Snap shares, Chip crunch, Consumer discretionary names

Shares of Snap are sinking on news that the company’s advertising business was disrupted by privacy changes introduced by Apple earlier this year. Clockwise Capital’s James Cakmak joins with his take. Plus, Intel earnings showed that the company can’t keep up with PC and chip demand. Raymond James’ Chris Caso joins to discuss whether the miss has to do with the broader industry chip crunch. And Jon Najarian joins to discuss the consumer discretionary names he is watching, amid the strength of the consumer today.