Netflix’s Bumpy Ride & Buy Now, Pay Later Debt 6/3/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 June 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Netflix’s volatility continues; despite a bounce in share price this week, the stock is down 66% this year. Gene Munster, Loup founder, discusses his firm’s “higher risk, higher reward” investment in the streaming platform and why it’s important to get its ad model right. Consumers have taken on a lot of credit card debt this year, and CNBC’s Senior Personal Finance Correspondent Sharon Epperson breaks down the booming buy now, pay later debt. Plus, Tesla is cutting staff, and crypto firms like Gemini and Coinbase are preparing their teams for a “crypto winter.” In this episode: Sharon Epperson: @sharon_epperson Gene Munster: @munster_gene Becky Quick, @BeckyQuick Brian Sullivan, @SullyCNBC Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi there, I'm C.N.C. producer Cameron Costa.
0:07.0	Today on Squack-Pod, Netflix stock back from the dead?
0:11.0	A bounce this week is giving some investors hope, but analyst
0:15.0	Jean Munster says there are still a lot of factors at play.
0:18.8	It is clear Netflix is not growing their subs. They ultimately need to get this ad model to work for the stock to work.
0:26.0	And buy now, pay later, and watch your debt sky rocket.
0:31.0	Consumer debt is up and so are companies like a firm and
0:34.5	Clarna, the connection, the consumer credit, and the costs. This could be a
0:39.1	minefield for a lot of younger people. Next thing you know you got $400 a month
0:42.3	and bills that you can't afford.
0:44.0	Those stories plus hiring on pause at Tesla, Gemini, and coin base, and the EU has finally tackled one
0:52.2	longstanding issue in its block.
0:54.2	All European charging needs may soon be solved.
0:57.4	It's a real story.
0:58.4	Are you kidding?
0:59.4	I know.
1:00.4	Priorities people.
1:01.4	It's the EU.
1:02.4	It's Friday June 3rd, 2022 and Squack Pod begins right now.
1:07.0	Stand Becky by in three, two, one, fuel break.
1:12.0	Good morning everybody.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.