and i say that because we first, intel this is a big bet. to make this possible, this world, you have to combine what goes on and what we call compute, or processing, with the eyes and ears of how we connect. to do that we do all of these trials. we have to look at how do we even make these things real, trilinear and all of it. then we standardize it and work with different industry partners, governments to make it real. when it's made real you have to look at the cloud. you have to store all this data. intel makes processors, computer cloud, we added in pcs, phones, all of these devices. grace: down to the sensors. asha: down to the sensors. but more importantly there is also the standardizeation settings. the network has to be conditioned and change to evolve to make this happen. we hope to power the network and infrastructure to bring this to life. grace: just that and then. right. [laughter] grace: your title is -- he mentioned something that piques my interest and peaked my interest in the past as well. the standardization, you are the

how do you come how does intel define 5g? >> 2g was about wires and freeing ourselves so we can take calls everywhere. with 3g we started into more of the data, the smart phones came along and we said where's the app for that? with 4g we want so much data, ,e went to what we call ip centric or internet-based that allowed us to use data in ways we did another wanted to connect everyone to everything that we didn't designed for that. the way i like to think about 5g is we had think it how to connect everyone to everything to create a world that is fully connected and fully mobile so we can transform industries and also we had that need. so that that we look at it. >> you were saying that 5g 5g s different from 4g and that it is designed in order to be able to connect everything. can you tell me more about how it works? >> delighted to. when you connect everyone to everything it's more than interpersonal. it's not what you do with your phone but it's about billions of thinks talking to each other. i like to reference the interna

we first,that because intel this is a big bet. to make this possible you have to combine what goes on in what we call compute or processing with the eyes and ears, which is where we connect. to do that we do trials. we have look at how we make these things real, trial and error, all of it, then we standardize it and work with different industry partners, governments to make it real. when it's made real you have to look at the cloud. you have to store all of this data. intel makes processors. phones, all of these devices. >> down to the sensors. down to the sensors, but more importantly there is also the standardization settings. we have to define the infrastructure to bring this to life. >> right. actually, so your title is actually, you mentioned something that piqued my interest significantly. standardization, you are the vice president and general manager of next generation and standards for 5g. i think i got that right. can you talk to me in little bit about what the standards process is and where we are, and what's different

at intel headquarters in santa clara, california, 11:00 a.m. on wall street. "squawk alley" is live. ♪ ♪ >>> welcome to "squawk alley." i am carl quintanilla with morgan brennan and jon fortt we have full team coverage on another busy day for tech. the dow down 500 points, wiping out thursday's gains amazon, snap, alphabet down on earnings alphabet has the latest version of the iphone. and bob swan sits down with us on another first on cnbc interview you don't want to miss >>> first up, shares of amazon plummeting revenue, q4 guidance short of expectations >> good morning. shares are down 9% in today's trading, on pace for the worst day since october of 2014, adding to a brutal month for the stock. it didn't matter that they notched another record profit or margins are at record highs. investors are focusing on the disappointing holiday quarter outlook. amazon didn't give clear reason why they guided lower than the street was expecting, saying it was difficult to estimate and they're bullish and ready to roll another point of concern, slowing international gro

you mentioned intel. the company obviously has -- they have had some component shortages which may impact a little bit of their lower end pc numbers. there's obviously a search for a new ceo there. when we look at some of the media properties, social media properties like snapchat, they are really trying to refocus their business in some respect and try to figure out how best to engage with their users and they also have some execution challenges which they are working on in terms of their user interface and the app. liz: that brings me to you, lance. is snapchat the twitter of today? twitter has found its footing, okay? they have swung to profitability. they were able to show better ad sales. they are looking a lot stronger. snap is still really kind of muddling along. it is young in its life, let's give it that, but what do you think about snapchat? >> i think it's facing significant challenges. it has a tremendous competitor in facebook which basically created instagram stories, which replicates what s

how does intel define 5g? >> 2g was freeing ourselves so we could take calls everywhere. with 3g, we started intoer mo of the data. the smart forms came along and we said where's the app for that and then with 4g we realized we wanted so much data we went to ip centric and internet based that aloud us to use data in ways we didn't and now we want to connect everyone to everything, but we didn't design it for that. so the way i want to think about 5g is we have to think about how do we connect everyone to everything to create a world that is fully connected and fully mobile so we can transform industries and people because you have that need and so that's how we look at it. >> so you're saying that then 5g is different from 4g in being able to connect everything and can you tell me about the design and how it works? >> delighted to. when you connect everyone to everything, it's more than interpersonal and it's not what you do with your phone and it's about billions of thinging talking to each other. i like to reference the ip or the international trade organization around

it's been quite the week for intel. the stock is up better than 6.5% over the past five trading days. joining us now, stacy rascon and christopher roland good morning to both of you. >> good morning. >> stacy, intel said that they're going to be able to hit their full year guidance despite these concerns about chip shortages. >> yes. >> i'm hearing from oems that there are still shortages, despite the fact that intel is saying they're going to hit their target. >> yes. >> so how much of this rally is justified? kind of what are its limits and how much of this damage is intel going to have to continue to deal with? >> sure. so you have to remember on their last earnings call intel said they were going to have supply constraints. so they had supply constraints built into their guidance. if you also look at the letter they put out, there's nothing they haven't already said. it was dead on with what they have said before so it wasn't a surprise i do think it assuaged some of the concerns of a potential q4 guidedown because

intel. these are expensive. intel is posting huge benefits. it has seen improvement in its pc business which had not been the case in the past couple of years. we had someone earlier who pointed out there are only going to be a couple of winners in the current batch of tech companies. beginning, is the day of reckoning here? romaine: we have seen a transition. the cloud server has been a big driver for technology. that is the future. in are seeing a transition the social media space where that will be shaken up. you're talking a resetting of valuations. we are used to certain growth rates. it might be a blip in terms of dollar value. when you talk about percentage growth, these companies have been price for a certain growth. is not going to be there and that is why you're seeing a reset. the stockw much of moves have to do with a shift away from central bank support? romaine: that is tough. back to october 3 and look at the neutral ray -- neutralowell, rate comment by powell, the concern was not going -- the concern was that the fed was not go

it's setting up similar to what intel was.one hadn't been hammered to the 52 week law. >> should i buy mastercard on the pull back? >> i own it, yes, i would buy it, i -- this is a stop at the berkshire annual meeting why doesn't buffet own more mastercard and visa? he said he wished he did don't be shocked if we see they're buying this bid as well. technically 175 has been supported in the past, it looks like it's acting that way now. and great numbers by the way >> our friend larry in missouri, question for you dxc technology, what do you think of it. >> it's been brutal. there was an article out last week, speculation that their quarter was going to be soft, they don't report until next week the head of america was asked to go, a little bit of turmoil here this is a turn around story. you buy into this management team and they're fixing the company. it's going to take time. i'm still involved >> we'll step away for a couple minutes, we're coming back, you know what's coming up, final really want to be there, but you can't.

it jacked up because intel was having problems. it's coming down as intel has reassured people be careful a stock up 162% is not one that you want to say i'm bottom fishing. >> what's on "mad" >> what is really strong versus what you think is strong very much what i do in football except we're not playing like arsenal. >> but you will fight back you are the champions, of course. >> we are the champions, thank you for saying that. by the way with a british, uk name. >> indeed. jim cramer, thank you very much. >>> still to come, of course, on squawk on the street, we'll continue the discussion on the markets decline.

it is intel. this time around, we have gerri willis on the case. tell us about intel.ooks like this stock is up, gerri? >> that's right. we're beating on both the top and bottom lines here. eps coming in at $1.40. that is the adjusted number. expectations for $1.15 a share. that is a big deet. very big move for intel here in terms of earnings per share. when you look at the revenue line, take a look at that, coming in 19.2 billion. 19.2 billion, the estimated, 18.1is billion. so beating again on the top line. top line and bottom line coming in better than expected, for intel the world's biggest chipmaker. why? they're saying that stronger-than-expected demand in pc and business businesses. raising the for cast for full year. earnings will be 452. so a big beat for intel. back to you, guys. connell: all doom and gloom with the other ones we were talking about. intel up 6%. shifting gears, melissa. melissa: a nationwide manhunt underway as the fbi confirm as total of 10 suspicious packages sent to prominent democrats across the country. two new targets, former vice presi

i like what we see in intel and, by the way, the big catalyst for intel will be when they name a ceo, right then we're going to have a lot more vision for the future because right now with the interim it's great we're going to have to find out more and hopefully soon. it seems like time frame wise we're going to start seeing that, scott, at some point in time i think it's an insider, somebody who is coming from the exact division that's the biggest growth >> taking a long time. i don't know the vote of confidence >> they're taking their time because they should be they're doing the right thing. you're going to look at me and say, how did you know? how did you know, pete >> i'll say that's unusual activi activitied >> i added to amd this morning i thought the reason it was down there was a lot of hot money that got in too late and they're the first ones to exit i didn't think because intel was going up stocks should go down >> come on back over we'll step away and we'll do the halftime quarterly report, the hits, the misses from jon and pete and steve third quarter trades right after t

the last time intel had a brutal decline was in 2014. look back here, okay 2014, 2015, stocks shed, keep this number in mind, 13. 13 points, that is not percentage when intel tumbled $13 and change from its peak in june to last month, it gave broden the idea that the stock might be ready to bottom. i know it sounds like really simplistic, right? but it's real. and it's surprising how often to works out. she also spotted a confluence of fibonacci relationships of 42 and 44 which gave the company stock a nice level of support. now intel is roaring back up to $48 and change how high can it go she says it's about to clear another important hurdle if it gets above $49, she thinks it could be smooth sailing to 61 $.28. but this works if intel falls around $42.50, all bets are off. but for now she thinks the bullish scenario is looking a lot more likely if they get their chips in time. remember that is a manufacturing glitch and she will be on that we don't know the answer all right. now let's take a look at one that has been a slow and steady

and we see that boost at intel.et's turn to our for bed the discipline. >> in some ways, it's very similar. not substantial. they missed estimates by about $100 million and in the context of $27 billion of revenue, it's a lot. usednk investors got very to of a bet, amazon, and others beating quite substantially on the numbers. and this wasn't the case. with high spending, it is on content and it is on the development of pixel smartphones. and that is an investment which isn't yet really making returns. is still very early for those hardware. >> you have been buying the dips and i am assuming or wondering, google is down, alphabet is down , are these opportunities for investors? >> we're not going to specific stocks. we did via large-cap growth a couple weeks ago. we talk about this being the end of growth and these companies have revenues that grew 20% to 30%. softer than expectations and i think what you are seeing right now is the results are price reaction, more symptom of what is going on rather than a cause. it

intel is integral to the whole system and intel is coming back a lot of people are thinking it is falling> what did lululemon do withou a ceo? >> maybe that's a new thing, no ceo. obviously a tesla. na, i am quitting. okay, what do you want us to do? did you think he says something like all right guys, i am about to -- and i can't say it on-air? >> we'll have jim stuart about his column >> speaking of boards and shareholder meetings, jamie dimon, did you hear what he said at ai yesterday? >> we got to 8,000 public companies to 4,000 public companies. putting on the list of why that is and people study this and i don't know why, capricious arbitrary litigations and frivolous shareholder meetings, i love my shareholders, i speak to them all the time that's what it is and we all know that. social groups take on -- i am not against by it. a lot of people don't want to go public >> anyone who has been a shareholder meeting knows what he's he's talking about exactly >> yeah, it is not appropriate venue anymore. >> i mean the best danish. >> rest in peace >> how about you have to offer something

intell guiding to $19 billion earnings per share of $1.22.on with us tomorrow >> i'm glad you mentioned it up 4.5%. i come to you first. i guess it's in terms of evaluation >> so everyone was selling intell >> we all know about the ceo stock is down 22% from the highs. data put up 26% growth it is not as high as the numbers i have seen. i have seen 28 to 30%. i think it's a relief rally. the next is ceo. if they go outside the company as the ceo's choice then i think the stock rallies further. >> i think it was down 4% for the year it is down 15% over the last three months >> yeah. this gets back two weeks worth of losses. >> we have another earnings alert. >> analyst average of $1.63. revenue of 5.6 topped the estimate of 5.8 billion. the company did however raise the guidance to 20.8 billion to 21.3 billion back to you. >> thank you very much flat we have another one. this is report number five snap is out. julia has that >> yes snap earnings getting expectations at a loss of 12 cents per share. it is in user numbers. it was 186 users it is

romaine: the intel numbers look good. they hit on all of the main metrics investors were looking for. revenue as well as margins. they did not talk a lot about the new chip manufacturing technology. we might get a little more insight on the call, but they did not have any red flags with regard to the forecast. they seemed to boost their forecast higher than what the street was expecting giving the shares a lift. the other story is amazon. that is looking if the. their revenue -- iffy. their revenue came in high. as long as they keep growing revenue, investors seem to be happy. the thirdlight for quarter and not giving investors a lot of optimism. number,th quarter supposed to come in close to $80 billion for the fourth quarter, that also looking like it might be a little flight as well. joe: and it is worth noting that google is down 4%. i'm thinking about last quarter when big tech companies bombed but the overall market was fine. can earnings change sentiment or do something deeper need to happen? luke: i think it can.

intel i think very important. we've seen the semi-conductor space is awful. >> the producers were a lazy with the choice of the song. >> why ♪ >> dan's coming out. >> its microsoft, its apple, google and amazon. those four are the only ones that matter. when you think about all the sectors that act so poorly even the ones that have all reported even though the bank stocks had good results, the xl is down on the year. it had its lowest close. those four stocks are going to dictate how the market trades in the next couple of months in my opinion. >> did tech soar today we barely broke last week's range. there's no signal in this move today whatsoever. >> relative outperformance needs to be discounted in this space >> yes, absolutely. just look at a chart. we didn't even break last week's range on the high or the low at the end of the day, these things faded. i would not be looking -- maybe earnings sparks the rally, but i don't think you have to get into them ahead of time and what we've seen from every other compan

alphabet abamazon and intel, key drivers of this marketthally year are out with their earnings. and the results could set thene toor tomorrow. the hunt for y yield while may be able to find it in some rather pricingplaces. those stories and more ton on nightly business report for thursd, october 25th. >>> good evening, everyone and welcome.bi griffeth is off tonight. what a difference a day makes. stocks surged after yesterday's steep slide. pushing the dow and s&p 500 back in the positive terriry your for the year. upbeat earnings report calmed nerves for today. and the focus onuarterly reports put issues like rising interest rates and global growth back on the back burner. here are closing numbers for from wall street. the dow jones industrial average rallied 401 to 24984. the nasdaq advanced by 209 and the s&p 500 added 49. so is today's move to be believed? or is it just arm short- bounce? we are joined from kneela richardson, investmentte stst at edward jones. good to see you as always kneela welcome. >> greato be here. thank you. >> let's start with what you make of the bo

rbc takes chipotle out perform intel, we have not seen that in a while. >> the intel call, basicallyngers, we'll be okay i want more substance from that. a amd stock is down. some firm said look you know, there is some rock in it i know micron is in control of the board tech of semis. you know what stock we don't talk about that's moving up quietly and involved with china. starbucks, take a look at this thing. it is now at 59. this stock is going from 52 to 59 achman is there at chipotle. >> achman is like catch fund manager own stock. >> you are right, i should not brought it up. he's not going to do it. this is kervin johnson making a good deal with china, with your friend, jack ma. i do like the way of starbucks it is literally a classi classic -- this is three yards cloud of dust. >> piper is the big team survey out today. the number one restaurant is chick-fil-a but it is followed by starbucks >> yes, every since i saw kj one of the hottest cities of real estate, nashville this man is getting his hands dirty. he's not running for president >> you come around on this >> from kj >

got to tell you, if intel -- if this is untrue, everybody gets hurt, because intel is so integral toeally quick tonight? >> paychecks, which uglyyou -- actually a good quarter. marty mucci, good job. ge is the focus. put on review for downgrade theoretically means be careful. >> since yesterday a real possibility >> david, going to go. >> "mad money." >> david needs a pair of slacks that goes with that. >> baaing in a moment. dow's up 13. >>> good monday mor. welcome back to "squawk on the street." i'm carl quintanilla, live at post nine in the busy tuesday s&p basically flat amazon raising wages powell speaks this afternoon in boston ron baron on tesla and a lot more >> and for the hour, going to start with amazon's wage hike. $15 minimum wage for all u.s. employees. frequent chris it, senator bernie sanders responds this hour. >> wall street giving back some of monday's rally. tech shares slide, although intel is higher. >> could former starbucks ceo have a bid a book tour could provide new hints on his political aspirations. >>> the revamped nafta agreement lifting uncertainty aro

intel. command, microsoft looking to make the workplace inclusive for all, and that includes the more than one billion people in the world with disabilities. we talk to the ceo, next. this is bloomberg.

intel is the rare bright spot."ua aly"n mont the meeting of the executive finance committee is now in session. and... adjourned. business loans for eligible card members up to fifty thousand dollars, decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. you're in the business of helping people. we're in the business of helping you. business loans for eligible card members up to fifty thousand dollars, decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. 8:00 a.m. at intel headquarters in santa clara, california, 11:00 a.m. on wall street. "squawk alley" is live

we had the cisco, microsoft, intel, qualcomm group back in 2000 today, 18 years later, that group of stocks is still under water. 18 years later if you bought cisco, intel, microsoft and qualcomm in 2000 and held them until today, you're under water. cisco is down 40%. i look at the f.a.n.g.s and s a wrote this in january, i felt stupid that f.a.n.g.s bite these are crazy. 330 times earnings netflix, 200 times ev? that's stupid. it's a great business, a great company, i love it great product. that valuation is nothing short of stupid. nothing short of stupid. >> and i would just like to -- i don't disagree that there are some areas of the market that do have those higher valuations we keep drawing the analogy back to 2000 and the tech bubble, and i think that's a little misleading >> okay. >> the tech bubble had a much broader scale in terms of the valuations that were a little bit out of whack, if you will, being a technical term but i think this is a much -- you know, if you look at just the overall tech sector, it's not where we were back in 2000, so i'd push back a little bit on

microsoft ceo, and intel vice president genevieve bell, working on the future of a.i., but first our top stories. the continued fallout over the disappearance of a saudi government critic and the questions it is raising in the world of technology, from silicon valley all the way to softbank. washington post journalist jamal khashoggi went missing after entering the saudi consulate in istanbul on october 2. turkey says the saudi government had him murdered, a charge the saudis deny. one company with close ties to the saudi government is softbank. the $100 billion vision fund's biggest backer. on monday, softbank shares fell as much as 7%, erasing $22 billion of market value. we should note this comes during a global tech selloff that began last week. we have eric newcomer and max chafkin. this is a rapidly developing

what's leading the way higher, microsoft, intel, and cisco.ma mody has the urn close. >> a positive -- european close. >> a positive close, bouncing off 18 month lows. the big talker, ecb policy meeting, keeping rates unchanged. marching -- mario draghi plans to end the asset purchase program by end of the year earlier in the session it was down a quarter percent right now down two-tenths of a%. >>> sticking with currency, turkish lira rallying against the dollar voting to keep the benchmark interest rate on hold after a 6% interest rate hike last month. a number of key earnings reports in focus, wpp plunging 17% after reporting slowdown in client spending sales in the quarter fell 1.5% a steeperdrop than analysts anticipated. that stock is posting the worst day in more than two decades, down 17% meanwhile, more bullish news for european retailers puma lifting outlook for the third time after reporting better than expected earnings. saying costs have risen slower than expected, boosting profit guidance that stock up about 6% there are some bri

a lot of attention will be on what the giant says and that's because intell has been wrestling with manufacturing

if they do that, what does our government look like with democrats at the head of the intel committee, democrats with subpoena power, democrats who want to talk, some of them, not all of them about impeachment. >> my fear is democrats will overreach. sometimes just take the victory and i think what people want is to see a stable governing majority, people who are mature and can govern. that would be a stark contrasts as it is. but i think last week more than any other thing, what i'm shocked about is president's approval rating dropped only four points. when you get on a national stage as president and you declare yourself nationalist you should drop 24 points overnight. i encourage every american to read the history of the third reich which nationalism leads to. to have the president declare himself a nationalist in the same week we have these hate

the president is waiting for answers and cast out on intel that could implicate the saudis. >> i'm not giving cover at all. with that being said, saudi arabia has been a very important ally of ours in the middle east. i want to find out what happened and where is the fault and we will probably know that by the end of the week. >> you asked for the audio and video? >> we asked for it if it exists. we asked for it if it exists. >> are you surprised they have not turned it over? >> no. i'm not sure yet it exists. possibly does. >> possibly. senate foreign relations committee chairman bob corker says the administration has clamped down on intelligence about the case saying quote i suppose they don't want us to see the intel. >> now to the view from saudi arabia. what is the reaction in riyadh? let's bring in correspondent sam kiley. sam, you have the unusual situation of the crown minutpris investigating whether the crown prince is implicated in the apparent murder. what is the view from there? >> reporter: well, that is exactly what is going on, but behind the scenes, they are also trying

intel rose more than 2% to $45 and a penny. at&t was upgraded. c theyed the launch ofhe hey speed 5g network and noted the potential benefits ofl the rec completed merger with time warner. despite the upgrades shares fell a fraction to $32.67. >>> chipotle was upgraded from outperform to perform. they expect sales to improve through the second half of the fiscal year of 2019. the price target is $510. the stock rose a fraction to $431.19. ebay's rating was down from buy.ral to the analyst cites the potential for slower growth and says ebay is underperforming the omrce sector with, quote, no easy fixes, end pquote. thece target is $33. the stock fell almost 1% to $28.49. >>> still ahead, keeping score and why it may soon be easier for people with shakier credit to borrow money. >>> houston could soon becomeew theub for u.s. oil pricing with the launch of a new futures contract. this new contract will price west texas t oilt is pulled from the oil rich personalian basin and then delivered t a terminal along the houston shipping channel. the permean

intel is in second place upgrading ip intel to a buy. ally' get to that. meeting of the executive finance committee is now in session. and... adjourned. business loans for eligible card members up to fifty thousand dollars, decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. you're in the business of helping people. we're in the business of helping you. business loans for eligible card members up to fifty thousand dollars, decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> welcome back to "squawk box. mckenzie reporting to a story that they're targeting dissidents on twitter and other social media mckenzie said it was never commissioned to prepare a report of any kind to ident

haidi: intel also give a bit of hope to the chip sector, what if they say?u: they are talking about pc demand. we are seeing intel move higher after hours, that stock counteracting some of the damage that amd caused, they came out after the bell yesterday talking about weak demand. if you see how they did in this amd lostssion, almost half their value, down 20% at some point. it will be interesting to see where the semiconductor index goes from here, again, heavily concerns?y trade shery: we also saw oil bouncing from the two-month low, but we still expect a loss for the month? su: oil is definitely under pressure. at one point, we were hearing that they were going to produce as much or as he could, now we are hearing they will cut back. that is a positive for oil. gold is also at a three-month high and you are hearing the gold bulls talk about how the run has more room to go. haidi: that was bloomberg's su keenan, with a bit of a relief for markets. there was a flash of investor optimism in tech stocks, but it turned out to be short-lived. number technology

i remember the head of intel testifying before the senate a few years ago. desperately asking for renewal -- a renewal of the free research and development fund to sustain silicon valley, saying, we are not very good at basic research. companies profitable like intel and apple. but we are very good in applying research. spendu must continue to taxpayer money for that purpose. the -- would were these corporations be without the fdic? where would they be between , which they heavily rely on? where would they be without the infrastructure that makes their private sales possible? where would they be in dozens of isas where the government filling the huge gaps unmet by markets? capitale huge piles of that are not looking for investment, trillions of dollars held abroad by u.s. corporations and in this country. nobody would've predicted 40 the capitalhen formation shortage was a big issue here in washington, that they would have so much capital that they wouldn't know what to do with it because management was so inept that they didn't know how to find new investme

emily: that's the intel interim ceo, bob swan., penny pritzker was president obama's right hand on commerce. she now hopes to turn the windy city into the next silicon valley. this is bloomberg. ♪ ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. chicago, home of the bulls, the bears, the blackhawks, affectionately known as the windy city, the third-largest city in the country, but if penny pritzker has her way, it will soon be known as one of the top tech hubs in the world. pritzker is leading an initiative to try to put chicago up there with the likes of silicon valley. they set themselves in end date of meeting this goal -- the year 2033. i would like to welcome any pritzker back to the program where she joins us from -- you guessed it -- chicago. also former commerce secretary of the united states. thank you for joining us. why hasn't chicago, with everything that is arriving there, become a tech hub yet? and why do you think this can change that? secretary pritzker: our new initiative is a private par

but intel had good news, growth is up.computer market lifted, and $6 billion more than it was predicted at the beginning of the year. revenue from its tc-centric business also rose to $10.2 billion. and, snap is on the decline, reporting that the number of daily users fell to 186 million. that does it for this edition of "bloomberg technology." tomorrow, we talk to intel's interim ceo, and the expedia ceo about their financial results. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. announcer: the following is a paid presentation for lifelock with norton. paid for by lifelock. >> look around, so many

emily: genevieve bell, the vice president and senior fellow at intel.ommand, microsoft looking to make the workplace inclusive for all, and that includes the more than one billion people in the world with disabilities. we talk to the ceo, next. this is bloomberg. this is "bloomberg technology." welcome back to a special edition, live from san francisco. this month's national disability employment awareness month and this year's theme is empowering. microsoft is trying to do just that and our people in the world who live with disabilities. programt announced a with rapid development in ai and machine learning. microsoft plans to create technology which can allow all workers to be productive in the workplace. joining us now, microsoft ceo satya nadella. satya, you have for many years techioned the potential of to be used as an equalizer. you are nominating jenny as the next generation of leaders to watch. why? satya: i came across jenny and met her maybe three or four years before i became ceo. she was already leading the accessibility efforts at microsof

announcer: intel corporation vice president asha keddy discussed wireless technology at the atlantic festival in washington. produced by our underwriter, please welcome, asha keddy, vice president and general manager of next generation and standards at intel. and grace koh, partner at dla pipeline. [applause] >> this is kind of nice. >> thank you. grace: thank you for doing this. it is a great opportunity to be able to pick your brain about a topic we have been talking about for the past couple of days.

and intel works lower as well by every indication let's do a few more. the whole tech sector. is it random off the line to the penny? is that the collective dcf, collective peg ratio collective eelktda no it's almost entirely technical. it's down 12% stops on the line now in the night market it's going to break it is what it is and it's not good >> wow that's very cut and dry carter, thank you. carter will be joining us for more instant earnings reaction. >> can't come over now. >> excuse me. >> he can't come over. >> he needs to man the plasma. >> he has to watch the charts. i mean, this things are moving right now. as we speak. it does not sound good for any of the charts that carter showed tonight to go back to highs would be absurd, he says do you fix yourself here no you don't dan what do you think. >> it's the key is the a apple, next thursday, this chart acts amazing maybe we will ask him about it later but this is the one where when you think about this, in this market, this environment where the much loved names up very much being taken down 6, 7%, 8%, amazon down 9 p

emily: genevieve bell, vice president and senior fellow at intel.oming up, microsoft is looking to make the workplace inclusive for all, and that includes the more than one billion people in the world with disabilities. to microsoft ceo satya nadella next. this is bloomberg. emily: this is "bloomberg technology." we welcome you back to a special edition live from the wired 25 summit in san francisco. this month's national disability employment awareness month and this year's theme is empowering. microsoft is trying to do just that, can power the one billion plus people in the world who live with disabilities. microsoft announced a five-year, $25 million ai for accessibility program. with rapid developments in ai and machine learning, microsoft plans to create accessible technology which can allow all workers to be productive in the workplace. joining us now, microsoft ceo satya nadella. and microsoft's chief accessibility officer. jenny's interpreter is also with us as well. satya, you have for many years championed the potential of tech to be used

intel the highest in the month ending the dow to a record.his is bloomberg. ♪ guy: eight minutes to the market close here in europe. not budgingntly when it comes to its budget. beijingof words between and brussels is escalating. attacking before even reading the plan is market manipulation, not creating tension in the markets. they should just say that this is the goal. the goal is creating tension in the markets because they don't want italy to raise its head. but we will raise our heads. guy: dan liefgreen joins us now out of milan. it's making the running here. the political leaders that are having their voices heard. wears contact, where his trio. where's the market voice of reason around the italy story because at the moment the markets are getting nervous because the people we are hearing from are the more firebrand populist politicians. >> that's exactly the point. the cabinet met a week ago thursday. they released one number. the key budget deficit figure. now was it. there was no press conference. demaio appeared on the balcony of t

max: intel and nvdia are dominating this. intel makes server chips and nvidia makes video.new effort from alibaba, you will still need the chips. but if alibaba is successful, they will not need to buy as many intel and nvidia chips. they want to be able to cut out the big u.s. semiconductor companies altogether. carol: so watch out. how does donald trump play into all of this? >> the u.s. government got into it with zte. zte was not able to buy american components. zte and every chinese company is dependent on american modems to make cell phones and connect to the internet. if you look at china as a whole, i think mark writes 75% of the semiconductors are coming from outside the country. without a domestic chip industry, china will be totally dependent on the united states. so this is a long-term effort to reduce its dependence on america. jason: you also think about the relationship a consumer has with a company like alibaba. as you said, part of the reason they were doing this is because it will come right out of your alipay account. >> and you would need to have their a

but intel had good news, growth is up.market and $6 billion more than it was predicted at the beginning of the year. tc-centricm its business also rose to $10.2 billion. and, snap is on the decline, reporting that the number of millioners file to 186 -- daily users fell to 186 million. that does it for this edition of "bloomberg technology." tomorrow, we talk to intel's interim ceo, and the expedia ceo about their financial results. this is bloomberg. ♪ con michalakis robert o'donnell haid haidi: welcome to "deborah daybreak australia, i am haidi start was? shery: we're counting down to the asian open. ♪ haidi: these other top stories we are covering, u.s. equities strummed back from a global selloff with the nasdaq seeing its best daily performance since march.

carol: intel and nvidia, watch out? max: watch out. donald trump play into all of this? max: the u.s. government got huawei andh zte. zte was not able to buy american components. zte and every chinese company is dependent on american modems to make cell phones and connect to the internet. mark writes 75% of the semiconductors are coming from outside the country. so without a domestic chip , industry, china will be totally dependent on the united states. this is a long-term effort to reduce its dependence on america. jason: you do start to think about the relationship a consumer has with a company like alibaba. part of the reason they were doing this is because it will come right out of your alipay account. max: you would need to have the app on your phone. the chinese consumer is using a chinese app, chinese payment platform, run on chinese hardware. this government driving a futuristic vision of the world is going to create a bottom value and make these chinese -- create a lot of value and make these chinese tech giants even stronger.

intel, micron, nvidia up more than 4%. intel, by the way, set to report earnings after the bell.ke santoli with "trading nation." mike >> melissa, thank you very much. here at "trading nation" we're going to take a look at the retail stocks on a tear today. the xrt, etf on track for its best week since august still the group on pace for its worst month in nearly five years. so, should investors trust this bounce mark tepper is with strategic wealth partners. jina sanchez let's talk about that. so, mark, is the market with the weakness in retail telling us something scary about the consumer or do you think it's overreacting to shorter-term factors here is. >> i think it's overreacting i mean, i expect the surge in retail to continue at the end of the day the strong consumer story hasn't changed at pull if fact, consumer confidence is around its highest level since 2000 so the winners in retail in my opinion are going to be those companies that are evolving with customers' changing needs that have a create experience within the retail space, i've liked nordstrom for quite a while.

i've read intel reports. and sometimes -- let me just create a scenario. sometimes when something happens like this, we can then go back and look at old reels where we've had intercepts, and we can find out things. and so -- and i just really can't say. i know what i know through intelligence. i think much of the reporting that has been out there has been pretty valid. as it relates to this one piece, as to whether we're getting these tapes from the turks, again, i can't verify. and i just don't want to say anything else about. everything i've seen does point to the saudis. i do believe that likely, unfortunately, this journalist has been murdered. if he was somehow taken to another site, you know, they can produce him. i know that everybody has asked them to get us this information. if it's not true, to get their name cleared, the country's name cleared. but at this point, jake, it looks to me like the saudi government has caused this person to perish. >> should treasury secretary mnuchin and the trump administration pull out of this saudi investment conf

and in the intel as we talk about all the time it's been on the data center, right? that's the area of growth and that's everybody's pointing to what's the future for them i think and that's the transition. >> this is merely a debate over time about the length of time you as an investor is willing to wait -- >> you're holding stocks for decades. >> lisa, could you address that, that point sort of the buffett factor if the world's greatest investor throws in the towel. what kind of a statement does that make? >> yeah. >> does that factor in any way you view this company, this stock? >> to a certain extent i mean it's -- it's you know, confirming it would be confirming evidence, right, that they're about the timeframe, right? when you really get in and do the work and unpack what's going on under the covers, you can see that there's just a long way to go and i wouldn't say where the challenge ibm has, that's maybe a little bit different or more severe than some of these other players. is that they are really heavy in infrastructure in the core servers, the core middlew

and donald trump wants to reward somebody who is jurndz mining america's intel communities. way to go, don. >>> there's new polling to pore over, just three weeks out from election day, including one democratic senator holding firm in a state that donald trump won in 2016. we'll get straight to that. >>> but first, let's go to bill karins with a check on the aftermath of hurricane michael. >> it was just as bad as we feared it would be once daylight came up. mexico beach hooks like a giant tornado went through. everything is a complete mess and disaster through the region. like 75% of the homes are probably going to be uninhabitable. hopefully they can rebuild this small town of about 1200 people. it's just heartbreaking to see what they're going to go home to or at least explore once it's safe to do so. this the storm brought about a foot of rain to north carolina, half a million people lost power, it ur poured rain last night and now heading into cape cod. that will be the end of michael and that name will be retired and we'll never have another hurricane michael again. te