CNBC Business News Update - Market Close: Stocks End Lower, Traders Await Fed Meeting, Paramount Skydance Going After WBD

Episode Date: December 8, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jill Schneider Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jill Schneider, CNBC. Wall Street kicked off the week with losses as investors await the Federal Reserve's last meeting of the year. All of the major indexes finishing in the red. The Dow tumbled 215 points, nearly half a percent. The S&P 500 dropped 24 points, about a third of a percent, and the NASDAQ dropped 32 points. Traders have grown increasingly hopeful over recent weeks that the Fed will lower interest rates once again after issuing a quarter percentage point. at its meetings in September and October. Black Rock's Rick Reeder weighed in. I think now, given the deceleration you're seeing in labor and a bit elevated inflation, but it's not really impacted by this interest rate, that I think you can get to 3% without any question whatsoever. I think this committee will go in a more deliberate fashion, but yes, I would go to get to 3%.

Shares of Warner Brothers Discovery rose about 5% to a new 52-week high. Paramount Skydance is launching a hostile bid for the company. CEO David Ellison spoke exclusively with CNBC. This deal, if it is allowed to move forward, will actually be the death of the theatrical movie business in Hollywood. We're sitting here today trying to save it. Paramount is going straight to shareholders with an all-cash $30 per share offer. Netflix won a bidding war for the Warner Bros. Film Studio and HBO Max streaming service, but it doesn't plan to buy WBD's TV networks.

Barton Crockett covers internet media for Rosenblatt Securities. He downgraded Netflix on its blog. blockbuster deal, saying it puts the company in an extended period of uncertainty and risk. I'm just unconvinced by so much of the uncertainty around here that I'm stepping aside. Shares of confluence soared 30% after IBM said it would buy the company in an $11 billion deal. Google Monday said it plans to launch the first of its AI powered glasses in 2026, the tech company ramping up its efforts to compete against meta in a heating consumer market for AI devices. Home D listings in October were up more than 45%.

year-to-date and up nearly 38% from October 2024. That according to a new report from Realtor.com. Cancelled purchase agreements also on the rise, now well above pre-pandemic levels. Jill Schneider, CNBC. CNBC, live ambitiously.