both the democratic and republican presidential candidates oppose the tpp. white house officials are working to gain approval of the pact before barack obama's term ends. >>> the paris agreement on climate change came into effect friday putting pressures on countries to start slashing greenhouse gases. it's leading many japanese firms to develop cutting edge technologies that reduce carbon output. officials with japan's largest business group want companies to promote this technology abroad and lead the effort against global warming. japan's steel industry accounts for 40% in the industrial sector. working together to develop new technology. other methods involves injecting hydrogen into high temperature blast furnaces. researchers say they're aiming to lower emissions by 30%. >> translator: we're one of the biggest greenhouse gas emitters so we have to make all efforts. >> officials at fuji heavy industries say they're putting more resources into their hybrids and electric vehicles. >>> japan is known as the land of original mascots. many businesses depend

>> tpp is seen as a way to challenge china's power in asia. i have no idea what went none the hallways or elevators of trump tower. but if you wanted to stand up to china, the tpp would be aiming to do it. i'm not saying that means it's worth it. but pulling out of tpp, it makes it easy for it to be the king of asia. we are saying look across the pacific to america and deal with us. kennedy: the trump names on everything it's like hello kitty and "star wars." there are companies he doesn't even own. but he licenses his name to them. what is he supposed to do about all those things? it seems practically to change the name of every trump stamped entity on earth. >> we had henry paulson, the treasury secretary. he was rich and it took multiple lawyers, full-time jobs to figure out what to do with his assets. >> there is a difference between liquid assets and real estate. you can't just sell building in multiple companies. >> he has a company whose named asset is his brand name. you can't get rid of all conflicts of interests until govment, journa

supporters say that tpp would create jobs, and raise living standards. critics like donald trump's a cheap imports will wreck local industries and cause american jobs to be transferred to the far east. president outgoing was giving metal of honor awards to some of the american public life. many of them vocal supporters of hillary clinton. the liberal elite who find themselves in the cold under a troll administration -- under a trump administration. katty: for more on the development i spoke with a contributor to time magazine. went to chew make of the meeting between president-elect donald trump and "the new york times?" >> it was interesting, the drama even getting there. he said he would not meet with this failing media institution which was unfair to him, then maybe, then he would at there was a negotiation. before he even got there. it shows that this president seems to be that he will have a very close relationship with the press, more close them barack obama or george w. bush. he only had 19 press conferences in his first term compared to his fathe

and it's -- the task is being made easy by the tpp being scrapped. china moving into that vacuum, if you like. >> andrew stevens, thank you so much. lahnee chen, ambassador locke, i appreciate it. >>> coming up, so far president-elect trump's picks have two things in common, they are all men, and they are all white. now critics are asking, where is the diversity? what will the cabinet look like? will it reflect our nation? we'll talk about it next, live in the cnn newsroom. my lineage was the vecchios and zuccolis. through ancestry, through dna i found out that i was only 16% italian. he was 34% eastern european. so i went onto ancestry, soon learned that one of our ancestors we thought was italian was eastern european. this is my ancestor who i didn't know about. he looks a little bit like me, yes. ancestry has many paths to discovering your story. get started for free at ancestry.com how much prot18%?does your dog food have? 20? nutrient-dense purina one true instinct with real salmon and tuna has 30% protein. support your active dog's whole body h

involved in tpp. they account for 40% of the global economy. it's a huge group. >>> tpp will be meaningless without the u.s. george the japanese prime minister shinzo abe. he told authorities that a u.s. withdrawal would disturb the fundamental benefits adding other members of the 12 nation deal had not discussed moving ahead without american involvement. >>> now the strong earthquake that hit northeastern japan in the early morning hours forced many manufacturers to halt operation and halted businesses. we have more on this from the nikkei. we saw the nikkei closing just a fraction in positive territory. >> reporter: yes. so all in all there wasn't that much of damage but still pretty frightening magnitude 7.4 earthquake hit off the coast of fukushima prefecture just before 6:00 this morning and even here in tokyo which is about 300 kilometers away from fukushima, i jumped out of bed and the room was swing from side to side. it was pretty frightening. area where a massive tsunami struck a nuclear pow

tpp, becomes that it bad timing with japan is about to vote on tpp legislation this week. it was pretty much expected that the next president elect is one of tpp, but tpp is pillars of the prime minister's rejuvenation. japan has to seek other trade agreements to cover the potential loss from the potential benefits of the transpacific agreement. iso as you have seen today -- stocks nosedived. 104 yen.r tumbled to with the uncertainty of the u.s. economy, economic policy, japanese yen is likely to remain strong as investors are likely to hold onto the japanese yen, which will be impacting japan's exporters and manufacturers, which is a blow to the economic recovery. others say depending on how long this continues, japan's economy micro crumble back to three years ago. a headache for the prime minister if that happens. another korea is significant ally of the united states, but i understand your country is in the midst of a political scandal involving the president. the attention may still be on her. would reaction go to the election in the u.s.? a letter to trump saying he

tpp allowed for free flow of data across borders. now it is off the table, it will be that much harder for google oral pta bet for that matter to sort of monetize all of the data across the globe, across different countries. >> team trump is saying they will be able to negotiate better bilateral deals. so is it possible, even though obviously it will take a longer period of time, there still might be -- i would imagine, by the way, that's why there's been outreach from the tech community to the president-elect. >> yeah, i mean of course you're going to want to deal with, you're going to want to negotiate with him. i think, you know, if the idea is that the trump administration wanted to take a closer look at it, they will see actually intellectual property is a big part of the u.s. economy. digital, creative works, et cetera. and that isn't protected, especially in asia, which is what tpp was trying to formalize and sort out. they want to sort of maintain dominance around it, necessary have to work out the deals, even if it ends up b

snervous by hesitation have turned to china, which was excluded from the tpp. tosident xi jinping is happy step into the role, proposing his own trade agreements to rival the u.s.-backed partnership. >> we ought to continue deepening and expanding the cooperation in our region. we ought to build a common platform, establish common rules, and share the results of our development. attempts to exclude any of us are to be rejected. reporter: xi took the opportunity to push the beijing-backed regional comprehensive economic partnership, which at present exclude the americas. the u.s. congress has still not andfied the ppp -- tpp, republican leaders have blocked ratification until baltimore takes office in january. -- until trump takes office in january. reporter: the german pilot union has called for a strike that will affect short and long haul flights for 24 hours while they are engaged in negotiations over salary. this will be the 14th strike in 2016. deciding whether to purchase -- whether the purchase of cigna by its rival, anthem, will be approved. it would cr

to draft a list of executive actions that he can take on day one they include withdrawing from the tpp, negotiating bear bilateral deals and ending restrictions on shell and full energy. in terms of regulations he says he would institute a policy that ends all regulations when new ones are created. he has a plan to stop cyber attacks against our infrastructure and directed the department of labor to direct the abuses of visa programs. he put forward the plans to drain the so-called swamp. he will oppose a 5 year ban on officials becoming lobbyists. a lifetime ban of ob being

if you look at things like tpp, he's also looking at we will do bilateral deals. in other words, cantsal these bilateral deals and using a cost benefit analysis on what benefits what he says as america first. >> when we look at other big issues, particularly the ongoing civil war in syria, the irop nuclear deal, what policy positions can he favor or per sue to end the war in syria, and can he rip up the iran nuclear deal? >> the war in syria, please rr very much limited because much of it, when the uprising began in early 2011, much of what the russians have filled. whether aleppo will fall, that remains to be seen. trump is looking beyond syria. there will be continuity on the fight on isis in eastern syria and western iraq, but what he's looking at is cutting deals, for example, with mr. putin to reach an accommodation on syria and other places. regarding your point on iran, remember, the iran deal was a deal, which is legally binding, but he has space in terms of the sanctions against iran. he can make them stronger, upgrade them, but the problem he may run int

does this tpp withdraw mean they pivoted out of the region? >> one of the things and he was saying that even though you might see donald trump with the drawn from the economic platform of the rebalance towards asia, one thing to watch is his attitudes towards china expansion in the south china sea. i think donald trump would see that in almost a personal way. talked about how china's island the building in the south china sea was an affront to the american president, and there is implied criticism that the american president did not do enough to stop china from taking actions and the south china sea, so this will be an area to watch , particularly when you see donald trump pledging to build up the u.s. navy. rishaad: thank you very much indeed.

it's necessary to establish an economic zone like the tpp that accounts for 40% of the world economy. it would benefit the economies in the region. >> leaders of tpp member states are scheduled to meet on the sidelines of the apex summit that begins on saturday in peru. abe s said he wants them to reaffirm their commitment to the deal. >>> the first trial of a drone using a mobile phone has been carried out. they developed the system with a group of venture firms. it had a top speed of 50 kilolometers p per hour. conventional wireless drones have an operational limit about one kilometer. mobile phones allow operation from tens of kilometers away. >> translator: wind, rain, and other weather conditions will be tricky to deal with. we will do further trials to enable practical use. >>>> engineers plan to test if e drdrone operation affects mobil phone communications on land. they aim to put the drone into practical use from 2018. >>> hitachi has developed camera technology that captured images without lenses. they promise cheaper and smaller lenses with applications in self-driving cars

duckworth: i oppose tpp for several reasons. i think it is good for our agriculture policy and i hope we can fix tpp but right now i cannot vote for it for several reasons. it allows to unfairly treat. the word is that you should not engage in currency manipulation. there will be penalties behind it. to granite city. talk to this 50-year-old steelworkers getting flooded out of their jobs because chinese are dumping cheap chinese steel and manipulating currency and pushing american manufacturers out of business. we should defend american manufacturers. we should put american businesses first. let's make it a fair trade program not a free trade program. allowing to explain workers, currency, to gain unfair advantage. if you make it a fair ground, i will probably vote for but as long as it puts americans at a disadvantage i cannot vote for. if. kirk: i would say that my opponent says she supports illinois manufacturers but she ignores the illinois isufacturers that say tpp responsible for sponsoring over puttingfamilies and people

we know from members of congress tpp is dead. it's not going to get a vote in the lame duck session in congress. it's unclear, at this point, what is going to happen with this and many other deals. that is one of the challenges president bush faces as he meets with the leaders trying to assure him the u.s. needs to remain engaged. martin, this is a region that the obama administration invested a good deal of time in. he visited countries in asia more than a dozen times in the eight years of his presidency and this rebalance of foreign policy to the region was a big part of the president's foreign policy and this failure of tpp is a blow to the effort. the president is left trying to reassure allies and trying to show them the u.s. will remain engaged. there are question marks about exactly what u.s. foreign policy is going to look like in the next administration. >> real quick, one of the questions had been about china. do they plan to capitalize in this? i know you don't have a lot of time, but will they? >> reporter: absolutely

that's what the tpp would have done. it would have included some environmental and labor standards that would have been increased and made enforceable that the context of tpp that was not true in nafta and that potential improvement is on the verge of being cast to the curb, if you will. and that's rather unfortunate, too. so there are significant lost opportunities and it will be difficult, i think, for, frankly, democrats and republicans in congress who oppose the tpp moving forward to justify this action or inaction as the case may be and to lay out some sort of coherent strategy for addressing these concerns. this administration pursued a coherent strategy. we worked for years to negotiate the kind of agreement that would advantage u.s. workers and our broader economy but it looks like that responsibility may fall to someone else. ill think they will have a hard time putting together the kind of coherent strategy with as much promise as the one this administration put forward. >> reporter: i know the president was as

tpp is one of the ones in the firing line. so this is the basis of the postwar disparity and not just japan. it has been a very big part, an important part of shinzo abe's on economic recovery plan. now with this looming, what does it mean for japan? by could boost gdp by 7% 2025. you take it away, you lose a big spur of growth for japan's economy. this is a big concern when they are already struggling to get going to start off with. shinzo abe and donald trump spoke about their issues. abenomics,p praised and they will meet in new york. there are further discussions on tpp and more. where are we on the great discussion on dollar-yen? people were talking about twitter. know, the bank of japan is in a no-win situation. here we are with trump elect, ais is day to a potentially four-year, eight year term. there is a huge amount we just don't know. >> and a long way to go. third world companies seem to settle down later, but japan has not ruled out the ability of intervention and that itself is a selling point. but the surge will

our next guest supports tpp, but his state voted for trump. republican congressman tom cole of oklahoma joins us live to talk about that and a lot more when "power lunch" continues. miles per hour. is0 to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> welcome back to "power lunch." the record ru

tpp is a far preferable approach. bilateral trade agreements with south korea, so there are examples. we have trilateral with nafta, which he also says he wants to reopen and renegotiate. this is second or third best, and what else can i say? jonathan: let's talk about this region specifically to begin with. the vacuum this will leave, whether the happiest person is a certain president in china. dr. haass: i think she jinping -- she's in pain -- i think the chinese president is feeling good. it's interesting to take a step back. the big idea of mr. obama's foreign-policy was the rebalance or pivot to asia. this is the economic component, it's like a three-legged stool without the third leg. to me, is an unfortunate way to begin. mr. trump is inheriting an unbelievably full, difficult inbox. what he is now done is taken that already piled high in box something else to it. now he's basically got to deal with the trade issue, which was essentially settled. much of a was too symbol for him and hillary clinton and bernie s

paul: you mentioned tpp, that seems to be dead. would you concede that? rep. brady: i would say it is on hold. paul: on hold? rep. brady: it is not enough to simply buy a american. we have to sell a american throughout the world. and the asia-pacific region will hold half of the middle class customers on the planet by the end of the decade, so we want to be in there. if we withdraw, our economy will suffer. so, i am hopeful that the new president gives us a chance to make the case to keep what is good in trade and create jobs and fix what is perceived to be bad and there is plenty in that area to tackle with his skills. he could do very well. paul: there is a lot of discussion about the new republican coalition and how do you reach, how does the congress, other than by increasing growth, appeal to americans that have not been as well as those in this room? trade is one way that the president-elect has tried to do that. do you think you have to move in some way on trade in order to satisfy that message because set up? i am talking about restrictions, tariffs, s

clinton reversed her support for the tpp after she began running for the white house. i spoke briefly with the spokesman from the balan he said he was not taking questions and the statement would speak for itself. ed: police are investigating an auto dealership making a surprising find. maria: plus gronk off the field and on fire. ? anchor: we continue to watch breaking news out of marlborough. an infant in a 19 or woman and a 19 year old men were found this morning. sources are telling newscenter 5 they're looking into the possibility a drug overdose may have somehow have been involved. the adults are stone the hospital. ed: a car dealership. an investigation into a fraudulent inspection sticker led them to auto alley. they found ingredients and tools used to cook methamphetamine. >> they were able to locate tools and the devise that was used to cook methamphetamine. they were taking stickers that had been legally issued been face charges for both the production of drugs and the false inspection stickers. maria: cold out there today. then it got nice. >> it's a perfec

if you look at things like tpp, he's also looking at we will do bilateral deals. in other words, cantsal these bilalib bilateral deals and using a cost benefit analysis on what benefits what he says as america first. >> when we look at other big issues, particularly the ongoing civil war in syria, the irop nuclear deal, what policy positions can he favor or per sue to end the war in syria, and can he rip up the iran nuclear deal? >> the war in syria, please rr very much limited because much of it, when the uprising began in early 2011, much of what happened since then largely u.s. inaction, has led a void which the russians have filled. whether aleppo will fall, that remains to be seen. trump is looking beyond syria. there will be continuity on the fight on isis in eastern syria and western iraq, but what he's looking at is cutting deals, for example, with mr. putin to reach an accommodation on syria and other places. regarding your point on iran, remember, the iran deal was a united nations security council deal, which is legally binding, but he has space in term

the same with tpp. with a trump administration, you contextualize a potential president trump within the context of the republican party. both parties are split on trade, but historically the republican party has been the more pro-free trade party. that may be a nonpolitical thing to say in today's environment, but i think that is more in the republican genes. the other thing worth pointing out, china is a real challenge to the united states on trade. one of our scholars who has covered trade for nearly 30 , an economist who is a true believer, and he has come out and said that we are continuing to turn the other digitalwards chinese mercantilism and intellectual property, and that is not viable. will jump into say, for example, the net neutrality e-mail is ambivalent on the issue, but came out very strongly in support of net neutrality not long afterward. if what we are ending up with is ambivalent on some issues, but persuadable, i will take that and i think the outcome, if you look at the secretary's

i think, for example, the tpp will be just that. soothing words to people in the midwest who essentially elected him onal rebellion d on a rebellion against the trade pacts and the tpp. but it's something that wasn't going to ha -- going to happen anyway, it's not a job creator. on his infrastructure plan, he will need just like obama needed republicans, he will need democrats. he's got an even narrower majority to get his campaign pledge which is jobs. i'll be looking at the specifics of that infrastructure plan and if he will reach out to democrats and get something done or if it will be a research of tax credits. >> it's the taxpayers who are the ones who will get hosed, and they will be stuck with that massive bill. you also touch on the tpp. the markets like that. but it has divided republicans and democrats. is there anything here aside from potential huge poor crony projects in the infrastructure spending that can bring both sides together quickly, and do you see him purposely doing senate. >> i hope that he will. i'm optimis

the best deal we have negotiated was tpp and trump killed that. so i'm not sure where he thinks he's going to go from there. >> i'm just saying, it might be the best in your point of view, but that is not what was the popular expression on election day. >> yes. and it wasn't the best deal we could have had. it was the best deal we have ever negotiated. there are some things in tpp i would have done differently and definitely would have dug hi heels in for currency manipulation and was disappointed the united states didn't. >> we'll see what happens, matt. thank you for joining us this afternoon. >> thank you. >> that is matt gold. >>> restaurant stocks have been surging since the presidential election as well. after blaming tough quarters on political uncertainty, are names like mcdonald's and wendy's set to see a comeback? things to sink your teeth into next. >>> and monsanto and 3m are sinking their heels into earnings. we'll tell you if there's more pain ahead. important than your health. or the freedom to choose what doctor you want to see. so

for the critics are the or the s i think the question is by defeating tpp or delaying tpp, how were they improving the workers rights around the world parks how were they leveling the playing field and in the meantime when we could be raising the workers rights, why are we imposing a continuing level playing field? >> a theory about i know you heard of you think that it's in purgatory but do you have a theory of who put it in purgatory? [laughter] if you're asking about divine intervention here, i think what we have seen is a a rise of populism in the right and left and politics that didn't always permit a full debate based on facts and i think that combination has made it difficult for us to look at the message for just what is at stake. >> [inaudible] punic i think i was probably at work. that was a few days after we completed the tpp negotiation and got to washington to immediately go to the hill and consoled and we were in the process of doing so. >> do you remember how you felt? [laughter] >> i won't comment on any candidates past or present, but i think that this process has unders

with respect to tpp, chris and i agree. tim and i voted for tpa because we wanted you to be able to read tpp. and now that you've read it, i would surmise that you have reached the same conclusion that the two of us have reached, that it's not in america's best interests. but i would caution you to keep this in mind. we are in one of the most trade-intensive districts in the entire country. think, we have the general counsel for michelin who is here tonight, law school classmate of mine, bmw. ge does not sell their gas turbines in spartanburg, they sell them overseas. we are a trade-intensive district. so we benefit from trade, but it has to be fair for the american worker. tpp is not, which is why both major presidential candidates are opposed to it and which is why it's not going to come before the house this year. if it did, i'd vote no. >> moderator: met me play devil's advocate for a minute. two things. one, if we don't do tpp, does this affect us negatively in terms of our political influence in the region? is that a

more of as there threat, instead of just scrapping tpp or the u.s. involvement, is the bigger threat trump's pledges to put the tariff on chinese imports and the impending trade war, also labeling china a currency manipulator? >> absolutely. that goes without saying in my way of thinking. imposing tariffs on countries with which you are trading most, where most of the exports go, is not a good idea. of the country's mr. trump mentioned most often -- china, mexico, and i forgot the third one, i must admit, but i'm sure there is one -- they are also the biggest export destinations for u.s. companies, so let's see what will actually happen. i understand there is a negotiating position going on and there are some legitimate interest the u.s. might want to tweak further in its favor. you can be happy or unhappy about that, but that is not a completely rational way to act. when yourket reaction, say that the selloff was possibly overdone, and you use it to buy a gift, but we do have analysts saying there is more pain ahead for markets. what do you see a he

are you a tpp proponent? >> well, sure. i am a tpp proponent, but i don't think that's the biggest deal right now. i think there's actually a lot of reason to be optimistic from the overall policy from the president-elect for regulatory reform. that's a big story. >> it's weird, isn't it? i guess you never get everything that you want. but there's single issue voters. i guess there's single issue economists. that's not the first thing you think of even though it was in the video, you don't immediately say wow we're closing borders and getting too nationalistic. you think the other things might account for the action in the stock market and the other animal spirits right now? >> i absolutely do. if you want to restart growth tough change expectation. the place to start is tax and relation. i think the stock market reacted favorably to that. i think the administration and the work that paul ryan has been doing in the house point the way. >> do you think that after, you know, all that was kicked back and forth between the spea

trump can indicate he would like the tpp not to go ahead whether he can single handedly veto it, i'm not sure. >> he can take executive actions, right? obama has done that many times. >> he has. i'd love to know the answer to this. we'll look into it. >> i suppose it's a question really of whether the republicans in congress and in the house want the tpp go ahead. >> yeah. e-mail the show. get involved. streetsignseurope@cnbc. get your questions through like barry did you can find us directly on twitter, @louisabojesen. >> or at @carolincnbc. >>> coming up, barring post brexit, we'll look at philip hammonds budgetary bans. don't go away. generosity is its own form of power. you can handle being a mom for half an hour. i'm in all the way. is that understood? i don't know what she's up to, but it's not good. can't the world be my noodles and butter? get your mind out of the gutter. mornings are for coffee and contemplation. that was a really profound observation. you got a mean case of the detox blues. don't start a war you know you're going to lose. finally you can now find all of net

the number of countries starting to ratify tpp. at the same time we're hearing calls for a less ambitious trade agreement in the region with lower standards, lower protections for workers, lower protections for the environment. that kind of agreement would obviously exclude u.s. workers and businesses and access to those markets so for all those reasons, i believe that tpp is a plus for america's economy, america's workers, american jobs. i think not moving forward would undermine our position across the region, our abilities to shake the rules of global trade in a way that reflects our interests and our values. finally, our cooperation with apec has been critical to our historic progress in fighting climate change. bringing thearis agreement into force, agreeing to limit aviation emissions, phasing out dangerous facs. we phase out fossil fuels and our commit to doubling our renewable energy. as i

it's a difficult reality trotter and millions of americans fear would only intensify partnership or tpp, which the president-elect says will go. >> i'm going to issue a notification of intent to withdraw from the transpacific partnership, a potential disaster for our country. >> reporter: it's a trade agreement between the united states and 11 other countries, including japan, mexico, and vietnam, that would lower trade barriers and taxes for u.s. goods. the winners in global trade deals often consumers who pay lower prices. the losers, often american workers, lower cost competition overseas. >> it's not possible to save all our jobs and have markets in the world open to american goods. we've got to have some trade-off, and that trade-off tends to be low value manufacturing jobs. >> reporter: in baltimore, drew greenblatt said tpp would help him add jobs. >> we need new markets to sell to. we need new clients to grow into. >> reporter: but it's an argument that doesn't convince on trade. >> when he said he's going to make it one of his top priorities, that's good for you? >> it's good.

that is what people are counting on. >> even the unions are defense the tpp deal. this is going to create cheap labor coming into america and it is going to replace american workers who are paid certain amounts that the unions have negotiated those deals. so it all has to do with putting america first. heather: job. >> and ensuring that jobs and good and services are productive in america. heather: one of the first responses to come from one of foreign country was the prime minister of japan. >> that's right. heather: he said it is worthless without america participating in it, the tpp. >> that is absolutely right because america is the most important market arguably. because we're the highest wealth effect. yes you have 300 million people in america versus 1.3 billion in china. not all of those consumers are actually active consumers. you have active 300 million consumers in america. everybody wants to sell with america. if america steps out of this deal that will probably collapse the deal. maybe you see some countries doing deals amongst themselves the other 11

that's what the tpp would have done. it would have included some environmental and labor standards that would have been increased and made enforceable that the context of tpp that was not true in nafta and that potential improvement is on the verge of being cast to the curb, if you will. and that's rather unfortunate, too. so there are significant lost opportunities and it will be difficult, i think, for, frankly, democrats and republicans in congress who oppose the tpp moving forward to justify this action or inaction as the case may be and to lay out some sort of coherent strategy for addressing these concerns. this administration pursued a coherent strategy. we worked for years to negotiate the kind of agreement that would advantage u.s. workers and our broader economy but it looks like that responsibility may fall to someone else. ill think they will have a hard time putting together the kind of coherent strategy with as much promise as the one this administration put forward. >> reporter: i know the president was as

the same with tpp. with a trump administration, i think you have -- you contextualize a potential president trump within the context of the republican party. both parties are split on trade, but on balance, the republican party has been the more pro-free trade party. that may be an unpolitical thing to say in today's environment, but i think that's more in the republican, in the republican genes. the other point i think that's worth pointing out, china is a real challenge to the united states on trade. at aei, one of our scholars who's covered trade for literally 30 years, i think, is as dyed in the wool a free trader as you could ever run into, an economist who's a true believer, and claude has now come out and said continuing to turn the other cheek towards chinese intellectual property theft is not viable. >> guest: and i would just jump in to say that i think -- for example, the net neutrality e-mail which i believe the secretary was described as ambivalent on the issue but, of course, came out very

both candidates have expressed opposition to the tpp deal. is the deal really dead? colleague haidi lun and is standing by with the country's finance minister. how are they positioning themselves on this? the general mood is still optimism going into next week's vote, but australia has a lot of in in the game when it comes to tpp. australia's finance minister. been talking about the two u.s. presidential candidates opinion when it comes to the tpp, are you still optimistic? a lot of people are saying it is dead in the water. >> it is an important agreement that covers 40% of the world's economy, and from australia's point of view, we are quietly hopeful there is an opportunity to pass the agreement through the u.s. congress. world trade and economy would benefit. if it is notappens pass? ?- passed do you work harder to reestablish these bilateral deals? >> that is what we have been doing. we have been able to finalize free trade agreements with china, south korea, japan. we are focused on finalizing a free trade agreement with india. are working with the european uni

right through this election helped to elect donald trump, but trump has not derailed the tpp -- people power united across borders did that." president barack obama is on his final presidential trip overseas this week visiting greece, germany and peru. on tuesday, obama spoke about trump's election in athens. pres. obama: i do believe separate and apart from any particular election were movement -- or movement that we are going to have to guard in a crude sort of nationalism or ethnic identity or tribalism that is built around an "us" and a "them." meanwhile, the guardian is reporting that president obama will not tighten rules governing the u.s. drone assassination program before donald trump's inauguration. the decision will leave trump with the world's most lethal program of targeted killings. the obama administstration said this y year that between 64 4 ad 116 civivilians have been killed in drorone attacks since obama took office. however, monitoring groups estimate t the death toll from drone-related killings is as much as 10 times higher than that estimate. in syria, activists s

the number of countries already starting to ratify tpp. at the same time we're already hearing calls for a less ambitious trade agreement in the region with lower standards, lower protections for workers, lower protections for the environment. that kind of agreement would obviously exclude u.s. workers and businesses and access to those markets. so for all those reasons, i believe that tpp is a plus for america's economy, america's workers, american jobs. i think not moving forward with undermine our position across the region and our ability to shake the rules of global trade in a way that reflects our interest and our values. finally, our cooperation with apec has been critical to our historic progress fighting climate change. bringing the paris agreement into force, agreeing to limit aviation emissions, phasing out dangerous hsc, fossil fuels and countries made new commitments doubling our renewable energy over the next two

trade-off tends to be low value manufacturing jobs. >> reporter: in baltimore, drew greenblatt said tpp would help him add jobs. >> we need new markets to sell to. we need new clients to grow into. >> reporter: but it's an argument that doesn't convince trotter, it's why he supports trump's view on trade. of his top priorities, that's good for you? >> it's good. people got to hold him to do it. he can't just be saying it and not do it, also. >> reporter: one family fearing a way of life is at stake. jacob rascon, nbc news, chattanooga, tennessee. >>> a hollywood star spoke out for the first time on television today about a personal battle with prostate cancer. ben stiller rose to fame in some of the biggest blockbuster comedies of the last couplead serious, hoping to save lives by sending a message, every man should talk to their doctor about getting tested. we get his story from nbc's miguel almaguer. >> reporter: a man of many roles, today ben stiller celebrates one of his most important -- real-life cancer survivor. >> anybody who's had cancer, you know you have to keep on checking o

the stock market has not gone up because of tpp. ultimately, these things are not factored into earnings and growth and monetary policy. they are long-term theoretical economic plans, and the stock markets are much more short-term. why we are taking profits in china, the banks, and properties is because it has had a good run. we have talked about the discount between the a share and the h share. in the bigger stocks, was about 30% to 40%. that discount of a month ago had been narrowed to 50%, but the banks, property companies, which has been helped by money flowing into china, there was no discount. some stocks were at a premium, so it was natural to take profits. given that, you rightly point out that a lot of this will be more about the long-term and the markets will be reacting aret-term, but in the end we breathlessly talking about reactions in the markets when maybe six months from now, there will not be that much of a change? not sure that is the case. going into this event, we have had a good run since the brexit worries. mar

the trade deals, tpp and nafta, wilbur ross came out and said on fox business with maria, some of the aspects of these were just dumb. okay, fine, we don't want to fall into a trap of becoming protection necessaritic, or protectionist, smoot-hawley, which became a protectionist plan which exacerbated what was already severe depression. >> you're exactly right. i don't think we want to become protectionist. i don't think this is where the administration is going to go. trade flows at macro level increase national gdp. they have been very important not only for the u.s. but for our trading partners around the world. the problem is this. there are dislocations in trade deals and, there is did i location that is amplified not only by trade and technology. at the micro level there are some very significant dislocations in specific industries and regions of the country that dislocate workers. liz: of course. >> we have gotten to the point where we need to have a very serious discussion within thisge to rebuild a historic bipartisan consensus on trade that really looks at meaningful trade ad

they very much are committed to tpp. it andd already passed others are well down the road of doing so. all feel it's an important initiative that sets high standards for the region. they will continue to work on that. ofe: when we talked a couple weeks ago decent the strategic imperatives what it would help the u.s. drive the rules for trading the 21st century and keep china from taking the preeminent role. at this meeting the chinese are already moving forward to do that and proposing on free trade agreement that does not include the united states. michael: they have been engaged in some time for leading the economic partnership. 16 countries from india to japan. they have accelerated their work to try to conclude that. it's a very different level of standards then tpp. it doesn't do anything to strengthen environmental protection, intellectual property rights, discipline on government on corporations, whole range of subsidy issues, the additional economy. that's why we've been saying it so important that tpp move forwa