David Faber engaged in a wide-ranging exclusive interview with Skydance Chairman &amp; CEO David Ellison and Co-CEO Ynon Kreiz. They discussed the future for the company formed by Paramount&#x27;s acquisition of Warner Bros. Discovery. Issues included competition, growth strategy and how AI will transform every part of its business. Carl Quintanilla, Jim Cramer and David shared interesting post-interview perspectives. Skydance rang the opening bell at the NYSE. Also in focus: Crude prices jump on Middle East tensions and Hurricane Isaias developments; Treasury yields rise and hover near 24-year highs on interest rate comments from Fed Governor Waller; PepsiCo moves higher and Levi Strauss slides after posting earnings, energy stocks rally while bank shares remain under pressure.<br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9AM HOUR: Faber Exclusive With Skydance CEOs, Crude Oil Surges, Yields and the 'Waller Effect" 10/8/26

Squawk on the Street

[SPEAKER_09] Market Insight and Analysis. You're listening to the opening bell of CNBC's Squawk on the Street. I'm very happy, obviously, to be joined by David Ellison and E9 Cries. You're gonna be ringing the bell about 50 minutes from now or so. It's been quite a journey, David. I followed it very closely, of course, as you know. You know, you started the bidding for Warner at $18 a share. You ended at $31.

[SPEAKER_09] When you include what you had to pay Netflix for their break fee, it was an increase of as much as $47 billion from your initial bid.

[SPEAKER_04] Why is it worth it? Well, first, David, I don't know what you're talking about in terms of the journey here. It was smooth and easy. And no, it truly is. Walking in here today was quite remarkable because I remember the last time we're here was when we launched the hostel on your show. So they have becoming full circle today is really quite remarkable. And look, the reason why we went through everything that we did is because with the combination and the completion of this transaction, we are positioned to win in every single vertical that we operate in.

[SPEAKER_04] By combining Paramount and Warner Brothers, we have the greatest content engine with marquee intellectual property. You're uniting Lord of the Rings, Harry Potter, the DC universe under the same house as Mission Impossible, Top Gun Maverick, G.I. Joe, Transformers. You're immediately getting to scale and streaming between HBO Max and Paramount Plus, over 200 million global streaming subscribers with with an addition to Pluto, 80 million monthly active users.

9AM HOUR: Faber Exclusive With Skydance CEOs, Crude Oil Surges, Yields and the 'Waller Effect" 10/8/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

9AM HOUR: Faber Exclusive With Skydance CEOs, Crude Oil Surges, Yields and the 'Waller Effect" 10/8/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.