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What’s In The Big Beautiful Bill And Why Elon Musk Hates It

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President Donald Trump is pushing to pass a sweeping tax and spending bill by July 4, but the proposal is already sparking fierce internal GOP debate. The bill combines 2017 tax cut extensions with new Trump-era proposals, including deductions on American-made auto loans and changes to child tax credits. But not everyone is on board. Elon Musk has launched a high-profile feud with Trump over the bill, and key Republican senators are warning that the bill could add trillions to the national debt.

CHAPTERS:
0:00 Introduction
1:45 What’s in the bill?
3:41 Why does Elon Musk oppose it?
7:12 Impact

Reporting by
Emily Wilkins
Produced by
Charlotte Morabito
Edited by
Andrea Miller
Senior Director of Video
Lindsey Jacobson
Additional Footage
Getty Images

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What’s In The Big, Beautiful Bill And Why Elon Musk Hates It

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New Apps To Keep Drunk Drivers Off The Road: Bottom Line | CNBC

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A federal agency looks to keep drunk drivers off the road with the help of high-tech devices.
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New Apps To Keep Drunk Drivers Off The Road: Bottom Line | CNBC

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This Could Be A Mortal Threat To Facebook: Quartz Editor-In-Chief Kevin Delaney | CNBC

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Kevin Delaney, Quartz, and Mike Isaac, New York Times, discuss the data collection practices on platforms like Facebook and how these companies should handle data breach and privacy situations.
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This Could Be A Mortal Threat To Facebook: Quartz Editor-In-Chief Kevin Delaney | CNBC

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A First Look At Apple’s New Augmented Reality App ‘ARKit’ | CNBC

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Apple announced a new augmented reality development platform, ARKit, that will bring augmented reality capabilities to hundreds of millions of devices.
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A First Look At Apple’s New Augmented Reality App ‘ARKit’ | CNBC

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Magic Leap One Is Now Available

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Magic Leap has been working on its technology to mix computer-generated images with the real world mostly in private for seven years, with backing from Google, Alibaba and other powerhouses. Now, the first product is finally here, and CNBC’s Todd Haselton got to try it. Here’s what he learned.

Magic Leap has been shrouded in mystery since its inception seven years ago.

The company has spent almost a decade working on technology that superimposes computer-generated images over the real world in your field of vision. It has raised more than $2.3 billion from powerhouses such as Alphabet’s Google, Alibaba, Saudi Arabia and J.P. Morgan. Google’s CEO Sundar Pichai sits on the board. The company and its founder have been the subject of glowing coverage from publications like Wired and Forbes. And all of this — the money and the press — came before Magic Leap had ever showed its product to the general public.

Now the product is here. It’s called the Magic Leap One Creator’s Edition, and I had a chance to see if it lived up to the hype.

It costs $2,295. That’s a lot, but it’s not being sold to consumers just yet. Instead, Magic Leap will sell it to people who the company hopes will build more apps and games for the device.

Until now, only partners, celebrities and other VIPs had seen Magic Leap’s technology. CNBC was invited to be among the first to see the final product.
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Magic Leap’s Headset Is Now Available | CNBC

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Helios Is AMD’s First AI System To Rival Nvidia Vera Rubin — We Got An Exclusive, First Look

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AMD is one of the best performing chip stocks of 2026, following a decade-long comeback in data center chips. Now, it’s making its biggest competitive move against Nvidia yet. AMD’s first rack-scale system for AI, Helios, is shipping later this year – and it’s the world’s first competitor to Nvidia’s Grace Blackwell and Vera Rubin systems. Now, Microsoft has signed up to use Helios in its data centers, joining other customers Meta, OpenAI and Oracle. But with a price tag of at least $5 million, analysts estimate Helios will cost at least $1 million more than Nvidia Vera Rubin. CNBC got an exclusive first look inside the 7,000 pound behemoth, and sat down with AMD data center and AI leads to ask how its first-generation AI system can compete with Nvidia – and what sets it apart.

Chapters:
2:28 Microsoft, Meta, OpenAI, Oracle
5:16 Proving grounds
8:30 Catching up to Nvidia
12:38 Cost, power, constraints

Produced and Shot by: Katie Tarasov
Edited by: Evan Lee Miller
Camera by: Andrew Evers
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park, Alisa Stern
Additional Camera: Jordan Smith
Additional Footage: AMD, Nvidia, Getty Images

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Helios Is AMD’s First AI System To Rival Nvidia Vera Rubin — We Got An Exclusive, First Look

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