of intel will likely have some explaining to do. well in tow and a couple of other tech companies have been secretly working to patch this thing but something very interesting just came out now which is the intel c.e.o. has sold his shares in november a seventeen or so as many shows as he could then came out today saying this is all perfectly normal while knowing about the security flaw for months and months so let's bring in our financial correspondent yan's quarter who's on wall street following this story for us james how did the c.e.o. of intel end up facing charges of trading on inside a knowledge. the timing certainly is a bit odd if you consider that the c o's sold his share after the company got aware of the floor spot before the news actually trickled down to the public and the s.c.c. probably will have a look at this issue but personally i cannot really imagine that it's a case of insider trading because that would really be too obvious it would be the most obvious case of insider trading ever let's talk about the company

of intel end up facing charges of trading on insider knowledge. the timing certainly is a bit odd if you consider that the c o's sold his share after the company got aware of the floor spot before the news actually trickled down to the public and the f.c.c. probably will have a look at this issue but personally i cannot really imagine that it's a case of insider trading because that would really be too obvious it would be the most obvious case of insider trading ever let's talk about the company then because these chips just everywhere what does this mean for intel well first of all for the second consecutive day the stock of intel was the biggest loser in the dow jones industrial average at a couple of scenarios are possible for example there could be charges there could be higher costs of for upgrades and then also intel could lose some market share to the competitors even if that might be not as easy as in the past if we think back to maybe ten fifteen twenty years ago when it was the big battle for example between advanced micro devices and in

very interesting just came out now which is the intel c.e.o. has sold his shares in november a seventeen or so as many shares as he could then came out today saying this is all perfectly normal while knowing about the security flaw for months and months ok this could turn out to be a real financial scandal or corporate scandal intel shares have already died overnight is this news has come out and he knew that of course when are we going to get a fix if they've been working on this for months yeah is it going to take months many more months yeah ok there are two flaws one of them is relatively easy to patch and there are already some fixes available but use a search should just sit tight and patch patch patch patch all that stuff and the other one specter is much harder to execute but also much harder to patch and it basically dissolves the boundaries between programs so even as if one application is designed perfectly and the other problem is and perfectly this bug enables the program to read out each other staton steal secrets basically this h

and other chip makers some time ago now but the news has only just surfaced intel is still hush hush about it all will be joined in a moment by someone who knows exactly why but first here's what we know so far. the intel security flaw could allow hackers to access to passwords encryption keys and other sensitive data the newly announced vulnerability could affect every processor released in one thousand nine hundred. at the moment there's no way for you to detect a breach which leaves no trace international logfile some security experts are calling it the worst flood ever found by the computer industry not least because the problem may be even bigger than initially reported. in a statement intel said recent reports that these exploits are caused by a bug or a flaw and are unique to intel products are incorrect based on the analysis to date many types of computing devices with many different vendors processors and operating systems are susceptible to these exploits. researchers who discovered the security gaps a computer is powered by a r. and a.m.d. are also affected a claim that a.

of intel face charges of trading on insider knowledge here. it's certainly an interesting timing when he sold his shares because that was obviously after the company got aware of the flaws but before the news broke out to the public i can personally not really imagine that it's a case of insider trading because that would be like the the most obvious kind of insider trading because we've seen in wall street history but that doesn't mean that the f.c.c. won't have a closer look at that and then on top of it that this see all of entailed sold all but two hundred fifty thousand office shares also does not show a lot of confidence from the c.e.o. into his own firm because those two hundred fifty thousand shares that pretty much the minimum that is c.e.o. is supposed to hold off his own company's sux. and what does this mean for intel because we're talking about chips which is just everywhere. well if we talk about the loss in general it's certainly not helpful and one of the big concerns is that maybe intel might lose market share to some of its c

intel c.e.o. brian cresent sold thirty nine million dollars in company stocks and options in november months after learning about the flaw and well before the problem was reported publicly intel says the stock sale was unrelated to the chip problem it said it planned on going public with the flaw soon and it was working in the meantime to find a fix the bug is a nightmare for the u.s. tech giant but also for consumers millions of computers and devices are affected and one basic fix for the issue the so-called kaiser patch comes with the caveat as one of its developers explains. it might have economic impact. for cloud providers because now they with the kaiser patches they might have higher energy costs. for regular customers and they will also have higher energy costs because of these patches daniel groups was among those who informed intel of the design flaw in its chips he thinks intell was right not to disclose the problem immediately. i think it's a good idea to not publicly disclose this fro

is still being hush about here's what we know so far the intel security flaw could allow hackers to obtain access to passwords encryption keys and other sensitive data the newly announced vulnerability could affect every processor released since one thousand nine hundred ninety five of the moment there's no way for users to detect a breach which leaves no trace in traditional log files some security experts are calling it the worst floor ever phone by the computer industry. this problem and a problem with the security gaps is that the processor is the core of the computer it's what the operating system runs on and that means when the processor is affected and the hacker takes advantage of that flow they have access to everything . desktops notebooks tablets smartphones they all run on intel chips and they're all affected the problem may be even bigger than initially reported in a statement intel's recent reports that these exploits are caused by a bug or a flaw and are unique to intel products are incorrect based on the analysis to date many types of computing devices with many diff

>> intel has a disclosure agreement with other companies.ince reports came out, security researchers from google made a premature exposure. it's a business model and stocks plunged, but in the end, the chips that enabled the specter attacks will eventually have to be replaced, because it's a major design flaw. patches can be released, but not every type of attack can be invented. >> we have sat here many times talking about stories related to this. it is a new year. the risks for 2018 include cyber attacks as being in the top five and it's only january 4 and were talking about this. if this -- is this the beginning of what's going to be a turbulent year? >> it is, yeah. i think it's important not to scare consumers we too much and being scared of computers would be a wrong idea, but what analysts say, don't be afraid of breaking anything, do install an update and please don't click links in emails that look suspicious. first of all, a person has to have access to your computer, and this happens by something like an outgoing link you don't tr

intel inside everything and have more intel products going to each one of those verticals. is a classic example of that. the business is a $3.2 billion business that grew 20% in 2017 and continues to grow as we proliferate the capabilities we have. not only in the cloud, but around the edge, as well. cory: what do you know about what your customers are doing in terms of their own design? it seems amazing that customers could think about designing their own chips. you have google, apple, facebook, amazon, looking at designing their own chips. i wonder what do you know about those efforts? bob: what we know about the relative importance of chips in terms of their infrastructure, we know they absolutely want us to continue to innovate and deliver more and more power, more and more performance. the criticality is extremely important for all of our customers. what they want from us is to continue to deliver higher performance. and that is what we are focused on. as long as we continue to do what we have been doing, we are confident we will continue to lead the industry and deliv

especially a problem that intel knew for six months and never it.thing about julia: there's some shares in that too. an fascinating story. here's reporter. just about a week and a half ago, consumer electronics the big gadget ceo of intel the gets on for short amount of time. serious.thing very which is not quite an apology sort of explanation of this flaw that hadity been discovered just days earlier. it was very awkward situation. the security flaw, it's the flaw in thety history of computer chip. julia: what exactly did he say that stage? this is huge. the storykind of what gets into. he didn't quite apologize, which surprising. he thanked intel's partners for standing with the company in the face of this security flaw. basically tried to change the subject. cowriter get into this is not easy subject to change. year, beginning of the intel disclosed these two vulnerabilities, one called other called melt down. -- amount to the most secure part of your computer, uncrackableught was is is crackable. it gets really technical quickly. it's the memory

intel been so quiet about this well intel has also has a disclosure agreement with other companies and because the first reports came out the security researchers from google made a premature disclosure that is actually not really i mean implicit super happy about it because it's their business model and of course their stocks plunge but in the end the chips that enable these spectra techs the harder it techs will eventually have to be replaced because it's a major design flaw the attacks can be fixed and repaired by several software updates but in the end not every type of attack can be prevented and you know we've said here many times talking about stories very similar to this it's a new year the risk assessments for twenty eight team include cyber attacks as being in the top five. it's only january fourth we're talking about this again is this going to be a year if you look in the crystal ball i mean is this just the beginning of what's going to be a very turbulent year it is yeah and that's i mean i think it's important not to scare consumers too much and to be scared to type even

intel as you pointed out all day long here.nd that's after the reports surfaced that there was a flaw that could allow bad actors and back door into a commuters's kernel, the worries is if hackers can get access to the kernel then they can access security keys, pass words, log-in details, intel is now saying that this doesn't in fact just involve it's products, saying in a statement, recent reports at these exploits are caused by a bug or a flaw and are unique to intel products are incorrect. based on the analysis to date, many types of computing devices with many different venders, processors, and operating systems are susceptible to these exploits intels, rivals, you point out, amd, sharply higher in today's trade. intel is now saying it's working with amd as well as arm holdings to resolve this issue properly so the issue appears more widespread than initially thought, answer could be here that big tech companies that rely on intel processors such as microsoft, apple, as you patches to address the problem, intel saying it's

the latest intel on spectre and meltdown chip vulnerability. the boss says fixes will be rolled at by the end of the month. live from london, that's our top story on tuesday the ninth of january. brian krzanich reassures customers there's no evidence the chip issues have been exploited as the world waits for the problem to be resolved, but how did his speech go down at ces in las vegas? we'll be getting an expert view. also in the programme — apple could be facing legal action in france, the iphone‘s under the microscope there over intentionally shortening the life span of smartphones. and the european trading day has just got under way — in london, better than expected news from morrisons bodes well for retailers. we'll tell you all you need to know. catching the copycats — we meet the woman behind a service that lets small firms track down and stop others stealing their ideas, without using expensive lawyers. and with all that new tech and latest gadgets on show at this year's ces, we want to know, what would you like technology to do for you

it is about intel, and a group of researchers discovered a major, major flaw in intel chips.so interesting about this is not the fact that we found a flaw. we find flaws in technology a lot, and in some ways that is a good thing. you are constantly trying to tighten things up, but the issue here was -- a google researcher actually discovered this flaw in intel's chips. the thing is it is in the chips used in most pcs and most devices around the world. the sheer scale of this is what makes it so phenomenal, that all of a sudden -- and also what it involves. it involves the section of a chip where you -- carol: like your passwords. your information. jim: you put your information there, and they figured out a way to access that, things like passports, security codes and that is a problem, especially a problem that intel knew for six months and never said anything about. julia: and there are whopping great share sales in that time. this is a fascinating story. here is reporter max eskin. max: ces was about a week and a half ago. the consumer electronics show, the big gadget extra

very interesting just came out now which is the intel c.e.o. has sold his shares in november a seventeen or so as many shares as he could then came out today saying this is all perfectly normal while knowing about the security flaw for months and months ok this could turn out to be a real financial scandal corporate scandal intel shares have already dived overnight is this news has come out and he knew that and of course when are we going to get a fix if they've been working on this for months yeah is it going to take months many more months yeah ok so there are two flaws one of them is relatively easy to patch and there are already some fixes available but use a search should just sit tight and patch patch patch patch all that stuff and the other one specter is much harder to execute but also much harder to patch and it basically dissolves the boundaries between programs so even as if one application is designed perfectly and the other program isn't perfectly this bug enables the program to read out each other staton steal secrets basically th

that maylaws at intel chip away at the company. julia: that is ahead on bloomberg businessweek. ♪ carol: we are here with the assistant managing editor at bloomberg businessweek jim ellis. i want to start at the business, because there is a fascinating story. we had the auto show underway in detroit. when we think of self driving, we think of the auto manufacturers, but you also have to think about the paint manufacturers. we think this technology is all about sensors and high-tech things and now some of the most ,ld-school companies around paint manufacturers are key to the new technology. it turns out that for all the sensors we are equipping newfangled cars with, autonomous vehicles need to be able to bounce off another oncoming vehicle or vehicles around and they judge the distance between them, they do -- crucial to make this work. problem is, there is a blind spot these cars -- these sensors can'tnd that his people read very well cars that are black or dark colored. carol: and there are a lot out there. james: that is it, the

-- an admission from intel.uickly could we see the fix? reporter: the reason intel is getting the most heat is because they were the first name to come out as being part of the problem or being affected, but they are also the biggest name in the chips industry. they are known as being the king of the chips world. yvonne: we'll leave it there. bloomberg tech reporter mark gurman joining us from san francisco. coming up, president trump a scathing attack on a former ally. ♪ betty: 7:30 a.m. thursday. yvonne: 30 minutes away from asia's first major market open. betty: it is nothing like the bomb cyclone we are about to be hit with in less than 24 hours here in new york. 6:30 p.m., where markets close considerably warmer for the bulls. records again in u.s. stocks. i'm betty liu here in new york. yvonne: i'm yvonne man in hong kong. you are watching "bloomberg daybreak: asia." this is first word news with courtney collins. reporter: thank you. the dollar gained after december fed minutes showed most policymakers con

will the security threat threaten intel sales? struggles to crack the smart phone market. companies like amazon, apple, and google are working on their own chips. to make matters worse -- in the six months that intel was stealthily trying to work on a fix for the flaw, the ceo sold $24 million of intel shares. the company says it is a routine sale, but that has not stopped lawmakers from investigating. the last time intel had to fix a big chip problem like this was a 1994 pentium recall. that caused into $475 million. -- that cost intel $475 million. that kind of problem might not fly with investors. emily: our bloomberg editor at large, cory johnson. well, the nyse's biggest ipo since snap made its public debut. a brazilian payments company pagseguro raised about $2.7 billion in its ipo and rose more than 4% on its first trading day. the company has made headway by selling rather than renting car processing machine, and providing an easier understanding policy for those that were not expect car payments otherwise. speaking of ipo

will the security threat threaten intel sales?ny struggles to crack the smart phone market. companies are working on their own chips. in the six months that intel was stealthily trying to work on a fix for the flaw, the ceo sold millions of shares. to fix atime intel had big chip problem like this was in 1994. that cost them $475 million. that kind of problem might not fly with investors. emily: our bloomberg editor at large, cory johnson. well, the nyse's biggest ipo since snap made its public debut. pagsegura raised about $2.7 billion in its ipo and raise -- rose more than 4% on its first trading day. of ipo's, coming up, one of the most successful public offerings of 2017, okta. this is bloomberg. ♪ emily: a stock we are watching, electronic arts, fell a little more than 2% in the session, its worst performance in a month. ea may delay the release of its highly anticipated anthem game to early next year. okta is out with its annual businesses at work report. it's an in-depth look into how organizations and people work today, ex

intel c.e.o.rian cresent sold thirty nine million dollars in company stocks and options in november months after learning about the flaw and well before the problem was reported publicly intel says the stock sale was unrelated to the chip problem it said it planned on going public with the flaw soon and it was working in the meantime to find a fix the bug is a nightmare for the u.s. tech giant but also for consumers millions of computers and devices are affected and one basic fix for the issue the so-called kaiser patch comes with the caviar as one of its developers explains. it might have economic impact. for cloud providers because now they with the kaiser patches they might have higher energy costs. also. for regular customers and they will also have higher energy costs because of these patches daniel groups was among those who informed intel of the design flaw in its chips he thinks intel was right not to disclose the problem immediately. i think it's a good idea to not publicly disclose this

from intel and other manufacturers.he systems using old computers and legacy components. apple says all of its mac and ios devices are affected by the bug. brookfield asset management is buying westinghouse. canada's biggest asset manager agrees to buy the remains of the powerhouse's u.s. business, as well as the european business. westinghouse ceo cuvee gutierrez says the deal -- jose gutierrez says the deal would streamline the company to a stronger business and expected to close in the third quarter. the california attorney general says the state is considering options after the trump administration says it is considering opening almost all coastal waters take oil drilling. they have 47 possible options of drilling rights across more than 90% of the u.s. continental shelf. that includes waters were activists have fought for decades to spare delicate ecosystems from oil spills. and a fast-moving snowstorm whipping the u.s. northeast has granted more than or thousand flights and prompted the of emergency in parts of ne

importantly, the intel ceo told cnbc intel found no instances of anybody actually taking advantage ofploit and says the company now has the right fixes in place, melissa. back to you. >> thank you very much, josh lipton pete najarian, what do you make of this? quite a spat here. >> yeah, and not totally unusual, they've had spats in the past on all kinds of different issues any time intel has a pullback like this, when i look at valuation, when i look at all the different areas, obviously the acquisitions they made over the last couple of years, i looe mid-teens, i like the direction this company is going in >> security isn't an issue >> it is an issue, it's an issue for a lot of folks out there >> it doesn't mean amd can't go up with intel bouncing this could be a chance for amd, a much smaller market player, to grab the opportunity and change the status or horizon. they were recently a $14 name, they're trading around 12 bucks right now. probably still a nice upside for amd. >> would you rather. >> it's more positive for amd than it is negative for intel. so if you're asking me to p

let us start with the story regarding intel. let us start with the story regarding intel.rly all the world's computers worldwide have been exposed to security flaws which leave them vulnerable to attacks by hackers. many smartphones and tablets are also affected by the flaw in the chips which power the devices. there are two separate security flaws, known as meltdown and spectre. meltdown affects intel chips, they're the most popular by far, and are in around 1.35 billion personal computers worldwide as well as internet servers. spectre potentially has a wider reach. it affects chips in smartphones, tablets and computers powered by intel, arm and amd. fixes are being rolled out, but some researchers have claimed they could slow down computer systems by as much as 30% but intel believes these claims are exaggerated. let's get more on this with our technology correspondent rory cellanjones. so it seems like we have a programme. one for us, two for intel. let us talk about us first, have we got a problem, how big is it? i love the fact that cyber security industry calls these

behavior of intel's chief executive officer before the revelation raises serious questions. apple says the bug affects all of its devices that means everything from i phones to apple watches is potentially open to hacking the company says it's unaware of any exploits aimed at the flaw that is specific hacking attacks it plans to release patches for operating systems and it safari browser's the bug is a nightmare for us tech giant intel but also for consumers one common patch known as kaiser devours energy and slows the fix device scrutiny is now falling on intel leadership c.e.o. brian presented sold thirty nine million dollars in company stocks and options months after learning about the flaw but well before his disclosure intel says that sale was unrelated to the chip problem the company says it had planned on going public with the bug but had been working on a fix in the meantime. turkey's economy has proven surprisingly resilient despite political uncertainty but dark clouds are gathering on the horizon let's take a look at some of the figures gross domestic product took

tech giant intel bug fix could significantly slow down the performance of p.c.'s with an intel microprocessor the tech giant is yet to release more details about the flaw which experts say could affect millions of computers around the world operating systems running on in tow chips like those by apple and microsoft must install the fix to avoid security issues but could then end up running thirty five percent slower well let's get more on this now with our financial correspondent yens quarter in new york yes we've already seen those intel shares down look at this design flaw mean for the company in the long run. there could be charges but most still fall they could lose some market share to competitors like nvidia or advanced micro devices and those two stocks they had some substantial gain seer in the trading session while the stock of intel at some point lost the most in almost two years said during the trading session by the way intel disagreed at least partially they're not saying that nothing happens but that there is but they're saying that they're processo

the latest intel on spectre and meltdown chip vulnerability — the boss says fixes will be rolled at byhe end of the month and there are no signs customer data has been put at risk. despite having its boss behind bars, samsung electronics goes from strength to strength, predicting record profits in the months ahead. we will be live at the ces show. you can see the markets are all higher. if you love tech news, you will love this programme. the boss of intel has made his first major public appearance since the security scandal that has potentially left millions — possibly billions — of machines vulnerable. called meltdown and spectre, they could allow hackers to steal sensitive data, including passwords and banking information. the uk security services say the chip vulnerabilities have not been exploited. and structurally there is nothing wrong with the hardware. it's like having doors and windows in a house — that need to be there — but that burglars are able to exploit. adding to intel's image challenges, the compa ny‘s chief executive brian krzanich sold about $24 million in intel sha

intel inside everything with more intel products going to each protocol.ss is a $3.2 billion business that grew 20% as2017 and continues to grow we parade rate the capabilities we have, not only in the cloud but around the edges. whatat do you know about some of your customers are doing in terms of their own design? amazing that customers can think about designing their own chips, and apple, facebook, google, looking at designing their own ships -- chips. what do you know about those efforts? >> we know about the relative importance of chips in terms of their infrastructure. we know they want us to continue to innovate and deliver more and more power and performance. the criticality is extremely important for all of our customers. what they want from us is continue to deliver higher performance and that is what we are focused on. as long as we continue to do what we have been doing, we are confident we will continue to lead the industry and deliver products our customers need at the performance level they need and ask for. >> 17 years ago i was down the st

tune in friday for cory's ceo --ew with intel's intel's cfo.pple is getting ready to take on amazon in the e-book business again. in 2012, the justice department sued apple over its first effort. that resulted in a $450 million fine. this time apple is working on a redesigned version. amazon has just over 83% of the e-book market in the united states. amazon is in talks to buy box.com according to a report in "the new york post." this comes as a grocery store chain kroger also showed interest in the company, known as the cosco for millennials. it would shut out kroger from getting a foot in the e-commerce space. coming up, robin hood financial is getting in on the crypto craze by launching trading for bitcoin and in syria -- and etherium. we will speak to the ceo next. this is bloomberg. ♪ emily: robin hood financial, which makes a free stock trading at, is launching trading for ethereum an bitcoin next month. by thejoined now cofounder and co-ceo of robin hood financial. thank you so much for joining us. how challenging was it getting this off

all the chips in the industry, that is fantastic news for intel.mily: what are they saying about the chip flaw? >> the chip flaw really didn't get public until the beginning of this quarter, so it is not a surprise there was no impact in q4. even looking forward, obviously this is an industrywide issue. intel is working hard to fix it. i think in the long run they are going to be ok. short-term there could be some issues, as you mentioned. there are some performance issues they are dealing with but they are getting better. and intel owns a huge part of , the data center market. not quite all of it, but the vast majority. cory johnson: only 90%. emily: do you agree with will not see a big impact from this in the ensuing quarter? bob: sure. i think it is a big deal. cory johnson: one of our producers produced this. great package about the security flaw. how many companies today are developing their own processors? it is an amazing notion, unimaginable 10 years ago, that google, apple, facebook, and amazon web services, four of the largest data center

i am talking about these microchips from intel. advanced microchips from intel. it has been reported that there is a serious flaw which could let hackers steal data unless you update the operating systems for your computer ‘s. i'm joined now by my colleague. what is the problem? when you read that news it is quite worrying. i called on behalf of you to find out exactly what is wrong and to find out they don't know which chip is affected and what device. it has been revealed that intel knew about this a while ago and they were going to... they have been working on a fix and would announce it next week along with other industry years. they insist it is notjust intel but others as well. they have been working on a fix and they say it is not a design flaw did it all it ta kes not a design flaw did it all it takes is a system update. there have been reports that the update may slow your computer down and intel denies that. there has been a pr nightmare, regardless of what the details are, the advice from experts is that as soon as the update is released next week, upd

we must mention intel of course.ts by security experts that a feature in its chips has left most computers made over the past decade vulnerable to hacking. the news sent intel shares down sharply in new york. but intel says the vulnerability is not limited to its products and denies it is a flaw or a bug. it says it is working on an industry—wide approach to resolve the issue — and in the meantime users should make sure their software is up—to—date. go to your operating system provider or your manufacturer, ask for the latest software update and use it. they say that, you know, there were reports that this could cause some systems to close down. intel says that that should not happen. it depends on how much you use your computer, what you use on your computer, what you use on your computer, but it should not slow your system down. essentially we are asking you to find your latest update and download it. the price of oil has continued to rise in asian trade. prices are now at levels not seen since the start of the com

they are in a scramble mode or intel was forced to come out and say it was not just us.ave all ofo not these fixes in place and we do not know the impact on computers. emily: are there any legal issues? ian: nobody has said anything yet but this is the kind of thing that class-action lawsuits are designed for. may look at this and say, hold on, you have one or two companies who everything depends upon, why are we giving them so much power and so much influence and the potential to damage? emily: talking about almost every computer, smartphone, and server, what are the impacts? what does this fall mean? -- flaw mean? ian: no reports that anybody has exploited this vulnerability. it,eople did not know about maybe they were working on it and maybe now they know about it, they are working on it here so far is the important thing. if you have a computer at home, you have areas on the computer where passwords are stored, where encryption keys are stored, in a normal course of events, programs you use do not have access to that data. allows, ine of chips theory, access to the d

wells fargo is a great situation if the fed keeps raising it's really only intel that's down and intelbrian krzanich just sold that $25 million. but that was a sell plan put in place october 30th it's a suboptimal optic. in retrospect, i thought brian was very good on tv. but it's advance micro that's -- dr. seuss should come on the show tonight >> intel is dragging the dow only a handful of components of the red. but intel's the loser among them for the second day in a row. >> but look at these cloud stocks they were just -- adobe. we thought adobe was a way you made homes in ancient times. adobe is now on fire this is amazing. it's amazing you see the restart of the cloud names because they had been terrible in the fourth quarter. terrible i mean, this is a new series of stocks that people are going into and i think a lot of people are repositioning and they're going into stuff that they had really forgotten. at the same time, there will be people who say, listen, i've got to take profits, because we just crossed a dow milestone. there are always people who come out and say it they'v

and shep d shepards fisa intel -- i suppose they could all be coincidences. the stakes are nothing less than understanding the extent and degree of the russia question. >> the greatest foreign policy, national security scandal, of our lifetimes, maybe the history of the country. look, i raised this question this morning, i was not, perhaps, as precise in raising it as i might have been. you don't have to think devin nunes is a russian agent to think there's a possibility he's been compromised by the russians. talk to people in national security circles, intelligence circles, former fbi agents, they don't much suggest he's on the payroll of the kremlin as the possibility that he's a useful idiot and a dupe who is doing the kremlin's business in how he's prosecuting this case. i asked the question of a couple of democratic congresspeople who all said, well, we don't want to ascribe motivation to him in sort of i hope not, one democratic senator, one democratic congressman. no one laughed me out of the room. no one said it was absurd to suggest that. the reality

security researchers discovered the problem some time ago but the news has only just surfaced and intel in still hush hush about it here's what we know so far . the intel security flaw could allow hackers to obtain access to passwords encryption keys and other sensitive data the newly announced vulnerability could affect every processor released since one thousand nine hundred. at the moment there's no way for users to detect a breach which leaves no trace in traditional log files some security experts are calling it the worst flood ever found by the computer industry not least because the problem may be even bigger than initially reported. in a statement intel said recent reports that these exploits are caused by a bug or a flaw and are unique to intel products are incorrect based on the analysis to date many types of computing devices with many different vendors processors and operating systems are susceptible to these exploits. researchers who discovered the security gaps a computer is powered by a r. and a.m.d. are also affected a claim that a.m.d. has denied software updates will b

fallout continues from the intel chip saga.ompany says it is working with hardware makers and operating systems on the issue and will design future chips to avoid this problem. tech giants like microsoft, google, and amazon say they have issued updates for their cloud and software systems. we are still waiting to hear from apple on this flaw. we reached out for comment from apple. joining us now is brian white and bob o'donnell. bob, as you say, this story has more nuanced than intel did not tell us something. how so? >> what we are talking about is a future, feature that has been a processes for over 10 years and nobody discovered it until now and it is used in intel, arm , amd designs, and arm licenses to apple, qualcomm, everybody is impacted. what i find fascinating about this whole story is that i was brought in a couple of weeks ago by the companies to get a sense, because they knew it was a big deal, and in 20 years as an industry analyst, i have never seen companies come together in three a briefing to talk about the is

such as intel for about a decade. embedded for many tablets,oss tons of gaming consoles. biggest companies like amazon and google. amazon says it is patching the issue and it doesn't affect consumer and business consumer customers. they have already released a security update for android phones. intel, which is really at the heart of the issue, they confirmed it has a next point. microsoft are working to look into the consumer devices. they are grappling with vulnerabilities and chips and a whitening crisis. let's could you up-to-date with the latest is this flash headlines. the possibilities include the pallet operation. it used to generate $107 million in annual profit that has been closed for two years. stocks of more than doubled. the securities rose about 125% in early trading, just shy of the 132% gains for the whole of last year. the further vindication that the -- boeing is just seeking control by offering brazil safeguard. the businesses without compromising it. flexibility, and how they have the more hawkish

at intel headquarters in santa clara, california it's 11:00 a.m. on wall street and "squawk alley" is live ♪ life's too short passing by s if i'm going to go at all, go big or go home ♪ ♪ go big or go home ♪ go big or go home ♪ go big or go home ♪ go big or go home >>> good friday morning. welcome to "squawk alley." i'm carl quintanilla with jon fortt and here at post nine. record highs on the dow and s&p this morning all major averages having best month coming as the president addresses the economic forum in davos sw davos switzerland yesterday declaring america is open for business sat down with our joe kernen for more we'll turn to michelle caruso-cabrera in davos this morning. hey, michelle. >> reporter: hey, carl, president trump on a full court press to convince investors around the world to invest in the united states. trump reiterated how pleased he is about the corporate tax cut, what it does for american competitiveness and how it's leading to bonuses for workers as a result. >> i think that the tax plan has been even better than we thoug

intel slumping after admitting chips are vulnerable to hackers.ocks linked to the company are coming under pressure. investors weigh news that something called a "design exploit" can access privileged information. fromopeland joins me live taipei. what do we know? tim: the key issue really is there are a few vulnerabilities in basically every intel chip made in the last decade, according to -- to the register. intel has admitted it does exist, but say they are not the only ones with these flaws. their big rival has said we have one of the flaws, but not all of the flaws. at this stage, there is a lot of uncertainty about what exactly -- how bad it is. essentially, the floor comes down to the way they design quicker.make them they preempt what processes it needs to know and by exploiting that process or design, in theory, a external hacker could get sensitive data such as a password. is pretty issa tarik and him skier, but someone with the right skills might be able to butore that -- obscure, someone with the right skills might be up to explore tha

are vulnerable to hackers intel knew about the falls long ago and the behavior of intel's chief executivecer before the revelation raises serious questions. apple says the bug affects all of its devices that means everything from i phones to apple watches is potentially open to hacking the company says it's unaware of any exploits aimed at the flaw that is specific hacking attacks it plans to release patches for operating systems and its safari browser's the bug is a nightmare for us tech giant intel but also for consumers one common patch known as kaiser devours energy and slows the fix device scrutiny is now falling on intel leadership c.e.o. brian presented sold thirty nine million dollars in company stocks and options months after learning about the flaw but well before its disclosure intel says that sale was unrelated to the chip problem the company says it had planned on going public with the bug but had been working on a fix in the meantime. i'll have a full fifteen minutes of news for you next hour sir thank you so much ben i'm going to turn to another story now because after more