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Gavin Newsom: “We have more Fortune 500 companies than we've ever had in…”

Featuring: Gavin Newsom, Democratic | Governor of California

Gavin Newsom Urges Democrats to Be 'More Culturally Normal'

Published December 3, 2025 | Video Starts at 30:50

Well, I mean we're one from the sixth largest economy to the fourth largest economy, $4.1 trillion a year. We have more Fortune 500 companies than we've ever had in the last two decades. Went from 48 to now 49 now to 58 Fortune 500 companies. You brought up Sam Altman a moment ago. The largest market cap private company in world history. He decided just a few weeks ago where to headquarter in the state of California. (30:50–31:00)

CLAIM

Asserts that California has increased its number of Fortune 500 companies from 48 to 58 over two decades.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

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“We just came out with a new Strategy to provide $60 billion of utility rebates in the state of California through our Cap and Invest…”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 08:14-08:25
“Donald Trump set out BORTAC teams, border patrol, tactical units to Dodger Stadium to chill free expression, to chill election turnout.”
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“He federalized 4,000 National Guard and sent 700 active duty Marines, not overseas, but to the second largest city in America.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 13:33-13:43
“These were the first maps in US History to go on the ballot.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 15:47-15:52
“We have 18% of the world's R and D in my state.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 24:59-25:02
“We're also the dominant manufacturing hub in the United States of America. $405.6 billion. 13.9% of the US manufacturing.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 31:35-31:45
“70% of the EV market is coming out of China now.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 38:27-38:33
“They're 3X, the manufacturing of automobiles that we are in the United States of America, about 31/million vehicles to our 10.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 38:32-38:39
“We're finally on the offense. We're finally beginning to shape shift and we're finally beginning to fight.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 02:00-02:07
“Our party's now back on its toes. And it's a party now that has got more enthusiasm and it's a party that I think is more unified.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 02:34-02:43
“We have to be a party that understands the importance and power of the border substantively and politically.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 05:04-05:14
“I don't think it's healthy that we have 10% of people that own 2/3 of the wealth in this country.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 05:27-05:33
“We have an economy that is broken for too many people.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 05:44-05:48
“You can't isolate yourself from the 49 others. We're in a competitive environment.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 06:26-06:30
“We have one individual that represents one labor union in the state of California that has not collected one signature that is considering…”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 06:51-07:11
“I did it four years ago. $1.9 billion for 3.4 million students going into kindergarten, getting child savings accounts up to $1,500.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 09:00-09:11
“He's trying to wreck this country. Tried to do that on January 6, tried to light democracy on fire.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 11:18-11:23
“He dialed for votes down there, said, where's find me 11, 12,000 votes with the Secretary of State in Georgia.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 11:23-11:29
“He's trying to rig the midterm elections in 2026 before one vote is cast.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 11:33-11:39
“They did not expect us to go out and raise $118 million over a 90 day period and put our independent redistricting commission on a new…”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 11:50-12:08
“You will not have a free and fair election as we know them today in the United States of America if Speaker Jeffries is not sworn in a year…”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 12:18-12:29
“I was one of its champions for independent redistricting.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 15:15-15:19
“We maintained the independent redistricting commission.”
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“We have the new Trump signature series knee pads on my Patriot site, which is an actual real site.”
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“10% of Intel, 15% in AMD, 15% in Nvidia.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 19:57-20:02
“I live in a state with 32 of the top 50 market cap AI companies.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 24:42-24:47
“We dominate in robotics, we dominate in space, we dominate in all these future technologies, including R and D and nuclear, of course.”
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“Tesla move their world R and D headquarters in to Silicon Valley, HP Enterprises old headquarters.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 25:08-25:16
“We've added 10,000 jobs from Tesla since we, quote, unquote, moved the company.”
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“We went from the sixth largest economy to the fourth largest economy, $4.1 trillion a year.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 30:43-30:50
“The largest market cap private company in world history decided just a few weeks ago where to headquarter in the state of California.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 31:05-31:11
“Venture capital over $106 billion this year, 68% of that invested back into the state of California.”
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“We're the dominant ag state. $62.1 billion. Forestry, hunting jobs. Ag jobs.”
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“California saw a population increase last year of 108,000, 105,000 the prior year, 49,000 the prior year.”
Gavin Newsom Urges Democrats to Be 'More Culturally Normal' | Uploaded December 3, 2025 | 32:07-32:15
“We've never tackled our housing crisis more aggressively than we tackled it this last year.”
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“We've never tackled our homeless and mental health crisis more than we have in the last few years.”
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“0.45% increase. Less than 1% in unsheltered homelessness. 40 other states saw significantly higher increases in homeless.”
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“This is a different level than we've ever seen in the past.”
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“Ronald Reagan, whose approach was, in 1967, to advance an effort to regulate tailpipe emissions, created the California Air Resources Board.”
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“It was codified by the Clean Air Act in 1975 by Republican Richard Nixon.”
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“Mary [Barra] worked behind our back to work with Republicans in Congress and Trump to gut that leadership going back to Ronald Reagan.”
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“Big Oil and gas in the big beautiful bill that will put us further behind our number one competitor, China.”
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“Trump is so dominant situationally.”
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“He's going to rig that nomination.”
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“We got about 1,000 employees, 23 little businesses.”
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