5 Things You Should Know Before The Stock Market Opens Wednesday, April 21

Here are the top news, trends and analysis that investors need to start their trading day:

1. Nasdaq is going to fall, Netflix shares are shifting

A trader works on the floor of the New York Stock Exchange.


2. Netflix reports a dramatic slowdown in subscriber numbers

Signage outside the Netflix office building on Sunset Boulevard in Los Angeles, California, on Monday, April 19, 2021.

Bing Guan | Bloomberg | Getty Images

Netflix blamed the slowdown in subscriber numbers for pandemic delays in some of its major shows and movies. In the first quarter, global paid net additions to subscribers were 3.98 million, compared to estimates of 6.2 million. Netflix said Tuesday it expects to add only about 1 million subscribers in the current quarter. The company doesn’t believe increased competition from Disney + and Hulu, AT & T’s HBO Max, Apple TV +, Amazon Prime, and Comcast’s Peacock is contributing to the weak subscriber base. Earnings per share in the first quarter conveniently exceeded forecasts, while sales were slightly higher than what analysts had expected.

3. Biden hits the latest vaccine milestone and pushes everyone

US President Joe Biden will hold a bipartisan meeting on the US job plan at the White House in Washington, US, April 19, 2021.

Kevin Lemarque | Reuters

President Joe Biden will reflect Wednesday on his efforts to expand distribution and access of Covid vaccines in his first three months at the White House. The US has administered more than 200 million doses, according to the CDC, the latest goal the president wanted to reach for his 100th day in office next week. More than 50% of American adults have received at least one dose, including a third fully vaccinated. With everyone 16 and older now eligible, Biden is expected to outline his government’s plans to increase vaccination coverage even further.

4. J&J resumes roll-out of the Covid vaccine in Europe

Johnson & Johnson’s Janssen COVID-19 vaccine will be stored in Chicago, Illinois, on March 9, 2021 for use by United Airlines employees at United’s local clinic at O’Hare International Airport.

Scott Olson | Getty Images

Johnson & Johnson said it will resume its Covid vaccine in Europe after regulators there said the benefits outweigh the risk of unusual but serious blood clots. On Tuesday, the European Medicines Agency recommended adding a warning about possible clotting problems with low platelets. J & J’s vaccine has been interrupted in the US after six women developed a rare blood clotting disorder. One woman died and another was in critical condition. The CDC’s immunization advisory panel will make its recommendation on Friday about J & J’s one-time vaccine.

5. Sanders reveals free college bill, wants Wall Street to pay for it

Senator Bernie Sanders, independent from Vermont and chair of the Senate Committee on Budgets, speaks at a hearing in Washington, DC, US, on Wednesday, March 17, 2021.

Samuel Corum | Bloomberg | Getty Images

Sen. Bernie Sanders, I-Vt., And Rep. Pramila Jayapal, D-Wash., On Wednesday introduced the College for All Plan, legislation that would make college education free for millions and provide additional support for working-class people. families visiting minority institutions. The bill, as in previous plans, proposes that the government pay for it by imposing a tax on financial transactions on Wall Street. No word on whether Biden supports this bill, but he broadly wants to reduce the burden of college fees. As a candidate, he expressed support for the general idea of ​​a financial transaction tax, but gave no details.

– The Associated Press and Reuters contributed to this report. Follow all market actions like a pro CNBC Pro. Get the latest news about the pandemic with CNBC’s coronavirus Coverage.

Disclosure: Comcast is the owner of NBCUniversal, CNBC’s parent company.