the panama canal. senator marino suggested we open the hearing by playing van halen and panama. we may not do that. between the american construction of the panama canal , the french effort to build a canal, and america's triumphant completion of that canal the major infrastructure projects across panama cost more than 35,000 lives. the final decade of work on the canal the united states spent nearly $400 million, the equivalent to more than $15 billion today. the panama canal proved a truly invaluable asset, sparing both cargo ships and warships the long journey around south america. when president carter given away to panama urchins were puzzled, confused, and many outraged. with the passage of time, many have lost sight of the canals importance to national security and to the u.s. economy. not president trump. when he demanded fair treatment for american ships and goods, many in the media stopped. the panama canal was not just given away. president carter struck a bargain, he made a treaty. president trump is making a serious argument that treaty is being violated right now.

turnover control of the panama canal, the management of the panama canal.s a process that took about 20 years of gradually turning over pieces and areas of the canal zone to panamanian management. so ultimately on december 31, 1999, panama received the management of the canal. the neutrality treaty was a separate treaty by which the panamanians committed themselves to maintaining the panama canal as a neutral waterway, not favoring any particular country or particular international power or actor, to treat every user of the canal equally. this has become an issue recently with the president-elect comments on panama canal. the neutrality treaty also gives the united states the right to intervene in the canal if that neutrality is jeopardized. the reason to my canal treaties were done instead of one, my understanding is it had to do with the best way to get this entire process through the united states senate, which was not an easy process but the treaties were ratified by two-thirds of the u.s. senate in 1978. they went into effect in 1979, effectivelye impl

remind our -- panama candle. remind us what it is and why it was or not important to the u.s. >> the panama canal is one of the most important interoceanic water way he's in the world. about 5% of global cargo commerce passes through the canal on a yearly basis, but for the united states it is over 40% of our container shipment passes through the canal. and about 70% of canal traffic is from the united states. we are the leading users of the canal. particularly, it is particularly important for trade between the eastern seaboard ports and the west. it cuts down about 7,000 miles of shipping distance when you traverse the canal to go from the east coast to the west coast. in terms of shipping an global commerce, the canal is a very important and perhaps the most important interoceanic waterway. we have to go back in history to understand the importance of the canal to the world and to the united states. the idea of an interoceanic canal from panama dates back to the 16th century of the spanish empire. the spaniard

panama and panama alone would control that canal? prof. kontorovich: certainly that is an action we can take to enforce the treaty and enforce our understanding of the treaty. that is an action we can take even without the treaty. to the extent the united states considers the chinese operation facilities around the canal to be against its interests, it can certainly condition aid and economic relationships on the exclusion of china. the united states has typically not work to way and that may be one of the reasons why china has basically made inroads everywhere. but for that we don't even need the treaty. certainly it could consider the treaty to be violated. measures like that are short of the armed forces authorized by the treaty. sen. blackburn: let me interrupt you because i do want to move on. i think that as you look at how china has used the belt and wrote initiative and we have talked some about that this morning, we know that they have pushed the digital yuan. i'm concerned that given their control over much of that infrastr

the panama canal, the canals. so the strip of land extending 5 miles on either side of that can help is leased to the united states and is administered from the canal zone spell. but the my great grandfather on my mother's side came to panama in the early 20th century. he was one of a tens of thousands of black men who came from across the caribbean, looking for work in panama, in places like the canal or the railroad. the loan is a beautiful province, rich province in so many ways cold through your rich. it's also a port for the panama canal, the boat, if you want to the streets of putting on, you would see a lot of poverty. you would see me things that are falling apart, that are not for people to live in, but people are living there. and you will see a city that has been a band and by the rest of the country, the i moved to the us when i finished high school. people's shocking to me, the most people in the west have no idea that their country occupied panama build a fence around the canal and said, this is ours

is miss panama. what are this a 4 with the lady i saw in the hands of the 4 phones is often do you see bookcase as a one of the key? but i'm really lucky out of the agreement. i gave a letter to present that and then made a 100 percent valid by them. uh, it will go to the us. and when they call floria to define these ice cream, i love the my mom to in when miss universe. but very few contestants from panama had made it to the top to us before. and for the people in cologne, who were watching for all the black people in panama, that was a major victory movie. ha, ha, ha, ha. yeah. yeah, uh huh. i get to a law. that's what i said in my brain is so part of the purchase of the gabby i'm which i had a good expert our main of it, but i could, you're ready this article i'm on o. c, s the e s a for me bring some you to a she made history is heard me to my heart when she came from. so inquiry. yeah. you know, they didn't receive a good that was supposed to come in, take all around panama is easily she, she di

why is it panama that it's marketed to the world's the panama? that is to reflect the backs to the panamanians. why is it so light skin? why is it so rich? and most importantly, how did we get here the, the street exotic night? the street to the most of the rows in front of my nose. i caught them but i most does need a b j, sir by holy michel de la. move head, veronica. the, you know, so don't know that i'm only been talking to right in the concept. the usa locust negate are looking my last task though. so during the day and i'm on a supporter license to gamble for the course. i could be most in delay. the c on constant, the main thing was when i was little, i asked my mom, why come by here be blonde. the princess is on tv or blonde. my mom just said lamar. black people are not blunt. she didn't say anything else, but i understood that people like me were not a bad. i'm like a mom on the the i don't want the warmer, but i mean the negative and i don't know what i can lucas anoine's that i got them for people who felt like annoying. i mean, i mean

and we gave the panama canal to panama, we didn't give it to china.ect�*s son — donald trumpjunior — is in greenland. it's being billed as a private visit, but comes after his father reiterated his interest in the united states gaining control over the autonomous danish territory in the arctic. donald trumpjunior isn't due to meet any officials in greenland. his father claims it's only a matter of time before itjoins the us. here's what trumpjunior had to say when he landed. we are pressed for time because we only have a couple hours of daylight so we have to see everything, but we're really excited to be here. thank you so much. here as tourists, seeing it, it looks like an incredible place. we've been talking about going for a while, i was actually supposed to be here in the spring, just something i do in my free time. an awesome time... scenery coming in was spectacular. so it's really... he says hello. we were talking to him yesterday so he says hello to everyone in greenland. nevertheless, trumpjunior�*s arrival in the capital, nuuk, prompted the

. >> the panama canal is a disgrace, what took place at the panama canal.immy carter gave it to them for $1, and they were supposed to treat us well. i thought it was a terrible thing to do. >> in a rambling press conference today trump attacked carter's legacy while carter's body was literally still on its way to the capitol to a city preparing to honor carter's life. that fight with a recently deceased president has a lot to do with trump's newfound fixation on american territorial expansion, which in turn led to a bizarre declaration that the u.s. should regain control of the panama canal. now, to understand what is going on in trump's mind here you have to go all the way back to january 9, 1964, exactly 61 years ago this week. at the time anti-american riots had broken out in panama in part over u.s. control over the panama canal. that conflict sparked more than a decade of very careful diplomacy, diplomacy which spanned the administrations of four presidents with the goal of handing control of the panama canal over to the people of panama. for most of

in panama, there's lots of kids. kate snow (voiceover): keith is a carpenter, so he built their dream home, a collection of shiny wooden buildings on top of their lush green island. cher planted tropical gardens and adopted lots of animals, including a pet monkey and a beautiful brown doberman pinscher named jack. he adored cher and followed her wherever she went. she loved the local school kids, planned movie nights with popcorn, and celebrated the holidays with enthusiasm, even though her friend sean trainer says the kids didn't always get the significance. she would do the easter egg hunts for all the kids. they had no idea what this crazy white woman was doing, coloring eggs, you know, and then hiding them around on the island. they never participated in anything like that before. kate snow (voiceover): keith and cher's relationship blossomed on the islands. in 2005, they married in front of their many friends in the close community of expats. it's a small place. you go to the grocery store, and you meet 20 peopl

1 president-elect donald trump in relation to panama?— relation to panama? think we have to go back to _ relation to panama? i think we have to go back to history i relation to panama? i think we have to go back to history and | have to go back to history and go back to the facts. panama has been forever one of the strongest allies of the united states. we have worked very closely on very important issues, like counterterrorism, actually, the canal has been one of the key elements in that strategic relationship with the united states, so it has actually caught everyone by surprise because, indeed, panama has been that kind of strategic ally. yes, the canal issue was a very contentious one 50 years ago but since the treaties were signed and ratified on a bipartisan vote here in the us senate, every us administration, both republican and democratic, have not only honoured the words of the treaty but at the same time they have benefited from as i say a better running and operated canal by panama's operations. operated canal by panama's operations-— operations.

we gave it to panama, and we're taking it back. >> president of panama is now speaking out about that. good morning. you are live in the cnn newsroom. i'm jim acosta in washington. we start with the major crackdown on undocumented immigrants that is expected to begin at any time now. after president trump declared an emergency at the southern border, city and state leaders across the country are preparing for a potential wave of mass deportations. the administration, already shutting down the app that allowed migrants to apply for asylum, leaving many of them in limbo. ya todo estaba logrado se viene abajo todo dio mio. >> quÉ va a pasar? y me pregunta? quÉ va a pasar? quÉ le doy a mi nino? no tengo ninguna respuesta. porque no sÉ quÉ va a pasar con nosotros en la calle. >> e.r.a. un tenemos una manera de legalmente hacia los estados unidos. y ahora sido completamente. el bano de sacrificio para nuestro pais. miles de baha'is para ayudar diciendo hacia un golpe muy, muy, muy duro. >> trump is also beginning the fight to remove constitutionally protected birthright citizenship here in

and we gave the panama canal to panama, we did not give it to china.ss, because about the panama canal because it is inappropriate, i guess, because it is a bad part of what they call our legacy but he was a good man. i knew him a little bit and he was a very fine person but that was a big mistake, giving the panama canal to panama was a very big mistake. let's bring in our panel. former republican congressman rodney davis and former democratic congresswoman kathy manning. good to see both and thank you for joining us tonight. congressman, i want to start with you, do you think as the president elect to have said that it was a mistake for the us to give up ownership of the panama canal? . , give up ownership of the panama canal? ., , ., canal? that is something that president trump _ canal? that is something that president trump has - canal? that is something that president trump has long i canal? that is something that i president trump has long stood against wasjimmy carter, president carter giving the panama canal to the country of panama. i can rem

management of the canal to panama.s was a process that took about 20 years, gradually turning over pieces and areas of the canal zone to panamanian management until ultimately on december 31, 1991 -- 1999, panama received the management of the canal. the neutrality treaty was a separate treaty by which the panamanians committed themselves to maintaining of kent the panama canal as a neutral waterway, not favoring any particular country or particular international power. or actor. to treat every user of the canal equally and this has become an issue recently with the president-elect's comments on the panama canal. the neutrality treaty also gives the united states the right to intervene in the canal if that neutrality is jeopardized. so, the reason two canal treaties were done instead of one, my understanding is that it had to do with the best way to get this entire process through the united states senate. it was not an easy process. the treaties were ratified by two thirds of the u.s. senate in 1978 and went into effe

particularly, the panama canal. in his inauguration speech monday, trump said china has taken over the canal and that the united states was going to take it back. both china and panama have pushed back on these claims, with panama insisting it is operating the waterway in a neutral capacity. the u.s. views the panama canal as a strategically important access point into the pacific. and rubio's task will be to navigate these difficult waters. rubio said he hopes the u.s. would be able to resolve these security concerns around the canal once and for all. china, for the record, has no official stake in the canal, but it has been purchasing and developing nearby ports. furthermore, at least five chinese state-owned companies have set up shop along the canal itself. and some u.s. commanders have warned that these facilities could be easily flipped into military use in the event of a conflict. according to the u.s. state department, however, rubio's trip will not exclusively focus on the panama canal. among other things,

of course the panama canal already belongs to well, panama and the country is president jose moreno, didn't really like trump idea. congratulations. mr. trump. the to, to be to the channel is and will remain under panama and the administration of the canal will remain under panamanian control for the rest of latin america. this was a big red flag after all of us can just lay claim to the panama canal. what else can they say is there? i did the mean there is our solidarity with the president of panama, who came out very quickly to say the panama canal belongs to the panamanians. and in fact, the panama canal does belong to the panamanians, until the very end i will be on the side of panama and the defense of its sovereignty. if the new u. s. government wants to talk business, we will talk business face to face. and for the benefit of our people, but dignity will never be negotiated. venezuela reiterates its support for panama sovereignty over the canal, and it's inalienable right to self determination. no way. trump could've forgotten about venezuela, the same country where he tried t

it's not nice to have panama. no one wants panama. what we need is the canal for access.'t get it, we are totally shut down. and 9 other thing is that is where marco rubio's going. >> lawrence: 100 percent. >> brian: anyone doubt rubio is going to be implementing trump's foreign policy vision only two took two days. >> lawrence: look at the things is he rolling out in the state department. why are we paying fees at all after we gave it to them. i mean, you would think that there would be some leverage there alone on the fees being paid. right? >> brian: i saw a story back in the 1970s when he -- when jimmy carter was there. there were massive protest. panama is like it's our canal. you built it. teddy roosevelt did it, i got it. but we want to own it. so it looked like jimmy carter didn't have much of a choice at that time because we would have had to have our military there just to secure the port workers because they were being targeted. we would call it terrorist activity. so they had to have some way to fix it. but this is not where -- this is not, accord tog the deal

china is at both ends of the panama canal and banning it. is at both ends of the panama canaland banning it. and is at both ends of the panama canal and banning it. and they come to see this biting, this guy who should never have been allowed even to run for president, of course she shouldn't have either. but they want $3 billion to fix the panama canal that is run by china makes a lot of money, one of the most profitable structures ever built because you have ships lined up back to florida frankly and they keep going through and the numbers are staggering, half—million to are staggering, half—million to a million dollars to ship and a ticket away from us, meaning we give it to them for a dollar. but not going to happen. what they have done to us, they have overcharged our ships, overcharged our ships, overcharged our ships, overcharged our navy. and then when they need repair money they come to the united states to put it up and we get nothing. those days are over. working with the republican majority in congress, we will cut taxes, slash regulations, raise wages, boost incomes at a pac

will remain panama's.mp reorienting low the federal government recognizes gender. >> it will henceforth be the official policy of the united states government there are only two genders, male and female. >> reporter: many of the orders expected to be challenged in court and congress likely months from passing supporting legislation, the practical impact of the moves today could be limited. how much different will people feel tomorrow? >> a lot of it will have teeth on it. this is a president that's done the job before. >> garrett, there's some campaign promises not included in the executive orders. >> reporter: the president announced something specific today on tariffs, which had been a major campaign pledge. tonight, the senate confirmed his first cabinet secretary, marco rubio, secretary of state, unanimous, 99-0. lester. >> ten of the orders involve immigration, a cornerstone of president trump's political identity. gabe gutierrez. >> reporter: president trump taking sweeping action on immigration. >>

given the panama canal to panama with a big mistake. we lost 38,000 people, it cost us the equivalent of $1 trillion, probably the most expensive, they say it was the most expensive structure, if we call it a structure, which i guess you can, ever built. and giving that way was a horrible thing. and i believe that is why jimmy carter lost the election even more so than the hostages. those two things. host: before we go to you, i will point out that he was a story in fox news that the panama canal ceo has denied trump's claim that china is in control of the panama canal. thematically, some of the things that trump is talking about here would lead that reorientation that we referenced with my co-author. what i think we are looking at right now is a broader reorientation on foreign policy that is more focused on the western hemisphere. talking about greenland or the panama canal as opposed to some sort of far-flung and distant theater that has more or less monopolize our attention over the last 30 years -- host: are you referring to the mi

and of course, same type of relationship in panama. that said, i think there is some credibility to be given to trump's concerns about the chinese in panama. it's certainly grown over the years. you know, in 2017, panama changed its recognition from taiwan to china. they joined the chinese belt and road initiative in 2018, investments in ports and bridges and rail lines increased dramatically. they own two of the five port zone concessions in panama. so i think we should be concerned about continued growth and engagement in china. i wouldn't i wouldn't consider military force, but i think certainly engaging them diplomatically and economically to make sure we can push the chinese out of panama is something that's very important, should be considered, i might say, though, wolf, when you look at concerns about shipping and economic security, and i think, again, that's legitimate. if we go back to the broader landscape that's happening out there in the world. panama represents 5% of global traffic in terms of trade. the houthis, which hav

one of his first stops, panama. as president trump suggests, he wants to take over the panama nal. we're live with the challenges rubio faces. >>> which films will battle it out for top honors and statues at this year's academy awards. >>> and a conservation effort to reintroduce gray wolves to colorado. but can wolves and humans, including ranchers, learn to live side by side again? it's friday, january 24. "early today" starts right now. >>> thanks for being with me this morning. i'm frances rivera. fire crews in southern california continue to battle the hughes fire, still more than 10,000 acres in size. it's now 36% contained. on thursday, a new blaze broke out near the mexico border, torching more than 500 acres. it is still zero percent contained but not near any structures. president trump is set to tour the catastrophic wildfire damage in the california area after visiting western north carolina which was ravaged by hurricane helene in september. >> reporter: significant progress made here at the hughes fire behind us. this is where the fire started burning just a day ago.

trump's obsession with the panama canal. so our phil mattingly went down. went to panama.s trump has repeatedly threatened to take back the canal and has left military force on the table. phil talks to the man who ran the canal for nearly a decade. he says trump is not telling the truth about the critical waterway that provides a massive shortcut. obviously, you know, otherwise you got to go all the way down around south america connects the atlantic and pacific. phil mattingly is out front reporting tonight from panama. >> this is the panama canal, a 51 mile corridor linking the pacific and atlantic oceans. its creation helped the united states become a global superpower. most people don't get access to this. but what you're standing on top of right now, it's a modern marvel. it is an engineering miracle. only twice in the history of the panama canal has transit actually stopped. it's that invaluable to world trade, to the world economy, to geopolitics in general. it also underscores why any president, president-elect trump being one of them, cares so deeply about its ope

paul: let's talk about panama and the panama canal. let's go through some facts here.[laughter] >> chinese are not running the panama if canal. there are no chinese soldiers in the panama canal. u.s. shipping is not upcharged, the military is not upca charged to go through the panama canal. panama has a treaty with the united states, panama's respecting that treaty, you know? there's really no grounds here for what he said except perhaps that panama has a raised the toll to to go through the canal this year -- paul: is that, do they discriminate in that toll -- >> no. no, of course not. but the toll as has gone up, and i suspect that what's going on is that some of the exporters who use the canal for energy and grains out of houston are upset about the increase. what you have to keep in mind here is that there is an advisory board that the panama canal authority talks to to when it's making the case for toll increases. and the chairman of that advisory committee is a retired u.s. admiral. so the advisory board gave the canal the green light to go ahead and do this, so

we gave it to panama and were taking it back. the above all my message to americans today is that it is time for us to once again act with courage, vigor, and the vitality of history's greatest civilization. so as we liberate our nation, we will lead it to new heights of victory and success. we will not be deterred together, we will end the chronic disease epidemic and keep our children safe, healthy and disease free. the united states will once again consider itself a growing nation, the one that increases our wealth expands our territory bills. our cities raises our expectations and carries our flag into new and beautiful horizons and we will pursue our manifest destiny into the stars. launching american astronaut to plant the stars and stripes on the planet mars. the campaign is the life blood of a great nation. and right now, our nation is more ambitious than any other. there's no nation like our nation. americans are explorers, builders, innovators, entrepreneurs and pioneers. the spirit of the frontier is written into our h

trump today at his presser. >> what took lies at panama -- what took place at panama canal, jimmy carter gave it to themes there are one done -- them for one dollar, they were such on thed to treat us well. china is taken it over, they are at both ends of the panama canal. we need greenland for national security purposes, we have china ships all over. and russian ships. we're not liting that happen. the people be probably vote for independents to come to u.s. u.s. >> senator sheehy, by the way god bless you as a former navy seal and veteran, you searched in a number of theaters, i think that greenland stuff that and i think a key point for american interest. it is a chokehold, if you will. and hire -- here too, china and russia nosing around greenland. i know part it china calling its an arctic power, what is bloody nonsense, se senator sheehy what do you make of that? >> well, this is another point of strategic interest for america during world war ii and korean war and through cold war we had locations all over the pacific and atlantic to include greenland and iceland. those locations

well, my interest in panama really began when we had the miss universe contest in panama, which i ownown the miss universe, and it was one of the most successful contests we've ever had. not all of his business dealings in panama have been a success. there's a complicating factor for panamanian officials trying to figure out what the president elect actually wants here. and that starts right here, because this building, this building is the tallest building in central america, and it is a building that used to be known as the trump international tower and hotel, also home of the trump ocean club. now it is neither. the gleaming 70 floor resort marked trump's first international hotel venture, a massive project mired by mountains of litigation and confrontation that led to the removal of trump's name from the property halfway through his first term in the white house. as for trump's attack on the terrible deal that set in motion the u.s. handover of the canal and its surrounding zone to panama, that's rooted in an even longer standing preoccupation. jimmy carter gave the panama canal a

contest in panama, which i own. i own the miss universe, and it was one of the most successful contests we've ever had. >> not all of his business dealings in panama have been a success. there's a complicating factor for panamanian officials trying to figure out what the president elect actually wants here. and that starts right here, because this building, this building is the tallest building in central america, and it is a building that used to be known as the trump international tower and hotel, also home of the trump ocean club. now it is neither. the gleaming 70 floor resort marked trump's first international hotel venture, a massive project mired by mountains of litigation and confrontation that led to the removal of trump's name from the property halfway through his first term in the white house. as for trump's attack on the terrible deal that set in motion the u.s. handover of the canal and its surrounding zone to panama, that's rooted in an even longer standing preoccupation. >> jimmy carter gave the panam

and we gave the panama canal to panama, we didn't give it to china.s threat to put crippling tariffs on goods from canada and mexico if they don't tighten border security. and he announced a unilateral plan to completely rename the gulf of mexico. we're going to be changing the name of the gulf of mexico to the gulf of america, which has a beautiful ring. that covers a lot of territory. the gulf of america, what a beautiful name. joined by his special envoy to the middle east, donald trump says there has already been a lot of progress on efforts to release about 100 hostages held by hamas in gaza. he wants them freed before his inauguration in less than two weeks. if those hostages aren't back — i don't want to hurt your negotiation — if they're not back by the time i get into office, all hell will break out in the middle east. and it will not be good for hamas, and it will not be good, frankly, for anyone. all hell will break out. i don't have to say any more, but that is what it is. i, donald john trump, do solemnly swear... in under a fortnight his

and panama, as promised to us, has been broken. the purpose of our deal and the spirit of our treaty has been totally violated. american ships are being severely overcharged and not treated fairly in any way, shape or form. and that includes the united states navy, and above all, china is operating the panama canal, and we didn't give it to china. we gave it to panama, and we're taking it back. the above all my message to americans today is that it is time for us to once again act with courage, vigor, and the vitality of history's greatest civilization. so as we liberate our nation, we will lead it to new heights, a victory and success. we will not be deterred together, we will end the chronic disease epidemic and keep our children safe, healthy and disease free. the united states will once again consider itself a growing nation, one that increases our wealth expands our territory bills. our cities raises our expectations and carries our flag into new and beautiful horizons. and we will pursue our manifest destiny into the stars, l

31, 1999, turnover control of the panama canal, the management of the panama canal, to panama.his was a process that took about 20 years, gradually turning over pieces and areas of the canal zone to panamanian management, and ultimately on december 31, 1999 panama received the management of the canal. the neutrality treaty was a separate treaty by which the panamanians committed themselves to maintaining the panama canal as a neutral waterway. not favoring any particular country or particular international power, or actor. to treat every user of the canal equally. and this is -- and this has become an issue recently with the president-elect's comments on the panama canal. the neutrality treaty also gives the united states the right to intervene in the canal if that neutrality is jeopardized. the treaties were done instead of one. i understanding is it had to do with him the best way to get this entire process through the united states senate was not an easy process, but the treaties were ratified by two thirds of the u.s. senate in 1978. they went into effect in 1979 and they w

cutout —— the panama canal, vital for panama cutout —— the panama canal, vitalfor america's panama cutouts security. it is vital for america's security. it is bein: vital for america's security. it is being operated _ vital for america's security. it is being operated by _ vitalforamerica's security. it 3 being operated by china, china! we gave the panama canal to panama and not china, but they have abused that gift. he not china, but they have abused that . ift, , ., not china, but they have abused that rift. , ., , ., not china, but they have abused that . ift. , ., , ., ., , gift. he repeated his threat to put cri linu gift. he repeated his threat to put crippling tariffs — gift. he repeated his threat to put crippling tariffs on _ gift. he repeated his threat to put crippling tariffs on goods - gift. he repeated his threat to put crippling tariffs on goods from - crippling tariffs on goods from canada and mexico if they do not tighten border security, and he announced a unilateral plan to completely rename the gulf of mexico. ~ ., ., ., , completely rename the gulf of mexico. ., ., .

well, my interest in panama really began when we had the miss universe contest in panama, which i own. i own the miss universe, and it was one of the most successful contests we've ever had. not all of his business dealings in panama have been a success. there's a complicating factor for panamanian officials trying to figure out what the president elect actually wants here. and that starts right here, because this building, this building is the tallest building in central america, and it is a building that used to be known as the trump international tower and hotel. also home of the trump ocean club. now it is neither the gleaming 70 floor resort marked trump's first international hotel venture, a massive project mired by mountains of litigation and confrontation that led to the removal of trump's name from the property halfway through his first term in the white house. as for trump's attack on the terrible deal that set in motion the u.s. handover of the canal and its surrounding zone to panama, that's rooted in an even longer standing preoccupation. >> jimmy carter gave the panama c

the panama canal.ishly gave it away the one condition that was insisted upon is that the canal would remain neutral. it's not to you that neutral anymore it's part of china's belt and road buy up ports and build airports and if you criticize the ccp may not get flights anymore. build infrastructure that they can turn it on and turn it off. we simply from a national security perspective cannot have that situation with regard to the panama canal. our navy as i said goes through there president trump spoke very clearly about this and the united states senate who entered into that agreement and essentially gave the panama canal back through that treaty to panama, the united states senate now needs to speak very clearly on this. >> ainsley: the president of panama says it belongs to panama. is the president just trying to put pressure on them to cut ties with china or will he really takes it back. if he wants to or decides, to how can he do that? >> i think all options are on the table. one thing is very cl

the panama canal is a disgrace, what took place at the panama canal.ve it to them for one dollar, and they were supposed to treat us well. i thought it was a terrible thing to do. it was the most expensive structure ever built in the history of our country, relatively. it would be the equivalent of over, substantially over $1 trillion today. we lost 38,000 people. think of it, 38,000 people, they died from malaria, mosquitoes. they were unable to stop the mosquitoes. they paid people five times more to take the job. many of those people died. we gave it away for a dollar. but the deal was that, you know, they have to treat us fairly. they don't treat us fairly. they charge more for our ships than they charge for ships of other countries. they charge more for our navy than navies of other countries. they laugh at us because they think we're stupid, but we're not stupid anymore. so the panama canal is under discussion with them right now. they violated every aspect of the agreement, they morally violated it also. and they want our help because it's leaki

but also to push trump's claim of regaining the panama canal. he says that panama canal.ging american ships and excessive fare and that china has influence on this key cornerstone in maritime transportation. however this is not going down well in panama, there have been protests and the panamanian president has said that this was not a gift or concession by the us, from the us, and that the us, from the us, and that the sovereignty of this canal is a non—negotiable, it will not give up the canal. the tariffs, the prices for passing through it a very fair and china has no influence on it. so a very strong rebuff from panama but it will be interesting to see where that conversation goes.— conversation goes. yes, that tri - conversation goes. yes, that trip could — conversation goes. yes, that trip could happen _ conversation goes. yes, that trip could happen in - conversation goes. yes, that trip could happen in the - conversation goes. yes, that i trip could happen in the coming days. thank you, mimi. the 18—year—old who pleaded guilty to murdering three young girls in sou

contest in panama, which i own. own the miss universe, and it was one of the most successful contests we've ever had. >> not all of his business dealings in panama have been a success. there's a complicating factor for panamanian officials trying to figure out what the president elect actually wants here. and that starts right here, because this building, this building is the tallest building in central america, and it is a building that used to be known as the trump international tower and hotel, also home of the trump ocean club. now it is neither. the gleaming 70 floor resort marked trump's first international hotel venture, a massive project mired by mountains of litigation and confrontation that led to the removal of trump's name from the property halfway through his first term in the white house. as for trump's attack on the terrible deal that set in motion the u.s. handover of the canal and its surrounding zone to panama, that's rooted in an even longer standing preoccupation. jimmy carter gave the panama can

giving the panama canal to panama was a big mistake. we lost 38,000 people. it cost us the equivalent of $1 trillion. they say it was the most expensive structure, is -- if we call it a structure -- which i guess you can -- ever built. giving that away was a horrible thing and i believe that is why jimmy carter lost the election even more so than the hostages. those two things. reporter: on ukraine, you said it is a lot more complicated. pres. elect trump: much more complicated. it would not have started. reporter: it has started. pres. elect trump: not only started, cities are largely knocked down. reporter: at this point will you make a commitment to the ukrainians that you will keep supporting them? pres. elect trump: i would not tell you if that were the case. reporter: if they do enter into an armistice or cease fire, along the lines of the french and the germans. pres. elect trump: a big part of the problem was russia, for many years, long before vladimir putin said, you can never have nato involved with ukraine. they have said that. that has been writt

he's talked about taking over the panama canal from panama, is talk to about making candid all the 51st aid. he's called the border between the us and canada and the artificial line. so really i think it's difficult to say whether he has a concrete foreign policy goal in mind when he says these things. but i think it does betray a certain kind of mindset. perhaps it's a mindset that harkens back to his a former role in life as a realize stable goal where it was important for him to take land and own structures. but that is just me speculating, but i think there is something to it perhaps. so when he talks about his vision of america, what he's really talking about is a more expansionist vision. when he talks about making america great. again, perhaps what he actually means is going back to america with more imperialistic impulses. and i do have the feeling that so this is another layer to america 1st that we're going to end up talking about more and more as, as administration progresses. now we truly are leaving an interesting times. i'm afraid we have to leave it there. that was due to

i spent a lot of time in the panama canal and in panama in the last couple of years.y had a president down there that was very pro-china. now we've got a president down there, i went to his inauguration tobacco in july, me lean know, he is all for president trump. he understands what's going on. he's tried to help us. the previous president signed 28 connecticuts with the chinese -- contracts with the chinese. they didn't fulfill but 1 of those 28 in 5 years' time. so at the end of the day, or president trump's going to go in and help panama. we've got to take the panama canal back. we've got to do something because if we were to happen to go to war with china over taiwan and they were to shut the panama canal down, we'd have to go 8-10,000 miles longer if we had to go from the east coast to china. larry: wow, that's a great point, sir. that's a great point. let me just play some tape on these points from mr. trump today at his presser. take a listen, please, gentlemen. >> what took place at the panama canal. jimmy carter gave it to them for $1, and they were supposed

we're not going to go invade panama in order to get the panama canal.is all about if we have to, using a military-type presence in order to deter china so that we can achieve our ends when it comes to the panama canal and when it comes to greenland. but, no, we're not going to have troops on the ground fighting the danish. even wherever denmark is, that's not going to happen. that's not what he means. this is all bigger picture geopolitical against china. stuart: got it. stay with me for the hour, please, todd piro. we've turned to the green, not much, but a little bit. dead flat s&p, nasdaq now slipping 10 points. eddie ghabour with me this morning. we have treasury yields rising, tech stocks selling off. do you expect that to to continue? >> not in the near term, stuart. this rise in rates is no surprise surprise to us. we've been talking about inflation is going to to reaccelerate this year. and the 10-year, we believe, will ultimately get to 5% and higher at some point in time. in the near term, i expect a breather. rates have moved really fast, and

giving the panama canal to panama was a very big mistake. we lost 38,000 people. it cost us the equivalent of $1 trillion, maybe more than that, probably the most expensive. they say it was the most expensive structure, if we call it a structure, which i guess you can ever build. and giving that away was a horrible thing. and i believe that's why jimmy carter lost the election, even more so than the hostages. those two things. >> if i could just follow up on ukraine and iran, the two negotiations you'll be heading into on ukraine. you said just before it's a lot more complicated now. >> much more complicated. do you believe, because it would have never started. >> but it has started you. >> well, not only started, the cities are largely knocked down. they're they're like what you've got at this point. >> would you to hold on to leverage in dealing with president putin? would you make a commitment to the ukrainians that you will keep supporting them during the negotiations? >> well, i wouldn't tell you if that were the case to provide a security guarantee. >> if th

china is using the panama canal.ber one adversary. great to get your take, thank you, sir. austin scott is in d.c. we'll be right back. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. borrow up to a hundred thousand dollars to consolidate bad debt and save money for your next goal. take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. consolidate bad debt and fund all your ambitions with a sofi personal loan. go to sofi.com to view your rate. sofi. get your money right. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fatal. stop jardiance and call your doctor right away if you h