u.s. and canada have worked together for many years seamlessly in providing ice forecasts forecasts to all of the users in those regions using u.s. assets, canadian assets and now bringing on the capernicous program from the europeans, european assets as well a.m. as well. so it's so seemless we do our forecasts the u.s. does it monday, wednesday, and friday. the canadians do it tuesday, thursday, and saturday, and no one knows the difference. it looks the same, we share the burden, and we have that cooperation on a regular basis. but the point is it's a day-to-day handoff and collaboration and joint operations in our national ice center for forecasts which is located down the road here in suitland, maryland. and accost sarset was mentioned, canada and u.s. was founding partners along that with france, and with russia. and i think one of our other speakers can address that but that's another clear example with whether the observations are made available to everybody and then we allocate resources to correct and address and manage issues when they occur and that's been a long-standing partn

u.s. mexico and canada appears to be a thing of the past while u.s. president donald trump stuck in a dish initial agreement with his mexican counterparts on cheese day canada is proving harder to sway talks between those two parties broke off on friday with no agreement and now remains to be seen where the trump sends the bilateral trade deal off to congress for approval or goes back to the negotiating table. donald trump's friday deadline for a deal came and went with no three way agreement ahead of the talks general just top trade envoy appears less optimistic about striking a deal with washington as has been the case from the very beginning candidate if the country gives kids at finding a win win compromise with having said that in trade negotiations in this negotiation will always stand up for the national interests and that is what we're going to continue to give we're looking for a good deal not just any deal and we will only agree to a deal that is a good deal for canada we're not there yet the u.s. and canada have been wrangling over several k

no political necessity to keep canada in the new nafta deal if we don't make a fair deal for the u.sades of abuse, canada will be out congress should not interfere with these negotiations or i will simply terminate nafta entirely and we will be far better off joining us now, former canadian prime minister kim campbell. prime minister campbell, thanks for joining us today. >> thank you. >> your reaction to that tweet >> well, except i don't think that he can do that. i think congress has everything to say about whether nafta is cancelled and what's in a new agreement. but, you know, i was -- the election that brought me to national politics is a referendum on the canada/u.s. free trade agreement so political rhetoric around trade agreements is something i'm very familiar with it's really a perfect storm of politics you have your midterm elections. and remember, 35 states for whom canada is the largest trading partner, they have got members of congress, they have got local state legislatures, governors all up for election so there's going to be a lot of political pressure to make that

those of you who do not follow canada/u.s. relations, canada is a small country intensely focused on the u.s. because of its high degree of trade with the u.s. and security dependency and its relative isolation from the world. the united states, which has always had a more global, far-reaching ambition in the world, the way they have learned to get along is by agreements that set of institutions that take the politics out of the management of the relationship. at the end of the 20th century, there was a boundary waters treaty that created an international joint commission that looks at management of the great lakes, water quality, acid rain, invasive species, and presidents don't need to worry about that at all. it is humming along below the surface. we have an air defense agreement, norad, set up in the early cold war to protect our shared airspace because we feared soviet bombers would come over and we did at the institution. when it is needed it is not necessary to go back to the president of the united states, as on 9/11, w

friday, canada's foreign minister spoke with reporters about the state of nafta's negotiations between the u.s., canada, and mexico. this was at the canadian and the see in washington, d.c. it's 20 minutes. >> ok, thank you all for coming. i'm glad to see you all not sweltering in the heat. i'll make a few remarks and then i'm happy to take questions. [speaking french] so, we're continuing to work very hard and we are making progress. we're not there yet. this is a very complex agreement and we are going to continue working at it. as we've said from the outset, our objective in these talks is to update and modernize nafta in a way that good for canadians, good for americans, and good for mexicans. win-win that a win- agreement is in reach, and that's what we're working towards. with flex ability on all sides, i know we can get there. but as i know canadians have heard me say, my job is to ensure that this agreement works for canadian workers, canadian families, and canadian business. the government of canada will not sign an agreement unless it's good for canada and good for canadians. and bef

u.s. demands more access to canada's dairy market which is a relatively small part of overall u.s. e but canada wants cultural exemptions for industries like dairy and canada wants a dispute resolution mechanism. the u.s. set an october 1 deadline to renegotiate nafta and trade experts point out many of these things that bother the trump administration or donald trump about the u.s./canada trade situation were resolved under tpp but the u.s. withdrew from that. >> christine romans, tpp looming large even if in the rear-view mirror. thanks so much. >>> we are following a ton of news so let's get to it. >> it seems like change is on the way. >> the blue wave took out a very blue member of congress. >> women and minorities are coming out in huge numbers this primary season. >> people in the white house recognize the risk of this president and they're trying to protect this country. >> this book is not so much fake news as it's old news. >> bob woodward has the juice, he's got the facts. >> he's got a problem with jeff sessions, just fire him. >> the president has an operating style tha

u.s. and canada. officials from the u.s. air force space command and royal canadian air force space command discussed how the two countries can work together on military and security operations in space. the wilson center organized the conference. >>> okay. well, thank you so much. i'm really excited to see this audience just kind of got filled all of a sudden by a bunch of military people, so that's very cool. so i have the honor to introduce our two guests today, our two panelists. so i'm going to start with brigadier general kevin wale. he's the director general and component commander for space for the canadian defense ministry. he brings with him a really diverse military background that starts in 1986. and over the years, he's flown a bunch of rotor craft, including the kiowa, the twin huey, the apache. he's had a number of staff positions, such as training in headquarters, he's done a ton of work in engaging with allies in exchange for the u.s. army that landed him at ft. hood, texas, and integrating special aviat n a

canada and u.s. have leadership positions and many of these new countries are looking to us to support and lessons learned. privileged positions we both have experienced these three nations allow us to shape the future of international space station's and continuous international collaboration as a centerpiece for success. governments are not the only major players anymore. 80% of global space revenues are generated by the private sector. the cost of launches falling at an increasing ability to use off the shelf technologies is rapidly changing space business models in shaping private sector enterprises. commercial space is pushing the limit, making space more accessible for emerging opportunities, new applications, innovations and entrepreneurship. in canada, the space manufacturing industry is eight times more r&d intensive than the average manufacturing sector. that is quite an achievement. following the large investments of the telecommunication industry we are now seeing rapid growth in new inve

u.s. and mexico say canada can be part of a deal to replace nafta many members of the u.s. congress some of them from donald trump's republican party agree but a protectionist trump administration has so far been demanding far more than canada's negotiators have been prepared to give daniel lak al-jazeera toronto well robert scott is an economist and director of the independent think tank the economic policy institute says it's in both the u.s. and canada is interest to revamp. trumps preference to. negotiate as the ball in a china shop as it were to attempt to bully history being partners and in this case you know he had he does have leverage the us is a much bigger economy trade and much more important to canada is to the united states well one of the key issues is the issue of question of labor and rights and environmental standards after labor unions feel that one of the reasons that nafta has been so hard on the workers in the us and canada is because labor rights are so weak and so poorly enforced in mexico the original agreement to cut the labor standards side it into

placearting point was a where canada and the u.s. were quite far apart in their proposal. but what we found is the negotiation went on, canada and united states shared a concern for our workers in the car sector who are high wage workers who can be disadvantaged by trade agreements. one of the things we are accomplishing in this agreement is a better deal for canadian and u.s. workers in the auto sector. that is important. canada and united states working together, and mexico showing flexibility. >> cnbc. you mentioned the auto sector. how difficult is the pharmaceutical sector and the provisions that would cut canadian drug prices to rise? >> again, we will not negotiate in public. when it comes to the canadian position on issues, i think our position is clear and well-known. >> how can you negotiate with a guy like donald trump who says he will not give any ground. that is not a negotiation. >> my negotiation counterparty is the ambassador and, as i said, he has brought good faith and goodwill to the table. as i also said, it will take flexibility on all sides to get to a

whitey had canada and mexico isn't that the u.s.? i am confused. lady froming the canada and the gentleman from mexico. where is the u.s. and all of this? catherine, we will let the viewers talk about their perspective. if you could review and will talk more about it. guest: thanks for the interest about the wilson center. not just because i work there but i believe the center is a national treasure. it was founded by congress in 1968 and dedicated to trying to explain the world to washington and washington to the world. even though you live away from washington, the great thing is we webcast most of our events you can choose him over the internet and watch what is going on. of our publications produced are available online for free. we have a number of events so what washington journal where you can call in and ask questions. our mission is to try to help the american public understand what is happening in the world, understand u.s. relations with the world because we believe that greater understanding we have a better chance of getting positive wi

u.s. and canada, the u.s. ushing for more access to canada's gary market -- dairy market and the canadians are pushing back against the u.s. idea of this -- graphing resolution panels -- scrapping resolution panels geared new to the discussion is that canada wants to preserve its cultural industry, they want to prevent u.s. television programs and movies from infiltrating local markets. that is a new one and seems like a political issue for canada or they want to preserve their identity. vonnie: given that we are past the original deadline, does it seems like attitudes are hardening? it does not feel like we are breaking down barriers. it seems like we are going the other direction. minister always puts a positive face on the discussions. apart from that, we are not seeing any progress on main sticking points i mentioned. discussions are ongoing geared they say their positive. -- discussions are ongoing and they say their positive. if canada wants to join the deal with mexico, they have the -- to the end of thi

so it's outside of the dairy sector for canada. u.s. producers also have an oversupply, that is a problem that the u.s. has to address. so it's messy and complicated. at the end of the day, they can come to some sort of an agreement. i don't think it's beyond logic that they can do this. canada did it with the europeans in which they gave them more access. so there is room to maneuver. what that final compromise is, that's the big question. what's the final number they decide to. the other big issue is chapter 19. i think there's a big mythology around chapter 19 in canada. when you look back to the original negotiations with the canada/u.s. free-trade agreement, it's fascinating. it's fascinating how excited canada was to get this out of the united states. they finally got them! and i think there's a feeling that we just need to keep it no matter what. and this is something that we need to get because canada won this against the united states, and they caved to us for once. so we need to keep it within this agreement. so there's that. a

so it's outside of the dairy sector for canada. u.s. producers also have an oversupply, that is a problem that the u.s. has to address. so it's messy and complicated. at the end of the day, they can come to some sort of an agreement. i don't think it's beyond logic that they can do this. canada did it with the europeans in which they gave them more access. so there is room to maneuver. what that final compromise is, that's the big question. what's the final number they decide to. the other big issue is chapter 19. i think there's a big mythology around chapter 19 in canada. when you look back to the original negotiations with the canada/u.s. free-trade agreement, it's fascinating. it's fascinating how excited canada was to get this out of the united states. they finally got them! and i think there's a feeling that we just need to keep it no matter what. and this is something that we need to get because canada won this against the united states, and they caved to us for once. so we need to keep it within this agreement. so there's that. a

u.s. and canada remains elusive. aretha franklin has been laid to rest in her hometown detroit the queen of souls funeral service featured big names from the music world and the american civil rights movement and included a unity from former u.s. president bill clinton the hour was an invitation and service caps off a week of events that include a tribute concert sound the opportunity the funds to view the music legends can call it. a rousing start to a final farewell. from celebrities like whoopi goldberg to former u.s. president bill clinton. from family to friends. a wreath a franklins funeral a celebration of every part of the star's incredible life. ariana grande a performing a cover of one of franklin's biggest hits. motown singer smokey robinson dedicating a song to his childhood friend. and there were touching tribute from a wreath as own family. no monomers. thank you for loving me. thank you for believing me. former u.s. president bill clinton also paid his respects. but there was no getting away from the p

u.s. and mexico say canada can be part of a deal to replace nafta many members of the u.s. congress some of them from donald trump's republican party agree but a protectionist trump administration has so far been demanding far more than canada's negotiators have been prepared to give daniel lak al-jazeera toronto russia has accused ukraine of assassinating prominent separatist leader alexander in eastern ukraine the russian backed leader rebels in donetsk was killed in a blast in a cafe in the city center really chalons reports from moscow. this is the aftermath of the blast that killed at xander as a car chink or a blackened body can be seen lying on a stretcher outside the cafe don't yet squints into lockdown after the killing with moscow and the russian backed breakaway republic itself calling this an act of international terrorism the last pictures of her life were from thursday laying flowers for the donbass born singer of cubs one who died earlier in the day so how much inca had been the prime minister of done yet since november two thousand and fourteen he was shuffle

canada. usually the u.s. president goes up to canada early. the president went up in june for the g7 meeting which is quite unusual, the delay, and that turned out to be a turning point where the trudeau government was trying to show canadians that they were not completely selling out to the americans. they were being firm and friendly but try not to be poodles, or whatever the metaphor for being a u.s. patsy is, and in that moment as they started just saying we have some differences and some deals would not be acceptable to us and we have to stand up for ourselves. the president left the summit and accuse justin trudeau of being online backstab or an trader and so forth. not only that, his minions thinking out. if you can call the minions, i don't, but presidential advisers who is blue, and also take cheap shots at justin trudeau. we were talking on the previous panel about electoral politics and canadian electoral politics matter in that justin trudeau was elected in 2015. the canadians adopted recently a fixed election dates systems of alth

u.s. exports of agriculture to canada are up 1000% under the free trade agreement. and there he has been leading the way. u.s. exports to canada of dairy shipments toes are them. to try and make a huge deal of the unfairness of this trade relationship is just foolishness and the people at the table know this very well. the question is whether the president can sell it to his constituency. shery: what about the antidumping panels? >> that's a minimum. we have to have something like that because we have a long record of i'm sorry to say the u.s. since the jurisdiction was transferred to the commerce department, the u.s. repeatedly misapplying their own laws. including panels composed of a majority of americans have repeatedly found that to be the case. so that's a necessary discipline but that's only the start. believe needs much more. for one thing we need a settlement of the lumber dispute which has been going on much too long and has become really very destructive. and the elephant in the room is of this bizarre move to slap oniffs on major trade items a whim under

. >> canada cannot be seen catering to u.s. demands. >> can always make the trade deal stronger. >> president trump has plenty to say in an exclusive interview with bloomberg news. president trump: the european union is almost as bad as china, just smaller. >> tesla's plans to go private takes a u-turn. toyota makes a big bet on uber. >> it is saying uber is worth more than tesla and these big tech companies. >> in switzerland, leaders in finance speak on the news of the week. >> some countries in the past used currency manipulation to be more competitive. >> plus, if you are seeking insight, who better to listen to than warren buffett? >> we keep buying as long as we find something attractive to us. an attractive business at a reasonable price. >> it is all ahead on "bloomberg best." ♪ >> hello and welcome. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. the week began with nafta negotiations as the u.s. and mexico laid the g

canada. usually the u.s. president goes to canada fairly early. in president went to canada june for the g-7 meeting. -- quitekind unusual an usual, the delay. that turned out to be a turning point. wastrudeau government trying to show canadians they were not completely selling out to the americans. being firm and friendly, but they were not trying to be a u.s. patsy, and in that moment, well, we have some differences and some deals would not be acceptable to us and we have to stand up for ourselves, the president left the summit and accused justin trudeau of being a lying backstab or, traitor and all then his minions came out -- i don't know if you call the minions, but presidential advisers who came out and took cheap shots at justin trudeau. we were talking about electoral politics on the previous panel. canadian elect for politics matter, too. justin trudeau was elected in 2015. canadians adopt it recently a fixed election system. all things being able, october 20 1, 2019. the problem now is the prime minister, knowing he has an election next

canada. it could happen. the u.s. it is running out of time. >> i think that canada would like to be in the agreement. i think the u.s. would like them to be in the agreement. there's still a fair amount of distance between us. there are large issues. i think canada wants to do it. i know we want to do it. we'll see if it happens. we're sort of running out of time. >> this is a rare public comment from u.s. trade representative robert lightheiser noting distance between the u.s. and canada on key issues like how to settle trade disputes and u.s. access to canada's dairy market. the white house is pushing canada to agree to a framework set between the u.s. and mexico by september 30th. that deadline allows the current mexican president to sign that deal while he's still in office. canadian prime minister justin trudeau does not want to accept the u.s.-mexico deal as is. >> my focus throughout has been simply not escalating. not opining, not weighing in. my job is very simple -- it's to defend canada's interests. >> if

if i use canada as an example, in canada everything that flies is owned by the u.s.i've flown with the u.s. army. they own their own aviation. in canada by experience as part of the air force. that makes sense in the canadian context. however each of our countries choose to organize space capabilities, right now it's been given to the air force, that won't change the level of collaboration and how we cooperate. that's a national decision and we'll collaborate with however the u.s. decides to organize. >> yeah. and not going into the details of what a space force might look like and how we're going to get there, but you're right, congress will be in the driver's seat in terms of what it decides to authorize. i think it's critical in the planning of that, that we keep in mind the challenges -- the challenge of our allies on that. the united states government is very large, the executive branch is very diverse, and it's often very complicated for our partners to be able to understand what are the right touch points. as a matter of fact, i sometimes learn about my own go

this is not the first canada-u.s. ice hockey romance.ormer captain julie choo and kerley and wellness have had a baby together. genie: nice to know they find a way to get along. thank you for that with that look at the press. you can get a closer look at the press review on our website at france 24.com. childhood dream for french fashion designer john paul joe ta -- john paul gauthier becomes true. stay tuned. cñcñcñcócócócócócócócócócócócócw - hey, i'm darius rucker. coming up onreel south. miguel is aa dedicated fafamily man. he works hard, goes to church, serves his community. but as an undocumented immigrant, an unexpected traffic stop lands him in deportation proceedings. [indistinct chatter] after over a decade living in the us,, he faces an agonizing decision. gogo back to mexico, or become a fugitive in his adoptive homeland. next on "120 days" onreel south. - [female nanarrator] support for this program is provided by south arts, sponsors of the southern circuit tour of independent filmmakers, with funding from the national endo

optimistic about having very good productive conversations this week. >> canada cannot be seen to the ca -- to be caving to u.sdemands. there is a sense they are being bullied into this agreement, and they don't like the tension between trump and trudeau. i do think in order to get a political win, canada will need some concession from the u.s. what can they take back to canadians that is worth giving up on their side? >> president trump wants to impose additional tariffs on $200 billion worth of chinese imports as to busines -- as soon as next week. why next week maybe the d-day for these tariffs. >> we have been talking about this all summer. president trump has made it no secret he wants to put pressure on beijing. the big deadline next week is expiring of a public comment period on this list of 6000 products worth some $200 billion he would like to slap a 25% tariff on. that is the trigger point. word is he does not want to wait around. >> today the president of the united states conducted a wide-ranging oval office interview with bloomberg news. among the topics discussed, and capital gains tax break, the

arthel.>> our starting point waa place where canada and the u.s. apart in their proposal but what we found is negotiation on is canada and the united states shared a concern for our workers in the car sector. >> reporter: the u.s. and canada missed the deadline for a deal on friday. as you just heard from canada's trade representative, she did seem to suggest that the u.s. trade representative and their team were working in good faith despite leaked comments that came from president trump where canadian and u.s. officials reportedly -- canadian officials reportedly confronted u.s. officials at a high level meeting on friday. some sticking points for canada in regards to the nafta negotiations have to do with concerns regarding requirements that could impact drug prices, sticking points that still remain for the u.s. which we've heard quite a lot our self from president trump are those dairy tariffs, the president has made clear he doesn't like canada's dairy tariffs. that's something they want to rework. the negotiations are set to restart this week

canada needs to be apart of any new agreement. let's look at why the u.s. tionship is so important. canada has become america's second largest trading partner after china. almost 80% of canadian percentage david wi merchandise that is exported and going to the united states and nafta. the u.s./canada traded more than $673 million in both goods and services. the u.s. unlike what the president said routinely, the u.s. has a trade surplus of canada of more than $8 billion a year. that's hardly abusive. since nafta took e if hffect, es of u.s. goods to canada are up to 100%. exports to service to canada are up 243%. in addition, nearly 2 million jobs in canada are tied to canadian exports and nearly to the u.s. and nearly 9 million american jobs depend on trade and investment with canada. putting this all in a wider positiv perspective. canada is the top international nation of export frs 36 u.s. states. if these negotiations are unsuccessful for the president pulls the plug on nafta, the impact will be felt on both sides of the border. a former deputy assistant

u.s. and mexico say canada can be part of a deal to replace nafta many members of the u.s. congress some of them from donald trump's republican party agree but a protectionist trump administration has so far been demanding far more than canada's negotiators have been prepared to give daniel lak al-jazeera toronto. robert scott is an economist and director at the independent think tank the economic policy institute in washington d.c. he joins us now via skype from maryland good to have you with us so they missed the deadline although the talks are not yet dead the resuming on wednesday can a deal be done i certainly think a deal can be done and it's in the interest of both countries to revise nafta and to upgrade it to bring it up to date has been in force for twenty five years now and it's it needs to be reformed all right so there's no danger of nafta vanishing one of the some of that but the key sticking points at the moment. well one of the key issues is you should the question of labor and rights and environmental standards. labor unions feel that one of the reasons that

and if the americans change or break the rules that exist canada usually wins those disputes under nafta dispute resolution panels that the u.s. wants abolished canada says those are red lines they won't cross them but the new negotiations will be even more intense than the ones that have just passed we'll have to see if anyone gives any ground. russia has accused ukraine of assassinating prominent separatist leader alexander and co in eastern ukraine the russian backed leader rebels in don the ex was killed in a blast of the cafe in the city center rory chalons reports from moscow. this is the aftermath of the blast that killed alexander as a car chink or a blackened body can be seen lying on a structure outside the cafe donetsk went into lockdown after the killing with moscow and the russian backed breakaway republic itself calling this an act of international terrorism the last pictures of her alive were from thursday laying flowers for the donbass born singer years of cubs one who died earlier in the day so hard have been the prime minister of done yet since november two thousand and fourteen he was shuffled into the posi

canada is going to need to point gone that. they haven't resolved that. there is also issues to work out. the u.s. wants a deal with canada but said it might go without canada. the u.s. congress said that is not an option for them and many business leaders say that's a nonstarter, a bilateral agreement with just the u.s. and mexico rather than canada. there is pressure on both sides to get something done. there's a couple major sticking points. david: we are talking about japan now. what do we know about that? jodi: japan was in the tpp deal, which president trump ended, pulled the u.s. out of it right after he took office. and there's been a lot of talk about what would happen with japan in terms of of trade. japan has talked to europe. they are making other arrangements. but now there may be talk of formal talks with japan going on. we'll have to see. the trump administration seems to be moving on multiple fronts. sometimes this stuff start and of mechanism. david: there's also domestic politics here. if you follow him on twitter, he's been busy trying to deal with the fallout of the new york tim

i am sure there are other problems and team canada and the u.s. right now. for example, the 10 the eye of a term for biologically be very expensive for a health care system and problematic for generic producers. secondly, the 75 year term for copyrights, canada has always , in other agreements not only with the u.s. but also with the european union. i think these will be too important sticking points. no deal this week is what bloomberg is hearing. do you think they get a deal in the near future? no, i'm not feeling optimistic and i wish i was. time tothink this is a be putting automotive workers against dairy farmers. but the politicians have to realize -- when i say politicians, i mean from all three countries -- that they are playing with people's livelihood. they have to do some unpopular things. joy, deborah, thank you both for being with us. coming up next, we share leadership lessons from the godfather of silicon valley, alphabet chair john hennessy. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn. amanda: i'm amanda lang. as the c

canada and the partnerships. brian stein he was applying for a job at the embassy, all the knowledge that he had on the u.s.canada partnerships over the last 50 years, but i want to see more of this with the commercial sector. companies like christian working together. i'll leave it at that and leave time for questions. thank you all for coming and thank you to the wilson institute. [ applause ] >> hello, everyone. thank you. i am matt, i've been the ceo of oridium for 12 years. i feel like i have to start the discussion, with that, yes, we're that company many years ago. different times and it's been exciting and i'm going around and getting lots of high fives from people and appreciate that for how we're doing today. i think we hit a new high stock price today and we're performing extremely well as a company. we just finished our seventh out of eight launches. our final launch is in a month or two and we'll complete a $3 billion satellite upgrade from that system you somewhat remember. we're quite successful but in a way i think like that maybe that actress who toiled many years and suddenly gets an os co

u.s. and canada, trade talks uncertain, and looking at the u.s. china, tensions coming up, tariffs, how are you looking ahead in terms of optimism, pessimism and positioning in the market? chris: it is business as usual. there will probably be an extension this week. equities will continue to find buyers fairly active. you will see companies, the biggest themselves. the s&p, it can maintain 2900 and credit spreads, it will give backbone to the equity markets and continue to appreciate. in the rates market we are getting to a state with the fixed income market where we may's the seasonal backup and yield -- in yields. last week, we will see that continue. you are getting fairly messing -- messy trends, but with the aussie and qe, you can see currencies. you can see the currency staying above. you: i have a chart to show as well as viewers, 2901 is where we ended friday. looking ahead, analyst targets have been climbing. looking at the next four quarters ahead, they say it could be 3158. last week we were talking about 3000 by the end of this year.

u.s. and mexico say canada can be part of a deal to replace nafta many members of the u.s. congress some of them from donald trump's republican party agree but a protectionist trump administration has so far been demanding far more than canada's negotiators have been prepared to give daniel lak al-jazeera toronto. for the first time in twenty years leftist politicians are in control of mexico's congress with almost as many women as men john holdren reports from mexico city and what's behind the changed political landscape. going to see it's a historic new mexican congress for the first time since democracy the left has a clear majority. for your own party morena and its allies swept the board giving populist president elect and his money well lopez obrador a legislative power not seen in twenty years it's used that to promise a new austerity plan that would have the salaries of lawmakers and dramatically cut their perks bodyguards teams of consultants and international travel. they say something that a public tired of rich out of touch politicians needed to see where there c

u.s., but overall, it is an acceptable deal. the main concern is without it being a three-way agreement that includes canada, from a u.s. ss perspective, it is problematic. we need the entire north american economy covered. we now have an integrated global that we neededem to compete with europe and asia. hopefully they can get canada on board. there are still some sticking points. the prime minister justin trudeau saying that no deal is better than a bad deal. is it worth getting up the whole deal for canada given how much nafta has benefited the country? rufus: i think the canadians will have trouble walking away from a deal. the deal has too many poison pills in it for the canadians. they will delay agreeing to it and continue to negotiate, but it is not clear what happens if canada and the u.s. are deadlocked. , andess is making it clear this is a position we support in the business community, that's canada has to be on board. i think the president would have a difficult time trying to propose a purely u.s. and mexico deal to the congress and get them to accept it and at the same time have free trade between u.s. and

given the current trade fights we are having, debates between china and the u.s., canada and the u.s., has that been a factor for you? >> as a global company we believe in global trade. it benefits consumers in general in specific regions and countries. it's interesting because we establish our supply chain as north america as a u.s.-based supply chain. and also exported to canada and mexico. so that's a lot of my products go abroad from the united states, being manufactured here where you have over 40 factories nationwide in the country. so it's a problem with tariffs. maria: you are worried about retaliatory tariffs. >> yes. the uncertainty is as big of a problem as tariffs. any time you are planning a factory, supply chain structure and transportation capacity, we need the ability to say what's going to happen in five, ten, 15 years. to really in canada, the united states and mexico. so we hope the trade talks can come to an end and come to an agreement that can allow us to invest for growth bar where where does the growth come from? >> we establish our rules under four. we grow in

u.s. and canada are nearing a deal on after. old a trilateral a court thebe published at midnight u.s. and mexico reached an agreement in august putting pressure on canada to reach a agreement. accord has been held back to see if the u.s. and canada can agree. the wto, imf, and world bank have issued a call to form a growth -- a global trading's issue. the urgent challenges to harness the wto's strength and accelerate the chick -- the pace of change. president trump has criticize globalism and questioned america's sophistication and multilateral agreements. china's manufacturing system weekend last month. the official pmi came in at 50.8 compared to its 51.3 in august. 50.survey slumped exactly its lowest since may of last year. the official services pmi rose, signaling domestic demand remains. the conservative party goes into its annual conference and plans to raise property taxes for foreign buyers. the government says it may company individual and is not paying tax and the u.k. the sunday telegraph says the rates could be as h

u.s. and canada can bridge.rvative party goes into his annual conference with plans to raise property taxes for foreign buyers. the government says they may -- the sunday telegraph says the rate could be as high as 3%. the bank of england governor said last month brexit could see house prices plummet by more than a third. saudi arabia is using oil prices to -- it will leave almost $300 billion in 2019, more than the government projected. rates to unemployment its highest in more than a decade. global news 24 hours a day on air and on tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm rosalind chin. this is bloomberg. haidi: let's get the sophie kamaruddin in hong kong. we are heading into the final stretch of 2018 after asian stocks have capped three straight quarters of the client. -- of decline. it has been a bumpy quarter for asian stocks, in stark contrast he was equities which posted the best quarter in five years. stocks, they hit an august 2017 low in ea

the bigger producers, like canada, eu, have not been exempt. the u.s.arket will still be in a deficit situation. alix: if you look at the fundamentals of aluminum, what's interesting is demand relative to supply has been falling, you would think it would be a different story with aluminum being one of the outperformers. >> we take that with a grain of salt. the way i look at aluminum is we established the range for the year in april. we retested the lower end of the range. so it is probably just rotating up to the upper range. why did it get down there? because of trade issues. it looks like we are having some alleviation. alix: if you broaden this out to industrial metals, we have a chart that shows the industrial gas down that we have seen, and we are testing some support levels we haven't seen since lehman. is that an oversold signal? >> the key thing i see is that gap is selling extreme. the last time we had a similar gap was when lehman collapsed. that month between september and october 2008. and here we are. we have gapped again. we are at the sa