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tv   The News With Shepard Smith  CNBC  July 24, 2021 12:00am-1:00am EDT

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my vision board is telling me we're out of time. i'm howie mandel, and i'll see you next time right here on "deal or no deal." i'm jim cramer see you monday the "the news with shepard smith" starts now a record high fo . a record high for the dow. the markets shaking off delta fears as team usa gets ready to chase the gold i'm frank holland in for shepard smith. this is the news on cnbc let the games begin. the torch is lit, but covid is casting a dark shadow. more athletes sidelined as competition starts backlash over the nfl's new covid rules. players sounding off, one coach reportedly out of a job as the fight over vaccines hits the gridiron a race to prepare for hell
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on earth after a fire explodes to mega fire status. >> we don't have a fire season we have a fire year. the american workweek may no longer be working for employees. inside the new push to give us all a perfect work-life balance. gm's second recall the cleveland indians' new name live from cnbc, the facts, the truth, the news with shepard smith. >> good evening. the long-awaited tokyo olympics finally under way. a year late and honestly, snilt shad over covid. usually what is a raucous ceremony, it looked like this. the arena pretty much empty. fewer than 1,000 fans sat inside a stadium that can hold 68,000 the tone somber at times to reflect the global pandemic in which these games are taking
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placement but there was still a whole lot of pageantry and the olympic aim to unite the world by sports was on hand. jill biden gave team usa these words of encouragement >> becoming an olympian is a rare accomplishment in a normal time but you did it during a global pandemic you are now and forever one of the most-elite, most-celebrated, most-accomplished athletes in the world. >> flag bearer sue bird and eddie alvarez led more than 600 athletes, the second-largest team in olympic history. they were treated to a colorful show from performers like this one in blue suits as well as those in traditional japanese attire, and 1800 drones flew over the stadium to form the shape of the planet earth.
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it end with tennis star naomi osaka lighting the olympic cauldron but as the biggest competition begins, covid remains a problem. today olympic officials reported 19 people linked to the games tested positive for covid-19 that brings the total to 110 the japanese officials say they're confident. they can host a safe competition. nbc's tom llamas is in tokyo >> reporter: frank, great to be with you from tokyo. it was an event the world wasn't sure was going to happen, but it did. it was big it was beautiful it was different and the showstopper, nearly 2,000 drones taking to the skies forming the globe and the globe rotating was quite the moment. and team usa marching in in the parade of nations. we couldn't see if they were smiling because they were wearing masks, but we know they were and the electricity, you could feel it even though the stadium was pretty much completely empty.
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there were about a thousand dignitaries and diplomats, incl incl incl including first lady jill biden. there were also protesters outside, protesting the game hea here in tokyo. they weren't able to disrupt what happened actually inside the stadium. some u.s. athletes did not go to the opening ceremony, including the women's gymnastics team. they posthere. people wert thad the preparing, because it's harposted they post tha that they were watching it's hard to believe in a few hours we will start awarding medals for events like shooting, weightlifting, judo and archery, all my specialities, just joking. and we will be watching this saturday, skateboarding. america's best chance at a gold
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medal. he was a skating prodigy i had a chance to talk to him. he told me he's so excited and honored to be here this is the first time skateboarding is an olympic sport. that's the latest from tokyo i'll send it back to you >> a long way for the olympics, it's over, not just for athletes but companies that threw a lot of money behind the event. you can watch the games across all the nbc properties that's a fancy word for channel. tomorrow watch the usa take on australia in softball at 8:00 p.m. eastern a few hours later, it's the u.s. versus japan in men's water polo at 1:00 a.m. eastern you have to stay up late shepard smith will be hosting events after the news. st. louis' latest city to bring back a mask mandate. people will be required to mask
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up whyindoors. this comes a s othe repubr schools are requiring masks. in alabama, the goecvernor is calling out people who haven't gotten a shot yet. she said it's time to start blaming unvaccinated folks for the rise in cases. scott gottlieb believes it may be spreading more in the united states than what's being reported >> we're drastically underestimating how much infection is in the u.s. i think we're further into it than we're measuring right now >> we have team coverage with reporters in cities from coast-to-coast we begin with antonia hilton in provincetown, massachusetts where there are a rising number of break-through cases
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>> reporter: residents are concerned and in some cases confused about an outbreak stemming from large july 4 celebrations there are 256 confirmed covid cases. of that, 70% are break-through cases of people who had already gotten their shots officials just confirmed that of the sa the samples sent to the lab, they all returned positive for the delta variant. unvaccinated residentsl puttings community, which is highly vaccinated, at come here to prove province town to celeb. they're asked to mask indoors, outdoors when they can't social distance properly and some businesses are taking it a step further. i interviewed the owner of the
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pilgrim house, and he has a zero tolerance policy >> if you're not vaccinated or cannot produce evidence of vaccination you're not welcome on our property. felt it was the right thing to do as a bare minimum to protect our guests and staff >> reporter: ken has employees who are among that break-through cohort and has had to help and sequester them in his own hotel rooms at times this was about health and safety but the health of businesses that worked so hard to stay afloat so they could serve people this summer so their message is, please come to p-town, but please get vaccinated >> big change for p-town antonia hilton, thanks for the report turning our attention to l.a. county where face coverings are once again required indoors. they reported the highest number of daily cases since early march, more than 2500 in a
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single day >> reporter: doctors are growing more concerned as the numbers continue to increase we have double the hospitalizations in a month. the majority of the cases are from unvaccinated individuals. though we heard yesterday from l.a.'s top doctor that 20% of the cases since the beginning the year are happening in vaccinated individuals about 4% of those folks ending up in the hospital a majority of people who contract the virus are having positive outcomes. it is nonetheless depressing for doctors who saw no cases a month ago now seeing hospitals fill up >> we were there thinking that we were at the finish line, that we had a handle on this. it was going to be over. and now we feel like we're going back into battle again and it's definitely, it's definitely another wave. >> reporter: it is those hospital numbers putting a pressure on an already-stretched
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system, which is why doctors are pleading for folks to get that vaccination. 4 million folks in l.a. county still unvaccinated frank? >> certainly a situation to watch there. cal perry reporting. turning to texas, some summer m summer camps are closing due to case this is kids. >> reporter: the rise in the delta variant and hospitalizations definitely has the attention of medical professionals in dallas. in dallas county over the past two weeks we've seen a 67% rise in hospitalizations and here at this mobile testing site, if you go back a week ago, professionals telling us they were seeing 30 car as day. knew n now that number is hitting 130 the patients are younger, adolescents and children >> a lot of them are kids. this has been different in its
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complexion maybe 30% to 50% of the people we see for testing are adolescents and children >> reporter: doctors say in these younger patients the majority of children who get covid-19 have milder symptoms, but the concern is with some of them ineligible for vaccine they can turn around and spread it it th to those at greater risk the governor says he will not issue another mask mandate now an infectious disease doctor joins us. we need your expertise today does this spike in cases, does this jeopardize students' abilities to return to schools this fall? >> as we see spikes if various areas, it's going to depend upon which state you're in, how it's going to impact whether or not a school opens we've got data in the prevaccine era that schools could be opened
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safely with mitigation efforts i do think it's going to be difficult. and schools need to be flexible about what they do for vaccinated and unvaccinated individuals, especially when it comes to extracurricular activities the goal has to be students in person to default and put in mitigation efforts to allow that to happen and schools should start to think about mandating teachers to be vaccinated. >> scott gottlieb says that we're quote, vastly undermeasuring how many infection is already under way in the u.s do you agree and if so, how concerned are you? >> i do think we're undermeasuring cases not everyone who has symptoms gets diagnosed it's still a little difficult to get a test in many places it has become easier but what i think dr. gottlieb
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might be talking about, if we're further along, we may be going to peak soon in terms of the delta variant, which brmight bea good thing because you might see cases slow the main issue is certain pockets of the country where there are high-risk individuals not vaccinated requiring hospitalization. that's what we want to try to avoid. we want to have the cases de-coupled from hospitalizations, in places where cases have spiked and you don't have enough people vaccinated you're going to see that translate into hospitalizations, hopefully not as bad as it was earlier in the pandemic, but it's something completely avoidable and self-inflicted records smashed on wall street the dow jones cruises past 35,000 for the first time ever we'll tell you what drove the historic day plus, in surfside, florida, most of the debris is now nearly cleared. what's next for the sighte of t
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building collapse. we look at the biden administration's new plan to help struggling americans stay in their homes a look at the biden administration's new plans to administration's new plans to help struggling families sta paul loves food. but his diabetes made food a mystery. everything felt like a “no.” but then paul went from no to know. with freestyle libre 14 day, now he knows how food affects his glucose. and he knows when to make different choices. take the mystery out of your glucose levels - and lower your a1c. now you know. try it for free. visit freestylelibre.us ♪♪
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welcome back to the new. a record day on wall street. the dow closed higher than 35,000 a reversal >> earlier in the week when investor fears over inflation and economic growth from the surging delta variant really spooked the market you see the dip back over there and sent the dow tumbling to the worst day of the year. brian sullivan joins us. i know you always have your feng finger on the pulse of the market what do you think has led to the turn around? >> i try by the way. but monday, who knew what a wild
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week this was on wall street friday was a weak day. monday we came in and wow, the market sold off as you noted down nearly a thousand points. it looked grim there were a lot concerns about the delta variant. but then i think the market came back in part because people realized as serious as the variant is as concerning as the spread is and the higher number of case and the correspondents that everybody just talked about, the idea of broad-based lockdowns are not going to happen. there might be smaller ones here or there but from an economic perspective, investors said okay, a lot of worries we need to get this under control, but when they look out, they see an economy that is for the most part very strong. there's also the prospect of trillions more in spending on thing things like infrastructure and capital bills in congress.
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trillions of, of course, came bk in a big dollars way. >> reach ig a recordn cashe do around the world >> we know what happened this week, especially after the variant concerns what's on the minds of investors for next week. especially when we get huge tech earn earnings, apple, tesla, microsoft. >> if you don't know this, those names that we're showing right there, they pretty much are the stock market in many ways. i say that, because when you look at those names. google and others, they run and control most of the etfs that the casual investor may buy. they have the highest weight based on market cap. in some cases, 40% to 50% of broad based etfs are basically weighted to just four or five of those stocks those numbers, frank, they have got to come in strong.
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and more than the earnings it's got to be the guidance from apple, google and microsoft has got to please investors. it is going to be literal ly a massive week in stock. turning our attention to the florida building collapse. firefighters have officially ended the search for bodies, 29 days after a condo tower came crashing down. task force one received a water salute as they returned to headquarters after a month on that pile. take a look at the massive pile of rubble on the day of the collapse, and this, this is what it looks like now after cruise cleared more than 20 million tons of debris one person is still unaccounted
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for. workers will continue to work to identify remains a message sent to the taliban today as the race to evacuate evacuate afghan translators and their families ramps up. gm issuing a second recall after several cars erupt in flames what happens when you make power your thing... above everything? you decide fast... is never fast enough.
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>> the biden administration condemning the taliban's targeted attacks on translators
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and other afghans who helped the u.s. military. today the state department called on the taliban to stop their fighters from hunting down and killing our afghan allies. the u.s. has been racing to evacuate translators and their families from afghanistan as troops pull out of that country. 8,000 more special visas were announced. and there will be no peace deal unless the current afghan president is removed from power was announced by the taliban you served for bush 43 and the obama administrations. your credentials on this topic unlimited. we're really excited to have your expertise on this in light of what's going on today do you believe president biden made the right decision to pull out of afghanistan >> i do.
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but like any hard decision, if a decision doesn't have down sides, it's not hard this was a hard decision and we're seeing some of the real down sides of this decision they can be human rights concerns inside afghanistan are significant. and for that matter, the possibility of the regeneration of a safe haven for groups like al qaeda and isis are real but the president made this decision that having 2500 people there was still too much we were spending tens of billions of dollars a year, real money, even by government standards, and that most importantly, that having the attention of senior officials always on afghanistan was a mini crisis every few months, would keep them from notifocussing one real important things, china,
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energy, climate. that's why the president made this decision. and it was a bipartisan decision former president trump was in exactly the same place and i think this decision is broadly supported by the american people. that doesn't mean there's not down sides or dangers. >> that's why i was excited to talk to you. you are a non-partisan voice but this is something a bit controversial. the u.s. is carrying out airstrikes against the taliban is that the right decision and enough to stop them from attacking our allies >> as for whether it's enough, we're going to find out. the afghan civil war is not going to stop just because we decide not to play in it anymore. it is going to continue. and whether the afghans we favor will be able to hold against the taliban is an open question. i think we're supporting with airstrikes for the moment.
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unclear whether we'll continue to do that after all the american troops are ut out of te country. >> dou >>. a message on a billboard going viral, and we hear from the woman who paid for it and coming to its defense. new reaction to the nfl's new policy on a covid vaccine. everyone from medical professionals to players weighing in on this one. your mission: stand up to moderate to severe rheumatoid arthritis. and take. it. on... with rinvoq.
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for th for the second team in less than a year, general motors is recalling the chevy bolt after several cars burst into flames one of those incidents that happened earlier this month in vermont where a bolt ev caught fire after charging at the home of a state lawmaker. you see how intense those flames were the recall comes about a week after gm told owners of the car something that has to be concerning don't park it inside or charge it overnight unattended. i know you know the auto industry in and out and top to bottom what's wrong with the bolt ev, and what are they doing to fix it >> we're talking about 69,000 vehicles all together, about 51,000 in the u.s. they have a couple of defects within the battery cells of these vehicles so, as lg kem worked to replace these, do not park it inside, don't charge it overnight, and
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when you're charging it, don't charge it over 90% and don't drain it below 25% there are real restrictions in terms of how useful the bolt will be until those battery packs and cells can be replaced. >> there's some real restrictions there i know you've covered some of the issues tesla has had with self-driving capabilities and things like that are other electric cars having this problem >> no, this is unique to the bolt and this population of the bolt it's not all bolts, just the 68,000, 69,000 because of two defects two defects within the battery cells of these vehicles. >> we appreciate it. new federal aid for those at risk of foreclosure. that's what's topping cnbc's on the money. the white house looking to help those who have fallen behind on their mortgages due to the pandemic the program would allow borrow
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err borrowers to extend the length of their terms this coming as a federal ban on foreclosures is set to end on july 31st. >> and crocs putting their claw down on copycats crocs earned the best sales ever in 2020, as people chose comfort, definitely over style during the lockdown. and a reason to celebrate. national tequila day is tomorrow agave spirits grew 16% in volume in 2020 overtaking rum to be the third-largest spirit category in the u.s. the first two, you want to guess them vodka and whiskey. on wall street, the dow up
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238 as we reported earlier, closing higher than 35,000 for the first time ever. the s&p up 44. the nasdaq up 152. the tokyo olympics set to be one of the most expensive summer games ever according to olympic officials the budget for this event is more than $15 billion. but the japanese government auditors estimate the cost may actually be more than $20 billion. like almost every global event, the olympics are insured with the pandemic raising the uncertainty for how much they'll be on the hook for >> insurers are likely breathing a sigh of relief at the opening ceremonies kicking off after all, it means that the games are actually happening it's estimated there's $2.5 billion of insurance coverage on the olympics $1.4 billion fort olympic committee and tokyo organizing committee, $800 million
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estimated taken out by broadcasters and $300 million in coverage for sports teams, sponsors, hospitality and others banning spectators will cost between $300 million and $400 million in refunded tickets and hospitality costs. the local organizing committee will reportedly have to bear the brunt of that having exhausted its coverage simply because the games were postponed and we know the postponement itself cost hundreds of millions of dollars, paid out by the reinsurance companies. it could have been worse if the olympics had been canceled all together it would have meant the largest losses for insurers from a single event shutting down ever. covid will change the way insurance works in the future. the way risks are assessed and how much coverage costs. already new policies exclude payou payouts for events that get
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canceled because of communicable diseases put ting in a billboard in times square certainly brings a few extra eyes, but there's one that brings in a whole lot of controversy. we talk to the woman behind the now-viral message. >> reporter: the billboard sits at 48th and 7th. and in big bright colors, it asks, feeling fat and lazy >> i don't like that at all. i'm really big on body positivity >> reporter: it didn't take long to find emily strickland mouthing the words as she walked right by it. >> i would use my words more carefully. >> reporter: the billboard is quickly going viral with critics calling it fat phobic. an actress shared a photo with the caption why, though? what type of reaction have you
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gotten in. >> it's mixed. >> reporter: the woman behind it is a wellness coach. did you expect back splash. >> of course >> reporter: the billboard is promoting her business aimed at helping women lose weight that focuses on the mind first, body second >> i use those words specifically, because when i interview hundreds and hundreds of women last year and specifically asked them without prompting, what are the names that you privately call yourself fat and lazy by far were the most common. >> reporter: it cost her $13,000 to have it up for four weeks set to be taken down in the coming days. >> of course there are people who have lashed out. but the beautiful thing is i am up for that backlash if it helps even one more woman. >> it doesn't offend me. >> reporter: while not everyone is offended it is creating
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plenty of dialog >> seeing that with fat is upsetting. >> reporter: do you have any regrets with how you phrased your billboard >> i really don't. i don't think it's shaming at all. commissioner roger goodell warning teams if they have an outbreak among unvaccinated players they have to forfeit a game and players on both teams will not get paid that week. dr. anthony fauci weighing in on the nfl's new policy >> the nfl is sending a very strong signal at that it's very important to get vaccinated if you want to play football and you want to do it in a way that you feel unrestricted and not worried about any penalties, you just get vaccinated, because they're saying if unvaccinated people get infected, there are going to be consequences >> so the nfl is not explicitly requiring players to get a shot. but it is incentivizing them competitively and financially. so far the teams have
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vaccination rates of 80% among the players. joining us, jabari young both players and fans have really been reacting to the nfl's announcement players appear to be all over the map. buffalo bills' receiver stefan diggs, accountability, availability cole beasley wrote, nothing has changed. i'm still livin' freely. doesn't sound like he's got the shot do you think the nfl is sending the right message? >> well, i mean, you don't know if it's the right message, frank, and hello to you and great friday this is the message they're sending out. listen, this is our business, this is how we're going to make our money, and that's what it comes right down to, the nfl p.a. signed off on this particular memo. if any of these games get
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canceled, nobody gets paid, not you, we don't get paid so whether it's the right message, it's the message that they're send together players, to the staff you saw coaches, they leave because of covid problems, that nothing's going to interfere in our business this year when we scheduled games we lost money because advertisers lost money. this is about investing in their league and the vaccine out there as well whether players decide to get it or not, that's their choice but the nfl's clearly letting unvaccinated players know, if you interrupt this, you interrupt this money flow it's going to come down on the league and the player >> money talks we just saw the nba wrap up a really great finals. really excitedinging stuff thert they took a different approach do you think other teams will issue similar warnings >> maybe the nfl is different from the
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nba, different from mlb. baseball alone, their players union have a very active voice in the way things get done that union is very tough the nfl, this is more of a dictatorship, you know, in a way, you know? but you might see that, because listen, again, these leagues make money from the networks when you exhinterfere with the games and games have to get rescheduled they lose money because they don't get the value ofthe games. the reach that they were expecting going into these contests anytime it gets interfered, money gets interfered with i don't think nobody's going to mandate anything whou how would that look. but i think they're letting the players know that nothing's going to interfere with the money flow of this business and rescheduling games, postponing games, obviously that's something they don't want to see
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happen i want to ask you about a major announcement in mlb. cleveland is changing their team to the guardians the announcement was made in a video narrated by tom hanks. >> together we stand with all who understand what it means to be born and built from the land. because this is a city we love and together we are all cleveland guardians. >> obviously a great narrater. the change comes amid growing calls for sports teams to stop using native-american names for mascots and logos. what do you hakmake of this >> not surprising. when they were trying to get away from the logo of the former, now, what they were called the cleveland baseball team, the guardians or the indians, the guardians is what they'll be called now. this was started years ago
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we know with the washington football team having dropped their name its with a trickle-down effect. how many were going to follow suit, the cleveland team thought it was the right thing to do i wasn't surprised by the announcement they've got to start getting people aware of this new name. what's going to be interesting is at the end of this, when they start that transition in 2022 how the rest of the merchandise of the team, what's going to happen to that i talked to fanatics today, one of the e-chommerce companies sad we haven't seen a spike yet in cleveland merchandise, but i'm expecting that to happen as we get closer to the new nickname or to the new logo that's coming in 2022 with the guardians. not surprising, but we'll be keeping an eye on, you know, how the merchandise goes as we get closer and closer to 2022. i t >> i'm excited about all the philly people in the olympics.
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rooting for the wife of a former philadelphia eagle who won the super bowl do you have a philly pick for the olympics? >> you know what, man, no, not yet. i saw the e-mail that you sent me, thank you, my brother. i'm going to look at that list and see if there's anybody on there i want to pay attention to but the olympics are going through their own situation, the closing ceremony, the opening ceremony i should say, happening today. i'm excited to get involved especially as we walk away and then i can s from t negative headlines i'm glad you told me about that list i'm going to go back >> i say it really quick >> i love this, i love this. >> still coming up on the news, three large fire burning across california, oregon and nevada. one getting very close to
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firefighters on the front lines. next, the efforts to protect these states from the flames and a funeral today for the president of haiti, until gunshots sent people, including the u.s. delegation, scrambling for cover. without upping the price.nefs introducing magenta max. now with unlimited premium data that can't slow down based on how much smartphone data you use. plus get netflix on us, and taxes and fees included! you won't find this with the other guys. in fact, you'll pay more and get less. right now, pay zero costs to switch! and bring your phone -- we'll pay it off! only at t-mobile. ♪♪ ♪♪ ♪♪
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capitol police, they have a new leader he was sworn in outside the capitol building he led police depends in maryland and fairfax, virginia he takes the position just days before the house select committee on january 6 is set to hold its first meeting about that riot at the capitol the former chief resigned after that attack on the capitol and the interim chief admitted to congress that law enforcement failed on many levels. he says he knows he is taking on a very complex situation a mass eive fire in califora
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exploding. the dixie fire is the large nest t est in the state and the tamarack fire has spread into nevada. firefighters captured this video near an escape flames on both sides of the road those are two of at least nine fires burning in california right know fueled by extremely dry, hot weather. more than 85% of the state is under, treatme extreme drought conditions they've burned more than 380,000 acres compared to 107,000 acres by this same time last year. nbc spoke with officials in california where they're trying to prevent other wildfires from breaking out >> reporter: as they are fighting all the major fires, we
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have this less than 50 miles away from the tamarack fire, a fuel reduction project, one of many happening across the state. what we have is large machines like this one with a mast cater like a masticator, and the state has a goal t crack vacuum the state has to clear about 1 million acres of vegetation like this, which is very important during a time when the drought is creating dangerous conditions for all of these fires >> last year was a drought year. we had a lot of fires. fires continue throughout the winter period. so we don't have a fire season we have a fire year. we have a lower fire activity season and a we have a high fire activity season. we're in the peak of that now. >> reporter: i've been told one of the indications of the dryness is the amount of dust that we can see, because this whole area is so dry this is a drought that has been
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extending, so you can see what the drought has caused, and after they finish this area, we should have something like this. this is a forest that is much healthier, that wouldn't burn as fast as something with a lot of vegetation these are the efforts being done by cal fire as they prepare for the wildfire seen to get worse >> the latest on the ground. a thousand more people all across the globe in the path of fast-moving wildfires. siberia, one of the coldest regions in the world experienced one of its worst fire seasons in memory villages are evacuating children because of dangerous smokey air. the most affected area yakutsk more than a dozen military planes have been deployed there to help with the flames. the forest fires are blamed on high temperatures. new video show ing a 3 mont
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old baby girl pulled from a building the baby had been buried for at least 24 hours before being rescued. the baby and its mother had been trapped by rising floodwaters. the mother did not survive the infant is now doing well the area dealing with massive floods from a record amount of rain 33 people are dead according to officials. a u.s. delegation to haiti cutting their trip short and jetting out of the country of a the sound of gunshots rang out during the president's funeral the miami herald reports the smell of tear gas flowed throughout air during that event. journalists driving nearby captured sounds of those gunshots >> oh! >> the white house says the
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american delegation is safe after the reported shooting outside the funeral. a state department official confirms they are now back in the u.s. eight hours a day, five days a week, pretty much the standard work schedule for most of us some of us will clock in even more hours the argument for cutting back coming up. and a fence can be used to separate people, for an unlikely pair in minnesota, it's having the opposite effect. boyd hooper has their story coming up next ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ (struggling vehicle sounds) to deliver our technology think premium can't be capable? think again.
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well, bad news for future students of the university of california system. fort second time in five years, the school's regent approved a hike in-state freshman will pay an additional $534, bringing tuition and fees to more than $13,000 a year. critics argue the decision's inappropriate since california lawmakers recently granted the school system more than a billion dollars new spending for those out of college and heading back to the office after working from home for more than a year during the pandemic, it's been a big shift during that time, many workers reported taking on more hours during their workweek. my next guest argues that's not necessar necessarily a good change. he wrote an opinion piece in the
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"new york times" titled "eight hour as day, five days a week is not working for us." bryce, thanks for joining us i'm against the 40-hour workweek i'm for a 20-hour workweek if possible why do you say our current schedule is no longer working? >> as you noted, we discovered during the pandemic that when our commutes dried up, instead of pouring that time into our lives we poured it into work this is continuing a trend that's been going on for a long time for americans we have steadily been increasing our hours while our european counter parts are decreasing them as productivity increases we shouldn't have to be working harder and harder to get the things we need to get by i'm arguing that we need a new norm a four-hour workweek, 30 hours a week these are the things that i think we should be thinking about as we come out of the pandemic, when we're trying to figure out how to make work work
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again. >> bryce, i'm looking at a list you provided us. spain, japan and ice lland could that idea ever take off here >> i think could what these experiments are showing is that you don't give up productivity. iceland just completed a four-year experiment in reykjavik and found that when employee employees went to four days instead of five with the same amount of pay they were just as productive it not more so. they were happier and healthier. we know work is a leading occupational cause of injury and death. you get a happier workforce, the same if not more productivity. i think it's actually counter intuitively a win win for everybody. >> you mentioned overwork can create death or injury those are physical things. outside of the physical threats, what are some of the biggest
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things we have to worry about if we work ourselves too hard >> there is a mental toll feeding into the fphysical toll. pushing yourself too hard means you're not getting enough done, and your brain is not functioning as well. over 55 hours a week, people who are working that schedule had actually lower cognitive ability than those who worked the regular 9:00 to 5:00 schedule. we're not doing ourselves any favors by trying to put in more hours, we're not actually getting more done. >> a lot of people are taking notes and are going to be at their boss' office fences are sometimes meant to keep things out or keep things in. that's not the case in one minneapolis neighborhood where a back yard fence is bringing two very different people together in a very unlikely friendship. with the story of benjamin and mary, we turn to care 11 and
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corey hooper >> reporter: two houses, separated by a fence benjamin olson in one. just turned 2. mary o'neill in the other, just shy of 100 >> this is yahtzee >> reporter: for more than a year, both found themselves pandemic prisoners >> a lot of just us in this house. >> playing against myself. >> he has never really had any friends. >> reporter: until mary and benjamin found each other. over the fence >> his first best friend >> reporter: stuck at home benjamin's mom watched as barriers fell
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and a friendship blossomed >> bubbles, bubbles. >> reporter: those old tonka toys? >> mary said she had these trucks for benjamin. >> my sons passed away so they've been sitting down in the basement for years and years. >> reporter: mary also lost her husband 37 years ago her grand and great grandchildren all live out of state. >> valentine's day >> reporter: but new photos of benjamin and his baby brother now occupy places of honor >> they're the closest thing to grandchildren i have around here >> reporter: and, as the pandemic eased its grip, beng men discovered the grass is even greener when you can share a friendship same side of the fence >> thank you ooh! that's nice dirt >> reporter: days passed during the course of the year, when their yards remained empty >> i missed him, missed seeing
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them when it was too cold for them to come out, when it was raining. over the top yay! >> when she said that she misses him, i'd never known that. yeah, that, i'm so happy they have each other. >> reporter: when friendships form, powerful forces are engineered look no further than mary and benjamin who built a bridge over 98 years >> you going to hold my cane >> reporter: for the news. >> okay. >> reporter: i'm boyd hooper >> what a beautiful, just friendship that developed there. one of the bright spots in the dark times of the pandemic well, racing to the finish right now, a historic day on wall street. for the first time ever the dow closing higher than 35,000 st. louis becoming the latest major city to bring back a mask mandate. people in the city and county
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are required to mask up indoors and on public transportation that starting on monday. chicago and boston public schools will also be required to mask students. olympics finally under way in tokyo after covid delayed the games for an entire year the opening ceremony kicked off in a nearly empty stadium. events will be broadcast across all nbc platforms, including right here on cnbc our coverage starts tomorrow night at 8:00 p.m. eastern now you know the news of this friday, july 23rd, 2021. follow us @the news on cnbc. follow us on podcast or spotify
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yes. >> on this episode of "secret lives of the super rich"... >> this is michael jordan's house. >> ...sit courtside at the ultimate trophy home. >> you definitely feel his energy. >> then discover a secret store where you can shop till you drop lots of cash. >> the only thing that my staff will ever ask when you enter the space is, "what would you like to drink?" >> ride along in this junkyard hot rod worth 1/2 million bucks. >> we've had cars that have been stored for so long that they have hornets nests by the thousands in them. >> it will cost you $1,000 an hour to sit with the most expensive tattoo artist in the world.

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