3 Things to Know at Market Close: Netflix, Chinese New Year, and KPMG


Happy Fri-yay!

It's been a busy, busy week. 

But, the market has a three-day weekend ahead so there's even more to look forward to than usual.

Anyway, here's what you need to know.

Stocks rose on Friday, Jan. 18, sparked by a potential thaw in U.S.-China trade talks, despite contradictions from the Treasury, and as investors added to risky positions following a solid start to the U.S. corporate earnings season.

The Dow Jones Industrial Average jumped 336 points, or 1.38%, to 24,706, the S&P 500 rose 1.3%, and the Nasdaq gained 1%.

Why China's Lunar New Year Matters

Well, in the perspective of the markets anyway.

Real Money's Stephen 'Sarge' Guilfoyle discussed why investors need to keep an eye out on Chinese Lunar New Year because it just might mean some good news for investors?

The reasoning is quite simple, really. 

"So there is going to be some pressure [on China] to put some positive headlines ahead of the Chinese holiday, which is a big deal over [in China]," said Guilfoyle. "I do believe that at the vice ministerial level, you will probably make a concerted effort to say something positive next week and setup set up something ahead of March 1st."

Netflix Shows Off

"Netflix (NFLX - Get Report) typically doesn't focus much on how many of its 139 million paid subscribers are watching specific shows. But in its fourth-quarter results, the streaming giant revealed that Bird Box, the buzzy thriller starring Sandra Bullock, was seen by 80 million households within four weeks of its release; meanwhile, Sex Education and You, both dramas geared at a young adult audience, are on track to reach 40 million households apiece in the same time frame," reported TheStreet's Annie Gaus.

In the video call following Netflix's earnings, Netflix's content chief Ted Sarandos described the numbers as "less financial metrics than they are cultural metrics," pointing to the relevance of Netflix's most popular content in popular culture: "What's important is that for your Netflix subscription, you're part of the zeitgeist," Sarandos said.

Surprise, Surprise: Money Matters

To some women at least.

KPMG's Women Leadership 2019 study found that the majority of women in the workplace are driven by the amount that they earn, not the seniority of their title. 

Michele Meyer-Shipp, chief diversity officer at KPMG, sat down with TheStreet to discuss diversity and how companies can do better.

"Although the responding women may be reluctant to ask for a salary increase, money remains a top motivator. Indeed, when these women have taken risks, the number one incentive has been the opportunity to make more money. The factor ranks equally high across all experience levels and among women across all ethnic/racial groups," the study said.