All right, Mike, thank you very much and welcome everybody to overtime.

I'm Scott Wachner, you just heard the bells.

We are just getting started from Post-9 here at the New York Stock Exchange,

and it is about to get real because we are mere seconds away now.

From the first fang earnings report of the season, Netflix about to hit the tape,

we're going to get you the numbers and the stock move as it happens.

The stakes, as you know know could not be higher.

Given that stock's big bounce back in the NASDAQ's nice jump to start 2023.

Our Julia Borsen is standing by. We are going to go to her in just a few moments and we keep our eyes peeled on that chart.

We begin though with our talk of the tape, the early year rally, whether it is out of gas,

let's ask Adam Parker, he's the founder and CEO of Trivariate research and a

CNBC contributor. It's good to see you here at post-9. We're going to get to the

market more broadly in a minute. But what do you think is riding on this now?

The first Fang report,

Nasdak's had a nice move to start the year.

Yeah, look, there's been some bellwethers reporting and people have been

asking about proctoring game, you know, things that have a broader reach and I think Netflix is one of them, people understand

consumer health.

You know, but I think the expectations are not that low, so we'll see because...

Not anymore, because the stock's up like 30% since the last earnings report.

And maybe 60 cents lows and maybe trades at 75 times 2023 cash flow.

And so there's the part, you know, people need to believe this is not what they thought a year ago was kind of a work

...