the man behind it, victor stephenson.en making quite a name for himself. >> appreciate it. thank you. hope you love it. >> reporter: at this tiny storefront on valencia street. >> it's full of foot traffic so it's a good location for us. >> reporter: neighbors will tell you san francisco's mission district has seen a lot of changes. >> i call that vibrancy and culture as being wiped out. so when this opened up, i thought it was part of it. >> reporter: but stevenson has a different story to tell. an entrepreneur building his own american dream. >> this is where the magic happens. >> absolutely, yes, sir. >> reporter: stephenson starts his day here, a commercial kitchen he shares with another business owner halfway across town. >> it's nice and tiny but good enough for what we have to get done right now. >> reporter: between this and the storefront that's only 30 square feet, stephenson pays over $3,000 a month in rent. >> over here, you have my wife. she's labeling all of the bottles for us. >> this is a family business.

nosa stephenson got 22 years in prison.ed by his guns wouldn't talk to us on camera. after stephenson‘s imprisonment, one question remained — where had he got the guns from? the mystery took years to unravel. the lawyer who prosecuted the case is one of birmingham's leading criminal barristers — andrew fisher qc. the vital clue came from a single hand—made bullet. it led police to a physiotherapist in birmingham — dr mohinder surdhar. he was plainly very obsessed by guns. there were photographs he had taken of himself or had taken of himself holding all sorts of ferocious weapons. the police scoured surdhar‘s armoury but didn't find the evidence they were looking for. having searched surdhar's premises, they didn't find any of the bullets that were used in these modified rounds. having searched surdhar's premises, they didn't find any of the bullets that were used in these modified rounds. nor did they find any modified cartridge cases. so, there was nothing at surdhar's to match with that ammunition. so, where was it comin

. >> reporter: it's called gomanadn made from victor stephenson, making kwiept the name for himself.i appreciate it. thank you. hope you love it. >> reporter: at the tiny store front on valencia street. >> foot traffic, good location because people see it and are interested. >> reporter: neighbors say san francisco's mission district has seen a lot of changes. >> all that vibrancy and culture is being wiped out, and so when this opened up, to be honest, i thought it was a part of it. >> reporter: he has a different story to tell, an entrepreneur building his own american dream. >> this is where the magic happens? >> absolutely, yes, sir. >> reporter: stephenson starts the day in a cmercial kitchen shared with another business owner across town. >> it's tiny, but good enough for what we have to do right now. >> reporter: between this and the store front that's 30 square feet, he pays over $3,000 a month in remint. >> my wife is labeling the bottles for us. >> reporter: family business? >> yes, sir. this guy, he's the engine of it all keeping us going. >> reporter: stephenson's been up

stephenson is the investment director at fidelity investment management ltd.o you see a little bit of discomfort maybe even criticism for xi jinping in his handling of the trade discussion? with china link first? >> china is walking a bit of a tight rope. . it imports a lot less from the u.s. than it exports to the u.s.. you have to find a different weapon of choice if you like . that weapon is the currency. -- 7%, the 789% decline a percent, seven -- 9% decline, is acai years ago, it does not -- as we sawo far years ago, it does not want to go too far. that is what they are concerned about. anna: this shows the fall. you have the fall and the yuan -- in the yuan. receive active reserves -- we saw the active reserves. no evidence so far. you go back three years and the chinese burned through a trillion dollars in a couple of years supporting the currency. they are not doing it for the moment but the reserve figures will be interesting to see. you want a very managed control depreciation. whether they can do that is a new point. manus: what you want and what yo

andrew stephenson what a way to say hello. deep tocenter, gone.wo-run shot, his first career home run. tied at four. very next batter a monster home run to right. his solo shot gives the nashs the leave. zimmerman had a homer and a 7-4 lead in the >>> earlier today, matt adams back to the cardinals. he pent spoes ofis career homers, 48 uis, 18 rbis his lone season here. the nats received cash him.derations for the cubs sent a prospect and player to be named later inex change for daniel murphy. he'seen batting .324 in augu. iched things ended differently in d.c. >> very disappointed in myself that it kind of came to this point would be the easiest w escribe it. no ill will what soever. it's unfortunate a this was option i was surprised. sad. t that's baseball. it wasn't anything malicious in nature. >> all right. adrian peterson at practice wearing the number 26 jersey. he's looking to problem dbters wrong. at 33 years old. saying he's slowing down. the redins raved about his workout and say that's why they signed him not because of the influence o

we already knew that you and stephenson, the cfo was stepping down to move to hsbc.aming an interim cfo. she was deputy group cfo before this. the search for a successor for stephenson is underweight is what we are hearing from rbs. she will be named the interim cfo on the first of october. down from will step the board on september 30. we have seen some gains in asia, a little bit of a relief rally at the end of the week. those incremental moves about talks between the u.s. and china. ftse 100 futures flat, dax futures off by a 10th of a percent. anna: yesterday's session in the united states was pretty strong. msci asia-pacific catching up with that more positive abide the around china test positive -- positive vibe around china. it is the first time in eight sessions that we are positive on the emerging-market stocks. that is saying something considering where we started this week. we are very focused on turkey. we are flirting with the flatline on the dollar against the turkish lira. we have a little bit of a boost yesterday from some more of the conversation wit

looking at the top, 1956, democrats nominated at life stephenson losing in his rematch to dwight eisenhower and make some changes, 10%, 1968 is a bigger year for change. that was when we saw a famously contested nomination cycle, really ugly convention, very violent, a lot, one of their major candidates robert kennedy was assassinated that year and the party limped into the fall election and lost to richard nixon. due in part of the divisiveness they made a lot of changes to their rules after that year. that is where they started coming up for how many delegates, to open up the delegate selection process and created the primary caucus as we live under today so that is a very consequential year. after 2000, 2004, there were not many changes made to the rules, they copied and pasted what was done previously. 1988 is a big year for change. it doesn't come up in many studies of consequential changes. part of what happened is they made a lot of changes how the party reviews delegate selection rules. there was a lot of tinkering with the proper wording resulting in a few different words, not nece

at the service on saturday, his son jimmy will read a poem by robert lewis stephenson that mccain readhis own father's funeral. so really personal to him. >> it's perfect john mccain too. this is somebody whose life was marked by both the deepest reverence for duty, honor, country, tradition. but also someone who was deeply irreverent too. to start with "amazing grace," that traditional hymn that's a staple of so many funerals, but to end with frank sinatra's "my life" is quintessential. >> it sure is. jill, you are extremely pregnant. >> ten days away. >> you traveled here for this. but you also are wearing john mccain's bracelet, his p.o.w. bracelet. >> yeah, so i'm ten days pregnant, and when i went to my doctor to say i needed a hall pass to get on the plane, she told another doctor in her practice about where i was going. the doctor sent this bracelet to my home. it turns out that his mother-in-law was a nurse during the vietnam war and wore his bracelet all these years and that he had kept it. he asked me to wear it to the memorial service today. that just tells you what a huge i

stephenson leaves the board in september, as he has for a job as finance director for hsbc.esla executives have in trying for years to recruit a coo or another number two executive to assume some of elon musk's day-to-day responsibilities. the search has intensified in the wake of mosques recent tweets. they say the company approached facebook's sheryl sandberg, but quote to the best of my knowledge, there is no active search. that is your business flash. francine: thanks. the pboc has taken steps to support the yuan. this includes a stronger than expected fixing, regulatory measures, and reducing offshore yuan liquidity. bloomberg intelligence thinks the bank is likely to step up the fence should the yuan remain under pressure. so what is next for the yuan? still with us is a simon and miranda, and as if by magic, chinese yuan also extending their gain 17%. the level is at 6.8780. will they keep stepping up? simon: they will continue to defend the seventh for a while. talksst until the trade and. -- end. there are a couple of reasons why it makes sense. one is domestic mark

. >> reporter: the manned behind it, victor stephenson. where y'all from? >> minnesota. >> reporte >> wow. >> reporter: he's been making quite a name for himself on this tiny store front on have laeval street. neighbors will tell you san francisco's mission district has seen a lot of changes. >> they call it vibrancy and culture was being wiped out. so when this open up, i thought it was part of that. >> reporter: but stevenson has a much different story to tell, an entrepreneur building his very own american dream. >> we are in an undisclosed location. he starts his day in a commercial kitchen he shares with another business owner half-way across town. >> it is nice and tiny but good enough for what we get done right now. >> reporter: the store front's only 30 square feet, stevenson pays over $3,000 a month in rent. >> over here is my wife, labeling all of the bottles for us. you. >> this is a family business. >> super family business, yes, sir. this guy is the engine of it all, keeping us going. >> reporter: steven s enstevensp since 4:30 in the morning.

highway four at 880 southbound you can see traffic is slow approaching an earlier accident near stephensonelf extra time driving through fremont. let's go to rosemary in the weather center. >>> happy monday. we're looking at a warm up coming our way for the business week ahead. starting with today. temperatures outside similar to where we were yesterday. 52 degrees in san francisco and oakland low 50s. upper 50s livermore. san jose 66. santa rosa 50. temperatures a little cooler in some spots. half moon day -- half moon bay down by five. fog along the coastline. for the most part mostly clear start over the north bay, the inner east bay, and the south bay. generally light wind. and onshore breeze in fairfield at about 12 miles an hour. getting into the second part of the day the locale -- low clouds will peel back. partly cloudy skies for the coastline this afternoon. mostly sunny elsewhere. temperatures warming over what we had yesterday. 67 pacifica this afternoon. upper 60s in san francisco. low 80s for mountain view. mid-80s expected in redwood city . for the inland communities low to

a little slowing approaching stephenson where there was an accident . valley commutes to looks very good. >>> good morning to you. we do have a heat up coming our way. getting into the mid-90s. eventually 100 degrees. i will show you that the extended forecast that low pres is now retro grading and high pressure is strengthening over the bay area. the temperatures are going to be warming up. warming trend that lasts through about wednesday before temperatures drift back down once again. it is going to be a slow gradual one. here's a view of the cloud cover along the coastline the sun is rising about now. partly to mostly clear skies over areas of the bay and inland . getting into the afternoon some of the fog will burn away from the coastline but pacifica and half moon bay likely staying at least partly cloudy today. 55 in napa right now. 53 oakland. 66 to start the day in san jose. one of the warmer spots. inner east bay 61 in concorde. today will be warm. getting into the lunch hour into the low 80s. mid-90s expected by the second part of the day. tem

. >> so the democrats have always been since i was a kid back in the days of at laid stephenson, hubertrse, for the working family. trump comes on and steals your lunch. what happened? >> i think democrats have not talked about fighting for the little guy. >> too free trade? >> the party has been too free trade but the republicans have been more free trade. that's our problem to show where we are and fight for workers. but i don't think the voters necessarily think what we should be thinking. that is you fight for the little guy, whether she punches a color whether he works in a diner, whether he works in construction or manufacturing or in a nursing home. we don't as a party, we've got to show we're fighting for the little guy. we don't do that enough. what's the that ad is about the dignity of work, respecting all work no, matter what you earn, no matter where you work the dignity of work is what drives this country and gives people a decent standard of living. we've too often morgan that. >> i hear it from you and bobby macy the people from that part of the country. i grew up in penn

[applause] >> i think of brian stevens is work because -- stephenson's were having people their rights stripped away from them. i said to this -- they can complain to us. that is how we do our work and he laughed at me. he said you have to get down here. they have to see your face. i grabbed six of my staff members. we got into cabs and went down there. sudden, brian -- it hit mewords in the heart. we can talk about it, if we want to do something, we have to connect with our heart. then it makes it hard. it is really hard. the other things we have to stop doing is we have to stop with our white savior complex. we have to stop with i know what is best for these communities and we can go in. look, we have the answers here. we have to go in. because we know things like the first amendment, we want the government to treated as a neutral principle. what is good for one must be good for all. though it is a neutral principle, it may not be an equitable principle. as white people, we have to use our privilege to create spaces so that the voices of people can be heard within the realm of the fi

. >> scott stephenson. >> thank you >>> coming up, facebook taking down more than 600 accounts that areussia or iran this morning's developing story after the break and check out future at this hour. down about 40 points right now and coming off an all time high, we are seeing a little bit of red on the screen. we'll be back with more on your money as "squawk box" rolls on xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. >>> all right, let's take a look at stocks this morning revenue coming in forecasting and that stock is up by about 14%. exact science is sharing a m

let us talk to tom stephenson.lot of high street sta ple rates and rents for a lot of high street staple out there. let us stick with the retail theme for now. i want to talk to you about next. as soon monday said, it comes out with strong second quarter results and then we see the shares plummet. what do you make of it all? well, i think what happened there was that next announced the figures and they were good and they attributed that to the good and they attributed that to the good weather, we are buying summer clothes, and the market looked at that and said the best summer weather with have had for years and thatis weather with have had for years and that is the best you can do, so they weren‘t impressed, and the company made it worse by saying we think that buyers shoppers are bringing forward their purchases from later in the year, so what that means is that the growth will evaporate, down the track. so, as you say, this is a general story of malaise on the high street, even next, one of the strongest players