Stocks Continue Thursdays Selloff, Intel Tumbles, Goldman Settles 1MDB Case, Verizon CEO On His Companys Results
b'The \\u201cSquawk on the Street\\u201d team discusses the continued selloff after yesterday\\u2019s losses.\\xa0Tensions continuing to ramp up as China orders the closure of a U.S. consulate in Chengdu, a retaliation move after Washington shut the Chinese consulate in Houston earlier this week.\\xa0Shares of Intel getting hammered after saying its next-generation chips will come out 6 months later than expected.\\xa0The company did report earnings that were 12 cents above estimates, while its revenue also came in above forecasts.\\xa0On the flip side, rival AMD, getting a boost because it already has a \\u201c7nm\\u201d chip on the market.\\xa0Plus, Goldman Sachs reaching a $3.9 billion dollar settlement with the Malaysian government over its multi-billion dollar 1MDB scandal.\\xa0The CEO of Verizon, Hans Vestberg, joins the \\u201cSquawk on the Street\\u201d team to discuss his company\\u2019s results after beating on both the top and bottom line.\\xa0Vestberg also commenting on the negative impact from COVID-19, ad spending revenues and the road ahead.'