Netflix vs. Paramount (EP. 442)

Animal Spirits Podcast

The Compound

News, Investing, Business, Business News

4.8 • 2K Ratings

🗓️ 10 December 2025

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 442 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss huge losses in the Nasdaq 100, 2026 outlooks, OpenAI, 401k millionaires, consumer spending vs. a slowing labor market, money without meaning, price cuts on housing are accelerating, baby boomer riches, Netflix and Paramount vie for Warner Brothers and more. This episode is sponsored by NEOS Investments, Exhibit A, and Fidelity Trader+. Explore NEOS Investments’ award-winning lineup at https://neosfunds.com. To book a 20 minute demo of Exhibit A with Chart Kid Matt, click this link: https://calendly.com/matt-exhibitaforadvice/20min. Or, start a risk free 7-day free trial: https://exhibitaforadvice.com/register. Learn more about Fidelity Trader+ at: https://www.Fidelity.com/TraderPlus Sign up for The Compound newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find complete show notes on our blogs: Ben Carlson’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. NEOS Disclosure: Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or view/download a prospectus at https://neosfunds.com. Please read the prospectus carefully before you invest. An investment in NEOS ETFs involve risk, including possible loss of principal. NEOS ETFs are distributed by Foreside Fund Services, LLC. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's show is sponsored by NEOS investments. Markets remain unpredictable, rate expectations keep shifting,
0:06.1	equity volatility persists, and questions around tariffs and the AI trade continue to drive uncertainty.
0:12.1	As investors consider portfolio positioning for 2026, Nios ETFs may offer a way to stay invested
0:18.3	across equities, fixed income, and alternative asset classes,
0:21.6	while seeking outcomes like monthly income, enhanced tax efficiency, upside potential, or in some cases, a measure of downside production.
0:29.2	The award-winning firm behind the etF.com, Best New Active ETF, and ETF Express, Best Options Strategy is ETF issuer, $1 to $10 billion, offers a suite of
0:39.4	options-based ETFs that aim to harness volatility for monthly income, enhance after-tax
0:43.8	outcomes, and potentially complement core allocations.
0:47.1	From equity and alternative high-income strategies to enhance fixed-income strategies,
0:50.9	NEOs aims to deliver next evolution option strategies for today's uncertain markets. Explore their award-winning lineup at Niosfunds.com. That's Niosfunds.com to learn more. This podcast is also brought to you by Exhibit A. All right, financial advisors, listen up. Are you still using outdated misbranded charts in your client decks? You know the ones. Your logo's in the corner where the color screen, someone else is firm. Piecing together a Frankenstein deck from the blog screenshots and old PDFs isn't going to cut it in 2026. Your content needs to look uniform and professional. That's why we built Exhibit A because we had old outdated charts too until Chart Kid Matt came along, right? You're exactly right, Ben. Chartkin Matt has already done the analyst's work for you.
1:30.2	Just drop in your logo, your headshot, brand colors, and kaboom.
1:34.8	You get instant access to over 140 of the industry's best charts, all updated daily
1:40.3	with expert key talking points.
1:42.9	Build your decks, quarterly reports, and marketing material,
1:45.8	all branded, clean, compliance-friendly, and client-ready. Plus, we drop a brand-new chart
1:50.9	of the week every Friday, so you've always got fresh, timely charts to share. It's like having
1:55.5	a full research team behind you for 95% less of the cost. Book a demo with Chartkin Matt right now
2:00.6	by scanning the QR code on the screen. And for advisors that are listening, head to ExhibitA4advice.com to learn more. Hey, listen, every week I'm giving Matt ideas. Hey, Matt, how about this chart for chart of the week? How about this one? And we're building them together. So that's like up-to-date charts too. you're not going to get that anywhere else. Not cheap-te.
2:18.1	That's right.
2:23.8	Welcome to Animal Spirits, a show about markets, life, and investing.
2:27.9	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
2:33.1	All opinions expressed by Michael and Ben are solely their own opinion
	...

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