A double bubble for gold and US equities
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 9 December 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Paramount has launched a $108bn hostile bid to buy Warner Bros Discovery, US natural gas prices are soaring as the country ships record amounts of the fuel overseas, and US President Donald Trump says Nvidia will be allowed to send its H200 chips to China. Plus, retail investors are helping drive gold and US stocks towards “bubble” territory, the Bank for International Settlements has warned.
Mentioned in this podcast:
Paramount gatecrashes Warner Bros-Netflix deal with $108bn hostile bid
Surging gas prices worsen affordability crisis for Americans
Nvidia can sell H200 AI chips to China, Donald Trump says
Retail investors help drive gold and US stocks to bubble territory, BIS warns
Credit: CNBC
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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:04.0 | Today is Tuesday, December 9th, and this is your FT News Briefing. |
| 0:08.0 | The fight over Warner Brothers Discovery gets a reboot, and American Natural Gas is becoming super expensive. |
| 0:15.0 | Plus, Gold's amazing run has got some wondering whether it's entering bubble territory. |
| 0:29.6 | Given how rapid these price increases have been, I think a lot of people are wondering if it's still really safe at these levels. |
| 0:33.5 | I'm Mark Filipino, and here's the news better than anything that's on TV right now. |
| 0:47.1 | Paramount made a $108 billion hostile all-cash bid for Warner Brothers discovery yesterday. |
| 0:53.8 | That's a bit awkward for Netflix, which sealed an $82.7 billion deal for Warner Brothers last week. |
| 1:01.0 | Here's Paramount CEO David Ellison criticizing the Netflix deal on CNBC yesterday. |
| 1:06.6 | When you combine the number one streamer with the number three streamer, that creates a company |
| 1:11.1 | that has unprecedented market power. |
| 1:13.6 | That's bad for Hollywood. |
| 1:15.1 | That's bad for the creative community. |
| 1:17.0 | That's bad for consumers. |
| 1:18.8 | Paramount said some financing would come from several Middle East sovereign wealth funds, |
| 1:22.6 | as well as from U.S. President Donald Trump's son-in-law, Jared Kushner. |
| 1:26.7 | The president said on Sunday that the Netflix Warner Brothers tie-up could be a real problem |
| 1:31.2 | because of Netflix's very big market share. |
| 1:34.7 | Netflix would need federal regulatory approval for the deal. |
| 1:38.6 | Paramount and Warner Brothers saw their share price shoot up yesterday. |
| 1:42.1 | Netflix, however, ended the day down about 3.5%. |
| 1:45.8 | U.S. natural gas prices are soaring. The U.S. benchmark has hit its highest level since Russia's |
... |
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