joe: alberto raymo's, at goldman sachs group you are sticking around with us.could be a new manufacturing house that includes the u.s., mexico and canada. ♪ scarlet: forget the wall. . trying to create a manufacturing powerhouse. interview, peter navarro told bloomberg we have a tremendous opportunity with mexico in particular to use higher origin to develop a powerhouse where workers and manufacturers will benefit enormously. romos. with alberto do you think that is feasible? >> absolutely. it is a 22-year-old agreement. the major technological innovation was a fax machine. it has advanced quite a lot. e-commerce, oil and gas, telecommunications. there's plenty of scope to modernize and make it a win-win treaty for everyone. how long does it take to renegotiate? it is not the best interest of mexico to engage in protracted negotiations. it will take 1-2 years and you don't know the terms, that will undermine investment decisions. rollout it will require congressional approval. there is uncertainty that will take some time to bring to fruition. we have to find