It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action.

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kinkton-A with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. Pretty steady open as we kick off trading for the month of December, coming off the best month of the year so far. A lot of news this morning in autos, semis, media, tech, and of course, retail.

Our roadmap's. best month of the year so far. A lot of news this morning in autos, semis, media, tech, and of course,

retail. Our roadmap's going to begin with that shakeup at Intel. Pat Gelsinger is out three years after taking the helm with those hopes of a turnaround. Plus, we continue to be on record

watch for Wall Street and retail. Stocks are coming off the best month of the year. Shoppers log in nearly

11 billion in online spending that to kick off the holiday season. And Trump's new tariff

threat, the president-elect calling for a 100% tariff on the so-called brick nations, that is,

if they were to act to undermine the U.S. dollar.

Let's begin with a shake-up at Intel, which has, of course, lagged chip rivals, such as NVIDIA when it comes to AI.

The company says Pat Gelsinger has retired and is stepping down from the board.

Senior leaders David Zinsner and Michelle Johnston Holdhouse have been named the interim co-ceeos while the board of directors

conducts a search for a permanent chief executive, Jim. One of those retirements that's effective

immediately. Yeah, look, 63, I obviously didn't see it coming. Maybe go down as the man who

destroyed the most value of anyone I can recall.

Maybe we have some others of legitimate companies.

I think he was, there were others in the history even of Intel that made decisions that seem to have been.

That's true. Salespeople had taken over previously.

Yes, Alina, the decision not to go after Apple's business, for example, may have been a poor one.

Decision to not go into high-speed chips, by the way, which was made by Andy Grove.

Yeah.

I mean, Andy Grove being the most revered CEO of his era, but did miss entirely the graphics processing unit

because he felt that all that matter was the CPU.

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