Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Nasdaq set to decline, Netflix shares the slide
A trader is working on the floor of the New York Stock Exchange.
NYSE
2. Netflix reports a dramatic slowdown in subscribers
Signage in front of the Netflix office building on Sunset Boulevard in Los Angeles, California, Monday, April 19, 2021.
Bing Guan | Bloomberg | Getty Images
Netflix has accused the slowdown in subscriber growth of pandemic-inspired delays in some of its most popular shows and movies. In the first quarter, global additions paid by subscribers totaled 3.98 million, compared to estimates for 6.2 million. Netflix said on Tuesday that it expects to add only about 1 million subscribers in the current quarter. The company does not believe that increased competition from Disney + and Hulu, HBO Max from AT&T, Apple TV +, Amazon Prime and Peacock from Comcast play a factor in the low number of subscribers. Earnings per share in the first quarter easily exceeded forecasts, while revenues slightly exceeded what analysts expected.
3. Reaching the last mark of the vaccine, Biden pushes the photos for everyone
US President Joe Biden is holding a bipartisan meeting on the US White House Employment Plan in Washington, USA, April 19, 2021.
Kevin Lemarque | Reuters
President Joe Biden will reflect on Wednesday on his efforts to expand the distribution and access of the Covid vaccine in its first three months to the White House. The United States has administered more than 200 million doses, according to the CDC, the latest goal the president wanted to achieve before his 100th day in office next week. Over 50% of US adults received at least one dose, including a third who were completely vaccinated. With all those now 16 and over now eligible, Biden is expected to present his administration’s plans to further increase vaccination rates.
4. J&J resumes launch of Covid vaccine in Europe
Johnson & Johnson’s Janssen COVID-19 vaccine is stored for use with United Airlines employees at the on-site clinic at O’Hare International Airport on March 9, 2021 in Chicago, Illinois.
Scott Olson | Getty Images
Johnson & Johnson said it would resume the launch of the Covid vaccine in Europe after regulators said the benefits outweigh the risk of uncommon but severe blood clots. The European Medicines Agency on Tuesday recommended adding a warning about possible blood clotting problems with low blood platelets. The J&J vaccine was discontinued in the United States after six women developed a rare blood clotting disorder. One woman died and another was in critical condition. The CDC’s Immunization Advisory Committee is ready to make its recommendations on J & J’s one-shot vaccine on Friday.
5. Sanders reveals the college’s free bill and wants Wall Street to pay for it
Senator Bernie Sanders, an independent from Vermont and chairman of the Senate Budget Committee, speaks during a hearing in Washington, DC, USA, on Wednesday, March 17, 2021.
Samuel Corum | Bloomberg | Getty Images
Senator Bernie Sanders, I-Vt., And Rep. Pramila Jayapal, D-Wash., On Wednesday introduced the College Plan for All, legislation that will make education free for millions and provide additional support for the working class. families attending minority institutions. The bill, as in previous plans, proposes that the government help pay for it by imposing a tax on financial transactions on Wall Street. No word on whether Biden supports this bill, but generally wants to reduce the burden of college costs. As a candidate, he expressed support for the general idea of a financial transaction tax, but did not provide any details.
– The Associated Press and Reuters contributed to this report. Follow all market actions like a pro CNBC Pro. Get the latest pandemic news with CNBC coronavirus covering.
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