Tech
A second wave of layoffs looms as coronavirus stimulus talks stall: CNBC After Hours
CNBC.com’s MacKenzie Sigalos brings you the top business news headlines. On today’s show, CNBC’s Seema Mody breaks down corporate America’s massive wave of layoffs, and explains why more could be coming as large industries and small businesses alike wait for a relief package from Washington. Plus, University of Miami law professor and former Department of Justice antitrust attorney John Newman dives into the House of Representatives’ 450-page report on the Apple, Google, Amazon, and Facebook.
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CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge’s so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon to build 100,000 electric delivery vans could help it succeed. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Last month, Rivian and Amazon rolled out the first of the electric vans. They are starting to deliver packages in a handful of cities, including Seattle, Baltimore, Chicago and Phoenix.
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Chapters:
00:00 — Introduction
00:48 — Will Dodge’s Electric Muscle Car Satisfy Its Die-Hard Fans? (Published October 2022)
15:31 — Does The Tesla Semi Live Up To The Hype? (Published February 2023)
31:33 — How Amazon Is Giving Rivian An Edge In The EV Industry (Published August 2022)
44:50 — How Electric Vehicles Will Change The Midwest Economy (Published September 2022)
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How Car Makers Are Switching To EVs | CNBC Marathon
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Lowered compliance costs, greater control over products, more big engines, more pickup trucks. These are just some of the changes investors expect from the rollback of fuel economy rules and the elimination of fines. Data indicate pent up demand for pickup trucks, and many automakers are bringing back V-8 engines. At the same time, hybrid vehicles are surging, and electric vehicles have longer term structural demand in their favor.
Chapters:
0:00 Introduction
01:23 Chapter 1: New rules
03:01 Chapter 2: Why this matters
04:52 Chapter 3: Challenges
06:22 Chapter 4: Fuel efficiency
Produced by: Robert Ferris
Edited by: Darren Geeter
Camera by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Ford, GM
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Why Fuel Economy Rollbacks Will Spur More Trucks, More V-8 Engines
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U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung.
Schools including Purdue and Arizona State have new semiconductor degree programs, and all the biggest chipmakers are investing millions to create pipelines of U.S. chip talent.
CNBC’s Katie Tarasov has the details. Watch the related video for full report.
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CNBC’s Michael Wayland takes a first look at electric vehicle startup Slate Auto’s modular $25,000 pick up trucks. The cars are affordable and basic, with features that buyers can customize. That includes turning the truck into an SUV. The vehicles had more than 150,000 refundable reservations before their release, despite waning consumer demand in EVs in the U.S. The company is about to find out if the truck can disrupt the market.
Reporting by: Michael Wayland
Produced and Camera by: Natalie Rice
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Slate Auto
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CNBC Takes A First Look At Slate Auto’s $25,000 Modular Cars
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AI data centers are driving unprecedented demand for electricity and putting renewed pressure on America’s power grid to modernize its equipment and develop greener, more efficient sources of power. Google, Meta, Microsoft and Amazon are all spending millions of dollars on local infrastructure upgrades and companies like SpaceXAI are even building off-grid power plants to power their data centers.
Google says its planned 780-megawatt data center in Pine Island, Minnesota, could offer a model for powering the AI boom. In a proposed agreement with Xcel Energy, Google says it will support 1,900 megawatts of new wind, solar and battery capacity, while minimum payments and exit fees are intended to protect local ratepayers if demand falls short.
CNBC examines whether projects like Pine Island can make the grid cleaner without shifting costs to existing customers, why some energy experts argue that smaller data centers could make better use of infrastructure already in place, and how utilities’ financial incentives can complicate efforts to build less.
Chapters:
0:00 – 2:06 Introduction
2:07 – 4:49 Off-grid solutions
4:50 – 9:00 Upgrading the grid
9:01 – 11:44 Smaller data centers
Produced by: Jeffrey Kopp
Senior Director of Video: Jeniece Pettitt
Tech Correspondent: MacKenzie Sigalos
Edited by: Erin Black, Matt Soto
Camera: Donny Rowles
Animation: Jason Reginato, Emily Park
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Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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The Race To Power AI Is Reshaping America’s Electric Grid
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@eriedailydriver6
January 12, 2024 at 8:52 am
Funny because everyone restaurant in my town is hiring and nobody wants to work 🙃
@shuaibuumar8050
January 12, 2024 at 8:52 am
The most successful people started from nothing. They didn’t wait for the opportunity to knock but created the opportunity on their own, worked hard and made history. Mr Dennis @Dennis__forex09 on Insta. is a legendary binary options trader. I will always recommend him for your trade….
@ashleyburnier9156
January 12, 2024 at 8:52 am
You can never say the economy is doing good, based on 4 major companies like amazon.
@sam-mm1eq
January 12, 2024 at 8:52 am
you idiots would've had your jobs still if you shut your damn mouths about not wearing a mask
@-First-Last
January 12, 2024 at 8:52 am
Very very important, vote for Trump whether you like HIM or not.
I know a lots of democrats left without a choice other than voting republican.
It's ALWAYS GOOD to have opposition but the democrat LEADERS decided to abandon their people going crazy to extreme left to the point of becoming traitors.
With all due respect to our REAL democrat friends, neighbors, colleagues, people.
It is between normal (republican) and insanity (democrat LEADERS).
Best regards
@trhobbies9382
January 12, 2024 at 8:52 am
Everyone in California there's still time to sign a petition to recall Governor Newsom . If you Google recallGavinnewsom2020.com you'll find a website that has information on where you can find locations near you to sign in person. please sign the petition!
….
@80bbygrl
January 12, 2024 at 8:52 am
So our government just doesn't care. Period.
@davidtucker3538
January 12, 2024 at 8:52 am
prime, robinhood they always insert paid content in the news
@issiewizzie
January 12, 2024 at 8:52 am
To curious why Goldman Sachs is laying off people
@galaxywolf4895
January 12, 2024 at 8:52 am
Greedy supper rich people the top 0.1% that can never seem to have enough money have been destroying this country for decades.
@PeeGeeJr-mx3qi
January 12, 2024 at 8:52 am
People are quick to march for George Floyd ……… why are we not marching on Washington? Especially the senate since they are holding up us getting relief since June!
@OptimistPrime_1
January 12, 2024 at 8:52 am
She is an amazing presenter. Wow
@alenagoddess2400
January 12, 2024 at 8:52 am
If we as workers pay into unemployment and employers pay then the government shouldn't be dipping into that money and shouldn't need to borrow money in a stimulus. when one Law firm represents USA and the majority of corporations that is antitrust.
@bradknight2618
January 12, 2024 at 8:52 am
Please, you are not credible in the information your giving at all! Until there is a vaccine there is no sense in bailing out any industry that will not be able to go back to full operation. Is there any common sense left !
@stevenarvizu3602
January 12, 2024 at 8:52 am
Why does that guy think splitting up tech companies would work? As Andrew Yang used to say, no one wants to use the 4th best search engine. We cant even get people to use Bing u think theyre gonna use the 4th best Amazon?
@MalcolmRandall
January 12, 2024 at 8:52 am
I feel that (whenever) when Trump leaves, Covid's leaving with him.
@ronbaltus1092
January 12, 2024 at 8:52 am
Stop censorship at Facebook, Twitter! Free speech should never be lost! Tyranny is broken by the truth! This Plandemic is brought to you buy billionaires Bill Gates, George Soros and Klaus Schwab. Politicians bought off for their gain and your loss. Can you say class action lawsuit against corrupt politicians!
@ristekostadinov2820
January 12, 2024 at 8:52 am
everybody loves the mobile game Robinhood
@nonyabiz9340
January 12, 2024 at 8:52 am
viewers weren't captivated by the fly, the media was captivated by it because they didn't want to talk about Kamala not answering questions like "will you pack the court."
@lextacy2008
January 12, 2024 at 8:52 am
but but but but but I thought Trumps economy was so great that it could overcome the virus?! Where are the tons of cranes building new jobs?!
@weerawarakul1817
January 12, 2024 at 8:52 am
f** crazy pelosi
@ewokisamokis747
January 12, 2024 at 8:52 am
Thanks Nancy
@juandoria4182
January 12, 2024 at 8:52 am
Second wave would destroy Hawaiis last hope for small businesses
@karlbergersan
January 12, 2024 at 8:52 am
At the recommendation of the WHO, measures are being taken worldwide to protect people from the consequences of the coronavirus. Some governments also use force to implement these recommended measures. The question that increasingly arises is whether these measures do more harm than the coronavirus itself.
Here is my film on the subject:
https://youtu.be/LX0Co9MjKw8
@amherst410
January 12, 2024 at 8:52 am
I hate the music. It's distracting.
@gman7644
January 12, 2024 at 8:52 am
LIKE im gonna feel bad for any oil company, they've been gouging us for decades
@gman7644
January 12, 2024 at 8:52 am
I Bet the airline ceo's havent taken a pay cut
@calhenry2006
January 12, 2024 at 8:52 am
I got furloughed twice , and now I got laid off….and unemployment for Floridian is 275 weekly , that's crazy….I can not wait for the election to kick out those Mickey people in the office….this is my story and this is my song , vote them out
@smithwelson7755
January 12, 2024 at 8:52 am
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@robertpickett2569
January 12, 2024 at 8:52 am
2nd wave.?? 3rd & 4th, they still will not admit the severely horrible devastation & the length of it, they know full well is about to drop upon us .!!!
@MsTickle
January 12, 2024 at 8:52 am
Hey America, while you guys wait on our government to give us back some of our money and in case you didn't know.
About 50% of annual federal revenue comes from individual income tax.
Let that sink in…
ALL politicians are corrupt and greedy. It doesn't matter if they're Republican, Democrat, Independent, Third Party… whatever.
To continue to put the fate of our families, our futures and the future of our country in their hands is madness.
@TruthSeeker09825
January 12, 2024 at 8:52 am
I don't understand how asking Chevron employees to reapply for their job helps anything unless they weren't going to hire them back or they are going to hire them back at a less wage. Who does that help but Chevron? Someone explain how this benefits the employee? I may be missing something.
@jadadixon2969
January 12, 2024 at 8:52 am
I voted did u😛🌕🌈😀
@chiragpatel8597
January 12, 2024 at 8:52 am
America – Everyman/woman for themselves. Darwinism and capitalism at work.
@geneisxincuenta9447
January 12, 2024 at 8:52 am
What do you expect a few companies have gotten away with too much stuff up until now. I would not support a bail out for big companies or zombie business anymore.
@malvinderkaur4187
January 12, 2024 at 8:52 am
with almost everything shut down.. what work one is saying… from schools to every other one.. so why are chosen ones other than food/drug stores are open? this way everything else ought to open also.. if this was not bad mad enough… insanity goes further in tearing lives. yet daily you see cars whizzing going somewhere… where?
@lamasteve6905
January 12, 2024 at 8:52 am
Airlines are old tech just like Ford and Chevy. We don't want the bill. Give the money to the people and we will fund who we want !
@projectfreedom9510
January 12, 2024 at 8:52 am
They need to layoff people within the House and Senate first. The ones that are suppose to be working for us not working for self and political gains. Both parties are at fault for this. It's not one or the other. People are fed up with our government. They play games while we suffer.
@conor2439
January 12, 2024 at 8:52 am
Layoffs will hit hard. Jobs will be sent to India or automated. A job that can be done on a computer can be done by a computer. I own a small contacting company and I bartend a few nights a week. I make well over $100k per year. Try automating my job or having Sunjay do it!
@mosmotivation1223
January 12, 2024 at 8:52 am
Make America Godly Again
@harrisanderson8689
January 12, 2024 at 8:52 am
Stocks are good, but investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
@KCTX87
January 12, 2024 at 8:52 am
Yet unemployment is cutting off
@massmaxi8649
January 12, 2024 at 8:52 am
You all stay safe , go and vote them out