Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Shares of Netflix was down 1.3% Wednesday following a short rally after the company reported Q1 revenue, earnings and subscriber numbers that beat Wall Street expectations. The drop shaved about $2 billion from Netflix's market cap, which ended the day at $154.9 billion.
The stock initially took a slight dip of 1% after hours Tuesday after providing light guidance for the second quarter of 2019. While Netflix reported earnings per share of 76 cents compared to the 57 cents analysts expected, according to the Refinitiv consensus estimate, it said it only expects EPS of 55 cents in the second quarter compared to the 99 cents analysts had forecast.
Netflix also reported revenue of $4.52 billion compared to $4.50 expected, per Refinitiv. The company added 1.74 million domestic paid subscribers in the quarter compared to the 1.61 million expected, and 7.86 million internationally, compared to the 7.31 million forecast by FactSet.
"NFLX's first quarter earnings may be controversial to some — mostly because of the light second quarter [subscription] outlook — but we think there's much more to like here than not," J.P. Morgan analyst Doug Anmuth wrote in a note following the report. "We continue to believe that Disney+ will not be a major threat to NFLX subscriber numbers given NFLX's quality & quantity of content, & that Netflix/Disney+ will not be an either/or decision."
"We don't anticipate that these new entrants will materially affect our growth because the transition from linear to on demand entertainment is so massive and because of the differing nature of our content offerings," the company wrote.
During Netflix's live streamed earnings interview following the report, Chief Content Officer Ted Sarandos said the public will soon get more information about the company's viewership numbers.
"Over the next several months, we're going to be rolling out more specific granular reporting, first to our producers and then to our members and of course to the press over time," Sarandos said, adding that Netflix will "be more fully transparent about what people are watching on Netflix around the world."