where netflix is most insulated, netflix has three main advantages. this global pipeline.ve seen demand for global content increase. the story of squid game's should not be that netflix can create multiple hits on the fly. it should be they can create really strong local hits that might be able to find audiences outside of those territories and increase the revenue they had planned for that. >> we will have to wrap it up. so much meat to the bones you are bringing in terms of the proprietary data and analytics. we will get into it more later. that was a very wide-ranging conversation when it comes to all things netflix. julie alexander. coming up, a conversation with cathie wood. ♪ i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. take the first step to see if your small business qualifies. >> with tech earnings upon us, how much will we cai a driver of revenue? and what are the ri

will -- >> netflix investors is confident going in jason snipe is one good to see you. are you optimistic and how do stocks gain already leading up this day factor into your thinking >> yeah, so i think alex made a couple elf really great points of where the stock has been. it is up 62% year to date, but to your point that we're looking at ads this quarter. you know, 2 million subs which i think is really solid, and i think as we talk about the management team and what the market has rewarded netflix for this year has cracked down on the existing base, right so password sharing and expect to add 9 billion in revenue by 2025 the ad supported $770 million in revenue by the end of this year. the company has reward these two line anymore anymores and that's yet stock has moved so much this year do you sell on the news when the stock has run and even though it's great and people get sketish about extending valuations and the like? >> definitely. one of the things that as i'm looking at the stock it is up a lot already this year. option are implying a move of 8.5% you know, e

netflix.he company's password sharing crackdown is bearing fruit it gained 6 million subscribers in the period with net income beating estimates. it missed on the top line sending shares sharply down after hours. greg peters struck a positive note on the crackdown of passwords. >> we have done a good job, but we have the user considerations with netflix getting paid when we delivered entertainment to someone. we could invest that to make the service better for everyone. we launched that experience in almost all countries we operate in and it is working we are positive in revenue and subscribers relative to pre-launch in all of our regions. >> i'm happy to say richard carlton is joining me on the set. good morning, richard. >> good morning. >> i have to say similar to what i was discussing with arjun with tesla, i was surprised how adverse reaction netflix shares were after the results came out. it seems they did well on subscriber growth. strategy about cracking down on password sharing is pay

on netflix. they are positioned well.oes on for a long time, that is the strikes in the u.s., for sag-aftra and wga, it will hit everyone. at least in the near term they seem to be well-positioned from the global perspective. shery: how do you view where the password sharing crackdown goes from here? bob: they are going to continue it, he also announced their lowest -- they got rid of their lowest ad free offer. that will play into it. you will see a larger number of subscribers, they will all have to pay more, and you will see the advertising revenues grow. you put all that together, that is a good story. i think you will see them continue relatively aggressively. it has clearly worked. there was the question of how many people they will lose. they gained a huge amount. they feel confident they can take that amount apply it everywhere around the world, which will give them more sets of eyes. and that will for them. shery: will they survive another price hike? they have talked about it in a future. bob: think about it thi

just a quick follow on netflix and the valuation.all remember the stock did trade well above $600 a share not that long ago when earnings were lower is there anything right now in terms of the pace of growth at netflix or any of the initiatives that gave you pause going into this quarter's print or, again, was it just a raw valuation call >> yeah, it was much more of a raw valuation call from our perspective. we certainly were trying to factor in the benefit they could get from cracking down on password sharing and broadening out the ad tier. it was nothing more than valuation. we think it's an extremely well managed company and a terrific product. >> i noted your ownership of first citizen bank shares, which you like this is obviously the one that got all the attention when it bought svb and got a lot bigger. what is the thesis here? we saw that giant runup on that news, but now people are wondering what comes next as far as profitability and regulation for all these regionals. >> yeah, specifically to first citizens, we think it's

. >>> right now on "fast," netflix chilled with the stock dropping after hours. we'll go inside the numbers. plus, tesla posting record quarterly revenue, even though margins drop nearly 10%. shares stuck in neutral right now. >>> and later, ai coming to apple? shares spiking on reports they are working on their own version of chatgpt should investors worry when a single headline can send a stock to new record highs? >>> and a carvana comeback, pulling off a major debt deal on the back of a monster stock rebound. is this a rebound for real or a fresh coat of paint on an old ja jalopy karen finerman, dan nathan, and guy adami. we start with netflix shares under pressure the streaming service missing new estimates, giving sales guidance for q3 that was lower than expected. julia boorstin is here with all the details. julia? >> netflix shares down over 4% in after-hours trading the revenue miss comes despite it adding about triple the number of two subscribers as expected, about six million. the company also guiding to higher than expected subscriber additions in th

can you start with netflix? >> is there trouble with netflix so?hey increased scrubbers by 8% or 6 million things to the early stages of crackdown on password sharing an addict here. they increased free cash and international content. that helps them get through the hollywood strike. they raised price target to 525. stock is done, i think you have wall street responding to revenue of 8.19 million for the quarter. i am dismissing it, i thought it was a good report card. stuart: tesla. >> elon musk says he's okay with sacrificing margins meaning we can see more price cuts and production this quarter will be done modestly because of plan to upgrade, retooling plant. sensational, revenue of 24%. cyber truck demand, i will quote elon musk from the call. off the hook that you can't even see the hook and has newtek in it so he's very bullish. full self driving, $15000. they will license the out. they're talking to someone else could buy it, it didn't is close to ms another revenue stream. we got the tech, he wants it, pay for it. stuart: adam johnson righ

>> netflix, buying a call spread, selling a put. the actors strike i think stock goes higher next week, earnings. >> all right mike >> tesla, take the -- off. take the stock off. put in a call spread >>> that's going to do it. cnbc special "techcheck" with deidre bosa starts now. - [narrator] the following is a paid presentation for the premium mattress topper by do dormeo. one of the fastest growing sleep companies in the world. what's captured these people's attention. - whoa! - oh my god! - wow! - that's it. - wow! i'm impressed. - whoa! never would've thought. - never expected that. - it did, it feels like it's a brand new mattress. - yeah. - [narrator] it's not a new mattress that creating this reaction, they're lying on the same old mattress they've had for years. it's time for you to discover the premium mattress topper by dormeo. we believe, it's the world's most comfortable mattress topper.

netflix and tesla. netflix at the moment down by 6%. the outlook for revenue a little weaker.name is struggling. not struggling you today. year-to-date it is still up 62%. tesla chasing volume over profit. elon musk is not shying away from that. the name is down 2.9%. relative to a 130 5% move year-to-date on that name? here is another one. it is an airline, united. it is up 2.9%. united airlines liking what it sees for international travel. i think many people listening to that show right now, living it. tom: i have a relationship with united airlines. got kirby sent me a love note they are rapidly expanding across the pacific ocean. it is something out of the 1960's or 1970's. i can't remember all of the names. hong kong, tokyo. they are adding flights as part of what we see there, even with the travails at work that we see . jonathan: i know you like united. tom: i'm not a fan, it's just the choice i have. that is the choice. jonathan: you will go from manhattan? tom: it is better than o'hare, that's when i look at. jonathan: here is a quote. i'm skeptical this is the begin

and others are factors. >>> netflix and tesla, shares are higher with netflix up 60% and tesla up morehan 135%. we've got the setup for both stocks for you rocket capital research analyst is with us the investors are paying close attention to three story lines the rollout of the subscription tier and the password sharing crackdown is attributed to the growth and also the hollywood wrooters and actors strikes. what do you see is the biggest factor of the three we just named? >> my expectation for this quarter is just to break even in north american subscriber result what's important is what happened in the last quarter of netflix and what will happen in 2023 they've reached a mature point of reaching subscribers, and their pivot over the last year was extremely improved >> so is password sharing or at least the crackdown of it and more people have having to sign up, is that more long-term or regulated support? >> it will have its biggest contribution to subscriber growth in the income statement over the next year and probably peak in the next three months. advertising is a longer benefi

netflix has good subscriber numbers.e a forecast in the question of sustainability. elon musk's businessman who runs tesla with a fire and fist seems to relaxed by talking about how much money his company needs to spend to become the dominant fully self driving, car company in the world. he discussed how much safer a fully self driving car could be. he also had the possibility of a giant revenue stream that would eventually merge if he licensed his technology to other large auto companies. that's in the very distant future. in the present, wall street seems to care tesla is going to spend a fortune on something. i'm in the habit of watching fantastic companies with stocks that fall apart in reaction to what i call short-term hiccups. hiccups that make everybody feel like the best days of these company are behind them. that theory has led to some big wins including apple and maybe the greatest of all time of the trust, nvidia. both tend to follow the same exact pattern as tesla and netflix. right now, netflix and tesla ar

>> netflix, buying a call spread, selling a put.bout the actors strike i think stock goes higher next week, earnings. >> mike? >> tesla, take the -- off. put

we have seen massive rallies in netflix and other tech stocks. expectations were high and mild disappointment would be enough to get the stocks moving lower that is what we got. a good quarter they offered the one-two punch of crackingdown on password sharing and introducing an ad tier model as well that resulted in subscriber adds in the second quarter. 5.9million ads they are expecting more in subscriber ads in the third quarter as well. greg peters said the company has a big runway to get people off password sharing and convert them into paying users that will not happen overnight, but it will happen over the coming quarters with netflix expecting a revenue acceleration in the fourth quarter. it is something that will happen slowly they feel they have this coming. the issue is and why you saw the after hours trade dip is the costar revenue figure of $8.91 million. the runup-up in stock and any disappointment would drop the stock. frank frank. >> tesla shares down following the quarterly results and it seems to be about far ma-- about margins a

>> netflix, buying a call spread, selling a put. the actors strike i think stock goes higher next week, earnings. >> all right mike >> tesla, take the stock off put in a call spread >>> that's going to do it. cnbc special "techcheck" with deidre bosa starts now. >> this is a paid advertisement for csn. >> you know, i've been doing this a long time, to say -- to say it simply. i've sold silver eagles since they came out in 1986. so, that's kind of my history, '86 to 2023. and every year of the american silver eagle has kind of its own story, its own flow, its own everything. and at the beginning of 2023, it didn't seem like 2023 was going to be special.

overall, netflix seeing declining revenue.cts to see a boost in the second half of the year that stock is off by 6 1/3%. >> the business impacts of that product experience will roll in over several quarters. so it's not an overnight kind of thing because in part the interventions are applied gradually and in part because some borrowers won't immediately sign up for an account but will do so next month, three months, six months or maybe even longer down the line as we launch a title they're particularly interested in. >> according to the information netflix has recently told advertisers that 1.5 million people in the united states have chosen the option so far we'll talk more about this throughout the day i'm sure. >> when we come back, united airline ceo scott kirby will join "squawk box" exclusively to talk second quarter earnings right after this at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit

netflix is lower in the premarket.uarterly revenue coming in shy of what most analysts had been expecting. that, despite the company adding 5.9 million subscribers, was helped by that crackdown on password sharing, but jim, the key question here is, you added that many subs, why was your revenue essentially flat quarter over quarter >> that was the -- that was really the analysts were mostly focused on that. i think that -- and it's a legitimate question, because they do -- they should be making more money but they didn't really have growth in the americas what people missed on the call that i thought was really important was they said that a person who is ad tier is worth a great deal more than a person who is just regular. regular user, doesn't take the ads. which means that they can raise price, which would drive people to the ad. they had no money, really, they weren't able to get the ad revenue in this quarter, but if you look at year two of where they are, you're going to see that they are able to put the big pri

netflix as well.that sales forecast coming out that was sort of way analysts had been expecting. really overshadowing which was the better data that added nearly million subscribers, which is more than double what had been forecast for the latest . also telling us perhaps that crackdown on passport -- password sharing is having an impact. these are the big moves we are watching and after hours and setting the tone. heading into futures, we are setting up for some fairly mixed rating. see u.s. futures trading lower. even though the session on wall street overnight was fairly positive, we are setting up for another day of weaker trading. the other big watch point in this session will be the china market because we are seeing futures looking a little bit better. the hi to, it's that extra foul support that's coming through this time for a new sector and focus. haidi: china is going more support for the private sector. they will treat private firms the same. let's bring in our chief north asian correspond

it comes really from that one-two punch really from netflix. firstly, the password sharing and crackdown but then introducing support here there are interesting some stats. it's estimated around 100 million shared passwords and at least 50% could create their own accounts the ad board is attractive because it's cheaper, $6.99 a month. it's been two full quarters since they launched the ad so we'll hear a lot more about the uptake for that but also how much is it cannibalizing the subscribers to the higher price that's going to be a balance netflix is going to need to strike. >> how immune is netflix from the strike in hollywood it opportunity feel like it's going to end any time soon and now actors are involved. there are concerns it's going to impact netflix and other streaming giants to produce new con content. how are they expected to carry the cost of it at all. >> i think netflix appears to be more immune than others given the fact it's been ramping up its production capabilities in south korea and india and outside the u.s. while the stri

how did netflix respond to that? because i like the... it's, you know, it's very clearly netflix. it wasn't netflix, they'd be suing you i think you've said and that's true. the idents and everything are very netflix. well, it started out, it was like a generic sort of fictional streaming platform within it. and then as we were going along with it, we thought, what are we going to make this look like? 0h, let's... do we just ask if we could make it look like netflix? and they said yes, weirdly quickly. again, it wasn't like, there wasn't any resistance. all publicity is good publicity. well, there you go. so, but there's this sort of darkly amusing stuff hopefully in there about... there's, again without like spoiling what the storyline is, this stuff about why. .. ..why, how... i'm trying to work out how to say this in a way that doesn't spoil the story at all and failing, but there's stuff to do with sort of ai generated deepfakey show that's sort of targeted towards specific individuals and there's something about it driving engagement. but it wasn't specific, it's largely a so

netflix second >>> up next, dimming the lights.es are falling today after the company announced price cuts on the electric f-150 pickup details behind that story. what it might mean for the big e.v. players, we'ldohal tt when we take you inside the "market zone." new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise ac

goldman sachs ditching its sell rating on netflix. this after the stock has rallied close to 130% since goldman made that call. the next move for all the streamers straight ahead. >>> and later, a buzz kill on coinbase and meta's new social media brawl with elon musk and twitter. i'm melissa lee, this is "fast money," we're live at the nasdaq market site. we start off with what might be a major warning sign for the markets the yield on the ten-year treasury touching its highest level since the collapse of silicon valley bank rates just a few basis points shy of 4%. the two-year getting within a stone's throw of 5%. the yield had fallen below 3.6% in late march. does a steady climb higher threaten the market's recent run? and will it put a cap on how much higher the s&p 500 can go in the second half tim, what do you think >> if you are measuring stocks and you have a discount rate, that's mechanical. higher rates mean lower equity prices that's just what analysts do if you think about a world where we have a trillion dollars -- if you

we see the strike and netflix will be the winner you afford netflix that premium and that ends there or is there a continual as more time goes on, the more likely someone might turn off of another subscription and turn onto netflix and is an actual beneficiary. >> i think all of that is true. as supportive and password sharing are not over. i think there is still room to go there. the strike benefits them. also, going into the strike, they had a gigantic lead of subscribers. moore, they had a balance sheet that can withstand and grow. they are in a very different position. i am long and stuck. i would consider selling upside calls. i do not once before and had to buy them back higher. it is hard to get around the multiple. i do believe in the story. that has happened in other stocks, apple as well. >> you have explained that to me. >> it is hypocritical of me. i do think they will win. consolidation in the industry and i do think they will be a beneficiary of that. >> this underscores the divide between netflix and the others in terms of the pressures. we're just augmenting the other

netflix results are after the bell.rg will be looking to see how their recent crackdown on password sharing is going and how the hollywood strike and actors strike are affecting the business. matt: joining us for a closer look is bloomberg's simone foxman. she has been looking all over netflix for us. it is about the crackdown on password sharing. simone: of course, we will be looking for commentary about the actors strike. it is really a simple discussion. it is about growing the subscriber base and charging them as much money as you can without getting them to stop subscribing to netflix. expectations in terms of ads on a subscriber bases are some like 2 million. there is a sense generally that netflix has turned it around and found a way to keep subscribers coming. we also got news earlier about an ad plan. an elimination of the cheapest ad plan that was 999 -- was nine marseille nine cents and was ad free but hat -- $9.99. so either you pay for good stuff at $15.50 where you play -- pay for the ads. amber: how shoul

netflix is higher, disney lower. netflix, even in the environment with hollywood with writers and actors both striking, this stock has been able to brush that off. if this thing goes on for months and months maybe we'll see an impact here. but you talked about the divergence between the two names. >> i just tried to make a single point of emphasis that money will be treated better in the near term with netflix than it will with disney there's so much that's needed to turn around disney and we know that from david faber's excellent interview last week. i felt like bob iger was really acknowledging the problems it seemed to me like he was guiding to what looks like is going to be a poor quarter coming up. he acknowledged the challenges and there's just a more simple story in effect with netflix where you have the free cash flow generation growth where you have the ad supported subscriber growth. where you have the restoration of more quality content. why not acknowledge that in the near term and realize your money is g

netflix is recent crackdown _ becomes. netflix is recent crackdown on _ becomes.. netflix is recent - crackdown on password sharing is also helping. they notify people using an account outside the household now have two pay a fee. the video stream also confirmed it is scrapping its basic plan in the us and uk, hoping it's like the new com never have i ever will hope drive able to its cheaper advertisement driven service or its expensive ad free models. the initial drop in the share price reflected fears investors have about its nascent ad business. the strong results come at a time when hollywood has been upended by the writers and actors strike, which had been partly blamed on the economics of streaming. it also comes as legacy players from disney to nbc universal are still struggling to make their streaming services profitable. michelle fleury there. let's go to los angeles and speak to jason gold, chief executive of the investor relations agency resurge. can you hear me all right? i certainly can, guess. just i can you hear me all right? i j certainly can, gues

netflix, and s.a.p. dragging down near 7% still on major averages since early 2022 takes to us our talk of the take rally itself why saying staying power joining me sitting here at the stock exchange welcome back been a minute since before covid, you said, since you've been in the building. >> yes. >> good to have you here in-person. >> yes, sir, indeed. >> why does it have staying power? >> not having a recession. we've had sort of a rolling recession hitting different industries at different times. talked tab before. i think it's going to roll into the commercial real estate market, but i don't think it's going to take the economy down meanwhile, consumers, starting to see wages going up in real terms. inflation adjustment see how the strikes pan out. all in all, real wages quite good for the onsumer. >> talk about evaluation. >> sure. >> tell me why the valuation now in the s&p, historical average makes sense? >> well, historical average is 15 right? just about every measure of macro. >> where are we?

netflix, ted saran us is a great guy. they need to break it off, to not be caught part of the rest of the producing group and make deal with the union. there is the criteria, and take a number, there can be some actual profit sharing. you can raise up enough salaries so people have a chance. that is what we are talking about. liz: and instagram post by the actor -- dawson's creek said losing the strike could mark the end of the acting profession. will it end to that? >> i don't think -- we are talking about the end of the ability to make a decent living at it. we turn it into a bunch of hobbyists. your core group of actors, they make it through residuals. they decided and leveraged it in a way. the residuals pre-1998, and suspiciously taken off. you can't keep trading away, but taking care of members. this is the most famous union in the world, it is possible, what they have done, the writers, other leg, if you take away one of the legs, and destroy their ability and continue to make a living. the producers know that. >>

just last week, los gatos based netflix was the target of sag picketers. tech reporter ian sher says ai technology has vastly improved in the last few years and many companies, including netflix, are testing how best to use it. companies saying, look, i'm just going to fire the people who i used to pay a lot of money to write something and instead i'll have the computer do it. and you might think that's ridiculous, but it's actually already started to happen, which is part of why you keep hearing this debate coming up. producers say that they have offered to double minimum pay and that they will get actors permission before duplicating their images. but sag says they still only offer to pay for only one day of ai work and they won't receive compensation for future use. lamonica peters, ktvu fox two news. so santa cruz sea otter that's been aggressive with surfers is now reportedly being targeted by spectators and biologists are telling people to stay away. also head tonight pga doubles down on a plan to bury tens of thousands of power lines. why the utilit

now we go on to real america. >> can we go on to netflix? let's talk about netflix. write down the password sharing. we have been led to believe that they will be up off the back of this. we will see what the number looks like. a lot of people believe that is discounted in the stock. the names of buy something like 60% your today. we have strikes with the catalog over a netflix. how can they retain their audience, the eyeballs for the next 12 months if this continues? there are some analysts who believe that this network, network -- netflix, his best positioned to handle this. >> a log charted on the rebound of the pandemic on the recovery as mentioned, a password with a more persistent cash flow, but maybe they are closest to getting back on trend of all of the beleaguered media business. >> they are making money. >> they are making money. the challenges for the people who got into this business, thinking to see plus, thinking earnings, chasing subscriptions. can they do the same thing? they've been cutting back other names, so it looks like netflix is on top, and i

netflix will be reporting earnings. bloomberg's entertainment correspondent chris palmeri is standing by in los angeles. we are expecting subscriptions to pick up. it is about the password crackdown. chris: the industry is looking at a 2 million subscriber addition. that is bigger than last quarter, not as big as the blowout we saw in 2022 but much better than the losses at the start of last year. there is a feeling netflix has figured this out with the cheaper ad here in the crackdown on passwords. caroline: i am still trying to understand whether a strike among actors and writers is going to be difficult for netflix? is it a boon? we know how much netflix has in terms of content. chris: the street thinks they will weather this strike. the company line has been they have this content pipeline, it is all set, they will go through the end of the year. we will be looking for any updates on the call to see if they are positioned -- if the position on that has changed. you can make the case people will spend more time watch

netflix. the content for disney is not there. i understand and i respect the viewpoint valuation wise that they have, but i look in the near term and say is there a fair alternative where i can keep my money in the interim it's netflix all day >> the only comeback i can think of is, that's great, it's already in the stock and that's why netflix is up over 100 and 50% to date. why wouldn't it be disney if you are looking for value given all of the hair on the stock and the story being known? >> how about you are 100% correct. from a value perspective, looking longer term and looking through the lens that somebody like jenny would look at, but that's not the lens i am looking at i think netflix is better, certainly over the nix three to six months >> netflix should have a great quarter because of the strikes and they will not have spent so much on content, and the revenues will be fine, and you will see the earnings be better than expected because of the lack of content. their competition -- netflix's competition, we have heard abo

the nasdaq is down this morning because of tesla and netflix earnings.ice cuts, netflix reported a revenue miss despite adding subscribers. tesla and netflix down this morning as you can see and that is the pressure largely on the nasdaq. joining us is harris financial group managing partner, jamie cox, kathy entwhistle. and here all morning is mark tepper. jamie, your reaction to the earnings season so far, how would assess things? >> i think it's going better than i expected. if you thought about what we with were thinking about last year, there was going to be a major profits recession. that hasn't materialized which is good. looks like inflation is coming down and hopefully next week wwe're going to see the fed remain on pause and with the

netflix it is about disappointing revenue.have more subscribers but when will it convert into higher sales for the company? it is not a higher move for the stock down 8.4%. tesla down 6.4%. the concern is margins they are. and the two year yield of 10 basis points. we are at 487 -- 4.87 on the two year yield. and then coming up we turn to lack stone we have an interview with john gray coming up next. this is bloomberg. ♪ with personalized insights from 23andme. kailey: we are an hour into the u.s. trading session. abigail doolittle is tracking the news. it does not look good or this morning. abigail: across-the-board we have weakness. it feels like the worst down day in quite a few days now that we had a melt up recently. the s&p 500 outperforming but down .4%. nasdaq 100 down more than 1% and the nyse fang going back to the lows from a month ago. the two year yield is backing up three days in a row up 13 basis point at 4.87. this makes valuations look tighter on growth stocks in particular big tech. but we know it has to do w

which was ai, tesla, netflix, faang today was not working.nd i wouldn't be surprised if that is as you said more than a one-day phenomenon that we see a rotation into something else >> carter, can you make sense if tesla moves in charts? it's seemingly all over the place. >> but so many stocks are. what about meta? 315. >> good point. >> or g.e. tripling off its low. what we do know, and it speaks to what you heard, a first drop in gap in very heavy volume, it's tempting to say hey, i missed this. i shouldn't buy some tesla it's hugely wrong. and some people believe in a three-day rule forget all that let the dust settle. >> the deflation comments for sure tesla accounted for nearly 10% of all options trading today let's bring in mike khouw because he is going to break down the huge day of action. what happened here, mike >> tesla is usually the busiest single stock option, but nearly doubled its volume today that meant that it represents a close to 10% of all options volume, more than 15% involve single stock options volume. calls did outpac

this is really a clever move by netflix. long term, it loose their revenue right 15% to 20%. guy: it will be fascinating. is this going to spur on the idea of consolidation? coming up, we will be talking to the ww ceo, joining caroline hyde and ed ludlow. that conversation is a knack. -- is next. this is bloomberg. ♪ is it possible to protect my business from cyber threats? it is, with comcast business. helping every connected device stay protected. yours. your employees'. even... susan? -hers, too. safe. secure. and powered by the next generation 10g network. with comcast business, advanced security isn't just possible. it's happening. get started with fast speeds and advanced security for $39 a month for 12 months with no annual contract. plus ask how to get up to a $500 prepaid card with a qualifying gig bundle. >> where innovation, money, and power applied, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde at bloomberg world headquarters in new york. this is bloomberg technology.

let's talk about tech and earnings, netflix shares slumped nearly 8%.lowing 3q revenue that fell short of expectations, that crackdown on password sharing and the advertising tier are not delivering the results the analysts want. thank you for waking up early and coming into the studio for us. investors seem disappointed by these earnings. is it all about the outlook? >> they were disappointed. overnight shares have bounced back a little bit. netflix is up 60% year to date so far, so it was a small fall on that. what we have seen in the result is that netflix has added 6 million new subscribers come away more than people expected. they were expecting 2 million. that has to do with the password protection. they identify when someone is sharing a password with another household, and strongly encouraging subscribers to pay a small additional fee to allow the other household to use their account, or push the other household to pay for a new account. they have introduced a cheaper and supported tier -- ad supported tier, but they missed revenue projections.

netflix plus tesla plus i guess now s.a.p. equals about a 1.5% drop for the nas >> you put it together and even the pullbacks are not that satisfying for bears, if you've been skeptical of the market, think it's run too far, on the surface it was 2 to 1 down and now it's inching higher. we're going to get to a point and use up the fuel for a bit. maybe it's the first little warning that expectations in terms of the big growth stocks have gotten ahead of themselves. tesla and netflix, it's hard to say there's been a change in the overall perception it works until it doesn't. >> apple is negative now but you are seeing the other cyclical areas as the dow is up 265 continue that story of performing well and taking the sting out. >> it's rotating as opposed to having across-the-board selling. it seems it's okay it's getting stretched and it has not shown a lot of aggressive selling >>> straight aadhe, amy is making moves in her portfolio. >>> welcome back i mentioned amy making a bunch of moves cvs, you bought more >> i bought mor

netflix is down 8% ibm. lot of names reported this week are met with adverse market reaction big week ahead coming up for the tech earnings with the likes of meta and alphabet reporting. we have yet to see if that tech momentum continues cac 40 is up .10%. we have been watching telhales. we will speak to the ceo today a drag on the french index the ftse 100 is slightly in the green this morning up 4 points. on the macro side, retail sales data for june come in stronger than expectations. politically, as we have been speaking about, we looked at the results of the elections which handed a bit of a defeat to the conservative party losing two of three seats up for grabs you can see in switzerland, up 2 points again, earnings coming thick and fast there the ftse mib is up .80%. this is the picture on the foreign exchange the pound continues to slip. off 130. that is where we were a couple trading sessions before the cpi data came out. now down 15 basis points do dollar/yen through 140 moving 1.2% against the yen

so i'm so hopeful that as we hear tesla and netflix that the share prices are in line right with the perception that's developed and they don't tank. it could get ugly. fomo cuts both ways. it can drive something up really fast and it can tank something we're kind of on the knife's edge right now valuations are pretty rich so i'm more nervous. >> the current implied stock moves via options pricing for netflix is plus or minus 8.5% and for tesla it's plus or minus 6.8. it's going to be exciting watching results and moves that seem dramatic. one of our committee members calls a sleeping giant we'll run through a few catalysts that could wake one legacy tech stock up e ckn owns it. we'rba o"the half" in two. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing ca

just last week, los gatos based netflix was the target of sag picketers. tech reporter ian sher says ai technology has vastly improved in the last few years and many companies, including netflix, are testing how best to use it. companies are saying, look, i'm just going to fire the people who i used to pay a lot of money to write something and instead i'll have the computer do it. and you might think, that's ridiculous, but it's actually already started to happen, which is part of why you keep hearing this debate coming up. now, producers say that they have offered to double minimum pay and to get actors permission before they duplicate their images. but sag says that they were offered pay for only one day of ai work and they won't get paid for any future use. julie lamonica peters reporting live tonight in los gatos. lamonica thank you. ups reached a deal with the teamsters union today, likely preventing a strike that would have caused a disruption in the supply chain. the teamsters represent 340,000 workers. they say the agreement is historic and overwhe

tesla and netflix report quarterly earnings.e delve into the financial performance of two major names in the us tech sector. and it's one of the most anticipated movies this year. how much is barbie worth to toymaker mattel? we'll hear from its chief executive. hello and welcome to asia business report. i'm monica miller. we begin with netflix because the streaming giant's shares have dropped more than 8% after the bell. the company mostly beat wall street earnings forecasts for the second quarter, but disappointed on revenue. that's despite new initiatives like a crackdown on password sharing and the launch of an ad—supported subscription tier. mike proulx is forrester�*s research director and he noted that those moves helped netflix add an impressive number of new customers. six million new ads is an incredible number and it is in large part due to the crackdown on password sharing. so the launch of the programme is absolutely a success and why they're going to lunch it in additional countries. can you tell us about looking fo

today >> well, netflix, not a big position netflix, if you look next year it gets cheaper. what they put in, with the password sharing, ending that, that's a positive for the company. and you are not seeing disney spending as much on content, or amazon, and it's not the uber and lyft story, it's not that black and white but it's getting that black and white when netflix sales off you have to buy it. at this level, i will not tell you it's compellingly cheap. it's not this year next year it gets cheaper. i think the growth is there. it's pretty much trying to figure out where can i go that is already reported? some of the other stocks where they reported, it was good, like united health. that stock has been in immediate youric meta traded up 10% or more on threads and expectations have come back in line with meta. i think there's opportunity there. >> all kidding aside, i like the approach netflix is a great example of the technology names and the consumer discretionary names represented on the nasdaq that is so technically over extended. netflix is pulling back to four and

of nig netflix series black)isode “la others it is the stuff of nig netflix series black mirroreffrerffamastrated the hilarious but also terrifying consequences of signing your image rights away. from a legal perspective, it is an absolute minefield. brute from a legal perspective, it is an absolute minefield. we are in uncharted _ an absolute minefield. we are in uncharted territory, - an absolute minefield. we are in uncharted territory, when i an absolute minefield. we are in uncharted territory, when it comes to ai and deep fake technology, that is for sure. the existing laws do not provide a robust and apt regulatory framework in order to guard against all the issues that can arise. 50 to guard against all the issues that can arise.— that can arise. so what does the talent — that can arise. so what does the talent make _ that can arise. so what does the talent make of- that can arise. so what does the talent make of all- that can arise. so what does the talent make of all this? | that can arise. so what does| the talent make of all this? i can understand the concern, but the thing — c

the problem is, we are ten years behind netflix on streaming, so netflix now finally as a business thatey. but comcast and disney and paramount are now stuck in a model that still doesn't make any money, and that's where we are today. >> so when we are seeing these companies are being greedy, they won't pay their actors, they will pay the rioters a living wage, the actors and writers have a good argument to make. nothing was adjusted when we went to a streaming world and they are not being paid fairly how they used to be. >> that's the other side of this coin. the media companies are saying look, we're not making any money on streaming, actually. you need to be aware of the realities of the situation you're in. but the rioters and the actors are saying, we are getting paid on the old model. we haven't had a new contract here that makes up to the fact that all of these people now are watching on streaming. so we want to get paid in a way where we can somehow figure out, if all these people are watching my show on streaming, i get paid the requisite amount for that. and right now that sys

tesla and netflix report quarterly earnings. two major names in the us tech sector.e'll hear from its chief executive. hello and welcome to asia business report. we begin with netflix because the streaming giant's shares have dropped more than 8% after the bell. mike proulx is forrester�*s research director and he noted of new customers. six millino new ads is an incredible number and it is in large part due to the crackdown on password sharing. so the launch of the programme is absolutely a success and why they're going to lunch it in additional countries of. can you tell us about looking forward? because there is a massive strike that is going on in i know these numbers don't reject this, but what do you project if they don't have any production in the pipeline? netflix, and the same cannot be said for its competition, because of the fact that the company has such a large international footprint. this will provide an element of air cover to keep it fresh with new programmes, new shows, new movies while things play out in hollywood. vehicle maker has also just relea

i was in netflix i played the bounce. sold too early the story of my life i think the stock has room to the upside >> you didn't feel like hanging around anymore waiting for disney, did you, steph >> that had to do with hulu, it sounds like they want to go after the remaining piece they don't own. i don't think they should. there are other things they have to fix and they talked about cost cutting and cutting content costs. the hulu and the content cost and i think it can get fixed and i think parks can get fixed. i think there are way other investments i would rather own >> are they going to sells abc and linear tv to fund buying the third they don't own >> it's possible. >> who is the buyer for abc? in real life, who is the buyer nobody >> it would be private equity. >> not another media company i don't know how you do that deal >> i don't know and i don't want to wait two years to find out. >> we'll take a break because straight ahead messi mania in miami. world cup champs, big debut. jorge mas is the manager of inter

kelly mentioned the netflix and tesla trade.daq, down 218 points. 14,139 on the other end of the spectrum, some value oriented names, up three quarters of 1% the dow, 261 points to the upside, 35,323 that broader market view of the s&p 500, pulling back a little bit here 4547 is your last trade, down 18 points it hs been a down day overall. the highs of the session, we were down one in the s&p so tilting towards the lower end of that trading range. another place besides netflix and tesla seeing some downside is weakness in the red hot secteconductor industry. -- semikconductor industry it's pulled down from a record high the catalyst today was a better than expected earnings report from taiwan semiconductor, the biggest maker out there. but it's the current quarter that came in lighter than expectations that's dragging many of those stocks down. way big upside moves over the last year or so, keep that in mind for the semiconductor stocks if you are looking at stocks of the day so far, check out some of the nmovingies we are seei

and some key names about to report, netflix, tesla among others netflix shares lower right now we hightly. shares down 1% today after jpmorgan downgraded the stock to underweight, calling their outperformance overblown, saying they de-coupled from fundamentals after a 250% rally since january 1. we talk with an analyst last month, saying the ev sector could reach 45 million users jpmorgan saying they're speaking with institutional investors and sense skepticism about the timing and size of commercial opportunities. if you want more on that, go to cnbc.com now to tyler >>> the pentagon announcing just minutes ago a new round of aid to ukraine additional ukrainian assistance, totalling $1.3 billion testifying on the hunter biden investigation, both critical of attorney general merrick garland and the u.s. attorney david weiss who oversaw the case, criticizing them for gross mismanagement throughout the investigation and abuse of authority with doj tax and the delaware u.s. attorney's office. >>> and live nation says travis scott's concert at the pyramids of geiza has not been canceled. t

a horrendous trade, momentum has died that's when you buy netflix. did i buy too early?ould it get under $400 possibly >> i will always think of "the tiger king." >>> still ahead, we are setting you up for the other big earnings on deck here this is how the committee is positioned. wel tou i'lgohrght. ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of home ownership a reality... ♪ ♪ ...writing new rules and redefining the game... ...and driving the world forward to a greener energy future. (applause) ♪ ♪ opportunity is setting a goal... ...and charting a course to get there. sometimes the only thing standing between you and opportunity... ...is someone who can make the connection. at ice, we connect people to opportunity. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinit