By Yahoo Finance Video
Publication Date: 2025-12-19 14:27:00
00:00 Speaker A
Now it’s time for some of today’s hot tickers. We are watching Oracle, Nike and FedEx.
00:05 Speaker A
First up is Oracle, whose shares are rising after TikTok parent Bite Dance announced it had signed a deal for the US joint venture.
00:13 Speaker A
TikTok’s long-awaited new US operations will be managed by Oracle, Silver Lake and MGX.
00:22 Speaker A
and ByteDance will hold a 20% stake in this company.
00:26 Speaker A
Recall that President Trump signed an executive order sealing this TikTok deal in September, although details about the transaction were scant at the time.
00:35 Speaker A
The deal is still awaiting approval from Chinese regulators.
00:39 Speaker A
Next up is Nike. Stocks are on track for their biggest decline since April.
00:43 Speaker A
The apparel company warned that sales are likely to decline in the current quarter as the turnaround is delayed.
00:49 Speaker A
Nike is facing…