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Why 7-Eleven Failed In Indonesia
 
04:47
Indonesia's first 7-Eleven opened in 2009 and became a popular hangout spot for consumers. At their peak in the Southeast Asian country, they numbered 190 stores, offering free Wi-Fi and a seating area for guests while selling fresh local meals and traditional 7-Eleven snacks like the Slurpee. Despite the chain's popularity, the franchisee, PT Modern Internasional, shuttered all remaining 161 stores there in 2017. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #7Eleven 7-Eleven Was Popular In Indonesia — But That Didn't Save It From Total Failure
Views: 952633 CNBC
Ulta And Sephora's Billion Dollar Makeup Fight
 
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Two cosmetics retail giants, Sephora and Ulta Beauty, started very differently, but as the consumer demand for makeup increases, the strategies of these two retailers are converging. Sephora began with a focus on luxury cosmetics in urban areas, while Ulta specialized in mass market products in suburban areas. Now, each are growing, trying to capture a bigger share of the global color cosmetics market, estimated to be worth $48.3 billion by the end of this year. Watch this video about the evolution of the cosmetics industry to find out how. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Ulta #Sephora Ulta And Sephora's Billion Dollar Makeup Fight | CNBC
Views: 266773 CNBC
Why Netflix Is Struggling In India
 
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Netflix has 137 million subscribers and a majority of them are international. But the streaming giant is still struggling to break into India, the world's second-largest internet market. CNBC's Alex Sherman explains why. Netflix is currently valued much higher than other media companies. Despite a share pullback in recent months from more than $400 to about $285, Netflix has a trailing price-to-earnings ratio of more than 100 and an enterprise value-to-EBITDA ratio of about 70. For comparison, Disney has a P/E ratio of about 14 and an EV-to-EBITDA ratio of about 11. Viacom's valuation ratios are both around 7. This gaudy valuation is largely predicated on its international growth forecast. Breaking into India is critical for the company to double or triple its subscribers over the next 10 to 15 years, as many analysts have estimated. But Netflix hasn't had an easy time spreading through India since it launched there in 2016. Faced with competition from local players and Amazon Prime Video, Netflix is facing an uncertain future in a country with more than 1.3 billion people. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Netflix Why Netflix Is Struggling In India
Views: 888566 CNBC
Kobe Bryant's Investment Advice To Retired NBA Players | CNBC
 
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Five-time NBA champion Kobe Bryant and his co-founder Jeff Stibel, former CEO of Web.com, discuss their new venture capital fund, Bryant Stibel. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Kobe Bryant's Investment Advice To Retired NBA Players | CNBC
Views: 695772 CNBC
Why Australia Hasn't Had A Recession In Decades
 
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America's economic expansion is approaching a big milestone. If the U.S. economy keeps humming until July 2019 it would be the longest period of growth on record. The expansion would be exactly one decade and one month old by then. But there's another country with an even more impressive run. Australia hasn't had a recession in 27 years. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Australia Why Australia Hasn't Had A Recession In Decades
Views: 600586 CNBC
Warren Buffett: Buying And Holding Index Funds Has Worked | CNBC
 
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Berkshire Hathaway CEO Warren Buffett speaks to CNBC's Becky Quick about this year's shareholder meeting and his best long-term investing tip. For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Warren Buffett: Buying And Holding Index Funds Has Worked | CNBC
Views: 179683 CNBC
How Robinhood Makes Money
 
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Robinhood, an investing app valued at over $5 billion, says it's trying to "democratize America's financial system" by making investing accessible to the little guy with free trades. It's an eye-popping valuation for a financial company with opaque metrics and plenty of competition. The young company had its share of missteps as well, prompting questions of whether or not it can handle primetime. Robinhood has faced criticism for business practices that allow it to offer free trading. It also botched the rollout of a checking and savings account feature in late 2018, garnering concern from regulators. But the company's incredible growth and popularity with younger investors – more than 6 million users by the end of 2018 – means it could be a major player in banking moving forward. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Robinhood How Does Robinhood Make Money?
Views: 815816 CNBC
How Amazon Makes Money
 
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Amazon reported a record net income of $10.1 billion in 2018, which was a considerable jump from $3 billion in 2017. CNBC breaks down where exactly the money came from and how Amazon Web Services, advertising and the third-party marketplace are driving Amazon's increased profitability. For more on Amazon check out the following videos: As Amazon Air Expands, FedEx And UPS May Suffer https://www.youtube.com/watch?v=Efs3PyR8iBw Jeff Bezos In 1999 On Amazon's Plans Before The Dotcom Crash https://www.youtube.com/watch?v=GltlJO56S1g Is Amazon HQ2 A Bad Gamble For Cities? https://www.youtube.com/watch?v=s5ouSWNQrkA Inside Amazon's New 4-Star Store https://www.youtube.com/watch?v=_lqjxVO4u5M » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Amazon How Amazon Makes Money
Views: 721772 CNBC
Why Starbucks Failed In Australia
 
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Starbucks can be found all over the world, from Shanghai to Guantanamo Bay. But there is one continent that was uninterested in the coffee giant. Australians largely rejected Starbucks' attempted takeover, which led to an embarrassing retreat for the brand. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Starbucks Why Starbucks Failed In Australia | CNBC
Views: 4685247 CNBC
Why Lyft Is Losing Money
 
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Lyft went public on Friday at a valuation above $20 billion, but last year it had a net loss of $911 million. During the roadshow leading up to its IPO, Lyft promised investors it would eventually make 20% EBITDA margins, but it was vague about the timeline and strategy for how it would get there. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Lyft Lyft Is Losing Money
Views: 538388 CNBC
Inside Corning's Gorilla Glass Factory
 
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CNBC traveled to Harrodsburg, Kentucky to get a rare look inside Corning’s oldest glass factory where it makes Gorilla Glass for iPhones and a variety of other devices. The factory runs 24/7 and human hands never touch the glass — only air and robots. Take a look inside to see how it's made. In the middle of bluegrass and bourbon country in Harrodsburg, Kentucky, is Corning's oldest glass factory. It was built in the 1950s to create lenses for glasses and then in the 1980s it transitioned into making LCD glass panels. But about six months before the first iPhone was released in 2007, Steve Jobs made a call to the CEO of Corning and asked the company to create glass that could withstand scratches and breakage for a new Apple product. Before that, phones were typically covered in plastic. Corning quickly developed Gorilla Glass, and this factory went through a complete transformation. The same company that developed the glass for the Edison bulb in 1879, is now making the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony and Huawei and a variety of other manufacturers. Watch the video to get a rare look inside the factory to see how Gorilla Glass is made. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC Inside Corning's Gorilla Glass Factory
Views: 1642011 CNBC
How Investing Works: Dividends
 
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Dividend investing isn't as popular as it used to be. But investors looking for a low-risk investment strategy might want to pay more attention. You might remember the "Bank pays you dividend of $50" card from Monopoly, but what is a dividend? A dividend is a portion of a company's profits paid out to shareholders on a quarterly basis. As long as you own the stock you'll continue to get paid and over time these regular payments add up. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC How Investing Works: Dividends
Views: 148427 CNBC
Amazon-Backed Smart Glasses For $1,000: First Look
 
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A start-up called North, formally Thalmic Labs, is introducing a pair of smart glasses that it thinks will appeal to the masses because the design looks so similar to normal glasses. They're called Focals, and they cost around $1,000. Focals connect to your phone via Bluetooth and have a small projector that beams data into the wearer's eyes. They can tell the wearer the weather or time, read text messages and even order an Uber. The glasses are also connected to Alexa, so if you can ask them for directions or information, a small speaker will tell you the answers. North has raised over $140 million from investors including the Amazon Alexa Fund, Spark Capital, Intel Capital and Y Combinator. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC Prescription Smart Glasses For The Masses: First Look | CNBC
Views: 1878470 CNBC
The Rise And Fall Of Yelp
 
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When Yelp went public in 2012, the popularity of the review site was quickly growing and its stock soared. But it’s been a rocky road since then as advertisers fled the platform and as competition has increased from Google, Facebook and others. Watch the video to hear the story of Yelp and learn why the company has lost its 5-star rating. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Yelp The Rise And Fall Of Yelp
Views: 739807 CNBC
Diabetics Are Hacking Their Own Insulin Pumps
 
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There is a revolution in the Type 1 diabetes community and thousands of people are now hacking their insulin pumps for better blood sugar management. CNBC's Erin Black, who was diagnosed with Type 1 diabetes 20 years ago, decided to try out the hacked system. Here's what happened. Type 1 diabetes is a disease that affects more than 1.2 million Americans. I'm one of them. It's a disease that impairs the body's ability to produce the hormone insulin, which normally comes from the pancreas. So insulin has to be injected. Managing blood sugars can be very difficult, and patients use a pump to help mimic the activity of the pancreas. However, pumps don't automatically adjust insulin levels for diabetics. And the manual process is tedious and can be dangerous. But a few years ago, people figured out how to hack their insulin pumps to make them automatically adjust insulin levels more precisely. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #CNBCExplores Hacking Diabetes With This DIY Artificial Pancreas
Views: 1662703 CNBC
Jim Cramer: Roth Or Traditional Account? | Archives | CNBC
 
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Mad Money's Jim Cramer breaks down the differences between traditional retirement methods and a Roth 401(k) or IRA. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Jim Cramer: Roth or Traditional Account? | Archives | CNBC
Views: 177489 CNBC
How Funk Band Vulfpeck Took On Spotify | CNBC
 
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Jack Stratton, Vulfpeck bandleader, discusses how the funk band circumvented Spotify’s royalty system back in 2014 with a silent album. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC How Funk Band Vulfpeck Took On Spotify | CNBC
Views: 82525 CNBC
Warren Buffett: When Stocks Go Down, It's Good News | CNBC
 
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I never know what markets are going to do, says Warren Buffett, Berkshire Hathaway CEO sharing his observations. But I know what markets are going to do over a long period of time - they're going to go up. We've always been a net buyer of stocks, says Buffett. For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Warren Buffett: When Stocks Go Down, It's Good News | CNBC
Views: 195058 CNBC
Negative Rates 'Distort' Everything: Warren Buffett | CNBC
 
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Warren Buffett, Berkshire Hathaway CEO, discusses what he is telling people about market volatility and shares his thoughts on the impact of negative interest rates. For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Negative Rates 'Distort' Everything: Warren Buffett | CNBC
Views: 46561 CNBC
Why MLB Players Land The Best Pro Contracts
 
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Baseball has been touted as America's favorite pastime. But as of 2017, Analyst group Gallup says baseball is at its lowest popularity level ever. Even though the sport is losing its following, MLB players are still landing the best pro contracts. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #MLB Why MLB Players Land The Best Pro Contracts | CNBC
Views: 129188 CNBC
The Rise And Fall Of Victoria’s Secret
 
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When Victoria's Secret entered the market in the 1980s, it revolutionized the retail of women's undergarments. Previously, women viewed their bras on a binary — strictly functional for day-to-day or fancy for special occasions. Victoria's Secret combined the structure and function of day-to-day bras with the fun prints and feel of fancier bras. But 30 years later, the brand is falling behind the times as consumer priorities shift and younger brands like Aerie and Rihanna's Savage x Fenty adapt. The lingerie brand, owned by L Brands, has reported negative same-store sales for the past three years now, as women steer clear of its bedazzled bras and underwear for comfortable pieces in cooler colors. That's as a new cohort of start-ups like Adore Me, Third Love, Lively, Cuup and Knix are resonating with younger consumers as they surge in popularity on social media channels like Instagram. Wall Street analysts and investors alike are unsure if L Brands will be successful in reinventing Victoria's Secret's increasingly obsolete bras business. Even a recent slew of heavy promotions doesn't appear to be moving products off of shelves, according to UBS analyst Jay Sole, who's been tracking promotional activity in stores and online. "The pivotal question on the stock is can L Brands rehabilitate the Victoria's Secret brand image," Sole said in a note to clients earlier this week, ahead of L Brand's monthly sales report. He said he noticed Victoria's Secret's January promotions "increased significantly" from a year ago. And that typically means a company didn't sell enough during the holiday season, thus needed to drop prices to try to lure shoppers in. Despite its struggles, though, Victoria's Secret is still a behemoth in its industry today. It's been estimated L Brands would account for roughly 63 percent of sales in the lingerie industry in the U.S. in 2018, according to a study put out by IBISWorld last October. The group defines the industry to include retailers that predominantly sell intimate apparel, including bras, panties and other lingerie items, for women. No other companies were on track to account for more than 5 percent of revenues, while American Eagle's Aerie brand had 3.5 percent and Chico's Soma brand had 3 percent, IBISWorld said at the time the report was released.» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #VictoriasSecret How Victoria’s Secret Disrupted Lingerie - Then Fell Behind
Views: 1744022 CNBC
Why Tesla (And Everyone Else In Tech) Is Obsessed With Batteries
 
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The battery industry is rapidly changing, in part because of growth in mobile devices and electric cars. The lithium-ion battery industry alone is expected to grow to $93 billion by 2025. But the energy sector could be disrupted by battery innovation as well. Here's everything you need to know about the big business of batteries and how battery innovation is changing our world. **CORRECTION** @5:04 in the story, the lower third reads Gaston Plante. The correct name is John Goodenough, who is the co-inventory of the lithium-ion battery. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Tesla #Batteries Why Tesla (And Everyone Else In Tech) Is Obsessed With Batteries
Views: 285506 CNBC
How Kmart Went From Beating Walmart And Target To Bankruptcy
 
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In October 2018, Kmart's parent company, Sears Holdings, filed for bankruptcy. Kmart first filed for bankruptcy in 2002, making this its second time in just 16 years. However, the struggling company used to be the biggest discount retailer of homegoods in the U.S. — even bigger than Target and Walmart. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #TheEmpires How Kmart Went From Beating Walmart And Target To Bankruptcy
Views: 1093376 CNBC
Vanguard Founder Jack Bogle's '90s Interview Shows His Investing Philosophy
 
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Vanguard founder Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career. Jack Bogle needed hefty amounts of brainpower and market know-how to put together the first index fund. But for investors wanting to cash in on his idea, it's become pretty easy. In 1975, the founder of Vanguard Group, who died Wednesday, was able to turn a long-held belief into reality, namely that it was far more profitable to follow the market than fight it. Most mutual fund managers who picked stocks couldn't keep up with basic benchmarks like the S&P 500, much less beat them, he found. So he turned his thoughts into action, putting together the first fund that simply followed the S&P 500, minus a small management cost that was much cheaper than the active funds of the day. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #JackBogle #Vanguard Vanguard Founder Jack Bogle's 90s Interview Shows His Investing Philosophy
Views: 46420 CNBC
As Amazon Air Expands, FedEx And UPS May Suffer
 
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Amazon aims to compete with FedEx and UPS in the logistics and shipping industry. That's what analysts told CNBC after Amazon Air recently expanded to 50 planes and announced it will open a $1.5 billion air hub in Northern Kentucky in 2021. Amazon is handling up to 26% of its own shipping, meaning FedEx, UPS and the U.S. Postal Service are losing a portion of Amazon's business. FedEx says it's not worried, but Morgan Stanley reports the major shippers have already lost 2% revenue to Amazon Air. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Amazon #AmazonAir As Amazon Air Expands, FedEx And UPS May Suffer
Views: 1349335 CNBC
Elon Musk's Boring Company Opened Its First Tunnel — Watch What It's Like To Ride Inside
 
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Elon Musk unveiled his vision of a high-speed tunnel system in Hawthorne, CA on Tuesday night by opening the first Boring Company test tunnel. Musk, who founded the Boring Company two years ago after complaining that traffic in Los Angeles was driving him “nuts” says the demonstration tunnel cost approximately $10 million to compete. CNBC's Phil LeBeau gets a ride inside. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #BoringCompany #Hyperloop Elon Musk's Boring Company Opened Its First Tunnel — Watch What It's Like To Ride Inside
Views: 608577 CNBC
Elon Musk’s Family Tree Explained
 
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Elon Musk may be transforming everything from power to space travel, but Elon isn’t the only entrepreneur in his family tree. Here’s a look at the rest of Elon’s family» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Elon Musk’s Family Tree Explained | CNBC
Views: 159222 CNBC
Bill Belichick On Leadership, Winning, Tom Brady Not A 'Great Natural Athlete’ (Exclusive) | CNBC
 
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CNBC Contributor Suzy Welch sits down with New England Patriots Coach Bill Belichick in an exclusive interview. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Bill Belichick On Leadership, Winning, Tom Brady Not A 'Great Natural Athlete’ (Exclusive) | CNBC
Views: 1230985 CNBC
This Ex-Tesla Engineer Wants to Change Aviation
 
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Impossible Aerospace founder and CEO Spencer Gore hopes to make self-flying electric planes that would make jet fuel — and the pollution from burning it — obsolete. But he’s starting small by building battery-powered electric drones. The company’s flagship product, dubbed the US-1, can fly for about two hours on a single charge, about as long as a helicopter can fly on a full tank. Gore describes the small unmanned aerial vehicle half-jokingly as “a battery with propellers attached.” More than half of the mass of the US-1 is made of battery cells and the entire structure serves as one big battery pack. Impossible Aerospace shares DNA, and a clean energy mission, with Tesla. Before he caught the start-up bug, Gore worked as an intern at two Elon Musk-led companies, SpaceX and Tesla. He was offered an internship at the electric vehicle maker in 2014, and and later became a full-time battery engineer there. He accepted the internship even though he was still working on an engineering degree at the University of Illinois at Urbana Champaign. Rather than dropping out of college like Bill Gates or Mark Zuckerberg, Gore decided to lead a double life. He convinced his professors he would be able to mail in his assignments, and travel back and forth between Tesla’s headquarters in Palo Alto, California and their campus for exams. To save money and eliminate commute time, Gore even lived in an RV in the parking lot at Tesla for six months while finishing up his degree. He has no regrets. “Honestly that was that was one of the happiest times of my life,” he recalls. “If you think about the two things that stress people out in Silicon Valley the most it’s commuting and paying rent. If you if you don’t have to do those two things, life is pretty good.” Gore says he learned some important lessons about shipping new products and keeping teams focused through major challenges during his tenure at Tesla. In the years that he worked there, Tesla was perfecting the design and manufacturing processes for battery modules that power its Model S, Model X and Model 3 electric cars. Both Tesla and Impossible Aerospace created their vehicles thinking about battery needs first. Other companies tend to start by designing their vehicles first, and battery later. That can lead to cars or aircraft that aren’t as efficient and don’t perform as well, Gore said. Drones have become a valuable tool during emergencies, because they can be launched within minutes to give first responders situational awareness, fight fires from above or help search and rescue operations. They’re even beginning to replace helicopters in some cases. Impossible Aerospace research found that there are around 18,000 municipal police departments across the US, and around 32,000 fire departments, but only sixty municipalities have access to a helicopter. That’s partly because a police-grade helicopter can cost millions of dollars. “A drone can provide about half of the utility of a helicopter at less than 1 percent of the price,” Gore says. “It can even be more useful than a helicopter, because a drone can fly lower and get in closer to evaluate dangerous situations.” The start-up is flying its US-1 drones on behalf of first responders in Santa Clara County, near its headquarters, to demonstrate the drones’ potential and teach officers how to fly them. Because Impossible offers free help to police and fire departments near its office, Gore and employees at his company sometimes answer calls to bring a drone out to a fire or crime scene in the middle of the night. Impossible Aerospace has raised more than $11 million from venture investors including Bessemer Venture Partners, Airbus Ventures and Eclipse Ventures, where ex-Tesla executive Greg Reichow is a Partner. While Reichow sits on the board at Impossible Aerospace today, the two hadn’t worked together directly at Tesla. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Tesla #Aviation This Ex-Tesla Engineer Wants to Change Aviation
Views: 296955 CNBC
How Starbucks Became An $80B Business
 
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In its 47-year history, Starbucks has transformed from a single coffee bean store in Seattle to a 30,000 cafe international coffee power house. But massive expansion hasn't come without growing pains. It's no secret that Starbucks has been struggling to get U.S. customers to frequent its cafes more often. While sales have been positive, the number of customer visits continues to stagnate. Same-store sales, a key metric in the restaurant industry, have dwindled over the last 12 months as competition heated up and customers were uninspired by some of Starbucks' limited-time offerings. While comparable-store sales exceeded expectations in the fourth quarter that ended Sept. 30, rising 4 percent, much of that was due Starbucks charging more for its lattes. Under the careful watch of Howard Schultz, Starbucks pursued a strategy of aggressive expansion in the late '80s and early '90s. By the time the company went public in 1992, it had 165 stores. Four years later, Starbucks opened its 1,000th location, including international cafes in Japan and Singapore. Growth was so rapid that, just two years later, Starbucks opened its 2,000th cafe. While unit expansion helped boost sales throughout the last two decades — Starbucks has had positive same-store sales growth since 2010 — the company has now spread itself too thin. With more than 14,000 locations in the United States alone today, Starbucks has cannibalized its own sales. The company is regrouping and rethinking its expansion. It is expected to shutter 150 underperforming locations in 2019, three times the amount it typically does. Compounding its problems are changing consumer preferences, an issue CEO Kevin Johnson has addressed with investors. People are shying away from sugar-laden calorie bombs, which happen to be one of Starbucks' staples. In 2015, sales of Frappuccinos were 14 percent of Starbucks revenue. However, in the first half of 2018, Frappucino sales were down 3 percent — and accounted for only about 11 percent of the company's revenue. Making matters worse, Frappuccino sales also were hurt by a lack of innovation, analysts said. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Starbucks How Starbucks Became A $80B Business
Views: 418247 CNBC
The Rise And Fall of Gap
 
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In late February 2019, Gap Inc. announced plans to split into two separate publicly traded companies, sending its stock soaring on the hopes the new structure will help sharpen its focus and boost sales. The retailer said it would spin off its most successful brand, Old Navy, into a separate, publicly-traded company. With its inexpensive basics, Old Navy has consistently accounted for more than 40 percent of the company’s total annual sales. Its other brands, Gap and Banana Republic, will join much its smaller brands, Intermix, Athleta, and Hill City, to form an as-yet unnamed company. Gap also plans to buy high-end children’s clothing line Janie and Jack and fold that into the new company. Despite the sharp spike on the announcement, Gap shares, which have a market value of just under $10 billion, are up less than 1 percent since the start of the year, and have fallen 20 percent over the past year. Gap CEO Art Peck, who will remain with the executive of “NewCo,” said both companies should benefit from “a sharpened strategic focus and tailored operating structure.” A Gap spokesperson wasn’t immediately available for comment. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Gap The Rise And Fall of Gap
Views: 520932 CNBC
Why Apple And The FTC Are At War With Qualcomm
 
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Qualcomm has been around since 1985 and pioneered vital components of the wireless technologies you use today. Currently entangled in lawsuits with both the FTC and Apple, it’s often in the news, but how much do you know about what it actually does? Right now, Qualcomm is focused on things like 5G and artificial intelligence chips, but it has a has a massive amount of patents — over 130,000 if you include patent applications — and licensing them accounts for more than half of its operating income. But alongside Qualcomm's history of innovation is a complex legal history and it's currently entangled in lawsuits with both the FTC and Apple. Watch the video to see why Qualcomm's entire business model is being challenged. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Qualcomm #Apple Why Apple And The FTC Are At War With Qualcomm
Views: 345625 CNBC
Cristiano Ronaldo Is Worth $450 million - Here's How
 
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Cristiano Ronaldo is one of the richest athletes in the world. The 33-year-old Real Madrid soccer star has an estimated net worth of $450 million. As of June 5, the Portugal-born soccer star has already made an estimated $108 million for the year. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Cristiano Ronaldo Is Worth $450 million - Here's How | CNBC
Views: 397023 CNBC
What Will Cause The Next Recession - Gary Shilling Thinks It's The Fed
 
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Financial analyst Gary Shilling breaks down the biggest risks to the U.S. economy, including contagion from emerging markets debt, the Federal Reserve raising rates and potential shocks that could cause stocks to sink. Gary Shilling has made a career out of predicting bubbles. So what are the big risks he sees out in the global economy now? It's not necessarily a major shock that could drive the U.S. into a recession immediately, he says; he's concerned about emerging market debt. He also explains that when the Federal Reserve raises interest rates, historically, it usually damages the economy. It's one of the reasons he's short stocks right now. He's also short bitcoin, which he calls "some sort of a big Ponzi scheme. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #TheFed Why The Fed Could Cause The Next Recession: Gary Shilling
Views: 127684 CNBC
Subway - Not Starbucks Or McDonald's - Has The Most Locations
 
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Despite the seeming ubiquitousness of McDonald's golden arches and the Starbucks mermaid, the sandwich chain Subway actually has the most locations of any restaurant worldwide, about 43,000 in 2017. This number, however, belies the economic reality: while McDonald's and Starbucks continue to grow their profits, Subway's have been slipping since 2014. Industry analysts point to a few reasons for this, including a lack of innovation and fraught relationships with franchise owners. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Subway #McDonald's Subway - Not Starbucks Or McDonald's - Has The Most Locations | CNBC
Views: 776370 CNBC
How Government Cheese Became Welfare For Farmers
 
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The U.S. has too much cheese — 1.4 billion pounds of it to be exact. To get some of that cheese off the market, the U.S. Department of Agriculture has spent $47.1 million buying up roughly 22 million pounds of it since 2016, according to a USDA spokesperson. But this isn't the first time the government has bought tons of American cheese. In the 1970s, the USDA stepped in to help control volatile milk prices, and it became very profitable to produce milk. So, farmers started producing way too much of it, which was then turned into way too much cheese. In 1981, then-President Ronald Reagan declared 30 million pounds of American cheese would be distributed to food pantries, school lunch programs and other welfare programs. By 1984, the U.S. was storing about 5 pounds of cheese for every American. "People talk about food assistance programs as if they were created to help poor people out," said Andrew Novakovic, professor of agricultural economics at Cornell University. "Yes that's true, but almost all of the major food assistance programs were ideas that came from agriculture because we had too much of something." Suddenly a block of surplus dairy product became a neatly packaged symbol of economic status known as "government cheese." It's been referenced in "SNL" sketches and songs by artists including DMX, Kendrick Lamar, The Roots and Jay Z. "It would come in these big brick-type blocks and it's like Day-Glo orange," said Bobbi Dempsey, writer of The Tyranny and the Comfort of Government Cheese. "It brings back bittersweet feelings. It was a staple of childhood, so there's a nostalgia about that. But at the same time it's yet another aspect of life as a poor person that you had no control over." » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC How Government Cheese Became Welfare For Farmers
Views: 862705 CNBC
Jeff Bezos In 1999 On Amazon's Plans Before The Dotcom Crash
 
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Jeff Bezos explained his ambitious vision for Amazon in a 1999 interview. He made clear the company’s focus was on “great customer service” and discussed his real estate strategy. Bezos said, “There’s no guarantee that Amazon.com can be a successful company. What we’re trying to do is very complicated.” He added, “Scale is important to us and we’re going to go after that kind of scale.” » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC Jeff Bezos In 1999 On Amazon's Plans Before The Dotcom Crash
Views: 558815 CNBC
Don't Sleepwalk Through Life: Warren Buffett | CNBC
 
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Warren Buffett, Berkshire Hathaway CEO, weighs in on autonomous automobiles and it's impact on insurance premiums and car dealerships. And Buffett wonders if Donald Trump is happy in his job if he's out campaigning for another. Try to find you passion, advises Buffett. Also Buffett and Bill Gates share the same trait - focus. For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Don't Sleepwalk Through Life: Warren Buffett | CNBC
Views: 283810 CNBC
Why Airbus And Boeing Dominate The Sky
 
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Airbus and Boeing dominate an already under competitive airline manufacturing industry. The duopoly owns the sky by making up 99% of global large aircraft orders and those large plane orders make up more than 90% of the total plane market according to the Teal Group, an aerospace market analysis company (regional jet manufacturers only account for 7% of the airplane market by value). The duopoly doesn’t have many competitors, but overseas competition is brewing. China’s state-run company, COMAC, is poised to make waves in the aviation manufacturing industry, but some say not for a couple decades. This is how Airbus and Boeing took over airplane manufacturing. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Airbus #Boeing Why Airbus And Boeing Dominate The Sky
Views: 871710 CNBC
Why Ford And Other American Cars Don’t Sell In Japan
 
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Some of the top-selling car brands in the United States are Japanese — Toyota, Honda, and Nissan especially. But the reverse isn't true – General Motors, Ford, and Fiat Chrysler combined make up only .3% of the Japanese auto market. With strict regulations, strong local manufacturing, and a particularly Japanese way of retailing cars, the country will likely continue to be a difficult place for American automakers. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Ford #Chevy Why Ford And Other American Cars Don’t Sell In Japan
Views: 1921455 CNBC
Ron Baron's $300M Bet On Tesla | Squawk Box | CNBC
 
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This may be one of the most interesting companies that I have ever invested in, says Ron Baron, Baron Capital chairman & CEO, talking about why he took a big position in Tesla despite its risk. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Ron Baron's $300M Bet On Tesla | Squawk Box | CNBC
Views: 106858 CNBC
Why Amazon Is Going After Netflix
 
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When Amazon pursued the rights to a “Lord of the Rings” series in 2017, the company knew it would have to overcome some major obstacles to lure the J.R.R. Tolkien estate to its video-streaming platform. Amazon was a relative newcomer in video, with no track record of shepherding a blockbuster series. HBO, meanwhile, could tout its long history of hits, most notably “Game of Thrones,” a similarly epic series based on fantasy novels with a rabid fan base. Netflix, with more than 100 million subscribers, pioneered the on-demand model with hits such as “House of Cards” and “Orange is the New Black.” And not to be ignored, Apple was also in on the negotiations to acquire the rights for the upcoming TV show, according to people familiar with the matter. Amazon didn’t have much by way of Hollywood cred. What it had was the richest person on the planet in CEO Jeff Bezos, a big “Lord of the Rings” fan, who was promising the Amazon Studios team a huge budget to nab the series, a prequel to Tolkien’s “The Fellowship of the Ring.” But money alone wasn’t going to separate Amazon from the pack — Amazon’s $250 million offer wasn’t even the highest bid for the show’s rights, according to a person familiar with the matter. The ultimate selling point, according to people with knowledge of the negotiations, related to Amazon’s original business from over two decades ago: books. The Tolkien estate was convinced that in promoting the series, Amazon could sell truckloads of Tolkien’s fantasy novels, including “The Hobbit” and “The Silmarillion” as well as “The Lord of the Rings.” During meetings with the Tolkien estate and publisher HarperCollins, Amazon’s Sharon Tal Yguado, who was hired from Fox in 2017, demonstrated a near encyclopedic knowledge of Tolkien’s characters, stories and geography, said the people, who asked not to be named because the talks were private. Amazon’s ability to connect content to commerce won over the Tolkien estate. But just in case, to seal the deal, Amazon sent representatives of the Tolkien estate and its law firm, Greenberg Glusker, several crates of brand-new Amazon Echo speakers. Tolkien’s people were flattered, though they also joked that Amazon delivered the home assistants to eavesdrop on the negotiations, two of the people said. The “Lord of the Rings” series will start production in the next two years. The huge investment in a TV series has made Hollywood wonder just how much Bezos will spend on content. So far, Amazon has dabbled across the TV spectrum, with original content such as “Lord of the Rings,” a growing back catalog of movies and shows, as well as live sports from the National Football League and the Premier League. Just last month, Bezos was spotted chatting with NFL Commissioner Roger Goodell at the Super Bowl, a reminder that Amazon has several opportunities in the coming years to make a big splash in America’s most lucrative sport. Meanwhile, The New York Post reported Thursday that Amazon is nearing a $3.5 billion deal to acquire the YES network, the regional sports network in New York that carries Yankees games. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Amazon #PrimeVideo Why Amazon Is Going After Netflix
Views: 354219 CNBC
25-Year-Old 'Nas Daily' Quit His $120K Job At Venmo To Travel The World | My Success Story | CNBC
 
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Nuseir Yassin, 25, left an engineering job at Venmo to chase his dream of making daily one-minute videos and posting them on Facebook. He's found success, gaining over 700K followers and 110M views on his videos. Read The Story Here: http://cnb.cx/2nUQnY6 » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC 25-Year-Old Quit His $120K Job At Venmo To Travel The World | My Success Story | CNBC
Views: 343106 CNBC
The Rise And Fall Of Theranos | CNBC
 
05:56
John Carreyrou, Wall Street Journal, discusses his new book about the fall of Theranos and Elizabeth Holmes, the company's founder and CEO. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC The Rise And Fall Of Theranos | CNBC
Views: 95771 CNBC
Why Walmart Is Failing In Japan
 
06:00
Walmart made headlines in July 2018 when Nikkei Asian Review reported that the company was looking to sell its Japanese subsidiary, Seiyu. Walmart told CNBC it will continue doing business in Japan, but company filings show that it has closed more than 100 Seiyu stores in recent years. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Walmart #Retail Why Walmart Is Failing In Japan | CNBC
Views: 625384 CNBC
What Is A Supercomputer?
 
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China held the lead for the last 5 years, but the United States now has the world's fastest supercomputer. The machine, called Summit, was built for Oak Ridge National Laboratory in partnership with IBM and NVidia, and is designed for AI applications. Today's supercomputers are made up of thousands of connected processors, and their speed has grown exponentially over the past few decades. The first supercomputer, released in 1964, was called the CDC 6600. It used a single processor to achieve 3 million calculations per second. While that may sound impressive, it is tens of thousands of times slower than an iPhone. The Lab Director of Oak Ridge, Thomas Zacharia, says, "I've always thought of supercomputing as a time machine, in the sense that it allows you to do things that most other people will be able to do in the future." As he explains, smartphones today are more powerful than the supercomputers used in the 1990s to work on the Human Genome Project. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC What Is A Supercomputer? | CNBC
Views: 158851 CNBC
The Difference Between The Stock Market And The Economy
 
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Each day, investors are treated to news about the economy and information about how the stock market has done recently. It can be very difficult to process what’s going on because at any given moment in time, there may be very little correlation between how things are going in the real world and how prices are acting on Wall Street. The noted fund manager and author Ralph Wagner once described the relationship between the economy and the stock market thusly: “There’s an excitable dog on a very long leash in New York City, darting randomly in every direction. The dog’s owner is walking from Columbus Circle, through Central Park, to the Metropolitan Museum. At any one moment, there is no predicting which way the pooch will lurch.” “But in the long run, you know he’s heading northeast at an average speed of three miles per hour. What is astonishing is that almost all of the dog watchers, big and small, seem to have their eye on the dog, and not the owner.” I use this analogy all the time to help people understand how the economy and stock market play off of each other. One of the hardest things to do as an investor is to entertain two opposing thoughts in our minds at once, and find a way to keep them despite the cognitive dissonance this can produce. One of the most ironic aspects of investing is that the greatest gains lie ahead at times when things are bad, but not quite as bad as everyone suspects, and slowly, almost imperceptibly getting better. This is the moment when assets are selling at discounted values and the opportunities are laying at our feet, there for the taking. Conversely, the worst time to invest is once everyone agrees that the environment is terrific and that the gains will continue as far as the eye can see. It is at this moment we find ourselves paying up for assets and competing with lots of other buyers. But most of the time, neither the economy nor the stock market is as good as it could get, or as bad as it could get. Typically, the economy trudges along a straight path for years at a time and it’s the stock market that is easily excitable, ripping to and fro based on the latest information to hit the tape. Over longer periods of time, we do see a correlation between stocks and the economy, but over periods of less than a year, there is literally no rhyme or reason for what has happened. All explanations are simply ex post facto; an expert grasping at straws to assemble a reasonable take on what has occurred, and why it ought to have been obvious to everyone. Understanding the economy is a helpful exercise. Placing market bets as a result of this understanding is a carnival game on the midway. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #StockMarket #Economy The Difference Between The Stock Market And The Economy
Views: 91243 CNBC
The Money Behind March Madness
 
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March Madness is one of the biggest events in American sports. Sixty-eight college teams get invited to the Big Dance, but by early April, there's only one team left. The tournament may be about upsets, underdogs and uplifting narratives, but it's also about the money. The NCAA's Division I men's basketball tournament draws in millions of viewers and rakes in more than $800 million each year from its television deal alone. That makes up more than 75 percent of the association's yearly revenue. But it's not just the NCAA that makes money. The coaches are often the highest-paid public employees in their state, and gamblers also stand to make big returns on risky wagers. The NCAA did not return CNBC's request for comment. Watch this video to find out more about the money behind March Madness. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC The Money Behind March Madness
Views: 239322 CNBC
Want To Be A CIA Agent? Here’s How To Become A Spy | CNBC
 
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CNBC’s Kate Roger visits CIA headquarters to see what it takes to work for the storied spy agency. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Want To Be A CIA Agent? Here’s How To Become A Spy | CNBC
Views: 78507 CNBC
How JetBlue Is Challenging American, United and Delta
 
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In just two decades, JetBlue Airways became a major mainstream player in the U.S. airline industry. But in 2018, its shares plummeted. To keep up in the big leagues, JetBlue is aggressively trying to raise revenue and keep a lid on costs. JetBlue Airways is looking more like its bigger competitors these days. Plans for the New York-based airline were unveiled in February 1999. JetBlue took its first flight in the winter of 2000, vowing to "bring humanity back to air travel." Now entering its third decade, it is adopting measures used by some more established airlines to drum up revenue and please skeptical investors as its stock price struggles. Increasing baggage fees? Check. Plans for a no-frills coach service? Check. Chasing those lucrative business travelers? Check. Slimming down corporate-office ranks? Check. JetBlue's challenge is holding onto its quirky culture and succeeding at airlines' tough balancing act: keeping investors and passengers happy. "We're exiting that awkward teenage stage and becoming adults," said Joanna Geraghty, JetBlue's president and COO. Despite updates like new planes and cabins, JetBlue wants to hold onto its customer-focused approach that won it a loyal following. "Customers expect good service, and when they don't get it, they're vocal about it," said Geraghty. Armed with a fleet of brand-new Airbus jets, each outfitted with leather seats and individual screens offering satellite television, JetBlue was the brainchild of serial airline entrepreneur David Neeleman. He'splanning to launch a new U.S. airline. JetBlue took its first flight on Feb. 11, 2000, from New York's John F. Kennedy International. The carrier's bet on JFK was a gamble on whether travelers would trek out to an airport more known for international service than for short- and medium-haul flights. "The joke was you could bowl down the runway," said Mark Ahasic, who joined JetBlue a month after its first flight and stayed on for more than six years helping to plan flights and run operations. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC 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: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #JetBlue How JetBlue Is Challenging American, United and Delta
Views: 522824 CNBC

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