19 min listen
SQUAWK BOX, WEDNESDAY 20TH APRIL, 2022
ratings:
Length:
25 minutes
Released:
Apr 20, 2022
Format:
Podcast episode
Description
Streaming giant Netflix suffers its first subscriber loss in more than a decade as consumers cut back on entertainment and the company forecasts worse to come. CEO Reed Hastings has suggested a cheaper advert-supported plan now “makes a lot of sense”. In banking news, Swiss lender Credit Suisse warns it will take a CHF200m hit in the first quarter through exposure to the war in Ukraine while also increasing its loan loss provisions from its latest string of scandals. Meanwhile, the IMF slashes its global outlook and warns of risks to financial systems. The fund’s Tobias Adrian tells CNBC that the Fed must act “aggressively” to tame spiraling inflation. And U.S. markets lead Asian equities into the green with bank and tech stocks and recovering oil prices fuelling the gains. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 20, 2022
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, TUESDAY 12th MARCH, 2019 by Squawk Box Europe Express