with his outlook on the company, former nbc universal co-chair ben silverman.ou. wall street leading into this report has been giving netflix a ton of credit for being kind of the undisputed leader, having basically everything that it would take to withstand this tough environment, the head start in streaming, the amount of content they have in the tank to go against the writers' strike, just in general this pricing power and a new ad tier. so, did anything change in all of that with what we heard last night from the company >> i'm content creator, not a stock expert, but i read those numbers and was so impressed 5.8 million subscribers added and i see, you know, just a giant business with over 223 million people paying every single month to subscribe to the service. it's, you know, bigger than multiple super bowls every single week, watching the service. so, i'm service. i'm impressed with the platform. they're profitable and they are a great partner to supply as a producer, creator and production company. and i do think between their huge international progra

. >> later, ben silverman on whether the amazon cost cuts should take place. >>> let's take a check of the markets. it's the yield curve that's the story in today's session the two-year yield hitting its highest levels since 2007. this is a fresh cycle high the ten-year also going up it's that spread that's of concern. it's a five-year offering another place for investors to go as an alternative to stocks that's concerning here also, of course, that's a damper on valuations. that's exactly what we're seeing play out in the market today with s&p down by more than 1% at this point. >> premarket was already negative and then we got the labor data, claims about a two-week high. obviously, adp double expectations hasn't been too many firms changing their estimate for tomorrow, but adding that line, there is upside risk to our estimate. >> i think what's interesting about the market suggestion of the jobs data, it came in indicating a stronger jobs market and yet we've already priced fully a rate hike in july the move in november is hardly anything so, you know, it's what new did we know? th

. >> later, ben silverman on whether the amazon cost cuts should take place. >>> let's take a check ofhe yield curve that's the story in today's session the two-year yield hitting its highest levels since 2007. this is a fresh cycle high the ten-year also going up it's that spread that's of concern. it's a five-year offering another place

who have been looking for some discipline when it comes to these production budgets we talked to ben silvermanesterday, and he was saying, look, it's a good excuse for a lot of these content companies to pull back >> it does >> on spending in the near term, and longer term, they'll be hit by lack of a pipeline. >> a lot of the conversation, of course, does come back to a.i., interestingly enough, from what we've been talking about this morning and from the last few months, generative a.i., how that may threaten certain parts of the ecosystem in hollywood and what they want to do with it not to mention the change in the model that has resulted in far fewer residual payments because things don't go into reruns anymore. it's not "friends" and "seinfeld" world anymore where when you make a hit show, you can live off it for a long time. >> the stream of ongoing revenue isn't quite there. it's almost like the oil industry overinvests in producing the commodity. then, because there's free money, people have a perception of insatiable demand, and then you get a little bit of a market correction, and d

of fraud," co-authored with the journalist jacob silverman, it highlights the inherent risks and practices within the industry. joining us right now is ben morning >> good morning. >> how did you first -- we were talking about it offscreen here, but how did you first get interested in this and decide that you wanted to go -- you started writing articles a couple of years ago about this and taking to twitter with your views of crypto. >> like most americans, i stumbled on to crypto with a friend of mine he told me i should by bitcoin unfortunately, he gave me the worst financial advice of my life >> what was the price of bitcoin right now? >> somewhere between $40 and $50,000, probably. he said i should buy it. i said, okay, what is this stuff? i was green at economic, and they weren't currency. people were using them as investments. that was odd to me i didn't understand what that meant. so i went down the rabbit hole and i just looked at the market structure, which is very interesting. of course, most of the volume in crypto runs through overseas exchanges. sam bankman-fried's ftc, in the bahamas, binance, where we don't know where that