Live in 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.

National Intel shares of the chip maker popping on report that the U.S. is considering taking a stake in the stock,

the precedent that would set in what it means for the chip sector.

And trade desk tumbles.

The ad tech stock dropping on reports a major client is pulling back from the

company. What will it take for shares to recover from here? Plus, Eli Lilly makes the moves on Manjaro, Corwi prumbles again ahead of lockup exploration, and Baba Babbles. Some major funds are selling the stock should you follow suit. I'm Melissa Lee. Come to you live from studio, be at the Nazak on the desk Tim Seymour, Steve Grasso, Karen Feinerman, and Guy Adami. We'll get into this morning's inflation data in just a moment, but first, shares of Intel spiking late in the day on reports the Trump administration is discussing taking a stake in the company that after Intel CEO Lip Butan visited President Trump at the White House just on Monday. Amon Jabriss is the very latest developments.

Amen.

Hey there, Melissa. What we've got now are a whole lot of no comments from all parties.

Starting with the White House, take a look at this statement they put out just a short time ago.

The White House saying discussion about hypothetical deals should be regarded as speculation

unless officially announced by the administration. That is a no comment. What you don't see

in there is a denial. Take a look at the Intel statement as well. Intel is deeply committed

to supporting President Trump's efforts to strengthening U.S. technology and manufacturing leadership.

We look forward to continuing to work with the Trump administration to advance these shared

priorities, but we are not going to comment on rumors or speculation.

There's that word again, speculation.

What you don't see in either statement is a denial that this is being discussed behind the scenes,

which is what the Bloomberg

report said, citing people familiar with the situation.

The Bloomberg report, a little bit thin on details, they don't have a price that the U.S.

government's going to pay for this stake.

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