CNBC
How Micron's building the biggest U.S. chip fab #Shorts
- Title
- How Micron's building the biggest U.S. chip fab #Shorts
- Runtime
- 0:56
- Date posted
- 3 years ago
- Description
- Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. Watch the full video here: https://youtu.be/S3geK7xVDQU
- Title
- How Unprofitable Companies Stay In Business
- Runtime
- 10:01
- Date posted
- 3 years ago
- Description
- Some firms sustain their businesses by taking on more debt that they likely could never repay. Economists call them zombie companies. When compared to their peers, zombies are smaller in size and deliver lower returns to investors. These companies distort markets, keeping resources from their fundamentally sound competitors. Banks and governments keep zombie firms alive with bailout loans. As the Fed resets the economy with higher interest rates, many zombie firms are filing for bankruptcy.
Chapters:
00:00 — Introduction
01:46 — Zombies
03:35 — Bankruptcies
06:05 — The Lost Decade
07:15 — Debt and bailouts
Produced, shot and edited by: Carlos Walters
Animation: Alex Wood
Supervising Producer: Lindsey Jacobson
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About CNBC: From 'Wall Street' to 'Main Street' to ...
- Title
- How Homeowners Associations Took Over American Neighborhoods
- Runtime
- 13:51
- Date posted
- 3 years ago
- Description
- More than 80% of newly-built single-family homes sold in 2022 belonged to an HOA, according to the U.S. Census Bureau. HOAs tout themselves as a value-add to homeowners, specifically when it comes to maintaining high property value, but not everyone is pleased with HOAs. Fifty-seven percent of homeowners surveyed said they disliked living in an HOA with more than 3 in 10 homeowners saying they feel like the HOA has too much power.
Chapters:
00:00 — Introduction
01:06 — One HOA experience
05:46 — Benefits of HOAs
08:18 — Power dynamics
Produced, Shot and Edited by: Charlotte Morabito
Additional Camera and Color Correction: Mark Licea
Editorial Support: Juhohn Lee, Jack Hillyer
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, Jewel Inostroza, Jessica Navas
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- Title
- Why Americans Fell Out Of Love With Canned Tuna
- Runtime
- 12:59
- Date posted
- 3 years ago
- Description
- While traditionally, canned tuna was known to be a staple in American homes, consumption rates have fallen dramatically in the past couple of decades. Since 2000, per capita tuna consumption dropped 45.7%. That’s largely due to shifts in consumer preferences, but also a larger awareness around the industry’s steep market consolidation, issues around sustainability and transparency, and a major price-fixing scandal that lasted for years. In 2015 and 2019, Bumble Bee and StarKist were fined $25 million and $100 million respectively by the Department of Justice. Still, in 2020, the U.S. imported about 637.9 million pounds of tuna, 71% of that canned, the most of any country in the world. The industry is dominated by a few multinational conglomerates, the largest being Thai Union Group, also the owner of Chicken of the Sea. In 2020, the industry saw a significant rise in canned tuna demand, fueled by the Covid-19 pandemic as Americans turned to this affordable, protein-rich food. Howev...
- Title
- Window-washing robots are working on Manhattan skyscrapers #Shorts
- Runtime
- 0:55
- Date posted
- 3 years ago
- Description
- Skyline Robotics’ window-washing robot, Ozmo, has worked on major Manhattan buildings in partnership with the city’s largest commercial window cleaner Platinum and real estate giant The Durst Organization. More here: https://cnb.cx/3s5O5Hz
- Title
- Will China’s Real Estate Crisis Hit The Global Economy?
- Runtime
- 12:28
- Date posted
- 3 years ago
- Description
- China's real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China's real estate crisis as a big reason why.
"It's important to recognize that there is a longer-term challenge here, and that is we essentially have too large a construction sector in China, we have too large a real estate sector because underlying demand for apartments is declining," said Frederic Neumann, HSBC chief Asia economist, in an interview with CNBC. "We have slowing urbanization. We have declining demographics."
China's overall post-pandemic economic recovery has been less than stellar. Youth unemployment is at record levels, gross domestic product forecasts have been lowered and the ongoing real estate crisis has been hitting consumer confiden...
- Title
- Why The Singularity May Merge Humans And Machines: Nouriel Roubini
- Runtime
- 10:15
- Date posted
- 3 years ago
- Description
- AI may work with the human brain to enhance human intelligence, says New York University Professor Emeritus of Economics and International Business Nouriel Roubini. In this episode of "The Bottom Line," Roubini explains how economists think about the singularity, why strict but open immigration policy will increase growth and innovation and why environmental claims about net zero are inaccurate.
Chapters:
00:00 — Introduction
0:22 — Risk
01:14 — Artificial intelligence
03:10 — Tax robots
04:03 — Singularity
04:55 — Globalization
05:47 — Immigration
06:55 — Environment
08:55 — Leading economy
Produced, Shot and Edited by: Mark Licea
Additional Camera by: Andrea Miller
Supervising Producer: Lindsey Jacobson
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About CNBC: From '...
- Title
- The Recession Has Finally Begun, But Only For America's Rich
- Runtime
- 8:38
- Date posted
- 3 years ago
- Description
- Sticky inflation, white-collar layoffs, and surging interest rates are all putting pressure on a certain type of American — higher-income earners.
'What we normally see in an economic recession is that lower- and moderate-income households really bear the brunt of it in terms of job losses and financial hardships," said Greg McBride, senior financial analyst at Bankrate.com. "We haven't seen that."
The stock market, a source of wealth for the rich, struggled in 2022. The S&P 500 sank more than 19%. The same year, 1.8 million Americans lost their millionaire status, according to UBS' 2023 Global Wealth Survey. Despite the stock market's summer rally in 2023, the U.S. economy faces several headwinds.
Bank of America's Consumer Checkpoint Survey for September 2023 found that high-income households have become more pessimistic about the economy. The same group also appears more cautious about spending because of soft wage growth and job creation for...
- Title
- U.S. car loans total $1.5 trillion #Shorts
- Runtime
- 0:53
- Date posted
- 3 years ago
- Description
- More than 100 million Americans have an auto loan and auto loan debt in the U.S. is at a record high of $1.56 trillion. Watch the full video here: https://youtu.be/JuR8pQqluWY
- Title
- How Micron’s Building Biggest U.S. Chip Fab, Despite China Ban
- Runtime
- 17:43
- Date posted
- 3 years ago
- Description
- Micron, Samsung and SK Hynix are responsible for making 90% of the world’s DRAM memory chips, and Micron is the only one based in the U.S. That’s made it the latest target of bans from China. Yet Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. We also asked Senate Majority Leader Chuck Schumer about Micron ahead of his meeting with Chinese President Xi Jinping.
Chapters:
00:00 — Introduction
02:12 — Rise of memory and Micron
07:18 — Banned by China
10:40 — What it takes to make memory
13:16 — Doubling down in the U.S.
Produced by: Katie Tarasov
Edited by: Amy Marino
Supervising Producer: Jeniece Pettitt
Animation: Jason Reginato
Camera: Tasia Jensen, Mickey Todiwala, Ben Farrar, Kent Kessinger
Additional Footage: AMD, Getty Images, Nvidia, Office of Gov...
- Title
- How Walmart Is Beating Everyone In Groceries
- Runtime
- 12:04
- Date posted
- 3 years ago
- Description
- Sky high grocery bills are inflicting pain at the supermarket checkout counter. Food-at-home prices in 2022 jumped 11.4% and are expected to increase 5% in 2023. By comparison prices rose just 0.7% in 2019.
In an effort to stretch their grocery dollars further a growing number of Americans are turning to Walmart. The Arkansas-based retailer is America’s largest grocer more than twice the size of its next biggest competitor. Known for its low prices and massive footprint Walmart takes in more than one in four grocery dollars in the U.S., a one and a half percent increase from 2021.
Walmart’s low prices are also resonating with high income consumers who made up about half of the company’s market share gains in food in the fiscal quarter that ended January 2023. But with inflation cooling and prices leveling off will Walmart be able to hang to its newly acquired shoppers?
Chapters:
00:00 — Introduction
02:44 — Walmart's grocery bus...
- Title
- Should The U.S. Bury Its Power Lines?
- Runtime
- 10:24
- Date posted
- 3 years ago
- Description
- Burying power lines is an expensive but sure-fire way to practically eliminate the risk of utility-caused wildfires, which have devastated towns across California. PG&E, the nation’s largest utility, has been found liable for numerous wildfires in the state. In an effort to prevent future disasters, the utility is planning to underground 10,000 miles of distribution lines in fire-prone areas, including 2,100 miles through 2026.
But it’s not cheap. PGE’s plan would likely cost tens of billions of dollars, to be paid for by customers through their utility bills. This is causing some to advocate for cheaper, alternate options such as insulating power lines, though PG&E maintains that undergrounding is by far the safer bet. The path forward will be at least partially determined in November, when PG&E’s regulator, the California Public Utilities Commission, votes on the utility’s proposed four-year budget.
Chapters:
00:00 — Introduction
02:0...
- Title
- Why The U.S. Is Getting Serious About UFOs
- Runtime
- 13:39
- Date posted
- 3 years ago
- Description
- For decades, much of the conversation around UFOs has been confined to science fiction movies and novels. In the absence of government commentary on the topic, conspiracy theories around the US concealing alien life and technology in secret compounds like Area 51 have run rampant.
Investigation into UFOs in the United States can be traced as far back as the late 1940s, but much of this early information was classified to the public. This is changing. In response to mounting public pressure and potential national security questions, a flurry of government activity over the last few years has been aimed at demystifying UFOs, or unidentified anomalous phenomena as the military has rebranded UFOs.
Chapters:
00:00 — Introduction
02:34 — UFO history
05:27 — Oversight of UFOs
09:25 — Further study
Produced by: Magdalena Petrova
Edited by: Evan Lee Miller
Supervising Producer: Shawn Baldwin
Animation: ...
- Title
- Why It's Becoming Harder To Get Into Airport Lounges
- Runtime
- 10:28
- Date posted
- 3 years ago
- Description
- Over the past couple of years, airlines and credit card companies like American, United, Chase and Capital One are investing millions into expanding their airport lounge networks for customers. According to Chase, lounge access is often the top cited reason for its credit card signups, and by the end of 2023, Delta said it would add 2,700 seats to its lounges. However, lounges have become so popular that some face overcrowding, and companies like Delta are making it harder to get airline status.
Chapters:
00:00 — Introduction
01:10 — Declining exclusivity
05:20 — The rise of luxury lounges
08:03 — Increasing premiumization
Produced, Shot and Edited by: Erin Black
Script and Narration by: Ryan Baker
Additional Reporting by:: Leslie Josephs
Animation: Jason Reginato, Andrea Schmitz, Alex Wood, and Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional Footage: American Airlines, Capital O...
- Title
- How rising interest rates are causing Americans financial discomfort #Shorts
- Runtime
- 0:58
- Date posted
- 3 years ago
- Description
- The Federal Reserve has implemented 11 interest rate hikes since March 2022. More than a third of Americans said rising rates kept them from financial comfort. So, how much money do Americans need to be comfortable? Watch the full video here: https://youtu.be/TgVtXT5Mqj0
- Title
- How To Steal And Lose More Than $3 Billion In Bitcoin | CNBC Documentary
- Runtime
- 33:41
- Date posted
- 3 years ago
- Description
- Twenty two year-old hacker Jimmy Zhong said he never meant to become a criminal billionaire. But that’s what happened in 2012 after he found a way to steal bitcoin from the Silk Road – a dark web exchange then known for some of the most unsavory trade on the internet – drugs, guns and porn. Over the next decade, the coins Zhong stole rocketed in value, ultimately reaching an eye-watering $3.36 billion.
Photos show Zhong on yachts, in front of airplanes, and at big time football games over the decade he confounded law enforcement officers trying to solve the theft. He even bought a weekend lake house to use as a party pad, and decorated it with a giant Trump flag and a stripper pole. But then, Zhong made a phone call that ruined his life.
In this documentary, CNBC’s Eamon Javers speaks exclusively with the IRS-CI, the agency that investigated this billion dollar crime as well as the people who knew Zhong during the decade he evaded law enforcement. Jave...
- Title
- Why EVs Are Piling Up At Dealerships In The U.S.
- Runtime
- 16:50
- Date posted
- 3 years ago
- Description
- In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that's mainly driven by Tesla. About two thirds of EVs sold are Elon Musk's brand. Companies like Ford have ramped up hybrid production as demand has leveled off. While slightly more than half of consumers say EVs are the future and will eventually replace Internal Combustion Engines, less than a third of dealers say so. This all comes at a time when investments in EVs are more than ever. So what's really going on? Watch the video to learn more.
Chapters:
00:00 — Introduction
02:06 — Shifting preferences
05:48 — High costs and uncertainty
10:38 — A trend of a blip?
14:08 — The future
Produced by: Robert Ferris
Edited by: Dain Evans
Camera by: Shawn Baldwin
Senior Managing Producer: Tala Hadavi
Animation: Christina Locopo, Andrea Schmitz
Additi...
- Title
- How is the urban doom loop threatening American cities? #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Major American cities such as New York and San Francisco face serious problems — mass migration, empty offices and declining tax revenues. Watch the full video here: https://youtu.be/pdB79PKftm8
- Title
- Why The U.S. Won’t Do Away With Tipping
- Runtime
- 18:26
- Date posted
- 3 years ago
- Description
- It’s no secret that we’re tipping like never before - everywhere and for everything. While it can certainly be frustrating, there’s a greater issue at hand: There are 5.5 million tipped workers in the United States and out of all 50 states, 43 have a lower minimum wage for these workers than for non-tipped hourly workers. Many states adhere to the federal minimum wage for tipped workers, which has remained at $2.13 for more than three decades. That means these workers rely on tips to make ends meet. In 2022, more than one million workers made the federal minimum wage of $7.25/hour or less. And with tablets at every establishment and more workers outside of just tipped workers asking for tips, servers and bartenders are bearing the brunt. In the second quarter of 2023, tipping at full-service restaurants fell to the lowest level since the start of the pandemic. Watch the video above to learn more.
Chapters:
1:50 Who relies on tips
5:47 Challenges
8:5...
- Title
- Quiet Cutting: How Power In U.S. Offices May Be Shifting Back To Bosses
- Runtime
- 5:37
- Date posted
- 3 years ago
- Description
- In the American workplace of 2023, a new labor market trend has taken over where "quiet quitting" left off. Quiet cutting.
"Quiet cutting is what some people consider a subcategory of quiet firing," said Nadia De Ala, a leadership and negotiation coach. "It's a way for companies to avoid layoffs and potentially save money on expenses they would incur with severance packages. This involves reorganizing existing employees, not laying them off or firing them, but reassigning them to different roles."
The emergence of these new workplace trends often reflects the state of the job market and the economy. Despite the overall strength of the U.S. job market, some companies are apprehensive about the future, leading them to adopt the "quiet cutting" approach to change in the workplace.
"For the past few years, we've witnessed quiet quitting and the great resignation, signs of a robust economy and a tight labor market where employees held the upper hand," ...
- Title
- Why The U.S. Is Now Obsessed With Soybeans
- Runtime
- 13:40
- Date posted
- 3 years ago
- Description
- Soybeans have become a cornerstone of American agriculture, contributing $124 billion to the U.S. economy in 2022. The legume is hailed as a versatile crop used in food, fuel and animal feed worldwide. It was a niche commodity in the 1960s before the U.S. became the top global producer. However, the U.S. has since lost its dominance, in part, thanks to its reliance on a single export market — China. Brazil has rapidly become the world’s largest producer and exporter of soybeans, supplying China with enough soy to meet its demand. The competition has pushed the American market to explore alternative uses for soy from biofuel to bioplastics. Here’s how the U.S. became a soybean stronghold before falling second to Brazil’s supply, the influence of China’s demand and how soy production ultimately feeds and fuels the world economy.
Chapters:
00:00 — Introduction
01:48 — Soybean boom
03:57 — Export drama
08:28 — Biodiesel
10:55 ...
- Title
- NYC's subway is struggling — here's why #Shorts
- Runtime
- 0:57
- Date posted
- 3 years ago
- Description
- Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator the Metropolitan Transportation Authority. Watch the full video here: https://youtu.be/EOWeZ7ZFU0c
- Title
- Can The U.S. Compete With Chinese Drones?
- Runtime
- 13:25
- Date posted
- 3 years ago
- Description
- Chinese made drones have dominated the market for quad copters for over a decade. They’re used by university researchers, firefighters, and police around the world. But growing geopolitical concerns, and the use of drones as weapons of war in Ukraine, and by Hamas during attacks on Israel, have made some critics concerned about U.S. dependence on these small but capable Chinese made machines.
Chapters:
00:00 — Introduction
02:29 — The drone king
04:42 — Made in America?
06:08 — Police drones
08:17 — War drones
11:15 — What's next?
Produced by: Brad Howard
Supervising Producer: Jeff Morganteen
Additional Footage: Fortem Technology, BRINC Drones, DJI, Skydio, Getty, Reuters
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original d...
- Title
- How Ozempic And Wegovy Accidentally Made Novo Nordisk A $400B Company
- Runtime
- 19:20
- Date posted
- 3 years ago
- Description
- Pharmaceutical giant, Novo Nordisk, is now Europe’s most valuable company, worth more than its home country, Denmark’s total economy. That wasn’t always the case, and only recently, through its popular diabetes and weight-loss drugs, Ozempic and Wegovy, is it witnessing unprecedented financial success. For a century, the company predominantly focused on insulin and treating those with Type 2 diabetes. In its 2023 second quarter, the company reported a 46% increase in net profits and a 32% increase in sales compared to the same quarter the year prior. Alongside competitors like Eli Lilly the company is hoping to help treat the 1 billion people worldwide who are affected by obesity and hence transform a largely untapped market.
Chapters:
00:00 — Introduction
01:10 — First mover
05:34 — A century of innovation
09:26 — The potential of treating obesity
12:04 — Risks
Produced, shot and edited by: Natalie Rice
...
- Title
- Why New York Will Charge $23/Day To Drive Into Manhattan
- Runtime
- 12:43
- Date posted
- 3 years ago
- Description
- Drivers headed to downtown Manhattan will face a new toll beginning in spring 2024. The final fee, which is still up for debate, is expected to be between $9 and $23 dollars per day for passenger vehicles. Commercial vehicles will be charged upon each entry and exit to the zone. Regional planners believe the toll will nudge some drivers onto transit. The MTA plans to use the proceeds from congestion pricing to shore up its aging infrastructure. Watch the video above to see how New York City is planning to spend the cash raised by the new toll.
Chapters:
00:00 — Introduction
03:23 — Tolls
05:45 — Environment
08:24 — Ride-shares and taxis
10:40 — Global cities
Produced, Shot and Edited by: Carlos Waters
Additional Shooting and Editing by: Liam Mays
Animation: Jason Reginato
Editing Support by: Jack Hillyer
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, New York Met...
- Title
- How These Silent Superyachts Are Powered By The Sun
- Runtime
- 11:42
- Date posted
- 3 years ago
- Description
- Solar-powered electric yachts have hit the superyacht market. Austrian-based Silent Yachts and Polish-based Sunreef Yachts are two companies working on developing this technology. Allied Market Research predicts the solar boat industry will grow 14 percent by 2031 to $2.4 billion. CNBC headed to the Cannes Yachting Festival to get an inside look at the companies building solar-powered electric yachts, and to explore the challenges the technology faces in playing a wider role in the future of maritime transportation.
Chapters:
00:00 — Introduction
01:19 — Electrification of superyachts
05:17 — Solar technology
08:30 — The future
Produced and Edited by: Sydney Boyo
Shot by: David Sauval
Animation: Mallory Brangan and Christina Locopo
Senior Producer: Shawn Baldwin
Editorial Support: Jeniece Pettitt
Additional Footage: Getty Images, Silent Yachts, Sunreef Yachts
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- Title
- How Empty Offices Are Ruining American Cities
- Runtime
- 6:24
- Date posted
- 3 years ago
- Description
- Major American cities such as New York and San Francisco face serious problems — mass migration, empty offices and declining tax revenues. These trends have had a direct impact on cities, which rely on tax revenues for funding, a significant portion from commercial real estate. Stijn Van Nieuwerburgh has defined this cycle of spillover effects as the 'urban doom loop.'
Watch the video above to learn more about the so-called 'urban doom loop' threatening American cities, and what local governments can do to avoid falling further into fiscal trouble.
Producer, shot, and edited: Kate Sammer
Supervising Producer: Jeff Morganteen
Animation: Alex Wood, Christina Locopo
Additional camera: Brad Howard, Sean Conolon
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries ...
- Title
- Why olive oil prices are at a record high #Shorts
- Runtime
- 0:59
- Date posted
- 3 years ago
- Description
- Global prices of olive oil surged to $8,900 per ton in September, driven by “extremely dry weather” in the Mediterranean, according to the USDA.
- Title
- Why Tornadoes Are More Destructive Than Ever
- Runtime
- 12:22
- Date posted
- 3 years ago
- Description
- Tornadoes are a billion-dollar problem in the United States. From 2018-2023, there have been 17 billion-dollar climate disasters involving tornadoes. As places outside of the traditional Tornado Alley see an increase in tornado frequency, the costs of disasters are expected to grow. But engineers know how to build stronger structures that can withstand high winds. Watch the video to learn more about why tornadoes are so destructive in the U.S. and how communities can invest in resilience.
Chapters:
00:00 — Introduction
02:22 — Billion-dollar disasters
05:26 — Shifting patterns
07:37 — Investing in resilience
Produced by: Katie Koontz
Edited by: Dain Evans
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, James Karl Lipscomb, Matt Dehaemers, NBC News, Today, City of Joplin
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» Subscribe...
- Title
- Some economists are concerned student loans may cause the next big bubble #Shorts
- Runtime
- 0:55
- Date posted
- 3 years ago
- Description
- The U.S. has amassed over $1.7 trillion in outstanding student debt. Billions of dollars worth of student loans are packaged and sold as assets known as SLABS to some of the biggest investors in America. Watch the full video here: https://youtu.be/QqXcZ10BztE
- Title
- The Collapse Of FTX: Insiders Tell All | CNBC Documentary
- Runtime
- 38:37
- Date posted
- 3 years ago
- Description
- Former billionaire, Sam Bankman-Fried, saw a meteoric rise as crypto's golden boy and an even more spectacular fall from grace as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. FTX customers and investors around the world watched in shock as a single tweet ignited a series of events that ended with the former crypto titan facing a dozen federal charges and waiting for trial behind bars. FTX customers, investors and employees were devastated to learn that $8.9 billion dollars in customer’s funds went missing from the exchange.
In this documentary, CNBC’s Kate Rooney speaks to the people most impacted by the fall of Bankman-Fried’s crypto empire. The in-depth documentary includes a candid interview with former President of FTX US who reveals what it was like to work directly for Bankman-Fried and what red flags concerned him most about the company. FTX investor, Anthony Scaramucci, tells all about his front-row seat to the collapse and wh...
- Title
- Why GlobalFoundries’ Chips Are So Important To The U.S.
- Runtime
- 17:00
- Date posted
- 3 years ago
- Description
- In its short 14 year history, GlobalFoundries has risen to the world’s third largest chip foundry. Although it’s not manufacturing chips at the bleeding edge, or seeing tremendous gains from the generative AI boom like Nivida has, GlobalFoundries is quietly helping power nearly every connected device. Its chips are inside every high-end smartphone, cars, smart speakers and yes, the servers running generative AI. It’s also the only major chip foundry based in the U.S., giving it an edge as tensions with China cause concern over the world’s reliance on chips made in Taiwan by TSMC. Now it’s spending about $7 billion to expand production in parts of the world with lower risk: Singapore, Germany, France, and upstate New York. CNBC went to Malta, New York, for a firsthand look at the expansion and to ask how it plans to stay ahead while focusing on the older chips still essential for everyday devices.
Chapters:
2:19 - Exiting the leading edge
5:45 - Global...
- Title
- Why Tesla May Be The Big Winner Of The UAW Strikes
- Runtime
- 10:30
- Date posted
- 3 years ago
- Description
- Elon Musk and Tesla could emerge as winners from the UAW strikes against Detroit automakers Ford, GM, and Stellantis. Thousands of union workers are striking at the plants of the Detroit Three - as the three legacy automakers are called. The intensity and nature of the strikes are unlike any other in American automotive history. The United Auto Workers have made a list of demands even its president Shawn Fain calls audacious. Among other things, they want a 40% increase in wages and a four-day 32 hour work week. That would bring all- in-hourly labor costs to more than double what they are today according to analysts. However, legacy manufacturers are already having trouble competing with Tesla's manufacturing costs and selling price.
Chapters:
00:00 - Introduction: Why Tesla is at the center of the UAW strikes
1:47 - Chapter 1: Why strike?
3:06 - Chapter 2: Why is Tesla winning?
5:44 - Chapter 3: Tesla’s (non-union) history
8:01 - Chapter ...
- Title
- Meet The U.S. Drone Company Supplying The NYPD With Crime-Fighting Drones
- Runtime
- 6:34
- Date posted
- 3 years ago
- Description
- Blake Resnick is the founder and CEO of BRINC Drones, a Seattle based company that’s trying to change how law enforcement and first responders use drones. As these flying devices become more common over the U.S., questions on data, privacy, and use will continue to evolve while businesses try to leap into this emerging market.
Producer: Brad Howard
Supervising Producer: Jeff Morganteen
Additional Footage: Getty
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- Title
- How 'The Squadron' teaches CEOs #Shorts
- Runtime
- 0:56
- Date posted
- 3 years ago
- Description
- The Squadron in New York City is a place where companies and other organizations can send employees to learn from flying a top of the line F-35 fighter jet simulator. More here: https://cnb.cx/3sz0HqZ
- Title
- How American Airlines Makes 15,000 Meals A Day
- Runtime
- 8:28
- Date posted
- 3 years ago
- Description
- Food service on domestic airlines has drastically changed in recent years.
Nearly 3 million passengers fly every day in the U.S. Post pandemic, airlines have seen an increase in passengers buying up to premium seats - putting pressure on airlines to offer better food options and more of them.
American Airlines just built this 214,000 square foot facility at Dallas-Fort Worth International airport. It prepares up to 15,000 meals a day, with the help of robots, for more than 800 flights daily. The new kitchen features more automation to keep up with demand and to minimize catering delays as the number of people traveling breaks new records and globally demand is expected to double by 2040.
Chapters:
00:00 — Introduction
01:54 — Evolution of airplane food
04:05 — American Airlines kitchen
07:07 — The future
Produced, shot and edited by: Erin Black
Supervising Producer: Jeniece Pettitt
Edit...
- Title
- Why some economists think the immigration and labor crises are related #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Today the U.S. has more than 9 million open roles and only 5.8 million job seekers, according to the Bureau of Labor Statistics. Some economists think the immigration and labor crises are related. Watch the full video here: https://youtu.be/tBv0mOfX0zo
- Title
- Why Factories Are Coming Back To The U.S.
- Runtime
- 11:30
- Date posted
- 3 years ago
- Description
- As factories closed and more companies moved their operations offshore, employment in manufacturing has declined over the years. But now the Biden Administration is spending big on industrial policies, such as the CHIPS and Science Act and the Inflation Reduction Act, to bring manufacturing, especially semiconductors and electric vehicles, back to the U.S. But some economists warn against the dangers of government playing favorites in a free market. So how exactly is the U.S. government convincing manufacturers to return? And will its bet pay off?
Chapters:
00:00 — Introduction
01:58 — Industrial policies
04:47 — Pros and Cons
08:20 — Way forward
Produced & Edited by: Juhohn Lee
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Sources: EPA, White House, Department of Commerce, Center for Strategic & International Studies, Census Bureau
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- Title
- We bought a $10 smartwatch from Temu. Here's how it stacks up against the Apple Watch #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Temu's popularity is largely due to its ultra-cheap knockoffs. Users can get an Apple Watch dupe for $10. Watch the full video here: https://youtu.be/quGoGgbP-aE
- Title
- The Truth Behind ‘Unlimited’ Vacation Plans
- Runtime
- 4:05
- Date posted
- 3 years ago
- Description
- You’ve seen it in more and more job postings: Unlimited. Vacation. Sounds awesome right? Only about 8 percent of employers offer this perk, according to a recent survey from the Society for Human Resource Management. That’s up from 6 percent of employers, compared to the same survey from 2022. So did you find the holy grail of companies? Or is unlimited PTO too good to be true? Wharton School Prof. Peter Cappelli breaks down the real reasons why more companies are offering unlimited vacation plans.
Produced by: Jeff Morganteen
Editing support: Tim Hurt
Additional footage: Getty
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect w...
- Title
- How Car Makers Are Switching To EVs | CNBC Marathon
- Runtime
- 58:07
- Date posted
- 3 years ago
- Description
- CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge's so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure ...
- Title
- The second largest economy in the world is in trouble. Here's why. #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- The world's second-most populous country has a major youth unemployment problem. China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier.Watch the full video here: https://youtu.be/iK3VEF2woRY
- Title
- Could Deep-Sea Mining Fix The Global Minerals Shortage?
- Runtime
- 15:19
- Date posted
- 3 years ago
- Description
- There are billions of tons and billions of dollars worth of critical minerals at the bottom of the ocean, including nickel, copper, cobalt and manganese. These metals are vital to electric vehicle batteries and the clean energy transition as a whole. But the debate over whether or not to extract them has become a global controversy, as many fear the potential ecological disruptions it could cause in a part of our planet that remains largely unexplored. What’s more, international regulations for deep-sea mining have yet to be finalized, and the United Nations-affiliated regulatory agency in charge, the International Seabed Authority, recently missed a key deadline to do so.
In the midst of this uncertainly, The Metals Company is forging ahead. The company plans to submit a mining application next year and begin extraction by 2025. But considering the absence of global governance, many remain concerned that this timeline is too aggressive. Major corporations including Goog...
- Title
- How Consumers Can Manifest Inflation
- Runtime
- 12:38
- Date posted
- 3 years ago
- Description
- What people believe may happen to prices in the future can influence actual inflation. “People behave in accordance with their expectations and with their sentiment and attitudes towards the economy,” Joanne Hsu, director of the Surveys of Consumers at the University of Michigan, told CNBC. Watch the video above to learn more about how inflation expectations are measured, why the Federal Reserve cares so much about what Americans predict and how consumer behavior can manifest higher prices.
Chapters:
00:00 — Introduction
01:27 — Inflation mentality
05:36 — Short-term and long-term expectations
09:50 — Wage-price spiral
Produced by: Andrea Miller
Additional Camera by: Mark Licea, Jack Hillyer
Edited by: Amy Marino
Animation: Jason Reginato, Josh Kalven
Supervising Producer: Lindsey Jacobson
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- Title
- Bitcoin’s Next Bull Run: Three Big Trends To Watch
- Runtime
- 9:09
- Date posted
- 3 years ago
- Description
- Bitcoin investors probably want to forget the past 12 months. After recovering from the collapse of FTX, investors backing world’s largest cryptocurrency have faced industry bankruptcies, low trading volume, and a U.S. regulatory crackdown. The mounting crypto headwinds have kept bitcoin’s price stuck between $25,000 and $30,000 for months—but there might be good news on the horizon. The wave of applications from Wall Street giants to launch ETFs backed by bitcoin, growing calls for regulatory clarity, and something called The Halving, could spark bitcoin’s next prolonged rally.
Produced by: Talia Kaplan
Edited by: Tim Hurt
Managing Producer: Jordan Smith
Supervising Producer: Jeff Morganteen
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series,...
- Title
- Driving The World’s Fastest EV — The $2.1 Million Rimac Nevera
- Runtime
- 8:07
- Date posted
- 3 years ago
- Description
- Rimac is Croatia’s first and only automaker. Its 35-year-old founder, Mate Rimac, started tinkering with electric vehicles after he blew the engine in an old BMW he raced as a teen. After rebuilding it with an electric drivetrain – and winning some races – he founded Rimac Automobili in 2009, and today the company has released an electric supercar, the Nevera. CNBC’s John Rosevear gives the $2.1 million electric vehicle a test drive in the canyon roads above Malibu to find out if it lives up to the hype.
Produced and Shot by: Andrew Evers
Reporter: John Rosevear
Edited by: Liam Mays
Supervising Producer: Jeniece Pettitt
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite sho...
- Title
- Why The NYC Subway Is Such A Mess
- Runtime
- 14:26
- Date posted
- 3 years ago
- Description
- Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator the Metropolitan Transportation Authority. The number of paid weekly subway riders on the New York City subway averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership.
Fare evasion has taken its toll on the transit authority too costing the MTA $690 million last year including $285 million on its subways. The MTA is the operator of New York's more than 6,400 subway cars, more than 5,700 buses, two of the country's busiest commuter trains and multiple bridges and tunnels.
So when will New York City subway riders return? And what can the MTA do to respond to fare evaders? Watch the video to learn more.
Chapters:
00:00 — Introduction
02:53 — Private companies
06:30 — Fare evasion
09:43 ...
- Title
- President Biden’s Ambitious New Plan To Help Student Debt, Explained
- Runtime
- 4:40
- Date posted
- 3 years ago
- Description
- After the Biden Administration's student loan forgiveness plan was struck down by the Supreme Court, the president promised to continue fighting for student loan borrowers. This summer the White House launched the SAVE plan, an income-driven repayment plan meant to replace the REPAYE plan.
The SAVE plan caps the amount low-income borrowers are required to pay on their student loans at just 5% of their discretionary income. It also allows some borrowers to pay as little as $0 per month towards their student loans.
Watch the video above for a breakdown of President Biden's SAVE plan, ahead of student loan payments resuming.
Producer and Editor: Devan Burris
Graphics: Jason Reginato
Supervising Producer: Jeff Morganteen
Production Support: Jordan Smith
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About CNBC: From 'Wall Street' to ...
- Title
- Test-Driving The Volkswagen ID. Buzz
- Runtime
- 7:34
- Date posted
- 3 years ago
- Description
- The Volkswagen ID Buzz takes a legendary concept - the VW microbus, and adapts it to a new high-tech and electric era. It is perhaps one of the most anticipated EVs in years and something VW hopes will propel it to better sales in the US. Currently the brand has just 2.5% of the market, despite parent VW Group being the second largest automaker in the world. Volkswagen wants to double its market share by 2030, as it leans deeper into EVs. It has its work cut out for it. Besides the VW brand’s low market share, EVs made up just 8% of US sales in 2022 and the segment perhaps closest to the ID Buzz - minivans - made up less than 2%. But it does have heritage on its side. The VW Type 2, better known as the Bus, microbus, hippie van, and a dozen other nicknames, was, along with the Type 1 or Beetle, perhaps one of the most iconic vehicles of the 1950s and 60s. But like the Beetle, the VW bus was later discontinued in the US.
CNBC went to Huntington Beach, California, to test...
- Title
- Southwest Airlines is testing new ways to make boarding planes more efficient #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Have you ever wondered why we board airplanes the way we do and if there's a faster way? CNBC's Emily Lorsch got a behind-the-scenes look at Southwest Airline's experiment in Atlanta where the company is prototyping new solutions to speed up the process. Watch here: https://youtu.be/iuGEqnmySvo
