i think reed hastings is like elon musk in his management time. don't know when it is going to happen, i don't know know for sure it is going to happen, but data shows over time, shareholder orientation, warren buffett called it owner orientation, ceos get they are the hired help, not masters of the universe, over the long you know outperform the big ego ceo who ride as rocket ship to the top and rocket ship blows up comes down when there are shareholder revolts. neil: jerry boyer, good seeing you again. >> thank you. my pleasure. neil: chairman of the federal reserve said something that some concerned that the pace of interest rate hikes, they could be picking up, after this. ♪ for our customers. it's how we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. [fbi agent] you're a brave m

content on net flick in north america is the pimple on the rear end of an elephant i don't think reed hastingss all that concerned with disney walk away. >> when disney content is not there, oh, i'm not going to -- people who subscribe to netflix are going to continue to do that at some point the pendulum is going to shift it's everybody needs their disney because of the espn, because the marvel, because the "star wars." and then they're going to say how good is that house of cards crap or whatever else they got going on there that's what i'm saying >> you're a turn >> netflix is not proven the hit factory that hbo that's one of the reasons that hbo is such a prized property in this over deal we're just surrounding the trade here. >> "options action"s friday. >> i like "house of cards. check out the full show 5:30 p.m. eastern time on friday. >>> coming up, tesla volatile after hours and elon musk is already taking to twitter to gloat about the results. the stock, though, is now down by 1%. we'll hear what he had to say on twitter after the break. i'm melissa lee. you're watching "fast money"

you have reed hastings on the list, right?ve reed hastings 'tis musk led a company that led to paypal. he is significant guy. >> looking past five years. i've been negative and wrong on netflix stock. we have to give credit to the ceo because they overdeliverred well beyond what people thought on subscriber growth. stuart: musk ain't on the list. thanks so much, jack. big hour coming up for you here on "varney & company." a lot of lessons we can take away from italy's economic crisis is. sebastian gorka joins us next. >>> roseanne, one tweet changed everything. a move that costs million of dollars. we'll be in full discussion mode. >>> president trump looked like he is in full campaign mode with five months to go until midterms. republicans running on his record. martha maccallum joins us. >>> getting tesla 35,000-dollar model 3 a pipe-dream? is it? chevy's answer to it, the bolt, got a longer range. can we mention that you can take one home today? you are watching the second hour of "varney & company." ♪ brighthouse financial

where babe ruth, how could you make more money than president hoover >> so one of the things where reed hastings than bob iger is that what you're telling me >> jeff bezos? >> right >> did you ever meet reit? >> if you met him on the street you would not know what he did >> regardless if i met him, what would you think about narcos i like narcos. i mean, the guy is just a guy. i mean, he does not walk around like a billionaire he's a guy. >> he's just a guy >> he's just a guy >> just a man. >> just a man. >> just a man. >> bohemian rhapsody >> i love him. every time i want a movie, a series, he's come up with it he's like spotify, every time i want one, it's like they know. they're in here. there are voices i think it was the last implant i had. >> i thought we had frank rich on yesterday, david and the hbo strategy remains we're not going to drown you in content. we're going to give you ten shows we think work, and you'll put value on that. >> and tell the producers on their hands whether they have a hit on their hands as opposed to netflix. >> we don't know who is watching and we don't know ho

reed hastings is on the board of facebook to me the great -- >> is that a conflict at some point?ideo programming is the day you see the announcement where he says he's no longer on the board. >> that could be facebook has been a free service, ad-supported service. you can see the nature of advertising change over time facebook has so much data. they've done a great job of changing the way advertisers think about advertising. i'm not sure in the next five years facebook will have a big subscription platform. i think they're interested in getting some viewing time spent going on the platform, probably monetizing that. but it's an interesting point. over the long-term, facebook will have more users, more time spent, look a good bit different than today >> good to have you on thank you. >> michael graham on the six-year anniversary of the facebook ipo. >>> paypal making its biggest acquisition buying a finnish startup. >>> later, it's infrastructure week in america. we will talk to richard trumka president of the afl-cio and elaine chao will also be with us. you're watching "squawk b

reed things and chief content officer ted serranos mr hastings was three fifty nine on the forbes four hundred list of the wealthiest americans for last year and made forbes twenty eighteen world's most powerful list in march mr obama former national security advisor and ambassador to the united nations susan rice joined the netflix board last month. politico the us based digital media outlet is moving into asia after expanding into europe the company announced today it would be partnering with south china morning post of the post is owned by billionaire jack ma who also founded the massive ali baba group as a result of the partnership asian readers will now have greater access the politicos mix of washington's conventional wisdom and insider tips lord help them unlike their expansion into europe political will hire no additional staff for their asian partnership for now politico and the south china post will share content politicos publisher says this is just the first step of a partnership that could yield greater investments. we have spoken about the energy use for crypto currency m

reed for five days. according to sources she's resting comfortably. her issue has not been released. it was for a benign condition. the president tweeted she was happy to be home, but in his hastemisstepped her name, melanie. >>> today scrutinies escorted by police back to school in santa fe abandoned when the gunman opened fire. the memory of the terror that unfolded still very fresh. police say 17-year-old dimitrios pagourtzis killed ten people, post of them students and injured another 13 before surrendering. families have expressed shock and confusion about what happened and so have the students. >> he was a weird kid sometimes, but we all loved him he was just another one of the guys. we don't want a shooting to be on our legacy. we want to show we are stronger than that, better than that. >> the weapons used in the crime are said to belong to pagourtzis's father. investigators continue to search for a motive for the massacre. >>> this shooting is bringing more attention to a student campaign called donate 60. crafted by a team of high school students across the country. a junior at bellerman college prep in san jose was part of the team that wrote that speech. goal so to