The Pre-Market Rundown: May 6, 2024
Wall Street is set to open higher. The markets are coming off a positive week, with the down the NASDAQ both up more than 1%. Paramount has reportedly agreed to start buyout talks with a group led by Sony Pictures and private equity firm Apollo Global. An exclusive window with production company Skydance Media expired Friday. Last week, Sony Group reportedly made a $26 billion offer for Paramount. The New York Times says Paramount’s controlling shareholder Sherry Redstone. For first guidance because it would face fewer regulatory issues, former Starbucks CEO Howard Schultz is criticizing the coffee giant, saying it needs to renew focus. Starbucks reported disappointing earnings last weekend. In a post on LinkedIn, Schultz says the company should start by fixing its U.S. business, which he says was the quote primary reason for the company’s fall from grace. Starbucks hasn’t commented, but its current CEO said last week he’s mounting a turn around, including speeding up service during morning hours to meet customer demand. And YouTube is testing out AI to help you skip to the good part 9 to 5. Google reports some YouTube Premium subscribers can now jump to the most watched part of a video, but only in the YouTube app. They can now double tap the right side of the screen, which normally skips ahead 10 seconds, then tap a Jump ahead button that appears. YouTube Premium cost 1399 a month For CNBC Business News. I’m Silvana Hanau.