who can catch netflix? we bring in alex sherman who spoke to the cfo of netflix.x, what did he tell you >> melissa, similar to david's point. i think he said, not everyone here is going to be a winner just by getting bigger we're seeing all kinds of mergers. two of the things he told me, first not everybody't big. the strategic question is what type of business do i want to be in the next five or ten years? some brands are big enough to compete to be another netflix or another youtube and vy for the global consumer media dollar, but not everybody is going to be in that bucket so it's interesting, as all of these giant media companies come together, netflix, this is from netflix cfo david wells is sort of taking a look at this from a step back and ng, i don't know that i fully agree with what all you guys are doing. he even commented on sort of the direct to consumer o.t.t. services that really is disney's big step forward here he said, look, i'm not sure the consumer wants 100 o.t.t. services they want one that does the job really good so you can sit down and find

tre was a a netflix. >> yeah, pre-netflix. >> jimmy: pre-netflix. that was the original netflix.true. >> jimmy: yeah. but farley was in it. >> farley came on in the middle of the show. actually -- >> scary. >> when i did my hbo special a a long time ago, farley -- i would sing a haunted song. >> jimmy: yes. >> and then every night on tour, a different guy would come out and run out and pretend to be the mad man who lives in the house. and so i was doing the show in chicago. farley goes, "hey, can i be the guy?" i said "yeah, yeah. most -- just so you know, a lot of times the guys come out in their underwear." and he goes, "oh. well, my manager told me i shouldn't do that." [ laughter ] and i said, "okay, you don't have to." he goes, "yeah, he said that i've got to change my --", i swear to god, he was going, "i've got to change the way i present myself" and blah, blah, blah. i said, "yeah, don't do it then. don't do it. just come out like you farley." and then, i swear to god, did the show and he comes out naked. we're like, "whoa, underwear." [ laughter ] and he's running around

focus point for the likes of netflix.y have in making such groundbreaking content such as "the crown" which is doing really well for them. we have also seen with amazon -- you mentioned it -- big moves into sports. right here, it's the premier league. football, you guys call it soccer. it is showing where the desire is. they want to get this content -- if it's sports, original movies and broadcast and series -- to be able to get more subscribers to prime, to push and above 100 this just as, and spurs more competition for the likes of hulu but also sky right here in the u k, which is not only a cable network but also has a streaming subsidiary. emily: the combined disney/fox behemoth will be weaker than the original, and netflix is the winner, and you've got at&t rolling out over the top. apple, meantime, making deals doing adren's shows, deal with the makers of "sesame street." a lot is in flux. what will determine who are the winners and who are the losers? a unique advantage netflix does have is the international peace

be the 125 million users we see over at netflix.s just spurs more competition likes of hulu but also skye in the u.k., which is not alsoa cable network but has a streaming facility itself. so much changing. there's a note out that the disney-fox behemoth will be weaker than the original and that, you know, netflix is winner. you've got at&t rolling out over the top. apple meantime making deals for children's shows, ofng a deal with the makers sesame street. a lot is in flux. what's going to determine who and who are the losers? the think the library and distribution, those two. one thing, a unique advantage that netflix does have is this international piece you're just talking about. that piece is something that apple is not as interested in. have a thousand -- hard to believe that number, but 1,000x has said they want different series titles in the next year. and apple is going to be much less than that. i think that those two are clearly going to be winners. challenges that traditional media is going to have here is around the dis

we think netflix will be able to pull. >> is that the biggest risk for netflix, the fact that it's spendingre on content? >> i think so, megan there is an issue here that, you know, are you managing the pnl correctly? they've been able to show in the u.s. that they can grow subs, spend more on content and rise margins -- raise margins whether they can still do that in international markets, however, we think they can do that the proof isn't definitive yet probably won't be there for a while. that's a bit of the bet. there's a competitive risk one thing that came up in our u.s. survey is netflix is the leading streaming service. the fastest growing streaming service is amazon. >> right. >> survey seems to suggest that prime customers adopt both services, that the bigger trend here is cord cutting and going to two services, amazon prime. we don't think there's competitive risk from amazon if there's something that will blow it up, that's the one to watch. >> how long before this starts to become maybe not a zero sum game but disney is coming out with its service that will have a lot of great

so we will pivot just like netflix pivoted. and hopefully we will help that fox studio production machine. say that model starts to work just like netflix. saying it creating a very large would comcast get evaluation like netflix for a large pool of customers that loses money i'm not sure so even what winning looks like is not entirely clear. >> let's talk about winning real quick. the market, thparticipants of the market, these two markets have bid fox up to 19 times next year's earnings. i get that it is valuable, but is it that valuable. should they drag it up to such that they win. >> what is unique to fox the opportunity on fox is the amount of leverage that is suggested that the stock price is great and has been extremely excited in recommending fox in this set of events there is so much potential there for even relatively modest increases in the bidding for the collective assets. but more broadly does it mean that valuations will go up sure, there is almost certainly going to be another wave of m and a. awill pour a litt

here's disney trying to chase netflix by buying legacy media rather than just investing what netflixght us and what you're seeing an apple, apple just did a big deal today they're working with the henson company for apple's coming service. all you need is money and time and energy in terms of your investment in technology and content creation i still can't figure out why disney's not just blowing it out and spending a ton of money and content and launching direct to consumer now i don't know why it's not buying more legacy media companies like fox. it seems like an odd decision. obviously they made that decision if you're netflix, you're far happier with disney going out and buying legacy media than investing in really blowing out direct to consumer organically i actually think this battle and this fight that disney's gotten into actually is a meaningful positive especially because it's going to put a lot of leverage on disney as they try to compete with netflix. i think this is honest -- >> the best scenario is either a disney prevails or comcast prevails >> absolutely. and as you s

we return we take a deep dive look at the definitive definitive disruptor in the media sector that netflix with the host of the big picture of home and plus we'll ask kevin cushman of the center for economic policy research what could be done to change some of the or cast on the financial demise of the us social security program and here are the numbers at the closing. after three years of conflict it has been estimated that out of a population of twenty seven point four million twenty two point two million people in yemen are in need of humanitarian assistance so why are the u.s. and u.k. so the saudi u.a.e. war on him. what politicians do something that. they put themselves on the lawn they get accepted or rejected. so when you want to be president or injury. or somehow want to preserve. it's a right to be for us this is what the forty three in the morning can't be good that i'm interested always in the waters of our. first sit. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer and it became ill in the death penalty just because i think that'

netflix has been steadfast.y say they have a one price fits all model, given patricians and currency, and they do not want to change that. right, lucas shaw for us in hollywood. bikely, the crowded sharing market. is now worth $2.5 billion. the ceo told bloomberg from shanghai how his company stacks up against the competition. believe we have definitely surpassed our competition which used to be much bigger than us, last year. >> where do you see how a bike going in the future? >> we do not want to be limiting sharing, to only bike but bike sharing is a very important sector for us. once we feel we have enough user base, we will go vertically segments,o do other which is natural. >> the most recent round of ke atcing valued hellobi more than 2 billion u.s. dollars. you talk about this expansion which sums like it would be more fund-raising. do you have any more plans in that area? >> we will be doing that through generated cash flow and also if you want the extra financing. >> can you talk more about the interna

and then they netflix started streaming their services right that was their first big move after the mail order stuff well even before they were streaming this was great news initially for hollywood they had another sales channel and many of your viewers may not be old enough to remember the rewind charge at blockbuster where they'd nikky a couple of bucks if you didn't rewind the v.h.s. tell you remember that well along came the better quality of set it set there was a had it piece a little piece the reminder it said be kind always remind her that she was sorry so along came d.v.d. looked better sounded better didn't have to rewind it so here's a new way to sell through as they say to license hollywood movies so even before streaming and these netflix guys had the vision they didn't call a d.v.d. by mail dot com it was net flix you would go on the net order some flicks they'd come in the mail easy segue to streaming which has pretty much the last nail in the coffin of hard copy and you know why own it anymore when you can simply stream it but i made the movie studios love that becau

netflix has pioneered it it's so dumb of netflix to try to go to latin, are they crazy ten years laterlook at the growth it's astounding. so comcast has to do that. >> has to. >> you guys are good together. i like this. >> we go back. we do go back. >> we do. >> we do. >> kara swisher, henry, thanks a lot. important day. >>> a lot more on the battle for fox. we'll talk to mark mulhaney and new note on amazon today, outlining potential challenges for that company possible china trade war looming. we'll talk to one of the largest trucking companies on how he is preparing. >>> and later on, the windy city gets subterrainian, making a deal with elon musk's bores company. >>> if you're just joining us this morning, the attorney general of new york state has sued the president and three of his children, alleging persistent illegal conduct at the president's charity, trump foundation, seeking dissolution of that. the president has now responded. the sleazy new york democrats and their now disgraced and run out of town a.g. eric schneiderman, are doing everything their office for almost two ye

netflix, don't tell netflix the market is having a hard day. they came within a buck and a half on 400 of new street high targets for the day. so we'll pay attention to that oracle tonight along with fedex. let's get to the judge >>> welcome to the "halftime report." i'm scott walker the top trade this hour, the battle with china undermines the rally. here to debate that, joe, josh, steve and pete the dow is up for the sixth straight day of losses pete, feels like here we go again. the wall street said the market is starting to take the trade war more seriously that's what we're faced with now. >> it sure feels like that, but also, scott, we have seen this time and time again before actually, when we saw the volatility come back into the market, we got over 14 we were up 14% on the vix. and now we have slowly kind of started to leak back out again so it tells me that there's not as much concern in the market right now as i think we're looking at and we're seeing the market down less than 300 now. it was down 400-plus points. so we have come off

jason: and how netflix plans to conquer hollywood.is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." carol: you can also find us online at businessweek.com. jason: and on our mobile app. we go to india and the prime minister, a lot of reforms of taking place there, including in the area of bankruptcy. carol: he is making a lot of changes. the new code stipulates that cases must be resolved in nine months rather than four years, which is what it has been taking. jason: turning out to be easier said than done. a lot of speed bumps along the way. >> they are trying to create a whole new bankruptcy process for companies from scratch. that obviously is not so easily done. they have many companies that were really struggling where owners would hang on, kind of squeeze everything they could out of it. banks not willing to crack down, there was a lot of capitalism involved in lending to some of these companies. they put a new bankruptcy law in the books in late 2016 that has slowly been moving towards. -- moving t

>> it seems to me that netflix is the one providing the difficulties for the other companies. which is why you have the mergers. and i think as i read the counts were not involved there. but the judge said basically the same thing that it's not just the need kra companies we have to look at for antitrust. we have to look at silicon valley as well they are the real competition. to me it seems as an outside observer with no skin in the game, if you will, that these are defensive mergers. >> yeah. jim, what about china? we know in the past you have talked about shorting alibaba. i think coved that one awhile ago.ut the oth names now that we continue to see high valuations i was thinking even of the zte instance which is not what you're typically looking for but its core behaviors led it to a near collapse with it hugely valued are you looking at the culture there scene sand seeing the fres to short >> china doesn't see them in the same economic importance as the current administration in the u.s. does. china is much more focused on thinkings like the one belt one road initiative.

speaking of streaming, viacom be produce nick content for netflix.risk, of course, drives the audience to netflix rather than cable channels. if they don't merge, do they need growth strategies >> certainly the risk is lower now because the horse is out of the barn in terms of where people are watching when netflix came around, people thought it was a new syndication, and it just operated that way as well. also, from netflix's point of view, soon going to lose disney content. >> true. >> they want to make it kid-friendly and fresh. >> a win-win, but a risky -- a deal with the devil. >> right you don't want to make your whole business necessarily and abandon your own channels. >> at least for now, and all depends how they tie up anyway netflix year to date up 116% more than doubled. result of part one of the federal reserve annual stress tests coming up. news and analysis after the break. >>> welcome back, eighth straight day of declines, dropping 2 hurgs points today, and meanwhile, the russell and nasdaq closed at record highs yesterday, giving up 1

in time really you guys were talking today people about netflix you know netflix yes ok so they have reportedly introduced this new policy where they're after people who work with them to not stare at each other for longer than five seconds. told what sexual harassment really taking a company that nonsense that you want to try it sounds like small amount of time but it's actually longer really to decide. seems ok let's start each other let's do that. and i know smiling we could do whatever you think. sexual harassment seems somewhat counterproductive in every single way seems a bit stupid really. just looking at people isn't sexual harassment if you and i work together we can look at each. well i don't. i think it sounds. that you can't have any and then be afraid of sexual harassment i mean that would be weird i think. people were. german chancellor angela merkel is facing one of the toughest tests yet of her leadership as a rift over refugee policies threatens to derail her coalition government the dispute has put merkel on a collision course with her interior minister a key coalit

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particular world, which possibly could, but the real issue was, is time warner better off to fight a netflix or tech companies by itself or is it better off with at&t? and the answer is resounding that it's better off with at&t look at the terrible job the did competing with hbo, which was kind of precursor to a netflix if you'd like. they d a v very bad job. that's the real battle is the tech companies, not the cable companies. >> one of the key questions is

murdoch's decision that the world of netflix, facebook, and google and amazon was too hard to compete in. he's now a very happy seller take a look at shares of fox what we expect this morning. comcast, our parent company, of course, is down as was reported earlier on "squawk box." comcast is expected to come with the offer for the fox assets by the end of the day most likely after the close. want to see how weak disney is it pressures the overall value of disney's bid, remember it's expected this afternoon people are wondering what is the timeline as we sort of head into this really fierce potential bidding war. fox board is going to say, okay, we'll take a look. we want to talk to you about it. they'll want to talk long and hard about the anti-trust risk and what comcast is willing to do that's a key part of whatever we see later todaomcast not just the number itself and the all cash offer and then is it a superior proposal disney will have five days to match. disney will not be shrinking here. >> does it matter that murdoch wants to sell. >> that's a key question, jim. from what i u

i'm netflix, by the way.t you." [ laughter ] ♪ and amazon prime video showed up and said, "netflix, we are going to be late to the youtube red's party. let's go." [ laughter ] netflix told hulu, "look, i've got to run. but i didn't think i caught your name." then hulu said, "i'm just a a site standing in front of another site asking it to love me." ♪ [ laughter and applause ] guys, check this out. i read that a private equity firm might be buying gamestop. actually the firm plans to buy gamestop, play it for a week then trade it in for a newer video game store. but it's a scam. guys, finally i heard about a a couple that got married on a a southwest flight from vegas to baltimore. at one point the flight attendants threw rice at them, but that was just the in-flight meal. [ laughter and applause ] guys, we have a great show tonight. give it up for the roots. [ cheers and applause ] ♪ ♪ [ cheers and applause ] >> jimmy: we have got a a fantastic show tonight. we love our guests tonight. gosh. this guy is fanta

in time oh really you guys were talking today people about netflix you know netflix yes ok so they have reportedly introduced this new policy where they're after people who work with them to not stare at each other for longer than five seconds. to avoid sexual harassment really taking a company by the. nonsense that you want to try it sounds like small amount of time but it's actually longer really it. seems ok let's start each other let's do that. like the next smiling we could do whatever if it can. seem somewhat counterproductive in every single way seems a bit stupid really. just looking at people isn't sexual harassment if you and i work together we can. look at each other for longer than five seconds because then it creates like an uncomfortable environment. look at me i'm all right now i don't . i think it sounds. that you can't have any and then be afraid of sexual harassment i mean that would be weird i think. people work together. german chancellor angela merkel is facing one of the toughest tests yet of her leadership as a rift over refugee policies threatens to derail her co

disney aims to launch its own streaming service in 2019, one that's cheaper than netflix.re is on to make or buy original content. netflix plans to spend some $8 billion in 2018 on programming, including 700 original tv shows and movies. with me is greg swenson, partner, brigg macadam limited. good to see you again. the board meeting today, what will be discussed? is the first stage today. just considering whether to consider the bid from comcast. it is 19% higher and it is cash which is better than a stock bid. so let's talk about the rupert murdoch influenced. he has been keen on an alignment with disney. they have an over 40% share of 21st century fox. to what extent can they swing this? who knows what to expect? they will definitely have an influence that it they have major tax implications so they have major tax implications so they prefer a stock bid ‘cause of tax issue. there is also a bigger role for the murdoch family in a disney merger than with a comcast merger where they would have no role at all. it is hard to say but remember there are also shareholders. it i

netflix is an issue, people in the u.s.n can watch netflix through the nintendo, but right now, i guess that's it at some point, will it be made available to everybody? is netflix going to be able to be in the hands of a lot of user s who want to watch it on switch? when will they be able to? >> you know, and again, for those types of questions we have to refer you to the folks at netflix. what we said when we launched nintendo switch was that we wanted to have a gaming first platform and that's what we created and that's what enabled us in the first 12 months unthe united states to be thw best selling home console in the history of video games. right now, we enable hulu on the platform. we've said that other services will come and do time. for us we want to make sure that we continue driving the install base for nintendo switch, continue to have great games for the platform. in terms of what's next on the streaming side, you'll have to talk to those individual providers in terms of where they stand and what they're working

morgan stanley plots a path to the $1 trillion market cap, building out the netflix of gaming >>> weant to hear from y, ou reach us on twitter, facebook, or e-mail. like your thoughts like your thoughts we're back after this.at's amaz. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. chie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> apple is taking a dip today, one of the worst performers in the dow, in fact, nikkei reported they are cutting orders for the new iphone for parts bit 20%, joining us is ed lee. congratulations. >> thank you very much >> maxim group downgraded apple from buy to hold last week piling on, ed, now supplies -- >> yet another supply note, right. i wouldn't put too much stock in the one note there's, you never know, they tend to go either way. apple diverse fied the supply chain enough so you are not entirely sure what this one indication might mean. it could mean the stock sales or no, nothing, what you might expect, and we've seen that in the p

i remember when "luke cage" first came out on netflix, it broke netflix. >> it did.netflix, we broke the internet, we did it all. >> you missed out on the conversations, though, because you weren't online at the time. >> i wasn't on social media. i was sort of in the dark. it's a new day for me. i'm in social media. i get to see all the stuff you guys are sending, all the animal things. >> trevor: isn't wonderful to tap into the stream of hatred anytime? >> it's so yummy. >> trevor: that's what i love about it. every day i go, i feel good about myself. i wonder if anyone hates me. yeah, there it is! you also have a lot of fans. going online, social media, you've connected with people, found a space where you share your voice, which i find out in many ways was similar to "luke cage." if you look at "luke cage," the character and yourself, where do you find the most similarities. >> not in social media, because he does not do social media. he's a version of me that i would like to be. >> trevor: what way? >> his moral compass is stronger than mine. >> trevor: oh, wow.

show provided netflix apparently has the answer as all to see it explains. oh sorry i didn't mean to sexually harass you netflix have reportedly introduced a policy advise in their employees not to stare at each other for longer than five seconds this has neither been confirmed nor denied by the company but the general idea is allegedly inspired by the me too movement to avoid sexual harassment in the workplace according to netflix employees quoted by the press this five second staring back as part of a package of no lingering hugs no asking for phone numbers and no flirting we're proud of the end to your usman training we offer to our productions we want every netflix production to be a safe and respectful working environment but do you think about when you think about the five second rule i have no idea what the five second rule if you were to guess what you think it would be about i can eat something after i fall after after i drop it on the floor but only before it's placed there for five seconds we have a three second rule in norway so we have what you

getting back to netflix, iw and as well cap to up as that same day. them market is up done on the side. >> can we talk of bitcoin? it is down 17% from its paid. peak. is it right for a bear market rally? >> we wrote a report on bitcoin. also showing an amazing climax top. minimum 70% the based on history of previous climax tops. we declined 70% into yesterday's low. clientsecommended our by bitcoin today. >> what about tech stocks in general? >> netflix itself looks like it is topping. you have to assume the tech stocks are topping. the s&p 500 the in january of this year. the ndx made it a couple days ago. we're suggesting it to emergent market with , you will assume that other stocks are topping is your. signal in have a sell june. the chart is a chart of netflix. gold. are also looking at >> yes. gold is 8%. gold stock has a tremendous rise over the lows of a couple years ago. it rose 1% in three months. gold hasn't had major medical moves. i think gold was down nine out of 10 days since yesterday. that is a sign of it being oversold on the downsid

in time really you guys were talking today urging people about netflix you know netflix yes ok so they have reportedly introduced this new policy where they're after people who work with them to not stare at each other for longer than five seconds. told what sexual harassment really taking a company by the. nonsense that you want to try it sounds like small amount of time but it's actually longer really it. seems ok let's start each other let's do that. like the next miley we could do whatever the big. picture seems somewhat counterproductive in every single way seems a bit stupid really. just looking at people isn't sexual harassment if you and i work together we can. i look at each other for longer than five seconds because then it creates like an uncomfortable environment apparently where you are looking at me i'm all right there i don't find uncomfortable. i think it sounds a bit odd that you can't have corporation with anybody and then be afraid of sexual harassment i mean that would just be weird i think it's stupid people work together and not look at each other. german chancell

in time yes oh really you guys were talking today urging people about netflix you know netflix yes ok so they have reportedly introduce this new policy where they're after people who work with them to not stare at each other for longer than five seconds. told one sexual harassment really ridiculous company that nonsense that you want to try it sounds like small amount of time but it's actually really good it. seems ok let's start each other let's do that. like the next smiling we have to do whatever his big. picture seems somewhat counterproductive in every single way seems a bit stupid really. just looking at people isn't sexual harassment if you and i work together we can. i look at each other for longer than five seconds because then it creates like an uncomfortable environment apparently at the y. you are looking at me i'm all right now i don't find uncomfortable it's just one i think that sounds a little bit odd that you can't have corporation with anybody and then be afraid of sexual harassment i mean that would just be weird i think it's stupid it's people work together and no

in time yes oh really you guys were talking today urging people about netflix you know netflix yes ok so they have reportedly introduced this new policy where they're asking people who work with them to not stare at each other for longer than five seconds. told one sexual harassment really ridiculous company that nonsense that you want to try it sounds like small amount of time but it's actually really good it. seems ok let's start each other let's do that. like the next smiling we could do whatever if it can. seem somewhat counterproductive in every single way seems a bit stupid really. just looking at people isn't sexual harassment if you and i work together we can. well i don't. i think it sounds. that you can't have any and then be afraid of sexual harassment i mean that would be weird i think. people work together. german chancellor angela merkel is facing one of the toughest test yet of leadership as a rift over refugee policies threatens to derail her coalition government or the dispute has put merkel on a collision course with her interior minister a key coalition figure who h

netflix knows who will watch it.mpany in media has the capability, where you log in, you are presented with what you want to watch. stuart: that is technical capability. >> al gore riffs no one else in media has. stuart: that's it? >> that is their core value. that is their differentiator. they have been perfecting it like a decade. liz: you go on netflix, watch a documentary about the queen of england. a whole line of shows that pop up, maybe you would like this. maybe you would like to watch these shows. >> they know you're likely to want to watch that no one else has that capability. that is what makes them so attractive. stuart: can they steer it toward individual consumer? >> it is done individually. done on individual basis. what you see on netflix on home screen is different than what i see and what she sees. liz: that's correct. stuart: can they do different countries? >> yes. it is done worldwide. hbo is the original netflix, right? origal movies, original content plus movies. netflix perfected it, targeted

netflix thinking they can make a meaningful business here. >> netflix's strategy has traditionally beenody around the world has somewhat similar tastes. they don't group taste based on geography. they believe there are people in india who will watch a german show, people in germany that will watch a japanese show. while they are banking on their shows to be popular in india, there is a little bit of a recognition of the india is different from other places. so they have to make a lot of local shows. the one thing they are doing a little differently in india relative to the local players, is they are not trying to replicate bollywood. >> give us some size and scope and importance of bollywood. >> globally, it is the largest film industry in the world. larger even then hollywood just in terms of the number of projects that come out.there close to 2000 bollywood movies every year. it is an entertainment for everybody. i talked to one of the directors of a show, he said other countries have the circus, film, bollywood is all of those things in one. >> what is the potential for netflix? we a

i think out of those three, netflix. know it's preprosperous to say it they report i think the middle of july. by the way, and i'll say it again, i think all this, you know, comcast, it's all about hulu in my opinion there are other things, i get it it's all about competing with netflix. this just gives netflix that much more of a lead in my opinion which is why it continues to go higher. >> i agree i love nvidia. but netflix is the clear winner in my opinion of these three i still think there's a lot of momentum there reid hastings has done an excellent job from a sub-b expectation game i think that continues they have a tremendous amount of growth in international markets. they're an original content owner. >> and a huge fan club right now. >> please, and i'm the guy that's been wrong about this while these guys can gloat >> i'm not gloating. >> finally, this is a company that has doubled, doubled, since december okay are you telling me that the world has changed that much, that this company really should be trading at

liz: because amazon and netflix with streaming, jonas, what about the little guys wallet . what about their pocketbooks because the real back story is there are only four or five telecom giants in this country. they dominate the market. they're the ones dictating what your cable bill and phone bill is. people don't like how expensive it's getting go ahead. >> yeah, but the actual why the service is getting cheaper and it's expensive for a lot of complicated reasons that include paying for content, the slow way not buying a company that owns content. it's not really, look there was a day where this merger shouldn't have gone through no this wouldn't have been great for consumers but its i a cash cow busine, thas why the dividend is so high and they're not in a powerful position like google or netflix or amazon and it's a little desperate they possibly overpaid, certainly like with directv but at the end of the day people are moving away from the $200 directv bundle to the $40 directv now bundle and the margins are slowly going down and investors don't think it has a lot of c

merged, they'd be "netflix and chili's."[ laughter and applause ] that's perfect. why's that not happening? and finally if bdobo and dunkin' donuts merged, they'd be "ba-dunk-a-dunk." [ laughter and applause ] i'm just saying, it's all possible. this is cool, a new comic book i series is out that follows james bond as a a teenager. they decided on the comic book over a movie, 'cause nobody wants to hear, "the name's bond, james bond." [ laughter and applause ] check this out, i saw that banks are starting to offer services through virtual assistants like amazon echo, which backfires en you ask alexa for your account balance t and she just slaughing. [ laughter ]e speaking of ho, i heard that amazon is launching a new version that's made just for 'shotel rooms. ice until you lie down on the bed and hear -- >> i wouldn't lie there if i were you. >> jimmy: okpe, all right, ect. [ laughter and applause ] "don't touch the remote control."gu finall, the world cup is underway in russia, but i read that there is already a beer short

netflix, it has a market cap that's now bigger or close to being bigger than disney and others, so netflixto get into this game and so i think you're going to see people find new ways to do new technologies to get to the consumer, to own that consumer data, and to make sure they can get their content through. >> where do you add -- this is such a basic question, where would you be adding long positions in tech right now? >> well, obviously, you want to own the acquiries, right, because there are a lot of people whose lives have been turned on end in the whole telecom business today right. essentially, i look at this as, whatever your strategy was yesterday, you have to open it up more broadly today because i think the notion that this transaction has be approved without any conditions, is aig . >> yeah. >> and, you know, essentially, tential acquirer, which come for makes it by definition a best case outcome for the sellers because you get maximum value for whatever you have. >> who do you -- >> even though leon says d't make a mistake, this is a ruling about this specific case >> i sit th

willing to bid for fox versus merging with netflix?therland, thank you very much. wongtrakool,nnie western asset management fixed income portfolio manager talking about if she is diversifying into any safety assets. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. factor. daimler blames trade battle on lower sales and higher-than-expected cost. emerging markets plus $600 billion. argentina and saudi arabia added to msci and goldman sachs unafraid of the stronger dollar. opec deal or no deal? saudi arabia wants to add 600 billion barrels of oil a day while iran -- david: welcome to "bloomberg daybreak" on this thursday. we have bank of eng

if you look at the netflix shareholders right now, they're not concerned netflix is trading with an all-timeh. >> we talk about this a lot. the way netflix is valued is different from the way people look at traditional legacy companies and they discount cash flow and all of that i'm assuming you think it's impossible for disney or comcast to be valued in the way netflix is valued, to get that kind of freedom all of a sudden? >> yeah. i don't think you're going to see a fundamental change in how they're valued they're more complex businesses. they have theme parks. netflix more of a pure play, as they invest more and more in content, you start to have an argument they should look more like a studio but that's not how they're valued today and that's an advantage. >> meanwhile, big tech and politics getting more and more intwined when it comes to immigration as well as when it comes to trade elle, i find it so interesting, microsoft leadership, facing a bit of heat this morning over this contract that they have with i.c.e some employees at microsoft saying they want microsoft to stop doing busi

show provided netflix apparently has the answer artie's nuff to check in and explain. oh oh sorry i didn't mean to sexually harass you netflix have reportedly introduced a policy advise in their employees not to stare at each other for longer than five seconds this has neither been confirmed nor denied by the company but the general idea is allegedly inspired by the me too movement toward sexual harassment in the workplace according to netflix employees quoted by the press this five second staring back as part of a package of no lingering hugs no asking for phone numbers and no flirting we're proud of the end to your usman training we offer to our productions we want every netflix production to be a safe and respectful working environment but do you think about when you think about the five second rule i have no idea what the five second rule if you were to take a guess would you think it would be about i can eat something after i fall after after i drop it on the floor but only before it's placed there for five seconds so we have a three second rule in norway so we ha

we are going to see amazon, netflix, and facebook lower. netflix is down. point, it's the worst day since 2016. the fears of a possible trade war is starting to hit the top sector. it is worth noting amazon and netflix are consumer discretionary stocks. the pain is not just year for u.s. internet stocks. let's look at some of the big chinese internet stocks. they are all down sharply. that chinese online travel agent, they had been down even more on paper, its first day since october. these declines are not out of nowhere. this is an eight-day chart of the 10 year yield, down seven it. it's down seven basis points. there is a bit of a haven bid for the u.s. treasuries, even after the fed did raise rates recently. caroline: let's get more insight on trade between u.s. and china. the white house was planning to block investment in sensitive industries. tweetedr secretary has that report and the report in the wall street journal. wouldd in a statement apply to all countries and not china. we are getting clarification from the treasury. anything we get, we will

in time really you guys were talking today people about netflix you know netflix yes ok so they have reportedly introduced this new policy where they're asking people to work with them to not stare at each other for longer than five seconds. to avoid sexual harassment really taking a company that nonsense that you want to try it sounds like small amount of time but it's actually longer really it. seems ok let's start each other let's do that. and i know smiling we could do whatever if it can. seem somewhat counterproductive in every single way seems a bit stupid really. just looking at people isn't sexual harassment if you and i work together we can't look at each other for longer than five seconds because then it creates like an uncomfortable environment apparently why you are looking at me i'm right now i don't find uncomfortable. one i think it sounds a bit odd that you can't have corporation with anybody and then be afraid of sexual harassment i mean that would just be weird i think it's stupid people work together and not look at each other. german chancellor angela merkel facin

show provider netflix apparently has the answer r.t. sounds to see a check and explains. oh sorry i didn't mean to sexually harass you netflix have reportedly introduced a policy advise in their employees not to stare at each other for longer than five seconds this has neither been confirmed nor denied by the company but the general idea is allegedly inspired by the me too movement toward sexual harassment in the workplace according to netflix employees quoted by the press this five second staring back as part of a package of no lingering hugs no asking for phone numbers and no flirting we're proud of the end to your usman training we offer to our productions we want every netflix production to be a safe and respectful working environment but do you think about when you think about the five second rule i have no idea what the five second rule if you were to guess what you think it would be about i can eat something after i fall off or after i drop it on the floor but only before it's placed there for five seconds so we have a three second rule in norway so we have what yo

show provided netflix apparently has the answer as a tease and i see a truck and tries to explain. oh sorry i didn't mean to sexually harass you netflix have reportedly introduced a policy advise in their employees not to stare at each other for longer than five seconds this has neither been confirmed nor denied by the company but the general idea is allegedly inspired by the me too movement to avoid sexual harassment in the workplace according to netflix employees quoted by the press this five second staring back as part of a package of no lingering hugs no asking for phone numbers and no flirting we're proud of the end to your usman training we offer to our productions we want every netflix production to be a safe and respectful working environment but do you think about when you think about the five second rule i have no idea what five second rule if you were to take a guess would you think it would be about i can eat something after i fall after after i drop it on the floor but only before it's place there for five seconds we have a three second rule in norway so we have what y