Squawk on the Street SOTS 2nd Hour: Fed Chair Race Developments, WBD-Netflix Latest, & LIVE: Robinhood, Oklo CEOs 12/17/25
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Dec 17, 2025 
Vlad Tenev, the CEO of Robinhood, dives into the company's expansion into prediction markets, including NFL parlays and player prop bets. He highlights how these markets can serve as real-time forecasting tools for traders. Jacob DeWitte, CEO of Oklo, discusses a groundbreaking plutonium test, revealing how surplus Cold War plutonium can be repurposed as bridge fuel to accelerate the deployment of nuclear reactors, addressing energy supply bottlenecks and market needs.
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Waller Signals More Fed Cuts Ahead
- Fed Governor Chris Waller signals more rate cuts by saying policy is likely 50–100 bps above neutral.
- That dovish stance highlights labor-market weakness as a bigger concern than inflation.
Market Caution Despite AI Gains
- Steve Sosnick warns of a cautious market with a 2026 S&P target of 6,500 driven by election-year and new-Fed risks.
- He expects a pullback rather than a full bear market if employment weakens faster than the Fed can react.
Warner Bros. Chooses Certainty Over Higher Bid
- Warner Bros. rejects Paramount's $30 cash offer, citing doubts about equity financing and trust guarantees.
- The board favors the Netflix deal for perceived certainty and completion risk mitigation.