Live in the NASAC market site in the heart of New York City's Times Square, this is Fast Money.

Here's what's on tap tonight.

Netflix gets chilled.

Shares dropping sharply after its latest earnings numbers.

We'll dig into the details and get all the details on the streaming landscape and GM revs

up.

The automaker shares at their highest since emerging from bankruptcy 15 years ago. What's behind the move and is there more room to run? Plus Gold's record rally, it's a brick wall. Alphabet shares drop on a new challenge from Open AI and Halliburton in rally mode. What had the oil services stock jumping today? I'm Melissa Lee, come to you Lock from Studio B at the NASDAQ on the desk tonight.

C. Grasso, Karen Feinman, Bono and Ison, and Guy Azami. We start off with an earnings alert

on Netflix share sinking, not about 5% after earnings came in well below estimates,

though revenues were in line with Wall Street's expectations. The conference call kicked off

in just the last hour. Julia Vorson joins us with the details here.

Julia.

Well, Melissa, a lot of enthusiastic comments about the impact of K-pop demon hunters,

but shares are falling on disappointing EPS and margins due to an ongoing dispute with Brazilian tax authorities,

which the company says they do not expect to materially impact future results.

Now, Netflix focusing in his letter to shareholders and on the call on healthy engagement, its

highest quarterly share of viewing in the U.S. and UK, and saying that Netflix recorded its best

ad sales quarter ever, saying they're on track to double ads revenue this year. They're also bullish about AI in the face of concerns about copyright infringement and infringement on intellectual property rights,

saying, quote, we believe generative AI presents a significant opportunity for us to deliver benefits to our members,

creators and businesses. Going on to say

we're empowering creators with a broad set of Gen AI tools to help them achieve their visions

in the letter to shareholders noting how Happy Gilmore 2 in a series used Gen AI. They also say

...