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May 1, 2023
05/23
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cnbc's jim cramer had tweeted the bank was strong. it was not. the challenge for silicon valley bank and first republic was made worse by interest rates. both banks, rather foolishly, held long-term debt at low interest rates, even as the fed was hiking. the fed meets again this week. we do expect another hike, maybe the last, as fed interest rates are now at a 16-year high. on friday, the federal reserve issued a report examining its own actions or inactions in the silicon valley bank and the signature bank cases. it faulted the banks, of course, particularly signature, but it also determined it was responsible for failing to enforce current rules and suggested some new ones. one of the biggest problems according to the report, the $250,000 limit on insured accounts. it may not be big enough. when people with that much money think their deposits may be at risk, they flee, and when enough of them do that, the bank is put at risk. back to you. >>> amid the banking fallout, meta is becoming the first big tech company to tap the u.s. investment-grad
cnbc's jim cramer had tweeted the bank was strong. it was not. the challenge for silicon valley bank and first republic was made worse by interest rates. both banks, rather foolishly, held long-term debt at low interest rates, even as the fed was hiking. the fed meets again this week. we do expect another hike, maybe the last, as fed interest rates are now at a 16-year high. on friday, the federal reserve issued a report examining its own actions or inactions in the silicon valley bank and the...
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May 30, 2023
05/23
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cnbc is reporting that musk will meet with senior chinese leaders and visit the tesla plant as tesla grapples with intensified competition with chinese automakers .. this will be thehe firirst t tr thee country f for musk inn thr years. >>> there is something in the water of italy's famamous grand canall in veninice. the water suddenly turned fluorescent green yesterday. speculatioion of the culprit rangnges from large alglgae bloo climate activivists who havave targetining i italian cultural s recently. police and health officials are invevestigating. itit comeses as t the cityy is celebrating an annual boat event that promotes the protection of the natural environment. >>> california's great snow melt has some people believing they may strike it rich. gold hunters in the sierra foothills are optimistic because some of them are convinced with this winter's heavy rain and snowfall more rushing water will led to a new miniature gold rush. it's happening because of the movement of more boulders and sediment bringing up new gold from the bottom of waterways. still some long timers say t
cnbc is reporting that musk will meet with senior chinese leaders and visit the tesla plant as tesla grapples with intensified competition with chinese automakers .. this will be thehe firirst t tr thee country f for musk inn thr years. >>> there is something in the water of italy's famamous grand canall in veninice. the water suddenly turned fluorescent green yesterday. speculatioion of the culprit rangnges from large alglgae bloo climate activivists who havave targetining i italian...
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May 27, 2023
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cnbc reports tech layoffs are targeting teams that fight online misinformation and hate speech. engineers at meta spent a year and a half developing a fact-checking tool that would enhance facebook's credibility, but the layoffs this year scuttled the entire program. similar cutbacks reportedly happening at other large tech companies, too. this comes as fears over bullying, cyber bullying, misinformation, and artificial intelligence continue to intensify. >>> the family of a man shot by a san francisco police officer is calling on district attorney brooke jenkins to move forward with those charges. the family was joined by community activists outside the hall of justice, saying the case against officer kenneth cha has been delayed too long. cha and his partner responded to a call and they say pepper sprayed. cha shot him. he died a few years later from health applications. the family says moore suffered from mental illness and believe officers mishandled the encounter. cha was charged in 2021 but the case has seen little progress since then. >> if he never gets charged, i can't
cnbc reports tech layoffs are targeting teams that fight online misinformation and hate speech. engineers at meta spent a year and a half developing a fact-checking tool that would enhance facebook's credibility, but the layoffs this year scuttled the entire program. similar cutbacks reportedly happening at other large tech companies, too. this comes as fears over bullying, cyber bullying, misinformation, and artificial intelligence continue to intensify. >>> the family of a man shot...
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May 19, 2023
05/23
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>> morgan brennan joins us with cnbc's "money minute." >> well, i have the scoop, guys. okay, for the first time uber is lifting age restrictions to allow some minors to take unaccompanied rides. teens aged 13 to 17 can sign up for their own uber accounts but it must be linked to a parent or guardian's account. uber drivers will be able to opt out of the program if they wish. >>> jeff bezos' blue origin won a key nasa contract worth billions of dollars. the billionaire's space company will have a goal of delivering astronauts to the surface of the moon and his company expected to foot more than half the bill. two companies are teaming up to bring consumers a brand-new frozen treat. dr. pepper is teaming up with blue bell creameries to create a dr. pepper float ice cream, the flavor with vanilla ice cream and dr. pepper flavored sherbet will be available at stores where blue bell is sold. so two texas brands coming together for a new experiment here. >> truly an experiment, i'll say that. i hope they have a dairy-free version. >> i'll try anything. i think maybe the vanil
>> morgan brennan joins us with cnbc's "money minute." >> well, i have the scoop, guys. okay, for the first time uber is lifting age restrictions to allow some minors to take unaccompanied rides. teens aged 13 to 17 can sign up for their own uber accounts but it must be linked to a parent or guardian's account. uber drivers will be able to opt out of the program if they wish. >>> jeff bezos' blue origin won a key nasa contract worth billions of dollars. the...
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May 16, 2023
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morgan brennan joins us now with cnbc's "money minute." hi, morgan. >> hi. amazon is considering to push forward in ai technology. the e-commerce giant looking to add a chatgpt style search to its online store. it has already listed job postings with these ambitions. it rifles microsoft's efforts to infuse searches with ai. >>> recalling nearly 220,000 jeep cherokees because they could catch on fire even when engines are off and aat thes power lift gates on certain cherokees from 2014 to 2016 models and warns the suvs shoulding parked out --s until it can figure out a fix. the carmaker says it is not aware of any injuries. >>> and taco bell is fighting to quote, unquote liberate the taco tuesday trademark filing a position with the patent trademark to cancel it owned by taco john's, been owned by them for 34 years. since they own it others must seek permission to use "taco tuesday" in branding and advertising and, of course, guys, we're getting this news on what else, a tuesday. >> so it's like trademarked? >> yes. >> taco tuesday. >> ask for permission to u
morgan brennan joins us now with cnbc's "money minute." hi, morgan. >> hi. amazon is considering to push forward in ai technology. the e-commerce giant looking to add a chatgpt style search to its online store. it has already listed job postings with these ambitions. it rifles microsoft's efforts to infuse searches with ai. >>> recalling nearly 220,000 jeep cherokees because they could catch on fire even when engines are off and aat thes power lift gates on certain...
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May 17, 2023
05/23
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nation's top tech leaders calling on congress to regulate artificial intelligence he helped create this as cnbc's andrew ross sorkin sat down for an exclusive interview with the ceo of microsoft to discuss the technology's exciting potential and potential problems >> there has been a lot of people talking about ai and the potential for ai for a very long time when do you think you realized the moment at which you said, okay, this is not just a pipe dream anymore, this is real >> yeah, a couple of moments. so the first time it started showing, i'll call it, emergent qualities, when it learned to code, when it was not trained specifically, that's when i felt that, wow, this is different. >> reporter: different in that generative ai essentially learns and increases its own capability, which has some worried it could surpass human intelligence that leaves ceos like microsoft's satya nadella grappling with the balance of business and responsibility there is a big question about whether all this is moving too fast what do you think? >> i -- you know, the way i think about this is the following, a lot o
nation's top tech leaders calling on congress to regulate artificial intelligence he helped create this as cnbc's andrew ross sorkin sat down for an exclusive interview with the ceo of microsoft to discuss the technology's exciting potential and potential problems >> there has been a lot of people talking about ai and the potential for ai for a very long time when do you think you realized the moment at which you said, okay, this is not just a pipe dream anymore, this is real >>...
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May 17, 2023
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. >> morgan brennan joins us with cnbc's "money minute." hi, morgan. >> reporter: hi. yourening ache tiff google account may go away as soon as the company looks to provide security threats. they said it will start deleting they accounts that have not been used or signed into for at least two years and it will begin in december. a few months to figure it out. deleted accounts will also lose their access to google docs, photos, even youtube. >>> elon musk meanwhile said the company will begin running advertisements for the first time. musk was asked during tesla's annual shareholder meeting and said the electric vehiclemaker may try a little advertising and then in an interview with cnbc after the meeting, he said he was unsure what the ads would look like but something he is willing to pursue. >>> and kraft heinz is unveiling a sauce dispenser with 200 condiment combos and will live in restaurants and give customers the ability to make a customized sauce with whatever spice or sweetness level they want. think mango ketchup or jalapeno ranch or i don't know if you're fa
. >> morgan brennan joins us with cnbc's "money minute." hi, morgan. >> reporter: hi. yourening ache tiff google account may go away as soon as the company looks to provide security threats. they said it will start deleting they accounts that have not been used or signed into for at least two years and it will begin in december. a few months to figure it out. deleted accounts will also lose their access to google docs, photos, even youtube. >>> elon musk meanwhile...
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May 19, 2023
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cnbc's diana olick has what you need to know if you're in the market for a new home. >> reporter: in las vegas saturday, a tale of two open houses. >> come on in. >> reporter: this home just listed for $395,000 saw a steady stream of potential buyers this home listed for a steeper $510,000 saw nearly no one. >> under 350,000 and 400,000, there is multiple offers. over 500,000 it slows down a little bit. >> reporter: real estate agent noah herera said he priced this fixer up to sale. on monday he received an offer at full price. competition for affordable homes is fierce there are 44% fewer homes for sale new compared with pre-pandemic levels. last summer, as mortgage rates rose, home prices began to dip. but now strong spring demand is reheating prices, which have been climbing every month this year. >> now is this one at the higher of our price point or the lower? >> reporter: home shopper amelia shaw said higher prices are tough, but her rent is worse. >> my apartment shot up $600 in the last year i lived there so it's time for a house for that price that i'm paying. >> reporter: a
cnbc's diana olick has what you need to know if you're in the market for a new home. >> reporter: in las vegas saturday, a tale of two open houses. >> come on in. >> reporter: this home just listed for $395,000 saw a steady stream of potential buyers this home listed for a steeper $510,000 saw nearly no one. >> under 350,000 and 400,000, there is multiple offers. over 500,000 it slows down a little bit. >> reporter: real estate agent noah herera said he priced this...
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May 2, 2023
05/23
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morgan chase cnbc's andrew ross sorkin joining me. andrew, help us understand what happened here. >> reporter: this is the second largest bank failure since 2008 $100 billion of deposits left this bank over the last two months it was a classic run on the bank. the government stepped in, saved that bank, and effectively sold its assets to jpmorgan the good news, depositors, all of them, didn't lose any money at all, and the branches opened today. what it means even more broadly is that the u.s. government implicitly is prepared to guarantee all depositors at banks across the country. >> andrew ross sorkin, thank you. >>> in new york, tough questioning by donald trump's lawyer for the writer accusing him of rape and defamation. senior legal correspondent laura jarrett reports. >> reporter: back on the stand, e. jean carroll facing a second day of intense cross-examination. joe tacopina, an attorney for the former president, doubling down on the defense theory that carroll made up her sexual assault accusation against mr. trump to gain n
morgan chase cnbc's andrew ross sorkin joining me. andrew, help us understand what happened here. >> reporter: this is the second largest bank failure since 2008 $100 billion of deposits left this bank over the last two months it was a classic run on the bank. the government stepped in, saved that bank, and effectively sold its assets to jpmorgan the good news, depositors, all of them, didn't lose any money at all, and the branches opened today. what it means even more broadly is that the...
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May 24, 2023
05/23
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here's elon musk speaking about desantis and then earlier to cnbc about the upcoming election. >> he has quite an announcement to make and will be -- it will be the first time something like this happens on social media. i wish we could have a normal being as president. that's what i want. >> the trump campaign, which reacts to desantis' every move, already poking fun at the decision to announce on twitter spaces, calling it niche. but you can find twitter spaces by tapping the microphone at the bottom of the app. it takes you to a list of live conversations. you tap on the conversation you want to listen to. you can hear people talking in the background. this all starts at 3:00 this afternoon, or hear what desantis had to say by joining audrey asistio for our first evening broadcast at 4:30 on nbc bay area. >>> developing now, meta is starting its final rounds of layoffs. this is all part of the company's plan announced in march to eliminate 10,000 jobs. today's layoffs come after the company's first round in november that affected 11,000 employees. >>> a controversial new move from
here's elon musk speaking about desantis and then earlier to cnbc about the upcoming election. >> he has quite an announcement to make and will be -- it will be the first time something like this happens on social media. i wish we could have a normal being as president. that's what i want. >> the trump campaign, which reacts to desantis' every move, already poking fun at the decision to announce on twitter spaces, calling it niche. but you can find twitter spaces by tapping the...
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May 10, 2023
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congressional leaders with just weeks to go before what could be a catastrophic government default cnbc's kayla tausche has the late details >> reporter: tonight a critical meeting in the oval office as america barrels toward a potential june default. >> we are going to get started and solve all the world's problems >> reporter: president biden and top congressional leaders in a stand-off over spending house leaders recently passing a plan to raise the debt limit if democrats agree to steep spending cuts. the house speaker after tonight's meeting. what are the odds of default after this meeting and what happens next? >> the house made sure we wouldn't have default because we raised the debt limit. >> reporter: now you met with the president. >> the senate hasn't done anything. i tried to for 97 days he has said no the only reason we are here today is because we passed something. >> reporter: late tonight president biden rejecting republican spending cuts calling for a debt ceiling increase with no strings attached >> i told congressional leaders i am prepared to begin a separate discussio
congressional leaders with just weeks to go before what could be a catastrophic government default cnbc's kayla tausche has the late details >> reporter: tonight a critical meeting in the oval office as america barrels toward a potential june default. >> we are going to get started and solve all the world's problems >> reporter: president biden and top congressional leaders in a stand-off over spending house leaders recently passing a plan to raise the debt limit if democrats...
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May 10, 2023
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cnbc's kayla tausche talks with a mom and a widow of a veteran about the benefits that could be paused. >> now that you have those payments going, how much do you rely on them? how much do they mean to you? >> those benefits literally are how we pay our mortgage, how we pay our utilities, how we pay daily cost of living, gas and groceries and everything. we don't live extravagantly by any means, but i think we are comfortable, and i'm very grateful for them. and it does mean a lot to have that check or checks e month that you depend on. >> coming up on "nightly news," other ways a debt deal figure could hit american families. that's coming up at 6:30. >>> it happened more than three years ago, the first covid vaccines were given out. still, we're learning more about their effectiveness. a new uc san francisco study reveals that some covid vaccines actually perform better than others. marianne favro tells us factors including gender and body mass may impact the effectiveness of the vaccine. >> reporter: hundreds of thousands of people in the bay area who rolled up their sleeves for a co
cnbc's kayla tausche talks with a mom and a widow of a veteran about the benefits that could be paused. >> now that you have those payments going, how much do you rely on them? how much do they mean to you? >> those benefits literally are how we pay our mortgage, how we pay our utilities, how we pay daily cost of living, gas and groceries and everything. we don't live extravagantly by any means, but i think we are comfortable, and i'm very grateful for them. and it does mean a lot...
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May 2, 2023
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cnbc's senior white house correspondent kayla tausche joins us now. why exactly are these troops now being deployed, and what will they be tasked with doing. >> reporter: they're worried about a lack of resources at the border ahead of an expected surge in migrants on may 11th when the pandemic era title 42 policy ends. that was the policy that automatically turned away migrants from the border for public health reasons, and that will be reversed on may 11th. so we know from the pentagon that these officials from the department of defense will be active duty. they will not be armed and will not be conducting law enforcement jobs essentially. they are going to be working on data entry, on warehouse support and detection and monitoring essentially freeing up dhs law enforcement personnel to process and work with migrants directly. >> kayla, what are the administration officials saying about -- are they being frank about how bad they expect things to get at the border when title 42 ends and they probably will see this massive surge of migrants trying to
cnbc's senior white house correspondent kayla tausche joins us now. why exactly are these troops now being deployed, and what will they be tasked with doing. >> reporter: they're worried about a lack of resources at the border ahead of an expected surge in migrants on may 11th when the pandemic era title 42 policy ends. that was the policy that automatically turned away migrants from the border for public health reasons, and that will be reversed on may 11th. so we know from the pentagon...
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May 30, 2023
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cnbc reporter yasmin corum has been following it. she tried to delay this day. >> she did. she fought it from the very beginning. convicted a year and a half ago and managed to stay out of prison for a very long time. a federal appeals court rejected her request to remain free while she appeals her conviction. today as we walked through those doors at this minimum security prison in brian, texas, she's now known as an inmate. this place is nicknamed club fed, martha stewart served here and jen shah is serving her sentence at the same facility. >> i know holmes and her former business partner were ordered to pay over $400 million to dozens of investors yet holmes says she does not even have money to pay her attorneys right now so is there any hope people will get some of their money back? >> legal experts tell me there is very little chance any of that will be paid back. as you mentioned her and her co-conspirator sunny balwani ordered to pay over $450 million in restitution. her legal team is estimated to have cost over $30 million and she has said repeatedly she just doesn
cnbc reporter yasmin corum has been following it. she tried to delay this day. >> she did. she fought it from the very beginning. convicted a year and a half ago and managed to stay out of prison for a very long time. a federal appeals court rejected her request to remain free while she appeals her conviction. today as we walked through those doors at this minimum security prison in brian, texas, she's now known as an inmate. this place is nicknamed club fed, martha stewart served here...
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May 4, 2023
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cnbc breaks it all down for us next next >>> and on a florida hi. i keep my home fresh with febreze fade defy plug. and d i use thisis. febrezeze uses a m microchip to d digitally c control and d i use thisis. hohow much scecent is releled so it dodoesn't fadede. ooh. does mine have a microchip? - uh-uh.h. - - oh. fefebreze stayays first-day y fresh for r 50 . - uh-uh.h. - - oh. ththat is a shshockingly longng time. - uh-uh.h. - - oh. fefebreze alsoso has a refillll reminder r lig. - uh-uh.h. - - oh. it even rereminds youu to refill it? so i never miss a daday of freshshness... it even rereminds youu to refill it? your h home is so o fresh! upgrgrade to febebreze plug. introducining astepro o aller. now w available e without a prescription. astepro o is the firirst and y 2424-hour stereroid-free s s. while flononase takes s hour, asastepro stararts workrking in 30 0 minutes. so you canan [ spspray, sprayay ] asastepro and d go. how white e do you thihink yourur teeth reaeally are? let's s try the titissue tes. ooofof, still yeyellow. whwhitening tot
cnbc breaks it all down for us next next >>> and on a florida hi. i keep my home fresh with febreze fade defy plug. and d i use thisis. febrezeze uses a m microchip to d digitally c control and d i use thisis. hohow much scecent is releled so it dodoesn't fadede. ooh. does mine have a microchip? - uh-uh.h. - - oh. fefebreze stayays first-day y fresh for r 50 . - uh-uh.h. - - oh. ththat is a shshockingly longng time. - uh-uh.h. - - oh. fefebreze alsoso has a refillll reminder r lig. -...
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May 22, 2023
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cnbc's senior real estate correspondent joins us with a closer look. this is so fascinating the way we work obviously that has dra matically changed since covid. what about the number of office spaces right now? >> reporter: it's so interesting. we talk so much about manhattan, but l.a. has bigger problems. the office vacancy rate in l.a. soared to 22.5% in the first quarter of this year compared to 17% of manhattan. this represents 50 million square feet of empty offices as you said. about 60% more than pre-pandemic levels and the office leasing is also really low, and what is being leased is not being used. average occupancy in l.a. and their offices is 49%, and that's slightly lower than the national average. of course, we did see big defaults in buildings in l.a., and you saw that distress in the market. it's also that you see west l.a. because it has media and tech as opposed to downtown which has finance and law. the ones with the biggest exposure here are realty and hudson pacific, and they're all down. the first two about 30%. 25% to 30%, and t
cnbc's senior real estate correspondent joins us with a closer look. this is so fascinating the way we work obviously that has dra matically changed since covid. what about the number of office spaces right now? >> reporter: it's so interesting. we talk so much about manhattan, but l.a. has bigger problems. the office vacancy rate in l.a. soared to 22.5% in the first quarter of this year compared to 17% of manhattan. this represents 50 million square feet of empty offices as you said....
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May 12, 2023
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nbc universal is of course the parent company of nbc news as well as cnbc so interesting to note that conversation let's not forget that linda yaccarino did interview elon musk in miami. the conversation was really around advertising as well as free speech. so who is linda yaccarino? she's been a nbc. kno that is who is bandied about. >> nbc universal is a parent company of nbc news. >>> coming up, the legend of zelda is returning to nintendo switch with a brand new adventure. >>> dolly parton set the academy ofof country music awards ablale with herer new siningle, worldl fire new s single, wororld on fire but dodo i have toto give up sweets?s? if you worork out a didiet pl, nothing g is off limimits. you u dropped itit! i don'n't know if f i can affd all ththese prescrcriptions. we've got t discount p progra, you've g got optionsns. i'i'm just glalad i have y u to t talk to abobout this. thatat's what i'i'm here for. the cgcgm, stilill getting g used to it. let's takeke a look. whwhen you neeeed to talalk didiabetes, our pharmamacists are e here. dr. z! wewe love yourur skincare e v
nbc universal is of course the parent company of nbc news as well as cnbc so interesting to note that conversation let's not forget that linda yaccarino did interview elon musk in miami. the conversation was really around advertising as well as free speech. so who is linda yaccarino? she's been a nbc. kno that is who is bandied about. >> nbc universal is a parent company of nbc news. >>> coming up, the legend of zelda is returning to nintendo switch with a brand new adventure....
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May 3, 2023
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cnbc reporters got a look at the invitation and is asking for a frank discussion about ai. the secretaries of commerce and national security will be in the meeting. the idea is to talk about the importance of ethical and trustworthy innovation. >>> up next, looking at your dna before writing your next prescription. why the key to helping you find the right medicine might be in your genes. >>> also, it's supposed to bring smiles and new toys to the kids of farmworkers, but a toy drive in the south bay isn't going as planned. we'll let you know how you can help. >>> right now the in-flight medical emergency highlighting the lifesaving tool missing inside airplane cabins and the push for change. >>> and then our story about legendary rock star john fogerty led me to an unforgettable moment when we come on here in hi, i'm totodd. i'm a a veteran ofof 23 year. i servrved three o overseas to. i lolove to giveve back toto the commumunity. i i offer whatat i can whwhen i can.. i started d noticing my memorory was slipipping. i saw w a prevagenen commercl and d i did someme research
cnbc reporters got a look at the invitation and is asking for a frank discussion about ai. the secretaries of commerce and national security will be in the meeting. the idea is to talk about the importance of ethical and trustworthy innovation. >>> up next, looking at your dna before writing your next prescription. why the key to helping you find the right medicine might be in your genes. >>> also, it's supposed to bring smiles and new toys to the kids of farmworkers, but a...
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May 22, 2023
05/23
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finances but where should you go if you want the highest quality of life as you live out the golden years cnbc's steve sedgwick is here to break down a new report. steve, good morning. >> good morning. the older gentleman who is doing this report for you, you think if they ever made the cocoon film from 1985 it would be florida, slam dunk, florida. no apparently not according to wallet hub who have listed the best and worst states to retire in the u.s. for retirement, the number one has come in, not florida, but massachusetts. all kinds of reasons, quality of life, it's got some of the top medical centers in the world, moderately tax-free policies for friendly policies for retirees that's number one. surely florida must be number two. no, it's minnesota minnesota comes in at number two, fourth longest life expectancies in the nation, average 80.9 as well one of the best places to raise the family, high median salaries florida must be number three it's not pennsylvania number three. florida finally makes it at number four. new hampshire, maine, wyoming and new york i guess if they do make that mo
finances but where should you go if you want the highest quality of life as you live out the golden years cnbc's steve sedgwick is here to break down a new report. steve, good morning. >> good morning. the older gentleman who is doing this report for you, you think if they ever made the cocoon film from 1985 it would be florida, slam dunk, florida. no apparently not according to wallet hub who have listed the best and worst states to retire in the u.s. for retirement, the number one has...
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May 17, 2023
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and then this morning on cnbc, he used a bit of flattery to move things along. take a listen. >> i think at the end of the day, we do not have a debt default. i think we finally got the president to agree to negotiate. that was probably difficult for him to say as president, he would negotiate with somebody. but it's really what the old joe biden was good at. and now we've got an opportunity for him to be back to what he used to be able to do and let's get the job done. >> now, base on what the president has said in the past, what mccarthy said was not necessarily spot-on accurate. the president has said he will not negotiate over the debt ceiling, that the debt ceiling is not something to be ransomed, that saving or ruining the full faith and credit of the united states was not something that could even be discussed or considered. but he would be willing to talk about cuts to government programs in the future. now, a lot of this is a flip-flop from just a few years back when nancy pelosi was the speaker who wanted something and president trump was the president
and then this morning on cnbc, he used a bit of flattery to move things along. take a listen. >> i think at the end of the day, we do not have a debt default. i think we finally got the president to agree to negotiate. that was probably difficult for him to say as president, he would negotiate with somebody. but it's really what the old joe biden was good at. and now we've got an opportunity for him to be back to what he used to be able to do and let's get the job done. >> now, base...
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cnbc's kayla tausche has the late details. >> reporter: tonight -- june default. >> we're going get started and solve all the world's problems. >> reporter: president biden and top congressional leaders in a standoff over spending. house republicans recently passing a plan to raise the debt limit if democrats agree to steep spending cuts. the house speaker after tonight's meeting. >> what are the odds now of default after this meeting? and what happens next? >> well, the house made sure we wouldn't have the default because we raise the debt limit. >> well, now you met with the president. >> the senate hasn't done anything. i tried to. for 97 days, he has said no. i think the only reason we are actually here today is because we passed something. >> reporter: but democrats rejecting republican spending cut, calling for a debt ceiling with no strings attached. >> i told congressional leaders i'm prepared to begin a separate discussion about my spending cuts but not under threat of default. i made clear we can cut spending and cut the deficit. >> reporter: the u.s. has maxed out its nearly $32
cnbc's kayla tausche has the late details. >> reporter: tonight -- june default. >> we're going get started and solve all the world's problems. >> reporter: president biden and top congressional leaders in a standoff over spending. house republicans recently passing a plan to raise the debt limit if democrats agree to steep spending cuts. the house speaker after tonight's meeting. >> what are the odds now of default after this meeting? and what happens next? >>...
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. >> cnbc here. what are you looking forward to today? >> i am excited to have a discussion. i think it's important and a good time for it. i'm super late. >> do you think the white house is moving quickly enough on regulations? >> hard to say, but i think they're seriously engaged and want to get to the right place. >> he's not late, super late, with a meeting with the vice president of the united states. >> was he super late? >> possibly. but, yes, as we were talking earlier, late stresses me out in a way that in the cab or the uber ride to the airport, if we're five minutes behind schedule -- i'm pretty low key about everything else. >> a lot of viewers have seen me running through the airport. >> or heard your name. >> the doors are shutting. >> that happened to me once. i made the flight. >> thanks, scott. >>> let's take a live look out at san francisco this morning. there's a warning you need to listen up for, because parking tickets on your windshield might be fake. so sf mta confirms scammers have been leaving bogus tickets on cars all over the city and the ticket tel
. >> cnbc here. what are you looking forward to today? >> i am excited to have a discussion. i think it's important and a good time for it. i'm super late. >> do you think the white house is moving quickly enough on regulations? >> hard to say, but i think they're seriously engaged and want to get to the right place. >> he's not late, super late, with a meeting with the vice president of the united states. >> was he super late? >> possibly. but, yes, as...
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treasury secretary janet yellin was on cnbc a short time ago and refused to say. >> i really don't want to get into discussing them and ranking them, because as every treasury secretary has known, the only option that really leaves our economy in good shape and our financial system, is raising the debt ceiling and making clear that congress stands behind the basic principle that america pays its bills, we're not a deadbeat country. >> government debt is a lot of things beyond just the big stuff. it's the medicare payment to your doctor, it's the salary for a soldier, it's an invoice that came from a restaurant that catered a lunch. if washington can only pay out when the money comes in, well, somebody is not going to get paid. >> chase bank, which now owns bay area bank first republic, is warning first republic customers not to fall for scams. if you get a call, for instance, reporting to be from chase, offering to help you transfer money to chase, that's a scam. the transfers are automatic with the change of ownership. chase warning, quote, you should not respond to calls or texts clai
treasury secretary janet yellin was on cnbc a short time ago and refused to say. >> i really don't want to get into discussing them and ranking them, because as every treasury secretary has known, the only option that really leaves our economy in good shape and our financial system, is raising the debt ceiling and making clear that congress stands behind the basic principle that america pays its bills, we're not a deadbeat country. >> government debt is a lot of things beyond just...
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. >> elon musk tells cnbc if his mean tweets cost him advertisers, well, quote, so be it. we'll show you that interview. >> let's take you to the futures this morning. another positive day ahead. >> a staple drink in many school cafeterias could soon be banned. the reason and why it could upset your >>> good wednesday morning. the time is 6:12. let's head to the north bay. looking at santa rosa, it starts out cloudy and it's now 51 degrees. as we go throughout the day, it's going to start to clear up around 9:00 to 10:00, and we'll head for the low 70s at lunchtime and mid-70s early in the afternoon. we are going to have a pleasantly warm day and a little cooler. we'll look at the weekend forecast coming up. >>> on the peninsula it's hazy southbound, the taillights very sparsely populated, but building volume. north bay, we see the build coming from silicon valley. we'll talk about the speed sensors. at the bay bridge you know there's the backup, but this is not as bad as we often see on a wednesday. we'll see how things are shaping up approaching the area. >>> good mornin
. >> elon musk tells cnbc if his mean tweets cost him advertisers, well, quote, so be it. we'll show you that interview. >> let's take you to the futures this morning. another positive day ahead. >> a staple drink in many school cafeterias could soon be banned. the reason and why it could upset your >>> good wednesday morning. the time is 6:12. let's head to the north bay. looking at santa rosa, it starts out cloudy and it's now 51 degrees. as we go throughout the...
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i'm silvana hanao from cnbc. wall street is set to open higher after the white house and house republicans struck a tentative deal this weekend to raise the debt ceiling, and congress could vote on the measure as soon as tomorrow. although there are still a few hurdles to clear and lawmakers have until june 5th to pass the measure before the government potentially runs out of cash to pay the country's bills. the market closing higher on friday, posting gains for the week. in focus, we get data on home prices and consumer confidence. a cybersecurity firm says a popular android screen recording app has spied on its users, stealing microphone recordings and other documents from phones and the firm found that the app called i-recorder screen recorder introduced a malicious code almost a year after it was listed in the google play store and the code allowed it to upload a minute of audio from a device's microphone every 15 minutes, and access documents, web pages and media files. the app is no longer listed in google
i'm silvana hanao from cnbc. wall street is set to open higher after the white house and house republicans struck a tentative deal this weekend to raise the debt ceiling, and congress could vote on the measure as soon as tomorrow. although there are still a few hurdles to clear and lawmakers have until june 5th to pass the measure before the government potentially runs out of cash to pay the country's bills. the market closing higher on friday, posting gains for the week. in focus, we get data...
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. >> morgan brennan joins us now with today's cnbc "money minute." hi, morgan. >> hi there. disney announcing it is no longer moving forward to build a new florida campus amid the ongoing feud with the state's governor, ron desantis. the entertainment giant also announcing it will no longer be requiring 2,000 california-based employees to relocate to florida. the chairman of disney's parks division said, quote, changing business conditions are leading to this decision. >>> walgreens meantime, has reached a settlement with the city of san francisco over the company's role in the opioid epidemic. they will pay nearly $230 million over 14 years after a judge found walgreens liable for contributing to the epidemic. the settlement funds will go toward addressing the opioid crisis in the city. >>> chick-fil-a's first ever restaurant is closing after more than 50 years. the location in an atlanta mall shutting down but the company did not say why. the fast food chain has over 2600 restaurants across the country. guys, when this store opened up in 1967, you could get a chicken sandw
. >> morgan brennan joins us now with today's cnbc "money minute." hi, morgan. >> hi there. disney announcing it is no longer moving forward to build a new florida campus amid the ongoing feud with the state's governor, ron desantis. the entertainment giant also announcing it will no longer be requiring 2,000 california-based employees to relocate to florida. the chairman of disney's parks division said, quote, changing business conditions are leading to this decision....
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. >> morgan brennan joins us with today's cnbc's "money minute." >> well, jpmorgan is laying off a thousand employees of defunct lender first republic bank. they took over the failed regional bank a few months ago and offered new roles to nearly all of the 7,000 first republic employees. now the employees who are not part of the transition have been notified that they will be let go. >>> "the wall street journal" meantime, is revealing that a record-breaking $279 million whistle-blower reward stemmed from a bribery case against telecommunications company ericsson. the s.e.c. didn't identify the tipster or how the information may have been used in enforcement prosecution. >>> ford and tesla have agreed to a partnership giving ford owners access to tesla's nationwide charging infrastructure. under the agreement announced by ford ceo's jim farley and tesla's ceo elon musk on thursday on twitter, current ford owners will be granted access to more than 12,000 tesla superchargers across the u.s. and canada starting early next year and, guys, that news supercharging the stocks, as well. both of th
. >> morgan brennan joins us with today's cnbc's "money minute." >> well, jpmorgan is laying off a thousand employees of defunct lender first republic bank. they took over the failed regional bank a few months ago and offered new roles to nearly all of the 7,000 first republic employees. now the employees who are not part of the transition have been notified that they will be let go. >>> "the wall street journal" meantime, is revealing that a...
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. >> morgan brennan joins us with the cnbc money minute. >> hi. disney is reportedly announcing another round of layoffs this week with more than 2,500 staffers expected to lose their job, that's according to multiple reports. it's not clear which departments will be affected or when employees will be notified. but this would be disney's third major round of job cuts this year and part of bob iger's efforts to eliminate a total of 7,000 jobs. comcast is offering a new streaming service that bundles popular tv networks and peacock the new service now tv, will be $20 a month and added to any smart device like a fire tv. it comes with 60 channels. and krispy kreme is showing love to the class of 2023. a free original dozen donuts to any grad who wears something signifying they're graduating. this is the fourth year of the promotion and this year the treats come with a dough-ploma. >> i love puns. i have to get my cap and gown. >> my toddler is graduating from preschool. does that count? >> did you say tomorrow? i have a graduate. >> we can take a fie
. >> morgan brennan joins us with the cnbc money minute. >> hi. disney is reportedly announcing another round of layoffs this week with more than 2,500 staffers expected to lose their job, that's according to multiple reports. it's not clear which departments will be affected or when employees will be notified. but this would be disney's third major round of job cuts this year and part of bob iger's efforts to eliminate a total of 7,000 jobs. comcast is offering a new streaming...
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. >> okay, morgan brennan joins us with cnbc's "money minute." hey, morgan >> that's right. so, of course, my computer just went down. tesla is recalling nearly every vehicle it sold in china to fix a braking issue. the ev-maker will deploy updates to 1 million cars to provide notification to drivers. it is unclear if it was sold outside of mainland china and subject to the same recall. >>> meantime, imagine an ai-powered linkedin on steroids. goldman sachs has seen that. this new company will be an ai-powered networking place and funded by goldman for over two years. >>> and former nfl quarterback tom brady is looking to become a part owner of the las vegas raiders. this is according to espn. the brady and the team have been in discussions for weeks and comes after brady's purchase of the aces which is owned by mark davis. guy, maybe retiring from the field but maybe not from the game. we'll have to see. >> yeah, on the business side. >> he has the whole pickleball empire. >> i forgot about that. >> he has the pickleball empire. what he doesn't have anymore is the cryptocur
. >> okay, morgan brennan joins us with cnbc's "money minute." hey, morgan >> that's right. so, of course, my computer just went down. tesla is recalling nearly every vehicle it sold in china to fix a braking issue. the ev-maker will deploy updates to 1 million cars to provide notification to drivers. it is unclear if it was sold outside of mainland china and subject to the same recall. >>> meantime, imagine an ai-powered linkedin on steroids. goldman sachs has...
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. >> morgan brennan joins us now with today's cnbc money minute. hey, morgan. >> hi, kate and vicky. netflix wants to find ways to save money and cut $300 million. the streaming giant has pushed back its crackdown on password sharing, but staffers have been told layoffs aren't coming, but they need to be more strict with spending especially related to hiring. >>> "the philadelphia inquirer" was unable to print its sunday paper due to a cyberattack. they're working to restore operations after the intrusion, and there was no timeline for full printing restoration. the paper contacted the fbi to investigate. >>> and a new company, telly wants to give away millions of televisions. the company was founded by someone who wants to bring free content. the tvs will come for free, but viewers will be subject to a second screen showing constant advertisements that are specifically tailored to them. so guys, free tvs, but the tradeoff here, you got to give away some of your data, and you got to pay attention or at least have these ads streaming basically all t
. >> morgan brennan joins us now with today's cnbc money minute. hey, morgan. >> hi, kate and vicky. netflix wants to find ways to save money and cut $300 million. the streaming giant has pushed back its crackdown on password sharing, but staffers have been told layoffs aren't coming, but they need to be more strict with spending especially related to hiring. >>> "the philadelphia inquirer" was unable to print its sunday paper due to a cyberattack. they're working...
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pippa stevens joins us with today's cnbc "money minute." >> reporter: starting with amazon, its ring doorbell unit will pay $5.8 million to the ftc in a settlement over privacy violations. the agency filed a lawsuit against ring alleging unfair or deceptive business practices saying it gave third party contractors access to customer videos without having procedures in place to protect their privacy. >>> and a new disclosure from di felt says twitter is only worth one-third of the amount it was when elon musk and his co-investors bought it for $44 billion back in october. the marked down value comes after musk hired former nbcuniversal chief linda yacorino to navigate an overhaul of the company. >>> new list featuring the most loved brands in america. patagonia took the top spot in this year's axios harris poll 100 reputation rankings with costco, john deere, trader joe's and chick-fil-a rounding out the top five. tech giants amazon and apple ranked eighth and tenth respectively. i got to admit i am a patagonia loyalist so i'm not surprised to see that. >> i was looking it up again la
pippa stevens joins us with today's cnbc "money minute." >> reporter: starting with amazon, its ring doorbell unit will pay $5.8 million to the ftc in a settlement over privacy violations. the agency filed a lawsuit against ring alleging unfair or deceptive business practices saying it gave third party contractors access to customer videos without having procedures in place to protect their privacy. >>> and a new disclosure from di felt says twitter is only worth...
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. >> reporter: musk who has faced intense scrutiny weighing in on the race with cnbc. >> i wish we could have a normal human being as president that's what i want. >> reporter: after launching his campaign, desantis plans to visit early voting states on memorial day though he's already been making the rounds and touting what he calls the florida blueprint. he has faced blowback for his governing style after his fight with disney which scrapped $1 billion plan to relocate 2,000 workers to the state before getting into the race, desantis has been a favorite target and the former president now blasting his launch plan a trump adviser telling nbc news, quote, announcing on twitter is perfect for ron desantis this way he doesn't have to interact with people desantis who once embraced trump has begun to fire back, blaming him for recent election losses. >> we must reject the culture of losing that has infected our party in recent years. >> reporter: after that, we expect a more traditional campaign rollout with a launch video and a visit to early voting states next week. but meanwhile, already
. >> reporter: musk who has faced intense scrutiny weighing in on the race with cnbc. >> i wish we could have a normal human being as president that's what i want. >> reporter: after launching his campaign, desantis plans to visit early voting states on memorial day though he's already been making the rounds and touting what he calls the florida blueprint. he has faced blowback for his governing style after his fight with disney which scrapped $1 billion plan to relocate 2,000...
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last night he talked exclusively to cnbc's david faber. >> there is a strong possibility that it will make life much better, and there is some chance that it goes wrong and destroys humanity hopefully that chance is small, but it is not zero. >> reporter: for years hollywood has envisioned a dark future controlled by computers. >> what am i >> reporter: i. robot may be extreme, dr. jeffrey hinton recently left his job at google to issue a stark warning. >> i think it's possible that people are just passing phase in the evolution of intelligence. >> reporter: people are passing phase, in other words, computers will take over >> yes, that's possible. >> reporter: an existential threat to all of us. listen to where that warning is coming from. these interest guys who invented this technology and growing bipartisan agreement in congress that a.i. needs to be regulated, but the u.s. is far behind europe where new a.i. guardrail laws are moving towards passage, riskier apps would be facing oversight in europe, laws would move to protect children, ban scoring people based on their behavior a
last night he talked exclusively to cnbc's david faber. >> there is a strong possibility that it will make life much better, and there is some chance that it goes wrong and destroys humanity hopefully that chance is small, but it is not zero. >> reporter: for years hollywood has envisioned a dark future controlled by computers. >> what am i >> reporter: i. robot may be extreme, dr. jeffrey hinton recently left his job at google to issue a stark warning. >> i think...