Hello, im sara donchey. If we told you there was a corner of San Francisco where businesses are so desperate to get office space, theyre in competition with each other. Would you believe us . What if we told you its become a northern extension of Silicon Valley with vcs moving in left and right . Well theres been a kind of exodus downtown with no skyscrapers, no bustling busy streets is attracting businesses. Were talking about the presidio where vacancies are 5 compared to 35 in the city as a whole. Max darrow has more in the city where some are calling sand hill road north and the key to its success. Reporter depending on the time of day and what hes got going on, sometimes youll find cooper in his office or youll find the ceo of hamiltons doing business a twominute walk away from his office. I take calls out here all the time, standing right here, looking at the golden gate bridge. Reporter his company owns and operates apartment communities in 20 states and has been based in the pr
He was an oakland native who shot to stardom in hollywood, but never forgot his roots in town. We are all going through something. How a bay area music legend is trying to send a message about Mental Health after the death of actor angus cloud. [ music ] he spent years making people smile on Fishermans Wharf. How total strangers are trying to help a wellknown performer targeted by thieves. Instead of moving out. This San Francisco neighborhood actually has a waiting list for businesses to move in. Hello, im sara donchey. If we told you there was a corner of San Francisco where businesses are so desperate to get office space, theyre in competition with each other. Would you believe us . What if we told you its become a northern extension of Silicon Valley with vcs moving in left and right . Well theres been a kind of exodus downtown with no skyscrapers, no bustling busy streets is attracting businesses. Were talking about the presidio where vacancies are 5 compared to 35 in the city as
kev kev quite a date here in the nation s capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking b word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. reporter: while the fdic insures bank deposits to a quarter of a million dollars, nine of 10 depositors of xeb had more than that amount in the bank. still, the administration says they ll be covered. nothing to worry about. that also includes customers of new york-based signature bank which also collapsed over the weekend. the third largest bank failure in american history. signatu
next question at white house correspondent peter doocy is traveling with the president. good evening, peter. good evening, president biden helping to prevent a run on the banks by signaling to consumers that wealthy banking negatives are out of luck but every day folks with money in bank accounts can be guaranteed their money is safe. they are very careful to avoid using the b-word, bailout. see you in california. the plan to talk about training sailors to work out of a new joint nuclear sub base in australia to counter threats in the indo-pacific. these subs indo-pacific. the subs are powered, not nuclear armed subs, nuclear power, not nuclear armed. the president s trip not the biggest story, that s the collapse of the silicon valley bank. your deposits will be there when you need them. they will come to the deposit insurance fund. no losses will be borne by the taxpayers. job losses are coming for those president believes that took advantage of regulati