CNBC Business News Update - Market Close: Stocks Lower, Silver And Gold Hit Fresh Record Highs, YouTube Will Stream The Academy Awards 12/17/25

Episode Date: December 17, 2025

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I'm Jessica Eddinger. CNBC. Wall Street opens Thursday morning after a down day for the major averages. The S&P 500 index is on a four-day losing streak. Let's start with the Dow. It was down 228 points on Wednesday, a half a percent. Shares of Caterpillar led it lower. They were down four and a half percent. The S&P 500 index fell 78 points, more than 1 percent. The NASDAQ, down 418 points. 8%. The S&P and the NASDAQ are in the red for December. Shares of NVIDIA down almost 4% on Wednesday. Companies who shares at fresh all-time highs Wednesday include Capital One, the New York Times Company, Marriott Hilton and Tesla. People don't really want to give up on the idea that the market should be relatively strong into year end. We're up 16% after being up 20% two years in a row before it. So I don't think people are panicking out, but they're definitely

questioning and we're again this is a two-month trading range we've been in right now in a strong position after a very strong six-month run but nonetheless it's starting to to feel very churny cnbc's mike santoli silver and gold each hit fresh record highs on wednesday platinum is at its highest since 2008 crude oil higher bouncing off its lowest price in four years medline the medical supply firm became the biggest initial public offering of the year shares jumped more than 25% when it started trading Wednesday afternoon. Alphabet's YouTube paying an undisclosed amount to stream the Academy Awards, which are leaving ABC television. The four-year deal on YouTube starts in 2029.

ABC has had the Oscars since the 1970s. Stock buying app Robin Hood is rolling out NFL Parlay and Prop Betts on its prediction markets platform. Critics say the move mixes up investing and plain old. holding. Here's Robin Hood's CEO Vlad Tennis on CNBC. The sort of discussion about, you know, gambling versus trading ends up in almost like a debate over the meanings of words. I think the main critical difference with prediction markets is that these trades are happening on a CFTC regulated exchange where there's a market between buyers and sellers. And I think what we're seeing now is that this infrastructure is so powerful and generalizable that, you know, one of the many things

it allows is a pretty effective experience to speculate on sports and all kinds of events. Warner Brothers Discovery's Board told its shareholders that the Netflix offer is better than the Paramount Skydance offer. Here's the chairman of the Warner Brothers Discovery Board. The nickname for Paramount Skydance, by the way, is P. Sky Sky. Netflix made a compelling offer. It was heavy in cash, certainty of clothes, a high termination fee. It had all, and they responded to the operating issues that we were concerned about. Peace Guy had every opportunity to deal with that broad range of issues, and they chose not to. That's Warner Brothers Discovery Board Chair Samuel D. Piazza on CNBC.

On Thursday's watch list, we get a read on inflation with. the delayed CPI Consumer Price Index. Earnings are coming from big names, too, like Nike, FedEx, KB Home, the Home Builder, CarMax, Accenture, and Olive Garden Parent Darden restaurants. Jessica Eddinger, CNBC. The Consumer News and Business Channel, CNBC, we're happy we have your attention,

and we promise to work hard to keep it.