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Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas, on October 1, 2024. 

Mark Felix | Afp | Getty Images

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

What you need to know today

U.S. stocks shaken as Hong Kong market rallies
U.S. stocks
fell on fears over growing geopolitical tensions. The S&P 500 slipped 0.93%, the Dow Jones Industrial Average lost 0.41% and the Nasdaq Composite retreated 1.53%. Hong Kong’s Hang Seng index popped around 5%, propelled by the year’s strongest rally in Hong Kong-listed Chinese property stocks.

Escalating Middle East conflict
Prices of WTI and Brent oil rose around 1.6% during Asian trading hours as conflict escalated in the Middle East. On Tuesday, Israel began a ground offensive in Lebanon and Iran launched a ballistic missile attack on Israel. Analysts told CNBC there’s a chance Israel will hit Iran’s oil infrastructure, which could cause oil to spike to more than $100 a barrel.

Widespread effect of port strike
Members of the International Longshoremen’s Association started striking Tuesday, halting activity at U.S. East Coast and Gulf Coast ports, which stretch from Maine to Texas. If the strike drags on, global supply chains and the economy could take a beating. That runs the risk of causing inflation to flare up again.

Risk-off on crypto
Amid this cautious atmosphere, investors pulled back from cryptocurrency. Bitcoin is currently trading at $61,407.21, down from nearly $66,000 on Sunday. Crypto-related companies also struggled on Tuesday. Coinbase tumbled 7.4% and fell around 1% in extended trading.

[PRO] Fund manager’s worst-performing stock
Ranmore Global Equity Fund managed to beat the S&P the past two years. But there have been slip-ups as well. Its fund manager shares with CNBC the worst-performing stock he’s picked: why he bought it, what went wrong and the lessons he learned.

The bottom line

Just when the coast appeared clear, geopolitical tensions and potential supply chain snarl-ups threaten to turn the soft-landing trajectory into a bumpy one.

Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. At a port in the New York-New Jersey area, around 100,000 shipping containers “are literally in limbo in the port,” said New York Governor Kathy Hochul. 

“A disruption of a week or two will create some backlogs but the broader consequences will be minimal,” said Adam Kamins, economist at Moody’s Analytics.

Should the work stoppage go on for longer, however, “you’re running into businesses that have real shortages and, yeah, they’ll absolutely have to raise those prices,” said Christopher Ball, economics professor at Quinnipiac University.

(Fans of Rao’s pasta sauce need not fear, for now. Piper Sandler wrote that Campbell Soup, which bought Rao’s earlier this year, “has healthy levels of inventory on hand.”)

Meanwhile, oil prices spiked as markets feared Iran, a member of OPEC, would be dragged into a larger conflict in the Middle East. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for.

With those fears and uncertainties swirling, the Cboe Volatility Index, known as Wall Street’s fear gauge, climbed to 19.3 on Tuesday. It closed at 15.4 a week ago. Major U.S. indexes fell, with the tech-heavy Nasdaq suffering the most as megacaps like Tesla, Nvidia and Apple dropped.

It’s just the first days of the port strike and flare-up in Middle East tensions, however. The classic safe-haven trades, like bonds, gold and the U.S. dollar, aren’t showing up in the prices of those assets yet, noted CNBC’s Steve Liesman.

The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

– CNBC’s Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring and Brian Evans contributed to this story.  

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Tesla is bleeding AI talent to a small new robotics start-up

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Tesla is bleeding AI talent to a small new robotics start-up

Tesla’s AI and robotics divisions are facing a significant “brain drain” as a stealth startup called Sunday Robotics emerges with a roster of engineers from Tesla’s Optimus and Autopilot teams.

We are used to seeing Tesla executives leave, especially to other AI giants, as the competition ramps up and large compensation packages are being thrown around left and right.

However, this feels different. Sunday Robotics isn’t a Fortune 500 company poaching Tesla engineers with big packages. It is a tiny startup that just came out of stealth with a funding round that would be a rounding error in Tesla’s financials.

Sunday Robotics officially emerged from stealth today, announcing $35 million in funding led by Benchmark and Conviction.

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The startup, founded by Stanford roboticists Tony Zhao and Cheng Chi (Zhao previously interned at Tesla Autopilot), has recruited an impressive bunch of senior Tesla engineering leadership.  

The list of departures includes:

  • Nishant Desai: an almost 5-year veteran at Tesla’s machine learning team working on Autopilot and FSD.
  • Nadeesha Amarasinghe: The former Engineering Lead for AI Infrastructure at Tesla. He was responsible for the massive backend systems that train FSD and Optimus. He was at Tesla for moer than 7 years.
  • Perry Jia: A key engineer on the Optimus and Autopilot programs. He spent almost 6 years at Tesla and led the data engine programs. Now, he leads Data Operations at Sunday.

This isn’t just random attrition. Sunday Robotics has effectively poached a “full stack” of robotic and AI engineers from Tesla.

They also recruited other employees from Tesla, and it wouldn’t be surprising to see more join, as Jason Peterson, a talent recruiter for Tesla’s Optimus and Robotaxi programs, confirmed that he also left Tesla in September to join Sunday.

What is Sunday Robotics?

So, what are these engineers leaving Tesla to build?

Sunday Robotics is taking a different path than Tesla’s general-purpose humanoid. Their debut robot, Memo, is a wheeled domestic robot designed for household chores such as cleaning dishes and folding laundry.  

By ditching the legs (Optimus is bipedal), Sunday claims they can focus entirely on dexterity and reliability. The robot is trained on a massive dataset of 10 million behavioral episodes, which the company claims gives it a “ChatGPT moment” for physical movement.  

The most interesting technical divergence from Tesla is how Sunday collects data.

Tesla relies heavily on VR teleoperation suits to train Optimus. Operators wear motion-capture suits and mimic tasks in a lab. It’s high-fidelity, but it’s slow and expensive. Tesla now claims to also train just on video.

Sunday Robotics has a different approach this with a $200 ‘Skill Capture Glove’. They distributed these gloves to hundreds of ordinary people (“Memory Developers”) who recorded themselves doing chores in their own messy homes.  

This allowed Sunday to crowdsource 10 million episodes of real-world data, messy kitchens, weird lighting, and cats jumping on counters at a fraction of the cost of Tesla’s teleoperation labs.

The gloves also reflect Memo’s much less complicated hands, which can make them more reliable and cheaper.

Electrek’s Take

Elon Musk is telling anyone willing to listen that Tesla is ahead of the competition when it comes to “real-world AI” and robotics.

He claims that Tesla will start producing Optimus robots in the millions of units starting next year and it will eventually “end poverty.”

Not many people who are serious about robotics take these claims seriously.

Many other companies are developing humanoid robots, and Tesla shows no evidence of being ahead of the pack, while there are still many obstacles to make them useful at scale.

A company like Sunday has a less ambitious but more realistic approach that could pay off, and it is convincing some Tesla engineers to jump ship.

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Arkansas turns on its first-ever utility-scale wind farm

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Arkansas turns on its first-ever utility-scale wind farm

Cordelio Power’s 135 MW Crossover Wind farm is officially up and running in Cross County, Arkansas, west of Memphis, Tennessee. It is now officially the first operating wind farm in Arkansas.

“We are proud to announce that Crossover Wind is now generating electricity as the first utility-scale wind project in the state of Arkansas,” said Nick Karambelas, Cordelio Power’s chief development officer.

The project will deliver 100% of its power to Microsoft under a 20-year power purchase agreement. Independent power producer Cordelio says Crossover will pay about $950,000 a year to Cross County and more than $50 million to local landowners over the project’s lifetime without disrupting farming practices.

“We’re especially thankful for the strong collaboration from Cross County officials, landowners, and the broader community, which has been instrumental in bringing this project to life,” Karambelas added.

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M.A. Mortenson handled the construction, and Vestas supplied 32 US-made V-163 4.5 MW turbines. Vestas will also handle long-term operations and maintenance.

Cordelio acquired the project in late 2023 from Steelhead Americas, Vestas’ North American development arm, which started development in 2020.

Read more: Solar and wind are covering all new power demand in 2025


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Anker SOLIX C2000 Gen 2 power station hits new $679 low + PowerCore Reserve at $80, Mammotion RTK robot mowers from $649, more

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Anker SOLIX C2000 Gen 2 power station hits new 9 low + PowerCore Reserve at , Mammotion RTK robot mowers from 9, more

We’re kicking off this week’s Green Deals with a continued Black Friday extravaganza – with this issue containing a mix of single-focus deals and massive roundups. Our headliner comes as part of Anker’s SOLIX Black Friday Sale, with the brand launching a 4-day flash sale on a small selection of power stations, including the latest SOLIX C2000 Gen 2 Portable Power Station at a new $679 low. Right behind that, we have a nice array of Mammotion RTK Robot Lawn Mowers at some of their lowest prices at Amazon and Wellbots starting from $649, as well as Anker’s popular PowerCore Reserve 60,000mAh/192Wh Portable Power Station at $80. There’s also EV charging lows from Schumacher, a massive Greenworks Black Friday roundup, Best Buy’s collection of daily deals, and much more waiting for you below. And don’t forget about the hangover deals from last week that are collected together at the bottom of the page in our latest edition of Electrified Weekly.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Anker’s 4-day SOLIX Black Friday flash sale drops latest C2000 gen 2 power station to new $679 low ($820 off)

As part of its expanded Black Friday Sale, Anker SOLIX is offering 4-day flash savings on four different bundles, three of which are keeping the same low prices while switching up the FREE gear you’ll be getting with them, while one is actually dropping costs lower than before. That latter deal mentioned is on Anker’s new SOLIX C2000 Gen 2 Portable Power Station for $679.15 shipped, which also matches in price at Amazon. It’s been carrying a $1,499 price tag since launching at the end of October, with the discounts we’ve seen in its short time on the market having dropped costs to $799 and $749, until the brand’s Black Friday event first brought things lower to $699. Now, you can score it at an even better price, with $820 cut from the tag for a new all-time low rate. Head below for more on this unit and the others benefiting from this flash sale.

Not only does Anker’s SOLIX C2000 Gen 2 power station come as an upgrade from the legacy F2000 unit, but right now it’s even beating out that older model’s price by $120, making this deal all the better. This new model comes more compact and lighter than before with a starting 2,048Wh LiFePO4 battery capacity that can expand up to 4,096Wh with an expansion battery (which you can find bundled on the station’s landing page). There are 11 ports to choose from for your needs (5x AC, 3x USB-C, and solo TT-30R, USB-A, and car ports), with it providing 2,400W to 4,000W of max output when surging.

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There are six main ways to recharge its own battery, with an AC outlet or a gas generator putting it at 100% in 88 minutes, while utilizing its max 800W solar input gets you there in up to three hours. You can also use both AC and solar charging at the same time to hit 100% in up to 58 minutes, or if you’re driving, either use your car’s auxiliary port for up to 23 hours or the new 800W alternator charger for faster speeds.

Anker’s SOLIX Black Friday 4-Day flash sale offers:

As I mentioned, there’s the massive lineup of Anker SOLIX Black Friday deals that you can view here, with increased savings up to 70% off, free gifts, and more starting from $150.

father and daughter planting tree in yard while Mammotion YUKA Mini 500H robot lawn mower cuts grass

Upgrade your lawn care with up to 35% Black Friday savings on Mammotion RTK robot mowers from $649

During Amazon’s Black Friday Sale event, the official Mammotion storefront is offering up to 35% savings across various models of its robot lawn mowers, with prices starting lowest on the YUKA Mini 500H Robotic Lawn Mower at $649 shipped. You’d have to shell out $999 for this model at full price, which discounts have previously dropped to this same low rate twice before, while others kept costs higher at $779 or more. Picking one up here not only automates your lawn care routine, but you’ll be doing so with $350 cut from the tag at the lowest price we have tracked. Head below for all the other Mammotion robot models we’re seeing discounted for the holidays.

If you want to learn more about this model or browse the full lineup of offers we’ve collected from Amazon and Wellbots, be sure to check out our original coverage of these deals here.

anker powercore reserve power station on picnic table charging laptop and iPhone

As part of the ongoing Amazon Black Friday Sale, Anker’s official storefront is offering its popular PowerCore Reserve 60,000mAh Portable Power Station back at $79.98 shipped in both colorways, which matches the price we’re seeing directly from the brand’s website. Fetching $150 at full price and regularly seeing Prime exclusive discounts to $110, it’s during major events like Black Friday (as well as random windows throughout other months) that we often see it dip below $100 to either $90 or $80, with there having been a once-off drop to the $75 low back in July that hasn’t been seen since. You’re getting the opportunity to score it at the next-best price this holiday season, cutting $70 off the going rate and giving you quite the portable means to keep personal devices up and running.

If you want to learn more about this compact backup power solution, be sure to check out our original coverage of this deal here.

Schumacher level 1 ev charger in trunk of car
Promotional image of Greenworks tools in large garage/warehouse
Best Buy Black Friday deals of the day featuring an e-scooter, lawn mower, more

Best Fall EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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