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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

I wrote my dog an obituary because of course I did. He was the best boy. pic.twitter.com/FKmqeivtq9— Sallie Hammett (@SallieGHammett) September 22, 2020 160

In a deeply divided political climate, Washington witnessed a rare moment of unity on Monday as lawmakers from both sides of the aisle came together to remember George H.W. Bush.The Republican former President died on Friday at the age of 94. On Monday, his body was brought to the US Capitol rotunda where Bush will lie in state until Wednesday morning, an honor reserved for government officials and military officers.Democrats and Republicans remain locked in a standoff over funding for President Donald Trump's border wall that could trigger a partial government shutdown in the coming days and Washington is still reeling from a divisive midterm campaign season where the leaders of both parties were targets and Trump frequently went on the attack on the campaign trail.But for at least a few hours, the two parties appeared to put their political differences aside.As crowds began to gather outside, a ceremony was held inside the rotunda where Capitol Hill's highest-ranking Republican and Democratic lawmakers joined together in paying tribute to the former President.Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer stood side-by-side as a wreath was placed alongside the casket. In another image of unity, House Speaker Paul Ryan and House Democratic Leader Nancy Pelosi did the same several minutes later, standing next to one another as a second wreath was placed.Pelosi, who is vying to become House speaker when Democrats take control of the House of Representatives in the new Congress, stood next to Kevin McCarthy, who will serve as the House Republican leader in the next Congress, as lawmakers filed in at the start of the event and the two could be seen speaking to one another.Earlier in the day, McConnell and Schumer both gave speeches on the Senate floor praising the former President."He embodied the characteristics we admire in a president: integrity, civility, dignity, humility," Schumer said during his speech. The Senate Democratic leader added, "I knew him to be a fine man. A decent man. And even when he opposed your views, you knew he was doing what he thought was best for the United States of America."A long list of prominent current and former officials gathered inside the rotunda to pay their respects.Vice President Mike Pence delivered a speech. Prominent former lawmakers, including former Senate Majority Leader Republican Bill Frist, were seen at the Capitol as were sitting Supreme Court justices, including Clarence Thomas, who was nominated to the bench by Bush.Outside the Capitol, a long line of people waiting to pay their respects to the 41st President began to form early in the evening. Starting at around 7:30 p.m. ET on Monday, members of the public began to be allowed into the rotunda to view the casket.Joe McGarvey, a 62-year old Democrat, was one of the people who waited in line to pay his respects to what he described as "a man who gave a life of service to the country.""I'm a Democrat, but as President, he did a lot of good things," McGarvey said during a brief interview. He described Bush as a "very humble, caring person -- you could tell, just how he treated people."As McGarvey waited, the temperature began to drop. "It's getting a little cold here," he said, "even though I'm standing out here in the cold, I'm glad I did it."Stephen Keblish and Nate Crossett from Utica, New York said they had driven down to Washington, DC that morning.Keblish described it as a "once in a lifetime kind of opportunity.""It's a sort of pilgrimage in a way. There aren't a lot of opportunities for ritual in this day and age especially as a country so I wanted to partake in something like that," he added.Christine Dube, who lives in Vermont, but travels to DC periodically for work, said she believes Bush was from an era where people did "the right thing and you care about America and that comes first.""I think maybe people need to start thinking about that a bit more," she said, "following that set of values, not fighting with each other, agreeing to disagree, doing what we're supposed to do, take care of each other ... not be at odds with each other all the time.""Our country needs to come together," Dube said, adding, "Regardless of what your political views are, I think everybody at heart wants to see our country do well."Among those also paying respect Monday evening: the President and first lady Melania Trump, who stood in front of Bush's casket in the Rotunda at around 8:30 p.m. ET. 4520

How do you like them apples?Apple just became the first American public company to cross trillion in value.The iPhone maker achieved that big number on Thursday when the stock passed 7.04 a share. Apple is now up more than 20% this year.Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.Even though some think Apple needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X -- particularly in China and Japan -- and surging services revenue from the App Store.Related: Apple is showering its investors with cashApple is benefiting from investor euphoria surrounding the tech sector broadly as well -- and it could soon have company in the trillion dollar club.Amazon, Google owner Alphabet and Microsoft have all rallied to near record highs this year, too. Amazon is worth nearly 0 billion while Google and Microsoft are each now worth more than 0 billion.Apple is not the first publicly traded company in the world to surpass the trillion dollar mark though.Oil giant PetroChina briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward. PetroChina, which is also listed on the New York Stock Exchange, is now worth about 5 billion.The-CNN-Wire 1375

In an interview with Fox News on Thursday, Donald Trump Jr. stated he "went through the CDC data" and claimed the number of deaths caused by COVID was declining to "almost nothing.""Why aren't they talking about deaths? Oh, oh, because the number is almost nothing. Because we've gotten control of this thing. We understand how it works," Trump Jr. said on “The Ingraham Angle.”Per Johns Hopkins, 90,728 new cases were reported in the U.S., and at least 1,004 Americans died on Thursday.According to the Centers for Disease Control and Prevention, their recent data is “provisional" and often behind data gathered by counties and other sources.The CDC also updated its forecast of virus deaths stating "an uncertain trend in new COVID-19 deaths reported over the next four weeks and predicts that 3,900 to 10,000 new deaths will likely be reported during the week ending November 21, 2020.” 898