last september, one of the most pernicious ransomware attacks in history was unleashed on mgm resortsthe hotel and casino giant more than $100 million. it disrupted operations at a dozen of the most renowned gaming palaces on the las vegas strip, mgm grand, aria, mandalay bay, new york-new york, the bellagio. anthony curtis is a las vegas fixture. he's so good at counting cards, he's been banned from card games here. now he published the "las vegas adviser," a monthly newsletter on all things vegas. >> incredibly, when it happened, i was in an mgm property, and it happened while we were having dinner and there just began to be a rumbling that something was going on. when i went down into the casino, i could see then that slot machines were sitting dark, people were scrambling around. the shutdown was starting to take effect. >> across the vegas strip, thousands of slot machines suddenly stopped paying out. >> so all of a sudden now people are going, how do i get my money? what's wrong? and the people were sitting there waiting and couldn't get paid. >> were they angry? >> they were ge

mgm resort will launch bet mgm as a stand alone company.r the way it does in the u.s. how who you partner with matters? >> there is a local partnership requirement here which is important. you mentioned bet mgm. they are partnering with a local media company. that is similar to the sports betting and spots media. certainly, it matters who you are partnered up with. in the behemoth as bet 365 is one we have to watch out for as well. i'm interested to see what draftkings is doing. on the earnings call, they would be less likely to do it organically. i would not expect them to apply for a license while the u.s. market is still half of the country has access to sports betting. there is still a massive opportunity here in the u.s. that's one of the things we see draftkings do is narrow down the focus and core operations here. not saying brazil is not on the table eventually, but a longer-term opportunity through m&a than applying for a license today. >> we have seen the total addressable market estimates change for the united states. what do you

traditional gaming stocks that have sports betting operations like mgm that is a partner in bet mgm,, they are all down double digits in 2024. so, not necessarily a touchdown nonot one when you look at all of the charts, i am sure carter knows the charts, they all look terrible. there is some volatility in some of them. a declining tread line. i go back to the traditional names to the vegas to the mgms. to, a different sort of brick and mortar and all of them have these sort of online presence as well. but, as you cover in-depth a lot of these can not make the money or they can make the money but does not move the needle as much as the online direct play. >> while you are seeing with m -- mg m and cesars it is a rebrand, they are offering new offerings and technology paying off. cesars has the biggest rewards program in the business and mgm can offer its customers go stay at the bilogio if these are the rewards you want to spend. they have something that the giants in sports betting don't have. >> no question. and, if you know your vegas you know you should pay the gaters this weeken

a big announcement from mgm resorts. first nevada firm to launch a single wallet on the mgm platform. we have contessa brewer here with more to tell us about the platform. >> reporter: it makes it easier for customers to play. bet mgm single wallet is a big idea. the online platform won approval from regulators. someone who uses bet mgm, say in new jersey, can go to nevada and gamble. the winnings then stay in their wallet online. again, a big win. nevada was the last holdout for bet mgm. regulators are tough. with the new permissions, the customers without a nevada account have to sign up in person in nevada or, if they already registered in nevada, they can update the app. this is a competitive advantage. the biggest strip operators consider their rewards program to be crucial to their success and regional casinos and online operations. caesars doesn't have an online wallet. they will promote one for the nfl kickoff and hoping to complete that new year's. the online leaders, fan duel and draft kings, don't operate in n

mgm's china revenue soared 37% year-over-year, but investors are focusing on softness in bookings aroundg formula one race in las vegas. the vegas grand prix takes place the week before thanksgiving, so there's still time for that narrative to change, but for now, mgm resorts down to $36 and change. moderna coughing up all of its gains this year and more. the vaccine maker falling 20.75% to a four-month low and on track to post its worst day on-record. this after the biotech did post a narrower than expected profit loss and nearly doubled analyst sales estimates. the company slashed its 2024 sales forecast by up to 25% on lower covid vaccine demand, and here is what's also really tanking the stock. very low european union vaccine sales are anticipated. shake shack shaking up the burger wars. shares are jumping 5.75% after the fast casual burger chain said earnings rose 50%, 5-0 in the quarter. this just as mcdonald's and wendy's rushed to offer value meals. well customers weren't rushing there, they were rushing to shake shack pumping sales, and they also opened 12 new company-operated l

we see it with us at the mgm grand.t did very well so far for the whole year, but the average check is maybe $60 where the average check elsewhere is $150. so i think that top line $150, we have to think a little bit, how can we give people options where they can spend maybe $100 or $80 and still get in the door, have a decent bottle of wine or a cocktail so we can keep employees and hopefully people will start going out morgan. >> i want o end with a question that will probably take one hour to answer, but take your quickest shot. i have had a longtime academic interest in what separates companies like yours that have been able to sustain excellence over a period of decades. you began in the early 80s and you remain relevant and successful throughout that time. there are others, as well and other individuals who will become exemplars of sustainable excellence like lorne michaels at saturday night live or bob auger. what would you say is the culture of excellence you have been able to foster? how do you explain your end

jackson previously had a las vegas residency at the park mgm back in 2019. tmz says it's expected to be a short stint, packed with hits, had ten number one hits. >> she has over 28 top ten hits on the billboard charts, so this is going to be a show, i'm guessing showcasing all of those hits from from the early part of her career to the end of her career or currently during her career. right now. >> tmz says celine dion is also about to finalize the residency deal at that same venue, likely kicking off late this year or early in 2025. and you can hear about the west coast top stories every weekday right heron ktvu. west coast rap with alex savage airs at 7:00 monday through friday, or you can find round the clock coverage at west coast rap.com, new at 11 british dj and actor idris elba abruptly canceled his set at outside lands just three days before the san francisco festival is set to get under way. >> elba, sharing the news on instagram today, citing unforeseen circumstances as his reason for canceling the three day festival, kicks off in golden gate park

. >> i would say when we saw outages at mgm reports, a company i covered last year with a cyber intrusionat we heard on the earnings call is what their expectation was for insurance kicking in and covering some of the business disruption that happened, and we may get some of that color. have you been able to determine how much of this lands at crowdstrike's feet and how much of this may get picked up by their policies? >> sounds like it's mostly going to be on the policy side. it sounds like crowdstrike is going to be protected for the most part. there will be payouts for sure. delta, and there will be one-off cases. for the most part, customers were back and running within 24 hours. a lot of them have a 12- to24-hr period. >> what's the big effort thing crowdstrike can stay that will invest enthusiasm for the stock itself? >> oh, wow. that there wasn't any real financial impact. you're not going to see a hit to margins, cash flow. the directory is not going to be impacted. but i doubt that will be the color that they brought us. >> what's your prediction? >> it's going to be ar. net new

lauren: it's down 15% in july from last year and statewide see mgm and cesars and sands all down.n: then okay, you go up and see it and casinos go cold. stuart: 15% decline, that's a lot of decline. okay. jm shmuckes. lauren: they cut end sale and forecast and customer is cost conscious and trading down, cheap reer folgers coffee and snacks and customer is watching wallet and trading down to cheaper brands. stuart: thank you, lauren. new poll in the wall street journal shows most people think the american dream is out of reach. they're losing hope about ever owning a home. jd vance raising concerns about social media and the press. >> these companies are too big and too powerful, especially the ones that censor the american people. stuart: kara frederick worked at facebook and we'll get her take. internet service providers being attacked and happened four times since the beginning of june. is shy that testing us for a bigger attack later? that's coming up next. ♪ daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's

with flutter and -- well, fan duel and draft kings running neck and neck here and bet mgm working to insists it has the edge and will maintain it. we see the stock up on the day about 2%. >> see what earnings deliver. contessa, thank you. contessa brewer. we're approaching the close here, mike. we've got a dow that's good for almost 400 points. as you said, 5400, we've eclipsed that. >> yeah. >> now on the s&p, we've passed the ppi test. now we need to pass the cpi one in the morning. >> we do. even as much of as i thought that the inflation numbers, as long as they were mostly in line and stayed out of the way, we'd be fine. we probably got our hopes up after ppi that you're going to see further encouragement. not saying you're going to get that. i feel like the bond market is already there. i'm he not sure. once you are pretty sure the fed's going to cut, you're mostly rooting for the economy to hang in there, not for inflation to plunge. it doesn't hurt. i also probably would have said that about weekly jobless claims and that ended up being a bullish catalyst. what's interesting,

mgm resorts warning that the grand prix in november may be a head wind. cutting its forecast. hilton giving weak third quarter earnings guidance and slashing its revenue forecast, as well. hyatt gave a weak full-year profit outlook, and marriott fell short of the street estimate, which brings us back to airbnb. they expect revenues of $3.7 billion at the mid to-point of range. every single company that's reported in the last two weeks has cut their outlook for the key metric of revenue per available room, pair that with the poor earnings guidance this season, and it paints a break picture for the travel industry. one of the places, tyler, that was supposed to be a big benef beneficiary. >> more and more companies getting tentative with their forecasts for the future. let's do a cnbc update now. in a pretrial hearing today, attorneys for the alleged 9/11 conspirators at guantanamo bay say lloyd austin violated military rules stopping a plea deal that would have spared them the death penalty. he said he believes the american public and the victims deserve a

mgm resorts said it's concerned about flagging result sales for its formula 1 race. remember that? that was such a huge hit. the rooms went to absurd levels. and maybe that's what's happened, that's why the stock's down 13% today. you have to wonder if it's a big deal, i don't know, i call it disconcerting. of course there are other signs of weakness that are obvious. china. one more horrendous day for anybody connected with china. i measure the health of the chinese economy by looking at the baltic freight index which gives you shipping rates and they've now been down for ten straight days. you think china couldn't possibly be so important for apple, though, and the chinese economy let's say i don't know how it can get back on track. i don't see it. i'm sick and tired of seeing it might be stimulus. i've given up on that. in large part because the chinese communist party doesn't seem to believe in stimulus either. sometimes i don't want to overthink this. you can tell how much fear there is by looking at what's going higher. both proktder & gamble and kimberly clark reported bad q

times reports that the competition with ag of with mgm studios has resulted in contestants suffering from injuries. they didn't get adequate medical care receive enough food. others complained not getting much sleep. a spokesperson for mister bee said they are reviewing those claims and dennis customers hopping mad over a huge price increase at one of its california restaurants. now a recent post on social media shows a picture of the lumberjack slam breakfast. it has 2 of everything. 2 paying takes 2 bacon strips, sausage eggs, hash browns and toast for $17.99. just a few years ago is 5.99. so a 200% increase from a decade ago live from the nasdaq market site. i'm jane king. back all right. thanks. a lot of change. >> 7.19, is the time a new plan could help tens of millions of people wipe away their student loans. with the latest push from the biden administration. so the education department began emailing borrowers who have at least one federally held outstanding student loan, letting them know about this potential upcoming relief and to give them the option to opt out if they so

has reportedly been hired to play the legendary oakland raiders coach and sports broadcaster in a new mgme directed by david russell, the filmmaker behind such hollywood hits as silver linings playbook and american hustle. there's no word yet on when filming will begin, or when the madden movie is scheduled to be released. >> a little taste of fall coming our way in time for the weekend. temperatures are expected to drop off dramatically, especially for inland cities, down by five even ten degrees or so, giving you a look here over. we've got golden gate park and view san francisco, ocean beach and you can see plenty of sunshine out there today. storm tracker two we've got this trough here that is going to be strengthening and deepening as we roll through the next few days, and that will keep our temperatures down even below average into the weekend. and then they'll be a modest rebound in the extended forecast. i'll show you that here in a moment. but if you take a look at the trough here as we get into saturday, sunday, monday, tuesday, wednesday, kind of holding on to that pattern ther

her previous vegas residency was at park mgm in 2019.t another songstress is also coming to resorts world. you've heard this right? tell it. oh, that's selena supposedly coming there. oh, but that's all. still rumor that hasn't been confirmed. okay, but can you imagine? know a janet and celine? want to punch uh? >> how? that would be the best weekend. >> you would knock me out. >> now you would want to go see janet first and then celine. >> i want to see both, because famously, none of. oh, on the weekend, i doubt they would be back to back in the same theater. they have to switch stuff out. >> yeah. oh, you said the same theater. okay. >> the same theater? >> yeah. >> i was thinking i was gonna have a whole get my life weekend. >> oh, no. >> because there would be at both at resorts world, i think. yeah, but janet came here during the week, like, everyone seems to do a wednesday, and so we couldn't see her. so i'm excited if she comes to vegas and celine and celine. >> i am still crying from that olympics performance every time i watch

they stayed at a friend's condo, at a motel 6 down the street from the mgm. >> why aren't you just runningand i kind of lied to them and told them, i know people that can get you jobs that you don't really need an i.d. if they would just let me go. and i left and they said that they would be watching me. they had kelsey's friend drive me to back to vegas. i got my dog snickers, and i got a hold of my mom. >> what was it like to have to tell your parents what had happened? >> it's horrible. it's horrible, because you're terrified, and you can see their terror. so we went and turned myself in. >> well, eventually we learned that diana pena is a key piece in investigators learning exactly what happened. in time, she takes a plea deal. her charge is reduced from murder to accessory to murder. and part of that is because she's agreeing to help police and prosecutors piece together the moments of dr. burchard's death. >> once police get kelsey in custody, logan finds his way back to las vegas, and ultimately, police arrest him here at his mom's house. >> in july of 2022, kennison ultimately pled

has reportedly been hired to play the legendary oakland raiders coach and sports broadcaster in a new mgmdirected by david russell, the filmmaker behind such hollywood hits as silver linings playbook and american hustle. there's no word yet on when filming will begin, or when the madden movie is scheduled to be released, but boy. just a beloved yeah person, especially here in the bay area. >> can you picture nicolas cage as john madden? >> i mean, nicolas cage can do anything. >> he's. >> i was going to say, though, i can see the resemblance there. i could see why he was being cast. okay. it'll be interesting to see. it'll be fun. yeah. let's talk about traffic, because the roadways overall are in pretty good shape. we have maybe a little bit of a friday light commute for folks out there, so we can show you what it looks like on the maps here. there is a stalled vehicle on northbound 880 at mallory avenue. it doesn't look like it's blocking things and slowing anything down because of the overall light traffic. there's also a crash on warm springs road. 262 san mateo bridge. traffic moving