15 an hour. The increase would take effect by 2022. Toernor brown is expected sign the measure. Global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. Im Mark Crumpton. Bloomberg west is next. Cory im cory johnson, in for emily chang. This is bloomberg west. Thousands lining up to drop a grand on the car they still have not seen. We will look at the review of the tesla model 3. Fitbit shares up today. Interesting data about how people are using their fitbit. Problems, and title is definitely one. First in the league, tesla taking reservations for its massmarket vehicle. People around the world lined up down 1000e to put on a reservation. They would not take reservations online, only in lines, until after the close. The car will not be in full production until 2018. They are still taking those deposits. Out musks master plan laid a decade ago, to enter the market on the high end, then drive down the market as fast as possible to highe
The middle class has been a major issue, the condition of the middle class in this country. The people at the Pew Research Center that said the american middle class is losing ground. We want to get your thoughts this morning on what policy is needed to help the american middle class. Byare going to break this up income. Here is the headline to the poll. They didnt couple of months back. Its very relative to this campaign. People say the government doesnt do enough to help the middle class. There are mixed views on which class the democratic hearty favors. This is a chart. They asked 1500 people which social classes do the republicans and democrats favor. Said republicans favor the rich. When those same people were asked about democrats, 31 said they bring the poor. 32 say they favor the middle class and 26 say the rich. There are some overview points. There are now roughly as many adults in middle Income Housing as in lower or upper income households. This is a shift from four decades
Thanks, kari. Look at San Francisco and pacifica. Some people were loving it. Others not so much. That story in just a few minutes. We should note our free nbc bay area app is a great resource to tracking this changing weather. Just click on the weather tab to get your personalized forecast. We are following breaking news right now. Saw sauce l sausalito. Look at this video here. You can see this crash on lower crescent road. The truck was carrying hot asphalt this afternoon when it lost control on a steep road. The driver backed into this house. He jumped out as the truck rolled backward. Slammed into the top floor of the second story of the home. Fortunately two people inside at the time were not injured. Showing you a live look right now. This is from our nbc chopper. The top floor of the home is completely off its foundation. It could actually fall into other homes that are below it downhill. Firefighters have evacuated people in those homes as a precaution. How bad is the problem
A huge payday coming up for the executives at first data. Getting ready for the biggest ipo of the year. First, to our lead. Yesterday, twitter interim Ceo Jack Dorsey back for good. Saying itode updated is not a done deal. Twitter shares closed down slightly today. Dorsey seems to be the topic for the job. He is the only picked for the job right now. What does it mean for twitter and square . , theng me from new york david austin professor of management with m. I. T. , Bloomberg News reporter covering ideas from yourou hearing sources today about what this means and what it does not mean . Reported that according to our sources that they were planning on moving forward with the ipo with or without jack dorsey. Bankers think the company is healthy enough to go on. One thing to keep in mind is this ipo process includes a roadshow out marketing and pitching the company. It does raise questions for investors, are they comfortable buying into new public shares at a company where it is not
[chanting] and the pressure and his Parliament Takes up a bill for punishment for juveniles accused of serious crimes. Iraqi military advance to the center of the city of ramp da to flush out i. S. I. L. Fighters and they say there have been some casualties in fighting in the south of the city and army reportedly surrounded the city from all sides and they seized the capitol of Anbar Providence and north ramadi 14 security fores and tribal fighters have been killed in an i. S. I. L. Attack and joining me on the phone from baghdad is a member of parliament from Anbar Providence and tell us what you know about this latest offensive. Thank you very much and you know as you know at midnight that offensive to go to ramadi starts by iraqi forces and the group and huge progress towards ramadi and the iraqi forces, they are doing very Good Progress. There is a test from i. S. I. L. In some area and other bases but the special iraqi forces, they are doing very Good Progress even slowly but its