Rising crime is having on Small Businesses. Good evening. Thank you for joining us. Im dan ashley. And im karina nova. One of their demands is they want governor gavin newsom to come to oakland to meet with them and hear about the problems. Abc seven News Reporter unser hassan was there as they rallied and talked with several owners who participated in todays strike. It is enough that we are having to put up with this. This is enough. Can i hear enough . Enough. This is enough. Enough, enough, enough. Organizers say when a legacy business like le cheval restaurant in oakland is forced to close due to crime, its time to demand more. Demand that our government city, state, federal fulfill their end of the social contract to provide basic safety in our streets. Youre here. Hey without basic safety, there is no business without basic safety, there is no community. Without safety, there is no city. Oakland Business Owners who closed their stores showed up for a rally in front of le cheval.
Target says its closing up shop in several places to organized crime. Some of those stores right here in the bay area. Thanks so much for joining us, everybody. Im Vicki Liviakis and im grant lotus. The company says these closures are because of safety concerns and theft. 3 stores in the bay area are affected going to be shutting down. Kron fours met harry joins us live. She is at the pittsburgh target and thats a popular target. Amanda. Its a popular target and it is the biggest target location in the bay area. That will be closing in this list of closures. And you can see behind me there are all of these cars here. All of these people come october will have to go all the way antioch to the nearest target location. Thats about 8 miles from here. Target said in a statement they cannot keep operating these storms because of theft and organized retail crime. They say they feel both their team and the guests are at risk. Its contributing to an unsustainable business. Target says they made
Oversees the Financial Assistance program says that this applies only to single adults between 18 and 65 years. Old. And that right now about 5200 people are receiving the Cash Payments anywhere between 10700 per month. But at this time, people qualify for that money by self declaring that they are suffering from Substance Abuse disorder. So the mayors plan would change a few things. It would require people to be screened to prove their addiction to drugs. That process has yet to be determined and they would have to get into treatment. Mayor breed says that part too many people are refusing available help and are dying from drug overdoses. So its time for new approach. People are not accepting help. And so now its time to make sure. That were cutting off resources that continue to allow this behavior to occur with out the economy, liddy, without someone involved in a Treatment Program that could lead to a better life. So i reached out to all board supervisors to gauge their stance. Let
The 200 Day Moving Averages. The nasdaq where the biggest pain is today. Several megacap tech names see moderate shelling. We see the names with amazon, which is sharply lower as the ftc hits the company with an antitrust suit well have an update on that in just a little bit. Alphabet, apple, microsoft, theyre all lower as well. Take a look. 2 declines. That does take us to our talk of the tape is there still a bull case to be made for stocks in the years final stretch . Some suggest despite all of what we just said, the answer is yes. For more, lets bring in adam parker, founder and ceo of research, and cnbc contributor lets say that i was talking to mike santoli came up to me and said President Biden obviously went to see the striking uaw workers today. Said him saying he supports a 40 increase in pay for uaw workers sent stocks lower. I was looking at gm and ford, they were lower. Put that into context as one of those areas that has us uneasy in the markets today. Right we have wage
Table. Well, then the president will head to San Francisco, where hell stay at the renowned fairmont hotel. Tomorrow, hes scheduled to meet the president s council of advisors on science and technology. Theyll likely discuss the latest developments in tech, including regulation of Artificial Intelligence ence, among other topics. And as we mentioned, the president arrived in the bay area from michigan. There he became the first sitting president to join striking workers on the picket line. The president expressed his support for members of the United Auto Workers union who have been on strike for 12 days now, telling them to stick with it. He says they deserve to be rewarded for the sacrifices they have made to help bring back the auto industry, which is now enjoying massive profits. All right. Now developing news with target citing rampant theft. The retail chain says its close, saying nine of its 1900 stores nationwide. So three of those stores are here in the bay area. The others ar