joining us in a cnbc exclusive interview is ted christie, along with our own phil lebeau take it awaycanceled flights this is the height of summer vacation. >> you start with an apology, phil it's been a very, very difficult week for the guests on spirit, for the spirit team, and one we're not at all happy with. we have to apologize for all of our guests, and to our teams that are working extremely hard to get our guests going to the right places, to get our airline back on track and get things moving in what is a very busy travel season. >> what happened you told reporters we just couldn't get in front of these what specifically caused so many cancellations that you haven't been able to get the system reset. >> it's a very challenges operating month of july, a culmination of weather, staffs shortages, both at airports and airline supports, travel and logistics, fuel transportation, those sorts of things, that began to culminate and really c cascade more and more. we were doing our best to hang on and keepthe airline moving, knowing it was a busy travel season it did norse the airline

phil lebeau has more on the president's plan good afternoon, phil. >> this is not a surprise that the president is pushing for the greater adoption of electric vehicles the big question is, does this means anything or, yeah, 30% ev sales by 2030, nobody will fight with that. since he won the ford lightning, he said, wow, this sucker is quick. he's been pushing for higher fuel economy standards and now also pushing for 50% of all u.s. vehicles sales to be electric vehicles by 2030. a little reality check of where we are right now evs make up just 2% of all vehicles sold in the u.s that's 295,000 vehicles last year the projection in terms of the models for sales is increasing you will have more choices even with that, analyst partners is forecasting that evs will only make up 29% of u.s. auto sales in 2030. it's not that the big three are not committing you'll see the ceos with the president today, all putting in $99 billion, but that's evs, and some of that for autonomous vehicles so the commitment is there through at least 2025. elon musk will not be at the white house today, and the

phil lebeau has the reason why >> 61 cents a share.ace. thinly followed. they were for a loss of 49 cents a share. that's not what's moving the stock. the reason it's moving higher is because the company's guidance to a certain extent you could look at this if you are optimistic this is a company that will make it. look at this report and say, yeah, i think they will make it. they say they'll begin limited production of the endearance pickup truck in late september through the end of this year in the first quarter they'll have advance commercial deliveries in early q2 with the ramp up in production steepening in the second half of next year. but it's all about the money they ended the first quarter, the second quarter with $360 million. they expect to end q3 with 225 to $275 million. what about a strategic investor? they say that they are evaluating potential strategic partners with multiple industry participants being possible as those possibly joining into their production facilities there in lordstown, ohio so that is why the stock

phil lebeau joins you with the new reality for buyers, phil. >> tyler, i call this the new normal, though say, what this this is normal? the price i'm paying at a dealership, more than $42,000? this chart is at a record high when we say transaction prices, we're talking about how much you are paying, not the list price it now tops $42,000. why is it expected to stay elevated pretty darn close to a record high you have the q3 auto production being limited due to the chip crisis that won't end some time soon. the big three do plan to clear out their unfinished vehicle inventory in the third quarter there were be an improvement in terms of delivery for them the big three, the july new auto incentives, they've been down for some time, down more than $2100. they don't have to juice the deals as much as they used to because of the tight supply that's out there for the auto dealer stocks, this is the golden time, though when you look at the used market, there has been a bit of a pullback not huge but, guys, this won't be changing any time soon. >> i was speak to an executive a week ago at autola

, plug-in hybrid electric, fuel cell electric it is electric there is no turning back >> cnbc's phil lebeaul, is this realistic, half by 2030 >> shep it is highly unlikely the u.s. hits the target, and here is why. last year evs made up about 2% of all sales look at the sales growth not expected to hit 1 million until 2025 and by 2030 most e ao get more built believe evs will be 30% to 35% of total sales it will simply take a while to get more built and on the market and people getting people buying an electric vehicle. >> do we know why people are uncomfortable? >> one is the cost evs cost more than the typical internal combustion engine the technology has to improve like fast charging much like going to the gas station to fill up in five or ten minutes at the most, you should do that with a battery. that will eventually happen. and people need to be convinced that you can really beat them up and they will stay and do what they are supposed to do. there is still hesitancy there >> president is talking about stronger fuel economy standards. will we see a big change in mileage? >> i think we

they still need to finalize all the details surrounding that recall. >> all right phil, thanks phil lebeau you bet. >> karen, what did you mike of t the -- make of the trading action today jnchtd frustrating. phil hit it on the head. expectations excited about the numbers, expectations higher, clearly wasn't good enough i think they made it worse during the conference call analysts very frustrated trying to understand how they got to this new guidance when not that long ago sort of telling a different picture and analysts kept saying, did you include the bolt, you know, included or not? sa saying no, talked commodity prices higher sandbagging there, i think i don't think the chip supply issue, which has been for many auto companies, for many companies more broadly, that didn't seem to be solved and i think they wanted to be conservative also with the delta -- they don't know and i think they -- they did have some good news in there they had, were able to sell higher-end more trim and more decked out cars. that's a nice margin one other quirky little thing a negative was gm finance. so as t

ceo barry biffle joins us with phil lebeau.arry joins us from frontier's headquarters in denver, colorado thank you for joining us let's talk about the q2 results. a loss of 24 cents a share revenue $550 million but the important thing, i guess, from your perspective is the resurgence in demand has helped you build your cash balance, correct >> that's correct. thanks for having us on, phil. look, we were pleased with the quarter. ended up 13% ebitda and truly the vaccine has been unlocking the demand as we planned >> you saw us tease the video before the commercial break. this passenger who was duct taped to his seat after allegedly groping a couple of frontier flight attendants as well as physically assaulting another flight attendant, allegedly. what -- i have to be honest. people look at this and say what's going on in the air when is this unruly passenger stuff going to stop and what is it going to take to stop it? >> i think we've always had this and our flight attendants industrywide are trained to deal with unruly passen

let's bring in our phil lebeau, who is henrik. >> you're going to be spending more money on your developmentectric vehicles through the end of this year do you believe it's all systems go for having your first model, the ocean in production next year, and delivery starting either late year or more likely early 2023 >> absolutely, phil. good to see you. absolutely we will ship it, not only we'll start production, we will start deliveries right after that, into next year, both in the u.s. and in europe. >> so the question a lot of people have, and you heard the president today, he has a goal now for half, half of all vehicles sold in the united states by 2030 to be electric vehicles do you find that realistic let's be clear i know you're not trying to pour cold water on the president, but is that a realistic goal >> first we'll by 100% electric by the end of next year, so i do think so its think it's a matter of a tipping point. we've been talking a lot of that i was one of the early adopters of getting into ev i think there's a couple of fundamental differences now. we have seen a lot more el

phil lebeau reporting on united. many health care companies also telling their employees to get the shot or get gone which has left a lot of people wondering what the states will do with regard to unemployment benefits for people who lose their jobs over this rahill solomon has the details >> companies from block rock and cisco to disney telling employees it's time to get vaxed or else. we just learned today that cnn reportedly fired three employees for going into the office unvaccinated for those still holding out, options appear to be dwindling because if you work for an employee who requires a vaccination and you refuse and you can find a new job but in the meantime you cannot collect unemployment. >> when somebody is discharged from work, most states will look at whether they were discharged to some type of severe misconduct, which is typically a rule violation if there was a rule in place from the employer that asked somebody to get vaccinated or required somebody to get vaccinated and they chose not to in that

our phil lebeau has a giant aircraft outside and talked to them >> hey, carl behind me, stand for electric versicle takeoff and landing, evtal. going into service by 2024 carrying up to four passengers it will have a pilot, at least initially. range 150 miles and the ceo says, look, skyports all over cities around the country. >> we've released footage that showed just how markedly different is in noise and quality of noise from traditional aircraft meaning we'll be able to put skyports on tops of buildings everywhere. >> tops of buildings what they're planning on by the way, when we talked with joby earlier, they expect pilotless ev by 2030 not sure regulators will be onbard but that's his expectation at this point. joby the first to go public but not the last others are developing ev as well several plans to eventually go public through spac mergers or other means. archer, beta, lillian, aerospace, 12 to 15 players in the space swdeveloping these aircraft and targeting 2024, 2025 when they expect them to come to service. jon, one last thing to keep in mind mip was at nasdaq 11 years ago

for more let's get straight to phil lebeau. >> you wouldn't see it from the way the stock traded today but it was under pressure earlier in the day. people said wait a second, is this what we're going to see from other airlines. the language was very clear. they said that they saw a dropoff in their expected revenue for the august and september time frame 3 to 4 percentage point and that's because of an immediate, near immediate dropoff in the number of bookings as well as an acceleration here's the language in the 8k. this has to do with covid-19 and the impact it's having on the psychology of travelers. southwest saying the company has experienced a deceleration in close-in bookings and close-in trip cancellations in august of 2021 in layman's terms, people are reassessing whether they want to take some trips or outright canceling them the passenger traffic levels have been down anywhere between 20 and 30% compared to 2019. that's the comparison you want to make. if you look, you are starting to see a little bit more of a plateau, maybe a little bit of a pull back there in the end of

phil lebeau covers the auto industry for cnbc, and he joins me now.m the biden administration today, the wrestling match, a stranger one under the trump administration about fuel emissions. you have the auto maker saying they wanted better standards and the white house did, there was a lawsuit, a back and forth, what is today's announcement on that front, what does it mean? >> they are all in the same page, finally. and what happened with the trump administration is, that was more a fight between the trump administration and the state of california, over the question of who has the right to set vehicle a mission standards. ultimately, automakers were split, some sided with the trump administration, some sided with the stated california. now they're on the same page. that should be better for the industry. they want one standard, they do not want one patchwork of standards. they will probably go with a california federal standard together. >> i've covered this area, quite a bit, over the years and it seems to me that in the last year or two, some switc

phil lebeau has the details. >> we have learned through industry sources that the biden administrationns to extend the man dade for face masks to be worn on airplanes and in airports it currently is supposed to expire on september 13th it's going to be extended all way to january 18th. we're not sure when the biden administration will make this announcement, whether it's later today or the next few days, but we have talked to multiple sources in the airline industry, numerous carries who say yeah, we've been notified this will be the plan face masks required not just through september 13th, but all the way through january 18th because of the spread of the coronavirus, the delta variant, that's the main reason why you're seeing the face mask mandate being extended. >>> airlines down about 2% to 3% phil, thanks. >>> homebuilder sentiment falling to the lower level that story and the final moments of the trading day when we take you inside the market zone dow down 360 millions of vulnerable americans struggle to get reliable transportation to their medical appointments. that's why i start

phil lebeau covers the auto industry for cnbc and he joins me now. s start with the policy from the biden administration today. there's been obviously a wrestling match, a strange one with the trump administration about fuel emissions in which you have the automakers actually saying they wanted better emission standards than the white house did. >> right. >> there was a lawsuit, there was a back and forth. what does today's announcement on that front mean? >> well, they're all on the same page finally. and what happened with the trump administration is that was more a fight between the trump administration and the state of california over the question of who has the right to set vehicle emission standards. ultimately automakers were split, some sided with the trump administration, some sided with the state of california. now they're all on the same page. theoretically, that should be better for the industry. they want one standard. they don't want to have to do a patchwork of standards. they'll probably go with the california and the federal standard

phil lebeau covers transportation we've been hearing about flying cards for decades.it will happen they're targeting 2024 for the beginning of service and there are about 12 to 15 of these companies around the world that are developing what are called ev-tols, electrical vertical takeoff and landing aircraft 150 miles, 180 miles depending on the aircraft. they want to take you around cities they believe this is going to be the way we're going to maneuver around cities, maybe not in four years, but 10, 15 years from now. >> wow and so there will be a flying taxi stand where do we go to get on them? >> vertiports. >> like heliports? >> similar the ceo of jobc told me when you look at new york, he sees the infrastructure being there for all of these rooftops, and also the top of parking gruarages, t top level. often they're not used, it's a great place to drop off your car, get in one of these, go someplace. >> i heard you say that these could be pilotless >> they're already testing them without pilots, so the technology is there. i have a real skepticism that we're goin

phil lebeau's here why the surcharge instead of telling workers get a vax or get out? >> shep, delta wants to avoid disrupting operations. and let's do the math. they've got about 18,000 workers who are not vaccinated right now. let's be clear that over the next couple of months most of those will become vaccinated but there's probably going to be a sizable number who won't be vaccinated so what happens on november 1st? you release 4,000, 5,000 workers, however many it is, potentially disrupting your operations the idea is you put a surcharge there. even if think don't do it by november 1st, when they start paying $200 a month eventually them come on board and get the vaccine. >> then there's ford motor company. they're delaying return to work but their executives are saying they're thinking about a vaccine mandate. what do you know there >> right well, i think this is what a lot of companies are doing right now. they're saying what do we need to do? if we delay people coming to work maybe we don't have to do a vaccine mandate. and remember, it's all about mitigating t

and we may see that for the holidays >> phil, thank you phil lebeau tracking the latest on the airlinehe dwer jen si, some holding in there, others dropping back, others charging ahead. >> yeah, they used to all move in tandem, kelly, but now you're finding investors are becoming a bit for selective, if you will it's the names that are betting on the vacation traveller that are outperforming so far in august, if you look at the cruiselines up around 9%, 10% so far this month and then you look at the hotels, a very different story there hospitality giants are down around 4% to 10% part of that has to do with the growing concern about the business traveller the expectation was that come labor day companies' employees would be coming back and would start to check into hotels but now there's this new survey from the american hotel lodging association which found that 67% of business travellers are planning to take fewer trips this year. we heard from chip rogers, i know you interviewed him as well he's saying that hotels were already on pace to lose more business travel revenue this year t

of its schedule today, more than 300 flights on top of 42% of its flights yesterday the cnbc's phil lebeaue blaming weather for widespread cancellations and delays is that real the problem, or is there something else here? >> reporter: it's a huge factor, shep, but it's not only reason why we had so many cancellations and delays look at american there was storm and strong winds that rolled through the dallas-fort worth hub on sunday. scores of flights were cancelled. well, american is so tightlynce. well, american is so staffed right now that when there are cancellations and delays, crews time out, staffing gets stretched you start to see people who cannot make other connections and that's the domino effect, and we saw the same thing with spirit on -- on sunday you had massive cancellations because of the crews shortages people were stretched thin, and you also had some outages in there, and it's just a mess that's taken several days to clean up. >> cancellations getting more attention than ever it seems like, phil what about the passengers? are they quicker to complain they are >> and her

phil lebeau, we appreciate it.usly. >>> massive recall widens, that's topping cnbc's on the money. general motors expanding a massive recall of chevy volt, the company no recalling all electric vehicles due to fire risk in battery packs. cnbc learning at least 11 key leaders and senior engineers left blue origin weeks after jeff bezos' space flight several of the engineers parts of the company's astronaut blue origin lost the bid to spacex for the nasa contract earlier this year. a company spokesperson emphasized blue origin growth growing by nearly a factor of four in the past three years >>> coors is doing something stronger, launching a blended american whiskey, called five trail. will be released under a new banner, coors whiskey co it will be about 60 bucks a bottle available next month. ♪ >>> on wall street, the dow up 226. the s&p up 36, and nasdaq up 173. ♪ i'm frank holland in for shepard smith. it is half past the hour, here's what's making the news inside the escape from kabul one afghan-american woman's

phil lebeau, tesla shares down 5% >>> coming up, is social media going to cause a generation of losses amongst new retail traders? we'll look at the science of making money decisions while others are watching. >>> plus, president biden is set to speak on afghanistan at 3:45 p.m. eastern time. ahead of those remarks, we'll speak with eurasia group about the political fallout for the u.s. as it battles with china for global influence we're back in a moment age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. that building you're trying to sell, for smarter trading decisions, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real e

joining us is the auto and fuel reporter phil lebeau, and so what do you expect this to accomplish? >> on the face not a whole lot in terms of the electric adoption, but it is great that you will see the ceos of the big three stand big the president at the white house, and it is wonderful to be on the same page and have greater adoption of the electric vehicles, but the fact of the matter is that the auto industry has been making billions of dollar commitments to developing and manufacturing these vehicles, and it is going to be a slow ramp up, geoff, and most believe we will have 30, 35% maybe of all vehicle sales being electric vehicles by 2030. but 50% sales? i have not come across a single person in the industry or an analyst on wall street who believes it is going to be accomplished by 2030. >> robin, he is making the point that i am going to make to you, and maybe it is a right move on the merits, but the auto industry was made that way, and there a new ford f-150 to that way and a jeep wrangler coming out in 2023, and so i have only driven a jeep wrangler, but i cannot imagin

we'll be talking with the founder and ceo of joby next on "squawk box. >>> phil lebeau joins us withf joby. you started in 2009. today you're becoming publicly traded at the new york stock exchange your joby evitol is behind you you can have a piece of the future with us. >> that's exactly right. it's such an honor to be here with you today we're so excited about the opportunity to give everyone the ability to share in this really exciting journey as we move to a zero emissions future. >> you know a lot of people when i talk to them this morning, they're standing out here and looking at this, and say when is that going to be flying? they say 2024. they say, i don't think so what do you say to the skeptics who are doubting that you will get it in service and certified by 2024? >> the joby team is incredible we've been getting this day in and day out and proving we can make ee electropropulsion in aviation it has amazing range and it's going to deliver a whole new mode of transportation to people in both cities like here in new york and around the world and we're so grateful. >> we've

i was talking to phil lebeau about this looking to earlier in the year its focus on technology engineersto redesign the software for different chips, which turned out to be a big advantage versus other auto makers >> i think some of the work that tesla is doing with neural nets can get more broadly extended over time. and so that remains to be seen, and i think someinvestors woul say there is option value in tesla doing research in that and pushing it -- its application towards autonomous driving but beyond but i think more generally that's the case with the googles of the world, the apples of the world focused on autonomous, the baidu of the world, the cruise automation of the world. and there are many consequences of this. and i think the neural technology is probably broadly extendible it's difficult for outsiders to know who will ultimately win the race and if the race is won, how significant the economic windfall will be from the race >> you know, tony, one thing we hear about today is only any put the energy they put into these roeblts into cars, why not put that energy into cars?

our phil lebeau has more hi, phil. >> morgan, it used to be if you asked somebody how much they're goingon price of 35 grand was high look at where it is now. the average transaction price, the price paid at a dealership, record high, over $42,000, three things are impacting what we're seeing with new vehicle pricing. first of all, you got limited production, we talked at length about the chip shortage and how that's going to continue at least through the end of the year the demand, however, it remains strong as the economy continues to add jobs, the new car demand is not slowing down. low interest rates are also helping as well. for the big three, they're prioritizing pickup truck and suv production and that's because those are in demand, those are the high profit vehicles so as much as possible, that's where they're prioritizing their chips when it comes to production. in terms of pricing and the dealership stocks and the automaker stocks, for the big three, this is going to continue and this helps especially in north america, look at gm, and ford and look at the auto dealer stocks, us

phil lebeau phil mattingly, thank you so much. >>> here to discuss, democratic senator mark warner of intelligence committee and is a member of the budget committee. nice to see you, senator. so you helped create the bipartisan infrastructure bill. but how speaker pelosi has said she won't bring it to a vote until the senate completes work on the budget resolution. do you agree with moderate house democrats you are urging pelosi to put this up for a vote now? >> pamela, let's, first of all, at least take a moment and realize what the senate will either later tonight or first thing tomorrow do. for 30 years, presidents of both parties have talked about making record investments in infrastructure. we all see that in bridges that are decaying, roads that have got potholes, airports that are third world. we know post-covid we need broadband in every community. we know we've got aging water systems. we know we need to move to a greener energy grid. this bipartisan, and i believe we'll get close to 20 republicans, after 30 years is going to get done tomorrow. and it's enormously popular. ov

mike santoli has a closer look at today's market action phil lebeau a tracking the move lower. what are you focusing on here today? >> the big growth stocks are doing the work today this market, if you look at a one-year chart of the s&p 500, the smoothness of the up trend is the main feature you'll take away from it, but the smoothness is a product of a lot of chopping around. the market has tended to find a way higher, but not usually the same day two days or two weeks in a row today it's not the cyclicals, it is the big growth, kind of a cautious macro message today kind of the big growth stocks, but also you have the travel stocks, you have a lot of the reopening plays that aren't getting hours, but carries more -- or also about the anniversary, this peak on september 2nd of last year, we had our last just about 10% correction in the s&p 500. since then, it's been mostly smooth presumably a window opens up for chopiness in september, about so far the market has defied all of t that. >>> look at the give-and-take, it comes to almost exactly the same place, but look at the va

. >>> tesla teasing some big upcoming projects at yesterday's ai event our phil lebeau has the latest>> morgan, this demonstration, if you will, last night of some of the technology that tesla is developing when it comes to artificial intelligence had two components to it the first component, the one that impacts full self-driving vehicles and the technology there. the company outlined a number of steps it's taking, neural nets, project dojo improving the autonomous drive technology. tesla is not full self-driving right now. it's level two autonomy, it's nowhere close to level four or five it's developing a chip for training its artificial intelligence networks. that was the meat, if you will, of the demonstration last night, and then there was the teaser which is getting plenty of attention and basically this was a recruiting tool. it was tesla introducing what they're calling the tesla bot. they are developing a humanoid bot, life size basically, it will be using full self-driving technology as well as components here's elon musk talking about why they're building this bot. >> it's

summer travel season winds down new data shes that airlines are planning to cut capacity in the fall phil lebeaugan, if you look at the numbers, and we have had these crunched by oag, a airline and aviation consulting firm, all will be cutting back capacity between 7.9% and 11% for united, american and delta southwest airlines, friday they talked about further cutbacks separate from capacity cutbacks due to scheduling to deal with some issues in terms of their operations they are also cutting their schedule by more than 6% here's the reason why. we have definitely seen a plateau in the number of people who are flying right now i think the number of people flying was down 21% in july. now it's down in the month of august at least 22%. look it. it was 1.9 million people flying yesterday in the united states so what you are seeing here is a definite impact of covid-19 cases as they surge, people -- two things happened. one, an increase in the number of cancellations, and two, people are hesitant about booking their trips which raises the question, when you look at the airline index, what do we exce

our phil lebeau is looking at the auto stocks and which names are most likely to have good returns. n? >> leslie, when people talk about the auto industry, everybody says we know electric is coming but how do you play that trend over the next several years or kdecades? an analyst for a number of years, worked for ford and now has been with guggenheim, advising a number of companies in the auto industry, and he basically says, look, it comes down to the fact that you are going so see an explosion in the number of new ev models over the next several years and this is the catalyst that you want to ride but you have to know what elements within this group you want to ride when we talked with him last week as they put together their outlook for the electric vehicle market, he said the key here, get in early and be prepared to be patient >> because of all this new technology, and that means for investors there is more upside than there has been probably since the 1920s in picking the winners, the teslas of the world, and there is even greater downside since the '20s because some companies

phil lebeau is hoar to explain. >> artificial intelligence has long been a big part of what elon muskto help grow tesla, and the technology that drives the tesla vehicles. what can we expect today a couple areas of primary focus, autopilot, they've been using artificial intelligence to refine it. remember, there is no full self-driving technology yet. they're still level 2 autonomous vehicle technology, but they've been improving it. this is a camera-based system, all of that's fed into refinement of the software that goes into the system they're also using artificial intelligence to improve the manufacturing process. there's a lot of robots this a manufacturing facilities, and that is not by design. they've been using the robots to help refine the process to be more efficient that efficiency is a big part of tesla's success. for elon musk, yes, he has warned about artificial intelligence going unchecked that doesn't mean he believes there should be no use of artificial intelligence. tonight, when they have their present ache what the analysts are expecting is to say this is how we're

. >> you see toyota down three, phil lebeau has more on it for us. >> hey, carl, and an announcementoyota north america saying they will be cutting their production in august between 60 and 90,000 vehicles we don't know the exact percentage but that's a huge cut for production here in august in north america. toyota motor corporation, tmc out of japan will be cutting production about 40% according to records in ceseptember, so wt you're seeing is because of the global chip shortage, it's finally catching up with toyota. remember, early on there were a number of stories written about the fact that following the fukushima earthquake and tsunami, there was a new mandate in japanese business that you have to have enough inventory in case something like that would ever happen again, and so they had enough chips in their inventory to weather the storm much better than their competitors, whether it be general motors, ford, volkswagen, you name the company around the world well, it appears that it's finally catching up. you can only use your inventory for so long, guys, before the tight supp

phil lebeau with the details >> some companies, including united airlines have said you get vaccinatedyou may lose your job after a certain date. delta is saying you have to get vaccinated, but if you don't, you can still work here but it's going to cost you. november 1st is the deadline to have you vaccination at delta. the unvaccinated workers will have to pay a surcharge after that date. $200 a month the reason why delta says the average covid-19 hospitalization cost for the average delta employee who has been hospitalized for covid-19, $50,000. and the company says it's time to offset that cost and that risk in announcing this policy, the ceo says full approval for the pfizer vaccine, the time for you to get vaccinated is now that's the employee memo sent out from the ceo ed bastion. 75% of delta employees are currently vaccinated you have 17,000, 18,000 who are not vaccinated it will be interesting what happens of the 75,000 employees at delta 17,000 or 18,000 who are not vaccinated they now have until november 1st, guys, to either get vaccinated or pay $200 a month back to you. >

when you have zero money on the top line, the bottom line results matter even less let's bring in phil lebeau >> it's the outlook, that's what has the stock under pressure today. yes, they did report a smaller than expected loss of 20 cents a share. the revenue, however, for the rest of the year, the forecast has been cut from 50% to 70% the fuel cell semi they're working to develop, they're saying they will only deliver 25 to 50 this year. it was supposed to be 50 to 100. supply chain issues according to the ceo are impacting their ability to get those trucks developed and built. address for former ceo, trevor milton, last week he was indicted on three counts of fraud. charges that his legal team denies nikola admits this could be a potential issue down the road. that it could be a distraction, if you will, for the company look at nikola over the last year this is a company that they spent $13 million covering milton's legal fees, what happens in the future could be a distraction. but more to the point of the stock today, it's the fact they cut their guidance back to you. >> all right thank

let's get to phil lebeau for a full rundown if there is a prototype it's smaller than that. right? e one that they're actually talking about, phil, years in the future, is like only 5'5", 120 pounds, and doesn't look anything like that. >> 5'8", 125 pounds. >> yeah. >> that thing -- >> that was a heck of a performance, wasn't it >> yeah. i don't know if you like dancing, i can't unsee elon musk dancing and i don't think i will be able to unsee this dancing. my question and my very serious question to you, phil, and you know, he's a science fiction buff and talked about universal basic income being necessary when we do have robots, how many years away from an a.i. robot being able to do those moves i've seen these -- >> that is necessary in society to have a robot that can dance really poorly -- >> but if you could have something that's that agile, it's years and years away, but we have seen those dogs, phil, that look like exactly like -- >> sure, yeah. >> as you saw "the war of the worlds" series, the real thing looks like the munsters in there. how many years would you say before

", made of lightweight materials, do boring, repetitive, dangerous work humans don't want to do phil lebeauere the robots sound cool, is there any real intention to make them? >> they say they're going to build it elon musk says the prototype will be ready next year. there are a lot of hurdles to overcome to become a reality and there are a lot of skeptics, including analysts that cover tesla full time that are like i don't see this happening anytime soon don't be surprised if a couple years from now people are saying whatever happened to the tesla bot. >> i mean, i am laughing looking at this now. elon musk is a bit of a carnival barker, the tech no king of tesla. i know you have a lot of experience with him. in your opinion, was this just another publicity stunt? >> not a publicity stunt this is more recruiting pitch. remember, this was part of an artificial intelligence demonstration where they talked about ai and the future of ai helping with autonomous driving for tesla. they need to recruit ai engineers. they came out, said if you want to work at tesla in ai, this is what we are build

phil lebeau has more >> let's run down what the president announces., 50% ev plug-in hybrid electric sales or fuel cell sells pap 50% of the market by 2030 last year just under three hundred thousand pure electric vehicles made up total sales in this country that's 2% of the seattle and most believe only about a million of those sold by 2025, pure electric. we're a long ways from 50% look at the big three auto stocks moving higher on the ev commitments this year. you'll see the executives at the white house today, what about tesla? unclear if tesla is there. tesla is the market leader in er sales in the country selling, what, 145,000 in the first seven months of the year guys back to you >> walter isaacson getting to a new biography. >>> welcome to the "halftime report." the big call on stocks from the top street strategist is your money about to go on a midsummer run. we'll debate that. jenny harrington steve weiss. steve weiss. jon najarian let's check the markets. nasdaq a new high. up five of the past six days we are talking about the new target fo

conversation to have, especially as we await another inflation reading this week with cpi on wednesday phil lebeau, thank you for joining us >>> a quick check on the markets, it is a mixed picture with the nasdaq higher the s&p and the dow lower. that will do it for "squawk on the street." "techcheck" starts now >>> good monday morning. welcome to "techcheck. i'm carl neequintanilla with jon fortt and deirdre bosa stocks like riot, coin base and microstrategy following suit we're going to talk to tom lee in just a moment >>> as does the ceo of binance, washington wakes up to crypto's growing influence. and that's where our feed begins this morning and what has become the sticking point in that trillion dollar infrastructure bill elan mui explains. >> reporter: the industry is pushing for explicit, new irs reporting requirements and in intense debate over the current language applies to miners and software developers and that's stoking outrage among some of fintech's biggest ceos history will not be kind to any politician who tries to block americans access to new technologies, americans have a ver

the safety administration announced a formal investigation into the ev maker auto pilot system phil lebeauerious story. >> it is a serious story we'll see whether it leads to a recall to the tesla vehicles impact the here. there is no doubt this investigation catched a lot of attention because you're talking about a auto pilot system, when people said this is bad news and others have said it is overstated how dangerous this might be 11 crashes into emergency vehicles are being investigated. 17 injuries, one fatality and basically involved all of the tesla models, the sxy and 3 ten 2014 and 2021. the montage that we'll show you of different vehicle crashes are all first responders type incident where's a tesla in auto pilot hit a straight trooper car or a fire vehicle at a highway scene where they were responding to another accident or something else was going on. and the teslas involved were in auto pilot mode. 765,000 tesla vehicles involved in this investigation. elon musk has defended the auto pilot technology for years now there are some who said he has suggested that you could drive h

with more on the investigation and how tesla is responding, cnbc's phil lebeau. >> reporter: ever since drivers to take their hands off the wheel for short periods of time, it's been controversial. tesla's ceo elon musk promotes a autopilot as it if allows tesla to drive itself 1 00% of the time in fact, musk has said autopilot requires drivers to stay engaged behind the wheel still, there are pictures and videos on social media showing tesla drivers who appear to not be paying attention while driving, which raises the question, does tesla's autopilot do enough to make sure drivers avoid a crash? and if the safety measures are strong enough, what caused the 11 crashes where tesla's in autopilot mode hit emergency response vehicles? tesla recently turned on driver-facing cameras in some of its model three and model y cars to make sure drivers are paying attention when using autopilot an approach gm has built into its super cruz hands free driving system if the driver isn't paying attention, they immediately get an alert if that doesn't work, the car will automatically slow down and event

phil lebeau said we're seeing a slowdown in the plane tickets being bought and the cruise lines it appears that the bad performers today are the people that are still scared about the economy going forward and maybe what that says about september >> yeah. i think that's right i mean, look at the signal from the market, right? what do investors want to buy? idiosyncratic growth that tells you the implication of that is there's not going to be the economic growth that we thought there was going to be and it looks like we have this reopening burst where everybody who hasn't traveled for a year, hasn't flown for a year, they did it all now it's over. look at airline prices as you go into september and october those are rolling over it's a lot cheaper to fly. you can find a seat. airlines cutting capacity. they're not seeing that demand so we're in this low to slow growth environment the bond market told you that. the yields went down today we're seeing an uptick in inflation but what investors want for now is the nasdaq stocks idiosyncratic growth. to me, it feels very frothy, but feels like i

there are new concerns about flying demand heading into the fall let's get that with phil lebeau withore. >> typically this would be one of the busiest weeks of the year leading up to labor day. yesterday just 1.9 million people flew. we're clearly seeing the plateau in demand. take a look at what we've seen in terms of airplane passenger levels here in the united states, it was down 21% in july down 22%, almost 23% for august. we're clearly seeing things slow down that has the airlines cutting their capacity plans for the fall in september, look at united, american and delta, all cutting their capacity between 7.9% and 11%. and then you look at southwest it's cutting its capacity by almost 7% in the month of september. remember last week, they talked about further cuts, separate from this because of operational issues finally, i want to take a look at jetblue why are we showing you jetblue there's an expectation, according to reports out of europe, that the eu plans to cut nonessential travel. basically ban nonessential travel from the united states due to the surge in covid-19 cases

. >> phil lebeau, thank you for bringing us that news.nt to talk about expedia. i know you've been rematter that company, but i want your reaction to this news this morning that united is going to be requiring its employees to be vaccinated and whether you think other airlines will now follow. >> it's news to me this morning and we're seeing this across the u.s. i think people are taking a lot of different approaches. i think -- we have offices in 55 countries around the world there's no one size fits all answer as you said this is for u.s. employees. it's unclear what it does for union employees. you know, we are constantly evaluating this every day. i think everybody getting vaccines is a good thing >> haven't put a man dade in the united states yesterday? >> we have not we're trying to find the broughtest applications, but there are no simple answers. frankly i think we're all going to have to live with covid vaccines have proven to be the best way to blunt it the world is a big place i think we're all going to have to find ways to be