governer padilla padilla made his remarks and washington, where he is lobbying to set up a frameworke puerto rico's $70 billion debt. the u.s. senate should take up the measure next week. at least 78 were killed when a powerful tornado and hailstorm struck the outskirts of an eastern chinese city. the twister destroyed buildings, smashed trees, and flipped over vehicles. the tornado hit a densely populated area and farms and factories, 500 miles south of beijing. 500word article injured -- injured, 200 quickly. byhour news a day, powered journalists and over 120 countries. i am mark crumpton, this is bloomberg. joe: gold has been a performing strong asset. but it does it play a bigger role in the financial system? to debate the question, our bloomberg view columnist and also jim records, editor of strategic intelligence and "the new case for gold." jim, what is the new case for gold? jim: it is a nondigital asset. i bump into billionaires around greenwich, connecticut. you have digital wealth -- it can be hacked and eliminated. good luck getting it back. you want hard assets. there a