CNBC Business News Update - Markets Midday: Stocks Rebound Ahead Of Fed Decision, Paramount Details Why It Joined Bidding For Warner Bros., Release Date Revealed For December Jobs Report

Episode Date: December 9, 2025

The latest in business, financial, and markets news and how it impacts your money, reported by CNBC's Peter Schacknow. 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 Peter Shack now, CNBC. Stocks are rebounding from yesterday's slide as Fed policymakers begin their two-day meeting. The Dow up 133 points at 47,872, the S&P 500 adding two-tenth of a percent or 13 points, and the NASDAQ 29 points higher or a tenth of 1%. The markets are headed toward another positive year, but not every sector has managed to keep up with the overall market. Doug Clinton is CEO of Intelligent Alpha, which makes use of artificial. intelligence to analyze stocks. Software as a category had a terrible 2025. If you look at the IGV, the largest software, ETF, up 9% year-to-date, QQQQQ up 22%. So software just hasn't benefited

from AI yet. I think next year that story could shift. I think names that ultimately have durable user bases and could benefit from AI agents using their technology over time. Those are the kinds of software names you want to investigate. Adobe is one of the names that Clinton says fits that description. Facebook Parent Meta Platforms has a stake of at least 3% in SLR Luxottica, according to a board member of the company behind Rayban Glasses. That stake had been previously reported from sources but not confirmed. Meta's Rayban Glasses, which let users take photos and stream content, have boosted SLR Luxottica's sales this year. Paramount says a lack of response to its buyout overtures led to its hostile

takeover bid for Warner Brothers Discovery. That's according to a new SEC filing, Paramount's bid is an attempt to undo a planned purchase of the Warner Brothers Studio by Netflix. The December Employment Report will be released on January 9th, according to the Bureau of Labor Statistics. That's a week later than usual, with data collection delayed by the now-ended government shutdown. Peter Shack now, CNBC.