of guiding them Jump in here I'm talking to two experts who ranging out and Paul Sweeney to both you and Paul pick up the conversation Are they wandering back to negative free cash flow because I don't think so No I think this is a profitable business We've seen it in the U.S. for a long time But is this just a simply a question of the programming expenses rising faster than maybe the revenue because of subscriber growth is slowing Is that the kind of the story So on the margin side Paul the operating margin underperformance is really just more effects issue They said that that's going to hit revenue Just the fact that the U.S. dollar has strengthened so much that is going to cause about a $1 billion impact on the revenue line And that's really what's affecting the margin guidance But really what it's come down to your point about free cash flow I think they still have a lot of operating leverage in the model So I think this will be a sustainably free cash flow positive story I just think it's going to take us longer to get there because initially when we kind of modeled out this company we thought about a billion and a half dollars in free cash flow in 2022 I think it might take a little bit longer to kind of get there and we're not necessarily going to see that huge ramp up So I think subscriber growth definitely decelerating it's going to be at least I think another three to 6 months before we get some clarity I'm binging Ozark this weekend just let me know right now Keith what does this mean for the kind of the streaming business overall I know some of the other stocks Roku and Disney taking a little bit of.
"john farrow" Discussed on Bloomberg Radio New York
"Just mentioned we're gaining about 37 points right now the S&P 500 up to yet another all time record high Every day this week is green Today every day They will send stocks Can't fall Well they can It's just that they haven't been doing it lately I mean there are two themes that really come out of today's trading One John Tucker kind of alluded to with this Pfizer COVID-19 pill I mean we're seeing some real moves in response to that Pfizer up more than 9% John mentioned Moderna which is down 19 and a half percent and then you also have Merck which they're looking for authorization for a pill that may be less effective frankly and those shares down about 9% But then there's what's going on in travel socks The COVID-19 developments clearly a part of that results out of air-b-n-b and Expedia also part of that air-b-n-b up 11% Expedia up 9 and a half percent You look across online travel companies airlines cruise lines you name it And you've got gains So I mean there's plenty going on Even beyond that but those two things really emerge from today's trading All right Dave Wilson senior stocks editor Thanks very much for that Now as I said labor secretary Marty Walsh speaking to Bloomberg news John farrow leads that interview Let's listen in Thank you team Secondary whilst joining us now on the labor market report we got a little bit earlier this morning Dan in Washington D.C. secretary well it's great to have you with us on the program sir I just wanted to start right here with a wage story We heard from the president of the United States in the past week on this Just listening with me about what he had to say Take a listen The wages.
"john farrow" Discussed on Bloomberg Radio New York
"Good morning to you all along side, some king and least of rabbits, son Jonathan Farrow on this Friday morning, we retreat just a little bit further away from all time highs and the S and P 500. Here's a picture a state of play negative 27 on the S and P down 7/10 of 1% in your bond market a bit into the long again we're down about two or three basis points than three on thirties. So 1 84 on a 10 year yield down two basis points. South of 1.1% outside of that affair of foreign exchange for you, Donna, coming back stronger against all of G 10. Now, Eurodollar slightly negative. Sterling down 6/10 of 1%. That's the cross s that story. Just the moment on big tech guys just to reflect on the highs from Early September, 2020, Amazon and Microsoft a still below those levels have not managed to get above them. Apple just about getting its head above water. Just about getting over that line in the sand from early September. It just goes to underline Tom that some of these big tech names has struggled since late steps since early September as the small caps and will cyclical parts of this market. It just ripped from late October onwards, they turned is the way I'd put it on a securities analysis. I'd put him Doyle is that was brilliant. This morning, John The model revenue growth of those names going into this earnings Epps season and the number that sticks in my head is 37%. But what's so important here folks is Mark Gurman is the most dominant reporter at Bloomberg News right now, Mr Gurman, writing for years and technology, and he has not done it once. Or twice but this morning of third story John Farrow on Apple Computer in the products to come, and what is so important about this is the tech world is riveted. With Mr Germans Anecdotes in reporting about the choices it's Apple is making away from the iPhone to keep the pixie dust going. The MacBook Laptop will be lighter and thin. It's home. I imagine it would be quicker as well. Do you know what can't stand My Mac book? Out of the computers on my desk right now. My laptop, My Mac book. My math book is sitting there with the clock on. That's all I'm using.
"john farrow" Discussed on Horror Soup
"You made a good point earlier and it's that every single blunt house movie is just paranormal activity with a different name. Oh for sure will. This is really kind of the spark that from here. We get sort of the whole james. One verse of james wants a great director. Everything and not. All of his movies are garbage. I'm not saying that. But he has become the the john farrow of horror movies. Where like jon favreau remakes. The same thing the same way. John favreau remakes spiderman. Two and it just keeps doing it over and over and over again okay. That's fire so yeah i mean. That's that's insidious that's the conjuring Fucking i feel like sinister is in there like all of these blunt house productions a lot of them james one has a hand in and they're all pretty much the same fucking movie yet. They're really all. But i mean i guess that's what it is you know. The blunt just likes to likes to really plummet up. You know he's really cheap movies. That make an absurd amount of money just because they are a blunt the disney of horror. Yeah and all because of this one really shitty movie which is weird. It's it's it's it's all it's crazy to be because this wasn't all built off of one amazing movie and everyone's like yeah. Let's go to it. It's just because this one shitty movie was so prolific and made so much money. Why couldn't he have had a masterpiece. Kickoff you know his his dynasty. why couldn't he have had the next evil dead type franchise on his hands. No it had to be this fucking bullshit israeli weird. 'cause i mean i still feel like a lot of people hold onto that sentiment. I of paranormal activity and figured it's all good and they're like oh blood. House movies are awesome. And i'm like yeah you know. They've definitely gone better since berno activity. It's like half and half now but like the ones that suck fucking suck dude sucks so bad and they're all like this like they're not like they're like like in the sense of their found footage and like Like in the sense that they just suck as bad as this fucking movie and to be fair. We both already knew we hated. This movie already knew he didn't like it going into it and we watched it and holy shit. This movie is so much worse than i remembered. It's worse it's worse in if you haven't seen this a long time think about like. Oh yeah i remember that movie. It's worse than that so whether or not you thought it was good or bad. It's worse than how you remember it. I promise. I thought i knew nothing happened in this but i thought so much more happened. Just like small thump humming loud loud loud tapping the whole subtitles. Made this movie. Pretty fucking funny. The subtitles did did add sort of a new context that i wasn't expecting it equally. Made it more funny to have the subtitles and also funny at the time also made it even worse. There were some moments. I feel like in the movie where it's playing off of your confusion as the viewer of like a what am i hearing and so like sometimes whenever you would see like the the captions come up of like. Let's katie saying something it's like. Oh maybe if. I was listening to this without that caption. I wouldn't have thanks. She said it may be able to thought like the demon or whatever was the one talking right now. If it's like a low whisper something you know but Yeah but also to be fair. There's no way we would have thought that because this movie does what i think is the cardinal sin of found footage movies and that it just never does anything and it's just like obviously you want you want to build some suspense in movie..
"john farrow" Discussed on Bloomberg Radio New York
"It's a day to check of optimism, but far more. It's a data check of normality. Mr Biden talks about normalcy. Well, we have normalcy in the market. Let me do the percentages. First. I usually don't do that It matters today. SPX up 7/10 of a percent. The Dow oppa Lesser half a percent. And NASDAQ 100 up 1% on futures that's called a normal day. We really haven't seen that a good number of days, so maybe that signaling something on a veteran's day. With the bond market close. The last quote I have on 10 year yields static is a 100.9753 getting closer to that 1% level the lest curve steepening. We have On Tuesday. 10 was 1.6% 79 basis points on twos. Tens spread, the dollar is stronger. This has been an abrupt change from the dollar weakness of the recent days. Once again, I think of David Bloom, formally with HSBC and others that have talked about resilient dollar Will they win again? We had weaker dollar down to a 92 level and now 93.10 on DX. Why, in the polarity of it all, It's real simple. It's been strong in against weaker dollar euro yen. 1 24 05 in euro 1 17 57 really indicating the weaker your. I'm sure that John Farrell on mid morning matters with John Farrow. You'll see that in a bit here on television, and John will be talking, no doubt about the important speech of Christine Lagarde, which he took from French. I haven't looked at that speech yet because John's French is A little better. It's pretty good French French. Bonjour. They pulled me back in. I was told you struggling to time another 40 seconds. Let me get going. Be OK. Get your walker. You gotta walk. You've got this all over again. Would you get my walker, please? I've got to get over not complete..
"john farrow" Discussed on Bloomberg Radio New York
"Some of that payment went on things like food or supplies from home Depot where we're seeing, you know, sales rise. It doesn't mean that there is enough money out there doesn't know it doesn't is definitely not enough money out there. Even though I think the figure that was estimated 68% of the people who are getting unemployment, we're getting more than they made. On the job, but there's no evidence that that kept him from going back to work. There's just no jobs for them to go back to is the problem. And so if this continues, it's going to be a major hit to the economy and the eviction thing. You know, there's there's questions about what Donald Trump can do by executive order or not, but way we know landlords are already filing to evict people from their homes, and that only exacerbates The problem. It's hard to have a job if you don't have a place to live. And the Fed Mike kind of going to be status quo for them. They can't do anything. More interest rates are as low as they're going to get. And so the Fed is just going to be committed to finding ways to make sure interest rates are going to stay low. But right now, that's not a problem. It's sort of helicopter money, Mike. I mean, is there any possibility literally just dropping money from the skies at this point? If there's an anecdote that says the money is too heavy for helicopters to carry, But that's what we're doing basic mean. Helicopter money aspect of it is that the Fed would just buy up the bonds and get rid of them. And so there wouldn't be a debt level that didn't appear likely to happen. But the Congress is talking about just giving people money. That's what they did in the first round, and that's what they did back in. The financial crisis and the post financial crisis time as well. Michael Maki, Thank you. International politics and economics correspondent much much appreciated a lot toe happen over the next 24 hours. Of course, President Trump Promising to do something unilaterally if nothing happens, But of course, we also just got word The Congress can sue. The president now may not be on this particular issue, but appeals court has said Congress has the right To suit the White House, so we'll see. We'll see. There's a power struggle going on, and presumably something will happen before the weekend. So you know this morning all my John Farrow was pretty adamant that the president can do something, so I have to see how it plays out in the next 24 48 hours. Indeed, let's get some international national and domestic.
"john farrow" Discussed on Bloomberg Radio New York
"That took the wind out of the sale of the value trading and created a diversion to longer term winners to Mo mentum to grow style stocks once again anything that's what you're seeing is sort of just a pile into this. What do the other stocks do? I've been asking this all morning, folks. I mean, is great Amazon to the moon is John Farrow mentions, but Gina Martin Adams for the other 45 stocks away from these glory stocks. That are doing nothing. What do their corporations do if their stocks are laggards? Yeah, I think that they have to come out this earning season and really get some visibility into their long term growth prospects. I think one of the reasons he's stuck there working is because we have some visibility. We have no visibility on roughly 2/3 Of the S and P 500 companies have completely slice like identically virtually have no guidance outside of some tech, healthcare and consumer names. And the results of that uncertainty is an investors are extremely reticent to put capital to work in stuff that presumably could actually have a pretty decent recovery into 2021. So I think that's what this upcoming earnings season is going to be about is the companies that provide the visibility even if the visibility is not great in the short term, if they could provide some confidence that they will survive through that they have the debts. They had the funding. They have the liquidity they had the capital necessary to survive continual fits and starts with respect to the economic outlook in the short term, but could indeed thrive into 2021 as we work our way through this economic situation. Those are the companies and investors are going to get interested in. But we haven't heard a lot of that. We've simply heard nothing from companies outside of successes. And I think that that vacuum of information needs to get resolved over the next 4 to 6 weeks in order for investors to get more interested in stocks and mess. The other option, of course, is you could have another policy moves. I mean, there's a lot of people that are somewhat Concerned about what happens at the end of July, when unemployment benefits start to expire. There are some that it started to get concerned that the Fed is perhaps not done enough. The balance sheet is now reverting back to normal. Can they do something more? So we could very well have another policy implemented that could propel stock in some of the beaten down value High volatility group. Once again, I say that's an outside chance, and we more likely need to be earning story. But those are your two options. Gina. I love the way that you give some reality to what often is portrayed as an exuberant market that is just going full force into equities bearing no potential risk any attention talking about that the upside surprise on some sort of policy stepped on some sort of additional move from the Federal Reserve, which areas in particular do you expect to benefit most? If we do get a re upping of the enhanced unemployment benefits? If we do get some additional buying? By the Federal Reserve or expansion of her balance sheet. Yeah, like in that situation first. Thank you for the compliment..
Is Amazon making any money from Prime Day?
"Watch some in in London with this right now on Amazon prime day man John Farrow took me to task tide pods laundry detergent is usually thirty to fifty eight and they're giving it away to John for all right now for twenty two dollars seventy nine cents that's like you know thirty percent off thirty five percent how do they do that map block somewhere they make any money on Amazon prime day when John Farrell gets out the Bloomberg charge card yeah well may be known as much as they usually do but also I mean I think that's gonna be a mix of Amazon and the Browns and sells promoting the stuff I for me I think this these two days as it now is farmers and is much more about raising profile of the prime membership because there have been a whole bunch of studies that show that prime members spend way more on the platform the non prime members I think the last research I saw suggested was about fourteen hundred dollars a year on average for prime member compact about six hundred dollars for non prime members say the more people they can get state prime memberships is going to be better in the long term for business I think taking a beyond just the retail stuff when you've got this in the apple pushing into TV in the coming months you know it's kind of more important for the kind of broad a range of services they're offering to eat so Matthew I mean it's not just Amazon it seems like in a wal Mart's got a big sales day blitz target we know Ali Baba from China's got their singles day there's a lot of competition out there on the retail sales how does Amazon fairing yeah we can we can I think I think that they're doing pretty good mean I guess what yeah if you look at is in sales through the year Q. two isn't a big split it still key for whether you get that real big retell blip into Christmas I think this is kind of helpful for them from a kind of momentum perspective but it's not the be all and end all on us I think for them it's more about just kind of raising profile of the prime concept but overseas successful enough that you've had these big brown this Walmart and everybody else feel that they need to do something because that gonna suffer more pain from the success thousand jets if they don't do something so I think that's props more the sense of how the how much kind of retail foot full they kind of socket on these couple of days some of you I know it it's big here Amazon prime this big here in the U. S. gives a sense of what it's like in the UK and Europe so for sure you can yeah it's it's pretty big I mean you know over the weekend huge amount of advertising yeah on kind of radio print ready making people aware of these this couple days in the kind of office you can get I'd say let's let's say props on the continent just because you know Amazon on the whole kind of online shopping thing is is is a little bit behind as it as it often is on these things there were talking to Matt Miller in Berlin idea today and you know he didn't really get the sense of being a huge amount of promotion in Germany on this one so if official the U. K. as big a big deal let's say props on the continent but it's still important to their elasticity in raising the annual fee on prime I mean when the sell side or Bloomberg intelligence looks at what is it ninety nine dollars a year yeah I think you sound I think it might be a hundred twenty now okay so they can creep in it yeah right do we know where their limit is where the social women is on that price my answer is we don't have a clue I don't think we do I mean for so we don't actually know how many customers they've they've got on prominent I think lost it just pays a set the about a four hundred million globally so you know we don't have any talk the mystic modifications to me is still seems like amazingly good value now as a in the U. K. it costs seventy nine pounds for the year for which you get you
"john farrow" Discussed on WGN Radio
"Man, Robert Downey junior. John Fabra directed the first two I meant. Remember so distinctly two thousand eight. Battle that was going on between John Farrow, who directed the iron man movie and marvel movies when Fabra wanted Robert Downey junior to star in this movie Downey, who would do you remember? He's completely turned his life around. But back in the day at a history of drug abuse had a history of trouble with the law was not the most reliable person in the world, great actor, but not the most reliable person in the world, and pharaoh fought and fought and fought and fought to get Robert Downey junior that role which really turned his career around turned his life completely around when I talked with them both on the red carpet last night. They talked about it. I remember talking with both of you before iron man came out about. Your life and what you went through because you had such faith in the advert for that role now, look, counting a genius. What town eleven years later. Yeah. And now it's yeah, I, I think the ironman, Arcus complete and he's done us. All proud. What was it that you saw though that I mean like you really insisted that you needed? I asked myself at every day. You know, in success, search rewriting history. Let's be honest here. I did him a solid. True. But the other funny thing is and the reason.
"john farrow" Discussed on Nerd On! The Podcast
"And so for people who are invested in this. It breaks the universe little bit. Yeah. And so that's that's my first one, but I'll pass around. I have a couple like I feel like these are the main concerns and the thing is one of the big one when you're done. This is why I say, I just don't believe in critics any creek. That's listening right now is not you know, you don't represent all of them. But it's kind of like a as a majority of mass happens is like you guys stick to very small things and just generalize, and categorize LA things, and you miss analysis and miss the actual intention of the story. The thing about that. What made MC you so successful, the first phase of all the first, you know, kept America. Thor iron man, hulk their directors weren't big time directors John Farrow is like pretty, you know, well known now, but also at that time when he was making it he had like a couple of films not that may films under the new budget almost indie film. But the thing is that the writing team root wrote the characters in such a way that people fell in love with them. And this film in the sense is going try to the same as an origin film. However, the thing that separates this phase three to phase one. In film, is that at the end of every film with Iran and all the other ones there is a hard decision to be made. There's decision that can never look back and the world has changed. There is not a really hard decision for her to make the decision the very different because the story is from them men becoming heroes or God becoming hero, right? This is a hero becoming a human. The story is an inward introspective. Look at my life. Who am I was my humanities almost DC ish? Yeah. I love that. But the thing is at the end, she doesn't she fights the bad guy and save the day. That's what heroes do right. There's not like a. My love of my life is on earth in order for me to save the earth. I must destroy the only way it can get to earth. There's not a I must destroy my company to sack to save the people I put in danger. There's not a I must sacrifice the love my life to save the timidly for me the stakes were in high enough because our only context for the the scroll were just a few that we saw in the station and taking their word for it. And it didn't present like like any kind of danger towards earth necessarily. I mean, you could you could argue that like once they're done with with them. And now, they know where earth is. So maybe it's next on the list for the cre-. But. Yeah. It just didn't go. I mean, that's the thing. That's tough. Like the superman story, right? How do you make the world's strongest person have a conflict? The can't be they make the story about themselves coffers internal. Yeah. So it's okay. It's it's interesting in the sense. Like there wasn't like a duality. She must face like what if at the end to me. This is my right. Yes. How I would do it at the end. She's like with Wanaka Maria Rambo. It's like you can have a life here things will be great. And the Krisha be like, I guess we're gonna continue looking for a new home. What were the the career always gonna come and try to attack earth? And then so her decision would be like, I should go. I should leave everything I know to go help them. Yes. I have a question about because the the stakes and whatnot. I'm wondering while you guys are talking about this. Do you think that this movie fell victim? To being a when she's my words carefully almost insert movie. Meaning like, the MC you has some pretty big events that have been happening over the past couple of years of it's a one point one..
"john farrow" Discussed on Channel 52: The DC Podcast
"Again, surely her how how much more could be Taylor. This episode. Right. Danny. Anyway, looking Peter Peter calling Nathan one of as many boyfriends who dad. Will not so mysteriously. Vulture? I go, you know, what to do with AMA in the new spider the time hone spider-man's fishy. So young have a reason like boyfriends in been Tony just going to be like judging. No, did you watch the watch the trailer leaving talk about that last episode. I think like we're dealing to Spiderman or from home trailer. Happy. We're like flirting with each other. John Farrow gets Nola at that. We all decided on this. Weird. If she did have Tony. Yeah. I don't know if they're they're gone. The you know heaven pepper now so any pepper could fall off a cliff invite. I don't. Plus think this pretty sure takes place after endgame. So. Who's to say Tony stark makes it out alive? Oh, he makes it out alive. But he's gonna retire. Or something or maybe kill. One. What if you want sound too? That's going to free up a lot of money. Paying a Robert Downey junior. Far, we know of the next phase. There's nothing I remain deleting ways. I mean. R j just can't do it. I don't want that. Yes. To be alive in spirit in the universe somewhere. The new Stanley. You're going to be the one cameos. He's the elder statesmen MD. You mine. Road for something to do. The streets. We all know these streets. Inoue? Yeah. I like the end of this issue a lot. We're. Where the arms comes with Android. Be concise like skipped over like. The eighties cliches like doc, his gang, robbing a Bank and then crashing. Is there any of spider man's villains? Back at this point to hadn't like trash, the daily bugle city room at some point. No, there was not. Okay. To go with it. Stocks week. Okay. Everyone. Hello. All of your must have health insurance. We've kind of made actions assessed that a little bit. Charlie were apart. But. Who I mean for coats in the eighties, really? Weird way to start started. If you. Yeah. Seeing it off the truck saying. But yeah, no, just like the end of this. No Spiderman tracks down off in the knock thinks battling his robot. Until we start talk spider talk. And he's like. Freezes? Hansen's hanson. Sure. Wonder like the trucks, I know the bridges and some other things are thing. So random. You think something would have come this? Spiderman just trashes Spiderman robot. He's looking to keep it for special occasions superman. You know,.
"john farrow" Discussed on Bloomberg Radio New York
"Dodgy dice. It's a big one three hundred four thousand jobs. John added in January three hundred four thousand almost twice what economists were forecasting the prior month. Doe revised a bit lower to two hundred twenty two thousand unemployment rate bouncing up a bit. The four percent. The payrolls the unemployment rate. Don't always move lockstep average hourly earnings month over month. Disappointing up just point one percent year over year holding steady at three point two percent. So again, the headline number nonfarm payrolls. Topping three hundred thousand three hundred and four thousand to be exact January unemployment four percent. This is Bloomberg radio. Let's go back to New York Vinnie. Thank you very much and futures bounce off session. Lows on the S and P five hundred almost unchanged on the S and P five hundred at the moment after being lower by ran about a third of one percent, and he FX market. That's all it was a touch softer as well. It stays weaker by roundabout eight tenths of one percent. And then the bond market responding to a really big payrolls. Number up across the cafe, Tom just bought basis points or so no trauma. But Sunday that is a big drama in mix. But you'll you'll love the big number, and I've got a revision of almost one hundred thousand I'm looking here. John for the some revisions. What are you got you're waving at I just want to go through through the sponsorship, Tom. Oh, please go to remember that the data is brought to us by Commonwealth for rethink cutting. The number one hour broke data that JD power has named passed an independent advisor satisfaction among financial investment firms five times in a row. Learn more Commonwealth dot com. I just got different went to Vinnie before I read that because it was just such a big Jim Glassman within. This help us with labor force change six hundred thirty nine thousand one hundred and twenty seven thousand four hundred nineteen thousand a head and we finally get flat a little bit negative on labor force change. What is labor force change yet? Jim glassman. I think I'd be careful with these. They do population adjustments. Thanks tend to break in January. So sometimes looking at the change in January is misleading. But I think it's you know, what probably what's going on. Here is the strong markets. Pulling people back in we're pulling people into the labor force, which is why didn't go didn't go down when you had strong job growth. So I think it's I think it'd be careful with the household survey report in the month of January when you poppulation breaks earning year-over-year wage growth, three point one eight percent rounded up three point two percent. Not much movement there. Right. John Farrow much movement. It's hotel. Anything else? Jim. No across the board. Good job gains industries in this John Farrow mentioned churn to the market. We are negatively fishers. Come back a little bit negative earlier. Jane Foley, joining us now from rob a Bank. We really wanted to do this two fold in from the job economy over to all else, we see. And of course, this is off of what we heard from Jim Glassman, and Bruce hasn't been his colleague at P Morgan about the importance of the Powell meeting. Jane Foley, get us from the fed meeting to this jobs report to how you're gonna Frayne February given what Powell said and given what this jobs report says. Well, of course. Report. I mean, if your disappointment here, it is with the hourly earnings she said, it's fatty flats months to month, a little bit disappointing note point one percent course that perhaps as allowed pal allowed at the other FOMC officials to be a bit more relaxed when it comes to fed policy. Now, they stay a lot of cool set since they started with this economic cycle and yet. Not inflationary battle the hourly earnings number two wage inflation really never took up a lot of traction compared with. Make cycles and therefore step. Back from from hiking interest rates. Now, you can send you frame, even when we've just seen in terms of the fed being mover, lack folding Powell the jobs report the claims number of weeks ago with a dollar call all of our listeners, particularly well global listeners, but particularly across America, see, huge indecision or ambiguity and people's dollar. Call report can rob a Bank be bold about a US dollar. Call right now. Well, I think when we talk about the we've got to be really careful to talk about it in the context of the time because if you think about what the Powell the fed has done this week, if you think about that in contrast to the position that they have to November they've really stepped up they become much. We'll dovish than they were. And yes, you can isolate that and said, well, surely that's a story for for the daughter. The market is no longer pricing in interest rate hikes, in the way, they were just a couple of months ago. However, we've got to put that into what's going on. And look at what's going on in years. I look at the exact market step back in terms of expectations about DC. It's it's the salary. Not look certainly Donna fundamentals, but you've also a sorry not looking in terms of out sweaty. Yes. Okay. So that the dovish fat is a shot in the arm perhaps to expectations and Miscavige. You've got slowing. You've got various big forecast is warning about downward revisions to global growth, but the trade will still you've got Europe slowing is that a positive environment protection emerging markets. I know and as a way to say no to that. Then it's very difficult to really believe in a very bearish pitcher for the dollar. Well, I mean three month moving average. I'm trying to get it up here right now, there is two hundred and forty-one thousand I mean, Jane, it is a job machine right now in America, two hundred and forty-one thousand three months moving average of jobs from where you sit looking at America. How alone are we in our job excellence? Well, it's pretty good. And again, it again, if you compare that to the data today to that we had out of Europe today looks like Italy again in recession we've had a lot of disappointments from Germany in the last few months Europeans. Why we do? European businesses worried that if China agrees with Trump and decides to. Excellent european. European jobs. They're going to be lost. As a consequence of that. There's an awful lot of headwinds sweat. And that is the context of what you've got to see the man you got to see it in in terms of the salary elsewhere as well, if you're just joining us, Jane Foley, rob a Bank thrilled. She's with us today. We wanna go little international off of the jobs report. Because what we saw from chairman Paul this week. I really want to emphasize folks, our sitting on our moving averages three months moving average to forty one six month moving average, roughly two forty two twelve month moving average something like two twenty four. I'll get those numbers better in a moment. But that is a job-creating machine. America, you mentioned Jane, we've got a real slowdown in Europe. And then there's John Farrell mentioned earlier, we've got this huge oddities of Japan. Are you walking into rob a Bank every day in London, just assuming global disinflation? Well, it's very difficult intended Japan for them sent to try and create inflation liquid something like two point five four vacancies to every job seeker, and yet they cannot create any wage inflation. Now, there were lessons that I think for the rest of the the detect they battled trying at create wage inflation for longer than most other g ten countries, but it is a trend everywhere else. And again, we see this in the Pavos data today, despite amounts of jobs have been created. But does that Virginians day? Well, it riders no point one percent. And this is something I think we can take heed from Japan and juggles, this is a theme in terms of the Japan. It is difficult for them to create inflation expectations energy create motivation to see, but perhaps not. And and I think this isn't something which is just which is going to pass quickly. It's a structural thing. Many reasons whatever. The station. And this is something which I think police makers really have to try and facing and and. Wage inflation that we need. Jane foley. Thank you so much for being with us today. She is rob a Bank wonderful ever with us. And we're gonna continue a Jane Foley. There's a headline coming out, which is exceptionally important headline within the history of our international relations in the United States United states withdrawing from nuclear treaty with Russia. Trump says this is the United States. This is the headline from boom, Bloomberg this has been widely anticipated. But there is the headline US withdrawing from nuclear treaty with Russia. President Trump says are Michael Mckee with a visceral knowledge of this. I believe Colin if you could effort, Mr. Mckee that would be a good Mr. Mckee with Gorbachev. And Reagan at Ray Vic years ago decades ago, I'm as well say, and here's a sea-change announcement of the US withdrawing from the nuclear treaty with Russia will have much more on this. Let me get back to the jobs report with a little tick. Yup. And jobs. You heard Jane Foley focusing on a tepid monthly wage statistic. Which within the numbers comes out to? Okay. Yearly data futures up four. Dow futures up seventy two a little bit of a turn to the market. But boy, I'll tell you the Powell reset on yields is a story of the day, even bigger than the jobs report. Let me run through the three yields of the full faith credit u s two point four seven and the two year your ten year benchmark two point six four and the thirty year bond, which frankly, folks, I've been watching a lot with the Dow ten thousand three percent kind of thing to four digits two point nine nine five six. So we just below three percent today on the yield and thirty year bond with that you get some curve steepening, which is a little bit unique again coming off Powell not jobs report. Gold up to thirteen twenty six as well. Then Jane Foley space yen one zero eight ninety seven euro one fourteen. Seventy again, the.
"john farrow" Discussed on Bloomberg Radio New York
"Here's David Westin. We're going to return out Davos, where our colleague John Farrow is joined by South African Reserve Bank. Governor the set you can Iago the antsy and narrow election manifesto talked about a flexible mandate for the South African central Bank. Meets. I don't know. What do they mean? I know what it is. About it. Have been has been practicing flexible inflation targeting things that I've been of inflation targeting exercising ability. We used to have inflation targeting framework. What was called the escape clause? We subsequent replace that escaped. Most with an explanation laws, which means that the central Bank has continuously explained the essence that it has taken and any deviation from the inflation target the central Bank bus when they expect when we expect to come back within. So that's your interpretation of the mandate. Okay. I'm just wondering. Whether you're dependence is once again coming under threat a little bit. Do you feel that way is that your perception of events in South Africa? It's sort of and killed the president and the minister of finance came out very strongly and said that the independence and the Monday of the Reserve Bank. If you're more interviews like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Surveillance alive from the World Economic Forum in Davos, Switzerland..
"john farrow" Discussed on Bloomberg Radio New York
"IB to learn more John Farrow of the Midland's, why did prime minister may go to stoke on Trent for final stand with the west Maitland's overwhelmingly voted to leave the European Union account. Remember the numbers specifically. But I think he said seventy percent. Well, I think more than that if you break it down into the individual areas, I think thirty individual areas in the West Midlands, and I think that's one thousand nine of them voted to leave. This is the former industrial heartland of the revolution that goes back to the Victorian era. Tommy goes back that far we're talking about cities like Birmingham, Coventry Wedgewood. She's trying to say, basically, the what they voted for is at risk that. We don't face the risk of leaving with no deal we faced the risk of leaving a toll. That's what the prime minister is trying to say today. And that's why she went there and shows that audience banker, and he's this jump to that with our five things you need to know Bank earnings. I thought we heard from a friend over KB w nicely on that. What are you looking for from Citi group and the rest of this week? The twenty nine story and how big this Bill over was from December and four q two this year. We know last quarter was bad. We want to know what the outlook is for this show. I want to know when the right sizing happens. I just haven't seen enough. This ain't working we got to fix this. I mean this far on Tom. Are we still talking about that? I think was the signal. The message that comes from that. Right. Sizing at expense us all of our listeners can do this walk by a Bank. How many people are in the branch start there? You want to on the retail side of things. You're right now, you're in London right now tell you what to do with lunchtime governed find a Bank, and then finally someone in the branch finally someone in the Bank. You will literally find about two people Tom because they've all been replacement machines and your experience of UK British retail banking. I'm sorry to say it's going to come to America pretty soon, and it's not pretty for the amount of people that are working in these banks. Tom is interesting actually is the theme of Davos digitisation of banking in financial services. We gotta go to sports first of all John. I know you don't get this in translation chiefs patriots will be magical. I'll be watching at twelve forty AM Monday in Switzerland. And it's the old guard grizzled quarterback. Everyone hates his name is Brady. He's some Boston team. John and the chief. Chiefs out in the Midlands have a new quarterback who's young and vibrant in the psych central casting couldn't make a better game. So when you were watching the primarily carlights yesterday, I've Manchester United taunt you'll be very proud that. I went to the New York Knicks game Tom did you went to the Knicks game? And I'm guessing by the odds they lost. They did lot. Ladies they lost to the seventy Sixers and Jimmy Butler attitude was just ripping across Madison Square Garden. What did you take away from that the Knicks need to spend some money? Maybe. Okay. Now, there's a Darby, but it's not really a Darby arsenal. Chelsea next week. That's like a big deal. London is a Dhabi for London. But it's not a proper London down west London versus north London. Thank prefer London Darby, which is Spurs arsenal. One of our celebrities from Italy's offspring goes to school with alleviates yards. She says the viewers soccer Jerusalem star. She says the guys treated like a rockstar, and these guys are God's aren't they they they really are. Identifies you root root is rockstar..
"john farrow" Discussed on Bloomberg Radio New York
"In London. Good morning everyone. Tom Keene in London for a week of wrecks. It will be on the green tomorrow Westminster before that critical vote a constitutional vote almost within the United Kingdom, certainly all experts suggesting prime minister may will go down in flames tomorrow. And then she will pick up the pieces as she said earlier in the Midland's of John Farrow, here and happy United Kingdom. And of course, John Farrow in New York as well, John. Good morning. New John look at ten spread flattening out not to record flatness. But we're getting there, aren't we? Yeah. We haven't had the stationing even though risk appetite has improved three twenty nine hundred. And we haven't had the statement in the in the yield curve, Tom. We can talk about that later. We will do that right now the Bloomberg NJIT stem report brought to you by New Jersey institute of technology, one of the nation's top technological research. Universities a leader in nexgen stem workforce. Development. Learn more at NJIT dot EDU. Here's Bob moon. Tom Jonathan good morning. Here's what's making news in science, technology, engineering and math, just how sharp are your eyes. I there was ST standard definition, then there was HD high definition and then four k digital video with a horizontal resolution of around four thousand pixels state of the art not after CAS twenty nineteen the Consumer Electronics Show in Las Vegas, eight inch Q LED eight K it's from Samsung Paul gray with IHS market says the upgrade brings an even wider field of vision. You have sixteen times the number of pixels in K. Just imagine what you'll be watching. And yeah, you're going to have to imagine because there isn't really any content outside of Japan. Japanese broadcaster NHK does plan a massive upgrade with eight K coverage of the twenty twenty Olympics. Walmart plans to hire two thousand technology experts this year to support its efforts both in stores and. Online data. Scientists software engineers designers and others to work in nine offices from Silicon Valley to Banglore WalMart chief technology officer, Jeremy king till Bloomberg television, the hiring binge will support. Walmart's efforts to expand its online business and expand in store technology such as robots that scan chills. The robot can go down the aisle and spot an item that is out of stock on the shelf or misplace on the shelf. And then assign a human the common deal with that situation. Either pull stuff off the top rack or or out of the back..
"john farrow" Discussed on Bloomberg Radio New York
"Thank you. Thank you very much. You have had the sports. You've had the news. Here is your price action. This Friday yesterday a big day of losses this morning. A whole lot better futures up thirty three on the SNP positive by one point three five percents in the bond market treasury yields yesterday lower much lower today, we are higher by five basis points on a ten year two to sixty. From a road headquarters in New York. This job say, John Farrow and term keen, we're live from the Bloomberg interactive brokers studios, we say good morning to all of you coast to coast and worldwide, the Bloomberg NJIT stem report brought to you by New Jersey institute of technology, one of the nation's top technological research. Universities a leader in next gen stem, workforce development. Learn more at NJIT dot EDU. Here's Bob moon. Tom Jonathan good morning. Here's what's making news in science, technology, engineering and math, sure, you can order lots of food on your phone. But what if you just want a snack considerate? The cutting edge version of the vending machine PepsiCo is testing away to bring snacks directly to college students. The chip and beverage maker says it will start making deliveries with self-driving robots today at the university of the Pacific suits will be able to order chips and sparkling water on an app, and then meet the six-wheeled robot at more than fifty. Locations on the Stockton, California campus PepsiCo says more of its customers want a convenient way to buy snacks on their phones Holloway until you can just push a button on the TV remote and have them delivered straight to the couch. Speaking of which please put your three d glasses on now. Okay. I know this is radio,.
"john farrow" Discussed on Talk Nerdy to Me
"So much stuff to watch. There's only so many hours in the time or hours of the times. Personal bit earlier plaintiff. There's there's only so many hours of day. The world is just perfect blend of comedy Sifi. Any good thing is not like set MacFarlane like hard core comedy were is not family family guy or the or American that comedy. It's it's it's a good. It's a drip in hoping that seats new the second season they would slump. Yeah. They did the first episode you're gonna like it. It was really good take-up pickup Orville, it's beyond Lewis. I don't remember box originally if not the player who watched. That's how lost your day or two after watching tonight problem. You wanna you wanna? Oh, yeah. Oh, so. John Farrow is directing the new show coal demand Laurien in he's pretty much just been like giving us backstage like like teasers for on his Instagram, and he just released a, okay. So he released a photo of apparently should be ninety eight now. Now, as we don't know if it's the actual eight or if there there's there's a couple so there were series. There's a series of joys that there were abounding hundred droids or that they were about under, but they were like killer droid Soviet that. So it might be the actual idea date, which is gonna be kind of interesting because I t's like AP. So I'm and I wanna see if like if there's gonna be a practical, but he just took a picture of and the internet exploded because like grew up ago eight now of I don't know if you do this to my team building an idea eighty and so I should. Yeah. So I mean, that's when I was sitting like oh. If he brings out idea need, or even if it's an ID eighty seven or just whatever different kind of model or whatever. But the same kind of concept because if it's the men Laurean Lauren's about one hundred you give me a picture of ninety eight Jaydee. What's bounty hunter top five unders? Yeah. I mean, he was right there in boss Boba four Lomb for long. Never remember, the fifth men. I tall. They him on lower level in that shot, actually. So if you pin back on he's standing back there so tall. He's standing couple like flights down and. That's right. Never member that the only reasons because I finally completed my black series of all south again. Idi in creek until Boba fett caught him on cloud city. Ovitz. Brought the only good dig at ide-. Yeah. By eighty eight if you actually. Read the expanding universe or ruler that others. I really go argest Gould idea did history..
"john farrow" Discussed on Talk Nerdy to Me
"I mean, I think I think they're running out of my in Hollywood. Because I saw that. I'm like, really, you know, okay. I'm a child of the eighties up in the eighties nineties. I grew up with Robin Williams, Robin Williams will always be genie. I straight up say that you know, I love Will Smith. I think he's an actor. I is just you know, I, I know you're you're trying to make money but come on. I mean, if you put just go too busy screaming, let your kids watch landed. They'll be fine with if they don't need a live action version of land for God's sake. They don't they don't need it. This the new trend everything has live action. I don't I just I just saw Mobely on Netflix. Get us. No. It was it's it's like they just read from the job. The of what from years ago, John Farrow, did right? And they just read rebid. Hey copy, my Homer, but change a couple of days. But it's it's it's it's it's an old book. I think the book was Niger has changed since stuff around. But you know, it was. But even then it was kind of knew what was going to happen. Yeah. So it was it was okay. But I'm just really I I guess I think they're lily ran out. Well, I'll be like he really fall nitwits for trying his Netflix, try be their own gonna you know, they have so much stuff. Coming outs. Oh, much stuff coming out and talking about the west of coming out the thing I watched over the weekend. And I think he wants to was banished all the new black mirror the new black mirror. Okay. So amazing bis. The funny thing is okay. It's not a movie. Okay. It is a movie, but really as long as all depends on on what looked happy twos. Because you can it can be done in ten minutes. Technically, actually the first run through the guy died quick yet. Yeah. Okay. So does explain matters such an if you haven't watched black mirror star from season like four so that if you if you like especially like that the Star Trek one if you like that one just watch the rest of ice seasonable that was like outlets his black mirrow about and I watching I completely looked at. It's all insane is all technology, screw people over type thing. And if you will, you know bender snatch is pretty much. It's a choose your own adventure movie. Like little books used to have a kid. Would you want to go to page twelve is actually? And of course, you always peak is never mind wanted to. And that's pretty much the movie is is try again, and it actually, and it's it's so interactive and the I think the actor also interacts with you, and you actually interact with the actor. It's it's pretty crazy. I mean, it's it's it's a cool new technology. This is something that you can't like watching the background planet phone you. That's what I try several decisions along. Yeah. You bet you have to you have to decide what cereal eat it, which is funny because if you watch if you pick what cereal he's gonna eat that serial those commercials commercials of that serial will replay throughout the dare moving or different sections. And it's it's it's pretty nuts. You need to check it out because I think it was really good. It has to be immersive. Because the the one time. I mean, if you want you could be done in ten minutes, but it'll kinda tell you, you know, like, especially Lijun, go back and make rows Zoback different choices if he died or you know, what your end goal wants to be. So I think the really cool. It was really cool like the law. What Netflix is bringing out some pretty good stuff in. If you've been on the. The internet in the last couple last week. If you haven't seen a bird bird box beam cheese..
U.S. Nears Bull-Run Milestone
"Negative, it's an? Interesting market isn't it Tom record bull market run depending on when you think the bull markets dancing and then just a record, high in yesterday's session a record high that not many people really discussing because which, rounding in politics again Well we we I mean it's news and again for our, global audience historic moment of this for those of a certain vintage is just unreal I mean it's just extraordinary for those of us that we're in The mistake made in markets being conditioned by previous events I mean there are, so many analysts and strategists investors still conditioned by the. Financial crisis, and they, missed. A ton, of upside because of it totally agree hundred percent agree And He's just not that I'm going to make a call in the, market but I will say, John what was the market reaction back to the? Instances you just, alluded you're going into a recession, in we didn't realize the amplitude of the collapse of manufacturing. America but, again from a political oversight, over it wasn't. Linked. Okay in my, opinion it wasn't like As seventy four, things are loud Points out that they are extremely empathic parallels to look. At Nixon and the seventy degrees and if you wanna decent explanation as, to why they were so different forget the politics and just focus on the economy in the one thousand nine hundred fifty s Let me in the nineteen ninety one hundred percent agree and that's why you have different outcomes But. Also the correlate of nature is tighter to. GDP nominal GDP, and such versus the political Mellstrom there's no question in my mind on that and right now you know to, borrow. A. Phrase from a guy who lives. Over above the Gucci, stores to make America great economic yeah At the moment at the. Moment the volatility in, the extreme headlines on the front page of the newspaper don't infect this bull market too much futures. Are Dan just four on the s. and. P. five hundred, Dow futures negative just twenty three NASDAQ one hundred features pretty much unchanged we down just
Eli Lilly to take animal health unit public
"Good morning everyone Pimm FOX, and Tom keep from our studios. In your John, Farrow down, in Washington ninety. Nine point one FM he's gone off to his other franchises Pinhas other properties is they say His, other property, doing TV show right now is a good thing. Talking about Turkish lira crushed Turkish near a four point eight nine week. Or Turkish lira they didn't raise rates renmimbi a little bit weaker swell lifted the market futures up. Ten pin what are you. Focused, on well since you mentioned Turkey I was, interested in, the. Exit of mess at Osceola from the German national team football soccer team very good soccer. Football equals the same. Thing in some places he said that. He quit over racism and disrespect Yeah, he said that when. He wins he's considered German when, he loses yeah, he's considered an immigrant and this all had to. Do with a picture in which he was standing next to the president of Turkey used to air to one in the news today again Turkey with the new regime the new financial regime Turkey saying no we're not, going to raise rates and police, a market so the lira. Weakening out as well we've lots to talk about. This morning right now were their equity. Report we value David Wilson David elite with alphabet you got something better alphabet is as I mean the shares are up four, and a half percent remember. They have two classes of stock in the s. and p. five hundred and indeed the owner. Of Google reported second quarter? Earnings, revenue that beat the, average analyst estimates in a Bloomberg survey in bear in mind they came up with the profit figure, that omitted, the record five billion dollar fine imposed by the. European Union even after that penalty alphabet made money In the quarter they have Verizon of two percent the mobile phone companies profit and sales last quarter surpassed the highest estimates, subscriber growth also be projections, and Verizon raised its revenue forecast, for, the year and we should note AT and t.'s results, are due out after the close of. Course they're the biggest US competitor of Verizon and that stock up about. Three quarters of a, percent at the moment. Verizon one of three companies are, the Dow Jones, industrial average to report the others United Technologies we. Know them for jet engines elevators other products there little changed in early trading and three m dowana half percent even though they're second quarter results were just ahead of estimates then you see the effects of higher commodity, prices on a couple of companies, one of them whirlpool down. Ten percents in early trading the appliance makers second. Quarter results missed projections and Kimberly Clark Tissues diapers. Other consumer products down two and. A half percent they, cut their profit forecasts for, this year to reflect commodity costs as well as currency moves Lockheed Martin by contrast up two and, a half percent the defense contractors second quarter earnings and sales beat estimates and. They're a, full year profit forecast top the highest projections so they're doing well then you turn to pharmaceuticals. Biogen up seven, and, a half percent he drugmaker beat second quarter profit and revenue forecast and raised, its full-year. Estimates ally Willie's up three and, a. Half percent they're spinning off their animal health unit at Lonzo either side to, do it after a months-long study lily second quarter results beat. Estimates as well then you had a take under you might say the banking. Business right Sino-US finance based in Georgia they agreed to, buy Florida's FCB. Financial holdings were two point, nine billion dollars Stock both companies shares taking a head sign of us down seven. And a half percent and FCB lower by, eight and a half percent Quest Diagnostics time about. Stocks are down lower by five percent revenue at the clinical testing company trail the average estimate. By the most more than five years earnings also miss. Projections on a couple of, notable gays to finish this off Tom public group up seven percent the advertising company raises. Full-year revenue forecast after. Second quarter sales topped estimates and we've seen disappointments in that business. From Omni com as well as Francis Publicis Groupe so a real contrast there and Harley Davidson you may recall President Trump. Calling them because of their plans to move production stocks up four percent in early trading earnings for, the second quarter unexpectedly rose revenue topped with. That said they did cut their profit margin forecast, for this year, to? Reflect the tariff imposed by..
Netflix plummets as subscriber growth slows
"John. Farrow in New York I'm. Tom Kean in London in between us we have. Eight net flicks accounts we tried to get rid of them as. Best as we can different people keep signing up using art. Names and that's on Netflix has. Done it until yesterday the stock down over fifty dollars call a. Twelve percent. Right now Joins us from LeBron. London is we look, at. The end of net flicks, is we know, an. And I just did a two standard deviation. Chart net flicks is such. A juggernaut it's not even down to resistance it's. Amazing it's pulled back twelve percent this morning and it's still within trend his the bat been broken of net flicks is unreal. Bull market is this just a. Quick blip along the road or is there something different this time I, think what we'll have. To see is one of. The results that come out from the following quotes? Mean it's always dangerous taking one quarters Results, and then extrapolate move across. Having said that there will be some particular points of concern for people in terms of longer term story berry mind given the market cap stock Four hundred fifty million dollars you really need some punches sumptious both in terms subscribe because as, well off, because moving forwards to justify Now I think people will be particularly concerned about this the courts to subscribe Which is not great then the tweet subscriber addiction, doesn't look victory fantastic Come back to this point before it's the the the argument that, Netflix has that impacted. By the fact of a lack of new. Shows What is it suggests that they have to continually invest in very expensive very costly drama which quite frankly nobody knows whether, we'll be showed to keep that subscribe of immense and the rest of the the package Just doesn't seem good enough to watch she gets to subscribe Then some expecting out. Down the street so As I said I won't call numbers let's not put it into. A trend if this Qatif the next quarter. So I think people would be very wide so let's talk about a couple of things in the first point, you've made as the as the quarterly miss and. I want to talk. About the communication Rian we didn't just miss we miss by. A million subscribers when you miss that big typically something's gone wrong with communication both from the company towards, the street and just the general visibility internally how if they got it this wrong. In I think they they probably a. Company doing what you. Love you look at the trends that being going on both. In, terms all q on q and then year on year you'll take of you on that you'll say, since of all markets than you in previously Suddenly you become all the more productivity growth as well I think therefore full of things What extrapolate from that worn either the growth markets hasn't been is good as they expected all they've. Seen more weapons to slow down Markets both of which is obviously of a Boeing trend. They might argue that the World Cup is having, the fact in the sense that the World Cup probably was much better received competition. The many would've expected, the star, of, the tournament and. I think that will probably be the main line of defense
Stocks drop broadly as new China tariffs rekindle trade-war jitters
"Fox in for john farrow tom keene in london we are two hours away from the opening bell on wall street let me get you updated on the news that you need to know at this hour investors around the world are selling stocks after the us fired a new shot in its brewing trade war with china the trump administration releasing a list of two hundred billion dollars worth of trade tariffs on chinese goods china is vowing to retaliate no details yet as to the exact nature of the retaliation and the bidding war over britain's top paytv company it is increasing as the bid for twenty by twenty first century fox's increasing for sky tv at values the company now at thirty two billion dollars that is twelve percent more than the offer that was made by comcast of course they're all in a bidding more disney comcast for those assets of twentieth century fox and trench coats not loved so much the shares a burglary falling as much as five percent in london the luxury goods makers saying that revenue rose just three percent in the second quarter as it trails rivals in the all important china market all right it's time to find out what's going on in the world we've got to mr michael barr mr bar tom thank you very much nato secretary general jens stoltenberg says he agrees with president trump that nato allies should contribute more to the alliance in terms of defense spending but he also defended nato saying that there is strength in unity and while talking to cnn ahead of the summit stoltenberg was asked about his earlier breakfast meeting with president trump extent orange juice toll stunts all fruit solid on good breakfast.
Aramco is world's most profitable oil company: Bloomberg
"And on bloomberg tv you can of course read this on the bloomberg terminal the aramco accounts inside the world's most profitable company a stunning stunning pace this morning tom to go with the news well there's a huge news flow but this this is an investigative piece really resets any debate on global hydrocarbons and we congratulate our team on that effort futures up six ten futures of fifty eight vic showing the good week john farrow's losing money twenty one on the viks down eight point zero nine point four zero points stay with us this is bloomberg if you run a small business you know there's nothing small about it dell's small business technology advisers are here to help with solutions tailored to your business get the latest technology like dell laptops with intel core processors plus with free shipping and a price match guarantee you know you're always getting the best deal talk to a dell small business advisor today at eight seven seven by dell that's eight seven seven by dell.