Gavin Newsom

You saw just what Elon just said he's going to do to convert his factory with S and X. It's now gonna be the new robotics and fusion and nuclear, advanced nuclear, obviously in quantum.

We all know about AI, there's no peers.

You saw last year, venture capital, highest it's ever been, $106 billion, $68 billion last year, $106 this year, interesting, close to 70% of those dollars invested back in to the state of California, UCLA.

Every year they put out a report going back since Ronald Reagan, noting that the unique nature of our economy

across a spectrum of reasons and issues, we tend to have a 0.9 to 1.2% higher unemployment rate consistently, going back to when Reagan was governor of California than the rest of the nation.

Today, it's 1.1% higher.

You are correct about that.

It's a stubborn reality, and we can get into that.

And the reason I point out those reports is they tend to do it in a remarkable and sophisticated way that goes through the struggle of all of us to reconcile that.

But difference now, we have our first economic and workforce development plan in our state's history.

around regions rising together.

It's 13 economic and workforce development plans, something I'm very proud of.

We spent three years working on.

In fact, we'll be announcing the latest plan.

DeeDee's here as part of this in Orange County next week.

And we continue to try to reconcile the realities in our diverse communities, rural, not just urban communities, the lived reality of people that don't live in the aggregate.

Well, that's why we created a brand new grade preschool for all, saving people $18,000.

That's why we did the biggest expansion of any state in the United States' history on child care subsidies.

That's why we created a new product, not Trump Rx, should have called it Newsom Rx, again, you would have paid attention.

It's called Cal Rx and $11 insulin, not to subsidize cost, a lower cost.