The Pre-Market Rundown 2: April 19, 2024

Wall Street is set to open lower as growing conflict between Israel and Iran weighs on markets. The S&P 500 is heading for its worst week in six months and has fallen for five straight sessions. The down the NASDAQ are also on track for a losing week, with the NASDAQ on pace for its fourth straight down week. Netflix announced that it will stop reporting subscriber numbers each quarter, a sign that the streaming wars may be coming to an end, the company’s Co chief executive said. The changes come from one to focus on the key metrics that they think matter most to business. Netflix posted quarterly earnings Thursday, which showed that the services ad supported streaming plans help bring in 9.3 million new customers, crushing analyst expectations and highlighting the success of their password sharing crackdown. Apple removed WhatsApp and threads from its App Store in China, saying it was ordered by the government to do so. The tech giant said Chinas, top Internet regulator, made the request due to national security concerns. This is China’s latest example of increasing censorship. An Apple spokesperson wrote in a statement that the company is required to follow the laws in the countries they operate in, even when they disagree. First, CNBC Business news. I’m Silvana Hanau.