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CNBC's "Fast Money"

Fast Money 07/16/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 16 July 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

Click on a timestamp to play from that location

0:00.0

Fast Money starts right now.

0:02.8

Live from the Nasak market site overlooking New York City's Times Square.

0:05.8

I'm Melissa Lee.

0:06.8

Traders on the desk are Tim Seymour, Karen Feinerman, David Seaberg and Guy Dami.

0:10.1

Tonight on Fast Banks breaking out. Financials be best performing sector today as earnings are underway and after you hear with the Citigroup CEO just said on closing bell, you might be buying too.

0:21.0

We will explain, plus new cryptos could be coming to a coin base near you as

0:25.2

the company announces plans to diversify its platform. The man driving those changes,

0:29.4

Adam White, will be here to tell us which ones could make the cut but first we start off with

0:33.6

Netflix and ill get it not Netflix and chill Netflix and ill the stock

0:38.1

was not absolutely crushed that's for a later time time after hours yes you heard correctly the laws of

0:44.1

gravity suddenly being applied to one of the hottest stocks in the market

0:47.4

following a big miss and subscriber expectations let's get straight to

0:50.8

Julia Borsen with all the details. Hi Julia.

0:53.8

Melissa, that's right.

0:54.8

Netflix is all important subscriber growth falling short of estimates.

0:58.2

This sending shares plummeting in after hours trading the stock now down over 13%. The company added 5.15 million

1:06.0

subscribers in the quarter. That's more than a million short of the 6.2 million

1:11.1

that the company itself projected that it would add.

1:13.6

This shortfall coming from both the US and overseas.

1:17.2

Netflix also forecasting lighter subscriber growth

1:19.7

in Q3 than expected.

1:21.8

Netflix saying they looked at about 5 million new subscribers in Q3 versus the 6 million

...

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