It looks at how much your asset appreciated and the fact that you can only pay tax on what remains. David you will pay a Capital Gains tax, but it will be inflationadjusted. The president says that will create a lot of jobs. Why would it . Laura economists dispute that point and say it does not do much for Economic Growth and incentivizes old investment, not new investment. In terms of the jobs and when economists model this out, it is mainly. 1 for the long run. David how does congress feel about this . Congress gets to decide about taxes. Is there support for this move at least by republicans on the hill . Laura there are some republicans that supported this. Ted cruz has been putting the Trump Administration to do this. This is not political really viable this is not politically viable in congress. You look at joe bidens tax plan, it would double the Capital Gains tax rate. The president saying he is seriously considering this. If he has the power, why doesnt he just do it . Laura it is not 100 clear he can do it. Bush looked into this in the back 1980s in the late 1980s. His advisers told him he did not have a problem to do it. President trump picked it up and he has some people telling him he can. He has some people, treasury secretary Steven Mnuchin included, who are not a big fan. Guy thanks to Laura Davidson david thanks to Laura Davidson from washington. We want to look at the tax cut from the perspective of President Trump. We welcome a Senior Advisor to trump 2020, steve cortez. Why is this a sensible move . Steve let me thank you for having me. It is a long time since ive been on bloomberg tv. In my former life i would talk about stocks and earnings, now i talk about politics and policy. Get your question regarding indexing of Capital Gains, i think it makes a lot of sense and that investors should not be punished on gains that result flowing from inflation. We have not had a lot of inflation, but nonetheless, i think that makes sense. It is not my call. It will be up to the president and theres a lot of disagreement among economists and lawyers about whether or not he can do it on his own. Let me say this more foundational he. Im 100 in favor of tax relief for americans. I have yet to meet a tax reduction i do not like. This is important for this economic rebound in our country. What the president did, regardless of what he decides to do or not do with Capital Gains, what he already did over the weekend in terms of suspending the payroll tax, that is an instant pay raise to millions of americans, workingclass folks who make less than six figures it will see a jump in their takehome pay, to give them the confidence to continue to spend and believe in this economic rebound, the economic rebirth of america from the corona crisis. David why are you confident employers will give that money back to employees . This is a deferral. This is not stopping the payroll tax. A lot of people are concerned. Employers and employees, there will be a tax bill in january. Steve it is possible. The president has stated it is his goal to make it permanent. Even if it is just a deferral, i think that is immediate aid to americans in need. You have a lot of working people, people who do not lose their job and are still actively working, they are understandably concerned. This country was walloped by an economic meteor. It is nobodys fault, not President Trump, not the democrats, they are the only group of people the only people we can blame is the Chinese Communist party. They infected the world knowingly and they crash the global economy. What they can do is we can instill confidence and put money in their pockets, and for those who are still looking for work, for those still looking for work , we are offering extended enhanced Employment Benefits for people who have Student Loans that will be difficult to manage , they now have the relief of knowing they do not have to pay them for the rest of the year. What the president is doing, he broke the legislative logjam because nancy pelosi and her cronies were trying to play politics with the pandemic and he said i will deliver immediate relief to those still looking for work and immediate pay raises to those were working. David youve been talking about putting money in the pockets of workers, and that is the payroll tax referral or Unemployment Insurance. Lets go back to the Capital Gains tax cut. That is not putting money into the pockets of workers. How does it work on the President Trump saying that will create lots more jobs. Explain that to me, particularly when we are in the zero bound of Interest Rates. The cost for capital for companies is approaching zero. Is that really what is keeping people from investing . Steve they can be part of it. I am not saying it is a silver bullet. The president has not made any decision. I do not want to get in him or front of the white house. While our primary aim is wages and american workers, we know investment is often required to spur the wages on and spur the confidence in employment. What is good for investors can be good for wage earners. Capital gains in this country should be indexed to inflation. It does not make sense to attack somebody if a portion of their gain is only due to the national the natural rate of inflation in the economy. David that is a fairness argument. Fairpoint. When it comes to getting the economy going, is this the best way to do it . Will i invest in equipment if i do not think the demand will be there . Isnt the problem the demandside, not the supplyside . Steve i think it is primarily on the demandside. I think we can do both. I do not think it has to be binary. I agree. It is primarily about getting consumers and workers confident again. That is why i think the payroll tax cut was critical and i hope it does become permanent. The president has stated his intentions it will become permanent. I also think their other policies. It is not only about taxes. There are other ways to instill confidence. Smarter trade deals, which has been critical. A critical component of the trump boom was getting tough and confronting china and the Chinese Communist party and abuses of american workers, ensuring on shoring, but also ensuring America First does not mean america loan, negotiating with our partners and allies, usmca, smart trade deals. Those completed and those in the works, that is another example of policy prescriptions that can instill confidence in consumers and deliver enhanced wages to american workers. David you are a senior Economic Advisor to trump 2020, the campaign for President Trump to get reelected. In 2016, he had questions about cutting Capital Gains. He said it tied Hillary Clinton to wall street. Is this a ship for President Trump . Does this associate him with the fatcats . Clear i think it is President Trumps priority is american workers. Does the workers of dayton, ohio, rather than the investors of davos. That is clear in 2016 and it is clear today. We are in an incredibly unusual economic situation. This crisis, which is not of our own union, it is the fault of the ccp, this crisis necessitates we think in policy ways that we would not have thought about just as recently as a year ago. The primary objective is to help workers and enhance wages. Is a Capital Gains shift part of doing that . It might be. The president has made no decision. David what can the president do to get the economy headed back in the right direction by november 3 . That is a critical date. Things like Capital Gains tax cuts will take some time. What can be done right now beyond those executive orders to get the economy headed in the right direction before election day . Steve first i would say we are headed in the right direction. That is critical. I am not making light of the challenges still ahead. I know we have a lot of work to do to reclaim the heights of the trump boom we enjoyed as recently as the early part of this year. The green shoots to abound. It is important we recognize that. It is not just the job market. There are other metrics that affirm the massive gain in jobs we have seen over the last three months. ,ome sales in the month of june the most recent month reported, was the largest on record. Manufacturing index, ism, was the highest in a yearandahalf. This is something the media is not talking much about. What we look the virus trends in the United States, when you look at hospitalizations, the second surge or the end of the first surge, however you want to classify it, those numbers are rolling over in our favor toward fewer hospitalizations, fewer deaths. That will instill confidence in the coming weeks and months into the election. David we can certainly hope. Thank you so much. That is steve cortes, trump 2020 Senior Advisor strategy. The wants we talk to and may be future congressman from california, darrell issa, about what washington needs to do for the economy. This is balance of power on Bloomberg Television and radio. David this is balance of power on Bloomberg Television and radio. It is time for bloomberg first word news with mark crumpton. Mark u. S. Health officials are expressing skepticism about russias claim to have a coronavirus vaccine. Moreazar tells abc it is important to have a safe and effective vaccine than to be the first to produce one. The russian vaccine was registered before phase three trials. This trials normally last for months and involve thousands of people. New zealand is taking quick action against its first covid cases and more than three months. The Prime Ministers locking down her countrys large city, auckland, for three days to prevent another outbreak. New zealand has gone 102 days without a new case of coronavirus. The Prime Minister says the nation has beaten the virus before and can do so again. The u. S. Secretary of state mike pompeo is in the Czech Republic kicking off a four nation tour of central and eastern europe, expected to focus on threats to the region posed by russia and china. The two are seeking greater roles throughout the continent in the energy, infrastructure, and telecommunications sector. A trend the United States would like to reverse. We do not know yet who democratic presumptive president ial nominee joe bought it as his running mate, but that willn has joe biden choose as his running mate, but that person has a staff, including veterans of the Obama White House and some newcomers. Bloomberg has learned biden has interviewed all of the top candidates and could make an announcement this week. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. David . David this is not the first time weve seen republicans and democrats square off of major policy actions, but the stalemate comes in a challenging time for the American People and the american economy. We welcome darrell issa, who served for 18 years as republican congressman from Southern California it is now running to go back to washington. Thank you so much for being with us. Give us your sense. Your successful businessman. He spent a lot of time in washington. Your sense about where we are with the economy as we head into an election . Mr. Issa what you are seeing is people can argue about what they agree on. We agree we want to put money into the workers hands, we want to make sure that we are stimulating the economy, and so whether it is the president s executive action, or the stimulus where they argued over 600 versus 400, congress has let us down again. What you are seeing and what i think is noteworthy is the market is pricing in success in three areas. They are pricing in success in the vaccine. They believe the manhattan level project is going to lead to a vaccine in a reasonable period of time. They are pricing in an economy that is still stumbling, still has a lot of workers out, but is going in the right direction, and quite frankly theyre pricing in President Trumps successful reelection, because they are pricing in a continuation of policies that will ensure we keep going in the right direction economically. David that is a great analysis. Is it possible the market is overpricing . Lets talk about vaccines. And hed to dr. Fauci, pointed out there something between a fully effective vaccine, and something less than that that we may have to deal with this disease for quite some time chronically. Is that so than the market is pricing in that we may have to have social distancing for a long time . Mr. Issa it is pricing in the fact that this could end up like the flu which runs between 15 and 60 effective each year. We never beat the flu, we simply reduce it using these vaccines that are constantly chasing a slightly different flu every year. First of all, i think that is the case. They are pricing in the fact that the mortality rate, if you perno fix, is about 2. 5 1000, and much less in younger people. They are pricing in the reduction in harm, such as the british use of steroids that have given us a 75 reduction in the number of people that have to go off the ventilators, and obviously a reduction in the number of people who die. They are pricing in a balance of imperfect vaccine, but a significant reduction in the distraction that is occurring to the Economic Activities of our world. David i wonder how you rate the reactions of various states to this disease. As we look around the world, there tends to be a correlation between some countries who shut down a lot, and their economy is doing better than what we did. Have we under reacted to this disease . Mr. Issa we have reacted in two ways. Initially we said it was about not overwhelming our health care system. Then it got switched to some sort of hypothetical, we will beat this by staying at home. Haveroblem is you cannot 25 to 40 of your workforce going to work and coming back to their families in the ordinary course and then think you will beat it. This in between has been a problem. It is a problem that dr. Fauci and others created by sending us does go different messages, only one of which you can actually do. We couldnt have kept our emergency we could and have kept our Emergency Rooms from becoming overcrowded and people unnecessarily dying. We have not done what new zealand did, which was crackdown to where they stand the virus completely to where they stemmed the virus completely to have zero tolerance. We never asked the American People to do it, now the expectation it will happen is unrealistic. I think we have to look at it differently. We have been more like sweden, who made the decision they would live with the virus, look for herd immunity, and keep their economy going. As a result, our economy did not shut down as many as some, but we also shut down more than others. David one regard in which we were different from other countries, and dr. Fauci and other Health Experts say we should have done, that is a natural a National Testing policy. Should we now have a National Policy on testing . Mr. Issa i am not a medical doctor. Dr. Fauci has been wrong a lot. I would say in this case, if you look at the testing for antibodies, looking for people who have recovered, we are certainly not doing enough of that to have people who could return to the workforce safely and in large numbers. There are a lot of people who do not know, they are sitting at home in quarantine when they could be back to work successfully and without spreading the virus. We should do more of that. Lets remember we as a nation did something we should all be proud of because of our ability to keep electricity and telecommunications to almost the entire United States. We have been able to telework in a way that has allowed our productivity not to shrink nearly the way others did. When you look at google and other Tech Companies and why there stocks are up, there stocks are up because they have shown they will not be overly adversely affected by this kind of a shut down as long as they have electricity. David always a pleasure to have you with us. That is darrell issa, former republican congressman from california. He is running again. Later in the program we will talk with former House Minority leader eric cantor, now vice chair of luella. Ons is balance of power Bloomberg Television and radio. David this is balance of power on Bloomberg Television and radio. Time for the stock of the hour. Today it is the sector of the hour. Scarlet fu is here. Markets are up but tech is lagging. We are not used to that. Scarlet the recent lichens are getting bid up the recent laggards are getting bid up on a hope that vaccine will get here soon and washington will get its act together on some kind of relief bill. The cyclicals come industrials, small caps, autos, they are all doing better. I look at the s p 500 best reformers, we have names like wynn resort, expedia, norwegian cruise line. The dow has now performed the nasdaq 100 and five of the last fixed trading days. Yesterday it was by the most in a month. This is a shift away from big tech, which is a defensive posture because of techs strong balance sheet, steady earnings growth, and the advantage in a work from home world. If you look at things on a technical basis, big tech has extended. Almost a quarter of the nasdaq traded above its longterm moving average, and almost a third of the new york faang index is above the moving average as well. David among other things i do not understand is we say when it come to stock prices we look at earnings. Big tech did well on the earnings season. Why didnt they get rewarded . Scarlet they did get rewarded. It is that the element of surprise is what moved stock prices. Secondquarter earnings showed tech did well. The sector was resilient. The groups ability to continue to surprise is limited from here on out. When you look at the valuations, it is clear it is stretched. Dave wilson points out the vanke companies and apple and microsoft have a price to sales ratio of 8. 3, a new high. It has come down a little bit, but that is what it got to. The s p 500 trades 2. 5 times sales, the dow at 2. 1 times sales, and the russell 2000 just above one times. Negative real yields helping to justify all of those valuations. That may have reached a turning point because real yields are less negative than before. Ben emmons call this a careful rotation. He said for a major rebalancing to happen, you need to see a vaccine come through. David exactly. Thanks so much to scarlet fu. Coming up next, we will talk to Stephanie Kelly of aberdeen standard investment about the miserable u. K. Job numbers in the state of the economy. Ons is balance of power Bloomberg Television and radio. David this is balance of power on Bloomberg Television and radio. Im david westin. Jobs numbers out of Great Britain this morning showed the biggest drop in unemployment since 2009, but nonetheless, a bit better than expected with unemployment at 3. 9 , compared estimated. We welcome now Stephanie Kelly, senior economist at aberdeen standard. Give us your take on the british economy, how it is doing. Stephanie with the jobs report is showing is clearly there is demand destruction through the covid crisis. We are seeing workers, younger workers, low skilled jobs most affected. That is important for the issues around income inequality, structural challenges across markets. You look at the numbers and you think, that is rough, but you think of the furlough scheme in k. , wheree in the u. There is a lot of job protection, but they are looking to remove that. Deciders may have to whether to keep people on or lay people off. David what about brexit . Doesnt that kick in at the end is that priced in at this point . I think everyone has enjoyed a break from the neverending uncertainty with brexit. But it is still there. There is wide expectation they will get to a narrow trade deal, but as investors, we have to think about what that means. That does mean potentially tarifffree access to European Countries, but it could also mean trade barriers being put in place with customs checks. ,upply chains may be in trouble as well as the regulatory environment. Investors have been distracted with covid. The complexity will depend on the Company Level but it is the kind of work we need to be doing as investors, that even in a world where you get a deal, there will be challenges for the u. K. Economy and businesses. David how is the european continent doing better . With the european economy, we see particularly Strong Industrial production data. It is clear that as you reopen the economy, we are seeing a significant bounce in demand. The harder work is yet to come because we have this pushpull between the virus and the economy being reopened. Increasingly, you will have localized lockdowns, and that will have an impact on behavior. I expect that cycle to continue through 2020 and even through pendent. Ccinede at theare you looking fiscal inclusion coming up at least . I think there is a combination of things coming together, countries that are doing relatively well versus others. There is certainly a Health Policy component for the countries that were able to quickly implement track and trace. Those are important systems to have in place. Some European Countries have been more successful than other countries. It is also about how much fiscal stimulus is being provided, how much do investors buy that that stimulus is likely to last. It is really the u. K. That i would point to as a concern in case, where the furlough scheme is expected to end in august, even though the virus will not be. The impact on localized lockdowns is something that a lot of local governments will have to get to grips with. That is a real sense of uncertainty. Of fiscaln we talk stimulus, we have to come back to washington. Still going back and forth about this. What do you make of the u. S. Economy, to what extents are markets starting to Pay Attention to the election coming up . Weekend, clearly, the usually unusual in terms of the fiscal negotiations breaking trumps executive orders coming through. Butan debate the merits keep in mind, all of this is taking place right before an election. I think both sides are incentivized to agree on a fiscal package, maybe a couple of weeks a little negotiation as the political glow of the executive orders wears off, and then reality bites, and then both parties have to get a deal. The intent is there to get a deal. But beyond november, we could be looking at a totally different fiscal environment if joe biden is elected with democrats in the senate. You are looking at a potentially significant difference in the composition of fiscal policy in spending and finance. Investors need to get to grips on that different proposition that they may be facing in january. When governments spend a lot of money, it is good for equities. Is that good in this instance . Stephanie risk assets do not tend to like Corporate Tax. With democrats taking a majority in the house and the senate, we would be likely to see upward pressure on Corporate Tax rates, greater pressure on things like the way regulation is applied. Health care, energy, tech. Those sectors are crucial to the index. They are likely to see markets worrying about greater regulation. The reality of those regulations is up for debate. Of that kind of pushpull having fiscal support in a time when the economy needs it, but the composition being less traditionally market friendly, is something investors will have to grapple with. You may see some movement around how investors are pricing in what it means to have a biden presidency. David always a pleasure to have you with us, Stephanie Kelly. Now it is time for bloomberg first word news with mark crumpton. Two years after the United States withdrew from that dealark 2000 15 nuclear with iran, the Trump Administration is threatening to reimpose sanctions that were eased under the accord. The Security Council could vote on a resolution to make permanent an International Ban on arms deals with iran that is due to expire in october. Russia and china have threatened to use their veto power to kill the resolution. Another escalation of trade tensions between the u. S. And china. The Trump Administration will order imports from hong kong to be labeled made in china. The actual Economic Impact may not be large. Most of hong kong shipments to the u. S. Our exports from other places. The u. S. Is making the change after President Trump ended hong kongs special treaty status. The u. S. Is sending thousands of tons of wheat flour to lebanon to prevent a food shortage. This after that explosion that killed 150 people and wounded thousands of others. The blast also destroyed the citys main grain silo. A minute here and agencies say the first shipment will arrive in the coming days and will supply lebanese bakeries for one month. People across midwestern u. S. Are cleaning up after some Severe Weather ripped through the area. Destruction path of across iowa, illinois, and indiana monday. Lightning, hail, and fierce winds tore apart trees and homes. More than one million remain without power. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. David thank you so much. Coming up, former House Majority leader eric cantor is here for his take on the economy, stimulus, and what it is doing to the c suite. This is balance of power on Bloomberg Television and radio. Radio. This is balance of power on Bloomberg Television and radio. Im david westin. Uncertainty may be the theme for 2020, over the virus, economy, over national leadership. We welcome someone who has dealt with the consequences of this uncertainty every day in the Business World after holding one of the most senior positions in government. Eric cantor is now the vice chairman and managing director of moelis co. You deal with ceos, c suite all the time. How are they reacting given all the uncertainty we are seeing . Error good to see you. What we see at mollison company is a pentup demand or quality assets. Asset,have a quality there is a lot of interest on the part of our corporate clients, private equity clients, and in many cases, those kinds of assets are attracting so much attention some of the potential buyers are looking to pay even precovid prices for those kind of assets. When youre talking about assets, you are talking covidresistant assets. Assets in the health care space, technology, Business Services space. This is where we are seeing increasing momentum coming forth, a lot more robust dialogue then we had a month or six weeks ago. David how is the loose Monetary Policy affecting prices . Eric no question having a loose Monetary Policy, the consequences of that are lower Interest Rates, so the cost of our wing is lower. Access to capital continues to be good even in credit markets. When they were ailing in the beginning of this, the fed stepped in, announced it would be a backstop. For the most part, you have a much more healthy environment in terms of access to capital than people would have originally thought when be entered this pandemic. A ceo toes that drive have an itchy trigger finger because he or she can get a lot of access to capital . It depends on the kind of ceo and where the company sets. Company, weargecap have seen the figures, and there has been an uptick on the over 10 million announcements in m a deals. You also have private sponsors. There has been a proliferation of private sponsors over the last decade. You are now at a point where there are 9000 private equity firms out there and maybe 500,000, several billion dollars apiece of interest to a firm like mullis. Moelis. Those private equity firms are built to do deals, they raise money, investors are expecting them to allocate capital. Things,e the kinds of these are the elements that were in place prepandemic, and will exist after. That dynamic is continuing to push that dynamic along. Dialogue along. David in order for things to make sense, there has to be demand for a product. Lending back but a long way from out of the woods. What do you make over this fight in washington over stimulus . You understand the players. All, it is af given that we will not see a full return to our economic normalcy until a vaccine arrives. , i think itantime is incumbent upon the government to address the needs that arise for those who are out of work. That is first and foremost. That is why you are seeing a lot taking placeish around the Unemployment Insurance number, how much it will be. A prolongedill see until of time where we see these automatic stabilizers like Unemployment Insurance in place, and will be elevated for some time. Eventually, in my opinion, there will be a deal done in washington around a relief package. It will be a lot more targeted than perhaps the cares act was. Will bes on the whole beneficiaries of the continued support, companies that have suffered disproportionately under the pandemic. It will not just be all companies. You also cannot do without some assistance to state and local governments. Number one, they are a Large Employer in our economy. I dont think anybody wants to see a massive number of people dumped onto the unemployment rolls. That dislocation will have to be managed. Lastly, its about school openings. We are not going to see a return to economic strength unless we see the schools opening. That is where the localities, states will need help, guidance, resources, to allow that to happen. For mylate yesterday president he was seriously considering unilaterally imposing some sort of relief on Capital Gains tax. We have heard that from republicans over the years. He says it will create jobs. Does that hold true today, particularly when Interest Rates are so low . First of all, games and taxation has to do with valuation. With the elevated valuations, there are gains to be had. If an investor believes he or she can benefit from a lower Capital Gains rate going forward, i think it does prompt more interest in putting capital at risk. I have always been a believer of a riskbased system of investment in this country. I do think it would be additive. The question has been in washington about the president s or any executives of authority to affect the rate. We have not seen a lot of details on this, but i believe the way the white house and President Trump go about this is to provide an indexing on the which woulds rate, then allow for an investor to avoid the inflation of the impact of an increase in valuation. As you say, with rates and inflation so low, perhaps the impact of a move like that would be more muted. It will still send a signal that riskbased investors should look positively on an Development Like that. David as a matter of governance, with the president coming in with four executive orders and talking about liberal arts colleges. What are you doing to prepare these young men and women . Eric it is important. Julie one of the things that we we now haveenture, apprentices with twoyear degrees who are very successfully doing that and then moving on to better jobs. We have 700 apprentices currently. Focusing on what are the demands of the job and what are the skills are critical to opening up more opportunities like Countries Companies of those represented on the council. What the council is also doing is working together to make sure that we also serve particular needs of these communities. Many of the individuals we will be serving do not come from had otherho have people working in the types of Companies Represented here, so we are also partnering with educationalit organizations to make sure these individuals have the soft skills and support they need to succeed. David 100,000 jobs seems like an awful lot. At the same time, new york is a big place, almost feels like a drop in the bucket. Can this help to move the needle . Julie first of all, no one has done something of this scale to date. While i agree, 100,000 jobs will not be the answer to all of the Economic Opportunities we created, it is a first step at a truly scaled up opportunity. Ceos on this council, we will be raising our ambition as we begin to deliver on our commitment. David this sounds like a wonderful thing. Is this charity or doing something more profound for new york . Julie this is not charity. This is about opening up the avenues to great talent that is being untapped today. Remember, there are more jobs than people to fill them still in new york. E need greater skills we have seen this at accenture. These communities are filled with great talent who just need the opportunity. Our own experience with apprentices is they are innovative, they have a desire to learn, they are committed to their company, their community, and their colleagues. They are a profile of the types of employees that Companies Like accenture and those involved in the council want in the future. Sweet. That was julie lp chairman of bloomberg serves on that counsel. Second hour ofe balance of power, we are going to be talking about what a biden policy toward iran might look like. This is balance of power on Bloomberg Television and radio. On and radio. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories we are following from around the world. An exclusive interview with Avenue Capital managements marc lasry. Where are we in the distressed cycle, and what are the chances win the nba chapin djitte . Played i higha risk around during the pga chapin djitte. We will talk to him. Can Technology Help to save the struggling Hotel Industry . Here. A ogle will be lets have a quick look at where we are markets lies. Down and the dow up nearly 1 . The nasdaq has crawled to flat but some of the big year tech names are giving back