Thousands of city workers in san jose could vote to go on strike this week over failed contract negotiations. We have details on their demands. We have breaking news we have been about. We will start with the four alarm fire in San Francisco i just mentioned. Justin andrews live at the scene in the hayes valley neighborhood. We know there are still some hotspots. What else is going on . Reporter this fire broke out just before 6 00 this morning. Crews are still out here on scene putting out hotspots and monitoring this thing. Keep in mind, they will be out here for several more hours. Take a look at what is left of this building after this fire broke out. You can see the debris. A lot of fire crews are still out here. I want to call your attention to these fierce flames. You are looking at this fire during the height of it does flames were gnawing right through this building that is under construction. This is at the intersection of octavia and oak streets. This is the main thoroughfar
Elissaar has more on what could happen next, alyssa. Thats right. Well, officials were looking for a buyer and we were expecting to hear an announcement sometime today, but at this time, we are still waiting to learn the fate of First Republic bank. The feds were expected to take over First Republic sometime this weekend. I spoke with an economist about what another bank failure could mean for the banking industry. First there was the failure of Silicon Valley bank, then Signature Bank and now another one is on the chopping block. First Republic Bank headquartered in San Francisco, depositors pulled out more than 100 billion last quarter. First Republic Bank has been hurt, just like Silicon Valley bank, hurt by an enormous run on their deposits. Jim wilcox, you see, high school of business professor and economist, explained how this run on the bank can lead to failure. Theyve had to replace these deposit. That they have been paying very low Interest Rates on and still would be with ver
Temperatures falling into the teens during the nighttime hou hours. Those dangerous wind chills and a wintry weekend actually a wintry mix that will be a mess as we go into the weekend. Well talk more about that with your seven day forecast later in the broadcast. All right, thank you very much, kathy. An open sky and broken hearts in Atlantic City as hundreds gather to mourn a new jersey state trooper. Trooper Frankie Williams tune wal was today. 31yearold died last week in the line of duty. Fox 29s joyce evans is here. Hes remembered as an up standing man by all who knew h him. Guys were talking about brand new husband starting a new career and a whole new life. It was all ended in the blink of an eye. The weather outside reflecting the pain felt inside that private funeral and burial of a young man and straight trooper who friends and comrade say had that special glow. The sound of rain and footsteps. On a cold gray dreary day. The back drop as Law Enforcement officers predominantly
Good morning, everyone. Welcome to the newly refurbished i dont want to call it the oversight investigation room. Which is sometimes used by energy and commerce. What a beautiful room. And it will be more conducive to hearings. This is the first of the 115th congress. Welcome here. And welcome to our Witnesses Today. This is our and welcome back to my friend and colleague, Ranking Member from colorado. This is our medicaid oversight hearing on ways to strengthen the problem. The subcommittee convenes this hearing to examine a critical component of the Patient Protection and Affordable Care act. Medicaid and Medicaid Expansion. As the Worlds Largest health program, medicaid provides Health Care Coverage for over 70 million americans, and accounts for more than 15 of Health Care Spending in the United States. In 2015 alone, federal taxpayers spent over 350 billion on medicaid. The costs continue to rise each other. The federal share and medicaid spending is expected to rise significantly
Kenny the slider retired one away. The patriarch of the family, but statement passed away at the age of 80, college professor, youth baseball coach here in new york. Longtime its been dating back to the days of hodges and add cream pool, he touched the lives of 100 the thousands of athletes. And players are in the new york area. Harold thats great you bring that up, quite a tribute, welldeserved. Kenny with the mets trailing the braves tonight 43 after taking a 30 lead behind the steven matz who was a local product as well. Heres erick aybar. Harold a lot of players out of the northeast were drafted this year. Kenny the fact the braves firstbase speaking of the draft, the son of 36 round pick the braves. Harold to braves number one pick is from upstate new york. High school pitcher. Kenny mets drafted a pitcher in the second round named anthony k out of the same high school as a steven matz on long island. Harold university of uconn, right . Kenny steven matz told us yesterday he met a