Squawk on the Street Squawk on the Street 2/10/26
10 snips
Feb 10, 2026 
Jerry Cardinal, founder and CIO of RedBird Capital and partner in Paramount’s bid for Warner Bros. Discovery, explains the enhanced offer and shareholder mechanics. Brian Moynihan, chairman and CEO of Bank of America, discusses the bank’s tech and AI investments, consumer spending trends, and regulatory shifts. Multiple short interviews cover deal structure, antitrust steps, and banking policy.
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Episode notes
Retail Miss Softens Growth Outlook
- December retail sales missed across the board, muting Q4 GDP prospects and softening the labor-sensitive parts of the economy.
- Markets are pricing more Fed cuts as Treasuries and yields respond to downbeat economic hints.
Paramount Tightens Its Warner Bid
- Paramount enhanced its $30 all-cash offer for Warner Bros. Discovery by tightening contract terms and adding protections.
- Changes include separating the $2.8B breakup fee, backstopping financing and adding a ticking fee to increase consideration over time.
Buy AI Where It’s Embedded
- Embed AI into existing platforms rather than assuming AI will fully displace software vendors.
- Bank of America will keep spending on technology and buy from providers who embed AI effectively.