>> florence signa: 1941. >> julia reed: '41.ot his start selling hot tamales to go. in the beginning, the place catered to the black community. but after word got out how good the food was, white people started coming. which led to a kind of weird accommodation to the segregation of the day. blacks came in the front, white people snuck in the back. the menu expanded with the clientele. what human qualities are unique or marked in the native of mississippi? >> julia reed: i cannot address mississippi 'cause like i said, the delta is a whole 'nother planet. >> anthony: wow. okay, better question then. how does the lifelong delta resident differ from the other -- >> julia reed: you had to be a little crazy to wanna come in the first place, 'cause it was like the swamps, buddy. it was under water. i mean, you had to be crazy to come, and you had to have enough money to make it work. so you had some sort of gamblers. i mean, that -- that spirit still infuses the place. it's a little reckless. it's sophisticated 'cause they'd all come

host: how much independence at live right does julia reed-- does julia have to approve all your acquisitions? guest: yes, but that's a joy. juliet is an amazing boss. publishing is a financial aspect. often you may not get a book because you want to spend the most money on so there's always that aspect. we are at the top. generally, the opry much agree that we want to do books that last. host: why would you publish something under live right then norton? what would be the reason guest: bob has relationships with agents and authors that go back for a lifetime and there are agents that are the same as thrilling to have them at live right. there are republication's of work. another one of these undersigned characters in the american civil rights movement was arrested sitting in the wrong part of rose park. major instrumental in the major civil rights case. her memoir was basically down for the count and now live right has published those. i'm very excited to be editor. i did want to tab one more norton book, which is rampage, macarthur-- [inaudible] its extraordinary. james scott is the author,

julia. >> melissa, ceo reed hastings explaining the disappointing user growth and not -- with a lower than expected subscriber forecast for the third quarter, he acknowledges that netflix's rivals are formidable and growing. >> there's a lot of new and strengthening competition with disney entering the market, hbo getting additional funding, the different french broadcasters coming together. that's all normal and expected it is what it is we're not going to be able to change it. >> some analysts see this as a buying opportunity, as do investors with the stock bouncing back from its lows. it was down after hours. now shares are down under 5% stifel upgrading netflix from hold to buy saying we view netflix's long-term outlook positively given the up side case we believe exists for the company's domestic and international opportunities. we did count at least five analysts lowering their price targets. deutsche bank downgrading netflix today saying the shortfall is most significant because they've taken it face value and it could mark an end to the accelerating international net add trend that

julia boorstin picks up that part of e story for us now. >> netflix ceo reed hastings attributing the streaming giant's disappointing subscriber growthnd not to any internal issues or to competition, but to the challenges of forecasting and typical dips in the second quarter. analysts are now looking at what netflix needs to do to justify its valuation. >> the key is can they get their mojo back in gear in the quarter that we're in right now, the third quarter and create content that people care about a lot more than they did last year? you know, last year in the second quarter, they had to show 13 reasons why which wasy hug impactful and tons of buzz. nothing in this quarter came close to matching that. >> but analysts are still optimistic aenut the pal for expansion especially internationally. the second quarter was the first international streaming revenue surpassed the revenue from domestic subscribers and that trend will only continue. >> the growth will come internationally and netflix's y numbers frterday was a little off and not off that much so it's not that bad. the question

side and i'm not sure what the volume is like but it's down 13.5% >> julia >> sara, just to that point you made about competition reedngs speaks about it directly they talk about hbo and disney saying they're evolving to focus on internet and entertainment services saying each of these is striving to find the best creators from around the world to entertain its viewers indicating they're not concerned. here it's interesting that reed hastings directly addresses the mergers that we've seen happening in the media space he says we anticipate more competition from the combined at&t warner media from the combined fox disney or fox comcast as well as international players. so he acknowledges that the merger environment, the consolidation that we're seeing right now will generate more competition. he says our strategy is to simply keep improving as we've been doing every year in the past i'm sure at the conference call, reed hastings will be facing quite a number of questions about whether the lower than expected subscriber growth was in anyway due to competition from all these different services it sounds like what he says