this weekend by u.s. ambassador nikki haley which was heavily criticized by the kremlin. the washington post reports sanctions were under consideration but the president did not give final authorization. the speaker of russia's state says next month, lawmakers will review a bill on conversations against the u.s. he told reporters the proposed bill was already sent to president vladimir putin and other russian officials. sean hannity says michael cohen, president trump's personal attorney never represented me in any manner. his comments to his radio wasence came after cohen forced to reveal he secretly had done legal work for the fox news anchor. updatingcould soon be authorization for u.s. military action in the middle east after president trump ordered those airstrikes against syria without congressional approval. a draft to define military goals in the region reportedly could be introduced today.

global news 24 hours a day on air and on twitter powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. bloomberg technology is next. ♪ emilycaroline: i'm caroline hyd. this is bloomberg technology. coming up, netflix sets the bar, leading the charge for the next quarter of big tech earnings. we will break down its record-breaking scorecard. plus, after mark zuckerberg's marathon session in washington, he has another date with the top eu watchdog. what to expect from this week's big meeting in silicon valley. and, the u.s. supreme court

prepares to revisit a 1992 decision that could rewrite the rules for the tech industry. etsy's ceo joins us ahead. first, to our lead. netflix shares surging in late trading after reporting it strongest start to the year since the company went public. it added 7.4 million subscribers, beating the estimate of 6.4 million. netflix now has more than 125 million paying customers, the most of every online tv network. the companies the best-performing stock of the entire s&p 500 this year, proving one quarter at a time that investors confidence in its online tv service has been justified. joining us now is paul verna, joining us from boston. with me from london is henry lane fox, ceo of a venture capital firm specializing in startups and seed funding.

i will turn my attention to paul first. addednumbers, subscribers , prices going higher, what is the secret sauce? paul: i think it is content. they are making shows everybody wants to watch. as long as that is the case and people want to subscribe and stay with netflix, it has been an amazing story for them. caroline: an amazing story they have continued to be able to show that as they expand their user base, they are able to up the prices consistently. are you expecting the sorts of heady heights, the amounts of numbers they are seen, the revenue they are bringing on to be able to repeated quarter after quarter? paul: i don't know if the kind of growth they have posted the last three quarters is sustainable on a percentage basis. i think at some point, they reach saturation and they get to can'tt where they really

post those kinds of revenue increases every quarter. but, i do think that as long as they keep making these great shows that people will continue to tune in. they still have a lot of international expansion ahead of them. so, they are on a good track. they are not going to sustain these kinds of numbers forever, but they also -- i think anyone waiting for the other shoe to drop for netflix will have to keep waiting for a while. caroline: this is phenomenal user growth we are seeing. content is king. can anyone play catch-up? henry: i think it is interesting to look at the landscape of people who might yet find a way to compete with netflix. amazon is clearly one company which has invested very heavily and original content. has a lot of data on users, very big distribution channel. i think it is an open question on whether anyone will catch netflix. i think it is interesting to think about how disney might find a way yet to compete.

if you go forward in a couple of years in and imagine n imaginary world and disney goes live with it streamingyears in and i, bringing its historical archive, high-quality production focus it has in the movie sphere, and the ability to weave in merchandise in a way that netflix has not yet been able to do, it could yet become a competitor. caroline: fascinating points. where are you see a the competitive landscape? do people just have more subscriptions to more different types of products or is it a winner take all expectation here? paul: there has been a rising tide with more and more subscription services and more spending on them, and no sign of that slowing down yet. like everything else, that is not sustainable either. i agree with henry that competition is coming from all quarters. fox and disney, big competitors,

especially if they tie up. you do have amazon, hulu. you also have potential competitors like apple and facebook that really have not tipped their hands fully in this game yet, but once they start, they have the kinds of budget that netflix has been throwing around. they have the expertise and relationship. they could also give netflix and serious competition going forward. caroline: talking about how the share price has performed and whether the competition there -- i am diving into my bloomberg if you want to look yourself. you can see how netflix has left the rest in the dust when it comes to share performance. they are in the yellow. we are seeing a vast outperformance by the likes of amazon in the blue versus the likes of alphabet in the purple, apple in the pink. henry, what about the world you are looking at, the start of world? are people try to emulate what netflix does on thie

subscription model in anyway? henry: we look at the whole of media. we do see increasing numbers of subscription models across all different media format, from traditional press publishing to ,einventing audio, podcasts right through to film and tv subscriptions as well. i think there is a huge allure in subscription models from an investor perspective. they are very predictable revenue sources. at the same time, there is a very large barrier to entry as becomes clearer that extremely high quality production content is required to lure people into these packages. it is an area we are seeing an enormous amount of activity. over the last five years, people have tried the content but failed. i think consumers are beginning to understand there is a proper

value exchange in being a customer and not a product of the services. i opteften cite the guardian media group who is having a strong subscription increase. i think there are opportunities not just for new companies, but traditional media businesses to reinvent themselves. caroline: that is interesting. -- you'm also looking at said anyone who has been betting against netflix is probably going to continue to fail in that respect. i'm looking at short interest in netflix and that continues to tail off. if you go into bloomberg, you can see in the white line how we have seen an upward trend in the netflix share price, but the blue line, a continued downward trend in terms of short interest, 4% that is currently shorted. do you remain iout the game if you are going to be a bear o n netflix?

the you think this is a bold view of the world? paul: i think netflix always has and is still playing the long game. one thing that is interesting about content libraries is they are cumulative, they build up. you invest in content and it is always there for you to return for you. a show that is popular today may go through some ups and downs, but eventually people go back to it. they wanted to into the next season. i think netflix has been doing that very well, building interest and retaining their customer base. as long as they keep doing that, they may have some ups and downs in future quarters, but i don't see the story changing for the worse unless really the market underneath them tanks or something drastic happens to their business or the content. but, it is really -- as long as they keep doing what they are doing, they are going to keep succeeding and they are also going to have that back library to fall back on. caroline: biggest

first-quarter. able to up prices and subscribers. a heady mix, and even an upgrade on their debt rating. fascinating. verna, thank you very much. our guest post henry lane fox will be sticking with me. now, verna, thank you very the s commission has announced a $40 million settlement with mobile u.s. it is over accusations the carrier made it seem outgoing calls were ringing at their destination when they weren't. t-mobile u.s. said it violated a falseion i inserting ring tones. it injected the false ringing sounds on hundreds of millions of calls. why? the calling party believes the phone is actually ringing, when actually it is not. as a result, the caller may hang

up thinking no one is available to receive the call, but t-mobile would have had to pay the local carrier. coming up, the u.s. congress called and mark zuckerberg answered. now, he is getting ready to meet with a top european regulator. that is next. check us out on the radio. you can listen on the bloomberg radio app, bloomberg.com, and siriusxm. this is bloomberg. ♪

caroline: facebook is providing more information on what data it collects from users when they are locked out of the social media site. website and apps that use facebook services to make their content more relevant may

receive information even if you are locked out or don't have a facebook account. now in an online statement, the social media giant says this happens because apps and sites do not know who was using facebook. facebook added that users can opt out of these types of ads entirely. meanwhile, mark zuckerberg withstood over 10 hours of questioning from lawmakers in the u.s. and now he is getting ready to me the european union's top regulators as well. he is set to meet with the european commission vice president during a two day trip to san francisco starting tuesday. this comes as the eu is planning to unveil new legislation aimed at shutting on how tech giants are dealing with customer complaints. let's go to sarah frier who is standing by. your amazing reporting continues. he is not coming to europe, but europe is flying out to him.

what are we expecting in the meetings with some of the chief digital regulator? sarah: as we saw last week in testimony, there were a lot of questions about whether facebook rules, they have to now in europe. he's also going to be meeting with google. it will be a very educational trip. he met zuckerberg in the past and said it was a very cordial meeting. they shared information. he has met with sheryl sandberg in the past. now, i think things are getting a little more serious as the eu wants zuckerberg to come testify, just like everyone else wants zuckerberg to testify. he's quite in demand. caroline: indeed. they met a couple of years ago in barcelona. i want to get opposing views because i have european here next to me. how are the big earnings of

facebook really view eu regulation? it is tougher. it is perhaps at times ahead of the curve as sheryl sandberg has admitted. do they feel positive in any way? sarah: i think zuckerberg has made the point they will try to give the same protections to users around the world. i think he would rather be control of it himself then have it be regulated onto him. facebook, their best chance is some self-regulation that gets the government to decide, ok, you are doing well. then, if they get into law, that will potentially help facebook by preventing younger companies from being able to get to facebook's size. if regulation is something that a company with a lot of resources as it is your time to put into effect -- as easier has an easier time to put into effect. caroline: let's bring in henry lane fox. theis interesting we have

roleal data protection which would be able to ensure the data debacle that occurred to facebook which would have penalties event occurred today. role which would be able to ensure how are you seeing the reaction to facebook with cambridge analytica? henry: i think there is a slight difficulty in the u.k. of being complacent about how great we are. i think one of the things that is very encouraging is to see europe leading the way when it comes to a regulatory approach. how are you seeing the reaction tothat is being taken seriouslyy the tech giant in the valley. i think it is important to remember that europe has a wonderful ability to suggest what regulation might be best to come into effect, but fundamentally, the data monopolies are growing in two markets. first in america but also china. europe is in many ways a slight that water compared to the size of those consumer populations.

i think it is great the west is providing influence. i think there is a very open question on whether we will reach a global coalition regulation to prevent these data monopolies. in the income i think that is required. caroline: take us back to some of the news we have seen making today with facebook as well. we are hearing then outline how they won't be tracking apps, trying to explain the tracking when you are not a user of facebook. sarah: it is very confusing. basically, facebook is saying -- last week in testimonies, zuckerberg said that the reason facebook needs to track nonusers was for security purposes, but that they would be getting back to congress with more reasons. today, they published a blog posting. it is not just security purposes, but it is mostly business reasons because the various apps and websites that use facebook login or use

facebook's advertising services, those sites send information back to facebook and then facebook does not discriminate whether or not that information comes from users. facebook just gets all of it. with the information on nonusers, facebook can do whatever it wants, including targeting those nonusers with ads, it said, to join facebook. certainly, not just for security purposes. very interesting to see that today. caroline: facebook do whatever it wants, perhaps that will be number when it comes to european regulation. sarah frier joining us. of course, henry lane fox, my guest host sticking with us. in london.work we have the latest on the multimillion dollar office, next. this is bloomberg. ♪

caroline: yet another tiny technology company is heading for an initial public offering. this time, tencent backed is said to be seeking an ipo of $4 billion valuation. it is said to be in talks with several investment banks for the u.s. deal. it had about 15,000 merchants on its site and 100 million downloads for its mobile app. we a bit closer to home, were continuing to double down in britain. the sho startup is teaming up with two other firms to pay $826 office for noan complex. u.s. based wework announced the deal was disclosed without the purchase price.

henry lane fox, founders factory ceo, someone versed in starting new companies. this flexible working space, this benefits them? henry: unquestionably. i'm a huge fan of wework. i think it is really fantastic thing for london and i think this deal really says london is here to stay. they have a thriving ecosystem of startups. we are very lucky to participate. of growtho sign d trajectory. given brexit and other conundrums, i think it is reassuring that people are prepared to make sizable investments. caroline: you say given brexit, why is that not putting off startup founders? henry: great question. i think three things that we have that a lot of other cities in europe don't have. we are very fortunate to have a

wonderful creative industry network here, outside of technology. we have incredible university talent coming out of all of the universities in the u.k. we have access to very smart money. not just capital, but people who really understand how best to make your businesses grow. i think those three are hard to replicate. caroline: when you are talking to the startups, you are looking at companies you are investing in, do many of them hope to go to silicon valley or do you think they will take their company here in europe? henry: the best entrepreneurs ask me how to scale in europe and goat to the u.s. and buy a tech giant. i want to see that happen in the next 10 years. what is interesting to me is the number of companies from uruguay, japan, korea, canada and america are coming here to base themselves and stick around europe properly as a market.

we see a huge influx from startups from across the globe and that is reassuring for us. caroline: any areas in particular that you think the hustle is coming in particular? you talk about how we have greatest ills, advertisers. are there any particular areas that london is the beacon? henry: a lot is set on whether the ai research is as good as anywhere in the world. i argue it is. we have enough proof points to say that now. very strong heartland for machine learning talent in the u.k. financial services, we have in the heart of financial services for a long time. an enormous amount of very intelligent capital put to work in the city. i think growth has been astronomical the last few years. i'm personally interested in cyber. there is a mission to develop a more encompassing cybersecurity framework to help startups grow in the u.k. they are going to be making some big announcements in the future.

i think that is another great sector. we are making a lot of investments. we have seen wonderful entrepreneur's come out of the university. a broad landscape that i think there are some areas we have a real competitive advantage. caroline: i hear it in your voice. thank you very much, henry lane fox, guest host. he is going to be sticking with us. coming up, artificial intelligence in the u.k. what british lawmakers are doing to make sure they are ready for the coming ai wave. bloomberg technology is livestreaming on twitter. check us out weekdays 5 p.m. in new york, 2 p.m. in san francisco, 10 p.m. in london. this is bloomberg. ♪ retail.

under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store

near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> i am mark crumpton in new york. the european union's foreign policy chief says an end to the syrian civil war has never been at distance. negotiations, we

don't need a process for the sake of a process. >> we need to have damascus coming to the table and committing to a process, not because of goodwill, because we have seen no goodwill on that side, but simply out of the reality that without a political negotiation this cycle of destruction will simply continue. says itnited nations has provided "the necessary clearances for a fact-finding mission for the organization of prohibition of chemical weapons to investigate the chemical syria."attack in the spokesperson was responding to report that the team was denied access. the u.s. and u.k. have issued a joint warning on possible russian cyberattacks. are at a low following

the poison of a former double agent in britain and the bombing in syria. justin trudeau and emmanuel macron say a renewed economic partnership has used to jobs, growth, and investment in their countries. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. we have a look at the markets. good morning. >> good morning. we have that brought risk on session in the u.s., the s&p 500 the vixnd the dow .9%, now 16.6, an interesting development with people diving back levels of risk aversion.

geopolitical tensions easing across the board. earnings and season is ramping up in the u.s.. futures and asia signal a mixed stock. flat in australia. .nd the japan up about .1% in hong kong up .06%. the yen weaker against the greenback, looking steady into tuesday. cruded lower in oil, wti down 1.6% after five days of gains. coming up today, the big reports of the china gdp data, industrial production, and retail sales. minutes from the rba later from their most recent policy meeting earlier this month. more from bloomberg technology next. ♪ emily: this is bloomberg. ♪

i am caroline hyde in london. >> netflix posting its strongest start to a year since the company went public. sales growing at the fastest pace in history thanks to subscriber growth and higher prices. grew 25%.iber growth the average subscriber price grew 14%. joining us for more from los angeles is lucas shaw, who covers the company. mix.ems to be the perfect they can push up prices and increase subscribers. it is getting a little ho-hum now with that netflix earnings. there were years where you would not know if it would be up or down he comes the stock seesawed so much if they missed by a couple of subscribers. few quarters have blown

through as to despite raising prices for 80% of their customers over the past year, hich suggest they will roll out another price increase in the next come full of years. i wish they would breakout subscriber growth in territories rather than rely on analyst reports to note they are doing ok in other areas. caroline: many have focused on the debt load, the cash burn. you can see how much cash they have been burning through, $500 million at times per quarter. this does not seem to be an issue given that we have seen moody's upgrade their debt rating, so people seem to like the way they're spending because it is on content. they is this cycle where are allowed to spend and borrow and spend and borrow as long as

the subscriber growth keeps going because they have convinced people that spending is fueling subscriber growth, content, all the deals with ryan murphy, chandra rimes, standup specials and a new movie every week, but that is justified because of the long-term effect. the real question for bondholders and investors will be how long can the numbers keep going up at this rate. at the moment it has continued for a couple of years. next continues for the 3-4, it does not matter because at some point they will pay it off. caroline: how big can this company get? lucas shaw, fantastic reporting on tliv as well. is artificial intelligence here and becoming a greater part of life every day, but that has not stopped people from worrying about it. in a recent report by mckenzie up to 800 million jobs could be

lost worldwide by 2030, and 375 million people may need to switch jobs and learn new skills. british lawmakers have offered a new report with an additional regulators, don't let major tech companies dominate the growing artificial intelligence industry. gueste is our next specializing in startups, late stage companies, and artificial intelligence. this is how you find entrepreneurs for the companies you are building. it is one of the methods. getting look at mp's involved in saying they are worried about the monopoly on data, that is something you worry about too? worry.s a legitimate the house of lords and regulators in the u.k. are reflecting on the sentiment you're right to say is increasingly nervous and technologies they don't understand. nhere is a lot of hype withi

artificial intelligence. almost always a human in a loop for the ai companies at this stage. the question of whether we are building and allowing companies to build big data monopolies is a valid question. the question is how do you combat that. if you think about how we traditionally regulated utilities, you are only allowed only so much market access and pricing is restricted to a certain degree. lots of people have put four different theses. we have been sympathetic to the idea we should look to enforce upon these tech giant some way to share their aggregate or parts of their aggregate data sets to a loud younger companies to innovate on the back of it. yes, they can receive some license key, but maybe there needs to be regulation that

encourages them to be more open with their data. , data isid all of this not the pure lifeblood of ai systems. historically we need it more data to train the ai models that existed. aithe moment, we have held that can self train on low levels of data, so there is an argument the data monopoly may not be where the magic occurs. in the see that partly small-scale acquisitions the tech giants have made in the u.s. and europe, often acquiring specialist teams who have had a breakthrough at the algorithmic level that is a bible to those tech giants. caroline: are you looking for companies that will be valuable? try to invest where we can in industry defining propositions. to have anunate investment thesis that cover six industries and treat ai as one

of those industries, but applies in financial services where we are working with an insurer with an enormous presence in asia. enormous work at developing new risk models around insurance, which have been statistical for a long time. what is ai than data sets and complex math. people would argue many components have existed for a long time. we get to see the applications of it immediately, trends for new products. we are invested in a startup that has a groundbreaking technology accurately predicting flight delays. these are things that make consumers lives better. who would want to go to an airport and sit in a queue to find out your flight has been delayed when you could get a notification on your phone saying there is an 80% chance your flight will be delayed. many applications we look at our positive for the consumer and

for society at large. we have a treasure trove of data within the nhs, and yet we have a stretched health service. we invested in an early stage startup that is using a new form alternativeerate proteins that could be used for different types of drug discovery. there is an enormous benefit opening the right data sets to people who will behave ethically with those data sets and generate a norm and social by you. the question want go away. we have spoken about it for a long time. i welcome what the government put out today as at least a set of principles on which we can organize ourselves, but i challenge them. there is only some skill in saying what or why. the real question is how, and they have no answers for that. caroline: thank you very much indeed.

henry laned fox -- fox, thank you. ,acebook being shown on their shadowy buyers. that is next. this is bloomberg. ♪

intoine: new intrigue divisive political as bottom facebook ahead of the 2016 presidential election. more than half of the sponsors of those ads have little or no public paper trails. six of those ad buyers were linked to russia. thatis from research examine 5 million ads that ran from september to november 2016. joining me now from d.c., the

study's lead author. wonderful to have you with us. fascinating the research you have done. talk to us about who was running these ads. what made you realize they were in some way suspicious? >> good question. we examined 5 million paid ads on facebook. they were exposed to nearly 10,000 volunteered users who represent the voting age population in the united states. we track to the sources and sponsors behind these political ads. we realize that most of the divisiveo ran these campaigns are anonymous, meaning on identifiable, on trackable groups, that have no public

unregistered groups or nonprofits who did not report to the federal election commission. caroline: what sort of ads were they running? >> we focused on divisive issue ofpaigns like th abortion, racial conflict, terrorism, and candidate scandals, so it included the various issues. for example, veterans before it illegals, that emphasized the division within the public, or syrian refugees are attacking us , raising fear and threats. some of the ads contained candidate attacks, like a arrest hillary, things like that. why don't you think

facebook really was able to find or five these ads at the time, flag them as suspicious, and knowing what we do now, do you think the activity would be more easily be able to be tracked and shutdown in the future? >> that is a good question. there are two issues we have to highlight. digitalhat the way political campaigns work on social media. so-called dark posts, meaning the ads are seen by only a small segment of the population, so they are not necessarily publicly accessible. that is the way it works. just facebook's fault. that is the way it works. another thing i want to emphasize is the regulatory

loopholes. no rules thate is address political campaigns in the united states. a lot of researchers offered explanations for why these where you haves fake groups, but the issue is not so much about people psychology of being selectively exposed to certain media content. it is because there are actorses where unknown can take advantage of these loopholes. caroline: so in the future if we have adequate regulatory policies or guidelines, this cap might be tightened. fromine: when you see it

d.c., more regulation the calm. usderful to have you joining on this piece of research. thank you. up next, we will be speaking to john silverman joining us ahead of tuesday's multibillion dollar supreme court hearing on sales tax. if you are watching us in san francisco, you can hear us on bloomberg radio. "bloomberg technology" is the only daily news program to focus exclusively on technology and business can be heard every night at 7:00 p.m. pacific. this is bloomberg. ♪

caroline: reports out that amazon has a show it's plan to sell and distribute pharmaceutical products. shares jumped in monday trading

of this report. oracles co-ceo says the pentagon's plan to award a single contract for multiyear cloud services "makes no since." process seemst designed to benefit amazon. a final request for proposals which outlines a tenure contract is to be released and may and awarded by september. ,peaking of amazon online sales tax is at the center of a supreme court case. retailers are asking the court to overturn a 26 year old ruling that exempts online retailers. retailers can before to collect the tax only if they have a physical presence in the state. overturned, this would put new pressure on online retailers who don't always collect taxes. joining us from new york is the

ceo of etsy. how big of a difference would this make if we see an overturning of this rule? >> what we are talking about is the digital main street subject to a patchwork of 10,000 different tax jurisdictions, tore our sellers are asked comply with an unmanageable number of tax laws. abounds. so complexity what about the risk that you can see back taxes being collected? is that a risk of yours or not on the agenda? >> one of our sellers selling in the state of washington sells marshmallow pops and pecan bars. are qualifiedps as a candy, which has no tax because it does not include flour and need to be refrigerated, where pecan bars

are classified as baked goods, so she needs to know that in with thethe complying tax jurisdiction of one jurisdiction within the state of tohington, unless it is back school, in which case there might be a tax holiday. in connecticut, she needs to know whether the sandals she cells are for athletic purposes or not, unless they're are being bought by someone from the pta, in which case they might have a tax holiday. there is anenge is unmanageable number of jurisdictions for which no small seller could truly comply. perhaps notck taxes on the agenda, but the complexity front and foremost. if the supreme court does not thinkrn this rule, do you we might see state-by-state start to crack down on this, and how do you manage your business for that future? >> it is not about taxes. it is forward-looking and state-by-state.

ago, the supreme court ruled that individual states cannot force people that do not have presence, physical jurisdiction, in their state to comply with each and every tax jurisdiction. that is what is at risk right now. if that ruling gets overturned, a micro seller whose cells from her living room will suddenly need to comply with over 10,000 different tax jurisdictions. the way it works right now, if she does not have physical presence in a ticket or state, then she is not subject to the tax jurisdictions within that state. caroline: have you put in place provisions if it is indeed overturned? have you factored in the extra cost to your business for having to comply? >> it is more than call's. it is how much time would she have to spend trying to comply. we will have the backs of our sellers, but should the supreme court overturn the ruling, which

is being discussed today, it would go to congress and congress would need to decide how to make this manageable for sellers. the worst-case scenario we think is every state gets to impose its own tax rules on every single person who sells into that state. that will really create terrible friction for sellers, and it will hold back jobs and the success of mike rogers newer's, so much the success of our economy's engine. caroline: talk about having the back of your sellers. you are improving your service for your sellers, helping them to target shoppers, but many feel you have abandoned them going in >> and mortar state-by-state. what are you doing for your own sellers? >> we have been working hard to make a platform a better platform for buyers and work harder for sellers, and we have seen terrific progress, sales

accelerating quarter over quarter. in the fourth quarter, we did over $1 billion in sales, so the work we have been doing has paid off and our sellers are more successful selling more product as result. caroline: josh silverman, great having your take. to keep in touch as this heads to the court. thank you. now, a reminder that we are live streaming on twitter. check us out. that is all for now. this is bloomberg. ♪

♪ >> u.s. stocks rise as geopolitical tensions ease, the s&p 500 returns to gains for the year so far. betty: the dollar near an april low as president trump brands russia and china as currency manipulators. gettingank of america costs under control as earnings rise to a record. betty: netflix jumping after beating forecasts for new users.