CNBC Business News Update - Market Open: Stocks Mixed, Paramount Skydance Launches Hostile Bid For WBD, Five Below Upgraded

Episode Date: December 8, 2025

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I'm Jill Schneider, CNBC. Stocks have opened mixed on this Monday. The Dow is down 155 points, about a third of a percent. The S&P 500 is flat. The NASDAQ is up 73. Paramount Skydance is launching a hostile bid to buy Warner Brothers Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets. Paramount Skydance chairman and CEO David Ellison spoke exclusively with CNBC,

saying his company just wants to finish what it started. 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 will go straight to WBD shareholders with an all-cash-30-per-share offer. That's the same bid WBD rejected last week. Oracle shares climbing in early trading amid investor optimism

ahead of the company's quarterly results on Wednesday. Confluent shares soared 29% after IBM. said it will acquire the company in an $11 billion deal. That's expected to close by the middle of next year. Berkshire Hathaway announced this morning Todd Combs, investment officer and Geico CEO will leave the conglomerate to join JPMorgan Chase. Five below rose more than 2% after Truist upgraded the discount retailer to buy from hold. Truist saying the stock has much further to go on the upside.

Jill Schneider, CNBC. You come to my show and you learn how to do stocks. Mad Money, Weeknight, Six Eastern, CNBC.