emily: pat gelsinger. you can catch more of my interview on bloomberg studio 1.0.t for this edition of "bloomberg technology." join us tomorrow, talking to jared isaacman. redfin ceo glenn colman. he always has some great controversial things you won't want to miss. this is bloomberg. ♪ announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. announcer: the following is a paid presentation furnished by rare collectibles tv, llc. announcer 1: breaking news, an exclusive new hoard of 2019 american liberty high relief coins was recently discovered at the west point mint. and now is your opportunity to add these rare, pure gold coins to your collection. in 2015, a federal law was passed, allowing the united

emily: pat gelsinger. you can catch more of my interview on bloomberg studio 1.0.t for this edition of "bloomberg technology." join us tomorrow, talking to jared isaacman. you won't want to miss it. this is bloomberg. ♪ haidi: a very good morning, we are counting down to asia market opens. shery: fed minutes doing better to alter the prospects for tightening. treasury yields in the dollar retreat. investors worry ofhe

pat gelsinger gives himself an a-grade for his first year of running the chipmaker.spending $20 billion to build the world's largest chip making facility in ohio and planning an expansion. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> we have seen a lot of volatility because of these geopolitical risks. we are seeing oil climbing on news from russia. we have seen it declined slightly on news coming out of iran. that is also a very important geopolitical risk factor right now. jonathan: that was ellen wald, senior fellow at the atlantic council. futures are down 0.2% on the s&p. pulling back their .3% on the nasdaq. no big drama here. we are down three or four basis points on tens, just about holding 128 2% handle on the 10 year yield. -- holding onto a 2% handle on the 10 year yield. at the moment, we are hearing from u.s. defense secretary lloyd austin on the situation he sees, the diplomatic effort, and the standing of nato at th

but if you believe some of those others like pat gelsinger, this is the beginning of an extended time of supply-demand crunch because the chip industry is expanding so quickly. caroline: from your perspective, you think we are not gone from the boom-bust days? the ceo of micron says they have moved past that and fundamentals will support that. ian: that is the key question. if you are not investor, you would like to know the answer. if you look at 20 or 30 years of history, the answer would be no way this industry has suddenly in one year snapped out of this vicious cycle because of this huge gap between the amount of time it takes to put capacity in place versus the short term supply we have seen. if you believe these guys, things are different now and we will see an extended time because chips are used in everything now. romaine: it will be interesting to see if things are front. we want to pose that question to our next guest and talk about the idea of self-sufficiency in chip production. a professor of management practice at harvard business school spent a lot of years working in

i got a nice email from pat gelsinger just talking about how we discussed -- i discussed back and forth in plans we need more foundries. this is a very specially technology foundry i think it's a great asset i think this is something that he should be doing because what you need, obviously we're short foundries. this is one that's available that i've always felt they are brilliant, brilliant people. foundry experience will help us capture even more of the $100 billion and growing, foundry total adjustable market. sometimes i'm critical of pat. i really like this because he needs to accelerate his foundry exposure everyone's short foundry this is terrific it also puts him in a lot more than just pc's he's in high performance computing. i know he's got the conference call going on literally right now, and he'll be on -- i just think bravo, p pat >> there's an analyst meeting on thursday others say they've got so many engineering challenges, mobile eye on the one hand, now this, more portfolio management. >> one of the things intel people forget is this gigantic cash cow it just spews cash

by the way, we'll hear from gelsinger later in the week. >>> we're going to continue to watch the marketsnasdaq just shy of a 2% gain for the day. the ceo of arista networks is next "tech check" is just getting started. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. switching wireless carriers is easy with xfinity. ♪♪♪ just lean on our helpful switch squad to help you save with xfinity mobile. they can help break up with your current carrier for you and transfer your info to you

pat gelsinger. and you can watch more of the interview in europe andle east. that's that there.e show you what's going on with the global market app. we have the reaction to the risk of russia and ukraine and then there were reports on the press that across twitter about an escalation in the eastern ukraine separatists saying that they had received mortar and incoming shells. that has yet to be confirmed by any western reports. now, the immediate response mechanism, i think it's much more in the currency and the commodity board. if you look at the -- if you look at the dollar, you're seeing that immediate spike higher that you had. now the belly of the curve is where citi said that the government bond yields dropped. and the dollar as they say, you know, was -- was the fomc minutes hawkish enough? certainly didn't seem to think so. in terms of gold, your eight-month high, we know that that's one of the preferred hedges for goldman sachs in the commodity complex. let me roll it over and show you the rest of these equity marks. u.s. equity markets are a little bit lighter. the s&p

what wall street is saying is the opposite of what pat gelsinger just said on tv. they had an investor day recently, intel. this is bernstein's take. the comments on intel's plan were almost absurdly bullish, and i think the street is thinking this is going to take a lot longer and is going to cost a lot more money than perhaps intel stated today. emily: ed ludlow, thank you. coming up, we continue the conversation on russian aggression toward ukraine and how it is using cyberattacks to paralyze ukraine's government. that is still to come. ♪ emily: president biden wrapping up remarks and saying he is convinced russian president vladimir putin has decided to invade ukraine. as the standoff has continued over the last week, cyberattack launched earlier this week paralyzed multiple ukrainian government websites and banking systems. officials in kyiv called this attack the worst of its kind in ukrainian history, and shooting to mass confusion and destabilization. officials deemed the size and resources involved in this attack suggest a country was behind it. joining us

at gelsinger had an investor day is today, saying we will get about 2% revenue growth this year, andld accelerate to the mid to single high digits . most analysts are pretty skeptical of that. draftkings taking a leg down, down 17% after coming out with earnings. deplatform user growth coming in a little bit lighter than what the street was expecting. if you m&a things to keep an eye on here. first up is pilgrim's pride. jbs supposed to buy out the rest of this company. pilgrim's pride shares down about 15% as jbs is said to have walked away from that deal. it is not clear why. they just said a special committee meeting did not go as planned. we did know there was a lot of regulatory pushback on this deal. dupont higher on the day, up about 5.5 percent after agreeing to sell off one of its polymer businesses for about $11 billion. virgin galactic, which went public about two years ago through a spac, determine giving up the chairman role and stepping down from the board altogether. tom: thank you so much. what i just saw there, this goes back to the aerospace, i just saw a major flig

a few weeks ago, the ceo of intel, pat gelsinger, came to the white house to announce a new $20 billionoing -- they call a campus outside of columbus, ohio. i had the two senators from ohio here standing with me, one republican, one democrat. creating 7,000 construction jobs at that facility and 3,000 permanent jobs running the facility with an average salary of running the facility at $135,000 a year. those semiconductors, microchips, power virtually everything in our everyday lives, cell phones, automobiles, refrigerators, the internet, the electric grid. without semiconductors, those things cannot fully function. so, the spinoff of this is that we're going to create thousands of additional jobs, helping build america's products here in america. manufacturing automobiles and appliances and so much more. >> all right, you've been listening to president biden discussing boosting manufacturing here in the u.s. and also the shift to electric vehicles and complimenting this australian company and the bringing of these charging stations and he's going to see those pop up, more and more, acr

i go back to pat gelsinger, spin off the ev, mobile eye no, i mean, give me everything let macy's worki know some hedge fund managers who were deeply disappointed that they didn't get the -- what would have been kind of thought to be the way to have third party, so therefore rival of amazon i think the stock ultimately may not be up as much as it should because i think that these hedge funds who are in it say, oh, the heck with it i'm not it for merchandise. >> they're not in it for just the execution of the company's current business plan. they're in it for a, as you say, split of some kind, an event. >> the event i look at it the opposite. i like macy's very much, but home depot after it settles in, after the conference call may be the better value. >> we're going to wait for news out of the calls for sure this morning. when we come back, though, cramer's mad dash will count down to the opening bell ahead of a busy week of earnings, a lot more retail on the way along with pce on friday and some fed speak. we're back in a moment ♪ ♪ ♪ ♪ with a bit more thought we can all do our part t

. >> believe me, pat gelsinger, he's nice. >>> good weekend, jim, see you tonight. >> you, too. >>> we'll as the s&p is hanging on to gains this idea of making a movie about caring, it resonated with me. and not only caring, but how does that apply to someone from our community? it's about taking care of each other. she is an example of strength. ♪ ♪ (doorbell ringing) (slow piano music) (music changes to rapid funk) - [announcer] ensushiastic. intensely excited over how it looks before discovering how it tastes. ♪ on time, lowest price, or we'll make it right. (chicka-chicka) grubhub. >>> good morning i'm here with morgan brennan and david faber. the jobs number well above expectations, but so are wages dow down about -- >> whipsaw is the right adject tiff there we're going to start with amazon up about 11.5% right now, getting a big boost in its cloud business we're going to have more on the tech giant later this hour, but speaking of vehicles, ford shares are falling, a hefty miss on earnings. the chip shortage, other supply constraints crimping production. shares are down about 10.5%.

are telling me that tower, the company brought the old technology are the long knives out for pat gelsingerel was a halollow shell that makes a lot of money. do you want to say i want to go up against harden and joel embiid the competition in this one space -- the only one that is worth anything is micron because it's selling at ten times earnings. >> how about the notion he would be interested in a consortium for arm? >> i tried to put that deal together myself. come on. secretary raimondo, she's brilliant. i want to get the company away from taiwan. if the chinese do -- >> you're still working on that 50-year bond you tried to hard with manchin for so long. >> he's got a spac. >> everybody has a spac. >> he took me out right before my contract talks. i said, jim, i hear you're going to do a spac he said, really? >> a couple of things from my side of the word here, m&a, there's some interesting things, the zen desk deal probably going to get voted down. we'll see. this morning, jbs, pilgrim's pride is down a lot. jbs owns 80% probably going to go public soon they wanted to buy the rest of

i think it's great pat gelsinger is doing something and a lot of what they do is some cell phone, maybethat, but it's not as cutting edge as i would like. i was bullish on the deal this morning. >> intel went up at least on that >> because i think, look, they have a pulse and this was something where they are a cash machine. people don't realize that intel makes more money than everybody. they had directed it really badly. this is a good idea. i like foundries, but foundries can be up and down >> in terms of the earnings movers, airbnb >> okay, all right, talking with brian after this number, and the one thing is clear >> brian chesky, ceo of airbnb >> yeah, sure. and here's what's amazing about brian. two years ago, we had a very hard phone call, i was in that hotelier business, and he was saying, geez, i don't know are we going to make it i said, of course, you're going to make it it turns out now the stays are much longer. much longer. people just -- i tell you what's really incredible about this name me the competitors. he's so fared away the website is so great, the length of stay