let's bring in lee baker of apex financial and a member of the cnbc financial council. good to see you. >> good morning, frank. good to see you as well. >> the place i would like to start, lee, if you wouldn't mind, tech. tech hit the high in july. a lot of people put a lot of their money in mega cap tech this year. if you are a big tech investor, what do you do now? >> it depends on whether or not you're overweight. a lot of our clients are invested in funds. if you are invested, you are invested in the big tech. do you have additional holdings in apple or microsoft and nvidia? if you are in a position where you can take on a little bit of additional risk in spite of what happened yesterday and you thought it made sense to focus on tech, now might be a time to take a look at nvidia. it got beat up badly about 6%. if you look at the last month, it is a good opportunity as long as you think it is a long-term position. >> you think this is a buying opportunity. >> absolutely. >> i want to bounce something off you. a note from stifel yesterday. they are looking to correct

baker joins us. he has spent years as the moscow bureau chief for the washington post, closely watching the rising power of putin and carol lee and michael mccaul is here, former ambassador to russia and international affairs analyst and -- columnist and member of the editorial board for the financial times. peter, another historic day in the summer that is full of them. put into perspective, the significance of the deal. how complicated it is. >> it was complicated. we haven't seen anything like it since the cold war. it wasn't just a one-on-one deal between russians and americans. especially with ukraine were raging in the two powers that. then they had to bring in germany and slovenia and norway and poland. then finally -- . it is not easy. it took months. actually more than a year or two depending how you count it to make it come together. every time they thought they had gotten closer to a deal something came up to complicated. at one point they thought they could get the prominent russian dissident as part of the trade. they had to convince the germans to release this assassin. then within weeks -- was dead in russian p