Are the Bank of Japan and Netflix Disasters in Progress?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 21 April 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the Bank of Japan brewing up a Netflix-blockbuster-level disaster with its dogged adherence to “yield curve control”? Is Netflix itself a blockbuster-level disaster with its declining subscriber numbers? The U.S. dollar hit a 20-year high against the Japanese yen, as the Bank of Japan announced it would buy an unlimited amount of fixed-rate 10-year Japanese government bonds at 0.25% from April 21 through April 26. And shares of the pandemic-era stock market darling plunged 37% today after management reported a 200,000 decline in paying customers during its most recent quarter. The BoJ is desperate to hold interest rates down as other global central banks push for tighter monetary conditions. Netflix is desperate to boost revenue growth; it’ll crack down on password-sharing and consider a lower-priced ad-supported tier. Darius Dale, founder and CEO of 42 Macro, joins Real Vision’s Weston Nakamura to talk about Japan, Netflix, and markets in general on today’s Daily Briefing. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3vwOfG3 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello, everyone. Welcome to the real vision daily briefing. It is April 20th, 2022. My name is Weston,
0:12.5	Akamura. And I have the distinct pleasure of bringing back to real vision, Mr. Darius,
0:18.9	Dale of 42 macro. How are you, Darius? I'm wonderful, Weston. The pleasure is all mine, my friend.
0:24.4	You've been killing it on the shin analysis, man. Let's keep it going.
0:27.8	Yeah, so we joke around about every time the pan blows up, you and I end up on a daily briefing.
0:35.1	It's really not like a joke anymore. It's really what happens this is happening.
0:40.0	Well, I actually called Karota yesterday to make sure we had some comments to get things cooked up
0:46.8	today for you. Okay, so that's what's doing it. Okay, I got you now. Well, thanks for doing that.
0:52.4	Let me just run through the markets. So usually what I do, you know, I mean, as a trader,
0:58.0	as a global trader, I just go through like, you know, global markets process. This is very,
1:01.6	very quickly. So Asia equities mix today, you know, led by Japan, Taiwan, closing up just about
1:07.7	1% of the green Aussie spy career reflect, Hanksang down a half percent, Hanksang tech got killed today.
1:14.8	Europe, and we'll get to Japan in a moment. But Europe closed strong, you know, German decks,
1:21.2	France, CAC 40 was up about, you know, one and a half percent, 1.4% respectively, Euro stocks 50,
1:26.9	1.75 led by tech, interesting giving that the US intraday tech picture at the time of European
1:32.2	closed was, you know, down with a Netflix bloodbath, which we'll get into as well. But also in Europe,
1:40.8	we saw strong strength led by some financials, despite slight bid for, you know, EU sovereign bonds,
1:46.4	10-year German boon yield was down as well as Italian BTPs, UK guilds. And then over to the US,
1:52.4	US, we have markets that are S&P's largely flat, big divergence, however, with the Nasdaq down
1:59.2	over a percent. And again, this was from Netflix. Netflix, let's just get into that real quick.
2:08.0	So there is, you have been apparently sharing your password with too many people. So much so
2:15.0	that Netflix had its worst, I believe it's its worst day on record, on massive, massive volume.
	...

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