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SAN DIEGO (KGTV): A new study from the San Diego Military Advisory Council says the military industry in the area is the top economic driver.The SDMAC's "Military Economic Impact Study" says the armed forces spent billion in San Diego in 2018. That includes compensation for military employees (43%), procurement and other spending like defense contracts (38%) and retirement and veterans' benefits (19%).Additionally, the ripple effect of all that money creates billion worth of San Diego's Gross Regional Product. That's 22% and accounts for more than tourism or tech industries.The military also helps support 340,000 jobs in the county. That's 22% of the jobs across San Diego. It includes members of the Navy, Marines, Coast Guard, Reserves and civilians employed by the DOD, DHS or VA. It's the largest concentration of military employees anywhere in the world.There are also over 241,000 retirees or military veterans in the area, according to the study.Meanwhile, the study says the military's impact should grow in the future. It anticipated 4% growth next year.It could be more in the coming few years. President Trump recently announced a pay raise for military enlistees. He also signed a 7 billion defense budget for 2019, the largest ever. The Navy plans to homeport 20 more ships and approximately 15,000 more sailors to San Diego by 2025. And the Army has listed San Diego as a possible location for it's new "Future Command" post researching emerging technology.But the military faces some challenges in the coming years as well. Housing is a big issue, especially if the Navy wants to expand in San Diego. There are also concerns about the high cost of living in the area. And SDMAC says they're looking for ways to help military spouses find jobs. One of the biggest roadblocks they see is that California doesn't recognize many out-of-state certificates for jobs like teachers, nurses and real estate agents.The full report comes out at 10:30 am on Thursday. 2007

SAN DIEGO (KGTV):SAN DIEGO (KGTV): Ten budding businesses will have a chance for a big boost when they compete for up to ,000 in cash during Thursday night's Quick Pitch Competition.The event, similar to the TV show "Shark Tank," gives each business-owner two minutes to wow the judges.The ten companies range from tech start-ups to medical research companies (For more information on the 10 finalists, click here). They were chosen from around 280 that applied."It's more art than science," says Mike Krenn, the CEO of San Diego Venture Group. They're one of the sponsors of the event. "There were so many companies. We fought long and hard over who were the final 10. But they've all got some momentum going to market, all chasing big opportunities."One company, DoWhop, is an online marketplace to buy and sell experiences around San Diego. It's founder, Rae Lietzau, says winning this competition would mean expanding her workforce and bandwidth on the site."At this stage, every dollar counts," says Lietzau. "Right now it means allowing more people to get paid to do what they love to do."In addition to SD Venture Group, the event is put on by Tech Coast Angels and the John G. Howard Foundation. All three groups work to improve business in the region. Krenn says this year's competition shows how San Diego has become a hub for start-ups."We're really on the upswing," says Krenn. "It's exciting to see a lot of people imported from silicon valley. Everything's trending in the right direction."Krenn also noted that the winning team from 2 years ago went on to raise around million in capital after the competition.Even companies that don't win cash at Quick Pitch usually get a boost from the exposure. The audience is full of venture capitalists and other potential investors."It gives them the ability to get on their radar earlier so when they come back for funding, people are already familiar with them as well as their milestones," says Victoria Laker, the Pitch Chair for Tech Coast Angels.The event starts at 5 pm at Qualcomm Hall. It's sold out for the first time. 2114

SAN FRANCISCO (AP) — A judge ordered California's attorney general to release police misconduct records predating Jan. 1, when new transparency legislation took effect.San Francisco Superior Court Judge Richard B. Ulmer, Jr. on Friday also rejected arguments by Attorney General Xavier Becerra that his office should not have to release records of local law enforcement.The legislation was designed to guarantee public access to disciplinary records involving investigations into officer shootings, use-of-force incidents and incidents involving officer misconduct.The tentative ruling was a win for the First Amendment Coalition and National Public Radio member KQED-FM, which sued Becerra's office for records under the legislation."Judge Ulmer's order sends the clear message that the Attorney General is not above California law," said David Snyder, the coalition's executive director.In response, Becerra's office said Friday it would release records from before 2019 but only those regarding Department of Justice officers. The office said in a statement that requiring the office to release records involving other departments "would result in duplication of efforts."The judge ordered the attorney general's office to meet with the coalition and KQED to work out the logistics of releasing records.Ulmer said the 1st District Court of Appeal had already decided that the law is retroactive. He also dismissed the argument that making the attorney general provide records of local law enforcement would be burdensome.Ulmer said lawmakers could not have been oblivious to the potential cost of carrying out the legislation, and "the people will likely be agnostic as to which tax-funded agency foots the bill." 1724

SAN DIEGO (KGTV): Wall Street set a record last week for the longest "Bull" run in US Stock Market history, topping 3,400 days of growth. Now, financial experts are saying it won't last forever and advising clients to prepare for a downturn."You have to expect at some point, we're due," says Dennis Brewster of SagePoint Financial. "I think everybody's almost forgotten, look at earlier in the year, how sharp the markets broke back in February. So it wouldn't be unusual to see any of those declines coming up later this year or early next year."Brewster says he doesn't expect anything as drastic as 2008, but he still says investors should take a few steps to safeguard their earnings and even make the downturn work in your favor.A lot of it, he says, depends on how close you are to retirement."When you look at the year to year returns, they're all over the board. When you look at the 20-30 year returns they're very close," says Brewster. "If you're younger and have 20-30 year horizons, the day to day gyrations are almost noise to you. But if you're getting closer to retirement or in retirement, then you have to be more careful."'Brewster looked up numbers from the S&P 500 for the last 20 years. He says someone who invested ,000 in 1998 would have lost about ,300 after the crash in 2008. But if they kept their money in until 2018, that same ,000 investment would now be worth more than ,000.He says older investors should be more conservative with their portfolios. Younger investors should increase how much they invest if the market falls, to take advantage of lower prices.As for when the correction could come, Brewster says it's too tough to predict. But he says to watch out for "triggering" events that could rattle the market, some of which may already be happening. Things like trade wars or the Federal Reserve spiking interest rates could be the kind of thing to end the Bull Run."It always goes higher than you think and lower than you think," he says. "You can't ignore it, and you try not to get swallowed by it." 2072

SAN DIEGO (KGTV)— Thanksgiving is just four days away, and preparations are already underway for the 17th Annual Father Joe’s Villages Thanksgiving 5K Run.Proceeds from the race and festivities go toward the one million meals the organization serves to those who need it every year. One of the biggest draws of the event is the pie made by the organization’s Culinary Arts program students. The students are making 300 pumpkin pies, 200 apple pies, and 100 blueberry pies ahead of the race, possibly more if they get additional pre-orders. The pies are served the day before Thanksgiving at the shelter downtown. The pies are also sold at Balboa Park on race day."These are individuals who come to us and were homeless and now we're trying to get them up on their feet,” Deacon Joe Vargas, President of Father Joe’s Villages, said.The students were once homeless but decided that cooking would help get them out of poverty. They are part of a 14-week intensive program, where 92% of graduates get jobs in the field.10News met Dorothea Sontag, a disabled Air Force Veteran, who was once a volunteer at Father Joe’s. When times got tough, she sought help from them."After my husband died, I hit hard times,” Sontag said. She lived out of her van until Father Joe’s took her in. Now at 62 years old, the former nurse's aid has a new aspiration. "I have a brother who's chef in Connecticut, so maybe it's in our blood,” Sontag laughed. Her instructor Theresa Fields said she is proud of Sontag for always pursuing perfection in the dishes she prepares. "They get a sense of pride that you can see on their face. They just glow,” Fields said. "I see too many people who are disabled and they let their disability rule them. I rule my disability. I make sure I can keep doing things,” Sontag said. Pies cost if you pre-order them HERE by 11:59 pm on November 18, 2018. At the race, they are .This year, Father Joe's is selling pumpkin-flavored dog treats for . 2031