Paramount and Netflix Battle For WBD, Trump's Green Light to Nvidia, Altman on AI Fears 12/9/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 9 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Faber, Jim Cramer and Carl Quintanilla led off the show with the latest on Paramount Skydance's hostile bid for Warner Bros. Discovery — plus reaction from Netflix in wake of the streaming giant's deal to acquire Warner Bros. assets. The anchors discussed President Trump's decision to allow Nvidia to sell its H200 chips to China — and what it means for the AI trade. Also in focus: OpenAI CEO Sam Altman's message to Jimmy Fallon on NBC's "The Tonight Show" about AI fears, What Walmart CEO Doug McMillon told CNBC about the state of the consumer, Home Depot falls on 2026 outlook, Fed rate decision one day away, PepsiCo and activism, Toll Brothers' earnings beat. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.7	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.
0:12.0	Future is pretty steady. The Fed meeting begins today, of course. Got a healthy diet of commentary from some consumer names like Depot, Walmart, Pepsi, and others.
0:24.6	We'll get jolts in about an hour, 10 years back to 414. Our roadmap begins with this drama in the battle for Warner Brothers Discovery,
0:28.6	as Paramount does go hostile with its latest bid.
0:30.6	And Netflix, as Ted Serando says he's super confident about his offer.
0:34.6	Plus Home Depot shares under pressure this morning.
0:36.6	The retailer cut its
0:37.8	outlook as consumers continue to pull back on spending. And President Trump giving the green
0:43.2	light to NVIDIA to sell its chips to China. It's the H-200. We'll discuss what it means for the
0:50.3	company and, of course, the broader AI ecosystem. We're going to start with Paramount, of course, Paramount Skydances, Paramount Skydance is $30,
0:58.5	all-cash offer. It's a tender for Warner Brothers. You heard about it.
1:02.2	24 hours ago right here, of course, countering that deal that Netflix already has to
1:07.4	acquire Warner Brothers studio and streaming assets, different than Paramount's offer,
1:11.9	which is for the entire company. Yesterday at a UBS conference right here in New York, Netflix's
1:16.8	co-CEO Ted Sarandos expressed optimism about his company's offer.
1:23.0	We have a deal, Don, and we are incredibly happy with the deal.
1:28.2	We think it's great for our shareholders.
1:29.5	We think it's great for consumers.
1:30.9	We think it's a great way to create and protect jobs in the entertainment industry.
1:35.3	We're super confident.
1:36.6	We're going to get it across the line and finish.
	...

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