you went to a buy rating on intel january 5th. you did say disappointing data numbers would send the stock lower which is what we are seeing. do you need to reset your expectations for that growth area given what intel is saying tonight? >> at this juncture, we wouldn't think so. the good news was that we thought pc trends were stabilizing. keep in mind pcs and data center are two sides of the same coin. virtualization is a fundamental that is happening. they did miss that number. for the full year, it's still 11% growth. that is close to their mid teens target. things in data center can be lumpy. in a challenging environment, we were overall look at the health of the business. very attractive cash flows and 3.2% dividend yield. >> when you look at intel and you see the businesses they want to get into, data centers, internet of everything, smart cars, would you rather take a gamble and buy intel, a veteran name or go invidia and you get a discount getting into nvidia right now? >> j&p securities recommends nvida over intel. we th

emily: what is intel years from now?rey is right about the internet of things being impactful for this industry. 15 years is too long for me to understand how any of these companies will morph. intel has a great business in terms of its long-term conventional strategy of chips for pcs, and if they can get into mobile, great, but i couldn't tell you 15 years down the line. it's too far away. emily: david kirkpatrick, founder and ceo of techonomy, i appreciate your honesty. cory johnson -- cory: i will be honest just this one time. emily: thanks for watching. that does it for this edition of "bloomberg west." do not miss our special coverage of president obama's final state of the union address tuesday, 9:00 p.m. eastern. ♪ >> imagine wiping away the appearance of crepey skin. >> on your arms. >> on your legs. >> even your neck. >> what would your reaction be? >> can i look now? x yes. >> are you serious? oh my goodness. announcer 1: and now, a paid presentation for crepe erase.

we will see whether that gives them leverage at the likes of intel. >> a nice beat intel's bottom line shares are lower by almost 3% after hours. what do you make of it? >> i think joob hit on something, the data center was almost priced to perfection, it's been an impressive transition away from the pc market, but data center was guided to grow somewhere around 15%. a lot of people think they will come in, 10, 11 when you look at the full year. i think that that is one of the places why you see things a little weaker. the good news is that they're also growing in the enterprise storage ssd which they have about 25% of this market, continued to be a surprise area of growth that i don't think people have paid enough attention to. net net for a company that's -- stephanie talked about big companies, liquidity, i think this is a case where you have a fantastic balance sheet, a dividend that will continue to be here, a company that if you look at the charts $29 is an interesting place to own it, i think the weakness is going to be something that's relatively temporary, these numbers were f

emily: what is intel years from now?y is right about the internet of things being impactful for this industry. 15 years is too long for me to understand how any of these companies will morph. intel has a great business in terms of its long-term conventional strategy of chips for pcs, and if they can get into mobile, great, but i couldn't tell you 15 years down the line. it's too far away. emily: david kirkpatrick, founder and ceo of techonomy, i appreciate your honesty. cory johnson -- i will be honest just this one time. emily: thanks for watching. that does it for this edition of "bloomberg west." do not miss our special coverage of president obama's final state of the union address tuesday, 9:00 p.m. eastern. ♪ ♪ from our studios in new york city, this is "charlie rose." charlie: in nine months, the country will elect the 45th president of the united dates. national security is dominating the campaign in a way we have seldom seen. many challenges are bound to the president's successor. mike morel has served as cia's d

intel recently completed a $17 billion acquisition of altera. that could provide the company can more specialized chips for the data centers of the future and help to offset some of the pressure in the pc market. for "nightly business report" i'm josh lipton in san francisco. >>> fellow dow component jpmorgan topped earnings and revenue expectations, the biggest u.s. bank was held by cost cuts, sending share higher today. kayla tausche with more on what went right. >> expectations for bank earnings may not have been high, but jpmorgan blew them out of the water. the bank posted record full-year profits and bead fourth quarter estimates handily. the bank saw mixed performance across the four business units. loan growth, and lower growth in investment banks and outflows in asset management. >> the offense wasn't great, but we'll take flat revenues in environments like this. lower expenses, lower assets. >> it did spend more than $1 billion to cover loans that could go bad. that was a lower amount than analysts expected, but only about a tenth of t

intel, chevron, disney, and microsoft. intel, of course, falling after earnings. we will get more on that a little bit later on, but welcome to "squawk alley." carl is off today, but with me for the hour, john fort, simon hobbs. guys, what a market we are dealing with today. let's get more on the markets. dom is live on the floor. >> kayla, as we talk about this down day, yes, we are approaching now back towards the lows we've seen in trading early on at least. if we take a look at a bit of a deeper dive into what's driving the action here, perhaps no surprise that the sector that's performing the worst in today's trading is the energy sector. again, as oil prices continue to slide down by about 4%. technology and financials, financials very much a focus because of earnings from the likes of big banks. also, black rock. the as the managers. technology, a big one here. technology financial. always good to point out that they're the two biggest sectors in the s&p 500. industrials down by 2% as well. as you take a look at the ten-year yield, certainly a lot of talk a

that business is growing, but intel wants to take more space. think about what intel sells.e selling a chip that's used for central processing. intel geting to see more sockets. they will be plugged into more places in the data center, so they have a lot more room to grow. then they are going to incorporate their process technology into building the chips. johnson, editor at large. coming up, with so much going on in the markets across the globe, you will not want to miss our special report starting in just moments at 3:00 p.m. eastern. right here on bloomberg television. ♪ >> this is a bloomberg news special report. market selling off big time. it's a critical time for the markets. good afternoon from new york. i'm betty liu. let's head to the markets desk where we have the latest on where we are in trading right now. we are off. not by much. >> we are trading a little bit higher. markets are pushing higher in the past 15-20 minutes or so. take a look at the numbers. they had been lower by about 3% or so. the s&p 500 of the nasdaq are still down. with the s&p, we still are

if you're at hp inc. -- >> we should say intel reported quarterly numbers. the guidance was above wall street forecasts. >> listen to the conference call, david. >> the conference call as well, lower than expect the revenue growth. those shares as jim referenced -- i got them down -- they'll be down -- 30.55. they bought altara, that acquisition people will question. >> you were constructive on intel just this week. >> could i have been more wrong? the quarter no. quarter was great. the outlook, i was wrong. i did not think they could be as negative as they were given that it was a great quarter. it was a great quarter, david. >> you referenced the hpq, which is hp inc., the splitoff of hewlett-packard into hewlett-packard. >> i look at that yield hp. meg did give them a lot of cash. >> she did. >> maybe intel was just too negative on the call given how well the quarter was. when you read through the text of the conference call, it was like, wow. was this the peak quarter? i thought that they were getting great momentum. the quarter indicated they were getti

intel post a strong earnings beat but that was overshadowed.te the reaction this wall street analyst is hopeful the chip maker has something in the works. >> what we do think that intel can do and is doing is going to align itself more closely with apple going forward and that is not in the numbers yet. we'll see how they do it whether it's through the mobile business they got or whether the foundry business they're developing, we think that's going to be good news later on this year. >> uber's unit in china worth $8 billion. that's according to the chief. there it raised more than a billion but it isn't profitable in the mainland yet because of heavy competition. >> besides the global sell off the sparks were flying as the two front runners took their gloves off. no more playing nice between donald trump and ted cruz, john. >> well, and you summed it up sarah when you said the two new front runners. that's ted cruz and donald trump. remember donald trump has been atop the field for a long time. we just had a new poll though that showed that th

but intel falling sharply.he company is moving away from the struggling pc business but net income slid from a year earlier. we'll talk to an analyst about intel's report. don't miss the exclusive interview with u.s. attorney preet bharara. it's live from the nyu summit on confronting the cyber threat. that's today at 1:00 p.m. eastern time. take a look at yesterday's s&p 500 winners and losers. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep it all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberry apple scones smell about done. ahh, you're good. i like to bake. get expert advice for your small business at att.com/small business. >>> welcome back to squawk box this morning. our top story of the morning. global market sell off taking place as

intel down 9%, twitter hitting another all-time low, down over 5%. joining me now is our guest host for the hour. a portfolio manager with endurance capital partners in new york. randy, i want to start with you. selloff.oad market we are looking at things happening in china as well as what is happening with oil, boiling fall -- will falling about 5.5%. i want to show you what is happening as far as the s&p 10 sectors. technology was the biggest laggard. energy was down by 2.8. financials are down by 2.4%. amazon -- out of the 69 securities in the s&p tech sector, 66 were in the red. emily: david, when you sat down today, are we rolling our sleeves up? david: it was not obvious. intel,when we talk about it did not seem that bad. different 16a very that it is 15. last year's winners are this scares losers. emily: i think we are having problems with your microphone. this sentiment spilling over to your business? >> it is not the way we would like to start the year. we have a bunch of great companies. early, we focus on the company building side. it will

emily: when we talk edabout intel, it did not seem that bad. david: it is a very different 2016 that it is 2015. last year's winners are this year's losers. emily: i think we are having problems with your microphone. is any of this sentiment spilling over to your business? >> it is not the way we would like to start the year. we have a bunch of great companies. we are so early, we focus on the company building side. it will take longer. we are cognizant of that. david: the comment i was making was that 2015's winners are now 2016's losers. the large-cap growth names are off about 12%. they have lost more market cap than the 140 unicorns in the valley. it has been sharp on the s&p alone, down 8%. you have lost 1.1 trillion in market cap in u.s. markets in the first 10 days of this year. emily: is this the start of a bad year? randy: it looks like the last two weeks is not precedent. the oil glut continuing, banks have been putting the oil price at $20, potentially $10. if all of those things come together, we could see a continued selloff. emily

intel with results higher than consensus estimates. itemsa couple of outstanding not factored in. $14.9 billion fourth-quarter was $14.8stimate billion. than gross margins, better 62% anticipated. full-year growth margin is 61%. cory johnson looking into all of this. he will explain which of these numbers we should focus on. y:r going forwards, the company has absorbed the acquisition. sell chips and data centers , so they're getting bigger in the good part. the pc business is getting smaller, so the non-gap guidance is important. it is good, better than expected. non-gap guidance for revenues , they are saying $14.1 billion, better than what analysts were predicting. on the third page of this release, a lengthy discussion about the business outlook. i will dig into it some more. i think it will be important talking to the ceo before the conference call about the quarter and the year. the pc business looks worse than what intel predicted the year ago. while the decline was expected, it is not getting better. the 10% loss in the fourth

how is that reflected in the intel numbers? cory: intel is only down 1% in pcs. if they are the biggest supplier to the market, and it is the biggest part of their business, and they are only down 1% when the market is down 10%, i'm going to call that success. it's like hitting 40 home runs for a last-place team. they are in the pc business, yes. it is also a big improvement over the last two quarters. they are gaining market share and doing the best they can in a crummy industry. i will call that a success. emily: would you agree? guest: absolutely. one of the things they have been able to do is upsell the chips that going to pcs. if you look at their pc division's average selling price, it has been steadily ticking up. despite poor value in desktops and notebooks, they have been able to sell the higher end chip versus the lower end. they are also pivoting hard into the data center away from pcs. data center chips account for 50 plus percent of their operating income, even though they account for 25% or so of sales. that is a big transformation underway at intel

(intel video) like this interactive food display. motion sensors detect when you're reaching for an what's in it and its carbon footprint. sot michelle tinsley/intel "consumers want to be more aware, where is my food coming from." technology is even changinin... the way we buy shoes! stand up: jill wagner/cbs news/new york forget this century old device. nordstrom and intel are testing this digital foot scanner. that gives you a 3 d reading of your foot size, width and arch.(vo)dressing rooms are also getting a makeover. levi's stores will soon allow you to ask for a different style jean or size... with the ttch of a button. sot "making sure customers are getting what they want, when n ey need it." it's technology designed to make in-store shopping a lot easier... and maybe even more fun. natsot "hi five"jill wagner, cbs news, new york. "here's a livelook at highway terry will have your final forecast beer giant announcer: 3 republican governors. but which governor won national praise for tough leadership handling nine hurricanes? wh

because intel has been held up by the data center growth which is slowing drastically. and now -- and all of the four big data center players have all been cutting back on their spending. they just chose it last year. they have tons of capacity in place. if people start to wobble in their heads about what gdp growth will be like in the world and data centers slow, they are really in trouble. and they mentioned last night about china. and i think china came up with who said it and it was recently mentioned before i got on, china is a real wildcard. we monetized all of these bonds after the '08 crisis. they did the same thing with loans through the bank system. so china has a problem they are dealing with in trying to figure out how to unwind their leverage and not have the economy totally fall apart. and the world is weak already. so you have world equity markets that are under pressure and the world economy is weak. so it is a very potent mix at a moment in time when the fed can't rise to the rescue unless things go lower, so guess what. things go much lower. >> this is

intel. they are reporting after the bell. i find intel extraordinarily sexy. really?: now i know your taste. cory: you know exactly my type. -- nie intel is coming out with a quarter per we will learn a lot with the quarter that guides you. the companies trying to expand the data center. all the things they're doing on the web is coming from servers somewhere intel is trying to get inside of. they have an acquisition that is closed in the last quarter. how much faster the business can grow with it. they are contending with an thatssive slowdown in pc even intel did not predict, the disaster of pc sales. still more than half of revenues. we will get a sense of that. pc sales in the fourth order were down 10%. if that is true for intel, that could be a big problem for the company. we will be looking for signs of growth in the data center. prayingl, you will be that they will be able to gain market share in a rapidly declining market for personal computers. they will bring the sexy back. i know it. betty: isn't there a song by that title? cory johnson will be interviewin

nordstrom and intel are testing this digital foot scanner. that gives you a 3 d reading of your foot size, width and arch. dressing rooms are also getting a makeover. levi's stores will soon allow you to ask for a different style with the touch of a button. "making sure customers are getting what they want, when they need it." it's technology designed to make in-store shopping a lot easier... and maybe even more fun. "hi five" jill wagner, cbs news, new york. with kirsten joyce, sherry swensk, demetria obilor and brian loftus > ((brian loftus)) > good morning and thanks for joining us. i'm brian loftus. ((kirsten joyce)) and i'm kirsten joyce. americans all along the east coast are preparing for a massive storm... expected to bring over a foot of snow, ice and flooding. ((brian loftus)) washington, dc is expected to be hit the hardest. we are live with scott mclean with more. the east coast is bracing for impact with a fierce winter

and was it intel?ght. >> who made the biggest investment in trying to partner with and diversify. i've been very excited about the work in oakland on how we're trying to build bridges with the tech world to create more opportunities for black and brown youth as well. >> andrea, do you want to expand a little bit with intel and their initiative and just a little bit about how they're kind of investing in our communities? >> well, i don't know all of the ins and outs of that particular initiative, but i think that it's a step in the right direction and we should certainly encourage and support that type of initiative. and certainly there are so many different programs now where young people can be involved and take advantage of various learning opportunities, and opportunities to really express themselves and be creative in a very positive way. and be entrepreneurial. and so there are more examples that christopher can provide than i can today to that regard, but nonetheless what intel and other companie

intel video like this interactive food display. motion sensors detect when you )re reaching for an item... and then show you what s in it and its carbon footprint. )consumers want to be more aware, where is my food coming from. technology is even changing ... the way we buy shoes! forget this century old device. nordstrom and intel are testing this digital foot that gives you a 3 d reading of your foot size, width and arch. vo dressing rooms are also getting a makeover. levi )s stores will soon allow you to ask for a different style jean or size... with the touch of a button. )making sure customers are getting what they want, when they need it. it s technology designed to make in-store shopping a lot easier... and maybe even more fun. )hi five ) jill wagner, cbs news, new york. you can expect to see many of these new technologies in stores here in the united states by the end of the year. now to north carolina where the weather caused at least two deadly crashes - overnight. the highway patrol says a 55-year- old woman was killed i

my intel on why there will be no justice. two. ♪ we were born 100 years ago into a new american century. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade of innovation, inspiration and wonder. so, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. ♪ trish: we are at highs of the session right now. you can see a trading 314. of 314 right now. the result of japan. moving rates into negative territory. back here at home, people are thinking it came in so loudly, our economy is not growing. the fed will have to do something back here. we shall see. it is helping right now. the markets are moving higher. oil closing out the day. up about 8%. iran will not support cutting production. we will be right back with my intel on flint michigan. there will be no justice here. ♪ in new york state, we believe tomorrow starts today. all across the state the economy is growing, with creative new business incentives,

at trish intel.z claman is all over philadelphia for you right now. >> you know what? i have to tell you with breaking news, we have confusion raining with the dow jones industrials down 58 points in light of a much better-than-expected december jobs report and china's market stabilizing overnight moving higher, this cannot help. outright ambush of that police officer in philadelphia by an isis sympathizer wearing muslim-style garb. you see the white gown he's wearing, he pushes his arm into the driver's side of the philly police officer's vehicle. the "philadelphia inquirer" reached the mother of the 30-year-old suspect edward archer and told the infirer

intel is down 8.7%. intel is down nearly 9% in one day.isney, supposed to get this giant "star wars" lift, everybody is going to see it, parks will be packed, disney stock is one of the worst in the dow down over 5%. in the s&p 500 it's another tough day for marathon oil. mro is your ticker there. that stock down 12%. it's lost 23% this week. consol energy, that's down 10.5% and qorvo down 9%. speaking of oil, the oil markets closing for the day and the week. let's get your trade from jackie d. >> good afternoon. we did close today under $30 a barrel. the sentiment was negative. earlier in the week we touched that level and weren't 5ib8 to hold it. today we did. when we go into a long weekend, we usually get buyers into the market. but that shows you how strong the sentiment is to the downside right now. it started with concerns about iranian oil coming back to the market with those sanctions maybe being lifted this weekend. that was one piece of it but then the sell-off in equities added pressure. more fear about china adding pressure as

intel, disney, dupont, and microsoft. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. may not always be clear... but at t. rowe price, we can help guide your retirement savings. for over 75 years, investors have relied on our disciplined approach

intel on it. good to see you, jan. >> good to see you, too, trish.ou have to be a good writer these days in order to get a gun. >> stand up and fight back. this is not only unconstitutional. it is an effort to discourage law-abiding citizens from having their permit. i would advise them to take a look at the latest supreme court decision. it is incorporated under the 14th amendment. it is protected from local governments being able to infringe on those rights. can you imagine? what if the city council also told the citizens in order to have the right to vote, now you have to write 1000 words. obama did doj would be all over it. trish: i think they will subject themselves to some legal issues here for sure. you have heard me say before, i am a big advocate. this is part of what you knew. you train people. having to slap a $1000 fine if actively on people. you made $1000 worth of training. if you can get that same training for $100, you can get training for $1000. the mande people fork over $1000 for training. >> from what i understand, it is a levin h

we heard from intel. while the acacal quarter was good, the forecast was about as bearish as i can recall. they saw weakness pretty much across the board and the stock session. this company has a conservative management. still, not that long ago intel was calling a bottom i ipersonal computers. that bottom is now history. that's bad news for seagate, western digital, and micron. it says negative things about the big cloud businesses that the enterprise is weak and makes us cautionary about ibm, which reports nene monday. i even call into the question the prospects of intel's recent acquisition given the weakness in the resul for that line item. jeje, it was a bad call.l. the other major banks that reported, citigroup and wells fargo, they were good, but not as good as j.p. morgan. and in a market like this, that's enough to take down the whole group. those stocks were crushed, including jpm, which yesterday blew the doors o the quarter. unchecked. china, oil, fed, earnings. i mean, holy cow. that is terri

>> they're way oversupply and intel kiboshed the last of the semis. joe in new jersey. >> caller: love your show. carefully" for me at barnes & noble last year. >> thank you for coming. >> caller: i already hold a position in valley national bank. i'm looking to add to it. >> i like that idea. it's a good bank. i would do it. curtis in north carolina. >> caller: thanks for taking the call. it's such a choppy clorox, i'm thinking clorox. i would agree. it's still too high. mordeau in new york. >> nvida. >> i think you pull it, 17% decline. it's a very good company. adrian in north carolina. >> caller: west rock, buy, sell or hold? >> this is packaging. ip can't get out of it. i've got to say no to packing right now. very close to finding a place to pull the trigger, though. sean in arizona. >> caller: booyah, jim. acuity brands. >> it happens to be overvalid in this particular environment. i would recommend the stock if it went down a little bit more. trigger there too. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >>

i'll tell you all about intel's recently unvnvled gizmo. " jessica rae: plus... something that scott might find interesting... the oculus rift is now up for pre- sale. we'll discuss the virtual reality device... car. check out thth20- 17 chevy bolt. the bolt is meant to be an affordable long- range electric vehicle, capable of taking a 200-mile trip without recharging. g-m is calling it a game-changer. the car's expected sticker price? about 30- thousand-dollars after tax incentives. jessica rae: ple says during the weeks of christmas and new year's day... customers spent over 1 billion dollars on apps and in-app purchases. apple said new years day 20-16 was the most popular day in app history... with customers spending more than 1-hundred-44 million dollars. jessica rae: paging george jetson. intel is showing us the future is now at the and it may be a replacement for the jetson's loyal robot -- rosie. mary moloney explains. "(nats) "meet george jetson." families of the future -- as depicted on the jetsons -- had handy robots that among other things -- provided

meet intel's new creation, half hover board and half segue and all robot. the biggest tech event in the world. not only can you ride the robot but it can serve as an alarm for your house. >> the segue robot recognizes voice command and has a camera that follows you around. this butler like gadget gives us a glimpse of the future. for consumer watch, i'm mary maloney. >> we thought the glimpse to the future was the self-driving car. now there is a rosy and a self-driving car. if you want your own personal segue robot, you have to wait. intel hasn't announced when it will go into commercial production. >> in other consumer news, a new edition to the world of wearable health devices. >> underarmor unveiled its health box. health box is electronic devices that helps users track their body 24/7. >> it includes a wrist strap and a circular scale that will communicate with the brand's app. it retails for $400. >> it is pretty pricey. >> this just n we told you earlier in the newscast, 675 million million, it has risen to $700 million. >> that drawing is of course

in the mix, intel.e down as much as 6% following the tech companies latest earning profit margins compressing. what i week seen following their stock? -- what are we seeing? stock in the red. what is going on with intel? intel is going to the transformation. they have been a pc have the company and it is moving to becoming a data centered company. in the fourth quarter, we had the ability for the data center business to offset some of the is a mixed bag and we are starting to see the start to be a that we saw in --5 and pcs unable to become be overcome. david: it is what they said about the first quarter of this year that brought the margin, that stephanie referred to, and revenues overall. anand: one of the thing is that q1 tends to be softer, a weaker china, weaker macro factors, and a byproducthings of of becoming a data centered company, you have public guys, amazon, facebook, google and they are buying tips, so there is weakness there. you put all of that into the hopper, and you get a weaker q1 pr

i spoke to intel ceo brian at ces last week. i asked him how he is going to keep mega scale cloud providers like amazon and microsoft from forcing chip prices down as they become a bigger part of the data center story. here's what he said. >> first, always make sure you take care of those customers and, you know, please them as much as you need to to keep them coming back. secondly, keep driving technology such that people have to go. you know, they want to go buy your parts. there's a need for the performance that are you going to provide. our acquisition of altera, things line 3d cross point memory, it drives them to the next level. >> he also said that second tier cloud providers, those smaller than your amazons, your microsofts are actually growing faster in 2015 i guess in terms of the equipment that they were buying. that bodes well for them. i wonder, though, if eventually there's a disconnect. every survey i see all the numbers from analysts suggest that amazon and microsoft are pulling away from those smaller providers.

meet intel's new creation. "hello world." it's half hoverboard -- half segway - and all robot. "good to be back." intel showcased this contraption at the consumer electronics show -- the biggest tech event in the world. not only can you ride the robot -- but it can serve as an alarm for your house. and you can give it arms. "are those my arms? awesome." the segway robot recognizes voice commands and has an internet connected camera that helps it follow you around. although it's not as functioning as the jetson's rosie "up and at 'em mr. j." this butler-like gadget gives us a glimpse of the future. for consumer watch -- i'm mary moloney. you've heard the term "moving target" before... well donald trump you've heard the term "moving target" before... well donald trump seems to know it well... now he's targeting ted cruz in a series of attacks on his political rival. pattern has finally given us quite a bit of snow this winter... but in southern california they're dealing with flooding. you're watching kolo 8 news now. for news while you're on the move, listen to our news partner

. >> lauren: intel is a stock to watch today. intel made progress in the fourth quarter but not enough to satisfy investors. the company should more chips in the quarter but there are worries about gross margins offsetting demands. they are nearly 5% late yesterday. down 6% right now in the premarket. intel shares down almost 11% in the last year. >> nicole: let's take a look at the headlines of today's edition of the wall street journal. china higher to buy ge appliance unit for $5.4 billion. the move will allow to expand its business overseas. goldman reaches 5 billion-dollar settlement over mortgageback securities. by land air and now sea, amazon looks to arrange ocean freight. amazon also temporarily dropping the price for subscription service to $73 from 99 bucks just for this weekend. >> lauren: you want to know why it was 73, the 73rd golden globe awards. coming up everybody, more highlights from the great debate last night including heated debate from donald trump including ted cruz on citizenship. >> interestingly donald

joe made a great point about intel. it is not corporate newsmaking the market business today, but this report was very scared about the demand in china. it just reinforces all the macro concerns have been. lisa: i was looking at the u.s. five-year contracts. gauge of this is a longer-term inflation expectations. sinceell near the lowest 2009. people are ratcheting back their to the lowest level in more than six years. inflation andbout increasing concern about disinflation and deflation over the longer term. >> our main concern was there was going to be upside on ablation risk, and a lot of them have same reasoning. headline inflation was going to pick up. oil has not stabilized at all. all these people continue to debt continue to push back their expectations. >> in 2011 we had some -- but the second leg of this old market has been consistent. it has paid off. >> 1867 level, that is the lowest we said in august. it clearly became a support level then. the problem is you don't know until after the fact if it is the perm

(intel video) like this interactive food display. motion sensors detect when you're reaching for an item... and then show you what's in it and its carbon footprint. sot michelle tinsley/intel "consumers want to be more aware, where is my food coming from." technology is even changing ... the way we buy shoes! stand up: jill gner/cbs news/new york forget this century old device. nordstrom and ininl arartesting this digital foot scanner. that gives you a 3 d reading of your foot size, rooms are also getting a makeover. levi's stores will soon allow you to ask for a different style jean or size... with the touch of a button. sot "making sure customers are getting what they want, when they need it." it's technology designed to make in-store shopping a lot easier... and maybe even more fun. natsot "hi five" jill wagner, cbs news, new york. you can expect to see many of these new technologies in stores here in the u-s by the end of the year. it's now on this morning. morning.and if you're in it's degrees. degrees.just ahead...the record ha

we will be right back with my intel. what you need to know.♪ almost 400 points on the dow. why now? why is it. 2016 and the markets taking such a hit. we have been talking about all of these things for months. the fear is suddenly creeping in. we may have a systemic crisis. similar to what we saw back in 2008. low interest rates around the world. foot -- put in place. a riskier product. if you are a retiree and you cannot make money on a cd at a local bank, junk bonds start looking pretty good. a bond is supposed to yield an amountf intest. is ettyoughn abw intest re envonme. to g anyntert. getny hled thoutaki onhat sk. mom d pop iesto, th are out ere yingiskyonds stitions, th havall en dointhe me ect tng. ey a buyg higyieldebt chi, lan he. unss, ose mpans an ose untrs ca no nger make the interest on their desk because the economy is in such a bad spot. they are now increasingly at default. the economy growing at its weakest level we have seen in a quarter-century. china's ability to make its payment. the same goes for other emerging market co

intel showcases this at the biggest tech event in the world. not only can you ride the robot, but it can serve as an alarm for your house and you can give it arms. the robot recognizes voice commands and has an internet connected camera that helps it follow you around. although it's not as functioning as the jetsons' robot, this gives us a glimpse of the future. >> if you want your own, you'll have to wait. >> they have not announced when it will go into commercial production. it is the future, looks like. >>> time for another check on the forecast with julie. this rain is what we're looking at. >> we are. we have a little rain in the forecast for tomorrow evening so just expect that. not going to be all day or all weekend but we could see some storms. >> movie day. stay inside and catch up on your shows. cold front set to move through saturday evening. rain chances go upstarting late saturday afternoon, continuing into saturday night. could see storms with this front and then the cool spell begins, temperatures in the 60s looks like all next w

intel is showing off its newest gadget which is a part hoverboard.. part segway and all robot. not only can you ride it.. it can not only can you ride it.. it can also serve as an alarm for your house. the segway robot recognizes voice commands and has an internet connected camera that helps it follow you around. if you want your own personal segway robot.. you'll have to wait. intel hasn't said yet when it will go into commercial production. now... to the nasty weather.... hitting us... here out west!!! three storms.... battering several states... in just one week.. rain is pummeling california... tonight. this freeway is completely underwater. here you can see... cars stuck.... as they try to make their way... through the storm.. tonight... tonight... new concerns... over mudslides. we are tracking our next incoming system that will once again bring showers to the elevation snow. a winter weather advisory is in effect for the spring mountains and sheep range from 4pm this afternoon through 4pm tomorrow afternoon. expect mostly cloudy skies tonight with showers developing arou

intel earnings reporting after the close. and intel cfo stacy smith will be joining us at 4:30 p.m.ime. in so sees its -- intel sees its 2016 sales rising in single digits. meeting, have the boe nothing really expected. sterling has fallen since the dollar. thbe ecb will be posting their account of the december meeting, which disappointed everybody. interestingbe some factoids there. joe: tomorrow i will be looking at initial jobless claims. how the labor data is holding up, but also beating expectations while other economic data has been disappointing. will they converge, and when? which one will converge with the other? i love the initial claims. it's very sensitive to the economy. we will see you tomorrow if there is any tickup. it has been very low. scarlet: that is it for "what'd you miss?" mark: there's only one sick of the matters tonight. tickets that matters tonight. where outside the bay center arena here inns

i think that's going to provide support for the name. >> intel getting ab upgrade.izzouho raising its price target to $27. >> i have been buying it, actually. stocks down 9% and looking the past month. it yields 3%. the valuation is not commanding at 13 times, and i think that the pc exposure, while it's big at 60%, i think the growth more than offsets that, and that's the driver for the stock this year. >> how about lululemon. it's spiking today. the company raising its guidance on stronger than expected holiday sales. pete, you have been a bull. >> unfortunately, i did jump out. last week i jumped out. i feel decent about this, but not great because i missed today's move off with this news last night where they upped some of their numbers going into this. they talked about the holiday season. what really led us into this yesterday we were talking about underarmour and some of the disappointment there in women's closing. it sure seems to me that one of the places when lulu lost market share to nike and under armour, maybe now they're getting some of that back. >> i