spencer newman has experience with finance. he worked at disney before that.ave to create more original programs moving forward because all the studios in hollywood are pulling their movies and tv series off netflix. netflix is facing something i have talked about before, they of be the al well of -- aol ott. new are well popularized a habit, going online, but they were not monetized. netflix has popularized streaming, but now that we know how to stream we know we can find all kinds of material in all kinds of places. this year, you have dizzy -- disney launching arrival. others are bulking up for more over-the-top subscription play. apple is coming up. if you think they have a tough -- waituarter, what is until you see 2019 and 2020. it will not get easier and that will get more expensive. big advantage has been their understanding of how their subscribers are using content. they are ai powered. artificial intelligence has allowed them to understand user behaviors and match them to content, and delight their subscribers. they seem to know always what you want

also netflix bringing on a new cfo, from activision blizzard, spencer newman. a company that will spend billions of dollars on new content. we will see a big drop of new shows this month. what challenges is this new cfo going to inherit? jon: winter is coming for netflix in terms of competition and a more expensive operation. they want spencer newman because he has experience with reduction finance. he worked at disney. they will have to be creating more original programs moving forward, because all of the studios in hollywood are pulling movies and tv series off of netflix eerie what netflix is facing -- off of netflix. what netflix is facing, they may be the aol of ogt. aol popularized a new consumer abit, going online, but they were not defensible. when people learned to go online, they found out what they wanted. netflix has popularized streaming, but now we know how to stream, we can find all kinds of material in all kinds of places. this year you have disney launching a rival, you have at&t bulking up, going to combine hbo and other warner media content f

will appoint spencer newman after his current employer said on new year's eve that it plans to fire him has been activations finance chief since may 2017. the company says newman is on paid leave in his employment will be ended for causes unrelated to the financial performance. that is your bloomberg business flash. manus: thank you very much. beenl's new president has sworn in. he comes to power promising to tackle rampant crime, corruption, and economic turmoil in a wave of nationalism that is sweeping the country. in front of us a unique opportunity to rebuild our country and to rescue the hope of our compatriots. i'm sure we will face huge challenges. we will achieve our goals. us is donna, good to see you this morning. i looked at some of the stats in the story, 75% of brazilians believe he is on the right track and the markets would seem to concur with that. there is a consensus building. >> when we surveyed about 30 investors a little over a month ago, most of them are actually positive about the assets. stock and bonds were at the top of the list for emerging markets. the right

spencer newman will be the new chief financial officer. he is on leave.nt cfo plans to shut down -- step down. a computer follow-up this week pay $75 for to first class business trips. that is your bloomberg business flash. alix: return to wall street beat. first up. mifid ii report card. one year since the regulatory haul. then david einhorn's really bad 2018. total your decline, 34%. the blackwater founder is launching a $500 million fund to invest in supplies that are needed in electric vehicles. david: joining us is jason kelly. remember mifid ii? alix: we have a whole program dedicated to this. david: what happened. jason: the drumbeat was so loud. it was going to be the best or worst thing in the world and it turns out to be, meh. metta they are buzzing about the fact that they are not buzzing. it is amazing. you think about the breakup of research and trading. some of it has happened. i am not sure it has changed lives. david: we are not learning much more about it. alix: is it one of those things where you're talking about y2k? midsize brokers bel

netflix is hiring activision's spencer newman as its cfo. he replaces david wells, who held the post for the past eight years and said in august he would be stepping down. coming up, tesla slashes the price of cars to make up for an expiring tax break as delivery slightly disappointed. what does elon musk have in store for 2019? if you like bloomberg news, check us out on the radio. listen on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: elon musk is starting the new year on a familiar note, one of uncertainty. tesla chairs -- shares plunged after the company announced it is cutting prices on all of its electric cars in the u.s. by $2000 after delivering fewer model three sedans than expected in the fourth quarter. the price reduction will partially make up for the u.s. tax credit that has been cut in half. gene munster joined us wednesday to discuss. >> the only reason it is not a huge miss, the big thing that copy block -- by surprise was the price cut. if there is off the hook demand, why are

netflix announcing it will --her spencer newman hire spencer newman, from blizzard entertainment.ash. anna, tom? tom: thank you so much. know, we are as good as our team, and they are not only brilliant, but sometimes the "surveillance" team will get lucky. they said tony crescenzi, you need to start our year. definitive on short-term paper. bring up a chart, if you would. i have never shown this chart before. i am only doing this because crescenzi showed up in the early year. one-year, two-year yield. you have the normality between the two-year and the one-year. tony crescenzi, let's start with the why of the short-term paper market. why is the one-year two-year yield inverted? tony: this is the crystal ball. we know the fed in december raise the policy rates to 2.5%. here the markets are saying they will go back to the low 2% at some point. a rate cut at the beginning part of next year. so we will not be roaring into the 20's like we did a hundred years ago. we could be stumbling into the 20's is what the market is saying. tom: everyone wants to know, when we talk commercial pap

netflix poaches a cfo from activision spenc spenc spencer newman from activision will start at netflixlosed reason number three oil prices today comes from amid oversupply concerns. right now wti down by about 55 cents to $44.86. >>> a few stocks on the move this morning alphabet's google unit has won approval for the radar based motion sensing device. granted a waiver at a higher power than currently aloud under fcc rules. in a new report on the cable industry, rates comcast and at&t as top picks in the sector firm said comcast is undervalued based on its free cash flow and it expects, quote, solid results from at&t. calls altice very compelling >>> let's talk markets and what we can expect in this new year joining us for the next hour is tom lee. managing partner at fundstrat global advisers. we've been talking about your latest call this morning don't know if your ears were burning, but you said what we're seeing now reminds you of a mid-life crisis for the markets. whap do you mean >> well, the bull markets tenure at this point it's natural to think we're going to have a bear marke

ned flicks has made it official they are hiring spencer newman.hey intended to fire him unrelated. netflix current c.f.o. said he plans to step down. shares of tesla are falling today. it is cutting prices on its electric cars by $2,000 after delivering fewer of the model three sedans and will make up for the u.s. tax credit that has been cut in half. that is your business watch update. scarlet: you want to read the tea leaves. here to provide intelligence. eric, when we look at flows, you have to look backwards because you don't get the most recent data. what do we know? >> you think wow everybody is bullish and buying these e.t.f.'s. it took in $105 billion. normally flows do move with performance and a lot of those are in equity e.t.f. scarlet: why? >> on the flip side, active mutual funds lost $400 billion in 2018. that will be a record amount. you can see the blue bar. that is a swing from active to passive, in a year where active as saying markets look volatile. i think when the markets are flat or low or down, that's when people become more

it is tipped to appoint spencer newman. activision'sen chief since may of 2017. is employment will be ended up for causes unrelated to activision's financial performance. rishaad: it could be sometime before the deal sam walsh sees outstanding bonus ease of by the minor. the funds are planned to be deferred as regulators investigate the $10.5 million payment made to a consultant on an iron ore project in guinea. he retired as ceo and said he acted lawfully and in accordance with his duties while at the company. yvonne: we're still waiting for the china pmi manufacturing data. it should be coming in any minute. was 49 pointay it four, non-pmi was 53.8. the 50 is the dividing line. between expansion and contraction. we are looking for a figure here reading 50.2 for manufacturing pmi. plus look how that stacks up -- let's look at how that stacks up against nonmanufacturing pmi. yvonne: that comes out two days later. we did see the services side of thing was actually quite strong, 32.8 was the official one we saw friday. here we go, 49.7 when it comes to chinese pmi

netflix has made it official, it is hiring spencer newman as its chief financial officer.ws the videogame fire newmaning to for reasons unrelated to the financial performance of the country -- the company. the current ceo said last year that he planned to step down. that is your business flash update. >> let's get a check on the markets, the dow index turning negative with 10 year yields lower, sor, yields much lower versus the dollar, with oil, it's been a wild ride off the earlier highs. definitely a rocky day, trending ther as we head towards close. from new york, this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. president trump says the partial gove

lauren: the episode can still be seen in other countries and this, netflix reportedly tapping cfo spencer newmannancial officer. still under contract but pud on paid leave for unnamed reason and will be fired according to company's latest security's filing, netflix has been sued for poaching executives who are still under contract. let's take a look at shares of netflix today. down market, they are lower but last year they were higher by 33% given back 2 and a quarter today, dagen. dagen: matt, netflix the most interesting company. >> yeah. well, you saw two reasons right there. they are remaining disruptor even while tech sector took it on the chin. netflix as you saw is soaring. we didn't talk about bird box, horror movie that got over 45 million people watching it. that's their numbers. they don't reveal everything about their numbers but if -- if those numbers are true or close to true, they really could start disrupt movie business like television. roma is best picture nominee probably. disney heavily engaged onsetting upstreaming service. at&t is going to get in this game more aggressively

meanwhile a new report that says netflix is expected to name former act a sris ceo spencer newman asew chief financial office a as early as this week. and now to politics,s there's already some buzz on who will be buying for the democratic nomination and well it really seems like the far left wing of the party is taking the spotlight joining us now herman cain with protrump america fighting backpack herman, the warrant, sanders certainly pulling party further left no doubt about that, right? >> pulling some of the party for the left. and with the warrant with announce she's going to go to that in midwest i have a message for all of these far left socialists who claim to be democrat. that dog ain't going to hunt people in the midwest do not buy socialism. they do not believe in more government and more taxes. they believe in less government and less tax as in their lives so let them run, run, run. it is not going to do any good. >> by same token that we do see we're young democrats plane democrats have romanticized socialism that they really believe this thing and that the the newest