what is the prevailing sinking around netflix just sinking around netflix -- thinking around netflix?nk -- you should look more closely at buying disney, which is way cheaper and has equal if not much greater capacity, proven capacity, to build high-quality content. it makes me wonder about something we were talking about last week. should disney by twitter? if twitter went down enough in price, they could have a distribution vehicle on top of their content creation capabilities. the way to think of netflix is a really effective media company that has an internet valuation, and i'm not sure that make sense. emily: cory? cory: no free cash flow. netflix will burn through $2 billion this year. it doesn't look like -- media companies are all about free cash flow. they are investing in growth, but u.s. subscriber growth is low. then they have this off-balance-sheet problem, where they have $14.4 billion in content that they have a contractually guaranteed minimum to pay. when you see the cash flowing out is because they are paying so much for content in a competitive environment. emily: w

matt: netflix. huge news..6 million subscribers in the third quarter due in large part to the hit series "ranger things -- ."ranger things ar the world's largest online tv network rebounded adding about 375,000 customers in the u.s. the company added 3.2 million customers outside of the u.s.. where is the growth coming from? third-quarter revenue exceeded estimates things to after growth for newer businesses. a sign the couple he may start expanding again soon. ibm operations now make up 40% of total revenue. becoming a key driver in ibm's revenue performance. that is your business flash. scarlet: coming up next, 22 days away from election day. donald trump repeating his warning that the outcome will be rigged. just how founded are these claims? ♪ matt: trope in clinton will meet for the third and final debate wednesday in las vegas. joining us from bloomberg's washington d c euro to lou on let me first ask you about the spread between hillary clinton and donald trump as far as the polls are concerned. is she

so will netflix have a similar fate?ney moment, if you will, in a sense that maybe, maybe this is the earnings period that investors start to really reexamine the bull thesis behind the stock. guy, what do you think? >> could be 100%. and listen, by the way, i've been bullish on netflix so i'm sort of contradicting myself here. the thing that concerns me a little bit, october 7th, reid hastings come out in response to what's going on in china. and he said, you know what, china is not looking that great. of so i'm concerned that maybe he is setting the market up for a bit of a disappointment this coming monday. with that said, july was a disaster that quarter. the stock traded down and held the 85 level we flagged a number of times and it's really bounced pretty nicely since. that's your key support. you've got to wait and see what they say until after monday to trade this thing, in my opinion. if it does rally post earnings, i wouldn't fade t. >> the irony is kind of -- facebook -- sorry, netflix benefits from the cord-c

want to trade netflix now. all well in netflix-ville? >> the street got totally caught off guard here, scott. on this trade. there is expectations for negative ads essentially for this quarter. they blew numbers away. 120 bucks a share, i'm not chasing it, though. i think it's a little rich here. 2017 is the year of change. we need to know that '17 guidance is what is on par. i need to hear guidance from the company before i jump in here. 120 bucks from a seller. >> who is a buyer? >> not at 120. i'll never be a buyer of stock up 120%. what i will say, they lieutenant did exactly what they need to do. this is a company that is running off a down escalator. they have to continually have that subscriber growth. they have to continually grow. otherwise their business model kind of falls apart. so i'm never, ever going to buy it at 120. i'm not sure that 2017 is going to be something i feel comfortable about. >> look, so i have been quite negative on the stock. but let me at least go out -- that's what we do here. part of what we have learne

netflix is down about 1%. we will tell you what to expect and give you an exclusive interview. >> get this, he is invested in uber, air bnb, spotify and pinterest. we are talking about ashton kutcher. he will talk about his next big investment. >> that is coming right up. the report saying trump's tax plan will create more jobs than clinton's in the short term. we have the man behind this report to explain. >> let's start with breaking news. >> we had over the weekend -- showing hillary clinton with an 11 point lead. now come out with polls in four important battle ground states that continue the daunting task of donald trump and portray how difficult it is going to be. first of all, state of colorado, this is one that barack obama carried. republicans were hoping to bring back. hillary clinton is ahead by eight percentage points. florida a critical swing state ahead by four. in pennsylvania which has been an anchor of donald trump's rust belt strategy to get those workers who had been negatively affected by t

. >> repor rock joins a number of critically acclaimed comedi on netflix.theri its reputation as a destinio for comedy. and netflix's win is a loss for rival, hbo, which has a 20-year histor with chris rock, airing his talk show and previous comedy specials. this investment in chris rock is part of netflix's overall plan to have 50% of its content be original programming, as hole wood studios looks to distribute their own content more directly. >> there is definitely this separa happening between netflix and the studios. and i thin netflix's perspect they're trying to positi this as a positive in their evolution they'll have unique content you can't get elsewher and that's really what viewers are most interested in now. >> with amazon and hulu also ramping up investment and hbo going direc to consumer, industry barry diller said earlier this week, he still thinks netflix's strategy can >> they don't really make very much money. but they're going for a much bigger and so eventually, it will work out so that the economics work out. that's a fantastic model. t

stuart: has netflix had its day? >> you know-- >> is netflix a thing of the past?oh, there's a question. i'm awfully story, folks, you could say i really got that one wrong, could you not? what a difference 24 hours does make. [laughter] today far from being a thing of the past, netflix is going to go up 20%. it will go from 99 at the close, to 118 and channing -- change today. they now have 86.7 subscribers worldwide, nearly quadrupled what it was. they added 3.2 million worldwide this past quarter. 50% more than expected and this comes off the weakest subscribers growth in three years, in the prior quarter. stuart: so that's a real bounce with the people paying x-number of dollars per month. there's another story, they've got unique content. ashley: they have. stuart: welcome back. what's the unique content that everybody loves? >> let's be honest. house of cards put it on the map and then "orange is the new black", and they've carried others, and they've done this deal with disney which has proven to be a huge success. they put "zootopia" on netflix and that's a

. >>> netflix shares up over 20%. revenue and subscriber growth coming ahead of forecasts. >>> good morning, everybody. and welcome. you're still watching "street signs" here on cnbc. we're getting some inflation dates from uk. september cpi rising to 1% year-on-year. highest level since november of 2014. it's slightly above the reuters poll which had that reading at .9% year-on-year. when looking at the year-on-year figure of 2016 third quarter cpi you're look at a reading of 0.7% versus the bank of england august forecast. core cpi excluding energy, food and alcohol and things like that 0.2% month on month. glancing through and looking at house price, plus 8.4% versus 8% back in july. the london average 12%. so house price averages continuing higher. . it draw your attention to the fact that september producer closely watched given the decline in sterling are up 7.2% year-on-year. slightly smaller increase we had forecast or expected. it was expected an increase of 7.4%. that's the fastest rate in rough le three yea

netflix is coming out. david, go ahead. david: netflix out with third quarter results. cheryl casone has the results what does it say? >> many so of it. i want to go to the revenue, a slight beat on revenue. estimate was 2.28. so that is in line. the question mark is earnings per share. we're waiting on adjusted numbers. earnings per share was six cents. we're looking and still waiting as headlines are crossing right now on subscriber growth and churn rates for the company. we're expecting 2.3 net subs right now. we're trying to go through and pull numbers right now. we're watching the bid-ask on the stock as you can see right now. we're getting in revenue a slight gain. that is really not great. they needed to see stronger side on revenue issue. they're not getting that. a lot of concern about this number, they're in 50% of the u.s. homes. the u.s. is the problem according to analysts, guys. at this point because of price increases which are not just coming in from the last quarter but really kicking in this quarter, we don't expect this to be solid growth. we're looki

apple did not by netflix next year, and apple has the money and they can compete with netflix rightto, and they could out bid netflix, who knows? >> do you think subscribers will turn these services on and off, and once you are hulu, or name your amazon prime -- amazon prime comes with it, but you don't see people getting out of these things? >> well, churn is much higher than what people subscribe to cable, and that's because you rely on cable for not only tv, but internet and sometimes a phone, and i think it's unfair when people talk about the churn rate on netflix is high and it's unrealistic, and people overestimate the impact of pricing and when that $10 comes off your debit card i find it hard to believe with all the value netflix is providing, when people see the extra 99 cents, people say they will cancel, i think it's over played. >> and the price hikes, as they start to kick in, people are realizing their prices are going up, and there's a saturation problem, where in the united states, at least, the would be clients are already subscribers. >> i think saturation d domest

it's 8:00 am at netflix headquarters in los gatos, california. it's 11:00 am on wall street and "squawk alley" is live. ♪ >>> welcome to "squawk alley." john forte and myself and kayla tausche and from our nation's capital, ceo walter isaacson. good morning to you. >> good morning. thanks for having me back. >> our top story is the shrinking media landscape. at&t's bid to buy time warner getting push back from the street. likely to face headwinds in washington. $148 billion in telecom deals have been withdrawn since 2015. a lot of that, of course, is due to regulatory scrutiny. walter, we spent the last 24 hours talking about the economics and sense of the deal versus the tenor of our times, as kramer put it. what's going to win? >> absolutely. you've got real headwinds in washington. whether it's bernie sanders or donald trump, this notion of more consolidation, more vertically integrated control will really hit some resistance. i just don't think people see the need to have more c consolidation in an industry that needs more diversity. >> what

that is a pretty high valuation for any company not just netflix. >> i think netflix is defined conventional valuation metrics. we don't think the international upside is anywhere close to being fully recognized by the street. i think that is where the disconnect is coming from. when you take a broader look at the upside they just kind of launched across the globe, they reaffirmed their outlook. we think second half next year will be an inflection point. a lot of analysts are missing that in terms of how soon the spending turns around. by any number of measures we think the payoff on that content spending is justifiable. and also viewer engagement. all of these things bode well for continued spending. >> what's your point of view on their spending on content here? >> the question is are they buying the right content? that is a very tricky act. there are 400 sericereals in production. everybody wants to get into the content production business. how do you know what is good and what is not? in the case of netflix when they buy stuff that isn't good are they putting it through the income statem

far better than expected results for netflix.s their success come at the expense of a company you just acquired, starz? >> someone asked me are they a friend, enemy or frenemy? what they really are is a customer. we're finishing up season one pickup, "dear white people," we've had great success with them over the years with shows like "orange is the new black." i've heard over and over again, are all these carriers ultimately going to want to own all their shows and i will tell you that when we have a show that a bunch of buyers want, we typically get a deal very similar to what we're looking for. >> netflix said last night very specifically they want to move away from licensing shows and producing the shows themselves so they can own it. you can sell "orange is the new black." they don't want you to be able to do that. won't that move to producing their own content be a negative for lionsgate? >> i heard that over a decade, these channels or platforms say they want to make their own shows and when we have a show that they want t

netflix shares soaring on expert than expected revenues.g 370,000 domestic subscribers in the last quarter. but the real highlight was that 3.2 million international subscriber growth. reed hastings on the conference call last night talking about the company's competitors. listen. >> a snapchat, youtube, facebook video, all of that takes a lot of hours. probably much more so than amazon. but there are so many competitors out there for screen time and we have small percentage of total screen time that moves by specific competitors are unlike try to have a material effect. >> that subscriber growth is so important especially internationally because the u.s. stock market considered a bit more saturated and then he says there's more "room to grow" there because the content costs are piling up into the billions of dollars, paying for original series like "stranger things" which is an excellent show and some other content deals that they are doing with other networks. if they can keep up with the subscriber growth they can field that. >> "the cro

but, you know, competition has been what i've said is netflix fall.esterday i certainly don't look good with that claim. i think they're huge competition. >> yeah, i think -- i'll give a percentage chance this impacts netflix at all. blue tar ski 0.0%. netflix talked about how they have a -- they're competing for a small fraction of the screen share at this point in time. this is not going to impact them. >> bk is not any part of the screen share. >> no. >> regular tv commercials. >> listen, bk -- >> real-time. >> my three sons? >> i embrace the randomness of life, seinfeld is on, i like it, i'm happy. >> one of your favorites, right? >> no question about it. >> okay. >> still ahead -- pizza stocks are dominating burger stocks this year. what's the secret sauce? we'll hear from the ceo of one of the key players and turn into "power lunch" tomorrow afternoon. david faber sits down with lloyd blankfein tomorrow. much more "fast money" after this break. ♪ we love knowing what's happening. so the nest cam security camera looks after things and alerts your

netflix shares soaring.eid hastings said it will double down on original content next year. >> goldman sachs beats both the top and bottom line. the shares, get this, they're up in the premarket. >> visa ceo charlie sharf resigning, saying he can no longer spend enough time in san francisco to do that job effectively. >>> netflix surging after blowing past expectations. quarterly subgrowth of $3.6 million. the company also out with better-than-expected earnings. reid hastings last night on the earnings call. >> it's time for me to apologize for the volatility again. you know, this time it's good a good direction. but i think more and more investors are able to look at the multi-year picture and they see the patterns emerging. and so then it would be less and less about our guidance. >> stocks on pace for the fifth biggest gap on earnings. i wonder if he's going to apologize for the volatility this time? >> they have hand-picked analysts that do the conference call. the conference call is really hilarious, fr

netflix and chill, we'll watch netflix and chill, netflix is on in the background. a lot of these things -- >> beyond me. >> joe knows this stuff. >> some day i was hoping i could do that the. chances are -- >> you. watched -- >> watching netflix. i'm in a drought. >> "americans." >> the "americans." >> thank you guys. coming up netflix shares soaring this morning after the company posted staggering international skrier numbers that beat expectations by 50%. the stock is up higher 18% in pre-market. opposite coming up johnson & johnson about to check in to earnings energy. dom economic caruso talks about quarterly results. and what's next for thaerl giant. "squawk box" returns in just a moment. experience the thrill of the lexus is f sport. because the ultimate expression of power is control. get up to $5,000 customer cash on select 2016 models. see your lexus dealer. >>> welcome back to "squawk box". some stocks to watch today. visa ceo charlie scharf who oversaw the company's reunion with its european affiliate is stepping down and be replaced by former american e

netflix -- it defied all of the estimates, does the? i think the share price rose something like 20% after hours. it's down to hit shows including "strange things -- "stranger things" and "narcos." haidi: we have a breakdown on this and the shows that have contributed when it comes to netflix's success outside the u.s. thister: absolutely and result is quelling the critics at the beginning of the netflix strategy. this was a stock that was down as much as 3% in the regular session, perhaps anxiety about the earnings after the bell, but the stock soared, as mentioned, 20% in after-hours as netflix announced that they added 3.6 million subscribers in the third quarter, and they were coming off a week second order. they were buoyed by the hit series, as mentioned, "stranger things" and "narcos," which by the way is a colombian drug lord story, very violent, and a big hit. in spanish, which is interesting. a global hit. netflix has dominated online tv viewing and yet they continue to deliver on this concept. thankstopped forecasts to the sh

at what rice would you sell netflix to apple? a question i wouldn't want to speculate on. >> but do you think something is going on in terms of technology companies wanting meeting assets. >> i don't see a lot happening, but you can never know. we've been public for 14 years. our stock's up almost a hundred fold in that 14 years. we've done pretty well for shareholders. and we're pretty invested and trying to keep that going. >> what about disney? >> all we do a focus on how we do great shows, how we grow our business. again, that's what made us successful for the -- we don't do bankers meetings. we're old school in that way. let's just bald great service and it's done well for our shareholders. >> reporter: we'll have more from hastings including why he's not scared of competition and why he doesn't think netflix is overpaying on content. more coming up on "squawk alley." >> before you go, hold on. there was one comment i did see in writing was that you asked about time warner whether he'd want to make a bid for time warner. and

what is netflix? but a company who offers you competitive in-home entertainment experience who many feel trumps going it a movie theater. netflix produces long firm movies and shows you need to binge to get the full story. you binge at home. what is domino's? but the ultimate eat at home experience where you don't even have to call them. you can go on-line using their amazing website and order a pizza your way without ever having to talk to another human being. something that the millennials absolutely love. ♪ hallelujah ♪ because there is nothing they hate more except talking to their parents. you can go to the apple watch, no cash necessary. let's order. what can we help you with? domino's pizza, no cheese. these companies changed our habits and most importantly they have become essential to our way of life. netflix reports sharply better, adding 3.5 million subscribers bringing million of 87 million, that's more people than the analyst were looking for. companies growing fast, 25% clip every year.

a look at netflix.u believe that some cities in california, pasadena included are thinking about taxing netflix subscribers and other video streaming companies. we shall see about netflix. the stock is up. donald trump talking to death yesterday commenting on ptsd. it is exactly what trump said, roll tape. >> when you talk about the mental health problems and people come back forore in combat and see things that a lot of the folks in this room have seen many times over and a lot of people can't handle it. they see horror stories and events that nobody would believe it. stuart: the mainstream media is all over that. look at these headlines. donald trump's gaffe on veterans and ptsd shows what an amateur he still lives. donald trump's comments on veterans suicide or exactly why there is ptsd stigma. my son was not weak, implying that donald trump says veterans are weak. that's the criticism. here is general jerry boykin, executive vice president and he was there a trump statement yesterday in front of the

that's what google's got already, facebook's got some of it, too. >> netflix. >> well, netflix probablyess into where they are. >> part of the argument here is addressable content, addressable ads, make the fantastic ads where we know who you are and what you're doing. the industry has been promising this for years, one day it might happen, don't know. the netflix idea is happening now, which is we know what you're watching, we're going to give you more of what you want and use that information to buy more of what you want. that's happening today. that's a realistic goal. >> netflix doesn't know where i am in manhattan at 2:00 p.m. and have an ad strategy. >> we've been waiting for that scenario to pan out for years. one day it might happen. >> i think the data play is an interesting one, especially to see how they treat the known data about their known users on the at&t network and what will be allowed from a privacy standpoint, but at the end of the day this is a lot about defense, distribution companies making a bet in content as distribution changes and changes dramatically, so we s

>> no, no, netflix.y buys netflix. >> that was a new wrinkle there. >> completely different story. >> listen, i think disney for netflix -- anywhere to $65 billion. does disney want to make that kind of a leap, that kind of a risk? i'm not certain disney is the right play. i'll say this about the international growth. reed hastings came out and said things aren't going well in china and mentioned this cautionary tale f. you're looking for china for netflix, look someplace else. valuation is crazy, but karen mentioned it. with exception of a couple times, they have done everything right now for the last five or six years. so i still give reed hate attention the benefit of the doubt. >>> now to the financials. traders are betting on trouble for one name in particular. mike coe from austin. >> it's interesting. the bank stocks are not implying above average moves. wells fargo the name we're looking at usually moves 3.5% on earnings. and only applying 2%. what that means is options are very cheap. and we saw

on netflix. a netflix deal would be ridiculous ridiculously expensive on any number of metrics. but i still say netflix is really hard, as many people want to say there's competition out there, it's really hard to replicate what they have built. so maybe somebody out there will take a flier on netflix and the stock actions suggest that's the case. >> what's interesting, we learned that apple had been interested in one point in time warner, to the contrary at this point. that indicates that perhaps apple is in the market. or actually large content sort of deal. >> no, they can could absolutely. it makes sense, logically. i just don't know they take that stand yet. this telephone deal, though, it's ridiculous. it doesn't make sense from my perspective to pay a boatload of money for this company where you could license this content. i think, in general, it really puts the shareholders that own at&t in a very difficult position. the shareholders of at&t look at this -- as at&t going outside their com

netflix has cut a deal with a theater chain. coming up, the movies that will make it to the big screen and the extra incentive for netflix. patrick: also ahead, costume controversy. why wal-mart says it will pull workers: he campaigned as a job creator but senator johnson helps companies ship jobs overseas. good manufacturing jobs just disappeared. ceos and giant corporations get richer guys with families... guys like me? just gets harder and harder to get ahead. we need an economy that works for people like me. for people like me. for people like me. ss feingold and i approve this message because wisconsin's middle class anchor: breaking news, an update on a story we brought you earlier. an inmate released is back in custody. he turned himself in shortly after 10:00 tonight. after he was released this morning, officials realized he was released from -- wanted and another county. rom orlando. florida's governor is warning of casualties and damage to parts of the state. anchor: hurricane matthew does impact our forecast. mark has

thank you for joining us on netflix out of hong kong.es, do you have to have these guys in your portfolio? one on thee purple bottom has been a bit of an underperformer. >> i am in the top three and i missed out. guy: you have done really well. >> part of the game is a tempting to stay ahead of the numbers rather than responding to them. if you said what are the strategic challenges -- it is that alibaba will have a go at eating its lunch. what they lack is an integrated payment system. in terms of technology therefore is it all about the u.s. big players? what about the european players? , iwhen i look at europe still worry about the -- existential crisis that i believe will face the euro. when they target to systems and is still has germany still providing 250 billion and italy still borrowing when hundred 50 billion. how do you and up with a rational reconciliation of those imbalances. the risk premier in europe are justifiably high. rather than this eating an opportunity to wait, it is an opportunity to remain deeply suspect about wh

i think he is -- netflix is an incredible company. it's very expensive. >> netflix is next. i actually bought it after close on friday when the deal now sold this morning because i didn't get enough position for it to matter. if you think about this, apple was mentioned, apple radio, now not in the conversations, apple tv. now not in any of the conversations. apple is rumored to be interested in time warner. they've got for buy netflix or somebody else is going to buy them. netflix is next to go. >> all right. next up, three stocks. bill miller has a lot to say about amazon, twitter, valiant. also show you shares of one main. it's one of the financials that bill miller said. he liked that stock is on the move. that is an understatement of 4 1/3%. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity --

coming up, netflix ceo sees trouble ahead in china.e will break down his comments that sent shares plunging. the comment from oracle puts its $9 billion deal in doubt and what does it mean for the future of netsuite? the u.s. officially points a finger at russia for hacking, meant to meddle with the election. we will wrap several security with a coo cloud flare. first, to our lead. the ceo of netflix admits the company's entry into china doesn't look likely. reed hastings told audience at the new york tech fest, saying, disney had their movie service shut down. apple, who is good in china, had their movie service close down. it doesn't look good. those comments came during a volatile week for the stock. shares were covered from a 5% dip in trading. on thursday they slid over 8% on concerns that hastings was troubled. tuesday shares popped on speculation a company is a -- the company is a takeover target. joining us from l.a., bloomberg's chris paul mary. talk about these comments, how significant are they? how much of an impact will th

keep an eye on shares of netflix as well.e company surprised investors by adding 3.8 million subscribers, most of them overseas. the stock had fallen 13% this year is the video giant has struggled to keep up with investors forecast that they've been rallying since the numbers came out. let's check in on stock market futures and see how we shape up and looking like a good day not in the u.s. but overseas as well. dow futures higher by 65. nasdaq futures gaining 27 points. lauren: not like some 20 bucks this morning. there has then complains that touchscreen voting machines can flip your vote. if that really happening? eric shawn has the story. reporter: lauren end quote, what if you vote for donald trump at hillary clinton's famous shack. voters have said in past elections their choices were swapped. but jim moynihan ran for illinois state representative who tried to vote for himself but when he did he says he got a big surprise. >> i went to touch the box next to my name and the checkmark magically appeared at my opponent's n

netflix stock is still down ten- percent on the year. starbucks this morning as pay raises of between 5 and 15% took effect for 157-thousand workers in the u-s. on top of that.. employees of two years or more will now receive double the company stock awards. but.. customers might be helping to cover some of the pay raises. in july.. starbucks raised the price of some of its drinks by as much as 30-cents. the palms casino resort has a new owner... tonight. red rock resorts officially took over the proprt after announcing the purchase.... back in may. it sold for more than.... -3- hundred-million dollars. the palms opened.... in -2- thousand -1-.... by "the maloof family". it's well known for featuring suites..... with some unusual amenities... one even has a basketball court. things are starting to get bad..... in the caribbean nations.... as "hurricane matthew" heads their way!!! up next.. see why government leaders here in the u-s are already on high alert ahead of the deadly toward land. the outer bands of the monster category -4- stor

watch shares of netflix today. they jumped more than 20% last night after the earnings beat wall street's forecast. netflix adding 50% more new subscribers than expected as it continues to expand in new international markets and on the popularity of shows like stranger things and narcos. netflix plans to spend $6 billion on new shows next year. meanwhile, google is making it possible airfares. they have upgraded the flights surveys that will inform users of a price for a specific flight could go up in the near future and apple offered tips to get the best flight for a particular route. and the shut down of the f-150 pickup truck for a week in kansas city. it's also temporarily idling three other factories. f-series pickups fell 3% last month. >> thank you. >> just ahead, amy schumer clears the house of trump supporters. >>> plus, is bob dylan ducking out of his nobel prize? ( ?? ) come on, dad. ( ?? ) ? they tell me i'm wrong ? ? to want to stand alongside my, my love ? whoa, talkin' 'bout my love ? ? talkin' 'bout

higher prices, no problem for netflix. huge jump in members, the stock is soaring this morning, that's certainly the one to watch on wall street. we will be hearing from goldman sachs johnson and jon -- johnson and johnson & johnson and in asia overnight stock higher there as well. shanghai composite and hack seng in hong kong is the best performers in asia as you see up one and a half per can he be the. bob dylan blowing in the wind, literally, giving up on trying to contact the singer after awarding the price for literature. where is bob dylan. all the stories and joining me to talk about dagen mcdowell and michael with us, and republican strategist tony. >> good morning. dagen: making bob dyla, in that much cooler. [laughter] more maria it's true, isn't it? dagen: love him but he's a wiredo. maria: jack keane is with us. martha ste wart with us in the studio and one of the internet. >> there's talk about rigged election. >> the media is trying to rig the election by giving creedance to false stories that have no validit

he's not bothered by the deal as long as hbo and netflix are treated the same. the reason netflix has been successful is because it's stayed away. >> do you think there's something going on in terms of technology companies interests in media assets? if there were interest you'd have to take a deal? >> i don't really see a lot of that happening. you can never know. we have been public for 14 years. our stock is up almost 100 fold in that 14 years. so we have done pretty well for shareholders and we're pretty invested in trying to keep that going. >> shares are pretty much flat. they have had a big bounce recently after earnings last week or two weeks ago. time flies. >> two weeks ago i think. but look at the chart. that's all you need to say. the head line in the ft is outlines the plan to take on netflix in digital video talking about the strategic rational for this deal. so we'll continue to wait for the regulators. that's the next step. >> it's a big step. >> time warner shares trading in the high 80s. that sort of tells you there's skepticism. >> that's the f

the timing could not have been worse for netflix. today the service released a batch of new movies, including "titanic", "ferris bueller's day off" and "how to lose a guy in ten days." the outage appears to be affecting some users. in the past hour we checked some service was back up and running... while others were still blacked out./// ((sharie johnson)) been a really nice day, but the breezy winds may be bothering some people with allergies. ............ dust is going to be a big problem by tomorrow as these winds increase to 40 or 50 mph and even elevations. ............. temps right now are in the upper 80s and low 90s... with humidity in the teens. ................ laughlin is just 5 degrees from the century mark. 80s and low 90s elsewhere. ................ let's roll the windcast and i in some areas - especially the mountains. sustained between 15 and 30 mph with gusts over 50 mph through the day later in the morning until early monday morning. ................ all the wind coming ahead of a cold front that will really cool us

it is part of netflix's overall content strategy. the company recently said they would like to get around half of the domestic content to be original programming and they are about a third of the way there. i think the content strategy is very important. the two big things that we are focussed on are subscriber outlook. q 3 will be bumpy again in terms of subscribers because they are going through a price hike. that should be out of the way by q 4. i think q 4 we should see benefit of international countries that netflix launched in. 130 countries that will start growing subscriber base. as we get through next year that should propel the stock. >> i get that twitter needs a suitor. they sort of hung the for sale sign out there. does netflix need a buyer? >> i don't think so. the company is in great financial shape. i really believe that the management team feels that they have a long term vision that they would like to execute on. it involves a different way to look at content, a different way to look at the relationship between con

netflix does not have the fiel to itself. david, thank you. as always, great to see you.avid gherty with gva research. now to bank of america. the second-large bank by assets reported its first profit increa in three quarters. and it comes despite a drag from contin low interest rates. bank of america's results were held by an increase in trading revenu just as jpmorgan and citibank and on the conference call, ceo bria moynihan sounded op >> we saw better client activity drivin the best third quart result we've had in five years in investmen banking and in sale a. and we're doing that with a smalle balance sheet, fewer people and lower value at risk or var. >> shares of bank of america rose slighy in trading today. >>> on wall street, stocks clos lower as oil prices fell, and investors evaluated those quary r we've been talkin about. econom repor were in the mix too and comments from a fed official have more in just a moment. the dow jones industrial average fell 51 to 18,086. nasdaq dro 14 and the s&p 500 was off six. >>> outputted manufacture incr for the third time in

netflix added over 3.5 million subscribers around the globe and as reported that beat expectations, netflix had a boost in the original programming like the surprise summer hit "stranger things." >>> merrill lynch being the first major brokerage firms to by a rule enacted by the obama administrtion in april requires that people put their clients' interests ahead of their honey. clientses will have to pay a fee based on a percentage of their assets. >>> deutsche bank has agreed to pay $30 million in a case. investors say deutsche bank and others rigged silver prices on at silver fix. in 1999. other banks are expected to settle. >>> and tesla, manufactured panasonic have reached a deal to manufacture solar panels. tesla says it wants to sell the panasonic panels to residential and commercial use. anne-marie. >> jill wagner at the new york stock exchange. thank you so much, jill. >>> still to come -- out for blood. an injury sidelines indians >>> here's a look at today's forecast in some cities around the country. >>> a busy night at the office for the cleveland indian bull pen after their sta

pro, it's just like watching netflix at home. con, except you have to put on pants. [ laughter and applause ] well, you don't have t >> jimmy: but you should. >> steve: yeah. >> jimmy: pro, it turns netflix into a place where hundreds of people can watch together. con, it turns netflix and chill into an orgy. [ laughter and applause ] can't fight the future. pro, they'll have a recently watched section. con, so the entire theater can know you've seen all nine seasons of "my little pony: friendship is magic." [ applause ] that's a pretty great show. >> steve: it's a fantastic show. >> jimmy: pro, netflix hopes con, or as samsung put it, "be careful what you wish for." [ laughter and applause ] gotta go. >> steve: oh, my phone blew up. >> jimmy: pro, the theater will replicate the feeling of watching netflix in your own bed. con, complete with reclining seats, pillows, and a burning hot laptop to place on your crotch. [ applause ] pro, it makes you really feel immersed in the show, "narcos." con, because you paid way too much for c

we have looked at what netflix has done. only is it appealing, but the market gives a great multiple. if we could take our ip, all the ip we have, whether it science, animals, discovery, that all gets paid for when we have a significant margin on that. looking at direct to consumer across the board. we think we are big enough, but we did feel the need over the last four or five years to drive ourselves and to a leadership position. number one network for african-americans in the u.s. and in latin america, we are the number one provider of kids content. to survive,oing it's not size but you have to be super dominant in these fan groups, whether it is sports or kids, nonfiction. have to keep your eye on the kind of ip that people have. that is what we will continue to gravitate to. the ceo of discovery communications, thank you for joining us. theext, our coverage from vanity fair new establishment summit continues. we will sit down with bill gurley. check us out on the radio and on twitter. we are everywhere. this is bloomber

netflix trades on sign-ups. those sign-ups had been weaker of late although the company repeatedly told you to not judge its growth on a quarter-to-quarter basis. they kept saying over and over again think longer term. how long term? bought an astounding 900,000 shares in the open market this summer at 89 bucks. now, insiders can't flip stock. he can't say, hey, sold at 123 after buying at 89. no. they have to own it for the long haul. but that's what you should have been thinking about. hey, look, i've been wavering on netflix, even taking the letter out of faaang, changing the acronym to faaa since google had changed its name to alphabet. i liked it because faaa, as we know from "the sound of music" means there's a long, long way to run. and i didn't know if netflix would hold back faaang. but the street, and his venture capital company, tcv, the largest shareholder on the street, had put a lot of money into netflix at much lower levels. a really smart guy like hoag doesn't plunk down that kind of change idly.

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