the bitcoin is their currency of choice. at the center's bitcoin coffee bar, you can't buy a drink with regular cash or cards. only bitcoins. so i might as well put my bills away again. but right across the way is an atm which dispenses bitcoins. first i have to download an app to my cell phone, a digital wallet to store my bitcoins. martijn wismeijer explains how easy it is to the use the app. just set it to 'receive', then hold your mobile in front of the atm. within seconds my czech crowns become 6.51 milli-bitcoins. martijn wismeijer: i use a chip implant. i created it in 2014. you can see that tiny little chip. half of it is antenna and the other half is the chip. so if, for example, bitcoins are on here and if i want to buy a red bull, for example there, i can show you. reporter: let's have a look. martin just holds his hand in front of the machine, and out comes his drink. he says this is the future. martijn wismeijer: you want it again? anybody want some red bull? reporter: martijn says bitcoins are more than digital

you find me a merchant that is pricing merchandise in bitcoin. has the bitcoin.s half a bitcoin. >> it is very usele. it is less valuable than gold. >> it is not less volatile. >> gold had a long history of intrinsic value before it was money. peep desired it for its properties ask it was very scarce so it had a lot of value because its unique properties were hard to come by. nobody knew what bitcoin was five or ten years ago. it has no value except you can uts it to exchange with someone else. it has the exact same value. >> it's usefulness. utility. gold is just a shiny rock. it has no special values. >> you're a member of a cult. >> stop. stop. there's nothing you can do with your bitcoin. >> what are you talking about? here. >> what are you talking with? >> we are out of time. there is no limit. there is no limit. there is no limit to the number of digital currencies that can be created. there are hundreds of others. just because bitcoin is the most popular. why doesn't everybody use my space? somebody came up with facebook. you have no idea. >> okay. okay. >

let's switch gears and look at bitcoin.ignificant move we saw in terms of the price of bitcoin. bloomberg reporting that the exchanges of bitcoin were actually being brought in to meet with the central bank. reporter: that's right. china has become very central to the bitcoin market at this point. it's the most active trading location, also most of the miners are in china this point. they are generating most of the new currency that comes out. the attractions for bitcoin are quite a few. avoid anyts you central authority in china. on howre restrictions much currency can bring out of the country. if you can put into big -- convert into bitcoin, it lets you get out of the country. there are concerns it is used for money laundering. our reporters broke this story that leaders of the bitcoin exchanges have been called in by the central bank in china. this happened yesterday. that fueled concerns there could be additional tightening on the bitcoin market in china, which dropped the price in bitcoin dramatically yesterday. caroli

lily chen joining us on what is happening with bitcoin. the time to ring the nest death knell for the trump reflation tradeh? this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european open. guy johnson in london. we are looking at gains in equity indexes across the continent. the strongest gains really in frankfurt on the dax, gains of .6% and on the cac, .4%. the cac is still negative for the year, year to date, while the ftse and the dax are gainers your today. guy: let us talk about what is happening in the fx rates. 125.50 handle on cable. it does not seem like the noise surrounding the article 50 triggering is doing anything to persuade people of a slightly better story may be for the pound, though there are plenty of people who still have 120 calls firmly on their books if you take a look at your fxfc. what you have seen as the euro weakening both in terms of its yield versus its pound, but also versus the u.s. dollar. euro weakness and then a pop higher on what is happening with the euro on the dollar, which

i think you want to keep your eye is going on in bitcoin. this is one we do not show very often, but you can axis this on your bloomberg terminal. take a look at the coin. this is a three-day look and we here onretty big drop today's trade because of concerns about what is going on in china. in germanypresident said the recent accusation by trump's top trade advisor, it that germany is manipulating trade markets is misleading. he also said the protectionist rhetoric of the new admin attrition is very worrying. still with us is steven major. there is a lot to take in. do you see this behind-the-scenes cold currency war going on between central banks? steven: i took a lot away from that speech actually and one of the things i was just saying was there seems to be preparation of higher rates coming from the speech and he was referring to and saversinvestors

the question was how will bitcoins play in the future. i think that there's something of an opening of the mind about bitcoin and it's becoming increasingly institutionalized. whether it can become a larger player depends entirely on how it's treated by the fed, by congress, and that to me is the real unknown. i can't predict that at all, but it is interesting that bitcoin has gotten so much traction and we continue to watch it. we spend a lot of time thinking about it, but it hasn't brecken mainstream, in my view, quite yet. >> the pension system looks like it's coming under greater and greater strain, public pensions we look at, california question, down the road going to be paid for and more and more necessary for people to provide for their own pensions 'cause a lot of companies are not providing pensions anymore. what can we do, or what national policies would you propose to help americans save more money? >> well, that's a great question. you know, it's so funny, you say the pension system, yes, it's under duress, nobody i work with

some of the bitcoin users have with fiat currency.ink banks will be at the center of this value. while we're there is a role for digital assets, we don't think that is the end all, be all. we are solving a liquidity challenge for banks. the price of bitcoin has been very volatile. banks do not love that. the only people who love that are speculators and traders. we want a nice, stable asset. the asset we work with is called xrp. >> we had cory johnson just talk about "the peanut butter manifesto," which came out about your previous employer yahoo!, maybe that it spread itself out too thiny. brad: it has been amazing that it has been 10 years. ago,i felt like 10 years and i very much was a passionate yahoo! employee then loved my experience there, i felt like it was increasingly spreading itself thin. like with any other company, you have to understand your true rth, the problem you are solving for your customers. they were a media company, advertising company, and they were great, but not the best at all of those. other companies come

brad: one, we are almost the opposite end of some of the bitcoin community.have said, down with banks and governments and fiat currency. we take of you that banks are going to be at the heart of this internet of value, where value can move the way information moves today. we think governments are not going away, and fiat currency, while there is digital assets, we do not think that is the end all, be all. has been of bitcoin really volatile, and of course, where there is volatility, banks do not love that. the only people who like that is speculators and traders. we have to solve the institutional case. rp.work with x caroline: let us move into your history and past. the peanut butter manifesto that came out a decade ago about your previous employer, yahoo!, that it potentially spread itself to thinly. what was this company? brad: it is amazing to me it has been 10 years. i think, what i felt like 10 aars ago, and very much was passionate yahoo! employee, i loved my experience, i felt like it was spreading itself thin and wet will re--- what were trying to be

pboc has told some of the big bitcoin exchanges that they could face closure if they don't stick to the regulations. another sign of the steps and like that regulators are going ,o curb and support the yuan worried that the been going is used -- the bitcoin is used to curtail that. yousef: let's cross to this story. intel says it will spend $7 billion for the construction of a semaj christon chip factory in arizona. -- a semi conductor chip factory in arizona. we have the details from new york. ntel ceo visited donald trump at the white house wednesday. in addition to the $7 billion factory investment, he said 10,000 new jobs will come to the state of arizona. >> thank you mr. president. it is an honor to be here representing intel and to announce our $7 billion investment in our newest most advanced factory in chandler, arizona. we will be completing that factory to make the most advanced semi nanometer conductive chips on the planet. yousef: he credited mr. trump's deregulation policies. we were later told that $7 billion investment was already planned as part of the $12 billion budge

bit of that.o be a bitcoin is on a 10 or.ed in china for things like wealth of diversification, like those insurance products in hong kong. bitcoin is an alternative for people who are wanting to store elsewhere.lth china has a bunch of other crypto currencies as well, and the pboc has been cracking down, a bit more screwed to the on these. on the other hand, it is in the process of developing its own version. now this could be quite transformative because mobile payments are so ubiquitous in china, and alternative way to do that could have interesting implications. haidi: how soon do receive see this potentially being introduced? moment, they are studying it and testing their own crypto currency. the latest clear guidance we got was about a year ago when the crypto currency would start soon. a year on, it is still not there, so the short answer is we don't know when. what we do know according to a people are telling us is that it is under tests. other central banks around the world are making similar tests, so we will have t

he's proposed banning bitcoins, energy drinks, assault weapons. high-frequency stock trading, caffeine drinks, powdered alcohol because somebody brought it on the airplane. >> one of the best senators new york is lucky to have him. john: he's the reason people suffer from lack of innovation. >> absolutely not true. john: why should bitcoins be banned? . >> i don't know, i didn't read it. john: it's the idea that if you don't understand something, the government needs to prevent it. john: how about laser pointers? >> i don't know, don't point them at planes. john: our likely next president, hillary, is a big fan of regulation, when philadelphia's mayor proposed a new tax on soda, ms. clinton was quick to praise it. >> i'm very supportive of the mayor's proposal to tax soda. john: should we tax soda? >> no! >> why not? people are fat. >> isn't there a cost to people overusing soda? >> the most bloated organization out there, you want managing our diet. terrible advice about don't eat fat, have carbs, go for high carbs, switch back, don't eat butter,

block chain is the security protocol that helps to underpin the digital currency bitcoins but recentlynancial institutions have also begun to take note. in fact, institutions have also begun to take note. infact, many institutions have also begun to take note. in fact, many have worked to adopt block chain technologies. so what are the advantages and how does it work with the charisma of the tshwane 0pen has more. imagine this. —— karishma vaswani has more. we are part of a joint account and each block is a transaction. everytime one of us makes a transaction it gets added to the entire system and it's all linked together, one block on top of the other. at any point in time each of us can other. at any point in time each of us can make a transaction, we can put money in and take money out and the entire system knows about it, it gets validated by all of us. but if one of us wants to do something dodgy without any of the others finding out, like for example change one of the transactions in the account, or remove something from it, well, the entire system would be lost. all of us would

"envÍanos tu pago con bitcoin y puedes acceder ahora mismo". >> los estÁn vendiendo. >> ¿por quÉ este

. >> you must be worried about bitcoin.f these are seeing cash. you are lamenting that you are worried and you are more optimistic. i think the biggest mistake is complacency. that in theave seen law volatility. agree with mr. trump or disagree, the one thing he made clear was he wanted to change the new world order. that has been built on the assumptions, a lot of this is being questioned. outperforming, predominatelyr is owned in the portfolio. it is just now becoming more mainstream. that is why i think the risk reward ratio is very positive. >> always a pleasure. up next, profits soaring for the world's biggest supplier of magnet mid -- magnate these ♪ ♪ we have breaking news, we have the possibility for interest rates. there he is. at the cornell school of business. the predictions event, the cornell college annual new york city predictions event. that is making some productions about china and the challenges, how it is growing rapidly. is having a more stable growth this year. we are focusing on short-term rates and p

the 200 day moving average, above that at the moment. .80., 106, bitcoin, this is a dollar spot rate.n news of the pboc basically, the pboc met nine bitcoin exchanges midweek and basically told them you must , sufficee rules, forex to say, don't do money laundering, against the law. not exactly a lot of details, but there is a link to the statement and i will be looking at that later on. kerry quickly, i look at the bond markets. bonds are falling, to 64 on the aussie 10 year, down as much as s, and gold holding above 1240 at the moment, highs since november, and we are watching coffer shares decline. not as much as yesterday. chile, theead to headquarters of the largest bhp, labor run by action there. analysts saying that has been priced into the copper price at the moment. prolong, we might see another leg up for copper. goldman sachs calling for higher copper prices in the months ahead. , whatd: softbank shares we have here is third-quarter tofits of $814 million, up after announcing a $50 billion investment in the united states. explained how he will keep his promises to president

that calling -- bitcoin hitting a record today, it was up 178% over the last year. as you can see, and investors could be hedging bets with the new policies, or speculation that the administration could relax regulations on the digital currency. coming up, how close to the edge we want to go. what elon musk would say. we will focus on him leading the company next. this is bloomberg. ♪ cory: time warner is clearing their way to purchase at&t. the cable behemoth, it is interesting -- in atlanta is being purchased, that price tag $70 million. the station is -- was an important part of that merger because it was the only way that the fcc could relate that deal. and tesla shares sliding on thursday after investors digested the earnings reports showing the company with their cash burn at a tremendous rate and continuing for the first half of the year. and the cfo is quitting. yet, tesla, shares trading closer to their all-time high. big believers in elon musk. considered part of the paypal mafia, which seems like, you know, it is not a real mafia. no whacking involved. te

he believeddest selling the documents to an employee of that tech firm for $310,000 in bitcoin.ut instead, it was an fbi agent who arrested him on the spot. he is calling himself dan. he was in disguise wearing a wig at the time of the arrest while he was being hauled in, he allegedly told the agents, my life is over. he was fired by his law firm and he is now facing contempt of court charges. the tech firm is under investigation in a whistle- blower lawsuit for allegedly bilking the government. in such cases, the justice department may investigate for months or years before the company ever knows. it's not clear how the wertkin got a copy of the lawsuit but it's valuable information obviously that he thought he could sell. he tried to sell it to someone who called the fbi who set up the sting. in cupertino, len ramirez, kpix 5. >>> we aren't the only ones with severe weather. a powerful snowstorm is pounding the northeast. some areas in massachusetts and maine could see 12 or more inches of snow. others could have white-out conditions. in new york they ditched cars because they

he thought he was selling the documents to an employee of the tech firm for $310,000 in bitcoin. but instead, an fbi agent arrested him on the spot. wertkin was fired by his law firm and faces contempt of court charges. >>> students in the bay area can open their lunches and trust they will have company, as well. it's national no one eats alone day. it encourages students to sit with classmates they don't know to make students feel welcome in a lonely time in the school day. 80 schools in the bay area will participate. >> i wish students would practice it every day not just today. at least once a week. >> when are we going to lunch? >> you can set with us t-shirt. we like it. okay. >>> 5:14. let's check the roads starting with the sonoma area highway 12 closed between watmaugh and highway 121. also 121 closed between 116 and "a" street east due to flooding in the area so -- 8th street east so take arnold drive instead. marin county drive highway 37 vallejo-to-novato commute close the again in both directions due to flooding. this will be a prolonged closure because this is the wo

we will have to mention bitcoin, look at that. on fear of a chinese crackdown.e several exchanges, money laundering was their objective. it as ainvestors use hedge against the depreciating yen. that is quite a recovery. joe: let's look on the commodity front. coming ona big strike one of the biggest copper mines in the world. keep an eye on copper. is staying about the same. we talked about the similar path of gold in the treasury. oil is ticking up. asber is starting to surge people were talking about trade affects. lumber is one of the biggest gainers. scarlet: those are today's market minutes. joe: tax breaks promise by president trump rally stock since election day. the alluring prospect is a ofder adjustment to the end wiping out benefits. how should you transition your the head of strategy. joins us now. what is the price and policy right now, what do you see happening? view is the, our fundamental value you we have seen since the fourth quarter is underlining data. that is up 3% in the third quarter. earnings a rebound in during the third quarter. there a

it said make bitcoin great again. it was, and, here she is pepper sprayed in the face for speaking.id: wow. >> the people that are doing all that, shutting her down and pepper spraying her are doing that in the name of tolerance as they would call it. i always find it ironic with student on campuses, leaders through campus reform, so many say i'm on let because i'm scared of the violence that donald trump is creating around the country and violents of the republican party. i don't see too many student rioting lighting fires and breaking out windows of starbucks in name of conservatism. those on the left are doing it. professors and administrators emboldening them, encouraging them. let's hear out what our opponent have to say. they're saying no, you shut down anyone that disagrees with you. call them a few names. melissa: people watching in the video, that created all this violence, damaged all the property and lit all the flames were not arrested. you talk to more and more conservatives who say, it is not worth the threat to their body, to go and make speeches on campus. i mean, wh

the question is how well bitcoin play in the future. i think there's something as the opening in the mind and its becoming increasingly institutionalized. whether it can become a larger player depends entirely on how it is treated by the fed, congress and that to me is the real unknown. bu innot predict that but it iss interesting that it's gotten so much traction and we continue to watch it and we spent a lot of time thinking about it but it really hasn't been mainstream in my view quite yet.ok the pension system looks like it is coming under greater and greater strain. it's a question down the road. for more and more people necessary to provide their own pensions because a lot ofov companies are not providing them anymore. what can we do or wha with natil policies would you propose to help americans save more money? >> that's a great question. it's funny you say the pension system. nobody i work with is going to be advantaged by the pension system. we are all saving on our own. it is a generational change. but to me, this will sound s

david: we are using bitcoin now? alix: it is at a record. bitcoin is on the board.sterday the conservative critical -- political action conference got to a start outside washington with steve bannon taking the stage outlining the goals of the new administration. >> i down the three buckets. national security and sovereignty, intelligence, homeland security, and the second line of work is economic nationalism which is wilbur ross at commerce, steve mnuchin at navarro, people who are rethinking how we will reconstruct our trade arrangements around the world. the third, oddly, is the construction of the administrative state. >> it is now from seatac is kevin cirilli. i went on the internet first , i looked uprning economic nationalism and never but he is talking about it. what does it mean? c-pag, it means he will have to unify a republican party that has a long posing the type of economic fiscal spending plans that chief strategist steve bannon was talking about yesterday. of course, mick mulvaney, when he was in congress, he was against some of the federal stimulus s

it was a low-level crook that wanted to make $500 through bitcoin, but that was an extremist from kosovo who had moved from kosovo to malaysia. from malaysia, within a co-conspiracy with other people outside of the noted dates to hack into this company -- the united states to hack into this company. this was one of the most notorious fiber terrorists in the world at the time -- cyber terrorists in the world. he had moved from london to raqqa, syria. what he was doing with those stolen names and addresses wasn't to make a buck. what he was doing was combing through them to say, do they look like they work in government? address? ve a .mil i will put them on a kill list. using this new message of crowdsourcing terrorism we have seen the islamic state and the lamont adopt in springing more terrorism cases, by using the social media to propagandize and recruit young people, they took that kill list based off the u.s. company's information and pushed it back through twitter that said, kill these people by name where they live. of the the current state cyber threat. it was the first case that

another crazy day for bitcoin. it plunged 11%. yesterday's 3% drop look like a drop of the bucket. there's the lower earlier. it was nothing. this comes after a chinese platform suspended during a system upgrade. the upgrade could take as much as one month. we're talking about a ing period of time which chinese consumers and investors can't bitcoin.the joe: interesting chart. and on commodities, let's look. one of the big winners today. up 1.6%. we're going to talk about coffee with the dunkin brand ceo. this is on the lower brazil.out of goals selling off. up 1.3%. scarlet: those are today's market minute. breaking news from pandora. they are reporting fourth quarter adjusted loss of 13 cents. that's more narrow than what analyst had been anticipating. not losing as much money as had been expected. revenueuarter was $393.6 million. the outlook here is interesting. $310 to $320 million that misses the estimate for $341 million. joe: it really seems like it is the outlook, the q1 revenue of to $320 million that's the weak spot here

she was basically wearing a red hat said make bitcoin great again.cally coming to listen to the speech. she was not a rioter, not a protester, got attacked live giving interview local station abc. stuart: have they arrested gentleman? >> no arrest made. stuart: flat-out ugly riot, property damage. fires set. people pepper sprayed. trump supporters assaulted, nobody arrested. that is the scandal at this point, in my personal opinion. president trump tweeted about this riot. here is the tweet. if uc berkeley does not allow free speech and practices violence on innocent people with different points of view, no federal funds. "washington examiner" columnist, lisa booth is with us. >> hi, stuart. stuart: i hope president trump follows through not just with uc berkeley, but with colleges all across the country which deny free speech on their campuses. >> a lot of what he is trying to do, what we've seen really from the start. he lays down the gauntlet to push people in the direction he wants. we have seen things like this happen not just on college campuse

equity investments, including a chain of hotels in japan, a railway line in florida, as well as a bitcoin has the distinction of being the first private equity company to go public in 2007. the price is two thirds of what it was when it ipod. the head of strategic investment at softbank used to work for fortress to bring years ago. upgradinghat about that $100 billion softbank vision fund? is there any connection between that and this deal? right, there have been some deals made that will be shifted to the fund, like the investment in oneweb. they say it will strictly be a softbank group investment. that this is an opportune investment for softbank, as well as a bid to acquire investment talent, but the vision fund is still on track to close its first round of investments this month. rishaad: thank you so much for that. bloomberg markets, the north korean dictator's in an airported departure lounge. we were look at the implications and what it means for the -un findsthat kim jong an himself in. you're watching bloomberg. ♪ you are back with bloomberg markets with the latest business flash

rishaad: like bitcoin. >> not as satisfying.e this is a fine wine index. in 2008, that is that mountain upwards where asian buyers drove , ande price of fine wines now you are seeing it up again on the right side of your screen to more than a five-year high as chinese who perhaps cannot get diversify out can into more liquid assets, if you will. rishaad: thank you indeed. now, singapore has announced strategies to drive its growth after what it calls a dark shift away from globalization. the committee led by the finance and trade ministers say free and open markets remain crucial for the country and the global economy. let's get to haslinda amin. tradere talking to the minister, and you were asking him what it would take to secure singapore's economy over the next decade. what did he have to say about that? they needsimply that to resist protectionism. it is a trade-dependent economy, two thirds of its gdp comes from trade. noweeds to remain open more than ever. i want to show you this chart which shows how dependent singapore i

now of basically cyber hostagetaking, where people take down your systems and you have to pay with bitcoin to free your system. need to be more transparent and open about talking about these. it is incumbent on all of us .itting here we won't get anywhere unless individuals start taking us seriously. mr. sulmeyer: i need everyone to work with me here, keep the answers brief, please. mr. buchanan: i have had a long debate with many in the intelligence agencies about whether they could have offered the way of more -- offered more in the way of intelligence. private companies could have come out and ratified and said their analysis was exactly the .ame as those private firms i think they probably could have talked a bit about having evidence affirmed from implants they had in the russian systems. it is not exactly news to the russians that we are inside their systems. i think without getting's so specific that has endangered lives, i think there are ways to do this, and i think they are stuck a little bit in an old think about how you handle this. mr. buchanan: to emphasize what david said ab

yes, it was a low level crook who wanted to make $500 through bitcoin. but that crook was an extremist from kosovo who had moved from kosovo to malaysia, from malaysia was in a coconspiracy with other people outside of the united states to hack into this company. and on the back end, this extremist was in touch with one of the most notorious cyberterrorists in the world, a man named genade hussein who moved london to iraq, syria where he was in the heart of the state of levine. what he was doing was culling through them to see hey, did any of these people look like they worked in government? do they have a dot mail address. and if they do, i'm going to put them on a list, a kill list. and using this new method of crowd sourcing terrorism that we've seen the islamic state in the levant adopt that resulted in us bringing more terrorism cases when i was head of the division than we've ever prowl brout in history by using social media to recruit young people that. >> took that kill list based off this u.s. company's information and pushed it back to the unit

issue basically cyber hostagetaking where people take down your systems and you have to pay with bitcoin. we can be more transparent. it comes upon all of us on this panel to find creative ways of doing this. but we won't get anywhere unless individuals start to take it seriously, not the institutions that have been subject to the attack. >> we will keep the answers brief here. >> i have had a long debate with a lot of friends in the intelligence agencies about whether they could have offered up more in the way of evidence. i strongly believe they could have because so much here had already been brought up by private companies, which they could have come out and ratified , and said that their analysis was exactly the same as those private firms. i think they probably could have talked a bit about having evidence the firm from implants they had in the russian system. it is not news to the russians that there were cyber security issues. without getting so specific it endangers, i think there are ways to go through this and i think they are stuck little bit in that old think about how you h

of cyberhe issue now hostage taking were people take down your system and you have to pay with bitcoins to free your systems. i think it is all incumbent upon all of us sitting here on this panel to find creative ways of doing this. we won't do anything unless individuals start to take this seriously, not just individuals. >> let's keep the answers brief europe please. >> i have had a long debate with a lot of people in the intelligence agencies about whether they could have offered offered up more. i strongly believe they could have it so much was already brought out by private companies, which they could have come out and ratified and said that their analysis was exactly firms.e as those private i think they could've talked a bit about having evidence from implants they had in the russian system. it is not news to the russians that we are inside there's systems. there are ways to go do this. and i think they are stuck a little bit in an old think about how you handle this. >> back to public diplomacy. mr. buchanan: to emphasize what david said about the private companies, it is worth

and later, our own bitcoin bug.

we didn't get to bitcoin. you to come back soon and bring that hat. will be right back.ec >> thanks, maria with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov i mwell, what are youe to take care odoing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. [vo] quickbooks introduces he teaches lessons to stanley... and that's kind of it right now. it organizes all his accounts, do...hso he knowsbooks. where he stands in an instant. ahhh...that's a pr