Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Wall Street was under pressure Tuesday. If the Dow closes lower, the 30-stock average would see its first nine-session losing streak since 1978 when Jimmy Carter was president. “I want you to look for a crescendo. In a crescendo, you have the market go down, down, down, and then the volume explodes. That’s how you get a clearing event to go back up. We have not had that crescendo yet,” Jim said during the Morning Meeting. Keep in mind that the Dow is price-weighted. And, as the highest priced component, UnitedHealth ‘s sharp drop since its insurance unit’s CEO was gunned down on the streets of New York City could be skewing the overall move. There has also been a rotation back into the “Magnificent Seven” stocks, which was why the Nasdaq on Monday posted a record-high close. U.S. oil benchmark West Texas Intermediate crude broke below $70 per barrel on demand concerns. Peter Navarro, set to become the top trade advisor to Donald Trump, said on CNBC on Tuesday that a “drill baby drill” policy will lower oil prices further. Navarro said that any inflation from tariffs proposed by the president-elect could be offset by $50-per-barrel WTI, which would lower the cost of gasoline. Jim said, “[Navarro’s] going to need the oil companies to play ball,” pointing out that energy giants have been reluctant to oversupply the market and watch crude prices sink. We followed through on plans to trim Broadcom when we were no longer restricted and took profits Tuesday. We were not alone as shares of the custom chipmaker dropped more than 4%. “We don’t like to do nothing when we see parabolic” rallies, Jim said. “Let’s talk about the tough one,” he added, referring to Advanced Micro Devices , which we also trimmed Tuesday. After speaking with Marvell CEO Matt Murphy on “Mad Money” on Monday evening, Jim said big tech companies want Nvidia’s AI processors and custom chips made by Broadcom and Marvell, leaving AMD in a difficult position in the market. Jim also commented on Club stock Nvidia’s recent slide. The stock ended Monday’s session down nearly 14% from its all-time intraday high of $152.89 a share on Nov. 21 and was under pressure again Tuesday. “Nvidia has spurts. It does nothing and then it has spurts,” he said. “We choose not to [trim Nvidia]. Why? Because we think the future is bright.” Stocks covered in Tuesday’s rapid fire at the end of the video were: Pfizer , Brown-Forman , Cisco Systems , Planet Fitness , Dell , and Arista Networks . (Jim Cramer’s Charitable Trust is long AVGO, AMD, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Cadillac’s new three-row electric SUV is almost here. As the Escalade IQ’s smaller sibling, the Cadillac Vistiq starts at under $80,000, but prices for higher trim options can reach upwards of $100,000.
Cadillac Vistiq electric SUV prices and specs
After introducing the new Vistiq electric SUV last month, we are already learning how much it will cost to get your hands on one.
Cadillac said 2026 Cadillac Vistiq prices would start at $78,790, including the destination fee. That’s for the base Luxury trim. Cadillac’s new electric SUV will also be available in Sport and Premium trims, while a range-topping Platinum model will launch next Summer.
As Car and Driver found on Wednesday, full pricing is now available. The Sport trim will start at $79,290, while prices jump significantly for the Premium and Platinum models at $93,890 and $97,890, respectively.
With options, you can easily spend over $100,000 on the top-of-the-line trims. Meanwhile, its big brother, the 2025 Cadillac Escalade IQ, starts at $129,990.
The Vistiq sits between the Lyriq and Escalade IQ in Cadillac’s growing EV lineup. Like the electric Escalade, the mid-size SUV features Cadillac’s new design with an illuminated pinstripe grille.
Powered by a massive 102 kWh battery pack, Cadillac says the Visitiq gets 300 miles of range. It also packs up to 615 hp and 650 lb-ft of torque for a 0 to 60 mph sprint in 3.7 seconds. According to Cadillac, the electric SUV can gain 79 miles range in around 10 minutes with a DC fast charger.
Inside, the Vistiq offers all the luxury and premium tech you would expect from a Cadillac. It includes a curved 33″ infotainment and driver display cluster, which sits above an 8″ HVAC control screen.
The standard AWD system is fitted with Road Noise Cancellation tech for an even smoother, quieter drive that EVs are known for.
At 205.6″ long, Cadillac’s new electric SUV is slightly longer than the Rivian R1S, which is 201 ” long but slightly shorter (71″ vs. 77″ tall).
2026 Cadillac Vistiq trim
Starting Price
Luxury
$78,790
Sport
$79,290
Premium
$93,290
Platinum
$97,890
2026 Cadillac Vistiq electric SUV prices by trim (including the destination fee)
Rivian’s R1S starts at $75,900 and has an EPA-estimated range of up to 270 miles. The R1S Dual, on the other hand, offers a 410-mile driving range for $82,900.
Cadillac is expected to begin Vistiq production early next year, with the Luxury, Sport, and Premium trims set to go on sale first.
Which electric SUV are you choosing? Cadillac’s new Vistiq or the Rivian R1S? Drop us a comment below and let us know.
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In the waning days of a Biden Administration which has been marked by huge progress on clean air and EV policy, the US government has approved California’s emissions rules which would end gas-only car sales within the state by 2035.
California’s “Advanced Clean Cars 2” light-duty emissions rules, which were finalized in 2022, have now received their final step of approval from the federal government, in the form of an EPA “waiver” that allows California to set its own emissions rules over and above those of the federal government.
The EPA also approved a requested waiver for low-NOx regulations for heavy duty and off-road engines at the same time.
Environmental organizations responded positively to the move – with EarthJustice, Sierra Club, the Environmental Defense Fund and CALSTART joining the chorus in our email inboxes this morning.
California has requested waivers for several other sets of emissions rules, but some are still pending and may or may not be granted by the EPA within the next month.
Environmental organizations further called on the EPA to approve California’s other requested waivers as soon as possible. Sierra Club Clean Transportation for All Director Katherine Garcia said “we urge the EPA to swiftly grant the remaining California waivers, which are crucial for states to protect their residents from transportation pollution.”
EPA said in its release today that “EPA continues reviewing additional waiver requests from California and is working to ensure its decisions are durable and grounded by law.”
The history of California’s emissions rules
For decades now, California has had a special “waiver” given by the federal government, allowing it to set its own emissions rules as long as they are stricter than the rules for the US overall.
This is due to heavy smog problems in California – especially in the areas around Los Angeles, its largest city and home to the nation’s largest container port; and in the central valley, which is the most agriculturally productive land in the country. Both of these places have geography that traps smog from the millions of cars driving on their roads every day and results in particularly bad air quality.
And so, since the 1960s when the California Air Resources Board was created (by then-Governor Ronald Reagan), California has generally exercised its state’s right to set its own emissions rules. Other states are allowed to follow these rules, but only if they copy them exactly.
These clean air rules have been a success, resulting in a >98% reduction in vehicle-based pollutants in the LA area, even as total vehicle miles traveled have gone up (and that news was from 2012 – it’s gotten even better since then due to EVs). But there’s still more to be done, because California still has air quality problems.
California’s new set of rules has been in the works since 2020, and will have the effect of ensuring that there are no new gas-only vehicles sold in the state by 2035 (though there can be 20% plug-in hybrids, but those hybrids have to fit certain requirements to ensure they actually get used properly).
California intentionally chose this less-ambitious 2035 timeline because it thought it would make it easier for other states to follow along. And as a result, 11 other states covering around a third of the US new vehicle market have said that they will adopt the standards.
The new emissions rules are expected to save Californians $13 billion in health costs, avoid thousands of deaths, cut auto emissions by half, and result in almost a billion fewer barrels of petroleum being burned. Other states will see similar improvements in health and money savings.
EPA grants new California waiver – with another clean air fight looming
All of this was contingent on the EPA signing off on the regulation, which it did so today.
The approval isn’t unexpected, but comes quite late during President Biden’s term, which has been marked by significant improvements in emissions rules and EV policy, leading to a boom in domestic manufacturing jobs and investment.
While a procedural step like this normally would not be particularly notable, there are some complicating factors here.
First, since it is late in the current Congressional term, the incoming Congress could attempt to reverse it through use of the Congressional Review Act, which republicans have made use of often in recent years to try to stop regulations that might improve Americans’ health. However, since the waiver is not actually a federal regulation and rather a state one, the Congressional Review Act doesn’t apply.
The larger threat is that, unfortunately for America, the next occupant of the White House is convicted felon Donald Trump, who finally received more votes than his opponent on his third attempt (despite committing treason in 2021, for which there is a clear legal remedy). Mr. Trump has stated quite forcefully that he wants to reverse President Biden’s clean air policies, thus saddling Americans with dirtier air, higher costs and poorer health, and sending EV jobs to China to ensure that this new boom in American manufacturing is unable to flourish.
The primary actual outcome of the last fight with California was to de-harmonize federal and California standards. While California has mostly gone it alone since the 60s, there was a brief period in the 2010s where California and federal rules were harmonized – but industry lobbying resulted in a shattering of that harmony, giving companies a more difficult regulatory environment.
Industry learned their lesson, but republicans still aiming for dirty air
As a result, this time around, industry has decided to lobby against shattering emissions standards, recognizing the chaos that was caused the last time an ignoramus got involved in setting auto regulations.
Despite the desires of the industry in question, Mr. Trump has signaled that he wants to “rip up” California’s waiver again – even though the law does not specify a method to revoke a waiver once it is granted, as EPA did today.
There is in fact no legal pathway described in the Clean Air Act which allows for the revocation of a waiver once granted. So according to the law, even if the upcoming EPA run by a dirty air advocatewanted to revoke the waiver, it would have no legal way to do so – it could only refuse to grant a waiver for future requests by California. But since California’s current ACC2 regulation covers model years up until 2035, a refusal to grant a waiver in the next 4 years would likely have little effect.
Further complicating the issue is that this time, Mr. Trump has a corrupt kangaroo court at his backing, which has routinely ignored the law to legislate from the bench. However, that same court did decide twice in recent days to let California’s clean air rules stand, so let us hope that they continue to see reason in this realm – we’ll have to wait and see.
(Note: this article has been updated from an article last Friday which commented on earlier rumors that the approval was upcoming)
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Toyota just got a $4.5 million boost from the US Department of Energy (DOE) to make EV batteries more sustainable.
The funding comes from ARPA-E’s CIRCULAR program, which focuses on creating a sustainable, domestic supply chain for EV batteries.
The project, led by Toyota Research Institute of North America (TRINA), aims to tackle one of the EV industry’s biggest challenges: What do we do with old batteries?
Right now, disassembling battery packs and figuring out which parts can be reused or recycled is a slow, manual, and costly process. Toyota, teaming up with Oak Ridge National Laboratory (ORNL), the National Renewable Energy Laboratory (NREL), and Baker Hughes’ Waygate Technologies, is working to change that.
Building the battery recycling center of the future
The project will focus on resolving the primary bottlenecks in the battery supply chain cycle, which are automating battery pack disassembly, data-driven battery classification, and addressing cell degradation. Think of it as a high-tech recycling center where every part of a used battery is carefully evaluated.
This approach could extend the life of valuable battery materials, reducing waste and the need to mine new resources. The ultimate goal? A blueprint for what Toyota calls a “3R facility of the future” – a place to reduce, reuse, and recycle batteries on an industrial scale.
Nik Singh, principal scientist at TRINA and principal investigator on this project, says the project could reshape how the industry approaches battery recycling:
This project and program will highlight avenues for everyone to rethink their approach to battery circularity, and help prioritize the extension of battery life, facilitate battery reuse, and reduce battery waste.
Tech innovations to close the loop
The team’s plan includes:
Automated battery pack disassembly to speed up the recycling process.
Advanced diagnostic tools to assess the condition of battery cells and modules.
Refabrication methods to turn old cells into new energy systems.
The payoff? Batteries that are reused and refurbished first – recycling becomes the last resort.
Marm Dixit, leading ORNL’s contributions, points out the environmental benefits. “By extending the life of the battery components, we reduce their total emissions per mile. That’s a big deal for the role EVs can play in the energy transition,” Dixit said.
NREL’s role will involve cutting-edge tech like machine learning and imaging using nano computed tomography to analyze the health and lifespan of batteries quickly. Baker Hughes’ Waygate Technologies will bring its expertise in non-destructive testing with advanced imaging systems.
Toyota’s Battery Lifecycle Solutions (BLS) team plans to take these innovations from the lab to real-world applications. “By applying the innovations established from this project, we aim to create a framework that not only reduces battery waste but also enhances the circularity of our battery supply chain,” said Sarah Kennedy, BLS manager, who is leading the technology to market deployment.
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