Takeaway from all of this is that weve had a remarkably resilient and robust economy. The job market continues to be strong. The demand for workers continues to outstrip supply, and there is a prospect for lower Interest Rates in the fall. Yeah, its interesting whats happening. Lets bring in our business and tech reporter scott budman. We talk a lot about tech stocks obviously around here. Are tech stocks fueling this surge . They largely are raj because right now tech stocks are fueling the ai surge. And thats whats red hot right now. And where everybody wants to put their money. But thats really whats fueling the individual stock surge. Whats also fueling the 40,000 and records. By the way, this week for the nasdaq and the s p 500 are the broad ranges of stocks that people are investing their retirement and College Funds in. Right now, just about everybody out there wants a piece of the market. Sure. And thats 401 ks. And what we do for the 529 for our. Exactly. And so forth. Okay. S
At 5 30, a live look from the nations capitol where the race for the white house is starting to ramp up. Cybersecurity experts are ramping up also to prevent outside interference one day after the president ial contenders agree to a pair of debates, Vice President Kamala Harris saying shes on board whoever her opponent may be. The Vice President accepted an invitation from cbs for a debate on july 23rd or august 13th. Former President Donald Trump has not yet named a running mate, but cbs news also extended the offer to the trump campaign. President biden and former President Trump agreed to face each other twice, the first on june 27th hosted by cnn in atlanta, the second hosted by abc on september 10th before early voting begins. The debates are not expected to have a Live Audience and the Biden Campaign wants moderators to be able to cut the mic when its not someones turn to speak. Homeland Security Officials are warning foreign actors could try to influence the upcoming elections,
F0 now at 11 00. Open corruption. A billion dollars. He says hes not running for president , but what happened today at the vatican is making people wonder if he has his sights on the white house. Plus its a type of pollution we often overlook, and this mans solution is basically a giant vacuum cleaner. Almost instant gratification. How hes using it here on the bay area on a mission against emissions. And this Silicon Valley home is as big as a garage. But wait until you hear the price. From kpix, this is the late news with sara donchey on cbs news bay area. And good evening, im Juliette Goodrich in for sara tonight. You know, governor gavin newsom has been insisting that he does not have his eyes on the white house. But for the first time in the past two years, hes been taking out billboards and putting out ads in other states. These in particular slamming restrictions on abortion policies. So in november, he even went head to head in a televised fox news debate with Florida Governor
Home is as big as a garage. But wait until you hear the price. From kpix, this is the late news with sara donchey on cbs news bay area. And good evening, im Juliette Goodrich in for sara tonight. You know, governor gavin newsom has been insisting that he does not have his eyes on the white house. But for the first time in the past two years, hes been taking out billboards and putting out ads in other states. These in particular slamming restrictions on abortion policies. So in november, he even went head to head in a televised fox news debate with Florida Governor ron desantis who was running for president at the time. And hes been promoting the state as a Global Leader on Climate Change. Also making a rare trip to meet with the chinese president xi last fall. And then today, newsom was at the vatican. And as steve large shows us, he took the opportunity on the world stage to take shots at former president trump. My name is gavin newsom. I come from a state you may have heard of. Calif
Now at fivethirty, oaklands mayor says her city is continuing to make progress in fighting crime and shes updating us on the struggles of dealing with homelessness force catherine heat. It is in the newsroom tonight with details on what the mayor had to say. Good evening, catherine. Hello to both of you. And you know that the latest crime numbers in oakland are really very encouraging. If not in all categories. As for homelessness, it is still going up. The mayor talk to us today about both issues and what she thinks is working. More people are accepting housing. The mayor talked about the fact that in the latest count, Homelessness Group by 9 in oakland. Those numbers released just this week, but at least the rate is slowing down. 9 does not sound as drastic. When you consider the citys Homeless Population grew. 47 from 2017 to 2019. And 24 between 2019 and and so this 9 increase is actually a significant success shows that we are, you know, closing some of these homelessness issues.