tv The News With Shepard Smith CNBC November 9, 2021 4:00am-5:01am EST
i'm natalie morales. thank you for watching. 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 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 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
♪ ♪ >> 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 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 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 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 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. 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 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 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. 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 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. meet stuart and byron, owners of sml, a tiny home architecture firm. they were getting ready to travel to portland, maine for a pitch when their 3d-printer broke. luckily, sml is with american express business platinum, and has access to over $1000 in value per year with the business services suite. so they got new software and created a full augmented reality experience. sml won the pitch, and with their membership rewards® points, extended their hotel stay for a few extra days. they had a whale of a time. get the card built for business. by american express.
♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ . 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 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 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 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 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 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 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
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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 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 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 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 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. but it's only human... to know how far we have to go. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry
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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 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 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. 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 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 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 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 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. >> 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. >> 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 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 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 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. 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 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 or
the biden administration is now sending top cabinets officials to towns and cities acr across the country to sell its monoyumtsal win over the weekend, the bipartisan infrastructure package the house finally sent that $1.2 trillion bill to the president's desk late friday night with the help of 13 republicans who crossed the aisle. congress now has a grueling few weeks ahead to try to tackle the
other half of the president's agenda, the social spending and climate bill house leadership says it will try to approve that package next week once it returns from a week long recess, but a self-imposed thanksgiving deadline is looming. nbc's sahil kapur is with us democrats still have a lot of hurdles to clear. >> that's exactly right. the first hurdle they have to clear is the official score from the congressional budget office, the nonpartisan scorekeeper in congress that analyzes legislation. five centrist house democrats, and let's put their names on the screen here, have demanded that vote before they consider supporting this build back better legislation they want to make sure it matches up with the white house projections that it has paid for. if this does come, and it's expected sometime in the next few days or the next week or so, they can get this out of the house and pass it by thanksgiving before thanksgiving, because these five democrats have committed to do that that's just the beginning. then it goes over to the senate where it's going to get what's known as the birdbath where you
cleanse it of all of these provisions that don't comply with the rules, republicans can raise a point of order against anything, and the par limtstarian, the senate referee is going to have the final word, and there are issues joe manchin has some provisions of the house bill including four weeks of paid leave he's not a proponent, and doesn't believe it should be in the bill the bill is going to have to be paired back to meet manchin's demands, then back to the house of representatives they have to mandate a government funding deadline in december, december 3rd, have to pass a bill or the government shuts down the debt limit, there could be a melt down if congress does not vote to raise the debt limit that's coming up in december a couple of very important weeks coming up ahead before the end of the year for president biden's agenda, shep >> sahil kapur, thank you. a new form of inflation is hitting american shoppers, causing them to get less for their money.
we have reported on the sticker price shocks, the annual inflation report at 5.4% a 13-year high according to the bureau of labor statistics, but there's another phenomenon that isn't so easy for the government to calculate, skipflation, a term for when companies skip out on the quality and services of the goods they provide to save money, and people are seeing it everywhere from airlines to restaurants to even the happiest place on earth here's nbc's kerry sanders. >> reporter: skimpflation, you know it when the business seems to be skimping on quality customer service book a flight online, and then make a call to change your ticket it can feel like the airline is skimping out because you're on hold for hours do the airlines skimp by not hiring enough humans to answer phones want to order a pizza, expect to wait and wait and wait at dominos, driver shortages are reportedly leading to longer
delivery times even at the so called most magical place on earth, the rides are back in action, the monorail humming, but a key convenience for park goers, the parking lot tram still has not resumed since pandemic cutbacks and closures some park visitors must now walk nearly a mile in each direction from the parking lot to the magic kingdom. >> that walk can be brutal if you have been in the theme parks all day walking all day long, you don't have anymore energy left so those trams are missed. >> as businesses adapt to a post pandemic markets place, consumers report finding services they remember now gone. >> if an organization is not expending the effort to really listen in and then deliver personalized experiences they're just going to miss expectations and satisfaction is going to be very low >> three years ago, acsi
reported overall customer satisfactions in the u.s. began falling. the pandemic only accelerated that decline satisfaction levels now at their lowest in 15 years in the hospitality industry, hotel rooms may go uncleaned during multiday stays. that personally made omelet at the hotel breakfast bar now in many cases no longer exists. at restaurants where wait staffs are thin, surveys find customers less satisfied with the service and in turn, diners say they are like r less likely to return. >> i'm short 25 servers now. >> the stress kicks in at the peak hours whuen you want to mak sure you can take care of the customers that you have. >> what's to blame >> what i hear from business leaders every day is they are all struggling with the competition for talent they can't find the people they need. >> new research finds annual losses of $1.9 trillion driven
by frustrated customers who say they won't come back for the news, i'm kerry sanders. well, what time do you fall asleep there's a new study that says there is an optimal time to do so and it's bad news for both early birds and night owls so what's the sweet spot and the manning brothers, they're used to throwing touchdowns, now casting spells e we cseames
crypto watch, the price of bitcoin hitting an all time high tonight after surging more than 8% incredible numbers investors, of course, can get in on the crypto surge by buying bitcoin from atms, they're in spots across the country they accept cash for digital ku currencies, but the fbi is warning about a major crime with
criminals targtsing crypto atms. amonojavers report, cash in, fraud out. >> welcome all of you to the city of miami, to bitcoin 2021. >> here at the country's largest bitcoin conference in miami, nearly everyone is talking about cashing in on the crypto craze >> we're the first bitcoin atm, company trying to push education. >> you can do that in any transaction. >> any wallet you would like to use to store your cryptocurrency. >> reporter: and crypto atm companies who make their money by charging a premium on each transaction are a growing part o. industry. with more than 26,000 kiosks around the country, these machines are a huge convenience and also they can be a huge target for fraud how easy is it for criminals to exploit these machines. >> seems like it's very simple. >> reporter: lisa is council for the new jersey commission of investigation which looked into bitcoin atms finding many operating with virtually no oversight. even though their owners must
register with the u.s. treasuries financial crimes enforcement network. >> there's no i.d. collected, there's no photo taken, there's no address. >> reporter: and that opens the doors for criminals? >> yes >> reporter: and what do they do with it? >> anything from money laundering, dark web fraud, scams. >> reporter: the new jersey commission's report found more than $70 million deposited for cryptocurrency purchases between 2015 and 2020. many companies allowed customers to buy up to $900 worth of cryptocurrency with only a cell phone number or no information at all >> is that a bad idea? >> based on what we found, yes, because it could be any name, and your cell phone number could come back to anybody >> reporter: which is handy for drug traffickers, and money launderers who the dea says are using the machines to aid in the movement of bulk currency. we wanted to see how easy it was to buy bitcoin with just a phone number, so a cnbc producer tested it out at this machine in
a new jersey vacconvenience sto. after getting this text warning about crypto scams, it only took a few minutes to complete the transaction. a spokesperson for the companies who run the atms say they take knowing customers' items seriously, and will only allow transactions with a cell phone number if they can verify who is buying crypto. if not, the machine will ask for an i.d. >> somewhat of a wild west. >> reporter: mark grens, cofounder and president of digital mint, a chicago based company is trying to clean up the crypto atm industry. >> these customers believe they do not want to be victims, and they would state i'm going to go to other bitcoin companies who don't ask me questions, and let me purchase whatever i want. >> reporter: a compliance cooperative to develop universal standards. one company found nearly 75% of the elicit funds wound up at fraud shops which are sites on the dark web that sell stolen credit card information. to buy crypto, digital mint
requires customers to provide a government issued i.d. that it verifies plus a phone number one of digital mints's competitors coin flip also based in chicago the company allows someone to purchase $900 in crypto with just a name and phone number higher amounts require more identification. >> is that safe? >> it's 100% safe. >> why. >> if you're sending bitcoin to someone you don't know, you have the same problem >> coin flip wants to offer services to a wide range of customers. >> we want everyone to be able to buy $50, $100, $200 of bitcoin regardless of their immigration status, and regardless if they have an i.d everyone who wants access to bitcoin deserves to have access to it. >> we know how this system works. you know, we have been doing this for six years we know how to keep people safe. >> new jersey now has pending legislation that would require all crypto atm operators to get a license in the state around the country, regulation
varies widely with some states requiring a license, while others have no oversight of this industry whatsoever, shep. back over to you >> eamon, thank you. if you go to bed between ten and eleven, you could be doing your hearts a favor. a new study published earlier this hour shows if you go to bed between 10:00 and 11:00, that could lower your chance of developing heart disease the study suggests going to bed before or after that time frame is more likely to disrupt the body's natural clock researchers say they found people who go to bed after midnight have a 25% higher risk of heart disease,s risk theerl the same for those who go to sleep before 10:00 p.m heart disease is the number one cause of death in the united states the fifth leading cause of death is strokes researchers have long linked fat in diets to risk of stroke but a separate study presented today analyzed 27 years of data and found the type of fat matters more than how much of it you consume. researchers say people who get their fat from animal sources
rather than vegetables face a higher risk of stroke. so meat fat no, vej fat yes. sports fans love a good old fashioned curse, the curse of the bambino, or madden video game curse, now nfl watchers may have a new hex to look out for, it's being called the manning cast curse so far every active player who's appeared on espn 2's all the monday night football broadcast featuring peyton and man ely end up losing the following week, travis kelce, russell wilson, gronk, matthew stafford, tom brady, and the newest one buffalo quarterback josh allen the jaguars upset the buffalo bills, six days after allen's appearance on the manning cast will the curse konts the manning brothers are off
to tonight but their broadcast is scheduled to return next week. 40 seconds left on a race to the finish a. criminal investigation underway after the stampede killed eight people during the travis scott concert at astroworld, the united states limiting travel band from vaccinated tourists for 33 countries, and the congressional committee investigating the january 6th insurrection at the capitol issuing another round of subpoenas for top trump aides and associates, among them his former campaign manager, and ex-national security adviser michael flynn. and now you know the news of this monday, november the 8th, 2021 i'm shepard smith. i'm shepard smith. follow us on instagram and i'm shepard smith. follow us on instagram and meet chef clem, owner of doughn't be sour, a sourdough doughnut company. she was flying back from a conference, when she got a text: she needed a bigger fridge asap if she was going to fulfill her orders. so she used her american express business platinum card® to earn more points on the big-ticket purchase.
it is 5:00 a.m. at cnbc and here is your top five at five. let the record rally melt up, roll on as stocks do something for the first time in more than 23 years social media echo chamber, regulators out with new warnings about meme stock madness, the retailers behind the trade and the risks it poses to the global financial system. robinhood disclosing details of a cyber hack. knnetflix taking on tiktok and it's not just stocks we have our eyes on y a