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Mar 27, 2023
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scott mcgrew is joining us. i know the fdic says everyone's money is safe, even in this change. >> right, everything is fine. you can make the argument the depositors at silicon valley bank have the safest deposits in the world because the government said it would guarantee deposits beyond the maximum $250,000. there's no way they're going to let customers be short-changed in this deal as they sell the bank. >> so we talked about $250,000 there. still the maximum by other banks when it comes to securing that money, right? >> that's right, and it needs to be higher, which is why you saw some businesses and big depositors move their money out of little regional banks, move them into banks like chase, because chase is a very big safe bank. but with the american economy, it really benefits from the smaller banks, so washington has got to find a way to get these stabilized and make people feel like they're safe as well. >> wall street is good with this? >> they like it very much. futures are up. so far, so good. the
scott mcgrew is joining us. i know the fdic says everyone's money is safe, even in this change. >> right, everything is fine. you can make the argument the depositors at silicon valley bank have the safest deposits in the world because the government said it would guarantee deposits beyond the maximum $250,000. there's no way they're going to let customers be short-changed in this deal as they sell the bank. >> so we talked about $250,000 there. still the maximum by other banks when...
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Mar 27, 2023
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scott mcgrew takes a closer look at what it means for customers and wall street.day in the bay."
scott mcgrew takes a closer look at what it means for customers and wall street.day in the bay."
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Mar 1, 2023
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now scott mcgrew speaks with a cybersecurity expert about how the government is monitoring new potentialreats. this is "today in the bay," streaming live on roku, amazon fire, and online. >>> and a good morning to you on this wednesday. i'm marcus washington. >> i'm laura garcia. we'll get to mike in just a moment with the morning commute. it's early. oh, and it is cold this morning. >> yes, it is, again. and we're starting out with very high humidity. that makes it feel a lot colder. but we are also having a freeze warning in these areas shaded in purple. that includes the santa cruz mountains, some of our inland valleys through the tri-valley into much of the north bay, and then the light blue shadings near the coastline in the north bay, a frost advisory, and that includes the inner bay for parts of the peninsula, down to san jose, as well as the east bay. here is where we are right now. temperatures are in the upper 30s for most of us. it's at 34 degrees in santa rosa, 40 in san jose, and 43 in san mateo. but once again, because of all the humidity in the air, the dampness probably m
now scott mcgrew speaks with a cybersecurity expert about how the government is monitoring new potentialreats. this is "today in the bay," streaming live on roku, amazon fire, and online. >>> and a good morning to you on this wednesday. i'm marcus washington. >> i'm laura garcia. we'll get to mike in just a moment with the morning commute. it's early. oh, and it is cold this morning. >> yes, it is, again. and we're starting out with very high humidity. that makes...
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Mar 27, 2023
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scott mcgrew is joining us. i know the fdic says everyone's money is safe, even during the change of ownership. >> you can even make the argument that it's super safe. the depositors at silicon valley bank have the safest deposits in the world because the government said it would go beyond the traditional $250,000 maximum. this is going to count as a transfer to the new bank. there's no way the government is going to let this get screwed up. >> a lot of people have more than $250,000. >> that's right, and there's a $250,000 maximum, the most the government will cover if banks go bad. a lot of businesses, depositors, were moving their money out of banks like first republic, signature, obviously silicon valley bank, into big banks like chase. chase is a very big, safe bank. but the american economy depends on smaller regional banks, so we've got to find a way to stabilize those banks if they are going to survive. otherwise, it just makes sense to move to a bigger bank. >> even if you didn't have your money in this
scott mcgrew is joining us. i know the fdic says everyone's money is safe, even during the change of ownership. >> you can even make the argument that it's super safe. the depositors at silicon valley bank have the safest deposits in the world because the government said it would go beyond the traditional $250,000 maximum. this is going to count as a transfer to the new bank. there's no way the government is going to let this get screwed up. >> a lot of people have more than...
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Mar 14, 2023
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scott mcgrew is in the newsroom. you said these would come any time now. >> here they are. line numbers, 10,000 cuts at meta, 5,000 open jobs not filled. remember, this comes on top of the cuts that the company has already made. meta's ceo, mark zuckerberg, addressing employees through a written memo indicating the layoffs will be in relative slow motion, taking the most of the rest of the year, as managers flatten the workforce. tech layoffs in april at meta, layoffs in the business group in may. mark zuckerberg writing, quote, this will be tough, and there's no way around it. it will mean saying good-bye to talented and passionate colleagues who have been part of our success. meta first cut jobs in november, 11,000 jobs, about 13%. it was meta's first big layoff in its history. today's cuts will mean the company will have cut about 21,000 by the end of this year. >> wow. we'll be following this for sure, scott. thank you. to a live look in palisades tahoe at 6:37 on this tuesday. the sierra braces for another wave of serious snowfall. several feet of new snow may fall ove
scott mcgrew is in the newsroom. you said these would come any time now. >> here they are. line numbers, 10,000 cuts at meta, 5,000 open jobs not filled. remember, this comes on top of the cuts that the company has already made. meta's ceo, mark zuckerberg, addressing employees through a written memo indicating the layoffs will be in relative slow motion, taking the most of the rest of the year, as managers flatten the workforce. tech layoffs in april at meta, layoffs in the business...
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Mar 20, 2023
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scott mcgrew is breaking down the things you need to know regarding your bank account. this is "today in the bay," streaming live on roku, xumo, and online. >>> it's monday morning. and we are here ready to get the day started. i'm marcus washington. >> i'm laura garcia. we are also talking about the first day of spring. happy persian new year as well. we're starting with spring. but it's not going to feel like it, at least tomorrow. >> today it will be nice for the most part, we'll get a little cloud cover. then, you're right, the rain will make it feel more like it's still winter lingering on. here is the reason why. what to expect. well, mostly dry today, enjoy it, prepare for what's to come. overnight into tomorrow morning, tuesday morning, the rain and the wind will begin to ramp up, 20 to 40-mile-per-hour winds, wind advisories will kick in and the atmospheric river we've been monitoring is going to bring the potential for just a little over an inch for the mountain areas and most of the bay area, about a quarter to an inch and a half. so as this moves out, anothe
scott mcgrew is breaking down the things you need to know regarding your bank account. this is "today in the bay," streaming live on roku, xumo, and online. >>> it's monday morning. and we are here ready to get the day started. i'm marcus washington. >> i'm laura garcia. we are also talking about the first day of spring. happy persian new year as well. we're starting with spring. but it's not going to feel like it, at least tomorrow. >> today it will be nice for...
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Mar 7, 2023
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our scott mcgrew is digging deeper into the timing and the potential bay area impacts. this is "today in the bay," streaming live on roku, amazon fire, and online. >>> tuesday morning is here and so are we. thanks for joining us. i'm marcus washington. >> i'm laura garcia. the whole team is here. we've got so much to get to. first, let's check in with kari. we're seeing spotty showers this morning. nothing compared to last week. >> no, and we can consider this a break because we're not going to see any extremely heavy rainfall today, as we get a look at the san mateo commute. you can tell the roads are wet, you can see that glare there as we have some rain that moved through earlier this morning. but we are going to see a mix of sun and clouds and temperatures stay on the cool side, only low 50s throughout the morning, into the afternoon. here is a look at our high temperature for today, reaching 55 in san mateo, as well as fremont. 53 in napa and 53 in livermore. we're also going to see some quick early morning showers tomorrow, before we prepare for some heavier rain
our scott mcgrew is digging deeper into the timing and the potential bay area impacts. this is "today in the bay," streaming live on roku, amazon fire, and online. >>> tuesday morning is here and so are we. thanks for joining us. i'm marcus washington. >> i'm laura garcia. the whole team is here. we've got so much to get to. first, let's check in with kari. we're seeing spotty showers this morning. nothing compared to last week. >> no, and we can consider this a...
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Mar 21, 2023
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we want to get the latest on the possible indictment of former president donald trump. >> scott mcgrewning us now. the former president said he would be arrested today. >> right. and really he's the only person. it's a good reminder. it's only the former president who says today is the day. prosecutors in manhattan have been mum about what's going to happen next. we don't know if the manhattan grand jury will indict trump at all. we do know law enforcement has been prepping, both in new york city, and washington, but again, individual officers don't know anything more than we do. only that an indictment may be coming and trump has been called for protests. the case in new york involves trump's payments to his lawyer, paying him back for paying off adult film actress stormy daniels. there are allegations trump misreported hush payments as legal expenses and falsifying financial documents is against the law in new york city. now, do americans think this is serious? it depends on how you ask and, of course, who you ask. an economist you gov poll asked is it a crime for a candidate to pay
we want to get the latest on the possible indictment of former president donald trump. >> scott mcgrewning us now. the former president said he would be arrested today. >> right. and really he's the only person. it's a good reminder. it's only the former president who says today is the day. prosecutors in manhattan have been mum about what's going to happen next. we don't know if the manhattan grand jury will indict trump at all. we do know law enforcement has been prepping, both in...
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Mar 12, 2023
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. >> good morning, everyone, i am scott mcgrew. we continue to monitor the situation at silicon valley bank. it will open as a new bank under supervision of state and federal banking regulators. it is the place for so many high-tech startups deposit massive checks. the question and answer tomorrow , will those startups have access to their money? financial filings show the banks has more money than deposited. logically, everyone should be made whole, the fdic only guarantees accounts up to $250,000. as you know, startups in the venture firms do not deal with numbers in the hundreds of thousands of dollars. they deal in millions. the situation has attention at the highest levels. the treasury sector he spoke to a senate committee on friday. >> you mentioned silicon valley bank, our recent developments concerned a few banks that i am monitoring very carefully, and when banks experience financial losses, it is, and should be, a matter of concern. >> the secretary speaking at a prescheduled hearing about the same time the bank was seiz
. >> good morning, everyone, i am scott mcgrew. we continue to monitor the situation at silicon valley bank. it will open as a new bank under supervision of state and federal banking regulators. it is the place for so many high-tech startups deposit massive checks. the question and answer tomorrow , will those startups have access to their money? financial filings show the banks has more money than deposited. logically, everyone should be made whole, the fdic only guarantees accounts up...
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Mar 1, 2023
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. >> scott mcgrew joins us. republicans left him an opening. >> he's taking advantage of it.e not yet come up with a budget. some of them have indeed talked about cutting or modifying programs like affordable care act, social security and medicare. republican leadership said absolutely those ideas are off the table, but biden is running with it saying show me a republican budget. biden says his detailed budget will be out march 9th. >> look, make no mistake, if maga republicans try to take away people's health care by gutting medicaid and the affordable care act, i will stop them. >> now, this is not just a democrat thing. former president trump, has accused his own party, specifically nikki haley and ron desantis of wanting to cut social security and medicare. >>> fbi director christopher wray says his agency suspects covid came from a chinese lab. the energy department was the first saying it had low confidence in the conclusion, the fbi said it had medium confidence. no agency has offered public proof but may have wondered about the consequence that covid could be tracked
. >> scott mcgrew joins us. republicans left him an opening. >> he's taking advantage of it.e not yet come up with a budget. some of them have indeed talked about cutting or modifying programs like affordable care act, social security and medicare. republican leadership said absolutely those ideas are off the table, but biden is running with it saying show me a republican budget. biden says his detailed budget will be out march 9th. >> look, make no mistake, if maga...
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. >> scott mcgrew, it is going to be a battle of the budgets. >> it will be a battle once we've seen both sides' budgets. good morning. so far we haven't seen either, but the white house says it will release its budget tomorrow. republicans, so far, have not offered one but have said they will not raise taxes, which means they will have to cut somewhere a lot if they want to cut spending the way they promised to. president biden says his budget will only raise taxes on those making $400,000 a year or more. that will be enough money, he claims, to protect medicare. in an op-ed published in this morning's "new york times," mr. biden writes, quote, when medicare was passed, the wealthiest 1% of americans didn't have more than five times the wealth of the bottom 50% combined, and it only makes sense now that some adjustments be made to reflect that reality today. now, there's a lot going on in washington. you've got the budget fight, you've got the fight over the debt ceiling, economists worry if we don't raise the debt ceiling, the u.s. could plunge into immediate recession. and then, o
. >> scott mcgrew, it is going to be a battle of the budgets. >> it will be a battle once we've seen both sides' budgets. good morning. so far we haven't seen either, but the white house says it will release its budget tomorrow. republicans, so far, have not offered one but have said they will not raise taxes, which means they will have to cut somewhere a lot if they want to cut spending the way they promised to. president biden says his budget will only raise taxes on those making...
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Mar 7, 2023
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scott mcgrew has more for us. scott? >> reporter: good morning. according to bloomberg markets, meta ceo mark zuckerberg wants to leave for paternity leave with those job cuts in place. zuckerberg and his wife are expecting their third child anytime now. as for meta facebook, this would be the company's second major layoff. there was an earlier round in november. meta's stock price has soared not on any new invention or any new announcement but simply on those job cuts and cost-cutting. and in san francisco atlassian cuts 500 according to company memos. the bay area and tech in particular have been hit hard by layoffs, but the rest of the united states seems to be doing quite well. the most recent jobs report showed unemployment at 3.4%. that is a 53-year low. there's job growth, as well, particularly in the service industries. the fed, of course, has been trying to slow job growth to help ease inflation. head of the fed jay powell before a senate committee today. he'll talk to the house tomorrow. powell's biggest problem, trying to slow down an e
scott mcgrew has more for us. scott? >> reporter: good morning. according to bloomberg markets, meta ceo mark zuckerberg wants to leave for paternity leave with those job cuts in place. zuckerberg and his wife are expecting their third child anytime now. as for meta facebook, this would be the company's second major layoff. there was an earlier round in november. meta's stock price has soared not on any new invention or any new announcement but simply on those job cuts and cost-cutting....
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scott mcgrew joins us. it's going to be a battle of the budgets. >> good morning.will be a battle of the budgets once we see both sides' budgets. so far we haven't seen either one of them. the white house says it will have its budget ready tomorrow. republicans, so far, have not offered one but have said they will not raise taxes, which means they're going to have to cut somewhere a lot if they want to cut spending the way they have promised to do so. then you've got jay powell trying to lead the u.s. economy, if not into recession, into some kind of slowdown. yesterday the head of the fed testifying before the senate, said the fed's effort to slow the economy through interest rate hikes wasn't working, at least not so far, and that more hikes were coming. >> although inflation has been moderating, the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy. as i mentioned, the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously
scott mcgrew joins us. it's going to be a battle of the budgets. >> good morning.will be a battle of the budgets once we see both sides' budgets. so far we haven't seen either one of them. the white house says it will have its budget ready tomorrow. republicans, so far, have not offered one but have said they will not raise taxes, which means they're going to have to cut somewhere a lot if they want to cut spending the way they have promised to do so. then you've got jay powell trying to...
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Mar 19, 2023
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i'm scott mcgrew. the tech world seems to have dodged a bullet after the bailout, not a bailout of silicon valley bank. the bank is open. the ceo says it's safe, arguably safer than any other bank really. and importantly, companies are making payroll. i have two guests this morning. chris dean is the ceo of treasury prime. and a former top executive at silicon valley bank. and we have the ceo of indoor labs and a customer of silicon valley bank. good morning. your company works with open-source software and the software supply chain, and the paycheck that you pay your employees come out of silicon valley bank, right? >> yes, scott. thanks for having me. we have 42 employees that are distributed globally. we do make payroll directly but silicon valley bank. until last week, 100% of our deposits were at silicon valley bank. >> take me back to that day in which you thought to yourself, oh, no. what went through your head, what convinced you to take your money out of silicon valley bank? >> i was interview
i'm scott mcgrew. the tech world seems to have dodged a bullet after the bailout, not a bailout of silicon valley bank. the bank is open. the ceo says it's safe, arguably safer than any other bank really. and importantly, companies are making payroll. i have two guests this morning. chris dean is the ceo of treasury prime. and a former top executive at silicon valley bank. and we have the ceo of indoor labs and a customer of silicon valley bank. good morning. your company works with open-source...
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Mar 31, 2023
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scott mcgrew has the latest for us. scott, 30 charges. what does that mean? >> we don't know specifically. we've got the number from sources but we can reasonably speculate they're connected to the cover-up of a payment to stormy daniels. so what specifically, well, it's not illegal to have an affair, although trump says he didn't, it's not illegal to give someone money, and trump said he did, but it is against the law to do it as part of an illegal campaign expenditure, but that's a federal crime. trump's lawyer went to prison partly for that, but this isn't a federal case. what does that leave us with? the charges must be related to the way that trump accounted for the payment. it's a misdemeanor in new york to falsify business records. trump's lawyer was on the "today" show earlier. he said that the former president was surprised by the indictment but that he was ready to fight. it's possible the indictment will be unsealed before trump is ordered to appear. president biden was asked about trump on his way to visit victims of the storms in mississippi. bid
scott mcgrew has the latest for us. scott, 30 charges. what does that mean? >> we don't know specifically. we've got the number from sources but we can reasonably speculate they're connected to the cover-up of a payment to stormy daniels. so what specifically, well, it's not illegal to have an affair, although trump says he didn't, it's not illegal to give someone money, and trump said he did, but it is against the law to do it as part of an illegal campaign expenditure, but that's a...
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he is the first former president to ever face criminal charges. >> scott mcgrew joins us. you've long said this may be the first indictment, but it may not be the last for the former president. >> it's entirely possible. there are four separate criminal investigations. good morning. the indictment in new york is just one, and in many ways it's really the weakest case. the case in georgia, the federal investigation into the obstruction at mar-a-lago, those are far more serious. as for new york, we don't know yet what specific charges trump will face. trump's lawyers say they expect to find out tuesday when many believe the former president will turn himself in in manhattan. politico reports manhattan d.a. wanted trump to show up today but the secret service said that would be too difficult. meantime, trump's lawyer just sat down for an interview with the "today" show. >> what was the president's reaction when told by his lawyers of this indictment? >> you know, despite all the sut scuttlebutt, we thought rule of law would prevail, so he was shocked. after that, he put a not
he is the first former president to ever face criminal charges. >> scott mcgrew joins us. you've long said this may be the first indictment, but it may not be the last for the former president. >> it's entirely possible. there are four separate criminal investigations. good morning. the indictment in new york is just one, and in many ways it's really the weakest case. the case in georgia, the federal investigation into the obstruction at mar-a-lago, those are far more serious. as...
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Mar 29, 2023
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scott mcgrew joins us.e're all too familiar with the cell phone videos captured showing violent passengers and flight attendants just trying to do their jobs. >> yeah. the problem, though, laura, getting kicked off say a united flight, you're probably never going to be allowed to fly united again. but american and delta wouldn't know anything about your behavior. a new bipartisan bill called the abusive passengers act would give the tsa the power to create a new no-fly list of people who perpetrate violence against flight crews. those passengers would not be allowed on any commercial flight from any american airport. it's sponsored by republican rhode island senator jack reed and california congressman eric swalwell who stood in front of the group this morning. pete henriquez told the story of a passenger who would not sit down no matter how many times he was asked. then he held up a picture of himself taken in the hospital. >> we want the rest of the flight to be calm and unevent. so everyone was safe. upo
scott mcgrew joins us.e're all too familiar with the cell phone videos captured showing violent passengers and flight attendants just trying to do their jobs. >> yeah. the problem, though, laura, getting kicked off say a united flight, you're probably never going to be allowed to fly united again. but american and delta wouldn't know anything about your behavior. a new bipartisan bill called the abusive passengers act would give the tsa the power to create a new no-fly list of people who...
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Mar 28, 2023
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. >> scott mcgrew continues our coverage this morning. >> school shootings truly something disturbingen more often. >> it's disturbingly routine, how about that? 57 in the last ten years. that is defined by someone intentionally shooting someone else at a school during school hours. three so far this year, covenant, michigan state, richneck elementary. some names stand out, columbine, douglass, uvalde, sandy hook. every time washington says we have to do better. you may remember president obama after sandy hook. >> first-graders. and for every family who never imagined that their loved one would be taken from our livesby a bullet from a gun. >> president biden once again called for a new assault weapons ban after the news of the shooting in nashville. america had an assault weapons ban from 1994 to 2004 designed to sunset after ten years. when donald trump was president, after 23 people were murdered at a walmart in el paso, he sat down with dianne feinstein and said on live television he would consider a new assault weapons ban. >> if you could add what you have also, and i think you
. >> scott mcgrew continues our coverage this morning. >> school shootings truly something disturbingen more often. >> it's disturbingly routine, how about that? 57 in the last ten years. that is defined by someone intentionally shooting someone else at a school during school hours. three so far this year, covenant, michigan state, richneck elementary. some names stand out, columbine, douglass, uvalde, sandy hook. every time washington says we have to do better. you may...
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just ahead, scott mcgrew is digging deeper into the timing of the decision and the potential bay area we are looking at action in the north bay, a call for more school safety, meetings, a student walkout and more happening today. >> plus -- >> kidnapped in mexico. new developments in the shocking turn for four americans and dramatic video of the moment it happened. this is "today in the bay," streaming live on roku, amazon fire, and online. >>> good morning to you. thank you so much for starting your morning with us. i'm marcus washington. >> i'm laura garcia. let's start with a look outside. more wet weather today, ahead of what may be a larger system headed our way later this week. meteorologist kari hall is tracking what we can expect. >> we are seeing the rain off and on through the overnight hours. as of right now it's mostly off for much of us in the bay area. but the roads are still wet due to some early-morning showers that moved true. so as you get ready to head out, look at the sloppy conditions and we are also getting ready for heavier rain, as well as some high winds, star
just ahead, scott mcgrew is digging deeper into the timing of the decision and the potential bay area we are looking at action in the north bay, a call for more school safety, meetings, a student walkout and more happening today. >> plus -- >> kidnapped in mexico. new developments in the shocking turn for four americans and dramatic video of the moment it happened. this is "today in the bay," streaming live on roku, amazon fire, and online. >>> good morning to...
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Mar 17, 2023
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scott mcgrew, big banks stepped in first. first republic stayed afloat. >> exactly. there were four of them. now we're up to 11 banks helping out san francisco-based first republic led by chase bank. these banks are realizing if they help out, they look that much more strong, and appearance is everything when it's everybody so anxious about the banks. so, lots of banks joining in and helping. meantime, the parent company of silicon valley bank has filed for bankruptcy. this is not something to worry about. silicon valley bank is now a separate company. svb, as you know, collapsed after a run on the bank, even though the fundamentals were healthy. i spoke to one depositor who had to decide whether to take his money out. >> it's fiscally responsible to protect your employees, your investors' money, all of that as an individual. but then again, as a group, it would have been better if everyone just left their money in. the bank was healthy. the bank was fine so long as everyone agreed the bank was healthy and the bank was fine. >> that's exactly right, scott. i fundamen
scott mcgrew, big banks stepped in first. first republic stayed afloat. >> exactly. there were four of them. now we're up to 11 banks helping out san francisco-based first republic led by chase bank. these banks are realizing if they help out, they look that much more strong, and appearance is everything when it's everybody so anxious about the banks. so, lots of banks joining in and helping. meantime, the parent company of silicon valley bank has filed for bankruptcy. this is not...
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Mar 15, 2023
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. >> scott mcgrew, the bank of the day is credit suisse. >> credit suisse, the bank of the day. not a california bank for once, thank goodness. the multinational bank warned its investor it has some weakness in its financials, and for the past few days, the bank's largest investor, saudi arabia, had been putting more money in, shoring up that weakness. now those same investors say they're not going to offer more backing, and that's got the whole financial system uneasy. the dow is down about 500 points this morning. it had been done as much as 700 with all bank stocks falling. back here at home, s&p cut its rating of san francisco-based first republic. that stock down, too, but so, too, is every bank. first republic's ceo telling cnbc it's not see manager depositors ask for their money back and the crisis seems to have passed. it was a run on deposits that ruined silicon valley bank last week. the failure hit home because it was the bank that helped fund start-ups, the kind that changed the world. i spoke with a high-tech lobbyist. >> people talk a lot about the need for new com
. >> scott mcgrew, the bank of the day is credit suisse. >> credit suisse, the bank of the day. not a california bank for once, thank goodness. the multinational bank warned its investor it has some weakness in its financials, and for the past few days, the bank's largest investor, saudi arabia, had been putting more money in, shoring up that weakness. now those same investors say they're not going to offer more backing, and that's got the whole financial system uneasy. the dow is...
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now scott mcgrew speaks with a cybersecurity expert about how the government is monitoring new potentialn roku, amazon fire, and online. >>
now scott mcgrew speaks with a cybersecurity expert about how the government is monitoring new potentialn roku, amazon fire, and online. >>
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Mar 1, 2023
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on twitter when it's working, you can find me at scott mcgrew. >> scott, thank you. >>> well, about half of all americans expect to receive a tax refund this year and new this morning, more of them are really worried about what's at stake here. so a new bankrate survey finds 70% of those expecting a refund are anxious about it being smaller. there's also concern there about the refund and how it will be delayed. three out of four people call their refund money important to their overall financial situation. the most common uses for refunds include paying down debt and boosting savings. 13% will use it for daily expenses. >>> today nbc bay area kicks off a month long celebration of "women's herstory". >> we are not under any false pretenses here. everyone here at "today in the bay" stands on the shoulders of strong women who have inspired and made us the people you see right here on television every single day. in some cases members of our "today in the bay" team are raising future generations of strong women. these are the photos of kari, mike, laura and their daughters, along with my mo
on twitter when it's working, you can find me at scott mcgrew. >> scott, thank you. >>> well, about half of all americans expect to receive a tax refund this year and new this morning, more of them are really worried about what's at stake here. so a new bankrate survey finds 70% of those expecting a refund are anxious about it being smaller. there's also concern there about the refund and how it will be delayed. three out of four people call their refund money important to their...
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Mar 12, 2023
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our scott mcgrew says the big question is, will everyone get their money back? scott? >> yes, good morning. the financial forms that the bank public show it has more assets than deposits, so at least logically, everybody should be made whole and should be able to cover its depositors. if for system reason they can't, fdic only insures up to $250,000 for an account. silicone valley banks are venture capitalist firms, dealing with numbers that are not in the hundreds of thousands but the millions. and the other big question for most people whose accounts have maybe thousands or hundreds of dollars in them, they don't generally use silicone valley bank, and if they are using any other bank, we can state here that those banks are safe. this is not a contagion. it's a very strange one-off that affects silicone bally bank and no other. we will have reporting for you on monday morning on "today in the bay" and then midday after the bank reopens on monday. >> everyone is waiting with bated breath. >>> still to come, breaking records during women's history month. a new achievem
our scott mcgrew says the big question is, will everyone get their money back? scott? >> yes, good morning. the financial forms that the bank public show it has more assets than deposits, so at least logically, everybody should be made whole and should be able to cover its depositors. if for system reason they can't, fdic only insures up to $250,000 for an account. silicone valley banks are venture capitalist firms, dealing with numbers that are not in the hundreds of thousands but the...
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Mar 9, 2023
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. >> we have scott mcgrew joining us now.the money he wants the government to collect, too. >> it will be the collection, i think, where you see the most push back. good morning. collection as new taxes. the white house says new taxes only for the very rich starting with billionaires and moving down to those who make $400,000 a year or more. there will be additional taxes on capital gains and stock buybacks as well. the president says he needs that extra money to protect medicare. the medical insurance for the needy and the extra will reduce the budget or deficit by $3 trillion over the next ten years. it is the president that sets the budget, but congress actually decides whether or not to approve it. republicans say they don't like the president's budget. the white house complains republicans have not offered ideas or budgets or numbers of their own. republicans have said they will not raise taxes, but in order to protect medicare and social security, they have to propose huge cuts somewhere else. we don't know where those
. >> we have scott mcgrew joining us now.the money he wants the government to collect, too. >> it will be the collection, i think, where you see the most push back. good morning. collection as new taxes. the white house says new taxes only for the very rich starting with billionaires and moving down to those who make $400,000 a year or more. there will be additional taxes on capital gains and stock buybacks as well. the president says he needs that extra money to protect medicare....
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Mar 23, 2023
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. >>> meanwhile, scott mcgrew continues to cover donald trump's woes. >> we are still waiting for theouncement from the grand jury in manhattan, but there are four investigations into trump and the one from mar-a-lago and the classified documents is the one causing him the most problems. the judge ruled that the crime fraud exception negates some attorney/client privilege, in other words, trump's attorney could be a witness and requested and the private documents could be turned over to the prosecution. as for the manhattan case, the grand jury has been called back. this is the one trump himself expect to be arrested over. it's getting big attention because it's the first potential indictment, but it's really not the most serious. some washington republicans, meanwhile, indicating they are willing to investigate the prosecutors investigating trump. jim jordan of ohio sent letters to two manhattan prosecutors who he claims pressured the d.a. in going forward with the case against the former president. everybody has been wrong on their predictions before, but there are three prosecutors
. >>> meanwhile, scott mcgrew continues to cover donald trump's woes. >> we are still waiting for theouncement from the grand jury in manhattan, but there are four investigations into trump and the one from mar-a-lago and the classified documents is the one causing him the most problems. the judge ruled that the crime fraud exception negates some attorney/client privilege, in other words, trump's attorney could be a witness and requested and the private documents could be turned...
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Mar 23, 2023
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scott mcgrew breaks down what it means for the former president. this is "today in the bay." good thursday morning to you. 6:30 right now. thanks for starting your day with us. i am laura garcia. >> i am marcus washington. before we kick things off this morning, we have to take a look at this. look at bob redell. who is that fellow with bob redell? well, ahead, bob will show us how you can take one of these beautiful pups home. that's a beautiful pup there, too. >> bob. >>> first, let's check in with cinthia. >> let's go to the north bay over san rafael. so far this morning, calm conditions. we are seeing the clouds mixing out from what we were seeing earlier this morning. let's drive ten minutes south into mill valley, maybe you want to get a workout in since the weather allowed it, and it's chilly and then clouds. overall, we are going to stay dry through the weekend, although seeing cold temperatures ahead, and we are talking about the next storm already brewing. >>> we have the build, but i want to focus over here, cinthia. we have your traditional slowing patterns buildi
scott mcgrew breaks down what it means for the former president. this is "today in the bay." good thursday morning to you. 6:30 right now. thanks for starting your day with us. i am laura garcia. >> i am marcus washington. before we kick things off this morning, we have to take a look at this. look at bob redell. who is that fellow with bob redell? well, ahead, bob will show us how you can take one of these beautiful pups home. that's a beautiful pup there, too. >> bob....
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Mar 30, 2023
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. >> scott mcgrew joins us now. the president says congress needs to act. >> good morning.guns issue but unfortunately not in the house chambers, but it's out in the hallway where no vote matters. take a look. >> they are freaking cowards. i am talking about gun violence. i'm talking about gun violence! more guns leads to more deaths. look at the data. you are not looking at any data. >> that's the new york democrat and the kentucky republican massey. it's not as if they carried that in for a debate. congress has taken no action. >> the attack in nashville marks the 130th mass shooting of the year. that's not just a tragedy, it's a choice. it's a choice that puts guns over our children. >> we checked the data. she is right about that. as we were talking yesterday, even if congress reprised the assault weapons ban it would not cover rifles already purchased, 16 million since the previous assault weapons ban. following sandy hook president obama pushed through an executive order that would bar people receiving disability for mental health issues from buying a gun,and presiden
. >> scott mcgrew joins us now. the president says congress needs to act. >> good morning.guns issue but unfortunately not in the house chambers, but it's out in the hallway where no vote matters. take a look. >> they are freaking cowards. i am talking about gun violence. i'm talking about gun violence! more guns leads to more deaths. look at the data. you are not looking at any data. >> that's the new york democrat and the kentucky republican massey. it's not as if they...
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Mar 16, 2023
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no offense to the former president or scott mcgrew for that matter, but st.making it out of the first round. i think they will go really far this year. i went there. this is the team boarding the bus to head over to new york. they play friday at 11:00 a.m., and the head coach says the team is taking the tournament one game at a time. >> it's one game. we're approaching it as a four-team tournament, and see if you can win, you know, win this weekend. you go one at a time. it's all about us being ready to play against bcu, who has a very good program and a very good team and we're playing them on the east coast, and it's a tough challenge. >> we are rooting them on. go gayles. >> they play friday. >> and then the tigers, go, tigers, go. just sayin'. >> didn't former president obama say something about ucla? >> that's right. kari, are you going to make a pick? >> i don't know who is playing. >> the gayles -- my gal is going with the gayles. >> i guess that's what we are going to be doing today. it will be hard to stay inside with the sunshine we will be able to
no offense to the former president or scott mcgrew for that matter, but st.making it out of the first round. i think they will go really far this year. i went there. this is the team boarding the bus to head over to new york. they play friday at 11:00 a.m., and the head coach says the team is taking the tournament one game at a time. >> it's one game. we're approaching it as a four-team tournament, and see if you can win, you know, win this weekend. you go one at a time. it's all about us...
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Mar 29, 2023
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i'm on twitter at scott mcgrew. >>> one group sounding the alarm over how ready california truly is fornext big health emergency. ready or not released their 20th annual report detailing how prepared states really are. the report found 19 states are very prepared, and 15 states in a low level of preparedness. california is one of 16 states in the middle of the pack. a spokesperson for the group says the big reason for california's average ranking is less funding in the health care system. >> the thing we look for is state public health budgets to increase every year. california's was down last year. we like budgets to increase every year. not only does the population increase, but because of inflation, budgets need to increase, and because of the number of threats that california is dealing with. >> california does have one thing to celebrate, 59% of people are covered by a public health system. >>> levi stadium may have only bb opened eight and a half years ago but they're asking for a loan to spruce up the place. the team is requesting it from the nfl stadium fund. it comes in advance
i'm on twitter at scott mcgrew. >>> one group sounding the alarm over how ready california truly is fornext big health emergency. ready or not released their 20th annual report detailing how prepared states really are. the report found 19 states are very prepared, and 15 states in a low level of preparedness. california is one of 16 states in the middle of the pack. a spokesperson for the group says the big reason for california's average ranking is less funding in the health care...
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Mar 22, 2023
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. >> scott mcgrew is joining us now.talked about it yesterday, he said he thought he was going to be indicted yesterday. >> we talked about this monday as well. with our continuing coverage, it's been waiting for something that may or may not show up, and what day, we don't know. by now you all know the details, the manhattan d.a. is assembling a grand jury to determine if donald trump violated laws when he paid hush money to stormy daniels. if there is an indictment, it's likely today because the grand jury is assembled today. trump's former lawyer, michael cohen, has been advised by his lawyers to stop talking to the media. his attorney says it's because of the, quote, sensitivity of the time period. the real damage, of course, was not what cohen said in interviews, but his testimony about trump before congress and the courts. and we've talked about how this is not the only investigation trump is facing. in fact, there may be a really big decision in a florida federal court today over whether trump's own attorney must
. >> scott mcgrew is joining us now.talked about it yesterday, he said he thought he was going to be indicted yesterday. >> we talked about this monday as well. with our continuing coverage, it's been waiting for something that may or may not show up, and what day, we don't know. by now you all know the details, the manhattan d.a. is assembling a grand jury to determine if donald trump violated laws when he paid hush money to stormy daniels. if there is an indictment, it's likely...
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Mar 15, 2023
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. >> scott mcgrew is getting a late start, right? >> we all get a late start in las vegas, don't we? he stayed up late last night, considering he's on east coast time but in las vegas. rallying democrats at the democratic national committee. that started at 10:00 p.m. his time. before that, the president was in california, first in san diego, and then the l.a. area and monterey park, announcing new efforts to slow gun violence. monterey park, of course, the location of l.a. county's worst ever mass shooting on the lunar new year. the president will speak to nevadaens today about new prescription drug plans and other benefits. the white house and congress have put these together for americans. nevada, a key battleground state coming up. mr. biden won the battle last time, but the vote was close. democrats have won the last four cycles, but always close. ron desantis was there on saturday on book tour. desantis, who is not officially running for president, has gotten some blowback from fellow republicans for saying the fight in ukraine
. >> scott mcgrew is getting a late start, right? >> we all get a late start in las vegas, don't we? he stayed up late last night, considering he's on east coast time but in las vegas. rallying democrats at the democratic national committee. that started at 10:00 p.m. his time. before that, the president was in california, first in san diego, and then the l.a. area and monterey park, announcing new efforts to slow gun violence. monterey park, of course, the location of l.a. county's...
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Mar 14, 2023
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on twitter, you can follow me at scott mcgrew. >> thank you. >>> santa clara county is expected to votea plan helping teachers make it in the bay. it involves a land swap with apple for a project that could potentially hois up to 100 teachers. it is currently a vacant lot. in approved, the county will have one year to bring the plan together. >>> it's official, jimmy g is on the move. he's leaving as the team reshuffles its quarterbacks. garoppolo is signing a new three-year $67 million deal with the las vegas raiders. he leaves the niners after five plus seasons. the niners are signing free agent sam darnold who will likely play backup to brock purdy or trey lance. >> with the end of the era for jimmy g, also the end for this artist, her boyfriend is a huge fan and when the rumors started last year, she started drawing jimmy g every day until he gets traded. in the end, jimmy g's exit is a free agent signing, but yesterday she drew her 404th final drawing with a nod to the shawshank redemption and the tim robbins' character breaking out of prison. >> coming up in the rain. >> she's goi
on twitter, you can follow me at scott mcgrew. >> thank you. >>> santa clara county is expected to votea plan helping teachers make it in the bay. it involves a land swap with apple for a project that could potentially hois up to 100 teachers. it is currently a vacant lot. in approved, the county will have one year to bring the plan together. >>> it's official, jimmy g is on the move. he's leaving as the team reshuffles its quarterbacks. garoppolo is signing a new...
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Mar 17, 2023
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. >> scott mcgrew, the president is very proud of his irish heritage. >> very proud.rish american presidents, bill clinton, very proud of his old world roots, john kennedy, of course. president biden will meet with the taoiseach today. here he is last year. the leader had been diagnosed with covid, so he did not make the traditional trip to washington, d.c. for st. patrick's day. some video we found back in 2020 when irish american joe biden won the presidential election in america. some folks in ireland had a grand old party. mr. biden is from the finnegans on his mom's side. >>> the president of china, xi jingping, says he'll travel to russia to meet with vladimir putin. he says he's going there to help russia and ukraine find peace. america has discouraged china from getting involved on behalf of russia. china probably would like russia to succeed, because china looks at taiwan the same way russia looks at ukraine. janet yellin back before a senate committee yesterday where she faced questions about president biden's budget. she's also warning the world will plunge
. >> scott mcgrew, the president is very proud of his irish heritage. >> very proud.rish american presidents, bill clinton, very proud of his old world roots, john kennedy, of course. president biden will meet with the taoiseach today. here he is last year. the leader had been diagnosed with covid, so he did not make the traditional trip to washington, d.c. for st. patrick's day. some video we found back in 2020 when irish american joe biden won the presidential election in america....
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Mar 12, 2023
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. >> good morning, everyone, i am scott mcgrew.r the situation at silicon valley bank. it will open as a new bank under supervision of state and federal banking regulators. it is the place for so many high-tech startups deposit massive checks. the question and answer tomorrow , will those startups have access to their money? financial filings show the banks has more money than deposited. logically, everyone should be made whole, the fdic only guarantees accounts up
. >> good morning, everyone, i am scott mcgrew.r the situation at silicon valley bank. it will open as a new bank under supervision of state and federal banking regulators. it is the place for so many high-tech startups deposit massive checks. the question and answer tomorrow , will those startups have access to their money? financial filings show the banks has more money than deposited. logically, everyone should be made whole, the fdic only guarantees accounts up
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Mar 19, 2023
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i'm scott mcgrew. have dodged a bullet after the bailout, not a bailout of silicoll
i'm scott mcgrew. have dodged a bullet after the bailout, not a bailout of silicoll
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Mar 22, 2023
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i'm scott mcgrew.ay interest rate meeting in a few hours, likely announce a decision on rates as well. higher rates fight inflation, but higher rates have also caused big problems in the banking industry, leading to significant anxiety on wall street and for bank depositors. so a bit of a lose-lose decision today. full coverage ahead on our midday news coming up at 11:00. >> let's check the forecast with vianey arana. >> and we do still have some rain that's going to continue to move through as the system begins to make its exit. first, look at stormranger picking up light to moderate showers. heavier pockets expected for santa cruz and we will see breezy to windy conditions. 20 plus miles per hour by the afternoon, the storm moves out, daytime highs will be in the 50s. then we get a decent break heading into thursday and into the weekend. we've still got to get through today's remainder of the rain. >> thank you. and thank you for joining us as well. i'll be back with another local news update in half
i'm scott mcgrew.ay interest rate meeting in a few hours, likely announce a decision on rates as well. higher rates fight inflation, but higher rates have also caused big problems in the banking industry, leading to significant anxiety on wall street and for bank depositors. so a bit of a lose-lose decision today. full coverage ahead on our midday news coming up at 11:00. >> let's check the forecast with vianey arana. >> and we do still have some rain that's going to continue to...
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Mar 23, 2023
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i am scott mcgrew. a house sub committee will hold a hearing today questioning the ceo of tiktok.s relationship with china that has lawmakers concerned. >>> good morning, everybody. we are seeing the well-deserved break already arrive in the bay area. currently 51 in san francisco and we will mix that out to sun and clouds around lunchtime. perfect opportunity to step outdoors and clean up from the storm. another storm coming next week. >> ready to enjoy the weekend. thank you, cinthia. see you back here in half an hour with another update. "the doctor will see you now." but do they really? do they sesee all thatat you ? at k kaiser permrmanente all of us s work togetether to care e for all ththat is y. hi, i'm m katie. i live in n flagstaff,f, ariz. i'm anan older stutudent. i'm getttting my dococtorate in clinicacal psycholology. i i do a lot o of hikiking and kayayaking. i neneeded sometething to hep me gaiain clarity.y. so i was i in the phararmacy anand i saw a a display ofof pn and i asasked the pharmacicist about i it. i ststarted takiking prevagn anand i noticeced that i h
i am scott mcgrew. a house sub committee will hold a hearing today questioning the ceo of tiktok.s relationship with china that has lawmakers concerned. >>> good morning, everybody. we are seeing the well-deserved break already arrive in the bay area. currently 51 in san francisco and we will mix that out to sun and clouds around lunchtime. perfect opportunity to step outdoors and clean up from the storm. another storm coming next week. >> ready to enjoy the weekend. thank you,...
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Mar 1, 2023
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. >>> good morning, i'm scott mcgrew.mpany says if kids want to continue past 60 minutes, they'll have to enter a pass code which can set by their parents. parents can allow less time on weekdays or more time on weekends. adults can even set their own limits for themselves. >> let's look at the forecast right now with meteorologist kari hall. >> so nice to see the sunshine out there, as we take a live look outside in san jose. but it is a chilly start, most of us in the upper 30s right now. but the rain is moving away and we'll have a couple of days with some cool but sunny weather. we'll see that continue through friday and for the weekend we'll see rain coming right back. scattered showers off and on through saturday and seeing snow once again for elevations above 2,000 feet, starting on sunday, continuing into monday. and then the showers may linger a little longer in san francisco into tuesday. but in the near term we're going to enjoy the break in the wet weather because we do have more on the way. >> we sure are. th
. >>> good morning, i'm scott mcgrew.mpany says if kids want to continue past 60 minutes, they'll have to enter a pass code which can set by their parents. parents can allow less time on weekdays or more time on weekends. adults can even set their own limits for themselves. >> let's look at the forecast right now with meteorologist kari hall. >> so nice to see the sunshine out there, as we take a live look outside in san jose. but it is a chilly start, most of us in the...