. >> am again and amd reporting earnings after the bell. we give you highlights the market waiting on the fed decision but jim bianca says the fed playing with fire. he tells us what he sees and why investors mighget t burned much more "fast money" after this it was sophie's big day. by the way, she's the next mozart. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. ♪ >>> welcome back to "fast money. am again and amd on the move both reporting ar the bell full team coverage on the after hours action erick chemy. all over am again. and meg tyler with amd. >> it's let's start with am again abbig beat and raise for the quarter. the stock jumped in the after hours however settled back down onto just about flat unchanged in the after hours essentially because according to brian scorny at baird putting a fine point as he does wit

intel, amd. did you get anything from the earnings report that would either push volatility higher or not? did this feel very much in mind? >> it was very much in line. amd has been a hedge case for so long. they were a company struggling to survive. there has been a lot of showed interest. a lot of volatility in their stock. they are not traditionally are being on rest of the industry are doing. the fact that they can in mind, the fact that things were roughly where they were supposed to be, that was good for them. taylor: could we do any reapers to some of the other chipmakers? any sense that maybe the trade war has calmed down for now? >> we will have to hear what they have to say on the call. there will be questions about the general demand environment. she has really been concentrating on the look. these are our new products. their story is very much what damage can they do? what damage can they do to nvidia and graphics? said, they had yet to start. what is the one thing? >> we want to hear

the big debate is that intel, amd sound a little bit better on the data center side.onsensus view is one of them is lying is incorrect. i think the answer is demand came back. demand came back and data center has more dram. both of them are seeing in improving environment. if that is the case, you want to be low on nvidi. taylor: what is your take? ian: the first half of the year was arguably, statistically one of the worst declines in overall revenue for the semiconductor industry basically continues. you could look at that as colleagues are doing. things will not get any worse, the second half recovery, that the industry promised will come along. some of the other analysts being more pessimistic are saying we have not really seen demand computing back yet. we have seen some here and there, but probably not enough to justify the massive run-up. taylor: if we see the trade tension resolution was a tailwind, as you look into earnings, what are you hearing is one of the bigger headwinds facing these stocks? mitch: inventory was one of the concerns. of: if you are buying

. >> intel, amd. >> i don't necessarily want amd now. know we will be talking about that later, so i'll save that. but i absolutely take intel 10 out of 10 because i do think there are stocks out there right now that individually have a story behind them and the management in front of them that can lead them to the next level. so i think each one of those stories is different the smh obviously will go up if we see the big names going up. but what will go up faster the individual names. >> let me go down to d.c we're at the white white house there is a news alert for us on the topic we were having a conversation about what do we know now? >> reporter: the white house now putting out a statement on the china piece of that. they're saying we look forward to finalizing phase one of the historic trade deal with china within the same time frame of that apec summit that was canceled and when we have an announcement, we'll let you know so no knowledge as to where or when the president will sign that deal. that had been expected to be possible at

thatthe kinds of things they need, amd has made a move. volume of the market is in the laptop computers. that was being slow, and there are some better chips coming next year, and this third -- third sector, back to the data center, back to google. the chips, that traditionally moves more slowly, so we are seeing some progress but not massive share gains. we are nowhere near the quarter of the market where they were a quarter decade ago. they are still in the single digits. let's take a look at my chart that i have on the bloomberg, volatility dropping off or all of these companies, nvidia, intel, amd. did you get information from the report that would push volatility higher, or is this still very much in line? ian: it is in line for you have to remember that amd has been an edge case for so long, a company that was struggling to survive even a few years ago, so there has been a lot of short interest, a lot of volatility in their stock, so they are not traditionally a read on what the rest of the industry is doing. the fact that they came

and to push the envelope higher, brand-new all-new surface pro-x. >> amd -- not amd, arm processor in from qualcomm >> correct >> there's been a lot of questions on whether you can run full windows 10 on an arm processor. have you done that here, >> 100%. i think you'll be blown away with the ability to run full windows app, always on lte and look at this, we have now a built-in pen that is always charging the power of this device and the ability to go across the amazing. look at this here, 5.3 millimeters and its thinnest bezels >> do the developers have to make any modifications to windows 10 apps to run on an arm processor? >> we'll run all the main apps you want to run on this thing, they will run fine you can write them natively or we'll emulate them >> and now you have the surface buds here. >> surface air buds. just announced, $249 what makes these special besides the form and the fit, you'll have one in your hand while you're presenting. you can pop one in this way and you get a sense -- so while you're presenting, you can fast forward through your powerpoint slides and auto t

the moral of the story you don't run from an amd or an nvidia, texas instruments is weakening you runecause they don't have if same customers as far as the less cyclical semis are concerned business is fine and just maybe as in the case with lrcx, maybe it's much better than we ever thought. stick with cramer. tell him we need this merger. it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. whether your beauty routine is 3or 57,... make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. nature's bounty, because you're better off healthy. the♪lexus es... ...every curve, every innovation, every feeling... a product of mastery. lease the 2019 es 350 for $379/month for 36 months. experience amazing at your lexus dealer. we believe in education built for all people., - [woman] snhu was the best experience of my life.

electronic arts is up -- was about 1% right now amd has actually just turned lower. also trading about 1% lower amgen is down fractionally the biggest mover right now on the heels of earnings is mattel after a beat announcing a new cfo. also, the end to that whistle-blower situation at the toy maker, one to watch, especially, as we go into another trading day tomorrow >> it is a big week for media, with the hbo max investor day kicking off in less than two hours. the company is expected to unveil more details about the streaming service, including the price. we're also counting down to the launch of appletv plus this friday joining us now to discuss the changing landscape in media is andrew mccollum, philo tv founding member. it's a skinny tv bundle that also includes some 50 channels thanks for joining us, andrew. >> thanks for having me. >> so i know i was told this earlier. is it fee-lo or fi-lo? >> it's fi-lo. >> my apologies. essentially, it's a bundle of traditional tv channels just delivered over the top as opposed to down a cable. how's it going for you and d

that means, well, you should go buy amd.t was not up enough at the independent of the quarter we knew instel would meet dmajd for all kinds of chips including processors, their bread and butter so i'm a big believer in ceo lisa sue so i remember you buying some amd next week. doesn't matter if we get a negative tweet or nonsense about the fed, that probably will happen if these numbers are good and by the time wednesday rolls around, i expect to hear art tenors saying this company did well, this company did well, you know what will happen, the federal reserve doesn't need to cut rates. that's garbage we have industrials struggling and we know the dollar is way too strong a rate cut is what we need to turn around automakers and allow exporters to compete fairly globally if we get it, the markets should roar again and i do believe we will get it. our rates are too high versus the rest of the world. do not let andy's people, pointy heads, tell you otherwise. our pal fed chief secretly knows it maybe he comes out and says it's t

amd, well, i got to tell you, these two are going to go together, because we're going get rid of qualcomms, big position action alerts. i really like it i tell club members one of the cheapest stocks out there. and etsy, let's call it an online retailer. we need to bring in something here, again, we can use, let's see, why don't we put in honeywell. i like to have a diversified industrial that's doing incredibly well that would fit in place of qualcomm i know we're going to cut back on yield, but i like it. all right. let's go to dave in kansas dave >> rock chock jayhawk, jim. >> okay, i love the jayhawks always been a jayhawk fan. ever since wilt. what's going on? >> caller: outstanding my symbols are cme >> okay. >> caller: deo >> yes >> reporter: klat. >> love. >> caller: pep peyx. >> oh, boy, we've got some work to do here [ buzzer ] ♪ hallelujah >> that was easy >> okay. fintech, which i love by the way. that's a great company a great coach called me and asked me about it. it's a winner. kla. that's semiconductor capital equipment. it's really good paych paychex. payroll processing p

foreig policy, a nod towards rudy giuliani, the presi'sde amd mounting questionsng about o'srumpi andia presidentle inisa giuliani's business associes were charged with campaign finance violations this week by federal prosecutors. while the indictment did not idaccuse the president of wrongdoing, these two men were involved in giuliani's campaigns to pe ukraine to investigate the t biden fily. amid thisht onsla of developments, the white house is fighting back. white houseou council sent a letter to house dekocrats this aying the probe "violates fundamental frness and constitutionallyda md due process" and said the white use would not comply with demands. joining me tonight, margaretbree foreign affairs cor hspondent, case of "t new york times" and authorf "confirmationio bias," toluse olorunnipa of "the washington stite," house corrent for c. when we look at t ls ambassador's testimony, ambassador yovanovitch, a 33-year veterang bring her expertise to capitol hill, how significant is it for her to say this president was operating outside of the chain of command with rud giuliani? it wi

so justice if you think nothing is working for women you know so we need immediate action and that amde led directly to stage of a revolt there is a revolution and therefore our president had to respond to this. place event is not clearly see out a path forward for how are we going to engender based violence but not just a but they've actually given a budget towards the world i want to hold government accountable i want to hold police didn't settle them up was accountable for what he said in parliament so my opie's that all this ends i'm hopeful and i'm prayerful what makes me keep up daily is to see that my sister is safe to see that my daughters are safe to see that my granddaughter is safe you know so i love another day just to make sure they're my sisters ok. that was rape survivor caroline peters who spoke to did adrienne krrish. to west africa now and the violent conflict in mali between government forces and she harvests musicians have long been caught in the middle is honest self imposed bans on music and the government has limited public gatherings due to security concerns didn

so justice if you think nothing is working for women you know so we need immediate action and that amde lead to stage of a revolt there is a revolution and therefore our president had to respond to this. place a dent is not clearly see out a path forward for how we're going to engender based violence but not just a but they've actually given a budget towards the work i want to hold government accountable i want to hold police hadn't settled i'm a pause accountable for what he said in parliament so my opie's that all this ends i'm hopeful and i'm pretty full what makes me get up to 80 is to see that my sister is safe to see that my daughters are safe to see that my granddaughter is safe you know so i love another day just to make sure they're my sisters ok. about presidential hopefuls in the u.s. have clashed in a televised debate 12 democrats took to the stage to fire verbal shots at each other and at president trump one frontrunner in the race for the 2020 democratic nomination came under repeated attack senator elizabeth warren. yes there it took to their podiums the democratic presid

amd reports third-quarter revenue in line with estimates.plashed its guidance and highlighted new products. we have the details. big talks.'s owners

let's blast through this amd third quarter revenue.timates drop in sales of theent prize. stock down 2.5%. young china topping forecast revenue no short of estimates strong same shore sales. young china down 3.3% blame pigs things like barbie and rubber baby buggy bumpers i got that out let's get to the favorite section of the day trepdi tre trending stories making fun of my tongue slips. >> our brains aren't always working. let's talk about some trending stories. these are fun. pay pal founder says elon musk may be an innovative ceo but may not be the best role model he says his work intimidate young people it may be easier to start a internet work from their college dorm room. >> allowing facebook's role to spread misinformation saying it was naive and late considering the consequence of connecting billions of people while facebook has made progress the company still has work to do on the platform of those looking to spread information. the ncaa will allow student athletes to profit off the likeness of their name, and image. crafting

. >> and taking a look at shares of amd. there is some really bullish sentiment heading into the earnings report even though shares are down slightly. you're getting a big release from the seven nanometer project. that has helped all of the increasing bullishness already. analysts have said the positives have outweigh the negatives in this set up for the earnings report. come and take a look at a chart here. we talk about bullish sentiment, it is here. basically about a month or so. your of 14% so far. atare waiting for a look sales of the new high end processor. taking advantage of the intel pcu shortages that are fueling andy. caroline: we await those numbers. we have had numbers from electronic arts. all hopes on the apex legends new game. would see a 2% rise. they have exceeded that. revenue comes in further second fiscal quarter. the third-quarter adjusted revenue, 1.9 4 million. ahead of expectations. full-year expectations raising not as high as the market would have hoped. up 5%. scarlet: another company moving highe

we have -- >> amd scott, you and i like sports we make no secret. >> fair comment. >> we often talk about important coaching is. probably the most important. how teams win. well, look at the coach, lisa sue, takes over a company that people have given up on. bad balance sheet, no road map for growth, over here, look what she's done i think this is the greatest turn around story of our lifetime and this quarter was excellent. even people like citi, by the way, citi, very funny, shows you where people were, advanced micro, another miss, not meaningful, has an $8 price target i think the train left the station for this man this quarter had a road map for growth there will be sellers. she did not say it is the greatest thing ever, it is not lisa sue's way. >> didn't they have a weaker revenue guide? >> you know, i've gone over -- i went over every line of every single one it is all systems go with the data center. all systems go with gaming i think that anyone who thinks there is a weaker are revenue line, you're missing orders in the second half and first half of next year it is a winner peo

graphics chips producers like nvidia and amd.hose powerful chips are used in data mining for bitcoin mining processes you're talking about. >> i think it is about as it is a chip. >> i think i'm going to go with jeanette. the r.b.i. and the corporate tax cut that roiled the bond market peered there is a lot of focus on what that means for governor. it looks likely they will continue this easing package pit congratulations jeanette. sorry, eric. but you win all the time. >> he will beg to differ on that. >> you can find those charts on loomberg using gtv johnson in the in banking series taking place in madrid. he will not want to miss that coming up at 2:30 p.m. hong kong time. >> in the neck sour bloomberg markets asia, we discussed asian infrastructure and economy with the singapore miniature -- singapore minister. this is bloomberg. everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up

jumps those freeways they had to shut him down for a bit and then we saw traffic just at a standstill amd worsp than normal in la for sure right so they're continuing the firefight there and we'll be following the latest with that throughout the morning and also on our news app kron on so just check for that there that's not a good airplane. these good airplanes because its fleet week and we're supposed to see the planes flying over the bay area. >>to show off of the might of the military and just how a precise their operations are able to be over the bridge. snowstorm nations line is incredibly you heard them practicing all week long, i know you did i did yesterday already loud yeah we talk with the leader of the blue angels captain eric doyle and he tells us. >>why flying a san francisco means so much to him. >>i am captain eric doyle and the commanding officer in flight leader of the blue angels. here on the flight leaders so as as we said i'm only on the commanding officer and flight leader so i get to lead the formations. around the demonstrations. so you see the number one on the ta

i would rather look at amd for example. >> it is reflected in the p-e ratio of the stock, much lower. lam research leading chips higher. jim, keith, thank you both very much. the dow is down 48 points. better than where we started, though, liz. maybe you can take it over the finish line like you did yesterday. liz: nice pressure, thank you. [laughter] liz: thank you, charles. he's right the dow is chock-full of stocks with exposure to china, maybe this is why it's in the red as we head into the final hour of trade. did you hear vice president mike pence reveal team trump china's vision today in a wide-ranging very tough speech, he did anything but give a soft olive branch type message. he came out swinging, attacking the world's second biggest economy, over human rights and shady business practices, and he poked at two regions that represent china's most sensitive issues but he also singled american corporations for their role in the u.s. china trade mess. il

demand for data is driving the big run in semiconductor stocks like intel and amd and you need them to process at the pc level or data center level where nvidia is dominating again and we know google and azure and microsoft have storing and process of the data. but fourth it is clear that combatting cancer has become a business for many companies. once bristol-myers converged with saline and business is strong and am again is trying to crack it keytruda could be the best-selling drug of all time. this is part of the pharm industry and for good reason how about the source of demand right now we're in the golden age of entertainment where media platforms are desperate to give us something to watch. does apple have a programming deficit? how about hbo? disney plus? anyone who makes content is surging. we'll see what hbo and apple have up their sleeves when they report later this week speaking of apple. we'll find out how well the new iphones are selling. now the 11 was supposed to be a dud. people didn't think this was something especially what are these three things. i think people under

people want to own the core and the microns and nbda or amd. i like all those better.o to mike in new jersey mike, mike, mike >> caller: boo-yah to you. thanks for taking my call. >> of course >> caller: jim, i own occidental petroleum, about $5 more than it's selling for now i was thinking of buying more at the lower price. >> no, no. we're not going to buy more oils i've gone over and over and over and the oils are just a bummer, okay that's a real technical term it basically means that they're fossil fuel stocks and the young managers won't own them and people don't even trust the dividends. okay let's go to joe in maine, joe? >> caller: boo-yah, jim. how you? >> i am good, joe. none better. what's going on? >> caller: well, thanks for being a great inspiration and knowledgeable teacher to all of us small investors out there. >> thank you thank you, buddy >> caller: i'm interested about your thoughts on data dog, symbol ddog. [ barking >> don't know datadog. that's a trick i want a treat let's try raul in connecticut. raul >> caller: hey, cramer i want to know what

that's front end semi equipment, but i'd expect you'll see continued d strength >> jim said don't sell amd, if you do, shame on you there's maybe a thought you look at a texas instruments and say okay, i'm going to take that name out take that name out he's like whoa >> just to do that >> pete said about you know, don't throw the baby out with the bath water more or less. this one, terror dine did exactly the opposite of texas instruments. they both beat on the profit side then they cut it by 20% those are two companies going in opposite directions. doesn't mean it's a no touch means you're going to see a few days of pressure on this this one. >> so cramer's point about the nx prk i, steph, tell me why you bought it today. >> they made an an wii sigs. you have synergies from that there's upside to margins given their cost structure it trades at 12 times forr ward estimates and i think those have been for the most part derisked. i think part of texas instrument's issue is that it was kind of a safe haven and a lot of people were hiding in the name yeah, they have auto and industrial exposur

quickly tel me there are political forces at work here who didn't want the world to see what was in the amded transcript. >> woodruff: meanwhile, u.s. house impeachment investigators asked former national security adviser john bolton to testify next week.te comm conducting the inquiry heard today from two foreign service officers. >> a senior administration official tells the newshour late today that morrison has resigned ahead of his deposition, but that he "has been considering doing so for some time." the number two official at the state department says he does not know of any attempts by president trump to havukraine investigate the bidens. deputy secretary of state john sullivan testified today at his senate confirmation hearing to be ambassador to russia. he said he was unaware of any pressure on ukraine. but new jersey democrart menendez pressed the point. >> do you think it's everpr riate for the president to use his office to solicitnt investigationsdomestic political opponents? >> soliciting in astigations inomestic political opponent? i don't think that would be in accord with our

>> well, from just being outside i amd, a female by myself, facing being raped, facing being assaultedcing harassment from the police department by itself, facing harassment from home depot just because i am here and i am unhoused. amy: how do you feel about homeless shelters? foro an extent, they are ok a temporary situation. but right now with the way everything is going come all it is is pushing people from one shelter to another shelter. it is called shelter hopping. it is not a good thing. withneed to help you housing while you are there so other people can come in and get the same help. certain shelters are picking and choosing who they want to help and how they want to help. that is another situation out here. >> my name is anita. i'm the founder and lead organizer of the village and free the people -- feed the people. alliance.ea, people's housing identity project. amy: talk about city housing . >> we are in a state of emergency. it was declared in 2016. we just got the declaration reinstated this past tuesday. what the declaration states is it admits there's not enough housing

steph, william in california, what do you like in the semiconductor sector >> i like amd, it's up 72%. it's not cheap i wouldn't buy it here if you own it i'd hold it. >> what is your opinion on carnival. >> a little painful, when we did buy it, we sold calls. the stock hit 40 earlier this month. bounced a little bit to 42 if you get less worse news, you know, out of europe, they do have x poe sure there, a little bit of move in the stock >> okay, josh, for you, keith from florida, hasbro the right stuff in. >> i don't know. missed earnings by 17% >> it doesn't have the right stuff. excuse me. >> complained about ties with china -- should i stop, do you want to finish now you can continue >> don't buy >> that's it yeah, i don't know sorry, brian, not a buyer. right here on cnbc >> it's not personal the stock was up 50% going into the number but i feel like when you're going to miss earnings per share you should say something at some point during the quarter and, look, you have every excuse in the book. you have tariff issues, retailers cancelling orders because they're spooked by chin

we've reported here at nbc news that in that five hours before amd sondland replied to acting ambassador taylor, he did call the president and spoke with him about this. and gordon sondland plans to tell lawmakers that, while he acted on president trump's good faith assurances that there was no quid pro quo, that he wasn't personally involved in the decision to hold up aid and so he had no independent knowledge of why the aid might have been held up. therefore, if he provided incorrect information to ambassador taylor about the fact that there was not a tie between holding up that aid and opening this investigation into the president's political opponents, that that wasn't him misrepresenting the facts, it was that he was given the incorrect facts. >> josh lederman, kristen welker, jeff bennett, thanks to all of you. i know it's going to be a busy monday for all of you. it's also a busy monday for our next guest, congressman jamie raskin, a democrat from maryland and a member of the intelligence committee. thank you for being with us. i understand after this interview you're going to wal

. >> yeah, it's performed pretty well we're going to continue to hear about share loss to amd, can compress stock. i don't know if i would sell out of the full position but trimming it here because it will be positively correlated with upside move in the equity market which we've talked about today but definitely a trim here is probably warranted. >>> liz from mike in new york, how about going along the vix. >> i would never call the vix your primary moneymaker. however, don't see it going much lower from here and probably do expect more frequent spikes in volatility it's an okay play as a satellite. >> okay. weiss from david in new jersey what's your opinion on baba. not that he needs your opinion. >> again, you say the things we're all thinking. >> i bought it friday. so the stock has bounced off the 150, 156 level off the lows but i don't think it is really reflected what could happen with the trade deal so that's why i bought it. i also thought getting to that season where you want only stocks i think it's a great trade here. >> okay. coming up, biotech bouncing back over the past few w

night was incredible obviously memory which is important -- >> i'm saying like micron and nvidia and amd. >> smh. >> i would -- >> and intel running behind the group. >> you sold it lower and i understand it wasn't a bad play. you made a lot of money and got out. i think it has upside. >> i think the upside is on the equipment names. >> what about -- give me the best equipment name right now? >> lam research. >> we're going to talk about that later tell me why later. >> twitter ouch >> yeah. >> brutal. weiss, you own it? >> i do. i sold most of it. i said on another show yesterday that i sold most of it. >> frontrunner many times -- >> the reason being -- the reason being is that as you go on the site you didn't see the advertising there. and it just wasn't there. >> you sold it into the number or after the number. >> i still have a very small part i sold it yesterday morning before the number. the stock was also giving a tell, just wasn't acting well. it wasn't participating at all the numbers really had nothing to do with my selling it it was a different demographic to go to but look,

. >> you know, amd i'm brand new to instagram too so i'm always looking for, like, moments to celebratee that people might want to watch, you know, and like and subscribe >> seth: yeah. >> but i was just overly enthusiastic, because the show hadn't really won since i've been going out my first year was last year going. >> seth: yeah, yeah. >> and in the years before, like, jon stewart used to crush us >> seth: of course, yeah, yeah >> and stuff like that so i was excited for the show. and i was excited for lorne. and i was excited for everybody. and then that picture that they used was like my sketch, you know what i mean it was the first time that "family feud" was a cold open. >> seth: yeah. >> we got to say "live from new york." and i thought about, you know, making it a moment with the cast so i suggested that maybe the cast join me, 'cause i thought it would make a good picture so that whole picture was kind of my idea >> seth: yeah, yeah, yeah. >> i helped it out a little bit. and then that's the one that they used. and i was just, like, overly touched. so i'm, like, taking selfie

doctor lauren phillips who was 26 had told her mother she was worried about starting a newjob in amdcular situation at work or if they admitted that they were struggling for mental health problems, that that might be taken into account in future career or it might demonstrate that actually, they are not strong enough to be a dock. lauren did seek help and was advised to sign up with a gp. the nhs prep fish in a health service has supported thousands of doctors in london over the last 11 years. this month, it has been extended across england to cope with demand. its medical director is a government advisor. every year, if we compare it with the last year, we have had 100% more patients, we are doing something to these wonderful young people and i think what we are doing to them is not showing them kindness and compassion and we are treating them as if they don't matter. one doctor every three weeks takes their own life in england. currently, the nhs is struggling with record demand and a shortage of 10,000 medics. do you accept the understaffing has put more pressure on junior doctors

base out of intel then suddenly amd ran into production issues and yield issues on the thin chip.to make semiconductors it takes a lot of capitol and experience at 11 and 12 times earnings it's hard to bet against intel and what's going on. >> interestingly you seem to like hardware. is there a services company you like >> well, you know, i guess if you look at microsoft, which we've owned for some time, that's mostly now a services company. always been a software company they actually are pushing more towards hard wear. i think what we're looking at is in a data security world people are trying to vertically integrate their product sphere the way apple has. as they're moving towards that there's room to grow. >> you saw microsoft climbing to or just unveiled, did you see this, this foldable smartphone as if they're getting back into the smartphone business using the android platform >> well, that's it i think that windows as an operating system for cell phones was a failure. there really wasn't room for another player in that duopoly if you want to control your consumer, you have

we have amd advanced micro devices trying to ease into your server process. with you on a of data center hard drives. what is your strategy for dealing with that? that weok at the market are serving, which is roughly $300 billion. it's the largest market in the company's history. it's really driven by our belief that this insatiable appetite for data, whether it's consumers enterprises, needs more and storage, and faster and faster movement of data. it is that demand that is driving the need for high performance compute which we consider our sweet spot. that's really what resulted in a strong quarter and our strong outlook. we realize that our customers have options. with those options, our commitment to them is that they can count on us to continue to deliver high performance, differentiated compute to solve the problems and challenges that they are wrestling with. until we feel good about where we are, the market we are serving is as large as it's ever been. we are delivering more and more technology into more and more devices. paul: back in june, you said

business than you can handle and you start making the right product -- by the way, please do not sell amdthis what he's saying is business is fabulous there's tremendous demand. and by the way, data center is really good. so the read through to nvidia on the high end does make sense >> data center is the key here, which goes back to our discussions about azure or aws and even google's cloud offering >> they're talking about -- >> excuse me >> that's what they call the guy who runs it. apparently the guy is really killing it there's so much more business. there was a pause in data center everybody admits it. no more pause. the spending is back there had been a saturation. now the spending is back look, intel has every single product line they spent a lot of time talking about their mobile >> chip business >> is automotive the outlier here >> they're saying don't worry about automotive industrial is pretty good. texas instruments is in opposite world. it really is the data center side by the way, that was a punchy conference call. i kind of liked it, if we're talking about conference calls

they are the biggest gainers among the leaders there, including amd, micron, and nvidia we'll start hearingkers the chip equipment makers have been on fire lam research, a lot hitting new highs consistently so as they move forward, and the chips continue to move forward, and our fears of the impact of chinese tariffs seem to be waning, we are seeing that sector in the lead once again. back over to you >> bertha, thanks. we'll see you in a bit it is a big week from mark zuckerberg he's set to testify on wednesday on capitol hill. in an exclusive interview with lester holt, he defended the platform's policies and addressed the public perceptions of the company >> i get a lot of people are angry at us. part of growing up for me has just been realizing that it is more important to be understood than it is to be liked and i believe it very strongly and i do think that people can make up their own minds about me or the work that we're doing, but this is who i am >> meantime, he goes to house financial services this week to talk about libra, which jamie dimon last week said a neat idea that will n

the street really made a mistake 16 months ago when it assumed all that server busiest was going to amd long term contracts and intel is still the behemoth in the business this is a really good report and real sets the stock up as it moves past $52 a share we're pretty bullish on the call we also want to hear on the earnings call what they are talking about for capital expenditures because that's the next leg in this, how much money do they need to spend to stay current. >> all right mike santoli -- >> the one thing i was going to add with regard to inconsistently way the semis today bounced back from the miss of texas instruments yesterday that was a net positive the whole group didn't decide it was game over. >> a lot of texas instruments specific that's why they bounced. lam had a great number it was very encouraging. >> more earning out. gilead, mike heg ferrell has the numbers. >> reporter: coming in at one cent ahead of estimates at $1.75. adjusted earnings per share. revenue came in dlarts 5.6 billion. for gilead it's all about its different drug franchises. on the big hiv drug f

the semiconductors, amd, there is apple holding up a good part of the market, up 42%, not a typo, yearpple the dispersions really is why. look at the losers in key groups, retailers, healthcare, some healthcare, pfizer, united health, humana, all down double digits here. we have seen some of the energy stocks, you know what's going on there, been a complete debacle, halliburton, stuff down 20% or 30%. if you look at the energy laggards like halliburton, cabot, national oil well, all week as well here. put the healthcare energy laggards up there. they're all weak here. the retail laggards, targets, had a good year, walmart had a good year. a lot of damage here with macy's, gap, nordstrom, kohl's, wide dispersions between the winners and losers one thing, i'm not sure there will be a selling of the winners. if you look at gap, the s&p at the close on friday up 20% this is friday's close the average large cap core fund active management fund was up 19%. my thanks to cfra for pulling this out these are the guys importantly who do the active management that's a pretty close difference that

business has weighed so heavily to industrials sure, he says, you may sell exp on this news but not amd his point. q1 eps of $1.25 on revenue of $32.2 billion, representing jumps of 9 and 11% back to you. >> josh, thanks so much for that mike, what's the setup for microsoft as we come into these numbers? >> the stock has flattened out the last few months. it's still widely loved by the street estimates for the quarter have come up in the past three months, unusual for a big company. the bar is relatively high, people believing it's almost an automatic earnings story for microsoft. >> steve, where do you stand on this one >> i own the stock look, i'm concerned because there may be a slight miss it's not going to be big, frankly. if it got hit i would buy some more 140, it can't get past there it's not cheap but a lot of stocks aren't cheap. high quality doing a phenomenal job i'm sticking with it. >> those numbers after the close. we'll bring them to you as soon as they hit. und under five minutes left to trade. biogen, taking a breather after posting huge gains yesterday meg tirrell spo

. >> on this >> on this i will not go the broad, you got to sell micron those who sell amd on this, shamen you shame on you what have you no shame, david >> this is not the mccarthy hearing. >> it is >> have you no decency, short seller >> remember the republicans were the conscience of the senate i think it is that micron is the linchpin once again. if micron holds, here, plus or minus a dollar, bingo. >> we didn't get to boeing. >> we didn't we have to. >> pushing back 777. they think four quarter on the max. negative operating cash flow, 2.4. >> where do they say that -- look, very true, they did ring fence. it is true to open up the deck and first thing you see is this thing is not going to sink us. if it was up to them, yeah, it is still clearly out of their hands. i would like to have seen two decks. presentations. one of if things don't come back, and, by the way, if you look at united technologies, fantastic quarter yesterday, if things don't come back, and they do stop production, then companies will be losing hundreds of millions of dollars a month. so i would like to see an eit

blacklist, including some of china's biggest ai firms now rbc's mitch steeves tells me he still likes amd and a fan of vindya, as well, betting both take more share. >> we're going to move to biotech stocks because those, too, are getting crushed today. >> a major move lower for diagnostics company is weighing postoperative entire space missed wall street estimates zmounds its ceo is leaving for the quarter, they cited weaker than expected developments in china, which may be part of the reason you're also seeing chaser of ill lumina sinking. guys, back over to you >> meg, thanks very much we're down 1.4% on the s&p five minutes left. let's get to shares of domino's. a volatile day for them. kate rogers has more >> domino's missing across the board as the company continues to face pressure from third party delivery aggregators and domino's cut its long-term outlook range into a two to three year window, saying it was more relevant for investors in this uncertain market. still, the ceo maintaining there is a shake out coming in the industry, defending the company's strategy of fortressing,