Here are the key news, trends and analyzes that investors need to start their trading day:
1. If Nasdaq goes down, Netflix shares the slide
A trader works on the floor of the New York Stock Exchange.
NYSE
2. Netflix reports dramatic slowdown in subscribers
Movement outside the Netflix office building on Sunset Boulevard in Los Angeles, California, on Monday, April 19, 2021.
Bing Guan | Bloomberg | Getty Images
Netflix blames the slowdown in subscriber growth for delaying pandemics in some of its big name programs and movies. In the first quarter, the global paid net subscription increase amounted to 3.98 million, compared to estimates for 6.2 million. Netflix said Tuesday it expects to add only about 1 million subscribers in the current quarter. The company does not believe that greater competition from Disney + and Hulu, AT & T’s HBO Max, Apple TV +, Amazon Prime and Comcast’s Peacock plays a role in the weak number of subscribers. Earnings per share in the first quarter outperformed forecasts, while earnings slightly exceeded analysts’ expectations.
With the latest vaccine milestone pushing Biden shots for all
US President Joe Biden will hold a bipartisan meeting on the US Jobs Plan in the White House in Washington, USA, April 19, 2021.
Kevin Lemarque | Reuters
President Joe Biden will on Wednesday reflect on his efforts to expand the distribution and access of Covid vaccines in his first three months in the White House. According to the CDC, the US has been given more than 200 million doses that the president wanted to reach before his 100th day next week in office. More than 50% of American adults received at least one dose, including a third who were fully vaccinated. As everyone aged 16 and over is eligible, Biden is expected to outline his plans to further increase vaccination rates.
4. J&J resumes its Covid vaccine development in Europe
Johnson & Johnson’s Janssen COVID-19 vaccine will be stored on March 09, 2021 in Chicago, Illinois, for use by United Airlines employees at United’s Clinic at O’Hare International Airport.
Scott Olson | Getty Images
Johnson & Johnson said they would resume their Covid vaccine in Europe after regulators there said the benefits outweighed the risk of unusual but serious blood clots. The European Medicines Agency on Tuesday recommended adding a warning about possible low-platelet coagulation problems. The J&J vaccination was suspended in the US after six women had a rare blood clotting disorder. One woman is dead and another in critical condition. The CDC’s immunization advisory panel will make its recommendation on J & J’s one-vaccine on Friday.
5. Sanders reveals free university bill and wants Wall Street to pay for it
Senator Bernie Sanders, an independent from Vermont and chairman of the Senate Budget Committee, speaks at a hearing in Washington, DC, USA, on Wednesday, March 17, 2021.
Samuel Corum | Bloomberg | Getty Images
Sen. Bernie Sanders, I-Vt., And Rep. Pramila Jayapal, D-Wash., On Wednesday introduced the College for All Plan, legislation that would make a college education for millions free and provide extra support to those in the working class. families visiting minority institutions. The bill, as in previous plans, proposes that the government help pay for it by imposing a tax on financial transactions on Wall Street. No word on whether Biden supports this bill, but he generally wants to reduce the burden on university costs. As a candidate, he expressed support for the general idea of a tax on financial transactions, but offered no details.
– Associated Press and Reuters contributed to this report. Follow all the market actions like a pro CNBC Pro. Get the latest pandemic information with CNBC’s coronavirus coverage.
Disclosure: Comcast is the owner of NBCUniversal, CNBC’s parent company.