nest nestle i m morgan brennan. that news on boeing is shaving about 100 points off the dow concerns about the china coronavirus are frustrating emerging markets software stocks did help the nasdaq hit an intraday all time high earlier joining us for the hour is steve weiss. great to have you. we certainly have seen major averages take a leg lower between this first confirmed case of the coronavirus here in the u.s. and then this news from boeing pushing out its forecast for return to service to the summer you still invested in boeing so i said on the halftime report, i think thursday, i told just about a tag into my position that morning then the news hit later in the day. now we get a statement i was looking at it this morning. you hate to be reminded you re losing money i figure if the stock, when the max goes back stock maybe misses on the first 10% but i won t have to deal with that and losing capital here s the statement from the company. i ll read the first few w
events. , we ll conomic downturn talk to one bullish investor in beijing. seven months since brian was ousted of c.e.o. of ntel and bob swan has been filling in for him ever since, intel s interim c.e.o. has said the fulltime nt job. according to sources, some of the top names that were on the longer in thee no running, names like former intel james, former c.o. o. what challenges are next? e have ian king who covers intel and the managing director and senior semiconductor analyst. start with you, who are the frontrunners? we shouldthe problem, know, prior to intel s history has a regular program of bringing talent and people to the forefront and having it all managed effectively. leaving early for reasons that weren t his own and one of the ther things he did was interrupt the senior management circle with an obvious successor. emily: there is no obvious successor. there are a lot of theories. are they?at senior executives on the inside, you have people on the like renee
industry is booming in asia despite an economic downturn. we ll talk to one bullish investor in beijing. first to our top story, it s been nearly seven months since the ceo of intel has been ousted. another has been filling in for him ever since. the interim ceo says he does not want the full-time job. according to sources, some of the top names that were on the wanted list are no longer in the running names like former intel , president renee james, former qualcomm coo. what challenges are next? to answer that, we have got, of ian king whoberg s , covers intel and the managing director and senior semiconductor analyst. ian, i ll start with you, who are the frontrunners? ian: that s the problem. we should know, prior to intel s history has a regular program of developing talent and bringing people to the forefront and having it all managed effectively. he left early for reasons that weren t his own and one of the other things he did was interrupt the senior management circle
billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by hewlett packard. in other words, it s fraud. after autonomy s founder and ceo michael lynch was fired by meg whitman, sources close to the company tell me a senior executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. hp began an investigation and concluded that these accounting improprieties inflated the value by $5.3 billion. the ceo then relied on audited financials when making a bid to buy the company. those financials were audited but there were plenty of investors out there who questioned autonomy s growth rate. sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. the company was selling computer hardware. desk top computers, it s a software company at a los
the light and target talks about consumers, higher taxes, unemployment, really looking to the gradual economy as one of the reasons they re not meeting their profits. adam: following breaking news in the senate voting to adopt the so-called nuclear option, changing the rules when it comes to filibuster. rich edson in washington with how this could have implications on the confirmation of janet yellen to become the next head of the fed. of the senate had voted this morning on janet yellen s nomination the chair of the federal reserve she would have likely needed 60 votes. now she only needs 51 and that is the case for any of the president s executive nominees for federal judges. harry reid has just exercise the nuclear option, changing the rules of the u.s. senate. democrats say republicans of blocked president obama s judicial nominees longer and more frequently than any senate minority in history. the american people, democrats, republicans, independentss are fed up with