SQUAWK BOX, WEDNESDAY 19TH OCTOBER, 2022

Netflix shares soar in extended shares on the news that the streaming giant has increased subscriber numbers by 2.4m in the third quarter to double expectations. Goldman Sachs tops quarterly earnings forecasts despite revenue and profit falling off. CEO David Solomon tells CNBC the lender is bracing for a downturn in the U.S. Wall Street enjoys a second straight day of gains on strong earnings despite a volatile session. U.S. futures are also set to move higher. New Hong CEO John Lee urges the territory to attract more global talent during his maiden address after Covid restrictions were eased. The EU moves to tackle high gas prices and to avoid an energy bidding war between member states. However it falls short of imposing an energy price cap.