In a CNBC Exclusive: David Faber interviewed Paramount Skydance Chairman & CEO David Ellison, whose company announced a tender offer to acquire Warner Bros. Discovery for $30 per share in cash. The hostile offer comes after Netflix won a bidding war and agreed to buy Warner Bros. assets. Ellison explained why he believes Paramount's offer is superior to that of Netflix, better for WBD shareholders and Hollywood — and more likely to pass regulatory muster. He also sounded off about the WBD sale process. David, Sara Eisen and Michael Santoli discussed stocks' upward momentum ahead of this week's Fed rate decision. Also in focus: IBM's $11 billion deal to acquire Confluent, Morgan Stanley's new Tesla analyst downgrades the stock.

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