The Rundown - Netflix Raises Prices (Again), Nasdaq Falls Into Correction

Episode Date: March 27, 2026

Market update for Friday March 27, 2026Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today’s episode:Nasdaq enters correction territory Netflix raises prices across all streaming plans JetBlue reportedly exploring a sale to United, Alaska Air, or SouthwestUnity Software jumps 13% after raising its Q1 revenue forecastBitcoin drops to a two-week lowFun Fact: Apple is quietly making nearly $1 billion a year from AI apps 

Public.com presents the rundown. Your daily market update in under 10 minutes. My name is Zaid Admani, and today is Friday, March 27th. In today's episode, we'll break down why the NASDAG just entered correction territory and what it means for your portfolio. We'll also tell you why your Netflix bill is going up and why your summer flight to Europe might cost you double. Then stick around to the end of the show to find out how Apple is quietly

making a billion dollars a year from AI. We got a great show for you today. Let's go. Well, Thursday was an absolutely brutal one for the stock market. The S&P 500 tanked 1.7%, while the NASDAQ dropped 2.4%. It was the worst day for stocks since the war started with Iran about a month ago. Tech stocks were some of the biggest losers yesterday. Invidia and Google both dropped 4%.

while META dropped 8% after back-to-back courtroom losses this week. I talked more about META's courtroom drama on yesterday's show, so go check that out if you missed it. But yeah, it seems like tech is now back to struggling like we saw at the start of the year. In fact, the NASDAQ is now officially in correction territory, which means that it's down 10% since its record highs from back in late October. Many fun fact, the NASDAQ hasn't made a record high in over 100 days. Now, zooming out, the Iran war and oil prices are still.

driving the overall market sentiment. And despite there being talks of a peace deal and a potential ceasefire, the market doesn't seem to be buying that anymore. President Trump has said that negotiations with Iran are ongoing. He also extended the delay on striking Iranian energy infrastructure by another 10 days. Remember, the original deadline for the pause was today, but now it's April 6th. President Trump went as far to say that Iran had allowed 10 oil tankers to pass through the straight of Hormuz this week as a president.

to the United States. And typically the market is quick to jump on positive news like this. But for some reason, that's not happening anymore. In fact, Brent crude oil jumped more than 5%, and it's now back above $110 a barrel as of this morning. Even the bond market is sending signals the 10-year treasury yield just hit its highest level since July. So we might be at a point where the market is finally starting to panic a bit

about the Iran situation and a potential prolonged conflict. So yeah, the next few weeks are going to be very interesting. for the world and our portfolio. We're going to break it all down for you guys every morning, so make sure you guys are subscribed to the podcast and tuning in every day to stay in the loop. Let's run through some headlines, starting with Netflix. Netflix is raising prices again here in the U.S.

This is becoming like a yearly thing at this point. I mean, Netflix just raised prices back in January of 2025. The ad-supported plan is going from $8 to $9. a month. The standard plan is jumping to $20 a month up from 18, and the premium tier is now $27 a month, up from 25. They're also increasing the prices on the extra member add-ons. So if you're sharing your account with someone outside your household, that's going to cost more now. According to Td. Coe, this price hike is estimated to bring in 6% more in average revenue per subscriber in the US and Canada region. The thing is, Netflix has pricing power. They can just keep raising prices by a dollar

or two every year because people are unlikely to cancel. Netflix has the lowest cancellation rate out of any streaming service. So that's a big part of their bull case. You know, we might all complain about the price hike for a day or two, but most people aren't canceling. What I find funny is that everyone thought that Netflix would raise prices if they ended up merging with Warner Brothers. Well, they backed out of that merger, collected a $2.8 billion dollar break of fee in the

process, and they raised prices anyways. Now, Netflix does plan to invest more heavily in content. their content spent is expected to hit $20 billion in 2026 up from $18 billion in 2025. And that content is now expanding to things like video podcasts and live sports, which are expensive. Just this week, Netflix broadcasted the MLB opening day matchup between the New York Yankees and the San Francisco Giants. It's part of a $50 million per year, three-year deal with the MLB that includes a home run derby and the field of dream games. On top of that, Netflix also has a three-year contract with two exclusive NFL Christmas Day games per year, reportedly costing $75 million a year.

Netflix is hoping that these high-profile live sporting events will attract new subscribers and, you know, justify the price hikes. On top of that, they use these live broadcasts to promote their own content. Now, the MLB opening day broadcast wasn't perfect. Fans complained about the non-stop Netflix show promos and also production mistakes. But I think Netflix is going to continue to lean into live sports and other live events. And I think they're going to keep raising prices along the way. I do wonder, though, at what price point do customers finally start pushing back?

Maybe we're finally there. I don't know. We'll have to see. Now, speaking of prices going up, let's talk about the airline industry. I want to first start with JetBlue because they might be up for sale. According to a report from Semaphore earlier this week, JetBlue is talking to advisors about a potential sale to United Airlines, Alaska Air, or Southwest Airlines. That news caused JetBlue stock to jump 13% on Wednesday. Now, some of those gains have been paired best.

already because talks are still very early. The thing is, JetBlue has been struggling for years to compete with the bigger airlines like United and Delta. The company has been losing money and the stock has dropped 75% over the past five years. And things are only going to get worse now with jet fuel prices surging because of the war with Iran. In fact, United Airlines CEO Scott Kirby told Bloomberg this week that rising fuel costs could wipe out the smaller airlines. So I think United Airlines sees this as an opportunity to potentially consolidate. Now remember, JetBlue tried to merge in the past. They had a deal with Spirit Airlines back in

2022 for $3.8 billion, but then that was blocked by regulators in 2024. In the hindsight, that deal probably should have been allowed because now both JetBlue and Spirit are struggling to compete with the United Airlines and the deltas of the world. In fact, now United Airlines

might be the one that ends up buying JetBlue. So we'll see what ends up happening. One thing is for sure, though, travel this summer is going to be expensive because airfare has shot up. I really should have listened to my wife and booked our summer vacation plans earlier in the year. Let's talk about some stocks making moves today. Shares of Unity are surging this morning after the video game software company raised its Q1 revenue forecast to around $505 to $50 million, well above its previous

guidance of $480 to $490 million and ahead of what Wall Street was expecting. Unity's core business is their gaming engine, which is the backbone of many popular video games. In fact, 70% of the top 1,000 mobile games are built using Unity. And that has led to the success of their Vector AI advertising platform that came out in 2025. Vector AI uses player data from its massive gaming network to serve smarter, more targeted in-app ads. That business is expected to grow 15% quarter-over-quarter, according to the latest guidance. So now investors have something to be excited about when it comes to Unity. Shares are up around 10% this morning at the time of this recording. If you zoom out, though, the picture is pretty ugly. Unity stock is down around 60% for this

year and down over 90% from their all-time highs back in 2021. The company has a lot of ground to make up, but at least they have some momentum now. On the flip side, let's talk Bitcoin. The cryptocurrency just dropped to a two-week low, falling below $67,000. Bitcoin was experiencing a mini resurgence over the last couple of weeks, jumping to over $74,000 as other assets fell. But now it's given all those gains back and the Bitcoin is on the verge of hitting its lowest point for 2026. Let's wrap the show with the fun fact. Apple made nearly $900 million in App Store fees last year from AI apps like Chad GPT, Claude, and Grok, and they're on track to make over a billion dollars this year. See, when you sign up for the plus or pro tier for

these AI apps on your iPhone, well, Apple takes a 30% cut of a subscription price in year one and 15% after that. So it's funny, while everyone keeps clowning Apple for being way behind on AI and Siri being hot garbage, they're one of the few companies actually making a profit from the AI boom. You know, you've got companies like Google, meta, Amazon, and Microsoft spending, what, 30 to 40 billion dollars a quarter on AI CapEx, while Apple spends a fraction of that and still cashes in the checks. I guess that might explain what Apple is the best performing stock in the Mac 7 this year. I mean, their stock is still down 7% for the year, but it's not as bad as the other companies. Well, all right, guys, that's the rundown for today. That's the rundown for this

week. Hope you guys enjoyed today's episode if you did, and you have like five extra seconds, consider giving us a five-star rating on Apple, Spotify, YouTube, wherever you listen to your podcast. And if you are listening on Spotify, don't forget to vote in today's Spotify poll. Leave us a comment on Spotify. All that engagement really does help us out, and it helps other people find the show.

Thank you guys so much for listening, watching, and commenting. Shout out to Mike and Connor for all the work behind the scenes. And we'll see you guys back here tomorrow for the deep dive. Rosen lasagna, medium power, 15 minutes. Sounds like Ojo time. Let's play.

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