20 Burst results for "David Welch"
KCBS All News
"david welch" Discussed on KCBS All News
"The Sydney should literally go back and see what their predecessors actually did. In San Francisco, David Welch, case CBS. California's public owned utilities overhauling how they calculate electric bills, the goal is to set a progressive billing that would charge less to lower income households, energy economist Ahmed farouki says the idea is to encourage people to shift to electric appliances and cars. There should be fixed charges that would be based on customer incomes, so the higher your income, the higher it would be the fixed charge, the lower your income, the lower will be a fixed charge. The idea is to encourage affordable electrification because the hope is that this will lower the energy charge at customers look at when thereby, let's say, a new car, electric car, or a heat pump. But he isn't confident the plan will work as it does nothing to address the state's highest in the nation electricity costs, the overhaul is required by a new California law, public utilities commission has until next summer to sign off on the plans. A mutual admiration society among the warriors and the kings will have more on that coming up in just about two minutes. Next time, one 30. This is flee for this little light. The podcast about falling in love with music. I started a nonprofit music school about 20 years ago called the silverlake conservatory of music. The reason that I started doing this podcast was music education, I'll be speaking with Rick Rubin ThunderCats, Stuart Copeland, Margo price. Corey Henry, Cynthia erivo, Sheila E. and Patti Smith. Please listen and
WTOP
"david welch" Discussed on WTOP
"A Bloomberg money minute. Drivers who have waited until now to replace an aging ride are encountering sticker shock and high financing rates. Car payments are at a record 7 70 a month for new cars and about 5 50, 5 40 for used cars, which is quite a lot. Bloomberg's David Welch. In order for vehicles to get as affordable as they were three years ago, vehicle prices will have to basically crater and I just don't see that happening. A lot of middle class people can not sensibly afford these new cars. There is some irony in the fact that automakers need to maximize profits from traditional internal combustion engine cars and trucks to help pay for the transition to electric vehicles. So don't expect relief any time soon. I do think we're at a peak for pricing right now. It will soften up and come down. I don't think it's going to come crashing down to the point where we're seeing 400 hour a month average payments again. I think affordability is going to be an issue going forward. From the Bloomberg newsroom, I'm Jeff Bellinger on WTO. Just ahead after traffic and weather, Southern California reeling from snow and the fact that they got any snow in the first place. It's 1156. I switched to boost mobile and got a free Samsung galaxy a 23 5G phone. Want to know the best part? It was free? Nope. The fact that it's on America's largest 5G networks? Nope. It's the ding. Oh yeah. Love the dang, right? It's all about the ding. It's the dinga ruski. The dinger on air, the ring of ding ding. Unleash your power to save with boost, get a free Samsung galaxy a 23 5G phone when you switch. Boost mobile unleash your power. And the ding, let me time off
Bloomberg Radio New York
"david welch" Discussed on Bloomberg Radio New York
"John Tucker, thanks very much for that JT there with your Bloomberg business flash. Now, I am in a bit of a tough spot right now. Are you? I'm looking for a couple cars that you have a couple cars? I have to have, well, there's certain, especially the Dodge challenger. I have to get a dog. Not really. No Before they are done making them. So this is the last year for the 6.4 liter Hemi and I must have. That's what I hear. A challenger, scat pack, widebody, tough to find allocations for that. And the prices are off the charts. I also want to Bronco, but I was at the Ford dealership the other day, and they said, look, Ford's putting a stop to the good combinations with the big sasquatch package, you know? Sure. And they're just giving out the little ones right now. Okay. So that's heartbreaking. And that's not even getting into electric car territory. So if I wanted a lightning right now, or if I wanted to order a Silverado EV, I mean, I would be paying probably a hundred grand. It's crazy. Prices are off the charts right now. I want to bring in David Welch, who wrote our big take story today about this pricing situation. Car prices hit record highs as automakers limit output. And we're seeing it really across the industry, but EVs play a big piece into this right now. David, joined us out of Detroit, the motor city, obviously. So David, what are you finding? Because we've been in this situation for a couple of years now where prices are just ramping up and it doesn't seem like there's any end in sight. Yeah, they've been going not since really the pandemic started. And a lot of it is production related. But going forward and even to a certain extent right now, car companies want to keep production somewhat constrained because they've learned that making fewer vehicles and selling them at big prices is just a way better business than flooding dealer watch with a bunch of production and hoping it'll sell and when it doesn't inevitably put in four or $5000 in rebates out there to make it move. But that's how they've always done it. There's no way they're going to maintain this discipline, are they? Well, we'll see, but we're talking a few numbers first. So Toyota and General Motors say that the industry probably has enough semiconductor chips this year. In the U.S., let's start with to make 15 million vehicles, which is two to two and a half million fewer than they usually make in years of pretty strong economies and low unemployment. Like this one. And that's been the case for the press couple years. In fact, we only saw about 13 million last year. So there's a lot of pent up demand out there. People looking for cars. People like you who either couldn't find what they wanted because it didn't exist, or they did find what they wanted, but dealer was charging 2000 over sticker and they walked into the they just keep driving their card wait till prices came back. What I would give for $2000. That would be a dream come true. I'm hearing David, I'm hearing on the challenger, I'm hearing the best deal I've heard so far is 5000 over sticker and good friends of mine whom I've grown up with since elementary school are saying ten to 20 K over. Crazy. There are some crazy gouging. Those are the exceptions. And I was searching for a key of my daughter helping her find a car and she ended up having to buy some stupid thing where you basically scotch or the seeds for 400 over sticker and that was it. And some are one or 2000 stickers. A lot of that has actually gone away. So prices are softening up a little. But there's just not enough production out there and still in a pent up demand where these high prices are probably going to last this year and maybe into 2024. And that's when what kind of figure out, do they really have discipline? Yeah, that's kind of in production. I mean, I'm just looking at you have the big take story today out on this topic so you can find that at Bloomberg dot com slash big take or NIH space big take go on the Bloomberg terminal. And it is a deeply reported story here, but it just comes down to, I think back to the Henry Ford, I mean, that's the business model. Crank out 17 million star and you move them. But I understand that this is a better economic model. David, I will tell you that Paul's been pushing for automakers to get back to peak star. For a couple of years now. So this is along with working from home. This is one of his pet peeves. And there's no shortages of chips and stuff, right? I mean, so they're still are, right? David, they're still our children. Yeah, there still is. The chick shortage is not binary. We don't go from having nuns a heading as many as you possibly want in fins all over by the roadside, like that. Like I said, turn on GMC, we're going to go from having a dearth of chips to being able to make about 15 million vehicles this year. That's not near peak, it's like that's 12, 15% will peak. So if you have, if you're still 12 to 15% lower peak in terms of what you can produce this year. And there's still a lot of consumers out there like you guys who want a car, then it's still a seller's market. And also one more thing. This year and next, we're going to have about 5 or 600,000 fewer vehicles coming off lease because automakers and fevers were not releasing as much. So people can curse they purchase they can hold longer than a lease. We got to buy the car, get something new. It's just what the contract says. So the used market, even though that has been softening up a bit is still not going to come roaring back as a source for cars because you don't have as many coming off lease. I'm not saying prices won't weaken this year for new hand use curves. I think they will, but in order for it to get really affordable, which is the whole point of the big take for middle class buyers to be able to afford this and get a payment from the current rate of 770 bucks a month down to a more affordable 400 a month. Persons don't need to soften the world this year. They need to collapse. They're not. They're not. But we do see some softening you point out in the story and I remember Paul and I spoke with Keith not when he had talked just talked to Ford about cutting prices on the Mach-E. And they told him in response this question, why? Well, we got to do it because Tesla just cut prices. So you're starting to see little cracks, right? And the question is, can, you know, if Jim Farley and Elon Musk are already, you know, are already falling out of rank. Can Mary bera and Mark Royce and the rest of the industry hold the line? For the moment, I think the EV market and the internal combustion
KCBS All News
"david welch" Discussed on KCBS All News
"Have some humane solution to this reality. CBS News special report, I'm Monica ricks. One 32 allocation and Bart is an immune to storm delays, especially during significant storms like the ones we've been experiencing. This case CBS is David Welch reports this afternoon, the transit system takes significant steps to make sure it's safe to ride in heavy rains. One of the first things you'll notice when you're riding bark during a heavy rainstorm, the trains move much slower. Chris philippi with Bart says there's a good reason for that. We call it a rain profile or a rain file that we established whenever The Rain becomes significant. That's because it gives train operators a time to react to debris or obstacles on the tracks. The other reason has to do with the train's wheels. We're hoping by reducing speeds that we can reduce the friction that they experience under wet conditions because that can lead to problems with the wheels. Several trains develop flat spots on their wheels during the last big storm. It didn't cause any significant delays, but it did slow down the system even more. Felipe says Bart does a lot to prevent fully stopping trains during big storms, but he's urging riders to plan ahead in the event that happens. And a big part of that is downloading the part app because that allows them to look at real-time departures on their phone. And who doesn't like looking at their phone when they're riding Bart. David Welch, still a lot to be done in the capitol village that was battered by the recent storms. Jennifer Hodges reports in the village with people had taken advantage of a break in The Rain to check things out today. Many capital residents telling CBS the damage they're seeing out here isn't surprising. We have expected this to happen many years ago because the SoCal creek was eating away
KCBS All News
"david welch" Discussed on KCBS All News
"And polarizing year in politics from monumental Supreme Court decisions to some surprising midterm elections, and as case CBS and David Welch reports for one prominent Bay Area political family 2022 was the year that politics collided with family. Democratic political strategist Christine Pelosi had a front row seat to 2020 twos biggest political moments. But for her, the year's most significant political event took place at her family's home. From a personal perspective on what stood out to me was the vicious attack on my father, Paul Pelosi. And although the attack was personal, she says it also reminds her how divided politics have become. When you consider the deep, deep divide in the response to the attack on my father from the vast majority of Americans feeling sympathy and from the conservative Republicans making fun of him and continuing to make fun of him to this day. But for her, that divide also provides a glimpse of a country in transition. And although political ideology proved the loudest, she sees more and more Americans finding value in personal freedoms. The voters really making a decision that we want to make sure that we continue to be able to control our own destiny and not be told what to do by a small minority. David Welch, Casey BS. We'll update a crash in nevado traffic in 60 seconds. The simplest healthy habit to start this new year is one for your dog. Every day, more dog people and more vets are quitting the kibble. Kicking the cans, and feeding their dogs dog food that's actually
KCBS All News
"david welch" Discussed on KCBS All News
"Was the best day for the stock market in over two weeks The Dow gained 526 points to 33,376, NASDAQ up 162 to 10,709 S&P higher by 56 points to 38 78 coming up at one 25 will take a look at some of the companies that helped lift the stock market today. In case you'd be asked news time one 12, well, the mayor of Oakland held their last scheduled press conference, kcbs David Welch reports mayor Libby schaff used the time to focus on the implementation of Oakland's children's initiative. Mayor shaft was flanked by a team of Oakland educators and policy advocates as she spoke on the progress of the city's children's initiative. The charter amendment passed by voters in 2018, deep in Oakland's investment in early childhood education. We are on a path to deliver universal preschool access for Oakland within the decade. Though it was passed in 2018, the initiative has been tied up in the courts ever since. Now that litigation is complete, mayor schaff is only had her last 6 months in office to get the initiative off the ground. She used that time to install Jennifer caban as the initiative's first accountability officer. We've made some good progress in these past few months. And this is where the rubber meets the road. And although shaft will be out of office by the time the initiative's funding starts rolling out, the mayor says Oakland's children's initiative serves as an example for her overall effort while in office. I hope that you've heard loud and clear. We've always tried to act in the best long-term interest of Oakland. You know, when David Welch. Okay, CBS News time, one 14 sponsored by first NorCal credit union, get yourself a very merry auto loan rate today. At first nor Cal credit union dot org. Are you throughout the 60s and 70s, cops hunted down key figures of the Dixie mafia, including its enigmatic ringleader, kirksey nix. I'm interested in making money. I'm not an arrest and hurting people. 15 years into Kirk's life sentence, the Dixie mafia was practically folklore, but that would soon change. I'm Jed lipinski. This is gone south, a documentary podcast from C 13 originals, a cadence 13 studio, season two, the Dixie mafia, available now on the Odyssey app, or wherever you get your podcasts. Everyone, Al Roker here. As a guy with his own catch phrase, I appreciate that smokey's only said only you can prevent wildfires. But I'm feeling it because there's a lot more to report. Like when there are parched or windy conditions out there, you got to be extra careful when things like burning yard waste. After all, wildfires can start anywhere, even in your neck of the Woods. Go to smokey bear dot com to learn more about wildfire prevention
KCBS All News
"david welch" Discussed on KCBS All News
"Community partners, as well as several volunteers, have been visiting encampments and distributing blankets, ponchos, tarps, and tents. They're also out there providing information about where the centers are to the unsheltered. Well, Bart is moving to an app for bikes as K CBS reporter David Welch says a bike link will actually make it easier for cyclists to lock up their bikes at Bart stations. The bike link app is a supplement to the bike link card. The old cards will still work on Bart's bike lockers. But according to Chris philippi with Bart, the new app is all about convenience. Gonna make it very easy for them now, even easier than before to use the E lockers that are at more than 40 Bart stations across the system. And the new app takes away any pre planning the old cards required. Now, if you decide to pedal depart, all you'll need is a smartphone to lock up your bike. Also have to do is just download that app. They can create an account at that point, go up to one of the available E lockers, launch the app and then just follow the on screen instructions. The bike link app minimum is also lower. $5 compared to 20 on the card. And philippi says the new app is in line with Bart's bigger mission. It really does fit, I think, with farts overall plans to increase access to our stations. David Welch, case CBS. A facility that makes waffles in San Jose is paying out over $80,000 after being convicted on charges they were negligent and allowed toxic ammonia gas to be released. Officials with Santa Clara county found that the eggo company failed to act back in January of 2021 when a pipe containing ammonia got damaged, causing a leak of toxic gas, managers at eggo, apparently waited more than an hour before calling 9-1-1, mistakenly thinking that they had stopped the leak themselves, and because of that delay about 3400 pounds of gas escaped into the surrounding neighborhood, causing a shelter in place that lasted for several hours, no injuries were reported in the incident, officials say eggo is cooperating with regulators now and is currently upgrading its systems to make sure that this type of thing doesn't happen again. 8 36, a check a Bay Area traffic, see if there's anything you need to be worried about out and about on the roads with Ted Raimi coming up in two minutes. Every
KCBS All News
"david welch" Discussed on KCBS All News
"The sky is the limit. Of course, one of the venues in 2026 Levi's stadium in Santa Clara, reporting live in San Francisco, Mike dewald, quesadilla. Looking ahead there and I like it. While this past week's big storm, a lot of snow to this year, and right now, even more snow falling, KCB S David Welch reports, it's going to take a lot more though before we're out of the drought. Andrew Schwartz with UC Berkeley central Sierra snow lab is far from a pessimist. In fact, he says he's mostly the opposite. However, he does make his living using scientific facts. Barring the deepest year that we've ever had in the Sierra. We're just not going to see enough precipitation to get us out of the drought completely. That said, last week's storm gave the state a pretty good start. Snowpack is beyond a 100% of normal for this time of year. And there's a new storm moving through the region all weekend long. The word expecting 18 inches to 36 inches, right? So up to three feet. But Schwartz says it's important to remember that winter is just getting started We can celebrate we can be excited about what the snow means for our water and the drought for now. But a lot can change between now and the end of the winter. David, Welch, kcbs. Yeah, you just heard it there up to three feet of snow, especially along the crust of the Sierra, which is important for those of you looking to go up to Tahoe for a little ski or snowboarding and the challenge is going to be the passable roads and whether or not you can make it over donner pass or echo summit, both of them, again, expecting a lot of snow because of that CHP reminding anyone with plans to drive up there to carry tire chains unless you're driving a four wheel all wheel drive vehicle with snow tires on and by the way, remember to pack those snow chains. I think that's the most common thing that happens to folks when they get up there and realize, oh, not in the trunk. Just ahead on kcbs. I'm Jim Taylor. Why don't antibiotics work anymore? The truth is overuse and misuse of antibiotics in our population. And if it's snowing in this area, it's likely raining in
KCBS All News
"david welch" Discussed on KCBS All News
"Better way really to get excited for the World Cup than the knockout stage, even if you don't follow it, we're all bandwagon fans right now. Don't feel bad. Well, this past week's big storm brought a lot of snow to the Sierra, but Casey BS is David Welch reports, even though there's a new storm hitting mountains this weekend, we have a long way to go before we're out of the drought. Andrew Schwartz with UC Berkeley central Sierra snow lab is far from a pessimist. In fact, he says he's mostly the opposite. However, he does make his living using scientific facts. Barring the deepest year that we've ever had in the Sierra. We're just not going to see enough precipitation to get us out of the drought completely. That said, last week's storm gave the state a pretty good start. Snowpack is beyond a 100% of normal for this time of year. And there's a new storm moving through the region all weekend long. We're expecting 18 inches to 36 inches, right? So up to three feet. But Schwartz says it's important to remember that winter is just getting started. We can celebrate we can be excited about what the snow means for our water and the drought for now. But a lot can change between now and the end of the winter. David Welch, kcbs. And if you're heading up to Tahoe because I mean, listen, that's snow is entrancing if you ski or snowboard. You want to be in the middle of it. Well, of course, highway in weather officials saying, maybe think twice, give it a couple of days. A lot of snow falling and hazardous conditions on roads and in second dose of snow here starting this morning means that we have a winter weather advisory in effect until at least 4 a.m. on Monday that's a lot of heavy snow, especially along donner pass in a long highway 50, look for one to three feet of snow expected their echo summit and donner pass. CHP says that anyone who does plan to drive up there, you have to have those tire chains, if you leave, and I see this all the time, people leave the Bay Area, they think, hey, I'm on a
KCBS All News
"david welch" Discussed on KCBS All News
"Have been removed. Reporting live in mill valley, Jeffrey chau, because CBS. Thanks, Jeffrey Bart, Silicon Valley extension may force several San Jose businesses to relocate is ques David Welch reports the valley transportation authority, which oversees the project, is voting on a measure allowing them to purchase certain buildings that will allow them to complete the project. The VTA describes the land where the buildings are located as essential for a downtown Bart station. Ron Gollum with the VTA says they've already explored other options. This goes back to when the board of directors adopted the plan for phase two extension in 2018, we looked at all the options then. According to golem, the corner of third in Santa Clara will have the least amount of impact for the area as a whole. That's not to say that it doesn't create impacts for the particular business owners and property owner who's affected, but when you look at the totality of how it impacts everyone in the area, overall it has the least impact. Golem says they've already made offers to property owners, which he describes as fair market value, and they're also offering help to businesses, including cash to find different locations. The money that they offer, I won't be able to buy even a food truck. That's Jose Landon. He owns Mexico bakery, one of the businesses that needs to relocate. He says the VTA offer came in during COVID and before inflation. Any price that they had a year ago, they're not realistic to the price of the present. The VTA plans to vote on the measure tomorrow. In San Jose, David Welch, not very often you see the head of a major city wielding a paint roller. In this case, it was mayor London breed today in the inner sunset neighborhood, committed to supporting small business with a graffiti abatement pilot program. It's a two year program to test out small business merchants using three one
KCBS All News
"david welch" Discussed on KCBS All News
"During warm days, says Garza. So you don't want to leave frost cloth on for months and months at a time. If you've got citrus trees in pots, consider putting them on wheels. And you could wield out just under your eve. When it gets really cold. There are also sprays that coat the tender leaves. Also available at a nursery. We tend to get our coldest temps here right between Christmas and new year. Alice wertz, case CBS. The labor market remains tight and employers have to get more and more creative. Dan mitchinson reports some big companies are relaxing their degree requirements for job seekers. This comes as unemployment numbers have stayed relatively low, raising the discussion about how necessary a college degree is for some jobs. You've got companies saying, okay, we need to attract more of the people with the skills and experience that we want. And those people don't necessarily have to have that piece of paper. Julie valky, founder and chief career strategist with a balcony group tells me she's seeing a turn towards trade schools and apprenticeships. But even for your colleges, are seeing the writing on the wall. They're taking off those classes that aren't necessarily a direct line to the skills you need to do particular careers. And that means less time in theory, more time in practice and less college debt Dan mitchinson. Early data shows that small business Saturday may have exceeded Black Friday spending this year. And as case CBS David Welch reports many
KCBS All News
"david welch" Discussed on KCBS All News
"As they like to say, always been leaking about Alexandria, let's ride together. Case CBS News times 7 42 is our news watch continues. A baby humpback whale was spotted off the coast of Monterey as K CBS David Welch reports that is raising eyebrows from experts because this is the first time ever a baby calf has been spotted there. Experts say they're concerned because baby humpback whales can't handle the colder waters of Monterey bay. A drone captured the image of the baby with its mom and professor Ari friedlander with UC Santa Cruz can only speculate how or why it got there. Probably just like humans, not all moms deliver at the same time of year. And it could be that this calf came a little prematurely as that mom was migrating south. Freelander says that's just one of many possible explanations. Considering this is brand new ground for scientists. He says it's hard to come up with absolutes, but his range of possibilities does include a warming planet. If animals are changing the timing of when they're migrating and when they're feeding, then that absolutely would change when these animals would be born. Now that they've spotted the calf, scientists are concerned about predators. But like most of us in the presence of a newborn, they're mainly concerned about it staying warm. Doesn't have a blubber layer like its mom does. And until it gets enough food to build that up, this cold water could be a real real downside for it. David Welch, case CBS. And international wildlife conference has moved to enact some of the most significant protections for shark species targeted in the fin trade and scores of turtles, lizards, and frogs whose numbers are being decimated by the pet trade, the convention on international trade and endangered species of wild fauna and flora and did yesterday in Panama, along with protections for over 500 species, delegates at the United Nations wildlife conference rejected a proposal to reopen the ivory trade, and ivory ban was enacted in 1989. While a win for the warriors and a big day for college football will get you the latest in sports coming up in a minute. With Black Friday savings at The Home Depot, you'll find top brand kitchen appliances with innovative features that can do more. So your holidays can be more. Ovens with built in air fryers for baking the perfect cookies. Dishwashers
KCBS All News
"david welch" Discussed on KCBS All News
"Adviser, they offer customized financial planning for you not just your assets. Learn more by calling 8 8 8 5 9 8 39 66. It's one O three at the Bay Area's news station case, CBS, mostly sunny highs in the 60s to low 70s, good afternoon. I'm Liz St. John. Here's what's happening. San Francisco's west in Saint Francis in Union Square kicked off the holidays today by unveiling its gingerbread castle. David Welch reports, it's the first time the sugar castle has adorned the hotel's lobby since before the pandemic. A circle of blue curtains surrounded the castle prior to its unveiling, and as crowds started to gather, gingerbread, anticipation started to build. We are so excited to see it because we could smell it. The curtain stuff didn't keep kids from trying to catch a sneak peek. I was trying to like look on nerve, but then I still couldn't see it. Executive pastry chef John Paul swa move Dre has been constructing the sugar castle for the west and lobby since 2005. My 5 year night in France with my two kids and they know that I would have to do a project for the hotel. So instead of doing a gingerbread house, they say, why don't you do a castle or a chateau? And right on cue, when the lobby clock struck 11, hotel staff rolled back the curtains to reveal mood race creation. The gingerbread castle stands close to 12 feet tall in over 2000 pounds of sugar and gingerbread went into making it. And for many that came to see its unveiling, it brought up a host of holiday emotions. So magical. I just want to take a bite out of it. In San Francisco, David Welch, the
KCBS All News
"david welch" Discussed on KCBS All News
"It's two O 5 at the Bay Area's news station. This morning, sunny and warmer for your Wednesday, your Thanksgiving eve, good morning, I'm ELISA clancy. And here's what's happening. East may mud's list of excessive water users was just released as David Welch reports, the majority of those on the list were located in danville and Alamo. November's water waster list included 668 names. Last month's list was about half that amount, though the geography of the list was still heavily tilted towards Alamo and danville. Andrea Polk with east bay mud says she's not worried that users there are ignoring their inner drought. We find that August, September and into October, those are hottest months here in the Bay Area. And so those are the months that our customers tend to use more water. Because of the way billing cycles work, there's no repeat offenders on this month's list. And although numbers have grown, she expects about a quarter of them will find the problem is a leak. And a toilet, people can have leaks in their irrigation system or sometimes it's a function of the irrigation system, not being scheduled properly. In order to make the list, a customer needs to use roughly 1600 gallons of water a day. First time offenders receive a written warning and poke says that usually works in getting them off the list. What we're seeing is that about half of those customers made adjustments. David Welch, kcbs. Inflation appears to be having little impact on decisions to visit family and friends for Thanksgiving weekend. Market schaefer reports from San Francisco gas prices aside, travelers are taking to the roads and skies. California's average fuel costs are still 5 25 a gallon, though prices have come down recently. It's ridiculous. That's why I don't drive a lot. Still, it won't keep Alex of Oakland from driving to see his parents in the north bay, at the ferry building, there are plenty of tourists, Dave is visiting from the Midwest and plans to have dinner with his two sons and nephew, and unlike many air passengers, he's not complaining about air tickets. No, we got
KCBS All News
"david welch" Discussed on KCBS All News
"Bank near you by going to the Google search engine and typing in food banks near me. The good news is people are also looking to give back in California with food bank donation searches increasing by a 110% over the past 5 years. It's also important to keep up this help year round. Kathy Whitman, Casey BS. Exit poll showed that young Gen Z voters turned out in big numbers for this year's midterm elections. And as case CBS David Welch reports, that was good news for Democrats in tight races. He was unclear whether Gen Z voters, those born in the late 90s, were even going to show up. But according to John webby, associate professor at northeastern university. That question God answered in dramatic fashion. The early evidence is that Gen Z really came out in a strong fashion and made a difference in some key races. And he says that favored one party in particular. Democrats benefit, I think from the particular kind of progressive orientation that many gen zers have on these issues. But he doesn't think Democrats can count on their vote forever. In his view, Gen Z voters don't necessarily cast ballots with a particular party affiliation in mind. He says they're more driven by another motivation. It's quite crucial that they see the system as something that is a plausible lever for social change. And any party can appeal to those values if the issue is right. David Welch, case CBS. A second racehorse died at delmar racetrack Sunday on the tracks opening weekend, reporter Emily Valdez with more on why both deaths are so baffling. Coast of Rome collapsed in the third race and died shortly thereafter on Friday kazuhiko collapsed and died while walking back to the barn after the 5th race, both are being called sudden deaths, the cause. We did extensive studies on Medina Spirit with a sudden death and after a lot of scrutiny and a lot of experts looked at it and at the end, they couldn't say for sure it was. California horse racing board spokesperson, Mike Martin tells kanak sudden deaths are not just a problem for racehorses in California, but worldwide. That's a big hurdle we have to cross here and I think we've got the resources that work now that hopefully give us a handle on these sudden days. Martin says researchers at UC Davis and elsewhere trying to figure out the underlying cause. Case CVS news time is two
KCBS All News
"david welch" Discussed on KCBS All News
"David Welch, Santa Clara county just marked a major increase in its fines for illegal tobacco sales, and it's hoping others will follow suit. Here's ques Keith manconi. The measure targets the sale of tobacco products to underage people, as well as the sale of E cigarettes and flavored tobacco products, both of which are banned within the county's jurisdiction. County leaders made the change on concern that the lower penalties weren't giving enough of a deterrent. Now, fines have been set about ten times higher and repeat offenders run the risk of losing their permits forever. I think it really speaks to the commitment to this as a major public health issue. Nicole Cox, who runs the tobacco free communities program for the county, she says most smokers start the habit young. So the policies really seek to address early access and initiation of tobacco use and to prevent lifelong addiction and harms health harms caused from that addiction. The new penalties apply only to county land, but county officials are hoping to see more south bay cities adopt them as well. In the south bay, Keith manconi, a pioneer in providing access to safe abortions at a time when it was illegal to do so in California, is getting a posthumous pardon by governor Newsom. Laura miner made a career of providing safe and accessible elective abortions to women in California at a time when restrictive laws forced the procedure into unregulated and unsafe spaces. In 1949, minor was sentenced to four years in prison for her work. Governor Newsom says minor story is a, quote, powerful reminder of the generations of people who fought for reproductive freedom in this country and the risks that so many Americans now face in a post row world. Pfizer says its latest booster provides a stronger immune response against the omicron sub variants than its original COVID vaccine. Case CBS reporter Melissa Cole Ross takes a look at whether that means it'll keep people from getting sick at all. Pfizer's bivalent vaccine produces antibody levels about four times higher than the original shot when it comes to fighting the BA four and BA 5 variants, according to the company, but that's not the whole story, says Johns Hopkins center for health security senior scholar, doctor amesh adalja. For people who are looking for more data, this is helpful, but it's still not enough to say exactly how much more beneficial these boosters are versus if we wouldn't have updated the boosters and went through with the older boosters as something for high risk individuals. Speaking on kcbs is ask an expert, adult just says that's because it remains to be seen whether the shot will keep people from coming down with COVID on top of protecting from severe disease. He adds that the messaging about the boosters and who really needs them has been confusing. I've always said that I think that boosters really should have been targeted to high risk individuals. And when you look who's dying every day, the 300 to 500 Americans die every day from COVID
Bloomberg Radio New York
"david welch" Discussed on Bloomberg Radio New York
"Of 1%, 1664, the ounce, West Texas and immediate crew dumb, one and a half percent, 84, 45 a barrel. Briefly, we do have Expedia Group chairman Barry diller dismissing the inclusion of environmental social and governance principles in corporate decision making, saying many such programs just produce glossy reports. I'm Charlie pelle that is a Bloomberg business flash. All right, Charlie, thank you so much. Well, we mentioned the Ford news and even though we're watching that in the Ford stock falling off, among our most right on the Bloomberg today is one on General Motors and how GM wants to be the tortoise, not the hare when it comes to the great EV race. Yeah, this excerpt is in the upcoming issue of business week magazine. You can read it now, though it's on the Bloomberg terminal, end up Bloomberg dot com slash business week. It's adapted from David Welch's new book, charging ahead, GM, Mary Barra, and the reinvention of an American icon. David Welch is Detroit bureau chief for Bloomberg news. He joins us on the phone from Detroit. Also with us is Joel Weber, the editor of Bloomberg business week. He's with us in the Bloomberg interactive broker studio. Joel, when you think about EVs, we of course think of Tesla, but increasingly we're talking about a company like Ford with the Mach-E and the F one 50, lightning. Where does GM fall into this? Well, they were early, right? What's interesting about this? I mean, there weren't as early as Tesla, but GM was out early Mary borrow like really was forward and telling everyone that GM was going to be bought a bolt. A big on EVs and yet here we are and it's like, where is GM exactly? And you know, what was interesting when David and I started talking about his book was sort of that this was actually the plan. That Mary borrow said, we're going to go, we're going to be a little bit slow, but it's all going to be worth it. So David, what's the rationale there? GM at its heart is a really pragmatic company. And one thing people forget about Mary Barra because they see her as the first email CEO is she's an engineer. And her psychic Mark Royce has also an engineer. So for the first time since probably the 60s, the company is run by engineers. They don't go proposed. They don't try to jam a battery in an existing vehicle to get on the cover of business week, although that lightning cover was really
Bloomberg Markets
Disruptive trends that will transform the auto industry
"Us let's shift gears to the auto market we got Tesla I'm very much in the forefront yesterday at with an incredible surge in share price then today we're seeing an incredible plunge on the other side of Ford shares down more than ten percent one point now nine point nine percent declines General Motors kind of hanging in there with so little decline after being up earlier this comes on the heels of reports that show what the challenges for an industry under profound transformation joining us now David Welch Detroit bureau chief for Bloomberg news to David can we start with Ford because this is now being compared to a company with the lan must like problems without the eleven must but level of belief and faith from shareholders really is I mean if you if you will and were also was three years ago they couldn't get the hose out on time they had some quality issues with their SUV the model X. every planet you on most put out there would be six twelve months off schedule they were kind of refurbishing some of the assembled cars out in the yard it's not quite that bad it forward but they've got an explorer that they state they can't get out on time event all kinds of production issues there this shouldn't be happening at a company like for one of the advantages that the established automakers were supposed to have over Tess was that they they have vehicles new models out out of pure muscle memory it just happened there were occasional gap circadian room in and we still have been recalls but they didn't have stuff like this and and so this is one of Ford's problems sales of warranty costs ticket TTL fifty two on their profits in the quarter so these are all these are all very bad things it should just be general execution and things of that this just smoothly happen for a company like Ford so what is the thinking behind this focus on Ford but those production problems as blocking and tackling issues we thinks cause them here because again you're right a company like a Ford it's you know been doing this for so long should have this part down displaying incorrectly why this is happening CO active said told journalists that he had every confidence they can they can get their execution back somewhere in there they just took their eye off the ball on this thing and who accused the things to happen right we had a big recall a few years ago from Toyota with the GM ignition switch issue so the big companies are not immune to this sort of thing but this is kind of more even more basic just getting a new model particularly important one like the X. four out the door on time to dealers and customers post explain it other than the it's a big gap on their part so putting Tesla side because it's been a it's sort of round trip consider not round trip I mean it's it's off with a bunch today after yesterday's run away gains in the share price there is a question is this the best bet if somebody wants to wager on the future of autos as a tech item as also a E. sort of vehicle so to speak for the electrical battery which is going to be key in any kind of new economy is that the best bed or their other auto companies that are investing similarly with similar success in the electric battery industry of burning question and if you look at Tess of right now the market is saying that if the tech company attacks started to grow the company and if they've got the best technology when it comes to work for vehicles in the moment it's hard to argue the phased out the bad their cars have the longest range which means they can go the furthest on a single charge they also have a really good electric motor we we did a piece last year I would again insanely mineral tore down a model three and really ripped apart the battery the orchard motoring and he said they have is for the best electric drive system any compared to GM BMW know if these other companies I think we'll we'll catch up in terms of battery performance and and they'll get there the other thing that also has that was brand the pencil branded extremely powerful it's almost a cold and then may also have been doing other things that are tech related in their cars that set them apart they have over the air updates that can actually boost the speed of the vehicle with the model three they had heaters in the rear seats and didn't tell anybody and then one day they just turn them on with an over the air update and awaited customers by saying guess what Germany receipts space so we've been doing stuff like that that really does make the car smartphone and I think it would scare me if I'm running one of the big conventional car companies is that houses cars have become the iPhone of yeah or if your vehicles and until somebody else comes up with an android type of of rival to what Tess was doing I think they're going to rule the roost it's a great analogy that kind of brings it into focus here David wells Detroit bureau chief Bloomberg news on the phone from our Detroit bureau talking about that numbers coming out of Detroit today Ford again that down about nine and a half nine did have ten percent Tesla also down about thirteen fourteen percent give me a little bit of some of that surge we've seen over the past a six seven days in particular just amazing so again this is a transformative time for the auto industry is David was mentioning as the electric technology electric vehicle technology is developed and obviously is today was mentioning Tesla has that brand has that first mover advantage reminds me a little bit of Netflix what it did to the traditional media business having it first mover advantage having that brand the traditional companies here the traditional car companies need to figure out a way to prohibit their company to compete in this New World a
BTV Simulcast
SEC subpoenas Tesla over Musk tweet
"The investigation into Elon Musk tweets, about, taking tussle private has reached a more serious stage Bloomberg has learned that the electric car maker has received. A subpoena from the SEC about Musk's proposal musk exposed, himself to legal risks last week by tweeting that he? Had funding arrange for a bio. A while all this controversy has taken the spotlight, over last week where does the pace of production for the tesla model three stand a team of ever. Core analysts visited the electric car factory and. Says the company is. Well on its way to building five to six thousand model three electric cars a, week. The firm says its own estimate of, tusla's second half of model three production may be up, to. Seven percent too low here to discuss all things tesla Bloomberg's creature del. Joins us from Detroit and here on set with me is Bloomberg's Alex Barranca Craig I want to, start out with you amid this bizarre. Turn of events there has been some good. News coming Out of every core ISI just how significant and positive. Is this new data that they're reporting It would be really significant if ever core is is on point here because obviously one of the many questions. That we have out of of everything that's transpired since Musk's tweets on Tuesday of last week one of one really important one that's maybe been overlooked is is just how is the company doing. Amid this potential huge distraction of of maybe maybe not going. Private and from ever Kors account it looks like they've been able to maintain production in that they see a clear path to a level of of manufacturing. For the model three that would enable the company to hit the production targets that they've said and. That's so key for the company because they've talked about, getting to profitability and positive cash flow if Moscow is going to pull off this gambit in it's really unclear to this point whether he can or not It's going to be really important that he's able to actually execute what he's said the company is going to do in the second half Craig what. About this SEC subpoena we know that these investigations can take many months and sometimes at least a. No action at all but what's the sense of what, potential impact this could have on the progression of this deal The our reporters in Washington had a. Great story yesterday about the. Idea that the average for inquiry along these lines can can take up to two years so it's probably the case, that even if it looks to us or or other outside observers like gee it. Looks fairly obvious here that that this was not okay and. And there was a violation. That the SEC does need to sort of cross it's t's and dots is and we've seen in. The past that when in executive has pushed back against what the SEC is wanted to claim You think about the long ordeal that, played out between Mark Cuban for example where, they tried to allege. Violations and Cuban fought it tooth and nail and sort of. It was a long
Bloomberg Daybreak: Asia
Exclusive: Tesla's board seeking more information on Musk's financing plan - sources
"Top story. This morning the tesla shares of about two percent in late trading that's after slipping about five percent in regular session some news reports have said that Tesla's, board of directors is planning to meet with financial. Advisers next week to formalize the. Process to take the company private Lindbergh's Detroit bureau chief David. Welsh, joins us now on the line David this. Story is moving very quickly now it's getting a little bit bizarre in. A sense musk said that funding was secured but it's not so clear. What do we know about that and should we even know about that Not clear at all and it's not even clear how much funding. Would, need to be in place or. Really what he means by that if you were to, buy out every shareholder and take, it private you're talking about. North of eighty billion dollars at? Least in the seventy billion plus range Current shareholders just decided they were gonna exchange their public shares private Shearson stick with you on stick with. Tesla at a private owner it could be far less it would, be whoever didn't want to do that and opted to take some kind of buy out Said that can be, as little as, twenty billion dollars still a big chunk of change but smaller than buying. Out the entire company so. We don't even know what the plan is we don't know who would go along and so forth Among the five or. So biggest shareholders have we had any indication that. One of them is interested in upping their stake significantly From them So much that they would Prefer to snap really think One dollars a share so selling it for, twenty years Private equity in west penalty About that