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The Home Depot, Inc.
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ET's Rachel Smith sat down with Perry to talk about his Netflix film. 'A Fall From Grace' begins streaming Jan. 17 on Netflix.
Futures: Earnings season is the the next test for the hot stock market rally. Netflix and Texas Instruments earnings are due Tuesday night.
Netflix is set to report its Q4 fiscal 2019 earnings results after the closing bell on Tuesday, January 21. The streaming TV giant's stock price has climbed over the last several months but Wall Street is worried about Netflix's growing competition...
Signet Jewelers, Urban Outfitters, Smile Direct and Align Technology highlighted as Zacks Bull and Bear of the Day
World stocks traded just below record highs on Monday, pausing ahead of this week's central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields. European equity markets were lower, while U.S. stock futures dipped , with the Martin Luther King Jr. holiday in the United States meaning subdued trading activity. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25% on Monday after rising to its highest since June 2018.
The collaboration with Louis-Dreyfus is likely to provide an impetus to Apple's (AAPL) original content expansion strategy to penetrate the increasingly crowded streaming space.
(Bloomberg Opinion) -- When he lands in Davos, Switzerland, for the World Economic Forum, Brazilian Economy Minister Paulo Guedes is expected to tell the captains of global enterprise that the worst is over for Latin America’s signature economy and that God, once again, is Brazilian. The problem is what some Brazilians are doing in His name.Ask the guys at Porta dos Fundos, the irreverent comedians who released a Yuletide parody on Netflix featuring a gay Jesus. They saw their Rio de Janeiro studios firebombed on Christmas Eve by a gang claiming to have heard the call of the Lord. Now they can’t go anywhere without 24-hour armed guard.Such violent choler is odd in Brazil and unheard of since the return of democracy 34 years ago. But with the economy torpid and politics polarized, the conviviality and tolerance Brazilians once took pride in are crumbling. The revanchist political establishment now in charge has emboldened the general fury, too often through shameless appeals to the most obscurantist doctrine.This shifting sentiment has placed some of Brazil’s rising Protestant evangelicals on the front lines of the culture wars. With little use for the identity politics and rainbow sensibilities of the liberal order, ambitious pastors and their sponsors in public office seem hell-bent on engineering a social collision.“Even in the most conflagrated times, Brazilians always preserved a tradition of mutual tolerance and concord that has kept the national conversation civil and prevented political violence,” said Bolivar Lamounier, director of Augurium, a Sao Paulo political consultancy. “But with the corruption that has destroyed political parties, fringe movements have grown and we’ve lost that attribute.”This dalliance between power and proselytism isn’t entirely new. Ever since the first Portuguese voyagers stuck a cross in the sand five centuries ago, religion and politics have sailed together in Brazil. The republican elite that toppled the Brazilian monarchy in the late 19th century – so, theoretically separating church and state – were devout Positivists. Conservative Catholic bishops drummed up popular support for the 1964 military coup. Yet faith and public policy arguably have never been so deliberately entwined as now, and that’s a big problem.Check in with Guedes’s technocrats. Even as they toiled to fix the fiscal mess that engulfed Brazil in its worst recession since World War II, they were blindsided early this year by President Jair Bolsonaro’s draft executive order to subsidize electricity for religious institutions. Brazil’s fast-talking evangelical preachers, who keep the lights blazing and air-conditioning roaring in their megachurches day and night, were delighted. But a public backlash by taxpayers — who would have been out $7.5 million a year for the so-called “electricity tithe” — forced Bolsonaro to back down.That was just Bolsonaro’s latest sally in his mission to launch faith-based politics, “delouse” (his campaign mantra) public service of godless lefties and replace them with conservative acolytes. Consider his pick for the secretariat for women, children and human rights, Damares Alves, an evangelical preacher, whose doctrinal prescription for stopping the spread of sexually transmitted diseases among youth is abstinence. The job description for the new head of the National Cinema Agency? A good Christian capable of declaiming “200 verses of the bible.” And who will get the nod for the next Supreme Court vacancy? Someone “terribly evangelical,” Bolsonaro assured evangelical lawmakers last year. After all, he added, “we are terribly Christian.”Raised as a Roman Catholic, Bolsonaro has long courted the emerging Protestant hierarchy. In 2016, as he prepared for his presidential run, he was baptized by a Brazilian evangelical pastor in the River Jordan. Religiosity has been central to his political brand. He had no qualms about enlisting heads of evangelical churches to collect the nearly 500,000 signatures required to validate his new political party, Alliance for Brazil.Whether out of conviction or calculation, his conversion resonated with the mostly conservative, family-values defending Brazilian middle classes who have filled the Protestant pews. Evangelicals now represent an estimated 30% of the population. Compare that with self-identified Catholics, once an overwhelming majority, now numbering just 51% of the population. With atheists and non-believers also on the rise, some analysts project a non-Catholic majority this decade.As evangelical congregations have grown, so have their pastors’ ambitions. Neon-lit storefront temples spread like food trucks, especially in poorer neighborhoods where the scarcer Roman Catholic churches and their duller masses have lost allure. Gospel radio is booming. The nation’s second largest broadcaster, Record Network, belongs to Edir Macedo, founder of the aggressive Neo-Pentecostal order, the Universal Church of the Kingdom of God.No respectable politician can hope to win election without the blessing of headline evangelical pastors. Bolsonaro draws his most fervent support from the Bible caucus, a loose coalition of evangelical lawmakers that holds about a fifth (or more, according to the most ardent believers) of the national congress.Yet what evangelicals as a group want is less clear. Though often conflated with the Brazilian right wing, evangelicals represent many churches and a broad political spectrum. Consider former presidential hopeful Marina Silva, a soft socialist and former environment minister, who clashed with Bolsonaro for his misogynist cant during the 2018 election and branded him an environmental predator. Many mainstream Protestants also look askance at Bolsonaro’s pro-gun policies, his sometimes scatological outbursts and his two divorces.In that respect, evangelicals may not be so much the vanguard of Brazil’s new conservatism as its most visible symptom. “The evangelical churches have moved to the right just as Brazilian society has moved to the right,” Edin Sued Abumanssur, who studies the sociology of religion at Sao Paulo’s Catholic University, told me.Still, evangelical leaders see something more in Bolsonaro’s rise — a chance to enhance their cachet. “They have no overarching vision or project for Brazil, just a generally shared moral sensibility. They want influence, to occupy choice jobs and to convert everyone to the faith,” said Abumanssur. “That leaves them at the mercy of the prevailing political winds, and for the moment, the wind is blowing to the right.”Weather-vane politics may not be all bad. Most churchgoing Brazilians are too busy making ends meet to make holy war, an imperative that could help curb political extremism in the pews and on the street. Bolsonaro’s firing of his special culture secretary, who unleashed a public scandal by paraphrasing Goebbels on social media to the strophes of Wagner, suggests that even provocateurs understand reputation risk. The danger is that bottom-feeding ideologues make things worse by weaponizing religious convictions for partisan gain. Witness the exalted gang of believers who answered last Christmas’s Netflix spoof with Molotov cocktails. “Brazil has men, machos to stand up for Jesus Christ and the Brazilian homeland,” boasted one of the attackers in a video he posted on social media after fleeing to Moscow a step ahead of the police. (One doubtless unintended consequence for the comedy troupe was a windfall in viewers.) Neither Bolsonaro nor Justice Minister Sergio Moro said a word about the criminal attack (although Bolsonaro’s son and closest adviser, Eduardo, called the film “garbage”). Brasilia has yet to demand the extradition of the fugitive arsonist.The extent to which this new incivility will damage Brazil’s international standing is as yet unclear. It may well chill the reception Guedes receives in the politically correct salons of the Davos Congress Center. But for a country struggling with a wan economic recovery, a widening gap between rich and poor, and deepening social fissures, a little ecumenical decorum would help to boost democracy. So would some old-fashioned regard for the boundaries of church and state.To contact the author of this story: Mac Margolis at email@example.comTo contact the editor responsible for this story: James Gibney at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Mac Margolis is a Bloomberg Opinion columnist covering Latin and South America. He was a reporter for Newsweek and is the author of “The Last New World: The Conquest of the Amazon Frontier.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Les Wexner has been the CEO of L Brands, Inc. (NYSE:LB) since 1963. First, this article will compare CEO compensation...
The streaming service will give investors their first look at how its subscriber trends fared in a more competitive environment when it reports fourth-quarter earnings after the bell on Tuesday.
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Emmanuel Macron’s pre-Davos summit for tech executives will hold some goodies for startups.In the third edition of his “Choose France” summit on Monday, timed to catch global CEOs in Paris on their way to the Swiss Alps’ World Economic Forum, the French president will detail measures in his 2020 budget that have improved stock options for startups in France.Macron will also plug a revamped visa regime that will give fast-track papers to tech workers for French or foreign companies and a new benchmark index, the French Tech 120, to promote the nation’s most promising ventures.Snap’s Evan Spiegel, who was given French nationality in 2018, EU digital Commissioner Thierry Breton, Netflix Inc.‘s Reed Hastings, Google’s You Tube CEO Susan Wojcicki, Lime’s Joe Kraus and other leaders from Mexico, Nigeria, Sweden, Turkey and the U.K. will attend the forum in Versailles.Entrepreneurs and executives at some of Europe’s most successful technology startups have been urging local governments to change laws to make employee stock options more attractive, in order to better compete with Silicon Valley. Macron, his Prime Minister Edouard Philippe, Digital Minister Cedric O and 17 ministers will present the government’s latest measures.In November 2018, about 30 chief executives of companies including iZettle AB, Funding Circle Ltd., Supercell Oy, TransferWise Ltd., Blablacar and U.S.-based Stripe Inc., signed an open letter saying a patchwork of different rules in various European countries makes it complicated and costly for employers to dole out stock options.The French 2020 budget law, voted late last year and enacted on Jan. 1, has two major measures already to make stock options of startups more attractive. First the conditions of the so-called BSPCE, an employee shareholding tool equivalent to a stock options, have been sweetened: they will get a discount compared to the price investors paid at the last fund raising.Also, employees of foreign startups with a base in France will be able to get stock options calculated on the parent company’s performance, not just the French branch, minister Cedric O unveiled in a statement late last year, as he said France seeks to attract more tech workers and companies.“What France has done is fantastic, but we really need a pan-European solution,” Martin Mignot, Partner at Index Ventures, which has stakes in BlablaCar, told Bloomberg. “Currently, startups face the same problems every time they expand into a new country. Talk to any entrepreneur and they tell you it’s madness, it is slowing them down and it is putting them at a disadvantage to large companies.”Macron has attempted to lure more investors to France ever since his years as an economy minister in 2014, via taxes, visas, benchmark indexes, bilingual schools and the French way to welcome new comers.In September he created the “Next 40,” a listing of France’s top 40 startups with the strongest growth potential. While only a few of them are currently “unicorns,” with values topping $1 billion, the government said it expect more of them to scale.Read more: Napoleon, Chateaus on Display as France Seeks Venture CapitalOne of the key measures taken by Macron was a 30% flat tax on capital revenues from securities, savings, capital gains, and other sources. That measure got him into trouble with some of his citizens protesting against inequalities in the Yellow Vests movement that started in December 2018.The statistic institute Insee said the increase in inequality in 2018 was linked to a sharp rise in investment incomes, which benefited from the introduction of a flat tax the same year.Still, Macron has also toughened his stance on issues like taxes and privacy. He brought it up with Apple Inc. CEO Tim Cook in his first months as president and repeatedly to Facebook founder Mark Zuckerberg. Macron is currently in a tug of war with U.S. President Donald Trump over his tax on digital giants.Amazon.com Inc., like other tech companies, will make their first payment of France’s new tax on digital giants in a few weeks. The government enacted a 3% levy on large tech groups that is retroactively effective from Jan. 1, 2019.(Updated with comment from Index ventures)\--With assistance from Natalia Drozdiak.To contact the reporter on this story: Helene Fouquet in Paris at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Vidya RootFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. The S&P 500 has gotten off to a strong start in January, up 3% so far this year, fueled by a truce in the U.S.-China trade war, low interest rates and signs the economy remains healthy. Analysts on average expect reports to show S&P 500 earnings per share fell 0.8% in the fourth quarter, with technology earnings seen up 0.6%, according to IBES data from Refinitiv.
The Disney+ effect, regional subscriber growth and 2020 content spending and free cash flow guidance are among the things to track as the streaming giant reports.
When this year's Academy Award nominations were announced on Monday, Netflix received 24 nominations — the most of any Hollywood studio. As a result, Darrell finally watched Martin Scorsese's three-and-a-half hour gangster epic — and he wasn't impressed by the results.
Darden Restaurants (DRI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hexavest of Montreal, an affiliate of Eaton Vance, more than doubled its investment in the embattled aerospace giant Boeing. Hexavest also bought Home Depot, Intel, and Walmart stock in the fourth quarter.
When Lulu Wang turned down a streaming platform’s eight-digit bid last year for her Sundance hit The Farewell , agreeing instead to an offer half the size from prestigious independent studio A24, her backers ...