The Essential is equipped with Qualcomm’s Snapdragon 835 processor camera.
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Android Founder Andy Rubin Unveiled The New Essential Phone Ph-1: Bottom Line | CNBC

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Once a right of passage for most American families, theme parks like Disney World and Disneyland are quickly becoming out of reach for many middle class American families. Over the past 10 years, the average cost for a Disney World single-park ticket has increased more than 56%, above the national rate of inflation of 32% in the same period. And that doesn’t include the cost of food, merchandise, lightning lane, hotels and airfare. The average cost of a five-night Disney World vacation for a family of four in 2024, with all the bells and whistles, comes in at around $5,000, according to Wolfe Research. In its Q3 2024 earnings, Disney said its parks and experiences segment felt pressure due to lower consumer demand and inflation. This is a trend that is industry wide — Comcast’s Universal Studios also experienced a drop in attendance in 2024. Disney World is the most visited theme park in the world, but have recent price increases pushed inflation-weary Americans away? Will Disney trips continue to be a staple of American childhoods or is it becoming a luxury? CNBC explores.

Chapters
00:00 – 2:37 Cold open
2:42 Magic and money
9:24 Disney debt
12:25 Passholder departure
15:12 What’s next

Produced by: Devan Burris
Edited by: Marc Ganley
Supervising Producer: Jeniece Pettitt
Animations by: Christina Locopo

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How Disney Vacations Became Too Expensive For Many Americans

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The U.S. is produced more oil than it ever has in 2023, according to the U.S. Energy Information Administration. In fact, this record marks the most oil ever produced in a year by any country in the history of the world. Both the oil and gas industry and the renewable energy industry are receiving billions of dollars in government support, primarily via subsidies. The Inflation Reduction Act is providing $369 billion to combat climate change, and $270 billion will be delivered through tax incentives. “We’re building out the infrastructure for clean energy, but we can’t retire the infrastructure for oil because we’re still using it,” Amy Myers Jaffe of New York University’s Energy, Climate Justice and Sustainability Lab, told CNBC. Here’s how the U.S. became the largest oil producer of all-time in 2023 — and what that means for the green energy transition.

Chapters:
0:00 Introduction
01:32 Ch. 1: Record oil production
04:37 Ch. 2: Government support
07:17 Ch. 3: Renewables transition
11:26 Ch. 4: What’s next?

Produced and Edited by: Andrea Miller
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images

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How The U.S. Is Pumping More Oil Than Any Country In History

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PayPal founder and former CEO Peter Thiel speaks at the Economic Club of New York.
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Tech Investor Peter Thiel Speaks At Economic Club Of New York – Thursday March 15, 2018 | CNBC

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Plant Vogtle, a nuclear power plant in Waynesboro, Ga., is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant’s Unit 4 reactor began commercial operations in April and Unit 3 went online last year. They are the first reactors built from scratch and connected to the grid in over three decades and together can power over a million homes and businesses, according to the utility provider.

But bringing a nuclear power plant to life is difficult and costly. The two new reactors at Plant Vogtle were initially budgeted at $14 billion, but that price tag more than doubled. The project also ran seven years behind schedule.

“We had some challenges, it was an arduous journey, things that we didn’t anticipate,” said Chris Womack, CEO of Southern Company. “From the tsunami in Fukushima to the contractor going bankrupt to Covid. There were a number of things that occurred.

The U.S. has 54 operating nuclear power plants and 94 reactors, making it the world’s largest producer of nuclear power — accounting for 30% of global nuclear electricity, according to the World Nuclear Association.

But reactors in the U.S. are 42 years old on average, and they’re getting older. Replacing them is a complex task.

So why is it so hard to build nuclear reactors in the U.S. and should the new Vogtle reactors be a blueprint or a cautionary tale for the future?

Chapters:
0:00-2:25 Introduction
2:26-6:04 Chapter 1. Plant Vogtle
6:05-9:46 Chapter 2. Falling Behind
9:47 – 12:50 Chapter 3. Small modular reactors

Produced by: Shawn Baldwin
Edited by: Nic Golden Henry
Supervising Producer: Jeniece Pettitt
Reporter: Pippa Stevens
Animation: Christina Locopo
Additional Production: Harriet Taylor, Van Applegate
Additional Footage: Getty Images, NuScale Power, Southern Company

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Want to be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in “Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure” to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGB

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Why It’s So Hard To Build Nuclear Power Plants In The U.S.

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