cnbc's diana olick now with an international edition of her series of reports on rising risks. >> reporterastle stood watch for social wars and revolutions. it is a testament to time itself but time may be running out. >> when we have extreme rainfall events that we haven't seen in our time, our lifetime or recorded history, then we're not actually even sure what might happen to some of these buildings. >> reporter: just this past july, a freak storm dumped more than a month's worth of rain on scotland in barely a day, doing serious damage to edinburgh castle. >> that had quite a significant effect in terms of damage to the structure and interiors. so we have been working really hard to remedy that. but we also need to start thinking about how we react in the future to an event like that, given those events are becoming more frequent. >> reporter: scotland's ten warmest years have all been in the last three decades, at least since they began tracking this in 1884. warmer temperatures caused heavier rains and intensity of daily extreme rainfall events over edinburgh are expected to increase

that can adapt a product supply chain in a matter of moments, there is money to be made, shep >> diana olickle 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

diana olick is here to take a look >> can i get a cup of coffee. >> reporter: you have got to give to cup all day? >> yes, you can. it is your cup. >> reporter: are people willing doing it >> everyone is doing it. >> reporter: they are trying it is not just reusable cups everyone gets a water bottle to fill for the duration. need to charge up, hit a solar powered green booth. even the food. suppliers are based within 100 miles of glasgow, reducing the distribution footprint the confused it self for get the calories has a carbon count the furniture? sponsored by ikea, a sponsor of cop26. >> bringing the furniture to the cop it is not ending with the cop itself we are working to donate later all the furniture to the people in need. >> reporter: all that is all good but here comes the not so good 10,000 people, and that's limited by covid restrictions, are in this venue every day. and they came in from all over the world. >> kenya i live in kenya. >> reporter: most of them by plane, and a lot by private jet. there were a plethora of presidential motorcades and a whole lot of carbon emitt

diana olick spoke to him at the u.n. climate summit in glasgow that's an interesting conferring can we support all of these charging stations? >> exactly today volvo, which just went public announced it is signing on to the glasgow declaration a commitment to phase out fossil fuel vehicles in leading markets by 2035 and globally by 2040 the industry said it needs to develop cars now that it will sell five years from now because he is vinced consumers will ultimately prefer electric cars? i think that's the bouty of electrification. it is not just solving an environmental problem. it's also developing better, more attractive cars which will of course then speed up the whole process >> if that ev goal is reached by 2040 by the new signatories as well as existing pledges then one out of every three car stales would be electric but samuelsson warns, the infrastructure needs to catch up. >> i think we need to see action from energy companies, how are we -- where are we going to get the energy to charge awful these cars it can

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diana olick joins us with the details. th is officially in the double digit for single-family homes, just over 10% in september year over year, according to core logic. compare it to barely 3% annual growth a year ago. more jobs and sky-high prices in the for-sale housing market added to strong demand for single-family rentals fuelled by the pandemic vacancy rates are around a 25-year low. once again, it is the supply/demand imbalance pushing prices while rents are rising is all tiers, the priciest is seeing the biggest gain miami is topping with rents up nearly 26% from a year ago followed by phoenix, vegas, austin and san diego it is likely the top three are getting a boost from a return of the tourism industry austin is seeing a huge influx of tech workers. bottom of the ladder, chicago, boston, philadelphia, washington, d.c. and new york city, just under 5% growth from a year ago d.c., washington and boston had high rents and chicago and philadelphia have higher than average unemployment kelly. >> i guess from that poin

as we all know politics tend to get in the way of pledges, shep. >> diana olick, early this friday morningglasgow. >>> two major cellular providers hitting the pause on rolling out 5g service the concern over airplanes slowing things down. >>> will the january 6th committee get access to president trump's document that he doesn't want them to have a judge heard arguments today and appeared skeptical of certain requests from both sides. >>> the owner of the phoenix suns now under investigation the nba making the decision just a few hours ago. allegations of racist and sexist behavior the report at the center of it all, as robert sarver says he welcomes the inquiry that's next as we approach the bottom of the hour and the top of the news from cnbc. ♪ and i'm gonna keep on lovin' you, ♪ ♪ 'cause it's the only thing i wanna do. ♪ turns out everyone does sound better in the shower. and it turns out the general is a quality insurance company that's been saving people money for nearly 60 years. ♪ 'cause it's the only thing i wanna do ♪ shaq: (singing in background) can't unhear that. for a great

here's cnbc's diana olick. >> reporter: at the pie shop in d.c., thanksgiving orders are all filled andcking up, but so are the prices. >> i would say there are a number of ingredients that on some weeks are almost double what they were last year. >> reporter: some of that is due to climate change. take the crust wheat prices are at the highest level since 2012 and up over 10% in just the past month severe drought in the u.s. west and northern plains caused what the usda is estimating will be the worst wheat production in nearly two decades those high prices for wheat as well as alfalfa make feed costs higher, causing dairy prices to rise cows also produce less milk during droughts. even honey wildfires in the west left honeybees with nothing to eat. states like montana, utah, california and colorado suffered huge losses of honeybee colonies due to disease, starvation and weather. and it's not just domestic products prices for vanilla from madagascar and chocolate from brazil are also rising due to severe weather and flooding. >> now we worry about freezes in brazil even more than we di

as we all know politics tend to get in the way of pledges, shep. >> diana olick, early this friday morninglar providers hitting the pause on rolling out 5g service the concern over airplanes slowing things down. >>> will the january 6th committee get access to president trump's document that he doesn't want them to have a judge heard arguments today and appeared skeptical of certain requests from both sides. >>> the owner of the phoenix suns now under investigation the nba making the decision just a few hours ago. allegations of racist and sexist behavior the report at the center of it all, as robert sarver says he welcomes the inquiry that's next as we approach the bottom of the hour and the top of the news from cnbc. i suffered with psoriasis for so long. it was kind of a shock after i started cosentyx. i'm still clear, five years now. cosentyx works fast to give you clear skin that can last. real people with psoriasis look and feel better with cosentyx. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections --some serious

we are expecting to see larger-scale protests here as the week goes on shep. >> diana olick live forlasgow. >>> chaos for american airlines. long lines of passengers, as hundreds and hundreds and hundreds of flights were cancelled. and it happened over a pretty regular weekend. so, what should we expect for the holidays >>> plus, the passenger accused of punching a flight attendant breaking bones in her face now, he's facing charges are the things america makes out here. the history she writes in her clear blue skies. the legends she births on hometown fields. and the future she promises. when we made grand wagoneer, proudly assembled in america, we knew no object would ever rank with the best things in this country. but we believed we could make something worthy of their spirit. but we believed we could make ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ 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 emi

you >>> world leaders are gathering in scotland for the united nations climate change conference diana olicks so far. hi, diana. >> hi. more than 120 leaders are here and speeches kicked off two hours ago. president biden arrived without a deal in congress on his spending framework which includes more than half a trillion towards climate that plan in limbo the president was expected to speak by now, but the conference is running late due to just the sheer number of people attending as well as protests outfront absent at this conference is china's president xi expected to send a written statement after today's speeches china is the world's largest emitter of greenhouse gases heavily dependent on coal. it did not ub mitt an agrees serve plan, saying it would stop increasing emissions by 2030 and net zero 2060. that will not get the earths to the 1.5 degrees celsius warming set by the paris agreement most of the leaders so far today have appealed to each other, britain's prince charles focused on the private sector and specifically corporate ceos. >> we need to align private investment behind t

. >> diana olick, live for us in or it could be the day there's a cyberthreat.you the power of sd-wan and advanced security integrated strength isn't a given. it's grown. ing at your full financial picture. strength isn't a given. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity. its schedule yesterday here you can see long lines at american counters in los anthree airlines suffering mont apart. what's up here >> the biggest problem is these airlines are tightly staffed and they got their schedule set because they don't want to leave potential revenue on the table they want to offer as many flights possible when there is a major weather event. and last week in dallas was high winds for weather. crews were out of place and they can't get back in place. you had hundreds of flights and thousands of flights that are cancelled because it takes that lon

in scotland, here's diana olick. >> reporter: the green goals are ambitious at cop26 volvo announcedlasgow declaration, a commitment to phase out fossil fuel vehicles in leading markets by 2035 and globally by 2040 if that's reached by 2040, then one out of every three car sales would be electric. the infrastructure needs to catch up >> we need to see action from energy companies where are we going to get the energy to short charge these cars it can'tbe carbon. it is ham and egg. we have a lot of solar power in the grid >> reporter: and from clean cars to clean planes. >> everybody knows what an electric car is. nobody has seen a clean plane. >> reporter: to that end united airlines announced at cop that it is joining an international alliance along with amazon to speed sustainable aviation fuels. >> we're going to have to make those investments. all of that investment is not going to come from airlines. they've already committed over $4 trillion to finance the green revolution the money is there walking around these halls, the money is there >> the money may be there, but the policy

diana olick. good monday morning. welcome to another hour of "squawk on the street.n brennan and david faber. markets trying to get back some of friday's losses but off the opening high dow up 129 a lot going on as we watch the variant and impact on the economy, public health and rates. >> 30 minutes into the trading session. here are three movers zoom video sliding in reversal from friday. it was one of an array of so-called stay-at-home stocks that are moving lower today as the broader market does rebound from friday's sell-off those shares are down about 3.5% right now. wynn resorts, lower along with the gaming sector of the biggest gambling hubs, biggest casino junket operator, ceo of sun city was arrested over allegations of illegal gambling and money laundering wynn down 1% twitter now halted after david's reporting that ceo jack dorsey is expected to step down he'll have more on that in just a moment but first, moderna is shooting higher again after a 20% gain on friday meg tirrell spoke with the ceos of moderna and pfizer on how the covid-19 vaccine makers pl

diana olick is in glasgow reporting on day one of the summit with headlines even as we are talking. >> that's right. president biden arrived in glasgow without a deal in congress on his spending framework that includes over half a trillion dollars combatting climate change. he said the united states is not only back at the table but leading by example he hounded his mantra that climate change would promote new jobs and on clean energy. >> we must view it as a call to action high energy prices only reinforce the urgent need to diversify sources, double down on clean energy development, and adapt promising new clean energy technologies >> while most the leaders today called on each other for more aggressive climate action, britain's prince charles focused on the private sector saying governments need to work with private investors and build confidence so financial risk is reduced. corporate leaders are already arriving ceos of major companies who will be announcing their strategies and more importantly, their investmentsdiana, president bidd the u.s. is back in the paris agreement and a

. >> diana olick, live for us in glasgow. >>> chaos for american airlines.undreds of flights cancelled. what should we expect for the holiday? >>> the passengers accused of punching a flight attendan it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> thousands of flights cancelled since friday and 400 just today american grounded one-third of its schedule yesterday here you can see long lines at american counters in los angeles, dallas and charlotte. the company reports cancellations yesterday alone affected 130,000 travelers fi officials are blaming the situation on bad weather and staffing shortages other airl

climate summit, but is the conference itself doing more harm than good in glasgow, here's cnbc's diana olick. >> can i get a cup of coffee please >> reporter: you've got to give it to cop26. >> am i supposed to reuse the cup all day? >> yes, you can. >> okay. thank you. are people really doing that >> everyone is doing it. >> reporter: they're trying. and it's not just reusable cups. everyone gets a water bottle to fill for the duration. need to charge up? hit a solar powered green booth. even the food. suppliers are based within 100 miles of glasgow reducing the distribution footprint and the food itself, forget the calories, it has a carbon count. the furniture furnished by ikea. a sponsor of cop26 >> so one of the project of bringing the furniture to the cop is not ending within the cop itself we are, as well, working with the city council, as well as with the uk government to donate later all the furniture to the people in need >> reporter: all of that is all good but here comes the not so good 10,000 people, and that's limited by covid restrictions, are in this venue every day and they

in glasgow, here's diana olick >> reporter: america's abundant farmland is a great absorber of carbonthe plants pulling it in but when the plants die or are harvested that carbon is released into the atmosphere >> it's both a sink and emitter. >> reporter: peter is ceo of charm industrial, it gathers up all the harmful waste like these almond shells, grinds it all up and boils it into an oil and shoots that oil deep underneath so the carbon can't be released. >> so we can capture some ofind all the harmful waste like these almond shells, grinds it all up and boils it into an oil and shoots that oil deep underneat so the carbon can't be released. >> so we can capture som that co2 before it gets reemitted and put it underground so that it reduces the fossil emissions that are still happening around us. >> reporter: reinhardt says charm completed 5,000 tons of carbon removal so far this year and claims that's the most ever captured in that short of a time he's here at cop26 meeting with industry and government leaders as well as customers, where better than at a scottish sheep farm >> we

. >> diana olick, thank you. >>> results coming in right now from the state of virginia where the polls closed 14 and a half minutes ago. here they are. still too early to call according to the nbc news decision desk. but the early numbers go to terry mccauliffe with 54%. the important thing to see at the top there is 1% of the vote is in. remember, lots of early voting in the state of virginia for about a month. the count will come in fairly quickly to start and if someone is lieding very big, maybe there is a decision tonight, and if not maybe there is a decision tomorrow or sometime later this week. >>> a major step forward in the fight against covid. after a unanimous decision from a cdc panel, some young kids could be getting the shot as soon as tonight. >>> time is up the vaccine mandates past due. how first responders are reacting now as punishment starts to kick in for those who aren't rolled up their sleeves. >>> and facebook set to scrap a key feature. the impact on more than 1 billion users. and why the move i >>> across america tonight, many school-age kids could be eligible

dana olick is in glasgow with a look how pepsi and unilever are privating. diana to talk about reducing emissions to slow global warming, but global warm sing here and corporations need to adapt and make themselves resilient from the built environment to the products they sell i spoke with the ceo of unilever which makes over 400 products globally he said the companies history in dealing with global disruptions positions well for climate-related supply chain disruptions. >> it is in our dna to be able to deal with these types of crises what it does is it puts a premium on speed of adaptation so i think every major business was tested by covid. planning became less important than speed of response, and i think the same will be true on the challenges to our supply chain that come from climate change resilience, adaptability >> reporter: adaptation, resilience and getting to net zero will cost companies, large and small, like pepsi, which pledges to be net zero by 2040, but its ceo says rather than a green premium it will lead to green profit >> i think this is a maj

welcome back carbon capture is all the rage when it comes to climate innovation, but does it work diana olicky is trying to use tech to battle climate change. diana? >> agricultural is a great absorber of carbon, but when the plants die, it's hard to release out into the atmosphere. enter charm industrial a carbon capture startup that gathers up the waste or biomass, like these almond shells, then grinds it up, oils it and turns it into an oil which they then shoot deep underground >> we can capture some of that co 2 before it gets reemitted and put it back under ground so it reduced fossil emissions that are still happening all around us >> customers of charm include microsoft, shopify, square, and stripe brian is here meeting with industry and government leaders, like strike's head of climate. over the weekend, at a scottish sheep farm >> we're very focused on delivery and changing the narrative around the industry to one of delivery. but we do need to also scale up demand and supply and there's a lot to figure out. >> these companies use charm's removal as a credit to off set their own car

glasgow, scotland advancing the next generation of climate change tech and that's where we find our diana olicke fifth wall i just spoke to the head of its recently launched climate tech fund >> we did not come up with a climate fund as some sort of a fever dream it came about because our corporate partners came to us asking for help to decarbonize their buildings. >> that's because real estate is one of the worst carbon offenders, correct >> it is that's because the real estate industry accounts for 40% of all the greenhouse gas emissions out there. it consums about 40% of the world's power and 40% of the world's raw materials. >> what are you investing in, where is the money going >> the full life cycle of a building because you can't just look at the operating heating and cooling. we're starting up the raw materials going in and think clean concrete, clean steel. how do you create buildings that are better for the environment from day one mogular construction and 3d printing how do you operate your buildings better. >> what is the competition out there to raise money and get it where you wan

average nationwide a big increase compared to the 2.6% rise over the previous 12 months cnbc's diana olickdriving this? >> reporter: well more jobs and sky high prices in the for sale housing mechanic added to already strong demand for single family rentals that were fueled by the pandemic. vacancy rates around a 259-year low. once again the supply demand imbalance pushing prices higher. while rents are rising in all price tiers, the priciest rentals are seeing the biggest gains. and of course all real estate is local. miami is topping the charts with rent up nearly 26% from a year ago followed by phoenix las vegas, austin and san diego. it's likely those top three are getting a boost from the return of tourism industry. austin is also seeing a huge influx of tech workers at the bottom of the ladder, chicago, boston, philadelphia, washington, d.c. and new york city around 5% rent growths. d.c., boston and new york had very high rents already. some renters moved out to find cheaper alternatives chicago huss had high are than average unemployment so demand not as strong. >> big picture price

. >>> coming up, the final news day at cop26 diana olick will wrap up some of the agreements made and could mean for your investment >>> john deere has options offered by agricultural machinery. we'll geant update on where things stand kw "squawk box" will be right back. . let's go! (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. every day in business brings something new. ( so get the flexibility of - the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> the cop26 summit wrapping up diana olick has been there neary two weeks as world leaders race to strike a climate deal the how would you sum it

i'm diana olick with breaking news from the national association of realtors.to an annualized rate of 6.4 million unit sales down 5.8% year over year there were 1.25 million homes available for sale at the end of october, 12% lower compared with a year ago, represents a 2.4 month supply a 5 to 6 month supply is considered a balanced market between buyer and seller now weak supply is strong demand pushed the price of a existing home, 13% -- 13.1%. sales of homes priced between 750 and 1 million dollars rose 25% and sales of million dollar plus homes were up 31% the realtors chief economist points to an increase of investors likely driven by soaring rents. investors made up 17% of october buyers up from 13% in september and 14% in october of last year. all cash buyers, 24% most investors, of course, use cash and first-time buyers were just 29% of sales compared with 32% a year ago and historically, that should be around 40%. carl, investors knocking out the first time buyers as usual. >> amazing diana, thank you. good monday morning. welcome to another hour of "s

die y diana olick is tracking that julia? >> we'll start on theater stock just they are plummeting the furthest in the space and amc shares falling 7.5%. social stocks are suffering. twitter down the most of the group. shares down 4.5% that's of course dragged down to 52-week low today following the news of the new ceo. snap down 4% and facebook now meta is now down 3.5%. pinterest which could benefit the most from another covid wave is down the least less than 1% the streamers were considered stay-at-home stocks and suffering today. netflix down nearly 3% vimeo down about 4.5%. despite the fact that it would also benefit from a hybrid extended work situation. iac shares, a share stock in the green, up 1.5% i want to point out electronic arts now in the red. activision blizzard down over 2%. >> thank you travel stocks are hit hard right now on the omicron fears seema mody with a look at the biggest movers. >> it is too early to understand the impact on travel hotel occupancy around 61% recent weeks experts are leaning on past

26 climate conference kicks off this morning this is where it gets interesting for big business diana olickoins us from glasgow with everything that's happening there. >> this morning ceos of companies are here getting in deals and making negotiations on the carbon credit market i spoke to the ceo of unilever which has more than 400 brands globally. >> we've come to cop to try to encourage governments to make the type of commitments they need to make and ostry to mobilize the private sector because we find there's this ambitious loop where the private sector steps up to decarbonize our operations the more it involves big government to take steps as well. >> reporter: they plan to become net zero by 2039 and deforestation free in the supply chain by 2023. and claims it will not impact the company's bottom line. >> we don't believe that climate change is a cost to the business we think our brands that address climate change will grow faster we've already seen the data on that we've taken out 1.2 billion of cost through green sources and it's a magnet for talent. >> reporter: he admits there i

leaders will be the ones to actually carry out that work diana olick joins us from glasgow with a specialr: hi, becky today is transportation day at cop26. major corporations in the auto and aviation industry are making new emission pledges one of them is the united airlines, joining us is the ceo scott kirby. thank you so much for being here you signed on with a new pledge with amazon to speed the development of aviation fuels. how close are we actually to getting to that? >> we are increasing stabilization fuel we got to scale it up. it is well higher than the 1%. at american airlines, our commitment is more than double all the rest of the world airlines combined. it's too small this is about a lot of what we have been talking about is how do we grow and build this industry to make it sizable to it makes a difference. >> reporter: you talk about the size, the white house said a goal of 20% and 3 billion gallons of sustainable fuel by 2030 do you think that is doable? >> it's doable it will require government help and support. we hope the fuel credit passes in the house of the senate and

. >>> in the meantime, let's go over to diana olick with the latest mortgages >> we are seeing a hugeeason mortgage applications rose 5% from the previous week according to mortgage bankers association, still 4% from a yeemplg last year was off the rails when it came to demand that was the 30 straight weekly dane buyers may be rushing in because they're concerned mortgage rates will move higher than they have in the past month. take a look at that. they rose last week for conforming loan balances increased to 3.24% from 3.20% for loans with 20% down payments reits were 32% basis points from a year ago they were last week flat, rising just 0.4% from the week before they were 34% from the same year ago. moving ahead, rates are up ten basis points from last friday. that is not going to help home buyers in this ever pricier market we fet monthly read on new home sales 10:00 a.m. we'll see if prices are easing up at all, becky, i seriously doubt it. >> i doubt it, into. you have that backlog of buyers who haven't been able to find a home either. maybe they were bidding, getting outbid and

diana olick joins us. >> reporter: the theme is innovation, one of the startup spaces is carbon removalrgest carbon offenders. charm takes that waste, boils it into an oil and shoots it deep underground so it can't emit it completed 5,000 tons of carbon removal in year, which it claims is the most ever done in that time. they met with industry and government leaders as well as customers over the weekend and, of course, a scottish sheep farm. >> we are very focused on delivery and changing the tar narrative to one of delivery we need to scale up, demand and supply, so there is a lot to figure out >> reporter: so investors in charm include microsoft, shopify, square, stripe, stripe's director says it's looking no the fastest customers, they are most vulnerable to climate change. >> in the long run, climate change is one of the biggest there etc. to economic growth. so we care about how we can do our part and use sort of the place we live in the ecosystem with 2 million businesses to accelerate climate solutions >> reporter: stripe and others view charm's removal as a credit to offset thei