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Delta CEO: There was a safety risk behind FAA mandated flight reductions
CNBC Television· 2025-11-12 17:11
100 years in business. First US airline to reach that milestone. Congrats on that.It's good to have you. Good. Good to see you.So how bad is it right now in terms of disruptions from shutdown. >> The last week's been tough. Delta.We had over 2000 cancellations from last Friday when we were mandated to start pulling our schedule down. And then we had some pretty serious ATC shortages on staffing right through the weekend. To give you an impact, essentially the impact.Saturday afternoon we had a little thunde ...
Toyota to open North Carolina battery plant, confirms $10B investment in the U.S.
CNBC Television· 2025-11-12 17:01
Despite slowing EV sales here in the US, Toyota just out with a big new bet on that market. For that, we'll turn to Phil Labau. Morning, Phil. >> Good morning, Carl.It's a 10 billion dollar bet that Toyota is making when it comes to production here in the United States. A lot of that money will be spent on EV and hybrid production and battery production. And today, the company is beginning production, battery production at a new plant in Liberty, North Carolina.You might be saying to yourself, wait a second ...
Reality check is catching up for AMD, Street is impressed, says Patrick Moorhead
CNBC Television· 2025-11-12 16:43
Breaking news this hour that Anthropic will spend $50 billion to build out AI infrastructure nationwide. It's the latest eyepopping number in the AI spending race. And it comes on a big day for another AI name.That's AMD leading the S&P this morning. 10% gain after the chipmaker projected 35% annual revenue growth in a trillion dollar market for AI data centers by 2030. Joining us this morning, Patrick Morehead, founder and CEO of More Insights and Strategy.Patrick, it's great to have you. I wonder if we ca ...
Jefferies' David Zervos: Revisions are the story of the year in the data market
CNBC Television· 2025-11-12 16:12
Let's talk more about inflation and the Fed. We just got that news about Boston planning to retire at the end of his term in February. Joining us this morning here at Post9 is David Zervos, chief market strategist at Jeffre and of course a CNBC contributor.Good to see you, David. Welcome. >> Good to be here.>> I'm going to guess you're not too worried about the hand ringing about consumer much. >> You know, that's that's probably what you would think, but I am getting a little worried, believe it or not. An ...
Edison International CEO on providing power in high wildfire risk areas
CNBC Television· 2025-11-12 16:02
CNBC's Brian Sullivan sits down exclusively with Edison International President & CEO Pedro Pizarro at the Edison Electric Institute Conference in Hollywood, FL, to discuss Eaton fire compensation, mitigating wildfire risk, providing safe and affordable electricity and more. ...
High time for a crackdown: Congress moves to ban hemp in resolution to reopen government
CNBC Television· 2025-11-12 15:55
Regulatory Landscape & Market Impact - A potential ban on intoxicating hemp-derived products, currently a nearly $30 billion USD industry, is under consideration by Congress [1] - The proposed measure, if passed, includes a one-year off-ramp for companies, which is viewed by some executives as an opportunity to establish industry guardrails [2][3] - Concerns exist that a ban without adjustments could drive the legal hemp market underground [3] - Debate over the measure has caused division, with some senators calling it a "death blow" to hemp farmers [4] - The new funding bill may impact two dozen states that already have their own hemp product laws [4] Company & Investment Considerations - Investors in companies like Tillray and Charlotte's Web should consider the potential impact of federal regulation on their operations [5] - The industry is seeking responsible hemp regulations instead of prohibition [3] Competitive Dynamics - The alcohol industry may view the hemp ban favorably, anticipating increased shelf space for their products [7] - Wholesalers, however, desire regulation similar to the alcohol industry to offer alternative products amid declining alcohol consumption [7]
LIVE: White House press secretary Karoline Leavitt holds a briefing with reporters — 11/12/2025
CNBC Television· 2025-11-12 15:46
White House press secretary Karoline Leavitt holds a press briefing with reporters on Wednesday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business n ...
Food4Education CEO on the idea of 'operationalizing dignity'
CNBC Television· 2025-11-12 15:45
You've talked about this idea of operationalizing dignity. What does that mean. When you give someone food, the first thing and the first motivation that I have is to give them dignity because I think hunger in is, you know, above everything, the health impact, the education impact is it's indignifying especially for a child to be able to want to eat and need to eat and you can't access it.And so when we look at our entire ecosystem, what operationalizing dignity means to us is that the care that we put int ...
Atlanta Fed President Bostic announces retirement at end of term
CNBC Television· 2025-11-12 15:43
Let's begin though with some breaking news from the Fed. For that, we'll turn to Steve Leeman on a very busy day for Fed Speak. Hey, Steve. >> Hey, Carl.Good morning. Adding to the busyiness here, Atlanta Fed President Raphael Bostic announcing he will retire at the end of his term, February 2026. You remember all Fed presidents terms end uh at the 5-year period ending in a six or a one.That is so they're all up. And Bostic taking this opportunity to retire. He serves as Atlanta Fed President since 2017.uh ...
Anthropic announces $50B nationwide AI infrastructure buildout
CNBC Television· 2025-11-12 15:41
Also getting some breaking news on the AI front. Mackenzie Sagalas has the story from San Francisco. McKenzie.>> Hey Sarah. So Anthropic is adding another $50 billion to its AI compute bill, announcing a new buildout of data centers across the US starting in Texas and New York. Now they're partnering with Fluid Stack.That's an AI cloud platform behind GPU clusters for Meta, Midjourney, and Mistral. They are known for building custom facilities. They can deliver gigawatts of power on short timelines.Those fi ...