CNBC
Can You Fly With Marijuana? It’s Complicated
- Title
- Can You Fly With Marijuana? It’s Complicated
- Runtime
- 12:21
- Date posted
- 3 years ago
- Description
- “Now Boarding” is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics like turbulence, airline status, boarding, jumbo jets and all things aviation. Watch this episode and others on CNBC’s YouTube channel every Sunday.
Produced by: Erin Black, Leslie Josephs
Animation: Jason Reginato
Camera: Liam Mays
Senior Production Manager: Kathy Mavrikakis
Supervising Producer: Jeniece Pettitt
Executive Producer: Kamelia Angelova
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- Title
- How Lithium Producer Albemarle Took Over The EV Industry
- Runtime
- 14:30
- Date posted
- 3 years ago
- Description
- Demand for lithium, a key component for electric vehicle batteries, is expected to surge from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons by 2030, according to McKinsey & Company.
Albemarle, the world's top producer of this critical metal and the operator of mines in Australia, Chile and the U.S., says it plans to bring another domestic lithium mine online by 2027 — Kings Mountain in North Carolina.
"We need to get the green stuff out and that will produce what's called a spodumene concentrate," said Matthew Hastings, group geologist for Albemarle. "That concentrate will run about 6% lithium oxide, so the intent there is to produce that concentrate, that will be what we give to conversion facilities."
That concentrate will likely end up in Albemarle’s soon to be built $1.3 billion processing facility in South Carolina where it is turned into battery-grade lithium hydroxide. The plant will support the m...
- Title
- Why Wealthy Americans Love UBS, The Secretive Swiss Banking Giant
- Runtime
- 11:49
- Date posted
- 3 years ago
- Description
- UBS Group AG, with over $5 trillion in invested assets, is Switzerland's largest bank. The company has a sprawling international footprint, with over half of its wealth management assets coming from clients in the United States. Experts believe these customers are drawn to strict bank-client laws in Switzerland. In recent decades, scandals have embroiled both UBS and its latest acquisition, Credit Suisse. After regulators quickly approved of the merger, fresh litigation risks have come to light.
Chapters:
00:00 — Introduction
01:16 — Secrecy
03:08 — Mega banks
06:24 — Acquisitions
09:41 — Capital assets
Producer: Carlos Waters
Editor: Emily Sternlicht
Supervising Producer: Lindsey Jacobson
Graphics: Jason Reginato, Andrea Schmitz
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About CNBC: From 'Wall S...
- Title
- Why U.S.-Iran Tensions Are On The Rise In The Persian Gulf
- Runtime
- 7:45
- Date posted
- 3 years ago
- Description
- Over the last decade, Iran has been causing more and more headaches for oil tanker operators in the Strait of Hormuz, a central artery of global trade. In the last two years alone, Iran has harassed, attacked or interfered with 15 internationally flagged merchant vessels.
This critical waterway separates the Persian Gulf from the Arabian Sea, which makes it an important conduit for millions of barrels of oil that flow through the region.
"These tanker seizures, whether this is a sheer coincidence or not, is happening around the time that we have just passed the five-year anniversary of the Trump administration withdrawing from the nuclear deal," said Arona Baigal, research assistant for the Middle East Security Program at the Center for a New American Security.
In the most recent incidents, Iran alleges that the tankers Niovi and Purity were seized over separate legal disputes regarding ownership, and that the Advantage Sweet was taken due to a co...
- Title
- Why Bots Make It So Hard To Buy Nike Sneakers
- Runtime
- 14:15
- Date posted
- 3 years ago
- Description
- The global sneaker resale market is predicted to grow to $30 billion by 2030 and is only spurred by a phenomenon known as sneaker botting. Sneaker bots took off in 2012, when Nike released its Air Jordan Doernbecher 9 shoes on Twitter. And today, sneakerheads say that buying shoes without bots is nearly impossible.
CNBC dives into the sneaker industry to find out what bots have made buying sneakers harder than ever and what companies like Nike are doing to get ahead of the problem.
Chapters:
00:00 — Introduction
02:19 —Evolution of the sneaker market
06:51 — The people behind the bots
09:32 — Anti-bot measures
Produced and Edited by: Sydney Boyo
Animation: Jason Reginato and Christina Locopo
Senior Producer: Katie Tarasov
Shot by: Liam Mays, Tasia Jensen, Magdalena Petrova, Katie Tarasov, Eric Clark
Additional Footage by: Getty Images, Botter Boy Nova, Queue-it, Nike, Reddit, Discord
<...
- Title
- How To Fix The Water Crisis | CNBC Marathon
- Runtime
- 58:43
- Date posted
- 3 years ago
- Description
- From floods to droughts, CNBC Marathon explores the water crisis in the U.S.
Today, one out of three people don’t have access to safe drinking water. And that’s the result of many things, but one of them is that 96.5% of that water is found in our oceans. It’s saturated with salt, and undrinkable. Most of the freshwater is locked away in glaciers or deep underground. Less than one percent of it is available to us. So why can’t we just take all that seawater, filter out the salt, and have a nearly unlimited supply of clean, drinkable water?
The western U.S. is experience a megadrought so severe, it is the driest two decades in at least 1,200 years. And no sector has felt the impact more than agriculture, which takes up about 70% of the world’s freshwater. With water resources becoming more scarce, several companies are working to improve irrigation efficiency and help sustain food production in a future where extreme climate may be more common.
...
- Title
- How the U.S. is stalling a recession #Shorts
- Runtime
- 0:53
- Date posted
- 3 years ago
- Description
- A lot of economists believe the U.S. hasn't announced a recession yet because consumers are still spending a lot. Learn more here: https://youtu.be/T2iVaBsaE5s
- Title
- Why You May Be Flying On Bigger Planes This Summer
- Runtime
- 14:54
- Date posted
- 3 years ago
- Description
- On this episode of “Now Boarding” Leslie and Erin discuss how airlines are growing by using bigger planes that fit more passengers to grow while airport congestion, high costs and pilot shortage limits their ability to add flights. “Now Boarding” is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics about all things aviation. Watch this episode and others on CNBC’s YouTube channel every Sunday.
Produced by: Erin Black, Leslie Josephs
Animation: Jason Reginato
Senior Production Manager: Kathy Mavrikakis
Supervising Producer: Jeniece Pettitt
Executive Producer: Kamelia Angelova
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you c...
- Title
- How Mastercard Plans To Beat Visa
- Runtime
- 12:30
- Date posted
- 3 years ago
- Description
- Mastercard is the second largest card network in the U.S., accounting for more than a quarter of all purchase volume using a payment card. As the world transitions to a more cashless society, Mastercard’s value has continued to soar. Shares of the company have seen nearly 100% gain over the past 5 years, outperforming American Express, Discover and even Visa. So how is Mastercard able to generate so much revenue and how does it set itself apart from the rest of its competitors?
Chapters:
00:00 — Cold Open
01:29 — Business model
03:48 — Revenue & competition
08:16 — Future
Produced & Edited by: Juhohn Lee
Animation: Alex Wood & Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, Mastercard
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About CNBC: From 'Wall Street' to 'Mai...
- Title
- How Virtual Layoffs Became The New Normal For Workplaces
- Runtime
- 11:03
- Date posted
- 3 years ago
- Description
- The rise of remote work during the Covid-19 pandemic has now brought about the rise of the virtual layoff.
Last November, Meta laid off 11,000 workers, and its CEO, Mark Zuckerberg, delivered the news over a remote video call. In April, McDonald’s temporarily shut down its corporate offices and fired hundreds of employees virtually.
Meta declined to send a statement, but a company’s spokesperson noted that the company has multiple locations in the world and cannot do all layoffs in person.
The practice is leading to a public debate over layoff etiquette — whether giving employees the bad news is more dignified than locking them out of their email accounts overnight.
“McDonald’s is teaching a master class in layoffs,” Jessica Kriegel, chief scientist of workplace culture at Culture Partners, told CNBC’s “Squawk Box” in April. “If I were getting laid off, I’d want to be laid off at home, not at the office.”
...
- Title
- The Rise Of Glucose Monitoring Among Non-Diabetics
- Runtime
- 16:16
- Date posted
- 3 years ago
- Description
- According to the Center for Disease Control and Prevention, over 37 million people in the U.S. have diabetes. That’s a little over 11% of the entire population.
When you have diabetes your body doesn’t make enough or any insulin at all. Those with the disease must regularly monitor blood sugar. This has been traditionally done with glucometer's by pricking your finger over and over again for drops of blood. But over the last decade, technology like continuous glucose monitoring have been on the rise.
Abbott and Dexcom are the two most dominant players in the space. Both companies have seen increased growth.
The benefits of this technology are also being marketed by several health and wellness apps as many companies see benefits to those who don’t have diabetes.
CNBC spoke with both Abbott and Dexcom about the technology inside CGMs and how they see it expanding.
Chapters:
00:00 — Introduction
03:08 ...
- Title
- Disney Vs. DeSantis: Why Florida’s Governor Took On America’s Media Giant
- Runtime
- 12:30
- Date posted
- 3 years ago
- Description
- The political feud between Florida Gov. Ron DeSantis and Disney has been heating up for the last few months. In April 2023, Disney filed a First Amendment lawsuit against DeSantis, accusing the governor of waging a ‘targeted campaign of government retaliation.” DeSantis, who’s preparing for a 2024 presidential campaign on the GOP ticket, says he isn’t backing down. So how did this all begin? And who will come out on top, once it’s all done?
Chapters:
0:00 — INTRO
1:03 — The backstory of Disney v. DeSantis
4:31 — The fight over special districts
7:38 — The high-stakes legal battle
10:22 — What's next?
Produced by: Jeff Huang and Devan Burris
Script by: Jeff Huang
Edited by: Dennis Donovan
Graphics by: Andrea Schmitz
Reporting by: Alex Sherman and Brian Schwartz
Narration by: Andrea Miller
Camera by: Brad Howard
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- Title
- Who Actually Pays For Credit Card Rewards?
- Runtime
- 17:50
- Date posted
- 3 years ago
- Description
- About 90% of all credit card spending is on rewards cards like Delta SkyMiles, Chase Sapphire Preferred or American Express Platinum. And these cards are hugely popular for a reason: you can earn cash back, upgrades on flights and many other perks. In 2019, about $35 billion in rewards was handed out to customers around the country. But how are banks paying for it all? A majority comes from interest earned from low-income consumers who revolve balances on a monthly basis. The rest is from merchant fees and things like annual, over-the-limit or foreign transaction fees. Some economists claim there's an annual redistribution of more than $15 billion from less to more educated, poorer to richer and high to low minority areas - widening existing disparities.
Chapters:
00:00 — Introduction
01:51 — The business of credit cards
04:01 — How Americans spend
07:35 — Redistribution
12:32 — Solution
Produced and Edited by: Emi...
- Title
- Where do EV batteries go when they die? #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- The lifetime for an EV battery is estimated to be 12 to 15 years in moderate climates, but that doesn't mean the batteries end up in landfills when they die. Find out what happens to them here: https://youtu.be/HIurjZsWJoc
- Title
- Airline Status Explained And Is It Worth It?
- Runtime
- 37:28
- Date posted
- 3 years ago
- Description
- "Now Boarding" is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics like turbulence, airline status, boarding, jumbo jets and all things aviation.
On this episode of "Now Boarding" Leslie Josephs and Erin Black discuss frequent flyer status, airline perks and whether the game is worth it. They talk with Tom Stuker, who has flown more than 23 million miles and has lifetime Global Services status on United Airlines, and Brett Snyder, a former airline manager and founder of the Cranky Network Weekly, an industry analysis site, as well as a travel agency.
Produced by: Erin Black, Leslie Josephs
Animation: Jason Reginato
Senior Production Manager: Kathy Mavrikakis
Supervising Producer: Jeniece Pettitt
Executive Producer: Kamelia Angelova
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- Title
- How UnitedHealth Grew Larger Than The Biggest U.S. Bank
- Runtime
- 12:16
- Date posted
- 3 years ago
- Description
- UnitedHealth Group is the biggest health-care conglomerate in the U.S. based on market cap and revenue. It’s even bigger than JPMorgan Chase, the nation’s largest bank. Annual revenue has nearly doubled over the past decade when adjusted for inflation, from $144 billion in 2012 to $250 billion in 2022. The company’s growth was fueled by an acquisition strategy that has been largely free of regulatory scrutiny.
And it is a Wall Street darling, with experts optimistic about the company’s future: 22 of 25 analysts currently label it a buy.
“If I had to pick one stock, only one stock to buy, I’d buy United[Health],” said Ana Gupte, principal at AG Health Advisors.
UnitedHealth “has had superior stock performance over everybody else for two reasons,” said Lance Wilkes, managing director and senior research analyst at Bernstein Research. “One would be strategic vision and the other is strategic capital management.”
Uni...
- Title
- Will The U.S. Supreme Court Strike Down Biden's Student Debt Plan?
- Runtime
- 7:26
- Date posted
- 3 years ago
- Description
- Student loan debt has ballooned to over $1.6 trillion with more than 45 million borrowers. A third of borrowers never attain a degree and the weight of this debt can be crushing to Americans. President Joe Biden fulfilled his campaign promise by forgiving a portion of student loans for borrowers. After launching the application, courts blocked the continuation of the plan due to opposing cases from republicans, states and individuals. The Supreme Court heard the case and now borrowers are awaiting the decision.
Chapters:
0:00 Introduction
1:09 Ch. 1: The challenge to Biden’s plan
3:14 Ch. 2: The Supreme Court case
4:44 Ch. 3: What if SCOTUS blocks Biden’s plan?
6:37 Ch. 4: What’s next?
Produced by: DeLon Thornton
Edited by: Dennis Donovan
Graphics by: Jason Reginato
Reporting by: Annie Nova
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images
» Subscribe to CNBC: ...
- Title
- Why Walmart And Alphabet Are Beating Amazon In Drone Delivery
- Runtime
- 21:13
- Date posted
- 3 years ago
- Description
- Amazon says its Prime Air drones recently completed 100 deliveries in two small U.S. markets. Meanwhile, competitors like Alphabet’s Wing and Walmart partner Zipline have made hundreds of thousands of deliveries, largely outside of the regulatory confines of the U.S. in markets like Australia and Africa. We went to Lockeford, California, a 4,000-person town that’s one of two places where Amazon has begun deliveries. But we saw no aerial activity and talked to residents who hadn’t either. We also visited drone companies Wing, Zipline and DroneUp to see their deliveries in action and ask about clearing Federal Aviation Administration hurdles. Here’s how Amazon fell behind, despite all drone companies facing the same stringent regulations here in the U.S.
Chapters:
2:25 A decade of promises
6:18 Regulations and economics
11:57 How others got ahead
16:43 Public acceptance
Produced and Shot by: Katie Tarasov
Edited by: Evan Le...
- Title
- How AI could change the future of work #Shorts
- Runtime
- 0:55
- Date posted
- 3 years ago
- Description
- The rise in new generative artificial intelligence tools has the potential to rock industries staffed by white collar workers in the coming years. More here: https://youtu.be/1WPFLWEVGAI
- Title
- Why California’s High-Speed Rail Is Taking So Long
- Runtime
- 15:21
- Date posted
- 3 years ago
- Description
- In 2008, California voted yes on a $9 billion bond authorization to build the nation’s first high-speed railway. The plan is to build an electric train that will connect Los Angeles with the Central Valley and then San Francisco in two hours and forty minutes. At the time, it was estimated the project would be complete by 2020 and cost $33 billion. But 15 years later, there is not a single mile of track laid, and there isn’t enough money to finish the project. The latest estimates show it will cost $88 billion to $128 billion to complete the entire system from LA to San Francisco. Inflation and higher construction costs have contributed to the high price tag. Despite the funding challenges, progress has been made on the project. 119 miles are under construction in California’s Central Valley. The project recently celebrated its 10,000th worker on the job. The infrastructure design work is complete, and 422 out of 500 miles have been environmentally cleared. CNBC visited Californi...
- Title
- How LVMH Became A $500 Billion Luxury Powerhouse
- Runtime
- 19:48
- Date posted
- 3 years ago
- Description
- The luxury conglomerate LVMH Moët Hennessy Louis Vuitton controls 75 Maisons, or brands, including Tiffany & Co., Sephora, Dior, Givenchy and TAG Heuer. At the helm of the luxury empire is the richest person in the world, Bernard Arnault, whose five children all hold senior executive roles within the company. With a keen eye for luxury, ruthless negotiation skills and an effective business acumen, Arnault has acquired some of the biggest names in the world. Most recently, in 2021, the company bought Tiffany & Co. for $15.8 billion after a bitter dispute about price due to the Covid-19 pandemic, and to salvage the luxury sector's biggest-ever deal. Though most companies struggled during the pandemic, LVMH’s stock steadily rose while it continued to report record revenue year after year as wealthy consumers participated in what McKinsey & Co. called "revenge spending." For the first quarter of 2023, LVMH reported a 17% increase in revenue from the same period a year earlier. The Asia ...
- Title
- Why U.S. vacation policies are so much worse than Europe's #Shorts
- Runtime
- 0:58
- Date posted
- 3 years ago
- Description
- The United States is the only advanced economy that doesn’t guarantee workers paid time off. In France, in contrast, the cultural norm is to take off the entire month of August. Learn more about the different policies here: https://youtu.be/CpUO3JARjAc
- Title
- Why American Subways Are Some Of The World’s Most Expensive
- Runtime
- 18:05
- Date posted
- 3 years ago
- Description
- Public transit can be extremely valuable for a city’s economy - in New York City 85% of the people who travel into the business district below 61st Street take some form of public transportation. In several major cities - New York, Boston, Washington, D.C., and San Francisco - the subway and other rapid rail systems are key contributors to the prosperity of the city. In NYC for example, more than $37 billion of the Metropolitan Transportation Authority’s $54 billion budget goes to subways. But building subways in the U.S. is very expensive. In fact, it’s the sixth most expensive country to build rail transit in the world. And even that is likely an understatement. High labor costs, overbuilt tracks and stations, and onerous regulations all jack up costs. NYC’s sheer population density makes it rather worth it - so many people ride the subway that the cost per rider is comparable to many European cities where total expenditures are substantially lower. However, the high costs hu...
- Title
- Why Weed Going Legal In NYC Caused A ‘Gray’ Market Boom
- Runtime
- 10:34
- Date posted
- 3 years ago
- Description
- In the densely populated Tri-State area of New York, New Jersey and Connecticut, the rollout of legal weed has been called slow and cumbersome, allowing for the proliferation of "gray" market storefronts and businesses to sell marijuana without going through the regulatory process.
As the tri-state metro prioritizes the equitable upbringing of the cannabis industry via social equity applications, councils and funds, several hurdles to entry have limited the number of legal dispensaries able to open and begin business.
Correction: At 03:56, this video mischaracterized the status of New Jersey's home cultivation laws. Bill S353, which legalizes growing or possessing up to six marijuana plants for personal recreational use, is currently pending technical review. Current state law prohibits personal cultivation, and is punishable by 5 years in prison.
Chapters:
00:00 - Introduction
03:06 - Illicit market thrives
05:34 - Social Equity Appli...
- Title
- How The U.S. Is Stalling A Recession
- Runtime
- 10:16
- Date posted
- 3 years ago
- Description
- Wall Street investors remain braced for a recession. But a turndown hasn't yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy. It's remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life.
Chapters:
00:00 — Introduction
01:15 — Budgets
04:24 — Credit
06:13 — Split economy
Produced by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Graphics: Christina Locopo
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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...
- Title
- How Sodium-Ion Batteries May Challenge Lithium
- Runtime
- 13:59
- Date posted
- 3 years ago
- Description
- Lithium-ion batteries are king. They are ubiquitous in everything from consumer electronics to electric vehicles. They are even used to store excess renewable energy. But demand for the critical minerals needed to make lithium-ion batteries is predicted to outstrip supply. That, combined with cost considerations and concerns over energy security are leading companies to consider alternative battery chemistries. One of the most promising is the sodium-ion battery. But there are challenges ahead since sodium batteries are larger and have a lower energy density than lithium-ion batteries.
Chinese battery giant CATL recently announced that it would supply automaker Chery, with sodium-ion batteries for its EVs. Other battery companies like SVOLT and French-based startup, Tiamat, are pursuing similar technology. CNBC spoke to two such companies, California-based Natron Energy and UK-based Faradion, about their plans to commercialize sodium-ion batteries and the technology’s pl...
- Title
- Why Hydrogen-Powered Planes Will Beat Electric Planes
- Runtime
- 12:20
- Date posted
- 3 years ago
- Description
- With 4.5 billion passenger trips taken each year and more than 16 million planes taking off annually in the U.S. alone, aircraft are responsible for 2.5% of global CO2 emissions, and the problem is growing. But there could be a solution that rivals the power of fossil fuels without the negatives - hydrogen. Aircraft giant, Airbus, is exploring the technology, as well as new startups, ZeroAvia and Universal Hydrogen. CNBC explores hydrogen planes and whether they could fix aviation’s emissions problem.
Chapters:
00:00 — Introduction
02:17 — Hydrogen in aviation
04:16 — Companies
09:17 — Challenges
Produced, Shot and Edited by: Andrew Evers
Senior Producer: Shawn Baldwin
Additional Camera and Narration: Erin Black
Animations: Josh Kalven
Additional Footage: Getty Images, Universal Hydrogen, ZeroAvia, Airbus, Eviation, NASA, Textron Aviation, Connect Airlines, Amelia
» Subscribe to CNBC:...
- Title
- What’s Killing Paypal’s Growth?
- Runtime
- 10:51
- Date posted
- 3 years ago
- Description
- Paypal is a powerhouse in the digital payment industry with a market valuation of over $84 billion. But the company’s stock performance has suffered immensely over the past few years. After reaching new heights during the pandemic, shares of the company saw significant losses. In February, Paypal also announced it would lay off 2,000 employees, accounting for about 7% of its workforce. So what is happening with Paypal? And can its stock recover?
Chapters:
00:00 — Introduction
01:26 — Early successes
04:52 — Economic climate
08:06 — Future of the business
Produced & Edited by: Juhohn Lee
Animation: Gene Woo Kim
Supervising Producer: Lindsey Jacobson
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has y...
- Title
- How Checked Bags Became A Massive Business For U.S. Airlines
- Runtime
- 12:07
- Date posted
- 3 years ago
- Description
- U.S. airlines carried more than 470 million passenger bags in 2022. For decades most bags flew for free, but in recent years fees have surged, boosting the bottom line of the nation’s carriers. Bag fee revenue for U.S. airlines was more than $6.7 billion in 2022. To prevent lost luggage and ensure passengers are reunited with their bags upon arrival a complex ecosystem has evolved. At Atlanta’s Hartsfield-Jackson International Airport more than 30 miles of conveyor belts, an army of 2,000 workers and a fleet of airport tugs ferry bags from the terminal to the aircraft. U.S. airlines mishandled nearly 3 million bags in 2022. A “mishandled” bag is one that was lost, damaged, delayed or stolen. So what steps do airlines take to prevent lost luggage and how does Delta Air Lines move 100,000 bags a day through the world’s busiest airport? CNBC got a behind-the-scenes look at at Delta's baggage operation in Atlanta to find out.
Chapters:
00:00 — Introduction<...
- Title
- How Non-Compete Clauses Cost Americans $300 Billion A Year
- Runtime
- 11:26
- Date posted
- 3 years ago
- Description
- In the flurry of papers that an employee receives during the onboarding process, there is one clause that could have a significant impact on their future career: the non-compete agreement. A non-compete agreements restrict workers from pursuing similar career opportunities or starting a new business in the same field as their previous employer. The wide use of non-compete agreements has led the Federal Trade Commission to propose a ban on the practice. If passed, the ban would prevent future non-competes from being issued and void all existing contracts. While some have resisted the FTC's proposal, the organization estimates that a complete crackdown on non-competes could expand career opportunities for 30 million Americans and increase wages by almost $300 billion annually.
Chapters:
00:00 — Introduction
01:21 — What is a non-compete?
03:24 — From the C-suite to Main Street
07:31 — The backlash against the FTC
10:35 — What’s next...
- Title
- Why Chile’s Lithium Mining Is At A Crossroad
- Runtime
- 21:23
- Date posted
- 3 years ago
- Description
- Chile contains some of the largest and highest quality lithium brine resources in the world. This soft, white metal is integral to lithium-ion batteries, which power electric vehicles. And with demand for EVs booming, Chile’s vast salt flats have become a vital national resource. Now, the Chilean President Gabriel Boric has released its long-awaited national lithium policy, which requires private companies to partner with the state to further develop the country’s lithium resources, ushering in a new era for the industry. There are two main producers of lithium in Chile, SQM and Albemarle. CNBC visited the Atacama Desert in Chile to see Albemarle’s lithium mine and processing plant to see what is next for the world’s largest lithium producer.
Chapters:
00:00 — Introduction
03:04 - History of lithium in Chile
07:15 - Politics of mining
12:27 - Opposition and concerns
17:34 - What’s next
Produced, Shot and Narration b...
- Title
- Why Inflation Is So Hard To Get Rid Of
- Runtime
- 10:57
- Date posted
- 3 years ago
- Description
- Everything is more expensive. Overall consumer prices are about 13% higher than they were in April 2021 and Americans are feeling the pain. Inflation, or the rate prices are increasing in the general economy, has been a persistent problem the past two years. The Federal Reserve had hoped inflation would normalize as the pandemic’s volatility subsided, but prices have stubbornly stayed well above its 2% goal. Watch the video above to learn why inflation sticks around and what we can do about it.
Chapters:
00:00 — Introduction
01:25 — Why inflation sticks around
05:22 — Fighting inflation
08:31 — Success?
Produced and Shot by: Charlotte Morabito
Edited by: Nora Rapapport
Additional Reporting by: Jeff Cox, Gabriel Cortes, Emily Lorsch
Additional Camera: Nathaniel Lee
Animation: Alex Wood, Christina Locopo
Supervising Producer: Lindsey Jacobson
» Subscribe to CNBC: https://cnb.cx/Subs...
- Title
- How Netflix And YouTube Changed Entertainment Forever | CNBC Marathon
- Runtime
- 44:55
- Date posted
- 3 years ago
- Description
- From Netflix and YouTube to AMC, CNBC Marathon explores the future of entertainment.
Over the past 25 years, Netflix revolutionized the film and television industry. The company amassed over 220 million subscribers across 190 countries, billions of hours watched for show Stranger Things and racked in 226 award wins. However, in 2022, things began looking rather different for the storied streamer while fighting an uphill battle to remain relevant in the streaming wars. In Q2 of 2022, Netflix lost nearly 1 million subscribers as rival Disney+ added roughly 14 million new subscribers.
Movie theaters across the U.S. and worldwide were dealt a massive blow during the pandemic. The domestic box office numbers plummeted from 2019’s box office of $11.2 billion to $3.8 billion in 2021. As for AMC Entertainment, the pandemic was chaotic. The theater company was virtually out of cash and nearly bankrupt, yet the 2021 “APE meme-stock” movement possibly saved the com...
- Title
- A behind-the-scenes look at NASA's next generation spacesuits #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- This new spacesuit will be used by NASA astronauts on the International Space Station. Get a full look at the design here: https://youtu.be/oXAsvg_ZZzk
- Title
- How Credit Cards Work In The U.S. | CNBC Marathon
- Runtime
- 51:26
- Date posted
- 3 years ago
- Description
- CNBC Marathon takes a look at how credit cards work in the U.S., including major industry players like Visa, Amex, and Discover.
$6.7 trillion. That is how much Americans spent using their debit or credit cards in 2019. More than 60% of those purchases were made using cards from Visa, a company that has long dominated the payment card industry. As payment cards become more essential in our daily lives, Visa has quickly grown to become one of the most valuable companies in America. So how exactly does Visa make money and why does it dominate the payment card industry?
Clarification: The 10% mentioned in the video at 12:30 refers to 10% of the average 2.2% of the swipe fee charged to merchants.
And armed with impressive rewards and a loyal customer base, Amex has achieved impressive growth over the years. The company’s revenue has increased over 32% since 2017 and shares of the company have shown resilience and growth in a tumultuous market. Yet A...
- Title
- How Porsche Plans To Keep Its Gas-Powered Cars On The Roads
- Runtime
- 17:07
- Date posted
- 3 years ago
- Description
- Worldwide Porsche owners like to point to the fact that according to some estimates more than 70% of the luxury cars ever made are still on the road. What’s more, the cars beloved by collectors are known to have the highest resale value. In order to protect that heritage with electric car production on the rise, the German automaker announced last April that it was investing $100 million in eFuels, a class of synthethic energy that is carbon neutral. Opponents remain skeptical, though, saying the move is extremely expensive and largely inefficient. However, Porsche and HIF Global, the company behind the eFuels push, believe they can reach large-scale production within the next few years and prove the skeptics wrong.
Chapters:
00:00 — Introduction
00:45 — What is eFuel?
04:48 — Why Porsche?
11:02 — Criticism
Producer: Robert Ferris
Editor: Jacob Harrell
Senior Managing Producer: Tala Hadavi
Graphics: Jason ...
- Title
- Why Car Parking Is A Struggling Industry In The U.S.
- Runtime
- 13:21
- Date posted
- 3 years ago
- Description
- Only 10 percent of the parking in the United States is paid parking, but the industry that runs it rakes in billions. For decades, it has been a largely stable, growing industry. Historically it has been dominated by small and family businesses, but now two players are publicly traded companies such as SP Plus (SP+) and ABM. However, the industry is facing some challenges. Low barriers to entry make it a crowded, fragmented industry. Competition is fierce. It has also suffered from the blows e-commerce has dealt brick and mortar retail, and the rise of ride-hailing. And now a post pandemic world where workers are rarely driving into urban areas. On top of it all, demand is declining in some markets. Parking garages have had to adapt, invest and prepare for a future where fewer people may drive or own cars. But that takes capital, and is risky. It remains to be seen how the industry fares as it expands and pivots to stay relevant.
Chapters:
00:00 — Introduction
- Title
- Will ChatGPT Take Your Job?
- Runtime
- 9:21
- Date posted
- 3 years ago
- Description
- The rise in new generative artificial intelligence tools has the potential to rock industries staffed by white collar workers in the coming years. These new tools can create art and do research that previously took years of training, potentially disrupting entire industries. With the emergence of this new paradigm, what will the economy of tomorrow look like?
Chapters:
00:00 — Introduction
01:52 — Can A.I. do my job?
03:34 — The A.I. "Fear Factor"
05:26 — 300 million jobs
06:59 — What's next?
Producer: Brad Howard
Animation: Mallory Brangan
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, CNBC has you covered. Experience special sneak peeks of your favorite ...
- Title
- Where Did Americans’ Savings Go?
- Runtime
- 11:57
- Date posted
- 3 years ago
- Description
- The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession.
“Something like $2 [trillion] to $2.5 trillion above what we would have otherwise expected were saved by American households,” said Curt Long, chief economist at the National Association of Federally-Insured Credit Unions.
Collectively, Americans have trillions in excess savings compared with expectations leading up to the pandemic, according to Federal Reserve economists.
Watch the video above to learn about how the personal savings rate affects you and the wider economy.
Chapters:
00:00 — Introduction
01:26 — Budgets
02:40 —...
- Title
- Why Americans Have A Love-Hate Relationship With E-scooters
- Runtime
- 11:49
- Date posted
- 3 years ago
- Description
- The global market size for e-scooters is projected to surpass $30 billion by 2028. Although e-scooters have become a regular mode of transportation in major metropolitan areas, ride-share e-scooter businesses are struggling with profitability and facing issues working with cities.
Chapters:
00:00 — Introduction
02:01 — E-scooter rentals in cities
04:24 — Benefits
06:20 — Safety risks
08:36 — Profitability
Produced and Edited by: Liam Mays
Animation: Alex Wood
Supervising Producer: Jeniece Pettitt
Additional Camera: Magdalena Petrova
Editorial Support: Shawn Baldwin
Additional Footage: Getty Images, Bird
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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. Experie...
- Title
- How ‘Junk’ Fees Secretly Invaded The U.S. Economy (And How Pres. Biden Wants To Stop Them)
- Runtime
- 12:48
- Date posted
- 3 years ago
- Description
- Americans are collectively spending nearly $65 billion on sneaky fees, according to the White House. “It really seems like companies have become addicted to junk fees,” Lina Khan, chair of the Federal Trade Commission, told CNBC. Junk fees are making companies billions of dollars richer.
“I think part of the reason that a lot of companies are doing this is that investors and shareholders really like it. It’s another way to pull in more revenue without really competing,” Rohit Chopra, director of the Consumer Financial Protection Bureau, told CNBC.
CNBC sorted some of the biggest junk fee offenders into three separate buckets.
Bucket No. 1: Banking fees
This includes overdraft charges, late fees, account maintenance fees or fees to pay a bill, according to the CFPB.
“We estimate that the credit card industry levies about $120 billion in fees and interest each year, and that number might be even going up given ...
- Title
- Rent vs. Buy: Which Makes More Sense In The Current Real Estate Market?
- Runtime
- 18:45
- Date posted
- 3 years ago
- Description
- To buy or not to buy has never been a simple decision. And this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record-breaking rents and home prices, a potential economic downturn and other lifestyle considerations – there’s so much to factor in. On average across the 50 largest United States metro areas, a typical renter pays about 40% less in rent than a first-time homeowner. However, that’s not the case for everyone. In December 2022 buying was more affordable in 5 of the largest U.S. metros. What makes sense for you and your family depends on where you plan on living, how long you plan to stay, and your financial circumstances.
Chapters:
00:00 — Introduction
01:51— Current market
06:43 — Rent vs. buy
10:32 — Cleveland
14:55 — Looking ahead
Produced and Shot by: Emily Lorsch
Edited by: Jacob Harrell
Additional Cameras: Peter Bittner, Magdalena Petrova
...
- Title
- Why HBO's Next Move Is Critical
- Runtime
- 22:19
- Date posted
- 3 years ago
- Description
- More than 50 years ago, HBO revolutionized television when it began to offer uncut movies, live boxing matches, concerts and comedy specials when you couldn’t watch those things anywhere but at a movie theater or in person. And slowly but surely, as video rental companies like Blockbuster began to compete with the network’s value proposition in the late 1990s and early 2000s, the company pivoted to investing in some of the most beloved original content of our time such as “The Sopranos” and “Sex and the City.” But it didn’t end there, the company has continued to produce award-winning content such a “Game of Thrones,” “Veep,” “The Last Of Us” and “Succession.” Despite establishing itself as the gold standard of storytelling, HBO has never operated as a stand-alone business, and has instead experienced numerous mergers and acquisitions, including the ill-fated AOL-Time Warner deal, known as one of the worst in American corporate history. Today, the company ...
- Title
- How Robots Could Help Retailers Save Billions
- Runtime
- 12:32
- Date posted
- 3 years ago
- Description
- Outfitted with cameras and sensors, autonomous inventory robots can verify price signs and look for out-of-stock items. Inventory is one of the biggest challenges retailers face. Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. But an army of inventory robots is being deployed that could help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.
Chapters:
0:00-2:07 Introduction
2:08-5:11 Chapter 1 Empty Shelves
5:12-9:26 Chapter 2 Inventory robots
9:27-12:31 Chapter 3 The future
Produced by: Shawn Baldwin
Additional Camera by: Andrew Evers
Edited by: Nic Golden Henry
Animation: Alex Wood
Supervising Producer: Jeniece Pettitt
Additional Footage: Brain Corp., Bossa Nova Robotics, Getty Images
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- Title
- How Investors Cash In On The $2.9 Billion Boom In Wrongful Incarceration Lawsuits
- Runtime
- 12:01
- Date posted
- 3 years ago
- Description
- For the past few decades, state and local governments throughout the U.S. have paid out a total of $2.9 billion dollars to Americans who were wrongly convicted of crimes. Headlines of those big payouts and improvements in DNA technology have attracted investors and companies offering cash advances to exonerees with the hope of substantial payback — that is, if they win their case.
Chapters:
0:00 Introduction
2:05 Chapter 1 Life after wrongful conviction
4:39 Chapter 2 What is litigation funding?
6:46 Chapter 3 One exoneree’s story
10:17 Chapter 4 What’s next?
Produced by: DeLon Thornton
Edited by: Dennis Donovan
Camera: Joshua Stoneburner
Graphics by: Christina Locopo
Supervising Producer: Jeff Morganteen
Additional footage: Getty Images
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About CNBC: F...
- Title
- Freight Trains Keep Derailing. Why?
- Runtime
- 12:40
- Date posted
- 3 years ago
- Description
- A string of train derailments have captured the attention of lawmakers in Washington. Corporations within the freight industry have redesigned their businesses to maximize efficiency. But a panel of experts gathered by CNBC argue that some of the strategic changes may compromise public safety. Some of these strategic corporate decisions may have been involved in a now infamous February 2023 crash on the Ohio-Pennsylvania border, according to regulatory complaints.
Correction on April 24, 2023 at timecode 7:32: This video has been updated to correct details about the industry’s safety sensors.
Chapters:
00:00 — Introduction
01:16 — Derailments
02:36 — Corporate decisions
07:03 — East Palestine
10:45 — Regulations
Produced by: Carlos Waters
Edited by: Dain Evans
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional footage: Getty Images, MSNBC, National Transpo...
- Title
- Why U.S. Vacation Policies Are So Much Worse Than Europe’s
- Runtime
- 9:08
- Date posted
- 3 years ago
- Description
- The United States is the only advanced economy that doesn’t guarantee workers paid time off. And nearly half of those who are offered paid vacations don’t take the days, even though roughly 80% of U.S. workers receive some sort of paid time off. In France, in contrast, the cultural norm is to take off the entire month of August. But not taking vacation could be harmful to both workers’ health and the economy. Watch the video above to learn more about the vacation story of these two cultures.
Clarification on April 24, 2023: At timecodes 01:50, 4:03 and 06:12, the title of the third chapter should be “Vacation and the economy.”
Chapters:
00:00 — Introduction
01:50 — European vacation
04:03 — U.S. vacation
06:12 — Vacation and the economy
Produced and Edited by: Charlotte Morabito
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, Fatima...
- Title
- How Tax Money Is Wasted In The U.S.
- Runtime
- 10:57
- Date posted
- 3 years ago
- Description
- The U.S. government wasted almost $2.4 trillion on just payment errors over the last two decades, according to the Government Accountability Office. Oversight reports from nonprofits and senators like Rand Paul claim that billions more are being wasted every year on needless programs. So how much taxpayer dollars are being wasted every year and what can the U.S. do about it?
Chapters:
0:00 — Introduction
01:26 — Waste
04:31 — Why So High?
07:56 — Accountability
Produced by: Juhohn Lee
Edited by: Nora Rappaport
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
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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, exclu...
- Title
- Why The Feds Have Seized $1B Worth Of Goods At U.S. Ports
- Runtime
- 5:59
- Date posted
- 3 years ago
- Description
- U.S. Customs & Border Protection gave CNBC exclusive access inside one of America’s largest ports where millions of dollars' worth of cargo – from solar panels to bedding to floor tiles – was being detained while major companies scrambled to prove their supply chains are clean. CNBC’s Andrea Day investigates.
Chapters:
00:00 — Introduction
00:40 — Inside examination warehouse
02:50 — Inside lab
03:50 — Detention notices
04:26 — Inside high risk cargo warehouse
05:07 — Attorney deals with forced labor issues
Senior Producer: Christopher DiLella
Reporter: Andrea Day
Edited by: Nick Stantzos
Animations: Michael Schwartz
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has...
- Title
- Why Virgin Orbit Failed
- Runtime
- 13:13
- Date posted
- 3 years ago
- Description
- Virgin Orbit started out as a program at space tourism venture, Virgin Galactic, in 2012 before being spun off into a separate company in 2017. Virgin Orbit’s goal was to build rockets capable of blasting small satellites into space and, at the time, this was still a largely untapped market. Virgin Orbit was well-capitalized, had a dedicated team of talent and a functioning launch system. But launch delays, an inability to land a major customer and an evolving satellite launch market eventually got the company in hot water. Watch the video to find out more about what led to Virgin Orbit’s eventual bankruptcy.
Correction: At 10:45 the correct date for the article is Nov. 7, 2022.
Chapters:
00:00 — Introduction
01:32 — Early days
04:27 — Beginning of the end
10:06 — Final act
Produced and Edited by: Magdalena Petrova
Supervising Producer: Jeniece Pettitt
Editorial Support: Michael Sheetz
Animat...
