that's the win for netflix that the content companies are bringing their scripts to netflix. they've been in this position for a year and seems like it's getting stronger >> mark, great analysis, fascinating, very layered story coming out of the quarter. appreciate it as always. mark mahaney. >> thank you, carl. >>> guys, that ties in to today's crowd source the disappointing netflix numbers got us thinking, what can or should netflix do to boost growth once again? tweet us your ideas and added a qr code on the bottom left of your screen which goes right to our twitter page, some discussion of video games on the call last night. what else do you think that netflix could do additional revenue streams perhaps? we will show the best responses at the end of today's show jon? >> speaking of additional revenue streams another big tech story today, the implications of apple's product announcements at its spring-loaded event. we got a lot of updates, ipad pros with m-1 processes, imax with new designs in a range of colors and air tags, trackable buttons to help you find stuff you los

not really, ithink many expected _ netflix? not really, ithink many expected netflix - netflix? not really, ithink many expected netflix noti netflix? not really, i think. many expected netflix not to add that many subscribers in the first quarter mainly because they added so many during the course of the prior year. we often call covertly great excelerator, in results, the netflix calls it the way forward. so they weren't expecting to reach subscribers at the levels until 2022, quite an enviable position for the platform to be in and the market has taken stock of that. what netflix needs to do this year is instead shift focus towards how they can retain the users that they engaged over the course of the pandemic and also potentially how they can get some more value out of it. isn't itjust about get some more value out of it. isn't it just about the content and if that is the case and they are having to spend less on content, will that be a problem going forward? quite ossibl . problem going forward? quite possibly- they _ problem going forward? quite possibly. they do _ problem

netflix -- netflix shares plummeting after subscriber numbers fell well short of estimates. guidance for the current quarter, even weaker people are leaving the house again. we'll go through the numbers >>> apple rolling out a slate of new products and upgrade level, full recap and reaction from the investor straight ahead. >>> and thanks, but no thanks, leon cooperman rejecting an offer by senator elizabeth warren to testify about taxes. he called her invitation self-serving and disingenuous, it's wednesday, april 21st, 2021 "squawk box" begins right now. ♪ ♪ wanna give me the run around in a sure fire way ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. i guess we're playing "run around" for lee cooperman and warelizabeth warren let's check out equities things relatively flat yesterday, the dow was down by 250 points the decline of 0.75% s&p was down too, 0.7% and then you have the nasdaq down 0.9 of a percent. remember, nasdaq, the day before, down 1%. this is a rare pullback for stocks

this is netflix's sole business. they just did adeal with sony that gives access -- i'm sorry, sony ip, and they're really focused on continuing their production of original content across the world. >> right and we had a big debate yesterday, you know, you and me, about what to expect going into the number you were not negative going into the print. like you say now, you were expecting this sort of thing but you weren't looking for as big of a sub miss as they had. there's no way given what you said to us yesterday i don't imagine that you were looking for as much of a pull forward, because part of the conversation that we had yesterday was on what the impact of the post pandemic is going to be on netflix's ability to continue to grow its subscribers. the other issue of what you just said is that they're spending less on content. they're spending a ton on content. they're going to spend $17 billion on original content this year they're going to say -- they're going to spend, say analysts, $26 billion on content by 2

speaking of netflix, let's turn to microsoft morgan stanley is calling it the netflix of gaming. they are drilling down on their $14 million gaming business given that it's in talks to get discord. the content, community and cloud would allow people to game wherever they want whenever they want shares continue to climb higher after winning what could be a $22 billion to deliver ar devices to the u.s. army that happened yesterday. in this particular example, mo molly, is it good to be the netflix of gaming? >> in this case i think it's great to be the netflix of gaming, especially since discord is free to use for most people the challenge for microsoft, look, this is a great move if they end up buying discord yes, there are gamers that are horrified by being part of the big machine. but microsoft succeeded in leaving minecraft alone. they would instantly acquire a great big community. as long as they can figure out how to let discord be discord and also talk to xbox, they're definitely in the good part of the netflix space. >> not too long ago, rob eert, l the big companies were i

wearing off shares in netflix of. shorts of its 1st quarter target for new subscribers we'll delve into why with our correspondents in new york. after most of the elite european football clubs involved pulled out. of money played in the fiasco. and the e.u. has agreed to new climate goes just ahead of a summit with u.s. president joe biden a meeting that will be playing. this is the business. welcome to the program. netflix have taken a battering since the streaming john reported that it missed its subscriber growth target for the 1st quarter of 2021 by a big margin netflix added 4000000 new subscribers from january to march less than 2 thirds the projected figure it's just a quarter of what it out at the same time last year with when customers were gearing up for prolonged lock downs the company has however seen a huge 24 percent leap in revenue year on year. costs have been kept unusually low recently because of pandemic related production delays. let's discuss this further with out wall street correspondent. why di

here's two-year chart of netflix. no judgments by me look at the next chart i tried to point out the move from the lows of 2019 to the summer high of 2020 now netflix was up 128% in that period the s&p went up 40. so you're talking about a three-fold increase over the s&p. so the question is, this sideways periods sits, is that an acceptable thing. is just the pause that refreshes, or is somewhat stalling take a look at two ways to draw the lines. next chart so there's the sideways action again, the ascent off the low, a three-fold increase over the s&p. up 128 versus 42 now this tight-range bound trading. it really represents multiple expression the stock got ahead of itself and it keeps performing and performing, buying back shares, beating its numbers, maybe the margins are growing, at some point it's getting so cheap that in principle it has break out potential. final chart. an ascending triangle. so the relative performance is very poor. to be unchanged in eight months. nine months. when the russell 2000 is up 45

in a nutshell how does netflix innovate? erin: it is actually quite simple even though it is the opposite of what most companies are doing. what they do is try to hire only the best people and then they give them huge amounts of freedom, by giving no rules, no procedures, no processes. and the idea is then that freedom breeds this incredible innovation. so at most companies i've seen, they are treating their employees like children. if you want to buy a computer or go on vacation or start a new initiative you have staffed -- you have to ask permission. freedom, they treat theirf this employees like adult. that's what really gets this kind of speed and innovation going >> but, before you can release controls like not have to do expenses forms and not have to apply for vacation, you first have to get the very best people. the key is actually talent density. >> that is the word they use. talent density. they have their buzzwords. it basically means instead of hiring 100 medium employees and playing them a medium -- and paying t

to bitcoin, makes some logic, that plus the fact treasury yields have been tame and -- real yield on netflix today on the back of disappointing earnings dropping more than 7% for its worse day since november netflix is one the first major stay at home high growth names to report. did netflix just shoot off a major warning flare to invest y50rs that we're in for rocky earnings ahead, dan, what do you igv and long sort of i don't know if they're old school tech now alphabet, microsoft,. >> how idiosyncratic do you think netflix is, tim? to when reid hastings said we had ten years of smooth and silk and now looks wobbly how specific is that to netflix versus high-growth stay at home names 234 -- in general. >> i will weigh in on netflix came into this as a high-multiple stock. it came into covid with a great chart. it wasn't that this was suddenly a stay at home stock it was re-rating around precash flow to maybe pay down some of that debt and break free on some of that heavy cap ex i think the story that la reeve hal hasting, he's welcome the competition around this. it used to be the fall of

the netflix trade really was like an episode of blake mirror. we have some serious reflection to do. >>> plus, calling all "options action" fans, reach into your pocket, grab your phone and tweet us your ques question @optionsaction. if it's nice we'll put it on air when "options action" returns. "options action" is sponsored by think or swim by td ameritrade ♪ ♪ ♪ ♪ ♪ >>> welcome back to options action last week we risked less on netflix but didn't exactly make more. >> the relative performance is relatively poor to be unchanged in eight months, nine months when the russell 2000 is up 35, 40%, the s&p's up 20 is that the problem or is it simply because it was such a good performer preceding the period of rest that's my thinking last quarter it gapped up in a big way. we think it gaps up again. >> it's implying right now about a 7.5% move. that may not sound like much that is in line with the eight-quarter average. this is a very big company and a very high share price. 7.5% would represent a big move. i was looking at the july 560 cal

the key here netflix, i don't have netflix kids toothpaste in the upstairs bathroom, disney has an ability to take his property and spread over businesses and merchandise and things like that, that the risks the decision and it comes in investing in shows and gives the company an advantage and i think that explains a lot of what's going on with the stock price there's a lot of investors essay there is a netflix like business inside a busy and it might be better and bigger than the netflix outside of disney. jack: all the levers disney has to pull to leverage are pretty impressive but at current valuations i still start to worry is all this good news baked in and you could pick a 10x multiple on revenues, can we get into nosebleed territory them. >> you make a good point, there's always two issues, how are they going to do better than they just did. that's not as much of an issue now because they're bouncing back from a shut down and many say can the stock possibly get more popular. and as you just say we take the streaming business and not just a netflix multiple butter multiples like the

netflix -- netflix shares plummeting after subscriber numbers fell well short of estimates. guidance for the current quarter, even weaker people are leaving the house again. we'll go through the numbers >>> apple rolling out a slate of new products and upgrade level, full recap and reaction from the investor straight ahead. >>> and thanks, but no thanks, leon cooperman rejecting an offer by senator elizabeth warren to testify about taxes. he called her invitation self-serving and disingenuous, it's wednesday, ri

haidi: let's get to netflix. those shares tumbling after latest results show the evening of the lockdown taking a more severe toll than anticipated. was this the post lockdown boom starting to fade? >> that is exactly what it is. that is what the ceo said it was. these are consumers coming out of covid hibernation, but the case of content being king. go back to a year ago when the pandemic hit. netflix had a lot of original content in the pipeline. they were able to rule out new original series that brought -- that big sure you see on the chart is q1 of 2020, when the global lockdowns happened. fast-forward to today, it is a double whammy. we are returning to work and school, spending less time streaming online, at least i am in the office, but also there is less new shows drawing in new consumers because the production had shut down in covid. this is not just in north america. they mentioned india, where they invested heavily in native-language content for that market. they are not able to make any new shows. it

>> weren't you watching netflix before the pandemic, scott netflix and chill night, isn't that always appropriate? >> yeah, but now i want to get back -- i want to get out more than i ever did in my entire life, and so does everybody else i suspect. >> right but are you going to cancel your netflix subscription >> no, i'm not but how many new subscriptions are they going to get, that's the question you have to continue to grow the subs to continue to grow the stock, don't you >> no, no. i totally understand that, but the driver of netflix is original content while clearly there was a bump during the pandemic, i don't think it is going away at the end of the day i will want to watch, me and a lot of other people, will want to have a time where we will want to sit down and watch a movie really, it is netflix. i'm not turning on tv, live tv, right. hulu gives me something different. yes, disney plus is an option, but in most cases it is not an either/or option, it is you want both so while we're coming out of this pandemic, you know, stay-at-home situation, i do still think that people a

i see a potential surprise for netflix is the international segment. they have been testing mobile-only plans that are relatively cheap for the market that could surprise us to the upside utilizing options with limited risk is the way to play this in my opinion. >> as you know, since then netflix has, well, flopped as they say in many movies we live to fight another day. let's take a second stab carl, on twitter you acknowledged the wrong call you made but what do we do here? >> right so, the first thing about any trade and the word is trade, if you are there for a reason, technically for a break out, fundamentally an earnings result that would cause the break out and it doesn't happen, first loss, best loss, is one of the best market adages there is, which is to say, you walk away in terms of what happened to the pattern in the stock, conceptually, not much which is to say, let's look at two charts, it's simply fallen back to where it was three weeks ago. yes a lot has happened if you had the trade we were recommending but in terms of what netflix is

tom: netflix will be fascinating as well. the level on the dow, have a sip of tang, is 33,831 forget the vic's, 18.3. what do you see in the data -- is 33,831. the vix, 18.3. what do you see in the data? jonathan: i think europe gets more interesting now that the story has improved. dollar weakness turns into dollar strength. just as you get comfortable with dollar strength, the euro makes a move. it is brutal out there and ask for a change -- out there in foreign-exchange. tom: lee ferridge joins us now with state street, head of america's multi-asset strategy. right now i want to get to your affirmation of a 1.30% call -- a $1.30 call on euro. in germany, can europe withstand that strong of a euro? lee: it won't be easy, but what do they do about it? the bottom line is the fed is not moving rates anytime soon. what you have is a very steep curve in the u.s., and that means for euros and investors, for japanese investors, they can buy treasuries and hedge their fx. right now, eurozone investor can hedge their fx for three mo

. >>> plus, about netflix. now, we did include a warning. but, yeah, we triaged the trade at the very heart of our catchphrase. risk less to make more "options action" starts right now. >> as we mentioned, next week will be only the fifth time that the five largest stocks in the s&p 500 index report earnings in a single calendar week, microsoft, amazon, google, and facebook if you're trying to pick a horse in this race, you might be best off picking the turtle carter werth explains. carter >> sure. so it is a rare circumstance in the joint history of the top five stocks that are the largest right now, four other times they've all reported in the same week and interestingly, it's not been a particularly good week we have some tables. let's look at two and get to the charts of one of those, microsoft. so the first table these are the four other times, the fifth being unknown, where apple, microsoft, google, amazon, facebook all report in the same week. and you see there in 2015, it was in january, reporting in q4, and the peak, the trough decl

i think that market entry is going to pose subscriber growth problems for netflix but, you know, netflix is a terrific company but i do think that the paradigm is going to change back a little bit more to what it was rather than what investors have gotten used to over the past 12 months or so. >> netflix hasn't been performing all that well so far this year, mike. is it a specific netflix thing where the concern is just the pull forward in demand we saw in the pandemic or just a broader growth trade fade as we've seen so far this year >> both of those things plus the fact netflix was up 400% in the prior five years before last summer so i think it's done that. it's gone on these massive sprints and then gone sideways as people get their expectations in line with how the valuation has gotten i think it's a little bit of an incrementally different story. it seems a little more mature and less exciting, but obviously kind of a leader in this whole category >> two minutes to go, mike dow down 262 what do you see in the internals? >> pretty dramatically skewed to the negative side. a little b

now netflix is down on the year. it has ever thing to do with that subscriber miss, the outlook not being great. this company does not have believable visibility coming out of the pandemic after such strong comps. the worst first quarter in eight years, in fact. options were not positioned for this kind of decline. if you take a look at what is happening in the world of options, we see that this is coming well off of the highs, now much lower. lots of options expiring this week. if we break it down in terms of the most popular options for netflix, we will see this very clearly. it is pretty interesting. the 600 calls, that was the biggest positioning on the week. the 500 put also worthless. 620 calls, not there. a lot of options traders not happy with netflix and this performance right now, at least when it comes to the most popular positioning. guy: just trying to figure out what are the other netflix-like stocks out there that have had this pulled forward and are now going to suffer as a result of it. thanks very m

and how the award winning netflix series the queen's gambit boosts business for a small spanish vignette company. welcome to do that we have business on this easter monday i want to johnson berlin good to have you with us and if you live in britain then you're probably already starting to pack your bags because the country's government is set to announce plans to open up its international travel sector today as part of a gradual emergence out of covert restrictions a so-called traffic light system will end the country's near total ban on foreign travel people arriving in the u.k. have to pay for their own $10.00 day quarantine cost in a hotel but that will change for some countries on may the seventeen's depending on their ranking in the new system that will likely boost morale in the country while britain has europe's highest number of cobi vaccinations in a population it has also recorded the continent's highest number of deaths from the coronavirus. of for more i'm joined now by charlotte pill joins us in london good to see you charlotte have you already booked your next holiday i we

a big day for netflix off a huge 2020 a peek into this year. and netflix expectationses, this hour >>> jon, stocks falling for are the second day reopening trade suffering airlines, cruises, falling sharply, but cnbc's work-anywhere index lower as well both side of that trade in the red this morning on the upside, though, ibm up more than 3% after those earnings, and tesla rebounding up more than 1%. carl >> yeah. meantime, guys, as jon said watching apple's spring loaded event, 1:00 p.m. eastern time. expectations with updates to the ipad, maybe mac lines along with a launch, we think, of air tag trackers probable new podcasts and plus subscription service and maybe news about a controversial new ios release date between them and facebook, more interesting back and forths in tech now. >> looking for that update to ios 14 bringing ad tracking under different rules. i think the ipad has a big hurdle today the ipad pro in particular, because productivity was huge throughout 2020. we saw surge in buying of ipads and mac, particularly ipads, up mor

if you look at netflix that was a huge disappointment. i think people vastly underestimated the amount of pull forward that company experienced during the pandemic. on the flip side, snap had fantastic results. gr grasso, i go to you, which do you think is more of an extrapolation into next week >> snap. you look at the different type of stocks, netflix was a true stay at home shelter in place play but when you look at an apple which i still own, a microsoft that was pointed out, these type of names are value and they're growth but when we look at going forward these are names that just hit it out of the park time and time again when you look at a name that's so consistently recreates itself like a microsoft, it's not old tech any more. it was seen a little bit as old tech and now it's not any longer a netflix has too much competition. was at the epicenter of everything we think is good and bad about stay at home trade competition is coming on i think apple will be sh okaying to the upside. by the way melissa, these air tags i'm going to

welcome to the program shows a netflix have taken a battering since the streaming john reported that it missed its subscriber growth targets for the 1st quarter of 2021 by a big margin netflix added 4000000 new subscribers from january to march less than 2 thirds the projected figure is also just a quarter of what it out at the same. time last year with when customers were gearing up for prolonged knock downs the company has however seen a huge 24 percent leap in revenue year on year netflix says its costs have been kept unusually low recently because of pandemic related production delays. let's discuss this further without wall street correspondent yes scott again why did netflix missed the subscriber targets well i mean the head of netflix 3 tastings is calling it a bit of a wobbly appear yet and if you look at the at the expectations for the current quarter netflix actually might only at about $1000000.00 subscribers a year ago that was more than $10000000.00 it's not so much a competition that seems to be the issue but especially a lot of the productions for shows and films were

netflix shares plunge after disappointing numbers. europe's rebel soccer league crumbles as the english football clubs involved all pullout. very good morning, everybody. welcome to the european market open. 7:00 in london. later than that in singapore and mark has been getting a head that on the rest of this. what caught your eye this morning? mark: good morning. i am just looking out for the inflation figures coming out of england at the moment. nothing too shocking as expected but the big want to watch is the ppi. what we have seen is month on month figure is .3% versus .4% expected and the year on year was .7 percent versus .8% expected so slightly below expectations. these were not the high basic affect numbers we were expecting. keep an eye out for the next month. soft issue inflation figures this morning. anna: i have numbers coming through. heineken reporting first quarter numbers. we will get to those. first quarter organic beer volumes, flat. the estimate was for a drop of 4.1 percent so that looks to be better that had been

is known for his appearances on chelsea lately the tonight show stand up specials on comedy central netflix and he has a new autobiography out titled mixed plate chronicles of an all-american combo i think that came out on march 23rd this is joe call it joseph. how are you dennis beautiful brother if you swore more near act i would have recommended you call the book patter but you're such a such a clean working comedian. how are you i i you know the thing is with the platter the big plate you know i got it from hawaii telling me to do equate does it take you to hawaii as well yeah do you know why they always in the mix played in hawaii have the spam is for years the food transit from the contiguous 48 over to hawaii was kind of sluggish and unpredictable so they imported a lot of spam and that's why you'll find much so much spam throughout the whole why and islands as it was transportable portable and it would it would keep. it would last forever. still eating spam for a girl or 2. jeff diamond head is made out of calcified spam that sad but a lot. of the same you rather you know it's funny

>> i'm sort of bracing for whatever it brings us, yes. >> netflix you'll be watching netflix >> maybe maybe. the journal's got quite a piece about pfizer identifying now fake vaccines especially in mexico and poland. and i guess it had to be expected at some point but the ability for some of these criminals to bring a load of counterfeits, and people obviously scrambling for them, use them right away. that's something that pfizer now has been able to pin down at least some instances of actually, of actual counterfeit vaccines >> i think pfizer, the tock is starting to react to the fact that we will have to have boosters and it will cost money and this is the franchise for pfizer if you take a look at the numbers, for what the analysts are predicting for 2022, it's a big dropoff. if there's a booster, that won't happen and i do think that pfizer, i really believe pfizer, david, is, i think it's, i think it's too cheap. >> do you? >> yes >> because we'll keep coming back. >> yes. >> it won't be a one time and you're done. >> no. it will be more like the shingles vaccine that i hope you'

. >>> and sony massive deal with disney weeks after blockbuster deal with netflix. and on the arms race content coming up on "techcheck" in a few minutes. >>> and stocks, dow lower. nasdaq higher. at&t booming on better than expected earnings. a big move for that stock. semi-s moving lower. >> and we are all afraid what one appmaker told congress yesterday. in concern ap the power apple and google have over their businesses as big tech continues to spend money close to $5 million spent on lobbying in q1 of this year alone. >>> plus, lena kahn on the hill yesterday for an ftc confirmation hearing known as a tech critic the biden administration moving away from consumer harm when it comes to antitrust regulation, deirdre, and that, to me, is the issue. if the u.s. moves to more of a european-style approach to antitrust regulation, where it's more about competition, less about consumer harm, does that result in more of a european-style tech ecosystem? which investors i think would agree would not be a good thing? >> right that sort of makes investors wake up and take t

is known for his appearances on chelsea lately the tonight show stand up specials on comedy central netflix and he has a new autobiography out titled mixed plate chronicles of an all-american combo i think that came out on march 23rd this is joe called joseph. how are you dennis beautiful brother if you swore more near act i would have recommended you call the book patter but you're such a such a clean working comedian. how are you i i you know the thing is with the platter the big plate you know i got it from white telling me to do equate. as well. yeah you know they always in the mix played in hawaii have the spam is for years the food transit from the contiguous 48 over to hawaii was kind of sluggish and unpredictable so they imported a lot of spam and that's why you'll find much so much spam throughout the whole why and islands as it was transportable portable and it would it would. it would last forever. people still eating spam from world war 2. diamond head is made out of calcified spam but a lot. of the same you'd rather you know it's funny joe's i was reading your notes and by the

is known for his appearances on chelsea lately the tonight show stand up specials on comedy central netflix and he has a new autobiography out titled mixed plate chronicles of an all-american combo i think that came out on march 23rd this is joe call it joseph. how are you dennis . beautiful brother if you swore more near act i would have recommended you call the book patter but you're such a such a clean working comedian. how are you i you know the thing is with the platter the big plate you know i got it from hawaii telling me to do equate to see as well yeah you know they always in the mix played in hawaii have the spam is for years the food transit from the contiguous 48 over to hawaii was kind of sluggish and unpredictable so they imported a lot of spam and that's why you'll find much so much spam throughout the whole why an island as it was transportable portable and it would it would keep. it would last forever. still eating spam for a girl or 2. jeff diamond head is made out of calcified spam but a lot. of the same you'd rather you know it's funny joe's i was reading your notes and

if you've now my story at the now famous netflix film was very much based on the facts and experiences of real life journalists. it's very bored of exploitation. i mean social economic it was psychological exploitation of women i had to because. i had to become a sex worker and mingling with the sex was as. wanted university lost a friend who she says died after being trafficked to italy. in 2015 of your recent out to see how young women alluding to the trade she went undercover as a street walker in lagos and then for 7 months. i was able to follow every day lives. and 7 years down the line i still try as much as possible. scares. human trafficking is $150000000000.00 global industry young manager in woman a promise passage to europe but they are at the mercy of the traffickers in country and rape sexual exploitation and forced labor. some of this lady is 1000 cape from local. and mean bigger books so i decided to also tries it's weave them into the next level in reality i wasn't a sex worker but in the i mean i was a sex worker i did what they did the only thing. i. was too apt to wi

it's a double whammy for netflix. consumers are coming out of their covid hibernation's, streaming less video content at home as they returned to work and return to school. but netflix wasn't able to bring new content to the platform in the first quarter because in number of productions globally have been put on old for the second half of last year because of the pandemic. some markets like india, production is still on hold, although the outlook is stronger for the second half of this year. netflix said, user growth should also pick up in the second half this year. there was also increased competition for the likes of disney and viacomcbs for their streaming platforms. netflix really downplayed the impacts of competition saying that those rivals don't operate in international markets, where netflix saw a slowdown. in terms of financials, netflix did perform well, it's revenue grew by 20% in the quarter. the company expects to breakeven on cash this year and be cash flow positive for next year. ed ludlow, san francisc

is known for his appearances on chelsea lately the tonight show stand up specials on comedy central netflix and he has a new autobiography out titled mixed plate chronicles of an all-american combo i think that came out on march 23rd this is joe call it joseph. how are you dennis . beautiful brother if you swore more near act i would have recommended you call the book patter but you're such a such a clean working comedian. a how are you i i you know the thing is with the platter the big plate you know i got it from hawaii telling me to do equate dizzy as well yeah you know they always in the mix played in hawaii have the spam is for years the food transit from the contiguous 48 over to hawaii was kind of sluggish and unpredictable so they imported a lot of spam and that's why you'll find much so much spam throughout the hawaiian islands as it was transportable portable and it would it would. it would last forever. still eating spam for a girl or 2. jeff diamond head is made out of calcified spam that's a lot. of the same you rather you know it's funny joes i was reading your notes and by th

which is now my story but the now famous netflix film was very much based on the facts and experiences of real life journalist to. its arab world of exploitation. i mean social economic it was psychological exploitation of women i had to because. i had to become a sex worker and mean glahn with the sex walk as you're on it university the friend who she says died after being trafficked to italy. in 2013 to see how young women alluding to the trade she went undercover as a street walker in lagos and then for 7 months. i was able to follow every day lives. and 7 years down the line i still try as much as possible. human trafficking is $150000000000.00 global industry young nigerian woman a promise passage to europe but they are at the mercy of the traffickers in country rape sexual exploitation and forced labor. some of those ladies 1000 so. from local. and mean big books so i decided to also tries it's with them into the next level deal in reality i wasn't a sex worker but india means i was a sex worker i did what they did the only thing. i. was too happy to wiley do real cost. the jury

who is to say it isn't as big as netflix. we don't know what parts of alphabet are valued in which ways, about $225 billion is netflix's market cap now, about one-seventh of overall alphabet revenue -- overall market cap, rather youtube in the past quarter counted for 1/9th of alphabet's total. maybe we are giving credit for alphabet's credit. you don't get the necessary apples for apples comparison it is not the same business model it is advertising. youtube does not have 200 million credit card accounts in names around the world where they have a direct relationship with customers the way netflix does, guys. >> that's a great point, mike. the business models are very different. what do investors' value more, that mostly ad-based business model or the billions of millions netflix spends on con tentd. we will see. it will be a good topic to watch. meantime, we are gearing up. we are in the middle of the busiest earning season apple and facebook after the bill "half time report" starts now. >> thanks. welcome to ""the halftime

oh definitely yeah that's definitely does look that's what coming i mean netflix is the pioneer here they've made a lot of these type of movies just recently from the british nigerian director and actor she would call the geo for the boy who harnessed the wind a phenomenal film and the interesting thing about this is netflix now the other team is are looking at africa as a market and they're realizing that if you want to get african an african audience to watch your streaming service you have to give them african stories and if the best people to tell african stories are not well meaning europeans or americans but africans themselves with for the 1st time african directors and have the money and the platforms to really reach a worldwide audience. well that's absolutely great news and we'll keep an eye on those developments and thanks for bringing us those background insights we'll talk again soon scott roxboro involved. all the documentary do not split follows pro-democracy protests in hong kong from the summer of 2019 until the new national security law came into effect a year later

netflix. cuz xfinity gets you really into your shows. when someone burns for someone who does not feel the same. oh, daphne. let's switch. from live tv to sports on the go. felix at the finish! you can even watch your dvr from anywhere. okay, that's just showing off. you get all of this with x1. so go on, get really into your shows. you need a breath mint. xfinity. it's a way better way to watch. . >>> welcome back we're leading up to the launch of an nbc special vent called inspiring america. we're highlighting extraordinary people making a positive impact in their community and my next guest fits the bill. we're happy to welcome a scientist behind the pfizer vaccine. she's the chief medical executive offer and co-founder of biontech. it's great to have you here. welcome. >> thank you it's a pleasure to be here >> i have a number of questions about the vaccine and covid. what has it been like for somebody you and your husband have described yourself who celebrate over a quiet cup of tea. what is all of this attention like for you and do

netflix tumbling we'll look at the names one by one and see which could have some staying power. >>> economic opportunity of the billions of dollars in vc money, only a tiny percentage to businesses owned by black women. we'll talk to a woman trying to change that with a little help and a lot of cash from mastercard "power lunch" starts right now >>> yes. welcome to "power lunch. i'm kelly evan just we are seeing the markets head higher today. but a lot of people wonder if things are this good and time to worry again. right? let's go to bob pisani for more. >> hello, kelly. banks and reopening stocks doing better but no catalyst for the move down and just churning around right now it's the middle of earnings season and there's guidance again and so happy to hear that and the stock market so we had comments today from anthem, tenet healthcare asml all raising guidance to the upside not a single ceo i have seen declined to give guidance. nobody's hiding behind that old story anymore. one problem is peak everything right now we are in the middle of peak optimism the peak of the economic

screws, rewe seeing netflix fatigue? let's bring in teddy weisberg and larry shover. is this a better name in the streaming world right now? >> you know, i think it would probably be hbo only because they demonstrate a parallel to netflix. and, you know, i've been wrong about netflix for two and a half years, but, you know, they have strong execution ramping up their own content just like hbo, demonstrated pricing power, and we have to remember that it's not a zero sum game. all that to say i think when you look at the accounting, when you look at the share price versus valuation, hbo is probably the better bet at this point. liz: and, of course, owned by at&t. and as we watch all of this, you know, teddy, what is your buy right now? >> well, if i had a pick, i'm not sure i'd play in that a sand box, but my pick would probably be disney. i think disney clearly has hit a huge home run with their streaming product. but beyond streaming they have so many other things going for them. streaming certainly important to them. so

i think netflix is going to do very welled today. and what about apple with their new products in that might be enough to get us out of this little bit of a malaise, you know? i know they're going to compete with spotify for podcasts, but let's got everyone's talking. liz's podcast, right? [laughter] why not? you know, i just think fangs are are going to have a good quarter. don't sell in may and go away, get ready to buy some options because i think we're ready to break out. liz: okay. options, it is. everyone talks to liz podcast available on apple podcast. great to see you guys. scott, phil, always a pleasure to have our traders and their perspective. up next, robinhood looking to play ipo hero as cryptos add some new bows to its quiver. charlie gasparino about to break it on the retail trading platform's latest behind the scenes move. and you know the crypto lovers and the wall street bets crowd are going to be watching this one. closing bell ringing in 36 and a half minutes. dow is down 293. we've got a lot of red on the end scr

he's now my story but the now famous netflix film was very much based on the facts and experiences of real life journalists. it's very bored of exploitation. i mean social economic it was psychological exploitation of women i had to because. i had to become a sex worker and mingling with the sex was. university of yury lost a friend who she says died after being trafficked to italy. in 2013 obviously set out to see how young women alluding to the trade she went undercover as a street walker in lagos and then for 7 months. i was a would so for every day lives. and 7 years down the line i still trads much as possible. human trafficking is $150000000000.00 global industry young nigerian woman a promise passage to europe but they are at the mercy of the traffickers in country rape sexual exploitation and forced labor. some of those ladies once xscape from the local press and mean we got books so i decided to also try seats with them into the next level though in reality i wasn't a sex worker but in the army i was a sex worker i did what they did the only thing. i. was to. go on to real co

right now seems weird to go back and say that he was called a top up and coming he's a name now as a netflix special called the greatest average american help heal back that name for us it's currently streaming mate my get see how are you my friend. good may have very excited the big failure use well i listen to that old interview even spade so i'm lucky become friends as baby i remember every young operator be to turn is one of. their last is it he him space is not myspace as you were at s n l guess before him and then and you don't like talking about me i was old days just as a comedian but this ng i mean one of my faves. you know i used to go into that back room when they had all the fresh hires and my job was to be like lou gossett jr an officer and a gentleman i was supposed to go termino i go in and you've got sadler who's off in the corner. and you've got farley who i just can't get a read on at all but it seems like. he's an absolute rock who i know a little and then space and schneider it like the 2 the 2 fairies on delco were shoulder and willow i'd go in and i'd tear these kids ar

as part of jimmy's clean cut comedy store i got that must be 7 or 8 years ago now also featured on netflix comedy series the stand ups and esquire well listen this cat's career so flush right now seems weird to go back and say that he was called a top up and coming or named now as a netflix special called the greatest average american hero pill back that name for us it's currently streaming mate margret see how are you my friend. good may have very excited the big family use well i listen to an old interview even spade so i'm lucky become friends as baby i remember every yoplait of you time is one of. the hardest your last days and he him space time and space as you are it is an elegance before him in and you don't like talking about yells old days just as a comedian but this in 2 of us i mean one of my favorites you know i used to go into that back room when they had all the fresh hires and my job was to be like lou gossett jr an officer and a gentleman i was supposed to go terminal i go in and you've got sadler who's off in the corner i remember her and you've got farley who i just can't

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mike, where are we on the netflix story after such a humongous run up in pandemic what happens next? >> even before the pandemic. it's up say 450% or something like that. it's really just consolidated those gains. i would amend the point about the launch of disney plus because if you date it to the april 2019 investor meeting that disney had that detailed the strategy and things like that then disney has outperformed netflix. there's been a bit of a push/pull and it's developing as these two or maybe the core of somebody streaming menu. there used to be a concept of core and explore you play around the edges and i think the market is viewing it that way with the two players. >> mike's point about disney is more impressive because we had a pandemic in the meantime netflix is the pure play if you want the subscription business and not deal with the real world stuff. >> absolutely. if you look at the chart, it's like comparing apples an fruit salad. it's a business that's done well during the pandemic and the theme park which has truggled. back to netflix, it's interesting looking at th