meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: Exclusive with Netflix’s Co-CEO Ted Sarandos; Making Sense of Tech Weakness 2/17/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 17 February 2026

⏱️ 44 minutes

🧾️ Download transcript

Summary

Gene Munster, Managing Partner at Deepwater Asset Management, breaks down Amazon’s recent slide, growing concerns flagged in the latest Bank of America investor survey, and what could stabilize — or further pressure — the sector. Paul Hickey, Co-Founder of Bespoke Investment Group, analyzes the broader market setup and where leadership may rotate next as earnings continue to roll in. Netflix Co-CEO Ted Sarandos on why Netflix is allowing Paramount a seven-day window to negotiate again.

Transcript

Click on a timestamp to play from that location

0:00.0

The bells bring it in to the trading day at the NYSC Reckner Capital Management doing the honors and at the NASDAQ, Tennessee Capital Investment.

0:11.0

Welcome to closing bell overtime, live from Studio B at the NASDAQ market site. I'm Mike Santoli. Melissa Lee is off today.

0:18.0

Stock's closing mostly flat, more on the markets just ahead.

0:23.0

A big interview coming up later in the hour.

0:25.5

Netflix co-CEO Ted Sarandos joins us.

0:28.4

Has the company grants Warner Brothers Discovery a seven-day waiver

0:31.4

to reopen deal talks with Paramount.

0:34.0

Netflix has been hit hard recently,

0:35.9

those shares off 30% in the past three months.

0:39.2

But first, let's dive into today's moves in stocks and commodities with Sima Modi and Pippa

0:43.7

Stevens. So Seema, I mean, the Bulls and the Bears kind of traded the lead today,

0:48.2

finished in about a tie. Yeah, a nice pickup at the end. Five of the 11 S&P sectors, Mike,

0:53.4

trading in positive territory,

0:54.8

led by the financials. We saw J.P. Morgan gain about 1% on the day, just as the 10-year treasury

1:01.1

yield remains firmly above 4%. Elsewhere, we saw Nike and American Express, the two best-performing

1:08.1

stocks in the Dow, not to mention Apple, rising 3% on the day after announcing a special event in March.

1:13.6

These were the three best performing names across the Dow.

1:16.6

Investors seem to feel better in general about the consumer following that read on inflation that we got late last week.

1:23.6

Travel and leisure stocks outperforming, Marriott, Airbnb, Carnival, all closing in the green.

1:29.2

Within technology, while the NASDAQ turned green midday, the pressure on software did not abate

1:34.5

following yet another update from Anthropic that amplified those competition fears.

1:40.1

The weakness in cybersecurity stocks was notable ahead of Paula Alto Network's results, which are due any moment now.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.