Daily Business Report: September 4, 2026
Gov. Newsom’s Gifted Sacramento Estate Now FOR SALE for $7.5 Million
By Katy Grimes | California Globe
Governor Gavin Newsom and the First Partner are selling the Sacramento home… the home they did not buy.
In 2018-2019, an LLC registered to Newsom’s cousin, biz partner, and Co-President of PlumpJack, Jeremy Scherer, paid $3.7 million cash for a Fair Oaks estate, December 2018. In Oct 2019 the LLC “gifted” the home to the Newsoms free and clear, claiming Newsom was a member of the LLC to avoid a $4,000 Transfer Tax.
In January 2020 the Newsoms received $2.7 million tax-free when they obtained a cash-out refinance, Jen Van Laar reported at Redstate.
San Diego International Airport Adds Seasonal Nonstop Service to Loreto, Mexico
by Alaska Airlines
Alaska Airlines has announced it will launch new seasonal nonstop service between San Diego International Airport (SAN) and Loreto International Airport (LTO) in Mexico, marking the airline’s 50th nonstop destination from SAN.
The new service will operate twice weekly on Wednesdays and Saturdays from December 19, 2026, through April 28, 2027.
“Alaska’s new service to Loreto will give San Diego travelers another convenient option for international travel and further expand our connections to Mexico,” said Atif Saeed, President and CEO of the San Diego County Regional Airport Authority. “Expanding international service supports our goal of providing travelers with convenient access to destinations around the world.”
Loreto will be the third destination in Mexico served nonstop from SAN and the airport’s 12th international destination. SAN will be the fourth U.S. airport with nonstop international service to Loreto.
Tickets are available now on alaskaair.com. For more information about San Diego International Airport, please visit san.org.
ENERGY IN THE AGE OF AI AND WAR
by UCLA Anderson Forecast
The Fall 2026 UCLA Anderson Forecast Economic Outlook, held in collaboration with the UCLA Center for Impact, will analyze the economic outlook amid immense pressure on global energy prices. The economy faces a dual energy challenge: a severe global oil shock triggered by the war in Iran is driving up immediate fuel costs, while the rapid expansion of AI datacenters is straining the domestic electricity grid. Together, these forces are creating a complex inflationary landscape that complicates the Federal Reserve’s next moves and tests the resilience of the U.S. economic transition.
The California session will focus on how the state is navigating these compounding energy struggles. Due to its unique low-emission fuel standards and logistics hub status, California is vulnerable to the high fuel costs stemming from the Middle East conflict. At the same time, as a global hub for AI innovation, the state must find ways to meet the surging power demands of digital infrastructure without compromising its strict climate targets. Our experts will examine whether California’s bifurcated economy can overcome these combined energy pressures, or if stagnant employment and high living costs will persist into 2027.
