Stock Market Live December 5: S&P 500 (VOO) Flat, Netflix Down on HBO Deal Cost

This nonfiction volition beryllium updated passim the day, truthful cheque backmost often for much regular updates.

As Friday dawns, today's large quality is that Netflix (Nasdaq: NFLX) volition bargain streaming work HBO Max, arsenic good arsenic the Warner Bros. workplace belonging to Warner Bros. Discovery (Nasdaq: WBD). Netflix banal is down astir 4% connected the news, and Warner Bros. banal is up much than 4% -- but the Vanguard S&P 500 ETF (NYSEMKT: VOO) is shrugging disconnected the quality arsenic a non-event, and inactive level premarket.

Netflix volition wage $72 cardinal for the Warner Bros. assets, but the woody is not expected to adjacent for different 12 to 18 months -- and a batch could hap betwixt present and then, up to and including national antitrust involution forbidding the woody to hap astatine all. (In the lawsuit the woody falls through, Netflix volition person to wage Warner Bros. Discovery a $5.8 cardinal "breakup fee." Conversely, if Warner Bros. chooses to telephone disconnected the sale, it volition request to wage Netflix $2.8 billion.)

In the meantime, Warner Bros. volition proceed with plans to rotation disconnected the parts Netflix is not buying, including cablegram networks TNT and CNN, arsenic "Discovery Global."

That spinoff should hap successful Q3 2026.

Assuming the Netflix woody is allowed to proceed, the institution volition wage Warner Bros. Discovery shareholders $23.25 successful currency and $4.50 successful shares of Netflix communal banal for each stock of Warner Bros. Discovery they hold.

• Netflix has won the bidding warfare for Warner Bros. Discovery’s assets.

• Delayed authorities economical information for September should beryllium released aboriginal today.

• If you’re reasoning astir retiring oregon cognize idiosyncratic who is, determination are 3 speedy questions causing galore Americans to recognize they tin discontinue earlier than expected. instrumentality 5 minutes to larn much here

Later today, the authorities is expected to people information from September (its merchandise was delayed by the authorities shutdown) connected user spending and income, arsenic good arsenic the idiosyncratic depletion expenditures terms index.

It's unclear however the marketplace mightiness measurement this news, fixed it volition beryllium astatine slightest 30 days retired of date, and won't incorporate overmuch accusation astatine each astir however the authorities shutdown affected these numbers.

In net news, Hewlett-Packard Enterprise (NYSE: HPE) bushed net by 4 cents past night, reporting fiscal Q4 2025 nett of $0.62. Revenue for the 4th missed targets, however, coming successful astatine lone $9.7 billion, and guidance for fiscal Q1 2026 looks likewise weak, with gross of nary much than $9.4 cardinal wherever Street analysts person been expecting $9.9 billion.