tv After the Bell FOX Business January 21, 2020 4:00pm-5:01pm EST
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red across the screen on investors fears over the deadly china virus. [closing bell rings] that will do it for "the claman countdown. connell mcshane, melissa francis pick it up for "after the bell." melissa: a virus spreading and wall street taking notice. averages falling into the red, cdc confirms a case of mysterious china killed six people in china. the dow ending down. it will settle down 149 points lower. snapping a five-day winning streak, dragged down by shares of boeing as well. the stock tumbling after the company pushed back its timetable for the return of the 737 max saying it doesn't expect regulatory approval until at least the middle of the year. tough day. i'm melissa francis. connell: i'm connell mcshane. welcome to "after the bell." s&p and nasdaq also in the red. the nasdaq hit an all-time high
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earlier today, then pulled back from that. we have a lot going on. we're awaiting results from this hour that can shake up markets tomorrow with the netflix numbers coming out. first of tech titans to report quarterly earnings this season. first time for a company that will have numbers where we can compare it to disney plus. a lot of people looking at that. melissa: that's a big story. then overseas president trump sitting down with global leaders at the world economic forum at davos praising his economic record while back on capitol hill the senate impeachment trial is officially underway. we'll bring all the breaking headlines this hour. connell: as we go into the netflix numbers, just starting to cross right now, let's bring our panel in to talk about them. scott martin joins us from kingsview asset management out of chicago. liz peek columnist here in new york, both liz and scott are fox news contributors. the numbers as they cross, netflix revenue $5.7 billion in most recent quarter is better
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than expected. street likes it early on. the stock is up more than 2 1/2%. we'll fill in the blank with netflix but as i said, scott, everybody is wondering how you compare now? you have disney plus in the game. >> tough kind of competition setting up, con in 2020 and frankly 2021 and beyond. that is the concern for the stock given the rally for the stock, for those stuck in netflix four to six months as far as how the bounce has occurred. for me and for us we sold netflix, i i shed a tear about 20 bucks ago. connell: scott, deirdre is here what do numbers look like as the stock turns lower. recent outlook, whatever you have. >> getting number for earnings which is $1.30. i'm still going through some of the lines here. because if that is apples to apples that would be a huge beat because wall street was looking for earnings of 53 cents a share. so i mean that would represent
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as i said, better than 80% beat obviously on that front. i will just make sure it is apples to apples. that is the first number that crossed. for revenue, ever so slightly higher. so wall street looking for 5.45 billion which would be 30% increase quarter on quarter. netflix posting slightly higher at 5.47 billion. one thing i do want to call your attention to though is the forecast and the forecast for this current quarter, the first quarter, does look a little bit like. i'm really being picky here but 5.76 billion is what was expected. i'm seeing indications from the company at 5.7 billion. connell: that's the revenue. that's a little light first quarter. >> for current quarter. not to be confused for the fourth quarter which i'm still going through the figures. i want to highlight during the regular session, volume was double the normal usual. thanks to our brain here charlie
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brady telling me that. melissa: can i give you other numbers while you were talking there, deirdre? >> please. melissa: fourth quarter paid net additions 8.76 million. fourth quarter global streaming paid membership, 167.09 million. and then there is the forecasting for -- >> melissa, charlie, i have two voices in my head which is actually even -- connell: kind of low. >> low for my count. as you said there, that global streaming net adds 8.76 million. that is certainly the right number to focus on. so that is higher what wall street was looking for. higher even than what netflix had guided. this is really where wall street, analyst community, investment community is looking for growth. rich greenfield saying, if you are essentially looking for this company to be growing in north america, you're missing the mark. in fact is he saying for the past three years in fact, if you bought the stock it is really because you're optimistic about the international expansion. that particular number proves it. he is saying listen, not hard to
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imagine netflix reaching between 200, 250 million international subscribers in the next few years. so if you will be optimistic, you're being optimistic because of is potential growth i should say in india and emerging markets. connell: we'll come back to that in a moment, deeder. want to bring liz, scott back and jeremy owens. jeremy is the tech editor at market launch. that is the broad picture conversation i feel like. we talked about how disney plus is in the game, streaming wars are all on. all of that is true, disney is not in the game overseas yet really. in other words, in the second quarter this year we'll see a lawn of disney plus in western europe. and then, netflix might have a, maybe a little run for its money over there. for now to deirdre's point, netflix it is game. it still has a lot of playing field to itself is overseas. that is where the growth is coming from. >> by the way the number of additions is huge and much better than expected.
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i think what netflix has been trying to tell people, yeah, disney is important, apple is important, all these competitors will be a, truth half of it. v is consumed the old-fashioned way. that is where we make headway and everyone making headway. from my perspective, is 24. 24 nomination this is company got in the oscars this year. that is a gigantic thing. if i were an analyst covering netflix i would be most interested how are they spending $15 billion a year on content? how will that impact the future? nobody is in that game to the extent netflix is. we see now it is working for them. >> add one more thing, forecasting for the first quarter, global streaming net paid additions another seven million. 8.76 for the fourth quarter. they will see, they're forecasting another seven million for the next one. connell. connell: another thing, sorry
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liz, to jump on you, another thing, jeremy you can jump in here, i think is kind of interesting, with a company like netflix, technology company like this that reports earnings at 4.07 p.m., say, the stock normally move as lot more. this is very muted reaction nor netflix. i think the options market, jeremy was pricing in 6% move up or down tomorrow. if this holds we'll not get anything close to that but netflix basically, seems like told us there is some details to go through but told us a lot of what we were expecting it to, better in some places a little light in others but what is your over all impression. >> i think the time the way people react to netflix has changed. the stock went crazy after we announced number of subscribers. now we see that change. the number of subscribers will not be as important on a quarterly basis especially in the u.s. you saw it go up and down, the u.s. missed.
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additions of more than 600,000. they expected more than 600,000. that is canada. less than 500,000 in the u.s. we will see a lot of churn in the u.s. they will have to start valuing company differently than how many subscribers did i had add? we're happening to see a sea change in netflix. connell: thank you. deirdre. what else? >> very quickly, i'm sure netflix investors will be happy to hear because there is another metric to look at, net adds, global net adds, domestic and international, they're forecasting a lighter current quarter. this is part of their guidance. instead of adding 8.82 million which is what the wall street community was looking for. netflix confirming they should add globally seven million. that is actually the current quarter. that is really a lot lighter. back to you guys. connell: not much of a selloff if that is the right after-hours quote right now, scott. you come back up on this.
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because that is interesting. i think sometimes people confuse the international growth with the global growth which obviously would include the u.s. >> and canada. connell: there is netflix down by 3%. go ahead, scott. >> it is a pretty good reversal if you look at the initial pop. i think jeremy is right. you have to look at different ways as far as the sub numbers. frankly while this number is right down the middle of the fairway as you commented while the market didn't move the stock much, it is probably not good enough. connell: no. >> i said earlier the market rallied the stock pretty good after 3 1/2 months after this earnings report which was not a great one in the quarter before and certainly not a great one in the quarter prior to that. these numbers are not good enough for netflix to taken main valuation levels. if you have trapped in the stock for a year or so i think this is a chance to divest. connell: that is the stock par of it, jeremy, liz will jump in on the comments on business side of it, what about the future? let's talk about it a little bit
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now. we know disney is in the game. apple in a different way. we know hbo is coming on. we know the the peacock network is announced. netflix has to pay tons and tons of money for content. people brought up number of tiles this week, finally having ads on the platform. what do you think? >> i think their content will matter a lot more now than it has. they have been in the growth phase. now we're in a churn phase. consumers are going to decide almost by the month if they want to pay for netflix for next month or pay for hbo or pay for disney plus and a lot of that depend on what content is coming up. netflix is getting the content train rolling and they will keep on putting out and if you look in their letter they talk about what content comes out in in q1 and q2. q2 would be heavy. why the q1 is kind of light. they think the big gains come in
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q2. connell: netflix made comments on the fourth quarter, despite the debut of disney plus and launch of apple tv plus, viewing per membership, liz, grew, both globally and in the u.s. trying to point out to investors and everybody else, hey we know other players are in this game now but we're still growing albeit in a more competitive environment. what does that environment look like to you, liz? >> again i think the future belongs to whoever has something you really want to watch on television or on your apple ipad or whatever. as long as they have those properties, by the way, disney does too. it is not look there is room for only one player in this game and we'll all be obsessing over number of domestic subscribers every quarter and stuff, the really important thing who can really own your attention span, who can really own your time, ads, killer idea, terrible. i can't imagine that would be a good idea. that is why we don't want
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television. connell: you're right. one time melissa and i talked about this, good time to be creating content. >> absolutely. that is the game. connell: not a lot of people know this scott martin is writing a new sitcom about a trader. >> the secret is out. your content is right. the weird thing about netflix though, where are they in that content game? you seen amazon prime, some other services start to create nice shows. i got hooked on netflix admittedly the couple years ago, the movie, "babysitter" a original comedy that was very good. the content has taken a downturn and disney plus and other guys coming out are a legitimate threat. connell: boy. i don't want to know if i went with "the babysitter." >> i will admit it right now. >> really embarrassing. connell: can we make a banner at bottom of the screen. liz peek, very embarrassing, scott martin. jeremy, sorry you had to be part of this. thank you for participating.
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only one one 1/2%. melissa: competing events on the world stage. president trump taking a victory lap, touting the strength of the u.s. economy abroad today as the senate impeachment trial is kicking off with fireworks on, in the nation's capitol. connell: the latest on that. deepening health crisis we've been talking about with federal officials confirming the first case of that chinese coronavirus in the united states. that was confirmed today. we'll tell you what you need to know before maybe you get on a plane. that's coming up. melissa: future of on line shopping could soon be done from, your shower? connell: what? melissa: all the details later this hour. that's interesting. ♪. ♪
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connell: business alert. couple more earnings alerts before we move on to other news. today netflix stock price down 1% which isn't much when you consider the headline is the softer outlook, or one of the headlines for current quarter net subscribers additions. missed on subscriber forecast in the u.s. for the third quarter in a row. but the stock only one one% what it is worth. the other earnings related headline is ibm. reporting fourth quarter results. the stock is up 4%. gerri willis has numbers from the nyse. gerri? >> that's right. beat on top and bottom line.
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we'll focus on revenues for a second because this has been a sore point gergen anydginnyrom medi. they missed five reports in a row. could not make revenue estimates. today they break out. why? surprise on cloud growth, up 20%. all about red hat, the open source software business. analysts, investors are looking for a break-through with the red hat results. revenues up 24% for red hat. debt down 10 billion since they acquired red hat which was a 34 billion-dollar purchase. ginny romedy said they finish on strong note. good news for ibm, a positive in after-hours trading. connell: yes you can. we have other news.
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melissa: a look at the world stage. president trump in davos for the world economic forum while at home the impeachment trial is underway. so what can we expect from the next few days? edward lawrence on capitol hill to break down the impeachment part of this. edward? reporter: melissa, the house managers started the impeachment process. they are talking or the senate started the process and house managers led off with this. talking about the rules to be set up in the senate for impeachment. representative adam schiff led off with all this. he said the rules are meant to cover up for the white house. schiff says that the senate, he wants the senate to be able to call more witnesses, to add new evidence from the white house. listen. >> if you only get to see part of the evidence, if you only allow one side or the other a chance to present their full case, your verdict will be predetermined by the bias in the proceeding. if the defendant is not allowed to introduce evidence of his innocence it is not a fair
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trial. so too for the prosecution. if the house cannot call witnesses or dust documents or evidence it is not a fair trial. reporter: president's legal team began with pat cipollone blasted schiff, saying the house is tasked with investigating and investigating that to the senate for the trial. the white house attorney said in fact the inequality in the house. >> the president was denied the right to cross-examine witnesses. the president was denied the right to access evidence. and the president was denied the right to have counsel present at hearings. that's a trifecta. a trifecta that violates the constitution of the united states. reporter: we should have the rules agreed upon later on tonight, much later tonight. the senate will then, each side will have, three, 24 hours over three days to present their case. senators obviously will decide. back to you, melissa. melissa: edward, thank you for
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that. president trump praising the u.s. economy while in davos today. take a listen. >> america achieved this stunning turnaround, not by making minor changes to a handful of policies but by adopting a whole new approach, centered entirely on the well-being of the american worker. every decision we make on taxes, trade, regulation, energy, immigration, education and more is focused on improving the lives of everyday americans. melissa: here now is james freeman from "the wall street journal" he is also a fox news contributor. so, at least part of what the democrats are doing in congress right now is meant to take your eyes away from what president trump is doing and also saying in davos, the speech he made this morning which i bet will not get a lot of coverage in the mainstream media made a lot of points like this saying that the whole focus of his policy has
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been to help and defend workers. that it is not about the 1%. that it is about raising the middle class and he had a lot of evidence for that saying that unemployment is at a record low for vets, the disabled, people with no high school diploma, asians, hispanics, blacks, workers wages are growing tasker than management. earnings growth for the bottom 10% is outpacing the top 10%. paychecks for high school graduates rising faster than college graduates. james, he made the point, this is no longer a hypothesis. my way of doing things is working for working people in america. what do you think? >> well he certainly three years into his presidency now has a great story to tell, especially as you mentioned about the u.s. job market. not just for individual groups but, broadly. this is just about the best time ever to look for a job. we've seen, i think as he discussed, wages rising faster
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for rank-and-file employees than for bosses, much of the time, in this recent past. and so, i think, it is, it is working in that sense. i also think he may be finding a more receptive audience where the tax cuts and the deregulation clearly gave the economy a boost starting in '77, but now, trade clouds lifting, a lot of people at the summit i'm sure didn't like the tariffs. he, the president has resolved some of these trade fights. obviously big one with china. he has the u.s., canada, mexico deal signed. i think you would have a more receptive business audience there. and, he has some nice results to share. melissa: so that is a terrific point, because if you look at the other event that he had to contrast with impeachment, that was when he was signing the first phase of the china trade deal. he made a big point like today of having a split screen at the white house and he was pointing to everyone who is in attendance
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there, everybody related to money and the economy in the u.s. i mean he was pointing out people who wouldn't have been caught dead with him two years ago or three years ago and it is kind of the same thing with davos where they were talking about the trade deals and how, they couldn't understand what the president was doing, but like you said he now has a receptive audience among these two groups who it seems like, i mean has he sincerely do you think, won them over? >> i don't know won them over. i think probably, the davos crowd traditionally is obviously, if you're going to that meeting you're often someone who wants to talk about sustainability and emphasize climate policy, thinks like this. so i'm not sure it is really a natural audience for him, but i do think in that, in that crowd, both in terms of elected officials and business leaders, there has to be a at this point, a grudging respect for. melissa: yeah. >> for the achievements but also
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i think three years in even his critics would say, look, the sort of overheated fears about this presidency have not been realized. even though we're watching impeachment, you remember the over the top claims we were heading into some authoritarian dark night when he was elected. obviously life in the u.s. has been pretty good for the last three years. melissa: no. that is a terrific point. there were all the predictions about everything falling apart. even in the last administration, that our economy would never grow at this clip again. he ended with, i hold up the american model as example to the world of a working system of free enterprise that will produce the most benefits for the most people in the 21st century and beyond. james, thanks for coming on. we appreciate it. >> thanks, melissa. connell: good conversation. we have the future workers of america coming up, how one industry force is reaching out to tomorrow's labor force trying
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♪ melissa: leading leaving the royal life behind. prince harry is back in canada with meghan markle and their 8-year-old son archie after the emotional speech detailing the royal breakup. fox news's benjamin hall in london with the latest. reporter: prince harry the duke of sussex has finally landed in canada to begin a new chapter a new step in his life as he moves away from royal duties. harry landed on can curve island tuesday morning to be reunited with meghan and duchess of sussex and 8-year-old son archie. he said he was taking a leap of
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faith stepping back as senior royal but there had been no other option. harry took a dig at the media calling them a powerful force hopes to overcome. already there have been security and privacy concerns. harry and meghan issuing a legal warning to the press after photographs were published in newspapers and on websites. lawyers for the couple say photos show the duchess walking her dogs and carrying her son. they were taken by photographers hiding in bushes and spying on them. they say she didn't consent. they accuse the photographers of harrassment. press intrusion is one of the reasons they cited for leaving the royal family. it was announced on saturday, from the spring the sussexs will no longer be working royals, will not use the hrh titles and no longer carry out military duties an appointments and they will also have to repay the $3 million of taxpayer dollars used on renovations for their home and work towards becoming financially independent.
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the big question, what next? this hard form of "megxit" has been called, does mean they are free to pursue whatever deals, financial or otherwise they want and experts say overnight they have quickly become one of the world's most valuable brands. in london, benjamin hall, fox news. connell: all right. few minutes ago to netflix. the stock turned higher in after-hours trading. go back to deirdre. it is lauren of course. there is a little bit of something, a little bit in this report for everyone. you can look at earnings. look at outlook is not great. u.s. subscribers are not terrific but other things are so try to make sense of it. >> i will give it a go, if you looked at earnings, we talked about the $1.30 figure wildly exceeding expectations of 53 cents a share, the reason netflix benefited from a tax benefit. we'll take it all the same. right? that is clear beat on earnings. ever so slight beat on revenue.
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the company posting 5.47 billion. wall street was looking for 5.45 billion. connell we talked about the current quarter. that the global net ads, so domestic, plus international were lower than what most of the investment community was looking for. so the company is saying that it will adding 7 million, globally. most investors were looking for 8.8, 8.82. so that is the third miss in a row by the way, as far as subscriber forecasts grow. netflix missing its own internal metrics. one of the reasons we're seeing the stock bounce around, there are some incree mental data points i thought i would call your attention to. for example, the "witcher," 16 '30s new england scene, based on videogame, this is the biggest season one it ever had for any tv show. liz peek was mentioning, oscar
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nominations. 24 of them. "the irishman" got a nod as "marriage story." if you buy the stock you buy go big, go home with spending. bmo markets says netflix will spend up to $17 billion just this year alone on creating content. if you want a comparison point. apple for apple tv plus is spend about six billion. you have to believe in international expansion. you have to belief they're spending money for good reason. of course the pessimistic view. netflix, if you want to be mean about it, is a one-trick pony. all the other competitors have other business streams, other revenue streams happening. connell? connell: sometimes we do want to be mean about it. thank you, deirdre. those are -- melissa: i think i have to check out "the witcher". i don't know. as far as going to ads on netflix, i don't know. connell: give us something to talk about the cop meshals. melissa: my kids would hate
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that. that is why they watch. growing anxiety home and overseas. federal health officials issuing a new warning for americans amid an outbreak of a deadly chinese virus spreading rapidly how you can protect yourself and your family. connell: that is unexpected first. we'll tell you the latest that amazon is hoping to get inside of your home. melissa: uh-oh. that turn these challenges into opportunities. it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. that will generate value for our investors. i've always loved and i'm still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'll go for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both.
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♪. connell: virus that has been spreading, the first case in the united states reported of that mysterious coronavirus that has infected as far as we know nearly 300 people in china. here to talk about all of this is our own susan li doing some reporting on it, and a travel expert joins us as well. lee, to you in a moment. susan, the facts and figures, the latest on the story. what do we have? reporter: i was on the cdc call announcing the first case of coronavirus contracted from china here in the u.s., a man of '30s crossing u.s. borders before they had airport screenings in place. instead of panic i heard precaution, and concern but not the panic during the sars outbreak which eventually killed 800 people and even during the ebola, one case of ebola coming back to the u.s. some ways they're taking precautionary measures. adding atlanta, chicago to the
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three airports. funneling all all huwan flights on top of this, screening those that need to be screened. connell: no panic. you see some symptoms that people have to deal with. the thing people start to get concerned about, in the market as little bit, especially asian markets, by the time we close in new york, we were worried about boeing more than anything else. people worry about these types of things. if you were advising someone and they had a trip planned to china, business pleasure, whatever the case might be what would you tell them? any adjustments necessary or? >> at this point i would tell people to use precaution. i wouldn't necessarily tell people to cancel the trip. maybe it i was going to wuhan i would tell people about it. i would still go at this point. obviously take precautions. the cdc is telling people wash their hand as lot, avoid contact with people who traveled in the
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region. avoid close personal contact with people in the area and animals, that is how a lot of these things get started. connell: people coming in here, is it your sense now, as sign sass told us they have a handle on it at least so far in terms of screening people? does that sound like a reasonable plantar getting those specific airports in the united states? >> going back to as she mentioned ebola and sars it appears everyone is doing the right thing at least as good as they can at this point. kind of scary thing almost the chinese lunar new year and a lot of chinese will be traveling next couple weeks, a lot to america. that is where we have to keep eye on things. connell: that raises the risk, susan, in authority's minds, timing really couldn't be. >> exactly, millions of travelers with chinese new year-end of this week. the rapid spread of this coronavirus really reminds people of 2002. we had cases tripling over the
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weekend. six deaths were reported. as you know with china and numbers and information so opaque people believe that number is much higher. connell: is it fair to question that, going back to the experience we had, susan of sars. that came out afterwards. the first numbers were not right. >> the market reaction we don't believe it. shanghai fell in worst of two months. hong kong the same in five months. people reminded of memories that weren't too long ago of what happened. you know, i hate to be callous about this, but the fact that seven months of protests at home caused not a dent in the economy. fear something like this, a sars two or coronavirus might actually do it. connell: you hope, no panic on the call. we hope that is not what we see the next few days and authorities get it under control. susan, thank you. lee, thank you for coming on. appreciate it. melissa: somewhere quiet and alone. the surprising place where michael after after have da have
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for the last quarter but missing on u.s. subscriber growth for the third time in a row. netflix helped by a tax adjustment, recording a 438 million-dollar tax benefit for the last quarter of 2019. connell: all right. so the stock up a little bit. mounting troubles for michael avenatti one time lawyer for stormy daniels is held in same jail cell that once housed mexican drug lord "el chapo," locked in solitary confinement under 24 surveilance. in a letter to a federal judge, lawyers argue he is too isolated to prepare for his upcoming trial that he tried to extort $20 million from nike. avenatti was detained because he violated his bail conditions. he has pled not guilty to all the allegations against him. melissa: jobs that are open today and how do we bridge the
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gap of workers who fear automation and companies who can't find enough people to fill their human jobs. the national kitchen and bath association is trying to solve this big problem. joining me, bill darcy the national kitchen and bath association ceo. i know you're live right now at the kitchen and bath industry show. it is a terrific gathering. this is one of the big problems people talk about though. all the companies that are there have great-paying jobs sitting open. they're having a hard time finding workers. as an industry you guys are trying to do something about it. tell me about the next up program. >> melissa, there is 750,000 jobs that are scheduled to open within just short of six years. so i mean this is a huge issue for our industry. jobs are taking longer and costing more. we're launching a career program where we'll introduce the trades, plumbing, electrical, carpentry, showroom sales,
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design, to 24,000 high school juniors and seniors over the next three years. melissa: it is amazing. you're looking to get into 35 schools by 2020 within three years. you think it will be 24,000 high schools in nine different cities. what you do basically, you go into the gym, you set up a lot of displays what careers are actually out there because not a lot of kids realize that no matter what it is your skill is, there is a good-paying job for you in your industry. it doesn't have to be about plumbing or working with your hands, whether you're an artist, a coder, you're a designer. i mean whatever it is that your skill is, there is something there for but you said before, you got to start catching kids in middle school, and early high school, right? >> you do. you have to introduce them when they start paying attention to what their life will look like or watching mom and dad, whatever they're doing. there is so much opportunity in our industries and diversity it offers, young people want to
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work with their hand, mind, both, math skills, none, across the board there is so many opportunities, giving this hands on, act out the role of a showroom salesperson or kitchen designer for a few hours, really what it is like. not go to a job fair, not kind of get the story, understand what it is about, play the part. we launched first one on january 10th in houston and it was fantastic. melissa: what i love, what you're doing you're not relying on the school system to identify and teach kids these skills. you are bringing together the company that needs the worker with the students. part of that is getting schools to cooperate with you, because you have to get in there. is that difficult? >> that is part of the reason why we partnered with who had inroads with school system in houston market. they have a great problem sometimes solved our trades a
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sometimes didn't. we're introducing a exclusive program for our industry. they had relationships. we have 300 my school students coming tomorrow, with a great relationship with clark county school district where this is happening right now. >> really stand out as a model for other industries and i know pretty much every industry in the country is going through this, the way you reach out directly to the kids, work directly with the school system, but onus is upon business to go out and find and train workers as opposed to waiting for our educational system to catch up. i really commend. i think other people should look the way you guys are doing it. bill darst sir, thank you so much. congratulations on the big show. >> great. we have 95,000 people here over these three days in vegas. educating a lot of people what is going on with design trends and technology in our industry. thank you for having me on today. melissa: jeff flock is coming up later with school stuff. thank you for coming on. connell. connell: american parents we're told giving out some hefty
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weekly allowance numbers to their kids. i guess the idea would be to jump-start their financial literacy. at least the report from cbs news, says a child between the ages of 4 to 14 now, earns average of 10 bucks a week, helping out with chores at home. good idea, slippery slope. we have david asman. 10 bucks a week. >> the key word you mentioned is earned. do they really earn it? i'm not big fan of giving kids, or anybody money for nothing. mr. yang is apparently is, that is the problem. kids are hearing news along with the rest of us, it may be subliminal but getting in their consciousness, idea a lot of people now have, particularly in the progressive left, that americans just deserve for the fact you're breathing american air we deserve $1000 a month or whatever, it kind of, i'm bothered, when i hear about
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money that is given a way to kids without anything in return. the good thing is, that a lot of these allowances do have things in return, that is good news. they put up the graphic. dr. marc siegel is coming up on "bulls & bears." he will be talking about this, the market dropping today specifically because of this case of the flu that they're having over in china, this deadly flu that was found here in the united states in seattle, washington. that turned the market south. if we get more cases, look for more bad times in the markets as well. dr. siegel will tell us what is at risk here. connell: see you guys at top of the hour. "bulls & bears." thank you, david. >> thank you. >> tomorrow's jobs is not only thing on display at the kitchen and bath show in vegas. wait until you see this. we're back on the ground next, with our own jeff flock, how you can shop on amazon while you're shampooing your hair. connell: weird.
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because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. most people think as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.
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melissa: alexa, i need more shoom shampoo, ever feel the need to shop while in the shower, now you can. jeff flock at the kitchen and bath show in las vegas. >> i have president of kitchen and bath, these are speakers. >> it is amazing new moxie showering experience. ♪ we couple that with our ability to brin water to the environment, and create an "ultimate x" per yens. >> i can c alexa do what. >> you can begin your weather forecast, place an order.
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you also have your bluin tooth speaker. >> a lot of good water, i have one more thing to show you. this is another revelationary product. >> our new smart flush, you have a touchless flush, i have not touched it, it flushes without doing that, it smart innovation as a very affordable price point. reporter: when? >> available this summer and this. reporter: prices? >> 230 consumer price for shower and built in electric speaker. very affordable, great for the remodel or new home. reporter: and this toilet. >> touchless feature add well 200, to toilet, we have also more intelligence, you actual showure cleansing feature, you
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can sit on it, have a b a featue cleanse your back side. melissa: thank goodness they done demonstrate it for us. "bulls and bears" now. >> america is thriving, america is flourishing yes america is winning again like never before. the american dream is back, bigger, better and stronger than before. no one is benefits more than america's middle class. david: president trump pushing the american economic boom on the world statement as he opened world economic forum in davos, switzerland, ticks off a long list of economic achievements, message, america is thriving, this "bulls and bears" thank you for joining us, i am david asman, joining me today caroll, john, jonathan and
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