there are 12 parties in the tpp. we represent 40% of global gdp a third of world trade, 800 million people of one market. the tpp will be an economic game-changer for the u.s. because improved market access will mean cheaper products for consumers, more exports for manufacturers. incorporate in the tpp human rights, intellectual property protection, safeguards for labor and environment. there will be strong standards to support innovation and benefit many u.s. technology giants but those are just the economic benefits. there are strategic, significance in the tpp too because the tpp is vital to america's engagement in the asia-pacific. it will add substance to america's rebalance which can not be just about the military or the seventh fleet. it will enable the u.s. and its trade partners to shape the norms of regional economic exchange by setting a high bar for future trade agreements whether asia-pacific or beyond and in pushing the tpp and bringing it about, or concluding the negotiations, the obama administration

in terms of the economic benefits, the tpp is a big deal. in terms of america's engagement in the region, you have put a reputation on the line. it is the big thing which america is doing in the asia-pacific with the obama administration. partners, your friends who have come to the table who have negotiated, each one of them has overcome some objection, some sensitivity, some political cost to come to the table and make this deal. if the bride doesn't arrive, i think people will feel very hurt. it several of his predecessors thought seriously about participating in the tpp. they walked away. he wants to help. he wants his country to benefit and to open up its market. this is one way to do that. you don't do this. it hurts relationship with japan. it hurts your should. agreement with japan and the japanese living in on an uncertain world. they are depending on the american nuclear umbrella. on life-and-death, whom do i have to depend on? this will not be set openly. i have no doubt. i think if you go beyond that, i would like the tea people q

because tpp says you need to.ogressives and people here in this country, including labor unions, say they care. preventing about abusive workers, child labor, wildlife trafficking, , the decimation of forests, all those things are addressed in this, in this agreement. i've not yet heard anybody make the existinghat trading rules are better for issues like labor rights and environmental rights than they would be if we got tpp past. -- passed. i'm going to continue to make this case. i have some very close friends and people i admire a whole lot. i just disagree with them and that's ok. i respect the arguments that they are making. they are coming from a sincere concern about the position of workers and wages in this country, but i think i've got the better argument. i've got the evidence to support it. isefully after the election over and the dust settles, there will be more attention to the actual facts and the deal and it will not just be a political symbol or political football. withl actually sit down people on

tpp is designed to do that. it knocks out 18,000 tariffs that other countries place on american products. our economy currently has fewer tariffs and is more open than many of our trading partners. if everybody agrees we will have an lower tariffs, that's good for american businesses and workers. we should want that. we should pursue that. number two, the complaint about previous trade deals was labor agreements and environmental agreements sounded good, but they were not enforceable the same way you could complain about tariffs and actually get action to ensure that tariffs were not enforced. tpp strengthens labor agreements and environmental agreements, and they are just as enforceable as any other part of the agreement. people take them so seriously, vietnam is drafting and presenting unprecedented labor reforms in vietnam. they are changing their constitution to recognize worker organizations for the first time. what we are doing is we're raising standards. it's harder for them to undercut labor standards he

there till parties in the tpp. we represent 40% of global gdp, a third of world trade, 800 million people of one market. the tpp will be economic game changer for the u.s.. meanved market access will cheaper products for consumers, ,ore exports for manufacturers they will incorporate in the tpp provisions on human rights and intellectual property protection, safeguards for labor and environment, there will be strong standards support innovation and benefit many u.s. technology giants. economic just the benefits. there are strategic significance in the tpp also. the tpp is vital to mecca's engagement in the asia-pacific. -- america's engagement and the asia-pacific. it cannot just be about the military. it will enable the u.s. and trade partners to shape the norms of regional economic exchange by setting a high bar for future trade agreements. in pushing the tpp and bring it about through the negotiations, the obama administration clearly understands the tpp's role in securing america's future not just that prosperi

there are only two pages of tpp in the book. they are fulsome in praise for tpp. kennedy: gone in the paper back version. president only talks about the aspects of tppp for him in the bernie sanders era. talking about environmental regulations and worker protections. >> talking about it and loving it. >> the point of free trade it lifts people out of poverty across the globe. it is better for people to have more choices. better for us to have more trading partners and lower tariffs. as you were pointing out during the sweep, smoot-hawley passed in 1930, had direct impacts on -- >> that sense i think head of singapore. it did have direct impact on world war ii. sandra: while the president was speaking, donald trump was taking to the podium. you are looking at live picture of him right now holding a rally in ashburn, virginia. this is just outside of washington. the republican doubling down on his claim that the political system is rigged. remarks that echo what he told fox's sean hannity, when he said there may be something more sinister at play in this election. w

what part of the tpp do you like, congressman zeldin?t part, if fixed, would you feel is enough to get you to vote for it? >> well, i think that we need to, we need to trim the tpp down to just dealing with the economics. so with those trade barriers, with all of the reasons why we're seeing our jobs leaving our country, we're seeing so much more being imported in than exported out. and i think what's most important is simplifying this tpp and getting rid of all of the other topics that have absolutely nothing to do with the economics. and that's important for one. i want to see america keep control of our own sovereignty, over our own companies with regards to liabilities. so that aspect is important. as far as the tariff piece, i think that we can actually do better than what we negotiated in bringing down barriers on both sides of these trade deals. liz: listen, it's great to see you, thank you. we'll be watching. and barriers down, listen, free trade has been a hallmark of republican thought. appears to be changing, certainly with do

the first question is just a follow up to the tpp. everyone knows what's at stake, but what is the future of the tpp if it does not get ratified by january, the lame duck session? the fear is that if things wait too long and it might not to be reopened up for renegotiation, and that will probably kill the deal. so what is post-january, is that -- how can we reassure the tpp nations and the people that there is the political will to get this done as soon as possible? the second question is for president obama. we are almost at the end of your eight years in office. i would like you to evaluate the progress of the u.s. rebalance to asia. what is something that you're most proud of? is there something that you would have done differently? and what is your message to your successor, whoever he or she may be, to continue to engage singapore, southeast asia and the rest of the asia pacific? thank you. >> well, with respect to tpp, i thought that prime minister lee's points were right on targ target. this is an economic agreement, but what w

strong paul will join me to say why he's against the tpp.tay with me. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. and i quit smoking with i'm chantix. i had a lot of doubts going in. i was a smoker. hands down, it was, that's who i was. after one week of chantix, i knew i could quit. along with support, chantix (varenicline) is proven to help people quit smoking. chantix definitely helped reduce my urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some had seizures while taking chantix. if you have any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse or of seizures. don't take chantix if you've had a serious allergic or skin reaction to it. if you have these, stop chantix and call your doctor right away as some can be life-th

will tpp do even more? >> guest: right, obviously i will not be able to speak to janesville, wisconsin's employment numbers. we've been losing manufacturing jobs as share of total employment since the 1940s. we've been losing manufacturing jobs in sheer numerical terms since 1979. long before nafta was ever in force. we lost about the same number of manufacturing jobs in the years leading up to nafta as we did in the years after nafta. so the idea that nafta is some great job destroyer for the american manufacturing sector is again simply false. stars tpp goes, it makes a great political target. president obama is pushing it right now. it is embodiment of everything that is wrong with trade policy so people can claim. look the fact is, tpp, has some good things and some bad things but just nafta to blame all of wisconsin's manufacturing problems to nafta or future tpp is simply false. trump would be far better served looking at some problems in our corporate tax sector, our regulatory sector and our labor m

tpp? don't want to wait until your domestic politics, looking at it from somebody on the other side of the pacific that has been intimately involved and triggered the whole process because we started the p 4, and just become this important initiative. the economic arguments for the tpp in terms of trade the president presented eloquently, what the benefits are to american companies, it is a deal which the countries have negotiated, each one providing market access. on their side in return for gaming markets access on the other side, each one committing to rules and exchange for the other side committing to rules, hard-fought bargaining process, negotiators, many nights and many don's and fought it out. but at the end of it everyone must decide plus or minus, and in your case, various trade representatives and negotiators did their best to bring back something the political leadership could stand by and support. it is an achievement all the members of the tpp are still with us and no one ha

>> the first fallacy is that if you pass tpp that you have more free trade.all these organizations, wto and nafta are managed trade that pit certain groups against the other. so that is not the answer. one is free trade and the way you get that is not by having bigger governments. kennedy: isn't it better for countries to lower trade barriers and tariffs to have easier access to stuff. >> at a better rate. but we already have huge tariffs on steel coming in from china so it's a hoax. if you raise tariffs you punish the very people you say you are helping. one principle that people should remember is if you have a free market and sound money, all the motivation isn't for labor juneons or big business. it's designed for the customers and consumers. if you look at this as a consumer issue, obviously it's better for the consumer. if we are not competitive, why aren't we come wettive in the consumer is the king in a free market economy. kennedy: also the environmental movement. they all pose big impediments to free trade. if we are not going to get there, it seems

first, follow-up to the tpp. a lot has been said, everyone knows what's at stake, but what is the future of the tpp, if it does not get ratified by january, the lame duck session what -- the fear is that if things wait too long, and it might need to be reopened up for renegotiation, and that will probably kill the deal. so what is, post-january, how can you reassure the tpp nations and the people that there is the political will to get this done as soon as possible? the second question is for president obama. we are almost at the end of your eight years in office. i would like you to evaluate the progress of the u.s. as it relates to asia. what is something that you're most proud of? is there something you would vo done differently and what is your message to your successor, whoever he or she may be to continue to engage singapore, southeast asia and the rest of the asia-pacific. thank you. >> well, with respect to tpp, i thought that prime minister lee's points were right on target. and this is an economic agree

because tpp says it you need to. a gives us leverage to promote the things that progressives in you in this country including labor unions say they care about. preventingare about abusive workers, child labor, wildlife trafficking, the decimation of forests -- all of those things agreement.ed in this i have not yet heard anybody make an argument that the -- rulestrading world are better for issues like labor rights, environmental rights, then they would be if we got tpp ed.t -- pass so i'm going to continue to make this case and i am very close friends, people i admire a lot but i disagree with them and that is ok. i respect the arguments they are making. they are coming from a sincere concern about the position of workers and wages in this country. but i think i have got the haver argument and i evidence to support it and ,opefully after the election and the dust settles, there will be more attention to the actual us behind the deal and it will not just be a political symbol or a clinical footfall. and i will actual

now the tpp doesn't include china, although some people think it does, but the tpp points a direction towards the world, towards your whole organization of your society and if you acceptability in the wrong direction, maybe in the next 50 years some time you will turn around, but it'll cost you many years and the world will have to pay quite a high price. >> my name is lee in singapore, good afternoon president obama and prime minister lee, i have two questions, the first is just a follow-up to the tpp. i mean a lot has been said, everyone knows what's at stake, but whalz the future of the tpp if it does not get verified by january, the lame duck session? the fear is that if things wait too long, and it might need to be reopened up for renegotiation, and that will probably kill the deal. so what is post-january, is that -- how can you reassure the tpp nations and the people that there is the political will to get this done as soon as possible? second question is for president obama, we are almost at the end of your eight years in office, i would like you to evaluate the progress of th

tpp partners expected. they are all nervous if she wins she may try to force the renegotiation. maybe i'm wrong, there are always side letters in these trade agreements. there may be ways to do this but they are starting to realize if it doesn't get through in the lame duck, it will be hard for her to the vet back to the position she had as secretary of state. so this election has unnerved friends and allies, and it's going to be so that i think president obama will have very much in mind i'm sure it will come up among friends like the singaporeans or japan, australia, europeans -- i'm sure it will but he always had that happened in the last meeting. i don't think he can reach her by commenting on the election publicly very much. if i were advising and i was able to the opinion polls americans have about free trade and allies in asia. they haven't been dented by this election. i would point to the continuity we talk about. and i think for the most part our tpp partners are not giving up on us. and are in fo

because tpp says you need to. it gives us leverage to promote things that progressives and people here in this country, including labor unions, say they care about. so if you care about preventing abuse of workers, child labor, wildlife trafficking, overfishing, the decimation of forests, all those things are addressed in this agreement. i have not yet heard anybody make an argument that the existing trading rules are better for issues like labor rights and environmental rights than they would be if we got tpp passed. so i'm going to continue to make this case, and i've got some very close friends, people i admire a lot, but who i just disagree with them. and that's okay. i respect the arguments that they're making. they're coming from a sincere concern about the position of workers and wages in this country. but i think i've got the better argument and i've got the evidence to support it. and hopefully after the election is over and the dust settles there will be more attention to the actual facts behind the deal

because tpp says you need to. it gives us leverage to promote, things that progressives and people here in country, including labor unions say they care about. so if you care about preventing abusive workers, child labor, wildlife trafficking, overfishing, you know the decimation of forests, all those things are addressed in this, in this agreement. i have not yet heard anybody make an argument that the existing trading rules are better for issues like labor rights and environmental rights than they would be if we got tpp passed. and so i'm going to continue to make this case. and i've got some very close friends, people i admire a lot, but i just disagree with them. and that's okay. i respect the arguments that they're making. they're coming from a sincere concern about the position of workers and wages with in this country. but i think i've got the better argument. and i've got the evidence to support it. and hopefully after the election is over and the dust settles. there'll be more attention to the actual fact

will tpp do even more?uest: obviously, i'm not going to be able to speak to janesville, wisconsin's employment numbers, but if you look at the broader national data, the fact that we've been losing manufacturing jobs in sheer numerical terms since 1979. this is long before nafta was ever in force. we have the same number of manufacturing jobs in the years leading up to nafta as the years leading after. the idea that it is some great jobs destroyer is again since the fall. -- again just simply false. as far as tpp goes, it makes a great political target. president obama is pushing it right now. it is the embodiment of everything that is wrong with trade policies so people can claim. the fact is the tpp has some good things and some bad things, but just like nafta, to blame all of wisconsin's manufacturing problems on nafta or the future tpp is just the falls. -- is just simply false. donald trump would be far better served looking at some of the problems in our corporate tax sector, regulatory sector and our

have to be a part of the tpp.st: the caller brings up an interesting point, which is that this is a limit is outside the trade deal, but in this era of globalization, how is the u.s. adjusting? how are we replacing these manufacturing jobs because a lot of people recognize those jobs are not coming back. policymakers have been slow to create new kinds of jobs to promote education and pass pro -- half programs that help workers who have been displaced. this is a major concession. it was not for nafta. in that trade promotion authority bill we talked about earlier, it included a robust program to assist workers whose and are displaced by tpp help them train and get into a new deal -- new field. that is of it is being talked about -- that is something that is being talked about. it is difficult to attract workers to sign up. butll looks good on paper, can you convince the workers to join the program? will the training programs be successful? how successful will they be, getting placed into new jobs? and if the compan

and then the tpp. i am certain that the president will say, publicly and privately, that he is committed duckssing tpp in the lame congress. most experts would say it is a long shot. i certainly hope he succeeds. i think the next president will have a very hard time getting back to tpp quickly. the good news is the agreement will probably be ratified in the fall and will hold in australia, vietnam, and elsewhere. you would suffer a hit in terms of credibility and reputation without tpp, but i think we have a couple years to recover because the region generally wants it. the last one, north korea. all i can say about north korea is no president has handed to his successor a better situation with north korea. kim jong-un may not remain quiet while the world's attention is on the part of the world. let me turn it over to matt. goodman: ok, from the sublime to the ridiculous. i will do the g20. so the group of 20 summit will be held in china on september 4 and sent to her five, the 11th leaders summit sinc

a vote for hillary clinton is a vote for tpp and it's also a vote for nafta.s risen from close to zero, think of that, close to zero in 1993 to almost $60 billion today. our total trade deficit in goods hit nearly $800 billion last year. total trade deficit. almost $800 million. this is a strike at the heart of michigan and our nation as a whole. according to the bureau of labor and statics before nafta went into effect, there were 280,000 auto workers in michigan. today, that number is only 160,000 auto workers. detroit is still waiting for hillary clinton's apology. she has been a disaster, obama has been a disaster. i expect detroit will get that apology right around the same time hillary clinton turns over the 33,000 e-mails she deleted. hillary clinton's transpacific partnership will be an even bigger disaster for the auto industry. believe me. even bigger and worse than nafta. in fact, ford motor company has announced its opposition to the deal. according to the economic policy institute, the u.s. trade deficit with the proposed tpp member, all of the me

both of them want tpp. tpp. transpacific partnership. both of them want transpacific.that will make nafta look like a baby. and wisconsin will be hit so hard. host: a couple of points there i want you to take on. did nafta hurt wisconsin in janesville? will tpp do even more? guest: right. so, obviously, i'm not going to be able to speak to janesville, wisconsin's employment numbers, but if you look at the broader national data, the fact is we've been losing manufacturing jobs in sheer numerical terms since 1979. long before nafta was ever in force. we lost about the same number of manufacturing jobs in the years leading up to nafta as we did in the years leading after nafta. the idea that it is some great jobs destroyer is again since -- is simply false. as far as tpp goes, it makes a great political target. president obama is pushing it right now. it is the embodiment of everything that is wrong with trade policies, so people can claim. but the fact is the tpp has some good things and some bad things, but just like nafta, to blame all of wisconsin's manufacturing prob

it is a partner in an strong advocate for the tpp agreement. the president and prime minister will discuss a range of issues, including law enforcement, cyber security, global health, maritime security, and combating climate change. the two leaders will discuss how and strengthen our ties. our two leaders will highlight the importance of the partnership trade agreement. tpp represents a crucial opportunity to revitalize the global economic architecture and strengthen america's influence at the center of it. tpp will eliminate more than 18,000 tariffs on american exports and ensure partner countries follow the same standards that we follow in the united states. tpp will be good for the united states, be good for the region, the good for the world. the prime minister's visit clearly reflects the important role that singapore plays in the rebalance to the asia-pacific. the united states is engaging more deeply across all of southeast asia. it is absolutely central to the region's peace and prosperity. both our nations are committed to building a r

both of them want tpp. tpp. transpacific partnership. both of them want transpacific. that will make nafta look like a baby. and wisconsin will be hit so hard. host: a couple of points there i want you to take on. did nafta hurt wisconsin in janesville? will tpp do even more? guest: right. so, obviously, i'm not going to be able to speak to janesville, wisconsin's employment numbers, but if you look at the broader national data, the fact is we've been losing manufacturing jobs in sheer numerical terms since 1979. long before nafta was ever in force. we lost about the same number of manufacturing jobs in the years leading up to nafta as we did in the years after nafta. the idea that it is some great job destroyer is again simply false. as far as tpp goes, it makes a great political target. president obama is pushing it right now. it is the embodiment of everything that is wrong with trade policies, so people can claim. but the fact is the tpp has some good things and some bad things, but just like nafta, to blame all of wisconsin's manufacturing problems on nafta or the

-- tpp or lose the opportunity. you have to be at the table or on the menu. [laughter] >> for america's friends and partners, ratifying the tpp is a litmus test of credibility and seriousness. every one of the tpp cigna terry's -- signatories has made sacrifices. nobody wants to reopen negotiations. everybody would like to have something better but nobody with to reopen the process no prospect of doing better and every chance of having it fall apart. america tonies want be engaged. we need to know this engagement will be sustained, and we need to know that agreements will be upheld. and that asia can depend on america. tpp,ratification of the therefore, will be a clear statement of your commitment and confidence in our region. of you here who have a vested interest in the success of the tpp and in america's friendship and cooperation and trade with them -- with asia -- will lend your voice is to support us. america has helped to create and sustain the current world order and the international rules which we all have

because tpp says you need to. it gives us leverage to promote things that progressives and people here in this country including labor unions say they care about. so if you care about preventing abuse of workers, child labor, wildlife trafficking, overfishing, the decimation of forests, all those things are addressed in this agreement. i have not yet heard anybody make an argument that the existing trading rules are better for issues like labor rights and environmental rights then they would be if we got tpp past. and so i'm going to continue to make this case and i've got some very close friends, people i admire a lot but i just disagree with them and that's okay. i respect the arguments that they are making. they are coming from a sincere concern about the physician of workers and wages in this country but i think i got the better argument and i got the evidence to support it. and hopefully after the election is over and the dust settles, there will be more attention to the actual facts behind the deal and it wo

what is the tpp and why should the average american be concerned about it?spacific partnership is a trade deal between 12 pacific rim nations including the the u.s. and canada and to make it brief and give it 101 the thing the most concerning about it is that it gives multinational corporations, thousands of multinational corporations from these 12 nations the rights to sue states for loss of profit. if things like asbestos ban or food and safety standards get if the way of their profits, why it's so disconcerting at this moment a lot of people relaxed about the tpp seeing trump and hilary is opposed to it. we can all relaxed. this is going to leave but we still have a little bit of time before then and we don't get our congress people to publicly come out and oppose the tpp obama could call for a lame duck vote and whoever that president is could be strapped with this toxic trade deal. >> president obama says it would be a boom to american businesses and workers and give us a leg up on economic competitors inlewding china. why tow not agree? >> i'll not alo

[applause] hillary clinton will never withdraw from tpp. she is bought, controlled and paid for by her donors and special interests. [applause] because my only interest is the american people, i have previously laid out and detailed a seven point plan available on my website. it includes strong protections against currency manipulation, big problem, tariffs against any countries that cheat by unfairly subsidizing their goods, and it includes a total renegotiation of nafta, which is a disaster for our country, a total renegotiation. [applause] if we don't get a better deal, we will walk away. at the center of my plan is trade enforcement with china. this alone could return millions of jobs to our country. china is responsible for nearly half of our entire trade deficit. they break the rules in every way imaginable, including militarily. china engages in illegal exports , subsidies, prohibited currency manipulation and rampant that of -- theft of intellectual property. it is rampant. it is out of control. they also have no real environmental

[applause] clinton will never withdraw from tpp. she is bought, controlled and pay for -- paid for by her donors and special interests. [applause] because my only interest is the american people, i have previously laid out and detailed a seven point plan available on my website. it includes strong protections ,gainst currency manipulation tariffs against any countries that cheat by unfairly subsidizing their goods, and it includes a total renegotiation of nafta, which is a disaster for our country, a total renegotiation. [applause] if we don't get a better deal, we will walk away. at the center of my plan is trade enforcement with china. this alone could return millions of jobs to our country. china is responsible for nearly half of our entire trade deficit. they break the rules in every way imaginable, including militarily. china engages in illegal exports , subsidies, prohibited currency manipulation and rampant that of intellectual property. it is out of control. they also have no real environmental or labor protections, further

tpp will be good for the united states, the region, good for the world. the prime minister's visit reflects the important role that singapore plays in the rebalance to the asia-pacific. the united states is engaging more people 18,000 tariffs and ensure our partner countries follow the same standards that we follow in across all of southeast asia. which is absolutely central to the region's peace and prosperity. both our nations are committed to building a regional order where all nations play by the same rules. thank you very much. i will permit over to chris. it over to chris. >> good morning. my name is chris. i am the white house executive chef. the singapore state dinner is a celebration of america's bounty. all of the word from before winds of california to the chesapeake. from the shores of california to the chesapeake. incidentally, for our first course, we are serving our famous maryland crab, which is from cambridge, maryland, accented with an asian hybrid of citrus, a cross between lime and kumquats. it also includes root vegetables such as tar

tpp. statement. -- stay tuned. ♪ >> running us now is gene sperling, and economic advisor for the clinton campaign. that is joining us now. joining us now is gene sperling, the economic advisor for the clinton campaign. president obama made a full throated argument for why the tpp is in america's interest. are you know in disagreement with your president on this issue? gene: it's always hard when you are the child and mom and dad disagree. i think president obama come , he ising he does directed towards helping workers and that's what he believes. on this issue, i think hillary clinton is in the right place. we have to put our focus as a behindf progressives investing in manufacturers, ensuring that we don't have a tax code that encourages outsourcing and inversion. she sees real challenges with this and i think she wants to put tpp in the rearview mirror and be focusing. these are two great people i'm honored to have worked with. they disagree. i think trade is always a difficult issue, b

presidential candidates have made public their opposition to the tpp. u.s., which has been an advocate of open trade, is now taking a different tone. it is worrying for the rest of the world. rishaad: thank you for that. up, the latest aussie trade data. ♪ hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. crude selling off, that waiting on asian stocks. japanese shares decline. regional benchmarks slipping oil a one-year high as u.s. hovers around the $40 a barrel mark. morning trading in hong kong has been suspended because of a typhoon. uber will retain a 20% stake in the merged company. sources telling us th

because tpp says you need to. leverage to promote things that progressives and people here in this country, including labor unions, say they care about. so if you care about preventing abuse of workers, child labor, wildlife trafficking, over fishing. the decimation of forests. all of those things are addressed in this, in this agreement. i have not yet heard anybody make an argument that the existing trading rules are better for issues like labor rights and environmental rights than they would be if we got tpp passed. and so i'm going to continue to make this case, and i've got some very close friends, people i admire a lot, but who i just disagree with them, and that's okay. i respect the arguments that they're making. they're coming from a sincere concern about the position of workers and wages in this country, but i think i've got the better argument and i've got the evidence to support it, and hopefully after the election is over and the dust settles, there will be more attention to the actual facts behind th

tpp will encompass 40% of the worlds population and one third of the world's gdp.are near the finish line, and we hope that the countries, particularly the u.s., will be able to ratified the tpp as soon as possible. finally, we discussed our partnership in tackling global challenges like counterterrorism. it is a problem for all countries. every day, you read of new attacks somewhere. america, europe, the middle east, closer to home. we in southeast asia are concerned about this, because the terrorists are active in many countries in the region. several hundred, perhaps a thousand from southeast asia are in the middle east fighting isis and we have witnessed attacks in both indonesia and malaysia network were mounted by isis followers under orders from isis operatives in the middle east to launch attacks in their home countries. the efforts to counter isis are crucial, and that is why singapore is involved with the coalition and we are making a modest contribution and we will be spending -- sending a medical team to iraq. we have already been participating with air

the tpp was supposed to integrate us not only trade terms but security terms.er there, that is the situation he is worried about. david: more coming up later in the hour. cheryl? cheryl: big news in new york city we have to share with you. new york police commissioner bill bratton announcing a bit hastily he will step down in september. mayor of new york, bill de blasio, ongoing tensions between police and members of the community had nothing to do with this. bratton told the mayor of his plans to leave last month. james o'neill will replace him. he is going to a private firm. david: a lot of people are concerned. economic renaissance of new york city, which is extraordinary, i have lived here more than 30 years, most of that is, what is, most responsible for that is the turn around in the crime stats. the incredible job was done in the '90s turning around the crime stats led to economic renaissance. we don't want to see that reverse. cheryl: there is concern here in new york and crime and ral probe of our mayor, de blasio. david: dirty water is not only proble

[applause] donald trump: hillary clinton will never withdraw from tpp. she is bought, controlled and paid for by her donors and special interests. 100%. [applause] donald trump: because my only interest is the american people, i have previously laid out and detailed, seven point plan available on the website. it includes strong protections against currency manipulation, a big problem. tariffs against any countries that cheat by unfairly subsidizing their goods, and it includes a total renegotiation of nafta, which is a disaster for our country, a total renegotiation. [applause] donald trump: and if we don't get a better deal, we will walk away. [applause] donald trump: at the center of my plan is trade enforcement with china. this alone could return millions of jobs to our country. china is responsible for nearly half of our entire trade deficit. they break the rules in every way imaginable, including militarily. china engages in illegal exports, subsidies, prohibited currency manipulation and rampant theft of intellectual property. it is rampant. it is

we know from hillary's closest friend, she is planning to ram through tpp if elected. she called it, as i said, the gold standard. it's passage would be a disaster for michigan, in particular, for the car industry in particular. for the people of michigan. . i won't let it happen. according to the economic policy institute, the united states trade deficit with the proposed dpp member countries cost over one million manufacturing jobs in our country in 2015. by far the biggest loss was in motor vehicles and parks. michigan rapgs first for jobs lost as a share of state workforce due to trade deficit with tpp members. just imagine how many more automobile jobs will be lost if hillary gets her wish and approves tpp, it will not be pretty. that is why i have announced that we will withdrawal from the deal before that can ever, ever, ever happen. i have have previously laid out a detailed plan for trade reform, available on my website. it includes protections against car insurance ma anymorelation, and tarriffs against any country that cheats, and many of them do. my plan al

[applause] hillary clinton will never withdraw from tpp. she is bought, controlled and paid for by her donors and special interests, 100%. [applause] because my only interest is the american people, i have previously laid out a detailed, seven-point plan for trade reform, available on my website. it includes strong protections against currency manipulation, big problem. [applause] tariffs against any countries that cheat by unfairly subsidizing their goods. and it includes a total renegotiation of nafta which is a disaster for our country. a total renegotiation. [applause] and if we don't get a better deal, we will walk away. [applause] at the center of my plan is trade enforcement with china. this alone could return millions of jobs into our country. china is responsible for nearly half of our entire trade deficit. they break the rules in every way imaginable. including, militarily. china engages in illegal export subsidies, prohibited currency manipulation and rampant theft of intellectual property. it is rampant. it is out of control. th

a supporter of the tpp. and hillary clinton.w as well as anyone in the history of hillary clinton on tpp we laid out there. you heard her speech in your state. you heard her say i oppose it now and after the election and as president. do you believe her and why? >> i wouldn't be supporting her for president if i didn't believe her. i surprise people when i was asked before i was sworn in what my position was going to be. i was elected to congress to protect the working men and women in the state of michigan, working families. i've talked to hillary clinton about this many times. she has promised me she will oppose any trade deal that would hurt my constituents or working families across this country. she couldn't have been stronger. she made it clear. she opposes it today, she will oppose it after the election and she will oppose it when she's president. >> you say oppose any deal that hurts the people and the workers in your dristrict, realisticall are there changes in your mind that she as president could seek to this that wou

. >> clinton saying she opposes tpp now and that she will after the election. >> that is the key phrase that in just a minute. trade is a challenging issue for two reasons, one, is its specific major trade deals like the north american free trade agreement, nanta are more unpopular than ever. a bloomberg poll showing a plurality of americans believe nafta has been bad for the u.s. commitment anti-trade is highner rustbelt states like michigan, ohio and pennsylvania. has to are swing states, potential swing states where donald trump is going after hard this fall. and this year's michigan primary, exit polls show a majority of democratic and republican primary voters believe u.s. trade with other countries takes away more jobs than it creates. big margins there, you see it on to position on the anti-nafta candidate. as secretary of state, clinton expressed support for the tpp him at one point, she says it sets the gold standard in trade agreements. that's what she said originally. then facing a challenge from the left by bernie sanders in the democratic primaries, she came out and opposed

hillary clinton will never withdraw from tpp. she has bought, controlled and paid for by her donors and special interests. 100%. [ applause ] because my only interest is the american people, i have previously laid out a detailed seven point plan for trade reform available on my web site. it includes strong protections against currency manipulation -- big problem. tariffs against any countries that cheat by unfairly subsidizing their goods, and it includes a total renege oceaniation re-negotiation and if we don't get a better deal, we will walk away. at the center of my plan is trade enforcement with china. this alone could return millions of jobs into our country. china is responsible for nearly half of our entire trade deficit. they break the rules in every way imaginable, including militarily. china engages in illegal export, currency manipulation, and rampant theft of intellectual property. it's out of control. they also have no real environmental or labor protections, further under cutting american workers, totally undercutti

have to be a part of the tpp.: the caller brings up an interesting point, which is that this is a limit is outside the trade deal, but in this era of globalization, how is the u.s. adjusting? how are we replacing these manufacturing jobs because a lot of people recognize those jobs are not coming back. policymakers have been slow to create new kinds of jobs to promote education and pass pro -- half programs that help workers who have been displaced. this is a major concession. it was not for nafta. in that trade promotion authority bill we talked about earlier, it included a robust program to assist workers whose and are displaced by tpp help them train and get into a new deal -- new field. that is of it is being talked about -- that is something that is being talked about. it is difficult to attract workers to sign up. butll looks good on paper, can you convince the workers to join the program? will the training programs be successful? how successful will they be, getting placed into new jobs? and if the companie

. >> what do you make of the tpp?hould she be for it and is there good reason why it should not go ahead cap go i think it is the good start. i am supportive of that. -- i am going to agree with hillary clinton on every issue, whether it is her total economic package or on tpp , but i think she is on the as opposed to being off the rails like the other candidate is. you also mention your travels to china. you just announce you increased your steak in mgm china. why do this at a time when it seems accounts are struggling? >> i believe in the long-term future of macau, and i believe owning more of mgm china overtime will be and accretive action for mgm shareholders. , you need to deals seller.uyer and a in the case of the seller, i have been working on trying to work a deal with her for many quarters now. this is a relatively small deal, but large in this sense directionally. it signals the fact that it believes in the growth long-term. i believe it will have to be done in now. this is a relatively small deal, but large