knapp. divorced father. bit of an odd duck, some people said. but easy to get along with. at least, that's what carol told her friends. the man didn't cause any trouble. >> jim knapp was just sort of this free-spirited surfer dude from hawaii who-- hang ten. >> but she took him in as a border? >> it was my understanding that he was, had been diagnosed with cancer. and i think they sort of co-supported each other through a lot of the painful times that they were both experiencing. >> reporter: once inside her house, carol put together a salad for dinner, answered a few e-mails. settled in for an evening alone. she picked up the phone and called her mother ruth who lived way off in nashville, tennessee. >> she was an amazing daughter who still called her mom every day. >> reporter: ruth was 83. the call, a nightly ritual. and then at 8 pm, the oddest thing. the line went dead. but not before ruth heard something rather terrifying. ruth tried to call back. nothing. and there she was, so far awa

still with me as barry knapp of ironsides partners.oned that energy stocks is still good for a trade. how long do you play that? barry: that is the idea. the thesis was, first of all, what we think happened last week with a massive shift in equity market factors and sectors was really driven by the reversal in rates, which itself was not a function of improvement in the u.s. growth outlook, we think it is sort of soften back toll the trend of 2.3 quarter percent -- 2.75%. the growth has shifted and is an important driver of this change in rates and change in sectors are the energy sector in particular has been really sensitive to trade policy expectations. the that, i think some of narrative that is developing is that president trump really has only one path to reelection, which is a fairly strong economy, at least as strong as it is now, if not, trying to get some take back up on there. fixated on capital spending in his trade war. any of an interim deal with china. i doubt it will be a comprehensive deal, but an interim deal that inc

trump had harsh words for the knapp last night at a rally in new mexico. >> i call for the resignation for everybody involved at "the new york times" in the smear. >> democratic presidential candidates called for his impeachment. democratic senator chris coons said he was aware of the latest allegations against kavanaugh during his confirmation hearings last year and he said he wrote the fbi asking it to investigate. others said they would not support impeaching kavanaugh. >>> the white house is telling two former aides of the white house not to appear at the house judiciary hearing. they're considering impeaching mr. trump as part of its report. it was written that the justice department advised and mr. trump directed the two aides to defy subpoenas because of constitutional immunity. lawyers for both men said they would follow mr. trump's orders. former trump campaign manager corey lewandowski is expected to attend the hearing. >>> investigators will be on the scene in maine today after a powerful propane explosion leveled a newly constructed building. it happened yesterday after fir

in leicester one of the inspirations to the exhibition isjohn knapp.rjoe are capturing leicester‘s answer to carna by street. this used to be the il rondo nightclub. the exhibition at the new walk museum is organised by the pair. and it‘s personal. my father was a mod — he was known as one of faces around town. he was quite a superstylish guy. a lot of the stories you read about mods, it's usually focused on london and the south coast and no one is really concentrating on the inner cities, so i wanted to make sure it's all recorded before it's too late. as well as collecting stories, the project is about connecting with the next generation. here at soft touch arts young people are getting to grips with the fashion, music and culture. making their own garments, all of which will be on display. you know the raf symbol, i‘ve based the dress on that. learning about it now you can apply that same mentality to what is applied now, it is the same mentality but it manifests itself in different forms of being. there is a was going to be a rebellious nature to h

knapp in san jose warming up into the mid 80's and as we take a look ahead at the extended 10 at 10 forecast that cooling trend is going to continue even through next weekend we're we're actually going to be below average so it's going to look and feel a lot more like fall. >>and then gradually rebounding 10 days from now to near average highs chair back to you. >>well thank you so much will this week the trump administration announced that it will devote nearly million to help and youth homelessness this year's funding is nearly double last year's bree jackson reports. >>if you are a vulnerable and often unseen population living on the streets living in abandoned steve burke with the national alliance to end homelessness says fixing the problem requires more attention and resources. housing and urban development secretary ben carson says he recognizes the growing concern and once to provide security for young people living without a permanent time his agency recently gave $75 million in grants to help end youth homelessness nationwide. >>it will provide them with shelter. also with a counse

. >> for more, let's bring in barry knapp who joins us now, managing partner, before we get to thosecular comments, the last two or three weeks takeaway on u.s.-china headlines has been generally improving sentiment, has it? >> improving sentiment >> not on friday, but -- >> improving sentiment with respect to getting a deal. also, a series of macro economic numbers from china that should be clearly increasing their incentive to want to do a deal if you simply walk through their august data, urban fixed asset investment, for example, is increasing better than 7%, but private sector investment less than 5 the whole was supposed to get money to enterprises their industrial production. steel is piling up in the quarter again. mobile phone production is falling at a 6% annualized rate. their profits numbers are negative, but sales are positive so they clearly have massive margin pressure as a consequence of all of this so, you know, they -- >> but it doesn't change the general bargain that we all know, which is that they can survive for another 12 months, quite comfortably, if necessary.

thousands of curious earthlings you might call them to gather to quote see them aliens reporter george knappm a base can then heiko. >>they claim to be from france but we're not party animals from multiple planets along with throngs of e t curious earthlings interacting with cutting edge tin foil haberdashers ever get really good. have been drawn to 2 towns on the edge of the world's best known secret base. in part because of media stories and whispered scuttlebutt about what might be hiding out there. aviation journalist jim goodall says been there done that about 82 it was over last 35 years goodall was part of a small group of desert detectives known as the interceptors who would trade tidbits of information about classified technology in planes. he's written several acclaimed books about secret aerospace attack he spent countless days and nights working outside of both area, 51 and its sister facility area 52 near tone, a paw in the mid 80's. he helped launch the speculation about captured alien technology. thanks to tips received from aerospace insiders about things in the desert that c

let's bring in barry knapp good afternoon to you. thank you for joining us what do you make of the pmi data this morning does that change how bearish you are in terms of the outlook? >> no. confirmation of what we expected really, where the fallout from the trade policy is really manifested itself. if you consider the headline falling below the line of 50 orders falling to 47-ish, employment falling to that level and export orders down around 43, this is a really just realization of the big mix shift in growth that's taking place over a year. the thing that most economists and the fed got completely wrong in 2018 was that the tax cuts and jobs act did create a supply side shock consumption barely budged from the last four-year trend rate of around 2.75% investment led by almost 6%. structures bounced for the first time after a 30-year down trend and really good news a surge in productivity. noninflationary wage growth. all these things were really -- it was an excellent mix of growth it's completely reversed, particularly in the seco

secretary knapp. >> secretary napolitano. >> i think the greatest service this committee could give is to provide a strategic oversight of the entire homeland security enterprise. what are the greatest risks facing the country? how are they best mitigated? what resources are necessary to make sure that we are as safe as we can be albeit we will never be risk-free and we live in an open society. but i think if this committee can occupy that overall kind of board of directors role, it would serve the department we well. >> secretary chertoff. >> well, mr. chairman, i'd be delighted to accept your invitation to continue to work with the committee on these issues. you know, it means a lot to have this hearing here because i vividly remember in the days, hours and days and weeks after 9/11 how the country came together, and we recognized that this wasn't an attack on people of one party, one religion or one national origin, but on all americans and i remember being with congress a few days afterwards in the house chamber, both the senate ap the house present, republicans and democrats all u

. >>> joining us to talk more about all of this is barry knapp.ctor of research at ironside's macro economics. and christian imani and richard fisher he's a cnbc contributor. gentleman, welcome to all of you. richard did a great job of just setting this up. what the negative impact would be or what the positive of lower interest rates other places has been for us, and that's the corporate bond market and the u.s. equities market barry, if the fed did what president trump is pushing for and pushed interest rates down to zero or below, would that mean that our stock market would either correct, collapse, collapse, what do you think would happen >> oh, no i don't think it would cause the stock market to collapse necessarily it's pretty clear that our bond market's a major beneficiary of the diminishing supply of safe assets globally, right so this is far more true this cycle than it was even prior cycle. it was probably the best paper that was presented at jackson hole this year was from a guy named christian murphy about the supply of safe assets. s

joining us now is harry knappe, senior economics reporter mike santoli and steve liesman. look in the kitchen, turnoff the lights, mice come out, turn on the lights they go away, everything is fine it's super boring. it was 2%, it is 2%. it's running 2% q3 going on all around the 2% is the trade data which is boosting the inventories which will be run off in the inventories you've got boeing, accumulating planes which is having a long-term impact i had a long talk with mike england about the impact of boeing which makes the 737-maxes but doesn't sell them. that boosts inventories. you come up with all that drama on the outside with 2% and i watch the data come in every month, every week, every day, and they go into a rapid update and it comes out 2% the consumer 4.7 we had this little slow down it's important to talk about in business investment. it was up 4.4, now down 1% the big change there is going to be in structures, down 11% they're not building buildings i guess is the deal. government purchases are reall helping. and the consumer so bottom line, the government --