ackman was also complimentary. since he lost one with adp that was over four years ago and his quieter approach has paid off with performance with turns of at least 26% in each of the last three years, you can see in 2020, returns were 70% scott? >> yeah. i would be surprised, right? i know you would, too, just based on the company if there was sort of a contentious nature down the road. i would be surprised if we saw something to that effect and it sounds like a good value play, right, liz >> a good value play. right? >> yeah. more of a value play at this point in time. interestingly, i was surprised to see they do have a single structure considering it, you don't typically see a lot of activists at the gate of founder-led companies. this one went public in 2002 before the structures were commonplace. >> yeah. before all that came en vogue. >>> and pete is up next. what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cg

the dow is rallies after barely recouping yesterday's losses and finally netflix and bill, bill ackman announcing the holding of the company just what exactly could he push for. we will discuss, dee all of them move across the industry, and tells margins down last quarter as a company we ended up across a slew of new products the ceo noeled that the supply constraints continue to have an impact supply chain also a theme hurting lam research due to, quote, worsened supply chain conditions that stock, guys, is down 5% we're in a chip shortage environment. we can't lose sight of that fact some semis are able to hike prices does intel's results suggest that -- >> it's definitely difficult to hike prices when you don't have products leadership. that hasn't been established, pat gelsinger would say, yet there's all spending that comes with new products. they have that coming -- going on as well we're talking about chips, we should mention amd getting the xilinx approval in china they have more to do to getsh -- i'm sure -- there were some hopes about more of this clearing up in the second ha

what is important for bill ackman is the timeline.e says what the fed should do is more on the timeline. they're playing along with a lot of prices. tom: whether that means they can go lower and take their time in march, what's that will mean far equity markets is that the reality of investments needs to adjust. let us talk about the china rate cuts. china cut its key interest rates, and that is the first time in two years. the economy slowed last year on the back of those covid outbreaks. joining us now is bilal hafeez, the ceo and founder of macro hive. good morning. what is your take on the decision by china to cut more than what has been expected? 10 basis points does not sound like much, but we have got it for the first time since april 20 20. does it suggest that policymakers are on top of it, or does it suggest that the growth is slowing faster in beijing than expected? bilal: i am more inclined to the latter. we need to look at context, which was that last year the authorities were trying to stamp down on the property sector.

bill ackman says it is all about that ability.y read garner your credentials, the one driving the bus and not sitting at the back. surprise moves will be the shock and they need -- aew they need -- the shock and awe they need. that is what has been priced in. my guest, through a lovely new narrative which is three or four rate hikes. jamie dimon says you can see five to seven rate hikes. ackman says throw it around in shape and size and give me 50 basis points. toronto dominion say a more aggressive balance sheet reduction would mean less rate hikes. the front end is very well priced but for toronto dominion -- she said to me a more demonstrative run in the balance sheet for her would take yields to 2.5% on treasuries and pause the 30 basis points. let's look at the rest of the markets. it is martin luther king day. equities really not that heartened by the fact that the chinese have cut rates with a growth number which is one standard deviation above the expected level. bond futures trade at 108.58. brent is at a near seven-year

bill ackman thinks the fed needs to shock and awe the market. coming out with a 50 base move in march to restore credibility. bill ackman says this would have a reflexive affect to moderate the need for more aggressive and economically painful steps in the future. this aggressive action -- he is not alone in saying this. we heard from a chief economist, henry kaufman saying if he was advising chair powell he would say go for the draconian measure of an immediate 50 basis point move. >> a tough decision to make at a time when you -- when if you would tighten the economic policy -- you mentioned earlier how beijing is seeing its first case of the omicron variant just ahead of the winter olympics. in the u.s. also we have the surgeon general paying the outbreak will worsen. we have a tough few weeks ahead. >> so much of that comes down to pushing through the booster. pushing through the vaccination levels. that does seem like one of our last lines of defense against omicron as it continues to spread. and as we continue to see hospital cases and cas

coming, shares of netflix jumping after bill ackman announces a huge new stake.lobally for new subscribers. that's next, this is bloomberg. ♪ emily: in the race to global streaming domination, netflix has invested more than $1 billion to create original korean content with the hope of re-creating the success of squid games. the ultimate goal is to win over the rest of asia including thailand and taiwan. ♪ >> netflix's korean shows are hugely popular around the world. and the popularity of the shows helps netflix generate 366 million u.s. dollars in 2020 of which is a huge increase from level in 2019. some of the shows include kingdom which is the first korean original for netflix and remains one of the most popular shows around the world and of course we have squid game which became netflix's biggest show ever in just a month after its release in september. it generated about $900 million u.s. dollars in value and attracted over 111 million viewers around the world. and then, there is hell bound , which is also wildly popular. it figured in netflix's top 10 show

what hedge fund billionaire bill ackman says about the market value cut 25% in the recent days it is thursday, january 27th, 2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan today kicking off thursday morning with u.s. stock futures well off session lows here. if you look at what is happening. s&p is implied higher by six points dow joins by 15 and nasdaq by 56 check out this chart of the nasdaq 100 futures over the past 12 hours we had been indicated lower by almost around 2% at one point and look at this we rallied back in the last couple hours to see positive territory. we're now implied higher by 56 points now this morning's action after a mixed day of trading yesterday. that saw the dow fall 130 points after the fed suggests it has room to raise interest rates before it poses a threat to the u.s. economy on the treasury side of the heels of the comments from fed jay powell you see ten-year treasury a hair above 1.2% two-year higher at 1.19% higher in the shorter end of the rate the two-year note trading highest since

bill ackman was talking about may be a 50 basis point height in march. people are starting to think about it. it is no one one's base case at the moment. but deutsche bank and matt was eddie and peter hooper are two people we expect. "the fed may need to return to a more neutral policy stance sooner rather than later. events argue for return to a more preemptive approach to avoid the harder landing down the road caused by having to deal with more persistent inflation problem." that is a conversation shift. never mind the 50 basis point stuff. the conversation is shifting quickly and just a month. tom: the conversation has shifted to earnings. i like that mike wilson says rates will become less of a determinants, and it is about the earnings. i think we have forgotten how to go down. s&p drawdown -4%, down -3%, nasdaq 100 -8%. these are nothing burger. lisa: i have to say, i love how you say bill ackman is calling for a .5% rate hike. jonathan: i do not have a call. i'm not giving my call. lisa: how could you? jonathan: you know what happens. someone said

bill ackman disclosing a new position in netflix. we'll lock at how the stock fits into his investing strategy. check out some of today's top searched tickers on cnbc.com tesla tops the list. we'll be right back. thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back we should mention, by the way, we're currently down .3% or 100 points

a billionaire investor bill ackman says the fed is losing it at all against inflation and should raiseinces points -- raise its rate by 50 basis points in march. he argues that a 50 basis point hike would reduce inflation expectations and moderate the need for aggressive and painful steps in the future. the tsunami threat around the pacific from the huge volcanic eruption in tonga is receding. the eruption was hard as far away as alaska and triggered tsunamis on coastlines from japan to the u.s. information on casualties in tonga remains unclear as australians and other countries send surveillance copters. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. rishaad: thanks, bonnie. a look at oil prices, after posting a fourth straight weekly gain. that is actually the longest winning streak we have seen for oil since october. let's get to our energy reporter joining us from singapore. . we have oil prices from this time last week, wti at least. 6% or 7% up. what has been helping things along? >>

ackman is well known as an activist rallying for change of beaten down companies. adp four years ago and the quieter approach has paid off in terms of performance based on conversations with sources close to the firm and the contents of the letter it sounds like he doesn't plan to use the stake to wield major changes at the company in a tweet he said, quote, i have long admired reed hastings and the remarkable company he and his team have built. we are delighted that the markets has presented us with this opportunity so clearly somewhat of a value play here. ackman saying, quote, he is all in on streaming and began analyzing netflix in connection with his spacs deal to acquire a minority stake in universal music group. it ultimately was abandoned. >> all right thank you. >>> as we head to break, shares of another earnings mover this morning, that is northrop grumman, down about 4.5% after profit beat expectations but sales missed amid ongoing supply chain and labor market challenges something the ceo had flagged at top heading into this year when i spoke with her i

ackman said i admired the company he and his team built.are delighted they presented us with the opportunity. in a letter to investors, ackman wrote about the investment he said we are all in on streaming as we love the business model the industry context it owns 10% of universal music group. he gained that stakes after the deal for the spac fell apart interesting irony. that deal looks like it has been a great boon for him we talked about the spacs that have not done well protecting the little guy against making money finally >> bill could have gotten in on netflix for 10% of where it is after the sell off if he wasn't playing around with jc penney. he had a chance to buy netflix like the rest of us five years ago. six or seven years ago now he is paying it is up ten times what it was when he was passing out the buttons. remember the buttons >> you find a way to critique him at every turn. warren buffett got into apple late c he could have bought it when it was nothing. no one saying warren buffett is a dope. >> in hindsight, he looks smar

it's interesting to h harry it is interesting to hear ackman does tell you that people may be thinking high-multiple stocks, what you think about netflix, don't know, but certainly could be there are now, maybe, some folks, active folks, smart folks like ac k man said we're seeing it run far enough and we recognize the dynamic of the stocks. >> we have breaking news let's get to meg. >> moderna said it's started a trial of omicron booster va vaccine. we know the company from the day the omicron variant was discovered started developing these vaccines tailoring to it, now of course getting if into the human clinical trials following the announcement from pfizer, moderna saying it will test the vaccine both as a third and fourth shot after the original moderna doses and whether to include it in multi valant booster vaccine to protect against mult i strains of the virus to inform decision-making what we need in terms of next step when we get the results, regulators will help with that decision-making process. what could also help is more data out tonight in new england journal of medicine

ackman led the herd and people are still piling in. 8.8% for the rivals. the word of the day as we entered the final hour, dow squandered 605 point gain now back up about 33 points but had been deeper in the red. nasdaq can't seem to make it. still down 138, 1%, the s&p down 13. investors kind of had the shakes, triggered in part by the fed hangover. it was during this hour yesterday fed chair jay powell strug a very ambiguous tone as he spoke to the media about a march rate hike. a backdrop of quote, remarkable economic and job market strength, by the way underscored this morning by a but he also admitted that inflation is now worse than it was in december. now, i say in part causing the jitters of this market because intel is just ruining any hope of the nasdaq reaching its full potential, at least today. shares down 6.5%, not even at the lows of the session after the chipmaker posted record forty quarter revenue -- fourth quarter revenue but that a major spend that they're doing to build new factories in ohio. intel's ceo echoed pretty much what jay pow

are going continue to slow back the economic growth side of this so for me, over the weekend, bill ackman, 50 basis point hike, we haven't done that since 2000, 22 years, guess what bill's right we need to go faster we need to go quicker and we need 50 basis points we need to begin to get more aggressive you're normalizing monetary approximat policy and you are normalizing activity and you have to normalize your strategy and your strategy has to be one that's more oriented to owning low beta and less rfsisky assets. >> now we're at the point of shock and awe, joe is that where we're at i saw ackman's tweets, as well about the 50 basis point move at the next meeting that's where we are now? >> you know, scott, inflation seems to be the problem and how do we resolve inflation and the issues of it the price of oil is $85 as we're speaking right now stephanie mentioned before the challenges with supply chains. you'll be hearing in corporate earnings, the rising input costs and the wage pressures that they're experiencing to me inflation is the issue we're still buying back bonds. that's insan

bill ackman and some others are have suggested the fed might go with 50 basis points instead of the usualerest point, and, of course, everybody's speculating about how many rate hike we'll see. i think the market is predicting four, but jamie dimon said we might see as many as seven. what do you think? >> i think it depends on the data. sometimes there's this underlying notion that i think people have when asking a question about that, that the fed has a playbook and they're just deciding when to sort of drip out the information to us slowly, market watchers. but the data will dictate the speed, the timing, whether they want to front-end load it with 50 basis point hike versus your more standard 25 basis points, how quickly they start qp once tapering ends. but there isn't a set playbook at this point, so it really depends on what the data says. obviously, the inflation data. and some of that is driven by the virus, and that's the big wildcard that none of us can try to gauge. jack: well, yeah. speaking of that, what is the effect that omicron is having on the markets and the economy righ

digestion of the earnings that turned positive and netflix, even though it late an egg, we had bill ackman step into the stock showing that people think there could be value at certain levels it looks like this is all good news data points for the techtrade and for the broader markets. >> i think you're right. number one, obviously, we've had great earnings with some of the key leaders here there's more to come next week so the story isn't over, but secondarily, one of the reasons why tech doesn't do well in this type of macro check sell-off is the gdp decelerating one of my concerns is the best that we'll see is this quarter in the earnings and are we still going to have strong earnings from here, but maybe decelerating and that's not going to be great for tech so while we still hold positions and lots of clients with low tech spaces, we are hedging the tech side here so we have to be more careful >> when the fed cam out this week, very hawkish and some bond-like securities and it can be treasury it is theptss until they're in staple. >> you are also cautious, bono >> i think you have to

stuart: obviously, ackman likes netflix.sonally think hbo max and disney, they both pose serious challenges in areas where it's just starting to develop. these two streamers are rich in franchises for films, dc comics, marvel. disney is a monetization engine. computer -- and while netflix is attempting to diversify its revenue streams from gaming, that's going to take time. so i agree with ackman on streaming as a whole, but i need to see more from netflix on franchising. stuart: so you're a streaming nerd, are you? [laughter] >> reporter: i am. i love the space. stuart don't admit that publicly. kelly, thanks for become here. [laughter] let's get serious. an oregon mother suing meta and snap over her 15-year-old daughter's mental health. lauren: yeah. she followed a product liability lawsuit with help from the if social media victims -- [inaudible] who says this: these social media companies are aware of the flaws and addictive properties of their platforms and have failed to adequately design their products to protect mode

dr. ackman malik, who signed a declaration opposing mandatory vaccinations believes forcing jobs on people could be a violation of medical ethics. the concept of mandate united nation is really knocking down the cornerstone of medical antics that we've enjoyed for century bodily tanami . freedom of choice, a tremendous a mess and stress. i'm just getting inundated messaging from health care workers from the whole spectrum of doctors, nurses, audiologist, feeling for their livelihoods and their careers because they're being made to, you know, forced to have a job or choose, you know, being sacked is based, frankly, ridiculous. i feel the wind is behind or sales, and i think, you know, we're going to turn this around. i think the public can see through the nonsense the rights to the unvaccinated of making plenty of headlines on the other side of the english channel as well. um, the paris hospitals chief questioned whether they should continue to get free medical treatment or danella when free and efficient drugs are available. should people be able to renounce a vaccine without consequences

billionaire investor bill ackman says the fed should raise its key rate by 15 basis points to resorts credibility. in a series of tweets, he said the market is anticipating three or four hikes of 25 basis points each. he argues a 50 basis point hike would reduce inflation expectations and moderate the need for more economically painful tests in the future. the u.k. labour party leader says prime minister boris johnson broke the law and lied regarding parties at number 10 downing street held during a national current virus lockdown. some members calling for him to step down. the concern murder -- conservative party chairman says now is not the time for a leadership battle. iran president has seen a huge rise in oil sales. this, despite array and oil experts -- exports being subject to sanctions. they are currently trying to revive the landmark nuclear deal which eased restrictions on iranian crude. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. haidi: still

bill ackman of course isn't the only one. is prepared for as many as seven rate hikes, saying it will not be as sweet and gentle as some expect. anna: of course, a higher yield environment might give some reason for pause. it might create some uncertainty around risk assets, especially if we see yields climbed quickly in a short space of time, but one sector that likes to see a higher yield environment is the banking sector. certainly that has been a feature of some of our conversations about banks as we get into the earnings story. dani it really: if this meeting between the macro environment and the banks, that so far have not been the most reassuring perhaps because expectations are so high. the kbw bank index up 11.25% this year. on friday we saw citi and jp morgan both fall. wells fargo does better. wells fargo did say that their net income should rise about 8% this year, so that is the macro story of perhaps a steeper yield curve helping the banks, but it is a different macro story that hurt citi and jp morgan, and that

does that mean when you look at bill ackman, who says we need to shock and awe markets, you have jamieimon -- are they off their rockers? >> i think so. [laughter] i think by the time the fed hits rate hikes, the s&p 500 will feed his prediction. at the end of the day, the wealth effect has not disappeared. we are in a highly leveraged context in the real economy and the financial system. ontario policy still transmits primarily to asset prices. the s&p 500 at the end of the day decides when and by how much to tighten monetary policy. manus: i mean, by the way, i love him. the only person in the world who will say jamie is off his rocker. dani: i'm so sorry, mr. di mon. don't mean it. manus: he's asleep. he is in a different time zone. you have decried the inflation punch up higher as being something which is structural and enduring. so the question then becomes, if that is the case, have we over reached and gone over our skis, to quote pimco, in terms of our expectations to what happens to rates? maria: when you look at -- >> when you look at u.s. two years, it's 1%. the tightening is

spending a lot of money, so netflix is having a harder time growing its subscriber base if i were bill ackmanthat's a concern i would have as i look to the near term future of this stock. >> it's up at $390 on an 8.5% rally. let's talk about spotify, which calls neil young's bluff, removing his entire catalog after he blasted them for spreading covid misinformation through joe rogan's podcast. promising to bow out if rogan wasn't removed here's my real question. what does spotify do if taylor swift is next? >> it is such a great question and believe me, this is not going to be the last time we see an artist clash with spotify over one of their podcast hosts. spotify is making a huge bet on podcasts and we know that those controversy conspiracy oriented podcasts are often some of the best performing, so i think we should absolutely assume that maybe let's say more contemporary artist than neil young is going to throw a fit and they may be able to give up that streaming revenue because as we also know, spotify doesn't pay that much per stream so if i were spotify, i would be developing a much b

curve why no >> yes i can believe that should have a proper diet -- >> they're not doing what bill ackmanouldn't try to surprise markets it's a weird economy with omicron and everything they need to hope that everything else sort of smooths out here we have to just putt up with it. i think the trends of the global and u.s. economy are disinflationary and will get back to inflation. >> here comes the chair. >> -- achieving the monetary goals that congress gave us. today the federal open market committee kept the rate near zero and stated the expectation an increase in the rate would be appropriate soon the committee also agreed to continue reduszing the net asset purchases on the schedule announced in december bringing them to an end in early march. as i will explain against a back drom of elevated inflation and strong labor market the policy is adaptding to the evolving economic environment and will continue to do so. economic activity expanded at a robust pace last year reflecting progress on vaccinations and the reopening of the economy fiscal and monetary policy support and the healthy

meanwhile at this point i think even bears would admit many individual stocks are oversold, hence the ackmanook a big stake in netflix with monumental drop in that stock. there is so much consider, so much to hash out. we have three of the best to help us out. victoria fernandez, eddie ghabour and alicia levine. everyone has a strong condition on this and there is no consensus. >> i think you're right, charles. the market took a little bit too. of a hawkish view what powell said yesterday. i'm not sure he intended for it to be that. if you watch the market you can see the exact moment when it started spiking. it was when powell was asked about rate hikes at every single meeting this year, and he didn't really do anything to shut down that thought process. when that happened i think the more hawkish tendencies started happening. we saw yields move higher. i think we raise rates at the march meeting. i think it will 25 basis points. i think they take a pause. i think they moving in optionality for themselves. they don't want to put themselves in aing box. they don't know what the next six week

the consensus is for four rate hikes this year and investor bill ackman this weekend said the fed shouldonsider a surprise half-point rate hike. steve liesman is here with more. how much more hawkish can we get at this point? >> you left something out, kelly. i will tell you what it was in a second you are right, stronger inflation and hawk yush comments from fed officials prompting a reset in expectation for tighter interest rate policy this year it is four hikes plus qt, quantitative tightening with upsides risk to that a march rate hike now a near certainty. a second hike in june carries an 85% probability according to refinitiv. the third hike is baked in for july or september with strong odds of a fourth hike now in december but that's just what's priced in to rates fed observers also expect qt or quantitative tightening with growing agreement the fed will reduce its balance sheet this year, maybe as soon as this summer that's the equivalent of another rate hike or two, and something the fed should do, goldman sachs writing four hikes plus qt may not be enough. they said in the kcom

are you talking with ackman? what's going on here, kar? >> oh, definitely. stock not that long, but we added to it and i'll tell you a couple of key points during the pandemic and the stock is selling for the same price as it was before the pandemic, they added over 80 million subscribers. if you take those 80 million and you say they pay about 130 a year that's over $10 billion of incremental revenue. they haven't lost that revenue because thepandemic is ending. they still have 10 billion is about what they spent on content. so accelerated adoption of netflix for sure and it's come down to 27 or less times next year's earnings and we think this is a very attractive entry point. >> okay. i should note you also bought more of booking holdings amy, you have a new buy and josh brown, pay close attention because amy is buying berkshire hathaway amy? >> we think this is a defensive play with the mix of businesses that are well suited to the macro environment that we're heading into or that we're in. so we like an attractive valuation. obviously well-run businesse

bill ackman writing the federal reserve could work to restore its credibility with an initial fist basedemonstrate its resolve on inflation. the fed is losing the inflation battle and is behind where it needs to be. to be sure, there are some out there. our friends at pantheon says the recent economic data suggesting these forecasts are a bit ahead of themselves, the strong trend has been to raise the tune iting with how much help the fed gets from the market, itself, tightening as you know, joe, if the market does more, the feds could have to do less >> the numbers last week, steve, i thought, okay, your numbers are scary. but it looks like there was a little bit of things subsiding a little if the fed went up 50, i think people would think, wow, they know something that maybe we don't know or do you think they got enough fear mongering about inflation that people might welcome that, what do you think in. >> i always thought this was an argument for the fed to take back what it gave on an emergency basis, i don't think that's what ackman is talking about. i always that back in 2001 whe

while i agree with ackman if on streaming as a whole, i need to see more from netflix on franchise buildinghough they were one of the first ones out there and they got us all hooked on streaming. kelly o'grady, thank you so much for that. >>> well, from a possible streaming slowdown to a booming economy, stocks swinging between gains and losses today amid news that gdp grew at a 6.9% pace to close out 2021. point bridge capital founder and ceo hal lambert joins me now. that 6.9% number was above expectations, and for the fourth quarter we saw 5.7% growth. it was the most growth or the fastest growth we've seen since 1984. so the market liked that. but you wouldn't expect that. we were coming out of a pandemic, and we were reopening the economy, right? if. >> yeah. i mean, it was a good number. the problem with the fourth quarter number is 70% of it was driven by inventory remennishment by businesses, so that's likely to not be repeated in the first quarter of this year which means you're going to expect a big drop in gdp going into 2022, and economists are expecting, you know, kind of 3.5,

netflix and bill that's what bill ackman will do this weekend >> yeah. >> huh rel, thank you. >> withft, here's where we stand we are pretty much at the session highs, well, we were briefly at session highs amazing volatility we see here up 1.2% on the s&p dow is currently up 211 points the high of the session for the dow briefly 300 points all over the place but very positive relative to the session lows this is a session where we have improved during the session as opposed to declined. u.s. consumer spending falling in december. we'll talk to white house economic council director brian deese about that data and the state of the economy >> plus, the tech earnings parade continues next week with alphabet, amazon, meta, and nap reporting. we'll ask dan niles what he's watching for later on "closing bell." well, would you look at that? jerry, you gotta see this. seen it. trust me, after 15 walks... gets a little old. i really should be retired by now. wish i'd invested when i had the chance... to the moon! ugh. unbelievable. esg is responsible investing. who's responsible for building e

>> yeah, i think both netflix, you also had bill ackman coming in on that 3.1 million shares.nk netflix wins in terms of king of content and the idea of direct to user programming is just something that's going to continue to grow covid has impacted them so positively, some might say, but actually internationally, where you don't have the level of fiscal monetary stimulus in the consumers' pockets, they haven't necessarily paid for subscriptions, so they do have pricing power. we'll see where that goes. with spotify, i like that story. they have well over 300 maus they have growth of about 13 million on average since 2018. there's a monetization story for paid advertising they're do all this cool stuff with podcasts with the obamas, with harry and meghan, and it's direct to consumer, people are sort of streaming and looking for what they want versus sort of classic tv and radio, so i think they might have a good growth story there >> boeing -- >> don't like the misinformation >> i know, but they haven't really delivered any information on the platform yet, have they >> i don't

of the co-ceo of netflix read hastings find $21 million of netflix on the debt so he joined phil ackmanstuart: a fantastic rebound from the loss ten days two weeks ago well about $400. susan: multiyear lows. stuart: a nice bounce and everybody's biden it. former president trump since he could pardon the january 6 rioters if he went another term in the white house from his rally in texas. >> if i run and if i win we will treat those people from january 6 fairly. we will treat them fairly. and if it requires pardons we will give them pardons because they are being treated so unfairly. stuart: i wanted to ask our meteor watcher about this is this the right strategy, it seems that they are looking back rehashing the past and looking forward to telling us how great things are going to be. >> i agree with you and if i were advising the president i would be telling and look forward to the next election it is over and you gain nothing by talking about it and if i succeeded in convincing him of that i'd be the first person who is ever succeeded in convincing donald trump of anything. he does wha