she thinks it, on an opinion poll from a french broadcaster found over half the view is surveyed, thought micron was more convincing in the debate. the french voters will have the last word in sunday's runoff election. and that's it for now, for me and the news team do not go away. business is up next and i'll have well news update for you at the top of the all in the meantime, there's always a website d, w dot com. i'm gab alphas. thanks for watching. please listen carefully. don't know how those 2 things you missed today go. ah,

feel the magic discover the world around you. subscribe to d w documentary on youtube. ah ah, that's like netflix is stuck in a drama of its own making the company's stock plummeted directly after opening on thursday as few as hit the unsubscribe button. when next for netflix, we'll get the analysis from our correspondence. also coming up as biden says, he'll ramp up domestic oil production. we visit an oil town in the north of the usa, desperate for the cash injection, despite environment it's time for dw business. now this 1st story we

reported when it broke last night, but it just keeps getting worse. for netflix investors reacting to the streaming giants disastrous quarterly results at share price, tanked to day. get this 1st the company lost subscribers for the 1st time in a decade. then it says it expects to lose 2000000 more customers in the next quarter. in other words, we may have reached peak. netflix investors fearing the streaming market is saturated. the company saw $40000000000.00 wiped off its market value in a matter of minutes. now that's nearly 40 percent of netflix as valuation gone over night. speaking of peak, netflix look at this just around 6 months ago. at stock was at a record touching almost $700.00. it since fallen almost 70 percent or the bigger they come, the harder they fall. well,

we got team coverage on this for you 1st going to speak to arm james when he was on the new york stock exchange. and then later on we'll bring in our culture correspondence, scott rock tspra. i'm so james, wasn't this inevitable after all, netflix, his bet on constant growth instead of profits like a lot of tech firms. but that strategy was always going to run out of road sooner or later. well, if you're asking if this was inevitable, yes, it was because that netflix continued to grow, but profits haven't fallen alongside its growth. and again, i said this yesterday too many, the reading was on the wall when companies like embassies, peacock and cbs paramount started to pull their content from netflix in order to start their own streaming services and their own original content. remember when there was an uproar when nbc took friends in the office off of netflix, only to find out that they will still be available, but on the competitor, a lot of popular content that was on netflix is that when a competitor site, now they did try to pad those losses with the original content like ozark, but when a lot of your content viewers aren't even paying for the service due to password

sharing, and as the world opens up as inflation forces consumers to count their dollars. it's simple math and what we're seeing is the result. okay, so it tough time. absolutely. a for netflix at the moment, but is this contagion that we've seen? is it spreading across streaming or entertainment stocks as a whole? or is it limited to netflix for now? is this contagion spreading? well, i took a look at the competitors thought grades today, and it's definitely spreading. the bottom line is this, there's content overlord overload. i'm sorry. and when people are looking at their finances, they're looking at all the $10.00 monthly charges and beginning to wonder exactly how many subscription streaming services do we all really need. does one show justify this charge? and for those that have to go back to the office, they need that $10.00 for their morning commuting coffee, which brings up another great point people. the world is opening up now and people are not stuck in their homes anymore. and when you can finally break fries and better to spend $10.00 on a drink outdoors,

or save up for the upcoming summer vacation, alongside the beach, then to lock yourself in a home and watch the tv show, you know, just just like you did for the past 2 years, and when you take this all into consideration, i don't see this being a strong summer for the streaming companies. i will, thanks for that, james. and i want to loop back round. that was that was the reaction to day. the, the difficulties with the stocks, but i want to get the reaction from scott as well. so i'm scott roxborough who's i'm our d w culture correspondent. i'm while customers pulling the plug so that we've seen this entire reaction that we're getting well, james mentioned a lot of things that i think of contributed to talk about tough times right now in inflation. netflix and other streamers are seen as luxury items and people often cut those when, when, when times are tough. the issue of competition from other streamers. i mean netflix is no longer the only streamer on the block. companies like apple with its apple tv plus disney with disney plus service and

a lot of the sort of smaller nice streaming services that really gain ground sort of started to eat in netflix market share and as seems mentioned, i think that's a very key point. netflix no longer has this deep library of acquired a films and television shows from the big studios because the students pulled those programming from netflix tharp, their own services that you have all those in plus the one off and significant item of russia where netflix, cancel or suspended server after rushes, invasion of ukraine, and that move alone struck 700000 russian netflix subscribers from its roles. so if you add all that together, it adds up to a quite significant shortfall on that part. ok, so there's some things that one off charges essentially for that particular quarter, but it seems that there are ongoing issues too. so what options are left on the table for netflix and for other streamers? if they want to keep growing, if they can keep growing if they can't keep growing is actually

a very big question. i mean, netflix is outlined a few things that's plans to do. just mentioned the idea of password sharing with netflix as a huge problem. last night, some a 100000000 people worldwide sort of free load on their service by of using someone else's a subscription password. they wanna try and crack down on that, which could have an effect. um, they've also said they're going to introduce a ad supported, lower tier us model, similar to what a spotify another services use to serve. allow people to have a, a lower cost version a to watch netflix. but it would get ads with it that should add as significant number of subscribers. the courses are less valuable subscribers because they're going to be paying less per month. but i think an overall it's gonna be very difficult for netflix and other streaming services to suggest that they can do a lot of growth going forward. i think this is a much more mature market, the streaming market and i think that's going to be priced into the,

the expectations on the stock market going forward. okay. well if you scripted it, you probably wouldn't believe at all. no, maybe you would. but either way, definitely a big drama for netflix or how culture correspondence got, and james on wall street. thank you very much for that. now us president joe biden is bringing back leases for oil and gas. drilling on federal land reverses a campaign promise to appease the vast majority of americans who drive regularly. oil is back over a $100.00 a barrel in the united states is doing what it can't increase supplies by producing more at home. our u. s. bureau chief in his poll traveled to the small town of tioga north dakota to speak to locals about their hopes and fears of a biden's plans to boost us on a production north dakota, the 2nd largest oil producer and the united states just behind taxes pumps over a 1000000 barrels per day with concerns that the world wide energy crisis is

getting out of control. small energy towns, like tioga hope to benefit by an increase in dr. matthew craft overseas 28, pumpkin. tioga is mainly an oil production area. if oil is gonna be just a farming community, just like the rest of most small areas in north dakota, so it's very vital for the identity right now. lunch break, and tioga at the side street diner. this is the place to go to understand why so many north dakota ends are hesitant to switch to renewable energy at my entire family, my grandpa, he had work already that i work and work for work or a company. so i mean, everybody in the family does, it has made industry around here. so do they hope for a boom in the all business? or could there be an alternative, you know it, her tone, we can't. so local, honestly, i think, i mean, i don't think green energy is a bad thing,

but i think just trying to abruptly change it, you know, is, is, is short sighted. for decades. north dakota has been dominated by republicans who have supported the expansion of oil and gas drilling opposed to cleaner energy sources. fracking has been the alternative. ponens are concerned that this methods could devastate the environment for 40 years. kathy nason has been a consultant for the oil industry. have to remember that each drilling reg right now is much more efficient than the regs of 5 years. 10 years ago i anticipate we will see drilling pick up. i do anticipate it will happen. it's not happening as quickly by, you know, as an international labor union. it's north dakota branch rep, since $400.00 oil and pipeline workers. right now with the war going on in the ukraine. we're actually seeing an uptick on a push towards fossil fuel energy,

not the green power because it's so available. and it's readily produced here in the state of north dakota. there is a greater voice for fossil fuels in the united states can produce what we need plus export more for the time. being oil and gas seemed to remain the driving force in north dakota. i'm going to stay on commodities, mexico's congress has passed a controversial bill to nationalize lithium mining. the mineral is vital for the modern tech industry, but is the government up to the task of managing such a crucial industry? lithium is crucial to products ranging from cell phones to p c's, to electric cars. it's one of the most valuable materials on the planet, and is often called a new white gold. the mexican centers has just passed the lithium amendment to the countries mining law. private companies, both domestic and foreign,

are excluded from mining lithium, and existing contracts to mind that you will be reviewed, which could cause problems with overseas investors. i put a rather look in your alley thereafter, cree reforming the mining law has been approved for my yeti fiona and be with us. but if, if those eliminate a did he can does. but it was for president andreas manuel lopez abra door de lithium bill is a kind of consolation prize still on sunday night. his plans for a broader constitutional overhaul of the electricity sector. he were defeated, mexico's deposits of the metal are mainly found in the northern state of sonora, where drug traffickers, another organized crime, gangs, operate to law will give a state run company exclusive rights to mind. lithium. however, such a company does not yet exist, and the mexican government has no experience in the commercial mining of lithium. now, a quick reminder on top business story. mythics,

the stock fell at nearly 40 percent on thursday. and after announcing that $2000000.00 customers could, does out the service in the coming bumps, the company says it could introduce an advertising funded option and could charge users who share that passwords with people outside the household. enjoy up to date with d w a business. thanks for watching a little tougher. ellie felt stronger and they feel braver and still paid a lot less with why most women fight their way through the world of work. and how much better do they have to perform? the gender equality jack made in germany. based

on d, w. o warren, during war delivered by ukrainian surrogate mothers, fear of the bombs has prevented the beast from being picked up. ah arena and spent nanette have been taken care. in this key bomb shelter for weeks, ah, focus on europe. in 60 minutes on d. w. ah. guardians, if truth exiled, turkish journalistic john dunn darney, i have paid almost every price of being a journalist in a country like turkey, mexican investigative journalist on albert alman. this is,

are you every day the government is involved. she's digging the countries soil to find out the truth. they want to kill me. guardians of truth starts may 3rd on the w ah ah ah, ah, ah, women are supposedly harder on themselves than men. are women under sell their qualifications and are shy about asking for a promotion or res, supposedly for some that may be true, but it might be all to e.