News Wrap: Protests in Peru demand ouster of president and call for new elections

Geoff Bennett:

The bishops are proposing that the church allow services for same-sex couples that include blessings after they have had a civil wedding.

The wave of job cuts sweeping the tech industry have now hit Google. The company said today it's laying off 12,000 workers, 6 percent of its total work force, as the pandemic era boom fades. So far this month, tech firms, to include Microsoft, Amazon and others, have cut nearly 50,000 jobs.

New numbers also give fresh evidence of a slump in the U.S. housing industry. The National Association of Realtors reports sales of existing homes dropped nearly 18 percent last year from a year earlier. That made 2022 the slowest year for the U.S. housing market in nearly a decade. The slowdown came as mortgage interest rates more than doubled during the year.

Elon Musk began testifying in San Francisco today in a federal class action suit over tweets about Tesla. The billionaire claimed in 2018 that he had the financing to take his electric auto company private, but the deal never happened. Investors say they suffered losses because Musk deceived them about the funding.

On the stand, Musk defended his tweets, but acknowledged they cannot provide full information by their very nature.

And on Wall Street, stocks ended the week with a rally led by tech shares. The Dow Jones industrial average gained 331 points, or 1 percent, to close it 33375. The Nasdaq jumped 288 points, nearly 2.7 percent, and the S&P 500 was up almost 2 percent.

And still to come on the "NewsHour": COVID casts a shadow over the Chinese new year, as billions of people travel to celebrate with family; cities look to free public busing to counteract inequity; and David Brooks and Jonathan Capehart weigh in on the latest political headlines.

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