canada and the u.s. not to make this deal. but sounds like the u.s. is increasingly coming from a position that you need this and you need to join us and you've got no other options 75% of your exports come to this country. >> asked if the u.s. was negotiating in good faith, declined to agree with that characterization. >> i said this morning, top headline or top op-ed on the home page of global mail, why canada could tell the u.s. to shove it on nafta. there's a branch of the media, canadian media saying let's play harder ball. >> and this is president trump's style. he comes from a totally different background you're not going to get normal trade talks or diplomacy the question is is he going to get the deal done, is he going to keep our relationship with our best friend, canada. there's a bombshell leaked to toronto star about some secret off the record talks president trump made during an interview with bloomberg that were pretty aggressive, that he is not making compromise in talks with canada, he h

at least canada knows where i stand. he take as hard land with canada. they have an agreement with mexico. they're trying to see if canada signs on to the trilateral parts of that agreement. that is what is happening right now. it will start again in ernest on wednesday when the canadians will be back in town. david. david: just to finish up on robert lighthizer, he is the u.s. trade rep 's statement, this is the final paragraph. we're negotiating with canada. this week the meetings continued at all levels. the talks are constructive. our officials continue to work with the agreement. the ustr team will meet when minister freeland and minister of canada and her colleagues next week. stay tuned, folks. edward, thank you very much. >> if we don't make a deal with canada that's just fine. we'll see how it all works out. i say, affectionately we'll have to tariff the cars coming in. a lot of money coming into the coffers of the united states. kristna: act fun shun affection atly. a current member of the canadian government advisory council. there is so much.

canada wants that out. and on chapter 11, the investor state dispute settlement, we'll see what happens with that i don't know what happened in the negotiations with mexico i suspect that it's going to be sector directed. it can only be available for certain sectors, but i don't know that, i haven't read the text. >> none of us have matt, i am curious, our friend on twitter is looking over a statement from christa freeland that says canada's signature is required to what degree do they have leverage here. would they just roll over this to get it done by friday >> well, the united states has very limited leverage. president trump's threats from nafta if he doesn't get what he wants was never a credible threat that's a dissertation of itself. i agree with ambassador hills, it is important to the united states to get rid of chapter 19. that relates to two special kinds of customs duties imposed on canadian or mexican goods on a temporary basis. a right of appeal to not u.s. courts but to bi-national u.s. or ca

if they're in canada and make a claim for asylum, there's an obligation on the part of canada to give them a fair hearing and determine their status. are they or aren't they not in need of canada's protection? they are found not to need candace protection, in other words, it's not a legitimate claim for asylum, this process not a refugee, then they become inadmissible to canada and they need to be removed from canada. the law provides for that. if they do sustain their claim and convince the immigration refugee board through a process of due process of law that the claim is legitimate, then under the law by virtue of section 133, how they entered the country becomes irrelevant and non-actionable. non-actionable. that's expressly in the law in section 133 of the immigration and refugee protection act, and that is the law as it stands now, as it is stored all through the period since the 1970s. >> thank you very much. does charter terry relevance? >> the charter embody the principles of due process and fairness and natural justice. and ensuring that people are treated in a humane and co

if canada is willing. they will be discussing once again and coming back to the table on wednesday. canada's foreign minister has been scheduling a press conference for 4:30 does afternoon, which we will bring to you live. joining us for white house perspective is to lose honor and above. what you make -- toluse onorunnipa. the white house reaction has tapered off because many are hoping that on wednesday that will be an agreement on the table. >> we have been changing narratives -- seeing changing narratives hour by hour. first the deal looked like they were close and then they were breaking down and now they have agreed to have a pause until next week. it is in part because the president is trying to drive a hard bargain. he told a couple of my colleagues at bloomberg that he wants to push canada very far, and if canada does not make a deal right away, they will have to make a deal because the u.s. has more cars than the canadians do. he says he is willing to move forward with car tariffs if necessary. i

canada will only sign a deal which is a good deal for canada. we are very, very clear about that the prime minister has said that on a number of occasions including this week that we want a good deal, not just any deal and a good deal is one which is good for canada and good for canadians. a good deal is one which reflects the canadian national interest and which canadian values are defended. we are absolutely clear about that i also want to say, as i said in my opening remarks, i have now been working with ambassador lighthizer and his team for more than a year. we have had some very intense periods of working together. and ambassador lighthizer and his team are very experienced professionals, and they absolutely do bring good faith and good will to the negotiating table. i think this week we have really over the course of the entire year, we now understand each other's positions very well and very clearly and we're working hard to find those win-win compromises that we're going to need. i'll take the next question. >> good afternoon, minister.

we will see whether or not we or do ao put up canada separate deal with canada. it would be easy to do. i will tell you that working , it you has been a pleasure has been a special time. you came together for your country. that is important for the media to know. we have media in our presence. the media should know that the president and the president elect worked together because the president felt it was important that the president-elect liked what he was seeing. our teams work together and your team was well unified. i was impressed with the fact that the presidents came together and worked out something agreeable. it is an incredible deal for both parties. it is an incredible deal for the workers and the citizens of both countries. our farmers are going to be happy, the farmers have stuck with me. mexico has promised to start purchasing as much farm product as they can. they are going to work on that. withu know, we are working other countries. china is one. they want to talk but it is not the right time. it is one-sided for too many years so it is not the r

put on steel and aluminum tariffs on canada ninety nine point nine percent of all trade with canada was terra free thirty five of our states in the united states their number one export market is canada this is too important we create millions of jobs he got himself a motional in his relationship with trudeau and i think that he needs to step back a minute in and realize that this is the most important trading relationship the u.s. has and it's not just canada and the us donald trump has other trade wars going on which should be the priority as far as you can because you're concerned which country should be should he be focusing more on it's not canada and mexico as you say. the largest issue is china and i think everybody recognizes that and it's not just the deficit it's the protection of intellectual property and the entire working relationship with china needs to be the focus now fighting with your own allies in taking. you know tariffs with mexico and canada and then the you are you know mr directed i think and i think that fighting battles on multiple fronts on any whether militar

and canada. the four-day chart of the nasdaq, the rally we have seen, the best in nearly two months, up last friday on jay powell and the u.s. and mexico trade talks. yesterday, flat but a small gain. nickel up. with the gains and above the 8000 level, we have something to point out. you this chart of the nasdaq using digi tv function in the bloomberg. the nasdaq over the last year, mainly a beautiful up trend but the middleoppy over of the year and buyers taking control. rsi, momentum reader on the bottom come in january when the nasdaq had put in another set of all-time highs, well extended above the 70 level and into the near correction territory. now moving back to the top of the level and above the seven day, similar to the last time all-time highs with the nasdaq and s&p 500, and then down. perhaps some chop ahead. bulls in chart. 1.2% on a bullish inventory report. final rate on paper -- maybe a reversal for commodity with the dollar weak, slipping between small gains and losses. oil helpi

. >> what's the message to canada, larry? well, the message to canada is look carefully we would like to coordinate with you. we would like to make a good deal with you. you've seen a lot of the issues. we also know there are stumbling blocks with regard to canada but for now we're going to celebrate the mexican deal, which by the way most folks or many folks didn't think we'd ever reach and we hope canada is watching carefully at how successful negotiations can go. >> and what's the plan, larry, if canada doesn't join the party? can the bilateral deal still be pushed through as it is, and is it that possible before the mid-terms? >> we believe the bilateral deal could be pushed through congress as it is i'm not a lawyer, but, yes, we think it can regarding the other side with canada, again, we really would like a deal with them. there are a bunch of issues. we've been at it for some time they know the issues, we know the issues but i must say from time to time, the president has said if we can't reach a good strong fair deal

no trade with canada nothing new can happen with canada and then of course the newest is when this my favorite favorite is we barley they're not allowing wheat and barley in from canada that all the numbers here quite big if you look one hundred thirty to two thousand tons of barley.

we will see whether or not we decide to put out canada or just to a separate deal with canada if they want to make the deal, the simplest deal is already made, it would be very easy to do to execute it. i will tell you that working with you has been a pleasure, speaking with and working with president-elect lopez has been absolutely a very very special time. you both came together for your country, you worked together and i think that is important for the media to know, we have a small amount of media in our presence like everybody. and the media should know that the president and the president-elect worked very closely together because the president felt it was important that the president-elect liked what he was saying and our teams worked together, our teams were really well unified and your team was very well unified, i was very impressed with the fact that the two presidents came together and worked out something mutually agreeable. so it's an incredible deal, an incredible deal for both parties, was importantly it is in a grid will deal for the workers and citizens of both count

directly with canada. it seems like, when you ta ke with canada. it seems like, when you take a look at market sentiment, there will be a deal between the us and canada between looks of it, but does trump really want from a ministerjustin trudeau in canada and what is canada on from this deal? —— prime minister. and what is canada on from this deal? -- prime minister. trump's main position is reducing the nominal benefit —— deficit and increasing manufacturing jobs. that is why all of these agreements, including with china, these revolve around autojobs. including with china, these revolve around auto jobs. canada including with china, these revolve around autojobs. canada has a serious deal breakers and these are these investment stake issues, where a private company in that nafta region can sue and other government for loss of profit if say, environmental regulations in canada gets past. if it has a us company it can sue them for canada. that is a dealbreaker, they can sue them for canada. that i

hello and welcome to the program i'm a homage i'm joy in saudi arabia considers canada's comments on human rights in the kingdom to be an interference in its affairs that requires what it calls a sharp response it has expelled the canadian ambassador and recalled its on voice from ottawa. it's state owned airline has suspended direct flights to iran and the government says it will in trade and investment ties it all began with a tweet from canada's foreign affairs ministry stating concerns over saudi arabia's arrest of rights activists and demanding their immediate release one of those activists mentioned that tweet is somewhat of by the week a relative of canadian citizens by the way and fellow activists and saga were arrested last month but who is the recipient of the two thousand and twelve international women of courage award who is known for challenging saudi arabia's male guardianship system she is the sister of blogger a five by the way and the former wife of a lawyer would be the world who are both serving lengthy jail terms in saudi prisons the canadian foreign minister says

-canada trading relationship is huge. there is an election coming up in canada next year. let's say the nafta deal fails and if the economy is looking weaker, that could put pressure on justin trudeau politically -- questions about why nafta, he was not able to save it and if it is impacting the economy. i think justin trudeau has to be seen standing up to donald trump and not caving in to pressure from him. there is strong sentiment in canada that we need to differentiate ourselves from america and showed we can stand up to them. he will need to walk that fine line. romaine: thank you, sarah, joining us from washington. taylor: let's get the first word news with courtney donohoe. >> white house counsel don mccann is stepping down, president trump says he will leave in the fall after senate confirmation vote on supreme court nominee brett kavanaugh. reportedlyas cooperated with robert mueller's investigation and has said to be interviewed at least three times. homebuyers in the u.s. appear to be balking at higher prices and a lack of choices. the national association of re

they say, canada, we love canada. i do too. i love their national anthem. it is called very appropriately, o canada. would you like me to sing it? but, but, they have taken advantage of us, as has virtually irv country in the world. in fact when they haven't, i say what's wrong with you? but i can't find any. i said off the record, off the record, i said something strong, that is my belief. they violated it and they said they were violating it. it is unbelievable what is happening with the fake news. it is unbelievable. when you say off the record, that is a very, it is not a legal term but it is a term of honor. so when i say off the record, here's the story in order to save time, i don't want to waste a lot of time, they say, they printed my off the record. they said, president trump said off the record. then they go on to this -- i said this is a first. these are very dishonorable people. but i said, in the end it is okay, because at least canada knows how i feel. so it's fine. it's fine. it's true. [applause] just happened. i mean just happened as i cam

the foreign minister of canada is in washington right now. what are we asking of canada? canada toasking of consider joining in the agreement that has already been reached with mexico. that is the basic ask that we have. what remains to be seen is how close the canadian attitude is toward that and if there are any modifications that work for us that would bring them around or if they want to much. much. -- want too david: this is not a take it or leave it from the u.s. point of view? >> most of the chapters have already been agreed to and were known to canadians for quite a while. chapters, thet details are name. is first question will be getting the canadians to understand the implications of this chapters. and then the question is what is their reaction to them and are there other chapters they think might be important? david: one bone of contention is the sunset clause. -- as you came out with it, it would be a review every six years by the parties. is that the chapter that the canadians have not had a chance to assess? >> yes, that is a recent chapter. they had been r

it puts canada ina can do about this situation? it puts canada in a berry difficult position. you saw trump today when he announced he had reached a deal with mexico, the very pointedly said if canada cannot come to the table and makea if canada cannot come to the table and make a deal by friday then he's going to put tariffs on the automotive industry, that's the key leverage the us can use in all this. the most important thing for canada above everything else is maintaining the axis of our auto industry to the united states, so trump has honed in very well on the weakness of canada and saying that if you don't agree with this very quickly we're going to ta ke with this very quickly we're going to take away the thing that's most important for you. so this is going to put a lot of pressure on canada to put a lot of pressure on canada to make some concessions and come to a deal quickly. talking of leverage, the president has a point when he says the us has suffering under a bad nafta deal. the us could have extracted more in the initial deal? i would argue it really wasn't a ba

we have been refugees ever since we came to canada. people of this country called canada to know that refugees and immigrants are not criminals and our economic migrants. these protections are granted easily in donna and in canada. it would reclaim that canada is not an easy process and an irb member, they were with me for over three hours and did not give me a decision after the hearing. it was a tough process and it is still a tough process. refugees able who are coming to this country are seeking protection and also we want to leave in the room where we transferred the from homophobic people involved. refugees and immigrants are also here to follow the laws of this country. so we want the canadian people to protect us and tell us your savior. i would like to thank people for giving me a free consultation with winnipeg. >> and i've completed my refugee application, he always withstood as the resident for my refugee claims here. i am very grateful to the canadian system for what they did for me and my friends area without them i would

while the diplomatic dispute between saudi arabia and canada over human rights is deepening among the saudi arabia for all new business with canada and education agreements to the immediate losers will be more than fifteen thousand saudi studying in canada they've been ordered to leave along with their families were going home could get slightly more difficult though saudi arabia's national carrier says its counseling is for weekly return flights between jet and toronto it's unclear how the saudi ban on new trade with canada will affect existing trade worth about four billion dollars namely oil from saudi arabia with vehicles and defense equipment going the other way well there's also a big question mark over a thirteen billion dollar defense contract signed back in twenty fourteen under which canada is to supply nine hundred armored vehicles to saudi arabia but saudi arabia is only canada's twentieth biggest trading partner with the ghost emetic product of more than one and a half trillion dollars for canada almost seven hundred billion for saudi arabia the loss of trade wouldn't mak

canada signature is required. the president e again says he be fine with a bilateral groament and touted success of this agreement saying, that includes not just auto but textiles medical equipment and information and technology community. >> the united states/mexico trade agreement, and we'll get rid of the name nafta with a bad connennation because the united states was hurt badly by nafta. for many yores and now it's a really good deal for both countries. and we look forward to it. >> no mention of the canada there but they want them so sign on and start negotiations to try to make that happen by the end of the week. back to you. cheryl: a closer look at the break through trade deal with mexico and potential deal request canada. and commerce secretary wilbur ross joins us on mornings with maria 7 a.m. eastern time. lauren: trump administration is paying farmers to compensate them for trade related loss. agricultural secretary sonny purdue says financial assistance helps farmers while administration reaches new

and mexico make a deal on trade and now they say canada should be part of it. iran goes to the international court of justice to try to get some relief from u.s. sanctions. and france's president says it's time for europe to stop depending on america for its security. soldiers and me and have committed the greatest crimes under international law by attacking or injure muslims according to the united nations its investigators say at least ten thousand people have been killed during military attacks last august where most prominent representative to the united nations says his government does not recognize the fact finding mission and has no relationship with it whatsoever well homage on june reports. the u.n. says military commanders in me and more should be prosecuted for genocide against the room into following their recent fact finding mission on me and more three investigators presented their report in geneva on monday included among the findings that me and mars armed forces also known as the top my down took actions that in the words of the un investigator

in canada and will be safe. on november 24, 2016, me and my friend got it, walked 14 hours across the border. on that night we both got frostbite resulting in loss of our fingers. we would've lost our life. [inaudible] he stopped on the side of the road and saved us and called 911. many canadians have helped us ever since we came to canada. i want the people of this great country called canada and other refugees and immigrants are not criminals or economic migrants. [inaudible] and irb member -- grilled me for over three hours and that gave me a decision for two months after the hearing. it was a tough process and it s still a tough process. people have come to this country seeking protection and safety, and also you want to -- [inaudible] we are also to follow the laws of this country, so you want the canadian people to please protect us with hope, courage and tell us you are safe here. i would like to thank you for giving me -- [inaudible] in the hospital many times. sat beside method and completed my applicat

$16 wage issue helps canada. canada has workers making $16, $17, $20 an hour and higher. the question is is that production going to move from mexico to the united states or mexico to canada i think it's an even bet a lot of that could move to canada canada is not in a bad place they will have to find things in other parts of the agreement that are wins for them freeland yesterday already said mexico made some big concessions. they are already squaring this as mexico make concessions, not canada they'll have to find things in the environmental provisions and say canada is also a winner on this the details of working out that language are hard that's why i think meeting the september 30th deadline will be tough to do. >> we'll count down and have your wise insight many times tony fratto, thank you >>> your rbi is timely it's coffee. what do you pay at store for a decent pound $8 the wholesale price of arabaca coffee beans have collapsed. so wholesale coffee prices are at 12-year lows. the weak brazilian currency i

deadline day for canada. the president says get on board with a trade deal, or we'll hit you with tariffs. canada is in a tough spot here. they need us more than we need them. prime minister trudeau, angered president trump at the g7 summit, remember that? mr. trump takes things personally. maybe that is another reason why our president is holding to a very tough line. the two sides are talking right now. we and the market are waiting for announcement. >>> coke getting in the coffee business big time. that is logical. soda sales are falling. coke needs a replacement. they're buying costa, british-based coffee chain and starbuck's main rival. coke has the reach to turn it into a global challenger. they did pay $5 billion. >>> when warren buffett speaks, people listen. he told fbn's liz claman, apple should not buy tesla. there had been speculation about that. since buffett owns $56 billion of apple stock. when he says don't buy tesla, they probably won't. it is a wait-and-see day on trade. new market highs and

let's take a look at these live pictures that are coming from canada justin trudeau there as we know we've got that right with that simpering between saudi arabia and canada we wonder if he'll say anything let's have a listen then. minister definitely conscious joy on the id so did yeah me. zero good looking on t.v. composer prove it was all you can ever do is rule and partly. claremont. respited was the man. to be honest where listening obviously in french there to justin trudeau who knows what he might say on the matter of a saudi arabia's foreign minister says canada is to blame for this. but he did it was not there is no need for mediation of a kind of them made a big mistake and has to fix it canada fully understands what's required from its mediation is when there are two parties who have demands in this situation the mistake has been made by only one party. it was kind of. something that canadians expect it's something that i will always do. the. scope of government. did what you just did what. shows can as i don't continue to fight just follow one options one hundred on the t

and now canada is in the mix on trade. if you look at the markets, the canadian dollar and the canadian stocks market is betting on a deal that canada will join. >> yeah. i think the canadians have been backed into a corner. >> we continue to keep an eye on trade talks. canada rejoins today u.s. lawmakers warning a bilateral u.s. mexico trade deal would struggle to earn congressional approval ayman jabbers is with us >> right we're in washington, d.c take a look around the corner where i'm standing at the white house is the office of the u.s. trade representative they're awaiting her arrival expecting 9:00 a.m. beginning talks today. she often talks in on the way in and way out. she gives us a couple of comments to give us a sense of where things are going last night emerging from talks she offered some positive comments in terms of the canadian perspective on this deal that was announced this week between the united states and mexico stressing some of the mexican concessions as key to canada's perspective here. >> what ca

and canada remains elusive. and a financial correspondent yens quoted joins us from new york against the friday deadline is upon us and it appears at this stage canada is out. well canada is out for this deal only this week no deal was reached but there was word that talks might continue next week but that doesn't mean that an important deadline was missed ended won't be possible illegally to have a trilateral deal before the new mexican president takes office december first and the big question is if congress will actually go with a bilateral deal with mexico and the united states without canada that could be tricky to achieve but overall at least the wall street reacted in a very moderate way and we ended the month of august and it was the best august for the nasdaq composite in eighteen years and the best august for the rest of the market in the past four years all right so the new mexican administration not into the first of december we've got quite a few months to chew over this topic taking a look at trade

canada europe. the minister has been doing a greatjob. this week they will continue that. they are not walking into these discussions cold. one to watch. thank you for explaining what's at stake. let's take a look at some of the other stories making the news. president trump has warned google, twitter and facebook they are "treading on troubled territory", amid a row over perceived bias. an aide said the administration was looking into the issue of regulation. google says its search engine set no political agenda and is not biased towards any political ideology. we'll have more on this later in the programme. shares of yum china holdings has been soaring after the fast food operator rejected a buyout. the operator of kfc, pizza hut and taco bell restaurants in china, has turned down a deal from a consortium of investors that valued the company at more than $17 billion. it would have been one of asia s biggest deals this year. a new study has found that shareholders are getting increasingly fed up wi

now it's up to canada as the u.s. and mexico agree to revised trade arrangements the other partner in the trade pact formerly known as nafta remains tight lipped about whether it will now. also coming up plastic bags a terrible for the environment and now kenya has taken the world's toughest stance against them but up to four years prison time for using one. this is your business update on how to have free glad you could join me the u.s. says is still hopes to find common ground on trade with canada after reaching an initial agreement with mexico on to a new look now after the u.s. president is pressing canada to accept new terms for the way car imports attacks if not the president says he'd happily leave also out but that comes at a cost mutual trade between the three nations totals more than a trillion dollars annually canadian prime minister justin trudeau said he would only sign a revamped north american free trade agreement that is good for his country. he pledged to defend canada's dairy farmers and said progres

the market thinks canada will join. what leverage does canada have over the u.s.? are -- they are major trading partners and allies. we have seen tension between trump and trudeau coming out of the g7 in quebec city in june. there are going to be some tensions that emerged when nafta was first announced of a revamped, it was only supposed to be tweaked with canada and it looks like the tables have turned and canada is on the back foot. this is still a three-way deal and there is a lot of debate over whether the -- whether trump has the authority to move ahead with this deal with mexico. there is still a lot of questions about whether the u.s. can move forward without canada. canada's opinion is that it cannot so i think it will use that as a leverage point. vonnie: if there is a deal and canada seems shortchanged because it was forced into it, what are the ramifications in terms of other things the u.s. and canada agreed on at whopper radon? -- cooperate on? >> trump said with canada it is this auto terrorist probe on national -- auto tar riff pro. trump dangled th

could canada be left behind? the foreign minister of canada is heading to washington? will canada signed? they are talking about a modernized nafta. probably hasmp agreed upon something bilaterally with mexico. we will talk trade, next. this is bloomberg. ♪ to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. manus: good morning from dubai. i am anna edwards. these are today's top stories. trade.trumps big day for the s&p hits a fresh record high as the u.s. president announces a new agreement with mexico. where does that leave canada? bad timing. u.s.-chinaort for deal saying it is not the right time to talk. one of china's biggest banks reports second-quarter earnings. the japanese automaker is investing half $1 billion in uber to catch up on the autonomous driving market. 2%.es up manus: very warm welcome to daybreak. it is

i think that canada -- everybody needs to just take a deep breath here canada especially in light of the president's recent tweet, canada has a surplus with the united states, $670 billion. we have a surplus in steel we have a surplus with the united states in dairy and we create millions of jobs, 35 states, the number one export is to canada so we need to make sure that if the next three days don't go well, that the united states doesn't start beating on canada and do all of the things the president was threatening on auto tariffs and the like or this market will turn around quickly. >> ambassador wayne, the thing we don't know as well, whether or not mexico is okay with the deal that doesn't include canada, right, even senators have been asked about that and say, ask the mexicans. >> i think the mexicans want canada to be involved in this. it makes a lot of sense. the real progress taken place over the 25 years has been the integration across north america. canada has been a big part of that canada is our number one trading partner, mexico number three for mexico it's really import

as it appears there is a major fuel heating up between saudi arabia and canada now canada last week on twitter the canadian foreign minister demanded that the saudi kingdom release jailed human rights activists a move saudi arabia to deep offense to an essence responded with a number of measures aiming to put a hurt on the canadian economy r.t. if alex mileage has more on the story from toronto. so the latest from saudi arabia is that they're going to stop buying wheat and barley from canada now that's kind of funny since guess who i was controlling shares of the canada wheat board well it will be a saudi arabian company to the to the tune of two hundred and fifty million dollars but this is just the latest in a string of punishments against canada they started off by boot not our ambassador and then pulling their ambassador from canada and then they moved on to different things such as say that they're not to do any new trading with us and that they're going to pull out sixteen thousand students from canada saudi students so these poor kids who are about to start their school year wel

caroline: the ball is in canada's court. canada is looking into the terms of the trade deal. >> a silver lining in trade tensions. maybe a good thing for the economy. we talked to the pimco cio in the next hour. and president trump accusing google playing dirty. saying the company mixed search results to get preference to the stories about him. did you miss? a canadian minister of foreign affairs is in washington making to keep canada and the rebound and remained north american trade agreement. after they closed a rudimentary take on the host for the united states to the north. >> we are as canada consider joining in the agreement already reached with mexico. basic asset we have to let remains to be seen is how close the canadian attitude is. >> let's welcome school policy studies professor from ontario, mr. wolf, thank you for joining us here at have you got much optimism about canada being led in on the part -- let in on the party? >> certainly in washington right now, talking to the other teams to find a what happened yes

canada has been bombed into this. canada is in a situation where it is suddenly having to take roles in a way that it has not had to before. —— bumped. i think it is very likely that canada will be able to accept an awful lot of what donald trump is nominally agreed with mexico, simply because the relationship between them is different. the relationship around cars, supply chain is that, ca i’s around cars, supply chain is that, cars are built to go across the borders, already $60 per hour is not a problem for canada. a loss of this is kind of picking a fight. what are the key areas for canada, politically one would think this is problematic, isn't it, for the government? you have a huge lobby in canada which is based on agriculture, even though that is not agriculture, even though that is not a big part of their economy. what has happened as they have picked up on agriculture. donald trump has picked up on agriculture and has kind of turned it into a holy grail, if you like, something that has got to be got in

canada and mexico can go on. i hope that will be the same thing in the future. >> you mentioned that relationship that you had with trudeau. knowing justin trudeau since a young age, what would be your advice to him in this stage of the negotiations? >> my high school teacher used to tell me we must accommodate changing times. the principles never change. that is one thing that has to be done in politics and in trade relationships. we have to accommodate the other side and make allowances for them. sometimes it yield on a particular point but keep the principle like fairness and equality. day, how dod of the you think the trading relationship between canada and the u.s. will play out in the years ahead depending on what happens with something like nafta? andhe people of america have an inclination of friendship and cooperation with each other. although we might have some thatcks on occasion, friendship comes through. i don't have any doubt that in future years the difficulties that we see right at this moment bet

the deal does not yet include canada. here is what he had to say about nafta and what the new and greed -- what the new agreement entails. president trump: hello, everybody. it's a big day for trade, a big day for our country. we negotiate tough, so it is mexico and this is a tremendous thing. they used to call it nafta, we're going to call it the united states mexico trade agreement and we will get with -- rid of the name nafta, that has a bad connotation because the united states was hurt very badly by nafta. for many years. but now it's a really good deal for both countries. and we look very much forward to it. and i believe the president is on the phone. enrique? you can hug him up. tell me when. him up. tell me when. it's a big thing, a lot of people are waiting. >> hello. president trump: you want to put that on this phone? hello? that would be helpful. >> president trump. president trump, how are you, good morning? president trump: thank you, and recap. nrique. congratulations, we've all worked very hard and you ar

could be done away with if the rest of their allies came up and actually stood by canada and said no this is wrong we as your friends are able to say this and you should take into account what our are concerns. so as we said before sort of alluded to the fact that canadair is a country with plenty of allies and pretty much where light across the world so if we're talking allies it's kind of interesting to see the official u.s. statement on the saudi candidate dispute of cut and paste of it here from slate dot com this is where we found it in full at least very time language lots of comments about. you know sort of general statements encouraging saudi arabia to respect due process when it comes to human rights but the line of highlighted canada and saudi arabia are both close partners of the united states i refer you to the canadian and saudi ministries of foreign affairs for further information so matthew godin with us now senior fellow in the europe program at chatham house joining us on skype from london. i described that as time matthew it's almost just completely non-committal sa

congress and to the governments of mexico and canada so far this is really just a. revamp a restructuring of the existing deal they have tweaked some of the built in agreements concerning the levels of what are called domestic content that is to share a vehicle that must be built in north america they've added a new requirement that certain share of the workers must be paid a minimum of sixteen dollars an hour if they're going to get the benefits of this agreement they've also expanded protections for intellectual property rights they made some changes to agricultural provisions some of this is just updating some of it is refinement of the terms in the original agreement the u.s. says it will block the reappointment of a judgement they will trade organization the appeals court holds hearings on international trade disputes the move would reduce the number of judges on the body to three which is the minimum number needed for the coal to function diplomats will have impending crisis if they need judges added to the bench. the u.s. is urging saudi arabia to cut the num

a spokesperson says canada has made no concessions on the issue and here is canada's prime minister, justin trudeau, earlier today. >> we will only sign a deal if it is a good deal for canada. again, no deal is better than a bad deal. and canadians. that is exactly what we are remaining firm on. are joined now by michael mckee, bloomberg's international economic and policy correspondent. how much wiggle room is therefore today's deadline? michael: there is some wiggle room. this is an artificial deadline put in place by the trump administration. they would like to be able to sign the deal before mexican president leaves office on december 1. the president has to send a 90 day notification to congress that a treaty is coming. he would have to do it today to get it in for that december 1 deadline. but, they don't have to have a completed treaty up to congress for another 30 days after this. there is still a month of negotiation possible. shery: now we are hearing from a spokesperson saying that the dailies -- of the dairy sector could be a problem. i thought canada had make concessions

that would require canada to sign off. this gives canada leverage. the other reason mr. lighthizer and the trump administration want this deal with canada, it would make it much easier to go through the u.s. congress. if it's just a bilateral agreement with mexico, much harder to get that through the congress. some good really fight that. it seems the u.s. is pushing for this, and canada is willing to come to the table. whether they can get it done is the question. yvonne: the foreign minister of canada, she mentioned mexico's concessions would be valuable to canada. how valuable can that be? there's still quite a few stumbling blocks. jodi: one major something block canada says is a redline. the nafta agreement, as it is now, there's a mechanism for anti-dumping panels to resolve disputes over these issues. the administration in the agreement now with mexico doesn't have that. it's pretty watered down. somebody has to blink, because canada says we can't do it without that, and the u.s. is trying to negotiate around it. that will be interesting. someone has to give in. t

canada jumping in. the minister who covers trade -- coversfor canada trade for canada. what does it mean for asia, china in particular? yvonne: the linkage may not be as positive when it comes to china. that is still the big elephant in the room when it comes to trade discussions. a lot of questions weather we have reached the end of this trade war. a lot has to happen before friday to really rejoi the nafta negotiations. kathleen: a lot of optimism and hope. a bit of a surprising development. you can see the dow jones industrial average gaining 1%. so across the board, positive response in u.s. stocks. the dollar just a little bit higher. nevertheless in the green. mexican peso gaining -- the best performer, u.s. canada dollar, the loonie, not doing quite so well. a lot more question marks over what happens there. yvonne: question about em currencies, is that going to be a stabilizing factor for the rest of em? that's going to be the want to watch. the good vibes seem to be continuing in asia. we are not extending the gains likely here today with the nzx japan,1%, but

and mÉxico, so canada might find a little more palatable to join in but this has been canada's strategy, they have been stay get away for the last 5 weeks because they wanted the u.s. and mÉxico furthest apart in nafta to find some sort of agreement and then they'll step in. so this is kind of play by play what they intended to do anyway. >> i think markets are pretty good barometer, christy freeland right now as we speak, so obviously they will negotiate right now. and i think it brings four things to the forefront, one canada back to the table and also show that is china and europe that a deal can be made with this administration and i think lastly it shows to the american people that there's an end game, you know, there's a rhyme and reason to this. connell: strategy. >> strategy is ongoing and likely to reset the course and i think year two from now we may will looking at lower tariffs around the world. >> do you think nafta is all that different from the original content? >> i think that's a big win. also what wasn't mentioned was intellectual property will be addressed and i thin

as it appears there is a major feud heating up between saudi arabia and canada now canada last week on twitter the canadian foreign minister demanded that the saudi kingdom release jailed human rights activists a move saudi arabia to the fence to an essence responded with a number of measures aiming to put a hurt on the canadian economy r.t.s. alex mileage has more on the story from toronto. so the latest from saudi arabia is that they're going to stop buying wheat and barley from canada now that's kind of funny since guess who i was controlling shares of the canada wheat board well it would be a saudi arabian company to the to the tune of two hundred and fifty million dollars but this is just the latest in a string of punishments against canada they start off by boot not our ambassador and then pulling their ambassador from canada and then they moved on to different things such as say that they're not going to do any new trading with us and that they're going to pull out sixteen thousand students from canada saudi students so these poor kids who are about to start their school year we

doesn'tjoin he with or without canada and if canada doesn't join he can with or without canada and if canada doesn'tjoin he can impose tariffs on their car imports. canada's foreign minister chrystia freeland has said she will travel to washington tomorrow to start negotiations but said that any deal would have to be good for canada and the middle class. she said that canada's signature is required. it remains to be seen if canada will be able to come to a swift agreement with the us and mexico. if they don't, how that will play out in america and mexico. many in congress and the business community don't think an agreement with just the us and mexico is sufficient to replace nafta. we'll leave it there. thank you. a leaked memo suggests that a pro—eu campaign group will try to enlist the support of labour members at the party's conference next month. the people's vote group, which wants a new brexit referendum on any final deal, wants labour mps and activists to try to change party policy to support a second vote. but the campaign says it isn't an attempt to challenge the labour lea

but he went ton say that canada would only sign a dole that was good for canada. president trump, though, softening his tone on neighbors to the north. >> canada very much wants to make the deal and, obviously, very good for canada if they do and i think it is probably not good at all if they don't. we have a very good relationship they came yesterday to the white house. and we negotiated late into the evening. they're in the white house right now when negotiating with them right now. they want to be a part of the deal. and we gave until friday i think we're probably on track. largest union which includes autoworkers signal they would be in favor signing agreement by friday he says alternative could be worse. >> by the way, autoindustry is critical it is a number one export century industry in canada as it results to many jobs but ultimately it is not just about auto but aerospace industry and so many other working industries. >> a sticking point for canadians dispute resolution portion revised under mexico u.s. agreement could be an issue for the canadian wheres