caroline: pat gelsinger there., openai is further challenging google by adding a new set of search features that will let chatgpt users search for timely information. much as they would if they were using google. shearing the fiery joins us for more. now it is accessible if you are paying for chatgpt. how much is this going to make google and gemini a run for its money? >> i think this is going to be a potentially very big long-term competitor and threat to search as a whole. we have seen viral growth of consumer chatbots since chatgpt's release, setting records for the amount of users gained in a short period of time. if that continues and we see this consumer shift toward chatbots in a meaningful way, why wouldn't users start searching within chatbots rather than going to a website? ed: i got access to search through paying for chatgpt yesterday and you and i were looking at the apple version, that i think there is a benefit for our audience in you explaining what is different between chatgpt and when search is e

pat gelsinger and i are tight. that stock's done going down.t's ridiculous. >> by the way, i'm just reading "tight" means drunk. just letting you know. hemingway. >> pat doesn't drink. >> talk about being inconsistent. isn't he a wall of shame alum? >> no, intel bottomed. that was a very good quarter. pat gelsinger showed tremendous humility, and i think that matters because before, we got bravado and he basically said, listen, we're a little behind, we need to catch up. they don't have any real -- >> speaking of inconsistencies, are you now going positive on intel? >> yes. >> is that what i'm hearing? >> absolutely. >> what? >> i am. >> what? >> what if -- what if speaker johnson and a president trump try to repeal the chips act as we heard a lot about friday night? >> just have empty shell buildings? >> intel hasn't got any money yet anyway. they haven't met the certain benchmarks they need to. >> your pals at brookfield, they made it happen. >> i wasn't here on friday or thursday, so it -- if i missed this -- >> try not to miss work. >> oh,

this really frees up pat gelsinger to deliver on the most audacious rebuilding plan ever.ht down as an opportunity to move along. let's move on to apple. dan ives says this was a prove me quarter. iphone sales, $46.2 billion, beat relative to last year, but it is the guidance going into this selling season. the street was looking for 7%. that is a real offer side. china didn't do spectacularly well, $15 billion, lighter than last year. they keep selling product into china that people don't want. big oil, down 20% from its april period. sherrod brown up this morning -- chevron up this morning. structural cost cuts are in, $3 billion. they are still promising to be one of the bigger buyback players. jonathan: manus cranny, appreciate it. crude is higher by 1.8% on wti. under surveillance this morning, axios reporting that is really intelligence believes iran is preparing another attack. strikes could happen even before tuesday. iran is preparing to use drones and ballistic missiles from their territory. lisa: the white house said they thought this was the end of the latest t

it comes amid the chip maker's restructuring initiative which ceo pat gelsinger called the most seminalshare's history. >> pippa stevens. at> still ahead, we'll tell you wh's weighing on way fair after this section. we're back after this. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your

company adjusted profit excluding a $16 billion impairment charge and current quarter guidance ceo pat gelsinger says that outlook is actually tied to china. >> the pc market may be slightly smaller as people are looking at the finish of the year that said, i think everybody is expecting growth in the overall pc market for next year based on a major windows refresh, a.i. pc, a bit more global strength and china and recovery overall, we are well set up for q4 and for next year in the level of inventory > . >> let's stick with the big tech earnings good morning welcome to the show. >> good morning. thanks for having me on, frank. >> why don't we start off with amazon i thought it was interesting cloud missed estimates, but still the stock move higher. >> that's right. amazon did have a couple of ble blemishes. after yesterday, you might have thought it would get punished, but not amazon today i think a lot of that had to do with the profitability of the company which was the big surprise in the quarter is that huge amount of profitability on the bottom line and i think that gives investors a lot o

they were -- this was a humble pat gelsinger ceo. there was no flamboyance to him. we're going to take over the world, pinky and the brain attitude what i did hear was a company that has downsized, a company that is now spending within its means, and that quarterly loss, the biggest ever, does not tell the story of a company that's going to make it and they actually have some decent products coming out they stayed strong in a.i. pc and server you know, it's just -- it's fine it's not bad anymore >> right the guidance in line the a.i. chip will maybe miss targets, but no one seemed too shocked. this is gelsinger on inventory >> our client business, we made significant adjustments with our customers to lower inventory levels so we go into the rest of the year with a very good inventory position and a very robust product line for our client business overall. clearly, different segments of the market, like the desktop products, we weren't quite as strong this quarter, but overall, we're on it for the a.i. pc, our leadership there. >> so, you're done selling >> yeah. >>

company reported adjusted earnings of 17 cents per share versus a loss of 2 cents let's show you pat gelsinger on "closing bell overtime." >> great progress on business and foundry and a beat and raise. obviously, the markets are responding positively, but our view is we have a lot of work to do and a lot done this quarter a really solid quarter of execution. >> the quarter guidance coming in above analysts' estimates. >> usually if it bleeds, it bleeds this is how i would have done this story this is gap. we don't always do gap to report a loss of $16.6 billion which includes write cou downs for technology equipment and depreciation all that as gelsinger is turning the company around the largest loss in intel's history. revenue down 6% decline. then the expectations for the current quarter were not as bad as people thought. the stock, which is, you know, was actually almost under 20, is bouncing a little bit this morning. i don't know >> the write down was anticipated? >> not to that exttextent expected loss. >> expected to what is happening -- >> why did the analyst expect the loss of 1.1 bi