Chip Wreck, and Never-ending Spending 1/27/23

Intel is the big loser today following brutal earnings results. The company missed targets, and also gave a weak forecast. So when will the “turnaround” take hold? We’ll speak with an analyst who says its transition is still in the early earnings. Plus, we just got another sign that inflation is starting to slow. And a key consumer sentiment number improved, too. But can the consumer remain strong enough to avoid a recession? We’ll debate.