SOTS 2nd Hour: Fed Chair Race Developments, WBD-Netflix Latest, & LIVE: Robinhood, Oklo CEOs 12/17/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 17 December 2025

⏱️ 46 minutes

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Summary

Carl Quintanilla, Sara Eisen, and David Faber began the hour with the state of the race for the next Fed Chair following developments overnight - before getting into the market picture with Interactive Brokers' Chief Strategist Steve Sosnick. Plus: David brought the latest on Netflix's increasingly contentious bid for Warner Brothers Discovery, as the latter name tells shareholders to reject Paramount-Skydance's hostile bid... And the team caught up with 2 CEOs: Robinhood's Vlad Tenev, on the heels of the company jumping into betting markets - and later on, Oklo's Jacob DeWitte fresh off developments when it comes to new energy sources for the nuclear company. Also in focus: the fate of Oracle's newest data center - as talks with one key funder reportedly stall... And the latest from Washington amid a bipartisan battle over ACA subsidies.

Transcript

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0:00.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl
0:10.5	Kintania and David Faber. We are live, as always, from post nine of the New York Stock Exchange.
0:14.7	Coming up this hour, two big CEO interviews, you can't miss. Robin Hood's Vlad Tenev will
0:19.3	join us as the company announces new prediction
0:21.7	market features around the NFL. Plus, we'll be joined by the CEO of Oaklo after the nuclear
0:26.6	company completed a key plutonium test as the AI industry demands more and more power. And David
0:33.4	will bring us the latest, of course, in the Warner Brothers Discovery drama highlights from
0:37.0	interviews with two of the central players he had this morning.
0:40.6	But, guys, the race to see who will be the next Fed chair is on, and there's a new twist, and that is that Fed Governor Chris Waller is going to be interviewed by the White House today.
0:52.3	That was first reported by the Wall Street Journal.
0:54.5	Our Steve Leesman just speaking to him at the Yale conference.
0:56.9	Just want to show you the Kalshi odds here on who the next Fed share will be.
1:01.1	Remember, Powell's term doesn't end until next May.
1:04.3	So next June meeting will be the first of the new Fed share.
1:08.0	But the odds have been all over the place.
1:09.8	Kevin Hassett is still the favorite here, 55 percent, 50 something percent odds or so, 54. And then Chris Waller and Kevin Warsh are sort of around 20 percent. Again, this is just the betting markets. They don't know much, but going on some of these words of rumors of who's at the White House, who's doing the meetings.
1:28.3	We know the president himself has mentioned both Kevin's being frontrunners.
1:32.3	You know, Chris Waller, the Fed governor, did speak this morning to Steve about his views on monetary
1:39.3	policy.
1:40.3	So, you know, since he is going to be talking to the president about it, one of the key questions right now to sort of gauge whether you're a hawk or a dove or how many cuts you might want
1:48.6	is where he thinks neutral is. And that's something Steve asked him. Listen.
1:53.8	I still think we're probably, you know, maybe we're 50 to 100 basis points off of neutral.
	...

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