YOU GET MY POINT.
IT’S AN IMPORTANT NETWORK TO
WATCH AND KATRINA IS A IMPORTANT
PERSON TO FOLLOW.
AS IS THIS NEXT FELLOW.
CHARLIE GASPARINO.
THE BEST BUSINESS REPORTER ON
THE PLANET.
I’VE SAID THAT ONCE OR TWICE.
>> KEEP SAYING IT.
>> Neil: I WILL.
THE CHECK SHOULD BE IN THE MAIL.
CHARLIE, I WAS THINKING OF YOU
WITH THE NETFLIX NUMBERS OUT.
THEY WERE BETTER --
>> A LOT BETTER THAN EXPECTED.
>> Neil: THEY HAVE A TWO-TIERED
SERVICE TO WIN PEOPLE BACK FOR
PEOPLE LIKE YOU THAT DON’T WANT
TO PAY AS MUCH.
BUT YOU GET ADVERTISING.
IT’S A FLIP.
WHAT DO YOU MAKE OF IT ALL?
>> LISTEN, PEOPLE ARE STILL
TRYING TO FIGURE OUT HOW TO MAKE
STREAMING WORK.
THIS IS A GOOD NUMBER.
PEOPLE ARE GETTING IT’S DOWN.
THIS IS A BUSINESS THAT IS IN
TRANSITION.
EVERY MAJOR MEDIA COMPANY IS
LOOKING TO CATCH NETFLIX.
NETFLIX HAD A DROUGHT THERE
WHERE PEOPLE QUESTIONED THE
BUSINESS MODEL.
LOOKS LIKE THEY FIGURED IT OUT.
YOU DON’T WANT TO SAY
DEFINITELY.
I’LL SAY IF YOU GO INTO A
RECESSION, ALL BETS ARE OFF.
THE AD MODEL WAS INTERESTING.
IT SEEMS LIKE THAT IS A GOOD
PLAY IF YOU THINK YOU’RE GOING
INTO A RECESSION.
>> IT’S CHEAPER.
YOU DO HAVE TO WATCH THE ADS.
THAT’S WHAT THEY’RE DOING.
SO MAYBE THAT’S THE RECESSIONARY
PLAY ON NETFLIX.
THE BOTTOM LINE IS WE’RE GOING
TO A RECESSION.
I’LL SAY SOMETHING THAT YOUR
LAST GUEST SAID, THE FED IS NOT
DOING SOMETHING GOOD FOR
AMERICA.
AMERICANS ARE BEING PRICED OUT
OF THE HOUSING MARKET.
IF YOU SAW WHAT PRICES ARE LIKE
IN PLACES LIKE CHARLESTON, NORTH
AND SOUTH CAROLINA, AUSTIN,
TEXAS, ONLY MILLIONAIRES CAN
AFFORD THESE THINGS.
SO WE HAVE BUBBLES IN STOCKS, WE
HAVE A BUBBLE IN HOUSING.
>> Neil: IS THE THIS BUBBLE IN
NETFLIX, THAT’S WHAT SOME TERMED
IT THROUGH THE HEIGHT OF PEOPLE
IN THEIR HOMES AND STREAMING
STUFF AND ALL.
COULD THIS BE THE FIRST SIGN
THAT THE BEATING OF THESE ISSUES
THAT WERE SORT OF METAPHORS FOR
THE WHOLE, YOU KNOW, STAY IN
YOUR HOME THING ARE BACK OR
COULD BE COMING BACK OR THROUGH
THE WORST?
>> YES.
I HATE TO MAKE ONE EARNINGS
REPORT TO BE THE STANDARD
BEARER.
>> Neil: UNDERSTAND.
IF I CAN REPLAY THE TAPE, IT’S
NOT --
>> NETFLIX IS HOME-FREE.
IT’S OBVIOUSLY NOT.
THIS IS A GOOD NUMBER.
IT DOES SHOW THAT THEY CAN
SURVIVE AND MAYBE THRIVE IN A
NONLOCKDOWN ENVIRONMENT.
I THINK IT ALSO SHOWS THAT, YOU
KNOW, SOME MOVIES ARE GOOD IN
THE THEATER.
MOST PEOPLE WANT TO STAY HOME.
THEATER EXPERIENCE IS JUST NOT
SO GREAT.
YOU CAN GET YOUR OWN POPCORN AND
SIT IN FRONT OF YOUR TV.
THAT’S WHAT THEY OFFER.
>> Neil: YOU’RE ANTI-SOCIAL.
I LIKE THE THEATER EXPERIENCE.
>> THAT’S TRUE.
>> Neil: YOU’RE UNUSUAL.
>> I HATE THE FACT WHEN I’M IN
THE THEATER, PEOPLE ARE TALKING.
YOU KNOW, YOU SEE THEM LOOK ON
THEIR PHONES.
USUALLY ME.
I HATE IT WHEN OTHER PEOPLE TO
IT.
THAT’S MY PROBLEM.
GOING TO THE THEATER.
>> Neil: ONE OF MANY.
>> THERE’S SOME MOVIES THAT YOU
CANNOT WATCH ON YOUR TV SET.
IT’S UNWATCHABLE.
I WATCHED TOP GUN ON MY TV SET.
IT WAS HORRIBLE.
I HEARD IN THE MOVIES IT WAS
FAST MOVING, BIG, WONDERFUL.
>> YOU TRY WATCHING THE HISTORY
CHANNEL ON THE -- I DID GUESS.
>> LOOK AT THE TIME.
WE HAVE TO GO.
>> Neil: AS CHARLIE POINTED OUT,
ONE STOCK IS NOT A REVERSAL OF A
TREND.
A LOT OF PEOPLE WORRIED ABOUT
THE STOCKS IN AFTER MARKETS
TRADING.
IT DOESN’T HELP ONE PLAY-TO THE
OTHER, FROM AN AMAZON OR A