Intel is the story the margin story, the share loss or more. Looking forward to getting some more detail and clarity from the ceo of intel that will join us in just a few minutes. This is not all bad news there is a beat on the top and bottom lines really the focus is on manufacturing which is, you know, for generations literally it has been one of intells hallmarks and advantages now the manufacturing job not like i have seen ever in the period that i have been covering the company. Yeah, and john, i think it is a big question for the longer term what makes them so confident that it will be six months and i know we always play this game, but we always look at this, how much has intel shed. Perhaps, guys, what might matter most is that it has fallen blow nvidia they have been neck and neck going back and forth and that is probably the one that hurts. That is interesting i would say in a way less interesting than amd which is really head to head against intel right now in the argument a
Washington journal program. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Secretary of state mike pompeo appeared today before the Senate Foreign Relations Committee to testify about his 2021 budget requested. He was asked about President Trumps tweet about delaying the president ial election. From earlier today, this is just shy of three hours. The committee will come to order. Good morning, everyone. Today we have with us secretary of state mike pompeo to discuss the state departments fiscal year 2021 budget request. Though, if history is any judge, secretary pompeo, you will face a wide variety of questions which i know you can handle. The United States and our allies and partners continue to face serious foreign challenges that will test us for decades to come. China is our chief competitor. Russia too remains a key advair. The efforts of these nations to sow discord and undue the free and open Intern
The attention to spend, and maybe most bullish of all, prime pe penetration. They reached a record high level. We think globally they started around 150 million subs. We think they will exit this year doclose to 100 million sub. When were more bullish we will raise the price target how sticky do you expect that model to be based on the research you said some of those satisfaction results among consumers have come down a bit yeah, it is an issue we first saw it clipped down in our survey work, and why would satisfaction be falling and slipping at amazon it used to be high 80 of customers described themselves as very satisfied. That number now is in the high 60s. We think near term there was probably disappointment around covid disrupted deliveries i am worried they have increasingly put more and more vendors on the sight and they have sacrificed quality for selection. So those are some issues, but in the next five to ten years they need to get the satisfaction scores higher. Good mornin
Its been an unstoppable run for this stock up more than 160 from its lows in late march. One analyst think its got even more fuel in the tank. He will joins as power lunch starts right now the dow is higher for the sixth day in the row thats pacing for the longest winning streak since september lets get to bob for more on the markets. We are sitting at session highs. A little pop about an hour ago that was declared we had entered a recession in february. Let me show you because once again its the reopening story thats moving the tstocks laggig two weeks ago had been leadership groups. Tech is under performing its very interesting how its underperforming. Its not like they are selling them the volume is light in this sector its not a lot of buying interest the same with megacaps you know about the megacap leadership apple is at a new high this is another interesting group. Visa and mastercard have been monsters they have showing some lack of interest today a bit of rotation as we go int
Run continues. 111 s p new highs today as we watchaction in technology. Despite some downgrades and plenty of commentary from henl fu hedge fund managers. Alphabet becoming the fourth firm to reach a trillion dollars. The five Top Tech Companies account for 70 of the s p and worth 5 trillion combined happy friday, gent, go tshggente you. Good to see you barry, you had moves in markets, bull markets of the 90s compared to bull markets of the 20s you said we have not hit the blow off top but were on our way. If you look at the exponential trends, a curve increasing at an increasing rate that characterized the 1920s bull market. It characterized the 1990s this one has been more linear and it doesnt have the upward sloping curve since the 2009 low. So i find it hard to believe that weve seen the top because we have not entered that parabolic move how would you know when were close . Well, youll see the parabolic move that will be the first thing euphoria, a lot less doubt in the market i h