. >> things have changed like hulu and netflix and amazon, they're just other channels now and in a ways is sort of prime day for all the streamers and then in another way i can't tell the difference between game of thrones on hbo and orange is the new black on netflix. it's something that's out there that i access through one box or another. >> absolutely. these are not ad supported and there's still a huge amount of money spent on television advertising with viewership going down so that's a radical change but two, netflix is just simply a better modern tv network. you can watch what you want to watch whenever you want to watch it where ever you happen to be. that's convenient. traditional networks are adapting to that but they're not as good at that yet. >> what's one the share price, right? and worries about brexit effecting sub growth. >> nobody said the content business is easy. it's very expensive but ultimately in terms of designing a network for the digital age, netflix is perfectly designed. >> do you think that consumers are developing brand loyalty toward netflix and hulu an

from true tv's "billy on the street" and the hulu series "difficult people," our friend billy eichnerback. [ cheers and applause ] and we'll have music from an excellent uk rock band, band of skulls making another appearance here on "late night." [ cheers and applause ] one of our guests tonight, billy eichner, like myself, a fellow northwestern university graduate. we were talking backstage. i want to say thank you to the northwestern class of 2016. i got to give a commencement speech on friday morning. and it was an honor for me to go back to my old school. it was also a surprise, i think, to almost everyone i graduated with who would not have predicted in 1996 that i would be giving a commencement speech unless a lot of [ bleep ] went wrong. so -- [ laughter ] thank you for that. also, it was very exciting. i got to spend my first father's day as a father. i have a three month -- [ cheers and applause ] thank you. and -- i want to thank my wife especially because i spent the whole day basically saying, "hey, not me." today's father's day. it's my day off. and my wife -- [ light lau

." >> yes, "difficult people" on hulu! >> stephen: yes. aneryone should watch it, thank you.ch other. we like to describe it as "will and grace" if the two leads were very unlikable. i think mike pence would love the show. >> stephen: the whole thing is you deal with celebrities all the time. d we have a lot of guest stars, tina fey, julianne moore -- >> stephen: did i not make the cut? >> we have auditions and we'll invite you. >> stephen: i'll do an uptempo on a ballot. >> by the way, i love when you dance on the show. >> stephen: thanks. and i want to say, you killed it this week. phis was your week. (cheers and applause) >> stephen: that's awfully nice. it has been a target-rism environment. >> yes. >> stephen: i should be cutting them a check. are you looking forward to anything next week, lady gaga. ou why, because i'm gay, emephen? i like lady gaga. i've seen her live four times. >> stephen: are you a monster? what happened to those little monsters? they're so old at this point. am i a little monster? ivee, why not? mlike lady gaga, yeah, sure. >> stephen: wow, don't d

we know that amazon and netflix and hulu and hbo and everyone else, content prices are rising. we see the growth margins coming down at netflix. we have to look at how expensive it is getting for them. when netflix was brand-new, they could feel legitimately, who knows how big this can be? maybe now they know. maybe it is not infinite. emily: cory johnson, paul dergarabedian, thank you so much for breaking it down. yahoo! investors are waiting for news of the company's pending sale. revenue was down, and profits missed at nine cents a share. joining me now, jitendra waral. they missed on some of these numbers. what are your takeaways? >> the numbers do not matter as much. we see investor focus on the sale. obviously, the deadline for bids was today as well. core business is not showing any signs of reversal. it shows marissa was focused on making the business easier to sell. emily: talk to us about the sale and the latest updates. today, as we understand it, final bids are due. what is the latest? >> we have a couple bidders, entities like verizon at the top of the list. today,

you have amazon, you have hulu and even sony crackle. and all of the content providers are starting to stream their own content now. in europe the eu has come down and said we want to see more local content and not u.s. content. they keep talking about some day, some day, some day they're getting into china. they're never going to get in china because la tv the dominant netflix of china owns 99% 9 of chinese content. >> i mentioned subscriber breath. many countries around the world, content acquisition cost has been a heated point for this company in the past. how do those content acquisition tack up given the fact the competitive landscape is what it is at least in the u.s. and places in europe. >> it's only going to get more and more expensive for netflix. that's the crunch they're facing in terms of any kind of operating income. they're subscriber growth has slowed down. the market in their core market here in the u.s. is mature and the competition is very intense and everybody knows that the linear television market is slowly, slowly

a lot of new competition, companies like hulu this is a big problem tore net nix, guys -- netflix. david: this is the worst possible outcome for what they were hoping for? >> yeah, absolutely. there really is a one-two. slower subscription growth and you have other companies like we just heard, everybody from hulu to amazon, even apple starting to come out with original content. i think it will be much more competitive environment. but longer term after everything settles out, amazon could be one of the names left standing given the content base it has. for me on pullback, might be something interesting long term. melissa: charles, i mean how do you miss your own estimate on that international subscriber growth? there were people out there thought they were sandbagging on number. that number wasn't that big. they come out and supposed to beat two million, and 1.52? whoa. >> they probably were sandbagging. that is why the stock will get hammered pretty big. and already is. this is class of its own. one of those high flying names and you throw away all the valuations networks. we've

but when you look at what hulu is trying to do, hulu is trying to do that, trying to create a streamingundle around them as the key entertainment hub. >> it makes a ton of sense. >> with other programming added in, so that that's it. because they got to figure out price points in terms of the streaming bundles so they can represent a price point that is competitive with, obviously, and at a discount to what you're paying for your bundle programming. >> you have to offer headline movies that really catch people's attention and they have not succeeded to date. >> hbo has done that you think? >> not as much as you would think, i guess. >> they get more of the big movies running on hbo once they've been out. >> they do. but i just think that this is where netflix has fallen, has not succeeded and the last quarter was not that good. you would like to think maybe people would subscribe and want to see "war machine" and brad pitt which i do. >> me too. >> that could be the movie, a break outmovie and the adam sandler has declined at the box office. netflix made him a -- >> not the draw he once

so, now paying member of hulu where i watch seinfeld episodes.think that's at all -- >> the company says it's not competition. not saturation and that they're not having to compete against hulu, apple tv, all access. a slew of competitors and interesting to see they weren't able to win you over despite spending $6 billion on con tent. larry, i'm curious if you think we're reaching the point that comes home to roost and able to get away with these ridiculously high levels of content spend at the same time that they're not even close to cash flow positive. at what point do investors say that i don't like this? >> i think you saw it in this quarter. they incremented sales by 450 million and cash flow by 10 million. and this quarter isn't going to be too much fun because you have pokemon 2 or pokemon go and which is consumers are spending 33 minutes a day on it. at last report and the olympics so it's going to be very problematic. competition only gets worse in this business. content's being created as an exponential rate and the valuation is very, v

>> i don't think they're missing because people are signing up for amazon prime or for hulu. i think if anything, bundle that you're going to start to see over the next 12 months, the big cable bundle, whether we're talking comcast, charter, i think we're going to see declines in subscribers accelerate. there's a lot of money. when you cut $80 down to 40 or even nothing, there's a lot of money to go around that you're going to spend on hbo now, hulu, netflix. the reality is it's a competition for great content. if you can make great content, the stock will work. if you don't think netflix content is good and that it's getting better, you shouldn't own the stock. >> i notice that you're addressing that fund nejts problem that they only had 160,000 additional subscribers in this country and as a result of one or two dollar price increases, people were deserting in droves. >> they weren't deserting in droves. that's where i would disagree fundamentally. i think the model shifted by 20 basis points. you're looking at a relatively moderate shift. remember last quarter domestically

you can also catch my last show, the special on hulu called getting to know you.ch upon, virginia, august 4th through 7th at the last something. >> yeah. >> yeah. >> come opp, everybody. >> thanks for having me, gorgeous. >> well, we know that dogs love to ride in the car. they love to stick their head out the window feel the breeze. well, in thailand, they lake to have the whole body outside of the car. to feel that prez. >> they are seep riding on top of the hood of the car and cruises done the street and it seems like they are even the best alternative for a horn because as they park, the people start moving out of the way. >> i caught up with this nation host in atlanta and i usually talking about entertainment this time i turned the focus to politics. halfway through the rnc in cleveland, i had to ask him what is thez with ob set about the gop nominee, dn al trump. what i have seen so far is a guy going out there seeing whatever is at the top of his head at the time. for boater for worse. well, owning up to it. a i know some people like hate to think, but wha

if you look at netflix, hulu, these new delivery technologies, they need content and that's what disney does. stumbled because of concern about eric spn, which is a real concern. something we're watching peopl turning off the cable box and going somewhere else in when they go somewhere else, they want that content, so we we think this is a great t n tw. you say a price of $60 i months. >> it's a fairly conservative love to be surprised on the upside. what microsoft is doing is i don't know if it's appreciated by a lot of investor, they are dramatically changing their business revenue model, moving away from a release of software, where they get a big rush of funds to a more awe knewtive to the cloud.y move the it's a graed move for them. we think that could lead to pe multiple expansion if they become more and more successful, so that shift in revenues to the cloud is going to have a big impact on microsoft. >> you also like starbucks with a target of $61 and you're looking at their long-term potential here, specifically as relates to china. >> krek. if you look at their earnings report

feel like you have to wrestle people and put them in front of a television because, is it on netflix, hulu cable box! you know? >> trevor: you made it sound like there's no tv atouchdown to the cable box! (laughter) >> i have cable. we all know people who don't have cable. >> trevor: well a lot of people are cutting the cord. >> yes. i sit there and say, well, where do you send your $500 a month? how do you do that? >> trevor: can i tell you and this is not because you're on the show, this is genuine, i bumped into the show, there was a repeat on comedy central, and i caught the middle of the episode. it was so funny in the first few minutes, i sought to find it, it was on tvland on demand, i found it. >> you're a good man. >> trevor: it's one of the funniest shows, honestly. >> thank you. >> trevor: it is truly one of the funniest shows. >> thank you. >> trevor: was that a true story, by the way? >> it is a true story. >> trevor: so for those who don't know, the story is basically around a tweet that you sent. >> a tweet. we're comedians, we try and be funny and some of that humor is buil

>> reporter: last month's reunion done on the now available on hulu seri this cast looking back at four of "ugly betty". a life changing time that began in 2006. >> i grew up with betty and these people. i can't talk without crying. >> reporter: nothing was wrong with her as betty with a foot in two different worlds. keeping it real with her latino family in queens and swimming with the sharks at her fashion magazine job. >> what did you think of me when ai first arrived? >> i hated, you, of course. >> reporter: the bleeding emergency bringing energy to broadcast tv. >> this is about correcting a mistake. >> reporter: like the steaming sibling. >> i think it was the first transgender character in prime time television. now we have lavern cox. i'm not a transgender person, but it was an honor to get to >> reporter: no one made the ugly betty plot spoil like wilimena. >> it's scary how easy this is. >> you are evil. >> reporter: but she was the last second addition to the cast. >> i got a call saying it's not working out. we need you tomorrow. >> reporter: what do you think of how it brok

and the original reality show puts april until a competitive spot against services like netflix, and hulu. brooke and jim. >> good idea? >> no, i have three apps on my phone. >> i'm old school, hena. >> thanks, hena. >>> well, just in time for campaign 2016, matel has released a new president barbie. >> this isn't the first barbie president but this is the first time that matel is including a female vice-president. matel provided these images of the first, all female ticket. since these toys are in the ad campaign will encourage girls to pursue careers as politicians. >> my daughter, also wants to be a president. so she can have a barbie, to live out her dream is amaze to go me. >> another cool thing customers can also choose their doll's hair color and skin tone. so everybody can have their own barbie president. >> indeed. >> still ahead on "eyewitness news", it is time to make doughnuts. >> pat gallen is on a sweet assignment to day, pat what are you doing. >> he is working the register. >> good morning, guys. welcome, here in duck doughnuts in avalon. we are making the doughnuts. name

twitter says maybe we can give them a different use case, compete more with the likes of opposed to huluing with facebook for that money. cane out of market games help in terms of the user growth. the live video will be a marketing vehicle for people who , theynormally use twitter might get linked to the video from another site and see the alongside it and then get interested and sign up for an account. of nottwitter accused have we seen any more movement on that front? sarah: absolutely. last week, they permanently milo, who was leading the abuse against leslie jones. we are blocking you permanently and we are also trying to figure out a way to do this better in the future. they had spoken a lot this year about trying to decrease the amount of harassment on twitter, but it is a difficult problem to solve. people can come back on with different e-mail addresses and user names. and theh profile block other moves can really help twitter keep people. onid: you can catch more "bloomberg west." tomorrow, tune in to bloomberg television for a special edition of "bloomberg markets: the fed deci

. - [evan] ...and hulu and all those non-connected, cable-corded shows as tv? - in hollywood, in the world of getting acting jobs, it's as much tv as anything else. - in fact, if you look at the award nominations, which you know are worth basically the statues that are produced for them, so what? but it's all netflix and amazon and a lot of the cable programs that maybe once upon a time wouldn't have been thought to be... - right, from my end as an actor and a performer you look for interesting, good material that has integrity, and then you hope for eyeballs on it. obviously you hope the project comes together, and then you want viewers, so that's the interesting part for me. i loved working with amazon. they really took time and care to put together all the aspects of it. we'll see how it comes out, we'll see if people watch it. - and the principal creative force behind that program was somebody who had been connected with the film nebraska. - yes, the writer of the pilot wrote the movie nebraska, the directors...the husband and wife team that directed little

apple, hulu, and you tube, the only way to get it. >> you can get it on cnbc.com, too. >> you can't just watch it on the air. it's not like you can tune in at a specific time. >> are you guys in the show? >> we are not in the show. >> but carl's in the show. >> okay. >> argue with the man. if we're not in it, he's not going to watch it. thank you. let's get down to the new york stock exchange. jim cramer joins us now. we are -- i didn't notice, jim, did you see ibm sneak back from one 116? >> i thought a lot of people might call it a breakout. cognitive businesses started doing better, finally are ahead of plan. but there will be other people, including software businesses that aren't just that good. it's a real tug of war. the stock has moved up a lot. it wouldn't surprise me if the stock does nothing. not a bad quarter, not a good quarter. >> how about gold january mman? >> we need to know more. gold janua go goldman has to give you color. people were trading gold januarimgoldman on the quarter. i saw the stock up big, and down. i n

at hbo we are looking and showtime or hulu and amazon prime, the cost of producing this is going up. don't give us a clear indication of how far they spread that out and how valuable is the first season of house of cards or daredevil when it is four years old? do they use it over 18 months or change it over time? they've got some wiggle room in terms of the cost of content. rising,nt cost is content is getting more expensive and you can see the result. ist you don't see commitments and contingencies going forward. not everyone pays attention to that but that was $12 billion in minimum commitment to content they have to pay out in the coming years. they have to grow the subscriber base to pay for the content they are contractually obligated to. it's disconcerting to people who worry about things like that. more reactionet to these earnings from the president of created -- of creative strategies. skiving in.r what do you see on these net looks earnings? if you look at netflix, this happens every three or four quarters where the numbers are up, down, up, down and it's clear at this poin

a press release last night, they pointed out bidding against hulu and amazon prime. be a content seller and not a content higher these days. netflix is facing an enormous amount of competition. you can see the billions valleyp worrying about subscriber growth? it is a problem for twitter as well. it becomes a matter of quality and not quantity at some point. cory: these guys are facing a ofblem dollars guaranteed to content providers. vonnie: cory johnson, editor at large and bloombert west coanchor, thank you for joining us. still ahead, we will take a look at this auction of david bowie gear. that is coming up next to her you are watching bloomberg market. ♪ -- next. you are watching bloomberg market. ♪ vonnie:vonnie: one of the most recognized artists in the world. something he kept from public view. now nearly 300 works from david bowie's private collection, will hit some of the auction block. a chairman joins us now here in the studio. great to have you on. thank you for coming in. is there a standout he's? >> there were so many fantastic works. if i had to name

when your competition is netflix, hulu, amazon, all these entertainment platforms are vying for the heartsnd minds and dollars of the consumer. it is rough seas. a one or two dollar increase can turn away subscribers. that is their challenge. they were predicting 2.5 million subscribers. it came in at 1.7 million. it is all about the content, price, and competition. all of those are in play for netflix. emily: what about the price on making original content? they are spending $13.2 billion to make original content. we ask this every quarter. is that going to pay off? >> well, that is the hope for netflix and every content creator. by the way, netflix has terrific content, but that comes with a price. we, as the consumer, expect the price is never to go up for us. we want that great content and leave it up to the creators like netflix to do that however they need to do it. i just want to keep my prices the same and get great content. it is not necessarily the most fair model for the consumer to have, but the pressure is not on us to make the stock price go up. the pressure is on companies l

a part of the statement was it's not because of hulu and it's not because of amazon, but i also think if i were running a business, may i alsoly wouldn't give a shout out to my competitors, so we don't know if that's true or not. charles: the reed hasting guy runs a business in a unique way. what about the pricing? it felt to me they've had a series of price increases. they did a price increase, looked around and got away with it. and now it has caught up to them. even though it may look like a little, i think that may have hurt them. >> and honestly, charles, the math is still out. i don't know what bundle you have, but i think a lot of consumers are beginning to add up. okay. if i have netflix, if i'm paying for hbo's product, and i still have a cable subscription, and then sometimes they add it all together and they think you know what? maybe i'll just keep cable, there's enough things to watch. there is a kind of penny pinching mentality that i think a lot of consumers to your point once it gets higher and, listen, netflix is responsible. they send you e-mails. we want to continue

is when this news was crossing, that, you era for are in a golden television and film production, hulubo,amazon, juli showtime, stars, all of the traditional makers of content. ae we starting to look at similar thing where the artists are going to start to get flushed with cash? complaints from the artists, saying they're not getting enough from these streaming services. >> right. there's a couple of different problems that are crossing in the streaming services. one is getting the money flow. and that is, you know, getting from anies that -- consumer to go all the way through the industry value chain, back to the artist. that is really problematic right now. lot of great companies trying to solve that problem. the other is just the economics isstreaming in general and there enough money in that to float the entire industry? 2015 was a really significant in the fact that there was growth and there was tremendous 44 to 68 million, year over year, from 2014 to streamingaid subscribers. that's tremendous growth. but is that enough? is that enough to support all of the mid-tier and top-lev

. >> whether amazon or hulu. >> and obviously hbo. >> there's always room for everybody.he fact is there were a lot of people who just decided, do you know what, we just don't need this, and maybe they feel they can get it everywhere, i don't know. people -- there always seems to be time for everything else, many sites to read. this was -- like i said, it was baffling, and i -- i'm going to talk about that on mad money. i don't think they really know. those who in the household using it a bunch of times, and they're not anymore. there was no clear answer. they -- it's this ungrandfathering thing, i was very uncomfortable with that term because it just didn't res innate. >> the people who decided not to take a price increase. netflix did not regard it as a price increase. they were saying you got a big break and the break is ending. >> you're staying at the price for this amount of time and that ends. >> i just think about amazon prime. costco raised the price a couple times. there's, like, 80 million people. so what. amazon prime. so what. people said, cramer, you were po

season two of binge, conversation with content creators is streaming on cnbc.com, apple tv, youtube and huluping a new project with a set of older elderly characters. he believes eventually media is going to pay attention to the demographics of this country and start catering to the viewers. ad buyers too. >> and with the vocabulary of a sailor. >> he looks 74. like in a good way. >> unbelievable. >> anyway, great interview. up next, we're going to talk to a hedge fund manager that's been pushing nintendo to move into smartphones long before the release of pokemon go. behind his strategy when squawk alley comes right back. i asked my dentist if an electric toothbrush was going to clean better than a manual. he said sure...but don't get just any one. get one inspired by dentists, with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque and rotates to sweep it away. and oral-b delivers a clinically proven superior clean versus sonicare diamondclean. my mouth feels super clean! oral-b. know you're getting a superior clean. i'm never going back

season two of binge is streaming on cnbc.com, apple tv and hulu and youtube. >>> when we come back, twoealth mergers being discussed. we will explain why in just a moment. baer. >>> at the "halftime report" an exclusive interview with aetna ceo and the doj blocks his deal. >>> and whether the recent rally is for real. >>> and the latest on pulte and elliott. >>> coming up. >>> thanks. we appreciate it. we want to get down to d.c. and bertha coombs speaking of antitrust issues and healthcare mergers. joined by a special guest in d.c. over to you. >> reporter: thanks very much. i'm joined by bill baer, the number three at the department of justice. you're moving to block both the aetna and humana acquisition and aetna sigma acquisition. are you going to try these both together? >> no. we actually filed two separate lawsuits this morning, challe e challenging these transactions separately. they involve different products, different markets. while we are filing both cases in the district court here in d.c. we will be preparing to go to trial and s-- separately the two cases. >> you are talk

question, what verizon can do is sbi grate this so that you're getting everything from what netflix and huluoes to what nbc and disney do to what a company like google does which is giving you connectivity and giving you content and giving you community. one of the roots of the internet with this motion of forming community, yahoo! like many companies missed the social network revolution. that's what verizon has to do as well. and verizon has to extend it's footprint so it's not just a mobile carrier and it's competing nationwide. >> i see it some what differently. so me aol and yahoo! were the google and facebook of the internet 15 years ago and they just flat out failed. in a sense nobody asks what you are. until you're screwing up. what is verizon now? now that it has aol and yahoo! you can ask the same thing. it doesn't matter what verizon is. it's big, it's successful, whatever. in a way, yahoo! did turn around under terry and to me, covering it at the time it seems the error in retrospect is people faulted yahoo! for not being google. it was diversified and doing a lot of the things th

a california court ruled sharing your password for popular streaming platforms like netflix hulu and hbo go is a violation of the computer fraud and abuse act. the decision comes as part of the united states versus david nose l case which he left his job yet continued to use the pass word of a person still at the firm to download information for his new job. while the ruling is not directly linked to sharing netflix accounts, federal officials say the verdict is more about quote authorization. >>> women tends to earn less money than men and when they retire they are more likely to live in poverty. experts cite a pay gap as a major cause for retirement and security there are also other factors that play a role. women who raise children and care for sick and early der family members often tend to spend their savings on other items. divorced single parenthood and the fact that women typically listen longer than men mailed a major factor. the national institute on retirement security says women are 80% more likely than men to be impoverished at age 65 and older. >>> toxic algae that's ta

just ruled that it is illegal to share your passwords to subscription based services like netflix and huluruling finds certain instances of sharing passwords are a federal crime punishable by prison time. this stemmed from case involving a man who used a co-worker's password to gain access to his former employer's website which sounds a bit like hacking. >>> all right. a big recall might just affect what's in your pantry. general mills has just recalled three more products for possible e. coli contamination that includes two flavors of betty crocker cake mixes as well as kruateax pancake mix. you can find that full list on fox29.com. >>> you don't happen to live part time in indiana, do you. >> no, i wish i did. >> so do i. somebody in indiana is $540 million richer. 5 million. >> they haven't come forward yet. they still got time. mega millions says the single winning jackpot ticket was bought at this speedway gas station in cambridge city, indiana. whoever bought it came in 10:00 p.m. friday. the winner can take a one-time lump sum or 30 year annuity. the gas station owners will get a hu

california ruled on tuesday that sharing your password for popular streaming platforms like netflix and hulubo go is a violation of the computer fraud abuse act. it comes as the united states versus david nozel case where he left his job but continued to use the password of a person still at the firm to download information for his new job. the ruling is not directly linked to netflix accounts but the verdict is more about, quote, authorization. >>> gas prices have dropped nationwide but the bay area the most expensive place to fill up your tank. the average price of gas here is $2.90 a gallon. industry analysts say the drop in gas price come from low oil prices and a low supply of gasoline. the expert says that prices are down 54 cents compared to this time last year. charleston, south carolina has the lowest price in the country, coming in at, get this, $1.91 a gallon. >>> after mosquitoes with the west nile virus were found, officials in the santa clara vector control district have scheduled fogging in week in san jose. west nile causes flu like symptoms that can be fatal. the virus canno

gear,oculus, samsung netflix, amazon, hulu.e the key challenges in producing content for so many different players? pete: a lot of it has to do with how you offer content from the onset. there are tethered high and systems and something for mobile. you have to be up front that either works on mobile or it works as a tethered experience, more costly to make. or create content that you would dovetail out of that. so we have things we are doing internally to leverage assets on both sides. side or the other when you are doing the project. we have projects that work in different places. emily: you were very involved in the activision call of duty franchise. a lot of the gaming companies we have spoken to like take 2 and e.a. and even nintendo have been cautious about virtual reality and investing resources that. they say, we are going to wait into the market develops. are they on the wrong side of history? pete: possibly. a loss of what you see is the approach of seeing things, how they pan out. any come in later and do acquisition.

amazon, hulu and everything else. >> tim cook, if you're listening, a great place to put your cash. >final look at this day and a look ahead at tomorrow's big earnings when we come back. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. >>> welcome back to the halftime report. there's a look at stocks today. s&p is up 11. dow is right at 18,500. i want to bring the show full circle back to those comments. we heard from larry fink, who said the market probably didn't deserve to be where it is. paraphrase, but he was talking about where stocks are, whether they deserve to be there. he says no. >> yeah, he made some weird comments. so people are not pulling out necessarily and i think deserve has got nothing to do with it, to quote clint eastwood from "the unforgiven." we never deserve where we are. i would ignore a lot of that stuff. >> good stuff. see you tomorrow. all of you as well. "power lunch" starts now. >>> gold down, tesla under fire, and for some reason pokemon go is still a thing. m

. >> that's a really -- amazon, hulu, in this case kroger sprouts, goldman had taken whole foods to a sell that looked like a good call at 34. >> there's the opening bell on the s&p at the bottom of your screen. big board it's tell every amazing lady about ovarian cancer highlighting the foundation ovarian cancer's walks and runs and nasdaq comics unites nations aiming to bring the messages of sustainable development to children through the power of comics. let's talk some ford. jim? >> yeah. >> wow. >> a lot of these on higher defaults, lower resale values. >> it's funny, we have -- he told me this at the end of june when i was out there to see him. he basically said, exactly this. get a listen to what he told us here. >> this is mark fields back in june. >> we're going to have a strong year. we've said that. but we're starting to see some things in the marketplace that we hadn't anticipated last year or even the first quarter. in the areas here in the u.s. on -- that we're dealing with the expanded takata recall which we -- >> right. >> did not anticipate. >> that's more than a mill

package or you name it, one being -- hulu actually combines a lot of the content companies but thoseill represent a competitive threat not to mention, of course, those who sell netflix content may be a bit more wary of doing so or more selective. international is the key area for growth anyway. >> first of all a pretty opportunistic call, stock up from 87 to 98 in a week. it's struggled, trading well below last year's highs or the early year highs this year. it seems like one of those stocks that it gave you an opportunity to lighten up on it in this round. that was key, the idea that first mover advantage is something that is waning a little bit over time. i actually think of the thought experime experiment, what if itunes was a separate start-up company as opposed to apple when it came out. so revolutionary and huge initially but then it became a little bit crowded with other offerings. maybe you're looking at something similar even if the originals keep netflix in the front of the pack it's not necessarily alone. >> yeah. second negative call on netflix this week after kneedam's c

and it's really now that the netflixs and hulus are starting to be something that people consider ashe first idea as opposed to the secondary idea. when we took power out, we were first going to the traditional platforms and starz said yes. i don't know what it would have looked like had it happened now instead of four years ago. >> and then you got a deal with a plethora of options about how the content will be delivered. is it week to week? is it all a season in a row? i assume those have extreme creative consequences. >> well, i think for us, because we are a week-to-week show, i feel very strongly that we have a really high bar on trying to get people to come back every week. because the show is not available all at one time, you know, people can't just sit on the couch when they have three hours unless they wait until after the show has been aired fully to watch three episodes in a row. i always feel like i have to show a little ankle in terms of storytelling to get people to come back. >> and how has your job changed over the last few years? there are so many difference ways th

. >> they have made it illegal to share your passports, to share with netflix and hulu. instances of sharing pass words, they are a federal crime, okay, punishable by prison time. >> are you kidding me. >> this is stemming from a case involving a man used co-workers pass word to gain access to his former employer's web site. >> and really these companies want to make all of the money. so if you pay, i pay $10 subscription for netflix. if i'm writing the twins, my brother, my parents and a friend use it, netflix is getting five or six people getting access for ten bucks. they want all their money. >> what about doing prison time for that. >> that is a little much. >> i think what would hurt worse if you ban people from having a netflix subscription because then you are missing all of their good content. >> i don't like privacy issues where someone knows what i'm watching. i want to watch gia where angelina jolie is naked you don't want your wife to know that. >> i don't want her to know what i'm watching. >> four will 51 is the time. >> photograph some are saying symbol o

that's good news for netflix but the new licensing deal put an end to the cw's deal with hulu which allowedhem to be aired the next day. >>> crissy may have been a swimsuit model but she didn't wear them. neither she nor her husband can swim. now both parents plan to learn as part of being good parents. you feel relieved that you know that now? >> maybe one day they will be able to surf, too, right? >>> nap chat is catching on with a -- snapchat is catching on with adults. those between 25 to 34 used snapchat, doubled from less than two years ago. there's 5% more users over the age of 35. experts say the increase in adult users has not made the app less popular with its core user base. were you just talking about -- you were just talking about snapchat the other day. >> we haven't downloaded it yet. yet. >> you're right. i was talking about it the other day because my friend had it and my daughter loves it. >> the animal faces. >> and the dog faces with the tongue and -- >> i just don't want it because i think it's -- gianna, i think it's too addict, right? >> i'm on it. [ laughter ] >> yea

. >> ugly betty still lives on today, streaming on hulu. but what about a reboot? >> i would be interested in a ugly betty continuation in any form. >> you know, they get a first look deal on our two-hour movie special that we're declaring right now. i mean i'm making this up. >> one of america's favorite episodes was her tv sister, ana ortiz getting hitched to adam rodriguez. >> i adore you. >> what was it about shooting that wedding that was so emotional for you? >> whenever anything emotional happened on the show, it felt like these characters, but it was also us. it was our family. >> e.t. was on the set 15 times, and we even captured that epic cat fight between vanessa williams and judith light. >> and i don't know why. >> yes, queen. >> you get over -- >> oh! >> it was the most fun. and of course because we know each other, we knew that we were going to be safe with each other. so nothing was going to happen. we had such a good time. >> and listen to this. judith light may even have more to celebrate very soon because her current show, transparent -- such a g