like misplaced energy >> that's a great point. >> i'd like to point out that we pivoted from pat gelsinger to kim kardashian that is a true pivot >> let's go to the white house. >> yeah. that's about all they have in common you think it just felt dirty, right? the celebrity endorsements of crypto, the way the culture went ha hard after this idea that folks were going to get rich quick is there cultural import and really a test of the retail investor's discipline and focus that this is also bringing to bear >> in theory, yes. my personal view is that the retail investor isn't following kim kardashian's investment advice into crypto at scale. my personal view is that a lot of where the retail investor is being driven into crypto, particularly is coming from other sources and so part of why i take some level of issue with this particular focus is it feels like it's sort of drawing tanks t attention to perhaps the wrong thing. while kim kardashian has a huge audience and she's a culturally impactful person generally, when it comes to a new speculative technology, it's not clear that a retail i

. >> we are not satisfied with the results, that is how pat gelsinger started off. guidance falling short of expectations, the stock is rising so what gives in the pain may have been priced in. amd is stealing market share but they warn that enterprise is starting to slow and the inventory connection is not as quickly as forecasted. more in 2025, up to 8 to $10 billion and this is at the expense of employees he said on the call, these are difficult $decisions effecting our loyal intel employees and given they have committed $100 billion to build out fabs in the united states, it announced a partnership with brookfield investing up to $30 billion in the arizona fab and they would share in future revenue and today intel plans to add more of the co-investment deals. and lastly, intel treats fabs as contract chip makers and gelsinger saying that the new foundry business will help accelerate their transformation, mel. >> kristina, thank you. >>> and intel ceo will be on tech check tomorrow morning so check that out interesting. they seem to be moving more toward for lack

mobileye was really good pat gelsinger, the ceo very strong.'s give him there >> sold 5%. >> he told me over and over that would be g.ood. not only was it good, but it was great. pat did that trerrifically. mobileye is terrific pat said they are taking shares in pcs that i cannot confirm. what i like ed about it was they had more cash flow than i thought. i was concerned about the dividend and now i am less concerned about it. >> because of the cap x? >> yes the cap x is meaningful. pat seemed to be realistic of the problems of the industry no pie in the sky. very straight forward quarter. it was better. it could have been much worse. pcs are horrendous i'll say it, david, pat did a good job >> say it again. what >> pat did a good job. pat gelsinger. >> wow. >> no, it was good it's not that nice >> getting less nice all the time >> he is not as nice as he used to be. i'll tell you that much. >> people are joining us for the first time when jim calls somebody nice it is all tctually an insult. >> pat used to be a nicer guy. >> we look at iphones

end of the year but we're going to take a closer look in a cnbc exclusive with intel's ceo, pat gelsinger welcome back things are tough but the reaction so different from last quarter, because that quarter, which people were describing as kitchen sink, you know, that guide down, you were talking about inventory and slowdown, you were just a little below the midpoint of the guidance tell me where you are inventory position wise and demand position wise, compared to where you expected to be with that tough quarter last quarter >> well, thanks, jon always a pleasure to join you, carl, and deirdre on the show. this quarter, we executed well and delivered within the range that we had set, and i think everybody last quarter was saying, boy, what's going on well, we proved to be much more of a foreteller of the market's outlook than i think even we realized at the time product execution was solid in the quarter. we were a share gainer in areas like the pc market, so overall i'd say we were happy with how we executed. we also had unique good news as we got the mobile i ipo completed with very goo

. >> speaking of pat gelsinger, the intel ceo had comments on the china chips and yesterday at the annual tech live conference, xi jinping's third term sending them on a roller coaster ride. saw it yesterday up now noomore than 3% today bring in hal hong. thanks for being with us today start with a really broad question one maybe a lot of american investors are wondering. simply, are chinese stocks investable given all the tub beaux lens over scrutiny, over regulation, over u.s. export restrictions and what the government there in beijing is doing? >> yes i think the tech space has been for more than two years now, since they start to regulate the chinese companies as leading tech companies such as alibaba, it's down as in 80% now. and value auation shrunk dramatically i would say so i believe that due tremendous opportunities to be had in the chinese space and the market is very robust with that. so during the covid obviously china is still implementing the covid policy demand for internet services and goods is still very, very strong, and indeed it has become an essential part of people

ceo pat gelsinger says the company is planning for uncertainty through 2023 >>> the mystery chart isterest after the top and bottom line results. sales up from a year ago the company says operating expenses should grow about 35% this year. >>> and shares of gilead science urging higher after the third quarter beat the company issuing up beat earnings in guidance that stock up 19% since august >>> let's get a check on the other headlines with nbc's frances rivera in new york with the latest happy friday, frances. >> frank, good morning let's start with breaking news hawaii officials are warning residents the largest active volcano is showing signs of eruption there has been a spike in earthquakes at the summit. the last time it erupted was in 1984 experts say it will take a view hours for lava to reach homes on the big island. >>> the record powerball prize is $800 million for the 11:00 p.m. eastern drawing tomorrow night. you can play for the nearly $308 million cash payout. it followed 36 drawings where the grand prize went unclaimed it would be the second largest pool in powerball

but the chipmaker announcing lower than expected full-year guidance, something paul gelsinger discussedre is no good news on the horizon. u.s., europe, asia, all look to have held winds for the foreseeable future so we took down our range for the rest of the year >> is that what the market is celebrating, cost cuts or something else intel is doing to make investors more bull senate judiciary committee. >> gone are the days of unrealistic to optimism pretty much they do like the costcutting there will be a slowdown in the expansion, a few other details they're operating their foundry as a separate business entity, which means different accounting, they're hoping to be more efficient than that they are operating the actual foundry like a chip factory meaning they'll service customers instead of product lines and lower capex. we didn't get details to specifically what they'll do with each of those points. in the last seven quarters, intel hired 21,000 workers, so head count is going to be an issue. it won't be the to whole part of that $3 billion cost-cutting but something that we'll see o

guys too, questions about intel's finances do they need to pursue that dividend cut gelsinger says no. perhaps plans to sell mobile ipo could provide some support there. meanwhile, guys, another day, another buyout yesterday was tomo bravo announced $2 billion all cash take private deal for a software company forge rock today vista equity a $5 billion deal for cybersecurity company know be 4. prices below their highs of the year as private equity continues to try to take advantage of these weak stock prices. weak funding environment what was interesting, guys, is that this was an lbo, a linked buyout they have been doing all-cash deals. we know that the lbos are harder to do in this tight credit market so some of the players that are doing them are increasingly turning to private credit providers. if you look at across the pe landscape, lbos have accounted for $175 billion of private equity deals 262 in 2021. this kind of private equity deal is a little bit more muted, but those all-cash deals making up for it. >> what was interesting to me about this one, vista for know be 4, know be

we appreciate it, kristina, thank you, as well >>> a quick programming note the intel ceo, pat gelsinger discuss the results tomorrow on tech check at 11:00 a.m. you won't want too miss that he shows up -- give the guy credit he's had a hard story, but he shows up anddelivers and answers questions. >>> still ahead, in its annual report, the international energy agency has declared we are in the midst of the first global energy crisis. those details and the longer-term potential silver linings, next. go. go air that runs factory. go sensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. >>> welcome back, everybody. the iea declaring the first global energy crisis in its annual report. why and can it be fixed? pippa stevens joins us now with the findings the first ever ever >> they say this is the first global energy crisis so, essentially, what the iaea's report says today that russia's invasion of ukraine has created an historic turning point fo

ceo path gelsinger sent a statement out announcing the creation of an inti internal foundly model, and taiwan semialso touching a one-year low of $62 the a share, down nearly 7% at the moment. investors still anxious about the latest export rules that ban companies from sending their product to china. can we check the financials? citi group setting a new 52-week low, that would be $40.53, we're at $40.66 right now. and all the money managers, you no who you are, who said go into jpmorgan, it's the most solid name, that may be true, but it's dropping to a fresh one-year low as well. the historically positive relationship between banks and higher interest rates -- because we've got higher interest rates -- not working today to. maybe because the new york fed says that the percentage of loans newly delinquent, while still low, is starting to tick higher. so let's get right to the floor show. joining me now are traders sarge guilfoyle and phil flynn. phil, on a day when there are so many headlines serving as cross-currents because we've been down, we were up, and now we're down again, we w

in q3 sales, lowered its full-year outlook, sees a sharp drop in demand for pc, and then ceo pat gelsinger told dow we that intel's aggressively cutting costs, they could resort to more divestitures and just to cap off the sunshine and rainbows forecast, he pulls on a full-on dr. doom saying, quote, it's hard to see any points of good news on the horizon. well, here's one, the stock is charging higher by about 10 is percent. now, the gains in apple are a lot easier to understand. last night the tech superstar beat on both the top and bottom line, came in with record revenue of $90.5 billion, but those results superimposed over a miss on iphone revenue and ceo tim cook citing some storm clouds ahead and gave no full-year guidance. web bush's dan i'ves, by the way, top analyst coming up next, on what he sees for apple's holiday quarter, and he's going to tack all of the elon musk-twitter drama over the past 24 hours, and there is some breaking right now. we're just checking it at the moment, but there is more breaking news around twitter. apple, for its part, up 7.8%. investor sentiment, it'

the most consequential earnings call the last couple months was intel a couple of months ago when gelsingersting thing is that when the ceo is telling you that this is the bottom and you're paying attention, you know that is pretty interesting. by the way i'm long intel. charles: i saw where you tweeted about there being too much pessimism, i'm paraphrasing here. have you gone long the market in the last few days because of that? >> yes, i have, actually. i took a long position in s&p futures. you know we got to basically what was the zero percentile in sentiment. sentiment was worse a couple days ago than it was during the great financial crisis. i have, you know in my entire career i've only seen it get that bad a handful of times which means that we're going to have a very powerful, impulsive rally that could last four to eight weeks. what happens beyond that i'm not sure but i can tell you that when sentiment gets to this extreme that there is always a powerful rally that follows. charles: i also saw where you actually called the bottom on gold. and you say it could be probably the best

while they're laying off people i just -- to me, it doesn't feel good dave, maybe you think that pat gelsingerwho's incredibly nice, that that's a good idea to lay off people while you're taking federal money to be able to build out people? where are you at >> it's not a great look they're two separate things, obviously, seeing a significant slowdown in pcs and therefore they're trying to adjust their workforce for that >> adjust their workforce? how -- what? you sound like a capitalist. how about, fire people adjust their workforce >> i sound like a pr guy >> best practices. >> you do. >> you know how many pr people i've spoken to in the last 35 years? now i'm talking like them. getting rid of people, giving them the axe, sending them out the door at the same time, you're talking about long-term projects that are going to take years, if not decades, to fully complete they're two separate things. >> first in, first out why don't you do that? >> they're two separate things the government money is obviously to subsidize so we become, once again, a self-sufficient power when it comes to chips >>

. >> people worried about intel's dividend you know gelsinger has pretty assured that they're fine buthey have to spend a lot of money of capex but you know who keeps coming back as someone who was too bullish? enrique from hbq and apparently, i think felt that things were going to stay strong for a long time yields four. i wouldn't touch it. >> i want to come back to a couple of things kraft heinz is up over 4%. you mentioned at the board, when we did the "mad dash," because downgrade of p&g but goldman saying kraft heinz >> they're at least risky. >> have not been a bad performer this year, only down 6.5%. and we do have cable up a bit, which is not saying much, given the carnage in cable moffett nathan son out this morning, saying, will there be a price war? maybe. weight of cost of capital has gone up for so many of these companies. but their targets are far above where many of these stocks are, at least in the case of charter and our parent company, comcast. >> nasdaq in q3, both comcast and charter were among the top ten worst performers highly unusual to see that by the way, the

this snap growth, i'm going to put it in the pathetic category not as much as i'm not going a pat gelsinger intel thing. he's the nicest guy on earth but david, come on >> all right that was great yeah nicest guy on earth. incredibly nice. there's a competition. >> i'm just saying that the thing that was lacking among wall street people was that they didn't know that no one wants to read inside milley bobby brown's intense workout. >> i'm not sure about that, because there's another platform called tiktok where they seem very happy to look at and read about -- >> and nickelodeon >> those are entertaining. there's a tremendous entertaining part of snap, but it was not what you get advertised against look, if you can get a good tiktok and it can explode to 2 million views, like i was doing one with mezcal, my wife was doing one, and it had 8 million views the last time they did >> you're writing this company off entirely i don't want to put words in your mouth, but you seem to be writing this company off, saying there's no way they can reverse -- >> as soon as you do that, some clown buys it

. >>> intel shares are higher after pat gelsinger was able to ring i said do not mess this up at 9:30earnings of 59 cents a share beat 32 cents. revenue declined 15% year over year it did beat estimate guidance lower than expected intel will deliver $10 billion in cost production and efficiency improvements and cutting work force it hasn't provided details mobileye i like when people come. a big party. >> you like it >> i like it so do you. you knew what i was thinking you knew better than i did i have the warm feeling. >> people are here >>> coming up, amazon shares plunging we will show you what was in the quarterly report that is weighing on the stock. >>> later, don't miss interview with gary gensler in the 8:00 hour gang, we need our paranormal services to be more versatile. i know a group who can help us. not those new age shamans again. i'm talking world-class business experts. data geeks, strategists, tax advisors, the works. what about technologists? 40,000 strong, baby. we'll be able to hit our projections both fiscal and astral. this company sounds great. what do you think,