opened up in canada. for certain products in canada they will see lower prices of the overall impact, we don't have the official projections of what the deal will do in macro economic terms right now. for nafta was about a percentage point of gdp. this largely adopt a lot of the rules of nafta, so it's unclear that we will see a lot of impact for consumers or the economy as a whole. host: what do you think was left on the cutting room floor, what opportunities were missed? like: you had democrats elizabeth warren demand thing a complete remodeling of the rights that multinational investors get as a part of the deal, investor state dispute settlement. i wrote a book about it if you're interested. this was a major demand for an overhaul of that agreement. companies to sue governments over environmental regulations. it's been something democrats have long opposed. the trump administration initially promised they would get rid of it or refashion it substantially. they have made some modifications to the rules

mexico canada trade agreement. he was joined by the foreign minister and i discussed how to and with impact the auto canadian industries. from ottawa, this is hour. >> i said we would respond as canadians have always. we would be constructive and reasonable. we would also be firm. we would protect our interests and promote our values. we would show determination and also flexibility. we would remain united. ultimately, we would emerge stronger. that is exactly what we did. last night, canada reached an agreement in principle with the united states and mexico on a modernized and updated north american free trade agreement. this is an agreement on an active, it will be good for canadian workers. good for canadian business and good for canadian families. it is an agreement that removes uncertainty for manufacturers and investors and improves rights for all north americans. it is an agreement that will be profoundly beneficial for our economy and canadian families. when we begin the work of updating after, we cut our -

canada and u.s. cooperation in space. you heard it earlier today. there is a whole new space environment, which is with us now, and is only going to become more and more important. i think this conversation is important because it brings together in one day people, leaders from academia, industry, and government, to talk about how we can expand and create this you new era for international cooperation between canada and the united states in space. so it is a very timely conference and i'm looking forward to listening to the debates and the discussions that are to follow. so now, it is my task, my pleasant task, to introduce the current president of the canadian space agency, sylvain laporte. sylvain has a bachelor of science degree in computing science, a masters in computer engineering. he spent, he's had i think three careers, i will put it this way, he spent his first career, 20 years in the canadian armed forces, as an aerospace engineer. when he retired from there, he moved into, so career numbe

that's how canada arm was approved in canada. following the canada arm success, the united states very generously offered canada to fly two astronauts, and mark, i know, of course, was the first one, and roberta bonda was the second and then we've had many, many more since. then we moved along to the space station program, and it is important for everyone to understand that the space station program, this is my view, and i think it is collaborated, the space station program was a major foreign policy initiative of the united states. at that time, the russians were launching foreign astronauts on their system, and ronald reagan was looking for a way to show the world that the western nations could cooperate openly and demonstrate the value of our way of life. so if you look at the things that ronald reagan did, and we're in the ronald reagan center, he took the idea of a space station to the g7 summits. he took it to -- he nominated the administrator of nasa to be an ambassador at large, to go around at the diplomatic level and ta

well the us and canada in a joint statement said that us m.c.a. will give our workers farmers ranchers and businesses a high standard trade agreement that will result in freedom. it's fairer trade and robust economic growth in our region it will strengthen the middle class and create good well paying jobs and new opportunities for the nearly half a billion people who call north america home so what was agreed upon well canada is giving us farmers greater access to its dairy market but it gets to retain the trade dispute settlement mechanism established by nafta washington that earlier demanded that american court should rule on cases filed by canada against u.s. duties on imports both canada and mexico one protections against president trump's threat to impose twenty five percent tariffs on cars but under the deal forty to forty five percent of any car completed in mexico needs to be built in countries where workers are at least sixteen dollars an hour only then will the car qualify for duty free benefits let's bring in our guests for today's disc

back to canada. did you know that our two countries have signed a bilateral framework agreement on space? most of you knew, because we have the smartest audiences at the wilson center, maybe somebody tuning in didn't know that. did you know that nasa and the canadian space agency have collaborated closely for decades? from the u.n. committee on peaceful uses of outer space to the international space station, like the canada-arm, that supported numerous outer space missions, our two nations are doing great things together. you should also know that the canadian astronaut was -- are you ready? >> a wilson center scholar here in 2010 to 2011. that's why she has this big job. while we're talking about wilson scholars. jim didn't know this. chris davenport wrote space bearings, where? here at the wilson center. it's exciting that the trump administration has made space policy a priority. putting the national space council back in business with mike pence as chairman, and by creating a space force. as you

dairy farmers will be able to sell more of their products in canada canada gets to keep a dispute mechanism to resolve fights with the u.s. over lumber exports and auto workers in mexico will be paid more to produce parts for the u.s. market that last point mattered to officials in ottawa we have reached an agreement on cars and car parts inspired by creative canadian ideas which as some of you will remember we put forward in our talks in montreal back in january that was a key turning point in this negotiation it's just the draft treaty now heads to parliament in ottawa and to congress in both washington and mexico city we've got a most having a less a little more and where was it that we will make sure it does not contravene the sovereignty of the people and we will be guaranteed. wars of the federalist principles that maintain our republic analysts say there is a reason why canada is joining the deal now its economic future what is important is that we be an attractive place for foreign companies to invest if they fear that their investment in canada could be shut off and he terms of his

ad canada space work. so thank you to our tremendous team at the ka canada institute. and we would not be here at the wilson center if not for the vision and the boundless energy of our president and ceo jayne harmon. so i'm going to turn the podium and program over to jane so she can have a bridenstine and i lo forward to hearing what they're saying. thank you. >> thank you, laura. i was just chatting with jim about life after congress. real good. but to those of our former colleagues who still labor there, it would be my wish, and i'm sure he shares it, that the place would become more productive on a bipartisan basis. and space is one of the areas, fortunately, where there has been certainly over the years, or at least the years that i know about, bipartisan cooperation. and that is welcome and important. so now let's brag about laura. the wilson center's canada institute is

-canada collaborations. it goes to show you on the profiling radar that is an example of a subsystem, and moppet is an example of an instrument. it is all part of international partnership. in terms of exploration, everybody knows about the canada. if you look at the canadian $5.00 bill which is worth about $3.80, it has a -- on it. if you ask canada what do we do in space, it is the -- we've heard about the lidar supplied by mda. later on people will be talking about new space. if you are a senior executive in a space agency, you are looking at charts like this, which are helping to characterize what is happening with the massive market transportation -- transformation of what we call big space which is sort of the large satellite to an environment which is new space. big space won't totally go away in my opinion. backspace will have a role to play. this is my characterization of how the world is changing and what the factors are. i will not go through the slide. later on, people will. the message i want to

officials who said it will go by a new name the united states mexico canada agreements canada has been frozen out of a deal reached in august between the u.s. and mexico to update now after the eleventh hour talks between ottawa and washington guaranteed that all three members will be in the new version of the tri pact. is a predator is it a good deal very is it did you ever get a good day for canada ok i'm certainly not justin trudeau was in good spirits after a cabinet meeting in ottawa once the final stumbling blocks had been removed there will be no tariffs on the two point six million cars that are made in canada and sold in the u.s. but there was still no sign of an agreement on tariffs on canadian steel and medium exports canada says the deal is good because the country can also go to an independent referee when it has a trade dispute with the u.s. and does not have to subject itself to u.s. courts that part of the old nafta treaty survived the name however will not the acronym nafta is dead as u.s. president donald trump repeatedly called it the worst deal maybe ever signed the

that is normal for canada. as you said, it is six years and after a certain amount of time, it will go to 10 years. yes, it is six years and 10 years. i think that for investors, i know it is a bit complex, but the initial time is six years. after six years, we will have a period during which all three countries can have a conversation among leaders. and decide how the agreement will work at that time, if everything is good, it is good. if there are problems, we will have 10 years to discuss. so it is a clause that i think is perfect we normal, perfectly logical for investors. i must say as well, as ambassador lighthizer will allow me to say so, he told me directly that the position of prime minister trudeau on the sunset clause was very important for him and the americans. another thing you have to remember is that within nafta there was always a clause that allowed people to withdraw with only six months notice. what we were able to do with this agreement was to create a horizon of six years so at least we co

-canada-mexico trade agreement. the prime minister said the renegotiated agreement is a good deal for canadians. following opening remarks, the two leaders answered questions from reporters on how that deal would impact canadian industries. >> good afternoon, everybody. i'm wanda mccharles, and i'll be introducing canadian prime minister justin trudeau. >> then there will be 30 minutes for questions. please turn off your cell phone. >> hello and welcome. thank you all for being here. a year and a half ago, with rising questions about the future of nafta, i was asked how we would respond. my answer was that we would respond as canadians always have in uncertain times. we would be constructive and reasonable. but we would also be firm. we would protect our interests and promote our values. we would show determination and also flexibility and we would remain united. and ultimately we would emerge stronger. that's exactly what we did. last night canada reached an agreement in principle with the united states and mexico

and canada in a joint statement said that us m.c.a. will give our workers farmers ranchers and businesses a high standard trade agreement that will result in freedom. it's fair a trade and robust economic growth in our region it will strengthen the middle class and create good well paying jobs and new opportunities for the nearly half a billion people who call north america home so what was agreed upon well canada is giving us farmers greater access to its dairy market but it gets to retain the trade dispute settlement mechanism established by nafta washington that earlier demanded that american court should rule on cases filed by canada against u.s. duties on imports both canada and mexico one protections against president trumps threat to impose twenty five percent tariffs on cars but under the deal forty to forty five percent of any car completed in mexico needs to be built in countries where workers are at least sixteen dollars an hour only then will the car qualify for duty free benefits let's bring in our guests for today's discu

and canada in a joint statement said that u.s. embassy. give our workers farmers ranchers and businesses a high standard trade agreement that will result in free markets fair trade and robust economic growth in our region it will strengthen the middle class and create good well paying jobs and new opportunities for the nearly half a billion people who call north america home so what was agreed upon well canada is giving us farmers greater access to its dairy market but it gets to retain the trade dispute settlement mechanism established by nafta washington that earlier demanded that american court should rule on cases filed by canada against u.s. duty's on imports both canada and mexico one protections against president trumps threat to impose twenty five percent tariffs on cars buses under the deal forty to forty five percent of any car completed in mexico needs to be built in countries where workers are at least sixteen dollars an hour only then will the car qualify for duty free benefits let's bring in our guests for today's discussion

and also worth pointing out that in fact united states has a surplus with canada. in everything except energy which of course is used to fuel the manufacturing industry in the united states so i think. all three countries can be satisfied that north america as a platform are not going to call it a north american market canada us mexico relationship is it is it is competitively placed to build a continue to compete with the rest of the world and if that brings jobs into canada united states mexico that's a good thing colin do tariffs another put them in inverted commas protectionist policies as a chris will disagree but the tariffs and perfect protectionist policies actually work or do they lead ultimately to unforeseen adverse effects for for consumers and for for workers well i think the economists would suggest the latter that is they lead to adverse effects of actually a tariff as a tax on a consumer and so as i point out in the case of steel aluminum tariffs and in the case of the tariff son suffered lumber the american the average american house now cost an ex

we have ended the uncertainty around trade in canada. we have demonstrated that we can move forward and continue to grow our economy, drawing in global investment, being part of the global supply chains and being an integrated part in the north america market. this is a good day for canada and a good day for california nad us yans. [ applause ] >> the leader of the opposition. >> the question was specific. the prime minister has made major concessions on key areas. he's made concessions on dairy. he's made concessions on auto quotas and pharmaceuticals meaning patients will have to pay higher drug costs. now we would have hoped after making all those concessions we would be able to see a gain on an important issue like bi-american. so can the prime minister confirm he put an end to that policy in this deal? >> the honorable prime minister. >> mr. speaker, over the past 13 months, we have been working extremely hard with the americans and the mexicans to reach a new deal that would be gad for canadians. despite what was recommended about

and canada will turn the u.s. into a manufacturing powerhouse ylan mui is watching this as well your thoughts? >> i think the president's statement that trade is a pillar of economic security was really important. that's the framework with which he is using to approach some of these decisions. tariffs on steel and aluminum remain in place, even though the renegotiated nafta or usmca is being signed now, canada and mexico wanted relief from those, perhaps as part of these negotiations, part of a side deal, they didn't get it president trump used the threat of future tariffs on autos as one of the negotiating tools to bring canada to the table. we know from democratic lawmakers that u.s., mexico text of the bilateral deal had been put together, pulled together, and mexico even said they planned to submit that as late as friday, so this really was a last minute negotiation, and president trump at least seems to believe that looming threat of tariffs on autos, continued tariffs on steel was one of the things helped br

shell goes all in on canada. shell had four partners for a monster contract in canada. the implications for the market. >> i am alix steel. welcome to commodities edge. 30 minutes a company's physical assets and trading with the who had he is commodities and the smartest voices in the business. kick it off with spot on. our take on a big story. our spotlight is the trait deal between the u.s., canada and mexico and what it meets. we have you covered from all ang always. we have three joining us. you covered dairy. canada is going to limit it is class seven pricing system. what does that mean? >> what that means is the milk price that make canadian ultra filtered milk cheaper for u.s. processors, that is going to go away. canadian farmers are concerned. they used this as an outlet to sell the left-over stuff from milk once you take out the butter fat. it was an outlet for them not to have to dump their skim milk down the drain. a lot of questions marks north of the border at this point as to what that is going to mean for their business. >> what does that due in terms of

mr prime minister, is it a good deal for canada? it's a good day to canada. with us now is christophe bondy, trade lawyer at at the law firm cooley and former trade adviser to canadian government. he wasjust explaining he was just explaining to me there that you were involved in the ceta negotiations between canada and the eu so you have looked at the detail we have had so far and it is not all there by any means. we are expecting state m e nts there by any means. we are expecting statements later from canada and the us. what do you make of what we know so us. what do you make of what we know so far? to me it sounds really positive, in the first place that the deal has been concluded but beyond that, at least from a canadian perspective, chrystia freeland and the lead negotiator are to be congratulated with the details coming out. we were holding the line on having anti—dumping and duty, joint determinations and that is in place. the cultural exception is in place. the cultural exception is in place. access and indeed enhanced access in autos and also not h

funciÓn un acuerdo con mÉxico y canadÁ. borja: miles de niÑos indocumentados separados de sus padres estÁn siendo trasladados desde los centros de detenciÓn a un complejo de carpas en medio del desierto de texas. carolina: responde en instagram diciendo que es mentira. hablo del famoso deportista ronaldo. una mujer de las vegas lo acusa de haberla violado contamos lo que dice su actual pareja. ♪ ♪ borja: feliz inicio de sy de mes. con mucho gusto carolina sarassa y un servidor, borja a voces. carolina: acabÓ el aÑo, mi querido borja. comenzamos en un tono triunfal. el presidente trump anunciÓ hoy lo que llamÓ el acuerdo comercial mÁs importante que se ha hecho en los estados unidos. este nuevo acuerdo comercial con mÉxico al que tamez asuma canadÁ en las Últimas horas del domingo que reemplaza el tratado de libre comercio y llevarÁ el nombre de usmca. el presidente asegura que este tratado que estarÁ vigente a partir de 2020 abre nuevos mercados de estados unidos, mÉxico y canadÁ. borja: escuchamos al pre

mexico canada agreement. calls among other things, by year 2020, the car must have 3/4 had of components manufactured in canada, mexico, u.s., not any foreign country, versus 62 1/2% today. by 2020, 30% of the work should be done by workers making $16 an hour. 40% by 2023. right now the average is closer to 20%. further it commits canadian companies to companies, accept more drug companies doing business north of the border in canada and increases intellectual property protections here this is stunning achievement likely not face much pushback in congress because it affords the same protections of nafta, but as one analyst said, stronger with more guaranties. that could be decided by democratic congress. remember, tariffs remain in effect until this is ultimately approved in all three countries. it is sort of a defacto given in canada and mexico. more than an uphill battle in our country but it is a stunning, sweeping trade agreement that the markets looked over very, very critically here decided a trend that

and canada said that people who work in the automotive sector should be getting paid at least sixteen dollars an hour that could cut both ways for mexico because right now mexican auto workers are paid considerably less than their counterparts in the u.s. and canada if companies decide that it's worth keeping these workers on the job they will have to raise their salaries otherwise the backs of an auto workers could find themselves looking for new jobs if the companies decide that it's not worth the cost for doing production in that country but that said all three countries now agree that they have a deal they agree that it's time for an update the next update should be ratified will come in about six years time and there's a sixteen year subset pervy. provision it which if they don't make any changes the trade deal would go away and then they'd have to start all over again. that's the view from washington let's cross to daniel lackies live for us in toronto daniel is very important for the canadian prime minister it to get a deal in place to replace nafta if that was going to be scra

and canada's influence area. canada is well known for its role in the development of human rights and liberties. it is appropriate for us to articulate those and defend those here and around the world. other countries have different histories. they have evolved in different ways. we have to be conscious of that. make our point while respecting their sovereignty and their sensitivities. thatu governed at a time now feels like the beginning of a great opening. globalization, trade and democracy. does it feel as though that has reversed? >> it feels to me as if it is isng that burst of growth now being somewhat constrained. it is a different attitude. we brought in for example, free trade and nafta and privatization and deregulation. it resulted in a wave of prosperity for canada that is still the basis of canada's solid economic growth today. it is almost as if there is a hesitation to acknowledge that or to watch replicated in any way. there arend that different times and different approaches. if it ain't broke do

, canada and the u.s. and u.s. and mexico, more trade from this? >> absolutely. let me give you -- let me go to my notes. on the de minimis part, if you sent $20 worth of goods to canada, in canadian dollars which is normally 15 bucks u.s., it was -- you had to have a tariff on it. stuart: if i make something in america -- >> you were going to sell something on ebay or etsy to a canadian and it was more than $20, they would tax it. stuart: really? i didn't know that. >> it was crazy. ebay put out this report saying canada, you lost your mind. this is a couple years ago, by the way. we are talking about people in their homes, $800 versus $20 canada, those kind of small things that seem small help everyone. it's not just the dairy farmers, not just manufacturers, not just auto workers. it's someone with arts and crafts to make a few extra bucks. stuart: tell me about wages which in north america and mexico for car workers, because i think this new deal lays down the law on what they got. >> $16 an hour. you

kristina likes canada, don't you? >> i love canada. i'm canadian. cheryl: you will be talking to the ceo of the largest manufacturing association in the united states to find out what american workers are thinking about this new deal with canada. we'll be right back. one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. cheryl: all right. we are looking at a do you that is currently up triple digits. as you can see, the dow is up 207. we're not quite near record territory for the dow. we're close, the s&p, the s&p can hit 2930.75 today, or pretty close there, we're up 12, that would be a record. nasdaq just going into negative territory in the last five or six minutes. all of this obviously is on the heels of the big news for the weekend that the u.s. and canada struck that last minute trade deal. president trump says this is a good day for american manufac

better access to canada's dairy market and allows extra imports of canada canadian cars u.s. president trump came to office promising to scrap the original deal. canadian prime minister justin trudeau has been speaking right now let's listen in and consumers around the world representing two thirds of the global economy this is a very good position to be added to this is the fact that canada is the only g seven country that has free trade agreements with every other g seven countries we will therefore continue to be extremely well placed for our businesses to reach new markets hire new workers and provide ever greater opportunities for canadians from singapore to keep from the northernmost point of the americas to the southern most we are part of a global free trade network governed by rules that benefits consumers and workers alike the fact is when it comes to trade our businesses are thriving right now our merchandise exports hit an all time high in june the highest in our history and middle class families are benefiting from that success unemployment is at a forty year low

it's good for canada and mexico. instead of jobs leaving for overseas, they will return back home. , weave many car companies have sent many car companies to the united states. we have big expansions. he said many more are coming. they have an incentive now to be here. people want to be back in the united states again. the united states is respected again. a truly extraordinary agreement for the united states, canada, and mexico. it is so important. the president and i have bond, a man that has done a very good job for mexico. trudeau, i just spoke to them a little while ago, they want to do right for their countries. we have really formed a great partnership with mexico and canada. i plan to cite the agreement. i will submit it for approval to congress where there should be no trouble. anything you send to congress's trouble. the single greatest agreement ever signed, they will say trump likes it so we won't approve it. it will be sent to congress pursuant to the trade promotion. this agreement follows on the heels

and canada reaching that last deal the u.s./mexico or canada agreement. top white house adviser, pete navarro talked about the deal this morning on "squawk. >> the big deal that are in place when the mexico deal was signed there was a disagreement over dairy. there was a disagreement over this thing called chapter 19 which is a dispute resolution mechanism that the canadians really favor basically, at the end of the day, we got much more access to dairy and canada is going to have their chapter 19. >> the president tweets this morning. he says deficiency and mies and mistakes in nafta, greatly opens markets to our farmer and manufacturers, reduces trade barriers to the u.s. and will bring all three great nations together in the competition with the rest of the world. they're all agreeing with china is the one that needs to change its behavior >> it is interesting about this is the wage component. $16 an hour. suddenly you should invest in there. near the place i have in mexico, there is a huge number of factory and giant number of japanese and german cars

samira hussain reports from ontario, canada. doob, weed, bud, call it what you want, the cannabis industry is coming into bloom in canada. this is no ordinary grow, a high—tech operation produces a staggering amount of legal marijuana. we are like a tech company that produces cannabis and it had to be done properly and was probably more of about tech than it was about cush. inside this vault is where they keep the stuff that is ready to ship. security is tight and surprising, considering —— unsurprisingly considering —— unsurprisingly considering the half a billion dollars worth of outline the shelves, and those numbers have so many people getting high on the prospects for pot. this is bay street, toronto, and it is beginning to dominate the industry, says investor paul rosen. this is the hub of the industry, toronto is specifically where most of the global cannabis companies come to raise capital, most of the well—known us companies are coming to canada to list on the canadian securities exchange was they can't list

good for canada, good for mexico. instead of jobs leaving for overseas, they will be returning back home, and we have already had it. we have many, many car companies. i was with prime minister abe of japan. he said we have sent many car companies to the united states over the last year and a half. it's true. big expansions. and very importantly, he said many more are coming. because they have an incentive now to be here. people want to be back in the united states again. as i say, the united states is respected again. but it's also respected as to trade and industry. this is a truly extraordinary agreement for the united states, canada, and mexico. president pena nieto, so important that the president and i have developed this sort of a bond. a bond on trade. pena nieto. a man that has done a very good job for mexico in terms of trade. and prime minister trudeau, who i just spoke to, just spoke to both of them a little while ago, they love their countries. they want to do right by their countries, and that's what the

., canada, and mexico flinch a new trade deal to replace nafta. the president will be speaking shortly from the rose garden. reengineering. ge dumps john flannery and names larry culp. stock leaving on that news. and, as london looks for a .ompromise on the irish border let's talk about where we are in the european markets. less than a half an hour to go. we are seeing a significant turnaround. over the last hour, you have seen this. trading down by 3/10 of 1%. we checked in one hour ago this market was trading in positive territory. the pound is moving higher, and 100 lower. one reason we are seeing london lower is because of warnings earlier. vonnie, go to the breaking news. vonnie: the managing director warning about trade wars and tighter credit. we do have an exclusive interview with christine lagarde in this hour. we're going to bring that to you. presumably she will be saying more about the world outlook dinning. -- outlook dimming. here is abigail doolittle. abigail: big gains for the dow. take a look at that. the dow and the nasdaq off or

[applause] we stood up for canada and canadians. canadians whok have been united on this issue across all corners of the country and across all ideologies. [applause] >> the honorable leader of the opposition party. >> united in wanting a good deal. the prime minister trying to -- there was no sunset clause, there was a dispute resolution mechanism and now you have made major concessions on key sectors of economy. we would like to see where the gains are. we wanted to see and into the punishing tariffs on lumber. can you confirm whether your concessions has led to an end to the lumber tariffs? [applause] >> the honorable prime and esther. -- prime minister. prime minister trudeau: your position seems to be this is a bad deal but canadians disagree, this is a good deal for canada and security as we move forward. we have ensured continued access to the north american market and a time of protectionism and we continue to know that, as we engage with the united states in positive and constructive ways, we will keep putting canadian inte

shell goes all in in canada. they have a monster lng project in canada. without securing long-term contracts. the implications for the market. ♪ alix: i am alix steel. welcome to "commodities edge." 30 minutes focused on the companies, physical assets and trading behind the hottest commodities with the smartest voices in the business. we start with spot on. our take on the big story and our spotlight is the trade deal between the u.s., canada and mexico, and what it means for commodities. we get to cover it from all angles. we have a correspondent in winnipeg, chicago and onset. we start off with you, john. you covered dairy. canada has this class seven milk pricing system, what does it mean? >> what that means is the milk price made ultra filtered milk in canada cheaper for domestic processors, that pricing mechanisms going to go away. canadian farmers are concerned. they had kind of used this as an outlet to be able to sell the left over stuff from milk. once you take out the butterfat. it was an outlet for them to definitely not have to dump their sk

they say no canada, no deal. now there's this usmca that will most likely get ratified sometime next year. the big question is brett kavanaugh, the reopened investigation into the sexual assault claims. the white house counsel's office is limiting the scope of the investigation fbi can do. we heard over the weekend sarah huckabee sanders make the point that the white house is not micromanaging this process. even if you take them at their word, maybe they're not micromanaging, but there's no denying the white house is in charge of this process. that's how this process works. the white house is the client here. the fbi is doing the investigative work on behalf of the white house. the white house sets the terms telling the fbi who they can and who they can't interview. on that long list of people to be interviewed by the fbi you will not find julie swetnick. why? they say she doesn't meet the threshold of being credible. there's a concern among democratic and republican members of the senate, certainly those on the

lots of moving parts. 0ne from canada. lots of moving parts. one interesting thing, i am sure that president trump will see it as vindication of the hardline he has taken over the vindication of the hardline he has ta ken over the past vindication of the hardline he has taken over the past 1.5 years on trade, saying it produces results. we can renegotiate these agreements. it also allows him to focus more on his confrontation with china. it also allows him to focus more on his confrontation with chinam it also allows him to focus more on his confrontation with china. it is about timing as well. they want to get it done before a change of leadership in mexico. it would seem that canada is not crying over spilt milk, we don't know. when it comes to, as you say, the issue of revamping the trade agreements, he a lwa ys revamping the trade agreements, he always said it was our rubbish deal. yeah, he will feel vindicated. at this particular deal hadn't been looked at over 20 years. it was ready for a change. i think it could argue that time does not

no canada had rest being frozen out of a deal reached in august between the u.s. and mexico to update nafta but eleventh hour talks between ottawa and washington guaranteed that all three members would be in the new version of the pact is the premise here is that a good deal for it is a good deal for going a good day for canada how come sir. justin trudeau was in good spirits after a cabinet meeting in ottawa once the final stumbling blocks had been removed. there will be no tariffs on the two point six million cars that are made in canada and sold in the u.s. but there was still no announcement of a deal on canadian steel and aluminum exports canada says it's a good deal because the country can also go to an independent arbiter when it has a trade dispute with the u.s. and it does not have to subject itself to u.s. courts that part of the old nafta treaty survived the name however will not the acronym nafta is dead as u.s. president donald trump repeatedly called it the worst deal maybe ever signed the new name is the united states mexico canada agreement the gov

because of -- i think canada is the place to be. >> let's talk about canada. -- they'reike obviously excited that things are doing well. they are talking about getting took a restrictive slightly at some point. does that concern you? >> i think that the fed is doing a good job. we have to have a press conference after every meeting and need to know everything. i don't want to know everything sometimes. t.m.i. i think that the fed is doing a good job. i think they are under promising head over delivering. growth will be higher than people think next year. scarlet: your target for the s&p 500's 2950 and a full target of 3250. not going to change my chart for the sake of it. i put my target out in november 2017. a lot of my other compatriots change it every month. we don't do that. we think we are in a 20 to 25 year bull market. i want to sue the bull case get blown out and we have to have a big core of fourth quarter. 3250. it has been that way since november of last year. there is no doubt that the market will eclipse 3000. number.st a the trajectory we think is still positive. i thin

what would it take for canada or mexico to be exact from these tariffs? did you consider dairy the dealbreaker? wasident trump: yes, dairy the dealbreaker. for our farmers, it has substantially opened up. i know they cannot open it completely. they have farmers also. they cannot be overrun. i tell them that. i understand you have limits. they could do much better. we have opened it up to our farmers so that the folks in wisconsin. i tell you what, i went to wisconsin. i went to iowa. jonie knows better than anybody. scott walker, who i think is a fantastic governor, talks about it all the time, that our farmers were not treated properly by canada. they're going to be treated fairly. as i say, in that reciprocal way. very important. go ahead. reporter: thanks, mr. president. given there was some give-and-take on both sides, in your view, what would be your biggest concession to canada and why you decided to make that concession? if you could dive in more on your thoughts with justin trudeau. you talk about tensions. i wonder throughout this process what yo

canada is now not excluded. the outcome of this greatly enhances the chances this will pass muster on capitol hill. >> sandra: we know this didn't go without arguments. justin trudeau, the canadian prime minister argued with in the leading up to this. it was a public spat he was having with the president. the president tweeted out this morning our deadline, we reached a wonderful new trade deal with canada to be added into the deal already reached with mexico. how big of a deal is the timing of this, brit, now just weeks away from the mid-term elections? >> it doesn't hurt to have something that boosts the markets and boosts sectors of the economy and avoids a trade war on the eve of an election. i might add this, sandra, in terms of the timing. just the other day the president i may have been in the news conference he had, took the position well, we're going the move on if we don't get canada in it, so be it. there is some brinksmanship there. it doesn't always work but it appears it had an effect in this case.

canadians love to criticize canada. comparingays ourselves to the largest market next door to us, the united states. they think we are showing up poorly and we don't. canada has historically underperformed the u.s., but that isn't a negative, because we have catch-up room here. canada is a cheaper market at the moment with a lower pe multiple. there's probably a decent return. the other fund did better because it has -- it is a more concentrated portfolio combining both canada and the u.s., getting the benefit of the u.s. doing a bit better but also from concentrating on the best ideas. if they work, you get a better return out of them. danielle: the high concentration of resource companies, among those lately, the pot companies. so much buzz around that sector now. what do you think of the opportunities there? kim: we currently don't own any because we can't find value. a lot of people who made a lot of money would disagree with you on that. kim: they are welcome to those returns. portfolios are looking after people's

. >> that's not because of canada. i know there are people out there who will say the supply chain going through canada and mexico -- >> of course it does is it perceived to be good as the president says a new dawn? >> yes >> hyperbolic or what have you, there are ramifications positive in this agreement with kwan da a -- canada and mexico. >> the fulcrum of this good news and bad news is tilting is china. i don't mean to minimize canada and mexico i'm sure somebody will say those supply chains are at risk. that's true. nobody really thought we weren't going to get a deal with canada. china, you need to get a deal here i'm not saying you're going to get it in a month. the longer this goes on, the more you'll have the tariff effects on metals, the more the southeastern supply chains will be affected, you need to get that >> we'll see where boeing trades reports of airbus. up because of the deal with canada and mexico. we'll see how that stock trades in the weeks ahead i would follow that closely obviously to maybe get s

president donald trump has praised his country's new trade pact with mexico and canada saying it right the wrongs of the old after agreement and will serve as a model for more trade deals to come. also on the show what on earth does the dirty water cycle have to do with a business incubator in the capital of rwanda joining us for a visit to cuba and find out. and the crisis averted for now after years of turmoil germany still designs to secaucus splits into names and new c.e.o. . it's time for business on the w. i'm going to come to the program the united states and canada have agreed to a deal to replace the nafta free trade agreement that is according to a u.s. official also said it will be renamed the united states mexico canada agreement until now can i had rest stay out of the do you know reached in august between the u.s. and mexico to update nafta but last minute talks between ottawa and washington guaranteeing that all three members will be in the new version of the trade pact so we'll go she hated this new agreement based on the principle of fairness and reciprocity to me it's

canadian and us media reporting that a new free trade deal has been reached between canada and the us. or about us and this is al jazeera live from doha also coming up mass burials planned in indonesia as the death toll from the earthquake and tsunami jumps to eight hundred and number expected to rise significantly. celebrations in macedonia after a referendum to change the country's name is ruled invalid jus to a low turnout. and the white house denies it's trying to limit the f.b.i. investigation into u.s. president donald trump supreme court nominee brett kavanaugh. canadian and us media reporting that a deal has been reached on a revised north american free trade agreement canada's prime minister justin trudeau is holding a late night cabinet meeting ahead of a u.s. imposed monday deadline to jump administration wants candidate to sign the updated deal or face exclusion from the pact with the u.s. and mexico with dying is lack is joining us now from toronto with more it sounds to me daniel from being on the outside of all of this that the trump administration's been setting the ag

wanted to get rid of, canada wanted to keep. canada one on that. there were a series of compromises that amount to a more modern agreement. overall, i would say a somewhat better agreement, but not dramatically different. note peter, given the president's language about nafta, this sounds like a win for canada. basically nothing has changed. peter: there are some things. canada made the dairy concession, but you are right that canada got would wanted in -- got what it wanted in the resolution of the dispute mechanism. another thing it did not get was, trudeau hoped trump would remove the steel tariffs. he did not do that. it is the subject of ongoing negotiation. there isuto tariffs, some carveout for canada and mexico. if there are new tariffs around quotarld, there will be a allowing mexico and canada to continue shipping cars to the u.s. at the current tariff rate. we will beeminder, taking president trump's comments at the top of the next hour from the rose garden. looking forward to hearing what the president has to say on this looking forward

exports from canada. the u.s. had had threatened to go forward with just mexico if canada didn't come to the table, but looks like it won't come to that. officials say the new trade pact will be dubbed the u.s. nca, shorthand for the for approval >>> this morning the fbi continues its investigation into sexual misconduct allegations against supreme court nominee brett kavanaugh. president trump ordering the probe a christine blasey ford, testified before a senate committee. some democrats now expressing concern that the scope of the fbi's probe is too limited. the president pushing back, tweeting, "democrats are only thinking obstruct and delay, and for them, it will never be enough." for more, let's go to nbc's tracie potts in washington. tracie, good morning. so, who has the fbi spoken to thus far? >> reporter: philip, according to our sources, they've spoken to kavanaugh's second accuser, deborah ramirez, but based on the information that was only presented at this committee, the attorney that republic