netflix is increasingly trying to get you to subscribe to netflix so they don't have to share revenue. now that apple is launching a service that's more in direct competition with what netflix is doing, it doesn't make much sense for them to be working together >> pay me, not tim cook. thanks. >>> still to come on "squawk alley," the popular trends in coming ipos that may signal underperformance. >>> and the co-creator of apple's first ever tv show is with us. we're back after a quick break what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ >>> welcome back to "squawk alley. the coming slate of ipos t

do you think netflix is feeling pressure? lucas: a little bit. the ceo of netflix has been pretty consistent, that on the one hand a lot of people can , succeed. hbo has grown, hulu has grown, netflix has grown, there can be space for a lot of winners. and so he is not going to believe that apple coming into the market kills netflix or is a problem for them. but if you listen to him speak about competition, it is about screen time and leisure time. there is no question apple can feed into that. that could be a problem for netflix especially because apple can use this to push its services. andre made a good point because apple can introduce an ok service and probably still get it to tens of millions of customers. but music the success hasn't , blunted spotify. spotify has actually quadrupled in size since apple came along. my guess is we will see something similar where in video apple can succeed and netflix can too. emily: netflix is going to be part of this, you can access it through the current apple tv storefront. andre, what does this mean fo

they want to directly take on netflix. by the way, the offer doesn't seem as directly taking on netflix as say the disney offering that's coming out later this year. seems to me what at&t is trying to do is like a tv, broad tv package which could at some point include netflix. it is not going to do it at this launch doesn't mean they couldn't include netflix in the future, that's an economic negotiation between the companies. apple has the cash to get into it the question is can they get the economics like netflix can to justify it it will take years to get return on that. doesn't seem like apple is willing to do that now >> that's fair definitely the time it will take is not in dispute, that's for sure mark, we'll see what happens monday see you soon mark mahaney >> thanks, carl. >>> still to come, is a cashless economy discriminatory we debate it next. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself.

has netflix really become the safe tech bet, grasso? >> i don't know if it's the safe tech bet i've been a bull on netflix. you know my feel obviously these names if the market rolls over, these names will roll over pretty hard as well i watch a lot of netflix and a lot of amazon prime. i only look for originals. but i was very shocked to see the small amount of originals that are really taking up the viewing time that's what made me a little less bullish about netflix if you're comparing to amazon and talking about getting broken up, it's a safer plan. >> we're talking about this regulatory side and the tragic shooting in new zealand. the alleged shooter announcing the plan to do the shooting over twitter and using -- live streaming it that brings up a whole other thorny -- >> absolutely netflix is probably the most insulated. to steve's point, we're at levels that topped out in october so it would stand to reason we're getting a little long in the tooth. i've done a decent job with netflix for the last 30 i've been wrong i think there

the thing netflix is feeling pressure -- do you think netflix is feeling pressure? lucas: a little bit. our readings have been consistent. on one hand, a lot of people can succeed. hbo has grown, hulu has grown, there can be space for a lot of winners. believe apple coming into the market is a problem for them. but you also have competition and screen time and leisure time. there is no question apple can lead into that. that could be a problem for netflix especially because apple can use this. andre made a good point because apple can introduce a ok service and get it to tens of millions of customers through with music, the success hasn't blunted spotify. they have quadrupled in size since apple came along. we will see something similar play out in video where apple can succeed and netflix can too. you can actually access netflix through the current apple tv storefront. what do you think this means for netflix? they are the giant in the room. biggest -- andre: the biggest losers were netflix and roku. content the discovery is becoming more and more critical to help

so in the context of your game, netflix. >> so netflix is going to spend $4 billion on content this year while disney arguably has the best content out there or maybe it's now at&t time warner, i don't know but this is a company that's got a lot of debt, it trades at a ridiculous multiple. you still want to own that in the context where competition which we've known about for years is truly closing in. the pocket in your new england patriot backfield is collapsing. >> i even kind of understand that. >> it's a good thing that reed hastings has pocket presence and he'll stand in there until the last possible second so i understand what tim is saying, but they're so -- disney and apple are so far behind in this, they're never going to catch netflix. and i never say never, but in this case i'm saying never. >> for more on the streaming wars and who could be the big winner, go to tradingnation.cnbc.com i'm melissa lee, you're watching "fast money" on cnbc, first in business worldwide here's what else is coming up. >>> google launches its own platform to compete. we'll tell you who the big win

we do own netflix. we think about it very similarly to how we looked at the cable tv companies almost 30 years ago, figuring out how much a subscriber appears to be worth, based on a present value of cash flows, and then looking at how much value is being created in the business netflix, today, has a market cap that's south of 200 billion, including its debt, which comes to a little over $1,000 per subscriber and they're adding, what, 20, $25 million subscribers a year that we think are worth $1,000 if you think about it that way, you could say that netflix is selling at something like eight or ten times earnings. >> how do you think about some other companies in the content space, as far as that goes you know, disney has got fox now. is that creating more value? is it moving it closer to your universe or less looking at a disney stock chart, you know, it's been more than three years since the stock sustainablely moved in a consistent direction >> well, we end up not owning any of the additional cable p

ceo reed hastings says he wants customers to watch netflix' content on its service. joining us now brett sappington. nice to have you here. welcome. >> glad to be here, sue. >> ts is suc a fascinating space to me and it's one where ew entrance to it all the time. you say there will be a number of winners in the space but y single out netflix. why? >> netflix is the leader.ey e the dominant leader by a significant margin. over half of u.s. households have a netflix subscription right now, and that's significantly more than anyone else. the next closest is amazon. >> what about apple' entry into it. do they have an uphill battle to height?th 're very, very innovative company certainly and they want in on this space. netflix doesn't want to do business with them in this particular niche at this whpoin. does apple have to do? >> well, i thi anyone entering the online video space right now for subscription services, everyone has kind ofup an ll battle to try and rival hulu, amazon a netflix. but there's no company perhaps han 's out there other maybe facebook or others th

netflix's stock. it will be dramatically outspending on original content including apple, something like 7x times as much roku, interesting, stock is up because apple called it out as a distribution partner and roku's raise on tv is to get, have people think about it as a neutral switzerland. one more package streamable via roku a positive for that company and amazon, the other kind of internet major sort of media company out there, also seems like a non-event and competing package. the price point is key here and what to think about. $8.99 is the basic plan with netflix. something like this. if you're really wanting to be disruptive coming below that, i doubt that's what we see and in terms of a broad tv service package, my guess is $15 to $20 a month. >> the event apparently now concluded. that's the sum total of the announcements. i guess we're going to get so maybe price is not been part of this. why do you think that is >> because i don't think they have enough content to justify any price that t

so i love netflix here i mean next netflix has been the leader as far as digital streaming as concerned i'm personally a long necked flicks i like it for a trade up until at least the four hundred dollars price point and ideally to new highs the thing that netflix has behind them is that they they really started this game right and they're going about it backwards in a way that now they're creating their own content well disney is doing it the opposite direction disney has been creating their own content for years and years and years and now they're going to go and create that streaming service so i actually think that net disney is going to have a leg up here and they're going to be huge competitors and i like them both for a long term buys because of it ok well you answered my disney question there and we just got about a minute but i want to squeeze in one more quick one here adobe the cloud computing giant the company took a dive the other day after weaker than expected earnings what do you make of adobe . i love adobe here i think that the fall on earnings is a great opportunity fo

. >>> director steven spielberg wants to ban netflix from the ca . the legendary director of popular movies le e.t. and schindler's list plans to support a rule change that would prevent movies that debut from a screening service from attending the oscars. we will talk about whether or not streaming is a missed opportunity for hollywood. nice to have you here, matt. welcome. >> thank you. mean, the obvious answer seems to be, yeah, it is a missed opportunity. would you agree wit that? >> well, i think all the studios have benefitd somewhat from netflix in terms of sellingnt t. they were the foundation for netflix's early success including the problem was to a certain extent they created a monster and i think that netflix has been extremely disrupted to the mid budget movie business, dramatic come dis, et cetera, i theaters. it hasn'tad that much effect on the avengers or high end anated movies. the genre of movies that the academy awards is generally focused on, it's been very transformative. >> what does this do if this le goes through and if steven

. >> so you think the multiple should come up towards netflix because netflix is valued where it is? >> i'm more inclined to see netflix valuation will be exposed for being absurd, but what do i know. >>> coming up, twitter's ceo jack dorsey going crazy for crypto, buying bitcoin each week as he expects a price resurgence we are live at the nasdaq in times square much more with the fa"fast monel ahead. >>> welcome back to "fast money. jack dorsey going all in on bitcoin, revealing he's maxing out the weekly spending limit on bitcoin by squares cash app. the ceo expecting a massive acceleration it was up in february, its first monthly gain since july. it's attempting to climb back to 4,000. so could this be a turning point? >> i think we're pretty close. i think we're looking at the thaw here. it's the crypto thaw we hadthe crypto winter. when you look under the hood of crypto, we're seeing some improving fundamentals the one stat i will give you, if you look at the number of addresses created on the bitcoin network, it's up 20% from the january lows it's at highs at the levels that w

the brains behind one of one of netflix pulp -- brains behind one of one of netflix pulp —— netflix's biggest shows has said there is never been a better time to be a producer. where the linear producers seem to operate to a nice —— niche demographic, streaming services can work out exactly the audience the programme is fit for once it has been delivered. a great wave of consolidation is sweeping across the media landscape as the creators of content are getting together with the distributors. those to own the pipes. rather than by a content company outright, apple are big enough and brave enough to have a go at content themselves. for punters, that's great. but for traditional broadcasters, the fact that even rupert murdoch but rupert murdoch thinks he is too small to compete isn't just thinks he is too small to compete isn'tjust ——is terrifying. apple is expanding its horizons beyond hardware to hollywood. call for change. hong kongers are asked for ideas on what to do with its disused public phone kiosks. let there be no more war or bloodshed between arabs and israelis. very

to netflix up 30%. there's a strong buy on disney, a buy on netflix the preference to disney do you believe the number of subscribers to the new streaming service could exceed that of netflix's? >> i think there's a possibility of that. i think the question is when clearly, to us there's a huge addressable market for this product. and i think it's fair to say that we are still barely in the early innings of this. so disney jumping in to this market i think really is going to reset the bar everyone has to bring their a-game including netflix but i would bet that both netflix and disney will be left standing when all is said and done. >> a lot of people like to do disney versus netflix but both can win to your point. at the same time there's a streaming service out there, some form of entertainment that loses out, eyeballs or wallet. what is your guess on where the subscribers are coming from? >> well, my guess of where the subscribers are coming from really is continuation of the secular trend that we ar

carol: it was about everybody be hbo.to be, everybody wants to netflix. jason: the night is dark and full of netflix. >> they know that and this is an attempt to pivot and become much more of a streaming service that n a cable one. carol: we have got more on this story from our reporter. >> richard, longtime head of hbo. it is the end of an era. we tell everybody we are a media technology company. at&t now seizing control of time warner media and assets, is moving forward with this plan. the big plan for the future is that they want to roll out this direct to consumer streaming service. it will compete with netflix and pull in all this programming from other media assets. hbo's going to be a huge part of this. what i wanted to set out to do is like, ok, hbo has been dabbling in this world of direct to consumer and straightening products for almost a decade now. yet, somewhere along the way, they fell way behind netflix. why was that? what is it like to work on the technology side of the business? what i found talking to people who have passed through hbo

just get on netflix. >> i don't think he has a netflix account. that's going to do it for the news at 5:00. >>> now at 6:00 first the oakland teachers strike, then the deal, now the cuts. students say they're the ones being sold out. >> san jose students standing up for the 13 percenters as they call them, fellow students without a basic right. >> good evening. i'm ken bastida. >> i'm elizabeth cook. >>> we begin with the chaotic fallout from the oakland teachers strike. students say they feel betrayed and are fighting against a new round of steep budget cuts. kpix5's da lin is live for us in oakland. >> reporter: the students are really upset about the cuts. these cuts are going to remove programs that they say will hurt some of the most vulnerable students in the district. >> then who is going to be at our graduation? no one because we have no support system. >> reporter: student jennifer martinez is outraged the school board voted to cut all five foster youth case managers in the district. >> the last two years six placements. there's no stabil

for netflix's growth. over the next year this will be negative for netflix really shocking. the stock is up over 50% but i do think this will be on netflix stock. i don't think it will kill netfl netflix. the simple reason is this. just like spotify, that exists it doesn't exist particularly well the stock hasn't done anything in the past year since it's went public, but just like spotify, the music site, i think that the video streaming services can have multiple players. and i suspect that over time you can have consumers with two, three, our even four of these $15 a month type of subscriptions as they pare back. >> would you be telling people to sell netflix ahead of this if you think it could cause problems over the next year as we see not just apple doing this but comcast coming out with a g streaming service. at&t is preparing its service now too. and all the ones that were already out there maybe trying to beef things up with the potential of what amazon does too. >> absolutely. i would not be ownin

the night is dark and full of netflix. hbo knows that, and that is an attempt to pivot and become much more of the streaming service then the cable one it has been. carol: very timely with everything going on. we have got more on this story from our reporter felix gillette. helix: richard resigns this past week, the longtime head of hbo. carroll: 27 years of the company. helix: right. it is the end of an era. he would tell everybody, we are a media company, not a technology company. along comes at&t, which is now seizing control of time warner media and assets, is moving forward with this plan. their big plan for the future is that they want to roll out this direct to consumer streaming service by the end of the year that will compete with netflix and pull in all this programming from the warner media assets, tnt, tbs, warner bros., and hbo's going to be a huge part of this. what i wanted to set out to do is like, ok, hbo has been dabbling in this world of direct to consumer and streaming products for almost a decade now.

you look at the billions of dollars spent by netflix. notontent creation, you're necessarily looking to replicate that. run me through why you're not getting into production just yet, and how you get more local content. maaz: it starts with content. like you pointed out, netflix is focusing more on its original shows. what that does is create opportunity for us to work with disney and warner and fox. so, all the major shows, whether big bang theory or the vikings, billions from showtime, they are all on our service. that's because these big shows still need a home. if netflix is focusing on original shows, it gives us the opportunity to bring these shows on our service. added to that is also the aspect of local content. we work with several egyptian and original producers in collaboration, and we acquired several local arabic shows. that's a key part of our service. and finally, content is the starting point and core of your product, but it's also about distribution and methods of payment. outside of uae, credit card penetration in this

netflix went from 233 to 320 from december 24th and january 8th. it's sat between 320 and 365 it's in nowhere type of range. i don't think am soazon is a ba investment people that will get back in, i still see apple with most opportunity. >> net flikflix that we discuss the last week or so. dow is up 2040 points. was based ed on the fact it had this big run but it was susceptible if not, among the most susceptible of names to pull back if the overall market pulled back. hello, the market is now going, we're pushing 26,000 again on the dow. maybe that doesn't even come to fruition >> i think competition though is going to be important theme for netflix here over the next few week, we're going to here from disney and from apple about streaming services that will compete with netfl netflix. i think that's a reason to give pause a little bit about the name here is there increased competition. >> i agree with that if you look at them, they are a negative cash flow generator negative cash flow >> when you look at content cost with what you mentioned, tha

>> i certainly don't think it's netflix. we've had the media going on talking about this being a netflix killer, but that's never what apple intended. i think people forget that apple owns the hardware, the ecosystem, the entire ecosystem, the os, the browser, the store, apple pay. apple is creating content and service, whether it's news, whether it's gaming, whether it's video to drive services and other things, including apple hardware so it was never supposed to be a netflix killer so netflix is not who it's targeting. i think the key thing here that we all have to remember, though, is we all have a limited amount of time that we can all watch video every day. so whether that's apple, netflix, hulu, amazon, whoever it may be, apple is trying to get our eyeballs, like every other content owner and distributor out there. so i think it's a threat to some of the other companies that are offering similar services from a cu curation standpoint. so i don't know that it's a direct threat to any one company. you certainly have dis

why he's downgraded netflix. the halftime report with scott wapner startsnow >> welcome and good to have you with us on this friday josh brown, steve weiss, kate moore is here. courtney gibson is here as well. stocks selling off the lows. continuing to react to the unemployment report. only 20,000 jobs were added in the month of february. blame the weather or the government shutdown. it's an ugly number. the question is it an anomaly as larry kudlow and others would have you believe >> we have to take it into account. there's a number of sectors where you're seeing slowing job growth you would expect that late in the cycle. some of that was affected by the workweeks. there's a lot of other underlying wage pressure and how companies handle that in a year of slow and growth and more uncertainty will be really, really criminal for profits over the next four to five quarters you can brush there aside. you can say like transport has been weak. russell has been week. what does it all mean to you >> i'm agreeing with bo

netflix will be valaluable as ty invest in more content. apple has a big advantage in that they have one billion ios >> apple is s trying to becocome the netflix of everything. it h has unveiledd a new subscription service and is launching a credit card and will roll out a new game subscription service in the autumn. they also h happen to make computers and smartphones. european mps have voted to enact copyright reforms. the measures have been lauded by representatives of the music business but denounced by tech firms. have demanded a bigger share of revenues from platforms like youtube while distributing their content. is likely to result in unnecessary mass deletions and rejections of user generated content. the first official report on the march 10 crash of an ethiopian airline crash is likely to be released this see -- this week. a crasheded minutes after takeo. boeing has beeeen rushing to complete a softwtware updatete. fleet r remainse groundnded in the wake of two similar crashes. the company is briefing people on training around th

hulu cut the price of its most popular plan last month while netflix recently raised prices. what are the best what are the best marijuana investments?jeff the ross spring dress event is here-finally! so you can say yes to the biggest selection of the season. yes! seriously, 20 to 60 percent off department store prices! more new dresses means more reasons to say yes. at the ross spring dress event. on now! great minds shop alike? yes. that's yes for less. yep! yes, yes, yes ,yes, yes... yes. seriously, 20 to 60 percent off department store prices every day. at ross. yes for less. (ácommercialá)(áábreakáá) a very rainy start to the morning with showers becoming less widespread later in the day. expect daytime highs in the upper 50's under primarily cloudy skies well through the day. tomorrow showers will lighten even further with some sunshine (robin) no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. golden gat bridge drive time less than 30 min from 37 to the toll plaza. richmond bridge drive

netflix is well up 30% this year alone. many people think apple should take over netflix. what should the strategy be there? i don't think they will be able to do it organically? >> no, i don't believe they will either. i think netflix is a short here. i have said that in the past, don't want the folks to get hurt copying what i do i think netflix is overpriced. i think competition is coming in. disney i think is the investment in the space. i think at&t is also a good play. i think comcast is a play. there will be so muching a agressive competition here, i don't think netflix has the ball and can run with it by themselves. charles: how do you take them down? you talked about one side content but the other side the pipes? doesn't matter the pipes as much, does it as content providers, who has the content? >> it will be very expensive for netflix to keep doing what they're doing. we saw that with the hit show "friend." the cost of that show went from 30 million to 100 million in just one year. disney will eventually pull all their content home completing directly against ne

. >> it was about everyone wanting to be hbo or netflix. >> the night is dark and full of netflix. hbo knows that. pivot and attempt to become much more of a streaming .ervice >> we have more on this story from felix gillette. >> longtime head of hbo resigned this past week. >> 27 years of the company, long time. >> end of an era. they said hbo is a media company not a technology company. along comes at&t which is seizing control of warner media and all assets and moving forward with this plan. for the future is in part that they want to roll consumerdirect to streaming service by the end of the year that will compete with net what can pull in all this programming from the warner media assets and hbo will be a huge part of this. to say, ok hbo has been dabbling in this world of direct to consumer and streaming products for almost a decade now. theyhere along the way fell way behind netflix. what is it like to work on the technology side of a business that says we are not a tech company/ -- company? a lot of people have been in chanted and ultimately frustrated by this challenge ove

but the issue is netflix, people don't go there for the disney movies that netflix already has. like avengers. most of the top netflix views are their original programs. and the issue is is disney going to make the kind of commitment to producing that kind of quantity of original programming that netflix has and without that, it's going to be a tougher haul. >> you're leaving out the biggest remake that i read about yesterday. pet cemetery steven king. supposedly it's much more horrifying than the original do you remember the original >> i have never seen it. >> come on >> it was awful. it was terrifying. >> this is supposedly ten times more terrifying. i don't know if it's a universal. just in case it is, i thought i'd mention it we also want your take on this story. devin nunes suing twitter for $250 million alleging he was defamed and that the social media company selective i enforces its own terms of service to benefit opponents of the republican party no merit to that >> i don't think a first-year law student would have a tough time defending this as a defamation suit. he's

can it compete with netflix and hulu? scott budman gives us the scoop on apple's big venture. >>> rain is moving through the bay area right now. i'll show you how much we need to go through before the sun returns. >>> a man shot in the head inside of a state office building. we're following this breaking news in san francisco. the news at 6:00 starts fou. >>> i'm raj mathai. >>> i'm jessica aguirre. we're tracking the story on air and online. someone shot a man in the back of the head before 4:00 this afternoon. it happened inside a building that houses the department of corrections at 13th and van ness near 101. >> we know this. the shooter got away. but there are plenty of witness ws. let's bring in sam brock in san francisco with the newest details. sam? >> reporter: raj, jessica, we just spoke with a young man, 20 years old, who was stunned. he said this was his first day at the san francisco conservation corps. this was the first day for the victim here. according to this participant in the program, someone walked in

we just ran this story about spielberg andta he'ing about netflix and how he doesn't know if netflix should be considered for oscar considerations. just your thought on that? >> i think what he was saying is he believes there should be a robust theatrical relese for movies and it's not so much a debate about one company or another or how long should avi be in tractor-trailheaters to b considered a movie versus plelevision. pare consuming, you know, on their phones and on the internet, andth o tv and you know, so the business is changing, and you know, the movie business has changed a lot over time. it was black and white, it was color, it was feature length, and you wknow, tv going to ruin the movies, and the movies su survived. i think they will, a w people arking to define how that's going to be. for me, charlie, to do a movie for netfx is no different than doing a movie anywhere else. >> charlie, you're sitting ne to an ace director over here, won the oscar. directing is something you want to do, too, >> at some point. ben was really generous i made my business to grill him asch a

we've heard it from netflix. what do you think turns the tide and how painful has this been for you? >> hasn't been painful at all. it's a question of when you put the short on netflix actually was one of our best profit generators last year on the short side. but a lot of this is timing. we weren't short netflix on december 24th. the only stock we were short on december 24th was, i think, verizon. we just put this on very, very recently so some of this is, again, how you are matching this up for us, on netflix, it may be like apple apple people have blind optimism up until about october and then the stock came unglued if you look at netflix it may be the same situation where you'll have to wait until you get closer to disney launching, to warner media launching, to, you know, later this year to apple putting out their streaming service, which i don't think is going to be particularly good, but, anyway -- >> no. >> looking at that, and it may take that to slow down the momentum in that name. for me, i like compan

here's the big issue with netflix right now. you can say, oh, that price increase went really well and don't worry. they lost $3 billion in free cash flow last year and guided just a couple months ago to lose another $3 billion at some point if we are getting to the end of a cycle especially with all this competition, this stock will not be able to levitate. >> the stock is basically flat year over year nothing, nothing, with a lot of volatility. >>> coming up, the ceo of taketwo says e-sports are about to get bigger and bigger and better than ever we'll tell you why he says we're nowhere close to reaching peak gaming we're live from times square in new york city tonight. there is much more "fast money" right after this >>> we're pack on "fast money. game on is a competitive video game league. it had its second draft at the barclay center in brooklyn 74 men, 1 woman joined teams to live a life some now dream of, playing video games professionally as e-sports athletes with us now the man, the myth and the gaming legend himself. t

price action in netflix, not a netflix killer but apple is not a -- >> it will be included so apple will be included on roku's platform. >> guy, what do you think, credit card, the tv, the credit card -- >> welcome it's great to have you here. >> you're always welcoming >> welcome back. let's get those pleasantries out of the way. >> it's nice. >> listen -- >> back to the matter at hand. >> it was a pretty interesting announcement getting away from the hardware side and think it's interesting. credit card, people will say, not a big deal for a lot of millennials it might be they're working on that install base without question. in terms of the stock, though, all-time high 232 or so in september. traded down to 1 -- what was it 142-ish on december 24th if you look at the 50% retracement puts you exactly where it's trading right now i happen to watch the "squawk box" with joe kernen he interviewed jim cramer. not that i'm trying to curry favor with jim, jim was dismayed it was higher in the premarket saying it was perfect to sell off. he was right i think it backs offer not to spas aspersi

it begs the question, can apple take on netflix when it comes to content? >> and cupertino the only thing missing was a red cropper it, carpet. >> i am happy to provide the manliness. >> steven spielberg and oprah, yes, oprah. >> does this mean you're running for president? >> no products to announce a date. it was all about apple services. apple news is expanding to include 300 magazines with a $10 per month subscription. an apple arcade with more than 100 games for an unspecified monthly fee. stealing the show, the shock and awe campaign marking the moment of the company crossing over with content delivery to content creation. she covers digital media and says netflix is spending $15 billion this year alone on content creation. with the launch of apple tv plus, 30 to 40 actors producers have signed on and the demand for high quality is sky high. there are companies for so much money like netflix and amazon with gigantic billfold so open up and shower on these creators. it is a great trying to be a hollywood creator right now. >> there has never been a mom

plus, ask about 4k ultra hd and packages that include netflix. click, call or visit a store today. >>> 11:13 i your time this morning. now to decision 2020. kirsten gillibrand madof her ru cial with a new campaign video over the weekend. >> will brave win? >> will brave win? >> gillibrand seizing there on the word brave. in the video she calls for universal health care and a green new deal. she asks supporters to meet next sunday for a rly outside trump tower in manhattan. so still not in the race former vice president joe biden. pot he at a fund-raising dinner in delaware and a slipthf tongue brought the crowd to its enet. let's li >> i have the most progressivebo record of a running for the -- anybody who would run. [ cheers and applause ] >> i didn't mean it. of be anybody who would run. >> a definite announcement is expected around early to mid april. somes insid have said biden is certain he will run. >> beto o'rourke raised $6.1 million in his first nd-raising campaign. here to talk abo the fund-raising race is mark murray. thanks for joini

it begs the question, can apple compete with netflix? >> reporter: the only thing missing was the red carpet. the shock and awe campaign of hollywood a listers and apple parked marked the moment they crossed over to content creation . >> this is the most are power i've ever seen at any tech event in silicon valley. >> reporter: apple tv plus combined with a magazine subscription, apple credit card and the arcade game subscription. >> this is all about new revenue for apple. >> reporter: the longtime analyst says the company rakes in $50 billion per year in services alone. >> we believe it will double in the next three years. just from services alone. >> apple wants to be a dizzy like family friend to your brand. >> reporter: netflix is spending $15 billion this year alone on content to give artist creative freedom. >> netflix loves to tout how their creed eight of and hands- off. they are endowing these creators to realize a vision of the run. we are getting a sense that apple's tendency to be a secretive and controlling company might be

stay with us on bbc news, still to come: taking on netflix. apple enters the tv streaming market with an all—star cast. let there be no more war or bloodshed between arabs and israelis. very good. applause so proud of both of you. applause with great regret, the committee have decided that south africa should be excluded from the 1970 competition. chants streaking across the sky, the white—hot wreckage from mir drew gasps from onlookers on fiji. onlooker: wow! this is bbc news, the latest headlines: british mps have voted to take control of the parliamentary agenda on brexit — they're now expected to hold a series of indicative votes on what to do next. after israeli airstrikes across gaza, palestinian militants have retaliated, firing a barrage of rockets into israel. cardiff city football club is arguing that the deal they signed for the striker, emiliano sala, wasn't legally binding. the footballer died in a plane crash in the english channel injanuary. cardiff is refusing to make payments towards the fifteen—million pound transfer

roma produced by netflix was nominated for ten awards. los gatos based company called itself a platform for all film makers to share their work and spielberg has yet to respond to that. >> are you missing your parrot? a police department has it. we'll show you next. >> san what's better than having fast, reliable wifi with coverage throughout your home? how about having internet that can help you save on wireless phone service? xfinity gives you the fastest speeds for all your devices. plus, now that xfinity mobile is included, you can switch your wireless carrier and save hundreds of dollars a year. talk and text as much as much as you want and only pay for data. now that's simple, easy, awesome. click, call or visit a store today. much equity san jose >>> tonight at nbers jose homeowners have gained in just the past ten years. that story and more tonight in our 6:00 newscast. >> a lost little parrot needs your help getting back home. firefighters in milpitas rescued the scared bird over the weekend after it was stuck in a tree. police s

who is going to supplant netflix? none of these competitors are really in the position to do that. >> but yet that also ignores where netflix was. depends what your time frame is. from the december lows, yes, it's come a long way but it's still not at the old highs so when mike wilson talks about alphabet, you know what i'm saying, the stock is not back up to where it was. >> hold your thought i havebreaking news regarding paul manafort and sue has that. >> we do have a verdict in terms of the sentencing of paul manafort president trump's former campaign chair, judge amy berman jackson had some very harsh comments about mr. manafort and she has just sentenced him on the first count to 60 months on the first count and 30 months to run concurrent with the virginia case the judge imposes a sentence of 13 months on manafort for the second count to be served consecutively. if you will recall just a week ago mr. manafort by judge ellis was sentenced to 47 months in jail net/net what this means is his total sentence between

netflix ceo saying we prefer to let our customers watch our content on our service netflix shares up changed. up by -- >> let's get a quick check >> joining me now. >> does this mean that with everything on balance that we have a little bit more constructive for our useers and more cautious. >> well, you know, i'll just take a step back and say at the end of the year i thought it was overdone we did get bullish i thought the fed was going to change to me the slower that we saw, it was largely fueled on what i characterize as a miscommunication by chairman powell around the production of the balance sheet. soon thereafter they reversed that i think most of the catalysts are from europe, and i am adopting a daushs stance we're placing something like a goldilocks on the market we're seeing on the funlts side when it comes to growth globally as well as -- >> okay. take us through this cautious thesis then. what exactly are you watching right now to see whether or not that caution is warranted or whether or not that kauks is just a way for perhaps people to get into the market and make wa

netflix is not going to help them. the only way i can see them working together is if apple went to the extreme move of trying to buy netflix which some analysts have suggested. lauren: john schwartz, you are a wealth of information. thank you very much. so we just showed you netflix and apple stock, both down, as is, look at this, the dow jones industrial average is down 81 points. it is sinking as we get closer to the closing bell. less than 15 minutes from now. a five-day winning streak now certainly in jeopardy. >>> boeing is a big reason for the declines for the market today. boei boeing's ceo looking to regain control of the message that dennis mulenberg is sending to reassure investors and fix any problems with its 737 max jets that may have contributed to two deadly air disasters. we will have a live report for you just ahead. >>> don't forget to watch me and cheryl casone every weekday at 5:00 a.m. we'll be right back. lauren: let's get to some breaking news. sources are revealing that steve dixon is the white

it's already being nicknamed the netflix of gaming. google also introduced its own game controller for console-like gaming on a computer or smartphone though much remains to be seen how well this will work. i spoke with google vice president following the announcement. take a listen. >> we see it as the new generation of game platforms. that combine the world of watching games and playing games into one seamless experience. this has been perfect for the 21st century powered by the amazing technology that only google can bring to bear. emily: but can only google bring certain kinds of content? will this have exclusive content? >> yes. we formed -- we announced today the formation of games and entertainment which is google's first party games development studio. and we are working with developers to create games exclusively for it all around the world right now. we've already shipped hundreds of development tools to leading studios and they're hard at work creating games for the platform. emily: will you also be licensing content, gaming

successful is on netflix is she's a. it's a sort of romantic small little story it's about a man who's trying to find a young man is trying to find a wife. but he falls in love with a widow widower and she is viewed by the orthodox community as being damaged goods we have a small clip we take a look. if you can be sure. i don't know some sort of. i don't know if you would one machine. rather go. there but i don't. think it is going to believe. it because you pursue. the crucial issue to it so hard. to live with they leave you to move. with their lives you. know didn't ship and you know all of us who are you going tomorrow to but that will take. my question to trial. that's another example is really serious writing what you know because i mean that series and all the other orthodox set shows in israel are written and created by people from the orthodox community so it's not a view from the outside it's really from with inside this very sort of hidden hidden world community that most israelis don't they are only as they se