what, many of our audience members are not canadian, can you tell us why canadian defense policy should be important to, to the united states and maybe some of the new things that came into your thinking in designing this new policy from 10 years ago? >> well our defense policy, one that, when the prime minister mandated me to conduct a defense policy review he wanted to make sure that the canadian armed forces, they were well-resourced, canadian armed forces were well-looked after. only way to do it conduct a very thorough defense policy review. we have done that we did it in one year because we wanted to get action as quickly as possible. more importantly we consulted our closest allies. obviously the u.s. had significant input into our defense policy. interoperability between our forces is extremely important. we conduct operations overseas. as much as when we're, for us to be strong in canada, for canadians we have to be secure in north america and we have taken that into account, making sure that the canadian armed forces and our people are well-resourced and we looked out 20 years

deputy commander will be canadian. as general robinson, talking to her, she is very proud of the fact shoe has two bosses. chain of command moves up from the secretary of defense. for us it goes to the chief of defense and the prime minister. it is a relationship that works extremely well and so besides all the great work they do, we can never forget as my daughter reminds me of santa tracker as well. >> i didn't want to mention that. that i didn't want to be unsophisticated. >> i have a daughter and five-year-old son so i have to. >> great. speaking of which we have an arctic program here. our director and i were talking about some of the arctic issues. aside from santa claus is the norad sufficient to keep up with rising challenges in the arctic? >> no, we need to do more. there is significant focus in the defense policy about the arctic. not just modernizing equipment, but making sure we start conversation from defense perspective but we in canada need to look at whole of government perspective as well. where does t

since many audience members are not canadian, can you tell us why canadian defense policy should be important to the united states and maybe some of the new things that came into your thinking and designing this new policy? policy,an: our defense when the prime minister mandated a defense policy review, he wanted to make sure that canadian ground forces were well and looked after. the only way to do it is to conduct a thorough defense policy review. ,e did it within one year because we wanted to get actions quickly as possible. consultant our closest allies. input.ve significant operations overseas. canada,o be strong in we have to be secure in north america. we take that into account, making sure that the canadian ground forces and people are well resourced. we took the advice from our allies to get the costing down properly. we had multiple companies review it to make sure we had the number. approved, the funding has been approved by the cabinet. sustainable and predictable funding for the military for 20 years. piece -- there are two things we did not include, because we need more study an

what -- since many of our audience members are not canadian, can you tell us why canadian defense policy should be important to the united states and maybe some of the new things that came into your thinking in designing this new policy from ten years ago? >> well, our defense policy, one that when the prime minister mandated me to conduct a defense policy review he wanted to make sure that the canadian armed forces were rell well resourced the members were well looked after and the only way to do it is conduct a very thorough defense policy review. we did that within one year because we wanted to get actioned as quickly as possible but more importantly we also cob subtled our closest allies and obviously u.s. had a significant input into our defense policy. the interoperability between our two is very important. we conduct operations overseas. for us to be strong in canada for canadians we have to be secure with worth in america and we've taken that into account making sure canadian armed forces and their people are well resourced and we looked up 20 years. but more importantly we took

and canadians know that that path works.ve on how many people we can bring in is related not to some arbitrary number, but how well can we support the newcomers and integrate them effectively and quickly? and if we do a good job of making sure that there is a path to success for people who come here, then public support will continue for immigration. john: what is different about canada? when you look at america, when you look at britain, they were both, at least statistically, fantastic examples of immigrant success stories, and yet they both elected or supported people who have been less pro-immigrant, if i can put it that way. p.m. trudeau: it comes down to identity and values. canada is a country that has always accepted, from the very beginning, english versus french, that someone different from you was just as much and just as legitimately canadian as you were. so, we've managed to make of this pluralism, the core of our national identity, and that we share values of openness, compassion, willingness to work hard, qual

embassy as a canadian adviser. i was proud with the economic -- tremendous contribution in afghanistan. i was pleased to be a canadian, to be recked as part of a country that has been such a great ally. but i also recognize in that conflict and others there's been a tremendous personal cost for canadian individuals. can you talk a little bit about your commitment and your government's commitment to the health of canadian service personnel, current and retired? >> i think this is a responsibility of every nation to look after its members who are currently serving and those who are served. one thing i can assure you our policy is focused on its people. because we talk about our capabilities, how many planes you're going to buy where you're going to invest and innovation, but our number one capability to the people. i've had the privilege to work with canadian groups and operations but also with u.s. troops as well. and when they're appropriate re-sourced and have the properly capabilities to carry it out they'll do w

i asked him what canadian businesses thought of this initiative. asked him what canadian businesses thoughtthis initiativelj asked him what canadian businesses thought of this initiative. i think canadians another international business people are excited about the expansion of infrastructure. however we always like to see the devil in the detail and howard is executed over time. if we see the devil and the detail, how do you think this will benefit the canadian business? from a basic point of view, the expansion of infrastructure, it will definitely increase trade between second—tier markets in china and second—tier markets in china and second—tier markets in china and second—tier markets in canada. likewise, around the world. however, i think the issue remains what is going back and forth between the two countries. is that trade balance? what are you expecting and what are you looking forward to in this one belt one road summit taking place in beijing?” think what comes out will be interesting. much of it will be details that a prearranged in that, we all know that infrastructure is going

so the canadian troops started coming over. they talked to everybody. that's the canadian way. became my husband was a very nice looking guy. i was 18 or 19 years old when i met him. it was a case of being young, being in love. he asked me to marry him. i asked my mother. she seemed to think it was a good idea. more wives and kiddies of canadian servicemen are off to their land of opportunity across the sea. it was a one—way trip! we didn't know these men very well when we agreed to marry them. on arrival at the port, everyone is safely stored aboard the ship which will take them on their long journey. we sailed over — it took ten days to sail over. we wondered what it was going to be like, of course. canada is proud of our 18,000 adopted daughters, willing to learn about canadian life through classes. we did not know thing except that canada was vast. we did not know a thing except that canada was vast. all we could see was snow. when i first came to this house, there was no running water, there was no electricity, there was no bathroom. we didn't have a lot of money. ken had

canadian banks.berg. ♪ julia: i am julia chatterley. time for the "business flash," the biggest business stories in the news right now that the dow chemical ceo will delay his retirement to oversee the historic merger with dupont. he will stay on board until july 1, 2018, and serve as chairman of the new company. the merger combines the u.s.'s . largest chemical makers the deal is expected to close in august. wells fargo is doubling cost-cutting from $2 billion to $4 billion. the deadline is extended from the end of this year to the end of 2019. the ceo has pledged to rebuild shareholder and customer trust. an investigation costs the firm $445 million in fines. will offerindows 10 a friend earlier upgrade than before. the new software will allow you to sync different devices including iphones and androids. microsoft says it understands many mobile gadgets do not run windows. customers can access the future through microsoft account. that is your "business flash" update. joe: what'd you miss? moody's

that i was at the canadian embassy last night. had a friendly conversation with our canadian ambassador and we sort of discussed the same things in a way that how do we get along better? how do we utilize those things that make sense for all of us. so it's been a great start. i am delighted to be here. max kind of gave you my brief bio. max, i sort of feel like my life history brought me to this point. grew up on a dairy farm. having graduated from veterinary school at the university of georgia, a little air force experience and inni agribusines since 1976 and the home there in the grain trade. had a little sabbatical being governor of georgia. got a little bit of experience that way. it's a culmination and many of my friends say why do you want do this at your stage of life? i believe when you're tapped on the shoulder from a service standpoint, i'm the kind of guy that says -- salutes and says put me in coach. we're here to make agriculture really benefit all across our nation not only from our producers, agriculturists, timber

i was at the canadian embassy last night and had a friendly conversation with our canadian ambassador and we sort of discussed the same things in a way that how do we get along better and how do we utilize those things that make sense for all of us? >> it's been a great start. i am delighted to be here and max gave me a brief bio. i feel like my life's history has brought me to this point. obviously, growing up on a diversified farm, a dairy farm, as well, and having graduated from veterinary school and the university of georgia, and a little air force experience and being in agrobusiness since 1976 in our home there and really in the grain trade and so had little -- had a little sabbatical for eight years as governor of georgia so i got a little experience in that way and it's a culmination and many of my friends said why do you want to do this at this stage of life? i i believe when you're tapped on the shoulder and from a service standpoint, i'm the kind of guy that salutes and says put me in so so i'm here to making a company you are benefit across our nation not only from our tim

president trump slapping are tariffs on canadian lumber. and we'll take it up with the and we'll take it up with the departrtrtrtrt and we'll take it up with the departrtrtrtrt i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. >>

president trump slapping are tariffs on canadian lumber. and we'll take it up with the departrtrtrtrt if you often suffer from a dry mouth, over time it can lead to cavities and bad breath. that's why there is biotene, the # 1 dry mouth brand recommended by dentists. biotene. for people who suffer from a dry mouth. ♪ bburning of diabetic nerve pain these feet... jumped into city life as a kid... ...and kept my town moving. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and he prescribed lyrica. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs, and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who ha

the canadian trade minister has been visiting this region. and japan but he says nafta is still an important trade pact. it's a lwa ys still an important trade pact. it's always good to start a negotiation when you are the first client of the entity going to negotiate with. we are proactive engaging with our us colleagues. the prime minister has established a relationship with president trump. we saw the dividend in the phone call recently and we have been firm in telling them and stand firm for canadian workers. that was the canadian trade minister saying they again to stand firm. windows counterpart, the us trade representative, has kicked off the process for the rework of the agreement with canada and mexico, issuing a 90— day notice to congress to do that. we are also in northern india — looking at a ‘rags to riches‘ story that may not have a happy ending. it's where much of the discarded clothing donated to charity ends up to be recycled into new cloth. but as shilpa kannan has been finding out, the industry is under threat. this is the

teams last night officially ended any faint hope for a canadian team to make the playoffs.ll be the first time since 1970, the nhl playoffs will be all american. >> seth: no canadian teams made the playoffs, prime minister. what should we do? lower the price of soft wood. [ laughter and applause ] in fact, trump was apparently so upset with canada that as of yesterday, his white house was threatening to terminate the landmark free trade deal between the u.s., mexico and canada. >> the white house considering drafting an executive order to pull out of the north american free trade agreement, nafta. >> seth: something tells me this isn't the first time trump has had to pull out because of some soft wood. [ laughter ] "i'm -- i'm sorry nafta, this has never happened before." [ laughter ] "come on, donald jr. sorry, come on, stumpage." [ laughter ] now last night, trump backed down from his threat, but a potential trade war with canada isn't the only foreign crisis trump is dealing with. there's also the possibility of an actual war with north korea. on wednesday, the trump whi

canadian prime minister justin trudeaux posted to those fleeing prosecution, terror and war, canadians will welcome you regardless of your faith. diversity is our strength. welcome to canada. president trump's tough stance is prompting some to take the canadian up on his offer. >> reporter: the resettlement program border is often standing room only. they've come to this center for shelter and safety where the director has been welcoming a sudden surge of refugees fleeing the united states for canada. >> this changed dramatically in the sense that on a normal year, we would see maybe 50 to 60 refugee claimants. >> reporter: but since trump took office they're seeing more than 400 refugees. he's a somali refugee who made the journey across the border from north dakota in the dead of night. >> in my heart, i was like i cannot even talk about right now. it was like scary. >> reporter: he left somalia for the u.s. seven years ago and fled the country last month, leavinglies car, home -- leaving his car, home and job behind. he's a vista holder but was afraid presidentum his status in the u

. >> the canadian. you can't take away the individual. >> barack obama has systemically rebuilt the trust of the world in our willingness to work through the security council and other institutions. >> you must not talk to anybody in the world. >> whatever you want to call this system, it's a disaster for ordinary russians. >> i think that's the kind of hypocritical argument that if i were chinese i would find annoying. >> it can be described as bar barren management. >> science and religion are not incompatible. >> religion forces nice people to do unkind things. >> are men obsolete? the answer is no. i won't let you. >> show me where pretext. you can keep screaming that and it doesn't change the point. >> we do not want sympathy, we do not want pity. we want opportunities. >> it's an appalling slander to me. i never said the word muslim. it was a muslim free foam nation. >> it is that kind of restraint, it is that kind of sober-minded sensible foreign policy that obama represents. so i guess what i'm

there are a few things to point out, including the canadian dollar. weaker as we continue to trend water on assets. same with the yen. the vix continues to be quiet amid all of this strange relations. steve mnuchin talked again about the ultralong bond. earlier we saw that young at around 2.34. i thought we would point out a couple of things like the indices in europe doing well. the improving picture in greece. is weaker. it is good to keep an eye on that. mark: let's take a look at france. what is eating up with marine le pen and emmanuel macron as the election looms. any movement in the polls? caroline: just like we saw a couple of days ago, we are seeing momentum slightly fading. macronest poll shows winning by 59% in the runoffs sunday. still a clear advantage compared to the performance of marine le pen. we are seeing a few days ago last week that he was around 64%. you can see the cap is narrowing. -- gap is narrowing. that is far from 2002 when the father of marine le pen was in the running against jacque chirac, who won by more than 80%. vonn

the investigation into the ar how a canadian teenager in a chat room may have prevented tragedy. >> new this half-hour, education secretary, booed at a college graduation. >> awkward moments as students stood with their backs in defiance over racially insensitive remarks. >> rocking the white house, conquered wrestling, hollywood, is washington next. the movie mogul gets real and talks about giving the nation president johnson. the details in "the skinny," on this thursday, may 11th. >> announcer: from abc news, this is "world news now." >> we had a president johnson. >> we did. we did. i am fairly certain of that. >> yeah, me too. good morning to you all. >> kenneth moton, and i am diane macedo. we have a lot to get to today. especially with this comey firing. we have some new developments now on president trump's firing of the fbi director. >> last night comey sent a letter to former colleagues at the fbi saying he its not going to dwell on the president's decision. officials say comey asked for resources for the investigation into the russian elect, meddling. a claim the justice depa

america's dairy farmers are not happy that some of their canadian customers disappeared with no warning. those stories and more tonight on business report monday, may 1st. >>> i'm tyler mathisen reporting tonight from new york city. >> and i'm sue herera. we begin with the hottest sector of the year getting even hotter. the technology stocks started off the month with a gain and that powered the tech-heavy nasdaq with a new record, after it reached 6,000 for the first time ever. so far this year the nasdaq has risen 13%. easily outpacing the other major indexes. so here are today's closing numbers. the dow jones industrial average fell 27 points to 20,913. the nasdaq added 44 to a new high. the s&p 500 gained four. >>> sue, apple shares are up more than 26% this year, and they have, of course, helped power the nasdaq so far. and tomorrow, the world's most valuable publicly traded company will report earnings. historically, this is the quarter when apple typically announces its annual dividend hike. last year, apple paid out the most in the tech sector by far. followed by microsoft and i

earlier, i spoke to the canadian trade minister who has been visiting the region doing that. me why nafta is important. we are the largest kind to the united states. we exchange about $2 billion of trade every day. 400,000 people crossing every day. the largest energy supplier to the us. actually, my own province is providing much of the electricity to new york. 47 states have gathered as their primary, secondary or treasury market service agreement has provided millions ofjobs on both sides. 9 millionjobs depends on canada but the relationship is unique because we do not sell to each other, we make things together. if you look at a car, reaching the consumer, this agreement has been good. it provides millions of middle—classjobs. this has been done two decades ago? a rented ii times already. we are proactive and confident that as my counterpart said recently, this has to be in the interests of all three parties so we are looking at these negotiations from prime ministerjustin trudeau which is proactive, making sense to canada. don't you think canada will have a hard negotiat

>> it wasn't the canadian gin, but things went fine. ( laughter ) here's the premise.mentum. it's pure energy. so if you can get a spacecraft into space above the atmosphere, the pressure of sunlight pushes it through was one of carl sagan's dreams back in 1976. we tried launching one in 2005. it ended up in the berent sea which is part of the arctic. we wanted to launch another one, light sail two, same up with that ourselves. we were going to a higher orbit, 400 something miles -- >> stephen: high than the space station. >> oh, yeah, higher than the space station. >> stephen: tell me about the march for science that happened this past weekend. ( cheers and applause ) thank you very much so what were you marching for and why do we need to march for science. >> isn't that a good question? so, in the u.s. -- >> stephen: i'm full of 'em. now, from time to time, i get the sense, i watch the monologue, like everybody, and i get the impression you'r administration. >> stephen: i'm in a equestioning position of their priorities. >> yeah, so in the u.s. constitution, article

. >> a canadian is a canadian and you can't take away citizenship. >> and barack obama has systematicallylt the trust of the world and our willingness to work through the security council and other institutions. >> you must not talk to anybody in the world, any of our allies. >> whatever you want to call this system, a mafia state, a futile empower, it's a disaster for ordinary russians. >> i think that's the hypocritical argument that i find quite annoying. >> and the foreign policy can be described by management. >> science and religion are not incompatible and religion forces nice people to do unkind things. >> my conclusion to the question is no, i won't let you be you. >> show me the word pretext. >> i quoted him saying that -- >> show me pretext. >> you can keep screaming that, and it doesn't change the point. >> we do not want sympathy. we do not want pity. we want opportunities. >> it's an appalling slander to me to the muslim religion. i never said the word muslim in my formanation. >> it is that kind of restraint and the sober-minded, intelligent foreign policy that obama repres

canadian goal scoring sensation christine sinclair is on the final shortlist of nominees for the bbc only abby wambach has scored more international goals than sinclair and the portland thorns striker is keen to overtake her total in the future. iam i am never going to be the most vocal person in the locker room. i try to do my talking on the field. she has been the best player for canada and in my opinion the best player in the world many times. canada and in my opinion the best player in the world many timesm her terms she is like the michael jordan of women's football. when i knew her as a coach, she only got better. she has been the difference maker for over a decade. in the 1999 women's world cup in the us, i was fortu nate to women's world cup in the us, i was fortunate to go down to portland, oregon, and what a couple of games. i remember sitting in the stands and decided then that i would play in the next one. sure enough, i did and played in the one in 2003. i played some games in the exact same stadium. it's amazing what you can accomplish when you put your mind to it. we h

. >> is a canadian.nd you cannot -- >> barack obama has systemically rebuilt the trust of the world in our willingness to work through the security council and other institutions. >> you must not talk to anybody in the world, any of our allies. >> whatever you want to call the system, a mafia state, a feudal empire it's a disaster for ordinary russians. >> historically chinese foreign policy can be described as -- management. >>> science and religion are not incompatible. >> religion forces nice people to do unkind things. >> my conclusion to this is no, i won't let you be -- >> show me the word pretext. >> you can keep screaming that and it doesn't change the point. >> we do not want sympathy. we want opportunities. >> it's an appalling slander to me to the muslim religion. >> i never said the word muslim. >> it is that kind of restraint. it is that sober minded foreign policy that obama represents. he is sort of a clod closet canadian, vote for him for god sake. ♪ >> munk debates on geopolitics. it's m

people do think i'm canadian., i just let them. [ laughter ] >> seth: yeah, okay, gotcha. that's nice. so you didn't know all these years you had this trump card. i didn't mean to do that, but there you go. [ light laughter ] >> that's good. yes! >> seth: so that's nice. and i want to ask -- talk about that show because edith prickley was a character you played on the show, and a very famous, very iconic character. >> >> seth: and you would say that her style has inspired others. >> i would say it inspired lucius tonight. >> seth: yes, that's true, that's true. >> they were the leopards, right? >> seth: yes, there you go. you're not the only one. >> how about kanye west? >> seth: there you go. full prickley. >> it inspired -- >> seth: look at that. that's very similar. [ laughter and applause ] >> fabulous. >> seth: you played so many things over the years. >> yes. >> seth: you're a two-time award winner, which is incredible. [ cheers and applause ] and you have an extensive musical theater background. is it safe

or exchanging non-canadian data. there is possibility to help mexican -- mexico build the infrastructure to do that or the u.s. government can build it on our side. there is no infrastructure there now or personnel to do that. thank you, mr. ragnar, that is an excellent idea given the cost of infrastructure and most sides of the border you have infrastructure being built right now and when you do cross the border into mexico, the authorities do check you out to see who you are and what you have in your car. i encourage you to continue to seek some similar relationships, cooperation as we have with canada with mexico. i think that is a win-win strategy. they keep very much. that, a yield the remainder of my time. >> we are going to start the second round and i recognize myself. i want to talk about changing some of the behavior here. when we look at the penalties that could be a potential deterrent, if you could stay 364 days and that only means that once you are told to leave or if you leave on your own, you can't co

if anyone needed to remind the canadians why it's important. there's talk about fiddling with tax differentials which appears to be a reference to trump's long stated goal of dealing with v.a.t. export rebates and you have references to toughening up government procurement so it would allow more u.s. content which is hard thing for the canadians particularly to swallow. so probably you're going to have a very long negotiation. i think the idea that it's going to be finished by the end of the year is a pipe dream. it's probably going to stretch on into next year. and next year you start bumping up against congressional midterm elections and the mexican presidential election where the candidate mr. oeberdor is gaining ground. it's an interesting set of pieces you have to pull together, especially since they have to get it through the congress. >> so we have a couple of questions from the audience. one is how do you achieve more bilateral trade agreements with the back group of the rhetoric? who would like to take -- >> i guess i think that in any

when canadian country music star brett keisel took the ice to sing the u.s.m and his mike cut out, listen to what happened. this is in canada. >> awesome. [ crowd singing ] ♪ by the dawn's early light >> that, folks, is the awesome sound of over 18,000 mostly canadian hockey fans. canadian hockey fans joining in and belting out all the lyrics of "the star-spangled banner," another reason playoff hockey rules. that gave me a chill when i watched it last night. >> there's a north american free trade agreement token there somewhere. >> there absolutely is a lumber joke, but that is brilliant. >> dairy, lumber, okay. let's get a check on "cnn moneystream" this morning. >>> u.s. futures and asian markets are higher. european markets are closed. wall street closed slightly lower friday after a disappointing report on economic growth. still, april was a solid month for stocks. all three indices gained about 1%. the dow had its best weekly gain of the year. corporate america has been on a roll! earnings have been very strong this season, the best since 2011. think of

one for moving in the canadian pension fund investments.ncing its european hub will now be in london. joining us is the pfp chief executive mark andre bourbonnais . -- chief executive, andre bourbonnais. you are moving in, making it official. why? , ite: as an investor market is important for us to be at the center of decision-making. a number of banks are moving stuff away. believe --f p at p pfp believe the center will remain in london. it's important for us to be at the center. brexit toare using move step away that they would have moved anyway because london is in the cheapest place to operate a middle office. in terms of the decision for investment to my do believe london will remain the middle. giving aresa may is speech at a factory as the campaign continues. what is the plan in money spent? how much are you planning to spend in the european region in the next five years? andre: it will all be dependent investing.will be around $4 investing billion -- 4,000,000,000-5,000,000,000 -- 4 billion-5 billion pounds. vonnie: how do you plan

it is a prehistoric riddle that has even got the canadian government involved.o, everyone. it is thursday, may 11th. ♪ they're a place right out of history let's ride with ♪ >> announcer: from abc news, this is "world news now." >> yeah, i love that part. he slides down the dinosaur. >> he's getting off work. >> yes, hope the car had cutouts in the bottom. run around with your foot. get to that story. big welcome to kenneth moton. great to have you. >> great to be here, "world news now." >> "world news now" -- >> can i join in. >> tradition. >> clapping yourself. are you allowed to slow clap yourself? >> don't know how that works. kendis on vacation few days. kenneth here filling in. >> yes, the kendis gibson. >> by the way our viewers on social media love to get kendis' name wrong and call him kenneth. >> like you said. >> we'll see how many people figure it out. >>> in the meantime, we'll begin this half hour with the fallout from the firing of fbi director james comey. >> u.s. officials including senator dick durbin say days ago, comey requested more money an

it does not reflect the current status of the american economy, or the mexican, or the canadian. at a minimum, it needs updating. it has a particular problem with the rules of origin. how much of what material can be brought in from outside nafta and yet get the tariff benefits of nafta. automotive did it part by part. some of those part are naive and used anymore because technology has changed. there are a lot of changes like that that are needed. there were a lot of things that were not even thought about. digital economy not dealt with. services economy not dealt with. thatof the liberalization mexico has made to its natural resources not dealt with. there is a lot to do. the end of the day, the objective will be two-fold. increase total trade, and reduce our trade deficit with mexico and canada. >> help us understand the timeline. it sounds like the president spoke with presidents of those countries last week, what is the next step? >> we are waiting on congress to authorize the tpa. the trade promotion authority. what is required there is for congress to permit us to have tw

canadian media reporting that jared kushner who tried to get canadian officials to try to convince president trump not to withdraw from nafta. however here is what this one white house official tells me. the date in question here is april 26th, a couple weeks ago. you might remember on that date all of sudden these stories started to come out that the president was considering about officially notifying his intent to withdraw from nafta. however this one white house official very close to the process told me this today. it was after those reports this person says that mr. kushner got a phone call from canadian officials in which folks up there wanted to get a conversation going. and it was mr. kushner who said at that time, hey look, this is principals discussion, meaning a discussion that needed to take place between president trump and prime minister trudeau. it was kushner who facilitated that discussion hours later as you know, later in the evening on that night of april 26th, the president, mr. trump, came out, look i've spoken with prime minister trudeau. i spoken with enrique pena nie

and canadian national anthems. >> unfortunately. country singer, brett kissel's microphone stopped working before the star spangled banner. he egged on the crowd. and then this happened. ♪ the bombs bursting in air gave proof that our flag was still there ♪ >> what an amazing moment. >> sound like the entire arena is singing, again, the game was being hosted in canada. >> yeah, in way northern alberta canada. not even near the border. not as if people might have driven over from the u.s. it was filled with canadians. >> the mike was back on in time for 'o canada. >> how convenient? >> whole experience brought up the idea if an american crowd would not only do the same, would be capable of doing the same? >> 'o canada. la, la, la, la. >> thank you, jack. ♪ through patriots >> if everybody took a turn singing a word the we could all do it. basically overwhelming response on social media so far has been no tauch no. how i am in church. i will just rely on you to know the word. >> i stand up and say all the responses though they changed

it does not reflect the current status of either the mexican economy or the american or the canadian. erik: welcome back to a special edition of "bloomberg best." from the milken institute global conference. i am erik schatzker. president trump has promised to overhaul financial regulation, health care, and the tax code as part of his vision for america's future. john micklethwait spoke with treasury secretary steven mnuchin about the administration's plans to spur growth and enact reform. mr. mnuchin: i think there are a lot of things we need to do to create economic growth. the tax plan is one of them. we think reform of the tax plan, middle income tax cut, making businesses more competitive. we also need regulatory relief. too many businesses are held back from making investments because of excess regulation. we also need fair trade. john: firstly on the deductions, you have done a lot about getting rid of most deductions. it distorts markets, pushes money towards property. why didn't you choose to target that? mr. mnuchin: the key things we talked about keeping our charitable dedu

the currentreflect status of either the mexican economy or the american or the canadian.inimum, a needs updating. second, it has a particular problem with the rules -- namely how much raw material can be brought in from outside nafta and yet get the tariff benefits of nafta. an automotive, for example, they of it part by part, and some those parts aren't used in cars anymore because technology has changed, so the changes like that are needed. a lot of things that weren't even thought about, digital economy not really dealt with, services economy not really dealt with very much. some of the liberalization mexico has made through its natural resources, so there is a lot of stuff to do, but at the end of the day the objective will be twofold come increased total trade and reduce our trade deficit with mexico and to a lesser degree canada. jason: help us understand the timeline. spoke with the president of mexico and canada last week. what is the next step? what you do next with each of those countries? mr. ross: what we are waiting on authorize thes to trade promotion author

canadians are not subject. on the southern border, it's any mexican citizen that wants to proceed past the border zone and any third country nationals that would come in. i gave you the numbers on the third country nationals on the mexican border. for mexican citizens it's just over 15 million last year. but all of them come in, have their biometrics verified. they've already been taken by state department. so the plans on departure would be start with the third country nationals. set up a manual reporting requirement. have them come in and get their biometrics. the technology in the vehicle lanes. we're testing cameras through facial recognition. we haven't seen anything commercially available yet. but i think we can do that using the same system we built for airports. >> it's good to see a visa over stay report which was more complete than the one issued last year. as noted this report does not cover all foreign visitors to the united states such as those who enter through the land ports of intry and doesn't