CNBC
How Odometer Fraud Became A $1 Billion Problem
- Title
- How Odometer Fraud Became A $1 Billion Problem
- Runtime
- 11:42
- Date posted
- 3 years ago
- Description
- Odometer fraud is a stealthy and a lesser known form of fraud that is hard to detect, but can cost a car buyer thousands. Fraudsters will roll back odometers on cars to hide the vehicle's mileage in the hope of extracting a better price. And as used car prices rose during the pandemic, odometer fraud could've become a more attractive way to make some extra bucks. About 10.5 million cars on American roads have had their odometers tampered with in some way, and about 1.9 million individuals have had their odometers rolled back, according to Carfax. The average cost to those affected is about $4,000 in addition to higher taxes. It is enough of a problem that there is even a federal Office of Odometer Fraud Investigation at the U.S. Department of Transportation's National Highway Traffic Safety Administation (NHTSA) It is staffed by agents investigating these types of crimes. The department estimates that about 400,000 vehicles are sold each year with false odometer readings.
...
- Title
- How The U.S. Can Close The Racial Wealth Gap: AFL-CIO’s Willam Spriggs
- Runtime
- 8:46
- Date posted
- 3 years ago
- Description
- AFL-CIO chief economist and Howard University economics professor William Spriggs says that the impact of discrimination against Black employees is less acute when the labor market operates at full employment. He tells CNBC how the Federal Reserve can close the racial wealth gap and how an economic slowdown might affect Black workers.
"When we have a really poor labor market, white high school dropouts do better than Black people with associate degrees," Spriggs explained. While Black Americans do withdraw from the labor market when the market collapses, Spriggs said this is not always reflected in the data on Black labor force participation.
He noted that during the Covid-19 pandemic, the Black unemployment rate dropped. But the data could be misleading, with the gap between white men and Black men in the employment-to-population ratios remaining at its typical ratio of 1.2:1, Spriggs warned.
"When there is an economic slowdown," Spriggs said, ...
- Title
- Why Wall Street Is Buying So Many U.S. Homes
- Runtime
- 12:34
- Date posted
- 3 years ago
- Description
- Some Washington D.C. lawmakers want to limit Wall Street's role in the housing market. In recent years, a small but mighty group of corporations bought hundreds of thousands of homes in sunbelt-region suburbs. These homes are traditionally a crucial investment for American families. But rising home prices are shutting would-be homebuyers out of the market. Meanwhile, financial groups are profiting from rising rents while their subsidiaries build small amounts of new standalone homes in the U.S.
Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes. They've also added to the housing supply in some cases with built-for-rent communities.Some of these companies are financed by private equity firms like Blackstone and investment managers like Pretium Partners.
"It's almost a captive market" said Jordan Ash, director of Labor-Jobs and Housing at the Private Equity Stakeholder Pro...
- Title
- What’s So Special About 2% Inflation?
- Runtime
- 12:45
- Date posted
- 3 years ago
- Description
- The 2% inflation target is key to the Federal Reserve’s vision for stable prices. But, where exactly did this 2% inflation goal originate? New Zealand.
In the late 1980s, the country faced high inflation when one economist proposed, ’Why don’t we just have an inflation target?” U.S. declared its 2% inflation target in 2012.
Canada, Australia, Japan and Israel are among the many economies that include 2% in their inflation rate targets, according to the International Monetary Fund.
Watch the video above to learn more about why some economists argue for changing the target, lower or higher, and whether it may change anytime soon.
Produced by
Andrea Miller
Graphics by
Christina Locopo
Supervising Producer
Lindsey Jacobson
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- Title
- How An Autonomous Train-Bus Hybrid Could Transform City Transit
- Runtime
- 8:45
- Date posted
- 3 years ago
- Description
- Autonomous Rapid Transit is a cross between light rail and a city bus. Created by the CRRC in China, it's a cost-effective alternative to Mass Rapid Transit. Check out this video to see how it could be utilized in U.S. cities.
Produced by: Liam Mays
Supervising Producer: Jeniece Pettitt
Editorial Assistance: Katie Brigham
Graphics by: Alex Wood, Mallory Brangan
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- Title
- NASA’s Next-Generation Spacesuits — A Behind-The-Scenes Look
- Runtime
- 15:57
- Date posted
- 3 years ago
- Description
- NASA has been using the current spacesuits on the International Space Station for decades and they are showing their age. The agency has had issues not only with finding the proper sizes to fit its increasingly diverse astronaut corps, but also with degradation of some suit components. Now NASA is turning to two commercial companies: Axiom Space and Collins Aerospace, a subsidiary of Raytheon Technologies, to build and maintain its new generation of spacesuits. Under the Exploration Extravehicular Activity Services Contract, or xEVAS, NASA is providing Collins and Axiom, along with a number of their industry partners, with up to $3.5 billion through 2034. CNBC got a behind-the-scenes look at the new suit that Collins Aerospace is designing in collaboration with partners ILC Dover and Oceaneering. NASA hopes to use this new suit on the International Space Station by 2026.
Chapters:
00:00 — Intro
02:39 — Dire need
08:00 — The Collins suit
12:48...
- Title
- Why Amazon, Google and Microsoft Laid Off Thousands Of Tech Workers
- Runtime
- 4:53
- Date posted
- 3 years ago
- Description
- Tech giants like Amazon, Google and Microsoft have laid off tens of thousands of workers in the past few months. After going on a hiring spree during the Covid-19 pandemic, tech giants now face several headwinds. Higher interest rates and persistent inflation are making the cost of doing business more expensive for high-growth industries like technology. What's more, the rise of buzzy new generative A.I. tools like OpenAI's ChatGPT3 have caused companies like Google and Microsoft to to shake up their old search strategies. So, what do the widespread tech layoffs mean for the wider U.S. economy?
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- Title
- How I Built My $3 Million Business Buying Cars At Auctions
- Runtime
- 6:27
- Date posted
- 3 years ago
- Description
- Craig Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. Valued at an estimated $3 million, Stowell’s business buys about 80% of its cars at auctions around the country. In 2022, the U.S. vehicle auction market was valued at $3.21 billion. Flying Wheels reached $1.3 million in sales last year. Many of those sales came from his online followers on YouTube and other social media. Watch this video to learn how Stowell built his $3 million business buying cars at auctions.
Produced by: Nora Rappaport, Emily Lorsch
Senior Managing Producer: Tala Hadavi
Camera by: Billy Freeman
Graphics by: Christina Locopo
Additional Footage: Craig Stowell
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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 speci...
- Title
- Charlie Munger calls crypto 'massively stupid' #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Charlie Munger on Wednesday called #crypto "massively stupid," saying that “it’s just ridiculous that anybody would buy this stuff."
#CNBC
- Title
- The Disturbing Connection Between Your Phone And Violence In The Congo
- Runtime
- 9:39
- Date posted
- 3 years ago
- Description
- The minerals tin, tantalum, tungsten, and gold are found in most consumer electronics, and can be mined in the Democratic Republic of the Congo, which contains an estimated $24 trillion dollars in untapped mineral resources. Yet the DRC remains one of the poorest and most dangerous countries in the world, and mining these metals can help fund armed conflict in the region. Despite international attention and widespread regulations, it’s still hard to know exactly where our minerals are coming from, and under what conditions they were mined.
But the metals are integral to consumer electronics. In a smartphone, for example, tin is used to solder metal components together, while tantalum is used in capacitors, which store electrical energy. Tungsten is used in the components that make a phone vibrate, and gold is used in circuit board connectors.
In the past decade, African countries, intergovernmental organizations and companies have ramped up their efforts to ...
- Title
- How Tech Layoffs Will Impact Black Americans: McKinsey’s Shelley Stewart
- Runtime
- 8:01
- Date posted
- 3 years ago
- Description
- McKinsey senior partner Shelley Stewart worries that an economic downturn may impact diversity, equity and inclusion efforts. He tells CNBC’s Sharon Epperson how companies can mitigate high attrition rates in frontline jobs and reflects on how DEI pledges have evolved since 2020.
Since December 2020, the amount of money that companies publicly committed to racial equity has increased from $66 billion to $340 billion. However, “it has been challenging to actually meet these ambitious goals to deploy this capital,” Stewart said.
Stewart told CNBC that Black Americans have historically been disproportionately affected during economic downturns.
Because Black workers are underrepresented in the tech industry, he said, they may not be hit disproportionately in that sector. Nonetheless, he stressed the importance of increasing the number of Black workers in tech, urging businesses to continue “thinking about ways to increase representation as we...
- Title
- Does The Tesla Semi Live Up To The Hype?
- Runtime
- 16:10
- Date posted
- 3 years ago
- Description
- 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.
Chapters:
2:12 Ch 1 - Tesla Semi
6:16 Ch 2 - Frito-Lay’s Tesla Semis
9:16 Ch 3 - Challenges
Produced by: Andrew Evers
Supervising Producer: Jeniece Pettitt
Additional Camera: Katie Tarasov
Narration by: Erin Black
Graphics by: Alex Wood
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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 with CNBC News Online
Get the latest news: https://www.cn...
- Title
- How states across the West are using cloud seeding to make it rain #Shorts
- Runtime
- 0:45
- Date posted
- 3 years ago
- Description
- States and utility companies are investing in “cloud seeding” - a way to artificially increase precipitation in the drought-ridden American West and worldwide. Watch the full video here: https://youtu.be/PbWKHKZYT5c
- Title
- Will Live Shopping On TikTok, Amazon And YouTube Take Off In The U.S.?
- Runtime
- 15:18
- Date posted
- 3 years ago
- Description
- Livestream shopping took China by storm during the pandemic, growing into an estimated $423 billion market in 2022. Think of it like QVC, but entirely online and hosted by famous influencers with millions of followers. The trend has caught on more slowly in the U.S., but now Amazon, TikTok, YouTube and Shopify are making big investments in hopes it takes off. CNBC goes behind the scenes with creators like Myriam Sandler to find out what it’s like to sell via livestream, and what it’ll take for the emerging model to become a mainstream way that U.S. consumers shop.
Check out Myriam's content here: @mothercould
Chapters:
2:04 — QVC reinvented
5:08 — How Amazon Live works
8:30 — Amazon vs. TikTok and YouTube
12:48 — Innovations and obstacles
Produced by: Katie Tarasov
Edited by: Amy Marino
Supervising Producer: Jeniece Pettitt
Graphics by: Mallory Brangan
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- Title
- Inside The Air Force’s Flying Radar Fleet
- Runtime
- 12:03
- Date posted
- 3 years ago
- Description
- As the recent Chinese spy balloon encounter showed, keeping the skies safe is a tough job. For decades the U.S. Air Force has relied on the E-3 Sentry, and the most recent version, the E-3G, has been upgraded with more modern electronics and software to keep up with new threats.
'The best way to describe it is kind of like the quarterback in the sky," said Air Force Col. Keven Coyle, commander of the 552nd Air Control Wing. "It's the job of the E-3 to surveil, to layout the enemies arrayed, and then allow our friendly forces to be able to be set up in a way that allows them to fight with the greatest capacity."
The Air Force is hoping that the E-7 Airborne Early Warning and Control aircraft built by Boeing can take over down the line if the Air Force needs to retire some of the older Sentry aircraft over the coming years. In the most recent budget, Congress appropriated an additional $200 million for the Air Force to develop a prototype to meet that need.
- Title
- It can cost over $200,000 to paint an airplane #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- The cost to manufacture, operate, maintain and fly commercial aircraft is generally expensive, but not many think about the expense that goes into painting one. Watch the full video here: https://youtu.be/KCX2l-RXVjk
- Title
- How To Pay Reparations To African Americans Without Spiking Inflation: Darity, Mullen
- Runtime
- 8:27
- Date posted
- 3 years ago
- Description
- CNBC’s Cheyenne DeVon talks to William Darity and Kirsten Mullen, co-authors of “From Here to Equality: Reparations for Black Americans in the Twenty-First Century”, about the way that reparations to Black Americans could help close the racial wealth gap in the United States. Darity and Mullen argue that the federal government should be responsible for paying reparations to Black Americans. However, they warn that reparations that are not rolled out carefully could cause inflation. The co-authors walk DeVon through strategies that the federal government can employ to mitigate inflation risk before answering other critical questions related to reparations. Would reparations raise taxes? Who should be eligible to receive reparations? How much would reparations cost? Watch the video to find out the answer to these questions and more.
Produced by: Macklin Fishman
Reported by: Cheyenne DeVon
Supervising Producer: Lindsey Jacobson
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- Title
- How Dick’s Sporting Goods Bet Big On E-commerce And Won
- Runtime
- 13:51
- Date posted
- 3 years ago
- Description
- At $67.2 billion, the sporting goods industry became one of the fastest-growing industries in the U.S. in 2022. Dick’s Sporting Goods controls an estimated 14.2% of that market, the most of any company. In 2021, Dick's posted a record annual revenue of $12.3 billion and tripled its net income as it rapidly pivoted its distribution strategy during the pandemic. Just a few years prior, in 2017, the company had invested heavily in e-commerce which has come to pay off since the pandemic. Dick’s looks to sustain its record growth as it shifts its leadership to a new CEO, a focus on technology and navigating both in-brand and partnerships with giants like Nike and Adidas.
Chapters:
00:00 — Intro
1:15 — Humble beginnings
3:58 — Innovation & evolution
7:44 — E-commerce dominance
10:18 — The future of sporting goods
Producer: Darren Geeter
Senior Managing Producer: Tala Hadavi
Animation: Jason Reginato, Christ...
- Title
- Why Traffic Can't Be Solved With More Highway Lanes
- Runtime
- 9:47
- Date posted
- 3 years ago
- Description
- Traffic and congestion has been worsening in American cities for decades. What to do about it divides opinion. Some say cities need more of everything: widened roads, public transit, and better urban design and planning. Some say however that widening roads won't solve traffic. Some economists, for example, argue that congestion pricing is the only way to reduce traffic. The solution is politically controversial though. Though it is implemented in cities like London and Singapore, attempts to implement it in America cities such as New York have incurred a lot of pushback.
Chapters:
1:16 — Intro
1:22 — Chapter 1: The case against road-building
4:48 — Chapter 2: Nuance
7:35 — Chapter 3: New Normal
Produced by: Robert Ferris
Edited by: Nora Rappaport
Senior Managing Producer: Tala Hadavi
Graphics By: Christina Locopo, Jason Reginato
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- Title
- What is a linear city? #Shorts
- Runtime
- 0:52
- Date posted
- 3 years ago
- Description
- The centerpiece of Neom — Saudi Arabia's $500 billion project — is called 'The Line', a linear city that can house the population in just one structure. Watch the full video here to learn more: https://youtu.be/dffUqowalwg
- Title
- Which of these jars of classic olive oil is actually a 'food fraud?' #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- The food in your kitchen cabinets may not be what it seems. Fraudsters motivated by economic gain secretly infiltrate the global food market through dilutions and substitutions. Watch the full video here: https://youtu.be/-8xTVMtkqv4
- Title
- Why The Big Banks Created Zelle
- Runtime
- 12:04
- Date posted
- 3 years ago
- Description
- Competition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up for the past 10 years. The big banks tried to compete in the space when PayPal first came on the scene 25 years ago, but their business models failed. Now, Zelle, a seven-bank platform, is outpacing its rivals in average transaction value. But a rise in reported fraud activity recently got the attention of Congress, with allegations that the banks aren’t supporting those affected customers.
Watch the video above to learn more about why the banks created Zelle and whether the app can hold its own against the battle to win in the peer-to-peer payment space.
Chapters:
0:00 — Introduction
01:27 — Business model
02:47 – The rise of P2P apps
05:45 — Fraud allegations
10:07 — Fierce competition
Produced by: Charlotte Morabito
Edited by: Nic Golden Henry
Additional Camera by: Jordan Smith, Talia...
- Title
- How ‘Quiet Hiring’ Became The Workplace of 2023
- Runtime
- 7:01
- Date posted
- 3 years ago
- Description
- Remember 'quiet quitting?' It described the trend of employees choosing not to go above and beyond in the workplace. Well, that was 2022. This year there's a new vogue practice — "quiet hiring."
"Quiet hiring is one of several trends that we've identified as potentially having a major impact in 2023 for the future of work,'" says Emily Rose McRae, who leads Gartner's future of work research team. "And for some organizations, it's going to be a game-changer."
Despite tech layoffs dominating headlines, the larger economy remains relatively strong. However, many economists still think a recession could happen in 2023. And companies are starting to turn to quiet hiring to trim costs ahead of a potential economic downturn.
"So with all the economic uncertainty going around, employers are looking at ways to fulfill their needs without actually having to commit to growing their workforce," says Kory Kantenga, senior economist at LinkedIn. "One way of p...
- Title
- Why OpenAI’s ChatGPT Is Such A Big Deal
- Runtime
- 12:53
- Date posted
- 3 years ago
- Description
- OpenAI, which Elon Musk helped to co-found back in 2015, is the San Francisco-based startup that created ChatGPT. The company opened ChatGPT up for public testing in November 2022. In under a week, the artificial intelligence model amassed over a million users, according to OpenAI’s CEO, Sam Altman. By the end of January, ChatGPT was averaging about 13 million visitors per day. Users have had ChatGPT write everything from essays, to lyrics and even correct computer code. ChatGPT is part of a growing field of AI known as generative AI, which allows users to create brand new content including videos, music and text. But generative AI still faces a number of challenges, such as developing content that is inaccurate, biased or inappropriate. Now enterprises and the public are wondering what wide access to AI will mean for businesses and society.
Chapters:
00:00 — Intro
01:36 — Chatting with ChatGPT
03:03 — Understanding ChatGPT
06:39 — Use cas...
- Title
- How the Fed affects the stock market #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- The Federal Reserve, over its more than centurylong existence, has emerged as a leading force in the stock market. The Fed's forward guidance on interest rates amid historic inflation has taken stock markets for a ride in 2022. Watch the full video here: https://youtu.be/cWE8a_Ge4aU
- Title
- Why Amazon's Marketplace Failed In China
- Runtime
- 10:51
- Date posted
- 3 years ago
- Description
- Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online media seller. During its time in the country, substantial competition from local e-commerce giants such as Jack Ma's Alibaba, TaoBao and JD.com hindered its ability to capture a wider breadth of market share.
Amazon later pushed heavily on its e-reader and tablet product offerings, but China's complex regulatory approval caused years-long delays. Between 2011 and 2012, Amazon's held a market share of around 15% in the country but later plunged to less than 1% by 2019, according to iResearch. Amazon officially closed its China marketplace in 2019 but keeps, among other businesses, its Amazon Web Services, Amazon Global Logistics and Amazon Advertising.
Chapters:
1:48 Ch. 1 - Amazon's early efforts in China
3:57 Ch. 2 - Why it failed
9:01 Ch. 3 - Ongoing efforts in China — and beyond
Produced by: Jade Tungul
Senior Managing Pr...
- Title
- Why Live Nation and Ticketmaster dominate the live entertainment industry #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Taylor Swift fans were outraged in November 2022 when millions flocked to Ticketmaster.com to grab tickets and the website crashed. Live Nation Entertainment, which is composed of Live Nation, an events promoter and venue operator, and Ticketmaster, a ticket sales giant. The two companies merged in 2010 and now control an estimated 70% of the ticketing and live event venues market. Watch the full video here: https://youtu.be/B58ZrSNPxGw
- Title
- Why U.S. Real Estate Is So Flawed | CNBC Marathon
- Runtime
- 38:02
- Date posted
- 3 years ago
- Description
- CNBC Marathon explores the problems with housing in America.
For decades, Americans have relied on mortgages to purchase a home. But experts say that several aspects of today’s mortgage market including cost, the lack of small-dollar loans and lender bias have all greatly hindered Americans from owning their own property. Can the U.S. do anything to fix the broken system and allow mortgages to improve homeownership in America?
And a decade-long slowdown in house building is coming to a close, which could help American renters. But the new developments in construction are generally for high-end and luxury apartment units. Experts say the market conditions are pushing people further away from their jobs and weighing on the economy writ large. CNBC takes a look at why renting is so expensive in the U.S.
The Covid pandemic caused a surge in housing costs and a rise in unemployment, leaving nearly 600,000 Americans unhoused in 2020. So how is the U.S...
- Title
- Here's who delivers your Amazon packages #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Amazon has rolled out more than 1,000 electric Rivian vans in at least 100 U.S. cities since July, bringing big changes for some of the 275,000 drivers delivering 10 million packages a day around the world. Watch the full video here: https://youtu.be/hZpqzfOSAjM
- Title
- Why Wealthy Americans Love AmEx
- Runtime
- 12:19
- Date posted
- 3 years ago
- Description
- 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 Amex is far from dominating the credit card industry compared to the likes of Visa and Mastercard. So what is the secret to Amex’s success and where is it headed next? Watch the video to find out.
Produced by: Nathaniel Lee
Editor: Nora Rappaport
Supervising Producer: Lindsey Jacobson
Graphics: Alex Wood, Jason Reginato
Clarification: The card displayed at 6:03 should be the AmEx Platinum card, not the AmEx Delta Skymiles Platinum card.
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series...
- Title
- How the secret $40 billion food fraud market works #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- Food fraud secretly infiltrates kitchens across America — here’s how to avoid it. Watch the full video here: https://youtu.be/-8xTVMtkqv4
- Title
- How The Taylor Swift Debacle Fueled The Ticketmaster Monopoly Debate
- Runtime
- 17:57
- Date posted
- 3 years ago
- Description
- Taylor Swift is not the first artist to be at the center of controversy over Ticketmaster and Live Nation’s domination of the live entertainment industry. In November when presale tickets for the pop star’s Eras Tour were plagued by disruptions and slow queues, chaos erupted and the general public sale was canceled. But Live Nation Entertainment, the consolidation of Live Nation and Ticketmaster, has been under fierce scrutiny for years and a similar uproar occurred surrounding the sale of Bruce Springsteen tickets just months prior. On Jan. 24, the Senate Judiciary Committee held a hearing that explored whether Live Nation Entertainment is hurting consumers by stifling competition. In 2019, the Department of Justice alleged Live Nation Entertainment violated its consent decree, the condition of the two companies’ merger, and the concert giant settled with the government. A monopoly is not illegal in the United States. But abuse of that power can be. Here’s a close look at why ...
- Title
- Why Everyone Is Openly Talking About Pay
- Runtime
- 10:33
- Date posted
- 3 years ago
- Description
- Increasingly popular pay transparency laws benefit some workers and increase social equity, but economists warn they could diminish the negotiating power of the labor force at large.
Colorado became the first state to require public disclosures of salary ranges in 2021. Now jurisdictions including Washington state, California, and New York City have taken up similar mandatory public disclosure laws. These measures typically affect businesses with at least a small number of employees.
But a growing body of research also says that the movement could dampen wage growth over time. "What we found is that people get smaller raises," said Bobak Pakzad-Hurson, an assistant professor of economics and entrepreneurship at Brown University.
Watch the video above to learn more about the rise and potential implications of pay transparency.
Produced by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Graphics by: Christina Locopo
- Title
- The health risks from gas stoves, explained #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- There have been many studies now looking at gas stoves and their potential to contribute to breathing problems in children and adults. We break down all the health risks that come from gas stoves.
- Title
- How eVTOLs Could Disrupt The $49B Helicopter Industry
- Runtime
- 13:53
- Date posted
- 3 years ago
- Description
- With an estimated 200 companies working on them, electric vertical take-off and landing vehicles are taking the aviation industry by storm. And while vertical lift aircraft have existed for more than a century in the form of helicopters, eVTOLs could disrupt the $49 billion industry in certain segments due to their cheaper maintenance and operating costs. CNBC spoke with one startup, Archer Aviation, which counts United Airlines as one of its investors, about why we could see these new aircraft change how people travel.
Chapters:
1:33 Competing with helicopters
5:46 Archer Aviation
10:11 Challenges
Produced by: Andrew Evers
Narration and Editorial Support: Katie Tarasov
Supervising Producer: Jeniece Pettitt
Additional Camera: Sydney Boyo
Graphics by: Jason Reginato
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About CNB...
- Title
- How Gen Zers Are Using Dating Apps Like Bumble To Make Friends
- Runtime
- 10:34
- Date posted
- 3 years ago
- Description
- Online dating has become almost completely normalized, but it used to carry certain stigmas. Now, many Gen Zers are making friends online through apps like Bumble BFF and Meetup and facing similar criticism that online daters once did. However, it's still unknown whether friend-finding apps are a lucrative addition to dating app portfolios.
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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 with CNBC News Online
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Follow CNBC ...
- Title
- Why Americans Feel So Poor | CNBC Marathon
- Runtime
- 52:25
- Date posted
- 3 years ago
- Description
- CNBC Marathon explores why American workers’ budgets feel so stretched.
The middle class was once a symbol of the American dream. It meant financial security and an opportunity for a better future. But that portrait of the American middle class is quite different today. A survey in 2018 found that a third of middle-income adults don’t have as much as $400 to cover an unexpected expense. And while the middle-class lifestyle grows more expensive and uncertain, it’s also moving beyond the reach of younger generations.
Maybe the cause is related to American workers’ income? When adjusted for inflation, wages have remained virtually unchanged over the last 50 years, with workers today earning just 12 cents more than they did in 1972. And with inflation at its highest since 1971, Americans are feeling the pain of slow wage growth. Two-thirds of American workers said that inflation has outpaced any salary gains made in the past year. But some economists argue...
- Title
- How medical debt became normal in the U.S. #Shorts
- Runtime
- 0:57
- Date posted
- 3 years ago
- Description
- Widespread medical debt is a uniquely American problem, with medical debt totaling at least $195 billion in 2019. Watch the full video here: https://youtu.be/-ioosWOWSxQ
- Title
- Is Toyota Late To EVs?
- Runtime
- 14:23
- Date posted
- 3 years ago
- Description
- Update: On January 26 2023, Toyota announced that CEO and President Akio Toyoda would step down in April and assume the role of chairman of the board.
Environmentalists and electric vehicle advocates are accusing the world's largest automaker, Toyota, for dragging its feet, and even opposing electrification. But Toyota, which sells 10.5 million cars a year in 170 countries, argues that many of those markets aren’t ready for electric vehicles.
The company announced a $35 billion investment in EVs in December 2021 along with an investment of equal size in hybrids and hydrogen fuel cell vehicles. As of early 2023, the company sells only one electric vehicle, the bZ4X, which it has only sold in small quantities. It has, however, said it is planning to release 30 EV models by 2030, which would be a quarter of the total number of models it currently makes.
Will it be able to catch-up with the rest of the world, or is Toyota actually in the driver’...
- Title
- We visited the driest place on the planet — the Atacama Desert in Chile #Shorts
- Runtime
- 0:58
- Date posted
- 3 years ago
- Description
- We traveled to the Atacama Desert in Chile — the driest place on the planet — to visit the Albemarle's Salar lithium mine plant. Get an inside look at the mine with us!
- Title
- How Americans Are Tricked Into Buying Fake Food
- Runtime
- 12:55
- Date posted
- 3 years ago
- Description
- The food in your kitchen cabinets may not be what it seems. Fraudsters motivated by economic gain secretly infiltrate the global food market through a variety of means, including counterfeits, dilutions, substitution and mislabeling, according to the Global Food Safety Initiative. This may not only harm consumers’ wallets, but it can also put public health and safety at risk. Some estimates say food fraud affects at least 1% of the global food industry at a cost as high as $40 billion a year, according to the FDA.
Produced by: Andrea Miller
Graphics by: Christina Locopo, Alex Wood
Additional Camera: Charlotte Morabito
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 s...
- Title
- What It’s Like To Deliver For Amazon In New Rivian Vans
- Runtime
- 16:21
- Date posted
- 3 years ago
- Description
- Amazon has rolled out more than 1,000 electric Rivian vans in at least 100 U.S. cities since July, bringing big changes for some of the 275,000 drivers delivering 10 million packages a day around the world. CNBC talked to drivers about how the job has changed since 2021, when they told us about unrealistic workloads, peeing in bottles, dog bites and error-prone routing software. Here’s a firsthand look at all the new tech Amazon says is maximizing safety, comfort and efficiency for a better driver experience.
Chapters:
1:06 Rivian van rollout
3:43 Productivity and comfort
6:36 Cameras and safety
10:01 Optimizing routes
13:22 What’s next
Produced by: Katie Tarasov
Edited by: Erin Black
Additional Camera: Erin Black, Katie Brigham, Andrew Evers
Supervising Producer: Jeniece Pettitt
Editorial Support: Annie Palmer
Graphics by: Jason Reginato
» Subscribe to CNBC: https://cnb.cx/Subscri...
- Title
- Neom: Saudi Arabia's $500 Billion Bet To Build A Futuristic City In The Desert
- Runtime
- 8:36
- Date posted
- 3 years ago
- Description
- Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch.
A vital element of the country's Vision 2030 plan, the project is the brainchild of Saudi's de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. The site covers an area of more than 10,000 square miles, about the same size as Massachusetts. And it could cost $500 billion to complete.
"So Mohammed bin Salman wants to project himself as a liberal leader within the conservative royal family in Saudi Arabia," Ali Dogan, research fellow at the Leibniz-Zentrum Moderner Orient institute, told CNBC in an interview. "Neom is a mega project seen in Saudi Arabia and the young Saudi population as part of this liberalization process."
The Neom project is far from without controversy, though. Critics say it's another attempt by the crown prince to improve his image after U.S. intelligence officials concluded he was behind the 2018 killing of journalist an...
- Title
- How to retire with $2 million if you make $100,000 per year #Shorts
- Runtime
- 1:00
- Date posted
- 3 years ago
- Description
- It’s a good idea to begin saving a small percentage of your salary as soon as possible. It’s a simple way to ensure you’re prepared for retirement. If you want to retire with $2 million, you’ll need to invest about 12% of a salary of $100,000 starting in your 20s. https://cnb.cx/3in8F1I
- Title
- Amazon shows off a robotic arm called 'Sparrow' that can pick millions of items #Shorts
- Runtime
- 0:44
- Date posted
- 3 years ago
- Description
- 'Sparrow' is a robotic arm that can pick up millions of items. Amazon hopes this new robot can one day help warehouse workers on the job. https://cnb.cx/3CEGD8K
- Title
- Will Robots Replace Fast Food Workers?
- Runtime
- 11:00
- Date posted
- 3 years ago
- Description
- This robot named Flippy runs the fry station at a White Castle outside of Chicago. With a mechanical arm and using computer vision technology Flippy can cook everything from french fries and onion rings to cheese sticks. White Castle said it plans to add 100 Flippy’s to its kitchens’ nationwide. Up to 82% of restaurant positions could, to some extent, be replaced by robots. Automation could save U.S. fast food restaurants over $12 billion in annual wages. And restaurants are also struggling to find workers. American restaurants are down more than 560,000 jobs or about 4.6% of its workforce from their pre-pandemic levels. So what impact will robots have on the fast food industry and the livelihood of its workers? CNBC got a behind the scenes look at restaurant robot maker Miso Robotics to find out.
Chapters:
0:00-2:23 - Intro
2:24-5:17 - Chapter 1 Miso Robotics
5:18-8:36 - Chapter 2 Workers quitting
8:37-10:59 - Chapter 3 Importance of Seeds
- Title
- Why your next flight may be carrying more than just luggage in its cargo hold #Shorts
- Runtime
- 0:59
- Date posted
- 3 years ago
- Description
- Airlines have been hauling cargo underneath passengers for decades — including cars, medical supplies, and even sharks. Cargo share and total airline revenue almost quadrupled between 2016 and 2021 — and it doesn't look like its slowing down.
- Title
- Why Americans Have So Much Medical Debt
- Runtime
- 10:40
- Date posted
- 3 years ago
- Description
- Widespread medical debt is a uniquely American problem, with medical debt totaling at least $195 billion in 2019. It was once thought that the problem was that Americans were largely uninsured, but even those with health coverage can run into problems. Over 90% of the U.S. population has some kind of medical insurance but about 40% of adults say they have at least $250 in medical debt. Watch the video above to learn how we got here and why having health insurance isn’t enough to protect people from medical debt.
Produced by: Charlotte Morabito
Graphics by: Josh Kalven
Supervising Producer: Lindsey Jacobson
Additional Sources: Kaiser Family Foundation, Journal of the American Medical Association, U.S. Bureau of Labor Statistics, U.S. Centers for Medicare & Medicaid
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About CNBC: From 'Wall Street' to 'Main Str...
- Title
- How Starbucks Was Able To Win Over China
- Runtime
- 13:22
- Date posted
- 3 years ago
- Description
- A Starbucks opens every nine hours in China. Since the coffee giant opened its first store in China in 1999, it has launched 6,000 stores around the mainly tea-drinking nation and plans to increase its number of stores to 9,000 by 2025. Competitors such as Luckin Coffee and Hey Tea have attempted to outpace Starbucks’ success, however they’ve come up short. Although sales took a hit due to zero-Covid lockdowns, analysts are confident the chain will bounce back with the strong fourth-quarter sales in 2022. How did the Seattle-based coffee giant find such massive success in a country known for its love of tea?
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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.
Con...
- Title
- How Airplanes Get Painted
- Runtime
- 10:54
- Date posted
- 3 years ago
- Description
- Dean Baldwin Painting, founded in 1965, is an aircraft painting company with five facilities across the U.S. It has painted aircraft for some of the largest airlines in the world, including United, Delta and JetBlue. The cost to manufacture, operate, maintain and fly commercial aircraft is generally expensive, but not many think about the expense that goes into painting one.
The average cost falls between $175,000 and $200,000, according to the company. The entire painting process can take up 10 days and involves multiple engineers, painters and inspectors, all of whom are responsible for meeting the standards set by the Federal Aviation Administration.
The market itself is a growing one: The global commercial aviation aircraft paint market was estimated at nearly $18.5 billion in 2020 and is expected to grow to a $65 billion by 2027.
Chapters:
1:47 - The paint process
8:02 - The industry
Produced by: Jade Tungul
S...
