STOCK MARKET NEWS: Google job cuts, T-Mobile breach, Netflix jumps

Netflix shares are more than 5% higher in premarket trading after the company gained 7.7 million subscribers during the October-December period.will relinquish its title of co-CEO.Programming chief, Ted Sarandos will be co-CEO along with Greg Peters, Netflix's chief operating officer.$55.3 million, or 12 cents per share, during the fourth quarter, a 91% decline from the same time in the prior year. Revenue rose 2% from the previous year to $7.85 billion.

The earnings fell below the predictions of analysts, but investors appeared to be more focused on the subscriber gains that were far above projections. Nordstrom shares are down more than 4% in premarket trading after the company reported declining holiday sales. says sales declined 3.5% from year ago figures, causing the company to adjust its full-year forecast, according to the Wall Street Journal.and credit-card revenue, at the low end of its previously issued outlook of 5% to 7%. for the month of December.

Sales of previously owned homes are expected to fall 3.2% to a seasonally adjusted annual rate of 3.96 million units. That would be the eleventh straight monthly drop, the most on record.high mortgage rates,Homebuilder sentiment inched up from the lowest in more than a decade but is still at a very depressed level; while housing starts and building permits continue to retreat.

Oh lord, I don't think we can take much more.

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