Tech
Can Homeowners In The U.S. Afford Climate Change?
From western wildfires to east coast flooding, climate change is wreaking havoc on American homes. In this thrilling and emotional documentary, CNBC follows life after fire victim Jenna Johnson narrowly escaped California’s deadliest and most destructive fire, the Camp Fire. Meanwhile, standing in his flooding garage, Miami Beach resident Curt Dyer debates raising his house 4 feet to escape the water. Watch the full documentary to see how climate change victims are trying to protect themselves and their homes.
The rain fell steadily at Curt Dyer’s Miami Beach, Florida, home on a mid-July day this summer. He opened the door to the garage and pointed to the flood already collecting in his driveway. He said it wouldn’t be long until the whole garage flooded.
Even though he faces daily nuisance flooding, the 30-year Miami Beach resident said he is not considering moving. “It’s paradise living here.”
Dyer estimates he’s spending about $250,000 in renovation costs to make his home more resilient to flooding. While that figure includes some upgrades to the cabinetry in the kitchen, the main structural change will raise the driveway 3 feet and pitch it so water will flow into the street. He’s also raising his guest bedroom and bathroom 4 feet.
Jesse Keenan, associate professor of real estate at Tulane University, says these types of resiliency fixes, which are primarily available to the wealthy, create a game of musical chairs with home equity.
As long as homeowners like Dyer are able to sell their property at a higher price after resiliency investments, they come out on top. Eventually, however, a homeowner or bank could end up losing everything if a flood or other disaster destroys the house and makes the property unlivable. Over time, this risk will increase insurance rates and make it harder to get mortgages.
“We anticipate a rapid decline in valuation,” Keenan told CNBC. “Only the wealthy can afford to live, for instance, in high-risk coastal areas, because everybody else can’t insure it and won’t be able to get a mortgage.”
In fact, homes exposed to sea level rise sell for about 7% less than their unexposed counterparts, according to a study published in 2019 in the Journal of Financial Economics. That discount jumps to 10% when the owner of the property is not living there.
Flooding is the most common and most expensive natural disaster in the U.S., according to FEMA. Ninety percent of all natural disasters in the U.S. involve flooding and just 1 inch of water can cause $25,000 of damage to a home.
A 2018 Insurance Information Institute survey found that only 15% of American homeowners have flood insurance. Keenen fears all this combined will lead to a situation where only the wealthy will be able to protect themselves from climate danger.
Dyer said registering his flood claims has been relatively simple but he and his husband are paying out of pocket for these major renovations. But it’s worth it to make his dream home complete, and he expects Miami Beach will continue to be livable for at least another 20 years.
“If I didn’t have the resources and the capability to make the repairs, I would probably have no desire to live in these conditions in this environment. It would be unacceptable. But I do have the resources. I have the ability to make the correction. So I’m going to do it,” he said.
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Can U.S. Homes Survive Climate Change?
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CNBC’s Deirdre Bosa reports on Alibaba’s entry into the smart-speaker market with the Genie device, which the tech giant announced Wednesday. For now, the device only speaks Mandarin.
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Alibaba Unveils Smart Speaker To Rival Amazon Echo And Google Home | CNBC
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The 2026 World Cup will be the most attended tournament to date. Recent outbreaks of deadly diseases like Ebola and the hantavirus have caused public concern that a health crisis could be on the way. But officials believe there are higher risks of other, more contagious diseases. CNBC’s Annika Constantino has the details.
Reporting by: Annika Constantino
Produced and Shot by: Natalie Rice
Edited by: Darren Geeter
Animation: Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Reuters
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Why You Shouldn’t Worry About Ebola At The World Cup And What To Watch For Instead
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Printed circuit boards sit underneath nearly every chip, a quiet but crucial piece of the booming AI market. But they’re also a growing problem for the U.S., because nearly all AI circuit boards, for Nvidia, Google, Apple and others, are made in China. This creates supply chain vulnerabilities and opportunities for adversaries to sneak through malicious components. Amid ongoing wars in Iran and Ukraine, PCB demand and prices have never been higher. But national security risks mean the military can only source PCBs from the dwindling number of domestic factories. Now, new legislation would incentivize building and buying American-made circuit boards. CNBC visited TTM, the largest U.S. circuit board maker, to see how PCBs are made and find out how the U.S. is trying to catch up with China.
Chapters:
0:00 Introduction
3:09 Not just ‘dumb plastic’
7:29 Why security matters
10:24 How China got ahead
12:41 Can the U.S. regain ground?
Produced and Reported by: Katie Tarasov
Edited by: Marisa Forziati
Additional Editing: Erin Black
Camera by: Andrew Evers, Devan Burris
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park, Christina Locopo, Alisa Stern
Additional Footage: Alisa Stern, Getty Images, Itera, Intel, Nvidia, PCBAA, Quilter, Sanmina, TTM, TSMC
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U.S. Confronts The Hidden Risk Of Chinese Circuit Boards Fundamental To AI Chips
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CNBC In Other News brings you stories that missed the spotlight.
Heated battles are unfolding in the courtroom between electric air taxi companies like Joby, Archer and Vertical, threatening to sidetrack certification aspirations and investor appetite. Shares of major air taxi makers have dropped this year as sentiment sours. eVTOL makers have long pushed back certification timelines, but the Trump administration’s pilot program is providing the support to get them across the finish line.
The 2026 box office is projected to reach $10 billion for the first time since 2019, and Gen Z is fueling this moviegoing surge. Gen Z, those born between 1999 and 2012, are seeing more movies and spending more money than other generations. Although inflation remains high in May 2026, movies are still cheaper than many other forms of entertainment and are viewed as an affordable social outing for young audiences. Sarah Whitten has more on what’s drawing them to theaters.
The Asian food category has become $37 billion market in the U.S. as consumers crave more Asian inspired snacks and meals. While American mainstream grocery stores used to only carry a limited selection of “ethnic foods,” chains like Whole Foods, Trader Joe’s and Aldi are now selling Asian products in every category like sauces, meats, packaged foods, frozen meals and spices and have been adding more items. These products appear across the store, rather than just in the ‘global foods’ section. CNBC’s Laya Neelakandan explains this rise.
Warner Music Group, which owns some of the biggest labels in the world, is investing in South Asian talent through its 5 Junction record label. Spearheaded by music industry titan Anjula Acharia, it is working to bring South Asian talent to western audiences, signing artists like Rhea Raj and Nora Fatehi. CNBC’s Laya Neelakandan explores why South Asian music is gaining steam in the U.S.
Chapters:
0:00-1:00 Introduction
1:00-3:30 How court battles have delayed the U.S. eVTOL commercial goals
3:31-8:05 Why Gen Z is driving the box office
8:06-11:50 Why Whole foods, Trader Joe’s and Aldi are selling more Asian groceries
11:51-16:25 After K-Pop and Afrobeats, is South Asian music the next big thing in the U.S.?
Host: Ryan Baker
Reporters: Samanta Subin, Laya Neelakandan, Sarah Whitten
Producers: Erin Black, Natalie Rice, Ryan Baker
Camera by: Natalie Rice, Andrew Evers, Ryan Baker
Editors: Andrew Evers, Andrea Miller, Meline Rosales, Natalie Rice, Zachary Green, Devan Burris
Animations: Jason Reginato, Emily Park, Christina Locopo, Alisa Stern
Managing Producer: Juhohn Lee
Manager Video Distribution: Divya J. Verma
Senior Directors of Video: Jeniece Pettitt, Lindsey Jacobson
Additional Footage: Getty Images, Geem, Disney, Reuters, Universal Pictures, Warner Bros., 5 Junction Records
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Air Taxis, Gen Z Moviegoers And Asian Cultural Boom | In Other News
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For the first time, enterprise technology costs roughly the same as people and CFOs are starting to openly make that comparison. Annual AI budgets are getting exhausted in weeks, and the next incremental dollar inside major companies is increasingly going to AI spend instead of a new hire.
CNBC’s Deirdre Bosa talks with two CEOs at the center of that trade:
» Arvind Jain, CEO of Glean, which just hit $300 million in annual recurring revenue, on what the AI cost reckoning looks like from inside their Fortune 500 customers.
» Matan Grinberg, CEO of Factory AI, on how companies are starting to route work across multiple AI models to control costs, and what it signals about the labor and capital decisions reshaping corporate budgets.
Anchor and columnist: Deirdre Bosa
Produced by: Jasmine Wu
Editing by: Erin Black
Technical Associate: Sami Savona
Senior Director of Video: Jeniece Pettitt
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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.
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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