netflix did not forecast additions, but investors care. they are forecasting 1.4 million new subs this is the netflix first quarter without reid hastings. we will see if he makes an appearance on the earnings call. frank, back to you. >> that was julia boorstin we will have more on netflix later this hour and why the "love is blind" troubles is pointing to the issues with live events >>> we also have amy wu silverman with the latest. >>> and apple is pushing with the retail store in india. we have a live report from mumbai still ahead. >>> first, one ev maker not following tesla with the price cutting war. eunice yoon is live at the shanghai auto show with a look eunice >> reporter: frank, this is a chinese company, but a bit of an outlier. it is one of the brands that dropped the price thanks to tesla. more on the price war in a few minutes. (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-s

the chasing netflix is sort of over and that means effectively, netflix is going to win. >> all right, the race not really a race anymore. rich greenfield, thank you so much always great to get your thoughts see you soon >> thank you >> all right julie, he addressed some of the issues that you talked about before, what do you think? is this netflix trade one that you would want to get into >> i -- you know, i still want to better understand and have the economic model for when they do ad supported and the password sharing. i kind of agree, i think it's probably going to be okay. password sharing is a little bit like when you have a party and you have that one guest that won't leave and you're just kind of trying to push him out the door slowly. and i think that's a little bit what they're trying to do is get those people paying, and it's not easy to do that, so, i think i want a little bit more data than canada, i mean, those are like sweet people, right they're not americans. so, i'd like a little bit more data before jumping on but i agree very much on the point that international d

kriti: the big one is the netflix shares. you are seeing them plummet down about 3.2% after reporting earnings after the bell yesterday. netflix thought they would increase their subscriber count by cracking down on password sharing with the exact opposite happened. last quarter, the bigger focus was not on the domestic but the international. their biggest subscriber increase last year came from india. they are talking about the international expansion continuing. latin american coming into focus. at the opposite effect when it comes to password sharing. shares down 3.2% on the day. asml, the dutch semiconductor equipment maker wait about chips. -- worried about chips. tsmc, one of the biggest players in the chips space, talking about cutting because maybe the demand does not support how much supply is needed. if you are producing less, that is not good news for an equipment maker like asml. stories like this pushing those shares down 3%. alibaba as well coming out and saying they may spin off a part of their grocery business

joe biden confirms he will stand for a second term as us president. stand netflix announces a big investment in south korea as they attempt to find another squid game. welcome along two the find another squid game. welcome along two the business. find another squid game. welcome along two the business. joe find another squid game. welcome along two the business. joe biden has launched his re—election campaign for 2024 and the oldest president in us history asks a divided nation to assess his achievements of the first term. there is much to debate. sweeping economic legislation and the recovery after the pandemic at the foreign policy front, marshalling the western alliance to support ukraine, but there's also the withdrawal from afghanistan on his record and high inflation that continues to undercut the efforts to stage an economic revival across the country. with all of that in mind, we can speak to michelle in new york. this announcement was not met with surprise but has it been met with surprise but has it been met with much enthusiasm? if with surprise but has it been met with much enthu

how do you even get a netflix dvd?ver seen the option so they have a separate website. .com. okay out how you can get your lexus at 80% less than prescription hearing aid prices. we're back with this happen, starting with a new take on a hovercraft happened in tokyo, a japanese inventor went on a demonstration flight of his latest attempt at a hovercraft, he says it's made from everyday components lumber purchased from home improvement stores and bicycle parts and components from radio controlled cars, using his own hands and simple tools. pretty cool. it's essentially a drone. that you can ride that hovers only a few inches off the ground. cool. but you know why i'm trying to get with the things on the bottom. are those bubbles looking things ? either way, it looks fun. next a reminder to obey no parking signs. this happened during high tide in massachusetts last sunday. look at this. the car was parked near cape cod bay. becoming partially submerged as the tide came in. the car was towed on monday. no word on whether

and now netflix set to release results.netflix set to release results. we'll break down the numbers.an results. we'll break down the numbers and first horizon and western alliance are reporting results and we'll hear about the dem

post earnings nasdaq inc and netflix. we can tackle nasdaq first. it's up 3.25% surging on profit beat and a dividend hike that came during a bone dry first quarter ipo market. can the ai arms race revive initial public offerings? president and ceo adina friedmann joining me on the clayman count down. let's get to the floor show and trader joining me now and dutch masters and scott bower. scott, i want to start with you. let's tackle bank issues though. western alliance. this is a regional that just a couple of weeks ago was was going down the rabbit hole behind silicon valley bank and take a look right now. it's popping about 23% at the moment >> look at kre, regional banking sector and it's up today and it's kind of across the board that you're seeing maybe not blow out stellar earnings but what we didn't see or haven't seen so far is the catastrophe and devastating news of what may have been. >> we're not out of the woods but the smaller regional banks are looking good and a lot more reports coming out other the next couple of days and i look at

we will be watching netflix, linkedin.on australia -- very earnings focused, looking for more clarity and the outlook. the vix, dropping down below the 17 level. star entertainment has brought up its flagship said in a casino for review. haidi: shery: let's bring in our next guest who is overweight on equities especially outside the u.s.. with us now is the chief investment advisor at the bnp paribas wealth management. but to have you with us. -- good to have you with us. we are seeing revenge consumption coming into play. if you like china, what are you looking at? a shares? what part of that market do you like? >> actually, we like both, a and h. we have been seeing a lot of investors that are still cautious. but i think this is actually good, to know people are still cautious and we jump into markets before everybody goes in. i think for now the chinese market is still far from private. with a better than expected economic data, especially in the coming months, we do see china is gaining more momentum to recover. also,

come september 29th, netflix will finally end its dvd b mail business.ny won't say ho many people still use it - we know it's at least one. how do folks react when they hear you still get dvds by mail? >> most people are like, that' still a thing? >> amanda teaches film studies at georgia southern university she says the netflix dvd pla is cheaper than signing up for a bunch of streaming services, and this election for older, more obscure movies is usually better >> the first thing i said this morning when i saw the news on my phone was, oh, i'm going to go out and buy a whole lot mor dvds now because i can't things acces things the same way anymore. >> netflix actually starte mailing dvds back in 1998. >> i guess i have unti september to watch a lot o things >> after that -- we'll, amanda won't be mailing in joe fire, nbc news >> hollywood reporters media and business reporter alex weprin joins me now. it's an end of an era with these dvds, but does that sa and missouri is no exception what's notable when is very, though, is democrats actuall have a lot

i came away thinking, netflix is a bargain.sn't it the moment that we're waiting, we're all looking to say, i'm still wanting to pay for that >> yeah, i think a lot of consumers are trying to figure that out i think a lot of them are overburdened by streaming services at this point that said, one good show you want to watch will keep you paying the price >> and how about 35 new shows that you want to watch and 15 movies and 5 live -- that's why i come back and i say, wow >> but it is funny how we are recreating the cable bundle with all these ad-supported entertainment networks that basically you're paying a subscription for i mean, at some point, somebody's going to bundle them all together again and we're going to be back where we started. >> there were seven channels that i wanted for summit, new jersey, that i get, of which there's no programming >> i hear you. >> and i even sponsored a high school program to get some programming, so when i went from 37 to 48, there was something there. and it was mostly about summit lacros

on the upside netflix co-ceos says they're doing well.he tier is above expectations and it's noncannibalizing their streaming. they continue to be pleased across all key dimensions. they also weighed in on their crackdown on password sharing, announcing plans to launch paid sharing worldwide in the u.s. in second quarter saying delaying the launch will result in a better outcome and better revenue will fall in the third quarter real estate than the second julia boorstin, business news, cnbc, los angeles. >> i guess the initial interpretation for the market was the subscriber numbers were very disappointing, but looking ahead people are comforted by the fact they're placing a lot of focus on margins and what's interesting about netflix, even though their subscriber numbers have been growing, average revenue per user has been dropping they're looking how they can raise the average revenue by adding the ad-tiered model and by passing down on password sharing. also just to note, ubs ten minutes ago said they have raised the rating on netflix

a fuzzy picture for netflix. streaming giant said it added 1.75 million subscribers in the first three months of this year. that should have been a positive but wall street was actually expecting the company to have added more paid membership. netflix lost more than 1 million subscribers in the first six months of 2022 and moving forward, the company has also warned of weaker growth in the months ahead. our north america business correspondent samira hussain has the latest. last year, netflix reported not one but two quarters red lost customers. it was the first time the company has reported a loss in subscribers in ten years. these latest results show again in subscribers, and that is good, but it's actually much less than what investors were expecting. netflix had come up with a plan to try and crack down on password sharing and it was meant to rule out in this first quarter but the company decided to hold back until the second quarter of the year. and to try and make up for lost subscribers last year, netflix

. ., , something we see every day on netflix. . , w ., ., netflix.g at — netflix. the last actual royal wedding at york _ netflix. the last actual royal wedding at york minster - netflix. the last actual royal wedding at york minster was| netflix. the last actual royal l wedding at york minster was in netflix. the last actual royal - wedding at york minster was in 1961, when the duke of kent married his yorkshire bride. netflix said the scenes are grand in scale, worthy of such a beautiful venue. you're life with bbc news. there's been an escalation with fighting in sudan. the united nations is more than 400 people have now been killed. a cease—fire plan to coincide with the eid felt festival failed to materialise. 0ur correspondent is one of the few journalists reporting from the city. his peace has just come in. security is increasing. they are caught here fighting from across the city. translation: we were afraid, but there's nothing we can do about it. we are used to praying here every eid. the streets were in deed, but we hope next eid, things w

and netflix and netflix cannot say, well, okay, well i'm afraid we that's all we, we've had time for that. so he abbas how us from a minister of states for antiquities affairs archeologist, an egyptologist. thank you very much. well, as the us led invasion of iraq marks is 20th anniversary this spring, we recall one of the most gruesome american actions in the middle eastern country. and one of them was revealed by prominent jail journalist julian assange in april 2010 in the video called collateral murder. a group of people including 2 roaches. journalists are seen, be shot, been shot down directly by u. s. troops for people were killed in that attack. in so it's a lot of st. steve sweeney got an opportunity to speak to a man whose relatives were killed by the us. them it was here. the 2 royces jernace were among those killed as a us apache helicopter, open 5 and unarmed iraqi civilians. the crew last, as people lay on the ground dying at least 12 people were killed and 2 children among the wounded in 2 separate rod or 24 or 4 route. and that's a weapon. 1856, individual 247. reques

but netflix has done a lot of good work on subtitling and dubbing.e, the experience is much better, so where there are universal stories coming out of places like south korea, it is understandable that people are watching them because it is a lot easier to watch that content. in other news... european union member states have approved widescale changes designed to help the bloc reach legally binding targets on cutting greenhouse gas emissions. the measures will see road transport, shipping and buildings included in carbon trading schemes — the main tool for cutting emissions. they'll also phase in a levy on high—carbon goods produced outside the eu to ensure manufacturers abroad don't have a competitive advantage. nestle has reported slightly better—than—expected sales for the first quarter of the year, as the world's biggest packaged food company increased prices to offset weak sales volumes. the swiss company, which makes kitkat chocolate bars, nescafe coffee and maggi stock cubes, said sales rose 5.6% to $26.5 billion. that's the latest from busin

netflix reported lower subscriber gains. they are forecasting a growth following a crackdown on password sharing. for us -- for more let's get with alex webb. i hope you do not share your password. >> i do share my account with my wife. i don't think they care about those. the increase in the subscribers was not as much as the market expected. they increased by $1.3 million, they were expected to increase by $1.5 million. initially, the stock plummeting fell as much as 12%. there was more time to understand the numbers. as you look to the full year, the cash flow estimate is higher than people expected. the market expected $3.4 billion. another pity is that they are finally getting ready -- getting rid of the dvd leasing business at the core of netflix. that is finally going after years. tom: we were talking about this. dropping dvd sales, that is what they built the business on. more alex webb and more things tech in the second half of the show. i know we will have a musical reference from manus as well. the european econom

look, live is not netflix's expertise. many years where reed hastings, now executive chairman, said we're not going to do live sports or news. it's not our thing they have been moving slowly in that direction they have done some live comedy specials that has gone fine sunday night did not go well, but maybe we'll hear more about it on the call and whether or not they're going to continue to push forward therory whether they're going to stick with their bread and butter which is on demand content. >> writers strike, you hear any scuttlebutt about that yet >> yeah, i'm hearing from my sources that a writers strike is expected to happen the contract between the writers guild of america and the studios expires on may 1st i have heard it's going to happen the question is how long it is interestingly, netflix, because it is so internationally diversified, may be better protected because it does have access to so much content from outside the u.s., and also its viewership is also very much diversified. they may be better position

netflix experiment in canada. subscribers do come back when forced to play. the other thing, netflix is getting more money from people who use the ad supported version of it. two things to get excited about. jack: jack otter: front on a list of what we are worried about. carleton: amazon, meta, a lot of these are focusing on cost of cutting and the other thing is when it comes to the cloud which is supposed to be big for those companies, businesses spend less on the cloud and downtime. jack otter: there's no bud light in my fridge. jack hough: i love tiptoeing around culture war stuff and chased by hornets through a manure fire. thank you for this opportunity. the bud light trans on a can controversy, instagram posts from a trends influencer and sent her, just her custom beer cans. they did not replace all the cans at your local 7-11 with trans cans but there was a back lash, threat against anheuser facilities, kid rock posted a video shooting up but like, what is going on? it's been a minute since i heard that song. there were threats of a boycott. the finan

>> well, this is netflix after all.s is the dreaming market leader of the last decade or so, so never put anything past netflix. this was absolutely a debacle last night they've only done live streaming once before really with the chris rock stand-up special. selective outrage back in march, went off without any problems, but it's very much so live a new technology for them. it appears to be -- there appears to be a need for more stress testing this is a platform that would be able to handle anything, but given its sheer engineering power but when looking at rolling out such an enormous new element at scale there are going to be kinks that have to be worked out. >> is that nick lachey this is probably great pr for those of us who didn't know about this show. >> yeah. i caught an episode recently myself and knew that there was a lot of buzz about this, a lot of reality fans were excited for this there was a lot riding on this live special yesterday, right. it's interesting because netflix hasn't expressed that much outwa

last year's q1 the first time in years that netflix had lost subs kelly? i read recent data from bernstein's internet survey, they say netflix has react sell rated momentum in terms of downloads and streaming and that data seems to point to the renewed momentum they're thing. >> seems like renewed momentum i was reviewing the quarterly subscriber numbers from last year and it was the first half of last year that was weak the company lost over a million subscribers, but in the second half of the year, things accelerated. so the question is now, what kind of growth they see in terms of the ad business, the fact that they do have the ad supported option out there now, whether that helped them and how many people were subscribers, are so drawn to the content that even if they're borrowing a subscription, maybe they could get some of the people borrowing to start paying for their own subscription or the people paying and lending out their subscription to pay for maybe a bigger, more expensive option. >> exactly thank you very much. we appreciate it today julia

abc news got an inside look at a netflix distribution center.ing ahead of me a world of at least hundreds of thousands of this millions. with a nod to the company's humble beginnings. what was your source of dvds in the beginning very early. it was the best buy things have changed , but before its transition to streaming netflix shipped more than 5.2 billion dvds, the first ever shipped showtime. beetlejuice in 1998, the most popular dvd. you look at him. you think of me. blindsides starring sandra bullock. if you're one of the few people who still own a dvd player, and you want to be one of the last people to rent a dvd by mail. the final discs will ship on september 29th. rhiannon andrew , you have to return it.ha abt vedid that. okay coming up. the excuse of woman gave police for driving 135 mph, plus the spiral in the night sky. isn't that beautiful, captivating as someone living with type 2 diabetes, i want to keep it real and talk about some risks. with type 2 diabetes you have up to 4 times greater risk of stroke, heart attack, or death.

pero la pregunta es quÉ pasarÁ cuando queremos ver netflix desde el celular o hacemos un viaje y nosuÉ hace netflix en estados unidos y cÓmo afecta a los usuarios. >>> gracias. evitando un juicio en un caso que demostrÓ cÓmo la cadena de televisiÓn promoviÓ mentiras sobre las elecciones presidenciales de 2020 como que las mÁquinas de votaciÓn de dominion estaban manipuladas. estados unidos y mÉxico, se enfrentan esta noche en un clÁsico de fÚtbol continental en las pantallas de telemundo y cÓmo fue la hazaÑa de dar la vuelta al mundo en un aviÓn solar, nos lo cuenta uno de sus protagonistas. volvemos. ( comerciales ). detecta esto: viviendo con vih, vi q que podía m mantenerme indedetectable c con menos medidicinas. vi q que podía m mantenerme por eso o cambié a d dova. vi q que podía m mantenerme dovatoto es para a algunos vi q que podía m mantenerme adadultos que e están comemeno vi q que podía m mantenerme elel tratamienento para e el vih 1 vi q que podía m mantenerme o que estátán reemplazazandu vi q que podía m mantenerme tratamientnto actual parara el vih 1.1. detecta esesto: n

delano saporu and max wassermann, thank you both. >>> we begin with netflix.hares rebounding after falling double digits in extended trading yesterday after reporting some mixed results for its latest quarter surprising growth hover coming in stronger than expected while output not as expected netflix plans to ship its last shows. we have much more on netflix's results coming up later in the show. >>> western alliance surging in the premarket after reporting outflows and $10 billion of additional inflows made since april 1st. the phoenix-based bank had previously reported deposits fell on the back of the silicon valley bank collapse with deposits accounting for 73% of total deposits, up very sharply from the start of the year united airlines posting a net loss it's more of a shortfall than expected citing lower fuel costs. shares are still higher after airline joined rival delta air lines in forecasting a profit for the second quarter ceo scott kirby will have more on those results when he speaks exclusively with "squawk box" coming up at 7:30 a.m. eastern. >>

good to talk to you about netflix. .e will get the latest indication of how much prices have been rising in the uk in the last month. the rate of inflation increased more than expected in february to 10.4 percent as salad and vegetable shortages helped push up food prices at the fastest rate in 45 years. so will the figures for march published this morning give any hope that the rate is beginning to fall? joining me now is sylvain broyer, chief economist for europe, middle—east and africa at s&p global ratings. good to see you. we are all getting a bit obsessed with inflation rates worldwide but certainly in the uk because we are still double—digit and a lot worse than most countries around the world. what would today tell us you think? maybe a silver lining _ today tell us you think? maybe a silver lining in _ today tell us you think? maybe a silver lining in the _ today tell us you think? maybe a silver lining in the sense - a silver lining in the sense that inflation in the uk is expected to fall below 10% since the f

. >>> and netflix is not chilling when it comes to cracking down on password sharing. we're back in just one minute. shingles. some describe it as an intense burning sensation or an unbearable itch. this painful, blistering rash can disrupt your life for weeks. it could make your workday feel impossible. the virus that causes shingles is likely already inside of you. if you're 50 years or older, ask your doctor or pharmacist about shingles. you need to deliver new apps fast using the services you want in the clouds of your choice. with flexible multi-cloud services that enable digital innovation and enterprise control, vmware helps you innovate and grow. subway keeps upping their game with the subway series. an all-star menu of delicious subs. like #6 the boss. meatballs with marinara and pepperoni. i get asked so many times - who's the boss? if you get the boss you are the boss. try subway's tastiest menu upgrade yet. >>> it is now one of the largest defamation settlements in u.s. history. fox news agreeing to pay nearly $800 million to dominion voting systems avoidin

we're starting with netflix.et to report results after the bell today this as hollywood kicks off a writers strike that has the potential to disrupt the entire industry dee, let's start with you on what to expect from earnings >> it was just a year ago when netflix saw its first subscriber loss in a decade julia has been talking about this as well that's when they put the emphasis on profitability over subscriber growth. that's led netflix to outpace their rivals on that measure more than a billion expected that's going to help them there, but investors are going to be interested about some of the other stuff as well, an update on the password sharing crackdown, on the progress abroad, its ad-supported tier, and of course, guys, what the heck happened with love is blind over the weekend and what happened with their first live event in ages >> julia, now we say okay, as soon as they can get through a couple of these land mines, oh, the writers strike is this the first big writers strike in the streaming world or n

we have netflix and tesla.om them are they a catalyst for the nasdaq to reverse this month >> uh, yes that is how earnings season played out three months ago. it will be a surprise on the demand side. i don't know if tesla and netflix singularly move the markets, but individual performance is going to be important to watch because at the end of the day, these are widely held names. you know, let's hope for the best >> you are always a glass half full tom lee, thank you >> great to see you. >>> one check of futures as we go the futures are higher in the green here and now a reverse with the nasdaq dipping into the red something we will continue to watch. that will do it for us on "worldwide exchange. "squawk box" is coming up next (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from

netflix wants more revenue.s more ways to make money and that is the way to do it. >> we understand hbo max now has a new name. you can just call it max. what is behind that? >> this is part of a merger . now, warner media, discovery joined together. it is warner brothers. as part of this merger, there will only be hbo max content in addition to content from discovery. they have content from hdtv, the food network . it will all be on one platform. this will launch on may 23. on may 23, they will have one platform that has both of those companies content on one service but you won't have to describe to both of you have both. this is something that will be rolling out very soon. another indication of this is the constantly changing media landscape. >> we look to weather writers will strike . there is so much to talk about. thank you so much for talking to me. it is always a pleasure. i will stop sharing my password. thank you so much. >>> hello. i'm meteorologist mary lee with your first alert weather forecast. de

you can continue to watch netflix at your house.not going to be a free ride like it once was. >> netflix says this is just a new way for the company to boost revenue and stay competitive. >>> a big day for music fans in the bay area. single-day tickets for "outside lands" went on sale. the festival rocks golden gate park every year. this year's lineup, pretty good, including kendrick lamar and foo fighters set to perform. general admission tickets for one day start at $200. the festival is august 11th through 13th. >>> tonight, team usa is taking on mexico in a friendly soccer match down in glendale, arizona. you can watch that gameing at 7:00 on telemundo 48 peacock. before it starts, head to the nbc bay area streaming channel to watch our pregame coverage on , channel 4125. if you have a samsung tv, click to channel 10-33. coverage starts at 6:30. >>> thank you for joining us at 4:30. jeff and janelle are working on the 5:00 newscast, next. >>> gunned down doing his job. the way a home depot employee is being remembered after a su

netflix have come up with a plan to try and crack down on password sharing.meant to roll out in this first quarter, but the company decided to hold back until the second quarter of the year. and to try to make up for lost subscribers last year, netflix created an ad funded streaming service which was cheaper, but subscribers would need to sit through adverts. if the company thought it left its woes in 2022, it seems that this earnings report does not seem like it has. samir hussein there. 25 years after it started selling products in india apple has finally launched its first physical retail store in the country. the boss tim cook inaugurated the store and financial capital moved a much fanfare. a second store will also be launched a second store will also be launched in new delhi on thursday. but why is apple opening stores now and why are they a big deal? our business correspondent explains. apple says hello goodbye. —— mumbai. amongst huge crowds and selfies and loyalists. the apple india story is 25 years old selling a range of products to thousands of it

netflix's mail order dvd service set to become a thing of the past.reporter: in the age of streaming, those red envelopes might feel as archaic as the telegraph, but not that long ago, dvds delivered by snail mail seemed anything but sluggish. online queues offered an alternative to combing the aisle at blockbuster video. come september 29th netflix will finally end its dvd by mail business. while the company won't say how many people still use it, we know it's at least one. how do folks react when they hear you still get dvds by mail? >> most people are, like, that's still a thing. >> reporter: amanda teaches film studies alt georgia's southern university. she says the netflix dvd plan is cheaper than signing up for a bunch of streaming services, and the selection for older, more obscure movies is usually better. >> you know, the first thing i said this morning when i saw the news on my phone was, oh, i'm going to have to buy a whole lot more dvds now because i can't access things the same way anymore. >> reporter: netflix actually started mailing dv

to be exposed to those markets that are expected to grow the rest of the year, netflix is cash netflix'shts but with asia. >> people being sticky about holding onto these subscriptions, we were talking about a modest amount per month, $10 or so, $15 at the max. it's a very sticky business. i am thinking things like coffee, maybe a tobacco, these are things that people are loath to release in tough times. it's a luxury. shery: especially when it comes to chinese consumer spending more in luxury goods. what are you seeing in terms of valuations that could help in boosting those names? >> we have about 20% upside to this company stock. we've got a price target in the 390-4 hundred range, versus the 330 currently priced at. we think that people will become more comfortable as time goes on. look at the performance today in the aftermarket, i know it is like trading here. but it is flat on what people are calling disappointments. revenues came in slightly under earnings per share were on target, the subscriptions had a huge range, i don't know how many people are calling it a beat or a disappo

this is netflix's first streaming event where it allowed -- this was a bit of a failure for netflix'stream events. >> they made a deal about they will do live events. this is part of their big deal of advertising and they dip their toes into it. this is their second big live stream event and for it to fail not only signals to viewers, it is disappointing right now but also all the media watchers and everyone thinking about buying advertising, sports leagues, do you trust that looks to livestream games? this is not a great start. ed: we will have a fuel -- full opportunity because netflix has earnings. one of the worst performance on the s&p 500. felix, i think they issued a apology? felix: they said stick around and they will take the show. they said, we will do the reunion and tape it and put it up tomorrow so at some point, plant --fans will watch this. i think it is less of a problem of -- for the fans but a broader problem for netflix when they made a big deal about we are doing this big appetizing initiative and we are going to rent up --ramp of live programming. jon: --caroline

netflix in particular has great name, the why?ry which just - why? netflix in particular has great| game, the glory which just dropped his party recently. all of us are dead. a physical 100, which was a reality show. also reality shows like singles inferno, which was very popular dating show. part of the reason it is so popular worldwide now as it is offering something that we haven't seen in hollywood. the troops are different to what western audience are dues too. to western audiences it is entirely new. it feels fresh. audiences it is entirely new. it feels fresh-— audiences it is entirely new. it feels fresh. can you give us an example? _ feels fresh. can you give us an example? personally, - feels fresh. can you give us an example? personally, i- feels fresh. can you give us an example? personally, i am i feels fresh. can you give us an example? personally, i am a l feels fresh. can you give us an i example? personally, i am a bit of feels fresh. can you give us an - example? personally, i am a bit of a romantic so — example?

how much is this potentially for netflix? >> we've run some scenarios just in the u.s.da they have already rolled it out in canada, and you combine you are talking 74 million subscribers in north america various scenarios that we run are seeing an incremental one to 3.5 billion in revenue on a full year run rate basis. the difference is if you assume that let's say one-third, 10 million, of those 30 million let's call them free riders do take on either as password sharing plan or their own advertising tier, we estimate that is about $1 billion of incremental revenue on a full year run rate basis. that is an 8% incremental revenue up side to netflix what they announced last night is they will be rolling it out globally during q2 you have to ramp up. so the numbers are full year run rate basis but if you assume 100 million subscribers and they convert a third of those, you are talking, you notice, several billion dollars of potential incremental revenue. >> tim, thank you very much. i will never call my mother-in-law a free rider that just is beyond the pale julia, thanks

it will be| great to see this on netflix. the last actual _ great to see this on netflix. tie: last actual royal wedding at great to see this on netflix. ti2 last actual royal wedding at york minster was in 1961 when the duke of kent married his yorkshire bride. netflix says the royal scenes filmed in york minster are grand in scale and worthy of such a great venue. i am over the moon that such a large international audience is going to see how amazing that building is. you are back with bbc news. i want to turn back to our main story because of course the news dominating today, the resignation of the uk deputy prime minister. coming up the uk deputy prime minister. coming up in the next few minutes, our political editor chris mason has sat down with dominic raab for an exclusive interview on why he decided to resign earlier today. the prime minister having the report tonight and huge pressures on the deputy prime minister and today he has resigned. we have had the details from the bullying report. that interview with chris mason and dominic raab is coming up in the next f

. >>> netflix users learn the lowdown on the crackdown of password sharing. customers have time to prepare, but there is one insider breaking down what families should brace for. >>> but first -- >> you can see our story about how a health care worker is facing manslaughter charges in the death of two elderly people at a san mateo county assisted facility on our website. want more e from your r vitam? get m more with n nature's bob. from t the first-e-ever tripe actition sleep s supplement.. to daily d digestive s suppor. to more wewellness sololutios every daday. get m more with n nature's bob. "the doctor will see you now." but do they really? do they sesee all thatat you ? at k kaiser permrmanente all of us s work togetether to care e for all ththat is y. >>> new at 11:00 for you, police in alabama have arrested two teens in connection with that mass shooting at a sweet 16 birthday party. the pair are 16 and 17-year-olds and are from tuskegee. police say they were taken into custody last night. this is after both are facing reckless murder charges. at leas

and everyone -- what people want to buy in netflix is growth. growth comes from innovation and the innovation is coming from the introduction in the ad business the challenge they're going to face is that eventually they will be competing with disney and nbc and discovery, and all these companies for those ad dollars. it's also going to make up the business the revenue, a lot of the revenue is going to come from the world's largest companies. so that's different than they have they get all of their revenue from 250 million different users. so i think the innovation is going to drive the business. it's always driven the netflix business, but there are a lot of changes coming, and they're innovators i think they'll navigate those changes very well. >> jason, fair to ask if they are going to be able to seamlessly roll out ad viewing when they couldn't roll out their live event sunday night? >> yeah, i think the ad supported component is more complex than the live. it will have its challenges. the encouraging part is in the teething period of the ad

how worried is netflix, amazon _ very timely. how worried is netflix, amazon prime, - very timely.ellow i think competition is ultimately good. this is a big deal, specifically thanks to the rather impressive range of both accessing content and content rights and the premium content creation capabilities. max. rights and the premium content creation capabilities.— creation capabilities. max will ultimately — creation capabilities. max will ultimately be _ creation capabilities. max will ultimately be able _ creation capabilities. max will ultimately be able to - creation capabilities. max will ultimately be able to offer- ultimately be able to offer high—quality exclusive content now and going forward to attract viewers but also create lasting subscriber relationships and increase the loyalty of those subscribers. also, when it comes to subscriptions, will they be more creative in terms of what you more creative in terms of what y°u pay more creative in terms of what you pay for and what you choose to pay for and what you can miss out, so you actually don't pay as much? i miss out,

." >>> and love may be blind, but it sure wasn't live streamed netflix bungling the reality show's live reunion in what fans are calling a disaster it's monday, april 17th. "early today" starts right now >> good morning. i'm frances rivera >> and i'm phillip mena. the highly anticipated defamation lawsuit against fox news has been postponed by one day. opening statements will now begin tomorrow dominion voting systems is suing fox for $1.6 billion, saying the conservative network knowingly lied about their voting machines in the 2020 election let's go live now to washington, d.c. andrew petrimoulx good morning, drew do we know why the judge postponed the trial this late in the game >> good morning, phillip actually, right now we don't the judge gave no explanation of why he issued this continuance last night and neither fox nor dominion has responded for requests on the issue. the latest twist came on a week after contentious pre-trial hearings in a delaware superior court. the judge admonishes the fox corporation of withholding information and misstating chairman rupert murdoch's role

netflix never got it going. the los gatos based company apologized on twitter and put it up afterward. the chris rock show went out without disruption although some delays for viewers. >>> nearly six decades since the ford mustang was introduced to the world. car lovers in the east bay making that special anniversary. >>> 30 rock control room, lester holt is preparing for "nbc nightly news." about four minutes. when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be leless sister, more car? all right, let's get this over with. swititch to xfininity mobile and geget the bestst price fofor 2 lines s of unlimiti. justst $30 a linine per mon. i should g get paid more for t this. you get t paid when n you wi. from xfifinity. homeme of t the 10g netetwork. you u didn't chohoose cat allergrgies. your hairlrline. or that ththing where e your knee e just gives out t for no reaeason. but.t... you c

we don't have any certain answer from netflix just yet.l broke the internet. maybe there was a technical glitch. i'm not sure just yet. dani: she said don't go anywhere, don't leave the couch, don't go to the bathroom. if you listened to her, you would have a real problem because it still hasn't come out. we will get netflix earnings after the bell tomorrow. what are you looking out for? >> this will be an interesting report from them. this is the first time we are not going to see any concrete subscriber guidance. they moved away from that. s for hem about the overall revenue numbers. the overall growth story is focusing on the financials. the two things we are looking for is their newest initiatives. one is the launch of their new advertising tear, that happened sometime late last year. we are still waiting to get some concrete numbers from them, in terms of how many members they have on those ad supported plans. the second one is a slightly newer initiative which is this crackdown on password sharing. they have so for -- so far introduc

we really like netflix as a company. great admiration for the management we're all users of the product and love it. and when that stock us with trading under $200, we thought it was at a bargain level. as it's gone from $200 to the low $300s, we've also seen some of the banks lose 30 to 40% in their market price and we think that was an overreaction to concerns about svb and the big banks, we think, really have very little in common with svb. so for us, this is just a very natural transition, because we tend to be anti-momentum investors, because we're looking for the best values. >> as you turn your attention -- you're obviously quite familiar with the financial space, but as you look there, is bigger better >> i think bigger has been better in financials for a long time the start of my career 40 years ago, there were about 14,000 banks in the united states that number now is down to about 4,000. the reason that happens is because large banks are much more efficient than small banks are. anytime you have a merger of eq