the samethere is henrietta treyz power meter. who holds the power here? nrietta: in my opinion, the minority party always holds the power. a great component of this for investors is that we have a government shutdown looming. if it weren't for a government shutdown, i would say that both of the two sides are fighting more of a political war than an economic war. i think we are going to be fighting through at least september 21. that means several weeks of expired unemployment benefits. the payroll tax suspension is obviously not being implement it across the board, and we will be dealing with a much starker picture in late september than we are right now. each side thinks they are winning this debate, to your previous point. the republican conference is much more poignant than they have been -- much more buoyant than they have been over june, july august. tom: all of the payroll tax people are like one in five jobs in america. whatever the ratio is, it is a small number. are these people at a virtual convention, is the president building a scaffold at the

jonathan: we will try to get you next week with henrietta treyz veda partners. -- henrietta treyz of veda partners. this is "bloomberg surveillance ." says hepresident trump is seriously considering a capital gains tax cut. he told reporters it would create a lot more jobs. president can't cut taxes on his own. some advisors say he could issue an executive order that adjusts the original purchase price of an asset when it is sold, so no taxes paid on appreciation for inflation. the trump administration reportedly may temporarily prevent citizens from returning to the u.s. if there's a chance they have the coronavirus. according to "the new york would applyban to permanent residents, too. in seattle, the police chief has resigned after the city council voted to eliminate 100 officers and cut the department's budget. it is the latest move by a leveler meant -- by a local government to cut police budgets over the killings of black people. employment in the second quarter and the u.k. fell by the most since the financial crisis. britonser of with jobs inclined when the crisis was ash the