[background noises] good afternoon everyone. You look like a great crowd here this afternoon. Before we even start give yourselves a big round of applause for coming to learn more about closing the wealth gap in diversity and inclusion. We have some wonderful panelist with us this afternoon. I am so pleased to be here today and honored to be hosting this panel on Financial Services closing the wealth gap and providing access to capitol my name is maxine waters. [cheering] formerly chair of the Financial Services committee of the house of representatives and now the ranking member. Still trying to carry on the work that we were doing as a chair. As you know after the recent election they were able to get control of the house of representatives and they dismantled our subcommittee that i had created on diversity and inclusion. But we are going to talk about what it means to have this wealth gap. You are going to talk to some people who are dealing with clothing this wealth gap have to cl
[background noises] good afternoon everyone. You look like a great crowd here this afternoon. Before we even start give yourselves a big round of applause for coming to learn more about closing the wealth gap in diversity and inclusion. We have some wonderful panelist with us this afternoon. I am so pleased to be here today and honored to be hosting this panel on Financial Services closing the wealth gap and providing access to capitol my name is maxine waters. [cheering] formerly chair of the Financial Services committee of the house of representatives and now the ranking member. Still trying to carry on the work that we were doing as a chair. As you know after the recent election they were able to get control of the house of representatives and they dismantled our subcommittee that i had created on diversity and inclusion. But we are going to talk about what it means to have this wealth gap. You are going to talk to some people who are dealing with clothing this wealth gap have to cl
Reaction when she opened her Home Insurance bill. I was dumbfounded because it went our our premium, our annual premium. Absolutely doubled. Her premium jumped from 9,000 per year to 18,000. The insurance is for the familys second home in amador county. It comes at a time when Insurance Companies have been canceling policies and hiking rates, largely citing fire concerns. But pamela says that home isnt even in a high fire zone, so shes confused by the huge increase the family called farmers and we said, whats the justification for this rate increase . And they said it was due to california and california inflation, and thats the only justification that they could give us. We reached out to Farmers Insurance for comment, but have not heard back. Well, doubled is a lot. Its outrageous. Robert wood is an economics professor at san jose state. Wood says the Insurance Market instability is driving the large premium increases. The Insurance Companies are kind of in a panic, and theyre grabbi
Up in court . Plus, Home Insurance is getting even pricier. I was dumbfounded because it went our our premium, our annual premium absolutely doubled. Is this a sign of things to come and how can you fight back . Were getting some advice from an expert and a plan to make barts subway tunnels safer. Has been sitting in limbo for six years. We investigate. Good evening. This is nbc bay area news tonight. Im raj mathai. We want to start with some breaking news here. A freeway shooting in the south bay. Sapd confirming to us they are on scene at the mclaughlin exit on 280 in East San Jose. Police say one person was shot and has life threatening injuries and the off ramp there is blocked off. Drivers should have obviously avoid that area again. This is on 280. In East San Jose at the mclaughlin exit. Were working to get more information on and well get that to you as soon as that new information comes in. Our other big story tonight, the president has left the white house and hes on his way
[background noises] good afternoon everyone. You look like a great crowd here this afternoon. Before we even start give yourselves a big round of applause for coming to learn more about closing the wealth gap in diversity and inclusion. We have some wonderful panelist with us this afternoon. I am so pleased to be here today and honored to be hosting this panel on Financial Services closing the wealth gap and providing access to capitol my name is maxine waters. [cheering] formerly chair of the Financial Services committee of the house of representatives and now the ranking member. Still trying to carry on the work that we were doing as a chair. As you know after the recent election they were able to get control of the house of representatives and they dismantled our subcommittee that i had created on diversity and inclusion. But we are going to talk about what it means to have this wealth gap. You are going to talk to some people who are dealing with clothing this wealth gap have to cl