/mexico/canada agreement in a way that it will benefit the united states in jobs and tax revenues. >> that's not what he said. he didn't say he would renegotiate a deal -- >> jon, we've also negotiated a new arrangement with mexico going forward that, when individuals come into this country and come to this country and apply for asylum, they'll be able to remain in mexico while they're going through the judicial process. as i sit here today, democrats refuse to even negotiate to end the shutdown and address the border crisis. and it's time they came back to the table. >> mr. vice president, thank you. thank you for your time. >> thank you, jon. >> thanks. >> and jon, you pressed the vice president pretty hard there and

mexico canada agreement will modernize our trading agreement in north america and create some of the highest standards ever to protect intellectual property rights, support small and midsize business, open markets for agriculture, and increase manufacturing. we hope for its speedy passage through congress. i know mayors have been strong advocates for trading agreements in the past, and i hope your voice of support will be heard again here. the u.s. trade representative has also announced negotiating objectives with europe. we work together with our colleagues to lower tariffs to illuminate not -- eliminate nontariff barriers. president trump is committed to reciprocal trade with the rest of the world. too often, current international rules, foreign nations can impose higher tariffs on our goods. in conclusion, the president's program of cutting taxes, reducing regulatory burdens, and improving trade relations is creating higher economic growth. more jobs and higher wages. our task is to make sure it works for all americans, no matter where they live. i commend you each for your servi

later a discussion on the recent u.s.-mexico-canada trade agreement and that is at 2:45 p.m. eastern and you can watch that today on on c-span3, online at c-span.org or listen with the free c-span radio app. the federal government shutdown overboard while funding a step in its 33rd day. the house will vote on another built to reopen the government and the senate has agreed to take up two vote thursday at 2:30 p.m. eastern to would bring an end to the closures. tamara senators will take votes on both the president's plan to extend daca protection for three years and a democratic proposal already approved by the house. the temporarily opens the government without any new wall funding. both measures will require 60 votes and the prospects for either are unclear at this time. >> we step with the shutdown discussion for the next 30 minutes. kevin erdmann is joining us to talk about the role that housing supply plate in the great recession which was approaching its lowest .10 years ago this month. first, start by explaining just what housing level is. >> guest: a housing bubble is

u.s., mexico, and canada together traded 1.32 in dollars trillion in 2017. just to make a comparison, that amount of trade is equivalent of mexico's gdp. so, it shows. the bilateral trade between mexico and the u.s. is $557 billion in 2017. it is about the gdp of half of the latin american -- if you count each latin american country, this trade is higher than the gdp of most latin american countries. u.s. companies and farmers exported to mexico $243 billion in goods and services, making mexico the second-largest destination in the world for u.s. exports. this is important because for all mexicans, we know since we are born that the u.s. is important for us. but i think for most of the american citizens, and they don't know how important is mexico for the u.s. it is not only on trade the culture.teractions and just for you to know, yesterday roma, thecars, mexican film received the largest amount of nominations. 10. [applause] this is the president and the future of the u.s. film industry and part of the self power not only of the u.s., but of mexico, too. t

. >> we're replacing the nafta disaster with a brand-new u.s. mexico canada agreement. it's called the usmca, like the song, "ymca", right? the u.s. mexico canada agreement, or usmca. like ymca. >> the usmca like "ymca", the song. ymca. ♪ ymc [ laughter ] >> seth: oh, boy. don't let mike pence hear you singing a village people song. [ laughter and applause ] no. [ cheers and applause ] he will attach a car battery to your nads and read to you from leviticus. [ laughter ] seriously dude, you're not the village people, you're the village idiot. [ light laughter ] now, the argument that trump can pay for the wall through a trade deal makes no sense. savings from a trade deal, if there are any, wouldn't go to the government. they would go to businesses. a reporter tried to clarify that with sanders in her press briefing yesterday, but sanders just kept repeating the lie. >> where are the additional monies for this wall going to come from? and why is he asking the american taxpayer for them when he promised mexico was going to pay? >> look, we're not asking american taxpay

-canada-mexico trade agreement. this was discussed at the u.s. conference of mayors in washington, d.c. chatter]ct good afternoon. good afternoon. , mayors. take your seat. a packed house. not surprised. i think all of you for being here. in the mayor of the great city of san diego. q to have you. we welcome also our c-span audience joining us here today. -- great to have you. we have an excellent group, as you know. u.s., mexican, canadian representatives are going to usmcainsights on the new agreement. we are pleased to be joined by mayor crombie, representing the canadian mayors and the federation of canadian municipalities. we will also hear from a friend and colleague in california, robert garcia, mayor of long beach, chair of the ports and exports customers. welcome the deputy united states representative. ambassador mahoney will talk about the recently signed u.s.-mexico-canada agreement, or usmca. and then after ambassador the new we will host mexican abbasid or to the united states, and finally, our ambassador david mcnaughton, who joine

mexico canada agreement. it's called the like the song, "ymca", right? the u.s. mexico canada agreement, or usmca. like ymca. >> the usmca like "ymca", the song. ymca. ♪ [ laughter ] >> seth: oh, boy. don't let mike pence hear you singing a village people song. [ laughter and applause ] no. [ cheers and applause ] he will attach a car battery to yourads and read to you from leviticus. [ laughter ] seriously dude, you're not the village people, you're the village idiot. [ light laughter ] now, the argument that trump can pay for the wall through a trade deal makes no sense. f vings from a trade deal, there are any, wouldn't go to the government. they would go to businesses. a reporter tried to clthat with sanders in her press briefing yesterday, but sanders just kept peating the lie. >> where are the additional monies for this wall going to come from? and why is he asking the american taxpayer for them when he promised mexico was going to pay? >> look, we're not asking american taxpayers for that. the money that would be saved through the usmca deal, we could pa

first we must advance truong new trade deals starting with the u.s./mexico/canada agreement. u.s. marine corps says it's a good deal on must be approved to maintain the relationship with their top two export markets. it must be approved by congress . now that we have struck the deal with canada and mexico, the administration must also make good on its repeated promise to remove the steel and aluminum tariffs that were imposed in the heat of the negotiations. this would be an encouraging sign to all of our other partners, including those that we are currently pursuing for new marketing openings like japan, the eu and the uk. then what about china, the chamber supports the administration negotiation to address china's theft of intellectual property, force technology transfer practices another unfair trade and industrial policy. what we don't support is the development of the trade were me be clear, tariffs or taxes paid by american families and american businesses not by foreigners, apply pressure on china use the tools provided for trade in international laws that we help create. [

irst, we must advance strong new trade deals starting with the u.s./mexico/canada agreement. the usmca, i keep thinking u.s. marine corps, is a good deal and must be approved to maintain the relationship with their top two export markets. it must be approved by congress. now that we have struck the deal with canada and mexico, the administration must also make good on its repeated promise to remove the steel and aluminum tariffs that were imposed in the heat of the negotiations. this would be an encouraging sign to all of our other partners, including those that we are currently pursuing new marketing openings with, like japan, the eu, and the u.k. hat about china? the chamber supports the administration negotiation to address china's theft of ntellectual property, forced technology transfer practices, and other unfair trade and industrial policy. what we don't support is the development of a trade war, which is being developed and waged through mounting tariffs. let me be very clear. tariffs are taxes paid by american families and american businesses, not by foreigners. inst

the u.s.-mexico-canada agreement is going to be on the hill. how that, i don't think anybody here anticipates a lot of problems, but i have a little inkling and my trade experts could probably asuede you of that worry that this nonmarket economy clause inserted into our deal with mexico and canada could become a precedent for other relationships and that, of course, would cause challenges in tokyo. and i'm not sure in the u.s.-japan trade talks, are we on new ground? are we on common ground or see differences in the objectives? so trade is going to be on top of our agenda this year. asia's major power dynamics, i think, again, i've already alluded to this, but i think japan-- the japan and united states are pretty much on the same page on china. i heard so many of my japanese colleagues commend the speech by vice-president pence, saying finally the united states is getting tough on china. but of course, there are many others around the region who didn't welcome the pence speech so warmly. so, again, we have to be careful of high expectations an

first, we must advance truong deals startinge with the u.s./mexico/canada agreement. usmca, i keep thinking u.s. marine corps, is a good deal and must be approved to maintain the relationship with their top two export markets. it must be approved by congress . now that we have struck the deal with canada and mexico, the administration must also make good on its repeated promise to remove the steel and aluminum tariffs that were imposed in the heat of the negotiations. this would be an encouraging sign to all of our other partners, including those that we are currently pursuing for marketing openings with, like japan, the eu, and the u.k. what about china? the chamber supports the administration negotiation to address china's theft of intellectual property, force d technology transfer practices, and other unfair trade and industrial policy. what we don't support is the development of a trade war, which is being developed and waged through mounting tariffs. let me be very clear. tariffs are taxes paid by american families and american businesses, not by foreigners. inst

first, we must advance strong new trade deals starting with the u.s., mexico, canada agreement. i keep thinking the marine corps is a good deal. it must be approved to maintain relationships with our top 2 export markets, it must be approved by congress. now that we struck a deal with mexico, the administration must also make good on its repeated promise to remove the steel and aluminum terrace that reposted in the heat of the negotiation. this would be an encouraging sign to our other partners including those who are currently pursuing new market openings in the uk. what about china? the chamber supports the administration's negotiations to address china's intellectual property, and other unfair trades and industrial policies. what we don't support is the development of a trade war which is being developed through mounting tariffs. let me be very clear. terrace art taxes paid by american families and american businesses, not by foreigners. instead of undermining our own economy, let's work with our allies to apply pressure on china and use the tools provided by the u.s. trade a

-canada-mexico trade agreement. this was discussed at the u.s. conference of mayors in washington, d.c. chatter]ct good afternoon. good afternoon. , mayors. take your seat. a packed house. not surprised. i think all of you for being here. in the mayor of the great city of san diego. q to have you. we welcome also our c-span audience joining us here today. --

first, we must advance strong, new trade deals, starting with the u.s./mexico/canada greening. the usmca -- i keep thinking it's like the marine corps. -- is a good deal it must be approved to maintain the relationship with our top two export markets. it must be approved with congress. now that we struck the deal with canada and mexico, the administration must also make good on its repeated promise to remove the steel and aluminum tariffs that were imposed in the heat of the negotiations. in would be an this an encouraging sign to all our other partners, including those that we're current pursuing new marketing openings with, like japan, the eu and the uk. and then, what about china? the chamber supports the administration's negotiations to address china's theft of intellectual property, forced technology transfer practices and other unfair trade and industrial policies. what we don't support is the development of a trade war which is being developed and waged through mounting tariffs. let me be very clear. tariffs are taxes paid by american families and american businesses, no

/mexico/cana u.s./mexico/canada agreement through congress, which i think is possible. but it's going to be labor-intensive and time consuming. particularly for the senior -- political officials at usgr. so that's going to take time away from other things they could be doing. i can see the japan negotiation moving along. maybe finishing everything which japan tends to take a long time. so i -- maybe longer than a year. europe, same thing. they can't agree on the parameters yet. what they -- what trump and junker agreed to in july was no agriculture, immediately followed by ambassador lighthizer saying agriculture should be in, ignoring the fact that the president left it out. and they continued to argue about that of the . so we'll see how that plays out. that's going to take a while, i think. and if it's ever resolved, it will not be a simple negotiation. it should be, because there are so many common interests at stake on that. just like there were on t-tip. but it's -- it's going to be very difficult to bring that to, i think, right now, any kind of a conclusion. and

the u.s., mexico, canada trade deal. ending the iranian nuke adeal. top accomplishments 2018. when he moved the u.s. embassy to jerusalem. smashing isis. increasing the jobs. the lowest numbers unemployment numbers for minorities. keeping members of the migrant caravan are from pouring into the country. we can't forget, this is my favorite. america is now the largest oil producing nation nut bolder. not russia. not saudi arabia. the and that doesn't include the pipelines being increased. that doesn't include anwr. that will be malls of high paying jobs. the keep state we already neuro hillary clinton play multiple felonies and violated espionage act we know she obstructed justice. we know she descroifd subpoenaed emails, erased hard drives u broke up phones and blackberries and iphones, he is et cetera with with a hammer. we've know people purposely rig you had the regulation to give her a pass that nobody else in america would ever get. that is not good for america. that's what we are asking tonight. is it dangerous? the answer is obvious. now, all of this allowed hillary to

that has done good not just for the u.s. but also canada and mexico. uphas brought the labor jobs

-mexico canada agreement which included the first currency chapter and the trade agreement. we also reached an understanding with south korea on currency stability and transparency at the time of the update of the u.s.-korea free trade agreement. argentina's new free trade program includes a nominal monetary anchor and an important commitment to leaving currency intervention unsterilized. those are approximatepolicies t stopped argentina's currency crisis by expressly limiting the growth of the monetary base. a policy that the united states strongly supported the central bank was able to arrest the precipitous decline in the exchange rate and the authorities there are on tracks to reduce interest rates and inflation very significantly supporting growth. at the g-20 summit, just concluded, president trump promoted economic prosperet in the western hemisphere through the america initiative and that's the americas grow initiative. one key element of this initiative is to deepen u.s. commercial ties with latin america in energy and infrastructure. in 2018, the united states sign

the u.s., mexico, canada trade deal. ending the iranian nuclear deal. top accomplishments 2018. when he moved the u.s. embassy to jerusalem. smashing isis. increasing jobs. the lowest numbers, unemployment numbers for minorities. keeping members of the migrant caravan from pouring into the country. we can't forget, this is my favorite. america is now the largest oilut producing nation in the world. not russia. not saudi arabia. the united states of america. that doesn't include the pipelines being increased. that doesn't include anwr. that will be millions of high-paying jobs for our fellow americans. third, forces of hate. the deep state. we all know that hillary clinton committed multiple felonies and violated the espionage act, we know she obstructed justice. we know she destroyed subpoenas emails, raised her dress, broke up phones and blackberries and et cetera, with a hammer. we also know powerful people in the fbi and the doj purposefully raided the investigation to give her a pass that nobody else in america would ever get. that is not good for america. that's what we are

-mexico canada agreement called the usmca. that is a whole different world. [applause] was onet trump: nafta of the worst trade deals ever made by a country. it killed our country. this will increase imports from weeds, chicken from georgia, dairy from wisconsin, product from farmers and ranchers all over our country. as part of the usmca, canada agreed to give their treatment to american wheat farmers. they will now great american wheat -- grade american wheat just like they do their own wheat. much, that does not mean but to farmers it means a lot. that is what they tell me. i say what can we do? they say "wheat." even the nfl was having a hard time with canada. it had to do with the super bowl. i heard about it and i asked about it. it was a lot of money but it was tiny compared to the overall deal with canada and mexico. it was one of the things, you have to treat them fairly. we had the dispute over the national anthem. that seems to have worked out properly. that is great. i give them credit for that now. listen, when you go to canada, you have to ask f

/mexico/canada trade agreement. that hasn't even been ratified yet by congress. and so there's a serious problem here. in the meantime, the u.s. taxpayer is going to have to pay for that wall. >> right. and what's interesting is that -- whenever he runs into a wall, where he can't get the funding, he comes up with a new mechanism of funding. even if this had gone into effect, there is no legal way he could have this trade agreement pay for the so-called wall that he wants to build on. which, by the way, let's all acknowledge, it's not really a wall. it's kind of a wall. you know, and other things. if you go back two years ago, he also told us that he was going to stop repatriation of about $25 billion back to mexico. this is when people who live here send money back to their family and that money is going to pay for the wall. that didn't happen either. what's happening is that donald trump is moving so quickly and saying so many things that the american public fund it very hard, let alone us, to digest what he example means. >> when he was answering reporters' qu

-mexico canada agreement called the usmca. that is a whole different world. [applause] president trump: nafta was one of the worst trade deals ever made by a country. it killed our country. this will increase imports from -- it will increase exports of wheat from montana chicken from , georgia, dairy from wisconsin, product from farmers and ranchers all over our country. as part of the usmca, canada agreed to give their treatment -- fair treatment to american wheat farmers. they will now great american wheat -- grade american wheat they will now grade american wheat just like they do their own wheat. [applause] to me, that does not mean much but to farmers it means a lot. that is what they tell me. i say what can we do? they say "wheat." even the nfl was having a hard time with canada. it had to do with the super bowl. i heard about it and i asked about it. it was a lot of money but it was tiny compared to the overall deal with canada and mexico. it was one of the things, you have to treat them fairly. we had the dispute over the national anthem. that seems t

canada mexico agreement is purportedly paying for this wall but none of that is in fact true and most democrats are saying look we do have one point three billion in border security funds in the package that the house passed last night and it is the same package that the senate passed three weeks ago and the president is still not accepting that a wall street stocks surged high on friday to finish a volatile week on a positive note uncertainty on global markets has come partly from another trump policy his trade war with china reynolds looks at how u.s. finances are shaping up at the start of the new year. stock markets swinging wildly. a bruising global trade war and slowing growth worldwide so what's in store for twenty nineteen veteran forecaster locke's mana chewton studies leading economic indicators he says slow downs are part of capitalism upswings and downswings accelerations and d. celebrations are inevitable that's part and parcel of a market oriented economy. but that cyclical slowdown is worsened by policy decisions particularly the trumpet ministrations tariffs on foreign

e secondect a rocky road for the new u.s. mexico and canada trade deal. themc will need approval by congss next year. but so far democrats have been g skeptical looor stronger labor and environmental protections. finally bilateral trade deals. look for the trump administration moving forward on bilateral deals with other countries. trade talks with japan and european union may ramp up if they go wl that could put the brake on the threat of new auto tariffs. tht administration could l duties on foreign steel and aluminum. one thing is clear. trump sees tariffs as a way to gain the upper hand in negotiations. for nightly business report, i'm ylan mui, washington. >>> trade and china are te wined which is why developments in the world's second largest economy are closely watched by investors around the gleb. eunice yoon in ij beijing. >> the trade war dominated market sentime in year. and ubt whether the u.s china work out a trade deal will be a major theme in 2019. the tariffs truce between esident trump and xi expires march 1st. beijing could replace the m

canada mexico agreement is purportedly paying for this wall but none of that is in fact true and most democrats are saying look we do have one point three billion in border security funds in the package that the house passed last night and it is the same package that the senate passed three weeks ago and the president is still not accepting it. heads to the middle east next week the investigation into the murder of john. is expected to be on the agenda when he meets saudi leaders will also be seeking help from allies to make more of an effort to maintain security in the region davis that will include the united arab emirates egypt and qatar also in jordan as well from washington. eight countries eight days not much time for sleep a lot has been packed into the secretary's agenda not only is he going to be putting pressure on riyadh to elevate its credibility about the story that it has been telling about the murder of the journalist jamal khashoggi it's also going to be putting pressure on all eight countries that he is visiting to was do more to try to withstand the influence of iran

the u.s.-mexico-canada agreement is going to be on the hill. i don't think anybody here anticipates a lot of problems but i have an inkling and my trade experts here could probably assuage you of that worry that this nonmarket economy clause that is inserted into our deal with mexico and canada could become a precedent for other relationships and that of course would cause challenges in tokyo. i'm not sure on the u.s. trade talks. will we continue to see this disdense in terms of objectives. all this remains to be seen. trade is going to continue to be on the top of our agenda this year. asia's major power dynamics, i think, again, i've already alluded to this but i think japan and the united states are pretty much on the same page on china. i heard so many of my japanese colleagues commend the speech by vice president pence saying finally the united states is getting tough on china. but of course there are many others around the region who didn't welcome the pence speech so warmly. so again, we have to be careful of high expectations and conti

the u.s. mexico-canada agreement is on the hill. how that -- i don't think anybody here anticipates a lot of problems. but i have a little inkling and my trade experts here could assauge you of that worry that this non-market economy clause inserted into the deal with mexico and canada could become a press den for other rice lakes that would cause challenges in tokyo. and i'm not sure in the u.s. japan trade talks. are we on new common ground or will we see the disnancy in terms of object he was? all remains to be seen. frayed is kinning on the top of the agenda this year. asia major power dynamics wsh i think, i alluded to this. the japan and the united states are pretty much on the same page and china. i heard so many of my japanese colleagues commend the speech by vice president pence, saying finally the united states is getting tough on china. but of course there are others around the region who didn't welcome the pence speech warmry. we have to be careful of high expectations and coordinate the relationship as best we can. agai

later mayors host a discussion on the u.s.-mexico-canada trade agreement. that's live at 2:45 eastern also here on c-span 3. >>> the legend grew up that he was this bad kid running ack

and later the mayor's host a discussion on the u.s. mexico canada trade agreement. live at 2:45 eastern. also here on c-span3. >>> coming up this weekend on book tv, on sunday, robert riech discuss his book just giving which philanthropy is failing dpkz and how can it do better. at 9:00 p.m. eastern on wfr ards. stephanie land discusses a path from working at a maid to becoming a journalist with her book maid. hard work, low pay and a mother's will to survive. >>> watch book tv this weekend on c-span 2. >>> florida has six new members in its congressional delegation for the 116th congress. voters elected republican rick scott to the u.s. senate. coming off of two terms as the state's governor. earlier in his career senator scott was a health care industry executive. running a company that operated hospitals around the country. and later he was a venture capitalist. and former health and human servicess second dana shalala was elected to the house since serving in the clinton administration she has been president of the university of miami and president of the clinto

canada mexico trade deal there's a lot of speculation that democrats would be opposed to what the president wanted she said this has been a lower temperature conversation and praised robert lighthizer. that was a positive signal on an issue that long-term may be more significant to markets and that's the three country trade deal to supplant nafta. >> let me understand correctly possible in this would-be compromise is the idea that defense department money would be available to build border structures on defense department or government-owned land did i understand you >> the defense department has been telling congress over the last several months that they are exploring their authority to use defense department money on defense department owned land. for example, on the gold water range in arizona it's about 30 miles, for example. they have done a feasibility study of a border structure on along the gold water rain. it's possible that that could be some of the new law that they're talking about. but the congress in this deal, i believe, will not authorize money for a new wall that doesn't m

-mexico-canada agreement we believe it's really going to benefit small and mid-sized customers, and we'll be able to help them deal with that >> david, what about disruptions from the weather i mean, you and competitors amazon had to suspend all sorts of deliveries because of the frigid temperatures in the midwest. how big of a deal is that going to be, and how much of a delay >> you know, it's -- it's not as big a deal as you would think. now certainly a big deal that as cold as the weather is and in -- and our people have just dealt with weather for years and years, so we have a pocket full of zip codes, you know, a couple hundred maybe that we're not going to be able to reach because of weather, whether there's curfews set by the government or something, but overall our network is running and it's running quite well so we'll be okay getting through the next couple of days. a real testament to our people though my hat is off to them for what they are doing >> david, the debate continues to rage about the effectiveness of last year's tax reform, tax increase significantly capital expendi

/mexico/canada trade agreement. that's scheduled to get started at 2:45 eastern. live on c-span 2. >>> later this afternoon, bob schieffer moderates a forum on the consequences of the u.s. military withdrawals from syria and afghanistan. live coverage beginning at 4:30 p.m. eastern, also on c-span 2. >>> live, february 3, super bowl sunday, at noon eastern, author and sports writer dave zirin is our guest of in depth, and author of many book, what's my name fool, a people's history of sports in the united states. game over, how politics has turned the sports world upside down, and his most recent, jim brown, last man standing. >> now, i love sports. and that's why i think we need to fight for sports. we need to actually reclaim them p. we need to take sports back. and if we're going to do so, what we need is we need to know our history. that's our greatest ammunition this this fight. we need to know our history of the athlete, the sports writers and the fans who have stood up to the machine, if no other reason than knowing this history i think allows us to look at

/mexico/canada agreement in a way that it will benefit the united states in jobs and tax revenues. >> that's not what he said. he didn't say he would renegotiate a deal -- >> jon, we've also negotiated a new arrangement with mexico going forward that, when individuals come into this country and come to this country and apply for asylum, they'll be able to remain in mexico while they're going through the judicial process. as i sit here today, democrats refuse to even negotiate to end the shutdown and address the border crisis. and it's time they came back to the table. >> mr. vice president, thank you. thank you for your time. >> thank you, jon. >> thanks. >> and jon, you pressed the vice president pretty hard there and you also asked about this idea the president might declare a national emergency to go around congress if they can't negotiate a deal. >> reporter: yeah, and he said the president is considering that, as we've heard from the president, that they are looking into that. but i pressed how would that work? and does the president really believe that he could build the wall wi

canada mexico agreement will create some of the highest standards ever to protect intellectual property right, support small and mid-sized businesses, open market force agriculture and increase manufacturing. we hope for its speedy passage through congress. i know that mayors have been strong advocates for trade agreements in the past, and i hope that your voice of support will be heard again here. the u.s. trade representative is also announced negotiating objectives with europe. we work together with our colleagues to lower tariffs, to eliminate nontariff barriers. president trump is also strongly committed to reciprocal trade with the rest of the year, world. too often, current international rules, foreign nations can impose substantially higher tariffs on our goods. in conclusion, the president's program of cutting taxes, reducing regulatory burdens, and improving trade relations is creating higher economic growth. more jobs and higher wages. our task is now to make sure that it works for all americans, no matter where they live. i commend you each for your service, to your communit

canada mexico agreement is purportedly paying for this wall but none of that is in fact true and most democrats are saying look we do have one point three billion in border security funds in the package that the house passed last night and it is the same package that the senate passed three weeks ago and the president is still not accepting it hasn't really faced any real resistance until now you know the democrats control the house now it seems that is the negotiating skills will truly be put to the test do you see that there could be any cracks in the republican side because they do watch there are members of the republican party that actually do want to move forward. absolutely in fact i think one of the things that was telling was that i believe it was seven house republicans voted with the democratic party in those appropriations bills that were passed last night it's also true that we've seen senators who are up for election in two thousand and twenty and that are running in competitive states like colorado senator cory gardner and susan collins of maine even joni ernst of iowa

canada mexico agreement is purportedly paying for this wall but none of that is in fact true and most democrats are saying look we do have one point three billion in border security funds in the package that the house passed last night and it is the same package that the senate passed three weeks ago and the president is still not accepting it. wall street stocks are higher on friday to finish up volatile week on a positive note that's after trump said more progress in the trade war between the u.s. and china the tensions have dragged on for nearly a year slowing business and speaking stock markets worldwide and also looks at how u.s. finances are shaping up at the start of the new year. stock markets swinging wildly. a bruising global trade war and slowing growth worldwide so what's in store for twenty nineteen veteran forecaster locke's mana chewton studies leading economic indicators he says slow downs are part of capitalism upswings and downswings accelerations and d.'s celebrations are inevitable that's part and parcel of a market oriented economy. but that cyclical slowdown is w

mexico canada agreement, larger companies know how to export, you know from one country to the other, but the world benefit in this case was small and mid sized companies when nafta was originally negotiated there was no e-commerce people didn't refer to it as such, this agreement has specific chapter around that a step in the right direction. >> even unions were happy with usmca actually you are right. >> there are, i think a lot of people no i like anything else you are not going to make every one happy, of course, but i think, especially when you compare to the downside which would have been no agreement, this is a big step, and we look forward to seeing it ratified, in all three countries. >> has the government shutdown impacted your business at all just yet? >> you know it has not had any directs operational impact our clines are not being affected or anything like that, we do have empathy, of course, for people that are not being paid and we hope this gets resolved quickly, i can tell you though we haven't economic impact but longer it continues you have to wonder because of num

/mexico/canada agreement to secure markets in trade ties to produce jobs for the united states. on the international front, we should work closely with the new government of brazil to restore the regional anti-drug alliance. we must increase asymmetrical measures to attack transnational organized crime threat. more investigators, more prosecutors, more intelligence and legal authorities are needed to sanction and punish kingpins and choke off cash to the criminal operations. we should work with our neighbors to confront the narco state with the criminal network. we should help, continue to help columbia eradicate coca and secure the border in venezuela but finally, investigate, expose and counter activities by cuba, russia and china abetting other criminal activity in the americas. we have a lot of work to do obviously. thank you very much for your attention. >> thank you. >> thank you, chairman, and ranking member durbin for the opportunity to appear before you today to testify on the threats posed by mexican tcos to the national security and u.s. and mexican efforts to cartel

would it will result in five billion dollars being taken out of mexico and then going into the u.s. government coffers then the president goes on to tweet much of the wall has already been fully renovated or built another inaccuracy because nothing of the wall that he ham paint on has had any action besides prototypes being built the routine maintenance and expansion of the current border fencing was approved under previous administrations and then he goes on to tweet about the five point six billion dollars that he still wants democrats to give in order to reopen this partial government shutdown so it's an interesting way to speak in this day right after he has invited bipartisan leaders to the white house to do these so-called negotiations when he's obviously digging in into his own demands and it still remains to be seen whether those democratic leaders will even accept the invitation at all or not and as of tomorrow as we've already mentioned of cools the democrats take control of the do we know what their plan is how do they plan to deal with this particular issue. yes they hav

. , you have seen mexico and canada come to the table with the u.s. and reach an , so generally speaking, it will probably be a good thing going forward. rishaad: mark, please stick around with us. mark mobius from mobius capital partners. this ridesharing company has closed a $2 billion round, giving it a $9.5 billion valuation, according to techcrunch, all this as this company is trying to expand in southeast asia. it is appealing a filipino decision to block its entry there. we have no share price reaction. david: coming up, we will pick it back here. aboutobius will talk more commodities, where he will be placing his money. later on, salary trends. rishaad: we will be joined by our guest, discussing bonus cuts of the big banks and revealing trends for the year ahead. ♪ david: welcome back. let's look at oil prices. brent, the first weekly lost in four, investors when the outlook for trade talks. again in the u.s. inventories. and, well, venezuela. rishaad: growing instability there making opec's task of rebalancing the market complicated. if was

millions of monarchs migrate from the u.s. and canada each year to forests in mexico. scientists warn that the increase doesn't mean the butterflies are out of danger, though. >>> nfl commissioner roger goodell breaks his silence about a referee error, and new allegations in an oxycontin lawsuit. those are some of the headlines on the "morning newsstand." "pro publica" reports un-redacted sections of a lawsuit allegedly show the maker of oxycontin explored expanding into anti-addiction markets while trying to boost sales of the addictive drug. massachusetts is suing purdue pharma company executives and members of the family which owns the drugmaker. they're accused of creating the opioid epidemic through illegal deceit. "pro publica" says internal correspondence shows company executives discussed how the sale of opioids and treatment of opioid addiction are linked. purdue pharma acknowledged it was considering trying to sell drugs combating addiction, but it says the lawsuit is filled with inaccurate allegations. >>> "the louisville courier journal" says senator rand p

trump has been very tough against china, but so far against canada, mexico, the eu, and japan, the u.s. has been less tough which is -- which is good. but the u.s., eu, and japan need to make concerted efforts to work on china to induce changes in china. so the u.s. must work with the eu and japan and other like-minded countries. and also they have to work together to implement wto reform in an effective way, but of course this process will have to involve china. and japan and other tpp-level member countries will start membership expansion, and japan, china, and other members will likely reach an early conclusion of rcep this year. and japan contributes to the u.s. economy by keeping to try to convince the u.s. that the free and multilateral trading system is the best. by purchasing goods from the u.s. and investing more in the auto and key manufacturing sectors in the u.s. and of course, japan and the u.s. share a lot of common interests going beyond bilateral trade. china's change, china's reform, north korean issue, and free and open indo-pacific initiative to give economic substan

. >> they are paying for it with the incredible deal we made between united states, mexico and canada. the u.s. mca deal. >> u.s. mca, that's the trade deal that president trump hopes will replace nafta. enrique pena nieto signed the deal in november. with democrats running the show in the house, there's no guarantee that it will. remember, any direct benefits of the deal will be reaped by individuals in the u.s. and american companies. not the u.s. government directly. and the white house argues that more money for american companies mean more tax revenue. sure. but it would be nearly impossible to track which dollars are the direct result of the new trade deal. and it's up to congress to allocate the money at the end of the day, anyway, and we see how that's working out. bottom line, when the president claims he never said mexico would write a check for the wall. he didn't just say it, he wrote it down in detail. and when he says the new deal will pay for the wall, it won't. >> and now the human cost of this shutdown. anna coy is with us now. from the consumer agency. thank you for

ow we have the u.s. -- the usmca, the united states, mexico, and canada trade agreement. it's brand new. it's totally different. it makes it very difficult for ompanies to incentivize -- incentive-wise move to other countries and we'll be making billions and billions of dollars a year more money. that is paying for the wall. many, many, times over. in fact, what we save on the new trade deal we have mexico and canada, what we saven of that just with mexico will pay for the wall many times over just in a period of a year, two years, three years. so i view that as absolutely mexico is paying for the wall. and that's fine. > will you be pressuring -- president trump: yes, ma'am. reporter: you ran your campaign saying the wall would be paid for by mexico and it would be made of concrete. right now you're saying the wall could be made of steel and the government is shut down because you want the taxpayers to pay for the wall. president trump: a nice question, beautifully asked, i just answered it. reporter: you did not answer -- president trump: i just told you, we'll take in

or smuggled through canada or mexico. trump has addressed the root of this problem, actually, by pressing the chinese government to crack down, a far more effective strategy than building a barrier across the mexican border. and while the southern border is the conduit for most of the heroin entering the u.s., it typically comes through legal points of entry hidden in cars or mixed in with other goods or tractor trailers. so a wall would do nothing or little to stanch the flow. and yet the power of the presidency is such that trump has been able to place this issue center stage, shut down the government, force tv networks to run an oval office address. this sounds like something that would be done by presidents putin, erdogan or sisi, no the by the head of the world's constitutional republic. in the past when the u.s. government has created this sense of crisis it has almost always been to frighten people, expand presidential powers and muzzle opposition. to warnings about saddam hussein's arsenal, america has experienced

or smuggled through canada or mexico. trump has addressed the root of this problem, actually, by pressing the chinese government to crack down, a far more effective strategy than building a barrier across the mexican border. and while the southern border is the conduit for most of the heroin entering the u.s., it typically comes through legal points of entry hiding in cars or mixed in with goods on tractor-trailers. so a wall would do nothing or little to stanch the flow. and yet the power of the presidency is such that trump has been able to place this issue center stage, shut down the government, force tv networks to run an oval office address. this sounds like something that would be done by presidents putin, erdogan or sisi, no the by the head of the world's constitutional republic. in the past when the u.s. government has created this sense of crisis it has almost always been to frighter people, expand presidential powers and muzzle opposition. to warnings about saddam hussein's arsenal, america has experienced perio

it was signed in 1992 but each of canada, the u.s. and mexico had to have their legislative branch ratified these agreements. that was something that was in the united states for bill clinton to do. there was a lot of polarizing opinions on nafta. --rge brown was excited incited about whether he would vote for it or not. there was a lot of both sides tried to convince him of other way -- either way. of here, we have a very small sampling of the documents that he was being sent. different greetings from different agencies and different groups. they are all talking about nafta. the collection is a great resource for anyone trying to learn about it. we have boxes of briefings and opinions and information about it that was sent to him in order for him to make that decision. becauseort of undecided he did not want businesses in the united states to move from the united states to countries like mexico at the time. ofid not have as strong labor and environmental laws. -- they did not have as strong of labor and environmental laws. that was w