A rival is trying to wrestle away a prized acquisition.Shares of Netflix (NFLX 3.49%) fell more than 3% on Monday after Paramount Skydance (PSKY +9.02%) intensified its pursuit of Warner Bros Discovery (WBD +4.35%). Paramount won't go down without a fightOn Friday, Netflix announced it had struck a deal to acquire Warner Bros Discovery's film and television studios, as well as its popular HBO Max streaming service, for $82.7 billion, or $27.75 per share, in cash and stock. Paramount responded on Monday by ...

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded slightly higher ahead of Tuesday's open, after the stock market drop Monday. Meanwhile, Astera Labs (ALAB), Netflix (NFLX), Nvidia (NVDA) and Tesla (TSLA) were big movers during Monday's session. Astera shares jumped 9% Monday, extending a win streak to four sessions, regaining their 50-day moving average and closing… ...

Market Overview - US stocks are experiencing a pullback as investors await the Federal Reserve's final policy meeting of the year, with expectations of a rate cut [1] - The technology sector has shown strong performance, with the XLK ETF up 8.1% over the past 10 days, significantly outperforming other sectors [1] - Defensive sectors such as utilities, healthcare, and real estate have underperformed during this period [1] Federal Reserve and Interest Rates - The 10-year Treasury yield has increased by three basis points to 4.17%, while the 30-year yield is at 4.82%, having cleared its 200-day moving average [1] - The bond market's VIX indicates low fear, which is generally positive for both bonds and stocks [1] Earnings Reports - Upcoming earnings reports include AutoZone, Campbell Soup, and GameStop, with Campbell expected to see a sales decline of 4-5% due to a strong prior year [3][4] - The NFIB optimism index is forecasted to slightly increase to 98.3, indicating stable confidence among small businesses [5] AI and Technology Outlook - Former Cisco CEO John Chambers expressed optimism about the AI sector, predicting significant growth in productivity and earnings by 2026 [7][14] - Companies like Google, Microsoft, and AMD are highlighted as key players in the AI space, with Chambers emphasizing the importance of strategic partnerships and acquisitions [11][20] Warner Brothers Discovery Takeover - Paramount has launched a hostile bid for Warner Brothers Discovery at $30 per share, raising the stakes by $18 billion [22] - The outcome of this takeover battle is expected to significantly influence the future of streaming and the media industry [24][30] - Regulatory scrutiny will focus on how the market is defined, particularly in terms of streaming versus broader media consumption [25][26]

A participant walks past a Netflix sign during the "Netflix x CicLAvia-Melrose Ave: Stranger Things 5 One Last Ride" down Melrose Avenue last month in Los Angeles. (Kayla Bartkowski / Los Angeles Times) Netflix shares dipped Monday after Paramount announced a hostile takeover bid, fueling worries on Wall Street that the streaming giant may not be able to pull off its audacious acquisition. Netflix stock closed down nearly 3.5% to $96.79 a share after Paramount moved to take its case directly to Warner Br ...

Company Developments - Paramount Sky Dance has launched a hostile takeover bid for Warner Brothers Discovery with a $30 per share all-cash offer, following Netflix's $72 billion acquisition of Warner Brothers Discovery Studio and streaming assets, which is under antitrust scrutiny [2] - Paramount's shares rose by 9% as investors anticipate a potential takeover that could significantly impact the streaming industry, while Warner Brothers Discovery shares also increased [3] - Whimo has reported over 450,000 paid robo taxi rides per week, indicating rapid growth in the autonomous vehicle sector and highlighting its lead over competitors like Tesla [4] Market Reactions - The stock of Cabbana surged over 12% after its addition to the S&P 500, marking a year-to-date increase of approximately 120% [6] - Tesla's stock experienced a decline of nearly 3.5% following a downgrade from Morgan Stanley [5] Economic Indicators - The benchmark 10-year yield reached 4.18%, influenced by expectations of a hawkish rate cut and global bond market trends, particularly in Japan [8] - Upcoming earnings reports for AutoZone and Casey's General Store are anticipated, with AutoZone projecting EPS of $3.23-$3.35 on revenue of $4.64 billion, reflecting an 8% year-over-year growth [9][10] - Casey's is expected to report revenue of $4.5 billion with EPS of about $5, continuing its trend of quarterly earnings beats [10] Labor Market Insights - The Job Openings and Labor Turnover Survey (JOLTS) data is expected to show 7.227 million job openings, providing insights into the labor market ahead of the Federal Reserve's decision [12]

Joining me now is CNBC founder and contributor Tom Rogers. He's also a senior adviser to Versent Media, our soon-to-be parent company. Tom, does it matter which of these companies gets um Warner.Uh does it matter to the industry and how it goes forward from here. >> Uh thanks for having me, John. And let me just say at the outset, I'm speaking for myself and not verant on this.Um I I think certainly there are factions within the industry that uh seem to care. Uh labor has uh come out hard against Netflix. U ...

Netflix's acquisition of Warner Bros. Discovery could be the beginning of a major shift in streaming.The ongoing battle between the big streaming players took an important turn recently, as Netflix (NFLX 3.49%) announced a deal to acquire Warner Bros. Discovery's (WBD +4.41%) film, TV, and streaming studio for $72 billion. The plot thickened a few days later when Paramount Skydance (PSKY +9.02%) made a $108 billion hostile bid for Warner Bros. Discovery.The Netflix deal, should it close, would represent a m ...

Core Insights - Spotify is transitioning from an audio-first platform to a comprehensive multimedia platform, focusing on music videos and creator-driven video content to compete with YouTube and TikTok [1] - The company has secured licensing deals with major labels for audiovisual content and is enhancing its video offerings, including new ad formats and monetization tools for creators and advertisers [2] Company Developments - Spotify has partnered with Netflix to bring select video podcasts to its platform, starting in the U.S. in early 2026, with plans for international expansion [3] - The company's market capitalization is approximately $116.3 billion, highlighting its significant position in the global streaming industry [3] Stock Performance - Spotify's stock reached a 52-week high of $785 on June 27, reflecting positive sentiment regarding user growth and profitability, but has since declined to $564.93, approximately 28% below its peak [4] - Year-to-date, the stock has returned 26.98%, and over the past 52 weeks, it has increased by 13.93%, although it has faced a 20.91% decline in the last three months [5]

Core Viewpoint - Paramount Sky Dance is actively involved in the bidding for Warner Brothers Discovery, despite Netflix being announced as the winner in the bidding race, indicating ongoing competitive dynamics in the media sector [1][2]. Company Performance - Paramount Sky Dance shares are trading up more than 7% on the day, reflecting positive market sentiment [2]. - Year-to-date, Paramount Sky has outperformed both the communication sector (up 17.6%) and the S&P 500 (up 28%) [3]. Market Context - The streaming sector is complex, with Paramount Sky being a standout performer compared to competitors like Comcast and Disney, which have diversified business models beyond streaming [4][5]. - Warner Brothers Discovery has gained attention due to acquisition news, impacting the overall market dynamics in the streaming space [5]. Technical Analysis - Paramount Sky has experienced a downward sloping channel, with recent highs at 20.86 and lows around 13.30, indicating potential support and resistance levels [6][7]. - Current trading is around 14.30, with significant moving averages indicating short-term boundaries [9][12]. Options Activity - Today's options volume is heavily skewed towards calls, with 88% of the volume being call options, suggesting bullish sentiment [13]. - Expected volatility for upcoming expirations indicates a potential move of 8.4% by December 19 and 16.8% by January 16 [14].

US stocks fell on Monday as Wall Street awaited the Federal Reserve's final policy meeting of the year, while the deal drama between Netflix (NFLX) and Warner Bros. Discovery (WBD) escalated to a new level. The Dow Jones Industrial Average (^DJI) dropped 0.5%, while the S&P 500 (^GSPC) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) declined by 0.1%. The laggard start to the trading week comes on the heels of closing gains for stocks on Friday. Markets are on the lookout for risks to almost-total con ...