Intel’s Chips in the Heartland, Nasdaq Woes, & What’s Next in the Peloton Cycle

The Nasdaq is firmly in correction territory, with Peloton and Netflix leading the slide downhill. Veteran investor Jeremy Grantham says there’s more to come, predicting a multi-asset bubble burst, resulting in a 45% decline in stocks. After CNBC’s report that Peloton would halt production of its products and concerns about insider trades in the c-suite, Peloton’s been on a bumpy ride. Its stock price returning to earth from the stratosphere could make it a good target for M&A, maybe even Apple. Plus, Intel is pouring $20 billion on two new manufacturing plants outside of Columbus, Ohio. CEO Pat Gelsinger and CNBC’s Jon Fortt discuss the news, the state of American production, and staying competitive on the global stage. 

 

In this episode:

Pat Gelsinger, @PGelsinger

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin
Jon Fortt, @jonfortt

Katie Kramer, @Kramer_Katie

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