1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. What 4 00:00:17,480 --> 00:00:17,919 Speaker 2: are you looking at? 5 00:00:17,960 --> 00:00:20,200 Speaker 1: We're looking at Netflix and we're going to continue with 6 00:00:20,239 --> 00:00:22,200 Speaker 1: the green nets edging higher by almost five and a 7 00:00:22,200 --> 00:00:25,200 Speaker 1: half percent. So the company basically aims double its revenue 8 00:00:25,239 --> 00:00:27,720 Speaker 1: and reach a one trillion dollar market cap. That's according 9 00:00:27,760 --> 00:00:30,400 Speaker 1: tours Wall Street Journal, and Netflix now has a market 10 00:00:30,400 --> 00:00:33,320 Speaker 1: cap of around four hundred billions, So it's definitely an 11 00:00:33,320 --> 00:00:35,640 Speaker 1: ambitious goal. But we have bmall Capital is saying it's 12 00:00:35,680 --> 00:00:38,640 Speaker 1: achievable given their best in class leadership team. We have 13 00:00:38,720 --> 00:00:41,720 Speaker 1: Jeffrey saying that Netflix is proving resilient against all the 14 00:00:41,800 --> 00:00:44,199 Speaker 1: tougher macro. I mean, we know that it's really been 15 00:00:44,240 --> 00:00:46,199 Speaker 1: a tough environment for markets right now with all the 16 00:00:46,240 --> 00:00:49,240 Speaker 1: uncertainty with the economy and trade tires. But still it 17 00:00:49,440 --> 00:00:52,360 Speaker 1: just really highlights that the executives are optimistic about the country. 18 00:00:52,360 --> 00:00:55,960 Speaker 2: Score numbers, huge numbers, we get back. Sure, I'm not 19 00:00:56,000 --> 00:00:58,800 Speaker 2: sure where the drivers are that get you their subscribers 20 00:00:58,800 --> 00:01:01,720 Speaker 2: advertising a I'm not sure this plays out, big number, 21 00:01:01,760 --> 00:01:03,800 Speaker 2: good for them. Stock's been phenomenal. 22 00:01:04,160 --> 00:01:06,280 Speaker 1: What else you got Bank of America, So this is 23 00:01:06,280 --> 00:01:08,920 Speaker 1: also edging high by around four percent. So we have 24 00:01:08,959 --> 00:01:11,440 Speaker 1: stock traders posting a record quarter and that's as the 25 00:01:11,440 --> 00:01:13,720 Speaker 1: company reap the benefits of the fallatile markets. We heard 26 00:01:13,720 --> 00:01:15,600 Speaker 1: the same with other big banks like Gold and Sacks. 27 00:01:15,600 --> 00:01:18,600 Speaker 1: So we have revenue from equity trading rising seventeen percent, 28 00:01:18,800 --> 00:01:21,560 Speaker 1: and that's how Back of America beat estimates per earnings 29 00:01:21,600 --> 00:01:24,640 Speaker 1: per share, and trading of fixed income currencies and commodities 30 00:01:24,840 --> 00:01:27,800 Speaker 1: also came in close to expectations, and the bank sales 31 00:01:27,840 --> 00:01:31,120 Speaker 1: and trading unit delivered its twelve consecutive quarter of year 32 00:01:31,160 --> 00:01:34,440 Speaker 1: over year revenue growth. So really it's the kickoff for 33 00:01:34,480 --> 00:01:36,280 Speaker 1: the earning season. Has been a good start and we 34 00:01:36,280 --> 00:01:38,400 Speaker 1: have really the banks to thank for it. It seems 35 00:01:38,400 --> 00:01:40,680 Speaker 1: like people are really liking these earnings, especially we see 36 00:01:40,680 --> 00:01:42,800 Speaker 1: financials being the best performing sector right now in the 37 00:01:42,880 --> 00:01:45,120 Speaker 1: S and P five hundred. You've also got eyes on 38 00:01:45,200 --> 00:01:47,920 Speaker 1: Boeing Boeing, so this is the opposite story. Shares are 39 00:01:48,000 --> 00:01:50,200 Speaker 1: edging lower by around one and a half percent. So 40 00:01:50,280 --> 00:01:53,600 Speaker 1: China basically ordered all of its airlines to not take 41 00:01:53,640 --> 00:01:56,240 Speaker 1: any further deliveries of Boeing jets, and this is part 42 00:01:56,240 --> 00:01:58,480 Speaker 1: of the tit for attach trade that we've been seeing 43 00:01:58,520 --> 00:02:00,720 Speaker 1: being drawn out the past weeks. Aging also asked the 44 00:02:00,800 --> 00:02:04,760 Speaker 1: Chinese carriers stop any purchase of aircraft related equipment in 45 00:02:04,800 --> 00:02:07,960 Speaker 1: any parts from US companies, and these TIFFs on their 46 00:02:08,000 --> 00:02:09,840 Speaker 1: own would have more than double the cost of US 47 00:02:09,840 --> 00:02:12,240 Speaker 1: made aircraft than parts, which is why to some it's 48 00:02:12,240 --> 00:02:16,280 Speaker 1: impractical for Chinese airlines to accept Boeing planes for Boeing. Obviously, 49 00:02:16,320 --> 00:02:18,680 Speaker 1: this is really not good news because it's a fresh setback. 50 00:02:18,720 --> 00:02:21,720 Speaker 1: I mean, China is the world's biggest market for aircraft sales, 51 00:02:21,760 --> 00:02:25,280 Speaker 1: so that's big market that's shut out for them. 52 00:02:25,440 --> 00:02:29,560 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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