we cover the ball out after the departure of brian krzanich and intel ceo.he new demands from leadership in the me too error. first to our top story. white house officials are starting to restart talks with china. the countdown is on before $34 billion in chinese products are hit with tariffs. they are starting to speak out about concerns about a trade war. the billionaire chair of foxconn said the biggest challenge facing foxconn is a u.s.-china trade war. trade war is not about trade but it is a tech war ended is a manufacturing more. for more global trade tensions we are joined by jenny menard. talk to us about the timeline here given that the first wave of tariffs is expected to hit in just two weeks. >> the efforts that we reported about yesterday which a faction of the white house is trying to get the chinese to engage in talks to make maybe pushed down the talks. seems to not at least from our reporting now seems to not have worked area we have no signs that the president is willing to back down so the tariffs are likely to go into effect on july 6. w

today comes to an end for brian krzanich.s is video from years ago when i covered three days in the valley. a fox business three-day event in silicon valley, and we always interviewed some of the biggest names and ino varieties, brian krzanich resigning as ceo, news came out this morning. leaving the board after the investigation found a past consensual relationship with an intel employee, clearly outright broke the rules of the company. this as news broke just a short while ago, krzanich is entitled to $38 million wacha way payment known as a golden parachute in accelerated stock awards after voluntary termination. looking at shares of intel, a $5 billion hit to the company today alone. down 1.24, trading volume of 38 million shares. deirdre bolton covering the story in the newsroom. and, you know, married, had a relationship with an employee. if he's the ceo, everybody is an underling, right? >> that's right, liz, and that is exactly intel's policy. no matter who you are, if you have a management job, you cannot be involved

in 2012s a horse race to replace the longtime ceo and brian krzanich won.ople like rene james who were in the running and did not get the job. did not do a good job of keeping them. krzanichid that ryan shoved out people that presented a risk to his leadership or any kind of questioning to his leadership. and now they are in a position where the leadership bench is not that stocked. it is stunning to think that intel might go out of its own ranks. it would be the first time in the history of the company for the ceo. scarlet: that is pretty notable. fall big -- and a quick from grace for brian krzanich. in the past, people would not have cared. not have been an issue nor would it have come to light. scarlet: two issa much. coming up next, silicon valley taking a stand. some google engineers are boycotting a sensitive project. we will explain. from new york, this is bloomberg. ♪ scarlet: "what'd you miss?" google employees standing their ground. they refuse to work on a project that would have opened the door to google-military partnerships. a worry that it m

and i think it's a tragedy for both intel and brian krzanich. ink brian was doing a good job, like jeff said. particularly he seemed to be comi into his own the last year he has been courageous in speaking out against the muslim ban, charlottesville but, more importantly, stock is up 53% in the last year. and i think he has him on a roll there's always problems in a high-tech company. i ran one. the real issues here is who is going to succeed him they've always gone inside after the great triumphant of noyce and more you had craig barrett and pelilini brian is only the third since the founders i hope they'll go inside the implication from the statement was that they'll form a search committee to look outside. they need somebody with a high-tech background they should have had that person ready to go. it's nice that bob swan can step in as cfo but that's clearly an interim move they neeng tech-savvy ceo to keep them on the track they're on now somewhat parallels, what satya nadella has done at microsoft. i think they'll stay the course. little sur

brian krzanich has resigned, after the company consensualhad a relationship with an employee, a policy.n of intel bob swan has been named interim c.f.o. krzanich oversaw intel through an era of intense competition and consolidation and the chip industry as well. krzanich also leaves much unfinished. was in the midst of trying to remake intel into a more general chips, targeting self-driving cars, and navigating the company through a chip design flaw. here to discuss, we have the and bloomberg tech's ian king. moreyou probably know about intel than any other journalist in the world. what happened here? >> yeah. this is obviously shocking. this happened all of a sudden. and we're still looking into happened, who it was, what kind of a relationship there was. so, you know, this is very much an ongoing process. company is just trying to draw a line and move on. but i don't think they're going allowed to let that happen. clearly we're in an environment, as you know and as you wrote yourself, where this kind of behavior, this kind of thing is no longer just something that swept under the table

intel ceo brian krzanich resigned after the company learned he had a consensual relationship with anmployee, which is a violation of intel policy. krzanich moved up the ranks at intel over more than three decades, becoming ceo in 2013. he oversaw the company through an era of intense consolidation and competition in the industry, but he leaves much unfinished. he was in the middle of trying to make intel into a more general provider of chips and navigating the company through a massive chip design flaw. ian, you probably know more about intel than any other journalist in the world. hat happened here? ian: this is obviously shocking. this happened all of a sudden, and we're still looking into exactly what happened, what kind of relationship there was. this is very much an ongoing process. the company is trying to draw a line under this and move on, but i don't think they will be allowed to let that happen. and you have written about yourself, this kind of behavior is no longer something that just gets wet and at the table, and this won't be. emily: actually, brian krzanich was out the

intel's brian krzanich is out.wk on the street" is back after this dow is below 100 at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >>> 103 in less than a decade. olivgaene rd up. we'll get stock trading in a minute starting a business is expensive. that's why many entrepreneurs rely on their own personal property, like their car or home computer, to help them do their work. but they might not know that those items may need special insurance to protect against costly damage, theft, or liability on the job. trusted choice independent insurance agents represent multiple insurance companies and customize coverage so business owners can focus on business. announcer: to find an agent, visit trustedchoice.com anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep ra

intel ceo brian krzanich intel ceo ( james ) breaking business news.ement, the santa clara-based company said an investigation confirmed a violation of intel's policy, which applies to all managers. sources say the former ceo had a relationship with someone who reported directly to him a few years back but it was just brought to light. the board says it has accepted the resignation effective immediately. chief financial officer robert swan will step in as interim ceo, effective immediately. ( darya ) coming up next on the kron 4 morining news... a disturbing warning from the f-b-i.... as the number of sexual assaults on airplanes rises. (áábreakáá) accident and car fire in san jose sb 101 at hellyer blocks the two right lanes. slow in both directions. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. a warming trend will begin over the next several days as high pressure builds in the bay area. highs will warm up to the 60s and 70s along the coast and 80s inland. this will lead to hot conditions

it's been down a lot and i like tech when you get week the ceo brian krzanich is out at intel because of --. at the same time they released him they also told you business is better than expected thanks to strong growth across all segments stock looks good to me i -- when we see the official returns i think they will trigger huge buy back and big dividends the banks will --. unfriendly yield curve but that can change. yield churves change say the chinese decide to sell u.s. treasuries. because they have to prop up their stock market and then the yield curve inflex means a rise in rates and very good for values and suddenly you say why i didn't i buy the banks when cramer said i could buy them so look, i know i'm early when i tell you to get ready to buy the industrials or start picking at them now i think you can take your time picking them into weakness the thing is i think you are likely to be late to the big surge in the domestics that's happened you want to be in stocks before they turn not after provided they are high quality. you don't want to chase. you want to pick your prices

let's turn to the us now — where the boss of computer chip giant intel, brian krzanich, has been forced an employee. the company said an investigation had "confirmed a violation of intel's non—fraternization policy, which applies to all managers." he's the latest top executive to fall foul of a growing pressure on companies to address issues around gender relations and office conduct. but as kim gittleson in new york explains, policies vary considerably from company to company. companies decide on an ad hoc basis. at facebook or google, for example, they say that you are allowed to ask co—workers out, but only one time. if they say no, that is it. they could include saying that they have plans what they are busy. that cou nts plans what they are busy. that counts as a no to google. but obviously it is a tricky subject. 0ne survey suggested nearly 40% of employees here in the united states have had a relationship with one of their co—workers. that is the same percentage it has been for a decade. companies are trying to work out what is the correct policy when it comes to allowing or not

ceo brian krzanich has retired. in a statement, intel says he had a past consensual relationship with another intel worker, and that is a violation of company policy which forbids managers from fraternizing with employees. he joined the company back in 1982. >>> in san francisco tonight, police will hold a community meeting to update neighbors on a violent incident in niue valley earlier this month. a mom attacked while holding her baby . it happened at the intersection of 28th and sanchez on june 3. the suspect is still on the loose. the meeting will start tonight at 6:30 pm. >>> there is a timeline from the board of supervisors president to mayor of san francisco. she says she plans to resign from her duties on the board next week. she will remain board president through the board meeting next tuesday and after that supervisors will elect their next president. she is set to be sworn in as the next mayor on july 11. >>> the bay area is gearing up for the big pride parade on sunday. the festivities kicking off today

at intel headquarters the employees still processing the big news that intel has removed ceo brian krzanich a consensual relationship with an employee, that violates company policy the cfo bob swann has been pointed interim ceo. and raising q 2 guide answer krzanich gets credit for a stock price that jumped about 120% under his watch. and that the company has his portfolio of chips that they say is positioned to try to capitalize on the new growth markets that we talk about but for now the street is more focused on the chips for servers. so who could replace crikrzanich one name so watch, intel's chief engineering officer. so he would be an exec well engaged in the growth markets like 5g and internet of things we've reached out to intel the company simply saying that the board has begun their search back to you. >> thank you very much here to dig deeper on the potential ripple effects in board rooms across america, joanne lippman author of that is what she said. and also a brand leadership consultant, author of fusion, how integrating brand and culture powers the gatest companies. denise, t

ceo brian krzanich resigned unexpectedly after the company says it learned he had a past consensual relationship with an intel employee. that violated company policy. robert swan will now take over. intel will launch an extensive search for a permanent replacement. >>> a test drive for those scooters. those electric scooters are the topic of debate tonight among city leaders in san jose. people were invited to come to city hall to test out the high-tech devices. they could ask questions, meet with the scooter company leaders. it's all part of a plan to regulate the scooters. the scooters are becoming more and more popular. we saw them in san francisco, and now in san jose. some say they're also creating hazards on the sidewalks and the roadways. >>> people around the world are sending their condolences to the bay area's gorilla foundation. koko, the famed sign language gorilla, has died. the 46-year-old seen here during an nbc bay area special became a worldwide celebrity in the '70s. that's when a stanford grad student began teaching the gorilla sign language, eventually teaching koko to sign m

chipmaker intel has announced that its chief executive, brian krzanich, is stepping down with immediateof intel's non—fraternisation policy". mr krzanich‘s departure is the latest high—profile exit amid pressure on companies to address issues around gender relations and office conduct. the american bike—sharing service, lime, is launching an electric scooter scheme in paris today. users will be able to hire the scooters using the company's mobile app. lime already runs similar schemes in berlin, frankfurt and zurich, and plans further expansion across europe later this year. this is what stock markets have been doing. asian stocks fell to 6 month lows in trading. as with much of recent times it's the fear over trade wars that has worried investors and decided the direction of shares. yesterday india and turkey sais they wld impose tariffs on us goods as the prospect of a global trade war gets closer. in europe it looks like energy stocks could help markets ahead of that opec meeting of oil—producing nations as oil prices continue to see gains this friday. and kim gittleson has the detai

brian krzanich was found to have violated intel's "non—fraternisation" policy.named as robert swan, who's currently the company's chief financial officer. and, koko the gorilla, who became famous after learning a version of sign language, has died at the age of 46. in these pictures here she's with flea from the group the red hot chili peppers in 2016. koko was born at the san francisco zoo, where she was trained by her instructor to communicate with hand signals. she was also one of the few non—humans to keep a pet. to the world cup in russia, and the biggest shock of the tournament so far — lionel messi's argentina are on the brink of going out after a 3—0 thrashing by croatia. earlier i spoke with 0lly foster and this is what he told me about the result. we expected some kind of response, they drew against iceland, argentina, there was the wacky world cup results were all the big guns stumbled. we were looking for a response. we were not expecting that. the coach has come out begging for the forgiveness of all those argentina fans who were left stunned, many

and the intel ceo, brian krzanich resigning. let's go straight to that story. stock is down 1.6%. the s&p and dow are both down minimally. joining us to talk about this is garrett.berg reporter, we aren't going to litigate what he did. he broke a rule that was just discovered. explain what he did for intel, up 57% year-over-year. he is a well-respected ceo, the company facing tough markets moving into new areas such as ai and self driving vehicles. big questionsll about whether intel could continue to go another 50 years at this rate. this is not a good time to have an unexpected ceo change. vonnie: how does management look was theat krzanich person who put key people in key places, carried out key deals reporter:. reporter:they have now put their cfo in as interim ceo, robert swan. intel has always appointed a ceo from within with a clear succession strategy. there is no heir apparent right not clear if they will go outside of the company for the first time. vonnie: could we see swan sticking? does he have what is required? for aer: he was at ebay long time, 10 years, with a dist

we cover the ball out after the departure of brian krzanich and intel ceo.

intel ceo resigning, brian krzanich after admitting to consensual relationship which was against company rules. that is a bit concerning. stock is down over 2%. i want to talk about "fang" stocks. fang was down despite a goldman up grade yesterday. i want to highlight amazon. yes, declining on the supreme court ruling on sales tax and what states can force online retailers can do in terms of sales taxes. there was a leak that amazon prime day will take place on july 16th, and 17th. that is 36 hours, because amazon in the uk accidentally put up a banner that told us when the dates would happen. talk about starbucks. worst week for the company in 10 years. you have to go back to 2008. yes, bad earning this week. they're closing more stores. there are concerns about frappuccino sales. so apparently they're too sugary, not healthy enough. that is the story from new york stock exchange. melissa: good. i like it. i don't know, i'm getting a little sick of starbucks myself. because, humbug. thank you, susan. david: too sweet, some of those things. we have kevin kelly and danielle dimartino boot

ceo brian krzanich is out.resigned unexpectedly after the company said they learned he had a consensual past relationship with an employee. that violated company policies. chief financial officer robert swan will take over for the time degree. the company will launch an extensive search for a permanent replacement. >>> also new this morning, people all over are mourning the loss of the bay area gorilla who really gained fame around the world. you may remember ko ko, the gorilla that knew sign language. she died this week in the santa cruz mountains. this is video we found of her playing with kittens. >> what a good ko ko. live in stanford this morning, sharon, the video is so nice to see. ko ko also touched a lot of lives, including yours. ko also lives, including yours. >> reporter: she did. my kids learned all about her in school. this is touching many children at home. i'm sure they are sad to hear the news, just waking up and hearing the news. people around the world just amazed by koko's communication skil

theover the ball out after departure of brian krzanich and intel ceo.

the company said brian krzanich violated its non-frateion policy. it gave no details. krzach joined intel in 1982 and became c.e.o. in 2013. trade tensions again kept wall stet on edge today. the dow jones industrial average lost 196 points to close at 24,461. the nasdaq fl 68 points, and the s&p 500 slipped 17. om new zealand today, word of a happy arrival. prime minister jacinda ardern gave birth to a baby girl.r, lahe posted a picture with the seven-pound newborn alongside her partner, clarke gayford. tte late pakistani prime minister benazir bwas the only other world leader to give birth while in office. and, on a sadder note: koko-- the famed gorilla who knew signs language--ied at a preserve in california. she was born at the san francisco zoo, and beganla learning siguage as part of a project with stanford university. her capacity to commun show emotion gained renown, and was.featured in documentarie koko the gorilla was 46 years old. still to come on the newshour: how the immigration debate ist playing ou court, navajos leek to draw new political lines by rewri

intel chief executive brian krzanich has resigned after a probe revealed that a past consensual relationship "farm—to—fork supply chain". new figures suggesting the finances are looking in good shape. new figures suggesting the finances are looking in good shapem new figures suggesting the finances are looking in good shape. it has definitely been a trend of the last couple of years to improve government finances, these are the figures for may, we saw that instead, last may, we had government borrowing at £7 billion. we were expecting about 61 5 billion in borrowing and it has come in at 5 billion, so everything moving in the right direction —— six and a half billion pounds. total spending to date, 11.5 billion, about 4 billion less tha n la ptop date, 11.5 billion, about 4 billion less than laptop —— last time, so not too bad. so we can put extra money into the nhs without putting taxes up. we are going to hearfrom the chancellor tonight. obviously, he doesn't want to increase borrowing and with the borrowing going in that sort of direction, so therefore it is probably going to come from ta

intel ceo brian krzanich has just resigned after the company learned of a consensual relationship withlicy, which applies to all managers. sources say the former ceo had a relationship with someone who reported directly to him a few years back but it was just brought to light. the board says it has accepted the resignation effective immediately. chief financial officer robert swan will step in as interim ceo, effective immediately. ( james ) a big story this morning... a 40 year-old serial murder cold case could soon be solved. the san francisco police department says they now have a suspect. this is the sketch of the killer that was released back in 19-75. he was known for stalking the gay community in san francisco in the mid-70's. police say he would draw sketches of people in bars... strike up a conversation with them and then come back and stab them to death. he bacame known as "the doodler." his last victim was killed back in 19-75. police have connected him to five murders but say he could be responsible for as many as 14. investigators have not released a name for their new sus

intel's ceo brian cry krzanich resign after he violated the company's not fraternization policy.ntel learned that he was involved in a consensual relationship with an intel employee but that violated a policy for managers. the manager had been ceo for over five years, been with the company for 36 years straight out of college. during his tenure as ceo, intel stock has more than doubled in value. chief financial officer bob swan becomes the interim ceo for intel. investors not too happy about this news. intel shares are down about 2% in the early going. >>> better news on the u.s. economy. jobless claims fell for the fourth straight week. the labor department says initial claims fell to 218,000, falling 3,000. the dow is working with its longest losing streak in over a year! it's down another 87 points. the nasdaq after finishing at a record high yesterday down 4 points. the s&p also down by 4 points. back to you. >> thank you. >>> bay area housing prices continue to climb. but the santa clara board of supervisors is approving a new $25 million loan program. it will help new first