froman, it looks bad. it is not the right thing to do. of the chapters is around financial regulations and certainly people are concerned when you see not only mr. froman but others involved in trading the big banks when they go into the federal workforce. it just looks bad. everyone should be smarter. >> i was taken by his argument. i want to play this clip. the key argument is that globalization is here and here to stay and we are going to deal with it. here it is. >> our trade policy has evolved substantially from what it was 20 years ago. many of the criticisms of it have not. some i hear of our agenda describe the policy in 1994, not 2014. these are criticisms of a trade policy this president has rejected. >> so i guess this isn't going to be another nafta deal. all i heard from lawmakers is this is nafta on steroids. we are accumissuming from talkid looking at language it has a lot of the same bad provisions that have cost american jobs. and i know that -- i think more of this is about how we compete with china and that region than

trade representative michael froman have agreed to hold a one-on-one meeting on monday. they're trying to narrow gaps over tariffs on farm products. >>> home prices continue to rise in many major cities in china. the uptrend has touched off speculation that frustration may grow among people who can't afford new homes. china's national bureau of statistics released the results of its monthly survey of new housing prices for 70 major cities. they showed that prices went up in 62 of these cities in january, from the previous month. guangzhou posted the sharpest rise of 0.7%. beijing and shanghai somehow 0.5%. observers say the government may come up with steps to bring these prices under control. >>> time to check on the markets now. the better than expected economic data out of germany is pushing the euro higher against the dollar. the single currency shot up after a german business confidence survey showed its best reading since july 2011. the euro/dollar is at 1.3759-3760. meanwhile the dollar/yen is now being quoted at 102.38-39. little changed from the levels in late a

and this man, michael froman, got over $4 million when he left citigroup to become the current u.s.rade representative. now, both are no doubt honorable men -- they are all honorable men -- but when push comes to shove, and the financial interests of huge corporations are on the table, we can only hope they will act as independent men, not faithful servants of the deep state. but given the secrecy, we may never know. according to fang, many large corporations with a strong incentive to influence public policy give executives bonuses and other incentive pay if they take jobs within the government. among them; goldman sachs, morgan stanley, jp morgan chase, the blackstone group, fannie mae, northern trust. citigroup even provides an executive contract that awards additional retirement pay upon leaving to take a "full time high-level position with the u.s. government or regulatory body." i'm not making this up. you get a bigger incentive if you leave wall street to go regulate wall street. so it is the fox is groomed for the chicken coop, and the deep state grows fat on its prey. >> co

trade rep michael froman. stick around. ashley: google making every efforts to grow google fiber.le is hoping to expand to 34 cities in nine metropolitan areas. google invited cities to build the infrastructure and do all the legwork as head of google fiber acknowledges that is really big job. it is scheduled to run 100 times faster than regular broadband connections. >>> on line retailer buying physics labs, computer graphics company that makes 3-d models of clothing. ebay is hoping to grow its share of online apparel purposes but not disclosed how much it paid for startup. shares of ebay up a little more than 6% last year. up a little more than half a percent today. >>> update on a story we brought you earlier this week. the department of homeland security scrapped its national license plate tracking plan. that plan, that would have helped immigration and customs enforcement agents has been taken off the table after privacy after advocates raised concerns. sandra: top trade negotiator is on the way to singapore for a new round of trade talks after returning from mexico with the

trade representative michael froman for example received over four million dollars as part of a multiple multiple exit payments from the when he left citi group to join the obama administration meanwhile stephan selig the former bank of america employee who was tapped to serve as undersecretary for international trade at the part of congress received more than nine million bonus pay as he was nominated to join the administration october i mean should be should anybody be paid nine million bucks by their employers as they go into an administration this is happening under both presidents of both parties for you know basically the better part of a ball forty or fifty years and b. doesn't this raise questions just about the whole negotiating p.p. and secret process all this other stuff. so i think there are two issues here the first issue is that kearney ism is a huge problem here completely right that you know this sort of open door sliding back and forth. from wall street to the head of the administration is a huge problem that's led to all sorts of regulatory advantages for kerney corpora

michael froman, he is the current u.s. trade representative working on the tpp. he is a former manager director at citigroup. he received over $4 million in exit payments from citigroup. he's a former bank of america investment banker. good job, if you can get it. he received a $9 million payment when he was nominated last year. he's yet to be confirmed. these payouts could be interpreted as big banks trying to get influence on public policy. that hurts, doesn't it? this shady tactic is nothing new and it's in writing. citigroup provides an executive contract clause that awards those who go work for the federal government or regulatory body. big banks and big corporations want the tpp to happen. this is influence. the table, you could argue, is easily being set by the big banks over the middle class. just like the rest of the ultra rich in this country. listen to a venture capitalist tom perkins. >> what is your 62nd idea to change the world? >> the tom perkins system is you don't get to vote unless you pay a dollar of taxes, but what i really think is it should

ambassador froman and i were working with their counterparts in geneva and director general to use that momentum to make progress on the rest of the doha mandate. but even if we managed to meet all of the goals, caps in a multi--- multilateral rulebook will remain. converges between eu and just positions on how to fill those gaps is necessary even if sufficient steps to its global rule-making. the role of ttip is therefore to find the solutions that can later be applied more widely. especially as they have already operating in 40% of the world's economy. looking further ahead, one thing about the 21st century is certain. it will be a multi-poor century, neither american nor european. the european union and the united states will still be important players but will have less weight than in the past. by 2050, our share of world output could drop by as much as half. that's a natural consequence of the spread of prosperity to other parts of the world, and as such it is certainly to be welcomed. it will, however, have an impact on the rules-based international system that europe and america

and mike froman, the u.s.oncerns that have to do with protecting wages in this country and environmental aspects of this. i mean, how do you interpret that any other way? i understand what you're saying about congress' duty. but they're looking for fast track in order because they say, you know what? if the president doesn't have this negotiating authority when you enter into these trade deals then other countries won't enter into the trade deal at all. >> that's right. and, chuck, i would just say this to you and i'll speak just personally for myself. i have consistently, in my time in the house of representatives, been opposed to fast track for any president, democrat or republican. i believe it gives up the constitutional authority of the congress. our only role is to rubber stamp a deal that has already been negotiated. we need to be involved in that negotiation. so, quite frankly, i honor the office of the presidency, but i do not want to give up any constitutional authority that the house has in this reg

froman even make a case 1979.time, offered to -- each no shortage that they thought it was a good idea to be able to do it. they were unable to deliver because that didn't represent the majority or they were threatened. ,he best example i can give you the summer 1967. two look atabout 80 creating this entity there and almost all of them said to the isreali interviewers we would love to have this, but we sign on the dotted line with you, we would be killed good the radicals they mention by name. scoot ahead to december 2000 said hel clinton -- he would love to sign on the dotted line, but couldn't rlc else he would be killed. a full circle. -- or else he would be killed. a full circle. there's no shortage of people even within the parties that would oppose to it. i sincerely believe that if it does to a referendum, israeli