. >> coming up, elon musk subpoenas jack dorsey. we will discuss. plus, big tech regulation was in line for a big vote in congress but it was sidelined amidst a worsening economy and the war in ukraine. david stipulated joins us. digital medicine gets real. the maker of a videogame that treats adhd. all of that in a moment. i want to look at katie greifeld. >> not a great day if you are a stockholder. all of the red behind me, are both off by two sent. it was the semiconductors that bore the brunt of the pressure. bitcoin back to around $21,000. it seems like a long time ago. we count down to jackson hole. how hawkish will jerome powell sound on friday when he speaks about 10:00 eastern? novel macro. we got some zoom earnings, zoom shares are up 8% after disappointing sales, appointing revenue. this is a company that grew so quickly during the pandemic, paying for it now. zoom shares were already down 7% heading into the close. we will see how we open up tomorrow. not a great day for meme stocks. the mean friendly. amc, gamestop, bed, bath & beyond

coming up in the next hour, elon musk subpoenas former twitter ceo jack dorsey. what could he say that could help must get out of the deal? we will discuss. time regulation in line for a big vote in congress, but it seems to be sidelined in the midst of a worsening economy and the war in ukraine. representative david chris lany, chair of the house antitrust subcode he joins us. digital medicine gets real. the maker of an fda approved videogame that treat adhd goes public via spac today. all of that in a moment, but first let's get a look at the markets. katie greifeld is with us here now. katie: not a great day if you are a stock bull today. as you can see, a down day on wall street. the s&p 500 and nasdaq both off more than 2%, but it was the semiconductors that bore the brunt of the selling pressure. index down 4% or so. bitcoin back down to around 21,000 dollars a coin. i remember when it was at 24 west week, seems like a long time ago as we count down to jackson hole. how hawkish will drone powell sound on friday when he speaks at 10 a.m. eastern? that is the

supervisor dorsey, dorsey, aye. mannedleman, mannedleman aye, mar, maraye. supervisor milgaard. >> aye. >> peskin. >> aye. >> peskin aye. preston. >> no. >> preston, no. and ronen aye, and supervisor --10-1 vote. with one no. >> item 28 is an ordinance to amend the bar code to impose a sur garage in addition to the license fees at that marina harbor and to affirm the secret determination and make the appropriate findings. >> thank you, supervisor stefani. >> i need to be recused. >> can i get a motion to excuse supervisor stefani to this vote. >> clerk: on the motion to execute supervisor stefani from item 28. . >> clerk: walton aye. chan aye, dorsey, aye. mannedleman, aye, supervisor mar, aye. milgaard, milgaard, aye, supervisor peskin. aye. >> supervisor peskin. aye. no. >> and supervisor sfai? >> aye, there are nine ayes, and one no. with supervisor preston. >> that was not the budget. >> my mistake, i thought it was not--my apology. >> motion to resend the vote. >> yes, motion to rescind the vote. >> made by supervisor milgaard seconded by supervisor saf

. >> thank you supervisor dorsey. i don't see my colleagues that wishes to speak further. thank you doctor philips and colfact. before we take role on the item we have to wait for public comment. and i do want to reminds the public and let everyone know in the chamber and call nothing public comment is specific low to item 2 to ratify the health officers declaration of a local health emergency regarding the monkeypox virus. this was a special meeting called specifically to deal with addressing do everything we can to stop the spread of monkeypox i apologize for no general public comment if you wish to speak on everything we will redirect to you another meeting mr. clerk. >> yes. at this time the board of supervisor welcomes your comment on ratifying the county health officer's declaration of a healing emergency regarding monkeypox out break. we will hear public comment from those present in the chamber and take those remote. to provide remote connect to the call in system dialing streaming on the screen or your comput

. >> thank you supervisor dorsey. i don't see my colleagues that wishes to speak further. thank you doctor philips and colfact. before we take role on the item we have to wait for public comment. and i do want to reminds the public and let everyone know in the chamber and call nothing public comment is specific low to item 2 to ratify the health officers declaration of a local health emergency regarding the monkeypox virus. this was a special meeting called specifically to deal with addressing do everything we can to stop the spread of monkeypox i apologize for no general public comment if you wish to speak on everything we will redirect to you another meeting mr. clerk. >> yes. at this time the board of supervisor welcomes your comment on ratifying the county health officer's declaration of a healing emergency regarding monkeypox out break. we will hear public comment from those present in the chamber and take those remote. to provide remote connect to the call in system dialing streaming on the screen or your comput

seconded by dorsey. please call the roll. >> commissioner chin. >> aye. >> dorsey. >> aye. >> mandelman. >> aye. >> commissioner mar. >> aye. >> commissioner melgar. >> aye. >> commissioner peskin. >> aye. >> commissioner preston. >> aye. >> commissioner ronen. absent. commissioner safai. >> aye. >> commissioner stefani, excused. commissioner walton. >> aye. >> there are nine ayes. the motion passes. >> great. thank you mr. clerk. please call item 9. >> item 9 is the southeast rail station study final report. this is an inform item. also we have received one public comment that has been posted to our website. >> director rogers, hello. >> [off mic] is my mic on? thank you very much. we have a slide show today. thank you andy from the staff. this is the conclusion of the southeast rail station study including the planning commission endorsement of the study and their recommendations for next steps by both san francisco and regional bodies. so here's what we're going to cover today. this study purpose had

supervisor chan. >> present. >> supervisor dorsey. >>

and i think i am introducing my colleague supervisor matt dorsey. >> thank you so much. i want to say thank you to the department of public health, dr. colfax and dr. phillips and mayor breed. this was mentioned san francisco has a long history called the san francisco model for how we respond to public health crisis. that is how we responded a generation ago to the aids crisis. i think we saw that again how our city responded to covid-192 and a half years ago and seeing it again today so i want to say how grateful i am to the leadership of our city and public health officialess and senator wiener and president walton and (inaudible) i like to hand it off to tyler, the ceo of the san francisco aids foundation. >> public health crisis. a community filled with fear, unanswered questions and valid outrage. resilient people that had to rise up in support of one another to educate each ort and fight for access for resources they need and deserve. a moment in history where a federal public health response fails a community causing them unnecessary emotional mental and physical

so dorsey says he and others are not giving up on an idea they believe can save countless live. countless lives. >> dorsey want san francisco to take a more aggressive approach to drug addiction and he has requested an audit by all departments of the city to find out how much is spent each year dealing with untreated drug addictions. > >> and air quality and advisory for in effect for tomorrow because of smoke from two fires north of us, one in humboldt county and one in southern oregon. the rum creek fire in oregon is seven times the size it was friday, more than 8400 acres have burned with no containment. firefighters are having a tough time because of adverse weather and steep mountains. this is all happening happening 400 myers north of the the bay area but the atmosphere can be an amazing mode of transportation. >> this is so far north that you you wonder if it's really coming coming here. here's a good way to see how. if you just take a look at the high-resolution visualization, look for the red streaks coming off of southern oregon, northern california. this shows you whe

that's because according to the complaint, jack dorsey was pretty absent. even when he was present, he was not fully present. in the course of an entire year, per the complaint, dorsey said about 50 words to mudge, half a dozen phone calls, with a couple dozen text messages, and that is it. the way twitter is structured, people need buy-in from other executives and other departments. it was all turf wars. he could not get a lot of what he wanted to get done accomplished. the big story in the security failings is the sort of cascade of things that are happening together. thousands of engineers and twitter have full copy of the source code on their laptops. 30% of twitter's laptops have blocked automatic updates that protect software from new vulnerabilities, which means probably somebody could've hacked one of those machines and gotten the source code. but there's more. half of the servers at twitter are running on compliance software. in some cases, out of date software that's not supported by the vendors anymore. so there are all these things together. tha

that is in san francisco supervisor matt dorsey's district. >> i reached out to him.alked to him last night. i think he's doing well. but, you know this is something that rattles him and the whole community. >> news of the arrest came yesterday at the same time that hundreds of aapi community members gathered in washington square park to demand more be done to keep asian elders safe. prosecutors say these crimes have become priorities for their offices and private groups in san francisco and oakland now provide escorts for elders to and from their homes. but the attacks continue. commissioner chu is 70. days earlier a 70-year-old woman that calls herself miss ren was beaten outside a senior community. these are photos taken by san francisco police central station showing station commanders meeting with her in the hospital. her attackers still on the loose. san francisco police believe on sunday they caught up with the man who assaulted commissioner chu. >> san francisco police officers assigned to the station located the suspect matching the description from the augus

separately, elon musk has subpoenaed jack dorsey, he wants documents of communications from dorsey concerning fake accounts. there's turmoil in twitter, at twitter, i should say, and the stock is down 3% this morning. a big drop on wall street monday, not a good start to the week and not much of a bounce, if anything, this morning. in fact, there ises no bounce. dow's down about 30, nasdaq down about 10. the nasdaq, by the way, is now at a three week low. here's big tech premarket, right now. heavy selling yesterday, again, virtually no bounce morning except amazon and meta up fractionally, and that's it. the yield on the 10-year treasury staying well above the 3% level. that's hurting big tech. 3.06, that's where we are now. bitcoin staying just above $21,000 level. that's the markets. primary day in new york and florida. a key race in missouri pits two -- in new york pits two long-serving democrats against each other. of redistricting forced this race against two house members who have served alongside each other for decades. dr. fauci is leaving. republicans say they will investigate if th

dorsey showed support for musk in the past. in april, he tweeted elon is the singular solution to operate twitter. >>> and cash it in americans are sitting in on unused store cards of $21 billion in value that from the survey of credit card nearly half of u.s. adults have at least one the average amount unused? 1$175 per person. >>> today at the pump, the average price of nationwide for a gallon of gas is $3.90 the cost of gas down 69 straight days $1.11 over that time a gallon cost 74 cents more than this time last year. >>> i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news nikolas cruz pleaded guilty to killing 17 people at parkland high school. his defense team tries to explain why. >>> dennis rodman is heading to russia to help bring brittney griner home. now the state department weighs in. >>> ukrainians on edge as they prepare to celebrate the independence day now the ukrainian president law enforcement volodymyr zelenskyy is ramming up in the nightly address with his statement that ukra

why he is hoping his friend and former ceo jack dorsey will former ceo jack dorsey will provide someegal leverage. booking.com booking.yeah kids, one year they want all dinosaurs stuff the next, camels. - llamas. - llamas. so save money shopping back to school on amazon. you sure that's not a camel? yeah. whatever you say. >>> it appears a team of volunteer divers cracked another cold case. the group is called adventures with >>> it appears a team of volunteer divers cracked another cold case. the group is called adventures with purpose a 16- year-old girl who went missing more than two weeks ago. her name. today, authorities in northern california announced they have likely found the body of a 16- year-old girl who went missing more than 2 weeks ago. her name is kiely rodni. local law enforcement scaled- back their search for her last week. today, they reported the volunteer divers recovered human remains inside of her car. the cruise pulled the vehicle out of this reservoir. it is near the campground where authorities say she went missing after a party there. a local sheriff says s

. >> thank you supervisor dorsey. i don't see my colleagues that wishes to speak further. thank you doctor philips and colfact. before we take role on the item we have to wait for public comment. and i do want to reminds the public and let everyone know in the chamber and call nothing public comment is specific low to item 2 to ratify the health officers declaration of a local health emergency regarding the monkeypox virus. this was a special meeting called specifically to deal with addressing do everything we can to stop the spread of monkeypox i apologize for no general public comment if you wish to speak on everything we will redirect to you another meeting mr. clerk. >> yes. at this time the board of supervisor welcomes your comment on ratifying the county health officer's declaration of a healing emergency regarding monkeypox out break. we will hear public comment from those present in the chamber and take those remote. to provide remote connect to the call in system dialing streaming on the screen or your comput

. > >> tonight elon musk has subpoenaed his friend and former former twitter ceo jack dorsey. this is his attempt to back out of his $44 billion takeover bid. twitter and musk are headed for for a high-stakes court battle. this will determine whether muss musk has to put his money where his mouth was when he made that offer. he is asking dorsey for information on the effect of spam bot accounts on twitter's business. > >> new at 11:00, kaiser facing a a class-action lawsuit accusing the healthcare giant of charging charging patients for free covid covid test. the suit was filed on behalf of a patient who says she was billed more than $300 for testing. other plaintiffs say they got similar bills. this this suit accuses kaiser of using a multiplex test that screens for covid and the fluid the same time and charging for that flu test. >> what kaiser does is they are passing on this charge for the flu element of it, but unfortunately they're not giving giving anyone the option to get the covid test without the flu . flu test. >> under federal law testing for for covid-19 is suppos

supervisor dorsey, mayor's office and the port and mission bay community. and surface design, designs the park that we will see here. thank you to everybody, we can't wait to be standing here a year from now. as we cut the ribbon on this incredible park. with that, i would like to welcome speak of the mission bay neighborhoods our neighbor and my new friends a member of the mission bay cac that is sarah davis. >> thanks for coming out and having this day with us. what you are seeing here is years and years of people think burglar mission bay. when i grew upon here we moved here when i was 7 the house boat upon community abandoned train yards with jack rabbits and a group partnered with all city friends, some are in this room, to envisionmation bay and sat at tables with building blocks about what ideas the whole community would have. and what it needed to be an addition to the city. you know when i was a little girl, the mission rock would rent row boats row from mission rock to the ferry building and fishermachine's wharf, tic toc was down the way. everybo

his legal team spoke with jack dorsey. dorsey stepped down as the chief last november.ording to a subpoena, he was asked about scam accounts. jack dorsey showed support for elon musk in the past. in april, he tweeted that elon is the singular solution to operate twitter. >>> and cashing in? americans are sitting on unused gift cards and store credit totaling $21 billion in value. that from a new survey from a credit card.com. nearly half of u.s. adults have at least one gift card. the average amount unused, $75 per person. that's up 50% over last year. >>> today at the pump, the average price nationwide for a gallon of gas, $3.90. the cost of gas is down for 69 straight days. a gallon costs $0.74 more compared to this time last year. >>> i'm shepard smith on cnbc . it's the bottom of the hour, so it's time for the top of the news. >>> nikolas cruz pleaded guilty to killing 17 people at parkland high school. today his defense team tries to explain why. >>> dennis rodman says he's heading to russia to help bring brittney griner home. now the state department weighs in. >>

supervisor dorsey, mayor's office and the port and mission bay community. surface design, designs the park that we will see here. thank you to everybody, we can't wait to be standing here a year from now. as we cut the ribbon on this incredible park. with that, i would like to welcome speak of the mission bay neighborhoods our neighbor and my new friends a member of the mission bay cac that is sarah davis. >> thanks for coming out and having this day with us. what you are seeing here is years and years of people think burglar mission bay. when i grew upon here we moved here when i was 7 the house boat upon community abandoned train yards with jack rabbits and a group partnered with all city friends, some are in this room, to envisionmation bay and sat at tables with building blocks about what ideas the whole community would have. and what it needed to be an addition to the city. you know when i was a little girl, the mission rock would rent row boats row from mission rock to the ferry building and fishermachine's wharf, tic toc was down the way. everybody f

i wish i was to buy, dorsey won't give a directory. i could not do. could you judge for truth or store where the board chair with it's not the 1st time russian paralympic athletes have been banned from sports. it goes back a long way for them bitter history. some of that is, so that's, that's not the yet. and i got it on star, some choice, not but them choice case studies that kind of them. but back on, on the cholesterol naperville she was hit by a say it was i knew though i believe that because i know with the dish it's fun to deal with . i'm not local to escalate up with me. i'm well, you already so no nasty staiano phone. i don't normally, i would offer to not need to be on point with either it is a street out is from naples 31 years old, very popular with young people. he was ahead of the curve. but what he's doing now doesn't fit with today's agenda. love beliefs a little bit i'll, i believe we have to go look, we can laugh there was somebody in mon lake qualifies people who chin thrive and was so mean to happen. and i'm with alabama. so by ligh

i wish i was to buy, dorsey won't give a directory. i could not hear there. of course you'll judge for 2 or more. the board chair with it's not the 1st time russian paralympic athletes have been banned from sports. it goes back a long way for them. bitter history said some of that, a civil justice division yet, and i got his chickens choice not, but i'm choice case studies that can go back on on the chill. i subsea on a promotional bit by a say it was, i mean as though i believe that out because i knew that we needed to go home with fun studio almost usually duties only with moms go with i'm with local channels with cheese, we'll choose lunch is that she's this, if you already so no nasty staiano for another napoli that was offered to not need to be in john paul into to here it is a street out is from naples 31 years old, very popular with young people. he was ahead of the curve, but what he's doing now doesn't fit with today's agenda. melissa in the morning or little bit i'll, i believe we have to go look, we last of all says albert in monterey qualifies. if

tomorrow, dorsey says he will ask the city controller and chief economist to start looking for answers. he will send a letter, asking the city to prepare a right to recover and report. dorsey says he was compelled to demand those answers after a columbia university study which found untreated drug addiction claimed nearly 17% of oregon pause state budget in 2017. moving onto new development about the single engine airplane that made an emergency airplane -- made an emergency landing. all three people on board walked away unharmed. abc 7 news was there earlier today. the fuselage was voted onto a trailer and truck to wait for repairs. that pilot reported engine failure before putting the plane down on the sand. state parks officials say no one was hurt and the pilot did a good job landing. >> it is not really affecting anything. just a couple people who work interested in coming over and taking photos. >> he also said yesterday's outcome was very fortunate. two airplanes collided mid air while trying to land at the watsonville airport. three people died in that incident. shifting gears

musk is looking for information related to number of spam accounts on the platform in april, jack dorsey tweeted, in principle, i don't believe anyone should own or run twitter. it wants to be a public good solving for the problem being a company, elon is the singular solution i trust i trust the mission to extend the light of consciousness and now lots of questions about exactly what documents at some point jack dorsey may or may not have shared with elon or others or maybe not shared with elon since he would have them, but whether they are in his possession and what conversations they may have had about spam bots. clearly jack dorsey encouraged him to buy the company it is a my friend and my enemy and my frienmy people asking about what documents are coming from that >> i guess i remember that quote from april these ceos talking to one another. this is the new type of ceo that i have to get used to. what was that? elon is a singular >> the light of consciousness, joe. >> mission to extend the light of consciousness that's not in a lot of job descriptions when you go in for an interview

dustin dorsey, abc7news. liz: "world news tonight" is next. dan: we appreciate your time. you in a half-hour for abc7news at 6:00. seen this ad? it's not paid for by california tribes. it's paid for by the out of state gambling corporations that wrote prop 27. it doesn't tell you 90% of the profits go to the out of state corporations. a tiny share goes to the homeless, and even less to tribes. and a big loophole says, costs to promote betting reduce money for the tribes, so they get less. hidden agendas. fine print. loopholes. prop 27. they didn't write it for the tribes or the homeless. they wrote it for themselves. >>> breaking news as we come on the air in the west. the leader of al qaeda killed in a u.s. air strike in kabul. pesident biden addressing the nation just a short time ago. the president announcing al qaeda leader ahman al zawahiri has been killed in an operation taking place over the weekend. the successor to osama bin laden. the news comes just 11 months after the last u.s. troops departed afghanistan, and nearly 21 years after 9/11. late word coming in at

>> >> supervisor matt dorsey: thank you chair and colleagues. thank you for allowing know provide public comment. this is at 200 rhode island street and this was on by the philanthropist in san francisco. several members of the takahashi family only because they suffered through this lasting shame. the building we are proposing to landmark was constructed in 1912 and owned it from 1965 to 2019 and included pottery and other goods that will be sold at retail stores throughout the san francisco bay area as well as new york city. they ended up at 200 rhode island because the prior build was demolished as part of redevelopment. in 1985, the family set up the takahashi charitable foundation. the foundation has supported a variety of cultural organizations in san francisco and nationwide. the planning commission staff is going to to make a more thorough presentation but i wanted to just provide these brief remarks and voice my support for this item. i am the lead sponsor on that and though it's not reflected on the agenda today. i would like to hand i

dustin dorsey has a look at what is still ahead. reporter: tragedies like the vta railyard shooting and the gilroy garlic festival shooting are forever etched in our communities minds and prompted the city of san jose to take a stand against gun violence with a first of its kind law. the nra took aim at the law through lawsuit, but there is a judge refused to block the harm seen as a promising sign by the mayor. >>>> what we heard from the federal court was that so far, by all indications, this was not an ordinance designed to take anyone's gun away. this is not limiting possession of guns. this is about making gun possession and ownership safer. reporter: in january, the city became the first in the country to make gun owners -- the lawsuit filed in june claims the ordinance violates first and second amendments as well as the california constitution. the dillon law group is representing the nra and says in part they made compelling points as to why rights may be violated including why the donation to a nonprofit is unconstitutional