aneeka gupta, director of research at wisdomtree.e china-hong kong border is set to reopen starting this weekend. more on that in your round up next. this is bloomberg. ♪ dani: let's check in on the first word headlines from around the world. the u.s. house voted to adjourn again after republican leader kevin mccarthy failed for the sixth time to be elected speaker. the vote fell largely along party lines. a later meeting failed to bring the two republican sides together. china is gradually reopening is border with hong kong starting from this sunday. the border has effectively shut since early 2020 as both places pursued a covid zero policy. china will require a negative pcr tests result or arrivals from the city. blackrock has suspended withdrawal requests from its u.k. property fund. bloomberg has learned the world's largest asset manager told clients that it will defer redemption requests due around now. the move highlights the sector's ongoing challenges while markets are volatile. global news, 24 hours a day, on air, and on blo

and the director of research at wisdomtree. have a great weekend. coming up, intel has given one of its gloomiest quarterly outlooks in its history. the ceo says the chipmaker remains steadfast for the long haul. we have the earnings breakdown next. this is bloomberg. ♪ tom: welcome back. intel shares plunged in -- ms sales range. the chip giant also gave one of the gloomiest quarterly forecasts in its history. we have been digging through the numbers. what is causing the drag at intel? >> computers, personal computers. we saw a lot of spending during the lockdowns as some people had more disposable income and some of that money was spent on electronics. now as personal finances have more squeeze, not as much is spent on that. tom: it should not come as a huge surprise to investors. that there would be a drag that plays out. >> i think the scope of the decline has been the sharp. in the current quarter, the market has been expecting $14 billion in revenue and intel is forecasting between $10.5 billion. that is pretty painful for a company that was f