CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy

Netflix's concern leaders and investors astir apt aren't enjoying a soda popular aft the merchandise of its third-quarter results. While the company's gross met expectations — though not beating them arsenic it did the first and second quarters — net were taken down by a taxation quality with Brazilian authorities. Shares of Netflix fell astir 6% successful extended trading Tuesday stateside.

But it doesn't look similar immoderate different media institution volition dethrone Netflix arsenic the king of streaming successful the adjacent term. Warner Bros. Discovery said Tuesday it's open to a sale — and Netflix is reportedly an funny purchaser — adjacent arsenic Warner Bros. is going up with its split into 2 companies successful the meantime. Elsewhere, Comcast's NBCUniversal is presently spinning disconnected its cablegram networks, which includes CNBC. Those moves suggest that bequest media is inactive uncovering its footing amid the epoch of streaming inaugurated by Netflix.

While determination are galore factors contributing to Netflix's aureate status, its shows are apt the main protagonists. "KPop Demon Hunters," released successful June, was a smash hit. It's present the company's most-watched film, hitting 325 cardinal views and surely played a immense relation successful Netflix's champion advertisement income 4th ever successful the 3rd quarter. Even arsenic the streaming giant's net stumbled during that period, Netflix is inactive showing different media companies however it's done.

— CNBC's Sarah Whitten contributed to this report.

India is adjacent to a commercialized woody with U.S., section media reports. As portion of the agreement, the White House could slash tariffs connected New Delhi to 15%-16% from the existent 50%, according to Indian media outlet Mint connected Wednesday. India could besides trim lipid purchases from Russia.

Netflix's third-quarter net fell abbreviated of expectations. The miss was due to the fact that of an ongoing quality with Brazilian taxation authorities, the institution said. Revenue for the play was successful enactment with estimates. Netflix added it is going "all in" connected artificial intelligence.

Japan's exports instrumentality to maturation successful September. However, the 4.2% year-on-year increase, which snapped 4 months of declines, was beneath the 4.6% emergence expected by a Reuters canvass of economists. Shipments to Asia climbed 9.2% from a twelvemonth earlier, portion those to the U.S. fell 13.3%.

U.S. stocks commercialized mixed. The Dow Jones Industrial Average closed astatine a grounds Tuesday stateside. The S&P 500, however, was level and the Nasdaq Composite mislaid 0.16%. Asia-Pacific markets traded mixed Wednesday. South Korea's Kospi led gains, rising astir 1%.

[PRO] 'Buyback aristocrats' are outperforming the market. The word refers to companies that person reduced their stock counts crossed a definite play of clip — a portfolio of them has outperformed the equal-weight S&P 500 since 2012, according to Goldman Sachs.

Curtain falls connected the epoch of large UK conglomerates

Unlike successful the United States, conglomerates — elephantine companies owning galore businesses crossed antithetic sectors — person much oregon little died retired successful Britain. This was reinforced erstwhile past Friday Smiths Group, the FTSE-100 engineering company, announced a large disposal arsenic it sheds its conglomerate status.

The Smiths break-up marks the extremity of an epoch successful which conglomerates dominated the ranks of Britain's biggest companies. Yet traces of the aged U.K. conglomerates are everywhere. 

— Ian King