small cyber threat intel team made up of analysts, not i.t. or forensics people. intel people. that is the key. they think differently. that is important to consider with the intel capability. have a small team of penetration testers and cyber threat hunters and friends six and i am able to have testers to imitate an attacker against the system and that proves the resilience of the system and also, working with the 24/7 monitoring can show you if you have the right disability and triggers in place. you can provide the same information to the threat hunters and sweep the environment to identify if the threat actor has been in your environment before. defensive depth is important. threat based model, it changes the aspect of the program. if you have good intel on specific ttt's that you need your staff to know, you can get that into your training and awareness program to emphasize if you are doing fishing exercises, you can raise awareness the right way and it changes the dynamic of the entire program. we have been there for eight months and we are getting this model off the grou

and when i hear threat intel, i think it's important to define the difference between threat intel andhreat data because i think sometimes they get intertwined in their definitions. to me, threat intel, it's actionable. it's timely. it's consumable. and we can move on it right away and reduce our risk and/or hopefully prevent attacks. one such attack occurred back in i believe it was 2016. there was an fbi notice that went out to certain local elected officials, not state officials but local officials, about a particular ransomware attack. and we witnessed firsthand the difference that threat intel can make that is actionable, timely, and targeted. going back a few years before, as you all may remember, the city of ferguson was under siege. we had civil unrest that occurred for a period of months, and the state of missouri was right in the mix. and the threat intel that we were able to gain through our critical partners from the fbi, dhs, and others, it was -- it's what kept us going. it's what kept us breathing and operational. so the threat intel has been vital to the key of our succ

team made up of intel analysts.ot i.t. people, not forensics people, intel people. that's really the key. intel folks think differently an i.t. folks. that is an important aspect to consider with the intel capability. i have a small team of hunters and forensics. now i am able to say pin testers imitate atpx or cyber criminal x against this high value system. and, you know, that not only proves the resilience of that specific system, it also, working with the 24/7 monitoring, can show you if the sock has that right visibility and triggers in place. you can provide the same information to the threat hunters. so, again, defense in depth very important. but in sufficient by itself. threat-based model changes the aspect of the entire program. and then if you do have goodin tell on specific ttps that you need your staff to know, you can get into your training and awareness program to really emphasize if you're doing fishing exercises. you can theme those the right way to raise the awareness the right way. again, it chang

so was intel's. the previous ceo got that going and came in a short time, $10 billion business for intel. maybe this distraction for intel give you guys a leg up? >> we have had great relationship with intel over the course of last ten years, intel's relationship is multifaceted. we are a supplier to them, ecosystem player in terms of driving demand and designs for memory as well as more storage. yesterday now we talked about we have been engaged in discussions with them over the future 3-d cross point. a unique technology that lies between them and engage with them in terms of future collaboration terms and we want to make sure that for micron we drive strong and we mentioned the earnings call that basically stay tuned as you our discussions progress as appropriate we love data investors. we continue to look forward to work with the team there. liz: i have to ask you if you modeled for the cloud on the horizon and that is july 6, when the trade tariffs kick in. chinese products here will be taxed an

intel's brian krzanich is out.wk on the street" is back after this dow is below 100 at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >>> 103 in less than a decade. olivgaene rd up. we'll get stock trading in a minute starting a business is expensive. that's why many entrepreneurs rely on their own personal property, like their car or home computer, to help them do their work. but they might not know that those items may need special insurance to protect against costly damage, theft, or liability on the job. trusted choice independent insurance agents represent multiple insurance companies and customize coverage so business owners can focus on business. announcer: to find an agent, visit trustedchoice.com anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep ra

intel see your bright. started a company started learned he had a relationship with an intel and. a study by the international charity oxfam shows the biggest retailer the biggest cat out of partners. i don't know what come to your business. funny but sure in berlin very nice to have you with us american tariffs are searing up the delicate balance world order countries are scrambling to find the right position to take given to us demands or punish america with counter tariffs though many are opting for the second choice today was all about anti-terrorist activity. leading the charge against trump's tariffs the e.u. blocks trade commission. on a visit to new zealand but it wasn't a holiday from tariff talk making clear the e.u. was not budging from its threat of countermeasures on american products the use tariffs come into effect on friday despite trade fears. it could escalate. to a full trade war which would be bad for the whole world because we are so new zealanders and we are so into linked in the global economies also in the chinese and in the u.s. and with the global value c

he left intel. i blanked on that.t a second he's gone. >> big story today let's get to the "half." ♪ >>> welcome to "halftime report". i'm scott wapner top trade tech take off why that sector keeps surging and is it enough to keep the rallyntact. erin brown is here and katie stockton is here, the founder of fair lead strategies also with us from minneapolis is one pe pete the nasdaq is down a rare

to get into the intel's home, turf. that's not the actions of somebody that feels a lot of loyalty and affection, at least for the current leadership of intel. would she be on the list? we'll have to see. mean, if they're open about diversity, if they're open thet, you know, looking at candidates who might make the most sense, she would certainly somebody they should put on their list. >> what would you like to see, challenges intel has ahead, given the consolidation in the industry, this chip design flaw they're still trying to get there? >> i thought they brought in a world-class c.f.o. in bob swan. i would like to see them go externally. a tremendous opportunity as an investor in intel. the company obviously has very today, which i think will continue. they are struggling, though. they're struggling with their manufacturing execution. at times they've looked wasteful in terms of who they bought and how much they spent. if you bring in the right executive with a good track record, i think there's a really forendous op

employee, which is a violation of intel policy.rzanich moved up the ranks at intel over more than three decades, becoming ceo in 2013. he oversaw the company through an era of intense consolidation and competition in the industry, but he leaves much unfinished. he was in the middle of trying to make intel into a more general provider of chips and navigating the company through a massive chip design flaw. ian, you probably know more about intel than any other journalist in the world. hat happened here? ian: this is obviously shocking. this happened all of a sudden, and we're still looking into exactly what happened, what kind of relationship there was. this is very much an ongoing process. the company is trying to draw a line under this and move on, but i don't think they will be allowed to let that happen. and you have written about yourself, this kind of behavior is no longer something that just gets wet and at the table, and this won't be. emily: actually, brian krzanich was out there talking about equal rights, advocate of the m

james was originally the number two at intel. the ceo of ampere computing. diane bryant is diane greene's number two right now after leaving intel less than a year ago. all that brings me to pat gelsinger. he's interesting not only because he was a cto at intel. he's also running vmware for the past five years building a leadership bench which intel needs. he's an executive. and grappling with cloud and ai challenges intel also faces. intel's got a strong culture needs somebody who gets that but can also pull ahead. we'll see who the board at intel either pulls in or brings up >> you picked four women to look at and one man are you trying to tell us something? >> yes seems to be a lot of qualifies women out there. >> it is a great thing i wonder if you think there's intelligence on which way they may go. >> no. i was compiling my list. former intelers who have technology experience who are well known, hands-on executives and happened to come up with a bunch of women which, hey, kind of cool >> it's also worth noting shares of int

a shakeup at intel, the ceo is out. the chipmaker reveals he had a consensual relationship with an employee, a violation of company policy. first, to our top story. u.s. lawmakers push back against president trump's attempt to save a chinese telecom maker. senators passed a bill to restore penalties, cutting off chips and to the components it needs to build smartphones and network equipment. senator chris van hollen spoke to bloomberg to explain why lawmakers moved to pass what could be a death sentence for zte. >> zte poses a national security threat to the united states through their telecommunications network. on top of that, they violated u.s. sanctions multiple times, flagrantly. they tried to cover it up, so there is no reason to let them off the hook. emily: but president trump is not backing down, here is wilbur ross, speaking on bloomberg television thursday, saying there might be a compromise, but the government will take action if violations continue. >> we have taken over $2 billion in fines. for the first t

intel's home turf.s not the actions of someone that feels a lot of loyalty and affection, at least for the current leadership of intel. would she be on the list? we will have to see. if they are open about diversity, open about looking at the candidates who might make the most sense, she would certainly be someone they should put on their list. emily: romit, what would you like to see, given the challenges intel has ahead, given the consolidation of the industry, the competition. this design flaw they are still trying to get through. >> i thought they brought in a world-class cfo in bob swan, and i would like to see them go externally. there's a tremendous opportunity as an investor in intel. the company obviously has very good momentum today which i think will continue. they are struggling, though, struggling with manufacturing execution. m&a has looked at times wasteful. if you in terms of who they brought. if you bring in the right executive with a good track record, i think there is a tremendous opp

huge news in intel ceo.ing us on the phone is global head of technology infrastructure at new street research. theprice target, $70 on intel shares, one of the highest on the street. talk to us about the krzanichions of losing as the ceo. he has contributed a lot in terms of diversifying the business. he has taken the company into new business segments, like mobile and the car industry. and from the memory business as well. this has been defined a lot as the head of the company, and this is the hiring of botswana a couple of shares ago. brian living this spot currently, we have to keep moving forward in the transformation. i think two things are important, like the diversity should get some praise, so hopefully something like an outsider could be the next ceo of the company. that would be a very important relationship for intel. and on the diversification front, what i would say is brian has built a lot, and for his successor, it will be time to stop thinking about rationalizing this and concentrating on the

he left intel. i blanked on that. wait a second he's gone. >> big story today let's get to the "half." ♪ >>> welcome to "halftime report". i'm scott wapner top trade tech take off why that sector keeps surging and is it enough to keep the rallyntact. erin brown is here and katie stockton is here, the founder of fair lead strategies also with us from minneapolis is one pe pete the nasdaq is down a rare selloff for tech. i thought this was a really interesting stat today from our friends. there's been two periods since 1971 where the dow jones industrials average was down seven days in a row and nasdaq was up over 1% dow down 3% over to last eight days nasdaq is up 1%. >> we have to think what the fundamental drivers are behind that typically the reason why they are somewhat correlated with one another they are both driven by u.s. domestic growth today what's driving and the nasdaq has continued good growth here in the u.s. on the domestic shores but concerns about increasing trade tension which is really weighing on th

he was previously cto of intel. scandal is corporate america's biggest me too movement yet. she has written all about it. welcome. suddenly, an executive having an affair with somebody at the company is nothing new, but does this job a -- draw a new line in what is acceptable? >> you are right, this is not new for corporate executives. the office romance is kind of an american institution. bill gates famously dated and married an employee. but the scrutiny now is on everyone, including in corporate america, in this post me to movement, and everybody's behavior has to be above reproach. their board had no choice, there was a policy that managers could not date subordinates and if you are the ceo, basically everybody is a subordinate, so i assume he knew those rules. emily: thinking about the names that have been thrown out, rene james, the former intel president who actually pitched with b.k., as he is called, they pitched together to become ceo and president, also stacy smith, who worked at intel for many years and

bk has been with intel for a long time.'m sure he will be a very valuable executive at another cleany but intel is very and very transparent and very aboveboard. i expect nothing less from intel and a perspective. i'm sure he to bk, can champion the transformation of other companies quite effectively. vonnie: can you think of any that need him? >> not off the top of my head but there are a few. vonnie: we don't know all of the details just yet. thanks so much. let's move on to the latest story -- the supreme court decision on collecting internet sales taxes. it has been impacting the retailers, the online retailers as well as the traditional brick and mortar retailers. we have been covering this story over the last few years. this was a 1992 decision that has been overturned. that case said you need a physical presence in a state in order for the state to collect tax. these websites like amazon and ebay, they have been able in the past to say that we are not located in your state. we may be selling in your state but because

upheaval at intel.n krzanich was removed after learning of a previous consensual relationship he had with an employee, a violation of the these policies. he took become a to record performance levels. but it is reeling from one of the largest me to moments in corporate america. my own personal views are about this -- take us through the details. guest: intel said that this morning that the board was notified presumably recently that ryan krzanich, the ceo 2013, had had at some point in the past a consensual relationship. intel employee. and this violated the policy that intel had of non-fraternization. people cannot have relationships with those who are under or below them in the employee ranks. and so, they asked for the ceos resignation. scarlet: and as ceo, presumably he was familiar with the policies. i checked it out in terms of our policies. any employees involved in a personal relationship with each other are prohibited from being in a direct reporting oformation or in the chain command of one an

jens: not a pleasant day for intel. he actually has done a pretty good job the past couple of years transforming intel away from the pc business and more to semiconductors for smartphones and video games and other areas. he did start with the firm in 1982, and he became ceo five years ago. the stock of intel lost a good 2% in the thursday session, and intel was the second biggest loser in the dow jones industrial average. there is talk that they have a pretty strong line of possible people filling in the position, but as i said, he did a pretty good job in the past couple of years, and that is why investors, at least for now, showed a negative reaction. fanny: jens korte in new york, thank you so much. all it, back to brent for all the latest world cup drama. brent: time for the latest now on the world cup. chris harrington joins us from the sports desk. craig -- chris. chris: almost friday. brent: argentina face croatia. how did that go? chris: they feel to check that off in this match against croatia. take a look at t

intel said to me they had said all they had to say right now.nuing to try to get more information >> is the acting ceo, the cfo in the running to become the permanent ceo? >> he's a relatively new cfo he's only been in the cfo seat for roughly three quarters, i believe, three quarters to a year his predecessor, stacy smith, is one who would have been considered, i believe, but instead of taking another high-ranking position at intel, he left intel when he -- when his pred sos sorecessor was nams cfo. when brian krzanich came in, he came in with renee james, who was another well respected gineer she came in as president it was sfoes spoesupposed to be one deal she left >> how many ceos in silicon valley are a little nervous at the moment >> you know -- >> she asked rhetorically. >> maybe a lot this is one i personally having talked to krzanich quite a few times could not have seen coming but you never know >> thank you, john jon fortt. >>> coming up, at&t launching a new skinny bundle. your next guest says that's nice for consumers but won't do m

they downgraded intel. great call by dan nathan saying, you've enjoyed -- he looked at me and said you've enjoyed this run in amd. the stock was trading north of 16.5. look at what it did today. maybe all these chip names got ahead of their skis. i don't think it's necessarily all that -- it's good but i don't think it's devastating by any means. >>> coming up, the financials are inching towards correction territory and they could face an even bigger hurdle next week. we will explain. ♪ >>> announcer: bitcoin says there's bubbles brewing in parts of the crypto market. and he'll tell us what that is. >>> plus, as burrito giant chipotle introduced new items, it faces its toughest test, guy adami and that's when "fast money" returns. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> welcome back to "fast money." we've got a news alert. the federal reserve releasing the first part of its a

intel's ceo resigns after mixing business with pleasure, and shares fall. >>> modern medicine. a different kind of prescription to control diabetes. those stories ande mtonight f"nightly business report thursday, june 21st. >>> good evening. i'm contessa brewer in tonight for sue herera. hi contessa, i'm tyler mathisen in for bill griffeth coming to you from new york city. > there was a big today from thehe h court, but also a big day on wall street. trade tensions linger after the u.s. merit secretary said more pain was needed. >> what we have to do is create an environment where it's morei l for these parties that have these huge trade barriers, both tariff and nontariff. got to make it more painful for them to keep thor barriers g th rid of them. that's a lot of what all this exercise is about. >> that dragged investor sentiment lower and pushed the blue chip dow index down for the eighth straight session. that's the longest losing streak since yerch of last . the selling was broad, hitting everything from industrials to techshares. the dow jones industrial average off 196 p

of bomb shell announcement shaking up silicon valley intel a c.e.o. brian knight is out here resigned unexpectedly after the company said it learned that he had a consensual past relationship with an intel employee that violated the company's known fraternization policy which applies to all managers products joint entirely nine hundred eighty two as an engineer chief financial officer robert l. take over for the time being the company would launch an extensive search for a permanent replacement. let's get more on this from our financial correspondent to new york and squat to the u.s. has its very own policy when it comes to a relationship that's work is corporate policy all about war also or what is driving decisions like this one. well there's a bit more behind than just moral issues there is a pretty clear policy at a lot of u.s. corporations that managers are not supposed to have relationships with employees who report directly or indirectly to them so obviously the company is one to avoid that decisions might be influenced or old soul that some of

business insider asks who should be intel's next ceo.s in high technology. 0n the ft, china to make ecommerce groups accountable for fake goods. it hopes the move will boost confidence in the country's $1 trillion ecommerce market, which has been plagued by the sale of fake or substandard products. and don't forget — let's us know what you are spotting online — use the hashtag #bbcthebriefing. before we go, a look at the markets. and all of the asian markets down to a six—month low over the fears of a trade war. many other countries are chipping away at corporate profits, as well. 0il chipping away at corporate profits, as well. oil prices a bit choppy ahead of the opec meeting. the hang seng is at a six—month low having lost 3.9%. —— seng is at a six—month low having lost 3.9%. -- 3.9% seng is at a six—month low having lost 3.9%. —— 3.9% so far this week. stay with us here on bbc news. up next newsbriefing — we'll take you through the stories making headlines in the global media today. backin back ina back in a moment. hampshire police

intel where the industry is really changing.ry successful in trying to transition into new industries, like self driving cars, revenue drivers of the future. shery: intel is in a new position. they raise their second quarter revenue and profits forecasts. the news onampen losing the ceo. the company is doing well. it is growing. there are a lot of competitors on the horizon. it is ner a good time for any company to lose their ceo ken david: intel has never gone outside before. while they got said this time? >> they might have to consider that. because the industry is changing , gaming is a huge source for chipmakers at this point, and it might be an interesting move and an unexpected one for a company that has always trained people up from middle management. shery: thank you so much. german carmaker dimer is our stock of -- daimler is our stock of the hour. what happened? >> daimler cut its profit outlook and blamed that on escalating trade sessions between the u.s. and china. it's the first major company coming out with a profi

it says intel faces big challenges as he exits after a third...d only have them on social media if we had a pre—existing relationship before him," but how can you not hang out with co—workers? isn't it part and parcel of this place, working in the city, within your company, socialising with people? yes. and, asi socialising with people? yes. and, as i say, i think it is about whether there are direct reporting lines and whether you are maintaining that in a proper, professional way. lucy, maintaining that in a proper, professionalway. lucy, thank maintaining that in a proper, professional way. lucy, thank you for coming in. good to see you all. thanks for watching us on business live this morning. there will be more business news throughout the day on the bbc live webpage and on world business report. we'll see you again tomorrow. actually, no, we won't! tomorrow saturday. we'll see you on monday! good morning. another sunny day for most parts of the uk but the uv levels are very high today, the highest they get here in the uk. it will be warm as

intel down 2% on the news.nk you very much for joining us we'll see you later when we get the stress test results. >> you got it. >> in 20 minute's time supreme court blew a deal to internet retailers, but there was a damper put on brick and mortar celebrations. >>> i don't think this is going to somehow stop the amazon juggernaut from proceeding wt is>>hath decision means for states, for retailers, and consumers when we come right back or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. yourbut as you get older,thing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in

you're at the top end of the food chain of the intel feed. >> so taking some intel, and a lot of thepeakers before today were talking about critical elements. number one is there is a whole lot of intelligence at the federal department. it's an agency level that can be used. just as importantly, in some cases more importantly, there is open source intelligence. you can't discount it. you have to have it to be a part of your picture. so i think that we've got to do is get critical infrastructure, asset owners, particularly those discussed earlier, health care sector, to understand there is this information out there that they can use for their cyber defense teams to better prepare them to not just respond when you have a bad day but also to prepare your defenses for what could happen. the earlier speaker was talking about getting left of boom and understanding what is possible out there. and if you know what is out there and what the folks are doing, you can better prepare for it by looking at what they do, what their motivations are and sort of how does that line up with your risk. a

intel and -- intel and texas instruments, they need access to the chinese market. this -- if this escalates further and china responds, market access will become an issue in it could have a significant effect. emily: so at this point, is the chip industry more of a bargaining chip? pun intended. [laughter] romit: look, china needs u.s. semi conductors and the u.s. government knows it. china consumed almost $150 billion in semiconductors last year, and of that they only produced about 10 billion or 20 billion, so they had a trade deficit last year of $130 billion in semiconductors, most of which is u.s. related. this is a country that has a 2025 plan to be a leader in 5g, in artificial intelligence, and autonomous driving, and there is no way they can do it without intel, and the deposition tools from applied materials. so i think that china will ultimately have to work with the u.s. to reach an agreement. and you know, this uncertainty we are facing is probably temporary. i think in the short-term you have an industry that is seeing strong fundamentals across most

what is the identity of intel going forward?you wrote, when it comes to looking for successors. outside, and he also pushed out insiders, veterans who would be in a prime position to take over. stacy smith,ike renee james, competitors for the -- for the topbe job. but they aren't there anymore. and a number of people below that level, like dan bryant. people really doing well for the company. they would also be the natural successors or standins. kinget: bloombergs ian joining us from san francisco. coming up, our exclusive interview with martha stewart. why she decides not to take sides. ♪ sides. ♪ leaders meet in scenes that would have been unimaginable months ago. trump says the meeting was fantastic, a historic document at the time. lisa: this is bloomberg markets. scarlet: martha stewart is one of america's most high profile business women with a significant comeback story. she sat for an exclusive fireside chat at the bloomberg takeaway summit where e discussed her political stance in today's climate. i think, you have to

intel is in the second-year of that trajectory.rades at about 14 times earnings the catalyst is mobileye the appalachinalyst can have hi opinion. he can say mobileye is further out. i don't think so in terms of what the stock market is valuing is autonomous vehicles, which definitely applies to mobileye. i don't see how you get negative on the stock what about the simplest theme that you can get more out of amd than you will get from intel >> i say this ra tore icale retn times have we said that in 20 years? >> ed, let me wrap it up with you. tech overvalued does it continue to work >> i think the global economy may be slowing down, but it's still growing. commodity prices are still hanging in there i like the price of oil may have made a top and may go sideways for a while. i think cyclicals continue to do well i like tech. i like industrials i like the financials. at some point here, once interest rates stop climbing, which could be within the next 6 to 12 months, i think the financials could do well >> all right 3100 it will be

intel is evolving. >> absolutely. >> they're not dude, you got a dell there's more to it you think intels a good cloud replate elated play >> absolutely. if you buy a server, it will have intel in it micron is the other one. >> micron, intel, still like apple. great call on twitter. thank you very much. eric ross, casend securities >>> kate rogers has the other individual stock stories >> facebook's public relations chief is stepping down, he has led facebook's response to scandals involving data privacy and election meddling. he's the third high-level executive set to leave the company this year. >>> adobe system's second quarter and earnings beat forecast results were driven by strength from the digital media business which includes the creative cloud software, but shares are down today as adobe expects third quarter revenue to fall in line with estimates. >>> h & m reported second quarter revenue that missed forecast they continue to be hurt by discounts eating away at sales as they try to reduce a record level of inventory back over to you >> kate rogers, thank you. >>> we are just g

until intel committee chairman devin nunes with us in just a second. it will make your blood boil. naturally, this all surrounds the mainstream media. of course they are blinded by the hatred for president trump. but literally this coverage, b this pathology has gotten so out of control and we are asking the question tonight, are they rooting for america to fail? a less prosperous america? a less peaceful world? what is wrong with these people? we are going to show you the worst of the worst. sit tight, buckle up, it's time for tonight's very important breaking news singapore opening monologue. ♪ it's 9:00 a.m. in singapore at 9:00 p.m. in the nation's capital. in less than 20 hours, the doj's watchdog is scheduled to release this all-important ig report. 18 months we have been waiting. as we speak, we have a team of experts lined up that will be ine by line, ae00-plus pages in will break it all down, i promise, as soon as we get also tonight, pressure from rod rosenstein and other obstructionist bureaucrats in the doj, this impending report should shed a critical l on what were th

intel learned that he was involved in a consensual relationship with an intel employee but that violated policy for managers. the manager had been ceo for over five years, been with the company for 36 years straight out of college. during his tenure as ceo, intel stock has more than doubled in value. chief financial officer bob swan becomes the interim ceo for intel. investors not too happy about this news. intel shares are down about 2% in the early going. >>> better news on the u.s. economy. jobless claims fell for the fourth straight week. the labor department says initial claims fell to 218,000, falling 3,000. the dow is working with its longest losing streak in over a year! it's down another 87 points. the nasdaq after finishing at a record high yesterday down 4 points. the s&p also down by 4 points. back to you. >> thank you. >>> bay area housing prices continue to climb. but the santa clara board of supervisors is approving a new $25 million loan program. it will help new first time home buyers with down payments. the program is expected to assist 200 people by providing deferred

in a statement, intel says he had a past consensual relationship with another intel worker, and that is a violation of company policy which forbids managers from fraternizing with employees. he joined the company back in 1982. >>> in san francisco tonight, police will hold a community meeting to update neighbors on a violent incident in niue valley earlier this month. a mom attacked while holding her baby . it happened at the intersection of 28th and sanchez on june 3. the suspect is still on the loose. the meeting will start tonight at 6:30 pm. >>> there is a timeline from the board of supervisors president to mayor of san francisco. she says she plans to resign from her duties on the board next week. she will remain board president through the board meeting next tuesday and after that supervisors will elect their next president. she is set to be sworn in as the next mayor on july 11. >>> the bay area is gearing up for the big pride parade on sunday. the festivities kicking off today with the media day and a number of other parties in the city tonight. the theme this year is generat

when we first started, we would send threat reports and intel reports and indicators to clients.he first question that we would get is, okay, this is great. now what do i do with it? you know, should i resign? should i jump out the window? and the industry has come a long way since then. but one of the things that we're seeing now is we're getting much more mature from a threat intelligence perspective. we're being able to curate indicators and provide better context. but the key thing is once you get that data, what do you actually do with it? a lot of the breaches that we look at, our clients have the who's who set of tools. but the problem is the tools aren't tuned to the threats of today. and so i think that, you know, in my mind, the key question to ask is based upon the intelligence, how do you operationalize that within your enterprise? make sure your sim is tuned to detect and prioritize the threat, but also to be able to tune your sensors, whether it's your in-point security tools, to be able to actually operationalize and pop the flag around these high-priority events.

i have the response in my hands right now from devin's intel committee. what it's talking about is the time period before the trump russia collusion investigation was launched. there are suggestions that in fact, there was possibly you in contact, possibly informants. your reaction? >> well, it's deeply concerning. we, of course, in our investigation is disturbed by the connection between these two investigations. the same characters are being involved. the way they gave special treatment to hillary clinton and as you say the questions have risen about how they looked into the trump campaign and used informants. a lot of questions that are answered. they launched a new investigation into the second matter. that will take a long time and we are conducting that investigation. are you expecting strzok to get immunity and take the fifth. >> i'm expecting honest forthright answers. he said he would be voluntarily appearing before congress. he wants to tell his story and we would like to hear it. if he's trying to say he's a victim we have a lot of questions ab

you can find stocks there that most of us really like like intel. and you can find stocks that steve and i will fight about whether it's caterpillar or whatever the point being is this is a market that may not be going anywhere but you can find bargains and overpriced stocks. this is a stock pickers market >> unfortunately the stocks that have been working this year are not the underpriced stocks not the bargain names. >> that's the issue. >> you can find undervalued stocks and then the market spits in your face and says, hey, pal. they're underpriced for a reason. >> if you're a ceo and a good part of your compensation is geared to options and to stock, right? the quickest way to get your stock price up is to shrink the number of shares outstanding because that gives you the immediate growth in earnings, the immediate growth in the stock price, not the long-term capex spend. >> but we're seeing it pick up across all of these buckets this year a pick up in terms of m&a. a pick up in terms of capex. all of this stuff is coming on the back of the tax

intel has always appointed from within.hey have always had a clear succession strategy and there is no heir apparent right now. ♪ abigail: you are watching "bloomberg best." disputelating trade between the u.s. and china has perplexed investors. the goldman sachs chairman ceo lloyd blankfein said it makes sense as a bargaining strategy. he spoke in new york this week. >> this would not be the course i would have done, not necessarily recommend, but i can see what happens at times. a lot of the people who are this isng too publicly, a typical thing. which we bad thing, know from taking economic courses. publicly making these statements --ause they do business and in china and you have to pay homage to your customers in china. at the same time, when not in public, could be going to the u.s. government and saying what you are doing may not be such a bad thing. i can understand how we get to the place we get to. argument that that was acceptable at $50 billion, but now you have the prospect of a full-blown -- it has gone beyond

intel ceo brian krzanich intel ceo ( james ) breaking business news.ement, the santa clara-based company said an investigation confirmed a violation of intel's policy, which applies to all managers. sources say the former ceo had a relationship with someone who reported directly to him a few years back but it was just brought to light. the board says it has accepted the resignation effective immediately. chief financial officer robert swan will step in as interim ceo, effective immediately. ( darya ) coming up next on the kron 4 morining news... a disturbing warning from the f-b-i.... as the number of sexual assaults on airplanes rises. (áábreakáá) accident and car fire in san jose sb 101 at hellyer blocks the two right lanes. slow in both directions. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. a warming trend will begin over the next several days as high pressure builds in the bay area. highs will warm up to the 60s and 70s along the coast and 80s inland. this will lead to hot conditions

last week after an intel briefing, trey gowdy says it did what it had to do. and senator richard burr said i think trey gowdy's assessment was correct. and house speaker paul ryan. >> normally i don't like to comment on classified briefing. i think trey gowdy's initial assessment is accurate. we have some more digging to do. we are waiting for more document requests and more document review. >> republicans break with the president at the latest indication he lacks any evidence to back up his claim of a major political scandal. the only republican briefed on the intel who has not broken with the president is devin nunes. he has demanded more documents. >>> president trump's lawyer rudy giuliani furthest r escalag the efforts at the conference in tel aviv, rudy giuliani misrepresented the formation and purpose of the mueller team with this claim. >> a group of 13 highly partisan democrats to make up the mueller team, excluding him, are trying very, very hard to frame him. they can't emotionally come to grip was the fact that the russian collusion didn't happen.

intel got ungraded by a firm. and if you sti t thinkde uncertainty issm no big deal, l caps tell a different story. russell 2000 is up about ha11%. erre twice what the s&p 500 is up this qua small caps have left exposure to international trade war than big caps. finally, one other factor could be seasonality. the dow has been down roughly 1% in the june option expirationsc day was on friday. that's one of the big volume day of the year. i'm bob pisani at the new york stock exchange. >> the commerce department today announced an investeation into dumping of steel propane cylinder frs china, taiwannd thailand. just the latest in escalating trade tensions that has many wondering what comes next when it comes to the white house's tradestrategy. kayla is in washington. >> secretary of state mike pompeo said the trump administration's foreign policy including its tough stance on trade is in the u.s.'s interest. do our best to call out unfair economic behavior as well. and break downarriers to market entry so that ur com