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First Take: Whitman’s millions. Gavin jumps in.

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Meg Whitman released her 19-page financial statement Thursday, complete with 101 investments worth $1 million or more. Among them are ownership stakes in oil, gas and healthcare companies that could cause a conflict if she is elected governor.

Whitman had another bad press day Thursday, when Democrats and members of Steve Poizner’s campaign crashed a staged town-hall meeting that was meant to become a 30-minute campaign ad.

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Gavin Newsom will jump into the lieutenant governor’s race Friday. But Cathleen Decker writes that it may make for an awkward reunion with former rival Jerry Brown.

This week’s Capital Notes Podcast looks at the week that was in state budget news and gubernatorial politics.

Republicans will descend on Silicon Valley today as they begin their three-day confab in Santa Clara. PolitiCal will be there throughout the weekend providing updates. To get the latest political news as it happens, be sure to follow us on Twitter.

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