The Rundown Netflix Posts Earnings Beat & Raises Outlook, Congress Passes Historic Crypto Bill
9 snips
Jul 18, 2025 Get ready for a market update featuring a notable rally fueled by strong retail sales and record highs for major indices. Netflix impresses with stellar earnings but faces fierce competition from YouTube. The crypto landscape shifts dramatically with the passage of the Genius Act, while Ethereum and XRP see significant gains. Meanwhile, Coldplay's Music of the Spheres tour skyrockets to a staggering $1.2 billion in gross revenue, sharing tips on concert etiquette and a preview of the upcoming earnings season.
AI Snips
Chapters
Transcript
Episode notes
Strong Retail Sales Boost Markets
- Retail sales jumped 0.6% in June, beating expectations and reversing two months of decline.
- Consumers are spending freely again, which is a strong sign for the economy and stock markets.
Netflix Earnings and Competition
- Netflix beat earnings expectations with strong subscriber growth and ad revenue, raising its revenue and profit forecasts.
- However, YouTube is growing faster in the U.S. streaming market and is Netflix's main competition, not traditional streamers.
Crypto Regulation Advances
- Congress passed the Genius Act to regulate stablecoins and the Clarity Act to shift crypto oversight to the CFTC.
- President Trump may sign an order allowing 401ks to invest in crypto, opening a $9 trillion retirement market.