Live in 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. Another twist in the battle for Warner Brothers, Paramount Skydance, making a hostile bid for the media company, can it beat out Netflix and what will it mean for the streaming space? And the great rate rally yields from the U.S. to Germany to Japan are on the rise, with that signals about the Fed's next move and are markets too optimistic about a rate cut. Plus, a big win for NVIDIA. The news that had structured therapeutic shares nearly doubling in size and cleanup on Isle 10 can Staples Stock, Proctor and Gamble, rebound for more than two-year lows. We'll debate that. I'm Melissa Lee. I'm Melissa Lee. I'm talking to you loud from studio, be at the NASak. On the death tonight, Tim Seymour, Karen Feinerman, Courtney Garcia, and Guy Adami. We'll get to the global rise and rates in just a few minutes, but we start off with that new twist in the battle for Warner Brothers. Paramount Skydance coming in with a new $30 of share bid to acquire the entirety of Warner Brothers Discovery. CEO David Ellison telling our own David Faber this morning that the deal is better than the offer Netflix made on Friday.

Our deal is pro-consumer.

It's pro-creative talent.

It's pro-competition.

And we believe that when you actually, to further contextualize, there are $30 in cash,

or sorry, $30 a share is basically $17.6 billion in cash more than the $23 in share that

they signed up.

Netflix co-seo, Ted Sarando, speaking in a conference this afternoon saying he is, quote,

super confident his company will end up the winner.

But shareholders don't seem too excited about the deal.

Netflix stock has lost nearly 12% in just last week.

So how do we trade this here?

On Friday, we had the dynamic where we had the two bids.

We didn't have a higher offer from Paramount Skydance yet.

And you guys were wondering,

since you're both in WBD, why isn't WBD higher? Well, why weren't my options moving?

And so I'm long calls and the stock. And I added the calls sometime early last week when I

sensed that this was going to be a bidding war. And obviously, there is an element

in terms of the shares where there's some part of this that's still going to probably hang open

until we don't know where this is going to go. We don't know where the Warner Brothers Board

will decide. We don't know where the regulators will be. So there's that period where my January

16, Exbury, might

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