Live for the NASAC market site in the heart of New York City's Times Square. This is Fast Money. Here's what's on top tonight.

Reading the Oracle. The software giant has been trying to get its momentum back heading into next week's earnings report, but will the number has helped the stock get back to new highs?

We'll debate that and get a read from the options pits. And stealing the deal, Warner Brothers has finally picked a partner for its studio and streaming business, but one of our traders has some questions about the stock move, what's on his mind, how you should play the trade now. Plus, we count down to the last Fed meeting of the year, shares of all to get a glow up after earnings and mining for gains. What's driving copper companies to records and how to trade the stocks right now. I'm Melissa Lee. Come to you live in studio B at the NASDAQ on the desk tonight.

Tim Seymour, Karen Feinerman, Courtney Garcia, and Mike Co.

We start off with the countdown to Oracle earnings next Wednesday night.

The company posts a blowout quarter in September, briefly hitting a market cap over a trillion dollars,

but stock has struggled a lot since, dropping nearly 40 percent, shedding more

than $300 billion in value and concerns over how Oracle will finance its AI build have sent

CDS spread soaring. Still shares are up almost 8 percent since Monday, notching their best week

since the fiscal Q1 report. So what do you expect to hear from Wednesday's report and what

will it signal for the AI trade? It has been an AI risk barometer of sorts. So, Tim, what do you

think? Well, I think for investors that are truly trying to weigh Oracle of a couple months,

actually just old Oracle versus New Oracle, and we talk about the difference in the business and the high margin versus the low margin. But really, there is zero open AI in here. And I'm hearing this from a number of analysts around the street. And if you look at where the stock has traded back to and good for Dan Nathan, who talked about a back and fill in terms of some of those gaps. And I think you have a dynamic here where the optionality is is to the upside for sure I think the valuation

is interesting I think the company's interesting I think they're well positioned I think

they're well positioned politically I think there's a dynamic here though it feels a little bit

like an invidia moment for the market and what I mean by that is it's it's an earnings report

that I think is they tell more broadly on what's going on in the space. And we're all here talking for the last few weeks why some of the Mag 7 hyperscalers aren't trading as they did before. And I think the dynamic here is really we want to hear from Oracle just how much CAPEX is, how much of a debt chase is there? Or are they going to kind of meet demand with more debt and CAP-X as it goes? Is this just going to be blind investment? I think they're going to have to, and I think they do a very good job on their earnings reports about speaking to the market. And I think they're going to try to allay some of those fears. And I think they probably should. How we got into a point, Karen, where

Oracle is an idiosyncratic story. It's more of a story in and of itself, as opposed to a

barometer of AI. I think it's both. So they certainly sort of took on the mantle of being the

proxy for the story after that last quarter. But I think that, you know, it's interesting.

Will this be the first call without Safra Katz? Oh, I'm not sure. Well, that was, she was on the last

call. Yeah, she was. That quarter that was just so stunning that sort of ended up fading

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