Netflix Weathers Hollywood Strikes, For Now

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 20 July 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for July 20. Netflix sees strong subscriber growth after cracking down on password sharing. But WSJ columnist Dan Gallagher says investors are concerned about the outlook, as labor strikes in Hollywood hit the streamer’s production pipeline. Plus, Tesla profits top estimates as lower vehicle prices offset economic headwinds. And U.S. violent crime drops as car thefts soar. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The Journal's Tech Live is returning to Laguna Beach, October 16th through the 18th.
0:04.8	Be part of an invitation-only group of Tech's top players and enjoy our exclusive rates.
0:10.1	Request your invitation today at WSJ.com.
0:14.1	Slash Tech Live Podcast.
0:21.9	Tesla's profits surge even as Elon Musk warns afresh EV price cuts.
0:27.8	Plus, Netflix shares slide as Hollywood labor strikes cloud its outlook.
0:32.6	They added about 1.5 billion to their free cash flow target for this year,
0:37.1	and that was because they're going to be spending less on content
0:40.2	because so many productions are shut down.
0:42.5	And a wave of violent crime in the US begins to recede.
0:47.2	It's Thursday, July 20th.
0:49.2	I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,
0:54.2	the Top Headlines, and Business Stories, Moving Your World Today.
1:03.0	Foreign companies are emerging as the biggest winners of last year's US climate law,
1:08.2	of the nearly 110 billion dollars in American clean energy projects
1:12.5	that were spurred by the Inflation Reduction Act,
1:15.1	companies based overseas are involved in projects that account for more than 60% of that spending.
1:21.8	That is according to a Wall Street Journal analysis,
1:24.4	which suggests that the US needs overseas expertise
1:27.9	as it seeks to build domestic supply chains.
1:31.2	Overseas manufacturers largely based in South Korea, Japan and China,
1:36.2	are able to claim billions in tax credits,
	...

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