where's robert lighthizer. does he want to send the president of united states in without everything button-down? shawn: i think robert lighthizer has been liaising with the president closely. there no surprise he will drop on donald trump. previous a slight wilbur ross and steven mnuchin who have tried to negotiate deals with chinese have been undercut by president trump. bob lighthizer knows that. he is working closely with the president to do something. the chinese do not want wiggle room. they want to know what they will sign when xi jinping shows up. the problem is some of these issues are too big for ministers like lighthizer and xi jinping's emissary to make decisions on. it takes leaders. david: great reporting, as you will have to keep doing for a while. reporting from washington. now is get a check on the markets. we turn to emma chandra. emma: risk on for u.s. equities on that deal you were just discussing. talks between u.s. and china seem to be going well with regards to a trade deal. we are lookin

he is travelling to beijing with his trade chief robert lighthizer. robin brant is following the story in shanghai. this is the 10th round of talks. talk us through what is ahead. this is the 10th round of talks. talk us through what is aheadm this is the 10th round of talks. talk us through what is ahead. it is double digits now that steven mnuchin is big very optimistic about the prospect of a deal being done not after this meeting but after the meeting that's due next week when his chinese counterpart goes to washington dc. i have to say, steve nugent has always been the one optimistic about the prospect of a deal. —— steve mnuchin. the man who has talked about the importance not of doing a deal but enforcing a deal is less optimistic. what we are hearing is the chinese are willing to give more ground on cloud computing, letting american companies coming here. robert lighthizer has been talking about progress in ip protection. there is also talk about how they enforce this deal if it happens. robert lighthizer has been sceptical about this and

us treasury secretary steven mnuchin and trade chief robert lighthizer head to beijing on tuesday as the world's two largest economies continue tussle over trade. president trump postponed a planned increase in tariffs set for march 1. let's go to our asia business hub where shara njit leyl is following the story. it's nice to see you again. back in singapore. what do you think of the expectations now? that's right, it's something like the 10th round of trade negotiations, would you believe it? trying to avoid a full—blown trade war. we no significant issues are still unresolved, which is why, of course, they keep on reading. both sides we know are eager to reach an agreement, but the possibility of course remains that president donald trump would potentially walk away from the negotiating table with china if he isn't satisfied with how talks are progressing. in fact, steven mnuchin, leading that negotiation, he reportedly said the talks are nearing a point where they would either produce a dealer and with no agreement. he will be heading to blazing with robert lighthizer shortly o

mnuchin andsteven robert lighthizer will be going to beijing next tuesday. is this all over but the shouting? shawn: we have been in this end game for a while. we know they are getting close to something. we do not know when the end of the end game will come, but this is a great time when they are getting closer. we are also hearing a move to try to wrap this up, to get a draft deal done by the end of may. the hope is robert lighthizer and steven mnuchin in beijing next week will now down a few things. that will cause a return visit the week after i the chinese vice premier -- the week after by the chinese vice premier. then there may be an announcement of a provisional deal. that would clear the way for assigning summit between the leaders in the weeks afterwards. let's get and anderson. there is a brouhaha over the white house ends up eating -- the white house and subpoenas. what is the white house think they can resist subpoenas? anna: this will begin the white -- the new front between the white house and the house of representatives. so far the white hou

robert lighthizer is a guy who knows his stuff. there is bipartisan agreement he is the right guy in washington to lead these talks. david: very experienced trade negotiator. thanks to walter todd and shawn donnan and michael mckee of bloomberg news. now we turn to bloomberg first word news. billionaires in france are pledging to help restore the notre dame cathedral after the devastating fire. arnore no family -- the family pledged millions. notre dame has been under renovation for some time. ready forn is getting his first summit with russia's president vladimir putin. a south korean newspaper is saying the two will meet in vladivostok. they're likely to discuss nuclear disarmament talks between north korea and the u.s. called forrepeatedly sections against north korea to be called back. sports, quarterback wilson of the seattle seahawks has agreed on a four year, $140 million contract extension. $55deal is set to include a million signing bonus as well. not a bad deal. global news 24 hours a day, on air and @tictoc on twitter, p

we are expecting steven mnuchin and robert lighthizer to be in beijing the week of april 29. the we are expecting chinese premier to fly to the u.s. the following week. after that we are expecting a deal to be announced when he is in washington. what we are then expecting to see is the two presidents will go to a signing ceremony somewhere, we do not know the location yet. and they will sign off on this deal towards the end of may. that is the plan according to the sources in the u.s. some changese seen in progress particularly around the question of -- we heard this would be a two-way enforcement deal and it would be repercussions on both sides if they failed to live up to their commitment through this deal. that has gone a long way to calling the concerns here in china. there are still big question marks over the question of tariffs and to what extent they will be rolled back. of course we had reporting suggests in the u.s. has asked china to ship its retaliatory tariffs on to other goods so they can sell to u.s. farmers. yes, more details in the timeframe. it seems like we

this is a fight that has gone on for several decades and the man leading the fight, robert lighthizer, is very to the japanese. is this the right way to tackle the deficit for the us? to go after countries like japan and china? certainly not. japan's position would be to remain in a multilateral trading system which it has aborted for many years. in recent yea rs, has aborted for many years. in recent years, since president trump was president, it had a more combative trade as we saw with china —— supported for many years. we have seen —— supported for many years. we have seen it with the eu and with japan as well. do you need one right now? i could certainly use one. coffee is one of the world's most popular drinks and the world's most popular drinks and the market is rapidly growing thanks to the rising number of middle—class consumers. dubai is one place that wa nts to consumers. dubai is one place that wants to cash in on our caffeine addiction, repeating a trick it is already performing with tea. the arab world's love affair with coffee dates back 600 years. the first c

negotiator, robert lighthizer, is doing an incredible job, he says. lighthizer says there are still major issues in the trade talks. coming up, with israel the elections around the corner and u.s. presidential elections a year away, has facebook done enough to right what went wrong on its platforms in previous votes? we discussed next. on you can listen to us bloomberg radio, the bloomberg app, and in the u.s. sirius xm. ♪ caroline: fresh off another case of facebook user data winding up shouldn't,obably they were on the defensive again, telling abc news the company is still looking into a report that millions of user data was accessible on amazon cloud services, and it took time to express his confidence in the social network's election security. >> at this point i think we have the most advanced systems of any government or company in the world for preventing the kind of tactics that russia and no other -- and othertried countries have tried in 2016. there is no one single thing we can do, now we have put this in place don't have a can't even try.

mnuchin andsteven robert lighthizer will be going to beijing next tuesday. is this all over but the shouting? shawn: we have been in this end game for a while. we know they are getting close to something. we do not know when the end of the end game will come, but this is a great time when they are getting closer. we are also hearing a move to try to wrap this up, to get a draft deal done by the end of may. the hope is robert lighthizer and steven mnuchin in beijing next week will now down a few things. that will cause a return visit the week after i the chinese vice premier

prior to the vice premiers meeting with trump, he's taking meetings with robert lighthizer and secretary mnuchin. a couple issues still being worked out, including further to be enforcement mechanisms, how much commodities china will purchase from the u.s. and as well as the potential for the u.s. to be able to have the opportunity to take ownership of chinese firms. all of this comes as that much-anticipated meeting. it is unclear whether or not we will hear directly from the president after that meeting, but it will likely -- because it is listed on the president schedule, there could be comments on the president schedule at 4:30 eastern time. david: to have any sense of what kind of paper we might see? will there be a joint agreement? the last time this happened president trump took don't -- took on his own trade representative saying i do not believe in memorandums of understanding. seen the have president not afraid to differentiate with his economic advisor or have a diverse opinion play out in the open. behind the scenes, according to sources i speak with who work with his adminis

>> why now i think robert lighthizer, the u.s. trade representative, is trying to shift the attention away from the u.s.-china discussions and towards u.s.-europe in a long-running battle between boeing and airbus i think airbus's response is fascinating. there are parallel rulings from the wto. one against airbus one against boeing there have been state roles in subsidyizing aircraft manufacturers on both sides of the atlantic for many, many years. many decades therefore, i think this plays. i mean, you need to see the context of what will play well with the base going into 2020 election. today you get news of the u.s. looking to impose tariffs on the e.u. they've labelled china a systemic rival are we in a situation where the e.u. has no friends either side of the world >> i think you are right to say there are threats emerging on both sides, but it would be interesting whether this is a strategic alliance here we think of some of the event that is have taken place over the last couple of years premier xi appearing in dave yoes

he's sort of the robert lighthizer, the trade rep, for china, face-to-face with president trump. we will take you there. stay tuned. we'll be right back. such a gre. yeah, have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. ifor another 150 years. the fire going ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪ rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care cov

trade representative robert lighthizer head to china next week to resume talks. of course, leads chinese side, and the chinese delegation will return over here, at least scheduled to following week after that first week of may. maria: blank thank you so much blake burman latest, president trump not shy about economic successes, how media is reacting tweeting you i mean the stock market hit all-time high today and they are actually talk impeachment? will i ever be given credit for anything by the fake news media or rad carolina liberal dems no conclusion president writes exclusive fox business interview former presidential candidate herman cain thanks so much for joining us. >> thank you, maria. maria: breaking news, of course, you are tapped by president nominated for a spot on federal reserve board you have pulled your consideration back, declining that, what led to the decision herman why did you do that? >> after i looked at all the factors involved took about a month collected all the information, the straw that broke the camel's back was a discussion that i

robert lighthizer engaging in new trade talks with japan. 10 year government bond yields. that speak on easy street -- fed street. easy mr. evans says that slight dip in yields. rate cuts may be needed. larry summers joins the easing bias camp. china securities rises for a third month. let's look at the rest of the risks in the world. you have the nikkei rallying this morning. the nikkei is up on a four-month high. sellers of japanese equities, $22 billion. crude is up this morning. equitys not playing the bull game. you have to wait a second before i get to the aussie dollar. u.s. equities. you talk about the bull market, that record high remained elusive. we snapped three days of gains. the banks had a big part to play in that. recoupup did manage to its losses, but overall banking stocks weighing on u.s. equities overall. firmer on thele s&p 500. will we get to the record high this week? the aussie is the worst-performing g10 currency, down 0.3%. a rate cut was discussed. emerging-market equities, i have been watching them for several days. 10 straight days of gains, go

lighthizer going to beijing the last week of april. >> elsewhere, you take a look at some of today's upgrades and downgrades with bank of america being downgraded today to hold from buy at jefferies. the analyst cited some challenges when it comes to , feervice charges and net income opinion the price target now $32 and that stock was up a fraction to $30.03. paypal was downgraded for ubs. the monetization of its venmo app is priced into that stock. the shares were up modestly to 108.81. ailing com had a neutral rating at susquehanna today. lyft invests should be ncerned with the company's position as the number two ill er behind uber which debut on its own on wall street next month. the pricet tar lyft, $57. the stock was up nearly 6% today at 59.51.still ahead, automakers are plugging in. >> i'm phil lebeau, electric vehicles are turning heads like never before. why are so many people now considering an e that stooming up on "nightly business report." ♪ ♪ >>> zoom, one othe highly anticipated companies, pricing its initial public offerg at $36 a share and that was above expecta

. —— robert lighthizer. there are more fundamental issues as well, things like intellectual property, false transfer of technology as the usa calls it, from american companies, to chinese companies, when they operate there. the structural reforms are harder for beijing to agree to, and even if they were to agree to it, it would ta ke they were to agree to it, it would take longer than a few weeks to achieve. that appears to be the fundamental issue that they have not come to agreement. they will continue meeting and telling us that progress has been made so we shall see. on the numbers, they tell you all you need to know, strong session in the us yesterday, the dow up more than o.5%, pretty good earnings from the likes of twitter, all coming in ahead of forecast. asian shares did not have the corporate impetus to keep the rally going, that is why asian market numbers are lower, let's show you what is happening in europe, a big week for corporate earnings, we will get the results, all posting details of how t

lighthizer. robin brant is in shanghai... i know we've been here before but what is the mood music coming from the meeting? substantive talks get under tomorrow but steven mnuchin came to china in optimistic mood, talking about the final laps, talking about the final laps, talking about the final laps, talking about his hopes they could achieve a deal from this meeting and achieve a deal from this meeting and a meeting due in washington, dc next week when the chinese vice premier, the man in charge of negotiating with the chinese, returns to washington. i have to say the treasury secretary steven mnuchin is always the optimistic one, if we look to robert ley ties who's in charge of negotiating for the americans, he adopted a far more realistic position, i think, talking about much more, notjust agreeing a deal but how they enforce that deal, the mechanisms of enforcement, enforcement, enforcement, repeating the word that many times as how much emphasis he places on getting a deal. the mood music

that has never been satisfactory to people like robert lighthizer. they like to throw a lot of soybeans, jet, and wheat into the mix and hope that makes america go away. to own 100% of certain companies. it is great to get your perspective. you can hear from our magazines reporters and editors every saturday on sunday on television and radio. theresa may and jeremy corbyn agreed to step up brexit work after positive talks, even as mark carney warns that the risks deal brexit are alarmingly high. this is something that the eu and jean-claude juncker are talking about. is very real. today we have a number of announcements made by the european commission. they said if there is a no deal brexit that there will be severe disruptions. would see big delays, custom checks. this puts the irish government in a difficult position. that theythis idea can manage a no deal is fantasy. they said this relationship is so big that it is not going to go away. the u.k. parliament has not come to grips with this. they do like the idea of prime minister may holding talks

i think robert lighthizer said it has been 14 years. it is time for action. some might say it is 14 years, it is time to let this go. the global aviation industry has really been disrupted by airbus, and they have to make peace with the fact. david: the allegation is that because of certain launch incentives given by the government there, a help to themselves three head of aircraft. that is a lot of aircraft -- 300 aircraft. that is a lot of aircraft. it is a lot of: aircraft. you know, i think that neither is wrong here. i think both have a point, but just be careful throwing stones at glass houses. alix: especially when boeing has problems anyway, so it might become a moot point at some point. of all, the eu and u.s. are supposed to be sitting down to have talks to reverse the tariffs already in place in retaliation for the trump administration's steel and aluminum tariffs. 737 max have boeing's facing global scrutiny. china taking the lead on grounding that plane. they are not going to only have to appease the faa, but global regulators. it creates a reall

us trade representative robert lighthizer has told congress that any agreement must be enforceable. china has made some concessions already including new laws to give protection to foreign firms. but according to bloomberg — there is a plan for 100% foreign owned companies to be allowed to operate in all sectors by 2025. as things stand, many need to form a joint venture with a local partner. we have agreed to far more than we have left to agree to. and in fact, i would say, i think i can say that some of the toughest things have been agreed to. we have some things that are actually easier right now that we're doing. but it's a very, very, using a word i don't like using too often, but it's a very, very comprehensive deal. let's bring in tim stratford, a trade lawyer in beijing and a former us assistant trade representative joining us from beijing. tim, divergent messages from the us and china. how close do you think these two countries are to reaching a deal? i think present trump's estimation of another four weeks or so estimation of another four weeks or so is probably fairly r

>> just down the street xi jinping's emissary is in town meeting with robert lighthizer. they are trying to hash out this deal. we are in what feels like the end game of the end game. the big question is how long is that handy game going to last? david: we will talk more about that in the moment. right now we want to go to brussels and maria tadeo. we're little bit of reaction for mr. juncker today. maria: we did.

sources say trade representative robert lighthizer in trade secretary steven mnuchin plan to be in beijing on april 9. the chinese vice premier is flying to washington the following week. trade talks between the two biggest economies have been going on for nine months. reports from north korea say kim jong-un supervised the test firings of what's being described as a new type of tactical guided weapon. this is a move some see as provocation. kcna does not refer to the weapon as a nuclear missile, so the test may not scuttle the summit with president trump. the u.s. wants more evidence that kim would give up his nukes before agreeing to more talks. in a related matter, the trump administration has halted recent government practices of disclosing the size of the u.s. new your weapons stockpile. president obama had declassified for the first time the history of u.s. weapons dating back to 1945. the trump administration had also given warhead numbers as recently as last year. this appears to have changed because the energy department now says it cannot disclose anymore such information. foxcon

he just spoke, saying the first session with the ustr robert lighthizer,, was in the september agreement. let's take a look at the prospect and timing for this deal. kristof joins us now. given that we know a lot of the heavy lifting was done painfully over many rounds of negotiations over the tpp, are you optimistic, notwithstanding issues over autos in particular, that we can come to a pretty conclusion? >> the two countries of course have already negotiated a considerable amount in preparing for what would have been u.s. participation in the tpp, the transpacific partnership agreement. we think there is a lot of groundwork that have already been laid. theu.s. has negotiated agreement with canada and mexico to replace nafta. and there is a lot of very important content from a business perspective in that. a lot of work has been done, and i think the two leaders, from everything we have seen, including that joint statement you mentioned, seemed to have , soted a course here hopefully, at the trade negotiations, things can proceed relatively quickly. haidi: how much concern do you have t

waso have the extension healthy, because secretary mnuchin and robert lighthizer had been negotiating diligently. i think we have a balanced approach. i think we are down to the last few big items. i anticipate we will see some announcements coming out. david: joining us now from .eijing, lester ross he helps advise foreign on these regulatory issues and is constantly in touch with officials there. he has a good idea what is happening on the ground. thank you for joining us. we got word that donald trump is set to meet later today. from the people you talk to, is there a sense a deal might be imminent? >> it certainly seems that the deal is coming very close. we know that most of the issues and progress on the issues has come very close to being resolved, so we are down to the last few issues that remain to be resolved, that can be result in the current negotiations. so, yes, we are very close. rishaad: what do think that deal will look like? probably just succumbing to your conjecture and large part, but the important bit will be --p and enforceability of it will be the enforceabilit

talksnister says he wants with robert lighthizer. it has been revealed boeing said the upgraded 737 max 8 wasn't suitable for certain airports, even before last month's fatal crash. the plan should not be used at high or hot airports more than a mile apart. altitude has not been cited as a factor in the disaster. a pilot says it could i made the situation worse. founder julian assange has been charged in the u.s. after being expelled from his long-standing refuge in london and being immediately arrested. he appeared in court to complain of what he called illegal arrest at the start of what is expected to be a lengthy legal battle against extradition to the u.s. assange is accused of hacking conspiracy with former u.s. army analyst chelsea manning. israel's hopes of landing a spacecraft on the moon ended in disappointment. the capsule lost contact with mission control and crashed as it attempted to make history with the first privately funded lunar mission. israel aerospace confirmed the failure and said debris spread over a wide area

byah: a delegation led robert lighthizer is expected to head to beijing. starting tuesday they will have the 10th round of talks jordan trade deal. the treasury is also expected in that mission. we heard from him and what we have heard from the administration, they are almost there, they are close to a deal. , in the nexthand couple weeks, if they do not get a deal they might be willing to go to donald trump and say we've been negotiating rounds and rounds and it does not look like we can come up with something on a quick timeline. that shows the high-stakes ground we are on for the next couple of weeks. to have any sense of the major issues left? wayident xi went out of his to say if we make a deal we will stick to it. that would go to enforcement? sarah: steven mnuchin said they are close. what that would mean is having an agreement in place so the sides can police each other. if one of them does not live up to a promise, the other can put tariffs in place without fear of retaliation. this would be at the crux of any deal. the biggest complaint from the

they will meet with treasury secretary steve mnuchin and robert lighthizer. they met last week trying to work out disputes over tariffs. >> craft beers are swallowing up market share in making up a quarter of the u.s. beer market. retail sales of craft beers went up to nearly $20 billion. overall, the beer market was basically flat with $114 million in sales. >>> more pet owners in the u.s. are feeding their pets fresh food. they say u.s. sales of fresh petfood jumped 70%. they say fresh fruit improves the health of dogs, cats, and other pets. veterinarian say there's not enough research to prove whether it is better than dry food. but they say that they are following the trends and plans to open up a kitchen in new york. >> a kitchen? >> that will make 2000 pounds of fresh food every day. >> wow. >>> the time is 6:49. >>> a software developer in the south has created a map that he is calling the airbnb of parking. he is a former engineering grad student at san jose state. he created a app called park stash. it allows homeowners to rent out the private drivew

to find a are trying way to bridge the gap between nancy pelosi, and robert lighthizer, trying to find ways to put more tea into the mexican labor standards. the thinking is the standards are a lot lower, more incentive to move a factory there. if you raise them, it is good for workers and maybe stops the bleeding of jobs to the south. our colleagues have a story on to put ay on this push side deal together that would add some teeth. in particular, exempt individual facilities from a trade deal, if they don't meet the conditions. in other words, you would not get the preferential zero tariff if you are not playing by the rules. one to watch in particular. sherrod brown is an interesting bridge politician. he agrees with trump on a lot of things regarding trade. he is from ohio, a big swing state. amanda: on the canadian side of the border, concerns about ongoing steel and aluminum terrace, a sense that that could be a sticking point. are we far from ratification? not far from an election year in the u.s. is this a risk? josh: they been ratcheting up pressure here in canada. october, it

and he's back at the bargaining table with robert lighthizer i'm trying to summarize the reports we're seeing optimism is the word of the day as we said investors are are encouraged by this. the rally continues a half hour from now we're looking another solid triple digit gain for the doug and last 90 days dow is up a whopping 15%. and nasdaq we're looking at a gain there of 47 point maybe two-thirds of one percent half hour from now. to the border, the president says he's ready to close it. he doesn't want to. because it would hurt our economy. but the closure threat is on the table. he puts security above economics. just received a latest numbers too. 1100 cross the border around el paso yesterday. so for 12 straight 1,000 or more have crossed. the homeland security chief says that crisis is like a cap 5 hurricane. and here is your joe billedden update. two more women have come forward accusing him of inappropriate and unwelcomed touching. there are now four accusers. is his presidential bid over before he's even formerly announced it. we will ask is that question. stay there please

isoline: robert lighthizer the key negotiator here, and has always been the china hawk. a u.s.panies that may be venture has within china, they would have full ownership, they .ouldn't have to have >> we have heard from our sources that parts of our agreement would open up full ownership and parts of our industries to foreign companies. they want to operate there instead of joint ventures. commit to a certain amount of purchases by 2025. those purchases would be frontloaded ahead of his bid. there is probably a political motive in play. lighthizer is here for sort of the end game. he would like to see a deal. yesterday, when president trump met with the chinese negotiator, lighthizer said there was a lot more work to be done. i think he offered that dose of reality. caroline: dose of reality also coming to china. when you are looking at the train numbers, you are saying that everyone kind of once a deal done. when you are looking at the measures and showing how much imports-exports have been falling, and negative territory, seeing the monthly trade balance coming down. f

robert lighthizer told a congressional committee there was a lot of work to be done. the question now is what will be in the deal and what they'll be able to agree to in such a short time to be able to say, at the end of talks this week, that they have a framework for the presidents to agree on. shery: they have already offered concessions, like extending the lifting of auto tariffs on u.s. also including fentanyl, which was interesting, in their list of controlled substances. what was this about? they did offer these concessions. we heard about this monday in beijing. again, these are token gestures. a show of goodwill, that china is willing to go the extra mile to meet the u.s. somewhere along the way. let's this in perspective. the u.s. is asking for fundamental changes to the chinese economy. the worry is the u.s. will fall into the trap of taking small things, a few more purchases here and there, opening up of the investment environment in china, and not really follow to ask on its promise china to reduce state subsidies, protect u.s. companies intellectual prope

treasury secretary steve mnuchin and robert lighthizer are expected to fly to beijing next week. top chinese negotiator will travel to washington the week after. top white house economic aid larry kudlow says talks are going well. >> we made a heck of a lot of a further,nd on larger, broader scale in the history of any u.s.-china trade. i don't want to make a prediction on the forecast, but we have gotten closer and we are still working on the issues. jessica: new zealand and france to cohost a meeting of world leaders and tech bosses next month on how to stop social media being used to promote terrorism. the pair of talks aimed to release a pledge to eliminate extremist content on the internet. leaders will meet two months after a gunman killed 50 people at two months in christchurch. north korean state news says kim jong-un as left on a private train for his meeting with resident putin on thursday. the two leaders will hold talks and will concentrate on kim's nuclear program. the meeting follows the collapse of ki'ms second summit with president trump when they cannot find agre

lauren: treasury secretary steven mnuchin and trade representative robert lighthizer travel to china next week for more trade talks. the white house top economic advisor says the two sides are making progress. here he is. >> there's some very important trade reforms which i think are going to pan out. i'm an optimistic on that. i always take the over. i can't say for sure, but things are moving at pace. lauren: the u.s. has been pressing china on issues that include intellectual property protection and the forced transfer of technology by u.s. companies seeking to do business in beijing. cheryl: president trumps says he's opposed to current and former white house aides testifying before congress in the wake of the mueller report. in an interview, the president said complying with congressional requests is, quote, unnecessary after the white house cooperated with the special counsel's investigation. lauren: hillary clinton says anyone other than the president would have been indicted in the case. >> i think there's enough there that any other person who had engaged in those acts would

still in town, still wrapping trade talks with robert lighthizer and steven mnuchin. they had made progress yesterday, but speaking earlier today president trump said he would not predict an ultimate deal between the u.s. and china. he also signaled that when he does meet with president xi jinping, wherever that might be, it could be as soon as a few weeks, that it would be to finalize the deal. we know the u.s. and china are talking about china purchasing the commodities, enforcement mechanisms, including lifting some tariffs but keeping some on to ensure china continues on that front and to allow the u.s. to make purchases of chinese firms. to ourthanks so much chief washington correspondent kevin cirilli. it was not just china and jobs president trump was focused on. yesterday he threatened new tariffs on cars imported from mexico. he says it is a national emergency. >> we will give them a one-year and if the drugs do not stop, or largely stop, we will put tariffs on mexico and products, in particular cars. the whole ball game is cars. david: we welcome someone who

trade representative robert lighthizer and treasury secretary stephen mnud chin. the u.s. and china, they are closer to finalizing a deal, least that's the report. we'll see whether that moves markets today. carlos ghosn tweeting this morning, yes, he is on twitter, and he is saying i'm getting ready to tell the truth about what's happening press conference on thursday, april 11th mark your calendars for that that tweet came from a verified twitter account baring his name, and that was created just this week the british prime minister theresa may will push to further delay the exit from the e.u. may says she plans to meet with labour leader jeremy corbin to break the brexit deadlock. without a plan the u.k. will crash out of the european union, and mark your calendars for that it will happen next friday if it does happen. >>> u.s. equities. the dow looking like we would ep on up 76 points higher the nasdaq up 36 points higher if the market opened right now, the s&p 500 would open up close to ten points higher >> let's talk about what to expect for the equity and bond marke

lighthizer and steven mnuchin travel to banaling the following week china's vice premier would head to washington and after the two sides wrangle over the text and legal language, they hope to have an agreement that can be signed during a presidential ceremony by as early as memorial day. there is a loot more deals to be done this is what former. >> i am skeptical it's going to be the permanent kinds of systemic changes that we all would like to see. i actually think incremental progress would be a good thing as well. i think the problem is it's coming at a high price the mode of engagement that we now have with china but also with our closest allies like europe and canada is creating conflict between the united states and the world causing uncertainty and i think slowing down the confidence that you need to have sustained growth. >> there isn't a lot of detail a provision to detect currency manipulation, and the removal of tariffs will be tricky the two sides are still apparently very far apart on the timing of the removal and which tariffs should be lifted unionic on on, cnbc busi

he's been meeting with robert lighthizer and steve mnuchin in washington d.c. they met in beijing last week. they're being inching closer to a deal. a deal is not done yet, but they're getting much closer and the president earlier today was optimistic that something might get completed. listen here. >> they want to make a deal. we'll see what happens. has to be a good deal. it's got to be a great deal. technology, intellectual property theft. everything is covered. there's not a thing that is not covered. we could have make a quickie but we're in a good position. our economy is way up. china is not way up. we're going to make a good deal or not a deal at all. >> there's been some reporting today that when the president meets with the vice premier this afternoon, he may announce a summit with president xi to sign a trade deal. i'm told that is unlikely to happen. but with president trump, anything is possible. it doesn't appear they're close enough to a deal. there's the trade sieve there. there's a lot of thorny issues to get through, shep. xi jinping made it c

next week ambassador robert lighthizer and steven mnuchin had to beijing for a couple weeks of talks, and them we have the vice premier coming back the following week to washington. we are in this end game in terms of nailing down a deal. when we will actually get that deal is unclear. yesterday president trump saying he expected a visit from xi jinping sometime soon. david: you point to an important part of the speech. it sounded like putting on the agenda foreign investment, subsidies. has president trump made progress just getting the chinese to admit they need to talk about those things? shawn: absolutely. that is something you hear from both sides of politics in washington. no doubt president trump and his policies have brought the chinese to the table in a way that has not been seen before hand, and very publicly the chinese are doing their best to endorse these changes. changes a lot of economists argue are necessary for the chinese economy, which has its own problems. there is a kind of win-win situation and politics on both sides. once theonald trump trade war wrapped up befo

trade representative robert lighthizer kicking off new round of trade talks in china. we are taking a look at what's at stake for both sides. markets look like, this futures indicating markets open mix, nasdaq futures lower by 9 and a half. yesterday the markets, take a look at the markets at the close where we did see gains across the board. dow industrials at the close 11 points, s&p 500 up 3 and the nasdaq up 15 points as more talk on wall street yesterday. strong consumer spending numbers, in europe this morning, reaction like, this european indices are lower, ftse 10 down 13 and a half points, cac quarante down 23 and dax index in germany lower this point. fractional moves nonetheless to the downside. in asia here is the story, worries about slowdown in china. shanghai composite is up 1 half

steven mnuchin and robert lighthizer due to resume negotiations tomorrow in beijing, with china's vice premier. they will discuss issues such as intellectual property, forced technology transfer and enforcement. democrats and labor groups are calling for changes to president trump's agreement to replace nafta, known as usmca. nancy pelosi and other leaders have indicated some labor rules need to change before the agreement can come up with a vote. maria bartiromo caught up with steven mnuchin before he headed to beijing. she asked him about the talks. >> as you know, the president has us focused on trade issues across the board. so we made a lot of progress. we couldn't be more pleased with usmca. we hope to see the speaker bring that to the floor, so we can get that passed. cheryl: you can watch the full interview with steven mnuchin this morning on "mornings with maria." lauren: boeing under fire, new information now coming to light following the deadly crashes of two boeing 737 max jets. according to published reports, dong boeinboeing did not tell at turned off a system that warns

trade representative robert lighthizer that is the first time the treasury secretary has been here in order to shake hands. the atmosphere is more positive than i've seen in all nine rounds of the talks that i have covered here. according to the u.s. chamber commerce official, we're at final stretch of all of this. in about two hours, as you know the vice premier would be in the oval office to meet with president donald trump. president trump said he would not make any announcements but he said he would not sign a bad deal. >> it is going very well. top officials are here. we're well along on the deal. it is very complex deal. very big deal. one of the biggest deals ever made. maybe one of the biggest deals ever made. it will be a great deal for tour farmers. reporter: u.s. trade representatives office is preparing for another round ever meetings tomorrow, extending the visit. these were unscheduled meetings. the main sticking point seems mechanism around enforcement. the chinese would like tariffs gone right now, never to return. the u.s. wants to keep some of those tariffs in place

we know robert lighthizer has hawk,riving it, a known mnuchin less so. ip inre nitpicking over particular, and how you measure how china lives up to expectations. who is winning, the hawks or the doves? kevin: it is interesting. last time we had one of these meetings, president trump was more aggressive against his own staff then he was necessarily with the chinese, most notably with mr. lighthizer. shawn touched on this. from the administration, they are facing heat from capitol hill republicans who want the terrace completely rescinded. facing intense lobbying efforts from the business community. the president signaling he might keep in part some of those tariffs, as a potential enforcement mechanism, giving the chinese until about 2025 to make tdo with what they say they want to do. the bottom line, that is the policy angle. political implications are twofold. first, the president is getting some political advice to wrap this up with china. you have a potential recession on the horizon. wrap this up with china. it will juice the markets and you can he

trade representative robert lighthizer, treasury secretary steve mnuchin kicking off a new round with china's top trade negotiator. edward lawrence outside the u.s. trade representative in d.c. where the talks are currently underway. edward? reporter: charles, the treasury secretary steve mnuchin arrived here about 15 minutes ago for the afternoon talks. vice premier liu he is inside a few moments ago, came in. some signs are positive. look at this, a rare sign, show of emotion from the vice premier, where he stopped, smiled, actually waved that is the first time he has ever done something like that walking into these talks. it is very relaxed atmosphere this morning. white house economic advisor larry kudlow says the chinese are finally acknowledging they need to follow trading rules. >> we're making headway. i hope we make some more headway this week. the chinese have acknowledged these problems for the first time. they were in denial. reporter: he says that protecting intellectual property will be a big part of this agreement. in fact, the u.s. trade representative saying that sect

cheryl: well, treasury secretary steven mnuchin and trade representative robert lighthizer are kicking off the next round of face-to-face meetings with china's top trade envoy. lauren: edward lawrence is in washington with the latest. >> reporter: good morning, lauren and cheryl. the u.s. trade team met with president trump yesterday ahead of the face-to-face meeting the chinese today. white house economic advisor larry kudlow says enforcement will be a big deal in any agreement. he says that's still a sticking point. also, the chinese would like to see tariffs removed, never to return. the u.s. wants to be able to use tariffs as a penalty without retaliation from china if they break the agreement. kudlow says it will cover intellectual property theft and removal of barriers. >> it's a larger discussion than anything we've had before in u.s.-china trade relations. there's a certain amount of optimism. things have to get done. i'm not going to get up here and get ahead of that story. we will see. there's still certain issues that need to be resolved. >> reporter: last week, the chinese

trade rep robert lighthizer proposing retaliatory tariffs on a list of eu goods. sylvia has that story for us. >> reporter: the european commission has said that it takes note of the u.s. position, however, brussels has said that the $11 billion figure is overly exaggerated. brussels has said that this number is based on u.s.interna estimates, so as you can see there, the european union is challenging this figure, but all in all this is just another episode in a very tense relationship between the eu and the u.s. when it comes to trade. last year the u.s. has increased tariffs on steel and aluminum products from the european union. since then, the 28 european countries have retaliated. they also put tariffs on certain u.s. goods and let's remember as well what happened earlier this year when the president of the european commission met donald trump in washington. back then they agreed to start trade discussions, however, these have not formerly began. let's see how their relationship will evolve in the coming months when it comes to trade. >>> let's bring in steve

trade representative robert lighthizer set to return to beijing the week of april 29t april 29th. the chinese envoy returning to washington the week of may 6t may 6th. president trump said the negotiations were, quote, moving along quite well. lauren: maybe we'll have a me more l y'all day deal. the crisis on the border the number one issue on americans' minds. we have the latest. and time is on brett kavanaugh's side and people are not happy. the growing outrage after the magazine puts the supreme court justice and his accuser on the same list. keep it here on "fbn: a.m.." >>> if somebody's thinks measuring is full, i tell you, my community in indiana isn't full. we were built for 130,000 people now. i could use taxpayers to help us fund it. lauren: pete buttigieg taking a swipe at president trump while campaigning in iowa yesterday. the south bend, indiana mayor responding to the president, saying the u.s. is full and could not accept more migrants into this country. as the debate over whether there is a crisis at our border continues. cheryl: whether you think it's a crisis or

trade representative, robert lighthizer, will be leaving for a meeting starting next tuesday in beijing to continue the talks. then the chinese come to d.c. for talks on may 8th. the president so far happy. >> we're doing well on trade. we're doing well with china. things are going good. >> reporter: in a trade deal, the chinese asked for guaranteed access to certain markets, a spokesman for the chinese foreign minister saying all the chinese companies deserve a chance at getting business in all countries including the u.s. >> we also hope that the countries concerned can provide a fair, just, and non-discream non-discriminatory business environment for chinese companies, including huawei and strive to seek mutual benefit and win results. >> reporter: the united states warned allies about allowing huawei to set up 5g networks for fear of spying. with the usmca, all that's left is to ratify in congress. we hear some grumblings that labor and environmental protections are not strong enough. the mexican ambassador to the u.s. says as far as mexico is concerned, the agreement should not be

trade representative robert lighthizer and treasury secretary steven mnuchin will start the tenth round of face-to-face talks with the chinese. in an exclusive interview, the treasury secretary mnuchin says yes or no on a trade deal with china could be answered next week after the chinese delegation comes to washington for talks on may 8th. >> we hope within the next two rounds in china and in d.c., to be at the point where we can either recommend to the president we have a deal or make a recommendation that we don't. >> now, the sticking point is still enforcement and tariffs. trade sources say that one plan is to have the tariffs roll off as the chinese reach certain benchmarks to follow through with the agreement. for example, if enforcement of intellectual property for companies comes through then some tariffs roll off. larry kudlow says this trade deal would cover a lot of ground. >> it includes the tariff and nontariff barriers for commodities and industrial supplies. it includes the issue of ip theft. it includes the forced transfer of technology and ownership. it includes enforc

robert lighthizer has said to congress that he doesn't want a soybean solution. >> which means? >> that china is agreeing to buy a ton of products like oil, liquid natural gas, soybeans. >> basics. >> yeah. they're not agreeing to buy electric cars, machine tooling products. this is what we want to make in the future, what we are making now. this is where china wants to go. if they buy our soybeans, we have not solved the future relationship where we want to make electric cars, they want to make electric cars. >> but his base will think the deal is successful. the base will say we've done the deal. here's the photo-op. once again another win for trump. another win for the administration. >> i'm not a political analyst. i can tell you more soybean purchases will not cut it. >> i would say more liquefied natural gas purchases would. one thing about the fracking revolution, we are the largest producer of natural gas in the world. surpassing russia two years ago. this is a big export opportunity. the fracking community is adding jobs. >> i think you're hitting on an extraordinary po