abu dhabi government so if they were to slim down operations, if they were to spin off perhaps as loeb it in the letter, some failed acquisitions that they've made in recent years, who would be the owners and what would that mean for national security implications as far as ownership goes david, i think that's an interesting question i know you reported earlier that they have hired an adviser i know you'll potentially be quite busy on the m&a front with this situation in particular when we look at national security, how exactly does intel pursue these strategic alternatives in a way that would ensure that they still have those end goals from that standpoint >> it's a great point, leslie, and a key one. one that we have talked to bob swan about as the company is making those key decisions about its manufacturing and how much will it move away from, what will it consider in terms of outsourcing for some of its chips to the likes of taiwan's semi or even samsung there is this belief, i think, in the third point camp that you could separate manufacturing to some extent using joint ventures

begun thinkingdy whether it wants to export chip loeb samsung before loeb built a stake in the chipmakers been struggling with and itng advanced chips is now widely reckoned intel is lagging behind tsmc when it comes to fabrication technology. an intel officer has said he will decide about outsourcing in 2021. that would be a good change for intel loeb. chip design and manufacturing. intel may be thing about the , earlier this year. the latest on dan loeb's push on intel. coming up, the ceo of russia's thereign wealth fund says vaccine is more like a blind winetasting. this is bloomberg. ♪ manus: russia reported a record number of covid-19 related deaths. 135,000. a jump from october. this is the pandemic worsens. massa has become -- begun vaccinations with a homegrown vaccine. a russian direct investment fund safe and mayine is -- many people wanted despite the negative narrative being pushed. .e spoke to bloomberg >> lots of people who want to get the shot, our estimate is more than 22% of people would like to get vaccinated in near term. others similar to many nations, about 50-50. as

obviously if dan loeb is talking about potentially doing that at the 2021 annual meeting. up know, depending on what the company's response to this letter, which we've now made public is going to do. >> yeah. and that of course is the ultimate threat, especially in a first public letter, you know, we don't know what they've been discussing behind the scenes, if they've been talking behind the scenes, it appears from this letter they have been speaking privately. also worth noting that reuters has stake in intel of about a billion dollars, which is significant. slightly trailing the s&p but significant return typically when we see activists lean into sectors that have been in favor, they do look for areas -- some of the larger cap names that could subsist beyond a potential downturn or something like that. this is a really interesting name for the firm, especially given the performance as of late >> the disney thing has been such an overwhelming success in a reasonably short period of time i remember we did that news, it broke on this program when we were talking about it a

loeb wants them to do, it's still going to be a long turn-around, right you're not going to change the brain drain overnight. you're not going to change the lack of market share that they have given up to lisa su and amd. yet, you've stuck with the story. make you have some remorse in the fact that you've done that, but do you think that the story can be turned. >> absolutely i do but, it's not going to be easy, scott. it is going to be challenging. and they are going to have to make some really difficult decisions. and if somebody like dan loeb and maybe some others want to get in there and have a part of this, because i don't think that we've got the framework there still. that's why i've still been holding on to the stock. the disappointments have absolutely been adding up to where there's absolute frustration. but it's very similar to me like i said with ibm. that acquisition of red hat i think positioned ibm into the future and really could be something very, very meaningful for the company. it doesn't happen overnight but it's something into the future that i think really can cha

loeb really does have a pain the average semiconductor is up 18%, intel down 18%. the last two earnings reports have been disastrous for the company so i think he brings up very valid points. deer drag, you were going to say something. >> go ahead. >> i'm surpriseded there's not more attention on the co.o. bob swan one of the biggest issues for the company is he's not an engineer he's finance guy and that has sort of the hurt them in terms of retaining talent, something that loeb identification and i think the stakes are just so high here. intel has been one of the greatest manufacturers that the country has seen there's nothing strategic sort of importance here so i think at the very least. >> yeah. >> shareholders are at least glad and probably, you know, our defense and security officials are probably glad that something is happening >> you're right. you're absolutely right. we'll leave it there deirdre bosa, bob pinsy and leslie picker for this edition of "rapid fire." still ahead. we all know covid is an airborne disease but coming up we'll meet the ceo of a c

. >>> plus daniel loeb turning his eye toward venture capitalism. >>> and providing a critical life linelive music venue, what billions from the federal government will do for closed theaters all across the country. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. >>> welcome back today marks one year since the first cases of coronavirus were reported in china. what was initially a virus contained just to that country soon began to spread all around the world and continues to rage on globally today. yo eunice yoon is joining us from beijing. where does the outbreak stand today? >> reporter: well, you know, things here look normal. for example, at this restaurant, they are preparing for their new year's eve celebrations a

and when we come barkcome back,g into dan loeb's suggestions to intel's board. in fact there is the chart right now though as we head to a break, let's take a look at the biggest pre-market gainers in the nasdaq 100 folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq >>> welcome back dan loeb's activist fund third point is urging intel to explore strategic alternatives after the chip maker lost market share to samsung, amd and tsmc. in alert, loeb said intel should consider divesting failed acquisitions and that it had more recommendations that it would like to make to intel privately. third point recently took a stake in intel worth about $1 billion according to roieuters intel says that it welcomes input from all inv

dan loeb's 30 point is asking the chipmaker consider strategic alternatives whether it should remain its peers in 2020. it has fallen 18% and had lot of product delays. they had exits by the lot of designers. the latter urgent issue for mr. lobe's letter. intel was considering outsourcing production of some of its more advanced chips. we'll see. this is obviously one of the bigger stocks we watch. the stock is up almost 5% right now. dan loeb making his way through as you normally does. >>> the road to 2021 is getting shorter and our "countdown" closer has some big payout stocks you should be riding into the new year. let's bring in brian yacktman, ycg fund cio. good to have you here. >> thanks to having me on, cheryl. cheryl: i did a trouble take. you called them to takers. explain what a toll takers is. >> business extracting tolls on their activity within their industry whatever respective industry they're in. cheryl: so some of the names, i will go through the names irguess. you say moody's, s&p global is a toll taker. explain how and why that is? >> essentially they're like a to

connor loeb. robin smith. susan nichols. steven rzeppa. helen moore. ichael kerwin.le allen. huck browning. i rebro deuce the chief justice for the purpose of readministering the oath of ffice to sharon baseman. >> thank you. ms. baseman, please rise. repeat after the. i do solemnly swear i will support the constitution of the united states. >> i do solemnly swear i will support the constitution of the united states. >> and the state of michigan and i will faithfully discharge the duties of the office of elector of president and vice president f the united states. of the office of elector. of president and vice president of the united states. according to the best of my ability. you may be seated and please take this opportunity to sign the written oath of office that is at your desk. [applause] lt. gov. gilchrest: thank you, justice mccor him. with the vacancy in the office of elector of president and vice president of the united states now filled, the electors will do their duty according to the laws of the united states, an laws of the great state of michiganful n

president donald trump's presidency barrels forward into its eventual loeb libyan on january 20th many have been speculating and just who will bestow the ever coveted presidential pardon on next after handing down pardons like candy to the legs of michael flynn roger stone could gerrard kirshner get one steven miller rudy giuliani even even steve banned then but through all the will he won't t. who will be there has been one solid study cry for justice coming from the supporters of wiki leaks founder julian assange. currently wasting away and reported 23 hour lockdown of britain's notorious belmarsh prison a songe and his lawyers continue to fight against his extradition to the united states in london courts songe faces multiple indictments in the u.s. including the chilling charge of violating the espionage act which carries up to over 100 years in prison if convicted sons of supporters which include everyone from whistleblower an american hero edward snowden to famed journalist john pilger along with over $7600.00 others have signed a letter asking president donald trump to pardon th

opposed to the protesters on the other side of the aisle being treated in it with much more kick loeb's like when you saw those guys roll up and in the michigan armed to the teeth and walking into a state house and the police just saying ok cool you know but yet you see you know journalists and protesters getting beat would but tongs and shields and everything else across the country you saw the difference in how argo and how institutions. you know the difference of the 2 protesters you're absolutely correct and i think that we also have to recognize that this is a core native effort these churches were not you know willy nilly chose and there are several black churches throughout d.c. these 2 specific churches have a historical context one of them was the site of project douglass funeral the other is one that has been visited by former president barack obama visited by civil rights leaders across multiple generations these are places that mean a lot to the black community to pierce who is dean of the howard university school of bit of divinity called the incident acts of both racial te

coming up on bbc news — the nine—time world rally champion sebastien loeb will race for lewis hamilton'ss in areas affected by climate change. the european commission president, ursula von der leyen, has told eu leaders that a trade deal with the uk before sunday's deadline is unlikely, describing the talks as difficult. her comments come after the prime minister urged businesses to prepare for a no—deal brexit when the transition period ends at the end of the month. speaking this morning, borisjohnson said it was very likely that from 1st january, the uk would have to trade with the eu on world trade organisation terms. here's our political correspondent iain watson. leaders met in brussels today, while negotiations with the uk went on behind closed doors. no deal remains a possibility but the government says this would not be so bad, it could look like this, a road without so much sunshine. ministers say we can trade with the eu on australian terms. after all, they don't have a free trade deal with the eu and they are doing ok. free trade deal with the eu and they are doing 0k. it is l

and being pushed by dan loeb potentially, think about selling noncore assets, not clear. i don't think they considered it at all at this point based on what i heard at intel. let's get a check of what else is driving today's market action with bob pisani. good morning, bob. >> good morning. good to see you, david so we're essentially at new highs. let's not quibble about a few points this is a market that doesn't say no to anything vaccine news, good, bad, all right, stimulus, not sure what exactly is go on with the $2,000 checks but market is okay. take a look with what's going on you'll notice emerging markets have been doing great recently new high on the eem there, weak dollar helping that out. we have china, one of the best performing markets in the world. want to watch mchi, that owns hong kong, mainland china and u.s.-based china stocks. that's up 25, 28% on the year. tech, of course, has been the outstanding performer on the year, up 40% consumer discretionary as well, of course. that's got amazon in it. that's up 30% or so. the banks had a nice little rally in th

remember dan loeb pushing disney to suspend dividends?this case, and the reason why the stock is trading at these record or levels, and most of those gains, by the way, just in the last few months. david: and, again, david bahnsen, who was just on with us, a big fan of that, they have a dividend of about 3% on intel. >> looked at you, yeah. david: take a look aters-commerce retailer -- e-commerce retailer jd.com. >> it's another chinese amazon, second after alibaba in china, they're looking to spin off their cloud and artificial intelligence units, and just like amazon and alibaba, we know jd has been pushing into the more lucrative fields of cloud computing and a.i., and they're trying to spin out these faster-growing, money-making units x this is something that amazon analysts have been pushing jeff bezos to do. new but this might be a smart move for jd. i want to show you alibaba today. look at this recovery that we've seen in the stock from those historic losses last week, and the journal reporting a deal might have been struck with b

that would be exciting mine, by the way, was lisa loeb, someone who i loved, loved, loved growing up as much fun as having steve so i think part of the beauty of cameo is we have 35,000 people and the person that picked lisa for you, knew you so well that they knew that was the perfect gift for you >> yes it was very me steven, thank you very much. happy holidays. >> thanks for having me. merry christmas, everyone. >>> and personalized celebrity videos aren't the only hot gift this holiday season. find out why the price tag on gifting stocks this year has gotten sliced when "closing bell" comes right back stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. schwab. on the 5g america's been waiting for. now, get iphone 12 this new iphone plus verizon 5g is incredible. switch and get iphone 12 on us. unli

loeb was world champion nine times in a row in a career including 79 rally wins up until 2012.so feature cristina gutierrez, an up—and—coming spanish driver. paris saint germain are set to make another bid for dele alli in next month's transfer window. they want to sign him on loan from tottenham. alli is becoming increasingly frustrated at spurs — he's only started one premier league game this season and hasn't played at all in the league for over two months. he was clearly unhappy at being left on the bench for last night's europa league win over royal antwerp. psg tried to sign him in the summer but couldn't agree a deal. english golfer matt fitzpatrick is one shot of the clubhouse lead at the season—ending world tour championship — he's picked up five shots so far in his second round, to move to nine—under through 13 holes. american patrick reed, who's aiming to win the race to dubai finished his round on ten under, that the target there. and it's fellow american amy olsen who has the first—round lead at the final major of the year, the delayed us women's open in houston, t

loeb is investor dan calling on intel to explore possible breakup of assets.cant stake in intel and says he intends to push for change at the board level. dramatically has underperformed, losing more than $60 billion in market value this year alone. a loss of a cheek -- chief executive this week with no long-term investor insight and is also reportedly losing other senior figures. ciao, told the hr had,, left this year from that u.k. exchanges, and a full-time chief executive will be named later. we have an exclusive interview with charles lee. about what transformed the city into the world's top fundraising venue. this is bloomberg. ♪ karina: this is daybreak: asia. checkss to boost relief for american households $2000 stumbled in the senate with majority leader mitch mcconnell blocking democrat hopes of a quick action. this move triggered anger from president trump who tweeted republicans may have a death wish by failing to act. higher checks it would cost $460 billion, which worries a fiscally conservative republicans. russia is stepping up pressure on oppo