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In three americans has a 401 k . Those savings plans are growing. Stock shop hired to date with the dow jones gaining 322 points to close above 26,000 for the first time. The nasdaq up 74. S p 500 gained 26. The economy is booming. Live coverage from she is in San Francisco tonight with the optimism about the economy and corporate earnings. Reporter certainly those numbers are a welcome sight for anyone who has a 401 k . We wanted to talk to an economist about what is behind those rising numbers and ask people how they are feeling. Reporter in San Francisco wednesday Aaron Anderson had a spring in his step. He bought a new pair of shoes in union square. With his new job he is optimistic about the economy. A growing Consumer Confidence in the u. S. Seems to be tak ....
Found himself in the middle of special interests. One side several members of the powerful commission who want him fired. He crashed with developers in banning county where were from and now they want to knock him out. Reporter environmentalists who see him as a strong coast protecter. An overflow crowd turned out to support him. He spoke in his own defense. The last few weeks have been stressful for me, the staff and im sure for the commission. But i wouldnt have chosen this path if i didnt believe that my leadership has been strong, focused and effective. I believe i am the right person to continue directing the existing on a path of forward. Reporter the Coastal Commission was formed 40 years ago to Police Coastal development and apply state law under the California Coastal act on some of the most valuable rea ....
The japan earthquake and rocked the santa cruz harbors with subjects causing 14 million in damage. We will be out here this morning and let you know if there is activity in the santa cruz hard before. Keep a chose cry on that. The bay area air Quality Management district warns smoke from the massive valley fire could drift into the bay area today. More than 70,000 acres have burned and the fire is 35 percent contained. We expect a new update in a couple of hours. Year, cadaver dogs searched Anderson Springs for a miss man, a 69yearold whose was war found in anderson spring. 900 are capped out at shelter at napa county fairgrounds with no estimated time when people are allowed home. Volunteering making a shelter feel pore like home with the details from melanie. Moose lodge is tent city everyone here having lost their home or had to leave it. I see it as a fresh start. M ....
Quartermile and petaluma up to 3, and Half Moon Bay at 880, clouds and stick sunshine today, mid60s to low 70s from the coast to inland by noon, so, comfortable. Warmer at mid60s to mid70s to low 80s from the coast inland as we round owe the day planner and enjoy a comfortable evening. A problem spot is the Altamont Pass with a motorcycle down at 4 30 this morning. It is still in the lanes. Traffic is jammed out of tracy. Things pick up from livermore to the dublin pleasanton interchange. We are looking at an hour and to minutes between tracy and dublin. Westbound 4 before 680, accident cleared. Up to the valley fire, we still have new opening and closures at 29 open kelseyville to highway 53 and we still have 128 between ida clayton which is open and surface streets are closed and at tubbs lane it is now the valley fire which has scorched 70,000 acres and is 35 percent contain ....
People are preparing for the historical moment to hear what he has to say in about a half hour. There are a lot of guesses so what he will say. People are excited to hear from him. Every member of congress was allowed to invite one guest so this is a special day for two people who are from the bay area. The first is an 89yearold homeless advocate who lives in morgan hill. And the other is the university of San Francisco chancellor. They were guests of representative zoe lofgren and House Minority leader nancy pelosi invited in to be able to witness up close this very incredible moment. So its certainly going to be a great story for both of them to tell after they can say, we heard pope francis as he made history on capitol hill. Big day for them and big day for everybody. Cbs news will have special coverage. In the meantime, weijia jang, live in washington, thank you. And here ....