Skip to main content

tv   The News With Shepard Smith  CNBC  November 9, 2021 12:00am-12:43am EST

12:00 am
i am so stoked! oh, my god! this is exactly the deal that we wanted. and i-i'm just giddy. i'm so happy. see yoer investigating the astro yn world tragedy. new images from the hell in houston. i'm shepard smith. this is the news on cnbc concert goers crushed alive. >> you go to a concert to have fun. you don't go to a concert to die. >> eight dead, at least a dozen others hospitalized. >> it was unnecessary and could have easily been prevented >> lawsuits and investigations mounting emotional reunions >> this is your grandma. >> the u.s. lifts international covid travel bans. the new rules and the rush to
12:01 am
prepare for a surge of tourists. we took a violent predator off of the street. >> a suspected serial killer arrested the murder charges and how police say they caught him the new pressure to go green. >> more than 1/5 of the world's largest companies have set net zero emissions targets. >> what they're doing to go carbon neutral, and turn a profit. new data on the antibody cocktail that could help prevent covid. tiktok credited with saving a kidnapped girl. >> and stay away from these guys, there's a new sports curse in town. live from cnbc, the facts, the truth, the news with shepard smith. good evening, houston's police chief says he personally met with travis scott and his security chief to raise concerns about safety on the same day of the deadly stampede that killed
12:02 am
eight people at his concert. a criminal investigation now underway, and lawsuits piling up against travis scott and organizers of the astro world music festival among the dead, a 14 and a 16-year-old high school student. witnesses describing a horrific scene. people having the air crushed off them as the crowd surged during travis scott's performance. bodies trampled beneath. one witness said it was like watching a jenga tower topple. person after person were sucked down you were at the mercy of the wave here you can see a concert goer dancing on top of an ambulance in the middle of a crowd as travis scott continued to perform while the disaster unfolded some fans desperately tried to stop the show. these climbing to a camera platform they begged the camera men, do something, and told them stop the show, that people were dead in the
12:03 am
♪ ♪ >> some in the crowd even started chanting stop the show stop the show stop the show. but it was to know avail hours before the stampede, thousands of fansstormed the entrance gates of the sold out music festival travis scott is well known for his aggressive audiences, he calls them ragers and he's come underfire in the past for encouraging his fans to climb over barricades. as the investigation continues, travis scott says the houston police department has his total support and in a statement, astroworld organizers say they will help local officials however they can nbc's jay gray live in houston on tonight's top story jay. >> reporter: and a lot to unpack in this tragedy. let's start with the
12:04 am
investigation. it involves multiple agencies and investigators say it's going to take some time. they want to work through interviews with hundreds if not more than a thousand witnesses, and they want to get to the video. they say that's going to be vital here not only from security cameras inside the venue but on social media as well, and they're asking anyone with that video to make it available to them. now to the civil side of this and the lawsuits we know at least 12 civil lawsuits have been filed travis scott, drake, both rappers, and the event organizers and venue manager, live nation, accused of negligence and encouragement of violence among other accusations. in a written statement live nation says we continue to support and assist local authorities in their ongoing investigation, so that both the fans who attended and their families can get the answers they want and deserve. and we will address the legal matters at the appropriate time. scott continues to say that he's
12:05 am
fully cooperating with authorities and investigators. it's not the first time, though, that he's had to answer to police after a concert in 2015, the rapper pleaded guilty to reckless conduct after urging fans to rush past security during the lollapalooza festival in chicago. two years later he was arrested after a concert this time in arkansas where he, again, told fans to storm security and to crash the stage. several people there injured including a police officer and security guard tonight travis scott is saying that he is going to pay for the funerals of the eight fans who died during his show, and for psychological counseling therapy for their families >> jay gray, live on scene thank you. let's turn to keith sullivan now, law professor at pace university school of law he's represented promotors and attendees in lawsuits involving concert injuries keith, good to see you again, thank you. more than a dozen lawsuits filed against travis scott and the afterworld organizers, who has
12:06 am
the most legal exposure here in your opinion. >> good evening, shep, what a tragedy this is, and the worst part about it's 100% preventible. there's going to be hundreds of lawsuits, all of these parties, the venue, the concert promoter, the performer, the ambulance crews, outsourced security companies, they're all going to be brought into these lawsuits and all of them hold liability if you had to pick one that's mostly responsible, i would put the blame on the venue legally, they're the ones that are responsible for the in-house security they do the hiring, they do the arrangements, they're the ones who arrange the walk throughs, i have represented concert promotors who have been sued in these types of cases i have litigated cases on behalf of concert attendees who were injured in these types of situations this is a preventible situation, that is predictable if you have large crowds >> back in 2017, travis scott
12:07 am
pleaded guilty to disorderly conduct for encouraging fans to rush the stage at a performance in arkansas. what role will his past play in how these lawsuits play out? >> well, shep, the greatest predictor of future behavior is past behavior. we have the criminal misconduct in 2015. in 2017, he encouraged a concert goer to jump from one balcony to a lower balcony, paralyzing a man. in 2019, at this very same venue, there was a mini stampede as well, and at 2:00 p.m., that afternoon in this concert, we saw security overrun so he encourages these people to act out. he calls them ragers, he gets them fired up, encourages them to climb over the security barriers, they should have seen this coming, provided for it, better security, less crowds or shut it down that day. when the sheriff went in to talk to him because he was concerned, they were on notice this was going to be a problem and it was going to be out of hand. this was a preventable tragedy. >> keith sullivan, thank you.
12:08 am
i'm still shaking. i'm very excited that he's here. >> i can't explain in my words how happy i am i'm on cloud nine. >> i'm so joyful, i could cry. i have only ever dreamed of this moment. >> elated. i don't have any words. >> it is an exciting day friends and family finally getting the chance to reunite with loved ones after more than a year and a half. the united states just today lifted its ban on vaccinated foreign tourists from 33 countries. the list includes the u.k., china, india, and much of european union across the country today, airports were filled with tears of joy long awaited hugs and home made welcome back signs the new expected to be a boon for american businesses before the holidays two countries removed the banned travel list accounted for 50% of all the international visitors in 2019. that from the u.s. travel association. cnbc's seema mody caught up with
12:09 am
visitors at new york's jfk. >> it's the best thing ever in the whole world. >> i was so excited, i just wanted to get on the first flight. >> reporter: a warm embrace between u.k. native phil fernando, his sister bobby and nephew fran who typically see each other every few month sgls i have missed them especially this one. >> reporter: phil along with other travelers took british airways from london to new york this morning with restrictions easing, the u.s. is bracing for a surge in international travelers this holiday season u.s. bound flights from the u.k. over thanksgiving weekend are up as much as 2,000% compared to last month while booking a trip is getting more expensive, travel executives don't think higher prices will discourage consumers. >> people's ability to travel has been repress bid this pandemic i don't think we're in an area where high rates for air fares or hotels is going to say i'm not going to travel. >> reporter: top destinations
12:10 am
for international travelers, big cities, new york, san francisco and los angeles that have suffered due in part due to a lack of international tourist. >> we're flying to 17 cities in the u.s., and 23 by december, and we hope to restore the vast majority of the cities we used to serve in summer of '19. >> reporter: the travel and hospitality industry now on a mission to hire back as many workers as they can as travel is set to rebound the struggle is real hotel owners telling us they're cutting back on house keeping, simplifying food and beverage menus, airports across the nation, experts say, expect very long license, and if you haven't already, get tsa preexec to speed up the check in process. >> it does help. thank you so much. we're getting started on the reopening. coverage continues at the bottom of the house perry rus come and meg tirrell looks at the forgotten foreigners not being let into the country despite being vaccinated the bottom of the hour.
12:11 am
the justice department begging a federal appeals to stop blocking its mandate for big businesses the panel suspended the rule over the weekend but today the white house told employers they should still move forward with the requirement. meantime, pfizer is expected to ask the fda to authorize its booster shots for all u.s. adults, everyone that's according to "the washington post" sources telling the post that the company could submit that request as soon as this week on the covid therapeutic front, there's good news there, too regeneron reports its antibody cocktail cuts the risk of getting infected by nearly 82% the data shows the protection lasts for up to eight months regeneron's ceo tells cnbc the treatment could eventually be used to supplement vaccines. in americans with compromised immune systems right now, the fda has authorized the drug to treat only covid patients and prevent infection in certain high risk adults. a suspected serial killer
12:12 am
arrested in missouri what we know about the man accused and how police say he killed most of his victims a simple hand gesture to the rescue a missing teen pulled from her car, and the alleged kidnapper driving her after using a distress signal that she learned on tiktok. a flood of new subpoenas from the committee in congress investigating the january 6th capitol insurrection, the demand for documents, and testimony from some very familiar names. ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world.
12:13 am
♪ ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock? . a suspected serial killer behind bars tonight in missouri. cops say they think he killed six people and shot several others across two states in september and october. the suspect, 25-year-old perez reid, four of the victims are in
12:14 am
the st. louis area, two in kansas city kansas, and were shot in the head fbi agents tracked reid down from missouri to kansas, and that they were able to do it by linking his cell phone to an amtrak ticket. cnbc's valerie castro picks up the story from there >> investigators say it was hard evidence that may have connected reid to all of the crimes. shell casings from the scenes all came from the same 40 caliber semiautomatic handgun, and investigators say reid had that gun on him when he was arrested by an fbi task force. something else that may have made him stand out, a unique crescent moon tattoo on his forehead it was spotted in this surveillance photo from a camera at one of the victim's buildings. that victim was found dead in her apartment in kansas city investigators say they matched that tattoo to this old mug shot of reid from a previous arrest something about the way the victims were shot also stood out to detectives. >> i don't want to come out and say that exactly, but from my knowledge of this, yes, it
12:15 am
appears that he definitely had a distinctive manner in which he did it i won't get into that. >> the youngest victim, a 16-year-old girl was found shot in the head and arm in st. louis and several other victims were also shot in the head. investigator ds not say what might have motivated the shootings, and there's no clear connection between all of the victims. in addition to murder charges, reid is facing federal charges for transporting a firearm across state lines with intent to commit a felony shep. >> valerie, thank you. s man who kyle rittenhouse shots and named took the stand today. ga gaij was in kenosha, wisconsin, and was the only one of rittenhouse's three victims who survived rittenhouse shot him in the bicep. he says he's lost sensation in that part of his arm rittenhouse's lawyers argue it was all in self-defense. he says rittenhouse even had
12:16 am
enough time to rerack his assault rifle before firing. >> by re-racking the weapon, i inferred that the defendant wasn't accepting my surrender. >> did you feel that he was going to point the gun and shoot at you again >> yes i was never trying to kill the defendant. it was never something that i was trying to do in that moment, i was trying to preserve my own life >> but in cross-examination, rittenhouse's lawyers tried to argue that the grostz was pointing his own gun at rittenhouse in that moment gabe gutierrez is covering that trial. >> reporter: the defense came out swinging trying to convince jurors that it was the medic who chased rittenhouse, not the other way around. >> now, you had said that you were looking for a non-lethal
12:17 am
way to end this interaction. >> that is correct, yes. >> yet you pulled your gun out and began -- i'm going to use the word chase you began chasing or running after a man who was running away from you, correct? >> that is correct >> reporter: when pressed he said that he did not intentionally point his gun at rittenhouse but the defense seized on the uncertainty, also bringing up that grostz was suing the city and could benefit financially if rittenhouse is convicted. a police detective also took the stand. the defense trying to make the house that rittenhouse only fired on people who attacked him in some way. that's a central part of the case so far, the prosecution has called 20 witnesses to the stand. it's possible that prosecutors could rest their case as early as tomorrow. then it's the defense's turn, and it's possible that
12:18 am
rittenhouse himself could testify later this week. shep >> gabe gutierrez live at the courthouse. a teenage girl trapped in a car with her alleged kidnapper has been rescued thanks to a hand signal that she learned on tiktok this happened just on thursday authorities say this man drove the 16-year-old 140 miles from her home in north carolina to kentucky that's when another driver saw her flashing that hand signal i mentioned out the window and called police. here's how you do that, your palm faces the camera, whomever you're trying to signal, tuck your thumb in and pull your fingers over it, that's the signal she gave to passers by. last year, an organization called the women's funding network created the gesture so people could signal they were in distress or danger without giving it away to people around them they made a viral video on tiktok, and police say that signal saved this teen's life. >> the use of the tiktok hand signal signifying i'm in trouble
12:19 am
i need help was a ground breaking event for us and maybe nationwide because had she not given that signal to a motorist and had a motorist not recognized that signal, who knows where that 61-year-old man would have wound up with this 16-year-old girl. >> pretty incredible, isn't it >> authorities say day also found pictures on the suspect's phone showing an under age girl in a sexual manner he's been charged with unlawful imprisonment and possession of matter portraying a sexual performance by a minor. a memo written to overturn the election, tonight the people involved in those actions facing congressional subpoenas. and attorney general merrick garland sending a message to cyber criminals, the charges he announced today agns ♪ limu emu & doug ♪
12:20 am
got a couple of bogeys on your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. what do you say we see what this bird can do? woooooooooooooo... we are not getting you a helicopter. looks like we're walking, kid. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ this is called momentum. and there's no off-season. just work that builds on itself over and over and over again... becuase the only way is through. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner.
12:21 am
in business, setbacks change everything. vanguard. so get comcast business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add comcast business securityedge. plus for a limited time, ask how to get a $500 prepaid card when you upgrade. call today.
12:22 am
the january 6th committee investigating the insurrection at the capitol issued a fresh round of subpoenas today, the committee seeking documents and testimony from six people. bill stepien, manager of former president trump's failed reelection campaign. jason miller, the former trump senior adviser angela mac call up, a former executive assistant. john eastman, a lawyer for trump who wrote a memo about how to collage the 2020 results michael flynn, the former
12:23 am
national security adviser who reportedly attended an oval office meeting in september to discuss. and bernie kerik who worked with rudy giuliani to investigate allegations of fraud nbc news has reached out to each for comment but has not yet heard back. the justice department cracking down on one of the world's most notorious ransom ware gangs attorney general merrick garland announcing charges against two suspected hackers from the r evil ransomware group. they are responsible for thousands of cyber attacks that stole millions of dollars from companies. one of the suspected hackers is ukrainian and is currently under arrest in poland the other suspect is believed to be in russia but investigators were able to seize more than $6 million from him. >> the justice department is sparing no resource to identify and bring to justice anyone anywhere who targets the united
12:24 am
states with a ransomware attack. >> extradition proceedings are currently underway to bring the ukrainian suspect to the united states satellite images appear to show china built mock ups of u.s. navy warships in the middle of a remote chinese desert. analysts say they're part of a new sophisticated target range that the chinese military developed. see it here? you can see this fake warship on a railway track, so it apparently moves, and this appears to be a full scale outline of a nuclear powered aircraft carrier, and this look like a mock up of a u.s. navy destroyer. this all comes amid rising tensions between the u.s. and beijing over the south china sea, taiwan and military supremacy in the indo-pacific region crypto atms, instead of taking out cash, you get crypto, like bitcoin now as they pop up all across the country, law enforcement is
12:25 am
stepping in. cnbc investigates, and it's a sign the future has arrived. a truck with no driver making a real delivery. tonight, the achievement from walmart. and america dusting off the welcome mat as vaccinated travelers return so why are some who got the shot still not being allowed in their stories as we approach the bottom of the hour and the top of the news from cnb woman: i have moderate to severe plaque psoriasis. now, there's skyrizi.
12:26 am
♪ things are getting clearer ♪ ♪ yeah i feel free ♪ ♪ to bare my skin, yeah that's all me. ♪ ♪ nothing and me go hand in hand ♪ ♪ nothing on my skin that's my new plan. ♪ ♪ nothing is everything. ♪ woman: keep your skin clearer with skyrizi. most who achieved 90% clearer skin at 4 months had lasting clearance through 1 year. in another study, most people had 90% clearer skin at 3 years. and skyrizi is 4 doses a year, after 2 starter doses. ♪ it's my moment so i just gotta say ♪ ♪ nothing is everything. ♪ skyrizi may increase your risk of infections and lower your ability to fight them. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or symptoms, such as fevers, sweats, chills, muscle aches, or coughs or if you plan to or recently received a vaccine. ♪ nothing is everything. ♪ woman: talk to your dermatologist about skyrizi. learn how abbvie could help you save.
12:27 am
a shortage of retail workers across the country has businesses scrambling to hire right now before the crush of the holiday season the national retail federation now predicting a record year of sales. it reports it expects up to 10 1/2% increase from last year. now businesses are stepping up their perks to try to hire enough workers for the season. cnbc's kate rogers now on what some companies are doing to lure people back. >> reporter: at retailers large and small across the country, help is wanted and workers are in short supply. walmart hosting more than 100 hiring events to staff its supply chain with 20,000 workers. amazon offering $3,000 hiring bonuses to lure 150,000 workers. and target bumping pay during peak hours this season even as the pandemic's end is in sight, workers have stayed on the sidelines, but retailers need them back badly under armour has hired 1,000
12:28 am
workers and is seeking to bring on 1,000 more, crediting a pay increase this summer and a bonus program for its success so far this season. >> we know that we are in one of the most competitive environments that we've seen in a very long time, particularly in retail stores i think that our decision earlier on in the year to increase that starting wage from $10 to $15 certainly helped us get ahead. >> reporter: it's not just a labor shortage companies are up against, there's an additional one-two punch of supply chain woes and inflation despite those head winds, sales are projected to hit a new all time high and could reach $859 billion >> if retailers can keep things on their shelves and that shippers can get the goods delivered to people's homes by christmas, it will be really, you know, a banner year for holiday spending. >> reporter: small businesses like karen hiltz, my secret
12:29 am
stash in michigan are seeking to succeed, avoiding headaches larger retailers are up against. >> small towns commit to buying local as best we can i don't have a lot of product hung up on a shir anp anywhere. >> reporter: 700,000 workers are expected to be needed this holiday season and if retailers and shippers can pull it off, it should be one for the record books >> thank you. shoppers trimming the fat on certain types of meat, and that's what's topping cnbc's on the money. americans are cutting back on steak and more expensive cuts of meat prices for products like rib eye surging about 40% from a year ago. that's according to the research firm iri that's due to supply chain problems and labor shortages instead, shoppers are opting for less expensive alternatives, like chicken or pork, and even replacing boneless skinless chicken breasts with cheaper bone in chicken.
12:30 am
walmart rolling out fully driverless trucks. the retailer trying to ramp up its online grocery business. it's teaming with silicone valley start up called gaddack to relay online grocery orders the truck traveling in a 7 mile loop from fulfillment centers from bentonville arkansasto a nearby store. and the stock trading platform robinhood suffering a data breach. the company reports it happened last wednesday robinhood reports the e-mails of about 5 million customers were compromised but that no social security numbers or financial information was taken. on wall street, all of these at record high closes. the dow up 104 s&p up 4 the nasdaq up 11 i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news >> one bill down, another to go. can congress passes rest of
12:31 am
president biden's economic agenda prices soaring, services lacking. welcome to skip flation in america. but first, at long last, the u.s. reopens to the vaccinated world. >> it's a monumental day for america's covid recovery the united states welcoming in international travelers for the first time in nearly 20 months vaccinated tourists are rushing to border check points across the country. this was the scene at a crossing in detroit early this morning. homeland security officials say they expect long lines like these to continue in the days ahead. at the u.s. canadian border in vermont, here's cnbc's perry russom >> in his garage workshop, it's been quiet out front. >> traffic just simply dried up. >> he lives on canusa avenue in vermont, causan, can, one side
12:32 am
of the street, usa, his side. >> i noticed the sidewalk is onlts canadian side, so what are you supposed to do. >> you go over and walk up the sidewalk. >> in derby, the international boundary runs through buildings. >> almost everybody around here has got ties across the border in terms of family. >> in some places, the border is just police tape you have the u.s. on this side, canada on the other, this is heavily guarded by security cameras. when the border was closed, you would have families sitting on both sides in lawn chairs, just talking to each other. >> very lonely down here >> elaine hace has family in canada to get into the u.s., canadians have to prove their vaccinated, but to get into canada, americans have to prove their vaccinated, test negative within three days of crossing and fill out information on the arrive can app. >> i haven't done it because to me it's complicated. >> at midnight, the board opened with no fanfare. george made the drive, here for
12:33 am
the cheaper gas. >> i find it easier to come here than go back home. >> who do you think is going to be the big winner out of all of this >> restaurants and the ski areas down here probably and florida. >> i think it's like 100 some bucks to get that test done. >> reporter: while it's the canadian testing man dates turning off travel in town. >> they may do away with that, i'm having a feeling. >> reporter: the library is right behind us and the border slices right through it. you have the u.s. on one side, canada on the other, it's international library with international staff and because the border was closed during the pandemic, they cut back hours to four hours a week. they are now looking to change that, shep. >> i bet they are, perry russom, thank you. imagine having followed the science, received the vaccine, two shots, but after all of that, you still can't travel for a vacation or visit family and friends. it's reality for millions of people who took the shots that their governments offered. such as the russian made sputnik vaccine, and the chinese made
12:34 am
k kensino vaccine, both distributed to several countries around the world but the world health organization and cdc haven't recognized them, which means people who have received those shots through no fault of their own still are not welcome in the u.s here's cnbc's meg tirrell. >> it was supposed to be the trip of a lifetime in october 2019, booking a huge family trip from their home in argentina, first to disney world to celebrate her daughter's 4th birthday, and then on to the beach. >> we saved a lot of years, and we actually used most of our, almost all of our savings for that trip. >> when the pandemic hit, the trip was rescheduled four times. they were hopeful they'd finally get to go in early 2022, until the u.s. announced its new travel rules the vaccine agus and her family received, russia's sputnik v isn't accepted. >> i cried i cried my eyes out because, i mean, i couldn't believe that i had done everything right.
12:35 am
>> reporter: she's not alone in the u.s. and washington state, pi lar fernandez was hoping her parntss could finally come visit their 4-year-old granddaughter. >> they haven't seen her, and they grow so much in two years. >> reporter: but they too got the sputnik vaccine like millions of others around the globe, argentina, turkey, and others accepting only vaccines cleared by the fda or have emergency use listing from the world health organization sputnik is not on the list for many, it was the first vaccine available in their countries. but now they feel stuck. >> it's not that people don't want to get vaccinated and travel it's people that have been vaccinated that they didn't have a choice which vaccine to pick and now it's being punish instead a way for when vaccine rollout was not equitable.
12:36 am
>> agus is still hopeful they will get to take their daughter on the trip to disney world. >> i can't wait to see her face when she gets there and see the castle. >> the sputnik vaccine was said to be 92% effective in preventing covid the w.h.o. is waiting for more information from the russian direct investment fund so it can do analysis for the vaccine. a spokesperson didn't answer our questions about the process by air time shep >> meg tirrell, thank you. it's tweak two of the climate summit in glasgow. former president obama today called on world leaders to do more against climate change before it's too late. >> we have not done nearly enough to address this crisis. we are going to have to do more. and whether that happens or not to a large degree is going to depend on you. >> mr. obama says the u.s. is back at the negotiation table
12:37 am
after president trump pulled america out of the climate agreement and slammed china and russia for skipping the conference all together. business executives are stepping up, they say climate change is disrupting global supply chains and hurting their bottom lines in glasgow, here's cnbc's diana olick. >> reporter: when it comes to moving products around the world, covid has nothing on natural disaster f, from hurricanes to wildfires, when nature strikes, commerce stops, and climate change is making that happen more often it's why companies here at cop are working on how to protect themselves and their consumers some are more prepared than others unilever which makes over 400 products globally has a long history of dealing with global political disruptions, which its ceo says positions it well for climate related supply change disruptions. >> every major business was tested by covid where planning became less important than speed of response, and i think the
12:38 am
same is going to be true on the challenges to our supply chain that come from climate change. brazilians adaptability. >> reporter: for companies large and small, damadapting to a new climate and becoming more resilient on top of the larger goal of getting greener will cost them. pepsi pledges to be net zero by 2040, and its ceo says rather than a green premium, it will lean to green profit. >> i think this is a major growth opportunity for pepsi if i can get my consumers to prefer my brand because i am somehow more environmentally friendly, and i can convince them that that's the way they want to live their lives and make their choices, i'm going to be very successful. >> reporter: former president obama who drew massive crowds here today said the same. >> today more than1/5 of the world's largest companies have set net zero emissions targets not just because it's the right thing to do for the environment but in many cases because it
12:39 am
makes sense for their bottom line >> reporter: and make no mistake, resilience is big business, whether it's new materials to withstand higher winds and make homes and businesses less flammable or new technology that can adapt a product supply chain in a matter of moments, there is money to be made, shep >> diana olick, thank you. americans are feeling the pain of inflation, people are paying more for just about everything, including energy according to new data from triple a, the national average for a gallon of gas is about $3.42 a gallon that's more than 60% increase from just last year. in the meantime, the price of natural gas is also more than doubled this year. it's used to heat homes and run power plants but in the united kingdom and europe, the problem is far worse. in london, here's cnbc's national correspondent, brian sullivan. >> the growing energy crisis in europe may get worse as winter arrives. energy storage is down setting off a mad scramble for power, and a maddening just in costs.
12:40 am
utilities raising prices by the most ever and here in the u.k., there's a real chance as the weather gets colder, lower income families will have to make some very tough decisions. >> the risk is frightening it's pretty brutal as well there will be millions of people who woents be able to heat their homes, make choices between eating and heating, scared of the debt mountain that's coming towards him every time they put their heating on they will be in dread of the consequences of it. >> even coal, left for dead in most of europe is starting to make a comeback. it's a scary time, and some are starting to wonder, could this happen in the united states. remember, in texas, the big freeze in february causing millions to be without power, and deal with skyrocketing prices when it did come back on. well, the good news that most expert says a europe type situation is unlikely because we have far more energy options, including our own mostly stable energy supply. but others say what is happening here should be a cautionary
12:41 am
tale, that it's a lesson that the energy transition away from fossil fuels has to be done with care and planning to make sure if one source of energy doesn't perform, others will, and no one, particularly the most vulnerable are left out in the cold for the news, i'm brian sullivan. well, it used to be, you get what you pay for, right. not so much anymore. tonight, why millions of americans are seeing customer service and their wallets take a hit. congressional democrats look to pass a historic piece of legislation before thanksgiving. wishful thinking wishful thinking or to make progress, we must keep taking steps forward. we believe the future of energy is lower carbon. and to get there, the world needs to reduce global emissions. at chevron, we're taking action. tying our executives' pay to lowering the carbon emissions intensity of our operations. it's tempting to see how far we've come.
12:42 am
but it's only human... to know how far we have to go. ♪ (man) still asleep. but it's only human... (woman vo) so, where to next? (vo) reflect on the past, celebrate the future. season's greetings from audi.

28 Views

info Stream Only

Uploaded by TV Archive on