trump announces a trade deal between the u.s. and mexico but will it to replace nafta and will candidate be left out in the cold we'll get the latest from wall street's also coming up next a makes millions from the water it pumps in many bottles from wells in north eastern france but the source is running dry for the residents of detail so whose border is it. base is your business update i'm allan humphrey in berlin glad you could join me the trumpet administration and mexico have reached a preliminary deal to replace the north american free trade agreement that's according to the u.s. president now donald trump has been a harsh critic of nafta calling it a job killer saying it encourages u.s. companies to move production south of the border to exploit low wages when it comes to the new deal trump says it will help manufacturers and farmers on both sides of the border. donald trump welcome to overhaul the twenty four year trade pact as he suggested

a new name for it if canada is not included in this thing. he says to do they used to call it a nap they were going to call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries. u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side succeeded in adding a clause that would give it a sixteen year lifespan with the review every six years the two countries also agreed that seventy five percent of a product must be made in the u.s. or mexico to receive tax free status trump said a trilateral deal with canada is still possible but it's likely that ottawa will have to agree to new terms on the automotive sector he has put the car industry at the heart of his drive to overhaul the trade pact will start negotiating with

canada relatively soon they want to start they want to negotiate very badly. but one way or the other we have a deal with it will either be a tariff when cars were will be a negotiated deal. and frankly the tariff and chorus is a much easier way to go but perhaps together would be much better for canada and we're looking to help you know we're looking to help our neighbors to that we can help our neighbors that's a good thing not a bad thing the u.s. mexico and canada do more than a trillion dollars in trade between them annually so all three countries are hoping to finalize a deal. let's get the latest from a financial correspondent in a new york school to joins us a year ends the news of an initial deal between the u.s. and mexico what might it look like and what do you invest make of it. what we know so far is that specially when it comes to the car industry and more cars than cars are supposed to be manufactured in the united states and what we

also know was that this deal is supposed to get reviewed in about six years or every six years other than that we're still a bit short on details as the u.s. president donald trump said the new name is so much more elegant than those for the rods from u.s. president donald trump so for now it's mostly a real branding actually so much real change in comparison to what we've seen was enough to so far remains to be seen the market at least reacted very positively than ethnic composition to reach across the eight thousand point mark for the first time in history the s. and p. five hundred was a new all time high and the doll jones industrial average across the twenty thousand point mark for the first time since early february when is this really candidate will candidate simply be out in the cold. well some people call it a bluff that we're seeing from u.s.

president donald trump that the intention is not a bilateral but a try lead a real deal and that she tries to put some pressure on canada to join this agreement canada's foreign minister is cutting a trip short to europe she's expected to be in washington on tuesday and then a new deal is. should be done by for rioted that's at least what we're hearing from the white house if that's realistic or not remains to be seen but that's probably the plan to still have some kind of an after growing just was a different name changes when it comes to the details all right almost straight for us against thank you very much. postmodernism mission scandalous fall from over but to make sure it doesn't happen again the u.s. government has appointed a lawyer to keep a close eye on the german call make it to make sure it is complying with agreements made with u.s. authorities but it seems that's easier said than done his van no works for

v.w. involves a book and larry thompson is the v.w. inspector from the u.s. state department both have the same goal to make sure there's never another diesel scandal at folks wagon but in the first interim report of the so-called v.w. monitor there continues to be deficits for example not reporting new emissions tests to the us authorities transparency to which v.w. is committed itself according to the auditors commentary we're not there yet but we're in a i think a very rigorous and professional review process and. at the end of at the end of the auditor term and at the end of the monitor ship term we will have more to say about that according to thompson it's still too early for more evaluations the three year oversight process is only in its first year for a long time none of the w.'s employees were fired in the diesel scandal but vokes

wagon is now taking the americans criticism seriously in the hope of soon fulfilling the conditions of the settlement with the u.s. justice system that's been done and then in the remaining eighty percent of the time we have to sharpen improve continue to reshape the processes will be doing that for a very long time. with around sixty employees thompson is overseeing the change involves spork it seems that everyone involved will have to step up the pace. bottled water has to be pumped from somewhere and nestle has an agreement to source a million cubic metres of water each year from the wells in the town of detail in eastern france the water levels as we know have been dropping for years now and that means there's less water overall and the residents are coming up short nice days actually cut consumption it says but it's not enough residents are now demanding action and nestlé says it wants a solution that reflects everyone's interest. the machines spin endlessly

more than two million bottles are filled here every day and water is a lucrative business swiss food and drink giant nestlé had more than two hundred sixty million euros in sales here in the last quarter alone. but groundwater levels have sunk dramatically according to tests nestle has been pumping out thousands and thousands of cubic meters of underground mineral water for years. and this new no respect of nestle shows no consideration. the company does not protect this water resource it exploits it. and the government is not doing its job it's just looking on. like a company geologist and water expert does not even trying to deny the problems with groundwater levels in v ten. we draw most of the water if that's true and that's why we bear the responsibility will disappear but we also have the responsibility

and the will to find a solution with respect to all parties and their interests of all. a kilometer long pipeline is being planned to transport water from the neighboring village to the inhabitants of the village of. bengal cause you already have to fetch water from the neighboring village every day to get to his sheep even though his meadow lies directly above the veto of spring. report in the city nestle be owner has sealed off the wells here they own the land and two wells and both are sealed off the sole filmy nestle denies this. thing is a lawyer she has prepared an assessment for the state environment organisation says there. must be no to our conclusion is that water is a common good water belongs to everyone and everyone needs to respect the fact that the population has a right to water and sufficient amount and in good quality quantity and quality if

you know. the brand is on display everywhere in the town and nestle is the chief source of tax revenue here to plays an important role in the dispute over the natural mineral water from the town. and i would recommend you to take some water with this next story because cuba is tourism industry has taken a hit from travel restrictions now in force for american businesses so it needs all the public it can get so how about an event to make the world's largest labor day or bartenders from all over the americas got it all in the act which kicked off this week's pan-american cocktail championships and have anna. the recipe is pretty simple robin and this case twenty cases. and to pull a sold out well it used to be coke in the old day but to call eyes cheaper add some ice and lemon and you have a foreign cooper leave it. in and it's the most important cocktail the cubans half

has the drink that cannot be missed at any social event. it is a refreshing drink easy to make at home to share with friends with. lots of friends in this case the glass is specially made for the event has two meters tall and holds one thousand leaders by the end of the night they will go on to the last straw. poll. today with the latest from the world all business from will find us on facebook photos on twitter at. i'll be back tomorrow same time same place same event.

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