Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight. On the out at Intel, Pat Galsinger ousted from the CEO spot at the

semi-company after nearly four years of lackluster results, but will new leadership be able to turn around a long, struggling stock?

We'll debate that. Plus, resilient retail retail consumer stocks have been outperforming the broader

market over the past month. Will holiday shoppers keep this trade in rally mode? And we're kicking

off Obesity Week here on Fast Money, former FDA Commissioner Scott Gottlieb on set to discuss the latest

developments in how the weight loss space could be impacted by the next administration.

I'm Melissa Lee. I'm going to be live from Studio B at the NASDAQ on the desk tonight.

Tim Seymour, Dan Nathan, Guy Adami, and Savita Suburbanian, head of U.S. Equity and Quantitative Strategy at Bank of America's Securities.

Welcome, Savita.

We start off with the Intel CEO shakeup. Pat Gelsinger abruptly pushed out from the top spot after almost four years at the helm.

The board announcing that the company's CFO and products head will take over as interim co-CEOs.

The U.S. chipmaker has struggled with declining market share and has failed to gain traction in the AI race.

The stock was down more than 60 percent under Gelsinger's tenure.

Today's news initially sent shares popping as much as 6 percent,

but the end of the session in the red, it was the only stock in the SMHETF down today with names

like Taiwan, Semi, Amat, Marvell, all seeing outsized gains. So what does this mean that this

news couldn't even get shares of Intel rallying. Seems like there's deeper troubles ahead, Guy.

You know, I want to be kind here, but then again, I don't want to be kind of.

We've not ever been kind to Pat Gelsinger because of the performance.

Just to five, so apparently we played a video.

I wasn't paying any attention.

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