Carl Quintanilla, Jim Cramer and David Faber discussed in-depth the big news that David broke: Bob Swan is stepping down as CEO of Intel after nearly two years on the job. He will be succeeded next month by VMWare CEO Patrick Gelsinger.
Intel shares surging on that news. The anchors explored what the CEO change could mean for both Intel and the semiconductor industry. They also harkened back to when Swan told CNBC that he didn't want the CEO job.
Also in focus: The House of Representatives preparing to vote on impeaching President Trump for a second time, Amazon responds to Parler's lawsuit as the big tech/social media/free speech battle heats up, Johnson & Johnson's COVID-19 vaccine production falling behind schedule according to a report, Target reporting upbeat holiday sales, and fintech company Affirm's IPO. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street