years company like pfizer imports millions of immigrants the factories that sustained not for china or mexico some even more and did 19572 broke the of hard to of heavy red blooded to take the beloved baseball team to los angeles. this seemed to foretell the state by the '60s that was becoming a sad shell of its former self. then navy yard which was the largest during world war ii but by the time my move to about 1 mile away it was home to a few operating warehouses' but most acres of empty buildings with the occasional body found. there were still holdovers at the time from the year earlier waves of immigrants with an elderly irish couple once tokyo and borders in those brownstone areas during the depression and the decades following. now they were paid by the city of new york to help the elderly and that was the musical accompaniment of my two children and then hamel who grew up working in the working-class to hear that over and over we have got to get out of brooklyn and a lot of people did. so the question that i had in my mind how does the old brooklyn become the new brooklyn? the cruele

more cautious is on issues where the supply chain is reliant on another country, particularly china or mexicohere the growth strategy is reliant on being able to sell it in some of those countries where there is talk about what is going to happen. jason: the stock market has gone robustly up certainly since the u.s. election. what affect has that had on valuations and your ability to do deals? pam: it has -- valuations are incredibly high. we have for a couple of years been modeling a lower exit and entry multiple. we don't think we can make money. once in private equity you could do that, now it's about having a well articulated and well executed growth strategy. i think we heard somebody this morning say it's really about controlling the factors you can control and only investing when you can control those factors. that is the way to think about it. jason: politics is a topic that was in every conversation here in berlin. elections in the netherlands, france and germany are on the minds of everyone in europe. i asked roberto quarta what this means for him in terms of navigating his deal. ro

would engage in a trade war with, might have been china or mexico. >> i would have said china.iend, our ally, canada. for as long as i know the united states has been fighting with canada in the world trade organization and others over unfair subssydys of lumber. it's what we build houses with. so the commerce secretary says a very bad week for u.s./china trade relations -- >> u.s./canada. a bad week for u.s./canada trade. but that is the first tariff they slapped on canadian lumber. >> where does it go from here? they're about this tariff that canada puts on american dairy products, but where does this go from here? is this the beginning of a trade war? >> no one wants a trade war. no one wants a trade war. i think this is the commerce secretary showing that he is serious about some of these complaints that american producers and farmers have had and he's going to act. >> by the way, some democrats in the northwest support this. >> all right. thank you so much. joining us now is alex. he is a research fellow. he's also the former chief economist for the house ways and means co

these other bastards in washington, i'm going to be the one guy who brings your job back from china or mexicogoing make your life better. i'm going to do all these things that only i can do. to improve your life. well, he is not doing any of those things. it's arguable if those things would even improve their lives or actually cause them more damage. but he has made a promise to them that they internalized something that was going to help them materially. i don't see that coming with anything he is going to do legislatively that's even got a chance in hell of passing right now. >> all right. we're going have to squeeze a break in here. and when we come back, the president's statements about north korea tonight. really stunning comments by the president of the united states. unlike anything we've heard from the president about north korea. ♪ triple your storage space wi zipc spacbag. justacyour ite, seal the space bag double zipper, and vacuum out the air through the valve. more space for more stuff. ♪ just head & shoulders? (gasp) i thought it was just for, like, dandruff new head & shoulders

now for china or mexico but for far less crowded suburbs in the 1957 breaking apart who took the beloved baseball team as they were referred to by locals to los angeles is seem to foretell the fate the war on crime was the sad shell of the former self. and then during world war ii to be decommissioned. with about 1 mile away from the navy yard mostly of acres of empty buildings with those bodies by one of those legendary wise guys. pdf said the time of the move enforce there earlier ways our next-door neighbor was an elderly i rich couple in the brownstone areas of brooklyn and then many were sick and moaning. with my children's early years woefully they cannot remember it. but then to lose population and in growing up in the working-class and you heard it over and over we have to get out our brooklyn. so the question i had in my mind as i approached the book has old brooklyn become the new brooklyn? i cannot read this without laughing but how is it to project uh cashier's with free tastings of the expansive and wine collection. howell could we have got into a point in history with the f

you don't have other immigration say to china or japan or mexico. don't have their floodgates open. the harvard professor describes it very well. look it up. -- what's thegreg question or comment directly to our guest? caller: is definitely the white genocide they are all talking about. host: ok. let's go to robert in pennsylvania on the independent line. commenti just want to on your guest who said that immigration is regulated. and there are millions upon millions of illegal immigrants in the country and they have taken over several fields. construction is one example. a man called in and said he lost his job due to illegal immigrants and another person said how hard they were working. pay $20 orn used to $30 to hard-working americans. due to a flood of illegal immigrants have taken over these fields and they work jobs for five dollars or less than the minimum wage and they ruined the wage scale. which is already getting lower all the time. that is a common concern that immigrants are going to depress wages and take jobs away from u.s. workers. thebroad issue is that reason we don

>> the first tariff under the trump administration, you would have guessed -- >> i would say china or mexicocanada, but it is, indeed. christine romans, thank you very much. we have breaking news to get to. >>> let's go to capitol hill. manu raju is there, our congressional correspondent. this deals with the house oversight committee, and its, i guess we can call it investigation into former national security adviser michael flynn. >> reporter: yeah, that's right, and actually payments that he received from russian entities and whether or not he accurately and legally disclosed some of those payments as part of his request to get security clearance to become president trump's national security adviser before, of course, he was dismissed from that job. now, we have just obtained a letter that the white house has sent from -- to the house oversight committee from actually mark short, who is the assistant to the president for director of legislative affairs, and they did not respond to a lot of the requests from this committee. in fact, mostly blew off the committee from a number of the things

more cautious is on issues where the supply chain is reliant on another country, particularly china and mexico, orhere the growth strategy is reliant on being able to sell into some of those countries where there is talk about what is going to happen. jason: the stock market has gone pretty robustly up certainly since the u.s. election. what affect has that had on valuations and your ability to do deals? pam: valuations are incredibly g. period. we have for a couple of years been modeling a lower exit and entry multiple. we just don't think we can make money on the buy. once in private equity you could do that, now it's about having a well articulated and well executed growth strategy. we heard somebody this morning say it's really about controlling the factors you can control and only investing when you know you can control those factors. that is the way to think about it. jason: politics is a topic that pervaded every conversation here in berlin. elections in the netherlands, france and germany are on the minds of everyone in europe. i asked roberto quarta what this means for him in terms of nav

i would rather employ somebody in michigan, ohio or california or new york rather than mexico city or chinay individual's prerogative. if they want to buy american. i sure do. when it comes to the government, i would make a couple of points. look, what trump is talking about if two contracts come in and about equal in terms of the price charged, on balance, choose the american contractor. this idea that while the other countries retaliate. a lot of the other countries already do that. they buy theredomestic products. i understand the argument. i'll very -- it is a valid argument. if you buy american and it is more expensive than buying european or asian countries, that is making the deficit higher. it will make the contracts more expensive. i think there has to be a balance. >> stephen, what about the hypoc hypocrasy issue? they don't score as highly as it could. we know this year, if you want to put up the numbers in terms of looking for foreign workers in places that are not necessarily skill specific, this year, there has been a notable reduction. 78 visas requested. he has made a number

place he really can have an impact is in some kind of bilateral or he has a lot of leverage and that would either be with mexico or with china. with mexico i don't think that's going to happen because the structure, the automobile supply chain. it's that simple. with china that may will be the same as well. but my feeling is only way he's going to have an impact is in a bilateral discussion, because as a political on the other side to avoid big trouble and the whole thing blows up, and that could be the chinese. bubut i don't see them changing the whole world on the basis of being angry with the whole world. it's kind of like me try to take on the whole economics profession. it doesn't work very well but i don'but idon't have to be presif the united states and get results. >> okay, rob? >> peter is exactly right about one thing, about one thing, and that is ustr does this every year. and not only that come every administration when it comes in does it again. and sometimes you find, you find examples which u.s. negotiators can take to other countries and receive a concession in some negotiation on the basis of particular beha

advisor he trust, what does jared kushner know about iraq or peace in the middle east or negotiating with mexico or china? >> first off, you know, you surround yourself with experts on all -- you have a cabinet and secretaries all have their lane of expertise. >> what is jared's expertise in terms of being in iraq right now. >> as far as him being in iraq, i've taken this trip where last time i went to iraq was december of 2015. and when you meet it with the ambassadors, the iraqi leadership, you meet with our military commanders, you get briefed on the developments of the iraqi counterterrorism, the latest in taking back mosul and efforts to push isis out of iraq, we need to form a coalition government. and the relationships with surrounding countries like iran or turkey, and the kurds both in iraq and syria as well as syria itself. so as you look around the map, to be there, to have those briefings, to ask your questions, it not only makes you a more informed advisor, he will be a better advisor than he was before the trip. but it also helps for the other side for that iraqi leadership and those to put

or that target and walmart only sell you american goods. this is about the american government buying american products. >> so you would oppose any tariffs on imported products coming in from mexico or chinantries which would in fact raise the cost of people who go to walmart and buy a lot of stuff there? >> you go back to the 1930s and smoo smoot hawley. i think it's important to make the distinction. >> there are a lot of republicans who are saying you should go ahead and have this kind of tariff on imported goods coming in, including some from your home state. >> well, i think the wto would say tariffs are unlawful and would be a violation, but this was a border adjustment sglaks isn't that the same thing. >> that a lot of countries use. >> countries use this in different variations on how you tax imports and exports. >> what about the speakerer -- the speaker paul ryan is from wisconsin. he supports that so-called border adjustment tax which would affect the same things has tariffs? >> there ear other countries -- 1270 countries use some kind of border adjustment. >> wouldn't that make products for working class families more expensive? >> no. so the theory behind this is that the ame

think they are doing better -- when you talk to these people, they say, why are our jobs going to mexico or china, and why are those individuals doing better? you are talking about fdr and truman, but in america where we have not only military power, but soft power. people love the idea of america. walter: the reason jobs are going overseas is because the wages are lower. they don't think it means that china is richer than us. because if that were so, the jobs would come back here. they don't actually go to china a lot, or read a lot of chinese social media. >> [laughter] >> they are told this. they are fed a lot of these myths. walter: this is as true of the sanders wings as the trump wing, is that selfish corporations are moving jobs to low-wage havens overseas. i think what they are hearing that they don't believe is that in the 1990's, everyone said, we are going to let china build up. low wages, slave labor, whatever it is -- but in the end, it is going to make china democratic as it industrialized s, so that china will be peaceful. they see that china has gotten powerful by taking low-wage

isn't the expert on opioid abuse or the reforming the management of the white house, or relations with china, mexicond things he has under his charge, but getting the right people to the table. that's what he's doing. his advisors turn out to be people like dunford and henry kissinger and others and getting the right expertise there is what jared is providing and not having this dark government evil world view where we're cutting out expertise from getting to the president. those saturday morning tweets here we are, looks like we perhaps dodged another bullet, maybe we will have fewer of them going forward. >> professor jeffrey sonnenfeld, thank you for being back. >> thank you, michael. >> what do you think? tweet me @smerconish or post on my facebook page. katherine, nepotism is nepotism. it is wrong on so many levels. but i think professor sonnenfeld makes an interesting point, right, who can speak truth to power? one of the problems that i think this president has, and other presidents have had, is that nobody wants to be the barrier of bad news. i think professor sonnenfeld's argument among oth

or without help from china. a regional newspaper in mexico says violence against journalists and the lack of punishment for thoseg it to close down. norte de ciudad juarez said sunday's edition would be its last after a journalist who worked for the paper was shot dead last month. greg dawson reports. the final headline was a simple one — "goodbye." above the door of the norte newspapaer building, a black ribbon to mark the murder that has prompted this closure. miroslava breach reported for the paper on organized crime and drug trafficking in ciudad juarez. last month, she was shot eight times outside her home. the gunman left a note saying, "for being a loudmouth". last week, friends and colleagues came together in mexico city to commemorate her and two other reporters — all three killed in the same month. campaigners claim more than 100 journalists have been murdered in the country since 2012. the majority of cases are unsolved. translation: three colleagues have been killed, others have been injured and the authorities do nothing. regrettably the inaction in any state, in a country in which journalists are i

or not and if not what is another way to raise revenues. certainly we've talked about the unfair trade practices certainly of mexico and china. whether it's a tariff or a border adjustment tax, those are revenues that encourage made in america, jobs in america, so i think we need to continue the discussion on the revenue side, whether it's a border adjustment tax or whether it's something called called tariffs as a potential revenue raiser, as well as repatriation of all those moneys that are currently stuck overseas, 10% repatriation of $2.4 trillion. that raises $250 billion that could be used as a revenue source. >> congressman, because there are so many issues going on right now, there's talk of a health care vote possibly by the end of the week. what do you know about that? are the votes there? >> well, we were just whipping the votes on the house floor during this last vote series. the mcar ththur amendment which seemed to be bringing some folks from the freedom caucus over, the heritage action which some people pay attention to have now endorsed the new plan. they were opposed to the other american health care act. they

he's still making all his products in mexico, china, and elsewhere, or almost all of his products. so we talk about that, chris. but then we also have to talk our affirmative vision. i believe that america works best when everybody shares in that prosperity. so we have to do both. >> you're out on the road. you're talking to people. i'll ask you both this. i'll start with you, tom. you're talking to people in places. you're in kentucky, which i think is an interesting choice. you're in maine. you're going to go to nevada. who are you learning? this is what i want to know. when you're talking to people in these places, tell me one thing you've learned, that you're learning in doing this job and going around talking to people. >> the people of kentucky, the people of maine, the people everywhere i go are incredibly resilient people. they want to hear the message of the democratic party. they want to hear that optimistic message of inclusion. how are we going to make their lives better? how are we going to do what ted kennedy taught me, which is to help the common man and the common w

and it becomes airborne, one or two spores that you breathe in through your nose and it can affect you. richard: the d.e.a. says it's made in china but trafficked from mexicotreet value of $3,000 a kilo it's desirable for the traffickers. >> people can new york it and inject it -- snort it or inject it. it's lethal. richard: it's already taken three lives in our area. in frederick, richard reeve, abc7 news. >> the museum extensive collection of the artifacts has a permanent home in bowie. jonathan: this morning on holocaust remembrance day, several survivors at the event. it's now open to thousands of documents and photos that is accessible to researchers, survivors and their families. >> we do have families that will come and look at the materials, children, the grandchildren for second and the third generation. some of the precious moments. jonathan: the facility built with the expectation that the holocaust museum collection will double in size in the next decade. michelle: talk about the weather now. the storm that came through the area friday night slammed colonial beach, virginia. streets came down on homes. campers were overturned and power knocked

one buying a samsung tv made in china or a pair of jeans made in mexico or shoes in brazil. and let's say we pose the question to the walmart shopper. it only serves the elites. how do you think they'd answer and how would you respond to that question? what would you tell them? >> first of all how did you get my shopping list. i mean i think their answer is going to be yes. of course it does. >> even if they're living in dayton, ohio. >> especially if they're living in dayton, ohio, maybe less if they're living in santa monica. yes, globalization hurts workers and helps elites. so the question is how do you explain? the gains from trade are really easy to explain. i do this with my mba. it takes about half an hour and at least most of them get it. but the issue when you look at the gains of trade, they go to different places. and the problem is with policy, we treat all industrial workers who lost their jobs the same and i think that was a point that was made earlier that some industrial workers in their 30s are quite prepared to move into the new economy with appropriate gu

mexico. some have, but most have been hit by automation or by china. h on that showing that many more jobs moved to china than to mexico. joe: mike mckee, bloomberg's international politics correspondent. scarlet: let's get a look at some great trading. biotech have, in the red. the new cholesterol drug, failing to gain traction. paypal up nearly 7% after sales beat analyst estimates. from new york, this is bloomberg. ♪ scarlet: i'm scarlet fu "what'd you miss?" many fractures in sweden feeling a little more optimistic hearing let's take a deep dive into the bloomberg. this is the swedish manufacturing confidence going back some 20 years. in april, you can see the yellow circle, confidence assertion, the highest ever since surveys began in 1990 six. the strong reading points to a possible revision in gdp forecasts, and that could pave the way for a reversal of a very accommodative policy. it makes them meeting tomorrow much more interesting. what does sweden make? in addition to pop music, and really good hockey players, it and lumber. joe: we have anot

or more. i am not really sure where we go if they go at china first an then mexico,he big trading partners, weould have a scare in e.m. jon in an: is that enough to be bearish? stephen: a little bit more cautious and we will see what comes out later today. jonathan: brian rehlin, stephen caprio and cathy joens, thank you so much. sucked up by the market but cracks starting to show in the margin. this is bloomberg. you are watching "real yield." ♪ ♪ jonathan: i'm jonathan ferro from new york city. this is "bloomberg real yield." what it has been for issuance. the busiest first quarter for debt sales since 1999. u.s. investment firms push it to more than $415 billion. that surpasses the previous record at $381 back from 2009. over in europe, syndicated primary issuance was active every single business day of the quarter. issuance volume is poised to reach almost 446 billion euros and you have to wonder whether there is pushback. they are trying to lift the offer from 8% to 10%. i want to bring back a roundtable. brian, kathy and stephen. kathy, we had this big wall of debt come into the market a

or on the dark web. the chemicals used to make fentanyl are produced in china and shipped to clandestine labs in mexico. drug cartels are smuggling massive amounts of fentanyl with other narcotics from mexico across the southwest border. drug traffickers in the united states are not only getting deliveries of sentinel through the mail, but getting direct or indirect shipments from china phil pressey's that can fuel -- fuel thises that can epidemic. fentanyl is not a replacement drug for heroin or oxycontin. 2 to 3 milligrams can kill an individual, and has. added into cocaine or heroin to boost the likelihood of an addiction. those taking these drugs may not know that they are taking fentanyl, linda known what it is -- let alone what it is. and 2015 in oregon, 49 people died from fentanyl. the number of deaths appear to be rising. that is just what we know. as we work to combat this threat, there is an important question to ask, how can we find this threat when we don't know how quickly it is spreading? threatng the fentanyl will require more than strategies on overprescribing. fentanyl is a global prob

and a toy factory, biggest toys in the city, shut down in mexico and china, the city never really recovered much. what can you do to help bring or keep those kind of jobs back in? >> we have to provide a, the tax rates that makecorporate competitive in this country. that's the first place we are going to start. we have a 35 percent corporate tax rate. the oecd rate is 23 . you know, if you look at 23 versus 35, we're not competitive. there's tax domiciles where you can get substantially lower but the president has been constantly talking about rate matters so we've got to start with taxes. because companies, the first thing they're going to make his build a business, i'm successful, what part do i keep and what part do i give my shareholders, what part do i give the government? let's start with that. we've got to have a labor force compatible to what we need to hire. you have heard a lot about retooling of the labor force, reeducating of the labor force. we're spending an enormous amount of time on apprenticeship programs and vocational education and tooling our labor force to the labor force we're going to need in the 21st and

or are there other areas? >> 45% that mexico exports is u.s. product basically. if they put together a car put in mexico, 45% of that is u.s. products. china or less is u.s. products. if they're trying to up that from 45% to 50%, 60%, 70%, there's a point where the mexicans may say, look, this is supposed to be about helping to integrate north america, that's what it was about, canada, mexico, the u.s., trying to get some -- the american business community has enjoyed the benefits of nafta, in my opinion so have the american people. it's time to update it, renegotiate it, whatever they want to call it. but this yesterday that was the theme of the campaign, that is to do away with nafta, it's unrealistic and i think the administration is finding out that's not feasible nor good for the u.s. economy or the north american partners. >> is there a way for mexico, the united states and canada to renegotiate the deal, walk back and save pace and walk back and say that i renegotiated the deal better for themselves? >> probably not. it's obvious they all want to do that. but the mexican economy is one that is very dependent upon the u.s. and canada

tillerson at the state department who's been almost invisible or jared kushner who's now in charge of iraq, middle east peace, china, mexicoas innovating the entire u.s. government? there are real serious questions about process as well as substance. >> yeah. john meacham, couple of folks are saying -- marco rubio is saying it, john mccain said earlier the assad regime was encouraged by what they were hearing. do you agree, was syria emboldened by what they were hearing from the trump administration less than a week ago? >> well, i think that unquestionably this is a time of testing for every new president, the soviet union did it with jack kennedy, this is a familiar pattern. and i think that if you live by bluster, to some extent, you end up paying the price for it. trump offered relatively facile criticism of president obama. do any of us really think he's thought out syria's role in the world and the balance of power in the middle east? i hope he has but i wouldn't bet my mortgage payment on it. and so he's -- i think to robin's point, i think one of the great questions is not even who's making policy, but what's the c

or two more than the others. water filters at wal-mart, i couldn't find any made in the u.s.a. so i chose mexico rather than china. i looked at -- host: can i ask you. did you vote for president trump? caller: i feel that's my business. host: ok. i respect that. caller: but i would not vote for hillary clinton based on things that i knew about her. host: ok. joy in mount vernon, new york, a democrat. joy, share your thoughts with us. good morning. caller: good morning. thank you for taking my call. first, i have been on cnn, although i've tried before. but i do make it a point to buy -- host: we're listening. caller: hello? host: yes, we're listening, joy. caller: yes. i do make it a point to buy anything that is made in america. and coming here 37 years ago, i remember when i would see most american made styles. and with i perceive that it is a very ambitious goal when it comes to appliance and automotives, i think we could narrow down this habit to our food. nd i think that every american could start by buying their own food, your own potatoes, your wn rice, your own meat because it's dangerous many times to bu

but the big steel exporters to the united states or countries like canada, mexico, brazil, even south korea. what's going on here? >> it's not just china, it is south korea but i think the president will be looking at. this law dates back decades, and it allows a president to go to the commerce department and say, for national security reasons, we need to apply sanctions on this or that product coming into the united states. it is threatening our national security and one way or the other. still, you could argue, it's over produced in, as it has been and it drives down prices, which is what has been happening. you run steel companies out of business and the united states, where they are to be an emergency down the road, with the u.s. have the capacity to build steel? that's the president's objective here, it's very interesting. he's getting tough on trade again, similar to some of his language during the campaign. after a few weeks of going light on trade, saying to china, we are willing to not press you on trade issues if you help us with north korea, not calling china a currency manipulator. now it's getting a little tougher. >> jon:

or-treaters out because the kids kept bugging them everb year. when is chinese halloween? october 30th? i don't want to get anybodyen pissed off culturally here. i don't know anything about anything. mexico, china, and japan are the same country. >> bill: but you're absolutely right, they built the great wall of china. all 3,000 miles of it to keep out the mongolianhe trick-or-treaters. they were on horseback and they had swords and if you didn't give them your house they you were executed. those trick-or-treaters were a little bit more advanced. dennis miller, everybody. there he is. >> you are a freaking genius. >> bill: i think you from the bottom of my heart. ambassador john bolden is next. he has some insight to the susan rice story. "the tip of the day," we'ree going to hit the road again. coming right back. >> bill: back tonight, we are going to do an interesting exercise. i'm going to play the part of susan rice's defense attorney and ambassador john bolton is going to answer my questions as an expert witness of national security.an mr. bolton joins us now. first of all, ambassador rice,. who holds the same title that you do, said she was just doing her duty as a national advisor in the

or four months ago, we didn't know what we're looking at. there were less concerns about a possible trade were between the u.s. and china and we had no idea what would happen with mexicoit. on aow we seem to be better path. populism looks a little bit less ugly. carsten: in a way. yes. but take a look at the guidelines from the brexit negotiations. we have signals coming from one or two years down the line, are we sure we will g the sign off given the domestic probls? risk remained elevated. david: rex tillerson travels to condors ofwe see the this beginning to shape up. are we getting anything cohesive? do we have anything cohesive on u.s. foreign-policy right now? carsten: not really. i depends on the g7 and the russia side. what we can signal was uncertainty is that the russians are not going to go back. this is the strategic interest here. how far the americans are willing to push -- let's say in exchange for russia, it is unclear for now. david: what are the economic ramifications for that? with sergey lavrov and the russian president as well? carsten: uncertainty, that is the only thing we can point to. at this point. it gives us an indication of what is ahead o

china. >> let's imagine that we are all taking a stroll and need several shoppers, one buying a samsung machine or a pair of jeans made in mexico o were shoes made in brazil and we posed the question for the wal-mart shoppers, the globalization that only serves to delete. how would you respond to that question and what would you tell them? >> first of all, how did you get my shopping list? i think that answer is going to be yes. especially if they are living in dayton ohio but maybe more especially if they are in santa monica. yes, globalization hurts workers and helps to elite. it's easy to explain and it takes about a half an hour and at least most of them get it but the issue is exposed to different places and the problem is with policy we can treat all of those that lost their jobs the same and that is the plaintiff was made earlier some industrial workers that are in their 30s are quite prepared to move into the new economy with appropriate guidance. some are like in the grapes of wrath and that is a different kind of policy. and i think our policies that are policies that use hammers but need scalpels. i want to make one

or china. posing significant china, all potentially confrontations. president trump today surprising almost everyone with his announcement he spoke with the leaders of canada, and mexico and agreed too renegotiate rather than withdraw from nafta. >> i said, i will hold on the temp nation, let's see -- termination, let's see if we can make it a fair deal it has been horrible for united states it has been very good for canada andexico, but horrible for the united ates, if you check m campaign -- any of my speeches, i said i will either renegotiator term night. they asked me to renegotiate, i will. lou: and this has been a briz a busy week for president who is dealing with threat of a government shut down. that appears tonight to perhaps subsided. republicans announcing they will move forward with a short-term spending plan to keep government running through may 5, giving lawmakers more time to renegotiate a longer term package. some congressional democrats still threatening they will oppose the measure if g.o.p. plans a health care vote between new and saturday. we're go to find out whether that will occur, fox news senior producer chad good evening. >> the house rules

or 12, now they're saying 75. mexico paying for it, not happening. donald trump was saying that it was china that's causing people to lose their jobs by deflating their currency. now he's whatever. we had chocolate cake, whatever. >> donald trump has insisted that while he sounds like he's taking a softer approach with china, he's not. listen to this. >> i didn't -- look, china came to the united states, the president, who i really developed a very good relationship with. i think he's a terrific person. he understands it's a big problem. he's working on it. now, what am i going to do? start a trade war with china in the middle of him working on a bigger problem, frankly, with north korea? so i'm dealing with china with great respect. >> what do you make of that? he's saying, i need chaina for north korea, so i'm not calling them a currency manipulator, didn't he know that when he was on the campaign trail? >> this is a very interesting test of trump supporters and how far they're willing to go with him. in a way, matthew and john are both right. we have this fact-checking mentality in the me

or brazil and mexico. >> i think they're looking at india, brazil and mexico. >> but people in china, and brazil and india, they are gaining a sense of confidence. >> i don't think that many people in western pennsylvania necessarily know that the middle class in turkey feels more confident than it used to. >> but they are getting a sense that the world has changed . >> the middle class is doing better than they are. >> but then when you talk to these people they always say why are our jobs going to mexico? why are our jobs going to mexico. the reality is when you're talking aboutfdr , you're also talking about an america where we have not only military power but we have this soft power where people love the idea of america. >> the reason they think jobs is going overseas is because they think the wages are lower. they don't actually think the factories going to china means that china is richer than us because if china were richer than us, the jobs would come back here. >> but they see people doing better they're not actually. they don't actually go to china a lot or read a lot of chinese social media. >>