Netflix Up Big on Sub Growth, China Increasingly Desperate

Netflix stock is up big this morning after the streaming giant added more than 13 million subscribers in the 4th quarter as a crackdown on password sharing and a new ad-supported price tier has attracted new viewers. Elsewhere policy makers are rolling out near-daily initiatives in China in an effort to stop the bloodletting in their stock market. This morning there are defacto bans on shorting index futures and a cut in the Reserve Requirement Ratio for Chinese banks. These measures weren't enough to save Dupont's earnings which saw a big hit from Chinese demand. Also DR Horton is the first sign of weakness showing in the housing market.

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