- Morning Watchlist
- Posts
- WBD Urges Shareholders to Reject PSKY Bid Again
WBD Urges Shareholders to Reject PSKY Bid Again
Rick Ducat, CMT
January 07, 2026
Stocks are lower in early trading with S&P futures (/ES) down -0.08% and Nasdaq futures (/NQ) down -0.24%, with news breaking that Warner Bros. Discovery (WBD) board members once again unanimously recommended that shareholders should reject Paramount Skydance’s (PSKY) hostile all-cash takeover offer of $30/share.
President Trump said in a social media post that Venezuela will relinquish up to 50 million barrels of oil (~$2.8 billion) to the U.S. as energy markets continue to assess the situation after the President Nicolas Maduro’s capture in the oil-rich nation.
Traders have plenty of ecodata to parse through today with JOLTS, ADP Employment, ISM Services Index, and Factory Orders. Meanwhile, Constellation Brands (STZ) will report earnings after the closing bell.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are down 0.3%. President Trump said Venezuela will relinquish almost $3B worth of oil to the U.S.
Gold (/GC) – The yellow metal is down about -0.9% near 4,460, stalling somewhat after closing yesterday at a 4% gain for 2026.
Bitcoin (/BTC) – The cryptocurrency is down roughly -0.6% at about 92,220after yesterday’s -0.95% decline.
VIX – The VIX closed at 14.75 yesterday, slightly down from the previous close of 14.90.
U.S. Dollar (/DX) – The greenback is flat near 98.33 after a +0.29% move yesterday.
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
REGN | Regeneron | +1.99% |
ALB | Albemarle | +1.81% |
LOW | Lowe’s | +1.42% |
HSY | Hershey | +1.07% |
TT | Trane Technologies | +1.02% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
DECK | Deckers Outdoor | -4.15% |
FSLR | First Solar | -3.82% |
NEM | Newmont | -2.10% |
FCX | Freeport-McMoRan | -1.71% |
CCL | Carnival | -1.70% |
Economic Data
Time | Event |
|---|---|
8:15 AM ET | ADP Employment Report |
10:00 AM ET | U.S. ISM Services JOLTS Factory Orders |
10:30 AM ET | U.S. Weekly Crude Oil Inventories |
4:10 PM ET | Fed’s Bowman Speaks |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
ACI | STZ | HELE | TLRY |
Upgrades/Downgrades
Oppenheimer upgrades McDonald’s (MCD) to Outperform from Perform
Barclays upgrades Lowe’s (LOW) to Overweight from Equal Weight
Melius Research upgrades Trane Tech (TT) to Buy from Hold
Wolfe Research downgrades JPMorgan Chase (JPM) to Peer Perform from Outperform
BMO Capital downgrades Union Pacific (UNP) to Market Perform from Outperform
Piper Sandler downgrades Arthur J. Gallagher (AJG) to Neutral from Overweight
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.