The biggest benefits scandal in California history has been revealed, and it put millions of pandemic-related unemployment in the wrong hands. CNBC's Aditi Roy reports.
Coronavirus cases in the U.S. just topped 12 million as states imposed more and more restrictions. This comes as the CDC warns Americans not to travel for the holidays. More than one million airline passengers already boarded flights ahead of Thanksgiving. Most California businesses now face severe restrictions, including bans on indoor dining in Los Angeles.
As coronavirus cases surge across the U.S., states put new restrictions in place. The national seven-day average of daily new infections now stands at 161,165, according to a CNBC analysis of John Hopkins data. That's 26 percent higher than a week ago.
8VC founding partner and Palantir co-founder Joe Lonsdale wrote in an op-ed for the Wall Street Journal this week about why he decided to move his company from California to Texas. He joins 'Power Lunch' to discuss what tipped him over the edge and the reasons behind the decision.
The U.S. is now reporting an average of more than 120,000 new Covid-19 cases a day. Cases are also rising at a faster pace, with a roughly 33 percent jump in the seven-day average over the past week, according to a CNBC analysis of data compiled by Johns Hopkins University.
CNBC's Deirdre Bosa reports on her conversation with Lyft's chief policy officer Anthony Foxx on replicating success of Prop 22 in other states.
California Attorney General Xavier Becerra joins "Squawk Alley" to discuss the legal battle over California's gig economy laws and the proposition up for a vote in November.