The Rundown

The market shows intriguing moves as the 10-year Treasury yield climbs, hinting at potential inflation risks. Trump greenlights Nvidia's H200 chips for China, albeit with a hefty revenue cut for the U.S. Meanwhile, Google hints at launching smart glasses in 2026, vying to capture consumer interest in wearable tech. Ares Management celebrates a spot in the S&P 500, while Toll Brothers struggles with soft housing demand. And in entertainment, Netflix rolls out a live mobile game show, aiming to boost user engagement.

In a lively discussion, the host breaks down last week's market rally, showcasing near-record highs for the S&P and NASDAQ. Exciting developments include Netflix's $72 billion acquisition of Warner and Trump's concerns about antitrust implications. Paramount is making waves with a $108 billion hostile bid for WBD, putting shareholders in a tough spot. Additionally, IBM’s recent $11 billion acquisition of Confluent boosts its cloud and AI strategies. The episode also touches on wealth distribution, revealing that Americans over 70 control a staggering 31% of national wealth.

Netflix's monumental $83 billion acquisition of Warner Bros and HBO is under the microscope. The discussion explores the implications of taking on $75 billion in debt and the mixed reactions from Wall Street. Zaid delves into competitive pressures, particularly from Paramount, and potential regulatory hurdles. Insights into subscriber growth, iconic intellectual property, and advertising opportunities present both optimistic and cautious perspectives. Ultimately, the analysis balances bullish potential against long-term risks for investors.

Craig Bealmear, CFO of Oklo, shares insights on the surge in demand for small nuclear reactors amid America's energy revival. He discusses innovative regulatory changes that are speeding up deployment and Oklo's groundbreaking Aurora powerhouse. The impact of the AI data center boom on energy needs is highlighted, showcasing a diverse 14-GW order book. Craig also navigates managing expectations as a pre-revenue public company and engages with retail investors, giving a transparent look at Oklo’s future milestones in this evolving industry.

A groundbreaking $83 billion acquisition sees Netflix gobbling up Warner Bros. Discovery. The deal's structure involves cash and stock, but Netflix is leaving out cable channels to focus on new assets. Market reactions are mixed, raising antitrust concerns and shareholder worries. Meanwhile, Tesla launches an affordable Model 3 in Europe, betting big on full self-driving tech as the future of their success. Plus, beauty retail shines with Ulta's robust earnings, while HPE faces setbacks with AI server delays.

Small cap stocks are on the rise, fueled by rate-cut expectations. Meta shakes things up by hiring Apple's design chief for smart glasses and VR. Meanwhile, Sam Altman considers entering the space race with plans for a SpaceX competitor. Salesforce delivers strong earnings, while Snowflake faces slowing growth despite a solid report. Lastly, Fanatics dives into the prediction market arena, raising questions about regulations and competition with traditional sportsbooks.

In a dynamic market update, Trump hints at Kevin Hassett for the Fed Chair role, potentially influencing future rate cuts. Anthropic plans a 2026 IPO, showcasing impressive valuation and growth. Meanwhile, Amazon unveils its new Tranium 3 chips, with Anthropic as a major customer, signaling a tech revolution. Earnings reports reveal American Eagle's strong performance while Macy’s forecasts provide mixed signals. In a philanthropic twist, Michael Dell makes headlines with a significant donation aimed at educating and investing in the future of children.

Market updates reveal significant S&P and NASDAQ drops, alongside concerns over Bitcoin’s steep decline and fears of a crypto winter. In a surprising twist, Apple's AI chief, John Giannandrea, steps down, leading to a new hire with a strong Google background. OpenAI faces challenges as Sam Altman initiates a code red in response to competitive pressures, while the company grapples with massive costs and strategic delays. Meanwhile, Credo impresses with record earnings, and holiday Buy Now, Pay Later usage shows a promising trend despite consumer strain.

Dive into a market recap from November, featuring a mixed performance with an S&P gain but Nasdaq struggles. Explore Tesla's significant drop in European sales alongside contrasting results in Norway. Discover the fierce competition between Alibaba and ByteDance as the latter gains traction. Plus, NVIDIA's hefty $2 billion investment in Synopsys signals strategic ambitions. Finally, learn how kid-friendly films like Zootopia 2 are boosting theater attendance.

Adam Kobeissi, Founder and Editor-in-Chief of The Kobesi Letter, dives into the competitive landscape of AI between Nvidia and Google's TPUs. He argues that increased competition could expand the AI market rather than threaten Nvidia's dominance. Kobeissi discusses how the Fed's response to labor market weakness may lead to rate cuts, impacting the broader economy. Additionally, he emphasizes the importance of asset ownership in today's market and warns of geopolitical risks and potential economic challenges ahead.