adam cohen is going to join us live with reaction in a moment as their defense continues. "squawk on the street." antitrust commissioner for the eu will join us live. it begins at 9:00 a.m. eastern. >>> let's move on, intel shares seeing a rise. ceo seemed optimist thak chip demand would improve over the summer with release of microsoft's new operating system. it's leading the dow by far up almost 3%. is that the margins talking? >> i think it is. and i think it's the cost cuts both on the capital spending side. and on the operational side that come with it. but not everybody in the pc ecosystem in the enterprise ecosystem has the advantages that intel does. i wonder as people continue to read through the trends that intel was seeing. the fact that intel was able to mitigate, doesn't mean everybody else will be able to. >> were people expecting a drop in the top line? >> intel did warn and the results that they presented were in line with the warning. the guidance was actually a little light. but then they cut their costs and they talked about still being confident that th

adam cohen yesterday on this program. his response to some of those eu charges. >> look at all the tremendous innovations and evolution we've seen in the search industry over the past few years. we can't stand still. we face enormous competitive pressure and we're going to respond to ha in the marketplace. >> something, you said it yourself yesterday. they're going to microsoft this company. >> and they're not even following the pace of technology change. just this morning microsoft has announced it will bundle its apps with be a android mod, forking off from google android which has a tremendous amount of venture financing behind it. so pointless. >> we have to wait ten more weeks before we get any more clarity. >> correct, she said she's very open. the words she used was for real i'm open to hearing google's case, i'm open to a settlement and i'm also open to fines, which you know european regulators have the authority to fine as much as 10% of google's annualized revenues. a big deal for investors. so leaving the door

his name was adam cohen. here is his response to the eu charges. >> look at the tremendous innovations. we can't stand still. we face enormous competitive pressure. we'll respond to that in the marketplace. >> can i just say not to underestimate the politics of what is going on here. the last competition commissioner explicitly complained of what he described as defensive and irrational pressure from politicians in europe to reopen the google case. he is gone. the new woman in the case decided to do that. i think that is important. >> if sara didn't have a bunch of high-profile guests when we come back she'll talk with federal reserve vice chairman stanley fisher. what he has to say about the u.s. and global economies. premarkets relatively weak. we got good numbers out of goldman and netflix. ♪ ♪ the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... from the smallest detail to the boldest leap. healthier means