Summary Of the Markets Today:
- The Dow closed up 67 points or 0.16%,
- Nasdaq closed up 192 points or 0.98%,
- S&P 500 closed up 43 points or 0.73%,
- Gold $2,627 down $18.30 or 0.69%,
- WTI crude oil settled at $70 up $0.04 or 0.04%,
- 10-year U.S. Treasury 4.591 up 0.067 points or 1.481%,
- USD index $108.08 up $0.46 or 0.43%,
- Bitcoin $94,036 down $1,119 or 1.18%, (24 Hours),
*Stock data, cryptocurrency, and commodity prices at the market closing
Today’s Highlights – Market Summary
The stock market showed a positive performance on Monday, with tech stocks leading the rally. Semiconductor stocks performed well, with Nvidia (NVDA) and Broadcom (AVGO) rising more than 3% and 5%, respectively. Meta (META) and Tesla (TSLA) also contributed to the broader market gains. Walmart (WMT) fell as much as 3% following a lawsuit by the Consumer Financial Protection Bureau. Microsoft (MSFT) and Nike (NKE) also underperformed within the Dow. The 10-year Treasury yield climbed as much as 7 basis points to 4.6%. Consumer confidence in December saw its largest month-over-month decline since November 2020. Investors are considering the path of interest rates for next year, with the Fed hinting at rates staying higher for longer. The CME FedWatch tool indicates that investors expect the Fed to hold rates steady next month, with a 50-50 chance of a cut or hold in March. The market is entering a shortened trading week, with the stock market closing at 1 p.m. ET on Tuesday and the Christmas holiday on Wednesday. Dow Jones Laggards Despite the positive momentum, investors remain cautious about the economic outlook and the Federal Reserve’s future actions regarding interest rates.
Click here to read our current Economic Forecast – December 2024 Economic Forecast: Insignificant Improvement And Still Indicating a Weak Economy
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
New orders for manufactured durable goods in November 2024 fell from 5.9% year-over-year last month to -5.2% year-over-year. The primary reason for the decline is Boeing – but even so, absolutely no capital goods sector is doing well. Manufacturing is in a recession in the US.
My favorite coincident indicator, the Chicago Fed National Activity Index (CFNAI) three-month moving average, CFNAI-MA3, decreased to –0.31 in November 2024 from –0.27 in October. A recession has historically been associated with a CFNAI-MA3 value below –0.70. An expansion has historically been associated with a CFNAI-MA3 value above –0.70 and a significant likelihood of an expansion has historically been associated with a CFNAI-MA3 value above +0.20. The bottom line is that the economy appears to be very modestly expanding, but viewing the purple line on the graph below, the economy has been slowly weakening since mid-2024.
Sales of new single-family houses in November 2024 were 8.7% above November 2023. The median sales price of new houses sold in November 2024 was $402,600. The average sales price was $484,800. The seasonally-adjusted estimate of new houses for sale at the end of November was 490,000. This represents a supply of 8.9 months at the current sales rate. Note from the graph below that the median sales price of new homes is little changed over the last two years. This is a major reason why new home sales are still relatively strong.
The Conference Board Consumer Confidence Index® declined by 8.1 points in December to 104.7 (1985=100). Dana M. Peterson, Chief Economist at The Conference Board’s view:
The recent rebound in consumer confidence was not sustained in December as the Index dropped back to the middle of the range that has prevailed over the past two years. While weaker consumer assessments of the present situation and expectations contributed to the decline, the expectations component saw the sharpest drop. Consumer views of current labor market conditions continued to improve, consistent with recent jobs and unemployment data, but their assessment of business conditions weakened. Compared to last month, consumers in December were substantially less optimistic about future business conditions and incomes. Moreover, pessimism about future employment prospects returned after cautious optimism prevailed in October and November.
Here is a summary of headlines we are reading today:
- Workers Seek Shelter As Hanford Nuclear Complex Issues Leak Alert
- Saudi Arabia Becomes Top Buyer Of Russian Fuel Oil
- Nickel’s Price Plunge: Indonesian Dominance Shakes Global Markets
- Turkey’s Rise in Syria Stokes Regional Rivalry with Iran
- Russia Loses Indian Oil Market Share to Middle East’s Exporters
- High Electricity Taxes Are Crippling European Industry
- Russia Expands Global Nuclear Footprint Despite Western Pushback
- Qatar Threatens to Halt LNG Exports to Europe Over Green Regulations
- Trump Threatens Panama Canal Takeover Over “Excessive” Fees
- Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
- U.S. sues Walmart, Branch Messenger over payment accounts for delivery drivers
- Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
- America’s Own Assad: Egypt Under Sisi Has 70,000 Political Prisoners
- Elon Musk: “The Fed Is Absurdly Overstaffed”
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
The Market in Perspective
Here are the headlines moving the markets. | |
Why Governments Make Poor SpeculatorsThere can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present. Only after the speculative collapse does the truth emerge. —John Kenneth Galbraith, A Short History of Financial Euphoria, 1990 All the recent talk about government Bitcoin reserves has gotten me… Read more at: https://oilprice.com/Finance/the-Markets/Why-Governments-Make-Poor-Speculators.html |
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Workers Seek Shelter As Hanford Nuclear Complex Issues Leak AlertWorkers at the Hanford nuclear site were ordered to take cover on Friday after a large holding tank with ammonia vapor was discovered to be leaking near the vitrification plant in the 200 East Area. Workers in that area were told to shelter in place with doors, windows and ventilation closed while other workers were told to avoid the 200 East Area. The Hanford Site is a decommissioned nuclear production complex operated by the United States federal government on the Columbia River in Benton County in the U.S. state of Washington The 200 East Area… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Workers-Seek-Shelter-As-Hanford-Nuclear-Complex-Issues-Leak-Alert.html |
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Saudi Arabia Becomes Top Buyer Of Russian Fuel OilSaudi Arabia was the leading buyer of Russian seaborne fuel oil and vacuum gasoil (VGO) exports in November, LSEG data has revealed. According to Reuters calculations based on LSEG data, Russian fuel oil and VGO exports grew 6% month-on-month in November to about 4.26 million metric tons. Asian countries have become top buyers of Russia’s fuel oil and VGO ever since the European Union imposed a full embargo on Russian oil products in February 2023. India is no longer the biggest buyer of Russian crude. According to the Centre for Research… Read more at: https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Becomes-Top-Buyer-Of-Russian-Fuel-Oil.html |
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Nickel’s Price Plunge: Indonesian Dominance Shakes Global MarketsVia Metal Miner When the story of global nickel prices is written for 2024, Indonesia and China will undoubtedly be the main characters. This is not only due to the former country’s high production output but also alleged violations of environmental rules and poor labor practices, which Indonesia has consistently denied. Indonesia is numero uno in global nickel production, accounting for 51% of the world’s total mine production. The country also sits on 42% of total global reserves. Because of this, it’s been a major… Read more at: https://oilprice.com/Metals/Commodities/Nickels-Price-Plunge-Indonesian-Dominance-Shakes-Global-Markets.html |
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Turkey’s Rise in Syria Stokes Regional Rivalry with IranThe fall of Bashar al-Assad’s government at the hands of rebels, including Ankara-backed factions, has effectively made Turkey the dominant foreign actor in Syria at the expense of Iran and its ally Russia. Turkey and Iran have competed for years for influence in the South Caucasus, and this rivalry appears to have now extended to the Levant. “The Islamic republic has had significant misgivings about Turkish influence in Syria, be it economic, political, or military, long before the fall of Assad. But with the loss of Iran’s sole state ally in… Read more at: https://oilprice.com/Geopolitics/International/Turkeys-Rise-in-Syria-Stokes-Regional-Rivalry-with-Iran.html |
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Green Hydrogen Costs Set to Stay Too High For Too LongGreen hydrogen will struggle to compete at price level with gray hydrogen made from natural gas at least until 2050—much longer than previously anticipated, according to new estimates by research firm BloombergNEF. BNEF’s new report on hydrogen prices finds that green hydrogen, the one produced via electrolysis using renewable energy, will fail to reach price parity with gray hydrogen by the middle of the century, as costs have more than tripled from last year’s forecast. Rising costs for electrolyzers mean that in 2050,… Read more at: https://oilprice.com/Alternative-Energy/Fuel-Cells/Green-Hydrogen-Costs-Set-to-Stay-Too-High-For-Too-Long.html |
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Indian Oil Probes Allegations of Albemarle Bribes to State Firm’s OfficialsIndian Oil Corporation (IOC), a state-owned oil giant, has launched an internal investigation over alleged bribes paid by Albemarle to IOC officials to secure contracts more than a decade ago, Indian media report. Responding to news articles from last week, IOC said in a statement filed with the local stock exchange that “the Company is neither a party to nor these is any allegation against the Company in relation to the proceedings referred in the said news articles”. The statement goes on to say that “However, the Company has… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Indian-Oil-Probes-Allegations-of-Albemarle-Bribes-to-State-Firms-Officials.html |
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Russia Loses Indian Oil Market Share to Middle East’s ExportersIndia imported lower volumes of Russian crude oil in November while it boosted purchases of Middle Eastern crude, as Russia exported lower volumes overall while some Indian refiners were undergoing maintenance. In the months prior to November, India continued to boost crude imports from Russia. Over the past two years, India has become a key buyer of Russia’s oil, while the attractiveness of cheaper crude supply has made Russia the single biggest supplier of oil to India. But last month, India imported 1.52 million barrels per day (bpd) of… Read more at: https://oilprice.com/Energy/Crude-Oil/Russia-Loses-Indian-Oil-Market-Share-to-Middle-Easts-Exporters.html |
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High Electricity Taxes Are Crippling European IndustryEuropean countries need to work out ways to lower taxes on electricity to revive the competiveness of Europe’s energy-intensive industries, Leonhard Birnbaum, president of electricity lobby Eurelectric, told Reuters in an interview published on Monday. Power prices in the EU are up to three times higher than in the United States, for example, which further erodes the competitiveness of energy-intensive industries including aluminum, steel making, chemicals, and cement production. Europe is losing and will continue to lose competitiveness… Read more at: https://oilprice.com/Latest-Energy-News/World-News/High-Electricity-Taxes-Are-Crippling-European-Industry.html |
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Tesla Soars to $1.5 Trillion Valuation After Trump’s Re-ElectionTesla shares just reached a new all-time high following Trump’s victory in the 2024 presidential election, propelling the company to a massive $1.5 trillion valuation as of December 18, 2024. This graphic, via Visual Capitalist’s Marcus Lu, highlights the most valuable automakers by market cap worldwide as of Dec. 13, 2024, based on figures from CompaniesMarketCap.com. Tesla Dominance Tesla accounts for nearly half of the market capitalization among global carmakers. Its valuation surpasses the combined value of the next 29 automakers. Rank… Read more at: https://oilprice.com/Energy/Energy-General/Tesla-Soars-to-15-Trillion-Valuation-After-Trumps-Re-Election.html |
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Russia Expands Global Nuclear Footprint Despite Western PushbackRussia is looking to maintain its position as “one of the biggest builders of new nuclear plants in the world,” a top envoy of Russian President Vladimir Putin told the Financial Times in an interview published on Monday. “We are building more than 10 different units around the world,” Boris Titov, Putin’s special representative for international cooperation in sustainability, told FT. “We need a lot of energy. We will not be able to provide this energy without using . . . nuclear,”… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Russia-Expands-Global-Nuclear-Footprint-Despite-Western-Pushback.html |
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Will Trump Policies Slow Methane Emissions Cuts in the Permian?Producers in the Permian basin, America’s top oil producing region, have made a lot of progress in reducing methane emissions, a recent report suggests, but the incoming Trump Administration could undo some of that progress, environmentalists warn. The Biden Administration has enacted rules on reducing emissions from oil and gas operations, including a recently finalized methane fee that has been opposed by the industry. Last year, emissions from the Permian fell by 26%, according to a recent study by S&P Global and Insight… Read more at: https://oilprice.com/Energy/Crude-Oil/Will-Trump-Policies-Slow-Methane-Emissions-Cuts-in-the-Permian.html |
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Qatar Threatens to Halt LNG Exports to Europe Over Green RegulationsOne of the world’s top LNG exporters, Qatar, is threatening to stop shipping its gas to the European Union if the bloc moves to strictly enforce a new corporate sustainability directive with fines on non-compliant firms, Qatar’s Energy Minister Saad al-Kaabi told the Financial Times in an interview published this weekend. Earlier this year, the EU formally adopted the corporate sustainability due diligence directive. These new EU-wide rules introduce obligations for large companies regarding adverse impacts of their activities… Read more at: https://oilprice.com/Energy/Energy-General/Qatar-Threatens-to-Halt-LNG-Exports-to-Europe-Over-Green-Regulations.html |
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Syrian Oil Supply Crisis Deepens as Iraq Cuts ExportsIraq has suspended crude oil deliveries to Syria, a member of the Iraqi parliament said on social media as quoted by BNE Intellinews. The statement coincided with one by Iraq’s foreign minister, who expressed concern about the security situation in the country that was taken over Islamist groups. “Iraq has decided to stop providing Syria with crude oil starting this month,” Mustafa Sanad said. Separately, at an event in Baghdad, Foreign Minister Fuad Hussain voiced his concern about the potential resurgence of terrorist activity… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Syrian-Oil-Supply-Crisis-Deepens-as-Iraq-Cuts-Exports.html |
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Trump Threatens Panama Canal Takeover Over “Excessive” FeesPresident-elect Donald Trump has threatened to take over control of the Panama Canal unless the Panamanian authorities stop charging excessive rate for the use of the chokepoint. “Has anyone ever heard of the Panama Canal?” Trump said at a conservative event in Arizona, as quoted by Reuters. “Because we’re being ripped off at the Panama Canal like we’re being ripped off everywhere else.” “It was given to Panama and the people of Panama, but it has provisions,” Trump went on to say of the Panama Canal. “If… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Trump-Threatens-Panama-Canal-Takeover-Over-Excessive-Fees.html |
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S&P 500 closes higher to begin holiday week, tech stocks lead the advance: Live updatesTrading is expected to be relatively muted during the holiday week. Read more at: https://www.cnbc.com/2024/12/22/stock-market-today-live-updates.html |
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Matt Gaetz, former Trump AG pick, had sex with underage girl while in Congress, House Ethics report saysMatt Gaetz resigned from Congress after President-elect Donald Trump picked him to be attorney general, putting the fate of the House Ethics report in question. Read more at: https://www.cnbc.com/2024/12/23/matt-gaetz-sex-drug-report-house-ethics.html |
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Luigi Mangione pleads not guilty to murder of health insurance CEOLuigi Mangione, the man accused of killing UnitedHealth Group CEO Brian Thompson, pleaded not guilty on Monday to murder charges that brand him a terrorist. Read more at: https://www.cnbc.com/2024/12/23/suspect-in-unitedhealth-executive-killing-luigi-mangione-pleads-not-guilty.html |
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Silicon Valley’s White House influence grows as Trump taps tech execs for key rolesTrump nominated top tech leaders for key spots in his administration, including executives who’ve held roles at Andreessen Horowitz and PayPal. Read more at: https://www.cnbc.com/2024/12/23/trump-taps-silicon-valley-execs-for-key-administration-roles.html |
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Trump’s 25% tariff could be an existential threat to Canada’s recovering auto industryThere’s growing concern that potential tariffs on Canadian imports to the U.S. could be an existential threat to the country’s recovering automotive industry. Read more at: https://www.cnbc.com/2024/12/23/trumps-25percent-tariffs-an-existential-threat-to-canadas-auto-industry.html |
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Trend line break in American Airlines’ chart suggests long-term recovery for airline stocksThe airline operator has been showing signs of a rebound as of late. Read more at: https://www.cnbc.com/2024/12/23/trendline-break-in-american-airlines-chart-suggests-long-term-recovery-for-airline-stocks.html |
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MicroStrategy shares slump on first day in the Nasdaq 100 index: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Andy Baehr of CoinDesk Indices discusses the proper allocation size for crypto in a diversified portfolio. Read more at: https://www.cnbc.com/video/2024/12/23/microstrategy-shares-slump-on-first-day-in-the-nasdaq-100-index-cnbc-crypto-world.html |
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U.S. sues Walmart, Branch Messenger over payment accounts for delivery driversThe CFPB filed a complaint Monday against Walmart and Branch Messenger for allegedly forcing delivery drivers to use costly deposit accounts to get paid. Read more at: https://www.cnbc.com/2024/12/23/us-sues-walmart-branch-messenger-delivery-driver-junk-fees.html |
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From Amazon warehouse to port strikes, shippers and the DOT are preparing for an unpredictable 2025Amazon worker labor action amid the holidays, and the threat of a ports strike in January, has shippers preparing for a chaotic start to 2025. Read more at: https://www.cnbc.com/2024/12/23/amazon-workers-port-strikes-and-the-unpredictable-2025-for-shippers.html |
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Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailerNordstrom will become a private company after it agreed to a buyout deal valued at $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. Read more at: https://www.cnbc.com/2024/12/23/nordstrom-private-company-founding-family-el-puerto-de-liverpool.html |
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Lego is reinventing its iconic brick sets and keeping the toy industry afloatThe toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up — Lego. Read more at: https://www.cnbc.com/2024/12/23/lego-brick-sets-take-new-shape.html |
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Savannah James’ worst money mistake still gives her the ‘heebie jeebies’: It was ‘a substantial amount, I’m still stressed out’Just like everyone else, celebrities sometimes spend their money on things that they later regret. Savannah James says this was her worst money mistake. Read more at: https://www.cnbc.com/2024/12/23/savannah-james-worst-money-mistake-still-gives-her-the-heebie-jeebies.html |
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The ‘weight loss trade’ has stalled. What it will take to revive investor interestThe initial euphoria over the GLP-1 drugs like Ozempic has mellowed, but catalysts expected in 2025 could energize investor interest in the stocks. Read more at: https://www.cnbc.com/2024/12/23/the-weight-loss-trade-has-stalled-what-it-will-take-to-revive-interest.html |
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Rumble CEO Says Tether Wanted To “Buy As Much As Possible”Update (1429ET): Rumble CEO Chris Pavlovski spoke with Barstool’s Dave Portnoy on Monday, offering more details about the $775 million strategic investment in the video platform. He noted that this is their first major strategic partnership. Pavlovski said Tether “approached us about a month ago … expressing they wanted to buy as much of Rumble as they could.” “To put it simply, they are helping to clean up the capitalization table in a major way,” the CEO said. Earlier, Tether explained in a press release the deal included purchasing 103.3 million of Rumble’s Class A common at $7.50, totaling $775 million. Pavlovski said there will be a “primary component of about $250 million that will help spur further growth, build out the cloud, further bring in more content creators and things of that nature.” “It’s a phenomenal opportunity that we had here … it really matches the ethos of Rumble in a major way,” the CEO concluded.
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America’s Own Assad: Egypt Under Sisi Has 70,000 Political PrisonersVia Middle East Eye As this year comes to an end, the most populous Arab country remains a stagnant mammoth with a slowly rotting political order, lacking domestic legitimacy and kept alive only by a continuous lifeline of cash from the West and Arab Gulf states who fear the repercussions of the Egyptian regime’s implosion. The year started with Abdel Fattah el-Sisi, who is now 70, renewing his presidential term until 2030 after an electoral circus whose outcome was determined from the start. His only serious competition, former parliamentarian Ahmed Tantawi, was swiftly jailed. Egypt’s secret police, Homeland Security, continued throughout the year targeting all forms and shades of dissent, both online and offline, keeping citizens incarcerated in an endless labyrinth of fabricated cases, dubbed by rights lawyers as a process of Read more at: https://www.zerohedge.com/markets/americas-own-assad-egypt-under-sisi-has-70000-political-prisoners |
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Migrant Accused Of Setting Woman On Fire In NYC Subway Car Is Here Illegally, ICE ConfirmsA Guatemalan migrant has been arrested for allegedly lighting a woman on fire while she was asleep in a subway car in Brooklyn.
A spokesperson for Immigration and Customs Enforcement (ICE) confirmed that the migrant suspect is Sebastian Zapeta-Calil, a 33-year-old foreign national living in the U.S. unlawfully.
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Elon Musk: “The Fed Is Absurdly Overstaffed”The Ron Paul ‘Revolution’ could be on the horizon as President-elect Donald Trump prepares to take office next month. Elon Musk, one of Trump’s top advisors, wrote on X about creating efficiencies at the Federal Reserve. “The Fed is absurdly overstaffed,” Musk wrote on X early Monday morning, responding to Chamath Palihapitiya’s post about the Fed’s latest interest rate decision (read here).
A recent note from the Mises Institute pointed out that about 23,000 people work at the Federal Reserve Board in Washington and 12 regional reserve banks across the US. The Federal Reserve System |
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UK economy had zero growth between July and SeptemberThe downward revision will be a blow to Labour which has made boosting the economy its top priority. Read more at: https://www.bbc.com/news/articles/c78631e4gygo |
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Honda and Nissan join forces to take on China in carsThe firms want to strengthen their offerings in the face of Chinese competition in the electric vehicle sector. Read more at: https://www.bbc.com/news/articles/cwy3ljvv93lo |
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Morrisons apologises after discount and delivery issuesThe supermarket has been advertising cheap deals, including 10p vegetables, ahead of Christmas. Read more at: https://www.bbc.com/news/articles/cdjg8kz8jj3o |
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Apple approaches $4 trillion valuation as investors bet on AI momentumApple is nearing a $4 trillion market cap, driven by investor excitement over its AI enhancements. The stock has risen 16% recently. Analysts expect iPhone demand to improve as AI features expand. Apple’s valuation is at a three-year high, facing risks from potential tariffs. Tech stocks remain a defensive sector for investors. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/apple-approaches-4-trillion-valuation-as-investors-bet-on-ai-momentum/articleshow/116605892.cms |
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PNB issues Rs 3,000 crore worth of bonds to 14 allotteesThe bank’s shares have delivered a 15% return over the past year, outperforming the Nifty’s 11% gain during the same period. In 2024, its returns stand at approximately 4% so far. Read more at: https://economictimes.indiatimes.com/markets/bonds/pnb-issues-rs-3000-crore-worth-of-bonds-to-14-allottees/articleshow/116606058.cms |
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Tech View: Nifty forms bullish Harami Cross pattern on daily chart. Here are cues for Tuesday’s tradeThe Nifty index formed a bullish Harami Cross on the daily chart, signaling potential optimism. Closing above the 200-EMA, a breakout above 23,850 could drive recovery to 24,000/24,400. Support lies at 23,540, with a breach risking further downside. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-forms-bullish-harami-cross-pattern-on-daily-chart-here-are-cues-for-tuesdays-trade/articleshow/116603551.cms |
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10-year Treasury yield ends at 7-month high to kick off holiday-shortened weekTreasury yields advanced on Monday, with the key 10-year rate approaching 4.6% after data showed U.S. consumer confidence pulled back in December. Read more at: https://www.marketwatch.com/story/10-year-treasury-yield-near-7-month-high-to-kick-off-holiday-shortened-week-37289f4b?mod=mw_rss_topstories |
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Oil prices begin the week on a down noteOil futures ended modestly lower Monday, extending a decline seen the previous week in response to a surging U.S. dollar and worries about the outlook for demand — particularly from China, the world’s largest crude importer. Read more at: https://www.marketwatch.com/story/oil-prices-begin-week-on-down-note-9266d918?mod=mw_rss_topstories |
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Netflix payout of $150 million for this pair of NFL games is a ‘prestige’ play, expert saysChristmas Day football games will be streamed exclusively on Netflix. Here’s what you should know. Read more at: https://www.marketwatch.com/story/netflix-payout-of-150-million-for-this-pair-of-nfl-games-is-a-prestige-play-expert-says-475e5b8f?mod=mw_rss_topstories |