#Breaking: California Governor Gavin Newsom says President Trump ordered the DOJ to investigate him and his wife.

#Update: Price changes in one year: Gasoline: +41% Airline fare: +27% Energy: +24% Tobacco: +8% Fruits and vegetables: +6% Car repair: +6% Clothing: +5% Used cars: -2% #inflation Source: US Bureau of Labor Statistics

Good morning from Apple HQ. #WWDC  soon to get underway. Expecting a big send off for Tim Cook as CEO. Keep it here for updates. #$AAPL

#Update: SF couple (with small child) got a notice on their door, telling them rent at their two-bedroom unit in the Richmond District would be going up from about $3,000 to $7,000 a month in September. An SF supervisor reached out to an attorney, who says he’s now helping.

New: Meta says it will begin to offer subscriptions: $3.99/month for Instagram Plus $3.99/mo for Facebook Plus $2.99/mo for WhatsApp Plus ...for access to "features like profile customization, super reactions, and story insights." #$META

After the San Diego shooting, Bay Area Christians and Jews are outside Mosques with signs of support.

Look up! Jupiter (upper left) and Venus (lower right) are hanging around the crescent moon for “conjunction.” Visible to the naked eye this week.

The median home price in California just hit an all time high: $914,810. -Ca Assn of Realtors

#New: Cerebras prices IPO at $185, above its expected range. Based in Silicon Valley, the AI company will lead what is expected to be a number of big AI-related stock offerings. Look out, Bay Area housing market.

#Update: Rents rising in the Bay Area (avg 1BR): San Francisco: $3,850* Mtn View: $3,500 Palo Alto: $3,390 Sunnyvale: $3,130 Santa Clara: $3,080 San Mateo: $2,830 San Jose: $2,550 Fremont: $2,500 Berkeley: $2,300 Oakland: $2,000 *Up 20% in one year. Source: Zumper

Today, outside the Musk v OpenAI trial…

#Breaking: Elon Musk has taken the stand and has been sworn in. Keep it here for updates.

#NEW: The 9 person jury has been chosen for the Musk v OpenAI trial. Opening arguments start tomorrow morning.

#New: The Elon Musk vs OpenAI trial is underway in Oakland. Jury selection is starting this morning. Potential jurors are being questioned. Some from the tech industry, some not.

#New: Highest new mortgage payments (yes, the top 5 are in California): San Jose: $4,016 San Francisco: $3,850 Oxnard: $3,401 Los Angeles: $3,366 San Diego: $3,225 Seattle: $2,976 Boston: $2,784 Stockton: $2,654 New York: $2,615 Source: LendingTree

#New: Philz Coffee reversal: Company says it will keep the Pride flags up in cafes, apologizes “to the LGBTQIA+ community that has been with us since the very beginning.”

#New: San Francisco Bay Area has reclaimed the title as most expensive metro area in the US. Median home price: $1.7 million. SF home prices rose 14.4% over the last year. US home prices rose 1.2% over the last year. Redfin says AI money is the spark.

It's the annual Ask a Manager salary survey! Every year, vastly fewer men fill this out than women. Men, please share your salary info (anonymously) so we have concrete salary comparisons to inform pay negotiations and fight the pay gap

#New: Bay Area rents (median 1BR): San Francisco: $3,790* Palo Alto: $3,610** Mtn View: $3,380 Sunnyvale: $3,130 Santa Clara: $3,040 Redwood City: $2,930 San Jose: $2,660 Berkeley: $2,270 Oakland: $2,000 *Up 18.5% in one year **Up 14.6% in one year Source: Zumper

#Update: Elizabeth Holmes has had a year of her sentence removed. US District Judge Edward Davila just took 12 months off of her original sentence of 11 years and three months. The reduction is from a 2023 amendment affecting certain offenders with no prior criminal history.

#Breaking: Verdict in the Elon Musk Twitter case: -Jury rules that Musk defrauded (intentionally misled) Twitter investors by disparaging the company in 2022, trying to buy it for less than his original $44 billion bid. Damages to be determined.

Alysa Liu Kehlani Ryan Coogler Delroy Lindo Zendaya Raphael Saadiq Oakland is killing it this month. (Sinners playing now at the Grand Lake Theater).

Once again, gas can be found in Silicon Valley for more per gallon than the federal hourly minimum wage.

Watch: Elon Musk sends A DECOY TESLA AND GUARDS to try and fool the press as he enters the SF courtroom today for the Twitter buyout trial. (Keep going .. we found him).

#New: Bay Area rent (median 1BR): San Francisco: $3,630* Palo Alto: $3,450** Mtn View: $3,220 Sunnyvale: $3,030 Santa Clara: $2,870 Redwood City: $2,760 San Jose: $2,510 Berkeley: $2,200 Oakland: $1,980 *up 15.6% in one year **up 16.2% in one year Source: Zumper

#New: In Silicon Valley: Average tech wages reached $189,000 in 2025. Richest 10% hold 75% of liquid wealth; bottom half holds less than 1%. More than one-quarter of households cannot meet basic needs. Median home costs $2 million. -Joint Venture Silicon Valley

#Breaking: FedEx is suing the U.S. seeking full refund of the Trump tariffs. Is this the first domino to fall?

#New: 30-year fixed mortgage is now at 5.99%.

#Breaking: Dow futures down 260, Bitcoin down $4,000 on new Trump tariffs. #$BTC

#New: Rent burden: In the San Francisco Bay Area, half of renter households spend at least 30% of their income on rent, and one quarter spend more than half. That’s the highest number in the nation. Source: ApartmentList

The times we live in: The Judge in the social media addition trial just threatened to hold anyone recording the Mark Zuckerberg testimony with AI glasses in contempt of court.

The typical American homebuyer payed 4% less than the asking price last year. But .. In San Francisco, the average price payed was 4% ABOVE asking price. In San Jose, 2.3% above asking price. In Oakland, 1.3% above asking price. Source: Redfin

#New: A minimum annual income of $213,200 is needed in California to afford the $5,330 monthly payment. In San Mateo County, the minimum income is $507,600. (Avg monthly payment: $12,690) In Santa Clara County, $470,800. In San Francisco County, $441,200. Source: Cal Assn of Realtors

Billboards in San Francisco promoting ICE during Super Bowl week: “Defensive Player Of The Year.”

#New: Rent in the Bay Area (median 1BR): San Francisco: $3,670 Palo Alto: $3,250 Mtn View: $3,220 Redwood City: $2,940 Sunnyvale: $2,930 Santa Clara: $2,920 San Jose: $2,620 Fremont: $2,390 Berkeley: $2,170 Oakland: $1,980 Source: Zumper

#New: Neil Young says he'll give residents of Greenland free access to his music catalog. From Young: “I hope my music and music films will ease some of the unwarranted stress and threats you are experiencing from our unpopular and hopefully temporary government."

Gold and silver prices are both now at record highs. Gold just topped $5,000/oz for the first time.

#New: Least affordable cities (home affordability) in the world: 1. San Jose 2. Los Angeles 3. Long Beach 4. San Diego 5. Vancouver 6. Paris 7. Porto (Portugal) 8. New York 9. Miami 10. San Francisco -Remitly

#New: Elizabeth Holmes has formally asked President Trump to release her from prison early. Her release is currently set for December 2031.

Actually, Somalia is a country.

#New: California Attorney General Rob Bonta says he is opening an investigation into the proliferation of nonconsensual sexually explicit material produced using Grok, the AI model developed by xAI.

I interviewed Scott Adams several times; first about Dilbert and Silicon Valley, then about his books on life. By the time of his move to controversial views, he was mostly declining interviews, saying he’d get his views out via his podcast.

#New: What it costs to rent the median 1 BR apartment in: San Francisco: $3,500* Mountain View: $3,190 Redwood City: $3,090 Palo Alto: $3,070 Sunnyvale: $2,960 Santa Clara: $2,900 San Mateo: $2,810 San Jose: $2,690 Oakland: $1,950 *Up 15% in one year -Zumper

Annual income needed to buy a median priced home in: San Mateo County: $524,000 Santa Clara County: $482,400 San Francisco County: $409,600 Source: CA Assn of Realtors

#New: Zillow looked at 364 US cities, and found 350 of them where houses, on average, sell below the asking price. But .. Not so for Silicon Valley. -San Francisco: 16% above asking price, on average. -San Jose: 11.4% above asking price.

#New: How long it takes to save for a typical down payment on a home in: San Francisco: 36.5 years San Jose: 36.2 years Los Angeles: 34 years San Diego: 30 years New York: 23.4 years Seattle: 22.6 years Source: realtor.com

#New: Waymo again pauses its driverless taxi service in San Francisco, this time citing flash flood warnings.

#Update: Waymo: “We have temporarily suspended our ride-hailing services in the San Francisco Bay Area due to the widespread power outage.”

#New: 34% of renters say they do not believe the American Dream includes owning a home - a new high. Source: Zumper