micron, kla, intel all about 4% higher intel's self-driving unit mobile eye plans to go public on the nasdaq that's helping drive intel a little higher today. chips, nvidia and amd off 60% or more from their 52 week highs and lastly you've got shares of lodge tech lower the analyst noted high consumer exposure could leave the company vulnerable, and let's end with a quick check amazon, apple, google, microsoft all up 2% or more, but apple's still about 5% lower in the past week microsoft just hit a fresh 52-week low earlier this morning but is clearly rebounding now. deirdre. >> alphabet isn't too far off either thank you very much. >>> after the break, we talked about it earlier, we're going to do it again, kim kardashian ttchgewith the s.e.c that story is next ♪ ♪ ♪ ♪ zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, ♪ ♪ which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. >>> welcome back, kim kardashian, crypto, instagram, and a million dollars s.e.c. settlement, our julia boor

but intel lowest level since march of 2014 and at&t lowest level since march of 2003.laying out. octa since november of 2018. block the company formerly known as square april 2020 and nvidia since august tuskegee. a 2020 and post-lows, spotify 52% blow the opening trade, doordash 77% and lyft 88% below the ipo first day trade. back to you. >> rough performance speaking of underperformers, credit suisse, rocket lab underperforming as they turn bearish on the broader launch inside-outside of spacex, shares 57% off the highs. more market action after the break. stay with us back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe right at your fingertips. it's where businesses meet great remote talent and remote talent meets great opportunity. ♪♪ ♪ this is how we work now ♪ - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet

mentioned microsoft, i mentioned intel earlier. those two names are main stream, and intel in particular has had its own individual unique struggles. amd has been exceptional in this cycle, the last couple of cycles in this market it's been a share gainer, similar to apple when amd signals a problem, you wonder, is this more than just a general macro thing or even a thing for individual companies is this something that is getting worse and affecting even the best in the tech ecosystem >> yeah, john, it's such a demand story it's a consumer story. we spent the first two years in the pandemic listening to these companies kind of int nate or make us think that people are going to be upgrading their pcs in droves indefinitely and that clearly didn't happen we had such strong pull forward demand those first two years among pcs, among smartphones, because people needed to work from home. that simply didn't continue. i was also looking at some research our colleague sent out this morning, how shipping costs are falling. that was tim cook

umbrella hence, the spinoff but intel retained the majority stake here, a ton of it.y want to keep owning mobile eye but they know it will be worth more as a separate entity. financial leg dger, i don't know the extra cash doesn't hurt for those of urs w us worried about dividend when intel announced the mobile eye spinoff last december, we heard chatter it will be worth, okay, ready? $50 billion. $50 billion valuation. honestly, that didn't sound particularly crazy because the rich valued tech stocks only just peaked. the ipo market froze over and every tech stock got obli obliterated, intel scaled back the ambitions. they came public with a $17 billion valuation down from 50 but after today's bounce it's worth 23 billion, still less than half. in the end, the ipo price wasn't much higher than what intel paid for the whole thing back in 2017 but maybe their pain is your gain they have a good business. last year they had 43% revenue growth and while that slowed to 21% in the first six months of 2022, it's still pretty darn good when you consider that they were up a ag

we had 800 employees from intel coming mobileye employees.e got imaging radar, fmcw, i had full control of the company, no stress in managing the company. going forward should not be different. we have a bit more now on my shoulders, on my team's shoulders to run a public company, but in terms of the relationship with intel, it is positive and we will continue to be positive. ed: you and i have been talking about this for years. do you really see a business where mobileye makes money from true autonomy? when does that happen? when does mobileye start making money as a service provider and not just a maker of chips? amnon: what has changed in the past five years -- not changed but more nuanced -- when you talk about autonomy, it is not just robo taxis. there are competitors focused on robo taxis but we see something much more nuanced. what i mentioned before, adding more active sensors. a robo taxi is just one end of a long spectrum of solutions and we are working on it. we are at the final stages of certification of our robo taxi. we have abo

it's being led by the semiconductors and a big surge in intel stock off earnings. the nasdaq comp of almost 3%, so a big comeback day for big tech. the nasdaq is higher for the week small caps up 2% it comes in the face of weak earnings, amazon, but also higher treasury yields 10-year back above 4%, the dollar stronger. look at amazon and apple moving in opposite directions on earnings we'll talk more about those moves and where the opportunities are for the stock straight ahead >>> also on show today, we'll talk to british businessman and industry titan sir martin sorrel about elon musk's completed deal for twitter and how changes to content will affect advertisers. "the market dashboard" with mark santoli. the swings are ginormous >> and more remarkable is you have tremendous declines in some of the biggest market caps settle apple aside, yet the overall tape has had some followthrough buying the hallmark of this month has been the market's ability to rally on bad news. remember, the low intraday was on a bad cpi number october 13th we got through a lot else in t

we got warnings out of amd, micron sam son, intel is taking -- micron, samsung, intel.own a 60% in less than three months too. slashing the recommendations, but is it a day late? yvonne: yeah, as was said, this is just the beginning of the downturn. every market is going to feel it, is what they were saying. morgan stanley is more optimistic when it comes to these asia tech players as well. they think a return to growth for the industry by the end of the second half of 2023. we have plenty more ahead. this is bloomberg. ♪ yvonne: bookings have increased fivefold since the government eased restrictions. we spoke to the president and ceo. >> this is extremely positive. we hope it will bring back much business to japan, before covid. there are 30 million visitors japan a year, with inbound tourism consumption of -- tourists have economic impact. we are ready to contribute to the revitalization of the japanese economy. yvonne: what else does japan need to do to bring back more international visitors? >> i would like to ask for revitalization of japan. we do not need a negat

previously intel used these foundries almost exclusively this shows intel is getting serious about becomingacture hub for owl and not just favorable access for their products accounting purpose will change, it's thank you. "power lunch," their shift beagainst right now. >>> the changing of the shift has been accomplished. welcome, everybody to "power lunch," along with morgan brennan. >> hi. >> nice to have you here i know you've been back on your main show, but first time here in a while welcome. >> thank you the minutes are about out in about 12 minutes they'll look for hints on when the central bank might pause the rate hiking campaign. >> and just a quick check on shocks, flirting with the flatline, but let's guess right to steve liesman. >> minutes of the federal reserve's september meeting showing that many participants stressed the niece for the fed to keep tightening even as the labor market slowed. they said the cost of taking too many action outweighed the cost of doing too much when it came to flighting inflation once a restrictive level was reached, there was general agreement i

intel is along those. i have received funds under the legislation. meanwhile, washington has also recently announced new semiconductor export restrictions to curve the chinese high tech advance. now vital for high end to manufacturing and equipment. china has been trying to boost the message, mike, which it production is heavily dependent on suppliers from the walls. major producers in the us, south korea and taiwan. the us expects the restrictions to be honored by taiwan home to the was largest ship maker as well. it should be noted for any entity to bypass washington measures. they will need to apply for a special license from the u. s. by lisco live now to michael to vote also and former new york university professor. thanks for joining us today. here are now intel is report to the planning major layoffs like the effective thousands of jobs. couldn't take these people seriously? well yeah, i think so we're going to see a lot of my office and it's not surprising that they are because the demand for ships

courtney, what do you think of intel? opinion has far too many headwinds that are still ahead of them, unfortunately we've already seen some competition with amd and nvidia, that they're losing share value, too. and i think that's likely going to continue as we move forward here i think the biggest issue for them is the fact that more than half of their revenue comes from pc demand, which is going to continue to have some demand deterioration, as we look forward. so this is something that i'm not really jumping into with two feet, currently. >> that's diplomatic put, courtney thank you very much. we appreciate it, kristina, thank you, as well >>> a quick programming note the intel ceo, pat gelsinger is going to discuss the results tomorrow on tech check at 11:00 a.m. you won't want too miss that he shows up -- give the guy credit he's had a hard story, but he shows up anddelivers and answers questions. >>> still ahead, in its annual report, the international energy agency has declared we are in the midst of the first glob

things not going that well at intel. you're looking at maybe five buck lower or 10 tor 15 to the upside but nothing is fixed in intel in this quarter. >> it is cheap it is 11 1/2 times this is a company that appears broken over the last four or five years so you might get that down side but 5% dividend yield, pc has been priced into the moon so as into the floor and therefore it is there. >> we're keeping an eye on all of the after hours movers. amazon conference call kicking off in just a few minutes. and plus the chief twit appearing ready to close the deal on twitter and what he told staff about the plans for the social stock it is getting booting out of the s&p 500, to surprise we'll tell you who replaces that we're watching "fast money" live at the nasdaq site in times square back after this. power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with power

what the intel did not say, and i don't believe it could have, because i supplied intel as deputy commissioner the capitol police about what was coming to the capitol, along with everyone else, no one could have predicted that the sitting president of the united states of america would stand on a corner a couple miles down from the capitol and bring route to a crescendo by saying, essentially, you've got to march down there and take this thing back in sum and substance. >> a really important point you race. up next, i want you to hear what nancy pelosi said about the then president right before the moment you talk about or before that insurrection a moment. so cnn (vo) you can be well-groomed. or even well-spoken. (man) ooooooo. (vo) but there's just something about being well-adventured. (man) wahoooooo! (vo) adventure on a deeper level. discover more in the subaru forester wilderness. love. it's what makes subaru, subaru. subaru is the national park foundation's largest corporate donor. >> > so cnn has this exclusive never before seen footage that shows how congressional leadership was scram

intel laying off thousands. i don't get this. extremely well not for personal computers which is unfortunately where intel has made their money and their legacy and they missed the mobile boom, right? so thousands of job cuts according to reports because of the slow down in pc sales and this comes a few weeks after president biden was in ohio touting that great intel $20 billion investment to build-out a few of those plants in the states, but also remember that intel is also being subsidized by that $50 billion chips act. as for the business itself, it's struggling because as i said to you, personal pc's are slowing and they missed that mobile boom , so for companies like intel and amd, bit of a headwind there. stuart: it's more of a dividend player at the moment. >> correct, yes. stuart: i presume is safe. >> which you actually pointed out. i think it pays about 4% now all of a sudden. i never thought of intel as a dividend play until now, where the business is struggling in order to keep their investors happy they have to pay o

john: whether intel, nvidia, burning through the stockpile. the story for i a lot of investors will continue to be, what is happening with the bottom line? what do product margins ultimately look like? even though these names are getting hit, there seems to be a consensus that a company like amd is in better fighting shape than intel. mandeep: amd despite taking down guidance last night will still grow 40% this year based on our calculations. next year they will outgrow the overall semiconductor market growth. intel on the other hand, they will be facing declining sales this year and probably they will be flatish next year. they are losing share at this point in time. the big pockets of growth remain a data center, cloud, and auto. those are the main areas where chipmakers now are seeing a lot of growth. that could change. i think there will be a phase where you could see a capex slow down on the loud side, but we have not seen that -- the cloud side, but we have not seen that yet. kriti: now the geopolitical part. from the margins perspective

but also, "i do better intel."thinks he's doing better doing intel than his own intel community, let by intelligence professionals. it reminds us of what he said in helsinki when he said that he trusted vladimir putin more than he trusted the men and women of the united states intelligence community. >> he's his own intelligence officer. and when i asked him about the cia's assessment of the thuggish leader of north korea, kim jong-un, trump says, well, i know -- i mean, again, in the tone, i'm the only one that knows. he is locked into this world of untruth that he is he's leading. and the summary for me is, when you listen to all of this and lay it out, he does not understand the responsibilities of the president. you can reject what the intelligence community tells you, but you want to listen to it. and he's off, you know, running an off-the-books operation to deal and try to understand the world. >> right. >> bobby, listen to him talking the way actually he talked through his entire presidency. and you get that

intel had been hoping for we'll bring you a live interview when the stock begins trading. >>> a lot to get to. >> starting with the two bi biggies, microsoft and alphabet down alphabet's third straight revenue miss, something it hasn't done since 2015 eps 15% below expectations the biggest earnings miss in a decade we've also been focussing on pace of hiring across tech the company saying it will cut head count growth by half in q4 that still means nearly 6000 jobs as for microsoft, guidance weighing on the stock there, down 6%. revenue and implied margin coming in soft the ceo adding weaker pc demand continues from september revenue grew 75% in the quarter. guys, here's my takeaway from this you have search advertising through google, cloud computing through microsoft. these have been the relatively safe areas of tech this year less vulnerable to an economic slow down. last night, cold water thrown on both of those businesses the market taking it very much in stride. the nasdaq is only down .6%. the cloud etf is up .3%. it's not a disaster for the markets. but maybe it's what we've

maybe this is important they right the ship don't hold your breath it might be too early to buy intel. they're about to lay off thousands. the next quarter won't be that good, either if the u.s. is blocking the cellar equipment companies, i'll take a hard pass on kla after applied materials flew up this evening. charter communications, $88 billion in debt. that's like the debt of a fairly large country with rapidly diminishing tax revenue. we have a host of companies on a new low list that seem down on their luck but may not stay that way. with rates this high, do you want to throw out key corp are you supposed to give up on bank of america and j.p. morgan with the massive deposit basis when the loan losses are tiny and credit balances are gigantic most people are getting next to nothing on their savings but the banks can invest in treasuries at 4% without getting in trouble with the regulators. by the way, the banks did that in 1990 and made a killing for them i think it happened again. if you're a new ceo and don't know the tech you need, you call a company the gold standard for con

shery: that is marked with the latest on intel.aidi: we will be reviewing the bank of korea's rate hike decision. outsized 50 basis point ♪ quinn: -- bonnie -->> the bank of england governor warned investors to wind up positions they can't maintain. he says temporary intervention will end on friday despite calls from a log guys lobby group to extend the program. it triggered a selloff of the pound and the dollar. >> we think rebalancing must be done. our message to all the ferns -- firms is, you have got three days. you have got to get this done. the intervention was clearly temporary. vonnie: the imf has warned the worst is to come for the global economy after cutting its growth forecast. it is citing monetary tightening, damage from the russian war in ukraine and the chinese slowdown. the imf says one third of the world economy is at risk of contracting in 2023. nasa successfully changed the path of an asteroid in what the agency is called -- is calling a watershed moment. the 160 -- the refrigerator-sized object collided into th

coming up, insight at intel, cutting thousands of jobs.will bring you the story on pc slumping next. this is bloomberg. ♪ dani: it is "bloomberg daybreak: europe." looking at intel which is said to be planning thousands of job cuts amidst a sputtering pc market. it could be announced this month with the chipmaker facing a steep decline in processors. let's bring in our bloomberg opinion nest tim culpan. tim: we are going into what looks like to be a recession. we have come out of two years of growth. we have had eight shortage of chips. we are getting into the end of those growth times. we are seeing demands like pc's and service. it will all slow down if not fall. it looks to me as if intel is bracing for that kind of impact. it is about wind and how much. eventually we will hear of a chip companies also cutting their stuff. the cuts that intel will most likely be in sales and marketing roles rather than product marketing. -- product making. it slows down the amount of people trying to sell the product they make. dani: i spoke to an analy

intel, apple, verizon, are among the best performing dow members today. you see them a look at apple up 8%, intel up 9% on a major cost-cutting program. apple going along for the day as well a bulwark of consumer capitalism consumer discretionary, the only s&p sector down today. dragging that sector lower, amazon, etsy and newell brands outpacing. the shares of the value etf up 5% for the week, i shares growth up 2%. >> we want to turn to the big story of the day, is this the week the tech markets broke? we started tuesday with disappointing results from microsoft and alphabet those stocks fell. up stronger today. meta wednesday plummeting on the news that the company is doubling down on its metaverse bet. then amazon, tanked 16% at its lows apple has managed to salvage the tech sell-off, beating earnings and up 6% this week, 8% today alone. all told these five companies have lost $3 trillion in market cap over the past year, gains wiped out. what does that mean for tech does the sell-off mean valuations are where they should be let's bring in alan, the c

intel above the already expected range. mobile eye on the nasdaq -- that's a cool new graphic. mobileeye having a nice day. look at that, plus 30% and visa is leading the dow after the profit beat as payments volumes surge, and people tend to like the guidance halliburton higher after wells fargo upgraded the stack to overweight, raised their price target to $52 a share. stock up 36.5. so they expect continued research growth despite an extremely tight market right now why have stocks suddenly popped. some will say it's the recent sort of flattening or down move in interest rates. others say, no, no, no it's earnings and guidance, others, meaning this guy, thinks maybe it's a little end of fiscal-year window dressing from mutual funds so which is it we've got colonel bob pisani at the nyse let us start by you. make the case for rates being the real market mover. >> you've made a very good synopsis there, because the end of the fiscal year for many large institutional funds is a big deal, but i certainly do think that as you look at a one-week chart of tens, on the 21st, that wa

stu: intel they're are up big today.he report card was not good and cost cutting is what investors want to hear and the ceo said, look, if you look at our data center, that's where other companies spend money, buy intel chips to put and use in clouds. that's slowing down and that's a bad sign for intel. so if other companies are cutting back on the cloud spending, which is expected to save you money, that's bad. but yet you have the stock up 7, 8% because they're going to cut $3 billion in costs. they're righting the ship. stu: the market will respect that and don't respect that up 7%. pinterest coming out with a good report and up 14%. lauren: it is a rare market and jp . morgan said it's a smaller company and can pivot more. stu: we got reports from the oil giants to the upside that's remarkable. lauren: chevron crushed it, second highest quarterly profit ever with $1.2 billion, big demands but they increased production, got to check the stock near an all time high. stu: excellent. exxon. lauren: highest in $8.27 billi

even though intel has a commanding hold still on it but more behind the scenes in the shares, in thepositions. we're going to see how they float on their own and i'm not sure with this environment how much a self-drive stock is -- this feels like we're looking at mood rings again, right we're not looking at rare earth. this feels like we're looking at stuff that elon musk has cornered the market on self-drive, and they can't figure out how to get through the regulatory hurdles on the federal level. so when is that going to eventually take place? i think we're going to be looking at a stock that probably falls precipitously. >> well, at least for now, karen, it's a good sign for the ipo market, companies that can go public will go public and can be received decently even in a dower market >> i was surprised they went ahead, right -- >> and they did well >> traded really well. remember, the amount they actually sold to the public is relatively small i think in this environment that's a win for the bankers >>> coming up, we're keeping an eye on shares of meta. the stock is down sharply.

do you think there are other potential plans that have been drawn up by various intel communities? this wasn't meant to be one of this is only meant to be the beginning of a wide ranging campaign targeting crimea and russian assets in and around the area . and you know, it was very telling with the wall street journal, i mentioned that the crimea was the new focus, the new focal point of the war. and that's where you, craig, be targeting. and i mean, i think if the in this massive retaliation by moscow starting on monday, we might have seen more elements of that proposal become very, very, very real. the general assembly has adopted a resolution to condemn moscow for the recent referendum in which full territories voted overwhelmingly in favor to join the russian federation. 143 members voted in favor of the resolution. 5 nations voted against it with another 35 abstaining the russian basset to the you and condemned the resolution before the vote calling out the hypocritical double standards. susan, for example, this adopting this resolution, the western countries try to achieve th

goes through these cycles, and everything we hear from intel and the rest are expecting pc demands in software so much and will have excess inventory, might result in a crush of sales. i have i don'ted have any yidew it plays out. >> and losing money, bets advertising pays for and people thought when the cfo came in scaled back or cut hasn't happened. does the situation change heading into a recession next year do you think finally some of these projects go on the chopping block >> yeah. ruth did a lot of cutting when she got in there, consolidated a lot of businesses. moon shots that google held on to are ones that most tech people thought would actually pay off. that things like waymo things like -- the contact lenses and things like health care investments those are the markets that are big enough for these giants to actually move the needle you see that problem across most of these companies whereas apple looking at health care and transportation. google health care and transportation they have to stay invested in some of this stuff because they need markets that can generate grow

intel can become a boundary like it wants to. there is a lot of impetus for boundaries to be outside the island of taiwan for many reasons. both micron and intel have become -- began building over here again, but i do not believe guide is the only place. ireland might be good and other laces. -- places. guy: why do you not put cyclicality into your portfolio? kim: i was a software engineer. i believe in the power of tech. i am not just swinging for when the global economy comes back. we will need more chips because we do not have the people around to do what we need them to do. we are going to replace people with technology and technology comes down to chips. alix: why intel specifically? why those sectors? kim: this is from my biases and software engineer. i try to look at companies that not only make technology but use it well. to be able to do more with what they have, that is what a good use of technology is. coca-cola is a good loser of technology. you can see that on its earnings. it can grow faster earnings than its top li

in july, intel had over a 113000 employees, the chip maker is struggling from covered restrictions in it's key market of china and supply chain. the u. s. government is proposing you rules to classify gig work as, as employees. it has big implications for right hailing and delivery companies that rely on independent contract. it's jason huber, lift and door dash was batted by the use. all of them falling at least 10 to said rules would force employers to give geek workers more benefits and legal protections. it could have wide ranging impacts on company profits, wages and what the quality of life a correspond. teddy austro joins us from wall street. what's this going to mean for companies like who budgeted? feel there in empires on these take. what is tim? what his rather wellborn, these businesses really do depend on 2 things. the 1st being huge amounts of venture capital and the 2nd big, the classification of their workers, or perhaps the misclassification of their workers as independent contractors rather than employees. now this allows them to cut labor costs by denying them certa

intel cutting valuation for self-driving car unit mobile eye ahead of what's expected to be one of the biggest tech listings of the year, which there aren't a lot of tech listing this year. new valuation around $16 billion less than a third of what was initially expected that's not the first cut we've seen companies across public and private markets taking a hit another anticipated pross connect, instacart lowered numbers three times this year. 76% of the more than 400, $100 million plus ipos between 2019 and 2021 are under water that company, the companies selling fewer shares than expected an option that could preserve extra gains for the company in intel's case for insiders in instacart's case, if a rebound happens, carl, but that's the question right? do you hold on to more expecting that now is an unusually low market or if things head lower, ouch. >> yeah. pretty interesting setup here regarding some of these listings we talked a while about about harley and live wire% bw and porsche de, it's clearly not 50 and still almost maybe 1/7 of the total market cap >> not 30. reports cou

do you think there are other potential plans that have been drawn up by various intel communities? this wasn't meant to be one of this was only meant to be the beginning of a wide range and campaign targeting crimea and russian assets in and around the area. and it was very telling with the wall street john mentioned that the crimea was the new focus, the new focal point of the war. and that's why you'd be talking. and i mean, i think if there in this matter, if it's holly i should by moscow starting on monday, we might have seen more elements of that proposal. you know, become very, very, very real president and has arrived in catholic assigned to participate in a range of international meetings scheduled for strengthen corporation course many sectors in central asia. this bush now live speak to her autism, maria felicia. she is in austin. maria, good to have you with us now. it was a more about these upcoming events on what we could expect. yeah, good morning to you mariah wide martin is indeed here in asked and i and we expect a really busy thursday while i'm speaking at their i

chips act, for intel�*s new massive factory.ys their presence will have a ripple effect. with building this factory here in ohio, so much more will come. there is a whole ecosystem of additional businesses that will come in, suppliers will come into my restaurants will come in. health care, recreation and so the economic impact of our region is enormous. ready to get ready for practice? in the meantime, low—income households continue to struggle. this woman is a single mother who works threejobs, she doesn�*t blame mr biden for her tough times, but she doesn�*t exactly give him a ringing endorsement either. i do not blame joe biden for the economy. - i do not think he has done a bad job and i don't think he's done a good job. i think he just does the job. she doesn�*t yet know how she will vote when she heads to the polls, while there are other issues at play during this election, the economy is the top concern nationally, and it could be watched breaks democrats hopes this november. that�*s all for now — stay with bbc world new

intel spinning off the self-driving car unit they bought for about $15 billion. will make more than that nowhere near what i think intel insiders thought they would get for it. still a very good day for mobileye. facebook parent meta reporting a few minutes from now quarterly numbers. tomorrow we get the double as, apple, amazon. huge day tomorrow, right. investors focus on big tech this week, our "countdown" closer says focus on the smaller names in the sector. that is the smart way to play it. he is jordan kimmel. the author of a new book, invest in the now. i have been reading. i love quotes, these are unbelievably inspirational you tie to investing. but, jordan, smaller ones, why no the big ones? >> you know what happened, the bear market started a year 1/2 ago. there are a lot of quality companies down tremendously, tremendously right now. and so the whole idea i like big companies too. you know i focus on the magnet. it is all about cash flow. all about profit margins but what you have a lot of the focus, even this introduction, the big as tomorrow, everyon

>> i think if you are intel, it is full steam ahead. look, you have a certain amount you have to spend because your case is -- intel is not going to shrink we're not shrinking our ambition we're going to do foundry and lean into process technology as well to be special and you're going to make cuts you have to make in order to finance what you view as being strategically por important for the future you don't pull back now because the chip market is going to be bad in 2023 because the fabs aren't going to be operational for three to five years anyway >> i understand what you're saying but if job cuts are really planned, how patient are investors? you're also seeing margin compression at intel did these plans, the plans in manufacturing, get scaled back in the current environment >> no. you can't. >> how long can it hold out? >> you can't >> those fabs have to get built. if you're cutting costs operationally now so that you can afford to spend what you have to on the fabs, that is what you do. i'm not saying that's absolutely the right s

intel's days -- or amd's and intel's days of dominance in the pc world ending or not who is here? that's who you get on a thursday you get me and, yes, andrew, arm-based chips have bone into the pc business this is a big moment it was experimental for years until apple put the m-1 chip in the macbook air showing off battery life, raw power. since then, apple has spread arm-based chips across every cultur computer in the lineup but one why is this happening? phones and tablets have gone more powerful, engineers have gotten better at designing chips with multicores. now that technology is coming into pcs and by designing chips, operating systems to work together, apple and others are reaching new levels of performance. on the windows pc side, qualcomm is pushing into the came offering on-base chips for the new 5g version of microsoft's surface pro9 it's a leading global supplier, qualcomm has tons of experience powering mobile computing devices and it's well-positioned to displace amd and intel. >> the big question to me is, qualcomm is going to be pushing intel and amd out of pcs t

when we come back, there's intel to talk about, reportedly planning to cut thousands of jobs we'll geto lvmh, comcast, boeing, meta, when we return >>> it does appear that intel will join the list of tech companies implementing layoffs the chip maker plans to cut thousands of jobs amid the slowdown in the pc market. the report says some of the divisions, including in sales and marketing, could see cuts of about 20% of staff >> i keep saying that the real weakness in this economy is going to prove to be silicon valley, where there's just tremendous excess. we have to remember that the numbers from gardner were calling for an absolute collapse i mean, just a falling off a cliff, pcs intel's trying to keep its market share in the datacenter, but they're levered to pcs, and there's -- pcs may be the single worst market in the world to be levered to it's one of the reasons why the semis have been so horrible. intel is right in the crosshairs and i think what's really embarrassing about this, carl, is that they're trying to build out. but intel's trying to build out plant while they're layin

do you think there are other potential plans that have been drawn up by various intel communities? this wasn't meant to be one of this was only meant to be the beginning of a wide ranging campaign targeting crimea and russian assets in and around the area . and you know, it was very telling with the wall street john mentioned that the crimea was the new focus. i've been you focal point of the war and that's where you crave be targeting . and i mean, i think if there hadn't been this massive retaliation by moscow starting monday, we might have seen more elements of that proposal become very, very, very real. another story to bring you to day the united nations general assembly has adopted a number of hours ago, a resolution to condemn moscow for the recent reference in which for territory is voted overwhelmingly to join the russian federation. 143 members voted in favor of the resolution 5 nations against that. and another $35.00 countries, abstained the russian ambassador to the un condemned the resolution ahead of the vote. saving that some nations were constantly lobbied to suppo

how about intel, always keep an eye on that. what is the dividend at $28 a share? >> yeah.ean it is over 5% and you say 28 because it was up, the stock was up over 10% on friday. stuart: yes. >> this is the first time i can remember in a long time that intel's quarterly news causes the stock to go higher. they have been spending a ton of money reinvesting into ohio and arizona to build semiconductor manufacturing. in the meantime their personal computing chip business has been declining. well it kind of picked that up. if a bottom is in place for data center, personal computing, that business is trading nine times earnings, yielding over 5%, wow, you get to buy a call option on the future business endeavor of intel. i really like entering intel at this level. stuart: got it. david bahnsen, always good stuff. we appreciate it always. thanks, david. see you soon. susan back in the 10:00 hour. don't tell me, meme stocks? oh, boy. susan: amc up 5.25. this is risk on. this comes off. we're looking at the best october since the 1970s. there are believers that think this bear mark

but it just goes to welfare so why should they give money to intel if they want to buy new chips wet to be number one in technology that we are. look at greatn companies like google and apple and amazon and microsoft. they did not do that by getting government money they came up at great ideas and they innovated and silicon valley is that i don't like this idea of the government giving all this money to the industry be as a lot is wasted. host: the most recent book, steve moore thank you for being on booktv. >> good to be with you again.

they were getting the intel. there wasn't an intelligence distribution failure. it was going out. saw saw was an operational failure because they simply did not have enough police on hand to confront that mob. there's always the one wild card, nothing and no one predicted that president of the united states at the time was going to hold a rally and tell the crowd to march down the street to the capitol and give them hell. that wasn't in the intel because nobody knew that was going to happen. >> so when you say the operational failure, that doesn't speak to the fact that resources were there. it's an issue of, executing, utilizing the resources that are there, to respond to the threats that they were already aware of? >> well, there weren't enough resources there. you have, you know, over 800 capitol police officers standing that line as many people as they could get in on that shift and still have enough for other shifts. you had hundreds of d.c. metro police who responded, but what you didn't have was a thousand national guardsmen who had been called in beforehand because that go

intel will have that up and running in ohio.ave a disruption like an attack in taiwan, that will be destructive to the economy, well beyond the chips sector. guy: as we see the stocks come down, where will the value as we work our way through the process of restoring some of this chip production? is it the intel's, amd's -- where am i going to see the maximum value as an investor? joanne: i think the additional capacity could potentially lower the cost of chips because you will have more supply, assuming there is no invasion of taiwan. chip prices should be softer, whether it is auto, industry, they could get better cost into the products. other beneficiary will be the equipment companies. they will have to end up shipping more products. the chip companies themselves stand to gain because of greater assuredness and their availability of manufacturing. it gives the chipmakers more opportunities to diversify their manufacturing and that is ultimately a good thing. for investors, those chip stocks will be driven by the end market d

we did the task force after intel had already left the state.hat was like closing the barn door after the horse was out. those things just outlined, tax accommodation, education, additional land and the organ of organs regulatory among their other findings are some of the other problems. i would hope as ms. kotek says, the big guys can take care of themselves, -- ms. kotek: i certainly support advancement of fracturing. i have looked at the semi conductor task force. we want to support organizations like intel because they also create other jobs and other businesses. it is a whole ecosystem that supports our state. but they are not the only employers. i think the state can do a better job in our business oregon department. our organization of business and economic development. supporting our small businesses. those businesses that want to go to the next level in different sectors. there are so many areas of our economy that are so truly oregon not just intel. making sure we are supporting our small businesses day in and day out. take it easier t

intel a mover this morning.t is your take on the intel news that they'll cut thousands of jobs. >> the fed set out to crush demand to quell inflation. you're starting to see that now. you had a report from the new york fed yesterday, consumer demand falling off a cliff. a m md last week, missing revenue by a billion dollars. substantial number. and now we're seeing job cuts from intel. this could be up to 20,000 people out of 120,000 person workforce. so almost 15% of their entire staff they're going to get rid of. maria: that is a big number. >> this is substantial. the fed will keep going until something breaks, whether it's a financial institution, markets seize up or job market or inflation. one of these things has to break for the fed to pivot. we're starting to see it in the labor market. i don't want to say this is good news but i believe this has been a long time coming. so as this labor market continues to weaken, we could only hope that we get a pivot from the fed which i believe is what's necessary fo

why should the federal government for giving money to intel?f they want to buildw new chis and obvious of her going to be number one in technology. but we arer number one technology. you'll get great companies like google, apple, amazon, on and on, microsoft, those companies did that by getting government meant money. they came up with good ideas and innovative but silicon valley is a great example of how the free enterprise system can work. do not like this idea of the government giving all this money to industries. i think a lot of it will beas wasted. >> steve moore's most recent book is called "govzilla". the relentless role of government is devouring our economy and our freedom. thanks for being a book tv. >> thank you peter good to be with you again. up-to-date on the latest in publishing with book tvs a podcast about books. with current nonfiction book releases plus a bestseller list as well as industry news and trends through insider interviews. you can find about books on c-span now our free mobile app or wherever you get your podcast.

we're going to move on, turn to another earnings mover, intel up about 10%. one of the top gainers on the nasdaq this morning, after delivering a beat in q3, and also announcing a series of cost cutting measures a miss on the guide, lowering their outlook through the end of the year but we're going to take a closer look in a cnbc exclusive with intel's ceo, pat gelsinger welcome back things are tough but the reaction so different from last quarter, because that quarter, which people were describing as kitchen sink, you know, that guide down, you were talking about inventory and slowdown, you were just a little below the midpoint of the guidance tell me where you are inventory position wise and demand position wise, compared to where you expected to be with that tough quarter last quarter >> well, thanks, jon always a pleasure to join you, carl, and deirdre on the show. this quarter, we executed well and delivered within the range that we had set, and i think everybody last quarter was saying, boy, what's going on well, we proved to be much more of a foretelle

what i just referenced with charles, one of the catalysts is intel. it's at the very top of blue chips jumping 9.99 % even though the chip manufacturer posted a 20% drop in q3 sales, lowered its full-year outlook, sees a sharp drop in demand for pc, and then ceo pat gelsinger told dow we that intel's aggressively cutting costs, they could resort to more divestitures and just to cap off the sunshine and rainbows forecast, he pulls on a full-on dr. doom saying, quote, it's hard to see any points of good news on the horizon. well, here's one, the stock is charging higher by about 10 is percent. now, the gains in apple are a lot easier to understand. last night the tech superstar beat on both the top and bottom line, came in with record revenue of $90.5 billion, but those results superimposed over a miss on iphone revenue and ceo tim cook citing some storm clouds ahead and gave no full-year guidance. web bush's dan i'ves, by the way, top analyst coming up next, on what he sees for apple's holiday quarter, and he's going to tack all of the elon musk-twitte

, intel, micron down with them and consumer tech giants also in the red today. are especially dire, since they brown chips and components for pcs, phones on top of their own consumer electronics business these noum announcements were reminding me of microsoft's alerts from the summer they saw pc demand deteriorate back in june remember, we saw so much pull forward demand the first few years of the pandemic. pc sale surge, apple was setting mac sales records every quarter for two years straight that's coming to a screeching halt bank of america analysts highlighting that in a note this morning, as we watched chip names plummet, saying, quote, the pc market has been week, but continues to surprise the companies themselves by blowing their guides to the downside they called out nvidia, intel, amd and mic ron as the culprits there. that's the story here, tyler a disconnect between the falling demand signals we got months ago versus the story some of the chip companies were telling. >> we have a chiron on here, amd leads s&p 500 lower. if you were to go in and look a

will spare no end to market the question is whether or not that spreads has negative implications for intel, nvidia, and some data center piers so we'll reset and get ready for a very busy next week with cpi let's get to frank holland and the half >>> welcome to the half time report i am frank holland in for scott wapner it is a sell-off on wall street. a strong jobs report revising fears about inflation and the fed's rate hike plan what is the biggest risk right now, inflation or recession? and what do investors do from here we're going to debate that and much more today with my committee. also with cnbc senior economic reporter steve liesman steve, great to have you here. let's get a check on the markets right now in what's really been a wild week. the major averages on pace for weekly gains the dow down about a 1.5%. the nasdaq the hardest hit down more than 3% we're also watching of course that ten-year yield, hitting it's highest level in a week remember last week it just touched a tick higher. does this cement the 75-point basis hike in the fed's next meeting and this move the pivot o