a shakeup at intel, the chief executive is out in the chipmaker said he had a contentious -- a consensualelationship with employee. the boe said it's chief economist is causing death is calling for a rate increase and daimler blames trade tensions for lower suv sales and we will talk to an analyst to says trade policy may not be the driving force behind the company's outlook. have a look at what's happening to european equities. they are falling but were rising earlier in our down for the fourth day of five. it's a risk off day once again. the ftse is down by 2%. the italian political concerns are affecting markets. all the european indices are lower today. , no movinge today rates, no change in the qe program but they have a split. the ceo joined the hawks on the industryhe result is rate probability has moved up. sterling is rising, it was falling out of that. risinger currencies are against the dollar. we've got the japanese 10 year and the italian 10 year up 10 basis points. let's get to the big story which happened after the close last night. the news that msci including saudi arabia

a shakeup at intel, the ceo is out. the chipmaker reveals he had a consensual relationship with an employee, a violation of company policy. first, to our top story. u.s. lawmakers push back against president trump's attempt to save a chinese telecom maker. senators passed a bill to restore penalties, cutting off chips and to the components it needs to build smartphones and network equipment. senator chris van hollen spoke to bloomberg to explain why lawmakers moved to pass what could be a death sentence for zte. >> zte poses a national security threat to the united states through their telecommunications network. on top of that, they violated u.s. sanctions multiple times, flagrantly. they tried to cover it up, so there is no reason to let them off the hook. emily: but president trump is not backing down, here is wilbur ross, speaking on bloomberg television thursday, saying there might be a compromise, but the government will take action if violations continue. >> we have taken over $2 billion in fines. for the first t

a shakeup at intel, the chief executive is out in the chipmaker said he had a contentious -- a consensualp with employee. the boe said it's chief economist is causing death is calling for a rate increase and daimler blames trade tensions for lower suv sales and we will talk to an analyst to says trade policy may not be the driving force behind the company's outlook. have a look at what's happening to european equities. they are falling but were rising earlier in our down for the fourth day of five. it's a risk off day

. ♪ a shocking shakeup at the top of the biggest u.s. chipmaker. inteleo brian krzanich resigned after the company learned he had a consensual relationship with an employee, which is a violation of intel policy. krzanich moved up the ranks at intel over more than three decades, becoming ceo in 2013. he oversaw the company through an era of intense consolidation and competition in the industry, but he leaves much unfinished. he was in the middle of trying to make intel into a more general provider of chips and navigating the company through a massive chip design flaw. ian, you probably know more about intel than any other journalist in the world. hat happened here? ian: this is obviously shocking. this happened all of a sudden, and we're still looking into exactly what happened, what kind of relationship there was. this is very much an ongoing process. the company is trying to draw a line under this and move on, but i don't think they will be allowed to let that happen. and you have written about yourself, this kind of behavior is no longer something that

a surprised shakeup at the top of the world's largest maker of semiconductors. intel lived therceaft they learned he previously had a consensual relationship with an employee. that is a violation of intel policies. he was the ceo for five years. internet retail stocks are trending lower today after a 1992 decision was overturned. justices decided state and local goves collect sales tax from internet real tellers that don't charge tax to their customers. had protected retailers from collecting taxes if they did not have a physical presence in the state. that is your business flash update. we saw strong reactions. amazon the largest. thishad been preparing for and collecting the sales tax and getting its systems ready to do so. others have been less prepared. they will have to be a process. i am curious to see wha consumers do. will there be a decline once the prices go up next to taxes? >> will we have to pay more? for smaller companies, they will need to spend more trying to deal with thousands of different u.s. tax jurisdictions. will this for the supreme court to co