mike rawlings, thank you. coming up, netflix is down again. it's down big over the past 90 days.appening with netflix? we will tell you when we come back. ♪ erik: we are taking a break from jobs coverage to talk about netflix, in a bear market through yesterday. the stock was down 21% since august 6, 21% drop in 20 sessions. netflix is still the best performer by percentage gain in the nasdaq 100 and s&p 500 this year. of 107%. what is weighing on netflix, and can't recover? paul sweeney is here. changed? that much as the market is looking for high data, great performance stocks. it still outperforming great. investors i talked to were taking profits off the table. there are fundamental issues, number one is competition. the competitive landscape is getting more and more competitive. erik: you have the existing players plus apple. weighs in on apple any consumer market, the incumbents have to be concerned. that's clearly been a case for netflix for a long time. the case of when will apple get in, how will apple get in, and to what extent will they make a big commitment to program