trudeau at the art gallery of toronto earlier. the state of trade relations between the u.s. and canada. mr. judo any incoming -- mr. we did a really good job of highlighting how many good middle-class jobs on both sides of the border, but particular in the united states depend on the free trade with canada. the argument that we have made about trade being good for everyone, about amplifying success on either side of the border. the auto plant being a good example of that. unlike a relationship just about anyone else in the world between two countries. a lot of that is based on mutual y beneficial trade policies. tax neverder happening, do you agree with that? : i will not make any predictions about what will happen on the u.s. side. i know we have made a good case of adding regulation to a part crisscrossing six times, the amount of bureaucratic tape, the amount of impediments to jobs on either side would be really problematic. i don't think people who are promoting that border tax within the american congress have fully thought through some of the consequences. >> do think this is an area where trump has overreach

mr. trudeau.ver the relationship between the two of them, trade violations are trade violations. and they will be dealt with. hope is beingeld out for a negotiated settlement. are you optimistic that that will happen? could it happen? >> we would be willing to do it. where the negotiations broke off, there was quite a gap between what the canadians were agreeable to and what the domestic producers were agreeable to. we would be happy to receive a new proposal from the canadians and, if that comes forward and shows some real movement, we would be happy to take it up with the american producers. toid: have you spoken canadian officials since this announcement was made? >> surely. david: what have those conversations been like? >> they have been relatively brief, relatively informative. there have been no new pursuit -- proposals made. a preliminary decision and it has to go through different levels of the of the commerce department. how confident are you that it will get all the way through? i think

mr. trudeau, you cannot trust these people. you're gonna breed an isis that's impervious to cold.n ice isis. mr. prime minister, we are sitting here in the wake of so many terror attacks. how can you be sure, letting in all of these refugees, that even if .01% become radicalized, you could be living with 25 different paris attacks, 25 different belgium attacks. how can you go to sleep at night knowing that that risk is imminent? - we live in a world where there are always risks, and the question is, how much do you want to live in fear of those risks? the best counter to the kind of radicalization and marginalization that we've seen in other parts of the world is to create an inclusive society where, you know, everyone including and especially muslim canadians have every opportunity to succeed, just like anybody else. - okay, fair point. i'm willing to admit that some refugees aren't terrorists. but still, they're just so...foreign. - one of the great things about canadian culture is we've figured out that it's done by addition. so, you know, you take flavors and perspectives and,

mr. trudeau senior leaves office, this is weak canada. ere is the massive commodity boom. right back to where trudeau junior is at the same level as trudeau senior on the way out the door. can mr. trudeau junior stand a new canadian weakness? bothrey: at this point, the canadian governments and even the bank of canada would not be too upset about it. to shift canadians their export markets and with the housing market under more restrictions, that is a tightening, why not have a weaker dollar? tom: what about the idea that the president of the united states can go after china and then go after the adjacent nation to our northern border? why is he doing that? geoffrey: a matter of meeting certain campaign promises. noting that nafta has to be renegotiated in favor more of the u.s. household, u.s. jobs. he views it as a bad deal from the u.s. point of view. this is part of the process. from canada's going of you, the border tax adjustments seems to be slipping off the agenda. on a structural basis, canada will welcome that a lot more him. fra

mr. trudeau, madam chief justice, your excellencies, honorable senators and members of the hum house of commonsed guests, ladies and gentlemen. it's a great honor to have you here with us today. on behalf of all of my elementary colleagues i'd like to thank you for your inspiring words. [applause] thank you for those very very inspiring words. the message that you bring resonates around the world. it is a message that empowers people to distinguish truth from lies and right from wrong. the last time we gathered in this place was in june when president obama addressed us, standing where you stood today. we thanked him for his accomplishments during his eight year term, reflecting on a presidency that will soon to come to an end. today, we are here for a different purpose. today is not so much about the past as it is about the future. in these troubling times, it can be difficult to be optimistic. there is a great deal of fear in the world. fear, as we we all know, is a very powerful emotion. it feeds and tolerance, it breeds division and as you know too well, and tolerance leads to unspeakable a

mr. trudeau. whatever their relationship between the two of them, trade violations are trade violations and will be dealt with. hope: jim carr holding out for a negotiated settlement, that you might drop this. are you optimistic that will happen? could it happen? mr. ross: we would be willing to do it. where the negotiations broke off, there was quite a gap between what the canadians were agreeable to and what they domestic producers were agreeable to. we would be happy to receive a new proposal from the canadians. if that comes forward and shows real movement, we would be happy to take it up with the american producers. david: there has been an exchange of statements. have you spoken to canadian officials since this announcement? mr. ross: surely. david: has the response been well captured? mr. ross: they have been relatively brief and informative. there have been no new basel's may. -- new proposals made. david: this has to go through more levels of the commerce department and to the internation

mr. trudeau and the president. >> do you or the president have anything to address the deal? mr. ross: w.t.o. is a whole different subject matter. we do have some questions and concerns about it, there will be a w.t.o. meeting coming up in the next several weeks. what will come out of that, will come out of that. >> mr. secretary, thank you. in your view should the u.s. stay in the paris climate agreement or withdraw from it? mr. ross: now you're really getting outside of my -- >> you're a participant in those discussions. mr. ross: it's really outside my area. i have enough difficulty dealing with the trade issues rather than poaching on other people's territory. south you concerned about korea? mr. ross: the fifth anniversary of the south korean arrangement comes up on may 4 or may 5, something like that, that would be a logical time to think through whether there was something to be done or not. >> do you think this might get nigh michael flynn's name off the front pages? mr. ross: is michael flynn a trade issue? i wasn't aware that he was. >> one more way out of the box. if i

mr. trudeau perhaps being the last of the old liberal order and how populism has not taken over canada like it has other places. trudeau saying barriers will slow growth. he talked about immigration and welcoming immigration and aboutment and also subsidies of all things. lindsey moore in that conversation. you can watch the rest of the interview on bloomberg. -- plenty more in that conversation. you can watch the rest of the interview on bloomberg. for more on the market, we are halfway into the u.s. trading session. taylor: we are taking a look at u.s. markets. trying to reverse some of the losses we saw earlier this week, especially with a look here at our classic risk trade here leading all the major averages. i am looking at small caps. also in the midst of earnings season so let's take a look at the earnings winners starting with css, the free transportation company. they delivered impressive first-quarter margins. a $1 billion stock buyback program and boosting their dividend. that will help this year move higher. snap-on the estimates on the top and bottom line. american express bea

mr. trudeau and the president. wto? >> wto is another subject matter and have concerns and questions about it. it will be a wto meeting coming up in the next several weeks. what will come out of that will come out of that. >> in your view should the u.s. stay in the paris climate agreement or withdraw? >> now you're really getting outside. [laughter] it is really outside my area. i'm having enough difficulty dealing with trade issues rather than poaching on other people's territory. about --u concerned with south korea? >> the fifth anniversary of the south korean arrangement comes up i believe on may 4 or may 5, something like that. a logical time to think through whether there was something to be done or not. is michael flynn now a trade issue? .> thank you, mr. secretary continuing the eu. how would that affect the relationship with france and the eu? >> such a hypothetical question i find it difficult to answer. i think let's wait for the french runoff election. let's see who's elected. what actions they take and th

mr. trudeau and the president? reporter: do you or the president have any interest in wto? mr. ross: that is a whole different subject matter. -- you have questions and concerns about it, but there will be a wto meeting coming up in the next several weeks and what will come out of that will come out of that. reporter: mr. secretary, thank you. u.s.ur view, should the stay in the tariff agreement or withdraw from it? mr. ross: now you are really getting outside -- [laughter] reporter: you are a persistent and -- artistic and in those discussions. mr. ross: it is outside might area. i am having enough difficulty dealing with the trade issues than poaching on other people's territory. reporter: are you concerned this the negotiations with south korea? mr. ross: the anniversary of the comeskorean arrangement on may 4 or more fake -- may 5, something like that. that would be a logical time to think through whether there was something to be done or not. do you think it might get michael flynn's name off the front pages? mr. ross: is michael flynn now a trade issue, i was not aware of

mr. trudeau and the president. >> reporter: mr. secretary, if you or the president have trust in the wto? >> wto is a whole different subject matter. we do have some questions and concerns about it. there will be a wto meeting coming up in the next several weeks, and what will come out of that, will come out of that. >> reporter: mr. secretary, thank you, in your view, should the u.s. stay in the paris trade agreement or get out of it? >> now you are really getting on the outside. [ laughter ] reporter: you were a participant of those discussions? >> it's really outside my area. i have enough difficulty dealing with the trade issues rather than poaching on other people's territory. yes, ma'am? >> reporter: are you concerned about the negotiations of south korea? >> well, the fifth anniversary of the south korea arrangement, the so-called chorus coming up on may 4 or 5 so that would be a logical time to think through whether there was something to be done or not. >> reporter: do you think michae off the front pages? >> is michael fl

mr. trudeau and the president. >> finally, if you or the president have any [ inaudible ]? >> well, wto is a whole different subject matter. we doville some questions and some concerns about it. there will be a wto meeting coming up in the next several weeks and what will come out of that will come out of that. >> mr. secretary, thank you. in your view, should the u.s. stay in the agreement with paris or get out of it? >> well, now you're really getting out of it -- >> you're a participant of that discussion. >> it's really outside my area. i'm having enough difficulty dealing with the trade issues rather than poaching on other people's territory. >> are you concerned about the renegotiations of [ inaudible ] with south korea? >> well, the fifth anniversary of the south korean arrangement comes up, i believe, on may 4th or may 5th. something like that. so that would be a logical time to think through whether there was something to be done or not. >> michael flynn's name off the front pages? >> is michael flynn now a trade issue? i wasn't aware that he was. >> thank you, mr.

mr. trudeau, but still the fact that this relationship now has this kind of edginess to it is just something no one ever saw coming. >> all right. it's always edgy with north korea and kim jong-un. your thoughts on that? >> that's the most serious national security challenge facing us. this is not one that's being generated by mr. trump. this is one that's found its way into his inbox. it would have been the same thing, by the way, had hillary clinton been president. but the idea that north korea, which is churning out nuclear weapons now at an alarming rate, will soon be able to shrink them and put them on missiles that can reach the continental united states that rightfully has you're attention. and here actually i think the administration has done a good job at persuading the chinese who are north korea's biggest backers, that something has to give. that what's drifted and essentially emerged as a problem over two decades now has now essentially reached the point of being near unacceptable. >> this latest video, propaganda video, blowing up the white house, this seems childish if it weren

mr. trudeau and the president. >> finally, if you or the president had any faith in wto? >> well, wto is a whole different subject matter. we do have some questions and some concerns about it. there will be a wto meeting coming up in the next several weeks, and what will come out of that will come out of that. >> mr. secretary, thank you. in your view, should the u.s. stay in the paris climate agreement or withdraw from it? >> well, now you're really getting outside my area. >> you're a participant in those discussions. >> it's really outside my area. i have enough difficulty dealing with the trade issues rather than poaching on other people's territory. yes, ma'am. >> are you concerned about the negotiations of with south korea? >> the anniversary of the south korean arrangingment, the so-called chorus, comes up on i believe may 4th or may 5th, something like that. so that could be a logical time to think through whether there was something to be done or not. >> you think a software deal might get michael flynn off the front pages? >> here's one way out of the box for yo

mr. trudeau and the president. >> if you or the president have any interest -- >> wto is a whole different subject matter. we do have some questions and concerns about it. there will be a wto meeting coming up in the next several weeks. what will come out of that will come out of that. >> mr. secretary, thank you. in your view, should the u.s. stay in the agreement or withdraw from it? >> well, now you're really getting outside here. [ laughter ] >> you're a participant in those discussions. >> it's really outside my area. i'm having enough difficulty dealing with the trade issues rather than poaching on other people's territory. yes, ma'am. >> are you concerned about the negotiations with south korea? >> well, the fifth anniversary of the south korean arrangement, the so called koras comes up i believe on may 4th, something like that. so that would be a logical time to think through whether there was something to be done or not. >> do you think soft lumber might get michael flynn's name off the front pages? >> is michael flynn now a trade issue? i wasn't aware of that. [ laughter ] >> tha

mr. trudeau and the president. [indiscernible] wto is a whole different subject matter. we do have some questions and concerns about it. there will be a wto meeting coming up in the next several weeks. what will come out of that will come out of that. >> thank you. in your view, should the u.s. stay in the -- agreement or withdraw from it ye? sec. ross: now you are really getting out of -- [applause] it is really outside my area. i am having enough difficulty dealing with the trade issues rather than encroaching on other people's territory. are you concerned about the -- [indiscernible] the first anniversary of the south korean arrangement comes up on may 4 or may 5, something like that. that would be a logical time to think through whether there was something to be done or not. think the softwood lumber story will get michael flynn's name off the front pages? sec. ross: is michael flynn a trade issue? i wasn't aware. >> here is one way out of the box for you. sec. ross: thank you for that. howard the french election of that -- [indiscernible] that is such a hypothetical

mr. trudeau disputed that and said they already favor the u.s.uy $500 million of american dairy and sells us $100 million of their own product. so this dispute sets course of intense rounds of negotiations whenever those nafta talks begin. >> very interesting. margaret, thank you so much. >>> a cbs news poll out this morning shows president trump's job approval rating is at historic lows. this comes as mr. in on his first 100 days. 41% approve of the president's job performance. 53% disapprove. the president also gives clues as to why his approval rating is so low. cbs news elections director anthony salvanto is here. anthony, good morning. >> good morning. >> smartest political guy i know. he knows the numbers. let's talk about this because president obama at this same milestone was at 68% approval. george w. bush was at 66% approval. why the low numbers for president trump? >> it's partisanship. we have not seen and we've been doing the polls for presidents. partisan splits as big as the one we see now. president obama and bush before him would

mr. prime minister, madam trudeau, mr.use and senate, distinguished guests, my parents, [applause] and finally, the people of canada thank you so much for the warm welcome to your country. this is my first trip to canada, but not my first attempt. in the 22nd of october, 2014, my father and i landed at the taranto airport excited for a first visit to a wonderful country. we have to take parliament killing a canadian soldier, wounding others and threatening leaders and civil silence where i stand today. professional advisers to reschedule the following are hard, we headed back to england promising to return to canada today. they call themselves a month on. but he did not share my faith. he did not share the fate of one muslims living in peace around the world. [applause] i'm short so i can't read some of the words. now i can read the speech. [laughter] back to my point that the men called himself a muslim, but he did not share my faith. he did not share the faith of one and half billion muslims living around the world. he d

mr. trudeau and the president. >> mr.tary, finally if you or the president have any faith in trust [inaudible]. >> well, wto is a whole different subject matter. we do have questions and concerns about it. there will be wto meeting coming up in the next several weeks and what will come out of that will come out of that. >> mr. secretary thank you, in your view should the u.s. stay in the agreement or withdraw from it? >> well, now you're really getting outside my area. >> your a participant in this discussion. >> it's really outside my area. i'm having enough difficulty dealing with the trade issues rather than post erg on other people eastertory. >> yes, ma'am. >> are you concern about the renegotiations of s pa with south korea? >> well the fifth anniversary of the south korea arrangement, the so-called chorus comes up i believe on may 4 or may 5th, something like that, so that would be a logical time to think through whether there was something to be done or not. >> do you think soft wood lumber might get michael flynn

mr. prime minister, madam trudeau, sophie, mr.members of the house, members of the senate, distinguished guests, my parents. [ applause ] and finally the people of canada, thank you so much for the warm welcome to your country. this is my first trip to canada but not my first attempt. on the 22nd of october 2014 my father and i landed at the toronto airport excited for a first visit to your wonderful country. soon we land, killing a canadian soldier, wounding others and threatening leaders and civil servants in the building i stand today. canadian security officials and professionals advised us to reschedule. with sorrow in our hearts, we headed back to england, promising to return back to canada one day. the man who attack parliament hill called himself a muslim. but he did not share my faith. he did not share the faith of 1.5 mill jion muslims living in peace around the world. [ applause ] sorry the podium became too high. i'm shortsighted and i couldn't read some of the words. so now i can read my speech. back to my point, the

mr. trudeau to keep trade as open as possible. how confident are you, given this new administration, that free, open trade will continue? luca: first of all, let me say demonizationd of threatens us already in 2009. this is nothing really new. is, wey thing i can say have to see what the trump administration will do. this is exactly what we don't need at this stage. we have still low growth globally. i think if we start trade restrictions and everything, we will enter stagflation. it is too early to stay -- to say. if the u.s. economy weakens, the risks are much higher, because the trump administration will have to do something to improve the situation. it is too early to say, but i think the risks are probably five. i think it is probably already priced in. this ise you feeling global, synchronized upswing in growth? that is encouraging, isn't it? luca: it is, but we are pretty much in the same range of the last five years. we see investment which is very positive. but we are still in the slow growth cycle. what has changed is th

trudeau on u.s. canadian relations and is recent conversations with president tron. mr. transplant to root renegotiate the trade agreement. this came during the briefing with performers. this is 20 minutes. >> we understand the white house is sending mixed messages about what it wishes to do for nafta. mr. prime minister, the president has tweeted he wishes to remain in nafta but if you can, renegotiate the deal in a satisfactory manner. what is your take on the conversation with him this week and perhaps where you feel the americans are coming from. >> one of the things i seven the very beginning is it's truly important to have a constructive working relationship with the united states and its government. this is something that matters deepedeeply to our economy and workers and farmers across the country. in matter stall canadians in terms of the cultural family ties and connections that we have in every different way. with her post as friends, neighbors, and allies. so in relationship is big and as complex as the united states there will be issues we need to discuss ev

trudeau talked about this at a press conference earlier today. >> we understand the white house is sending mixed messages about what it wishes to do with nafta. mr. prime minister, the president has tweeted he wishes to remain in nafta, but he is willing to leave it. what is your take on conversations with him, where you feel americans are? justin trudeau: one thing i have said from the beginning it is truly important to have constructive, working relationship with the united states and with its government. this is something that matters deeply to our economy. it matters to workers and farmers across the country. it matters to all canadians in terms of the cultural family ties and connections we have in every different way with our closest friends, neighbors, and allies. in a relationship as big and complex as the one with the united states, there will be issues we need to discuss every now and then, but tremendous opportunities to work together for mutual benefit, for millions of people who work and live in ways that are interconnected across the 49th parallel. so i am happy to engage with the president on a broad range of issues quite regularl

mr. trump spoke with mexican president enrique pena nieto and canadian prime minister justin trudeau. >> i like them very much. i respect their countries very much. the relationship is very special, and i said i will hold on determination. let's see if we can make it a fair deal. >> reporter: the calls came after the administration floated a draft executive order that would have withdrawn the u.s. from nafta immediately. canada is america's number two trading partner. mexico is third. combined, the twoou >> do you have a time frame in mind for the nafta negotiation, any deadline? >> it will start very soon. >> reporter: renegotiation is a long process that will eventually require congressional approval. candidate trump branded nafta a failure and made this promise a signature of his campaign: >> all i can tell you is that nafta is a disaster. what difference does it make? we will fix nafta, or we'll term 98 it and start all over again. >> reporter: today, prime minister trudeau warned the president against acting irrationally. >> a disruption like cancelling nafta, even if it theoretical

mr. trump is particularly interested in. nejra: that was canadian prime ministers justin trudeau in conversation with bloomberg's john micklethwaithat interview on bloomberg television in coming weeks. another special guest on bloomberg television this week was microsoft cofounder bill gates, who sat down for an exclusive interview with manus cranny. he spoke about the urgent need to maintain spending on health care, and whether it will happen under president trump. bill: i am a strong proponent that innovation in health, even getting the health systems around the world to be decent enough so that as pandemics develop you see them early, you can catch them before they get completely out of control. and so if we underspend on health, we are going to have a flu epidemic, or an epidemic of some unknown pathogen that will affect us economically and even for military activity, it will be very expensive. so the balance between soft power and hard power, particularly being ready with health crises, if there is anything that could horrifically go and kill people, it would be an epidemic, so you do not want to get out of balance. manus: y

mr. macron is being seen as -- a legacy being passed from president obama to justin trudeau now to emmanuelat do we know about their conversation and what they discussed last week in paris? kevin: optics is everything in politics especially international geopolitics. with what the senior democratic strategist told me just moments ago, the former president's heir apparent to the modern progressive movement. until there is a new world by democratic leader still that leader for democrats. david: thanks kevin. recapping this headlines from today's white house press briefing, sean spicer speaking there, he was talking about new sanctions that would be put place by the treasury department. steve mnuchin spoke, so the treasury department is sanctioning 271 serious, mostly -- working on the chemistry -- chemical weapons program. you can catch the rest of that on the bloomberg with the function tv . this is bloomberg. ♪ scarlet: oliver: i'm scarlet fu. i'm oliver renick, welcome to bloomberg markets. scarlet: we are life and bloomberg world headquarters in new york over the next hour. we are cov

mrs. trump plans to move some time this summer. >> well, actor matthew perry has declined canadian prime minister jeong continue trudeau's to a fightseriously the sweetest and kind of cutest thing i've heard all day. actor perry said he beat up trudeau years wag they were in grade school. they went to grade school together. made the revelation on late night tv show suggesting the grade school class was motivated by athletic jelousy. trudeau spokesman confirms it was just an april fools joke. no fighting. >> well you probably used at least one of them in conversation. coming up the new words just added to dictionary. com. >> interesting. and today is national hug a news person day. so, we sent our meisha johnson to get some hugs. oh, please. you don't want to miss it. >> that's a holiday every day for her. >> i'm pat gallen here at holy ghost prep, where student are literally giving others a hand. they're using 3d print tears build these hand models. for those in need. you got to see this story coming up. >> ♪ >> ♪ >> the thing about listening to one adele song, them you want to go listen to the whole albumn. just can't pick one. >>

mr. trump spoke with mexican president enrique pena nieto and canadian prime minister justin trudeau. >>e them very much. i respect their countries very much. the relationship is very special. and i said i will hold on the termination, let's see if we can make it a fair deal. >> reporter: the calls came after the administration floated a draft executive order that would have withdrawn the u.s. from nafta immediately. canada is america's number two trading partner. combined, the two account for more than 29% of all u.s. trade. >> do you have a time frame in mind for the nafta negotiation, any deadline? >> it will start very soon. >> reporter: renegotiation is a long process that will eventually require congressional approval. candidate trump branded nafta a failure and made this promise a signature of his campaign. >> all i can tell you is that nafta is a disaster. what difference does it make? we will fix nafta. or we'll terminate it and start all over again. >> reporter: today prime minister trudeau warned the president against acting rashly. >> a disruption like canceling nafta, even i

mr. demetrio says he will probably sue over the incident and that the city of chicago which employs the guards is also responsible. canadian prime minister justin trudeaue good on a campaign pledge. new legal legislation legalizing marijuana expecting to take affect the summer of 2018. possession ofhe small amounts legal across canada and will establish broad guidelines concerning growth and sale. in malaysia, two women accuse of poisoning the estranged half-brother of kim jong-il and -- they say they fear what they call trial by ambush and say the police have not handed over security camera footage and immense crucial. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. julie: thank you. the long-running battle over puerto rico's debt faces another key deadline. will bondholders get some of their money back? this is bloomberg. ♪ this is bloomberg markets p i'm julie hyman. let's get a check on markets with taylor riggs. taylor: we are looking at the airlines this morning. we saw the video come out a few days ago with united airlines, the passenger being dragge

mr speaker, the tone and content of democratic debates, including a general election, is very important to all of us. does the prime minister trudeauthe people of the uk voted for last year, was for the uk to leave the european union. —— the british people. there is no turning back. but it is clear from statements made by the scottish nationalists and others that they do want to use this house to try to frustrate that process. i will be asking the british people for a mandate to com plete british people for a mandate to complete brexit and to make a success of it. it's disappointing the prime minister didn't take the opportunity to condemn the intemperate language when describing either democratic politicians. there is heckling from the other side and the prime minister should take the opportunity to underline something we should all agree on, that describing people in the way we have read in some daily newspapers by leading politicians is not acceptable. most people know that the reason why we are having a general election is because of the woeful state of the labour party. if the prime minister is so confident that her hard brexi

trudeau talked about this at a press conference earlier today. >> we understand the white house is sending mixed messages about what it wishes to do with nafta. mr. prime minister, the president has tweeted he wishes to remain in nafta, but he is willing to leave it. what is your take on conversations with him, where you feel americans are? justin trudeau: one thing ve

trudeau talked about this at a press conference earlier today. we understand the white house is sending mixed messages about what it wishes to do with nafta. mr. prime minister, the president has treated he wishes he wishes-- tweeted to