there might be one from their home in canada look, a scene warm hyde park, from on spills, so they are all over. there is not a clear chronology of them, so we are trying to sort through them. we put together a little highlight reel where we get a clips from warmpts springs and from can tabella. >> so these are mostly black-and-white? paul: mostly black-and-white, but there is some colored footage, at the house with her irish setter and his mother, sarah, cutting roses in the rose garden and the children riding horses. it is very unusual color footage from that period. there is some of eleanor roosevelt knitting with some of her friends. library come fdr to acquire the collection? paul: it was acquired in august of 2017, and it has taken a wild go through it and have it transferred. some of the old film stock is fairly fragile, and there is the national archives worked in maryland, the color line, so they have to go through the process of getting it ready for transfer, and we transferred it in both what they call for a video files and high-definition video files so that he footage in t

for the us, looking for a sensible update to the nafta. forthe us, canada update to the nafta. for the us, canada is its biggest foreign trading partner. 35 states have canada as their biggest single foreign market. the north american auto industry in particular is deeply integrated. to have a deal that canada is excluded from doesn't make any sense for the us from an economic point of view. the us president is looking for a victory to say he has achieved something on nafta and so is trying to put the pressure on to say he has achieved something by friday. canada feels a little bit bruised on this. a divide and conquer approach from president trump until now. we know what happened in the g7 lorik canada feels isolated. will that be weighing on the minds of canadian leaders when they go into these negotiations? canadians representing the country in these negotiations are highly skilled, highly experienced, they are adults, there are sensible. they are seeking an outcome that would be in the best interest of the country in the long—term. ca nada's interest of

make canada look like it has to agree or be the bad guy in the situation. there is some pressure for sure. taylor: does the u.s. game whether canada mrs. -- gain whether canada misses the deadline and we go it alone with mexico? does the u.s. come out ahead either way? >> business groups and lobby groups and members of congress said they want to give nafta a trilateral deal and if the u.s. moves ahead with mexico and canada is left in the dust, they will be questioned from businesses about where does this leave their supply chain across the entire north american region. and what happens with the relationship -- trading relationships with certain .tates, canada and particular they will be a lot of questions and not a lot of answers immediately. there will be concerned about canada joining the deal and keeping this trilateral. romaine: bloomberg had out a report that about how justin trudeau is starting to see some pressure by his party. what is the potential political fallout in canada if a deal is not agreed to soon? >> the u.s.-canada trading relationship i

canada. it seems like, when you take a look at market sentiment, there will be a deal between the us and canadabut does trump really want from a ministerjustin trudeau in canada and what is canada on from this deal? —— prime minister. and what is canada on from this deal? -- prime minister. trump's main position is reducing the nominal benefit —— deficit and increasing manufacturing jobs. that is why all of these agreements, including with china, these revolve around autojobs. including with china, these revolve around auto jobs. canada including with china, these revolve around autojobs. canada has a serious deal breakers and these are these investment stake issues, where a private company in that nafta region can sue and other government for loss of profit if say, environmental regulations in canada gets past. if it has a us company it can sue them for canada. that is a dealbreaker, they can sue them for canada. that is a dealbrea ker, they want can sue them for canada. that is a dealbreaker, they want that out of the provision in addition to the dairy industry quite protected and trump wants

well, the message to canada is look carefully we would like to coordinate with you. we would like to make a good deal with you. you've seen a lot of the issues. we also know there are stumbling blocks with regard to canada but for now we're going to celebrate the mexican deal, which by the way most folks or many folks didn't think we'd ever reach and we hope canada is watching carefully at how successful negotiations can go. >> and what's the plan, larry, if canada doesn't join the party? can the bilateral deal still be pushed through as it is, and is it that possible before the mid-terms? >> we believe the bilateral deal could be pushed through congress as it is i'm not a lawyer, but, yes, we think it can regarding the other side with canada, again, we really would like a deal with them. there are a bunch of issues. we've been at it for some time they know the issues, we know the issues but i must say from time to time, the president has said if we can't reach a good strong fair deal with canada, we might have to resort -- the u.s. might have to resort to auto tarif

we are looking to see whether canada will be included in that as well.amy: one of canada's biggest sticking point is dispute panels . tell us about that and what kind of compromise we might see here. has always favored the trilateral or i guess bilateral dispute settlement mechanism that allows for panels to mediate the dumping disputes between canada and the u.s. discountse kind of and subsidy disputes between canada and the u.s., rather than leaving determinations only to u.s. courts -- solely to u.s. courts. this was in the original free trade agreement they had in the 1980's that became part of nafta in the 1990's. this is a priority for canada. the u.s. has a priority of wanting better access to the dairy market. being against these panels, because they see them as the sovereign entity of american courts to make determinations about the american economy and businesses. so some analysts have said they see perhaps a deal lining up or trade-off between the two countries that perhaps the u.s. 19ld give some on chapter dispute settlement if canada is wil

and canada. looking pretty good, trying to reach a new trade deal by tomorrow. s resume 9:00 this morning as president trump and canada's prime minister justin trudeau sound hopeful to meet the friday deadline. >> get the latest from our own lawrence. >> good morning lauren and cheryl markets move based on what the canadians were saying, in fact, the chief negotiator for canada, the minister foreign affairs said she's optimistic there could be a trilateral deal by justin trudeau of canada but he went ton say that canada would only sign a dole that was good for canada. president trump, though, softening his tone on neighbors to the north. >> canada very much wants to make the deal and, obviously, very good for canada if they do and i think it is probably not good at all if they don't. we have a very good relationship they came yesterday to the white house. and we negotiated late into the evening. they're in the white house right now when negotiating with them right now. they want to be a part of the deal. and we gave until friday i think we're probably on track. l

i was at a canadian firm two weeks ago and he said virtually every company in canada looks atmp moving people to the united states because the new tax code makes us the most competitive country in the world. you are better off tax wise to be here than anywhere in the world. t you will see a huge amount of money coming into the u.s. to create jobs but at the same time you have the deregulation process. the trump team has deregulated more than all the other presidents in world war ii combined. so that liberates businesses to invest but then you start to see the economy take off because the deregulation process and will that say go out and increase your business to hire more people the government will not harass you or try to be out of business. you are already starting down that road. we lose 15 people per year at they a but we there are that many it is designed to carry a rocket up to 50000 feet then launch it to make flying in faith the same convenience of getting on an airplane to say i will call aheadd then you don't have to go through training -- training to houston. the e third exa

canada, quote an inch. a deal is still in the works. we break it down with the facts, we bring, look who is here, economist ben stein to react. anything can happen in next hour. >>> high per -- hyperbole, another democrat comparing president trump to a terrorist, like osama bin laden claiming they have a lot in common. >>> media going big on trump volunteer, blocking a news photographer camera at indiana rally. trump campaign says he has been removed but where was the media when antifa physically attack ad news crew in charlottesville? the news media, you know what, should not be blocking but should cover all stories. we have legal eagle alan dershowitz on rudy giuliani saying he and the president will have a report to counter special counsel robert mueller's findings. thank you so much for joining us. thank you for watching. honey, politics, we've got the debate behind tomorrow's headlines. i'm elizabeth macdonald. "the evening edit" starts right now. ♪ liz: a let's take a check on the market. stocks clinching though its best august performance in more than four years. more on your

and canada look like they are going down to the wire, as they try to reach a deal by friday's deadlineutcome could hinge on dispute panels the trump administration was to limiting. a u.s. official says it is and not certain if the american side will budge on its demand for getting rid of them. however, negotiations on both sides have expressed optimism over the talks. former san francisco 49ers quarterback colin kaepernick has to dismissess bid lawsuit, which alleges that the club colluded to prevent them from finding another team. he was one of the first of the players to kneel making him the face of the black lives matter. to see athletes protest these with sports event. trump says they should be fired. global news 24 hours a day on air and online on tictoc and twitter powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. thank you so much for that. we are getting to some fast moving developments in the argentina story. the source of this year's e.m. selloff. we have the finance minister and the treasurer say he will travel to d.c. to meet with

it is leveraged for canada because canada wants to look at chapter 19 of the old nafta and for canadacase of which is more important. dairy form is -- which is more important. dairy form is —— farmers are important in canadian politics. forjustin trudeau this will affect votes in the next election so he must be careful. the consequences could be severe. looking at the market. argentina's economy is in trouble, isn't it? last year they seemed to be going well and everybody thought the peso was overvalued but this is plummeting. they are struggling because of drought so in terms of commodity trading they have suffered. they have a huge and potential loan from the imf which argentina is not a fan of solid is about mass recovery. they were doing well and then they were plunged into high inflation rates and the cost of goodsin high inflation rates and the cost of goods in argentina for their citizens are the same. the cost of living as high as is inflation. it affects the people and they will need to find a way to get through this. 16 years ago they were shut out of the international marke

anyway, we're looking at sunrise at niagara falls. we are on the canada side looking at the u.s.es out there. it will get up to 78. i did this because i did it my way. >> have you ever been to niagara falls? >> i have. it is spectacular. that is how we start a monday morning. >> relaxing and refreshing picture of niagara falls. good morning. it is monday, august 13. pam has the day off. >> i'm dave clark. let's talk about our weather in the bay area. it is good to see steve back. >> travel plans to the east, it will not stop raining. from new york to boston you could encounter some trouble delays. it has been nonstop rain for them and nonstop high pressure for us. it looks like it's backing off today. low clouds will kick in today. 50s and 60s on the temperatures . it looks cooler. east bay temperatures more upper 50s and 60s. 57 blackhawk. 85 moraga. there's the onshore breeze gusting up to about 30. low clouds going from not much to a big fog bank. a few high clouds above attempts cool enough. 60s and 70s and now more 80s inland. >>> sal is concerned because he thinks all the s

canada's banks. >> they are looking at it from a macro perspective. exception of some that have sizable operations in mexico. the threat hit the trump is giving is he will hit auto tariffs. canada quit nafta or got frozen out, let's say auto tariffs hit candidate that would be a wham! of bad things. that is where the banks are looking. this comes at a time when the bank of canada is deciding when to raise rates. overtook on a lot of debt the last seven or eight years when rates were low. >> finally this issue of the auto tariffs. if a deal cannot be reached, people are watching the very closely. >> yes. we also had the steel and aluminum tariffs. the presumption was that they would go away if there was a nafta deal. we don't have clarity on that. it looks like sicko made a deal the steelt get rid of and aluminum tariffs. that is another big one. the tariffs that might come on autos but the ones that are on steel and aluminum as well. canada will look for a resolution there also. it is a tight needle to thread. do everything in a way that allows everyo

good progress has been made on autos and canada looks forward to signing a deal as long as it is goodd also say when asked about a nafta deal that his position on supply management has not changed and he will defend it. so you can read into those as you will, from justin trudeau. but you know, on the one hand there's no deal done yet on canada's side. the negotiations continue but he does look forward to signing a deal if it's good for canadians. might be good for stocks. let's bring in keith fitzgerald now as well as todd horowitz. let's start there, and we will talk about the economy as well. keith, some of the worries fading here obviously the last couple days, what i just told you from trudeau adding to those worries fading? >> yeah, i think it does. everybody, it's very hard to argue with two things, momentum and strong money. as long as you have both of those things, people who are weaker players will want to follow along. it's like moths to a campfire. you will go to where it's brightest and the world capital markets know this. i think it's logical these people fall in line now

notice just off the coast not as much smoke from the northwest or western canada. look at the hour-by-hour trend. unhealthy for all groups of air quality. by midday today you could see how the nasty air quality started to shift away and just now started to see the spare the air conditions, that area of orange starting to clear the bay area. as we head to the weekend, we'll have a smoke advisory that continues through sunday. we're starting to see improving air quality setting up for saturday and even better air quality for sunday. the hour by hour forecast and some temperatures in the seven day forecast will surprise you in about 12 minutes. >>> we'll see you shortly, rob. another wild and destructive evening in hawaii. within the past hour the national weather service has downgraded hurricane lane to a category 1 storm. a live look at honolulu where it's about 3:00 in the afternoon. now that massive storm likely will not make landfall on the islands but it is already leaving a path of destruction. you can see some of it here, floodwaters ravaging hilo and the big islan

do you have numbers for how canada has looked, how many asylum claimants canada has received rather innt years? for example, 2001, it's my understanding that around 80,000 or 45,000 in that in that you are, in fact, injured canada matches well with 2017 at 50,000. those numbers accurate? >> yes. [inaudible] >> sure. >> i can respond in the sense if you look at a 20 year timeframe when there is ebbs and flows through those 20 years big you have high of 44,000 and if you extra in 2001 picky also below in 2013, 10,400. jeff last years number of 50,000 plus. but over all you see the numbers and the unpredictability i think is the point over the 20 years. >> that lines up well with a very recent study published, mr. chair, by the school of public policy at university of calgary. it says that as result of the fact that candidate in 2001 had 45,000 people enter the country as asylum claimants -- canada. it shows the country has handled largest influxes of asylum seekers in the. it concludes with a quote from a professor, an economics professor at the school of public policy, most countries he

tariff and chorus is a much easier way to go but perhaps together would be much better for canada and we're looking to help you know we're looking to help our neighbors to that we can help our neighbors that's a good thing not a bad thing the u.s. mexico and canada do more than a trillion dollars in trade between them annually so all three countries are hoping to finalize a deal. let's get the latest from a financial correspondent in a new york school to joins us a year ends the news of an initial deal between the u.s. and mexico what might it look like and what do you invest make of it. what we know so far is that specially when it comes to the car industry and more cars than cars are supposed to be manufactured in the united states and what we also know was that this deal is supposed to get reviewed in about six years or every six years other than that we're still a bit short on details as the u.s. president donald trump said the new name is so much more elegant than those for the rods from u.s. president donald trump so for now it's mostly a real branding actually so much real change in comparis

at area, look at poultry. when canada was going into the tpp, transpacific readership, they would only open up markets 5%, so it is good to see that the mexican government is siding with the government, the u.s., good, let's get rid of all tariffs. if you are really serious and want to get free trade, let's do it. and then guess what happening. an old antiquated deal called nafta will be renegotiated if i was fine before e-commerce even took effect. this needs to be adjusted. i have contrast with large -- this is what private markets and enterprises do. they look at contracts on a continuing basis. charles: on the grace to your point, i.t. protection is better in this than it was in tpp. agricultural protection is better than it was. of course again, government shouldn't have his fingerprints this involved in trade or else it's not really free trade. >> right, you just understand this is a done deal, this is good. no it's not. 90 days in congress. if they want to join, it seems like maybe they will because of a sunset cla

says is still hopes to find common ground on trade with canada after reaching an initial agreement with mexico on to a new look now after the u.s. president is pressing canada to accept new terms for the way car imports attacks if not the president says he'd happily leave also out but that comes at a cost mutual trade between the three nations totals more than a trillion dollars annually canadian prime minister justin trudeau said he would only sign a revamped north american free trade agreement that is good for his country. he

tariff and course is a much easier way to go but perhaps together would be much better for canada and we're looking to help you know we're looking to help our neighbors too we can help our neighbors that's a good thing that. the u.s. mexico and canada do more than a trillion dollars in trade between them annually so all three countries are hoping to finalize a deal. and let's get the european perspective on that story no crossing over to pal but it's element of the frankfurt stock exchange how well does the end of nafta mean for trade talks between the u.s. and the e.u. . well monica you could think that this is taken as a positive sign you know trump at least isn't all about smashing glass is actually about building something there is a plume prism for a limb and carries our agreement with mexico but if you see the dots behind me and you know it's not dancing of joy here and that's because there's still so much confusion about this deal is going to is kind of they're going to be a part of it or is it not and they're still don't know it's actually a recent study shows that seventy one percent of ex

in the latter part of trade, we see chinese markets under pressure. -- 300 up by around it looks like canadas. are working towards some kind of deal. the yen being retreated. we are not seeing investors pushing to save havens. must have a look at some of the stocks we have been watching in the region. of the front one runners. this is the construction maker in australia coming through with pretty good numbers. the ceo on bloomberg markets: asia saying he expects good growth to continue.shares up the most since 2009. china southern under a little bit of pressure, falling the most in two years on the klein -- decline. competitors bowing out of one of its key metrics, so that is starting to give more support to tsmc, the chip manufacturer. anna: juliette saly in singapore with the latest on the markets. rejoined nafta talks as a u.s. deadline looms to reach a deal to renew the past. the u.s.-mexico traded do you meant sets -- trade agreement sets the stage for talks. endahe karen, good -- curren, good to have you with us. looking more likely today, certainly more so than one we saw the first he

canada. we have solved the first part of this equation. now we need to solve the second part. reporter: when it looked like canada was not going to negotiate with the u.s. several weeks ago, in fact, five or six weeks ago, the u.s. focused on mexico to try to get that part of the deal done. my sources have said they will take that joint mexican and american deal and present it to canada, see if they want to sign on or not. the president has said he's fine with bilateral deals. >> canadians really ought to look at what the u.s. and mexico just completed. as an example of what can be done if there's good faith negotiating and a willingness to compromise in the interest of both parties. reporter: the mexican delegation is sticking around this week to make sure there's a smooth transition to have canada join these talks. the mexican economy minister says this agreement can stand on its own but again, they would like to see canada come on board to revive and revisit that nafta agreement. back to you. >> great job getting that exclusive tv interview with the mexican economy minister. thank you. david: here

really is it invested in canada the canadian dollar went back up finally though this is the big one here when you look at the four billion dollars out of those four billion dollars in trade a big chunk of that is nine hundred armored vehicles that canada has sold to the saudi arabia is worth billions of dollars this contract was signed years ago but it's trickling through the years and were sold this to the saudi arabians there's controversy in this country these weapons these are weapons these are armored vehicles that are being used in saudi arabia and i'm sure in yemen as well there has been notice of that so what do we care really this is a regime that has supported terrorism for how long and they're telling us that they don't like us canadians well you know what too bad i don't think we're going to disappear because of saudi arabia party correspondent alex mahela bench that is a wealth of information thank you as always sir take care thank you and time now for a super quick break i promise when we get back boom bust very own daniel britto helps us consider that labor referendum vote in missouri y

and mexico, canada is looking at the agreement and hopefully we will find a way to have them included. will be interesting to see what the new name of the agreement will be. apparently nafta is no longer permitted. names matter. in terms of the details of the agreement, i haven't gone through the details or seen an analysis of the investment provisions, so i will have to hold off on responding to that until the experts who do understand these things better than i provide their analysis. >> my question is for jd. i'm wondering how concerned is the business community to u.s.-china compared to u.s.-canada, mexico, and europe trade disputes. >> i don't think you could rank the relative concerns of the business community. it will depend on part -- in part on what aspects of the trade relationships the business industry is exposed to. the business community is concerned about all three. the u.s., canada and mexico trade region is enormous and terribly important to the u.s. economy. obviously europe is important to the u.s. economy. what elevates china in one respect is that negotiations wit

prime minister justin trudeau wants the government to look into stopping the sales and buying back all handguns and assault style rifles. canadalooking at how gun restrictions in the uk and japan have changed crime statistics. much like here in the u.s., liberals in canada support new restrictions while conservatives want current laws upheld. >>> religious experts say the catholic church sex scandal could take down the leadership at the vatican including the pope or pennsylvania's attorney general claims of evidence that the church knew about widespread clergy abuse but failed to stop it . the charges come on the heels of a pennsylvania grand jury report claiming that 300 priests abused more than 1000 children for decades in that state. >> the facts and the evidence in this grand jury report clearly show that bishops and other church officials notified the vatican of these predator priests. what happened after that i don't know. >> the pope talked about the sex abuse scandal several hours ago during an address at st. peter's square. he says the meeting left a deep mark on him and he has often asked the lord for forgiveness reg

emerged when nafta was first announced of a revamped, it was only supposed to be tweaked with canada and it looks like the tables have turned and canada is on the back foot. this is still a three-way deal and there is a lot of debate over whether the -- whether trump has the authority to move ahead with this deal with mexico. there is still a lot of questions about whether the u.s. can move forward without canada. canada's opinion is that it cannot so i think it will use that as a leverage point. vonnie: if there is a deal and canada seems shortchanged because it was forced into it, what are the ramifications in terms of other things the u.s. and canada agreed on at whopper radon? -- cooperate on? >> trump said with canada it is this auto terrorist probe on national -- auto tar riff pro. trump dangled that as a threat. saying if canada does not agree to nafta there is this auto import probe and the possibility of tariffs. steel and aluminum tariffs have hit canada, a major seller of all of those things to the u.s.. that will be hanging over talks. it has had an impact on the relationship and sent

mexico is still looking to bring canada and the u.s., looking to bring canada back into negotiation. we expect that to happen tomorrow. mexican officials making clear if canberra and the u.s. cannot come to an agreement on their trade issues, that at least mexico has the promise of free trade with the u.s. through bilateral deal as a fallback to the trilateral, which is the ideal for mexico and the u.s.. >> as you have been all over washington today and reporting and talking to people, what are you hearing? does the u.s. feel it has won because it got canada to say we have come back to the table? what should we be looking for in the next few days? eric: certainly president trump looked at this as a victory. it was something where he had promised the american manufacturing workers he was going to do something about this conclusion in his administration. hundreds of thousands of jobs were lost in mexico over the years due to nafta. it will be interesting to see what happens when canada comes back to the table because ambassador lighthizer told me today that they are ready to friday abo

canada rejoins the deal with u.s. and mexico, has all the good news already been priced in? joseph: lookot more good news if the canadians do join nafta, but also potentially some good news on the canadian economic front via the bank of canada. we think they raise rates again next year. i guess the risk is they move sooner than that. this nafta uncertainty, i think , would hold the bank of canada back from hiking more. the cad could get some upsell there. another angle for the canadian dollar, oil prices. u.s. sanctions against iran, which kick in later this year, could push oil prices up as wl ell. the canadian dollar might have more upside in the near-term, certainly. yvonne: so, as kathleen mentioned, em's have had a hard year. the mexican peso is usually a proxy when it comes to whether you take more risk in em. are thety not out of the woods yet? we needin terms of em, to be cautious on select currencies. south africa has issues, so does turkey, argentina, and elsewhere. but overall i think em is in quite a good position, em currencies, particularly in asia. most of the em fx in asi

favorite favorite is we barley they're not allowing wheat and barley in from canada that all the numbers here quite big if you look one hundred thirty to two thousand tons of barley and sixty six thousand tons of wheat came from canada to saudi arabia last year but here's the funny part of it there's something called that canada we board and guess who has the controlling shares of the canada we board worth about two hundred fifty million dollars would be saudi arabian companies so once again i mean do you see that this is a little bit maybe absurd the way it's moving let's continue though because it doesn't end there of course there was also talk of sixteen thousand students being pulled out of canada these are saudi arabian students worth about four hundred million dollars to this country and then the removing of patients from hospitals that off the top you mentioned what the bank wants of the saudi regime also ordered its central bank to pull out what is that one hundred million a billion dollars is the foreign holdings that it has and in canada is just a fraction of that which is really not going to do much the

ramy: it looks like there is the will on all sides. mexico to one side and canada here. just recently spoke on camera and echo that optimism. let's take a look. >> i feel that both parties are coming to this stage of the negotiation with a lot of goodwill. certainly that is what canada is bringing to the table. we understand each other's position and what both sides need, very well. through the trade lens, what can the biggest woodblock the? there is like one of worst trade that is left. deal really mexico solved the car issue. that is good news. what is left is u.s. canada. the two big ones are dairy. trump wants confession on the dairy imports. court, canada says it is essential for them to get fair treatment. the u.s. wants to kill those courts. those are the big ones. if they can find a way around those, a lot would be easy to come to after that. it does not mean that they are out of the woods. it would have to be voted on in congress. trade deals are very complicated and toxic. yvonne: i read a headline that the mexico stab canada in back by getting a deal with the u

at we we talk about a thousand times canada in the states especially if you look at world wide the way their systems work but canada the states were pretty integrated so alcoa like the whole aluminum industry in the steel industries are integrated between canada and the states now a coal is a coal is a hundred thirty year old company and someone think you know they're going to benefit by the borders being closed down and alcoa feeding aluminum to the american people but that's kind of a tough one to how thorough i should say much of the aluminum that alcoa house in the states is actually imported from canada from its smelters rights all cocoa has three in quebec and that's a thirty three hundred people employed there working for alcoa and there's three in the states so that's what makes things really difficult for companies like alcoa when much of your aluminum is on the other side of the border and now you have to pay a ten percent tariff on it i'll call it saying that this could cost it one hundred million dollars in a year and that's a lot of money obviously a big problem for th

canada. we are looking to help our neighbors too. if we can help our neighbors that's a good thing, not a bad thing. so we are going to start that fle gauchuatio-- negotiation emy want to thank everybody. i want to thank you. what a great job you have all done it has been a long one but a lot of people thought it was not a doable transaction it will be great for our people and again, i want to thank you we'll see you at the signing and many times before that i'm sure. so congratulations to the people of mexico. great job. thank you very much everybody. >> that is the president there on speakerphone announcing the intention to drop the nafta name without canada which is part of nafta but challenging canada to join in, raising the threat of tariffs on their cars if they don't come to the table and join what is sort of a two-thirds agreement. >> he did mention he would be speaking probably later today and getting those conversations going. >>> zbli want to get your opinion. what is involved and what is the step forward in terms of how l

canada. they're looking to lower tensions with europe. and why they're doing that, i think what it means is that it frees up energy and focus to think about the really big challenge, which is trade with china. vonnie: canada compromises on dairy. the u.s. compromises on the panels. will that work for the canadian portion of things? tom: yeah, i think what we're seeing is, in a sense, kind of a success of donald trump negotiating strategy. you go in and threaten to break everything, even if that would impose costs on your own economy, and then there's a kind of scrap where you manage to extract some minor concessions. that's what we saw on the deal with mexico, where there was a slight increase in the requirement for local content of autos. that seems to be what we're seeing in the case of europe, where we now see the europeans willing to go to zero tariffs on autos. that seems to be what we're going to get on canada as well. so the threaten to destroy and everything then take what concessions you can strategy is working with allied, worki

ist we hhve always said speaking for canada, we are looking to stand up for our national interests and we are looking to ffnd, mize is that are a win-wii. liftnald trump will partly his import tariffs oo certain countries. ii brazzl, koreaa and argentina, as well as companies being aale to apply tooimportant metals if they can source suppliis from inside the united states. they can metall if source supplies fromminside united states. >> what is happening on the markets. >> despitt good talks, i would avoid americcn markets. here in france, we are keeping --eye on shares and it on shhres. >> we are tandiig nexttto apple the company buying a startup that specializes in making lenses forrvirtual reality glasses. usiin ai. interested in another company has more than 200 patents for technology in this area. >> and japan for clear drinks. phings that look like water but taste like something elle. coca-cola clear and evenna beer flavored alcohol free ddink, all free, all time. japanese worker telling the "wall street journal", says hat still at work. >> i am just back from japan, and i can co

correspondent alex mann hile that you joins us live from toronto canada alex welcome as always from a financial perspective what does this look like for canada and the saudis like i mean for the saudis this is an easy target they get offended by criticism really easily it seems and we're talking about four billion dollars worth of trade here between canada and the saudi arabians one point two billion of that is actually what canada exports to saudi arabia so boo hoo really for the canadian standpoint no really big deal when you're talking about the big picture but look what the saudis have done ok so we can break this down quite easily we start with the ambassador of canada being booted out of saudi arabia then they pulled their ambassador from here and then they just started to trickle down into other sectors saying no new foreign investment or investment in canada no trade with canada nothing new can happen with canada and then of course the newest is when this my favorite favorite is we barley they're not allowing wheat and barley in from canada that all the numbers here quite big if you look one hundred thirty to two thou

and the automatic expiration and both mexico and canada have insisted it remain trilateral despite u.s. preference for a bilateral deal. we are looking for signs of wing canada might come negotiate. vonnie: let's get to josh in ottawa. to a tweet, he spoke with justin trudeau about the state of nafta. mexico is hoping canada will join. what does canada need to agree to jamaica's happen? agreed to make this happen? needs to be that canada needs to remind everyone they are here. it cannot be nafta without all three countries. the big ones for candida are going to be the dispute panels. -- for canada are going to be the dispute panels. they are considered a dealbreaker. there has been little indication they will take any deal that includes killing those. gary is another big one. --dairy is another big one. what we are seeing is in the markets, reaction. it is a breakthrough but a lot of steps remain. there: michael mckee, were sticking points between the u.s. and mexico, not least cars. why wouldn't we be able to solve those problems with canada? >> they are not little problems. i suppose we could come up with a graphic saying the devil

market is shrinking as people have fewer children so he plans to end up in the united states or canada and look you're not going me as has a job waiting for him upon graduation as a u.k. company you know has many of the my parents are divorced the moment i realized there was a crisis was when i watch my mother counting out money to be eternity bills and i thought i have to finish school and find a job quickly so i can have my family i have two smaller siblings and they need a chance to grow up to you know more all three would prefer to stay in greece they just don't think this economy will produce the jobs they want nor do they believe greece is political elite can create that economy at least half a million young educated greeks have emigrated over the past decade in search of better jobs and that brain drain is likely to continue greece is forecast to grow by only about two percent a year for the next five years but over the same period it's obliged to spend at least three and a half percent of its economy per year repaying debt so its gains will be swallowed by its commitments the markets gr

market is shrinking as people have fewer children so he plans to end up in the united states or canada and look at me as has a job waiting for him upon graduation at a u.k. company you know has many my parents are divorced the moment i realized there was a crisis was when i watch my mother counting out money to pay to miti bills and i thought i have to finish school and find a job quickly so i can have my family i have two smaller siblings and they need a chance to grow up to. all three would prefer to stay in greece they just don't think this economy will produce the jobs they want nor do they believe greece's political elite can create that economy at least half a million young educated greeks have emigrated over the past decade in search of better jobs and that brain drain is likely to continue greece is forecast to grow. by only about two percent a year for the next five years but over the same period it's obliged to spend at least three and a half percent of its economy per year repaying debt so it's gains will be swallowed by its commitments the markets greece will now depend upon for its

market is shrinking as people have fewer children so he plans to end up in the united states or canada and look at me as has a job waiting for him upon graduation at a u.k. company you know has many of the my parents are divorced the moment i realized there was a crisis was when i watch my mother counting out money to pay to miti bills and i thought i have to finish school and find a job quickly so i can have my family i have two smaller siblings and they need a chance to grow up to. all three would prefer to stay in greece they just don't think this economy will produce the jobs they want nor do they believe greece's political elite can create that economy at least half a million young educated greeks have emigrated over the past decade in search of better jobs and that brain drain is likely to continue greece is forecast. to grow by only about two percent a year for the next five years but over the same period it's obliged to spend at least three and a half percent of its economy per year repaying debt so it's gains will be swallowed by its commitments the markets greece will now depend upon

canada. we are looking to help our neighbors, too, if we can help our neighbors it is a good ring. >> the u.s mexico, and canada do more in a trillion dollars of trade annually. all three countries are hoping to finalize a deal. >> let's get the latest from financial correspondence in new york. the news of an initial deal between the u.s. and mexico, what made it look like and what do investors make of it? >> what we know so far, especially in the car industry, more cars and car parts are not supposed to be many had -- manufactured in the u.s. this deal is supposed to get reviewed in six years -- every six years. other than not, we are short on details as the u.s. president said the new name is more elegant than nafta. those were the words from donald trump. for now, it is mostly a rebranding. it is actually some change and can -- change from nafta has so far to be seen. the market reacted positively. the s&p 500 was an all-time high and the dow jones industrial average across the 26,000 point mark for the first time since february. >> where does this leave canada? >> some people collect a bl

the white house once canada to endorse what president trump has described as the north american free trade agreement's replacement by the end of the week. trudeau said he looksing a trade deal as long as it is good for canada and for middle-class canadians. keepny may take steps to the economic crisis in turkey from destabilizing the region. according to the wall street journal, the german government is considering providing emergency aid to turkey that could range from coordinated european bailouts to project specific loans. turkey already has dismissed any talk of a bailout. france's high-profile environment minister announced his resignation live on national radio today thing the government has not done enough on green issues. nicholas's departure is a blow to the president emmanuel macron, who has tried to put france as a champion in defending the environment. he has campaigned for environmental issues for decades. lindsey graham has no closer friend in the united states senate than john mccain. ,tanding next to his empty seat he remember the john mccain the public did not know. the man who liked to give his friends playful greetings. >> he would consult

tonight, team coverage, a look inside the facility, plus we'll take you to canada for a look at the program its models after. also -- >> the misperception? >> yeah. >> that wine country's on fire and we're not. >>> napa and sonoma have been fire free this summer. but that's not what tourists think. we'll show you just how off business is right now. all coming up on abc 7 news at 6:00. >>> finally tonight, a local sheriff's department made a difference across the country. >> yeah, a young boy in virginia with a rare condition now truly has a reason to smile. >> the san mateo county sheriff learned of sam galey born with a condition where the skull is too small to fit the brain. when the sheriff learned he loved law enforcement, they sent a care package to his home in virginia. >> sam's parents posted this video of a giggling sam and a big thank you to the san mateo sheriff's office. world news tonight >>> tonight, several developing stories as we come on the air. the powerful images coming in tonight from arizona. the doors opening a short time ago to honor senator john mccain. cindy mccain

terrified cars is a much easier way to go but perhaps together would be much better for canada and we're looking to help you know we're looking to help our neighbors to that we can help our neighbors that's a good thing that. the u.s. mexico and canada do more than a trillion dollars in trade between them annually so all three countries are hoping to finalize a deal. well for more let's bring in our financial correspondent paul roads and germany's financial capital frankfurt paul still a lot of question marks on that deal what do investors think of the agreement. yes crossover while stocks in the us rally frankfurt more hesitant and cautious the dax slightly ticked up yesterday in late trading in the afternoon when the news came out but this morning is in more or less neutral territory and that's because of a lot a lot of things are still unclear of course donald trump can't just exclude canada from this agreement he would need congressional and congress and located on that and really looking at the deal there it isn't much more than a nafta two point zero with some adjustments to the automotive