Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.

0524 ET - If questions emerge over the Federal Reserve's independence, the U.S. Treasury yield curve could steepen by 50 to 100 basis points, Candriam's Florence Pisani and Philippe Dehoux in a note. An erosion of the Fed's credibility would prompt short-dated yields to fall, reflecting more pronounced expectations of a cut in key rates, chief economist Pisani and head of global bonds Dehoux say. However, long-dated yields would rise as investors demand a higher term premium due to questions about the coherence of monetary policy and the Fed's ability to keep inflation under control, he says. (emese.bartha@wsj.com)

0502 ET - Netflix's narrative is muddied by the streamer's deal with Warner Bros. Discovery, Jefferies analysts write. The deal "adds noise to a once clean Netflix story" as it undermines the company's organic growth narrative, and will also pose integration risks, they say. However, they add that the overall view for Netflix remains positive. Netflix will remain the dominant player in streaming, and antitrust concerns are overstated given combined streaming hours for Netflix and HBO Max account for 9% of U.S. viewing time. Moreover, Warner Bros.' large headcount offers Netflix potential room for layoffs. Netflix shares gain 0.9% in premarket to $101.12. (josephmichael.stonor@wsj.com)

0436 ET - Netflix gains 1.1% in premarket trading and Warner Bros. Discovery falls 2.6% after President Trump said the proposed $72 billion sale of Warner Bros. to the streamer "could be a problem." Speaking Sunday, Trump pointed to the size of Netflix's market share should the acquisition proceed, and said he would be involved in a decision on the deal. Antitrust concerns are a cloud over the deal, and could push the closing date to the furthest end of Warner Discovery's and Netflix's 12-to-18-month guidance, Interactive Investor's head of markets Richard Hunter writes. (josephmichael.stonor@wsj.com)

0427 ET - Copper prices extend last week's gains, surging to fresh record highs on fears of global supply shortages. Futures on the London Metal Exchange rise 0.1% to $11,672.50 a metric ton, after reaching $11,771 a ton earlier in the trading session. "Supply shortages continue to spark panic buying," ANZ Research analysts say. A series of unplanned disruptions at major mines this year have strained the market. Meanwhile, further stockpiling in the U.S. due to concerns that the Trump administration could levy refined metal imports next year is raising the risk of shortages in other regions. Prices are also supported by China's pledge to lend more economic support to boost domestic demand, implementing "more proactive" fiscal policy and maintaining a "moderately loose" monetary stance, the analysts say. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

December 08, 2025 05:24 ET (10:24 GMT)

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