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Housing and rates are worrying some economists that a recession is looming."One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable."Home sales?have declined in four of the past five months as housing prices have grown -- but paychecks have remained stagnant. Many people can't afford to buy homes, and those who can are taking on a lot of debt to get into them.Piegza says that echoes what happened right before the Great Recession in 2008."We're not there yet, but this is what led us to the housing crash," she said.How could this happen again? Piegza believes that a decade of rock-bottom interest rates helped people forget about the dangers of borrowing too much."I don't know if we learned our lesson from the Great Recession," she said. "We are going back to a lot of the easy lending that we used to see."Although Piegza said a recession isn't necessarily imminent -- especially after quarterly growth just came in at the fastest pace in almost four years -- there are signs of waning momentum in the economy.Interest rates, for example, are starting to become a bad omen.The Federal Reserve, which finished up its two-day meeting Wednesday, is expected to raise its target rate two more times this year. Higher rates have boosted short-term US Treasury bond rates. But the longer-term bond rates haven't risen along with the shorter-term rates, because investors are growing wary about the economy over the long haul.With two more interest rate hikes planned, the Fed could boost short-term rates higher than long-term ones, inverting the so-called yield curve. An inverted yield curve has preceded every recession in modern history."We could easily be there by the end of the year," Piegza said. "I think we'll see pressure on the longer end by the end of the year, but the Fed will still be raising rates on the short end."Fed Chairman Jerome Powell has said that he is not concerned about an inverted yield curve. Piegza strongly disagrees."It is a predictive measure of a recession," she said. 2266

In an op-ed in USA Today, White House staffer and Assistant to the President Peter Navarro denounced Dr. Anthony Fauci — the Director of the National Institute of Allergies and Infectious Diseases — as being "wrong about everything I have interacted with him on" when it comes to the coronavirus pandemic.In the column, Navarro claimed Fauci — who, until recently, was one of the most publicly available members of the coronavirus task force — did not properly warn the public about the dangers of COVID-19."When I warned in late January in a memo of a possibly deadly pandemic, the director of the National Institute of Allergy and Infectious Diseases was telling the news media not to worry," he wrote in his op-ed.Navarro claimed in the column that Fauci "fought against" President Donald Trump's decision to ban travel between the United States in China, despite ample evidence to the contrary.Finally, Navarro chastised Fauci for "flip-flopping on the use of masks."Fauci and several other government officials and agencies — including the CDC and Surgeon General Jerome Adams — initially recommended against the use of masks by the general public in the hopes of preserving a depleted national stockpile. However, Fauci has often advocated for the use of masks in public since the CDC changed its guidance in April, and has since admitted the inconsistent guidance was "was detrimental in getting the message across."Navarro's op-ed is just the latest attempt by White House officials to discredit the administration's top infectious disease expert in the middle of a pandemic. Over the weekend, reports emerged that an anonymous White House official told several news agencies that the administration was concerned about Fauci's track record on the virus.President Donald Trump has also publicly broken with Fauci on several points, including reopening schools, testing and the current outlook. On Monday, Trump maintained that he and Fauci have a "very good relationship."A New York Times poll indicates that 76% of Americans trusted Fauci to provide "accurate information" regarding COVID-19, while just 26% of Americans said the same for Trump. 2162

If success at the box office equated into Academy Award success, you would expect "Star Wars," "Wonder Woman" and "Beauty and the Beast" to do well during Sunday's Oscars. While these movies, which represented the top three movies for domestic gross at the box office in 2017, were nominated for a combined six Academy Awards, a number of movies that didn't do so well at the Box Office received more nominations. As a matter of fact, if you combined the domestic box office totals of the nine films nominated for Best Picture, the total would still be lower than "Star Wars, The Last Jedi.""The Shape of Water" came in at No. 50 at the box office in 2017 according to Box Office Mojo. "The Shape of Water" led all movies in 2017 with 13 Academy Award nominations. "The Shape of Water" grossed million and is up for top awards such as Best Picture, Best Director (Guillermo del Toro) and Best Actress (Sally Hawkins)."Dunkirk" was second behind "The Shape of Water" for Academy Award nominations with eight, including nods for Best Picture, Best Director (Christopher Nolan) and Best Score. "Dunkirk" topped all nine films nominated for Best Picture, grossing 8 million in the US, ranking No. 14. "Three Billboards Outside Ebbing, Missouri" is up for seven nominations on Sunday. The film, which is also up for Best Picture, grossed just 2,168 in its opening weekend, according to Box Office Mojo. "Three Billboards Outside Ebbing, Missouri" has since made some cash, grossing million, which made it No. 55 domestically in 2017. "Phantom Thread," which has six nominations including Best Picture, had an even more humble box office journey. It grossed 6,495 in its opening weekend, before taking in million overall. The film did not crack the top 100 domestically. "Darkest Hour" also had six nominations and is up for Best Picture, and only grossed 5,000 its opening weekend. It has since grossed million in the United States. Among movies that topped the Box Office, "Star Wars, The Last Jedi" received four Academy Award nominations. The picture was the top grossing domestic film in 2017, making 8 million. The second-best grossing film of 2017 in the United States, "Beauty and the Beast," was nominated twice. The only other film with a nomination among those in the Top 10 at the box office was "Guardian of the Galaxy." "Guardian of the Galaxy," which was the fourth-highest domestic grossing film, received a nomination for Best Visual Effects.  2548

IMPERIAL BEACH, Calif. (KGTV) - Friday’s high tide was powerful enough to wipe out a front porch and flood streets along the Imperial Beach coastline. Some neighbors who live along Seacoast Drive tried to put out sandbags earlier in the week. It wasn’t enough to stop water from reaching inside homes. “I’ve talked to someone they've lived here 30 years they say this is the worst they've seen,” a neighbor told 10News. Many residents are concerned about the bacteria lingering in the ocean after recent sewage spills, and now draining into their homes. RELATED: Sandbags available in San Diego CountyMark Merrifield from the Scripps Institute of Oceanography is studying the combination of waves and tides that lead to these flooding events. “We have sensors out in the water measuring offshore waves, waves as they come to the shore and the flood as it happens around the street here,” said Merrifield. Imperial Beach crews are removing sand from the roadway so they can get to the clogged storm drain and start relieving some of the flooding.FEMA flood maps for the Imperial Beach area indicate the southern end of the street is designated as a floodway. Check your home's likelihood of flooding here.Wow! Really high tide here in Imperial beach. Water soaking the area. @10News pic.twitter.com/F3P6dNr7HS— Mimi Elkalla (@10NewsMimi) December 21, 2018 1362

Human remains were found in several bags along the beach in Seattle. Police responded to a call last week of a suspicious bag on a beach on the west side of Seattle. Another bag was still in the water, according to a statement from Seattle police.The remains are with the King County Medical Examiner’s Office as they work to identify them and a possible cause of death.A person who lives near the beach told a local station they were shocked by the terrible news, “but some of these things have happened before around here. There have been deaths down here a couple times." 582