noah smith, we thank you. great writing and great perspective as always.ne thing that could be feeding inflation, some of the blockages we have seen in the chip space. let's look at the chip manufacturing. we can see it with intel taking the lead once again. we have discussed the move and how the business will do better. this is bloomberg. ♪ caroline: one of the major corporate stories of the day centers on intel. the chipmaker and bailing a plan to spend billions on reviving manufacturing, but the ceo is saying intel is back. joe: that's exactly right. multiple stories combining here, because we have the well-known ship shortage that is an acute thing, and -- chip shortage that is an acute thing, and intel announcing it will spend $20 billion on two new u.s. plants to do more manufacturing chips in house. we saw some weakness among the competitors. caroline: weakness among competitors? i am sure we will get the charts any moment now. joe: hey. caroline: there we have it, until down 2.3%, but it is the spillover effect. much lower than 5% at one point afte

bloomberg opinion columnist noah smith, we thank you for joining us.e writes columns on bloomberg. we have the fed coming up, right? romaine: i am told it is a big deal and there will be a special right here on bloomberg television. you can watch that tomorrow. we are talking about the potential tone change. i don't know. we will talk about it after the break. this is bloomberg ♪. -- this is bloomberg. ♪ caroline: today we are focused on the economic recovery and what could help fuel the comeback, but we were discussing earlier that one person we are worried about perhaps having to pay for these plans, secretary janet yellen. joe: it is interesting and you alluded to it earlier. despite all of the new debt and the rates, our share you to be excited to climb for several years. probably one of the meaningful letters there is. romaine: yeah. the data shows that. part of the culture war -- world? joe: i am sure it will become that. joining us now is brian. the most anticipated fed decision since the last one at least. what in your view could be the biggest

smith to join him on his farm harry. good morning, how are you? >> reporter: it's cool i'm great. noahno matter the role, you know kevin bacon always delivers. as husband to kiera, that appears to be true, as well. >> this is making bacon. his last name. he was an anniversary present along with his friend louie. >> reporter: what was her reaction to getting a goat as an anniversary present? >> she loved it. he is an incredibly affectionate animal. orter: there are alpacas too, and other critters at the farm in connecticut. bacon even sings to the goats. ♪ all of which is in keen contrast to his role as a total sleaze in showtime's "city on a hill." >> that was my good side don't you really want to see my bad side >> reporter: there's so much television i'm an episode or two and i move on very rare that ilt follow something all the way to the end. i watched the entire season of your show. >> oh, thanks. >> reporter: where did this guy come from? where did jackie come from >> i could see what he looked like i could see the way he would move i could hear his voice so in some ways, shockin