david stringer in melbourne. check out our library and some of the charts we have been bringing up there on gtv . larry cut lowe says president trump is not planning to qui nafta. -- larry kudlow says the president is not planning to quit nafta. he is contemplating a shift in nafta negotiations. his preference now, and he asked me to convey this, is to negotiate with mexico and canada separately. he prefers bilateral negotiations. joining us now is a former deputy u.s. trade representative. i want to bring up this chart to -- i don't have the chart at the moment, but you were talking about the discrepancy between the u.s. trade relationship with canada and mexico, a deficit on one side, a surplus on the other, so does it make sense to conduct bilateral trade negotiations? the revised nafta should remain between the three .ountries who are part of it it is the economic strength of north america that is at the heart of this. isusing on the trade deficit really a false premise. we know that the deficit is not in

david stringer is with is in melbourne and look ahead.stocks currencies are retreating on the fed's decision to raise rates. where do we go from here given the dollar was bouncing around as well? we will see pressure in the broader that will we see pressure in the broader em space -- will we see pressure on the broader em space? david: we will see ithe is a continuation of the downward trend. in the emerging market currencies, and equities, we certainly saw overnight argentina's peso fall. etf's decline as well, as well as equities in the markets and the two-day rally. one of the key indicators we saw is an index tracking emerging market currency. it fell below the moving average which is the first time since 2016. many analysts see that is a signal of for the loss. we can certainly see an illustration if we look at the chart.gtb this why to the cost of servicing external debt an to the pressure of emerging economies. whether that is rising inflation, potentially rising political risk. the outlook isn't great for some analysts. they see t

for more, david stringer joins us. this is a fascinating story.will benefit from it and that is why the carmakers are working so hard on this. ell, that is right. we think that, by 2040, half of the new car sales and about one third of the total global fleet is forecasted to be electric and it is a lot of batteries. 10 and ank about passenger car because they were carter, those batteries will need to be replaced and we have ofrowing mountain batteries. what they are thinking through is the fact that the batteries are kind of not done. they are useful. i cannot power a car, but still 10 years of useful life in less eye for demanding applications and the key is to recycle the raw materials. with the companies are finding, testing, putting into commercial applications, is a second revenue stream and, if they can make an extra set of profits in the same product, that is clearly something worth chasing. what it also seems to answer the question, people having questions about dangers of these batteries piling up in the environment. how are they going to

that lawmaker's game is david stringer and he said what we said, but his name is not david shapiro.shared the yesterday video online. david shapiro is a good man. had to make it right. sorry. the final fact, as we've been talking about, undocumented families are being separated at the southern border. you will hear this policy defended by the trump team as simple enforcement of the law. that's not true. they're making a choice to be harsh, to prosecute all undocumented entrants, even families seeking asylum presenting themselves to authorities. and jeff sessions is citing the bible to reinforce the principle of punishment for those who disobey the law. take a listen. >> i would cite you you to paul and his clear and wise command in rolmans 13 to obey the law o the government because god ordained the government for his purposes. orderly and lawful processes are good in themselves, consistent, fair, application of law is in itself a good and moral thing, and that protects the weak. it protects the lawful. >> so god wants these families separated at the border this way? doesn't sound v

i'm going to talk about david stringer. he made these comments earlier this week. immigration because there are no white kids to go around. when you look at that 60% number for our public school students, just carry that forward 10 years, 15 years. it's how you change the demographic voting base of this state, and that's what's going on around the country. immigration is politically destabling. >> today stringer defended his comments. he said latinos, asians, african-americans have not fully integrated to american society. is this another example of the trumpification of the gop? alice, i'll give you this one. >> i hope not. i think, look, what we're seeing more than anything, the trumpification of the gop is the fact that the gop is now flexing their muscles when it comes to immigration, and we're working hard to enforce our existing immigration laws. and, look, i think it's critical when we're talking about this issue and legal immigrants coming into this country, any american citizen who is arrested and you're facing -- you're going to be prosecuted, you cannot