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The Nasdaq's win streak, Netflix earnings, another AI pivot and more in Morning Squawk
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This is CNBC's Morning Squawk newsletter.
Key facts
- IonQ and D-Wave Quantum shares have soared more than 50% this week, while Quantum Computing and Rigetti Computing have climbed more than 30%
- But as CNBC's Yun Li notes, history shows that this type of trade doesn't typically pan out well. 5
- As CNBC's Brandon Gomez reports, the telehealth company has been working on its peptide business for years, notably acquiring a California-based peptide facility in 2025
- Uncertainty around the strait again pushed crude oil prices to near $100 a barrel yesterday
Summary
Here are five key things investors need to know to start the trading day: 1. Here's what to know: Thursday's rally propelled the S&P 500 to another all-time high. The streaming giant saw a big jump in earnings per share thanks partly to the $2.8 billion breakup fee it received following the termination of its proposed Warner Bros. The California-based company also announced a key leadership change: Chairman, co-founder and former CEO Reed Hastings will step down from Netflix's board after his term ends in June. Co-CEO Ted Sarandos wrote off the idea that Hastings' departure is tied to the WBD deal, calling Hastings a "big champion" for Netflix's bid for WBD's assets.
Kennedy Jr. signaled this week that regulators could ease restrictions on peptides. As CNBC's Brandon Gomez reports, the telehealth company has been working on its peptide business for years, notably acquiring a California-based peptide facility in 2025.