in these negotiations there was relatively tight solidarity between the farmers union and the c.d.u. . many colleagues are also members of the union. there are very important issues on the table and they exert their influence just. does this mean some members of the agriculture committee are biased towards industry interests. lost and or thinks at least 2 members are. the also parts and and your highness willing are high profile conservative m.p.'s connected to farming they were definitely not among those pushing for progressive fertiliser legislation instead they stalled proceedings massively each time claiming they were protecting their farmers i'd call it protecting the business interests. you know just if this. holds and comp was then chairman of the christian democrat group on the committee. is his successor. in feb 2017 the german parliament voted on the fertilizer legislation. supports in camp took to the floor i'm confident of victory when. we've done something good for the future i ask you all to vote in favor thank you to some of you in that thank the legislation was passed

distribute fairly funding forfarmers once the seeks to distribute fairly funding for farmers once the uk leaves the european unionric payments promised to scottish farmers in the chancellor's spending review this week. the national pharma's union of scotla nd week. the national pharma's union of scotland say this is the largest uplift for the sector that has been seen uplift for the sector that has been seenin uplift for the sector that has been seen in memory —— the national farmers' union. the snp‘s westminster leader ian blackford says these payments are three years too late. following on from his speech yesterday in yorkshire and a number of appointments, you could be thinking the prime minister is on an election footing in scotland. but recent polls have shown if an election were to be called, he would have his work cut out north of the border. to hold onto the seats gained in the last election. boris johnson gave himself the title of minister for the johnson gave himself the title of ministerfor the union, johnson gave himself the title of minister for the union, edging johnson gave himself the title of min

concerns much corn had promised to ban the use of phosphate by 2021 that provoked an outcry by farmers in unions who said they needed an alternative mark and then pushed the ban back to the following year when the current license will expire now across france the ban imposed by mcewan has gained traction he may have lost the 1st battling court but now around 20 other matters have followed his lead banning the use of pesticides close to homes while farmers are furious and decry these bans as being politically motivated saying they are getting on the environmental bandwagon ahead of my own elections. mayors are already thinking of the next election environmentalists are wreaking havoc on our agriculture and our only factories floundering unless these mayors are outstanding scientists they are taking advantage of people's fear to make this kind of decision which is good for their images protectors of the environment and the population but it seems the government has been backed into a corner there must be a minimum distance between residential areas and best decided sprain i will advise in the comi

listen to the national farmers union which said a no deal worth, and i quote, have a devastating impactarming and must be avoided at all and farming and must be avoided at a ll costs. and farming and must be avoided at all costs. our lesson to the british medical association, which has made it clear, and again i quote, the consequences of no deal could have potentially catastrophic consequences for patients. the health workforce and services and the nation's health. we must listen to what every sector of society is telling us regarding the damage of a no—deal brexit, and what it will do to our society and our economy. if we asa to our society and our economy. if we as a parliament do not make the stand today, there may not be another opportunity. it may simply be too late. we must listen to those warnings. if people in the house no better than the bma, the nfu, uk about their own sectors, or know better than the trade unions represent people who work in those parts and facilities all over the country, they should say so now. i have met trade unionists all over the country and spoken to

he defended the trade war during a speech to his national farmers union. the u.s.o resume trade tops. citigroup forecasting gold may go above $2000 an ounce in the next two years. citigroup giving a laundry list of reasons, including the rising risk of a global recession and the likelihood the fed will reduce interest rates to zero. goals all-time record was $1920 an ounce in 2011. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. david: thanks so much. we turn to financials. ofheard from the leadership citibank, bank of america, wells fargo, and deutsche bank yesterday. still with us is christopher wells of wolf -- christopher wolfe of first republic private management. let's talk about the financial sector. what you make of what is happening to bond yields? christopher: i think it is not a bad thing. an inverted yield curve is a bad thing for financials to make money. you need rate volatility, you need equity market volatility, you also

agriculture department's key personality calling -- he defended the trade war to the national farmers unionans would see their fortunes shrink under ray wealth tax proposed -- under a wealth tax proposed by elizabeth warren, according to two french economist. could collectively lose hundreds of billions of dollars over decades, but that is only if they do nothing to avoid the proposed tax. oil extending its highest gains in almost six weeks. the oil minister is signaling committing to your production cuts. saudis meet the with opec and allies. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. tom: you know the rubber chicken economicshether it is or ipo's. we call it a stale pastry circuit, where a bank gets together everybody in an into a morning and afternoon soiree to go over there business plans for the year. that is happening with barclays. ,lisa martinuzzi joins us looking into the first tentative looks of banking into q4 and 2020. is there a global slowdown

you've have, i don't want to a national revolt you've had the national farmers union what is going onat we signed up for. it's not the argument short-term pain for long-term gain. the trade war by tweet to china and a strong core base of the president. neil: certainly the market impact. >> it's come up. there were a couple of weeks there where it was rocky-- >> and sort of gets whip-sawed, and that's the market the better it looks for trade, and maybe not, what do you think? >> i think it's better the market looks, the better things look for president trump overall, but we don't see the president's poll numbers, the rcp average fluctuating as often as it does with the dow when it comes to trades or tweets. when you look at 2017 the poll numbers were at its worst and the stock market was through the roof. >>. neil: what if we don't get a deal? >> we may get the usmca deal, hopefully we do and with modi-- >> in your view china will support him-- >> he's the first president to talk about the intellectual property. neil: if it comes to body blows and-- >> and what the president is address

majority of welsh farmers to leave the european union now they're getting cold feet they profited from the e.u. . 80 percent of their incomes a british government has promised to continue those payments but there were doubts about that. it was. farmer brian bowen can still count on his trusty sheet dog but everything else has become a lot more uncertain. the big question is who will subsidize welsh farmers after. dr cottle subsidies in the e.u. account for around half of bones revenue he doubts the british government will step in to fill the shortfall after practice that. put an even more burning question is to whom really sell his sheep in the future. great. but the new markets are not going to be as easy to open up as it is to save the ones that we already have in in europe and not something that politicians don't seem to be able to grasp at the agricultural industry needs to hold on to the markets that we've already got before we look at expanding into other areas which are cannot see going to be taken the volume that the was taken at the moment. bryan bowen is in a minority. the ma

i think that's important for manufacturers, farmers, even for unions. they want that done. hopefully, that will be put up to a vote very soon. there will be little cajoling of the democrats because they want it too. but they are voted on. mexico has taken their final votes. canada is ready anytime we want them to. we need that for our country. it's a great deal. it's a great deal, thank you. reporter: for the prime minister, your economy is caught in the cross current. between the u.s. and china. what would you say your ideal outcome is for a trade agreement between the united states and china? prime minister morrison: thank you. obviously, we're going to see the united states and china come to an agreement. what is always necessary is deals have got to be good deals. deals have got to be sustainable deals and one of the things we have seen is australia has benefited greatly. we have a free-trade agreement with china and they have grown and become a substantial economy in the world. once you get into that level, you need to be able to play to the same rules as those other d

a majority of welsh farmers voted to leave the european union now getting cold feet profited from the e.u. it subsidizes nearly 80 percent of their incomes the british government has promised to continue those payments but there are doubts about that. it was. farmer brian bowen can still count on his trusty chic dog but everything else has become a lot more uncertain. the big question is who will subsidize welsh farmers after the agricultural subsidies in the e.u. account for around half of bones revenue he doubts the british government will step in to fill the shortfall after breakfast. but an even more brain question is to whom really sell his sheep in the future that. the new one markets are not going to be as easy to open up as it is to save the ones that we already have in in europe and that is something that politicians don't seem to be able to grasp. more than a 1000000000 euros have flowed from brussels to wales since 2014. method to fill has done particularly well. the center of the former mining town was renovated with emu aid. to one shabby town hall is now a shiny new cult

farmers wanted, unions want to date, small busines operators w.y all take a backseat may be to never see the light of day. >> you are absolutely right. i said you guys the democrats are so obsessed about taking out donald trump that you can't deal with the normal issues that americans want us to do. there are so many things that we could work together on but it's so difficult that all they do every day especially in this judiciary committee is bash the president of the united states and his administration. last week they were bashing law enforcement and brought up corey lewandowski. today it was all about the so-called muslim travel ban which isn't a muslim travel ban, it's all in a continued effort to undermine president trump to come up with anything to try to impeach him on. for two years they said that president trump had colluded with russia and then it came out that no it didn't happen and now they had to switch to obstruction of justice. they brought in robert mueller himself and that flopped for them and they are trying anything and everyt

we can cros to our aberdeen studio and speak farmers union in scotland. ence money was sorted out at the beginning of 2013. so it is going to be a good shotin 2013. so it is going to be a good shot in the arm for the industry. and you say it is overdue. 0f course, the scottish national party are saying that he is returning to the scene of the crime like a thief, of the prime minister. they say it is too little too late. i think the line which is a bit on the strong side. it is definitely correcting a wrong, which is the way we see it, but we should look forward to being able to see this —— use this in the industry. it is to get scottish food and drink up to £30 million, and as farmers, we need to be there to do that, and we are currently going through a fairly torrid time. the uncertainty of brexit is adding to that, so there is an opportunity to put some resilience into our industry and aim for the target of £30 billion. you met the prime minister today, what was your message to him on election timing, brexit timing, and all the rest of out? i was maybe s

the national farmers union says it would be catastrophic for british agriculture. top of the damage already done to industry by nine years of conservative government. remember george osborne‘s march of the makers7 it is easily forgotten, so don‘t worry if you have not committed it to your memory. or recall the time conservative ministers suddenly started talking about industrial strategy7 those we re about industrial strategy7 those were hollow words. there are now 15,000 fewer people working in manufacturing industry than they we re manufacturing industry than they were when the government set up the department for industrial strategy three years ago. over the last decade, almost half a million manufacturing jobs have been lost, hitting regions like the north west and the midlands very hard. the tories always put first those who lend and speculate over those who actually make things. that is why it is the billionaire hedge funders who bankrolled boris johnson is the billionaire hedge funders who bankrolled borisjohnson and his party who are calling the shots. whil

the farmers wanted, the unions want to, the manufacturers want to. by the way, 600,000 manufacturing jobs in this country. remember, you would need a magic wand. you can't do that anymore. well, we did it. but we've got to get u.s. it pp for a vote by the democrats. i proudly withdrew from that job destroying catastrophe. and we are replacing one of the worst trade deals ever made by any country. you can go back as far as you want, nafta, the disaster of nafta. so whatever you do, start talking to your people. we need a vote on the usmca. that's united states, mexico, and canada. and they've already voted. they wanted, and we want it, and it's great for everybody. were also aggressively combating a problem that you have in north carolina, a problem that we have in all most all states. the opioid epidemic. last year, we saw the first nationwide decline in drug overdose in nearly 31 years. [cheers and applause] and at the center of the american drug crisis is the border crisis. criminal cartels smuggle vast quantities of lethal narcotics across our sou

strong consensus in northern ireland, including from virtually all the business community, farmers, the trade unionshern ireland voted heavily to remain, and if we can still remain that would be our prince. the dup has taken a very different view and have wrongly portrayed the backstop of some sort of constitutional threat with the notion we do things differently here. the fact is, northern ireland is a very special place. if it is to the uk. a lot of devolution, and even beforehand we do things differently including economic issues on terms of a single electricity market, we already have a single zone in terms of animal health, so that there are many precedents in which we can build. at this stage, northern ireland will proceed with a negotiated brexit, but it's important people follow through and what is in the interest of northern ireland. given everything you have outlined, when you hit the prime minister today use the phrase cautious optimism, what do you make of that? what is that based on? we are very concerned about the approach that has been taken. we about the approach that has been ta ken

unions love it. farmers love it. i would say unions like it, but they like it. we hate nafta. is their all-time least -- manufacturers love it. the farmers are desperate for it. it is so important, and that it bipartisan. i told nancy pelosi -- nancy plotted up for a vote. you have to do something other than try and impeach somebody that did not do anything wrong. you have to. [laughter] pres. trump: i said it is hard to impeach somebody who did not do anything wrong. "the mueller report is out!" after is no collusion" two and a half years. russia said, you know, if we really did pick him, we made a real bad choice. [laughter] pres. trump: think of it. aboutonight, i am talking -- we have the strongest military. we are spending billions and billions. strongest military, right? we have the strongest energy. hillary wanted windmills. she wanted solar. solar is fine. you know, small potatoes compared to what we are talking about. does not have the power that you need. i love solar. i think solar is good, but it is limited. the wind is very expensive because you put up this windmi

i think it is very important for our manufacturers, farmers, and even unions what the deal done.opefully, that will be put up to a vote very soon. there will be very little controlling -- cajoling of the democrats. the usmca is ready to be voted on. it is finished. mexico has taken final votes. canada is willing to do that anytime we want them to. they are set to go. country.hat for our it is a great deal. thank you. >> for the prime minister, your economy to some degree is in crosscurrents between the united states and china. what you say to the president about your ideal outcome on a trade deal between the united states and china? prime minister morrison: the deals have got to be fair and sustainable. i think one of the things we have seen is are still benefited greatly from the economic growth in china. we have a strategic and free trade deal with china. they have grown to become the standard economy in the world. when you get in that level, you need to be playing to the same rules as the other developed nations. i think this is the new generation of deals we will see china do

say that's a bipartisan deal but i think that's very important for manufacturers for our farmers even for the unions they want that deal done and so hopefully that's going to be put up to a vote for me soon they'll be very little cajoling of the democrats because most democrats wanted to but the u.s. embassy is ready to be voted on it's finished mexico has taken their final votes can it is willing to do that any time we want them to they're all set to go and do we need that for all of the we need that for our country it's a great deal it's a great deal thank you and for the prime minister sir your economy is to some degree caught in the cross currents between united states and china what did you say to the president about what your ideal outcome is here for a china trade agreement between the united states and china thank you obviously we're going to say the united states and john to be able to come to an agreement but what is always necessary is deals are going to be fair deals are going to be good deals still to go to be sustainable bills and i think one of the things we've seen a strategy is bene

farmers. even our unions want that deal done. so hopefully that's going to be put up to a vote very soon.re will be very little cajoling of the democrats because most democrats wanted to, but the usmca is ready to be voted on. mexico has taken final votes. china is going to do that any time we want them to, they're all set to go. and we need that for our country. it's a great deal. it's a great deal. thank you. >> for the prime minister, sir, your economy to some degree is caught in the cross-currents of united states and china. what did you say to the president what your ideal outcome is for a deal with the united states and china? >> obviously we'd like to see the united states and china to be able to come to an agreement. deals have to be fair, deals have to be good deals, deals have to be sustainable deals. i think one of the things we've seen, china has sustained greatly and we have a free trade agreement with china. they've grown and they've become a standard economy in the world. once you get into that level, then you need to be playing to the same rules as those other developed na

during this period he quickly becameme known as a champion of french farmers fighting for t tir rightss and then nine member european union it was a role he embraced. french farmers have certainly become the best in the world and all the breeds that we see here today proved just that. no one can deny it some of the stuff. whether he was prime minister or president shirak continue to keep a close eye on france's farmers. he was forever ready to fight for their livelihood and safeguard their interest. each visit to the annual agricultural fair his popularity with the farmers grew. his love for good food and drink was legendary turning his trip to the fair into marathon sessions of eating and drinking. you have to eat chicken. and drink some rezaei it helps complimented. for the farmers in karez charax enthusiasm was sincere. the wind shear rack would travel to the agricultural shows in call has on it is some one h had the feeling of a true bond with the farmers and the animals and it was totally natural and seemingly effortless. for mobile can if in she rank france's farmers knew they had a true champion and friend. who nev

. >> it is become very popular, the idea with mexico and canada, unions alike it, farmers are loving ng it. >> unions are liking it the president says. as it stands today, do you support the u.s. mca? >> as it stands today, it's unenforceable and therefore we cannot supportive. we've been working to try to get there and hopefully we will. >> what is unenforceable about it. that was one of the big issues they were going to talk with us, it's unenforceable in three levels. first of all, mexico has always used a model and kept things artificially low using a protectionist contract. that is where a champion and comes in, negotiate a deal with the company and keeps wages low. >> are getting into the weeds a little bit. >> if mexico cannot import their own agreement, loss the disagreement will never work because their wages will be artificially low and they will suck jobs and capital out of united states. >> let's look at the features of video. >> there were two of other level. >> but we've only got limited time. let's look at features of video. the international trade commission, this deal

but i think it's very important for manufacturers, our farmers, even for unions. they want that deal done. hopefully that will be put up to a vote very soon. they will be very little cajoling of the democrats because most democrats want it, too. but the mca is ready to be voted on. it is finished. mexico has taken their final votes. candidate is willing to do it anytime we want them to. they are all set to go. we need that for our country. it's a great deal. it's a great deal. thank you. reported back for the prime minister, sir, your economy is to some degree caught in the cross current between united states and china. what you say to the president about what your ideal outcome is between a china treaty agreement between the u.s. and china? >> prime minister morrison: thank you. obviously, we came to see the united states and china be able to come to an agreement. what is always necessary, deals have got to be fair, they've got to be good deals. they have to be sustainable deals. i think one of the things we've seen, australia has benefited greatly from the strat

i think that's very important for our manufacturers, farmers, even for unions they want that deal done. so hopefully that's going to be put up to a vote very soon. there will be very little conjoeling of the democrats because most democrats wanted to. the usmca is ready to be voted on. mexico has taken the final votes. canada is willing to do that. they're all set to go. we need that for all of the -- we need that for our country. it's a great deal. thank you. >> for the prime minister, sir, your economy is to some degree caught in the cross krunts. what did you say to the president about what your idea outcome is >> obviously, we're are keen to see the united states and china be able to come to an agreement. what is always necessary is deals are fair and good deals and sustainable deals. i think one of the things we have seen australia has benefitted greatly from the economic growth of china. we have a comprehensive strategic partnership with china. they have grown and become substantive economy of the world. once you get to the level you have to play to the same rules as the other de

i think that's very important for our manufacturers, for our farmers, even for unions, they want that deal done. and so hopefully that's going to be put up to a vote very soon. there will be very little cajoling of the democrats because most democrats want it too. the usmc is ready to be voted on. it's finished. mexico has taken their final votes. canada is willing to do that any time we want them to. they're all set to go. and we need that for all of the -- we need that for our country. it's a great deal. it's a great deal. thank you. >> reporter: for the prime minister, sir, your economy is to some degree caught in the cross currents between the united states and china. what did you say to the president about what your ideal outcome is for trade agreement between the united states and china? >> thank you. obviously we're going to see the united states and china be able to come to an agreement. but what is always necessary is, deals have got to be fair, deals have to the to be good deals, deals have got to be sustainable deals. i think one of the things we've seen, australia has bene

unions are liking it, farmers are loving it. s are really liking it. >> chris: unions are liking it, the president says. as it stands today, do you support the usmca? >> mr. trumka: as it stands today, it's unenforceable and therefore we couldn't support it. we want to get to yes. we've been working with him to get there and hopefully we will. >> chris: at what's unenforceable about it? supposedly that was more of the big issues they were going to solve with this. >> mr. trumka: it's unenforceable on three levels. first of all, mexico has always used a model -- they've kept wages artificially low but using a thing called a protectionist contract. that's where a sham union comes in, negotiate a deal with a company, keeps wages low. >> chris: you're getting into the weeds are a little bit, so basically -- >> mr. trumka: if mexico can't enforce their own agreement, their own laws, then this agreement will never work cause their wages will be artificially low and they will suck jobs and capital out of the united states. >> chris: let

things very important in the usmca, which we have to have approved not only for the unions, for the auto workers and the farmers, everybody wants usmca, it is very important, more so now than two weeks ago. i am sad to see the strike. hopefully, it is going to be a quick one. reporter: [indiscernible] pres. trump: it is never exhausted. in fact, the crown prince can tell you, especially in your part of the world, it is never exhausted until the final 12 seconds. you never know what is going to happen. no, it is not exhausted. we will see what happens. i think they would like to make a deal. i know they want to make a deal. but they want certain terms and conditions, and we won't do that. but at some point, it will work out, in my opinion. the deal signed by the previous administration was a disaster, which will be expiring in a short time, also. that deal was a very short-term deal. that deal would be expiring very soon. yes? reporter: are you encouraging israel and the saudis to work together on this issue? pres. trump: i encourage everybody. i want everybody to work together. the middle east is an interesting

lobby like they have never seen before i want to negotiate trade with unions of the table i want to negotiate it was small farmers at the table i want to negotiate with environmentalists at the table i want to negotiate with human rights activists at the table donald trump in office on trade policy you know he reminds me of that guy in the wizard of oz you know when you pull back the curtain it's a really small dude. we need for more i'm now joined by correspondent alex underfund naaman in houston texas where the debate wrapped up just a short while ago so it's under we saw a wide range of people and issues being debated there who were the winners and who were the losers who stood out to you the most. well 2 candidates stood out for me at least one of them was special rule a former congressman from texas he has been not doing well with his companion but he has made gun control his signature campaign issue and he was asked about that here and he was very oh then think very strong he was even asked if he is willing to take assault guns away from people and he said hey hello the yes and it was a very strong moment a

farmers. even for unions they want that deal done. hopefully that will be put up to a vote very soon. there will be very little cajoling of the democrats because most democrat want it too but the usmca is ready to be voted on. it is finished. mexico taken the final votes. canada is willing to do that anytime we want them to. they're all set to go. we need that for all of the, we need that for our country. it's a great deal. great deal. thank you. reporter: for the prime minister, sir, your economy to some degree caught in the crosscurrents between the united states and china. what did you say to the president what your ideal out come of an agreement between the united states and china? >> thank you. obviously we're going to see the united states and china be able to come to an agreement. what is always necessary is deals have to be fair, deals have to be good deals. deals have to be sustainable deals. i think one of the things we've seen australia benefited greatly from the economic growth of china. we have comprehensive strategic partnership with china, a free-trade agreement with ch

. >> by the same token, the main union of agriculture workers says such a law would hurt the farmerselihood. for 10 meters, they say it is way too much. >> even that is unrealistic in certain cases if you take inhards or vineyards, and the champagne region, sometimes it is two or three rows. --the proposed consultation >> we are not relying on what so-and-so may think, i am relying on what the agency for agriculture or and food security recommends. it says fiveve meters for low-lying crops an1010 meters for h high ones. >> if it passes, france would be one of the first countries in europe to create a minimum safety distance for spraying. step forant recognizing the dangers of pesticides, but one that has already created much ire all around. >> our top headlines on france 24. the new incoming president of the european commission announces her topic for her 27 strong team. von der leyen promising a more representative and inclusive team of commissioners. the british parliament is suspended for five weeks, but not before mps reject a second request by the prime minister for a snap elect

the republicans love it and frankly, labor loves it, unions love it, farmers love, love, love it. and everybody wants it. your farmers, your ranchers, everybody wants it. it is an incredible agreement and mexico is already passed it and candida is ready to pass it as soon as we do. maybe they don't trust us. that is why. why aren't you passing it now? they say, we will pass it. they will pass it as soon as we o. past leaders invited china to reely loot and pillage the united states economy. china has been taking out from 300 billion to $500 billion per year, billion, not million, billion. think about what $500 billion is. we have rebuilt china. now, it is a different ballgame. somebody had to do something with china. president obama should have done t. president bush should have done it. president clinton should have done it. they all should have done it. frankly, they all should have done a lot of things that we are doing right now. so if you look at it, nobody did it, so i am doing it and that is what is going to happen. we are doing well. now, we are taking in billions and mill

vote and make it bipartisan and she will have tremendous them a credit support, the farmers wanted them of the unions come of the manufacturers wanted and by the way, 600,000 manufacturing jobs in this country, remember, you would need a magic wand, you can't do that anymore, will we did it. put upve got a get usmca for a vote by the democrats. in my first week in office, i proudly withdrew from that jobs destroying tpp catastrophe. [applause] replacing one of the worst trade deals ever made by country. you can go back as far as you want, nafta, the disaster of nafta. so whatever you do, start talking to your people, we need a vote on the usmca. that's united states mexico and canada and they have already voted. and we want it and it's great for the farmers, it's great for everybody. we are also aggressively combating a problem you have a north carolina, problem we have almost all states, the opioid epidemic. last year, we saw the first nationwide decline in drug overdose deaths in nearly 31 years. [applause] at the center of the american drug crisis is the border crisis, criminal cartels smuggle vas