In this video, Econ Recaps discusses California's new electric vehicle initiative, Meta's new robots, and highlights the biggest events of the week. The S&P 500 closed positively and all 11 sectors had gains. Tesla had a strong performance due to expectations of exceeding delivery and production estimates. Facebook's stock increased after Meta AI released a video of their robots completing tasks. Deposit data showed Americans withdrew $125.7 billion, and PCE price index data indicated a 5% YoY increase in prices. The Michigan consumer sentiment report showed decreased confidence, likely due to the financial sector's recent turmoil. The top five events of the week were discussed, including the acquisition of Silicon Valley Bank, Disney's layoffs, and Alibaba's split into six different business segments. Lastly, news broke about charges against Donald Trump. Tune in on Sunday for the weekly outlook.