, so not great for intel.is will ultimately be a profitable deal for intel, even as it stands now. they have taken so much cash out of the prophets of that mcafee security -- profits of that mcafee secure to business. if you look at how intel breaks down segments, in each of the last two quarters, mcafee did $537 million in value, so that's caught a $2.1 billion annual business. they are selling half of their stake for $2.1 billion, so they are getting two times revenue for the business, about equal the value of symantec, so a decent transaction for intel. and a very competent one, the way it is put together -- complicated one, the way it is put together, resulting in intel getting $3 billion back in their balance sheet and maintaining 50% ownership of the new company. so they will still have skin in the game, but the deal will be much more purely focused -- the company after this deal will be much more purely focused on selling semi conductors. emily: how do you see this new unit fitting into the rest of the

it was the security company that intel bought.lan was to transfer the company into a cyber security firm. they rebranded it as mcafee security, the pioneer for cyber security. earlier, we spoke about the new venture. take a listen. john: when i became the ceo, we threw out all the existing products and projects. and became a purely cyber security firm. i think we became the most up-to-date cyber security products on the planet. >> google became a verb to search. mcafee is a name, a word like that. you associate it with computer security and online security. what is the technology that will set this new venture that you have joined apart? john: i invented the current technology. it started with antivirus technology. we branched out into a whole system of programs that identify malware. but by the time you have identified them though, it is too late. they are already in your system. there was a hack in the government, when 21 million records were taken. they did not find out about it until 2015. all of our products today are reactiv

a decent transaction or intel. actually going to result intel getting $3 billion cash back on their balance sheet and maintaining 50% ownership of this company. much orl is going to be focused on selling semi conductors than with the mcafee at that is part of the rest of intel. emily: how do you see this unit into the rest of the cyber security industry? many folks say it is headed for a major correction. we might see a lot of smaller players get snap that were simply not surviving. when i talk to people in cyber security, and i do in all kinds of levels, what i hear over and over again is there are great solutions to problems that need solving. arethe umbrella solutions companies that can handle things a lot of, >> ways. we know there's a lot of's ending in the industry, but who the vendors are going to succeed , -- this is not a 50/50 deal with intel. it's a 51% epg deal. tpg is going to run the show. has a lot of financial wherewithal to add on to it the security unit is to make it a more fully flexible thing. i

are our intel chip reporter.ut the technology behind it and how it fits into intel strategy. n: i don't want to speak on behalf of intel, but the push is, look, intel makes chips for pc's, it is very profitable, but in the future everything is going to be connected and computed. we need to be in it. they are pushing lots of products like this to try to spread the use of intel's chips and brought in their base of sales. tom: what is the market opportunity we are talking about? this combination of eyewear with more advanced technology. is one small component of our mobile strategy. depending on i you look at it, multiple billions of units in the next decade. talks about, what we set out to do is build experiences, and end to end experience. when you look at where intel is ,oing, everything is connected from your device, to your phone, to the connectivity of the cloud . it is seamless for users. these are on sale october 1, in stores and online. tom: do you have projections in terms of the number of units? christoph

remember when intel bought mcafee and renamed it intel security?y are keeping a stake, intel announcing that tpg, investor and intel will jointly invest of a spinout of intel security valuing the business at $4.2 billion. intel will retain 49% of that entity and tpg will have 51%. chris young who had been running intel security is going to now run the mcafee entity and says that as a separate entity, as independent entity, it now mcafee will be able to more quickly innovate and coordinate its security effort. not sure if that indicates that some people felt like under intel they were able to move as quickly in security matters, as they will be now. but this news, intel of course acquired mcafee and renamed it and now spinning mcafee back out and intel retaining 49% stake. i should say the business overall values at $4 h.2 billion. kelly? >> john, thank you. not budging too much on this news rumored earlier. thank you for joining us here on a busy hour already. stay tuned. there is much more coming up with steve on fast money today. there is somethi

intel is 50% basically on sales dependent on pcs. what's positive about pcs is better for intel. the rest of the stuff is cake. >> it doesn't matter they have more components in the phone? >> it does but they have to worry about the pc market getting better. anytime it gets better it will move the stock higher. i think the whole chip space continues to move higher. >> well, it did get better for the third quarter. that's why they got it higher. >> one of the reasons why intel was already trading at 52-week highs is there was some data that came out about this quarter that showed pcs doing better than seasonal. to me i thought this was an interesting timing of this announcement. the company used to give midquarter updates. they used to do it around now. they moved that midpoint of the revenue range i think 3%, 4% and the stock was up a couple percent. i think it's probably fully in the stock right now. expectations are pretty high right here and you will see a dip in pcs come q nps 4. >> this is not just a 3% gain on the day. >> recall at the end of 2014, the stock traded up to 38

intel will hold a 49% stake.action is expected to be completed in the second order of next year. , the possibility involving a movie studio, paramount pictures. directors will hold the review on the 14th. the former ceo submitted details of his talks to the board last week. that is your blue -- bloomberg business flash. matt: the mexican prime minister afterving his position three years. he's been a close advisor to the president and has come under fire after boards that he advised the president to meet with donald trump last week. for more analysis, victor hugo in mexico city. victor, tell us what we know so far. has the finance minister left his position? have we gotten any details as to why? officially? at this point we are calling it the after effects of hurricane trump. especially after reports surfaced in the last few days that we realized the now former point -- now former finance minister was behind the business by the presidential candidate. president of the the mexican government has not stated official

intel 7:00 o'clock this evening and since then as been heavy and sometimes and light at other times it's come back out here and give you look at i 70 at the west entrance of the eisenhower tunnel the roads are wet snow not sticking to the roads at this point in traffic is flowing smoothly off to the side of the road how much accumulation you what it's pretty chilly out here in the high country live at the pinpoint weather at the eisenhower tunnel fox 31. start with the 40 niners cornerback first sitting in the end of the national anthem to protest racial inequality then broncos linebacker brandon marceau join the protest and athletes across the country proud members of a local high school football team taking a knee kyle central high school in aurora with their protest. the public school system is not trying to control the kids in any way in a statement they said this is a a teaching moment for the kids. this game is important for the trojans high school football season. also over for a. plus this. for some players actually a lot of players it's is important for one more reason that ther

. >>> intel makes a push into artificial intelligence.er for drones and other devices. up next, a top intel executive joins us to discuss the deal and future of ai. >>> itt the latest institution to go out of business. we'll discuss why the industry is not making the grade. that's coming up on the "closing bell." i30 heew app? . heew aay... whmiion peopdoloadhe new a we're od fiveon go. scand. id infrasuctutu, om. what30 milonopleoathe 're nd wee tataroes umr mpyin cloud infstur >>> welcome back. record setting day here on wall street. dow up 46. s&p up 6 to 2186. but the nasdaq by adding 26 points that's a half percent gain today closed at a record close of 5275 and change. >>> intel announcing it's buying an irish chip firm for proces r processors to power drones, web cams and other devices. our jon fortt joins us now with wilbur brooks, president of intel capital. welcome to you both. jon? >> thank you, kelly. wendell, welcome. want to start off just talking about the technology allows machines and compute earls to see probably the bes

we are looking at intel.hat is a known liar after they raised its sales forecast, it is rising 2.5%, raised its margin outlook as well. they say they are seeing a resurgence in pc sales. assets we are watching, the dollar at the highest since july. going into that fed meeting. crude oil down 1.5%, contributing to the drop index on and gold futures off at about one third of 1%. the lowest since august. let's check in on the bloomberg first word news. of where president obama was born is a campaign issue again, donald trump says he will have something to say about it today. -- neverver late personally backed off the stance that the president was not born in the u.s. hillary clinton says donald trump owes the united states and apology -- the president an apology. hillary clinton: for five years he has delegitimized our first black president. his campaign was founded on this outrageous lie. >> clinton says donald trump is feeding into the worst impulses, the bigotry, and bias that lurks in the nation. two top rep

just want to point that out. >> oil is heavier than intel, is what you're saying. >> yes, i think intelto be regarded like micron, like seagate, like western digital, an inventory issue, not a demand issue. but intel will say spin it a little bit. >> did you see that story in "the wall street journal" this morning? coming off this continuing investigation from the new york attorney general schneiderman of exxon mobil and questioning no write downs and whether that's appropriate in the journal story. >> yeah, i don't know. exxon's a pretty honest company. when it comes to reserves, most conservati conservative. they are the most conservative. some of these guys are real renegades. exxon no one ever -- i would not. there are many issues i have with exxon, their long term plan, but not about the way they analyze things. they're the model. i saw anna darko with a very good call, a lot of people feel j.p. morgan raised the price target 64 to 70, anadarko deal with freeport because freeport obviously needs the capital. freeport needs the capital. >> freeport does need the capital. they are st

. >>> intel raises its revenue where we begin tonight's market focus. the dow component says pc makers demand for intel's ry which is chips. intel easily the best performing stock on the dow today, rose 3% to $37.67. new york attorney generaler rick snyderman is investigating an energy company whose stock fell 4%. pharmaceutical giant johnson & johnso will buy abbott laboratory's i-health division. the acquisition expands j&j's diagnostic business. shares of johnson & johnson were off slightly. hospital provider community health is said to be exploring a potential sale, according to a bloomberg report. the company is discussing options with its advisers. the report also noted that a deal may not happen. community health shares rose 15% on that report to 12.27. >>> unilever may soon acquire jessica alba's company for less than what it was valued for. the takeover is worth more than $1 billion. last year the n $1.7 billion va. shares of unilever dropped slightly. honest company is privately held. >>> general electric said its nearly $2 billion deal with a

intel. i bought intel today and a couple chinese stocks that have some yield. >> which are? one of them is 58. com. >> don't miss "fast money" tomorrow, we are sitting down with ceo and co founder jeffrey gundlach tomorrow here on "fast money." >>> all contrarian calls saying now is the time to buy the european banks. we'll explain. >>> plus, americans are cutting the cable tv cord at an alarming rate. just how fast in which cable companies could be hardest hit. julia boorstin has a special report. >>> and later, the kun chart shows the fed is running out of reasons not to hike rates this year. we'll show you what that is when "fast money" returns. yep. stirred it... mm-hmm. drowned it again... mm-hmm. and now just feel if it's cold. yeah. cool. [camera shutter clicks] [whistling a tune] smokey just gave me a bear hug. i know. i already posted it. >>> welcome back to "fast money." i'm seema mody. microsoft raising its dividend to 39 cents per share, giving a yield of roughly 2.7%. microsoft also launching a $40 billion buyback program as part of a new share repurchase progra

that's today's intel. we'll be right back. it's a very specific moment, the launch window.ve to be very precise. if we're not ready when the planets are perfectly aligned, that's it. we need really tight temperature controls. engineering, aerodynamics- a split second too long could mean scrapping it all and starting over. propulsion, structural analysis- maple bourbon caramel. that's what we're working on right now. from design through production, siemens technology helps manufacturers meet critical deadlines. i think this'll be our biggest flavor yet. when you only have one shot, you need a whole lot of ingenuity. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay som

governor mike pence as you saw that breaking news, speaking just moments ago after getting his first intel briefing as the gop vice presidential nominee. >>> and show of strength. hillary clinton with a bipartisan meeting of top two states where trump and clinton are locked up in a fierce fight for voters. why are polls in ohio and florida in such a dead heat? we've got a look at a lot coming up this hour. and let's start with our team of reporters who are also out on the road with me. kristen welker live at the new york historical society, that's where hillary clinton will meet with the foreign policy advisors. katy tur in front of trump tower in new york and jacob rascon in pensacola, florida. katy, let's start with you, talking about mike pence. he came out and said he wouldn't say much about the briefing. as you know the issue of intel breechings, national security, how the trump team is doing with the advisors really in the spotlight lately. what stuck out to you? >> reporter: well governor pence had his first briefing in indiana. he came out and did address reporters. as you said, no

inook over my half-century the intel business and consider the evolution of our i.c. we are better -- much, much better now than we were 53 years ago when i first took my oath of office as a young second lieutenant. we are better and more capable than we were 15 years ago on september 11 2001. and i believe we are better or like to think we are more integrated than we were six years ago when vice president biden swore me and, although i will leave it for others to grade my term paper. the reason we keep evolving and keep getting better is because of the people in this room, the people in the i.c., their instinct to serve. the nation continues to be a rock bed constant. just as it was when i started, yes, the world changes, the threats evolve, the technology willooms, but our people be a steady constant of vigilance and stability as it will be through this transition, and i could not be prouder to serve in this community, and that is something you will keep hearing from me for another 135 days, but who is counting? well, thanks very much. [applause] chair long: terrifi

macgyver: meet jack dalton, security and intel. former delta force. jack's the kind of guy you want watching your back. ice beeps) (men shouting in arabic) jack? (gunshots, men grunting) who loves you, baby? macgyver: and my name's angus macgyver. i have 12 first place science fair trophies, two years mit, three years diffusing bombs for the military. and what do i do now? a little of this, a little of that. nikki: what are you doing? we're gonna need a fingerprint to access that safe. jack: so, does it bother anyone else we don't know exactly what's in that safe? macgyver: intel says some weapon the host plans on selling to the highest bidder tonight. hundred bucks says it's nuclear. look, can we not take bets on what's probably gonna get us killed? oh, relax. it couldn't be worse than cairo. hey, hey. we don't talk about cairo, remember? what happened in cairo stays in cairo. sister's right. cairo is off limits, except for my therapist. you see a therapist?

macgyver: meet jack dalton, security and intel. former delta force. jack's the kind of guy you want watching your back. he's been watching mine for years now. (device beeps) (men shouting in arabic) jack? (gunshots, men grunting) who loves you, baby? macgyver: and my name's angus macgyver. i have 12 first place science fair trophies, two years mit, three years diffusing bombs for the military. and what do i do now? a little of this, a little of that. nikki: what are you doing? we're gonna need a fingerprint to access that safe. macgyver: intel says some weapon the host plans on selling to the highest bidder tonight. hundred bucks says it's nuclear. look, can we not take bets on what's probably gonna get us killed? oh, relax. it couldn't be worse than cairo. hey, hey. we don't talk about cairo, remember? what happened in cairo stays in cairo. sister's right. cairo is off limits, except for my therapist. you see a therapist? massage therapist, but she's a good listener. okay, hoss, you got 30 minutes. after that... ...i'm crashing the party. see you in

for probably the very first time, is intel's chip going to be inside the 7 plus? that's the question. >> i would be afraid to hold on to apple at this point for exactly the reasons you point out. i would be taking profits. you wouldn't hold on to it to 120. we're up 12% this week. massive, massive move. we know that apple has told you that the only reason they're not giving their numbers is because of their supply constraints. they told you they don't have a lot of phones anyway. the t-mobile, there are a lot of subsidies. people are hate me for saying this, up 12%. >> guess what, it's momentum right now. it's going to stay with the supply chain and the stock for a period of time. there's going to be a point where you take profits. i 100% agree. right now the momentum is on the side, we're going higher. >> it's an iphone-based stock. i was here on monday. it was trading between 105 and 110. we were both pretty consistent saying you buy whatever breaks down or breaks up for ten bucks. you're right on the 1 120. >> people are so scared to own an expensive stock. mor

. >>> the lengths one coach will go to get intell on the patriots. >> his disguise to figure out who is playing quarterback in i just want what's best for my kids. when i hear arguments that i think: what about the students in all of our schools? every new charter takes away more money from the existing public schools. that's 400 million dollars, just last year. we can't afford to drain even more money from our kids' schools because they're already losing so much. i'm not just standing up for my own kids; i'm fighting for yours, too. >>> the afc offensive player has been named for september. he ran for over a hundred yards in every game this season. trying to figure out who will be playing quarterback. he tried to get intell by impersonating a reporter on a conference call. >> julian, this is walt from the buffalo news. are you playing quarterback this week? >> walt, right? his answer is he will do whatever coach bill belichick bill belichick asks him to do. you can see the on sunday at 1:00. >>> breaking news here on wbz, one person has died in a train crash outside new york city in

the intels of the world, the microsoft of the world.he disposition in that sector is to believe that we're bottoming. now, that may be true in some of them. intel, you had a preannouncement that was positive a couple of weeks ago. microsoft may be getting wind in its sails. the predisposition is to believe that the sales are going to start growing. >> you saw this in q2, though. >> of course, with these multiples, what you point out are well below the market. these are safe buys. >> look, there's -- i like, there's 63 industries in the mrkt. 11 sectors. of the 63 industries right now only 12 of them are cheap versus their own history. there are some parts of value tech that would screen in there, but i think if the market keeps slowly moving higher as we expect, i think people will look for stocks that are a pretty big discount with the revenue plateauing. i think for them to really rip, you need to believe in end market picks up and the revenue grows, and that's why you are seeing a lot of m&a, synergies, cost -- >> i think you get tha

tbg among bidders for intel computer security on the internet mcafee.nowledge the matter , declined to be identified. they have had limited discussions with intel about a deal of about $3 million. talks are at an early stage, and intel a not -- may not sell the business. a pilot program using block chains to send payments between lenders. they are reaching out to a small number of european banks. we will see if this can cut costs, settlement times and credit risks of transfers. campbell soup, nearly 150-year-old company known for canned food especially to consume, is struggling to get fresh. shares fell 6% after they posted a disappointing forecast. the fresh division products were hampered by the drought in the main growing region in california and the protein recall. that is the bloomberg business flash update. the s&p 500 has room to run. that assessment from deutsche bank chief global strategist inchada. i asked him why he is so bullish along with my coanchor and what is behind the rally. >> at the most basic level, what i would argue the u.s. econo

intel is a play on data centers, cloud computing, everywhere you want to be.e stock has gotten above 2015 resistance convincingly, short-term maybe it's a little overbought rsi at 74. on the next pullback if you're not long the name and looking for semi-exposure, i think intel is as good as you get. >> problem is data center business. expectations have been high, company guided for double digit growth in this particular business for a couple of quarters, slash years, and they haven't been able to deliver. so if you're buying the stock here at a new high at 16 times forward estimates, you got to believe the data center can actually accelerate and that's a big question mark because the company has not been able to do that. so i like the story. i actually sold it though because i took my gains. i would be happy to buy it back at 30 or below, but i think here at these levels it's a bit vulnerable. >>> switching gears, alumbar nu -- aluminum dropping to a new level. >> that's right. aluminum prices falling in august continuing the decline in september. jeff kilburg

intel pointing to science of improving pc demand, some channel fill in. meanwhile, oracle shares slipping after missing on both the top and bottom lines last night. the ceo said currency moves after the surprise brexit vote were a major culprit. remember, oracle reports a little earlier than others before brexit. and execs were actually happy with the quarter overall, she said. now, guidance for the cloud business came up two points, but the overall revenue guidance that oracle gave was slightly lower than street wanted and that was the main factor pulling the stock down last night during the call. >>> when we come back, a lot more to come. regulators officially recalling samsung's galaxy note 7 after warnings over battery fires. man who ordered the recall, the head of the consumer product safety commission, will join us live. >>> plus the future of daily fantasy after a long legal battle across the country. we'll talk to the ceo of fand l fanduel. >>> and ken burns on why he has an historical obligation in his mind to speak out against donald trump. ♪ th

we have the big homeland security department but intel isn't really well-coordinated?u have a situation where it is not a lone wolf as much as known wolf but still so much information. metaphor i like to use, not finding a needle in a haystack, but a needle in a haystack of needles. it comes to the amount of resources you have. how many agents you can put on, what type of leads can you follow and what type of time period can you follow somebody? at the time his father called, had he bought anything or begun developing a device? these are all questions the fbi would have taken into account at the time. david: sara, i have questions now myself about how well-integrated our services are. they captured the guy. that is the lead of the story. we got this guy in couple days, which is extraordinary. but the at same time if we had known about him couple years ago about his father's report to the fbi maybe we could have stopped damage he did do? >> i think there is still enormous failures in information sharing. this is not just something that i'm saying. this is what sources t

that's the microsoft, the intel, the cisco. i think that they're deemed to be defensive because of their yield, but are not particularly sensitive and they make up a big chunk of that xlk and then the last bucket, this is something people don't think about. 10% of that is u.s. tellco. you have this budget of stuff that it's cyclical, defensive, it's yielding and it could be vulnerable. i think this xlx have a nice run here. it broke hard today. i don't press shorts on a day like that's the breakout level of 45. 46.40 put spread paying 1.25. that's your max risk. it breaks even at 44.75, then a longer term chart, a five-year chart that shows a uptrend. down near 40 bucks. i think that's what you want to target over the next three months. if you have a pushback away from some of the defensive stuff, the crowded growth names, the utilities, some of this other stuff, i think the tech fits well. i think you have a move back. >> you could have picked semis. and there are of a beta trade. like tech on steroids. you're doing it as a yi

shares of intel inchanged. didn't move on the back of that news. >> another deal to report, liberty media buying the racing business. formula 1 for $4.4 billion. has stakes in several sports and entertainment businesses. purchase a majority stake from a of private equity company. fully take it over after regulators give the deal the okay. share price of liberty reacting hardly to this news. just below flat. not as big here in the states as it is around the rest of the world. preeminent motor sport outside of the united states. >> keeping his role of ceo for now the report says. we'll see. >>> stocks to watch today, pure one is something we're looking at pier one. retailer is forecasting a wider second quarter loss and says same store sales fell more than 4%. we did see a big hit to the stock down close to 10%. cutting full year guidance. retailer of farm and feed supply claiming the prolonged decline on oil, gas and coal production hurting customers living in energy producing states. juno therapeutic developing

under the deal, both intel and tpg will own mcafee. shares fell today, 11 cents to $36.46.>d as we reported last night, the potential deal between liberty media and formula 1 is now official. the tv distributor said it will acquire the car racing series nearly 4.5 billion. once the transaction is finalized, liberty media expects to take on the name formula 1 group. sharyls fell 1% to $17.38. >>> the economy could be thrown a bit of a curveball. the bankruptcy of a massive cargo company created confusion in parts of the global shipping business. and that could ripple through a number of key economic sectors. morgan brenn >> reporter: the bankruptcy is the shipping industry's biggest ever. financial collapse that's de and threatening holiday goods. the company filed for bankruptcy in south korea last week seeking similar protections in the u.s. and dozens of other countries since then. hohn chin was losing money for years and stunned ports, retailers and carriers around the globe. stranding nearly 80 ships of half a million containers filled with clothes, toys, computers and

intel releasing its list of most dangerous celebrities to search online. topping the list is comedi justin bieber and nbc's own carson daly of "today" and "the voice." intel says searches for these famous names are most likely to land you on websites that carry viruses or malware. check this out -- more than 15- hundred iowa students spelling out the word friend in west des moines -- aiming to make this the largest gathering of people to ever do so. their goal is stop bullying. hopefully kids with problems that they just can't talk to scared to talk to their parents about it no word on whether they beat the record. coming up on kwwl, the mister food test kitchen.... put on your lederhosen and grab a beer because today we're kicking off oktoberfest in style. but first, a look at your woman: huh. congressman blum is a tea party member. we've shut down the government before. woman: blum voted to cut social security. we've got to raise the retirement age. then there's monica vernon... a hardworking mom. started a small business while raising three daughters. s

forecast, stock 52-week high, specifically intel says pc demand is coming back.ard that before. let's see if it comes true. to virginia where first lady michelle obama, take a look because she's taking the stage, indeed. she has just taken the stage in the campaign trail hitting the trail for the first time on behalf of the democratic nominee hillary clinton and then there's this, donald trump is expected to stump in miami but it's not the only duo happening at the moment. billionaire versus billionaire with mark cuban escalating his war of words with the republican nominee. it was born right here on fox business but blake berman is following what, i guess, is another fire ball thrown into the fray. blake: and who doesn't like a little verbal sparring between one billionaire and the next, lids, from time to time? specially here on a friday afternoon, nonetheless. yes, it is between in this case donald trump and one mark cuban. this goes back to last week, you might remember mark cuban appeared on cavuto coast to coast and cuban had said that he has a hedge in his

intel of course would know. it dominates the pc chip market. how about printers, the other key part of hp inc.'s business? this is another area that's widely seen as beise proliferation of mobile devices, there's much less need to actually print any hard copies at all. you can just look at them on your phone or your tablet. so from 2013 to 2015, we saw modest but steady declines in global printer sales. again, though, just like with the pc, after an ugly first quarter, the second quarter of 2016 is looking a lot better for the printing business. in the first quarter, worldwide printing shipments declined by 10.6%. market has suddenly gone back into growth mode, but it's declining less than it used to, and that's still a big deal for a company like hp inc. speaking of hp inc., how have things looked for them specifically? in the most recent quarter, the company's pc sales were basically flat. they increased by 0.1%. i know. it doesn't sound that big, but but listen to me. that was a vast improvement versus the previous quarter where they were do

and collaboration tools from intel made rocket science simple for actual rocket scientists. the launch crew met for a moment of reflection. before any of this, cdw orchestrated a collaboration solution using pcs with intel 6th gen core vpro processors. collaboration by intel. orchestration by cdw. >>> last week we got stunning news about wells fargo. one of the best front banks in the world. but since last thursday, the reputation has been seriously tarnished. wells hit with a $185 million sanction from a number of regulators including the federal protection bur buro. the stock is down big since the beginning of last week precisely because of the nature of the scandal call niece question what is going on at a company that prides itself on the way it treats customers. top that, wells is going to have to change practices going forward. we don't know how bad that will hurt the numbers. this raisees a lot of questions. let's go right to the top. chairman of wells fargo. thank you for coming shown the. i appreciate it, sir. >> jim, thank you for having me. before we start, or as

that's today's intel. see you back here in two.d network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day for one of the largest greeting card companies. businesses count on communication, and communication counts on centurylink. >> why do you want to join the cia? >> i would like to help my country make a difference in the world. >> deputy director of the nsa offered me a new position. >> can you tell me anything about it? >> you know i can't. there's something going inside the government that's really wrong and i can't ignore it. i just want to get this data to the world. i feel like i'm made to do this and if i don't do it, then -- i don't know anybody else that can. trish: the new movie about edward snowden is opening today, oliver stone portrays nsa employee as the heroic whistle blower. the movie calls for president obama to pardon edward snowden, a new house intelligence c

intel support, dni has the lead. there you may have involvement from cyber command, from nsa, obviously, but there you're getting into a different element of what is traditionally thought of as disaster type support. so if the military is involved in trying to figure out what happens, step back and think about how the cyber attack is likely to unfold. this is one it might be put in a different box. we're not talking a bombing where you have group or groups claiming responsibility. you have forensic evidence. you can track back who it was. air strike,you can track it back to the source. the cyber event may not be a sudden event. it could be a slow burn over days or weeks leading up to something catastrophic. it may not be clear if it's a cyber event. if they did it well, it probably won't be clear. the work prepping for that event will have gone back a long time. that's the hard part now,digging through and figuring out what happened. the other point is the jumping off point for the actual final trigger of the attack

and collaboration tools from intel made rocket science simple for actual rocket scientists. and the launch crew met for a moment of reflection. before any of this, cdw orchestrated a collaboration solution using pcs with intel 6th gen core vpro processors. collaboration by intel. orchestration by cdw. narrator:kubo: est place come on, this way.e... narrator: ...is in the forest. kubo: wow. narrator: so grab your loved ones monkey: don't even. narrator: and explore a world of possibilities. kubo: it's beautiful. narrator: visit discovertheforest.org to find the closest forest or park to you. >>> very excited to talk to marcelo color a. he's the sprint ceo on squawk on the street tomorrow. anadarko and amazon are the takeaways tonight. i like to say there's always a bull market somewhere. i promise to try and find it just for you right here on "mad money." i'm jim cramer, and i will see you tomorrow. lemonis: tonight on "the profit"... patrick: hi! lemonis: the owner of an l.a. clothing company is known for his witty designs. lemonis: how much longer do you think kanye sells f

it's a home usually only see in the movies that is intel now. why as owner getting kicked out the problem city officials have with her treehouse. prepare for a tearjerking story special needs his mom was battling a van stage cancer how teams help to make this water boys dream come true. it's that time of year. joined brown's legend brett pruett tomorrow morning for monday morning running back as he breaks down today's game thousands of fans this by the excitement downtown cleveland their cans became world champions the thick of the cloud the police cruiser was heavily damaged in those celebrations wristed it right here. some local high school students are bringing the total vehicle back to life while at the same time learning some life lessons. students getting their hands dirty preparing rack to vehicles and this auto collision class cleveland's westside. any refinishing small thunder benders anything but a regular shop we took them to do here. doctor greg says his wise we're glued to the tube the cavaliers won the mba world championship back i

they raised $120 million from amazon, intel, and others.mband interprets electric signals and muscles to counteract or interact with computers hands-free. cole's place a higher more than 69,000 additional workers. the department store operator it expects most will be filled by the middle of november. several retailers and businesses have started ramping up hiring for the holiday shopping season. hire more than 70,000 people. smart is unveiling a phone app to organize travel. says it suggests , but users will not be able to book activities are restaurants from within the app store. that is your business lash update. with author of the book "money, the art of manager and hedge fund in london. as such, you have a lot of interaction with customers, clients, and colleagues who are wondering where they can make their money safely and where they can get more yield. do you believe in this starvation for yield? >> there is a real challenge for savers inking about retirement and people using rules of thumb. they want a reasonable level of income. thi

>> hope: intel thinks he's, uh, headed toward poplar bluff. >> abe: you talk to jordan? >> rafe: she has not spoken

cool. >>> intel capping off the week with gains.hip giant raising its third quarter revenue guidance to $15.6 billion from the previous $14.9 billion estimate. intel says it sees signs of improving demand in the personal computer market. >> it is indeed. at long last the day is here. the new iphone 7 and plus are available for fans around the world. our josh lipton is at the apple store in the shadows of headquarters with a look at how sales are going. how does it look? >> i can tell you that at 4:00 a.m. pacific there was already a line of folks waiting to get into the apple store behind me. we asked them why they are upgrading. here is what they had to tell us. >> i like the idea that it is much faster. it's not a function -- if it had wireless charging it made sense. it is nice. it has a better camera. >> they have all gotten to the point now where it's $35 a month through at&t or carrier or through the apple store. it is like having a car and there will be a monthly payment. i figure i might as well come in and not wait. >> appl

about a year before i started in the intel profession. i was an air force rotc cadette at otis air force base in massachusetts when i briefly met president kennedy. he had flown into the base en route to the family vacation at the family residence in hyannis port. they sent out all the rotc graduates to greet him. i ended up in the front of the rope line when he got off air force one. there were maybe a dozen right up against the rope. the president came through and shook our hands. each of my fellow cadettes gave the president his name and told him which aircraft they wanted to fly in the air force. when he got to me, i gave my name. he asked me what i wanted to do when i joined the air force. i told him, i wanted to be an intelligence officer. he paused, looked at me abit askance. he said, good, we need more like you. he continued down the rope line. i am sure president kennedy never gave that little exchange another thought. i, on the other hand, never forgot that. that's the impact our work has at the highest levels of government, som

he made a similar defense when he was at intel, that intel was kept in the dark about the european commission's with that company. there is a strong sense of dÉjÀ vu for him and perhaps people on the commission side. vonnie: are apple and ireland working together on this? are they melting completely separate defenses? >> they are fighting in the same corner. ireland want to take a $14 billion tax payment? argumenta more complex that ireland does not want to dissuade other companies from investing in the country. they are working together as far as we know. the first stage coming up is that ireland will file its appeal. it has until november 10 to do so. when the final decision is published, some things will have to be redacted before that happens for competitive reasons. apple has a set time to file its appeal. there are separate appeals for the country and company they can make independent of one another. vonnie: alex webb, thank you. you can get all of the top headlines on "bloomberg west." david: coming up, the third quarter is drawing to a close. u.s. stocks are on track to post gains. this

he wasn't getting intel briefings. so he didn't have all the information, anyway. >> i get that, but why now say this is what i said when, in fact, that's not what you said? he speaks to gloss over the howard stern thing completely. >> well, i think his feeling is that, when you look back at it, he wasn't for it. i guess, even then he really didn't even get a resounding endorsement to go. it sounded like even then he didn't feel comfortable in going. >> but it's, again, i appreciate what you said about not having the briefings. i think that is a fair point. but it's not what he felt he said. it's what he said. and it's on the record and even reaffirmed by "vanity fair" on the record. >> let's just listen to what he said. >> are you for invading iraq? >> yeah, i guess so. you know, i wish it was -- i wish the first time it was done correctly. >> okay. i mean, you can take -- coreen, how do you take it? >> i think that's the main problem with donald trump, he can't apologize or at least say i maede a mistake. i understan