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May 22, 2023
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. >> as scott mcgrew explained it this morning. and they are making a big investment so that we can make many of our technology pieces here. >> hundreds of billions of dollars invested into that. of course it's always like a return back home for the vice president. >> do you think she'll stop at home? >> i doubt that, she's got a busy schedule ahead for today. of course we're waiting to see if she'll come off the plane right now. okay. we'll continue to monitor that. okay. >> all right. >>> scott mcgrew continues our coverage on this event. he says we're starting to see the benefits from the bipartisan chips bill right here in the bay area. >> computer chips put silicon valley on the map. they are the silicon in silicon valley. but in the past few decades, the chips we design here are actually manufactured overseas. in factories called fabs in taiwan and china. today applied materials, which makes the machines that makes the chips, will give us more details on the new research facility to open in sunnyvale. three football fields lo
. >> as scott mcgrew explained it this morning. and they are making a big investment so that we can make many of our technology pieces here. >> hundreds of billions of dollars invested into that. of course it's always like a return back home for the vice president. >> do you think she'll stop at home? >> i doubt that, she's got a busy schedule ahead for today. of course we're waiting to see if she'll come off the plane right now. okay. we'll continue to monitor that....
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May 1, 2023
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scott mcgrew joins me here. you say for first republic customers it's going to be business as usual. >> not even a hiccup. they were first republic customers and this morning they're chase customers. it's as easy as that. federal regulators took control of the san francisco regional bank over the weekend. this is the second largest bank failure in u.s. history, and it comes a few days after first republic said it saw a billion in withdrawals from nervous customers following the failure of another regional bank, silicon valley bank. chase the one of america's strongest banks, well familiar with first republic. chase ceo jamie dimon had worked with other banks on a rescue plan depositing hundreds of millions in first republic to help it out, but it didn't work. he said this morning, our government invited us and others to step up, and we did. >> so all the deposits in first republic are safe? >> 100%. accounts under a quarter million are guaranteed by the fdic. deposits over a quarter million, not guaranteed, but
scott mcgrew joins me here. you say for first republic customers it's going to be business as usual. >> not even a hiccup. they were first republic customers and this morning they're chase customers. it's as easy as that. federal regulators took control of the san francisco regional bank over the weekend. this is the second largest bank failure in u.s. history, and it comes a few days after first republic said it saw a billion in withdrawals from nervous customers following the failure of...
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May 8, 2023
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up next, scott mcgrew breaks down what he describes a game of political chicken. >>> plus -- >> he spend 33 days in a medically induced coma where each day was really truly fighting for his life. >> turning a life-changing emergency into something positive. the story of an 11-year-old boy from the south bay who survived a near catastrophic brain bleed. how his family is give back. maman: i'm not slowowing down anytitime soon. that's why i tatake osteo o bi-flex evevery day. maman: i'm not slowowing down anytitime soon. it''s clininically shohown to improrove joint comforort in 7 dayays, and contntinues to improvove over timime. kinda likeke us. osteo bi-f-flex. because i'i'm madede to m. >>> we are learning a lot more about the man police say is responsible for the mass shooting at an outlet mall in texas. eight people were killed anl seven others wounded. this happened in the city of ale len just north of dallas. at this hour, three of the wound are still in critical condition. witnesses say that's what's going on around the country suspect was carrying an ar-15-style gun and was equipp
up next, scott mcgrew breaks down what he describes a game of political chicken. >>> plus -- >> he spend 33 days in a medically induced coma where each day was really truly fighting for his life. >> turning a life-changing emergency into something positive. the story of an 11-year-old boy from the south bay who survived a near catastrophic brain bleed. how his family is give back. maman: i'm not slowowing down anytitime soon. that's why i tatake osteo o bi-flex evevery day....
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May 16, 2023
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scott mcgrew explains the cia has its own strategy. >> so, ukrainian president zelenskyy has seen londonis fight against russia. he met with british prime minister sunak yesterday. britain sending medium-range missiles capable of hitting russian positions far past the front lines as well as long-range drones. france has promised light armored personnel carriers and tanks as well as training for the ukrainian soldiers to use them. zelenskyy's also been to berlin and rome. meantime, the american central intelligence agency has released a new video in russian on telegram, youtube, and other platforms, encouraging russians to contact the cia with secrets. take a look. ♪♪ [ speaking non-english ] >> the video shows a man who appears to be a government worker considering his family as he makes some kind of weighty decision. the video encourages russians to contact the cia through the internet to help bring an end to the war in ukraine. and they don't hide there from the cia. it's on the cia channel and ends with the cia seal. it includes links to the tour browser, which people use to hide thei
scott mcgrew explains the cia has its own strategy. >> so, ukrainian president zelenskyy has seen londonis fight against russia. he met with british prime minister sunak yesterday. britain sending medium-range missiles capable of hitting russian positions far past the front lines as well as long-range drones. france has promised light armored personnel carriers and tanks as well as training for the ukrainian soldiers to use them. zelenskyy's also been to berlin and rome. meantime, the...
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May 19, 2023
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. >> scott mcgrew continues our coverage here. they're not supposed to use chatgpt. >> this is not uncommon. good morning to you. a lot of companies are warning their employees to be very careful about how they interact with artificial intelligence. not because it isn't helpful, but because what they enter into ai can become part of the ai's knowledge. so if you were at the office trying to solve some sort of problem with software, you could show the ai some of your code, get a solution. but now your company's code is out there in the world. other companies like jpmorgan chase have also restricted employees from using chatgpt. if you haven't tried chatgpt yet, it's getting easier to do. both apple and google yesterday announced new chatgpt apps in their app stores. >> recently i spoke with an ai expert who speculated computers would soon advise scientists what experiments to run. right now, of course, scientists enter their experiment data into computers. in the future commuters might say i read the latest literature overnight and
. >> scott mcgrew continues our coverage here. they're not supposed to use chatgpt. >> this is not uncommon. good morning to you. a lot of companies are warning their employees to be very careful about how they interact with artificial intelligence. not because it isn't helpful, but because what they enter into ai can become part of the ai's knowledge. so if you were at the office trying to solve some sort of problem with software, you could show the ai some of your code, get a...
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May 30, 2023
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i'm scott mcgrew. marcus washington continues his vacation. >> i'm laura garcia. we're not bitter at all. i'm back, i'm back, and so is mike. we'll get a look at the morning commute, but first kari has a look at our forecast. >> we're starting out with a nice, mild morning across the bay area. temperatures mostly in the mid-50s and a few clouds here and there. it's clear in dublin where the temperature is at 53 degrees, a light, westerly wind. as we go throughout the morning, we are going to see the sun coming out and increasing sunshine going toward the noon hour and then the rest of the day it's going to be nice and sunny. it's back to what we've seen the past few days, highs in the upper 60s and low 70s, martinez reaching 68 degrees, in san francisco today 62 degrees. we'll get a look at the rest of the week's forecast and also the weekend coming up in a few minutes. >>> mike says chp might be working along 101 with flashlights. >> i'm going to call it out because one of our friends asked what's going on. this is 101 before san jose, coming up out of morgan hil
i'm scott mcgrew. marcus washington continues his vacation. >> i'm laura garcia. we're not bitter at all. i'm back, i'm back, and so is mike. we'll get a look at the morning commute, but first kari has a look at our forecast. >> we're starting out with a nice, mild morning across the bay area. temperatures mostly in the mid-50s and a few clouds here and there. it's clear in dublin where the temperature is at 53 degrees, a light, westerly wind. as we go throughout the morning, we are...
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May 26, 2023
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scott mcgrew says right now we are down to our last billion. >> the amount of money the united stateshas on hand varies day to day because money flows into and out of the treasury every day. we might have more money tomorrow. keeping that money supply even and predictable is why we have treasury bonds. the government buys and sells them all the time, but the government cannot issue debt right now because we haven't raised the debt ceiling. and it's simple as that, where we run out of money, we stop paying for things. the government checks stop, we default. janet yellen predicts that will happen a week from today. in the meantime, as of right now, the united states of america undefeated in world wars, who went 6- 1 in landing on the moon, has $49 billion in cash on hand to run the country according to the u.s. treasury. apple, the company, has $55 billion in cash it keeps around for emergencies. word is on the beltway that negotiations are going well, that the two sides are close to a deal. republican negotiators willing to raise the debt ceiling for two years past the upcoming electio
scott mcgrew says right now we are down to our last billion. >> the amount of money the united stateshas on hand varies day to day because money flows into and out of the treasury every day. we might have more money tomorrow. keeping that money supply even and predictable is why we have treasury bonds. the government buys and sells them all the time, but the government cannot issue debt right now because we haven't raised the debt ceiling. and it's simple as that, where we run out of...
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May 24, 2023
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. >> scott mcgrew in the newsroom this morning. desantis making that announcement on twitter. >> with a follow-up interview on fox news. desantis expected to make that announcement on twitter at 3:00 our time in a conversation with elon musk. we have some past video here of desantis in iowa, home of the first republican caucus, a must stop for republican candidates. twitter is an unusual choice. we think a lot about the company here in the bay area because it's based here but it's really not as important to the national discussion as it used to be. the announcement will come on twitter spaces, which is an audio conference call feature on twitter. again, a fairly obscure way to launch a national campaign. the decision to use twitter spaces got the attention of the political action committee supporting donald trump, which said, quote, this is one of the most out-of-touch campaign launches in modern history. the only thing less relatable than a niche campaign launch on twitter is desantis' after party at the uber-elite four seasons re
. >> scott mcgrew in the newsroom this morning. desantis making that announcement on twitter. >> with a follow-up interview on fox news. desantis expected to make that announcement on twitter at 3:00 our time in a conversation with elon musk. we have some past video here of desantis in iowa, home of the first republican caucus, a must stop for republican candidates. twitter is an unusual choice. we think a lot about the company here in the bay area because it's based here but it's...
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May 29, 2023
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i'm scott mcgrew on this monday morning.oliday off. >> yes, and i'm kira klapper. laura garcia also has this memorial day off. let's start with a look at the forecast. meteorologist kari hall is not only here, but you're covering the weather and the traffic for us. lots going on. >>> the good thing is it's quiet in both departments. hopefully we can ease through our memorial day. we're starting out with clouds across the bay area and cool temperatures. it's going to be overall a really nice day. and then as we go throughout the week, we'll continue to see highs in the 60s near the coast and low 70s for the inland areas and we'll see more mild weather as we go into the weekend, just a touch warmer. nice day for a hike and some of the parks are free for veterans, so make sure you check into that. we're also going to see a cloudy morning. then as we go into the rest of the day, clearing out and a mix of sun and clouds as temperatures once again reach into the low 70s. we'll check out all of our microclimates in the forecast com
i'm scott mcgrew on this monday morning.oliday off. >> yes, and i'm kira klapper. laura garcia also has this memorial day off. let's start with a look at the forecast. meteorologist kari hall is not only here, but you're covering the weather and the traffic for us. lots going on. >>> the good thing is it's quiet in both departments. hopefully we can ease through our memorial day. we're starting out with clouds across the bay area and cool temperatures. it's going to be overall a...
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May 24, 2023
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scott mcgrew is following this story. he's going to have more coming up at 6:15 right here on "today in the bay." >>> and california's attorney general now promising to provide some clarity on that deadly shooting dividing san francisco. that's a shooting by a walgreens security guard that killed a suspected shoplifter, banko brown. >> ginger conejero saab is live in san francisco this morning. what's the likelihood the da's decision might be overturned? >> reporter: laura, it is a high bar. even the family's attorney conceded that and there is no guarantee that they'll get a different decision in prosecuting michael an thrown, the security guard that shot and killed banko brown last month. the family says the review itself is significant. state prosecutors will examine if the da abused her discretion when deciding not to file charges against the security guard involved in that deadly shooting. the announcement comes amid growing outrage after the release of security video and the da's conclusion that anthony was acting i
scott mcgrew is following this story. he's going to have more coming up at 6:15 right here on "today in the bay." >>> and california's attorney general now promising to provide some clarity on that deadly shooting dividing san francisco. that's a shooting by a walgreens security guard that killed a suspected shoplifter, banko brown. >> ginger conejero saab is live in san francisco this morning. what's the likelihood the da's decision might be overturned? >>...
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May 10, 2023
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scott mcgrew is going to break down the new numbers just coming into our newsroom. >> this is not about the money. this is about getting my name back. >> writer e. jean carroll speaking out after jurors determined donald trump sexually abused and defamed her. her all new interview and trump's response this morning. >> and a new health warning in the east bay involving a spill of hazardous materials. we're going to continue to follow concerns over the cleanup and tell you why people are urged to stay off the streets. this is "today in the bay." >>> and this is wednesday. good morning to you all out there. i'm marcus washington. >> i'm laura garcia. we'll get a look at the morning commute with mike, but first let's talk about the forecast. one more cool day. >> one more cool day before we have to blast the ac because our natural ac will be gone. as we start out with clouds this morning, this is what usually helps us out, the marine layer sliding in with clouds for the morning that gradually starts to clear out as we go throughout the day. that's what we're seeing right now. as you're head
scott mcgrew is going to break down the new numbers just coming into our newsroom. >> this is not about the money. this is about getting my name back. >> writer e. jean carroll speaking out after jurors determined donald trump sexually abused and defamed her. her all new interview and trump's response this morning. >> and a new health warning in the east bay involving a spill of hazardous materials. we're going to continue to follow concerns over the cleanup and tell you why...
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May 10, 2023
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scott mcgrew is joining us. we've been talking about this time and time again, the number up and down -- not necessarily down, but up. >> i think what we're seeing is a trend down. we have definitely seen some peaks, but i think we're trending down. the fed has been raising interest rates essentially trying to tamper our economy, and it is a good economy. on friday we got that jobs number, very strong, showing lots of growth, wages were up. you have these two forces battling each other, a strong american economy, a fed that keeps trying to slow it down. the consumer price data that we'll get is coming in at 5:30 this morning and that's a monthly look at how that battle is going, the cpi. >> it tells us pretty much the price of everything. >> i enjoy this part of it. it's amazing the work they put into it, they measure the price of eggs and televisions and rental cars and put that together into two numbers, the headline, the inflation number, and then there's the core that ignores the cost of food and energy beca
scott mcgrew is joining us. we've been talking about this time and time again, the number up and down -- not necessarily down, but up. >> i think what we're seeing is a trend down. we have definitely seen some peaks, but i think we're trending down. the fed has been raising interest rates essentially trying to tamper our economy, and it is a good economy. on friday we got that jobs number, very strong, showing lots of growth, wages were up. you have these two forces battling each other, a...
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May 5, 2023
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our scott mcgrew is following breaking news of the jobs report that was just released. >> that does ita great day and we'll seal you back here
our scott mcgrew is following breaking news of the jobs report that was just released. >> that does ita great day and we'll seal you back here
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May 9, 2023
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scott mcgrew joins us. scott, the bottom line is the government needs more money. >> yeah. fa that's exactly right, not to spend on new things but to pay for the things that the government's already committed to. normally, raising the debt ceiling is ro dozens of times before, three times during the trump administration. the meeting takes place at 1:00 this afternoon our time, kevin mccarthy, schumer and mcconnell from the senate, and jeffries. mccarthy is certainly the hard-liner. he's already pushed a debt ceiling deal through the house, but it comes with conditions. the biden administration has to agree to cuts, he says, to current government programs. the president says he'll talk about cutbacks in future budgets, but we have to pass the debt ceiling free and clear. we've already spent that money, we owe it and need to pay it. the peacemaker in all of this may be senate minority leader mic mcconnell, saying the two sides can make a deal. >> the president and the speaker need to reach an agreement to get us past this impasse. that's my message going down to the white hou
scott mcgrew joins us. scott, the bottom line is the government needs more money. >> yeah. fa that's exactly right, not to spend on new things but to pay for the things that the government's already committed to. normally, raising the debt ceiling is ro dozens of times before, three times during the trump administration. the meeting takes place at 1:00 this afternoon our time, kevin mccarthy, schumer and mcconnell from the senate, and jeffries. mccarthy is certainly the hard-liner. he's...
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May 15, 2023
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. >> scott mcgrew has the latest. >> reporter: they are getting tougher with the new restrictions. if they cross they can face a five-year ban on being considered for status here. all of that has had an effect. we heard from the security secretary. >> there has been a 60% drop in encounters versus what we were experiencing earlier in the week and before title 42 ended at midnight on thursday. it is early. we are only in day three. >> mayorkas talked about a 50% reduction. customs and border protection just sent us their latest numbers. in the days leading up to the end of title 42, 11,000 people per day were apprehended trying to cross the border. by sunday it was 4100. that is a 62% reduction. there are still more legal migrants, those following the rules at the port of entry, asking for asylum, then the u.s. can handle. hundreds have been arriving each day in new york. they have opened 140 emergency shelters in new york and eight large-scale relief centers for asylum-seekers. in some cases they are going to have to move out homeless veterans to make room for homeless migrants bec
. >> scott mcgrew has the latest. >> reporter: they are getting tougher with the new restrictions. if they cross they can face a five-year ban on being considered for status here. all of that has had an effect. we heard from the security secretary. >> there has been a 60% drop in encounters versus what we were experiencing earlier in the week and before title 42 ended at midnight on thursday. it is early. we are only in day three. >> mayorkas talked about a 50%...
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May 31, 2023
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our scott mcgrew is driving into that debate. >> the "today" show is starting right n >>> good wednesday
our scott mcgrew is driving into that debate. >> the "today" show is starting right n >>> good wednesday
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May 30, 2023
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i'm laura garcia. >> i'm scott mcgrew. marcus has the morning off. >>> we start with breaking news at a south bay, a person has been shot and killed at a homeless encampment. bob redell is live. any arrests? >> reporter: not as of yet. a police officer on the scene did tell us they have a suspect description but they have not found this person yet. we're at police headquarters, a couple of miles from here. this is video we shot in the past hour. this is just off northbound highway 87 before the 280-680 connecter just south of the downtown area. with shooting happenedin the 10:00 hour last night in a homeless encampment off the freeway. a man and woman were both shot. one of them did die at the scene, the other was taken to the hospital. we don't have details on what led up to the shooting and we don't know of any arrests as of yet. as a result, part of northbound 87, the far right lane, is shut down for a short time. but so far, it wasn't having too much impact on the traffic because it's just a short closure and we know t
i'm laura garcia. >> i'm scott mcgrew. marcus has the morning off. >>> we start with breaking news at a south bay, a person has been shot and killed at a homeless encampment. bob redell is live. any arrests? >> reporter: not as of yet. a police officer on the scene did tell us they have a suspect description but they have not found this person yet. we're at police headquarters, a couple of miles from here. this is video we shot in the past hour. this is just off northbound...
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May 23, 2023
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. >> scott mcgrew joins us, nine days remain. >> nine days and that counts today. i'm counting today because it's still morning in washington. they have today to work on it. president biden met with speaker mccarthy at the white house on monday, after president biden cut his meetings with foreign leaders early and returned to washington. both sides sounded positive, but the only positive outcome is going to be avoiding default. here is speaker mccarthy. >> i felt we had a productive discussion. we don't have an agreement yet, but i did feel the discussion was productive in areas that we have differences of opinion. >> now, there is some second-guessing in washington about whether biden should have negotiated at all. remember, the president's position is the u.s. pays its debts. it honors its word. the debt ceiling has to be lifted with no debate. some in democratic leadership are now thinking in retrospect, by entering into negotiations, biden is saying those concepts that america's promises are promises, are themselves negotiatable. other news, kari lake has suffe
. >> scott mcgrew joins us, nine days remain. >> nine days and that counts today. i'm counting today because it's still morning in washington. they have today to work on it. president biden met with speaker mccarthy at the white house on monday, after president biden cut his meetings with foreign leaders early and returned to washington. both sides sounded positive, but the only positive outcome is going to be avoiding default. here is speaker mccarthy. >> i felt we had a...
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May 20, 2023
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. >> reporter: he was a speaker at the gala, with our own scott mcgrew. >> i avoid facebook, don't evenhem on the computer because it tracks everything you type. >> reporter: he questions whether twitter will survive elon musk's takeover and criticizes the supreme court decision that once again shields internet companies over lawsuits of content by users. >> we have to have regulation and not sit by idly when crimes are done. i have a lawsuit of my own against youtube. >> reporter: students fascinated to glimpse into one of the world's greatest minds. >> talking about the future of innovation and giving caution to chatgpt. >> it's good, a.i., it's going to make our life automated and i feel we need it to an extent. >> reporter: next? >> the big companies are going to be in charge of defining it and not innovative, creative people who thought deeply, studied and practiced for ages. >>> new at 11:00, more trouble for elon musk and twitter. the parent company is facing an investigation over building code violations at the san francisco headquarters after six former employees sued claiming
. >> reporter: he was a speaker at the gala, with our own scott mcgrew. >> i avoid facebook, don't evenhem on the computer because it tracks everything you type. >> reporter: he questions whether twitter will survive elon musk's takeover and criticizes the supreme court decision that once again shields internet companies over lawsuits of content by users. >> we have to have regulation and not sit by idly when crimes are done. i have a lawsuit of my own against youtube....
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May 23, 2023
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scott mcgrew, it's one of the most serious warnings for parents yet. >> it's an important warning.ir own. children use social media a lot. people are sometimes mean on social media. and children have been suffering record levels of mental health crises. it adds up. let's take a look at the report. you probably wouldn't be surprised to find out two-thirds of children use social media every day, 13 to 17-year-olds. but perhaps surprising is one-third of teens report using social media essentially constantly. the most important line in the report, "we cannot conclude that social media is sufficiently safe for children and adolescents." here's the surgeon general speaking on "today" earlier this morning. >> we see rates of depression and anxiety and suicide and loneliness going up among young people. and i'm concerned that social media is an important driver of that mental health crisis. this is the defining public health issue of our time. >> one of the experts in this report, rather, recommends that kids don't have smartphones or engage in some of these certain apps until they're 14
scott mcgrew, it's one of the most serious warnings for parents yet. >> it's an important warning.ir own. children use social media a lot. people are sometimes mean on social media. and children have been suffering record levels of mental health crises. it adds up. let's take a look at the report. you probably wouldn't be surprised to find out two-thirds of children use social media every day, 13 to 17-year-olds. but perhaps surprising is one-third of teens report using social media...
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May 11, 2023
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as scott mcgrew said it was not her only challenge. >> heather armstrong had sometimes more major readers deuce than major newspapers. her honesty about her job in salt lake city and her workplace all published online got her fired and it was a term of the century, to be deuced was to be fired for blogging. >> that was the first line on my tombstone. at the time this was 2002 and blogging was relatively new. not many people had heard of it. it sounded like a disease. it didn't sound like a hobby, and i was extremely naive in thinking that i being get away with it. >> that was a conversation she and i had back in the early 2000s. the line about the tombstone i'm sure she meant as a joke, but we did get word heather has taken her own life. she was famous about her humorous posts about patienting and she was honest about her struggles. >> most of my e-mails are people talking about my depression. i'm not embarrassed about it. >> heather armstrong, mother of two, pioneering online dieartist died at age 47. if you know someone who needs to talk to someone the national suicide prevention lifeli
as scott mcgrew said it was not her only challenge. >> heather armstrong had sometimes more major readers deuce than major newspapers. her honesty about her job in salt lake city and her workplace all published online got her fired and it was a term of the century, to be deuced was to be fired for blogging. >> that was the first line on my tombstone. at the time this was 2002 and blogging was relatively new. not many people had heard of it. it sounded like a disease. it didn't sound...
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May 19, 2023
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our scott mcgrew breaks down what you can now do from the palm of your hand. >>> did you know charlie kaplan has strong ties to a community in the bay area? the festival returning this weekend and what you can expect to see. >>> before we head to break, let's catch up with chris chmura, working on a story for our 11:00 p.m. newscast. chris, you've been very busy here showing me some video, interesting video. >> a story about wildfire innovations designed to save your home. and this is a sprinkler system that is attached to a home. how many times have you heard the term defensible space? >> i've heard about it. >> so this is a new design. >> wow. >> to help people who really need to defend that space. that's not the only innovation. we're looking at another one. this is in the santa cruz mountains. we're looking at another one that's in santa rosa. that's basically the entire house, it's designed to be fire resilient. it's really important, because insurance is so difficult right now. >> very, very difficult. i've never seen anything like that. >> they say it's one of a kind, it's prop
our scott mcgrew breaks down what you can now do from the palm of your hand. >>> did you know charlie kaplan has strong ties to a community in the bay area? the festival returning this weekend and what you can expect to see. >>> before we head to break, let's catch up with chris chmura, working on a story for our 11:00 p.m. newscast. chris, you've been very busy here showing me some video, interesting video. >> a story about wildfire innovations designed to save your...
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May 5, 2023
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our scott mcgrew is here right now. they were added to the economy in the past month. >> the april jobs report 253,000 jobs added to be exact. those numbers released this morning by the labor department. the unemployment rate is back down to 3.4%. as you pointed out, marcus, is the lowest since lafon was the most popular show on tv. the good news on jobs comes despite the feds raising inflation. it has been a tough balance. can use low inflation, yet still avoid recession? i spoke with economist danny greg who says so far, so good. >> we are in a goldilocks scenario. we are in the fear of recession receding. that was with the recent banking troubles. right now, looks like we are at a good balancing point where the feds do not have to raise interest rates much further to keep the lid on inflation, but at the same time, we are seeing are demand for labor and to get jobs which is not the position. >> goldilocks indeed. as we talk about the good news, there is a disconnect between california and economy and the rest of the
our scott mcgrew is here right now. they were added to the economy in the past month. >> the april jobs report 253,000 jobs added to be exact. those numbers released this morning by the labor department. the unemployment rate is back down to 3.4%. as you pointed out, marcus, is the lowest since lafon was the most popular show on tv. the good news on jobs comes despite the feds raising inflation. it has been a tough balance. can use low inflation, yet still avoid recession? i spoke with...
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May 12, 2023
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our scott mcgrew says that yaccarino has skills twitter needs. >> yeah. the skills and the relationships. yaccarino has been a top executive at nbcuniversal, the parent company of this tv station, for more than a decade. in that decade, a lot of her job was developing relationships with major brands to get them to advertise on nbc. as ceo of twitter, she could bring those brands back to the social network. twitter is desperate for advertisers. now, her departure comes just before what they call the upfronts at nbc, spring recruitment for the television's advertisers. yesterday elon musk announced there would be a new twitter ceo, but he said he would hold on to a great deal of the ceo job, including product, software, and systems. musk has run a poll on his twitter account back in december asking if he should step down, and a majority of respondents said yes. tesla investors are also pleased with the news as many were concerned twitter was taking up too much of musk's time. back to you. >> thanks, scott. >>> this also just into our newsroom, governor gavi
our scott mcgrew says that yaccarino has skills twitter needs. >> yeah. the skills and the relationships. yaccarino has been a top executive at nbcuniversal, the parent company of this tv station, for more than a decade. in that decade, a lot of her job was developing relationships with major brands to get them to advertise on nbc. as ceo of twitter, she could bring those brands back to the social network. twitter is desperate for advertisers. now, her departure comes just before what...
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May 21, 2023
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i'm scott mcgrew.he most common advertiseseme geget on twiwitter is foror a r shipip lampmp, whihich is not w. i like rockets. i guess i like lamps. i probablbly know more o or les than anyonone elsese, but i lik lampmps. what i i'm not s seeing a askeds a new car or cononsumer goods le just soap. thatat's becausese big compapan like j jeep and c coca cola havl left twitter. they may notot sayay whwhy, bud the scenenes, it's's c clear worried d about elonon musk. a private email shows the heads of advertising at mcdonald's and albebertson's, all have deep concerns assssociating their brandsds with t twitter andnd b extetension, elolon musk. mamask dedemassamo joins me now. sosomeone o once s said if brainsnstorming w were a ststark would be a a first draft pickck. tatalk to me about twitter. is the factt t that i seeee mos adss for a littltle rockeket s lamp a bad signgn? >> wewell, it is for the shoho rereturn, ababsolutely.. whenen muskk took o over twitte most - -- manyy of the lararges adadvertiser
i'm scott mcgrew.he most common advertiseseme geget on twiwitter is foror a r shipip lampmp, whihich is not w. i like rockets. i guess i like lamps. i probablbly know more o or les than anyonone elsese, but i lik lampmps. what i i'm not s seeing a askeds a new car or cononsumer goods le just soap. thatat's becausese big compapan like j jeep and c coca cola havl left twitter. they may notot sayay whwhy, bud the scenenes, it's's c clear worried d about elonon musk. a private email shows the heads...
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May 24, 2023
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our scott mcgrew takes a closer look at the decision and shows you how you can listen in. >> twitterhe audio conferencing feature on twitter, and it is an unusual place to launch a nationwide presidential campaign. the more traditional route is what tim scott did earlier this week -- go to your hometown, your home state, fill it with supporters holding signs. now, desantis has been precampaigning, appearing in the crucial state of iowa, home to the first republican caucus, but he's going to buck tradition with the announcement on twitter where he'll be interviewed by elon musk live. nbc estimates about a quarter of americans have a twitter account, though that poll was taken before musk took over. far fewer people use twitter spaces. here's elon musk speaking about desantis and then earlier to cnbc about the upcoming election. >> he has quite an announcement to make and will be -- it will be the first time something like this happens on social media. i wish we could have a normal being as president. that's what i want. >> the trump campaign, which reacts to desantis' every move, alre
our scott mcgrew takes a closer look at the decision and shows you how you can listen in. >> twitterhe audio conferencing feature on twitter, and it is an unusual place to launch a nationwide presidential campaign. the more traditional route is what tim scott did earlier this week -- go to your hometown, your home state, fill it with supporters holding signs. now, desantis has been precampaigning, appearing in the crucial state of iowa, home to the first republican caucus, but he's going...
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May 10, 2023
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. >> scott mcgrew joins us. you're saying paying more than we wanted to but less than we did. >> that's right. at the worst moments, 9% more than we used to. that number today down below 5%, this according to the latest measure of the consumer price index released this morning. it shows prices up 4.9% overall. that trend continues lower and it may be evidence the fed's repeated interest rate hikes are taking effect. the cpi measures a huge basket of goods, hundreds of products d services. let's look at a couple. we've seen big changes in used cars. th used to be much more expensive, but prices continue to fall. gas prices are down, headed even lower. going out to eat still expensive. my personal experience is it's way more than plus 8%. but i guess that's a nationwide average. tv and electronics have been falling for months, and of course eggs are still out of this world, up 21%. that has to do with bird flu and the health of our chickens, et cetera. >> right. >> but eggs still very expensive. but everything tre
. >> scott mcgrew joins us. you're saying paying more than we wanted to but less than we did. >> that's right. at the worst moments, 9% more than we used to. that number today down below 5%, this according to the latest measure of the consumer price index released this morning. it shows prices up 4.9% overall. that trend continues lower and it may be evidence the fed's repeated interest rate hikes are taking effect. the cpi measures a huge basket of goods, hundreds of products d...
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May 25, 2023
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. >>> scott mcgrew continues our coverage this morning. idea that people won't get paid anymore if the debt ceiling agreement is not reached? >> and also because of artificial intelligence, as well because their skills would no longer be needed. we're talking truck drivers, pilots, accountants, radiologists, legal clerks. how do we transition them to other jobs and should we start paying people for jobs that ai can't do? a job that might be a little league coach or a stay-at-home parent. ai can't do that. should we pay them because ai can't do it. nvidia's shares are up enormously this morning. the biggest one-day jump in silicon valley history after the company predicted ai would cause a huge demand for its chips. speaking of ai, the newspaper "the daily mail" recently asked mid-journey to predict what american cities would look like in the future. there you see san francisco. the computer is predicting green space will be important and that's washington, d.c. and seattle still recognizable by the space needle and highways are still there
. >>> scott mcgrew continues our coverage this morning. idea that people won't get paid anymore if the debt ceiling agreement is not reached? >> and also because of artificial intelligence, as well because their skills would no longer be needed. we're talking truck drivers, pilots, accountants, radiologists, legal clerks. how do we transition them to other jobs and should we start paying people for jobs that ai can't do? a job that might be a little league coach or a stay-at-home...
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May 3, 2023
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. >> scott mcgrew joining us now.ng about another quarter point, and that was expected. >>> entirely expected. everybody bet on it. that brings the fed rates up to the highest in 16 years all in an effort to try to slow down the economy to fight inflation. the next thing we're waiting on is a press conference from federal reserve chair jay powell who will go into more depth about the decision, give us a clearer picture about what the fed may do next. the latest data on inflation shows us inflation slowing but still not quite where the fed wants it. the fed may hint that it's done raising rates for now. let it take effect. >> and maybe give banks a break. >> it started with silicon valley bank that did not plan for higher rates, which was a poor decision, and we've been dealing with that since, the worry over regional banks spread to signature bank to first republic. that has got to be on the fed's mind as well. we'll know in about 20 minutes. >> we know you'll monitor. thanks. >>> ahead, a sneak peek into what broadca
. >> scott mcgrew joining us now.ng about another quarter point, and that was expected. >>> entirely expected. everybody bet on it. that brings the fed rates up to the highest in 16 years all in an effort to try to slow down the economy to fight inflation. the next thing we're waiting on is a press conference from federal reserve chair jay powell who will go into more depth about the decision, give us a clearer picture about what the fed may do next. the latest data on inflation...
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May 2, 2023
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scott mcgrew has been monitoring this for us. time is running out here. >> oh, yeah. america has a brand-new deadline, june 1st, when janet yellen says the u.s. treasury will run out of ways to pay american debt. after that, we would default for the first time in american history. that meeting no time soon. it's scheduled for next week. speaker mccarthy and his party have already passed the debt ceiling increase through the house, but they've attached huge budget cuts in that package. if democrats were to agree, spending on current government programs would be slashed, tax credits for electric cars would go away, and they'd have to give up on relief for american student loans. those are conditions the republicans in the house have for raising the debt ceiling and avoiding national default. president biden's position, the same position previous presidents including trump have always had -- no conditions. we pay our bills. >> america is not a deadbeat nation. we have never, ever failed to meet the debt. now, as a result, one of the most respected nations in the world, w
scott mcgrew has been monitoring this for us. time is running out here. >> oh, yeah. america has a brand-new deadline, june 1st, when janet yellen says the u.s. treasury will run out of ways to pay american debt. after that, we would default for the first time in american history. that meeting no time soon. it's scheduled for next week. speaker mccarthy and his party have already passed the debt ceiling increase through the house, but they've attached huge budget cuts in that package. if...
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May 1, 2023
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our scott mcgrew is looking into what this means for customers. >> a
our scott mcgrew is looking into what this means for customers. >> a
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May 17, 2023
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. >> as our scott mcgrew explains, the issues remain the same, but both sides are talking about negotiations in a more positive way. >> speaker kevin mccarthy said after tuesday's meeting he thought the two sides could reach an agreement by the end of the week. and then this morning on cnbc, he used a bit of flattery to move things along. take a listen. >> i think at the end of the day, we do not have a debt default. i think we finally got the president to agree to negotiate. that was probably difficult for him to say as president, he would negotiate with somebody. but it's really what the old joe biden was good at. and now we've got an opportunity for him to be back to what he used to be able to do and let's get the job done. >> now, base on what the president has said in the past, what mccarthy said was not necessarily spot-on accurate. the president has said he will not negotiate over the debt ceiling, that the debt ceiling is not something to be ransomed, that saving or ruining the full faith and credit of the united states was not something that could even be discussed or considered. bu
. >> as our scott mcgrew explains, the issues remain the same, but both sides are talking about negotiations in a more positive way. >> speaker kevin mccarthy said after tuesday's meeting he thought the two sides could reach an agreement by the end of the week. and then this morning on cnbc, he used a bit of flattery to move things along. take a listen. >> i think at the end of the day, we do not have a debt default. i think we finally got the president to agree to negotiate....
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May 1, 2023
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scott mcgrew continues our story here. >> well, it certainly feels like a trend. silicon valley bank, signature bank, first republic, then swiss-based ubs on top of that. investors on wall street, though, seem confident that the banking system will find its way out of this, though they've been wrong before. many had a buy rating on first republic. cnbc's jim cramer had tweeted the bank was strong. it was not. the challenge for silicon valley bank and first republic was made worse by interest rates. both banks, rather foolishly, held long-term debt at low interest rates, even as the fed was hiking. the fed meets again this week. we do expect another hike, maybe the last, as fed interest rates are now at a 16-year high. on friday, the federal reserve issued a report examining its own actions or inactions in the silicon valley bank and the signature bank cases. it faulted the banks, of course, particularly signature, but it also determined it was responsible for failing to enforce current rules and suggested some new ones. one of the biggest problems according to the
scott mcgrew continues our story here. >> well, it certainly feels like a trend. silicon valley bank, signature bank, first republic, then swiss-based ubs on top of that. investors on wall street, though, seem confident that the banking system will find its way out of this, though they've been wrong before. many had a buy rating on first republic. cnbc's jim cramer had tweeted the bank was strong. it was not. the challenge for silicon valley bank and first republic was made worse by...
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May 30, 2023
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i'm scott mcgrew.ck to that breaking story, disgraced theranos foumder elizabeth holmes in prison. she just showed up at the gates moments ago. in a minute we'll hear from an expert breaking down what that first day is going to be like. nbc bay area's kris sanchez is here. you spent a lot of time with holmes in court during that trial. >> yeah, so we are talking about a culmination of 22 months of legal proceedings, pauses, appeals and what not, and now we know that there will not be any more delays from the judge. the judge did grant elizabeth holmes a little bit more time to bond with her new baby, but she has reported, has rendered herself to that prison in texas in the last half hour. she arrived at that all women's minimum security federal prison camp in bryant, texas, about 100 miles from where she grew up in houston. that is her there in the middle. those three people. she's wearing jeans and a khaki top and sneakers. she arrived in an suv with her partner and her parents, and after few embrace,
i'm scott mcgrew.ck to that breaking story, disgraced theranos foumder elizabeth holmes in prison. she just showed up at the gates moments ago. in a minute we'll hear from an expert breaking down what that first day is going to be like. nbc bay area's kris sanchez is here. you spent a lot of time with holmes in court during that trial. >> yeah, so we are talking about a culmination of 22 months of legal proceedings, pauses, appeals and what not, and now we know that there will not be any...
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May 11, 2023
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. >> scott mcgrew is joining us.iden administration had no choice but to let it expire. >> it was a covid restriction, right, and the pandemic is over. that said the biden administration had been trying to get rid of title 42 for sometime. title 42 allowed the united states to send migrants who had come asking for asylum either back from where they came or mexico, while they awaited a court decision on the immunity. it was put into place as a public health measure during the pandemic. title 42 replaced the so-called catch and release system where we let people in, heard their claims for asylum and let them stay in the united states while they awaited processing. many migrants think we are going back to that, but, in fact, we are not, exactly. there are brand-new rules, tougher rules that generally require migrants to sign up for an appointment online before showing up at the border, and that they apply for asylum in whatever country they pass through first, usually mexico. immigration says a vast majority of the peop
. >> scott mcgrew is joining us.iden administration had no choice but to let it expire. >> it was a covid restriction, right, and the pandemic is over. that said the biden administration had been trying to get rid of title 42 for sometime. title 42 allowed the united states to send migrants who had come asking for asylum either back from where they came or mexico, while they awaited a court decision on the immunity. it was put into place as a public health measure during the...
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May 4, 2023
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. >> scott mcgrew, they want americans to see the hard work at the border. >> yeah, yesterday we sawrills with the sirens and shouting and humvees. alejandro mayorkas will visit the southern border. we are days away from the end of the title 42 that called for the immediate expulsion of the migrants because of the pandemic, and now so is the basis for title 42. many migrants have a huge misunderstanding of what all this means. the borders will not be open. they will not be given preferential treatment. now they have to make an appointment ahead of time online for asylum. president biden hosted military commanders for dinner last night, those that have been involved in action like those who helped evacuate the american embassy in sudan. the president did make it political. >> we take care of them and their families when they come home and care for them in a way that they deserve, and -- that's a little in dispute right now but i think we will get that straightened out, too, politically. >> in dispute, the president is talking about the potential threats to veterans benefits. republica
. >> scott mcgrew, they want americans to see the hard work at the border. >> yeah, yesterday we sawrills with the sirens and shouting and humvees. alejandro mayorkas will visit the southern border. we are days away from the end of the title 42 that called for the immediate expulsion of the migrants because of the pandemic, and now so is the basis for title 42. many migrants have a huge misunderstanding of what all this means. the borders will not be open. they will not be given...
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May 25, 2023
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giving us a better look into the future, and scott mcgrew will explain how san francisco could look decades us there. if not, the "today" show coming up next live right here on television. we will be back for our midday news at 11:00 a.m. we hope you join us, and we also hope you have a great thursday morning. . >>> good thursday morning. >>> good thursday morning. the world waking up and remembering the one and only tina turner. >> she was simply the best we'll celebrate her remarkable life and career. it is may the 25th
giving us a better look into the future, and scott mcgrew will explain how san francisco could look decades us there. if not, the "today" show coming up next live right here on television. we will be back for our midday news at 11:00 a.m. we hope you join us, and we also hope you have a great thursday morning. . >>> good thursday morning. >>> good thursday morning. the world waking up and remembering the one and only tina turner. >> she was simply the best...
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May 11, 2023
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. >> that's right, scott mcgrew, no choice but to let it expire because it's connected to covid. >> thedministration had been trying to get rid of title 42 for sometime. it allowed migrants to come across asking for asylum to wait. we're not going back to the catch and release system. there are brand-new tougher rules before people are admitted in. they generally require migrants to sign up online before showing up to the border and they apply for asylum in whatever country they pass through first. that's usually mexico. a vast majority of people we see at the border have not done that and therefore will not be admitted. we are seeing a record number of people at the border anyway, some perhaps trying to get in before the tougher rules take effect, and some perhaps don't understand there are new rules. also keep in mind up until recently, showing up at the border unannounced and asking for asylum because the legal way of doing things. this is a video you don't see very often. the paperwork and the bureaucracy, people who very much followed the american law the way our congress wrote it.
. >> that's right, scott mcgrew, no choice but to let it expire because it's connected to covid. >> thedministration had been trying to get rid of title 42 for sometime. it allowed migrants to come across asking for asylum to wait. we're not going back to the catch and release system. there are brand-new tougher rules before people are admitted in. they generally require migrants to sign up online before showing up to the border and they apply for asylum in whatever country they...
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May 29, 2023
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scott mcgrew will have another scott mcgrew will have another local update in a half an hour. ♪♪♪ alexexisis. great. y you know ththat n has s really wororked wonder. and d you're grorowing in calififornia? great. y you know ththat n has s really wororked wonder. -yup, , socal, nororcal... -monteterey? -all d day. -a brancnch in ventutura? that's's for sure-e-ah. atms in n fresno? that's's for sure-e-ah. freses-yes. that's's for sure-e-ah. encinitatas? yes, indndeed-us. encinitatas? anaheim? encinitatas? big g time. encinitatas? more guauacamole? encinitatas? i'i'm on a rololl-ay. encinitatas? how about t you? i'm jujust visitining. u.s.s. bank. ranked #1 1 in customomer satisfafaction h retatail bankingng in calififornia by j j.d. po. >>> it's 8:00 on "today." coming up, search for survivors. a terrifying scene in iowa as an apartment complex collapses. >> the [ bleep ] building just collapsed. >> with rescue operations still under way this morning, what investigators are saying about the possible cause. we are live on the scene. >>> heart of gold. harry smith shares the inspiring story
scott mcgrew will have another scott mcgrew will have another local update in a half an hour. ♪♪♪ alexexisis. great. y you know ththat n has s really wororked wonder. and d you're grorowing in calififornia? great. y you know ththat n has s really wororked wonder. -yup, , socal, nororcal... -monteterey? -all d day. -a brancnch in ventutura? that's's for sure-e-ah. atms in n fresno? that's's for sure-e-ah. freses-yes. that's's for sure-e-ah. encinitatas? yes, indndeed-us. encinitatas?...
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May 15, 2023
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. >> scott mcgrew here to fill us in on this. e number of illegal crossings appears to be down, scott. so are the legal crossings as well? >> exactly right. we know how many people cross illegally based on border patrol and how many they're able to catch. the number of people crossing legally -- and remember a lot do -- is also down, because of the new restrictions on the process. there was an enormous influx as title 42, obviously this is not people at the border, ended last week. you can come back out to me on camera. as we reported last week, new restrictions were put into place, those do seem to be holding. though immigration and border patrol says they still need more help and it's congress that can help the most. here is senator chris murphy on "meet the press" on sunday. >> the president has not been sitting on his hands like republicans would allege. the president has been actively engaged in trying to manage this crisis. he has negotiated important agreements with mexico so that mexico takes more of these migrants, he has
. >> scott mcgrew here to fill us in on this. e number of illegal crossings appears to be down, scott. so are the legal crossings as well? >> exactly right. we know how many people cross illegally based on border patrol and how many they're able to catch. the number of people crossing legally -- and remember a lot do -- is also down, because of the new restrictions on the process. there was an enormous influx as title 42, obviously this is not people at the border, ended last week....
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May 29, 2023
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. >> i'm scott mcgrew. laura and marcus both have the day off. kari does not.ouble duty for us. it is a lovely forecast. >> it is a nice forecast. so far it's been nice and quiet also in the traffic department, which i'm taking over as well. it's been also a smooth flow. let's get a live look outside in dublin where there's going to be a lot of people out there on 580 heading to the outlets, trying to catch some of those memorial day sales. but, also, we have a lot of ceremonies going on around the bay area and we're starting out cloudy. we're headed for the low to mid-70s this afternoon, partly cloudy skies. we can see the trend as we go toward 11:00, we're at 63 degrees and reaching the peak of temperatures around 2:00 to 3:00 today. in san jose it will reach 73 degrees, and we're also going to see upper 60s and low 70s, very much like the weather we've seen over the past few days where our temperatures are cooler than normal. so i'll have a look at that and what to expect over the next several days coming up in a few minutes. >>> new overnight, san francisco
. >> i'm scott mcgrew. laura and marcus both have the day off. kari does not.ouble duty for us. it is a lovely forecast. >> it is a nice forecast. so far it's been nice and quiet also in the traffic department, which i'm taking over as well. it's been also a smooth flow. let's get a live look outside in dublin where there's going to be a lot of people out there on 580 heading to the outlets, trying to catch some of those memorial day sales. but, also, we have a lot of ceremonies...
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May 16, 2023
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. >> scott mcgrew, in many ways it is a manufactured crisis. >> it really is. good morning to you.this is not a crisis. we've had to raise the nation's debt ceiling many times in the past, often without argument. people barely notice. today, though, we'll see a white house meeting with top leaders from both houses. kevin mccarthy and hakeem jeffries, schumer and mcconnell from the senate. mccarthy is the one who promised republicans in the house he would insist on cuts to current government programs, cuts biden won't agree to. reporters caught mccarthy on the stairwell, where he said he did not expect much progress today. reporters found president biden on a bike sunday where he was far more optimistic. everybody getting in their cardio. in the middle of all of this, treasury secretary janet yellen reiterated her warning the government would likely default on its debt as of june 1st. earlier, the congressional budget office speculated we have more time, yellen says we don't. the justice department has released a report put together by special counsel john durham looking into the re
. >> scott mcgrew, in many ways it is a manufactured crisis. >> it really is. good morning to you.this is not a crisis. we've had to raise the nation's debt ceiling many times in the past, often without argument. people barely notice. today, though, we'll see a white house meeting with top leaders from both houses. kevin mccarthy and hakeem jeffries, schumer and mcconnell from the senate. mccarthy is the one who promised republicans in the house he would insist on cuts to current...
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May 12, 2023
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. >> scott mcgrew with us. there was worry she may never return. >> exactly right.ed she's going to not serve another term, but the current job is still hers until 2025. senator feinstein had been out for months dealing with a case of shingles, and she's on that crucial senate judiciary committee where republicans were able to hold up some of biden's choices for courts because feinstein and her vote weren't there. now, with her return, the committee quickly banged out three approvals to send the nominations to the full senate. a federal judge in florida has said no to a biden plan that would allow qualified migrants who are asking for asylum to be released into the united states without a court date. immigration officials had come up with that idea as a way of reducing crowding at immigration centers on the border. as you know, there are an overwhelming number of people trying to cross legally. as we were discussing yesterday, title 42 may be gone, but there's still rules like title 8 that are more severe. many of the new rules are designed to prevent as many migran
. >> scott mcgrew with us. there was worry she may never return. >> exactly right.ed she's going to not serve another term, but the current job is still hers until 2025. senator feinstein had been out for months dealing with a case of shingles, and she's on that crucial senate judiciary committee where republicans were able to hold up some of biden's choices for courts because feinstein and her vote weren't there. now, with her return, the committee quickly banged out three...
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May 3, 2023
05/23
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. >> scott mcgrew joining us now. mitch mcconnell now saying that he will attend the white house summit. >> that sounds like good news. we weren't sure he would, and many do see that as a good sign. now, obviously he's supporting the republican side of the argument, but mcconnell in the past has talked about how important it is that america never default on its debt. republicans in the house are insisting on big budget cuts and rollbacks in exchange for lifting the ceiling. democrats say preventing default shouldn't come with conditions. mcconnell in a press conference yesterday said there was room for both sides to negotiate. this puts republican speaker of the house kevin mccarthy in a pickle. if he gives in to the president, he'll probably make the right wing so angry, they'll remove him as speaker. but if he doesn't reach some sort of agreement with the president, america could plunge into massive recession or worse. republicans are calling for trillions of dollars in cuts in the budget, but haven't actually speci
. >> scott mcgrew joining us now. mitch mcconnell now saying that he will attend the white house summit. >> that sounds like good news. we weren't sure he would, and many do see that as a good sign. now, obviously he's supporting the republican side of the argument, but mcconnell in the past has talked about how important it is that america never default on its debt. republicans in the house are insisting on big budget cuts and rollbacks in exchange for lifting the ceiling....
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May 17, 2023
05/23
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. >> scott mcgrew, president biden negotiating with the new speaker of the house over the debt ceiling. >> that's right. good morning. so you can kind of say it's sort of the same as it ever was. the speaker making demands of the president, as the full faith and credit of the united states hangs in the balance. we had a similar situation a few years back with pelosi and trump, now it's mccarthy and biden. the good news is both sides say tuesday's talks went very well. >> we just finished another good, productive meeting with our congressional leadership about a path forward to make sure that america does not default on its debt. >> it is possible to get a deal by the end of the week. it's not that difficult to get to an agreement. >> to remind you, in 2019, then speaker pelosi wanted the government to commit to spending more on social programs and defense, trump, president at the time, wanted to increase just the defense budget. that led to headlines much like today about the speaker of the house holding up progress on raising the debt ceiling in exchange for what the speaker wanted. a
. >> scott mcgrew, president biden negotiating with the new speaker of the house over the debt ceiling. >> that's right. good morning. so you can kind of say it's sort of the same as it ever was. the speaker making demands of the president, as the full faith and credit of the united states hangs in the balance. we had a similar situation a few years back with pelosi and trump, now it's mccarthy and biden. the good news is both sides say tuesday's talks went very well. >> we...