for intel? well, it's pretty unclear right now. not only for intel, but for the entire industry, we're looking at both chip shortages as well as ship gloves, trip shortages for the auto industry, for example, caused by supply chain disruption. but also we're looking at gloves where inventories can't be sold down and this is hurting manufacturers as well. there appears to be demand falling for items like phones for gaming console for p c's. all this requires trips now, intel certainly got hit by this trend. the day posted earnings recently that were way lower than expected. really shocking walls. and now they said that it would cut capital spending by billions of dollars. so for the entire sector, it appears that the boats are rocking and it's not clear where the wind will blow lots of sailing metaphors from teddy austro. thank you so much escaping the regular gridlock on the road by just flying over it. there are those who believe taxis will soon take to the skies. among them are people at the g

print, december 1st, 1993, intel is making all-time record relative loads. that is the definition of so bad it is good. >> tony, i will give you the final word. >> i appreciate carter, that is very similar trade ups to disney. about using the vertical we just had earnings and i feel the lack of catalyst for me is better to take a longer dated call diagonal. >> there is more options action after this. take a look. >>> still to come, if the fed goes to recession than inflation, the professor is going along gold. which name has him shouting, mine. >>> and reach into your pocket and grab your phone, tweet us a question at @optionsaction it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya.

if you look at intel's relative performance to the stock, intel is making all-time record relative lows. that is the very definition of so bad it's good >> tony, this is your trade, i'm going to give you the final word >> i appreciate carter's, that's very similar to disney and to mike's comment about using a vertical we just had earnings, so for me it's better to take a longer-dated call diagonal >> there is more "options action" after this take a look. >>> still to come. if the fed pivots more toward recession than inflation, professor khouw is going long gold find out which particular name has him shouting "mine"! plus, calling all "options action" fans action" fans tweehirteen-hour flight, that's not a weekend trip. if it's nice, we'll read it on air. mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fit

to sauking into the fact tha i'm looking for long ter opportunities here for intell, i'm going out to the september 9th weekly january 2023, 35 to 38 call diagonal spread putting $3.55 for tha january 2023 at the money call option and collecting 44 cents by selling that september 9t weekly option with a strik price around $38 i'm paying under 10% of th stock's value to gain upside exposure through january of 2023 and by selling a diagona spread, i have the opportunity to potentially sell furthe calls again to reduce the cost of buying these longer neede calls. >> okay mike what's your thoughts here on tony's strategy for intell >> you would point people to earnings we saw in uber and that tells us when the street is so pessimistic about something, what can happen when you get any kind of decent numbers comin out? you have a real upside surpris potential. actually it's interesting here's a place where i might use straight vertical myself on th bet. the real problem for intell an the reason we're seeing stee declines and hug underperformance is the fact that management really focusin mo

that's gaining share against intel. that's part of this move to heterogenous compute it's difficult to say specifically when people will need a new pc. i, myself, got a new one last year probably won't need one for a couple years over time that's a smaller part of the total compute pie 20 years ago all we obsessed about was the taiwan supply chain and what's going on with pcs. it's not as critical when you look at the entire semiconductor market today as it was a long time ago that's because we're seeing more and more use cases for technology across every industry. >> speaking of which, on that, three big names, we got the first time, amd and intel. we are awaiting nvidia >> there's a lot of -- always hesitant to predict the future, especially the near future cryptocurrencies impact nvidia's business given that gpus are used in the mining industry. we've seen weak numbers out of -- microsoft talked about xbox usage down, nintendo's numbers were not so strong data center remains this bright spot you see nobody is pulling

finding creative ways to pay for that having said that, intel faces three structural issues. the first structural issue is the technology is behind number two, intel continues to lose market share to amd in the server side and that dynamic is not going to change for the next two or three years number three, a big part of how the company is exposed to the pc market, let's say the pc market is past its glory day the three structural issues are in any way addressed by all kinds of funding. i think in my mind they're actually more of a distraction because they are, you know, hindering the progress towards what should be a sustainable path to recovery for intel i don't think it really changes the fundamental equation. >> when do we find out as investors whether pat gelsinger's strategy is night e right? even if it takes two to three years to pan out, is that when we find out? do we find out sooner? if we know sooner than the results come in, we would expect the stocks to react sooner >> yeah. look, if the problems didn't just start in the last two years, i think they have been the

handling the volatility, an exclusive you don't want to miss this hour don't think we forgot about intel. inside look at the company's new $30 billion deal with brookfield, what it signals for intel, chip industry, and capex. >> we're going to kick off today's feed with duelling stories in software. zoom is plummeting this morning after cutting its outlook for the next quarter and the year. shares are now on pace for their worst month since april. see down, they're more than 13%, cfo warns new paying subscribers proving harder than expected to come by, zoomphone doing fine, though, in the opposite direction, palo alto networks, biggest gainer on the nasdaq this morning, up more than -- the company announcing a three for one stock split set to take effect on september 14th dee, this is sort of a sign of the times, security so important, the moves to the cloud, a wind at palo alto's back here. and bookings, you know, bookings really strong, showing that this isn't just a one quarter thing, but the intention to spend is there in place for months to come. >> and gap profitability for the fir

what does intel say?s gets us capital below the cost of our equity, protects our cash for future investments and even protects and allows us to continue to fund the dividend. they're saying, hey, this is a great way to go about raising capital to fund our expansion. by the way, this is not even including any aid from the chips act or where that may come into play >> or the mobile ipo >> or the mobile ipo but i've been speaking any number of times, when we talk about a leveraged buyout, about direct capital and the fact that the banks are no longer the main providers, oftentimes, of capital to finance leverage buyouts. it's the brookfields of the world, the al creeks, on and on. this is the same thing only a different desk, so to speak. it's infrastructure where they have an enormous fund and they are lending directly, and pushing out banks that might have come in at a higher number in terms of what they wanted and yet are willing to do so because of course the returns that they're planning on getting, let

state of decline, perhaps, but is she able to eeekke out a bet story than we heard from the likes of intel we'll see. >> yeah. talked about that with cramer this morning specifically gaming. what that's done to both nvidia and amd. you know, semis, number of cross-currents really confusing now. whether it's pcs and gaming and crypto being offset. maybe by autos, on semi, seisint quarter, smacked at the open, though remains a tough read what's happening now in semis. not to mention the chips act and china/u.s. relations part to deal with. >> a lot data-centered data-centered dependent seems. from logitech, we saw gaming accessories cooled down along with webcams consumer leaning stuff that continued to be strong keyboards, mice, used for productive work, kontcontinues b strong other stuff weakened what does that mean for those selling gaming cards and gaming chips, et cetera we'll see. well, let's figure out what the read-through is to this week we saw last week, different. joining us, senior analyst laura. what did you learn surprised you last week that has bearing on results we'll get thi

as a relates to intel, intel's commitment to oregon, they have talked about the research facility. i don't know what happened there, because i am not the governor. but what i will say is as governor, i would have a personal relationship with the ceo of intel and have a conversation and make sure we can keep jobs here. our high-tech industry output, including intel, is important to the state, and we need to have education programs to train people for those jobs, make sure we attain appropriate levels of incentives to help people stay here, and oregon makes things. i want to make more things here. many veteran's key, and high-tech manufacturing is a double good for us. i would work with intel and any other company that wants to stay here and grow here. thank you for the question. >> thank you, senator johnson. state sen. johnson: i actually know the answer of the question, because i talked to executives. the answer is answer the damn phone. nobody talked to intel, when the tallest tree in our forces heading out to ohio. there were plenty of warning signs. because kate brown has not b

they had a record sales and revenue for mobile performance so when you compare it to intel, intel mobile performance was down 30% on revenue. then gaining segment for amd was also down. the data center sales, that was a stronger point coming in at 1.49 billio , an increase year-over-year compared to intel. intel saw 16% drop in the same category. so it's really a battle between the two giants. slowly, amd is chipping away at intel. take a look on your screen right now. you can see a three month chart of just the two companies. intel down over 19% and amd up 5% just over the same period. i like to point out also that amd's ceo will be on mad money tomorrow and i'm sure lisa sue can address a lot of these questions a commentary around the weakness. melissa. >> christina, thank you. this underscores the notion that amd is taking market share from intel, particularly in the all-important datacenter segment. >> 100%. i think for longtime investors, that's really the key and i think it's really interesting for intel. his report was going to be, is the intel miss competitive advantage issue or

yeah, not long ago, intel| not? yeah, not long ago, intel lead tsmc _ not?g ago, intel lead tsmc and _ not? yeah, not long ago, intel lead tsmc and built _ not? yeah, not long ago, intel lead tsmc and built the - not? yeah, not long ago, intel lead tsmc and built the most. lead tsmc and built the most powerful and smallest chips, however, it has kind of lost that lead, and the bigger item that lead, and the bigger item thatis that lead, and the bigger item that is hard for the us, we have lost the engineering and the job the manufacturing at high scale and high volumes in the us, and that cost a lot. i will give you one example. they attempted to build a high and lcd plant in the state of wisconsin, and it moved to a low—end plant, and finally, and accessories plant, and finally it was scrapped just because costs were too high, and i'm not sure that the us government will have the facilities to process this too long after the sorters of covid—i9 are kind of lost some of the populism of the shouts of corporate welfare become loud again.— the shouts of corpora

higher in the past three months versus intel you may get 19%. we'll have amd's earnings in less than 15 minutes. >> and we will look to you then. kristina, thank you very much. mike, i was watching this group all day today to see if there was any kind of reaction with taiwan with nancy pelosi there, obviously because the chip sector has so much on the line when it comes to these tensions which appear to be escalating between the u.s. and china. >> yeah, not spechkifically it was much more potentially about any kind of china response and more of a macro geopolitical risk appetite play but even that seemed to have fizzled over the course of the day. >> what do you see in the internals? >> very mixed. the nasdaq has been negative you mentioned on the dow caterpillar's decline has had an outsized influence you see there just about even here, 50-50 advancing versus declining volume amazon, huge move higher over the last few weeks but look at that, all it really did is bring it to the underside of the prior long-term range so i think it's a wait and s

. >> closely we're going to talk intel later too. overvalued or undervalued. i want to take another look at another subsector of tech, dom, the legacy tech trade. we have disappointing results from dell and this has been another relatively good space for investors to hide this year. is that coming undone now? yes, they have dividends but slowing growth is a concern. hp and hbq to report too. >> it's not just that. but it's all about the relativity versus expectations for many of these companies, because of the tough comparable comparisons we had during the pandemic there were already expectations that computing providers, companies like hpe, hpq, and of course dell have seen a boom to their business over the course of the last couple of years given the pandemic and everything else we kind of have an idea that things aren't going to be add good but how not good versus expectations are they? that's why you see dell, and hp, some of the ones here taking it on the chin. i'm not sure if that legacy trade can be boiled down strictly to the relativity over covid comp

as it relates to intel, intel is committed to oregon. they have talked about research facilities. i would say as governor i would have a relationship with the ceo and make sure we can keep jobs here. it's very important to the state. we have to make sure the education program helps train people, make sure we maintain appropriate levels of incentives to help people stay there and oregon makes things. it's about the future of our state. i will work with intel and every other employer who wants to stay and grow here. >> thank you. >> i know the answer to the question because i talked with intel executives. the answer was, answer the phone. nobody in the governor's office saw the warning signals or reached out to intel when the tallest tree is headed out the door to ohio. there were print -- plenty of warning signs. because kate brown is not allowed, it allowed me to go unheard. nobody asked the customer, what do you need? what they needed was expansion for industrial expansion around this huge investment they have made outside of hillsborough. i would be a governor bent on economic d

>>> plus, intel, five-year low, nvidia warns and the semi etf is down nearly of % o6% over the pt week is the semi trade coming to an end? we'll talk more about that when "power lunch" continues. it was just take, take, take. so i broke up with bad banking and moved to sofi checking and savings. now i get higher interest, pay no account fees, and get my paycheck two days early. break up with bad banking. get 2.00% interest, pay no account fees, and get your paycheck up to two days early. download the sofi app and earn up to $300 when you set up direct deposit. sofi. get your money right. this is xfinity rewards. you set up direct deposit. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >>> welcome back to "power lunch," everybody. apple reportedly moving the manufacturing or at least part of the manufacturing of its new iphone in india much earlier than normal compared with earlier models a sign the c

. >> back over to you, you sold intel.aking of trials and tribulations the chip sector this year. what made you want to get out at this point >> so should have got out earlier. i take a lot of heat on this over the years we take the jerry maguire approach to quality which is, show me the money, meaning cash flow intel has done anything but show us the money there's been a deterioration in cash generation and the likelihood that weak cash flow persists because of intel's need to have high cap x in order to catch up with peers on technology free cash flow swung from a $6.5 billion -- swung to rather a $6.5 billion loss in 2022 to a $5 billion gain in 2021. the weak cash flow also means that intel is not cheap anymore. so we're going to move out of intel and stick with less capital intensive, more cash generative semi names. we also own kla and amek which both only spent 3% of sales on capx last quarter while intel spent 47% of sales on cap x. all because they have to catch up so we're still in semis but it is where we are th

for intel. it's plants like this are going to be needed in the future to basically squeeze every last drop out of that water. herculean task. but will it be enough now looking good, we just need to get more rain. need to fill of reservoirs up. right? the fan sure that we have water in the future. why is the industry investing in one of the driest places in the world? scientist and journalist a brom list garden is also curious. why are corporations moving to regions that have hardly any water in the united states? especially there are still these weird, perverse incentives that do keep a flow of population going in the wrong direction in a way, the city of phoenix, the fastest growing city in the united states. we, we've made water cheap in the southwest. if you own a house in the city of phoenix, you don't pay very much for your water. even pay less than somebody in philadelphia . pennsylvania pays for their water despite the fact that your water in arizona is incredibly scarce. but those price

but intel has been expanding in phoenix for more than 25 years. anyway. why invest in the middle of the desert? we are here in the middle of the desert. it is warm there's. there's no question about it. so why building the desert? we take many factors into consideration when we decide where to build a favourable business environment is certainly one of those. a strong workforce educated workforce is another. but thinking ahead about an infrastructure, including utilities, water is very critical to us as well. and when we evaluated arizona 25 plus years ago, we saw that the state had done that and was looking ahead and preparing for that drought in the future. every drop counts. that's why intel is investing in this state of the art water treatment plant. to further purify the water, the city supplies 25 plus years ago. what we decided to do was to fund the building of a facility that i believe you'll see later called the o b r f. fact it's, it's here over my shoulder. you can see it in the background. and what that facility does that partnership with the

i don't know that intel will be able to deploy this. this stuff takes years.ral idea of whole long-term versus short-term, the industry goes through downturns. it is happening now probably. that being said, over time, we will probably need this stuff. the industry is big. $556 billion in revenues last year. maybe we go into a downturn. but even that mid-single-digit growth over the cycle, it is a trillion dollar industry in years plus or minus. 10so i think in 10 years i think we are going to be glad on a broad basis some of these investments are being made. does that mean we're going to need them now? no. emily: so you are saying it's going to be a decade before supply meets demand? >> no. i think supply is already meeting demand. but you have to remember, even if we go whole hog into this, you are not going to see any material amounts of capacity for years. even micron said we are going to do $40 billion. they are not planning on bringing that in for production until the second half of the decade. this stuff takes years and many billions of dollars. by the w

that was confirmed by intel previously they said there was weakness in gaming, confirmed by intel, confirmed by pretty much everybody. what's really important, they gained a record amount of share, just a huge amount of share everywhere against intel xilinx was up 20%. they bought that i think they are going to blow away the last quarter. look, it's true. if i were in the pc business, i would be very worried, but i think that because she has this five nanometer -- we have to remember it's -- if you want to buy the ones for tvs and cars, those are 25 those are these big, stupid nanometers this stuff -- she's so far ahead of everybody else that all i can say is go sell it. be my guest. go bet against her have fun knock yourself off i'll see you on the asphalt. >> the street is definitely focused on pcs lisa su talked about pc weakness last night >> we have taken a more conservative outlook on the pc business, so a quarter ago we would have thought that the pc business would be down let's call it high single digits, and our current view of the pc business is that it will be down let's call it m

. >> when you look at micron and intel those are the names and people fundamentally have given up on it and technically it looks like the charts are a waste of time and those are the only two names that dip below the february 2020 level. intel has not bounced back so i'm not saying he wanted be a buyer micron but maybe micron is the one you want to buy since it has already rallied above the level. >> i don't know if you're looking at my screens and anybody and i can see guy and jeff and courtney, is anybody on the desk owning or wind willing to buy intel? and if you're on the radio listening, guy is shaking his hands like i'm crazy but nobody wants to own intel and i don't think anyone wants to own qualcomm. any names worth owning in this group? >> i think plenty names are worth owning but i know it's super cliche but a company like a&e, we talked earnings relative to intel and it became clear that a&e is taking share. if you can kind of wait in the weeds a little bit and stands in volatility, i think of the stock you may want to earn but i have a question cyclically that the busines

because intel today at least does not seem to have what it takes to match those companies and intel's business model does not really enable it to be a foundry of choice to many companies who are today competing against intel. i do think it is, the chips act is an incremental positive but by no means a silver bullet i think sometimes it is being projected to be. >> intel certainly hopes that we're saying something different about their capabilities two or three years from now but a lot to prove between now and then. vivek, thank you. >> thank you >> after the break, the stocks caught in the meme trade the wrong side of it today though we'll look at the trend and an interview with the ceo of 23andme. stay with us >>> good morning welcome back to tech check here are the headlines at this hour one of the greatest players in the history of tennis today said she is evolving from the sport she loves. in an instagram post highlighting a vogue cover article serena williams doesn't use the word retirement but says, quote, there comes a time in life when you have to decide to move in a different

tom: you are going up against intel, amd.was saying, some of these companies with big loud computing businesses -- cloud computing businesses like google and amazon have gotten into the business of making chips, taking control away from the ship making industry, using designs from this company called arm in the u.k. and making their own chips. there are upstarts like another up and comer. a lot of competition, but when you look at the margins on server chips, you understand clearly and weakly why somebody might want to get into this market. -- quickly why somebody might want to get into this market. the are, qualcomm, but much smaller markets. taylor: given some of the decline in market shares, some of the concerns around that company, is qualcomm looking at timing, the runway ahead and thinking if we are going to go, we are going to go now? tom: you cannot help but look at where intel is right now. intel is taking on the check from a lot of different competitors, tsc in taiwan, samsung and south korea, even amd, this poor st

or an amd. >> well i have intel too intel is a value stock even though it is a technology stock and it is a rather big position for us i have no exposure to nvidia until recently and i decided to add it because i think it is one of the better companies out there in that space. however, it is very expensive even with this decline but when things turn around, this is a kind of stock that i expect to go up a lot very quickly. >> and speaking of intel, i know you like a dividend and that is why other wise in tech you're looking at plays like an ibm what did you make of salesforce last week, kind of got overshadowed by the weaker guidance but a $10 billion buyback for the first time do you think we'll see more cal capital return from tech names. >> we might see between now and the end of the year. because of course that 1% tax goes into ervffect in january but i wouldn't buy stocks on the hopes there might be buybacks. a buy back is nothing but a substitute for a dividend. so it is just another way to return cash to investors in my opinion, it is actually a better way because buybacks ar

nvidia, micron, intel all adding to the same picture -- demand for the devices these chips are going into has dropped off and now the key inflation trend, the u.s. cpi for july, we are starting to talk about recession fears which has clearly spooked the market this tuesday. earnings season does continue in earnest. second quarter sales missing estimates, a big drop in assets on the platform but signs that user base is sitting on the sideline and still engaged. emily: ed ludlow, thank you. we want to stick with coinbase and bring in sonali basak. i miss on revenue, a miss on earnings, they narrowed their user forecast and what i thought was interesting is the assets on the platform plunged by more than 63%. that seems significant. sonali: that drop off in assets, the drop-off in monthly transaction users and transaction revenue, that's a reflection of what you are seeing as a retail business. you heard in the conversation a lot of retail traders on the sideline, this is a pivotal business. the stock down 5% after hours. this is after a steep drop-off this year. it had quite a run off

by the way, the president and i were just with the ceos of intel and micron, and they are being true to their word they said that once this bill was passed, they would have the confidence they needed to make these investments in the united states, not in europe, not in asia, and that's what they're doing and that's what this is all about. >> as it relates to american manufacturing and jobs, we talked to the national association of manufacturing ceo jay timmons yesterday, and he said the c.h.i.p.s. act is two steps forward but the inflation reduction act is one step back he's concerned about the higher taxes and says it's going to hurt economic growth and hurt manufacturers' ability to pay higher wages and invest. how do you respond to that >> i could not disagree more and i think he's out of step with most business leaders. the president and i were just within dozens of business leaders. they are for the inflation reduction act because it's the biggest investment in climate that we've ever had as a nation. it's going to bring down prescription drug costs. it's not only going to reduc

to be the gain of amd but amd doesn't have the market footprint that intel does, but i think that'svestors were looking for because for all intents and purposes it's a two-horse race between those companies. >> it's a two-horse race, but there have been so many other semi-conductor companies that have gotten more notoriety over the last several years besides intel, and amd is one of them. it wasn't long ago that amd was viewed as almost like a subpar version of intel, one that was trying to gain some traction now it seems like all of their business units, it doesn't matter if it's data centers or graphics or anything el. they seem to all be making gains across the bore. what is it about the amd story that either has you bullish on it or maybe maybe a little bit cautious, and what's your call >> i'm bullish on amd because i feel like for the first time every one of the businesses was hitting on all cylinders many times one quarter would be climate. the next quarter would be the embedded console business. the next would be what was called an embedded enterprise business, but you didn'

and in the past few years, the intel community has believed that he's been sick, that he is 71 years old who is not of great health. but he was still making videos, according to american officials. he was still making videos, calling for attacks on americans. >> so, lawrence, what is the leadership like in al-qaeda? what does this do to the leadership structure? is there someone or several people ready to step into the role that he was playing, or does this dismantle and disrupt the leadership of al-qaeda and significant way? >> well, we thought it was true when bin laden was killed. and it turns out -- you know, i look at al-qaeda in some ways as being a religious cult. and you know, the charismatic leader starts to face the big challenges, how do you keep it going after the leader is dead? and you have to get a zawahiri credit. when we had 9/11, there are about 400 guys who are in al-qaeda. and now, there are estimates that it's more like 40,000. there are accounts, from al-qaeda affiliates, from morocco all the way to india. so, we cannot say that zawahiri's leadership has been a

for intel -- >> with wages?hink the wage is may be higher. >> because no one ever thought, what is the problem with thailand? what a great thing to make things. close to china. >> the difference is, it is not like taiwan -- i spent a huge amount of time in taiwan. >> you have? >> i was hoping that would not be the case. if you do not have asmlf to ban china, not to mention kla, and the open fellowship search, the new don't have anything because you don't have buildings. remember, the ip is all u.s. which of these companies. but, if we sent them over there, it makes our country week. >> we spent a lot of money to potentially keep it here. >>> while we are on, nvidia day two . >> i said, that is just wrong. >> up 2% this morning. it is still well off its 52 low of about 140 bucks. >> gaming. once again, gaming has become the black hole, not unlike docusign, not unlike peleton. >> right. >> you just gain less. to his great credit, he said he would never tell you that it was written recession resistant but a lot of

you have this unique position on oversight and intel. the level of being a national security threat but the fact that you have here the attorney general who is going after the president biden's political rival, whose own personal career was derailed on the way to the supreme court by donald trump himself, we have the clearance, we have the oversight ability. attorney general garland needs to provide the materials. we have bipartisan calls. put the materials in a room and let us see them. >> do you agree with him? do you want to see them now? >> i'd like to see them but i don't need to see them because the president doesn't own these documents. this is not just please give us documents back and then they go and get a search warrant. this was a year and a half of negotiations with donald trump and then him filing lawsuits and making pufalse claims. he doesn't own them. so regardless of whether or not we get to see them, the fact they have been identified as sensitive come partmentalized information suggests that we're talking about our mos

we can't talk about amd without talking about intel.es were up 83% year-over- year while intel's were down 16%. on the cp side for consumers, amd of 25% intel down 25%. even if the economy does flow, and he has the opportunity to grow because it is gaining share. without being in the manufacturing world, their risks are lower because they don't have that expense to worry about. >> we have to leave it there. thank you very much. joanne feeney of advisors. >>> more power launches coming up, next. (cool guy) $30...that's awesome. (mom) it's their best unlimited price ever. (woman) for $30 a line, i'm switching now. (vo) the network you want. the price you love. only from verizon. bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. ♪ ♪ ♪ ♪ ♪ ♪ >>> welcome back to power lines. and shiny stock that is m

on friday, biden announced -- new members, a white house that advises the president on intel matters. court, and if you are familiar with washington, this is shocking, the former chief of staff for the cia in the pentagon. jeremy bash, along with dozens of other not totally disgraced -- in the x intel industry -- lying and claiming that a laptop had "all the classic earmarks of a russian information operation." that was a lie, flat out. they did it to influence the election, and they repeated it on television. >> this looks like russian intelligence, walks like russian intelligence, talks like russian intelligence. new york -- giuliana, "the new york post," digging up that suppose a dirt on joe biden. it looks like a classic russian playbook disinformation cam campaign. >> you like, jeremy bash. there was zero evidence to back commit and you and a bunch of other creeks in the intel community -- and that's a crime. now, jeremy bash has even more power. most -- the doj's search warrant against mar-a-lago -- but there is one name that appears. they also happen to be a guest on this show.

so obviously the intel community now needs to know do we need to pull any sources out? do we need to change our methods here? because, of course, there was signals and intelligence that was in these documents according to the fbi, there were things that foreign nationals were not supposed to see. so the intel community now is going to be conducting this damage assessment to see whether or not they need to change anything, whether there needs to be any kind of mitigation done here to protect sources and methods. >> thank you so much. later this hour, former director of national intelligence james clapper will join us to talk about classified documents and how mishandling them impacts our national security. >>> the redacted affidavit, 38 pages long, much of it blacked out but much of it also very illuminating. producers and researched have sifted through it all and cnn's marshall cohen is here to walk us through what we learned from it. what are some of the key takeaways here? >> before we dive into the takeaways, just remember how we got here for a moment. this is about

you've got intel suffering from the same macro weakness, even though intel ceo wants to convince investorsompany though is also suffering interm execution issues, pushing its full-year guidance down dramatically its stock plunged 8.5% just last friday, so this is paving the way for intel's competitor amd, and amd earnings are out tomorrow after the bell. you can see the stock moving up higher today, up over 3.5% and, of course, the chips and we keep talking about it driving the stocks and smh higher, actually 16% higher just last month alone, and we know that intel and micron are probably the obvious winners given the side of the cap "x" t billion spent over course of five years possibly dampening immediate impact carl >> kristina, thanks. watching on semis as we keep our eye on chips. >>> meantime a quick programming note going to break. we said earlier caterpillar's chief sdwroin joins us break it down tomorrow morning, bellwether numbers for q2. cramer is excited about this one. supply chain, currencies, energy, mining, you name t. ism manufacturing read, slowest growth in a few years b

intel is going to break ground on next gen semi conductor factories in central ohio in fall. that is a step forward. macron is announcing a $40 billion investment in memory chip manufacturing, which will create 40,000 new jobs. qualcomm and global foundries are announcing a new partnership, including 42 -- 4.2 billion in chips and manufacturing. it will increase chip manufacturing in the u.s. we will have more specifics on when we will see a direct effect. >> i understand, the independence of the justice department. politically and in terms of the optics of this, are you concerned about how it looks for the justice department to be investigating and raiding the home of the former president who may very well be the current president's rival in 2024. karine: we're not going to comment on any ongoing investigations from here. >> karine: i will say this. the president and the white house learned about this fbi search from public reports. we learn just like the american public did yesterday. we did not have advanced notice of this activity. president biden has been clear from befo

welcome. >> thank you. >> are we sure intel is going to be the best steward of all of these funds?t looking at the fact that its shares peaked and have fallen in half over the past 18 months, you know their struggles better than i. >> well, there's a lot going on here in what you're saying about the numbers, but, you know, first of all, the third quarter is never a great quarter for technology if you think about it, people are out and about and not inside buying product, and secondly, we know that intel is doing everything it can to make investment in what will make it the leader in chip design, so the ceo has said we're not doing stock buybacks and we're making this investment. that might affect the market for a while. but the story today is the united states is sending a big message that we're going to invest in bringing the manufacturing sector of semiconductors back to the united states, growing our percentage of that because we have supply chain problems, and making sure that we have the science and technology to lead in the next generation of design so that we know this is in

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kraft, heinz, or intel? >> remember this, obviously, you know this. we want your advice. my son wants you to tell him. >> give me something else. how about we are giving him to j&j. we are not going to let him do crafts, heinz, or intel. we stand for youth on mad money. that is our plan. we are not backing away from it. >> let us go to kenneth in new york. >> hague, how are you doing? >> i am doing well. how are you doing? >> i am doing okay. i wanted to get your thoughts on jenna rack holding. >> i like the company very much. it is your hope in a grand universe. i say goodbye to generac. >> how about peter in new jersey. >> >> jackie and i have a couple of stocks that we are not treating but holding through facebook and google. if you're going to add into it, if there is any life in it, snap. what do you think? holding it for two years? >> no life. we are going to have to worry about snap for now. i like both of the other stocks better. the one on google has gotten in trouble with the justice department as well. that is my game plan for you. >> i can't endorse the money