also with us is david kelly who is a chief mortgage strategist, what did we learn this week? number one, the economy created 162,000 jobs for the month of july, blow expectations. what does the report tell you about where we are? >> we are not growing very fast in terms of gdp growth. we should not expect block bust ter employment growth. if we want to change, we'll have to give the economy a jolt. >> meaning better long-term policy, real clarity about where we're going that gives business people a chance to say yeah, i want to invest and hire again. >> what about you, i want to talk to you about your theory and when people reach 65 what they're doing. >> i think the most interesting part is we had a mediocre job's report. and the percent came down to 7 president7.4%. the reason for this is we believe that so many people are hitting 65. when you hit 65, you're eligible for medicare. but i think we're just going to think definitely about how this economy works. 20 years ago i could run a pretty fast 5k and now i can't. it's not more sugar, i just lost the capacity to run as fa

the author, and dean of the school of business at columbia university, and david kelly, he is the chief strategist with j.p. morgan fund. let's talk about the jobs report, the economy created 162,000 jobs for the month of july. below expectations even though the rate went down a bit. what does the report tell you where we are? >> we have a slug recovery, we are not growing facht. i think we are learning if we want to change, we have to give the economy a jolt. >> a jolt in what regard? >> a jolt meaning better long-term policy, real clarity of where we are going that gives business people a chance to say yeah, we want to invest again, and we are missing that. >> we are missing that for sure and david, i want though talk to you about the theory of people reaching 65 and what they are doing. >> the most interesting part of we had a mediocre jobs report and the unemployment came down, and the reason for that is labor force is growing that much more subtly, it's grown by that half a percent, so many people are reaching 65, and when you are hitting 65, you are eligible for medicare and peopl

. >> here to talk more about the fed and economy is david kelly, chief global strategist at jp morgan funds. we come. you heard vince ryan heart say he thinks the fed wants to get out of the stimulus business and begin tapering. i was talking about a half hour ago to a former policy maker who said i don't really think they want to start tapering and probably not until the end of the year at the soonest. what do you think? >> i think they do want to get out of tapering but what they are trying to do is quietly move an elephant out of a room and you can't do that. i was frustrated by the fact they didn't put this timetable, which ben bern fan key announced in june. they didn't put that in the statement so we're wondering are they continuing to remove qes at the end of this year. i think they want to because they have to. people don't talk about enough is the problems they are billing. it's not just status quo. they are adding a trillion dollars a year and those are chickens that will come home to roost. so they do need to get out of it, but they are so sensitive to doing anything to ups

kelly phenomenal writer so it just depends i mean if it's good material i'll do it but you know. not all the time for t.v. but just when it's something quite good back to deep throat so would you wake me up in the mill a night for. i was really hoping that i could have. back in here for a while. here. you know that's possible i know how would it work for a married woman to move in with her parents apart from her. parents name i. can't say i'm surprised. what you do what do you mean what i to what did you do to make him angry he didn't just hitch out of the blue. i guess i didn't do what he wanted me to. do you took a foul a very serious foul. can i just sit like a few to please and then what are you going to get a divorce where you think we are protestant ma you just don't understand i mean linda lovelace in order strategy we should be on it but call it. she got to dislike the whole thing about before the game against pornography like did you see before i've never seen a pornographic film. that was the fall was why i had no interest no it just doesn't really has never really draw

kelly phenomenal writer so it just depends i mean if it's good material i'll do it but you know. not all the time for t.v. but just when it's something quite good back to do throat so would you wake me up in the mill a night for. i was really hoping that i could have. back in here for a while. here you know hugh no that's possible right now how would it look for a married woman to move in with her parents apart from her. can't say i'm surprised. what you do what do you mean what i to what did you do to make him angry he didn't just hitch out of the blue. i guess i didn't do what he wanted me to. you took a vow of very serious val. can i just say like a few to ease my pleas and then what are you going to get a divorce we think we are protestant ma you just don't understand i mean linda lovelace you know neuter strategy where she died on it but card. she had that to dislike the whole thing about before the game against pornography later in life did you see before i've never seen a pornographic film. now has the pause why no interest no it just doesn't really has never really drawn

on that note let's bring in david kelly with jpmorgan funtds. good morning. >> good morning. >> we've heard a lot of people telling us here they're worried about the second half. byron was talking about hits concerns yesterday. what are you doing with client money here? are you citying fully invested in this market? >> reasonably optimistic. plenty of land mines around the world. what we're seeing here is the u.s. economy lightly to pick up in the second half. i don't see any reason to pull away from that prediction. we're seeing numbers out of europe. europe posted the best composite index in two years in july. so seeing some life in europe. japan has been doing better. overall, global economy is gradually doing better and what we still see keeping rates too low and that is still giving yun opportunity to make money in equities. it's still overweight equities even though it's getting bumpy here. >> i'm really interested in this shift in europe and sentiment. do you think europe has really turned a corner and are you really encouraging people to

gregory will sit down with ray kelly. keep it here for more news and sports. thanks for watching, have a great weekend. >>> we are following a developing story in the south bay. a man leaps from an overpass and drops at least 20 feet to try to get away from police. why he was on the run next. >>> plus an apology, but no plans to change. a peninsula private school says yes, it is sorry about tieing up local roads, but lit not be dropping enrollment as a result. what it's planning to do instead. >>> a road warning from police as thousands of cyclist prepare to flood south bay streets tonight. >>> right now let's take you live outside for a picturesque shot, lots of colors dancing there over san francisco getting us started, the final day of the workweek. it is friday, august 16. this is "today in the bay."

david: pop star kelly clarkson, is that who you were thinking of? tackling with the british government over a very valuable piece of jewelry. liz, take note. details coming next. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. that's a good thing, but it doesn't cover everything. only about 80% of your part bedical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare inrance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today trequest a free decision guide to help you better unders

yesterday ray kelly told david gregory this. >> preventive aspect to this and people say that's not the appropriate word. >> wait, now i'm confused. if someone's not breaking the law, how are they not innocent? perhaps there's a gray area if you're black or brown. that preventive aspect we heard about when new york state senator eric he said during a meeting with the kelly he said he wanted to instill fear in them that every time they left home they could be targeted by police. kelly officially denies having said that. some black and brown men say they're more afraid of the cops than muggers who can't throw them in jail on a whim. >> the stark reality is that violence is happening disproportionately in minority communities, and that unfortunately is in big cities throughout america. we have record low numbers if of murders in new york city it, record low numbers of shootings. we're doing something right to save lives. those lives saved are largely the lives of young men of color. >> wow. so much top impact there. he's saying lots of crimes are committed in black and brown neighborhoods

she is engaged to reba mcintyre's stepson david stockton. looks like love is contagious, adam levine currently on tour with kelly, recently engaged to victoria hottie behati prinsloo. they were spotted on a date in l.a. opening up to a.j. >> i was giddy, i was speechless. it was a beautiful moment. >> a red carpet moment for fergie and josh duhamel. >> she demands a lot of attention. >> showing up together for josh's movie "scenic route" raising the question when is fergie going to finally give birth. >> we don't have a bag in the car. we're not nearly responsible enough. but we're close to the hospital if anything happens. >> i'm so happy for her. she's going to be a great mom, by the way. just so you all know, fergie happened to be my first kiss ever. i like to brag about that. now we're both parents. how cool is that innocent >> i definitely can't compete with that. how about we do a face-off using tv guide's new list of the highest paid tv stars. my contestant, meg, red hair versus yours. >> courtney and i are a big winner. you go first.

daughter leanna as well as david jenney junior of towson. the company that owns the helicopter believes it was caught in a thunderstorm at the time of the crash. a west baltimore family is reaching out to police and the community asking for help in tracking down the person they say sexually assaulted their 17- year-old daughter as she waited for a bus. >> she was taken to the back of an abandoned house and she was raped, she was sexually assaulted. we are looking for justice. the man has not been caught yet. we would love to get some information from the community. --dsl happened one week ago dsl happen one week ago near the synagogue gas station. -- dsl happened one week ago near the sunoco gas station. police say they're looking into the case. man ispolis, 26 her old in custody after police say he assaulted and robbed a woman inside a local mall. just before noon on saturday, the woman was shopping for shoes at the annapolis mall jcpenney store when detectives say she was approached by aaron gray, who struck up a conversation with her befo

gregory sits down with ray kelly. >>> a nrk that wonnetwork that hosting a single republican primary debate. >> the rnc making a big vote will they back nbc and cnn from the live debates of the presidential campaign in 2016? can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding, or paleness. sin

. >> kelly, thanks. >>> joining me is david axelrod, the former senior adviser to president obama and msnbc political analyst. great to have you on. we had an opportunity to be on "morning joe" earlier today and where chuck todd had to say this about the fact that most likely this will not be the triumphant end to summer news conference that the president would hope for but what are you expecting the toughest question to be? do you think it's going to be domestic or about foreign relations with russia? >> there's plenty to choose from, obviously. these are challenging times. but the focus has been this week on foreign policy, on russia. a great deal of interest in those things. and then there will be some trying to project forward in terms of what might happen when congress returns in the fall as to the budget and immigration. so there's plenty for the president to rest with. i was laughing when i heard kelly saying it's interesting maybe we can shake something loose. you know they are sitting in the white house saying, you know, the very thing that reporters are hoping for are the th

but first, i spoke to new york city police commissioner ray kelly on friday. commissioner, welcome to "meet the press." >> good to be with you, david. >> i wanted to have you on to have this conversation not just about stop and frisk in new york but about a broader conversation about policing in america, and indeed, this debate about racial profiling that has grown more intense because of the trayvon martin case as well. so, case in point, you've got judge shichein lynn in new york ruling that the stop and frisk policy in new york has violated the constitutional rights of minorities and here's part of her opinion. the city's highest officials, she writes, "have turned a blind eye to the evidence that officers are conducting stops in a racially discriminatory manner. in their zeal to defend a policy they believe to be effective, they have willfully ignored overwhelming proof that the policy of targeting the right people is racially discriminatory and therefore violates the united states constitution." you strongly disagree. why? >> i do strongly disagree. this

but consider jill kelly. you may remember her from the david petraeus, paula broadwell sex scandal, that ended the career of a general who was supposed to become nato's supreme allied commander. it started last summer when she went to the fbi to report a case of cyber stalking. then according to a new lawsuit she and her husband are bringing against the obama administration seeking an apology and compensation, kelly was then slimed by military enforcement, even though she says she was the victim of the cyber stalking. >> the other woman, in the line of booty, like phone sex. >> the general now has to explain nearly 20,000 pages of e-mail with mrs. kelly. >> under penalty of perjury, jill kelly swears that descriptions like these are inaccurate and defamatory and that she, quote, has not had an affair with anyone. so how did it happen that this woman saw her reputation allegedly destroyed by anonymous government officials? >> being in the position that mrs. kelly and her husband are in today is not certainly t

don't forget new york police commissioner ray kelly will be david gregory's guest tomorrow on nbc's "meet the press." check your local listings. >>> a witness to history. the fight for civil rights told through the eyes of a black butler in the white house. we are going to talk to the journalist whose reporting inspired the movie and best selling book. >> wow. amazing. thank you so much. >> and we'll also introduce you to the man who is living out his brother's dying wish. why he's raising money and giving away the cash lots of it to unsuspecting folks all over this country. his name is seth collins. there he is right there. he'll join us live. it's today's big idea. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money need

host david gregory asked him simply, will people die without stop and frisk? >> i think, no question about it, violent crime will go up. this is not a program. this is something that's integral to policing. this happens throughout america. and any police jurisdiction. you have to do it. officers have to have the right of inquiry if they see some suspicious behavior. >> sybrina fulton, the mother of trayvon martin also appeared on "meet the press" and was critical of stop and frisk. >> you can't give people the authority, whether civilian or police officer, the right to just stop somebody because of the color of their skin. >> the partner of journalist glen greenwald who interviewed nsa whistleblower edward snowden was detained by u.s. authorities or rather uk authorities on sunday. david miranda was returning from berlin. he was stopped at heathrow airport and held for nine hours under the uk's terrorism act. authorities confiscated his cell phone, laptop and other electronic items. >>> scientists are hoping the demolition of a building near the hayward fault

cheryl: kelly on facebook, simply said, how about the people that pay for it? david: yeah. cheryl: number two thing to watch tomorrow, gold and oil prices. gold, god, ending at an 1146 week high. -- 11-week high. prices of both commodities being bolstered by mounting tensions over syria. david: the number one thing to watch tomorrow, july's pending home sales index. economists expecting the index to fall .5% following june's decline of .4%. cheryl: so interesting with the housing number. david: you're a big home owner. >> i stuck all my money into a new apartment. but the housing industry overall we're hitting a hiccup. i'm a little nervous. david: "money" with melissa francis is next. >> i'm melissa francis and here's what's money tonight is didn't think public pensions could get any worse, did you, oh, you were so wrong. private lobbyists get public pensions in 20 states. we're bringing in the big guns. former lawmakers scott brown and dennis kucinich are here when their reaction. >>> plus he may be in the slammer but one of wall street's most notorious criminals is livin

i speak with police commissioner ray kelly. and race and justice in america, with trayvon martin's mother all ahead on "meet the press." >>> david gregory, thanks. we'll see you shortly. >> that will do it for us. thanks for watching. jenna, we are all cheering you on and can't wait to meet your baby girl. >> thank you. i will see you in about eight weeks. >> a little bit thinner. >> a little bit. just a little bit. >> i'll see you tonight on "nightly news. "thank you so much. >>> right now at 7:00 on today in the bay, dramatic new video just in to our newsroom. an elderly woman narrowly escapes serious injury when this truck goes crashing through the front of a home in petaluma and the driver takes off on foot. >> plus, more violence in oakland and police this morning busy as ever, investigating several shootings, the latest in which two people were killed. >>> and the popular owner of a surf school in santa cruz is in jail for allegedly secretly videotaping his young students while they were changing. today in the bay starts

i'm exhausted from speaking with you, kelly. >> she asked one question. and jeff, glass half empty anyway. this is the catalyst taken down the market in a big way? >> three catalysts. david listed about 13. i think the catalysts we have, of course, syria. taper we saw last week from the fed, this market clear lay not priced in the taper yet. i think they're holding out hope maybe the taper doesn't happen until september and a softening economy. i agree with david, not been a disorderly sell-off. i don't think there's panic out there on the street and believe from the people i've talked to the in markets, this is setting up for something better down the line. too bad if you weren't raising cash when the market was going up as i was telling you to. as it goes down a good opportunity. be patient. i do think this is not just a garden variety pullback, a little steeper. >> david, since people are piling back into bonds here, some attraction at these levels? >> you know, we say buy a limited partnerships, a nice yield and growing yield. look, johnson and johnso

com general john kelly alleges that these new searches are result of. death. what happened you were his you were his attorney what happened and how do you explain get no administration's response to his death we still don't know exactly what happened south com narrative south coms narrative is that he smuggled these pills into his cell where he and. asked of them and died of an overdose i had an article out in. truth that i found which went through the various phases of his imprisonment in the last two or three weeks before he died it seems to be impossible that he could have hoarded the pills and impossible that he could have swallowed smuggle them so we just don't know the answer now with respect to the invasive searches the the commander as you say traced it to odd nonce death but the fact is they didn't they didn't start these gentle searches as they're called until early may od non died in early september so if there is a connection there either it's not an urgent situation or it's just a pretext. we've had seven as i mentioned apparent suicides at

kelly was candid saying it's vick team. warriors everywhere this summer it seems. david lee plug at the park last week. barns playing ping pong in china town over the wean. curry playing golf in tahoe this summer and hosteding basketball camp everywhere steven school in pebble beach in charm of one of the warrior many basketball camps. this individual could yo provided to us by the warriors. >> kids have fun going step by step with you. simple cross-over manufacture and get better atxd it. lead to good play during 505 game. >> that's learning. thanks colonel help is. >> that's this edition of 7 news at 9:00. from all of us hope you can joan us again at 11:00 o'clock over on the big 11:00 o'clock over on the big 7. goodbye for now dennis: mac, you've got to see this movie, dude. dee: really? i thought it was boring. boring? it's about the end of the world, dee. "an inconvenient truth" is not about the end of the world. it is about how, if we don't stop global warming, we are gonna destroy this environment. i think it sounds cool. i'll check it out. it is. it's aweso

john meachem, david axlerod, chuck bernstein all here on "morning joe." >> thank you, mika. way too early and "morning joe," both live from the factory floor of the ford auto show in detroit all morning taking a hard look at the financial crisis gripping that city and the innovators who are working to fix it. >>> still ahead here, aside from driving, what everyday activity would you want fully automated. your best and most creative tweets coming up on "morning joe" just moments away. it's a reality check. i had my reality check when i'd be sitting there with my friends who had their verizon phones and i'd be sitting there like "mine's still loading!" i couldn't get email. i couldn't stream movies. i couldn't upload any of our music. that's when i decided to switch. now that i'm on verizon, everything moves fast. with verizon, i have that reliability. i'm completely happy with verizon. verizon's 4g lte is the most reliable and in more places than any other 4g network. period. that's powerful. verizon. get the nokia lumia 928 for free. ♪ now you can give yourself a kick in t

. >> david, hold that thought. i would like to bring a new voice in here. katherine kelly, i know you have more information for us. >> i do, and one of the traders i spoke to today is saying they're getting guidance that the nasdaq may open within an hour or so. that was somebody that i spoke to. basically this person told me that's sort of the unofficial word from nasdaq, however, nasdaq is building a lot of concerns from the industry whether or not a mass reopening. other traders are telling me they're frustrated. they're just not getting any information, or any clear information, rather. we're basically saying that open orders will not be canceled. earlier they thought those orders would be canceled. as one person put it to me, the worst night for a trader is uncertainty. i think they were just touching on this, there's a lot of disappointment in nasdaq. i spoke to one kind of senior-level person, and when i see a goof at that. so lots of cynical things i'm hearing, though things seem to be progressing all right. . >> we're kind of not getting a whole lo

miscavige. >> we have an utter monopoly on workable solutions. >> reporter: kelly miscavige, who we're told is friends with leah remini, seen together in this picture in 2005, posted by the journalist and sign kolg critic, tony ortega, who broke this story. shelly hasn't been seen in many years. making her whereabouts, a source of feverish speculation, among the church's many critics. janet wrightman is the author of "inside scientology." >> she was his wife. she was hz close adviser. she would have been an integral part of every aspect of his life. her absence has been quite noticed by, particularly people, who have been in the upper echelons of the church, the executives. >> reporter: hours after leah remini filed that missing persons report, the lapd told abc news, quote, the case is closed. and that the report that shelly is missing is unfounded. overnight, the church released a statement, saying this ill-advised, ludicrous self-promotion, and the media inquiry it generated, caused an inexcusable distraction for the lapd. the entire episode was nothing more than a publicity stunt f

she is engaged to reba mcintyre's stepson david stockton. looks like love is contagious, adam levine currently on tour with kelly, recently engaged to victoria hottie behati prinsloo. they were spotted on a datin l.a. opening up to a.j. >> i was giddy, i was speechless. it was a beautiful moment. >> a red carpet moment for fergie and josh duhamel. >> she demands a lot of attention. >> showing up together for josh's movie "scenic route" raising the question when is fergie going to finally give birth. >> we don't have a bag in the car. we're not nearly responsible enough. but we're close to the hospital if anything happens. >> i'm so happy for her. she's going to be a great mom, by the way. just so you all know, fergie happened to be my first kiss ever. i like to brag about that. now we're both parents. how cool is that innocent >> i definitely can't compete with that. how about we do a face-off using tv guide's new list of the highest paid tv stars. my contestant, meg, red hair versus yours. >> courtney and i are a big winner. you go first. >

and from grown-ups two, actor david spade. plus a performance from an amazing 6-year-old drummer. and more memorable moments for york. all next on "live." [captioning made possible by disney-abc domestic television] announcer: now here are kelly ripa and michael strahan! [cheers and applause] ♪

he spoke with "meet the press" moderator david gregory yesterday and here's what he said when asked about the view that stop and frisk is part of a larger trend of universal suspicion without individual evidence in communities of color. >> nobody wants to be stopped. at the very least, you're giving up your time. but we need some balance here. the stark reality is that violence is happening disproportionately in minority communities and that, unfortunately, is in big cities throughout america. we have record low numbers of -- >> that full interview plus a response from trayvon martin's mother, sybrina fulton and attorney benjamin crump will air on nbc's "meet the press" tomorrow. and sunita, you wanted to talk a little bit about that gentleman, ray kelly. he says, hey, you're just giving up your time and all the crime is happening in communities of color. >> that's absolutely ludicrous, and it's important to know that ray kelly is in very bad company. the on other city that's been found guilty of racial profiling after a trial is joe arpaio, the infamous racist from arizona. these two men

>> kelly, you know, the outlook i would say is bleak and limited. but hope springs eternal. yes, you're right that there are some republicans who are advocating that softer approach of not holding the debt limit increase hostage to some other conservative goal which sort of what happened two years ago. but for every one of those republicans, there are, it seems, at least as many republicans, certainly it's a close call, wanting to maintain that confrontational approach. there's a new poll out this week from pew research center that shows that -- there's a poll of republicans that showed that only a third of republicans think that the republican party in congress has compromised too much. and another third thinks they haven't -- the opposite. the party is totally split. >> there's a split going on within the republican party itself. look, today is president obama's birthday. he's celebrating his 52nd years of living here on earth. so why -- now we take a moment to say happy birthday, mr. obama. look, it's been a tough summer for the president. approval numbers are low. the ec

kate kelly joins us with a look at the impact some investors have on companies. kate, they make a lot of noise and headlines. who has a good track record and who doesn't? >> take david inhorn with a successful battle with apple, which we mentioned earlier in context with carl icahn. he won the battle and got what he wanted, however, the stock is not doing that well this year so his envestment is not up year to date. that's an example where you have a short-term victory but longer term investment play hebra life, since then the stock has gone up and benefits carl icahn and other people on the long side. it's often a mixed bag, even if you get what you wanted to do in the first place you may or may not see results. dan with sony, so far refused to spin out the entertainment business but the stock on a tear this year. >> a lot of stocks icahn holds or bought recently, they are up this year -- >> that's right. we seen triple digit upside for some -- >> netflix. >> netflix, web md, hebra life. he's had a great touch. >> one thing that worries me, forgive me, if you tr

kelly? >> bill, peter schiff is saying this is bad news for an already sluggish u.s. economy while david haile of david haile global economics doesn't see an immediate economic threat. peter, first to you. never super optimistic butt tay seaying this makes things worse? >> depends on your perspective. i own a lot of oil. i thought oil prices were going up anyway. clearly the catalyst for a $3 move today is syria. if it wasn't syria, it would have been something else. oil prices are going a lot higher than $109 a barrel and it is a big negative for the u.s. economy and what's happening right now in syria is just one more weight on a weakened economy. we can't bear the weight we have let alone additional weights placed upon us. >> david, why don't you think higher oil prices would hurt our economy right now? >> if we had a large oil price a negative. bolster inflation, depress real income. a problem. what's unclear is why the syrian conflict should lead to higher oil prices's syria itself two years ago produced only a couple hundred thousand barrels of oil. it's not a f