and that's a big departure for intel. so overall certainly the product issues remain a little bit of a concern. i'm probably more focused on the second-half guidance and the issues that may present. certainly the product issues are a little daunting as well. >> now, the outlook implied by the second-half guidance, joe, does it mostly come to bear with intel or is it more of an industry call? because you're seeing right now amd rallying this morning on the intel numbers. >> yeah. and i think -- you know, intel's market share and data center is still 95% so it's hard to look at it as being too company specific i would say the interesting dynamic this year is that intel has called out since january that this would be a very front-half loaded year they expected there to be some digestion in the second half and so they are guiding in line with that when you look at it in the third quarter of the last five years, intel has grown 13% sequentially and they're guiding down 8% sequentially so 20 points below seasonal with pcs being

i would rather own intel >> okay. dan, i'll toss it over to you but i'll throw in a third option, and that is taiwan semiconductor we discussed yesterday off the big credit suisse upgrade the technician there came out today with a chart on tsm and said looks great because the long base that has been building and now it's moving off that base, dan. what do you think of taiwan semi >> yeah, well, here's the thing, these guys kind of nailed the whole trade here intel is being weighed down by these foundries. they're going to ultimately -- i wouldn't be surprised if you see activists get involved in intel and try to move them away to building their own chips this has worked well for amd and helped them take share, especially as they've gotten a lead now in a couple of these areas. i'll just mention this about the sales growth when you think about intel sales will be flat to up a little bit. amd sales are still only about 15% of intel's total here. so i agree with tim on the valuation standpoint they may continue to take s

if you didn't break up microsoft and intel, why break these up? >> i was one of those people calling for that back then and it was a very big recognition. they were doing things that would have made it impossible for dpoogle and facebook to arise. if it had not been for that litigation we would have been looking at a different situation. they did not at the end of the daybreak up microsoft. but they managed to change his behavior so i would say there is a pretty good outcome. >> is there other ways to change behavior then, other than breaking up -- if what you're going for is a behavior change >> there might be regulation and oversight, but i'm an oldfashioned free enterprise type i think you should try to find single strong issues and let competition bloom. i think if you look at google, you have your movies business and so on, those feel like different businesses people could be interested in a range of different things to invest in that is easier to understand. >> it is interesting you know, microsoft in terms of software sales went from like s

buy a quality company like intel. if we do see the recovery that the market seems to be telegraphing, particularly for the enterprise space, that is exactly where intel will benefit. listen, to be nourished, sometimes you have to eat something that doesn't taste good at the moment it's offering you the exact diversification in the sector you want to be in, which is technology that will reward you longer term. >> you know who doesn't find chips appetizing at all, tortilla, potato or otherwise, it's shannon shannon, you don't own semiconductors anymore, at all why not? >> for me there's still a lot to be shaken out here i think there's some over priced on semiconductors. josh talks about this all the time i think semis are a cyclical trade. if you want to participate in semis now, i'd buy an etf. i'd buy a basket of them right now, i love to buy another semi i think there will probably be another opportunity for me to do so but right now if i wanted to get play there, i would buy a basket >> the fund approach there jon,

other directions other than intel. intel is the name, premier name. i think it's getting pushed off to the way side by nvidia to be honest >> quick thought on apple. we reported just a moment ago that apple may be the subject of an investigation, i believe, in texas of undetermined as yet scope. why is apple selling off today >> so obviously those headlines in the house panel that you have been covering in a great fashion, so all of large cap tech is under pressure i sold my apple and my microsoft last week not for this reason. i sold it because of that rotation out of growth and into value. i'm long tse wrk, and oln those are my value plays don't forget the one i hit out of the park in virgin galactic with you, my friend, on air a couple weeks ago >> it's up 60% in two weeks. 65% as of 11:00 a.m. today nice call, my friend we have to leave it there. steve grasso, thanks >> thanks for watching "power lunch," everybody. "closing bell" starts now. >> it does welcome to "closing bell." what started out as a quiet session turned into a full blown selloff.

intel has more revenue coming from dell and those companies. to me moving to smaller chip size isn't as material as the unmarket being stronger for amd. look at the chart. we're breaking out of a classic triangle measure the objective here subject this stock probably has another 18 be % to go. >> for more trading nation head to our website or follow us on twitter at trading nation. >>> ahead, high-tech higher ed one college is using robots to help reopen in fall. we'll speak with their president. >>> why deal makers are struggling to find sellers and restaurants caught in the middle the ceo joinings us to discuss reopenings roll backs. stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. the volatility. the ambiguity. this moment calls for more. and northern trust

>> prior to the intel announcement, going in, intel amd needed another leg of momentum. pcs, data center gains, may be the new consuls. they are in both the xbox as well as the new ps five. you needed that extra oomph. then intel happened, and the stock ran up as a result of that. now, the fact that they are executing well, they are raising full-year guidance despite the pandemic, in the face of pandemic and in the face of intel, they are not only doing well, they are doing other than anticipated, i think across the board is a good sign. growth margins were ok. both of their sick instead well. across the board, this was a solid, solid result. romaine: interesting day here for this space. aboutrse, amd shares up 9.5% in after-hours trading. always great decatur inside. bloomberg intelligence, they do a lot of great work down there. let's get over to the bloomberg first word news with mark crumpton. mark: attorney general william barr today offered a combative defense of his independence from president trump and of the federal response to protests following the police kill

who benefits from intel's lagging? ian: exactly. psmc, center of this is the taiwanese manufacturing company that makes chips for huawei,elecom, whil the list goes on, and all those companies are direct competitors to intel. the others are, ahead, this is a massive change in the industry if intel is forced to go and stand in line with the rest of the industry at those chinese factories, to get what it needs. it is going to be reliant on designing chips based on them, and we will see if it is able to do that. meanwhile, apple has said they are not buying. what happens? am -- it is a hugely, hugely complicated information. because the value is based on everything -- based on everyone using it. what happens to that value? what happens to competitors if they are worried about being locked out? this is an ongoing, complicated ross asked. there are various theories about how it could work out, who could buy it, who might not, invidious interested, but it is safe to say there are going to be a big twists or turns on the way to see what hap

intel now down by 7%. pushback on the chip, being a key driver for intel. it was thinking about delaying the transition to that chip by the tune of 12 months. this is intel really saying it is far behind the industry in terms of manufacturing processes for its chips. these are the ones being delayed that had been used by apple and other chip designers for well over a year. taylor: delaying and running behind on the ship, then you are hearing from the company trying to hurry up that 10 nanometer chip process. -- do you getby this sense that we are falling behind, particular when it comes to some of these chips? >> the seven nanometer delay, this is one of the key elements for me security that we have been following with intel. this is a disappointing roadmap delay. the numbers are good. we were actually pretty bullish on both through 2020. those numbers have panned out because of the cloud strength. both for me units perspective and asp perspective. but that is clearly overshadowed by the fact that it is seven nanometers product roadmap is delayed. that goes

remember too that intel has been battli battling nvidia. >> bonawyn, this is an intel specific problem, it seems we knew that there were some questions about intel's competitiveness. apple moving to its own chip sort of underscored that notion going into this already. with the delay of the seven n o nanometer there are some real questions about the future. >> absolutely. when you think about technology stocks, you're going to point to the gross margins. a lot of these businesses are relatively capital light intel has had several challenges i know that amd was also up. the short story of it is that i'm hesitant to put too much krcredence into what's going onn the short-term the apple news is not positive but that might expand their pricing power and revert some of the margin impression that we've seen theearnings just came out. i'd really like to dive in a bit more before i can give you an answer there upon first glance, i tend to think this might be more of a short-term shock than a long-term trend. >> here's what i say it's clearly, i don't think you can extrapolate what's going on wi

, the president would blow up at them and often question the intel itself. yesterday top aides defended the way trump's intel is handled. >> when the threat is sufficiently serious, the scale of the threat is of such importance that there's an action the president needs to be aware of and the information i've seen is sufficiently available, we make sure he sees it. >> any thought that we wouldn't brief him on something because it would anger him is just -- i don't even know how to respond to that question. >> the house intel committee will be briefed on the rush scha -- russian bounty. >>> president trump says an enthusiasm gap is hurting joe biden. you wouldn't know it if you looked at his poll numbers or his money. he outraised president trump for the second month in a row raking in $141 million. that tops president trump by $10 million. the biden campaign has not released the cash on hand for the quarter. >>> critical information about the coronavirus recession is due in a few hours. the june jobs report is expected to increase. the unemployment rate shou

this is specific to intel. doesn't have anything to do with how cheap it was if you knew that going in, god bless you but to say this was knowable because it was cheap and anybody -- >> i heard ten times earnings. >> that's an unnecessary flex. >> fair. i ahead ten times earnings, but my point is, not to you but in general, should never enter into the conversation it's an industry in a massive bull market now. >> i hope it's clear you're not hearing me defending the clear i'm looking for the exit >> we understand >> you shouldn't have to i agree. >> we appreciate you being stand up about it too and your willingness to call in >> absolutely. >> pete, you wrap up the conversation you bought amd calls today you used to own intel. >> how about the fact they blew it when they had the opportunity and have to announce they delaying. they bought 55,000 on july 2nd 55,000 amd calls stong was significantly lower than it is right now they continue even today it's hit two different times today for usual activity and buying

today is intel. it is getting hit hard after announcing it might go out of the business of manufacturing as opposed to designing chips. we welcome kailey leinz. kailey: ugly for intel today. the stock is lower more than 16% at this point despite the fact it beat estimates on the top and bottom line, even raised its forecast. what everyone is focusing on is another production delay. the products are these smaller seven nanometer chips, the timing getting shifted back another six months. now see the chips going on sale at the end of 2022 or early 2023. the reason this is problematic is because this is how they are supposed to be competing. rivals like amd always -- already have the chips on the market. they are losing ground in the delay risk is exacerbating that. on the earnings call, bob swan discussed the idea intel may move to not even manufacturing its own chips. that idea of outsourcing would've been unthinkable until recently. intel had designed and manufactured its own chips for half a century.

in the belief that intel would be coming for them. the flipside is that it could put them in the sites of antitrust regulators and customers who start to worry that one supplier could be a little bit too powerful. a little more than 50% of the foundry market. maybe samsung is the nearest rival. therek there is a lot out who would be a little bit concerned in the long-term that maybe they have too much power. is a ways away. shery: tsmc, how well they have done in the past few decades, their approach has been revolutionary in this area. tim: it started from the very genesis of tsmc from day one, that we are not going to design chips. time, they said fabrication plants. they said, come to us, we will do it for you. they started from the start doing that. a part of that is, we will never compete with our clients. qualcomm, nvidia, even huawei. they have been very careful not to allow leakage of ip between clients. that has been a very important thing because tsmc has access to the secret sauce of so many customers. they have spent so muc

for now, production was are damaging intel -- woes are damaging intel's reputation. they may outsource more production near term to get through this rough patch. haslinda: meantime, twitter saw a significant user growth, but the problem with ad revenue, that got hammered. >> yes. similarly, they have good news and bad news. they reported the second straight quarter of record user growth. a lot of this has to do with the pandemic and shutdown orders. but the pandemic and civil --est, which happened between the pandemic and civil unrest, which happened in the u.s., it caused companies to not advertise. revenue took a huge hit. twitter reported 186 million daily active users. that is a 34% jump over the year ago quarter. revenue, though, down 19% due to those ad boycotts. the ceo said twitter is looking at additional ways to bring in business, perhaps a subscription service. this would supplement advertising, which makes up 82% of twitter's total revenue. back to you. rishaad: let's get to the indian market open. up and running now for just under a minute now in mumbai.

the treasurey yield intel is feasting on the chip fumble, so what's next? >>> shopping maybe down thanks to covid something huge is on the way >>> let's begin with today's moves in the bond market the 10 level hitting since early march. mike san ttelli with more on th. mike >> the reason i'm alluding to 54 is because today was the lowest intraday trade since the 9th of march which was the day we made the all-time neo close at 54 base points. tens minus twos are going to have the smallest weekly close if it stays here at 43 basis points since the first friday of may. so going way back, and that, of course, if you look at what's going on overseas, same thing. they were trading at a whisper of 96 basis points. they haven't closed at that since mid-march. the dollar, best level for nearly two years dollar index at the worst level in nearly two years, and maybe this chart should really have some impact. the euro is now at a six-year high against the chinese offshore chinese yuan, which is all very good progress if we consider that, three years, five years, seven

i use the money for intel. i sold that and bought amd they already had a structural cost in performance advantage over intel intel is just doing ten nano meter in the fourth quarter of this year. now this just gives them that much more in terms of gaining mark share it's a work at home beneficiary as well. the stock is up 46%. >> are you growing more cautious about where we are in the reopen, in the bounce back why else would you be worried about enterprise >> well, i don't think enterprise there's any visibility i think that will be the last thing that comes back. i think you'll have these work from home beneficiaries. you'll have pcs continue to be strong you'll continue to see data center strong. you'll continue to see cloud strong all of those and 5g. i want to be exposed to those names. in addition, i am warming up to the auto exposed semiconductor >> what would it take for you the buy intel back >> you have time i could easily see like an activist coming in, to be honest they have mismanaged this whole th

mark, theell me, intel effect. we have seen other chipmakers see their share prices rocket after they came out and said they are behind the curve in manufacturing. what is your take on the impact on samsung? mark: the impact of intel's decision, their delay on their roadmap, well, it shows number intel isrly that having a lot of issues keeping constantas law and migration towards smaller nodes. it is an opportunity for samsung. i think it is one of the reasons why share prices have been strong the last few days since intel's announcement, because samsung is in the reckoning to get some of that business from intel. sounds like they will be outsourcing part of, or more of their needs to boundary partners like tsmc and samsung. boundaryhe larger supplier. naturally, investors assume that tsmc is the obvious and officiate from this, but i think samsung is definitely in the reckoning. they are the only other company that can provide leading-edge silica to intel. so clearly samsung is a beneficiary. either they get part

alix: in particular intel. coming up we'll talk to the c.e.o. of intel, bob swan and he c.e.o. of verizon, hans vestberg as we proceed throughout the hour. francine: european economies are starting to claw their way out of recession and we had encouraging p.p.i. physician and the confident p.m.i. jumped to 54.8 with the services and manufacturing sectors expanding. joining us now from paris is william, the bnp paribas group chief economist. it feels like this was a good week for europe. we have the p.m.i. more than expected and the recovery fund. if you look at job losses they're going to get ugly in europe. william: that is a concern i have if you look at the p.m.i. data today. what strike is that yes, manufacturing significantly and new export levels in germany are just flying but the employment series is showing that companies are under no intention whatsoever to increase hiring and on the contrary. that's a concern. it's a concern because the recovery will depend on what households do, how much they spend and they need confidence. alix: what is going to give them that confi

intel is due out after the bell. we have a preview. >> sara, a few things to watch does ib tentel reinstate the guidance that will give investors more insight into the sustainability of spending trends on pcs and data center chips. two, look for any commentary around a rumored nvidia arm deal the chip space has seen a wave of consolidation just over the past two years it is far from certain that they would sell arms. such a move would represent a major shift of power in the chip industry >> another one, guys, intel is already lagging shares this year underperforming the rivals it's up as can you see, less than 1%. back to you. >> thank you stephanie, where do you stand on intel? >> i own it. i bought it after last quarter i thought last quarter was a good one it sold off initially and then came back. i think this is a work from home stock. they have cloud. they have note books that is benefiting from chrome books. as kids go back to school. so that's a positive you can see note books revenues up 10% or more in this q

i want to look at intel. intel really is value tech, old tech, kind of -- i wouldn't say post growth, butdefinitely shows you how it's been over the last 20 years. this is market cap of intel, cisco and nvidia both intel cisco following a very, very similar path. they were the glamour stocks in 2000 really came crashing down. they fought their way back now you see over here that is cisco and this is intel. nvidia actually has surpassed intel. basically neck and neck market cap wise with them fwnz very tough to make a value play inside of tech. it's the area of the market that is sort of most rewards the companies with market share and product momentum so we'll see if intel can find some footing here after this big break today. >> mike, interesting to obviously point out what we've been talking about this tech pullback this week that said, if you look at the shares value versus the shares growth for the week as a whole there is only a .7% share price differential for the week as a whole. you kind of almost all

amd had a halo effect to the upside on the intel news. intel receiving several downgrades. pandemic withthe further wall street consequences. bridgewater is planning more job cuts because of the pandemic. new technology changing how people work at home. fall into $138 billion at the end of april. bridgewater did call it the worst possible moment for the coronavirus to strike. worstcertainly the possible moment for its employees. the ceo of exxon capital management spoke to erik schatzker today about making money in the current market environment. have a listen. >> the reason still holds. company that is going to have advertising exposure will hurt if the economy does not do well. the question is how much? aboutinvestor who cares spreadsheets rather than soundbites, it is something we can allocate towards. sure you are doing things -- amazon, is it a great company? absolutely. the problem is, i don't have a clue what multiples -- is it 100 times earnings? 200? zoom is a great company. i am not sure anyone knows. facebook, you do not have to be a got. -- paragon guy. traditio

we are watching intel. it's the biggest drag on the dow today, plummeting more than 16% after announcing that it's going to be delaying one of its chip products until late 2022 or early 2023. that's due to a defect mode. while intel did report strong earnings, seven analysts downgraded the tech titan post-earnings with three dropping it to a hold and four calling it a sell. one of the clear winners from intel's product delay is amd, advanced micro devices. it's topping the s&p 500, popping today more than 16%. while there is a broader selloff in the semiconductor space today, due to these tensions with china, amd certainly bucking the trend there. take a look at that chart. >>> boston beer raising a toast after reporting impressive second quarter earnings and forecasting full year profits above estimates. the maker of sam adams crediting the unexpected doubling of profit on the increase in demand for truly hard seltzers and twisted tea brands. shares of that company up more than 23% today. >>> tesla is back

intel plunged after its new chip reduction process was delayed again. the company is under pressure as customers increasingly turn to rivals for chips. we are just getting pmi data out of australia crossing the bloomberg. the pmi actually rising to a record high in july. this is a preliminary number for services coming in at 58.5. manufacturing pmi also higher, 53.4 from 51.2. composite at 57.9. a big jump from the 52.7 in the previous reading. that returnecting to some semblance of normality as part of australia exit the stricter lockdown. going forward will be key given we are seeing a fresh six-week lockdown from victoria. let's take a look at how we are setting up this friday session. u.s. stocks falling to the lowest in about a week after unexpectedly high jobless claims rekindling worries of the economic recovery stalling. we are seeing more recovery when it comes to trading in futures contracts come up about .2% for the s&p. the aussie dollar comfortably above 71 u.s. cents. the bloomberg dollar index weakening for a fifth straight day, outpacing

a 40-page memo was written by the fbi intel analysts. to the intel analyst and the case agent. who did you tell about this stunning development? who did you provide the memo to? did you tell anybodyb above you, the dossier is a bunch of garbage? how could it be used months after this interview. if they night was unreliable they will be going to jail. i can't believe the case agent and intel analyst wrote a 40-page memo and never told anybody about it. judge jeanine: wasn't that their m.o.? i can tell you most of the viewers watching and listening right now are saying we knew it, we didn't know what you you be earthed. but that's more evidence. when are they going to jail? >> i think durham is looking at this. i want to call the analyst to put the document together. i want to ask him and the case agent who interviewed the russian guy. who did you tell in the fbi. it's impossible for me to believe mccabe and comey didn't know about this. the second document that was released, this comment by peter strzok february 15, 2017. there was not any evidence a member of the trump campaign

intel was trading decently well a few wakes aeeks ago. obviously the bottom's fallen out. that's not good news. people will talk about valuation now. i'm not certain you can cast it under that light. now that $46 level, that's where it traded down to on the marleau march low. it's the movement of amd into earnings too much too fast i think that's something we have to talk about at the back end of the show. >> we'll talk much more bin tell and the chip stocks. they surged to an all-time high today. we'll tell you what got these shares moving. >>> plus, it wasn't just gold on a tear today. check out bitcoin prices going up. we'll tell you how much high they're crypto coin can go. stay tuned. some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and

markets fall for another day in a row, intel plunging, and other production delay. tensions rise between the u.s. and china, tit-for-tat, china now ordering the u.s. to close a consulate in a chinese city after the u.s. or to china to close its consulate in houston, texas. meantime, covid-19 cases continuing to rise with 4 million reported across america. but today, the u.s. centers for disease control that is -- control is advising schools to open, after originally highlighting the risks. it added up to another down day for stocks. joining us, abigail doolittle. abigail: a lot to digest, and you nailed all the issues. a big piece of it has to do with the big xl off, but the rising tensions with china have been

colleagues will speak to intel ceo bob swan. twitter shares rose after the social media platform reported the highest ever growth of daily users monetizable users who view ads grew the strike attributed mostly to the pandemic the crisis mostly weighed on the ad spending. causing those to fall missing estimates. signifying second quarter results maintaining the profit margin despite the pandemic. the world's largest lighting manufacturer with 85% of employees participating in work-time reduction. the ceo told us. >> we recovered in q 2 but not completely we are far from being at historic levels. if we go outside of asia, in countries like france, spain, italy and uk, that has been fairly impacted because of the lockdown we try to do the best we need to adapt locally and it is very kpi indicated to deal with at this point in time >> at this point, voda phone is still on track the company has more than 68,000 mobil units. after seeing a 1.3% fall in first quarter organic service revenue. thales has suspended its reporting of sales

intel shares tumbled over a 16 percent on friday trading slashing its market value by $40000000000.00 for the company that is next generation of chips would be delayed by 6 months it comes as computer makers like apple look to alternative chips due to previous intel delays. goldman sachs has agreed to a nearly $4000000000.00 settlement with malaysia over a corruption scandal prosecutors allege the wall street types and organized sales for a sovereign wealth fund that allowed former malaysian leader in rostock to pocket hundreds of millions of dollars the verdict in his trial over the affair is expected in the coming days. european plane maker airbus has agreed to accept higher interest rates on loans from european governments the move is in compliance with the world trade organization ruling against the company the european commission says the development means u.s. tariff against arab us are no longer justified. critias retail sales grew much more strongly than expected in june rebounding almost 14 percent that's close to their pretty locked in level of non-essential stores reopened

alix: in particular intel. coming up we'll talk to

we want to make sure it is good intel. why is that? this is because it is such a serious allegation, if it is real we'll have to take some action and so you don't want to provide dubious or discredited information that, information that turns out later to be discredited because then you would have acted on it to create an international incident. for joe biden to say that is reckless and irresponsible because, "the new york times" piece coming out is really caused us harm and he doesn't help matters when he makes those kind of allegations. david: let me quote the cia director, gina haspel who spoke to the point what the leak might have done. she said, preliminary force protection information is shared throughout the national security community and with u.s. allies as part of our ongoing efforts to insure the safety of coalition forces overseas. leaks compromise and disrupt the critical interagency work to collect, assess, and ascribe culpability. she is saying our national security was harmed as a result of this leak. how do you plan to

with the creation of coal intel pro, seep usa. a counter intelligence program, specifically designed to target the communist party of the united states of america. it is specifically counterintelligence rather than prosecutorial. they are not trying to dig up evidence to go before a court but instead it is a counter intelligence operation to destroy political enemies of the government. for a couple reasons, one, legal proceedings against communist party leaders have been very successful in sending a number of them to prison. the laws are very favorable for doing that in this period of time. but it had also exposed fbi informants, they had to go before a judge, reveal that information and so well-placed informants within reveals as part of the court hearings. hoover was knocking on that. and in 1956, 57, the court begins to roll back the legal measures that were available to attack political dissidence. laws have been put in place in late thirties in early forties. that had given kind of free range around of anybody who is a member

thanks intel is down. the dow would be up if it wasn't for intel and that crappy forecast that's a big loss in that stock indicated to open 53 and change. that in large part is why. >> negative almost turned positive >> by the way, i'm continuing to dig in to the malaysia goldman settlement analysts looked like they were around $3 million. they said it would exceed 1.9. analysts had it about three. >> who brought ta deal to goldman. that is not easy to cost $4 million on a movie. is it? >> the stock is now up on that news even though analysts had reserved around 3 million. >> where is the whale now? where is that guy? >> i don't know if anybody knows. he's in quarantine somewhere. >> he could be on an i lasland. >> and baseball debuts last night. gge t now, take a look at th biest pre-market decliners in the nasdaq we'll be right back. jim, could you uh kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan but. jump in the back seat, jim. act like my kid

we should all be saying we want members of the intel community to come before congress. we want to ensure that there are briefings. we don't want to politicize or drag this into a partisan fight. this is the lives of service members that may be threatened. we should say if this is true it is outrageous and affront to everything that is -- the base of our democracy. it is an assault by a foreign government. if this is true we are united in our effort to reject it. and to hold russia accountable. we are going to be measured and focussed. but what i haven't heard in the briefing today what i said to the white house chief of staff is i want to hear that coming from the white house. i want to hear that from the president. we are getting to the bottom of it. if this is true, it is unacceptable. that is where we should all be as americans. it isn't a political issue. this is potentially life or death for the children and the family members and the parents of people back home. i represent hundreds of thousands of virginians. many of them are veterans. many deployed over seas. th

tokyo electron fell on intel's update. it is to report earnings this tuesday along with kanaan and stantec. canon and fanuc. defaultsning that debt are likely to rise in asia with policy support expected to be more targeted when it comes to the pandemic spending, haidi. haidi: speaking of earnings, nissan set to report an operating loss that is more than expected for the last quarter as it reduces costs ahead of schedule, according to a bloomberg source. let's get more on the automakers prospects with the deputy head of japan research, chris richter. you have obviously read this bloomberg report as well. how do you think that the company will go? you say that would be great news, but it is really down to the quality and that ability of the cuts that they make. >> i agree with that. we were surprised to see this. theprojection for -- by source in the bloomberg story was substantially better than we or even consensus are looking for today. some things done very aggressively behind the scenes that we have not seen, that is gr

live in studio to break down all the latest details here so rachel what if we heard from within the intel community well the director of the cia released a statement and she actually didn't mention russia or afghanistan but she said that the intelligence community is constantly getting reports about possible threats to u.s. troops on the ground and working to decide if those reports are legitimate now we did see another report which cited an anonymous. fishel in which he specifically said that while intelligence on this subject was received it only reached a low levels of the community and never moved out because they determined it was uncorroborated now the official said the n.s.a. assessed the claims but found that they did not match up with stablished and verifiable taleban and connie practices in the region so then how has the new york times responded to all of this criticism of this initial report where the new york times actually doubled down and they have said that they have evidence of financial transfers from the russian military to tell about now moscow has denied any involvemen

intel has made big moves over the past couple years. ashley, thank you. >>> we are just as we said hours away from the first pitch on baseball finally opening day but with the economy behind in the count, which sectors are hitting home runs, which ones are striking out as we look ahead? ubs managing director, senior portfolio manager jason katz. let's go. give me a sense, what should be up at bat or in the doghouse or certainly in the including house. >> well, liz, i think it is time for a lineup change. growth has clearly been batting .500 and value hasn't made contact here. liz: okay. >> i think you will see a shift here, inside, a shift where you're going to see growth start to take a back seat where value can play catchup. we have never seen disparity with respect to performance. growth up 16% this year. value down nearly 13%. liz: but looking at the second half of the year let's get it down to specific sectors versus just growth versus value. >> if you're going to tilt toward cyclicality you lean towards consumer discretionary, ind

intel, the bigger drag, 50 points plus. numerous issues here affecting the tech giant including the u.s./china tensions flairing up with the consulate closures, goldman sachs calling the apple rally unsustainable and yesterday we had the axios report that a multi-state probe is under way. i would caveat that report saying it's only texas that was named in that report. we don't know who the other states are. texas didn't respond and there are no specifics on the violations. the market is also talking about the likely postponement of the mega-tech ceo hearing that was set for this monday, cook, bezos, pichai, zuckerberg set to testify in the house hearing but because of conflicts of timing, especially with the memorial service for the late john lewis, looks like that hearing is not going to happen which is disappointing because it's hard to get such powerful people in the same room at least in the same hearing. intel is down today, losing about $44 billion in market cap at one point because it's delaying its new seven nanomet

. >>> win warning sign on intel. straight ahead liver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. ♪ ♪ now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com. >>> welcome back to "fast money" netflix hitting an all-time high will remain the content king as consumers stay at home they did a survey, 7% say they will continue to view streaming more steadily after the pandemic so, dan, where do you go with netflix? >> you know, it's really hard. if you have kids and have been sitting at home you realize they've literally watched everything there is only the internet i haven't seen my kids pull up netflix. they moved on. they went to hulu.

/china relations and guidance from intel within this basket the semiconductors are taking the hardest hit. brian, we'll head it back to you. >> thank you getting to your top story. the growing standoff between u.s. and china dominic chu has that and more. >> good morning to you china has ordered the united states to close its consulate in the city of chengdu. the city announcing it is revoking the license for the u.s. consulate general at that facility cites the current situation between china and the u.s. for the particular move calling it something it does not want to see. this comes after the u.s. ordered china to close its consulate in houston this week citing efforts to protect american intellect ubl property and private information from u.s. citizens. >> in washington, d.c., republicans are delaying the coronavirus relief mans. the agreement with the white house will be unveiled this next week that means congress will miss a deadline to extend the key unemployment benefit which expires this weekend with the formal policy ending next week >> president trump is looking to cancel t

intel has long held out on moving overseas. the ceo went on the defensive when asked about the plan. world where increasingly everything looks like a computer, our opportunity set is as big as it is ever been. we talked about yesterday was we could push our products. to a slip in the yield. first, we will continue to manufacture this technology. to catch up with our desires to play leadership position in this. leadership is much more than that. packaging, technologies. different architecture. how we use software to optimize hardware. this is simply where we are on the process note. doing is evaluating the other opportunities we have had to engage deeper with our deepest partners. design methodology, we have the ability to mix and match different products. talked about yesterday was our ability to make trade-offs along the way. to make sure we are delivering their ship products. no one seems happy with the right now. investors or analysts. we are ramping our 10 nanometer products. we talked yesterday about 20% higher demand for

>> i have no intel about the president's upcoming plans, but john lewis was a civil rights icon. i have no future announcements of the president's plan other than to make that one of them. >> thank you for that. approvednate has renaming bases named after confederate leaders. that a senator who assured the president to remove that from legislation that has passed both chambers of commerce? >> i believe that -- i will leave that, but the president was assured by senator inhofe that would be changing, and he stood with the rest of america, 56% approved changing of base names. reporter: two quick questions. you probably hear this often. when can americans expect money in their pockets by way of stimulus? what is the president's plan to get that money to them? and a question about covert report -- covid reporting. is the white house concerned about inaccuracies and inconsistencies? note, when, let me we look at numbers, we want the most accurate reporting. i looked at the cdc numbers. we want to make sure hospitals are truly reporting the information they're getting. only 80% of hosp