Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Tuesday, April 17, 2018

What to watch today

On Tuesday, corporate earnings will be a major focus for investors with Goldman Sachs (GS), United Airlines (UAL), Johnson & Johnson (JNJ), United Healthcare (UNH), and IBM (IBM) all set to report results. Goldman’s results will garner particular scrutiny as financials have been a key cog in the market’s post-election rally. Additionally, during the first quarter the firm announced that co-COO Harvey Schwartz would retire, making David Solomon the likely successor to Lloyd Blankfein. In early March, the Wall Street Journal reported Blankfein could retire by the end of the year.

In after hours trade on Monday, Netflix (NFLX) shares were up as much as 7% after the company reported revenue and subscriber growth that topped estimates. The company also said it expects negative free cash flow of $3 billion-$4 billion in 2018 as it invests in more original content.

Read More

Top news

China to remove auto foreign-ownership limit by 2022

: China plans to remove foreign ownership limits for auto ventures within the next four years, giving a boost to global companies seeking better access to the world’s biggest vehicle market. Ownership limits in utility and new-energy vehicles will be removed this year, National Development and Reform Commission said in a statement on its website. China will remove the foreign capital limit for commercial vehicles in 2020 and that for passenger vehicles in 2022. [Bloomberg]

Trump puts forward 2 more nominees for Fed board

: President Donald Trump has selected Columbia University professor Richard Clarida to be vice chairman of the Federal Reserve and Kansas bank commissioner Michelle Bowman to fill another vacancy on the Fed’s seven-member board. The action represents the latest steps in Trump’s efforts to remake the seven-member Fed board, which currently has four vacancies. Both nominations need Senate approval. [AP]

Tesla says Model 3 production shut down temporarily

: Tesla Inc. (TSLA) has temporarily suspended its Model 3 assembly line in what the company said on Monday was a planned production pause, as the automaker continues to face challenges ramping up its new sedan. It was the second time since February that Tesla has temporarily shut down its production line for the Model 3 at its Fremont, California plant. [Bloomberg]

Trump to host Japan’s Abe amid strain over N. Korea, tariffs

: President Donald Trump will play host to Japan’s Shinzo Abe at Mar-a-Lago this week amid growing strain between the two countries over the president’s planned meeting with North Korean dictator Kim Jong Un and his push for new tariffs. The visit will be an opportunity for the two leaders to discuss Trump’s upcoming summit with North Korea, which Japan eyes warily. It will also serve as a test of whether the fond personal relationship the two leaders have forged on the golf course and over meetings and phone calls has chilled over Trump’s recent moves, including his failure to exempt Japan from new steel and aluminum tariffs. [AP]

For more of the latest news, go to Yahoo Finance

View photos
Desiree Linden, of Washington, Mich., celebrates after winning the women’s division of the 122nd Boston Marathon on Monday, April 16, 2018, in Boston. She is the first American woman to win the race since 1985. (AP Photo/Elise Amendola)

Yahoo Finance Originals

Netflix CEO takes jab at Facebook over data privacy controversy

Bitcoin exchange Coinbase is on a buying spree

Stocks face a rocky uphill battle, but volatility should wane: trader

80,000 more retail stores could close by 2025

How to stay safe when traveling to Mexico

Like what you just read? Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. And feel free to share it with a friend!

figure data-type="image" itemscope="" itemprop="associatedMedia image" itemtype="https://schema.org/ImageObject" data-reactid="68"">
>

The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.

Source : https://finance.yahoo.com/news/morning-brief-netflix-shares-surge-reporting-strong-subscriber-growth-103734959.html

2006
Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Source:Yahoo Finance

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Source:Money Morning

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Source:WWSB

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Source:Seeking Alpha

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth

Source:Reuters

Morning Brief: Netflix Shares Surge After Reporting Strong Subscriber Growth