Netflix Has Won the Streaming Wars, Supino Says

Peter Supino of Wolfe Research says Netflix has already won the streaming wars. The company reported a 25% increase in earnings to $6.61 a share, beating Wall Street forecasts, driven by a recent price increase and strong programming. He’s on “Bloomberg The Close.” (Source: Bloomberg)

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Snap-on Falls as Tariff Reality Overshadows Made-in-USA Pitch

Toolmaker Snap-on Inc. fell the most in more than a year after its made-in-America messaging was overshadowed by a tariff-driven sales slump, illustrating how even firms with diversified supply chains are being hurt by proposed levies.

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Trump Blasts Fed Chair Jerome Powell

President Donald Trump said Federal Reserve Chair Jerome Powell’s termination from his position can’t come quickly enough, arguing that the US central bank should have lowered interest rates already this year, and in any case should do so now. Union Advisors Founder and Bloomberg Opinion Columnist Nir Kaissar has more on the story. (Source: Bloomberg)

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