mexico through amlo, well, i have followed his political history. have closely identified with them in terms of the social policies that he has proposed. i believe that mexico is going to draw a clear line, vis-a-vis, what trump wants and what we need to do with mexico. mexico in recent years has practically been supervised and of the united states. i think that is going to change. even though trump has had some ideas in those approaches to lopezs over, i believe obrador, because of the social support that he is had through the ballot box, is going to be obligated to follow through with the country in respect of things which have been denied to us. i'm speaking specifically of social justice. there is a tremendous debt in terms of security, huge debt in .erms of health, education and i think we're going to begin there. and among other important things , our energy resources, which have been practically given away two countries like the united states and canada through the north american free trade agreement. reclaim ourneed to oil, our electricity,

amlo comes into power december 1.ey can get something together with canada in the next week, that would be great. we seeing that reflected in the peso. buy signal for you, or is there fundamental political risk you have to look at in mexico as well? reporter: i think we are very close to fair value on the mexican peso. we went long at $20 just before and low -- just before amlo came into power. we remain positive across the board and across asset classes. i think the gains are marginal at best. my sources, the energy dispute has been resolved. the thing that i think is still killng is the automatic after a certain period of time. there is a resolution in the very near term. i am very positive with regard to u.s.-mexican bilateral agreement. could it be trilateral? great. if not, canada and the u.s. have a free trade agreement that predates nafta. canada would refer back to its free trade agreement from 1989. david: if you team up with mexico, there's going to be a lot of pressure on mr. trudeau to make a deal. guest:

the incoming new amlo president administration, the president that was just elected on the first of july, the new resident, and the outgoing pin the owe administration both want a deal done so the current president can sign it. the new guy does not want to inherit this hot potato as the first thing he has to deal with. and in order for the current president of mexico to sign it, and the 90 days of extra notice before it can be signed to be gin to congress, the drop dead deadline, if you are covering this, if there is not notice to congress by august 27, august 27, there's not going to be a nafta signing this year, and so your story will be, hmm wharkt hell happens to nafta as negotiations roll into 2019, versus if they give notice any time between now and the 27th of august, then there will be a signing. december 1 is when the new mexican president is inaugurated, and they will find the time to do the signing, and then text will be locked t. doesn't go into effect until the vote is on it, because there are some other stops, ssuming they go give notice, so that would be next. on the 30th

and that can only be seen as a good thing i think that largely affects that amlo will be very focuseda and domestic priorities and he has a lot of things that he wants to tackle in mexico having this cantankerous relationship with the u.s. is certainly not helpful to that. but, you know, i wouldn't assume that this honeymoon period will continue forever amlo will insist that the united states treat mexico with respect. and certainly, if president trump doesn't get what he thinks he wants or needs or deserves in these negotiations and resorts to his historical tactics with mexico, things could go south pretty quickly so the jury is a bit out, still. >> do you think he's playing canada against mexico? he's got, now, sort of, it's a good cop/bad cop canada may feel left out, i guess. i don't know if he were to lose mexico, it would be -- he would haven't that advantage with canada >> it's interesting, because, if you go back to the beginning of these negotiations, canada was the good student, the teacher's pet, and next was kind of vilified by trump. now, we've had this election, you've

the deal needs to be struck by friday in order for amlo to get it in before he -- in order for it tore he takes office. >> okay. >> that's december 1. but then we also have the november elections. i don't think president trump wants the midterms with a cloud hanging over nafta because that's what really impacts his base is nafta. agriculture, the midwest, manufacturing, autos. so i think there's -- there's a better story in having china be the foil than having nafta cloud hanging over all his constituents. >> that's an argument for get to go a faster -- >> exactly. exactly. there's no question they want to get to a faster deal. they want to start with mexico, but the canadian variable is the one that that can hold things up. >> you're optimism may not be that we have a deal tomorrow, do you think we have one in the next -- >> i think we have a handshake tomorrow or today or whenever and they'll be discussions about canada coming in and the canadians will make a statement saying we're looking forward to it, but again you have this personal cloud hanging over the negotiations, which in