CNBC Business News Update - Market Midday: Stocks Lower, Nvidia Down 3%, Medline IPO Pops 25%, WBD Board Recommends Netflix As Buyer 12/17/25

Episode Date: December 17, 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 Jessica Ettinger. 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 Jessica Eddinger, CNBC. Wall Street in the Red this afternoon. The Dow down 110 points. It's being led lower by shares of Caterpillar down almost 4%. The S&P 500 index down 51 points, and the NASDAQ is down 261 points. That's a little more than 1% major averages all in the red for the week. And the S&P and the NASDAQ are in the red for the month. shares of NVIDIA are now down 3% this afternoon.

Companies whose shares have hit fresh all-time highs today include Hilton, Tesla, and the New York Times Company. 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 again, this is a two-month trading range we've been in right now in a strong position after very, very strong six-month run, but nonetheless, it's starting to feel very churny. That's CNBC's Mike Santoli. Silver hit an intraday all-time high of $67 an ounce on Wednesday.

Gold was higher as well. Crude oil ticked higher, bouncing off its lowest price in four years. Medline, the medical supply firm, became the biggest IPO, initial public offering of the year. Shears jumped more than 25 percent when it started trading on Wednesday. day afternoon. Stock buying app Robin Hood is rolling out NFL parlay and prop bets on its prediction markets platform. Critics say the move mixes up investing and plain old betting. Here's Robin Hood's CEO Vlad Teneff on CNBC. The sort of discussion about 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 that allows is a pretty effective experience to speculate on sports and all kinds of events. Warner Brothers Discoveries 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, CNB. The Consumer News and Business Channel, CNBC, we're happy we have your attention, and we promise to work hard to keep it.