-mexico border when it relates to new mexico? alex: if you are talking culture, i like to joke with tourists and visitors that my whole life i have heard about this international border and state borders, that i have never seen them. they have shown them to me on paper, but i have never seen them. what i mean by that is if you are born and raised in this community, this el paso/las cruces immunity, and it may be true for other communities, anglo and hispanic like, we're interwoven, interdependent and intermixed, we are really, really tight. it's a cross-cultural community. movement between the two countries has always been easy. historically it has been pretty fluid and easy-going. there are a lot of people who have family on both sides. people have been here longer than the borders and the ties and the relationships go back when the borders have been moved. the borders have been moved and changed, but the people and relationships have pretty much stayed the same. you will have families in this -- and we are talking 150 years ago

pero no dijo que lo pagarÍa mÉxico. una de los temas que mÁs motiva son los ataques contra los indocumentados. se espera que mÍa que se acerque la fecha de las elecciones condicionales los ataques aumenten en intensidad. patricia: el fÉretro del senador john mccain llego esta noche a la base el maryland . sus restos partieron de phoenix en arizona donde despidiera-- donde lo despidieron como un hÉroe. a partir de maÑana se le rendirÁ un homenaje en el capitolio nacional en washington y al dÍa siguiente habrÁn servicio en la catedral nacional para finalmente hacer sepultado el domingo en la academia naval estados unidos >> segÚn cifras oficiales lo mexicano son el grupo de inmigrantes con la mayor cantidad de deportaciones pendientes en estados unidos y deportaciones acumuladas. cientos de miles de casos atorados en cortes de migraciÓn que estÁn abrumadas por la polÍtica de persecuciÓn. nos dicen cuÁles son los estados con la mayor cantidad de estos casos. reportero: cuando deportaciones se tratan lo mexica

system inart of the new mexico. this building here was where the noncommissioned officers stayed, sergeants and corporals and they would be responsible for the men who would be crammed into this space here, so this is the andacks for the enlisted in , itsefore was started first life was 16 years. , are were two companies here calvary company and an infantry company. inre was room for 75 men each barracks, so very tightly packed. they slept in bunk beds. thearmy had a standard for amount of air that was supposed to circulate. meet that standard. i would guess we are in the mid imagine it will -- it would have been brutal to have stayed here. enough wasstingly in a lott that engaged of battles with native americans. they were a believe only three that died in any sort of engagement, so it was probably in addition to being hot and uncomfortable, it was probably pretty boring. they did a lot of maintenance homework. in its one of the really significant things that this four days was provide safe travel for people and yo

and mexico. saying he is going to speak to donald trump on nafta and mexico aims to conclude a trilateral nafta this week. what are you hearing? yesterday, asted of the weekend and friday night, mexico and the u.s. were poised to reach a deal. we were not sure about the timing but we had reported it would be as soon as today. we were able to confirm this morning that they have reached a deal to resolve issues between the countries. that leaves canada needing to come back to the table. a trilateral deal, there are provisions like dispute settlement and the automatic expiration and both mexico and canada have insisted it remain trilateral despite u.s. preference for a bilateral deal. we are looking for signs of wing canada might come negotiate. vonnie: let's get to josh in ottawa. to a tweet, he spoke with justin trudeau about the state of nafta. mexico is hoping canada will join. what does canada need to agree to jamaica's happen? agreed to make this happen? needs to be that canada needs to remind

mexico steel lobby may hold up the deal. it does not understand how mexico to accept the nafta update without resolving the u.s. section 232 tariffs on steel. the lobby wants mexico steel to be exempt from the global tariffs before they will allow the signing of the nafta deal. i'm just going to keep my eye on the dow. mark it up 68 points now. we'll see if that affects anything. but they got 90 days before this is supposed to at least be signed. you know we have a new mexican president coming in at the end of november. so, could this be a black swan event? we don't know, but one global financial giant flagged to the one but 60 black swans on the horizon. nomura put out a list of 60 events happening globally over the next several months that are not priced. looming government shut down looming in the u.s. elections november 6th, "brexit" day next march. but that is only four. get to traders on the floor show. matt cheslock, kiar seeing a record close in 30 minutes if we see numbers hold for the nasdaq, s&p, russell. one or t

and mexico. thena is "encouraged," but there is china. how optimistic or pessimistic argue that we are going to get some resolution for any of these by the end of this year? david: i think we are going to get something, and talking is better than some of the rhetoric we have had heretofore, but again, we do not know the details. canada, and about the china situation is much more, i think, of a strategic issue, so we have seen a cooling in that. you are think we are going to get something? i think a lot is going to be dependent on what is going on in washington. i mentioned the midterm elections. i do not mean to say we do not know, but we don't. we have the midterm elections, we have got some of the other political issues that are going on with the trump administration that may prove to be a big distraction to all of this. we approach this with trump's rhetoric is this. he is a bit more optimistic. we do not know where china is on this, so they are much more low-key. we do not have a sense of whe

he got that, but dou btless to mexico. he got that, but doubtless mexico also got some things. so still more details to emerge. as you say, for both sides, this relationship is so important. manyjobs in the us and mexico depend on it. when he talked about ripping up nafta, there were real concerns about that. huge concerns. you know, across all three countries i think. obviously canada is still to come on board, and we'll have to see whether they can make that up between now and november. obviously november an important month because of the midterms looming in the united states, because mr pena nieto steps down in mexico in december. but, yes, you know, that is a key thing. it's the jobs. yes, you know, that is a key thing. it's thejobs. i know yes, you know, that is a key thing. it's the jobs. i know the yes, you know, that is a key thing. it's thejobs. i know the incoming president here in mexico, manuel lopez of brittle, is strong on trying to protect those so he was all for redrafting nafta, but from the mexican perspective, improve conditions and wages for ordinary mexican

from mexico. the immigration and customs enforcement recently, for example, hasworked with mexico -- has worked with mexico on its own southern border to deter central american immigrants from coming into mexico who are headed to the u.s. and to turn those immigrants back around. the drug enforcement administration has a long history in mexico since the 1970's, and has sent dozens of undercover agents. the drug enforcement administration has more agents abroad around the world than any other federal agency of our country. most of those foreign agents are in mexico. we have dozens of dea agents all over the country helping that government, helping the military, helping the mexican federal police force dismantle drug cartels. and we do that in ways we do not always talk about because mexico is very protective of its sovereignty and does not like to talk publicly about the ways it has allowed american law enforcement to operate on its territory. we are there in big ways. brian: there is a big politic

and mexico? >> well, i'm certainly hopeful we get a good agreement, the agreement is 25 years old and needs to be upgraded so i have my fingers crossed that we've done a good job and are going to get to nafta 2.0. >> in terms of negotiations between the u.s. and canada, what do you see as the biggest sticking points, and do you think those negotiations can be hammered on and hammered out quickly? >> again, my hope is that there's so much benefit for all three nations to keep synchronized supply chains intact we have so many jobs and our economy is so hinged to the north american competitiveness that i hope we keep going. canada will want some things the united states has indicated it cannot give. and i don't know, we're all just guessing canada wants to keep chapter 19 which deals with bilateral disputes over anti-dumping, and counterveiling duties. canada wants that out. and on chapter 11, the investor state dispute settlement, we'll see what happens with that i don't know what happened in the n

are using mexico to get to a are using mexico to get to the u.s.. mexico is a partner to the u.s. in trying to stem the flow of third country nationals into the u.s. stopping mexican people from moving is not something they can do. they do respond and they do want to be helpful in ways they can. they have tried and they have put money into it. we have given the money to help. again, the two countries are artners. brian lamb: how many americans have been killed because of mexicans -- mexican cartels send drugs to the country ? where do they get the drugs in the first place? ginger thompson: the number of drugs death in this country has been soaring in the last couple of years. a lot of the addiction problems in this country -- the source of the addiction problems in this country is an issue that has been under great debate. not only -- the role not only played by mexican cartels, which is significant, but the role played by prescription drug companies in this come -- country. both are significant. the fact that mexican cartels move drugs into this country israel -- is real and a pr

mexico and the u.s. have agreed to. dairy.o for sure. donald trump wants to blow apart canada's dairy system. that is a non-start for justin trudeau. we are still waiting to see whether the u.s. will water down its proposal. david: thank you. no more skirting salt is the next tory, from dairy to salt. cyrus making a move to block states from edging state and local tax reductions at federal lubitz -- federal limits. especially those previously awarded with tax credits, putting an end to the work around. we welcome our tax reporter. i hope he can explain it better than i did, laura. i understand people in various states are saying, let's get around the limits. >> remember the tax law change last december, where congress basically said, you can only deduct $10,000 of your state and local taxes. previously, it was unlimited. new york, connecticut and new jersey said, here is what we can do, convert the tax payments to charitable deductions, get a tax write up from the state, as well as a deduction on federal

i think i'm lou is a familiar face in mexico. and this and that is my new oil has been around in the political scene for as long as i can remember. he is a person that has committed his life to politics. in one side or the other three institutional channels. the p.r.i. the p.r. . and now martin so he's a familiar face to we are very these ones being the old establishment party but he's not. a new liberal is subgoal in there mark well what happened back in the late eighty's is that we had the first. separation between two groups in the right the p.r.i. was a party that basically ruled mexico for seventy five years since. the revolution. and it was it was found that the d.n.r. actually my great grandfather founded the pm. pentagon man would protest. and be an art was a solution that was created by the various generals fighting in the revolution to buy basically govern with stability. in a pacific way done let's not kill each other let's just organize a political party let's discuss things within the political party but once we reac

new mexico has a strong agriculture industry. up next, we take you around the museum to learn how agriculture has impacted life in the southwest before new mexico's -- since before new mexico's founding. >> the idea for this museum began in 1970's. the secretary of agriculture at the time noticed new mexico artifacts are ending up in museums and other states. he spoke to people about creating a farm and ranch museum to preserve our state's heritage. new mexico has a unique agricultural story. it goes back 4000 years when people were growing their own food. we take a lot of pride in preserving the story and sharing it with people. the farming and ranching museum is unique because he have animals. las cruces does not have a zero. we take that role. we have all sorts of livestock. we have seven different breeds of beef cattle. we have milk cows, we do looking demonstrations every day. the restrictions are another thing that makes us unique. we do quilting, sewing, that kind of thing. when people come here, you are not just looking a

and in a minute, we will get the view from mexico. for more on the report, i've been speaking to shelly culbertson, senior policy researcher for the rand think tank. then shall to this agreement was a breakthrough on what they wanted to happen in the automobile industry. —— central to this agreement. in order to be free of tariffs, they agreed they would largely have to be produced in the region — 70% of components had to be produced in the us and mexico. and 40% of those components had to be made by workers who are earning more than $16 an hour. so this was really a victory for president trump because he's been trying to keep labour in the united states and stop the kind of flow of companies to mexico in search of cheaper labour there. and the united states also compromised to getting rid of a key demand which was to have the deal renegotiated every five years. that was something that mexico and canada did not want. they didn't think it would lead to a proper kind of future for businesses to plan their investments et cetera. an

ginger thompson: mexico city. i lived in a neighborhood which is a west village of mexico city . it has become very hip. it hasn't some of the coolest restaurants. there is a beautiful park called mexico park. brian lamb: i looked up statistics on mexico and how it fits in the world. it is the 14th largest country and area. 31 states. is, what dotting at you find americans know about mexico and what do they not know? ginger thompson: what americans unfortunately see mexico through classns of the working people who are the largest numbers of mexican people who live here. workers,, factory restaurant workers. large, vibrant, diverse country. the southern part of the country does not look anything like the northern part. it is like the u.s. california is nothing like kentucky. like the stateng in the north. misunderstand the sophistication of the country. is an intellectually havent place where people a real sophisticated understanding of the world and of their history. the are very aware of united states in way as i do not think we understand mexico with the same degree of complexi

to mexico from great u.a.w. wages, middle class wages, to $2 an hour in the same fancy, robotics, laser precision plans. and so what will happen, and what we've started to hear from the companies who are protesting this is that they will be forced to bring production, parts of production lines back. there will be delays. there will probably be a transition to answer that part of the industry's concerns. it won't be one day it's this, and one day it's that. they'll have a number of years, because they're going to have to bring production back to meet that new nafta rule. and the basic rule about this, if you're a rorg trade attorney, the way do you this has to do with how heavy and bulky a product is. so if you change the rule of origin on something really small, and it's easy to ship and it's light, then the actual transportation cost is not a big enough factor that you wouldn't just send it to china, for instance, and say, all right, i'll pay the tariff, but it's cheaper. in this instance with cars, which is th

and mexico. this is bloomberg. d mexico. this is bloomberg. xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. 7:00 a.m. in hong kong. i am yvonne man. welcome to "daybreak asia." the top stories this tuesday, trade makes the headlines today. stocks get new records. the peso jumped as the u.s. nears a post-nafta deal with mexico. president trump says he will terminate the yield agreement and find a new name. canada will rejoin talks in washington. >> i am kathleen hays in new york, where it is passed 7:00 p.m. on monday. beened reproduction has met. -- m

we are told it will focus on trade with mexico. a source familiar with the negotiations telling cnn, the u.s. and mexico have reached a preliminary agreement resolving key bilateral trade issues. the president tweeting just a short time ago, quote, a big deal looking good with mexico. let's get straight to athena jones live at the white house for the latest developments. what are we expecting from the president in the next few minutes? >> reporter: we expect him to announce this preliminary agreement the u.s. reached with mexico, part of this effort to renegotiate nafta. efforts to renegotiate nafta have been going on for over a year now in some form or fashion. this is about bilateral agreement between the u.s. and mexico. there have been talks over the last several weeks. we understand according to one u.s. official the two countries have resolved a major stumbling block that has to do with aub automobiles and steels. it would increase the agreement to use north american steel and how much of an automobile must be produced locall

announces a new deal with mexico, we get the latest from mexico's economy minister. an exclusive interview. and u.s. stocks are hitting new highs as investors react to the trade deal announced by u.s. and mexico. now it is 19 minutes into the trading day in the united states. so let's get to abigail doolittle. >> we are looking at very, very small gains for the major averages. lead the w jones, way. right now on pace, each of the major averages for a third day higher. the s&p 500 and nasdac putting in all time highs for another day. oth are after some degree. flipping between very small gains and losses. s&p 500 turned slowly. let's take a look at the three-day chart of the s&p 500 to view that rally. last friday, the s&p 500 finishing up .6 on the comments on jay powell. powell.e of a yes, more of a continuation of that fed policy. and the u.s.-mexico trade deal. and right now, up ever so slightly on the day. it will be interesting to see if the other averages can eke out. help the s&p 500 and check of the nasdac, some of the misconducter names. qualcomm among other

also mexico relies on the us for many products. and they are very good signs here, that the stock market and the exchange rate hasn't been affected at all, so it has been seen as a been affected at all, so it has been seen as a big victory here in mexico. more on that coming up later in the programme. now, some of the day's other news. the french president, emmanuel macron, says europe can no longer rely on the united states to ensure its security. speaking at a gathering of lawmakers and diplomats in paris, mr macron said the european union needed new initiatives and new alliances when it comes to security. translation: europe can no longer rely solely on the united states for its security. it is up to us today to ta ke its security. it is up to us today to take up our responsibilities and guaranteed european security and, consequently, european sovereignty. we must fully realise the consequences of the end of the cold war. alliances still have their releva nce war. alliances still have their relevance today but the balances, or t

but let me talk a little bit about mexico. yes, you have accused -- >> tucker: we are out of time and i certainly let you filibuster quite a bit. >> there are -- mexico is a lot larger, the state has a conservative governor that is pushing it not for drugs, but on the contrary, family values, just like you and i my friend are supporting. >> tucker: thank you. you are more reasonable than most people i talk to. but not entirely reasonable. >> thank you. >> tucker: lou dobbs is a host of "lou dobbs tonight" and has been talking about this issue for a long time. if there were to become a realistic push to legalize poppy production, opium production, heroin production, and mexico, why wouldn't that be a profound act of aggression against the united states? >> i think it is, as you pointed out. and juan hernandez, i quit talking to him a long time ago for reasons that you should now understand fully. he is a wonderful emissary for the system of mexico that is being replaced by andres of man well, and i think it is a real opportunit

-mexico border when it relates to new mexico? talking culture i like to joke with tourists and visitors that my whole life i've heard about this international border and the state borders but i have never seen them. they have shown them to me on paper but i have never seen them. mean by that is if you are born and raised in this community -- this may be true of other border communities, anglo or hispanic like. ,e are so inter-woven interlaced, interdependent and even intermixed. we are very tight with the cross-cultural, cross-border community. movement between the countries has always been pretty easy come a historically. there are a lot of people who have family on both sides. the people who have been here longer than the borders, the ties and the relationships go back when the borders have been moved. they have been moved and changed but relationships have stayed the same. you will have families in this community -- we are talking 150 years ago, they had already .ixed, anglos and hispano's it is reflected in our language, our

and mexico to agree to overhaul the nafta trade deal but canada is yet to sign off on it. genocide crimes against humanity and war crimes the u.n. says me and maher military chiefs should be prosecuted for genocide against their agenda and rakhine state. thousands of far right protesters teenager rally in germany after a deadly knife attack allegedly by a syrian and in iraq. and on crutches and now on bail popstar turned opposition politician bobby wind it's released in the uganda. i'm joined again with a leo sports including. getting out the frustrations and to the shock first round exit for world number one simona halep at the u.s. open in new york. the united states and mexico have agreed to overhaul the north america free trade agreements known as not this questions focused on new rules for the automatic industry that's a central issue for president trump he's described as a disaster for american workers. canadian prime minister justin trudeau is now under pressure to agree to new terms to remain part of the three nation pact and he has assured mexico's president of hi

louis to santa fe then down the .amino real avoid mexico -- all the way to mexico. standing on the piece of the camino real. the marker says from this spot to mexico citys and 283 miles to santa fe. as a stand here you can imagine literally thousands of people , everything that came from the spanish world into this country came along this .oad for example people who live in new mexico and have been here for many generations, as sort of fascinating they can stand on this ground where their ancestors walked. this is for part of the story and in terms of the sweep of history, this location is probably more significant for as important in the history of trying to preserve this place i guess there was an attempt to say who was really .ruly famous that was here often times that is used as some sort of rationale. it turns out that in his memoirs , general douglas macarthur young hishen he was herer, arthur mcarthur was and this building is where the .acarthur's lived they came in december 1883. macarthur had been born in january of 1880. he says in his memoirs that he lear

escuchen este dato, 12 personas desaparecen todos los dÍas en mÉxico. hay familias que llevan aÑos buscando a sus seres queridos y no se dan por vencidos, se aferran a que su fe y amor va a superar la impunidad en mÉxico, vÍctor silva hablÓ con madres y padres que no paran de buscar a sus hijos. >> rubÉn ramos. >> ausencias que siguen presentes, unidas bajo la misma sombra, son madres y padres que se encontraron buscando a sus hijos desaparecidos. >> porque vivos se los llevaron. >> vivos los queremos. >> solo la justicia podrÍa terminar con las lÁgrimas de marÍa, que busca a lalito. >> si alguien sabe dÓnde estÁ mi niÑo les pido de corazÓn que me lo reporten, que lo regresen. >> ella es madre de benjamÍn, uno de los 43 estudiantes de ayotzinapa desaparecidos en 2014 a casi 4 aÑos de la tragedia, siguen en la lucha y se niega a aceptar la versiÓn oficial de las autoridades que su hijo y sus compaÑeros fueron incinerados. >> para nosotros nuestros hijos no fueron el final en el basurero. >> segÚn datos oficiales de 2016 a la fecha hay m�

deal with mexico. just 17 days after elon musk raqqa the market saying he would take test of private, he abandons those plans under what he says is shareholder pressure. and tiffany's turnaround on the eve of how the luxury retailer is polishing its look. the next 30g in minutes, the first abigail doolittle is already with us have with the trading day. abigail: we have a rally on our hands. ,ake a look at the dow, off 1% the s&p and the nasdaq is not far behind. row, we'res in a looking at a new all-time highs. confirming the fact we have arms trading lower, the 10 year yield 's backing of the most since early august, up four basis points of this link. this is a risk on picture. interesting, one driver for all of this could be the dollar. let's take a look at the turn of the dollar index, it's extraordinary. one day late last week he had the dollar down seven of the last eight days. some of it may have had to do with president trump talking behind closed doors about wanting an easy money fed. last week

how much has gone to mexico? >> there has been asia is a bigger draw in terms of mfing jobs for the united states. there have often times factories are putting together beginnings in the united states so initial assembly happens on the u.s. side of the border and larger left parts happen. the idea there has been a generator of jobs and opportunities is hot quite right. >> how do you explain 2000 journalists have opinion killed in mexico? >> mexico's biggest problem is with the rule of law. right? with immunity. murders happen in mexico, 98% about unsolved. just unsolved. so so that the weakening of institutions, when it comes to the justice system is what has created problems of violence had that country in general right? so it's mexico with more murders so fostinstut yugss want to send a signal to their societies to stay silent. they to after journalists and because of that large number of journalists have opinion killed. >> i was careful and i think that there is a level of protection because we're american and

mexico's president and rekey plan and yet who has said he hopes canada will return to talks with mexico and the us should hold on a small for mexico city. just like the united states on monday makes her brand new book could be a new trade deal between the two countries as a triumph it's something that the current administration has been working towards for more than a year and desperately wanted to get done before they leave office it's something also that the incoming administration which takes over in december who so desperately wanted to get out of the way they don't want the economic uncertainty that it brings clouding their first few months in office but there is a problem here and that's canada canada is a member of the trading block with the united states and mexico that's covered by nafta and that was what was meant to be renegotiated here a deal between the three countries now the united states has suggested that it could just do this deal bilaterally with mexico mexico first said that canada really needs to be part of this pact but then later on on monday the mexican foreign m

they export a lot to mexico. peter: yes, the u.s. has an ongoing conflict with china and , at the samesaid time he announced the u.s.-mexico deal, he postponed china because there are significant obstacles to a deal. that makes sense. you do not want to much on your plate at one time. coy withank you peter the latest on trade and gdp numbers. >> the bulls are in charge, the rally that started last friday with jay powell's dovish comments continuing a four-day rally, the best in the s&p 500 and nasdaq since july 10. all-time highs for the s&p 500 and the nasdaq. outperformance by nasdaq and tech is a big driver, not a lot of reaction to trade talks between u.s. and canada. the four-day chart of the nasdaq, the rally we have seen, the best in nearly two months, up last friday on jay powell and the u.s. and mexico trade talks. yesterday, flat but a small gain. nickel up. with the gains and above the 8000 level, we have something to point out. you this chart of the nasdaq using digi tv function in the bloomberg. the nasdaq over the last

in new mexico, chile pepper's is one of our main crops. a lot of times, food is grown in areas because of the culture. if you look at wisconsin, they make a lot of sauerkraut because of the immigrants. here we have a lot of chile pepper's. what people do not realize is chile's artan native to a tropical rain forest. -- chilies are not native to a tropical rain forest. they are really happy with rain every three days. in 1540, francesco vess goes coronado came up on a mission to introduce spanish rule to new mexico. he introduced agriculture to the pueblo indians. in 1598, they really established a presence of the spanish in new mexico. they said the pueblo indians would grow chilies under the spanish agriculture. before then, there was what they called the waffle system. they have little squares where they would plant and catch the rainwater. the spanish introduced irrigation to bring water from the river to irrigate fields. they had incorporated that into their chile. we had chile beans growing here for a long time. then, in the late 1800

we made the deal with mexico and it's a very deal. we're starting negotiations with canada pretty much immediately. i can't tell you where those negotiations have gone. it's going to be -- it's a smaller segment as you know. mexico is a very large trading partner. but we have now concluded our deal. and it's being finalized and, bob, when would you say it would be signed, formally signed? >> well, it would likely be signed at the end of november because it's a 90-day layover period because of our statute. but we expect to submit our letter to congress beginning that process on friday. >> okay. so that starts the process. >> 90 days later, it will be signed. >> we have an agreement where both with canada and with mexico i will terminate the existing deal. when that happens, i can't quite tell you. depends on what the time table is with congress, but i'll be terminating the existing deal and going into this deal. we'll start negotiating with canada relatively soon. they want to start -- they want to negotiate very badly. but one way or

next, a look at our recent visit , new mexico. you're watching american history tv, all weekend, every weekend, on c-span3. paul: in new mexico, chile peppers is one of our main crops. a lot of times, foods are grown in areas because of the culture. if you look at wisconsin, they grow a lot of sauerkraut because of the german immigrants. here, we have the hispanic population. chile peppers were part of that culture, so it was to grow them -- it was natural to grow them. what people don't realize is chile's are native to the tropical rain forest. they like a 72 degree day, at rain every few days. they are really happy. we have adapted them to this climate. in 1540, francisco vasquez the de coronado came up on an expedition to introduce spanish rule to new mexico and introduced agriculture to the pueblo indians. in 1598, he came up to establish a presence of the spanish in new mexico. he said the pueblo indians were growing chilies under the spanish agriculture, because before then, the pueblo indians grew them in what we call a waf

we know that auto has boomed in mexico. chart,v library showing reduction in capacity come it has been on the rise and mexico. we are hearing reports that mexico could accept a demand of 75% of auto content in north america, 40-45%, workers earning $16 an hour. are those metrics that mets -- that mexico could accept? yes.e 75%, i think the u.s. showed that flexibility a while back and that is sort of where things are headed. more difficult issue that has been on the table lately has been wages. always thought mexico has some flexibility. i'm not sure whether it is at $60 per hour, but, generally, the sector, the inductor -- industrial sector connected with exports, to the u.s. and general,, has, in theng higher wages than national average in mexico. the latest study that i saw 2014, the auto industry was paying somewhere around nine dollars or $10 per have goneeveral years by. it is likely to will have some flexibility. i am not sure whether it will be $16 but ultimately, it will depend on what the number is. i do thin

-mexico deal. against aul bet little-known japanese company has helped our next guest, singapore is longlead capital partners, making his fund the best short performing hedge fund this year. it gained 26% through july by betting against a company that makes battery -- factory automation equipment. let's get behind this with longlead capital partner tim campbell. let's talk about the latest when it comes to the u.s. and mexico trade deals. this really eliminates a lot of uncertainty we have in the markets when it comes to trade. >> thank you, yvonne, lovely to be here this morning. it is certainly an interesting time from a political perspective. at long lead, we focus on the company level, and what we have seen very clearly is the longer the trade dispute has gone on in china, it has led to more and more uncertainty. the mexico deal announced overnight is yet another example of where there has been disruption in equity markets from global policies. yvonne: you have made some pretty right calls when

america and mexico make

have allowed foreign investment in their oil reserves mexico had not and potentially mexico has enormous reserves particularly in deep water place that will require investment by private companies are to be exploited. antonio guterres a former u.s. ambassador to mexico now legal adviser to u.s. oil companies is selling a bright future in mexico to his clients obviously energy companies are very excited about the prospect of investing in mexico they see the risk return is very attractive they've done business in foreign markets they recognize that this is one proximate to the u.s. there's a very real sense that mexico's a rocket about to lift. as foreign oil companies prepared to celebrate the profits still make from the reforms mexican economics and justice expert in the guy that was goglia doubts that ordinary mexicans will get a share of the spoils and you need to make sure that all this investment and older returns from those investments to some degree will provide. a remedy to those sectors within mexico that have never experienced any benefits from the after the agricultural sector

he's making progress with mexico. that's raising the pressure on canada as well as europe and china. i think this is a huge win for president trump, huge win for oil. what we found from china, you know, first they were going to say we're not going to take u.s. oil, we're mad at donald trump. guess what, their biggest oil producers are starting to import u.s. oil because they realize u.s. oil is what they need right now and it's going to be hard to find other supplies of oil, especially with pending sanctions on iran, and commodities, i'm hearing from farmers, they are loving this deal. we had hogs go limit up today, corn prices bounced back up. we are hearing from a lot of happy commodity traders today. cheryl: happy automakers, banks and you're right, the commodity picture, especially that story with mexico is huge. great point. the other side of this obviously is that we got i think dovish comments from powell on friday. seems like the risk is off as far as worrying about interest rate hikes, that we kind of have a

that means every year there are more people coming back into mexico than people from mexico, mexicans trying to get into the united states. however, mexico you're absolutely right, has become a transit country. we are -- every year facing the fact that hundreds of thousands of central americans try to get into mexico, with the purpose of staying in mexico but to get into the united states. this presents as a significant challenge for every country involved, el salvador and mexico and the united states. this is a shared challenge and we should work together in share gs human rights that all migrants have treated well and it's -- we cannot just address a problem by trying to enforce voter control. that's part of the solution but the real solution is to invest jointly in development of central america. this is something that our current president has been asking for, our future president is strongly proposing. >> i want to ask you about the election of the president, for the last 20 years mexico has been electing governments that have been very pro american in the sense of being pro trad

and mexico just completed. as an example of what can be done if there's good faith negotiating. >> he says he can get canada to step in and do a deal in a day? no. no, he can't. >> said we couldn't do a deal with mexico. we've done one. they said it couldn't possibly have a sane conversation about free trade with the european union. we are. >> there is no new deal. just a new name. >> the single biggest news story this year, okay. the single biggest news story this year, is an economic boom which most folks thought was impossible. that's the headline story, for the whole country. liz: the clock now ticking for canada to come to a trade deal with the u.s. after trump gave canada a ultimatum, do a deal by friday or else. now the canadian foreign minister just arrived in d.c. we'll bring you the latest. the dow hitting new highs. but media pundits now claim a deal with canada will not happen. however canadian business leaders calm it could happen it week. we'll show you why. also is china next? plus cnn refusing t

into mexico. they connect with mexico city, cues that nafta would be broken down and swept away, now that it appears to be, the staff bring out. >> how much of the business model was tied to coming to some kind of agreement? >> you're talking about 40% of its revenue. not only what they are getting from the freight is this but keep in mind they have a lot of peso exposure. a lot of strength of the fluctuation related to trade, they have been affected to some extent as well. if it is a stabilizes, that helps as well. a when you look at why kansas city southern specifically is doing a lot better, just keep in mind almost 100% of their business is contained within the united states. kansas city is the one going across the border. that is why it lagged so much. see effects was the america whatever we're going to call it, you see people will probably want to make a bet. >> you can see it. at the bottom. thank you. most valuable company is plenty dribble down iphone x. this is bloomberg. ♪ >> plenty d

muchos en mexico n estan descubre otra forma de ver tele. porque si lo tuyo es "mis shows a mi manera" then we give you the most live tv en español with directv now. stream your favorite sports! yes! the best drama en español! yes! and kids' shows! yes! download the app and switch to directv now. get the most live-streaming channels en español. no satellite and no annual contract. más de lo tuyo. es lo nuestro. muchos en mexico n estan contentos con el l plan de lopez obrador para cambiar oficinas federales y esto sera un descalabro economico para miles de comerciantes escuchemos . >>> no se que va a suceder con mi trabajo. >>> un giro de 180 grados podr dejaria la capital mexico si las oficinas del gobierno federal a otro estados del pais . >>> perolo que mas le preocpa es como realizara su tratamiento contra el cancer. >>> el pplan es dejar solo 5 oficinas en la capital de mexico 13 se mudarian par impulsar el tbj en esas regiones. >>> con estos cambios negocios de comida alrededor de las oficinas alrededor se veran perjudicdos. >>> si

/mexico deal. the headlines read as follows: we are going to call in the united states/mexico trade agreement. getting rid of the nafta name. now, that's interesting. mr. trump says it is a really good agreement for both countries. okay, got that. mr. trump calls mexico's president to congratulate him on the deal. reuters -- okay. that's according to reuters, that the president is talking to the president of mexico as we speak. but what intrigued me, kim, was that the president says this is going to be a u.s./mexico trade agreement, getting rid of the nafta name. where does that leave nafta and canada? >> well, look, this is going to be a big question of whether or not canada now feels enormous pressure to get onboard. and some of this is going to depend, let's see what the actual details are in the bill. the president's promise pall along was that -- all along was that if he resigned something, it was going to be more in america's trade benefit. you can expect people are going to be poring over th

how important is it that we have canada with mexico? mexico. important for wisconsin has a trade surplus with canada and mexico. i was glad the administration has come to terms with mexico on a trade deal. i hope canada can also come to an agreement. we really do want the north american market. i was pleased we did not have a five-year sunset. this administration has done a great job. we stopped punishing success. we stop to the realtor a burden. and a better tax code. 42% sincemarket of this president was elected. the whole trade were injects uncertainty. i'm glad the sunset was not part of the deal. hear fromm what you washington and the diplomatic or, is it realistic for canada to come to terms in four short days? they say canada has been kept up to speed with some of the negotiations with mexico already. . >> it is obviously a short time period. i wish this agreement had been made months ago. we have this uncertainty hanging over our economy. you can see how the stock market has stalled and how it took off once this deal was done. we hope t

i asked him how difficult canada's position is now following the us—mexico deal. it's in a lot worse position than at the beginning of these talks. any time a country gets isolated in trade talks, when it appears to be two against one now and the other two have agreed to something, that's going to put a lot of pressure on canada to make concessions and go along with what the americans and mexicans have already negotiated. one of the difficulties i guess is the sunset clause, so—called, isn't it? why is that so vital? with the sunset clause, that would put a lot of pressure on firms to make their investments in the united states. if they're not assured you're going to have access to the american market, which is the name of the game in all this, if that could be taken away in even five or ten years and you're making investments with a lifespan of 20—30 years, you're going to make that investment in the united states to make sure you have access to the american market. so the sunset clause has been vital for probably canada most importantly all along. i think th

and mexico? it does not seem like a part of nafta. >> the answer to that is that there may be currency language and nafta. originally the plan was to use the talks were currency is not a tense issue to try to get a plan as a model. down the road if there were negotiations with the country and it was a big deal for instance if they there was an agreement with japan or a dealing currency with china that they would have the model down. i have not heard much about where that has gone. it has not been an issue considered a hot button issue. it's kind of a set of issues that have been a hot button issues. one issue is currency. it has not come up as a big deal. these are the ones that you will hear eventually that they cannot get a deal this week because of something. >> i think you very much. [applause] we want to understand the nontariff issues grabbed the wto book. >> we will have a five minute break so we can get back on schedule. our next speaker was already here. she will be starting at 10:40 a.m

-mexico border and cover mexico. when we did, we began to plan the book tour, i knew i would get back to mexico this week because we update presidential elections on sunday, and it's going to have i think huge ramifications on both sides of the country. the last few weeks have been overtaken by the situation with families separated, and el paso has been a pivotal moment in our time. so i get a call this afternoon from one of my editors who said that we have a reporter heading to el paso. there was talk about using the military place as soon as possible, and we don't know, i don't know what that means, plus the airfield in new mexico. i haven't had time to confirm either one, but i know they are on deadlines and that's one reason i need to get out tomorrow morning but i'm also going to be reporting on that. i should just give you a quick sort of anecdote. i think a good it is very pivotal moment. people talk about the #me too movement, the parkland, with the outpouring of support that happened in the last few months.

and mexico. i'm i don't know what it means for canada. mexico is willing to go on with this. maybe canada takes a different look at it now. connell: a 16-year deal with six-year review. >> review. which has consequences to rechange the accord at some point. connell: it is interesting way of doing it, kind of getting around the technical you know set clause which held it up. interesting the way they did that. sean, back to you on markets. we're up 253 right now on the dow, and you talked a moment ago, catching up or getting back to where the fundamentals should be, meaning what? >> meaning that you know, in the first two quarters of this year earning were very, very strong. you know somewhere in the 20% or 20% plus quarter over quarter or year-over-year growth rate. yet the only major broad-based index up anywhere near that year-to-date is the nasdaq 100 which is heavy hadly weighted towards technology. so, i think the market is trying to find a way to go forward here. connell: right. >> these impediments have been in the way. and if we can get some of these out of the way i t

one came to mexico -- to new mexico. they were looking for riches, wandered into kansas, and came this way. they left behind remedy of the things they brought -- behind remenatsd's -- behind -- remnants. was a commercial crop. they were making wine. they were selling those grapes to make wine. that was popular. we do not grow -- we are backed in the -- back in the wine industry again. when you hear about california being -- all the wine from california -- in new mexico, we grew the first grapes before they did in california. that is a crop the spanish brought here to the near world when they came. a couple of things interesting we represent at our museum are common cattle. these came from spain. they brought them over here. cattle insome of the texas.ico, parts of te they lived in louisiana and texas. they become longhorn cattle. we still raise that type of cattle at the farm and ranch museum. manager say those livee could lefive -- could with almost everything. they are really tough. they are small. they have small calv