the real compelling argument is new ceo, dan loeb behind them. those are the things you're hacking your hat on. kudos to dan nelson who said that intel was the one he'd put a bet on that's proven to be correct. i will say this. there are other chip names there are better amd, although pulled off since touching a hundred dollars, a name qualcomm armed an all time high and lamb research which cons to grind higher all those stocks have a premium valuation but it's for a reason. >> this is the title of raymond james's note on this new ceo new ceo creates hope but intel's platform is still burning. that underscores the problems, the very big problems that pat gelsinger has to solve he's looked at as an excellent ceo candidate, excellent incoming ceo steve grasso, what do you think of intel now >> so the problem that guy had just mentioned, they have major deep, deep issues within intel the most of which they've had supply issues, they've had manufacturing issues also you've had apple, amazon, google supplying themselves with chips. so those are the ma

the chip maker is now up nearly 8% since dan loeb's hedge fund urged them to explore alternatives is the turn-around story for real let's bring in tech specialist jar jared. in terms of what he wants the company to do, do you think those things are achievable and can trigger that turn-around >> so thanks for having me again. let's put some things in perspective here intel is on multi-year all-time lows versus the s & h. it trades at about ten times earnings versus the comp group at twe20, so half the multiple an agent of change certainly makes a lot of sense i would certainly highlight that the issues are more structural than not from a fundamental standpoint and it really is centered around two aspects, which are certainly very intertwined from my perspective. the first is process technology leadership or the lack thereof and competitive landscape. so intel has always been the leader from that standpoint. for those less familiar, it's about cramming as many transistors as possible. intel is trying to get 10 nanometer out. you've got a fundamental problem. that's going to take years

. >> dan loeb mentioned in his letter that he would like to see swell remain the manufacturing edge it had had which would imply that intel would keep the manufacturing in house and on premises karen, what's your sense -- you know dan loeb and how he operates after a run like this, mission accomplished >> well, i couldn't facility them to say mission accomplished but he runs an enormous amount of money he takes big bets. so he's got to be thinking there's a lot of up side, and i think probably maybe even more than we've seen already. i bet it happened a lot quicker than he thought, which makes me wonder, was some of this in process before we saw him get active i'm not sure about that. and i'm not sure how much he'll need to update us on what he does other than 13 f, because i don't believe he has a 13 d. please correct me if i'm wrong i don't know about this big question of outsourcing or not i think there was not a lot of confidence that swap could do it successfully, so maybe if the new ceo can, that's a more bullish case >> again, the conference call is under way. we'll keep you pos

i'm staying long. >> i hear ya dan loeb, that's where leslie began her report, at disney has been such big winner in a reasonably short period of time for third point as well. the other winners today, guys, online gaming stock, the gambling stocks are soaring. new york governor cuomo says he is going to back mobile betting in that state. interesting news there look at those stocks, doc. i go to you because you're the player you're the player here you're long calls in penn, drafting, lvs. >> love them you know, i was just looking up since the election, draftkings, 36%. penn, 66%. mgm, 53% and that's before cuomo, who has that huge population, and for the time being anyway, to perhaps several months into the future, an awful lot of that will be, you know, trading from home and gaming from home. so, i love this play obviously, dave portinoy loves this play. my favorite in the space is penn i think people miss out on cesar's for this as well, scott, and that's one to keep your eye on it's up 54% just in the last 45 days >> big, big gains there today. doc, thank you for that. let's -- i sho

hedge fund veteran download managed -- dan loeb managed to make some money despite the turmoil by retailthe offshore fund gained nearly 2% last month according to an investor. investment firms like b-1 capital partners and .72 have been hit hard after shares of companies they bet against were driven out by frenzied trading. the billionaire founder of point 72 and new york mets owner steve cohen has closed his twitter account after saying his family received threats. performance reportedly plunged 10% to 15% this month. he has complained about what he calls the rough crowd on twitter after his firms short bet on gamestop. haidi: we have the update a few minutes ago. robinhood now narrowing the trading restrictions that it has on a number of stocks to just now eight companies. as of the end of trading friday, that list was as long as 50 that were affected. still, some of the usual names you would imagine, amc, gamestop, along with blackberry express, naked brands and some of these names restricted. when it comes to gamestop, you can still just buy one stock in gamestop according to the lat

the world's best-known chipmaker has been under pressure from activist investor dan loeb to explore strategictives. youtube has removed new content from president trump's channel, citing concerns about the potential for violence after the riot on the u.s. capitol. the platform blocked his account from uploading new content for at least seven days while comments on the channel are indefinitely disabled. google says it is suspending all political ads from thursday to january 21, the day after president-elect biden's inauguration. recapping our top story, president trump impeached again. he now faces a senate trial. the u.s. house impeached him by a vote of 232-197 on a single charge of incitement of insurrection. how speaker nancy pelosi will be determining how quickly to send the impeachment to a trial. mitch mcconnell has rejected democratic leader chuck schumer's plea to bring senators back for an emergency session and start the trial before january 20. we expect president trump to be in office on inauguration day. we will have the very latest here. do not leave bloomberg television. we've g

then there's also been pressure on intel thanks to activist dan loeb, who sent a letter asking them totheir chip manufacturing operations under one roof. you will have a lot more from the king makers in the sector, right? liz: oh, yes, we are. thank you, cheryl. speaking of which, intel's ceo, yes, we've got him. bob swan on "the claman countdown" a week from friday, january 22nd. we are psyched to have him on. you won't have to wait that long to get the inside scoop when it somes comes to the semiconductor world. simon segars is here on his tie-up with nvidia but he's really going to talk about a.i and how his company will be the leader in all things a.i. chips. that's tomorrow, 3:00 p.m. eastern right here on "the claman countdown." >>> we now have the fbi having that news conference, it's happening right now at the justice department. the fbi says there are more than 160 case files as a result of investigation on the capitol hill attack. the fbi said it will not hesitate to knock on doors for information about people involved in that attack. the fbi has confirmed right now that 100,

hedge fund veteran dan loeb has made some money in january.he offshore fund gained nearly 2% last month. investment firms like d1 capital partners and .72 have been hit hard after shares companies that were better against were driven up by frenzied retail trading. billionaire founder of point 72 and new york mets owner steve -- steve cohen has quit twitter after saying his family has been threatened. cohen has complained about what he calls the rough crowd on twitter after his short bet on gamestop. coming up on "bloomberg daybreak: asia." south korea extending social distancing restrictions through the lunar new year holidays as new infections surge. the latest from seoul, next. this is bloomberg. ♪ anchor: let's take a look at how the trading week is starting off. were you watching? >> looking like a weak start. futures in singapore opening with little change. falling as much as 1% this afternoon. the stock fell into the red for the year last weekend. in australia we are seeing it go lower as it extends the climb for a fourth straight day. s

. >> dan loeb tweeting, swan is a class act and did the right thing for all stakeholders stepping aside map at 3800 exactly where we were 24 hours ago. at the big board, it's acquisition corp doing the honors and the nasdaq, a firm celebrating the ipo and we will speak with max levchin, and $12 billion valuation, and peter, among the investors. >> the market loves companies that are like this and they have been taking a backseat because people want to own big cap stocks but that will end. max, here's what happens, these are companies that people know, crunch numbers, and are viewed as not having any real risk to them, and david, you know that when you make one of these fintech companies come true, it suddenly starting looking like visa visa didn't get made and i put in that you would comment on that. >> the department of justice as you know was opposed to the deal it was seen as anti-competitive. kind of capturing a potential rival in some way. >> it is funny if they think they can get away with that one. >> large acquisition but they do abandon that that plaid acquisition with that opp

is under siege from dan lobe, third point, long letter they wrote a couple of weeks ago, became public and the nominating window closes very soon for directors. well see if mr. loebhoose to do that. they have been talking on monday, had a zoom call, expected to meet again not getting a sense of what was discussed , if it was cordial or not, whether there was areas of agreement, i don't have much for you. but i do -- can tell you that it would seem to behoove both sides perhaps to try to reach some sort of settlement, but you would think that is what they will try to figure out if there is some common ground there, jim, for them to hit prior to mr. loeb moving ahead with nominations given the window is going to close very soon >> well, intel, if they had better chips, the stock would go higher now, watch taiwan -- i know. watch taiwan semi. tsm. if we were all really -- taiwan semi is at the heart of everything because we know that taiwan is a hot button i wouldn't be surprised if china right now says, my god, we got to shut down cramer is talking positive about taiwan taiwan semi is a huge fabulous company, if we lose that one, we being the united states, that is