brian krzanich reassures customers there's no evidence the chip issues have been exploited as the world waits for the problem to be resolved, but how did his speech go down at ces in las vegas? we'll be getting an expert view. also in the programme — apple could be facing legal action in france, the iphone‘s under the microscope there over intentionally shortening the life span of smartphones. and the european trading day has just got under way — in london, better than expected news from morrisons bodes well for retailers. we'll tell you all you need to know. catching the copycats — we meet the woman behind a service that lets small firms track down and stop others stealing their ideas, without using expensive lawyers. and with all that new tech and latest gadgets on show at this year's ces, we want to know, what would you like technology to do for you? what gadget would change your life? let us know, #bbcbizlive. hello and welcome to business live. one that can make me a really well—made cup of tea and look after my children simultaneously, that would be perfect! the boss of intel has

adding to intel's image challenges, the compa ny‘s chief executive brian krzanich sold about $24 millionares in late november, after the company learned of the chip security problems, reducing his holdings by about 50%. intel released a statement insisting there was no impropriety, saying the sale was "unrelated," rather a pre—arranged stock sale plan and that he "continues to hold shares in line with corporate guidelines." at the consumer electronics show in las vegas, intel's ceo said there was no evidence that customer data had been put at risk. the best thing you can do to make sure your data remains safe is to apply any updates from your operating system vendor and system manufacturer as soon as they become available. for our processors, products, introduced in the past five years, intel expects to issue updates for more than 90% within a week and the remaining by the end of january. our technology correspondent rory cellan—jones is in las vegas. he didn't say anything standing or new, really. how worried are people about this? well, it was an extraordinary moment, really because he

this is the intra-day picture, it plummeted because brian krzanich was giving a speech yesterday and people pushed and expected as the leader of intel would say enough to calm worries? well, he was honest, but didn't calm worries on the chip security concerns impacting quite frankly the broader markets. stocks flying through the roof at this hour. with all five major indices breaking out to brand-new record highs. talking about the russell 2000 too, on pace for sixth record close in the new year. the sixth consecutive records to start the new year, that's going to tie the all-time record that hasn't been seen in 50 more years. the atmosphere here is great. but i have to say, it's raining in vegas and the roof is leaking. can we show what's going on down below? we have lance, our camera man there, if you look, there are trash cans placed all over this floor of about 50 football fields because the roof is leaking! >> you're bringing the roof down, liz. liz: i'm bringing the roof down. thankfully the sky is clear above our roof. very nice. >>> the immigration debate is raging at this ho

now we just heard from brian krzanich admitting that maybe things are a little worse than we said.hat microsoft came out and said, we are finding problems . so really, this industrywide effort to put a brave face on it and say the problem appears to be fragmenting. emily: what is like results saying? >> that in certain circumstances, it appears as though the slowdowns as a result of these remedies are being put in place are worse than had been previously thought. emily: so talk about what exactly this means. if the fix doesn't work, then what? >> it's a choice, right? you fix it and your computer doesn't work, or you don't and you are vulnerable. so you buy more servers to make up for their performance, you struggle by with the corporate system that doesn't work? there are all these ugly alternatives. emily: we also have an update from arm. they are saying 5% of their chips are affected, luckily it is not 100%. what does that mean? >> this is important. arm is in every smartphone. right? many more chips based on arm technology are saying since 1991, 120 billion chips using our tech

landon dowdy has more on that. >> brian krzanich sold a large stake in the firm after he knew about they flaw, he addressed the security issue last night with jon fort >> we're constantly learning new ways to exploit architectures. then patching and fixing that. that's what this is. we were working with all the industry partners, arm, amd, the os vendors, the oems of th various hardware systems to patch this issue and resolve it. >> intel shares having their worst day in months. the stock is off 1.3% in early trading. back over to you >> thank you very much for that. >>> still ahead on "worldwide exchange," two fast food chains debuting newmenu items that ma be your ideal snow day combination. all those details coming up. >>> and as we go to break, a look at european trade which continues to be positive after yesterday's gains. the ftse hit an all-time high this morning, albei it, it's gains today lower than germany and france >>> welcome back to "worldwide exchange." i'm wilfred frost. time for our top trending stories. landon dowdy is back with what's buzzing today. >> snow is trendin

this is what brian krzanich told our brian fort about fixing the problem. >> we believe we have the right fixes in place we've been testing those fixes and understand that we know how to instrument those. and those will get distributed out to the oems >> we saw some crazy price action intraday yesterday on this news. >> yeah, look, there is some possibility, absolutely, that amd will gain some business in the data center. there is -- this is a real issue. and it's a -- it's a messy issue. it's not -- not a good situation for intel, candidly. and it's going to be a situation that dr. su at amd will take advantage of whether you think that's right or wrong the fact is, you can't have a flawed center. you just can't and that's why this is the real issue. it's not your pc it's the data center >> surprising it's coming from a player like this >> yeah. i mean, i think intel is maybe the world's greatest manufacturer i think they're going to fix it. i think we won't think about it a month from now, but the fact is that amd is going to use it as a chance to take care that dr. su is very aggressiv

emily: we now have news of senators urging sec to encourage brian krzanich share sell, he is now downo the minimum of his holding. you expect more to happen? discussed, intel says this is a regular program, this is the way the company does this, however, this problem was known to intel before this ban was put in place. people are saying look, this may be a regular plan that they always use to insure themselves against this kind of accusation, maybe that doesn't stand up in this place and that's what these two senators are saying putting pressure on the sec to go have a look. emily: we also have -- out of simple appliances saying they don't expose vulnerabilities to intel? , what does this mean? ian: again, adding to a list of companies that say no real problem here. google says we have passed everything, everything is ok, there is no slowdown. we are really getting conflicting information and what we have to find out, we are working on, what is the truth apparent, a lot of people don't actually know yet. emily: what are you waiting for? ian: we really need to see all of the patches de

alastair: the big thing to watch will be the keynote speech by the ceo of intel, brian krzanich.mental flaws were exposed last week, and he will probably have to address it. lot ofn key here is a the patches have been put out by some of these big companies to cover for these flaws. the big question will be -- what will be the impact on service, how the computers, smart phones that we all use, hopefully he will be able to address that. shery: all right, great. bloomberg technology's alistair barr, thank you. to moreking forward coverage from ces. vonnie: coming up, discussing the macroeconomic environment. this is bloomberg. ♪ is bloomberg. ♪ this is "bloomberg markets." i am vonnie quinn. shery: i am shery ahn. vonnie: we caught this is "bloog markets up with ubs ceo sergio ermotti from the conference in shanghai. the group started by discussing the macroeconomic environment is seeingermotti brisk. sergio: economic growth at 2.8% needs to be repeatable, of course. we are probably going to lose some momentum from the u.s., or at least not as strong as we had 2017. the rebounded co

seuss -- and intel with the setback i'm not going to jump on brian krzanich this article, the articlelly saying forget about intel chips, i'm not going -- you may never come across this flaw i don't use apple, i use this thing the hewlett-packard, does a lot of cool stuff. i can draw on it and be like brady, brady always uses it. we're two old guys. >> the point about chips is great. lam as you said earlier, up more than 5% this morning along with retail mixed in nordstrom. >> people are talking about it coming back to the market and taking it private because the cash flow turned out to be better than expected is that going to happen if scana gets a bid, they could be in huge trouble because the rates kept going up. i'm willing to believe that anything -- other than the consumer stocks going down because they don't have what we need their international stocks and don't benefit that much. there was a unilever story, really long and talked about the smaller brands and what you have to do, proctor has to do that. i'm waiting for a wall street firm to switch apple from tick to those stock

that we saw come out over the past couple months you were asked about that on the call and ceo brian krzanichn't expect any material impact of the security exploits on spending or product costs or any of that so that's how we bake that in. my question is, do you anticipate needing to make any kind of payments or set aside any amounts of money to deal with the continuing fallout of this for customers who feel like their equipment might not be working as they expected going forward into 2018? >> well, i would say first and foremost our primary focus is on mitigating the issue and rebuilding customers' confidence in the security of their data. so that's number one for us. and the fix primarily is about software so the cost is baked in to, you know, the basic cost structure of the company going forward we want to continue to do two things, one is optimize the software and mitigate any performance degradation that customers may feel and the second thing is the next generation of hardware is solution into the hardware as indicated yesterday we expect that to begin rolling out in the latter part of

some intel critics started crying foul because they learned that ceo brian krzanich sold $58 million worth of stock and options in the company after he knew of the problem, but before they released that to the world? folks, please understand that ceos don't just randomly make stock sales. they schedule sales every quarter, depending on how it feels for the ceo, but pretty much every quarter, no matter whether the stock is up or down, they are programmed, schedule sales, he has no control over it and ceo's do this specifically to avoid having the finger pointed at them. don't look into that and say there is something fishy about that. we did call intel and ask them to come on the show at the latest update. they have politely declined our request. researchers are supporting intel's claims that there were other chipmakers impacted, including rival advanced micro devices. look at that stock. not getting hurt at all, up 4.5% because amd have come out. these two have been bitter rivals for a long time. i don't care what they say. amd said we are not a problem, it does not affect our archit

the consumer electronics show, the big gadget extravaganza and then, brian krzanich, the ceo of intel short amount of time says something very serious, which is not quite an apology, but an explanation of this terrible security flaw that had been discovered days earlier. so it was a very awkward situation and the security flaw -- you could make an argument it is the worst security flaw in the history of computer chips. it is a really bad one. julia: what exactly did he say on that stage? because as you said, this is huge. max: that is where the story goes, is that he didn't quite apologize, which was surprising because this is so bad. he thanked intel's partners for standing with the company in the face of this security flaw and then basically tried to change the subject. what my cowriter ian king and i get into in the story is this isn't going to be an easy subject to change. earlier this year, right at the beginning of the year, intel disclosed these two vulnerabilities. one is called specter, one is called meltdown. what they amount to is the most secure part of your computer, the

so the ceo, brian krzanich, he sold stock and options in late november.veral months after the company learned about these vulnerabilities. so google essentially told intel of the vulnerabilities back in the summer, in june, months before the ceo put his divestiture program in place. intel, i want to make it clear, standing by the ceo, in fact a spokesperson put out a statement saying listen the sale was preplanned t had nothing to do with the chip's flaws, and that the sale was done as part of a standard stock sale plan con firming that the ceo holds his shares within corporate guidelines. he didn't break any rules. a representative though from the sec deinconsiderring to comment because we asked specifically whether or not it is looking into the sale. there is one other detail investors noting not in a positive way. the ceo's stock sale leaves him with only 250,000 shares of intel stock. that is the minimum number. that is why this is significant that the company requires him to hold under his employment agreement. some pessimistic investors they're sayi

brian krzanich gave the keynote speech. they sort of understand but they're kind of annoyed?> i feel their pain, they're trying to work around a problem in architecture using software, that is very difficult. they have had some time to develop them, which is good for us. they've got to get around a problem that is built into the chip. liz: good to see you both, thank you so much. >> thank you, liz. liz: it was not all chip security and worries at ces 2018 in las vegas. workout apps and fitness bands, this time around there is one you can spar in the boxing ring with the most dominant successful living boxer in the world. i got a chance with fox business to talk to, yes, floyd "money" mayweather about his new exercise app he wants to share with you. >> i just did mayweather boxing and fitness, the virtual reality where you have the paddles in your hands and you box. with you! with the virtual reality floyd. this is amazing. >> did you have fun? liz: i did, now i'm sweating. >> at first you thought it was going to be -- >> cheesy, i thought cheesy, how can we do this, this can'

the s&p 500 looking to open higher a little over -- close to a point and a half >>> intel's ceo brian krzanichdly sold a large chunk in the firm after the chipmaker was alertd ed to security flaws krzanich reduced his total number of shares to 250,000 from more than 800,000. those vulnerabilities which have been dubbed melt jodown and spee could allow people to steel cache files and passwords. krzanich spoke about it last night. >> we're constantly learning new ways to exploit architectures. then patching and fixing that. that's what this is. we were working with all the industry partners, arm, amd, the os vendors, the oems of th various hardware systems to patch this issue and resolve it. >> it is a big deal. it's something that security experts have spent lots of time trying to figure out one security expert i spoke to about this said this is a different situation, because instead of the operating systems being vulnerable it's the actual hardware he said this is something that could be a potential vulnerability that we have not thought about with cloud processing where you think each are ind

netflix has been the best performing stock in faang but wong, people should read his key note and brian krzanichad a good key note from intel these are smart guys i've spent time with some of them and run of the reasons i like to go to alifornia. boy, do they make you feel stupid. >> you get a sense of their priorities and we know the priorities for wong are the car, really they are. >> because you need chips that can calculate trillions of pieces of data in a second having billions of transistors in the chip. andy grove, the late great pioneer would have told you how is this even possible? i mean, it's incredible. wong, it really is jensen wong versus brian krzanickrzanich that is not a friendly rivalry that is not friendly. >> and amd not in there at all >> i was quick to say there were problems, but lisa suh, by the way, i love her. she's scrappy. they are tough they do a little -- we haven't mentioned the cryptoids today. >> 39 minutes in. >> thank you amd has a balance sheet that has more restored. do not count dr. suh out she is just one tough ceo. i like her i like her a lot >> guys, we h

. >> exactly, we know that brian krzanich speaks today and he's affiliated with waymo because of thissraeli purchase. but what a battle this is between krzanich and waymo, they have the best car. then volkswagen is the second largest builder of cars. who would be better to team up than uber. this is going to be a battle royal and i think jen sen is ahead. i've spoken to brian and brian is saying what's the love affair with nvidia for me i want to see what brian has to say. he will not be confined -- >> the car is an enormous battleground the chips and screen that will basically control so much in what will be the back seat because you won't really have much of a front seat because you're not going to have -- >> have you been into a waymo car? greatest thing, you say to the car, take me to the best pizza parlor and it takes you. >> based on its zagot rating >> yeah, and dominos tweeted a picture of their own self-driving car. >> ban nan that pepper, no cheese pizza that's to die for. >> amd's lisa suh, we'll talk to nick woodman of gopro as well and the opening bell in about eight and

. >> real quick, brian krzanich sold some stock apparently after he heard about this or learned abouthis do you think that's a real problem or not >> i wasn't there. $50 million in stock sales sounds like a lot, but no idea >> we'll leave it there. >>> president trump, we should tell you, tweeting the following. dow goes from 18,589 on november 9, 2016 to 25,075 today an all new time record. recorded fastest 1,000 point move in history. this is all about making america great again agenda jobs, jobs, jobs, $6 trillion in value created. >>> coming up, barney frank will weigh in on the tax code overhaul. >>> and then we'll find out how ind cheaper flights to somewhere warmer a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley anna, do you yes! those plans? i just wanted to show you something i've been wor... ♪ james r. and associates. anna speaking... ♪ james r. and associates. anna. ♪ [phone ringing] baker archite

across the board dow opening up 254 points right now higher let's talk cybersecurity intel's ceo brian krzanichcompany will be updating all computers after it was discovered hackers could steal passwords. for more on security concerns, we want to bring in todd mcminnon of a kshokta we got it right. okta >> rhymes with lock. >> exactly so the security concern is at the chip level at this point what is okta -- does your service protect against this >> okta is at a higher level in the stack, in the software infrastructure level we help customers connect to their customers. if you are logging into the websites you love to use, we help you security log them in and companies who are building those websites who are trying to connect more closely with those customers provide that connection experience. >> the reason i was asking, i was thinking about if investors out there now, who are trying to take advantage of this moment and think about who will win or lose, who are the winners and losers >> i think the big winner really are the companies that have adopted more of a cloud-first approach problems in

brian krzanich reassures customers there‘s no evidence the chip issues have been exploited as the world