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How Car Makers Are Switching To EVs | CNBC Marathon
58:07
CNBC

How Car Makers Are Switching To EVs | CNBC Marathon

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) » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision 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. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Car Makers Are Switching To EVs | CNBC Marathon
Could Deep-Sea Mining Fix The Global Minerals Shortage?
15:19
CNBC

Could Deep-Sea Mining Fix The Global Minerals Shortage?

There are billions of tons and billions of dollars worth of critical minerals at the bottom of the ocean, including nickel, copper, cobalt and manganese. These metals are vital to electric vehicle batteries and the clean energy transition as a whole. But the debate over whether or not to extract them has become a global controversy, as many fear the potential ecological disruptions it could cause in a part of our planet that remains largely unexplored. What’s more, international regulations for deep-sea mining have yet to be finalized, and the United Nations-affiliated regulatory agency in charge, the International Seabed Authority, recently missed a key deadline to do so. In the midst of this uncertainly, The Metals Company is forging ahead. The company plans to submit a mining application next year and begin extraction by 2025. But considering the absence of global governance, many remain concerned that this timeline is too aggressive. Major corporations including Google and Samsung, alongside automakers BMW, Volkswagen, Volvo, Renault and Rivian have lined up against deep-sea mining - promising not to source minerals from the ocean until the scientific uncertainties are addressed, and regulations are in place. CORRECTION: At 5:43 we misstate the name of The Metals Company’s project area that is ranked as having the largest undeveloped nickel deposit in the world, and encompasses nearly 29,000 square miles of seafloor. This area is called NORI. NORI-D is a smaller subset of the full NORI license area. Chapters: 00:00 — Introduction 02:10 — Minerals shortage 03:39 — The potential of deep-sea mining 07:39 — Great unknowns 12:31 — An uncertain future Produced by: Katie Brigham Edited by: Nic Golden Henry Additional Camera: Liam Mays Additional Reporting: Catherine Clifford Animation: Jason Reginato Supervising Producer: Jeniece Pettitt Additional Footage: The Metals Company, Deep CCZ Expedition, University of Hawai’i, NOAA Ocean Exploration, Greenpeace, International Seabed Authority, Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision 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. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Could Deep-Sea Mining Fix The Global Minerals Shortage?
How Consumers Can Manifest Inflation
12:38
CNBC

How Consumers Can Manifest Inflation

What people believe may happen to prices in the future can influence actual inflation. “People behave in accordance with their expectations and with their sentiment and attitudes towards the economy,” Joanne Hsu, director of the Surveys of Consumers at the University of Michigan, told CNBC. Watch the video above to learn more about how inflation expectations are measured, why the Federal Reserve cares so much about what Americans predict and how consumer behavior can manifest higher prices. Chapters: 00:00 — Introduction 01:27 — Inflation mentality 05:36 — Short-term and long-term expectations 09:50 — Wage-price spiral Produced by: Andrea Miller Additional Camera by: Mark Licea, Jack Hillyer Edited by: Amy Marino Animation: Jason Reginato, Josh Kalven Supervising Producer: Lindsey Jacobson » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision 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. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Consumers Can Manifest Inflation
Why The NYC Subway Is Such A Mess
14:26
CNBC

Why The NYC Subway Is Such A Mess

Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator the Metropolitan Transportation Authority. The number of paid weekly subway riders on the New York City subway averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership. Fare evasion has taken its toll on the transit authority too costing the MTA $690 million last year including $285 million on its subways. The MTA is the operator of New York's more than 6,400 subway cars, more than 5,700 buses, two of the country's busiest commuter trains and multiple bridges and tunnels. So when will New York City subway riders return? And what can the MTA do to respond to fare evaders? Watch the video to learn more. Chapters: 00:00 — Introduction 02:53 — Private companies 06:30 — Fare evasion 09:43 — Subway fare revenue 10:53 — MTA building costs Produced and Shot by: Shawn Baldwin Edited by: Dain Evans Additional Camera: Ryan Baker Animations: Christina Locopo, Josh Kalven Supervising Producer: Jeniece Pettitt » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision 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. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why The NYC Subway Is Such A Mess
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