Fast money starts right now.

I'm from the NASDAQ market plate overlooking New York City of Times Square.

I'm Melissa Lee.

Traders on the desk are Mark Tepper, Brian Kelly, Karen Feinerman, and Steve Grasso.

We start off with the big after hours action Netflix

IBM eBay all on the move as our conference calls get underway.

We've got full team coverage on Netflix.

Less than an hour to go until its call.

Gene Munster is getting ready to fire up the red phone in

Minneapolis. Mark Newton is here to break down the after-hours moves on the

charts. We start off with the big move. The stock is at the after-hours session

low shares plunging double digits after adding just 2.7 the after

hour session low shares plunging double digits after adding just 2.7 million

subscribers the lowest amount in three years.

So are the best days behind this stock?

Steve Grosso. No, don't I don't think so and bespoke Paul

Hickey was on he said a great thing about seasonality on this the second

quarter is always a little bit tough it gets a little bit better going into year end so I think if you're a Netflix bull, this really

hits you in the gut, but longer term I think you can stay long.

That's really looking at the glass half pole isn't. I mean 2.77 but 2.7 million versus 5 million.

It's the first drop in US page subscribers ever.

You could argue you could argue that okay fine Wall Street got ahead of itself and was expecting 5 million they came at 2.7 million international

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