ajay raju, attorney and businessman, good morning.nd jeff jubelirer, communications executive. >> good morning, monica. >> thanks for being here to all of you. sources are saying that our d.a. in philadelphia, seth williams, has been investigated or is under investigation by a grand jury panel, allegedly impaneled a couple of months ago, looking into campaign finances -- whether they were used to pay for personal expenses, like a gym membership at the bellevue and expensive meals at the union league -- that kind of thing. no comment yet from the d.a. no comment, officially, from the federal government. some people are saying seth williams isn't as popular as this moment because he's been putting the heat on people in his own party and pursuing allegations against the state attorney general -- kathleen kane, among others. is this just a political retribution? what do you make of it, ajay? >> well, first of all, let's make a couple of things clear. you can be under investigation. you don't even need probable cause -- all you need is an

they are ajay raju, attorney and businessman. good morning. welcome to you. renee amore, g.o.p. state official. >> good morning. >> good morning, renee. larry platt, journalist. good morning, sir. and sam katz, documentarian. welcome to all of you. thanks for being here. tough week for one of our senior politicians in this area. the i.r.s., the fbi, the justice department had been investigation chaka fattah for two years since he ran for the mayor's position several years ago, in 2004. and just last week, they did issue a 29-count indictment, saying he had illegally, in essence, gotten a million-dollar loan to fund that mayoral race and then he illegally tried to pay it back. we'll go through some of the details. what's your initial blush on this? is your reaction that it's politically motivated? he is a democrat. the president's a democrat. much of the administration is democratic appointees, and others. why would they be doing it, and if so, what is the point? >> well, my initial take is that it's not politically motivated it's that when you read the indictment, there's a real

they are ajay raju, attorney and businessman. good morning. welcome to you. renee amore, g.o.p.ial. >> good morning. >> good morning, renee. larry platt, journalist. good morning, sir. and sam katz, documentarian. welcome to all of you. thanks for being here. tough week for one of our senior politicians in this area. the i.r.s., the fbi, the justice department had been investigation chaka fattah for two years since he ran for the mayor's position several years ago, in 2004. and just last week, they did issue a 29-count indictment, saying he had illegally, in essence, gotten a million-dollar loan to fund that mayoral race and then he illegally tried to

club, which delivers lunches to companies like tesla and netflix among others and while trinity's ajayacknowledges froth in the market, he can't ignore it because he says the opportunity remains too big. >> josh, it's friday, friday night. you better not be getting montree, i want to you go out and have a good time. >> i'm taking your advice, you're right, i'm on it. >> so said the two guys with no tie. thanks a lot, josh and jon. >>> europe going to close in a little under ten minutes, simon is here a little earlier than usual at post 9. >> it's a notably more negative bias to what's happening in europe as a result of the payroll data we had here. cementing the belief for many in the market that perhaps there will be a rate rise from the fed in september and many within the equity market. actually challenging the view that the rate rice would have been later. it's a broad-based decline that's erupted in europe. the data wasn't too good from germany. the industrial production data falling. a lot of the data recently hasn't been very good. did mean that jp morgan cut its gdp forecast fo

ajay raju, attorney and businessman, good morning.nd jeff jubelirer, communications executive. >> good morning, monica. >> thanks for being here to all of you. sources are saying that our d.a. in philadelphia, seth williams, has been investigated or is under investigation by a grand jury panel, allegedly impaneled a couple of months ago, looking into campaign finances -- whether they were used to pay for personal expenses, like a gym membership at the bellevue and expensive meals at the union league -- that kind of thing. no comment yet from the d.a. no comment, officially, from the federal government. some peo

so, anyway, you see that trailer community ajais ent or in the parking lot of one of our elementary schools. if you go behind it into that subdivision, you're going to see complete and utter devastation. you'll see very few people actually living there, gutted homes, some not gutted as of yet, some totally destroyed. you'll see some trailers in front of the homes where people are working on them, but you're not going to see the vibrant community it once was. >>> more from the tenth anniversary programming on hurricane katrina, including this entire hearing, and more from people on the ground about the storm. tonight at 8:00 p.m. eastern time on c-span. >>> a group of reporters discuss their jobs covering the white house and the changing relationship between presidential administrations and the press corps. correspondents peter baker of "the new york times," jim avila of abc news, ap reporter josh lederman and scott horsley of npr, participate in this national journal event. >> everyone else is going back to work. i hope that doesn't make your competitive anxiety set in. this is a great grou

matt: three have different fundamentals here than opec countries that arej -- ajay: dramatically differents are rapidly, up to 90% in the first three years, so if there is no new drilling, u.s. production declines rapidly. areaudi arabia, they shallow wells that deplete over 10, 20, 30 years and that makes us the fact of the new swing producer because of the fundamental physics. matt: do we also have similarities? obviously, we're are on a path to energy independence. opec and the u.s.? jay: we are on a path to energy independence. matt: and probably exporting. jay: and probably exporting at higher prices. i'm describing if you put a lid on prices. barrel and then u.s. drilling will rise dramatically. the dump -- the dynamic people don't fully think about is that these capital markets will not overspend free cash flow, so with lower prices, but treat cash flow, particularly with constrained markets and they're doing declines with high prices and you see u.s. production. it is somewhat dependent on higher pressures because of -- prices because of shale wells and volatility. matt: it seems t