the only way netflix can be successful is if they reinterpret the category of games to fit into the netflix ecosystem. if they can start getting themselves to a place where once again the disney pluses and the peacocks of the world are trying to imitate them rather than trying to lap them because today, those platforms, hbo max, disney plus have copied netflix and they're trying to lap them in terms of content so the question is can netflix create a new category of engagement which look very netflix specific that get a user to stick around and once again start thinking of netflix as a thing, an app that i have to open every day as opposed to one of the many that i'm starting to choose from. >> that is a fascinating idea, alex, that they not only have to push into the space but sort of recreate a new side of it for their own community. your insights appreciated, as alwayses thank you. >> thank you for having me >>> big tech, meanwhile, continue to spend millions on lobbying last quarter as the specter of regulation grows. >> john, big tech has built out plenty of muscle in washington over th

can netflix afford to stay in this arms race? there try and it's it's pretty incredible when you consider how long has taken netflix to get the kind of of traction that it has versus how quickly disney plus, i know i've mentioned them before, but how quickly disney plus was able to to pick, gain ground on them, but that comes with an already having a massive media vault and making good acquisitions. you know, if you consider the fact that netflix has done a pretty smart job of picking up certain programming, you mentioned the house of cards at the time that they bought house of cards, that was the most expensive television show ever to be produced. it was an it was a home run, hit for netflix to do that. picking up certain tv shows like the office and making them iconic when they really weren't beforehand or even shows like amc madman, which, you know, had a somewhat successful run on amc be maybe became vastly more successful when it moved to netflix. so there is a great kind of track record for netflix. the question is, can you

how does netflix fend off the competitors?uestion one thing they're trying to do, i think, is build up some of those franchises that folks like disney have, that folks like warner brothers have so they can become go-to programming for the hits one of the things they said at the top is they're getting into gaming when you get into things like games, they're experimenting with merchandising and podcast they're not looking to make extra revenues, they want to develop stronger relationships with consumers around their franchises right now they have nothing that stacks up to a "black widow" or nfl, frank, but they're trying to roll out programming that you will think is such a blockbuster franchise that you are willing to pay for the premium tier and get a stand alone system yourself and not share a password with someone. >> the stock is crashing 1/3 of a percent. obviously the earnings numbers were not blockbuster, not to be ironic because netflix put blockbuster out of business. the gaming industry seems to be the take away. i wa

t a good move from netflix? i think so.to do something and something unique other than just something and something unique other thanjust coming up something and something unique other than just coming up with new video content and the fact they are including it, i think that's a big deal especially for the fact they are maintaining more than the double of subscribers then amazon prime or disney plus. and we must not forget it was a distractor back in the day and a look at the awards, whether it is the academy awards or the emmys, netflix has really dominated, hasn't it, in a new way and streaming television programmes through streaming is something that has to be recognised? certainly has but they need to be careful, they cannot get comfortable on their laurels at this point because if you look at disney plus, it has great titles like star wars for example. they have grown exponentially over the last year so i think netflix has eight edge with their subscriber base but they need to remain competitive and continue to develo

and could netflix use some flesh blood?f it. >>> and crypto accounts are proliferating. more than 6% on your digital

by the way, netflix announced they are not going to charge. to throw the games in for free if you become a netflix subscriber. that is not going to help the bottom line at all, because it is not inexpensive to develop these games. shery: how long do they have to come out with a blockbuster new idea, before the stay-at-home trades cool off? >> as the pandemic slowly starts to wind down and people want to get back out of quarantine and out of their houses, it is going to be very difficult for netflix to create blockbusters, the way they have in the past for five years. and the, -- in the past 4-5 years. the competition has an advantage over netflix. it is a one note song, a user subscriber company. they do not have theme parks or broadcast networks or other media properties to generate revenue. the idea that --is going to set up shop and sell netflix products, what happened to blockbuster as video retailers? they don't exist anymore. shery: is netflix a cell for you that? -or-are you sell for you? or are you hoping a bigger company will acquire

it is not just netflix versus disney plus and the other ttt platforms anymore. it is netflix and them versus gaming versus the metaverse and social and his point was that each generation, julia, watches less and less tv and that time is being reallocated to social and gaming so if you think about it in terms of that, this is perhaps existential for netflix. they have to move into gaming, or ultimately they could lose their engagement >> well, not necessarily i think it is a mixed bag here remember i think it was q4 of 2018 netflix said the time its biggest competition was fortnite it was very popular right then they also talked about how their competition is sleek, their competition is youtube they're all of these different forces competing for consumer engagement the question is does netflix want to be the premium name, the go to name for streaming content, that is the must have service there or do they want to be offering multiple things, do they want to be the gaming service and the content service and are they going to make that two-tiered thing, you pay ext

the traders are plugging in next and plus netflix and game. the streaming giant making a big move into the gaming space in hopes of leveling up en've got that and a lot more wh "fast money" returns. sofi is a one-stop shop for your finances designed to work better together. save, spend, borrow, invest, and earn cash back rewards, all in one app. that's how you get your money right with sofi. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. >>> welcome back to "fast money. we have pretty much a semiconductor smackdown today led by that stock right there and that is taiwan semi. down 5.5%. and now that fallout from tsm did spread to the rest of the chip space the semi etf falling more than 3% today even as apple, a big consumer of chips rose to an all-time high the smh is 15% taiwan semi. dan, as that

and retail practice who has his bull horns poised for more netflix growth.etflix is disappointing sub numbers in the first quarter and then weak guidance on new subs for second quarter only reinforced your negative outlook but what's the possibility that netflix beats that number, which was a low 1 million for this time around. >> oh, i'd say, you know, over 90% probability they beat. i mean, the domestic number or u.s. and canada number is very likely to be pretty close to flat, possibly up 100-200,000. the international number is completely controllable, and if they just spend marketing dollars, they will sign up, you know, low quality, low arpu members any place they care to so i would expect they beat that by a couple million. the bulls will jump all over that saying growth is back. i think the bigger story is that they are saturated in their profitable market which is u.s. , and they are having real trouble now accessing content and getting content pulled back by the other streamers, so disney, hbo, peacock are all pulling back their own stuff and that

action shows netflix, chipotle and united airlines. plus a crypto collapse, bitcoin breaking below 30,000. it is now on the brink of giving up all of its gains this year. we'll tell you about this crypto carnage. >>> and later, it's a wash a breakdown of reporting results tomorrow after the bell. we start off with a tuesday turnaround as it starts to rally in a big way doed. the s&p 500 with all the year's big losses led by materials and financials. the stocks rally the bottom market found some footing. the 10-year yield breaking a four-year losing streak, but today's rally felt more panicked in yesterday's selloff why, dan >> we were talking about this last night we said selling actually took pressure off the lows. it felt like they could really break there. but when you see this sort of broad strength you had today, at least in the equity market, you say to yourself, wow, that really felt like a panic and what happens to all those fears that caused what i thought was a very healthy selloff i'll just make two points. you mentioned yie

films by netflix. the u.s. giant has produced award-winning movies, but because netflix refuses to show its films in french cinemas, it is barred from the festival competitions. >> all platforms are invited to cannes. amazon coproduced the opening film and accepted that it must have a french release. films must be shown in french cinemas and the day netflix accepts this, we will be delighted to have them. >> the row between the film festival in netflix again in 2018 when cannes changed the rules. this is what organizers want to protect. french cinema and the experience of watching a film on the big screen. but this cinema manager says he doesn't regard streaming platforms as a threat. >> it is the public that decides. these days, everyone has a netflix or amazon subscription but people still love coming to the cinema. >> a view shared by u.s. director spike lee, the head of this year's jury. >> cinema and screening platforms can -- streaming platforms can coexist at one time. there was the thinking that tv was

action shows netflix, chipotle and united airlines.ll you about this crypto ca

. >>> netflix after the break. the nft, andrew, that's the one i bought i don't know if you show it. oscar robinson is 8 feet off the ground, in a full split. shown it before. >> that's the nft. >> top shelf that's the one i want. we're going to show it >>> big lineup still to come including the ceos of sap, nasdaq, verizon, united airlines plus the cfo of j&j right ter af the company reports. we're coming right back. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. at pnc bank, ball! look out! we believe in the power of the watch out. the “make way, coming through” great... the storm alert... dad. and the subtle but effective ding. that's why we c

and netflix began in 2018. when can change the competition. this is what can organize as want to protect french cinema and the experience of watching a film on the big screen. but this, in a more manager says he doesn't regard streaming platforms as a threat of edits. but it's much more in the end of the public, the sides these days, every one has a netflix or amazon subscription, that people still love coming to the cinema for them on the if you shed by us direct us spike, leave the head to this. you can carry cinema and streaming platforms can coexist. at one time, there was a thinking that tv was going to kill cinema. so this stuff is not new. french lebanese actress de rina agenda has worked on netflix productions for her. it's important that can take the stand, the science really protect artists and elect rules and the call to ask the country . and sometimes they are friends or work that really deserves to be watched on big screen. can organize the say they talk to netflix executives regulate bought. they'

let's go back to netflix. managing to push higher.still worrying about the subscriber forecast. 5.8 million. you're getting a guidance of 3.5 million coming from netflix. is this more than we are expecting? andre is with us to discuss his earnings report. i know you are a man who thinks it should not be all about subscriber growth but were you taken aback by the futures forecast? >> i was a little bit in terms of i think everybody has known that the international is where the growth opportunity has been for the better part of two years. 2020 because of the covid rebound, the domestic number was inflated. the bigger concern is that netflix needs to diversify and revenue stream. they were the first mover all the way back when it came to bbd and streaming. they have been lagging behind the other competitors. with the subscriber numbers, a wider speed is more concerned about that. caroline: to see 400,000 subscribers lost in the second quarter in north america is something to make you listen. they have been starting to hint at ways of div

she is taking those skills to netflix. i met her when she became a member of the board of trustees at the kennedy center. she was an indispensable member in many ways. she is a great writer, person, and she is taken up the cello. watch out, yo-yo ma. david: you shock the into tim's world a few years ago when you said you weren't leaving abc even though you were mostly there biggest profit source on the evening and were moving to netflix which is not a television company. what did you do that? >> i really had been looking at what was going on in the industry. a lot of people were watching things like netflix. i knew what i was watching. i knew what was exciting me and the exciting program was coming from. i was looking for a certain kind of freedom. i had made a particular brand of tv for abc. it was a certain brand of television which i was proud of. i wanted to spread my wings and do more. this was an opportunity to do so. david: one everybody -- when somebody is famous and they move like a baseball player or football pla

plus, netflix its subs fall short. the streamer, however, did forecast bigger subscriber gains ahead and did confirm its plans and gave a little detail on getting into gaming. and covid concerns, the w.h.o. is warning that the world is going into the early stages of another wave while a new study finds j&j's vaccine may not perform as well as the others against the delta variant. where do you want to start, markets, earnings, both? >> well, david, i want to talk about the concept of better than expecteds. some better than expecteds are better than other better than expecteds. chipotle was amazing they basically are making money with chipotle outside, anytime they have something outside it's starting to have lunch inside, so chipotle was just remarkable. they could do 3 million per unit instead of 2.5 million it's company owned then let's go to hunts vesper and verizon. that's better than expected but not better than expected it's not as better as better than expected. now, if you could help me there because i'm not a w

david: so you go over to netflix. now when everybody is -- when somebody is famous, and they say move, say that a baseball player or a football player, they go to a different team or somebody tries something different, people are always saying this person isn't really as good as their reputation, and they're going to flop. and there's a lot of, i would say, in hollywood, maybe there's some people that don't like people that are too successful. and so they're kind of wishing secretly maybe they're gonna flop. but you didn't flop. you had an incredible hit. your first show, "bridgerton," was the most successful opening show of anything on netflix ever. >> all is fair in love and war. david: so when it went on for the first time, were you worried that night whether it would actually be a success or did you not panic? shonda: you know, it's interesting. i wasn't scared about the success of the show. that's not my job. i always say that. i was happy by then because netflix was already happy. everybody had already really li

this is what you will see in can films out by netflix. the us streaming giant has produced award winning movies. but because netflix refuses to show its films in french cinemas, it is bought from the festival competitions totally. but from fulton county. all platforms are invited to can amazon co producer opening film net and accepted that the film must have a french release in competition. films must be shown in french cinemas and the day that netflix accepts this we will be delighted to have them the route between the film festival and netflix began in 2018. when can change the competition we're. this is what can organize as want to protect french cinema and the experience of watching a film on the big screen. but this, in a more manager says he doesn't regard streaming platforms as a threat of edits. but it's much more in the end of the public, the decides the states, everyone has a netflix or amazon subscription, that people still love coming to the cinema. because most of you shared by us director spike li, the head to this you can j

and could netflix use some flesh blood? we'll ask about all of it. >>> and crypto accounts are proliferating. more than 6% on your digital currency holdings and let's you borrow with crypto, as well. we'll talk about the opportunities and the risks as regulators start to crack down dom chu is here with those numbers. >> it's day two of this recovery trade since the sell-off we saw on monday. now the dow, the s&p 500 and nasdaq have all recovers all of their losses from that monday sell-off and more. the dow is up .75% it is caught up to where it was before the selloff happened. up about .5% for the as much and nasdaq, as well. predominantly green. we'll see if it stays that way in the closing bell today. one of the part of the market a lot of people have been watching, have been for a while, one of the most popular if not the most popular search on our website is the ten-year u.s. treasury yield at the lows, we hit about 1.13%. we are now up to 1.29% yes, the trend has been lower, as you can see there, but a move in higher

emily: what does that mean for netflix, the traditional competitors that we think of when we think netflixike disney plus and hbo? >> this is a great example of trying to stay ahead of the market. they were years and years ahead of the rest of the market into going into global competition, binging, many of the things that defined the streaming wars they solidified by 2013. it is clear gaming is the next big thing and reed and the rest of the company seem focused on what the company looks like in 2025 as the market tries to replicate what netflix was in 2013. emily: we are going to continue to follow your thoughts and your portfolio. you just had a company focusing on interactive technology raising some new funding. appreciate your insights. managing director, former amazon studios. thanks so much for joining us. another story we are watching, taiwan semiconductor is underscoring its crucial role in helping alleviate a global chip shortage. tsmc expects sales to rise more than 20% this year. the company makes chips for apple and many of the world's largest carmakers. coming up, the blank ch

can organize the say they talk to netflix executive regulate bought. they've been the breakthroughs, though for another year the feud has been in the spotlight, but then can wouldn't be can without some control vesee. natasha butler, i'll just 0 can still ahead on al jazeera action from the euros as england reached at the 1st major final in 55 years. that's coming up next with a with a news news news with me. ah ah ah ah. now thank you very much just over 2 weeks until the lympics and it looks increasingly likely that fans will be banned after the city was placed into a fresh cove at 19 state of emergency. the president of the international olympic committee, thomas buck arrived in turkey, just as it was announced the games will be held in highly under emergency measures . he is now isolating for 3 days at the i o. c. hotel. foreign friends have already been blocked from attending, but organizing had hoped to allow 50 percent capacity crowds for domestic supporters. this is now expected to change though with an announcement expected. later on thursday.

a lot has to do with everybody who wants netflix has netflix.o have seen everything they want to see and do not need to pay the subscription anymore. they can add games to make them stickier. apple is the competitor, it has apple tv+ and apple arcade, a subset christian service of videogames. -- a subscription service of videogames. there is a direct competitor on this basis. anna: is that who they are going up against, other companies that do a multitude of things like streaming content and gaming? or will they go up against gaming companies that you need real hardware? it is difficult to get hardware at the moment if you want to jump on that bandwagon given chip shortages and distribution issues. it is difficult to get a hold of some of these consuls. alex: we don't know what games they will have, whether they will be high-end that you play on an xbox, or will it be more mobile games? this is something enabled by high-speed data connections. a lot of companies are getting into videogame streaming. google, microsoft, sony are doing it. that is

it does strike me you have apple hirings and netflix. netflix hiring facebook execs.eeds to hire a particular to beiiktok exec we'll move along the nasdaq is partnering with big banks to spin out the platform for tradings stock in private companies. it will receive investments from citi, goldman and morgan stanley. it was established in 2019 allowing brokers, private investors to manage stock investments. bob, this wasn't a yesterday innovation, so to speak. why are they taking this step now? >> well, because the potential is there so think about an employee of a company and they thought there was going to be an ipo after five years and they are now ten years. they want to buy a house there's pressure on them there's no obvious market. a venture capital firm that has a 5-year investment horizon and they are on a 10 year, this is a common problem there is a market need here's the real issue. the companies want to control this they want to make it very clear. you're not going to set up a private market we're trading privately for 100 and you want us to sell for $100 mos

facebook, amazon, netflix and google i think netflix is a terrific business subscriber but the stock only started going higher last night when management mentioned they're working on having some gaming stuff i mean, then they started preaching the virtues of interactive entertainment. what i want from netflix is content, good content. if they don't have enough good content to get lots of new subscribers around the world is an issue i want signups, global signups i don't want pull throughs as in the pandemic pull throughs i don't want to hear about gigantic runways when they're clogged with hbo and disney. i want the netflix of old where the conference calls were fun and jovial, the kingpins of entertainment kicked around their favorite shows i used to read the netflix call to my wife because i wanted her to watch the shows recommended by reed hastings this time i found myself, oh, man, i've got to finish this conference call. does that mean it's time to rip the n out of fang? i still can't go there i want to see what netflix looks like when it's no longer handled by covid when people

a company like netflix? well, the shares are down about 4.25% today. five-day losing streak >> still hanging on to 160 the flood of etf inflows since january. this year is on track to outpace last year's record and the management style of the funds is also start to go evolve. bob pisani is down at the nyse with more today. bob? >> reporter: hello, kelly. good to see you. the etf tidal wave continues and it's accelerating. year to date u.s. etfs have taken in $488 billion and that will easily outpace the roughly $500 billion outflows in 2020. that was a record year so you see this is going to be huge this year why are etfs so popular in general? what's causing the record in flows? they have many advantages over mutual funds they can trade intraday, number one. number two, they have lower fees, much lower fees. number three, they're more tax efficient. but several trends are accelerate that go are benefiting etfs. first, inflows into passive or index funds continue as passive investing continues to win out ove

. >> thank you >> now, let's turn to netflix.orting its second-quarter results on tuesday afternoon the key number to watch, 1 million new subscribers. that was netflix's guidance for the second quarter and that is a dramatic decline from the 10 million subscribers added in the year earlier quarter. the question is how much netflix will see user growth accelerating in the second half of this year analysts forecasting that the company's guidance will be around 5.5 million subscriber additions for the third quarter. disappointings youer growth and guidance last quarter did send the stock plummeting now, netflix shares are pretty much flat year to date, but more than three quarters of analysts have a buying overweight rating. morgan stanley out this morning reiterating its overweight rating, saying more content is on the way, and that should support more subscribers the back half of the year. howsuch saturated is this marke? we hope to hear more about the company's plans for video ames >> i'm sort of sick of hearing every time there

netflix set to release it quarterly report tuesday. week for the streaming dried, receiving 129 emmy nominations, just behind hbo max. we learned it is planning to offer video games. lucas shaw was behind the bloomberg's group and joins us now. i'm curious what there were -- the reverberations have been about netflix's foray into gaming. lucas: i think a lot of people are confused, if you will, as to what the plans are. we have seen mixed action on loft -- wall street. it feels inevitable because the leadership of the company has signaled that for a while and the big question is whether netflix is going to be more successful than other entertainment companies. disney has tried to make videogames before and it did not go well. is it a natural extension of storytelling? is it a whole new medium they have to figure out? emily: my question to you, with disney and so many well-known characters that we have all come to love over decades, why could not disney pull it off and why would netflix that the any different? lucas: you know, it is a g

netflix forecasts another period of sluggish earth despite a second quarter beat. plus a busy day for earnings here in europe. we will be speaking to the ceo's this hour. good morning. happy wednesday after a turnaround tuesday. what a roller coaster ride of a stock market action over the past two days to start this week. we have this big ounce back in equities so let's see where it is tracking so far this morning. msci asia pacific index higher by 1%. it is not as high as it was earlier this morning. some of the enthusiasm getting taken out of the market. we are looking at an american future session that is a bit weaker as well, down .2%. you are also looking at a u.s. 10 year yield and 30 year yield which is tracking lower. we have got a bunch of earnings hitting the wire. to get us through them, we have anna edwards, anchor of the european market open. thank you for joining us this morning. i want to touch asml because it is breaking -- crossing the wire. they are seeing their net sales at 5.2 billion euros to 5.4 billion euros, exceeding the expectation that th

netflix soars past 100. time to sell?hare thursday, a day after the company reported another phenomenal quarter but many analysts are skeptical of the lofty share price. the company's stock price has doubled in less than three months with shares soaring 15% to $100 thursday. 32 analysts covering netflix only 10 have a buy rating, 15 say hold, seven say investors should be selling the stock. guess what, folks? it is up 3546% since this article. i'm not saying game stop or amc are netflix but wall street doesn't always get it right. i've seen it happen over and over to dozens and dozens of companies that were written and went to do very big things. joining me now, host of trey's trades on youtube, trey collins. how are you feeling with the current pressure on amc. a lot of people are looking to you. how are you feeling, what are you saying? >> charles i come back to essentially the why behind the trade. i think there are three main things that kind of drive this overall trade. it is apes, shorts have not covered positions y

no doubt the growth had -- in netflix is history. netflix appears to be paying a price.heir shares. it is not unusual for this stock to bounce around after earning. you look back, our numbers show an average move of 11%. they haven't quite gotten that today. you do have the biggest decline in the s&p 500 and you have a continued situation of a trend of netflix earnings over the past seven quarters. it goes down here after having risen every year since 2015. that is another noteworthy piece. profitability. even though subscriber numbers don't look as good, they are raising prices. as a result, profit margins are going up. the problem is, it is not as much as netbooks want. they are aiming for a three percentage point increase this year. it looks at their only getting about half of that. amber: they've got to spend the money. they have to spend on content, potentially video games. i'm wondering, how does it compare to some of the other media companies? do we see a similar drift away from them? >> not in terms of stock prices. there are 22 companies in the s&p 500. netflix

august 20th on netflix, everyone.ractive. [ cheers ] so we came up with a challenge suited to your unique set of skills. these are objects used to do boring everyday activities. and we want to see if you can use your sheer animal magnetism >> i'm r, >> anthony: okay. >> i know the studio didn't want me to take my clothes off, but i'm going to take my clothes off. >> anthony: oh, well, hold on. wait a minute. wait a minute. you aren't the only one. hold on. >> ready for the first one? >> anthony: wait a minute. all right. the first activity is sanitizing your hands. sanitize your hands while i get naked. >> all right. >> anthony: make it hot. >> all right. i've got the purell right here. i like to squirt it all over my chest. sometimes i rub it all over my face. is because it kills 99.9% of things. >> anthony: yeah, i've never felt so sanitized. all right. i'll let the audience pick. audience, was that sexy? [ cheers and applause ] that's a resounding yes. all right. the next activity, you opening a can of tuna. make t

on netflix long-term prospects. stuart: bullish on netflix long-term. thanks for joining us. this morning. stock is down a little bit. >> on their iphones were 5g capable and the cheapest phone they have launching in the new year, they are going all in even the cheap phones. or of affordable. stuart: thrifty. the dow up 180 points. we will be back. ♪♪ ♪ ♪ with cutting-edge tech, world-class interiors, and peerless design... their only competition is each other. the incomparable mercedes-benz suvs. extraordinary runs in the family. visit your local mercedes-benz dealer today for exceptional lease and financing offers. only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses. ♪ ♪ i am tiffany. and this is just the beginning. ♪ ♪ municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potentia

next up, a question on netflix >> hey, fast money zahir from arlington, and i have a question on netflixstock has been moving sideways for the last 18 months or so and all of these companies are being bought out so there could be a potential content issue down the line and there are only so many subscribers in the world so where do you see netflix five years from now? is it a buy or a sell? >> good question on the growth strategy and potential penetration for netflix. is there room for this company to grow in five years? so out of the original faang stocks, netflix is our least favorite out of the group and it's for some of the reasons that zahir mentioned in his question there is a ton of competition in this space and we've seen it continue to grow over the last 12 months during the pandemic. so whether you're looking at disney, whether you're looking at paramount, peacock, hbo, there are a ton of them and half of them are automatically billed on my credit card, i can't even tell you anymore how many of these things i've signed up for and i think people will start to clear that out a li

first, shares of leslie fell -- of netflix fell. we will get you the numbers and the latest of the ongoing earnings call. this is bloomberg. ♪ haidi: let's get a look ahead for australia and new zealand today. half of australia's population is back in lockdown after south australia joined torrey a and new south wales in ordering residents to stay-at-home as the delta variant leaks across the country. dividend payoffs for most really is biggest companies are expected to bounce back to pre-pandemic amounts in 2021. a bloomberg's group. php is said to be considering to get out of the oil and gas business in a multibillion-dollar is this that would accelerate its exit from fossil fuels. netflix shares falling in post market-rate after the company's forecast missed analyst expectations. our senior analyst believes netflix needs a fresh add. netflix saying they are committed to growing profit and cash flows, saying they are not worried about growth slowing in the long term. this is why there's so much focus on the gaming foray. does it se

joining me is laura martin you have had a skeptical eye on netflix for a while now. what's the matter with it? >> the problem is it's got real competition now and they have a single pricing tier up at the $15 level. and they have very real competition from discovery plus, disney plus, peacock, all which have $6 tiers which increases their total addressable market and creates a low-cost on ramp into the more expensive service. but for people like consumers who get sick of ads. so nothing is getting better for netflix and it's not part of the reopening trade because it is not ad driven. and advertising will have a huge year over the next 12 months so we'd rather be in ad driven tech stocks >> i was looking at netflix over periods of time and sure if you compare netflix to apple, over one year or over two, itlooks ugly if you look over five or ten years, right now they are neck and neck so maybe, maybe what if, you know, the stock has just sort of cooled off apple is caught up and now they run more in tandem netflix is still the leader in its category it seems to be sim

netflix already has your time and attention.es it worry you or does it not say what's going on? >> there is conversations about gamestop doing subscription video games a decade ago they've been asleep at the wheel too long there are really powerful companies most of the media space has said we are not going to do games. saying we really understand the technology and subscription. we are not going to create a separate app but gives me more to do through netflix's. >> the spy >> no. >> the statue of aaron cohan >> no. >> the spy, you should watch that the media space is dramatically changing and there is so much amazing content. you can go watch black widow >> we'll see i'm back to pbs. short seller carson block sounds off on the china crack down. we'll be right back. she'll say she's got goals. and since she's got goals, she might need help reaching them, and so she'll get some help from fidelity, and at fidelity, someone will help her create a plan for all her goals, which means suzie will be feeling so good about that plan, she

big picture on netflix. i know you've been a bull on netflix.xpect the them not to do well on subs and sure enough the stock is moving lower? >> fact that the subscriptions were not good shouldn't surprise everybody. last year, people were burned out on netflix, tired of recycled content. i think with the $17 billion that netflix will be spending in content this year, with the second and third, fourth quarter, you will see subscriptions increase significantly and the addition of the gaming, of online gaming, of video games is going to be significant for netflix because of their massive subscription base. now i think now is a great time to jump in and take advantage of it. liz: all right. jeff zika, wonderful to have you. nice beard, my friend. i haven't seen that lately. [closing bell rings] dow industrials pushing higher. close to session highs. another good day. call it rebound day two. we'll be at it again tomorrow. who knows what the markets which bring. that will do it for "the claman countdown." ♪. larry: hello, everyone, welcome to "kudlo

. >> netflix, at&t, intel, verizon, twitter i will watch for two things, netflix and at&t i want to seeriber fatigue setting in now that people are getting out of working from home and getting ready to go back to the office especially around labor day and within tell i want to see if there's comments of what's going on with the chip shortage there was reports that intel could be considering major purchases of a chipmaker called global boundaries i don't if you heard a comment there but anything they can tell us about the chip shortage that affects so many different industries. jack: a bunch of cars sitting on lots that are completely ready to sell but they do not have chips in them. another potential tailwind for the economy and the market as a child tax care credit that's begun flowing into big accounts in the past few days, tell us about that. >> this year only the standard $2000 child tax credit was increased to 3600 per kid and as you noted for the first time ever that irs is determining eligibility and sending folks their monthly checks for the rest of this year, this is not being