CNBC Daily Open: Everyone’s watching Netflix shares
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Consecutive winning weeks
All major U.S. indexes rose Friday for their sixth consecutive winning week. That's the longest streak this year for the S&P 500 and Dow Jones Industrial Average, both of which hit record highs. Asia-Pacific markets traded mixed Monday. China's CSI 300 added around 0.5% as Beijing's central bank loosened monetary policy further.
PBOC cuts rates
On Monday, the People's Bank of China cut key interest rates by 25 basis points. The one-year loan prime rate, which influences corporate and household loans, was reduced to 3.1%. The five-year LPR, which is tied to mortgage rates, was cut to 3.6%. Pan Gongsheng, PBOC governor, indicated on Friday that the bank would lower those rates.
Watching Netflix shares
Netflix shares popped 11% on Friday, a day after the company reported third-quarter results that beat earnings, revenue and paid membership estimates. Netflix's growth in its ad-supported membership was the highlight of its report. Subscribers in that tier jumped 35% for the quarter and comprised 50% of new sign-ups.
Boeing votes
The strike at Boeing, which has so far lasted more than a month and cost Boeing an estimated $1 billion, might end soon. On Saturday, Boeing and its machinists' union reached a new contract proposal, said the union, which offers 35% wage increases over four years. The union is set to vote on the deal on Wednesday.
[PRO] Consider dividend stocks
Interest rates are coming down globally. That means high-yielding money market funds and bonds might become