on thursday, bob swan was named the ceo. heart?nge of about thispoke earlier, he said, i love my job and i wanted to make intel a better place but the more i did the job, the more i took over talking to customers, dealing with interactions, the more i understood about how pervasive we are in the industry. when the board asked, i cannot refuse. caroline: the market initially was mixed. shares fell. they retraced the loss. there was hope they may be would ceoa slightly more female but maybe a more external candidate? >> you are right. when the former ceo was forced out, people thought bob swan would be a good interim candidate. on and bobragged said i do not want to do this, people started looking in other directions. going back to the person we thought was going to get it, it is a sense of, what happened? there was a little bit of disappointment. key focus of bob swan to prove himself is to take on competition. we have great quotes coming from him discussing how he will double down on services and customers. : we believe we need to

interim ceo bob swan sits down with us on the other side of this break this break don't go anywhere. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. this round is on me. hey, can you spot me? come on in! find your place, today, with silver sneakers... included with many medicare plans. call the number on the screen now or visit getsilversneakers.com ♪ [ dobaxter.ng ] it's bedtime. peace of mind should never be out of reach. [ voice command beep ] xfinity home. xfinity home connects you to total home security you can control from anywhere on any device. and it protects you with 24/7 professional monitoring. i guess we're sleeping here tonight. xfinity home. simple. easy. awesome. call, go online or demo in an xfinity store today. >>> we have had an eye on intel shares the company missed forecas

he said intel is guiding to 34% for the year bob swan, interim ceo, he is leading this call.ted off about talking about strong cloud demand, they gained share in modem but acknowledged there are some challenges as well take a listen to that. >> we expected a stronger finish fourth quarter revenue of $18.7 billion was up 9% but short of our expectations as a result of a dramatically weakening modem demand, lower overall growth in china, cloud service providers absorbing capacity, and a weakening pricing environment. >> bob swan actually started off the call with a question a lot of investors have. who's going to have this job permanently. it's been seven months bob swan simply said the board continues to evaluate candidates and proceeding with urgency. for more on this, bob swan will be on cnbc tomorrow talking about all these issues and i'm sure a lot more so tune in for that interview melissa, back to you. >> when bob uses the word "dramatically slowing," josh, are you getting a sense what is behind that? is it the trade war, volatility in the markets what's driving this sor

bob swan said we dramatically expanded the role we play in industry, making sure we don't constrain thewth by not having the product when customers need it. guys, sometimes they say i'm not interested but become interested rather quickly >> jon, that's interesting, what we heard from you talking to swan it kind of goes along with the question we were asking, which is wait a second, how does a guy going from saying that with you and others on tv not longago t taking the job permanently my understanding is additionally he didn't think he was a candidate, when he first took the job, with that unexpected departure at the time, perhaps was sort of trying to cushion the possibility of his own rejection by saying he was not interested they did get down the path far i am told with one particular candidate, it did not end up happening, that was fairly recently, they went back to him, to your point, he was asked, and then said yes. i guessyou can square the two, but it does have an odd look to it >> when i did that fort knox interview, you can see that on cnbc.com and youtube on the fort knox cha

bob swan was named permanent intel cfo.ne of the things that microsoft blamed -- >> he wanted the job. >> he didn't want the ob can we run the clip where he said no? >> this was not necessarily what we expected. >> no. i had the best quote i asked him, would you like to be -- he said no i don't know if he let me finish the sentence i think bob's a terrific guy microsoft actually blamed chip shortages on one of the reasons the intelligent cloud wasn't as strong as i liked. microsoft if it had been at 98 it would have been at 104. intel is down a dollar david, you just mentioned to me the other day you thought they were about to find a permanent guide. >> they did. >> i don't want to slam intel. but it was like william tecumseh sherman, i will not run. >> they indicated they were very close. they were not able to do it prior to earnings. they gave themselves a little more time. >> it's a shocker. come on. >> if he wanted the job, it would have been his. people were quite happy with his performance, at least the board was. >>

now with the slowdown, it is evident bob swan or someone has to sort this out.ily: there are broader macroeconomic issues going on. a trade were, a smartphone slowdown, an iphone sales slowdown. intel was not the first to mobile chips. the broader chip industry is riding on the health of this overall ecosystem. with is that mean for intel? shira: the chip industry in general is one of the most globally interconnected industries in the world. and so it is really a big blow for companies like intel and others. they are not in a unique position to have this kind of trade were going on between the u.s. and china. it kind of hurts them on both sides. both the china customers may be feeling the pain from slowdowns and economic growth in that country and intel has to do with how to figure out the supply chain and tariffs that are applied on the u.s. end. so, yes, it is a really difficult condition for this company.at the same time , we are -- there are economic slowdowns in the markets of the world, china, europe, and that hurts them, too. this is an industry that is e

bob swan said that there was volatility causing a lot of indigestion for investors now.a glut within the data center looks like the data center took a little break took a little break. >> yeah. >> who is spending most in we know, right it has got to be -- >> google trying to catch up has to be alphabet and motorcycle so microsoft. >> a lot of people are saying amazon is paying a lot and won't pay off. >> look at alphabet. that's going in a lot of different directions those numbers are bigger than at&t or verizon. >> they got to catch up. >> some of the biggest capex numbers in the world, but some studies done recently that says capex has not increased depreciatably year over year -- from the result now a year in roughly almost from tax reform, which was expected to -- >> and china, slow this is about how there is a refresh, microsoft coming on with azure, doing a great job. >> see that? >> yeah, it is a compendium. >> wow. >> i know. >> you're going to read that >> am i going to read it i have no life, why not. no monday night football you're seeing a lot of companies th

can't wait to talk to him 30 minutes or so intel, of course, the other big story, we'll talk to bob swanome comments about china that are not good, jim >> no. and, bob, bob is on "mad money" not that long ago when we were out in san francisco, couple of weeks ago, and told a pretty good story this was not a good story. just said, look, short of our expectations, result of a weakening demand the quarter was kind of over when i spoke to him. lower overall growth in china, that is a constant theme we're getting. cloud service providers absorbing capacity, talks about indigestion that they don't need as many chips. i read this, i said to myself, lisa sue, ceo of amd, the world is your oyster the shortages continue she has the edge on, this is amd, the edge eon intel andy grove, swan is not paranoid enough he's interim ceo. >> interim not there much longer. >> not fair to him he's interim. >> he doesn't want the top job. >> never wants it. i want to be kind to him he doesn't want to be ceo. >> he doesn't. and what i am hearing is they are going to have a new ceo announced within a month they

i would also say that bob swan is a guy that's been around for a long time but he's on the financiale right? so itdepends on what you're really looking for at intel. intel they looked around and according to david faber, there was somebody they were hounding hard who did not want to take the job. who that is i guess we don't know i think it's really interesting because this gentleman certainly does fit in well just depends on who do you want directing your company would you rather have an engineer i like the way microsoft pivoted. they pivoted in the right direction in my opinion. it's why i expected to see intel pivot the same way. >> you want the cfo running the company? is that who you want running this company >> what i'm saying is my answer is no, but i can't say that he's not the right choice either, scott. let's be honest. there's a lot of different financial, a lot of mergers that go on. he obviously has a lot of these folks, engineers from different areas of intel that he can lean on and say, hey, does this make sense and we've got to financially make this make sense, as wel

that's bob swan, interim ceo of intel.e got to tell you, in all my career, i never thought i'd say that "mad money" is back. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. ♪ >>> last april when the market was still roaring higher, we started talking about the race to a trillion dollars. the four huge tech companies that seemed poised to hit that dramatic market cap milestone, apple, microsoft, amazon alphabet neither alphabet or amazon made it to the finish line. but the whole race has shifted apple is now lagging behind the other three competitors. it's in fourth place microsoft is slow and steady tortoise in this contest ended up being the most valuable company i

jim cramer sitting down with bob swan moments ago about what is next for the chip stock.'s take a listen. >> the pc has stabilized a bit we have a leading position data center is huge and the needs for data are growing and growing. and in addition to that, we have -- you know, it's not just intel inside the pc and the data center, but it's also inside the automobile, inside the factories, inside the retail stores so in an era of this increasing data and the needs for data, our presence is just much more expansive today than it's ever been. >> for the full interview be sure to tune into "mad money" with jim cramer at the top of the hour. >>> there was a frenzy in the options pits today dan is over at the plasma to break it down. >> yeah, mel great to hear an acting ceo talk like that a couple of weeks before their earnings. seemed pretty positive in light of some of the news that we've seen in the pc centric space today put volume was 1.5 that of calls. but it was a call strike that caught my eye looking out to april expiration there was someone accumulating 4,000 in the a

you've got bob swan. >> looking forward to that one. >>> coming up, advocacy groups urge the federalssion to break up facebook over the privacy violations. we'll look at whether a break-up of the social media giant could happen. >>> we'll break down the charts, too, as well why recently it's more profitable to buy stocks when trading opens rather than waiting until the close but you have to keep watching cnbc regardless in either slot. we're back in a couple minutes your employees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameri

of ntel and bob swan has been filling in for him ever since, intel's interim c.e.o.as said the fulltime nt job. according to sources, some of the top names that were on the longer in thee no running, names like former intel james, former c.o. o. what challenges are next? e have ian king who covers intel and the managing director and senior semiconductor analyst. start with you, who are the frontrunners? we shouldthe problem, know, prior to intel's history has a regular program of bringing talent and people to the forefront and having it all managed effectively. leaving early for reasons that weren't his own and one of the ther things he did was interrupt the senior management circle with an obvious successor. emily: there is no obvious successor. >> there are a lot of theories. are they?at >> senior executives on the inside, you have people on the like renee james, maybe people like kirk or diane bryant come back. again, just at this point. would you like to see intel do here? my preference is for them to hire someone externally. they have some great company.es insid

scarlet: we will stay with intel because the cfo and interim ceo bob swan spoke to bloomberg today aboutok for the cloud business. bob: first i start with saying we are extremely excited by the end demand, the workloads, the consumer consumption, things that are driving the use of data continues to grow and be extremely strong. so we feel very good about our position in the market in the long-term, the long-term trends. coming off of a record 2018 where our business grew by 40% during the course of the year, what we see is a buildup of inventory in our customers, and what normally happens is they built the inventory and that in teams to consume it for a wild and then they come back to build more. the reason they are building more is they see the workloads for the and demand to continue to be extremely strong. so what is going on right now is they are in the consumption, digestion mode, and our expectations are they will be back in the second half of the year buying like they have been the last several years. so we are very bullish on the long-term and are going through a natural digestio

we also heard from tim cook, bob swan those and others >> as we look at what's going on in china, its clear that the economy began to slow there for the second half, and what i believe to be the case is the trade tensions between the united states and china put additional pressure on their economy. >> whether it is u.s., china trade, whether it is u.s. government shutdown, whether it is brexit, as we enter 2019, we see a little cloudy macro and geopolitical dynamics that weighed on outlook for 2019. >> these are not micron specific industries we expect them to work through over the next couple of quarters >> joining us, founder and former ceo tj rodgers. nice to have you how important is the chinese market for chip makers here and everywhere >> biggest customer in the world. china, it is where everything gets made. that's where you ship the chips. >> and so what do we make of a slowdown and what do you make of it in terms of how long it may extend and if you want to weigh in on some stock prices, given you saw your shares of ups and downs at cypress semi. >> all right so first, a sho

coverage from ces thanks for bringing us all of those interviews this week >>> meantime, the intel ceo bob swans on with jim cramer on "mad money" tonight. >>> shares of american airlines are down 8%. down big, driving the rest of the airline stocks with it much more on that move straight ahead. >>> look at the worst performing stocks in the dow so far in today'seio exxonmobile, merck and pfizer. en information. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> welcome back to "squawk alley. deirdre bows has an exclusive with the company >> reporter: we rarely hear from the chair. he is an investor in some of the oldest, biggest unicorns, airbnb and

boeing, we just had them on, the cash flow there is humongous bob swan entering an intel report and jday, and i think it will be good. maybe they'll tackle litigation in context drug, tech, aerospace, retail. hey, you know what ♪ hallelujah i love that portfolio. love it! hey, tom in illinois, please, tom. >> caller: greg, in memory of jack bogle, god bless him. am i diversified, sir? i have black hills i have pfizer, i have procter & gamble i have at&t, and i have bank of montreal >> wow a quizzical portfolio, if i don't say so myself. all right. at&t yields 6% i think it's safe even at 30 i like it. one of the most conservative banks in the world they never got in trouble during the bad period black hills. pfizer, i prefer merck and procter & gamble, maybe goes to 95. consumer packaged goods, drug, utility, telco, and bank that works for me. but we're not done ♪ hallelujah we've got more to do let's go to jason in mississippi. jason? >> caller: boo-yah, cramer. >> holy cow, jason you sound awfully young. good to have you on the show, though. >> caller: that is my 8-year-old daughter

uncertainty, shares of intel, as you mentioned, down 5.5% we're going to hear from intel's interim ceo bob swaner on this morning that's at 11:15 a.m. eastern time i'm sure the team is going to have a lot of questions about that search. back over to you, brian. >> they will we'll see you in a few minutes thank you very much. staying with some of the chipmakers they're also watching shares of western digital. hard drive maker the company reporting revenues fell more than 20% you say, well, why is that stock up this morning? because their guidance of good the company now expects revenues to improve in the second half of the year shares of western digital right now up nearly 10%. we're also keeping an eye on starbucks. strong results last quarter. same store sales growing 4% here in america just 1%, though, in china. now, starbucks opened 541 new stores in the first quarter. more than one-third of them were outside of the united states starbucks shares are also higher this morning nothing takes the cake like pg&e those shares skyrocketing late yesterday when california investigators cleared the co