4.3 • 1.2K Ratings
🗓️ 22 October 2020
⏱️ 44 minutes
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0:00.0 | I'm Melissa Lee and this is Fast Monday. |
0:03.7 | Tonight's trader up, Gai Domi, Tim Seymour, Bono, Eison, and Karen Finnerman. |
0:07.2 | Tonight on Fast, we are tracking the after-hours action and chairs of Gilead, the stock |
0:11.5 | popping on FDA approval of its coronavirus treatment |
0:14.8 | Rondesivir. |
0:15.8 | We'll bring you all the details straight ahead. |
0:17.7 | Plus, bonds, banks and builders, why a big breakout in yields could lead to a big breakdown |
0:22.2 | for one key part of the market and later |
0:23.9 | bald madness today and shares of gap what the retailer said about the future |
0:27.7 | that sent that stock flying off the rack but we start off with an earnings |
0:31.4 | alert on Intel the semi-stock dropping in the after hours after reporting results. |
0:35.3 | Josh Lipton's got all the details. Josh. |
0:37.4 | So Melissa, I just checked in with CJ Muse over at Evercore. |
0:41.6 | He covers the name, rates Intel and Neutral. |
0:43.6 | I wanted his take. |
0:44.7 | CJ's calling this a disappointing report relative to expectations. |
0:48.2 | Says the all-important DCG business disappointed, he's referring there to those higher margin server chips. |
0:55.2 | Revenue came in at 5.9 billion. |
0:57.3 | Street was looking for close to 6.22 billion. |
1:00.1 | Within that unit, CJ saying it looks like cloud demand is holding up, but enterprise and government not so much. |
1:06.7 | Bottom line, CJ arguing investor apathy likely to continue because he's saying there's just too many uncertainties here |
1:13.7 | how to get the manufacturing strategy together he says and how much of a |
... |
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