steve: absolutely, so much to talk about with michael froman, former u.s.rade representative under mr. obama from 2013 to 2017. the theme of this is globalization, the asia perspective. let's get his perspective on this. mr. trump talked about a border tax and import tariffs on chinese duties of to 40%. he has talked about pulling out of tpp and nafta. are you pulling out your hair? he is undoing everything you have worked for for the last four years. mike: so far, the only one he has done is indicate the u.s. will withdraw from tpp, which i think is a terrible mistake and creates avoid that china is filling in the region and will economic butly our strategic position in the region, as well. we have to see how it plays out and whether congress plays a role as they traditionally have been trade policy, whether congress restrains him in those areas, as well. steve: do you think there is still a life for tpp? mike: i do. and week they met in chile discussed the possibility of proceeding without the united states. leaving the door open that the u.s. might join

ambassador michael froman joins us, and ambassador myriam shapiro joins us. great to have you.at to have trade experts to talk about the u.s./german relationship. clearly, this is critical for germany. we're the biggest buyer of german exports. the made in germany machine is doing quite well right now. what can germany convince the u.s. on its side of the things, why the u.s. needs germany from a trade perspective? >> well, germany's been a critical partner of the u.s. in europe, and chancellor merkel in particular has been a close partner of the last two presidents and working through a lot of the issues of the global economy. so, i would imagine she would want to talk to the president about how to make sure trade remains open between the u.s. and europe and to try to push president trump and has administration to take a more leadship role in the global economy. on the other side, this president is focused on the bilateral trade deficit with certain countries, including germany. and i imagine they'll want to talk about how important it is for germany to have more demand-led gr

trade rep michael froman about those comments and the future of trade policy in america. around. we'll be right back. nt. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line. what's in your wallet? ♪ >>> good evening, everybody. welcome back to "squawk box" here on cnbc. we're live at the nasdaq market site in times square. among the stories front and center this morning, luxury goods retailer tiffany's is expanding the size of its board by three directors. tiffany had announced its intention to do that back in february after a deal with dana partners. the board has now approved that move. tiffany is in the process of finding a new ceo after the resignation last month. >>> ibm and salesforce.com are teaming up. the two companies will integrate their artificial intelligence services and create a new suite of offerings that will be available during the second half

coming up today, continuing on your conversation, trade deficits an such, we'll meet with michael froman will talk to us about what he sees with trade going on around the world and both of those articles that you mentioned, we will talk to him about that. we'll also talk to him about the new healthcare plan that's been proposed by the gop. those on the right are calling it obamacare light. those on the left are saying it will leave too many people who are not covered still not covered. we will be joined by larry bucshon. we will also be talking venture capital with alan patricof and what he thinks about snap. >>> and our guest host from 7:00 to 9:00 is barry sternlicht of starwood capital, involved with everything from real estate to homeownership to oil and gas. even some other energy types out there. solar energy. wind energy. we'll talk to him about a lot of issues coming up. and we have bob dahl, who will be our guest host from 6:00 to 7:00. >> sounds good. >>> coming up, a rally taking a pause. we'll get you up to speed on the trading day ahead. as we head to break, don't miss wilfr

i think ambassador froman did a markable job in a variety of areas and we should take advantage of that work. i'm in agreement with you on that. >> thank you. if you look -- there's talk about building a wall along our border with mexico. a lot of people think that folks are coming into the united states are mexican. they're not. they're going back from the u.s. into mexico than coming the other way. nafta worked pretty weller in mexicans. a more vibe brat middle class -- vibrant middle class than 20 years ago and they're our top customer for american -- in whole world and canada may by month the last or worst. they slapped a tariff on poultry. your thoughts on fixing that kind of imbalance if we have the chance to renegotiate nafta. >> well, i hadn't really rised that had that high a tariff. i agree it's something we should look at. i'm sympathetic to anything that has the potential to lead to more u.s. exports. so, i'm agreeing with the senator. it's something that when we sit down with canada we should rates that and a variety of other subjects raised by the committee. >> thank you.

trade rep michael froman will join us ahead of the president's meeting with german chancellor merkel. down about ten points. back in a moment. ♪ (music plays throughout) ♪ ♪ ♪ ♪ ♪ e*trade's powerful trading tools, give you access to in-depth analysis, and a team of experienced traders ready to help if you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade ltry align probiotic.n your digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. >>> welcome back to "squawk on the street." i'm seema mody. stocks are trading in a narrow range here on friday with health care among the worst-performing sectors in today's trade. it's really the biotech sector that is weighing the most on this unhealth care as amgen shares fall about 6%, one of the biggest movers in the nasdaq biotech index. disappointing results from amgen's latest cholesterol-lowering drug, so investors are digesting that news. health care as a

. >> reporter: steve and a allison, parents i talked to say those assurances froman superintendent jacksome hard answers too tough questions they expect toxc ask him tonight. here's what onn parent had to tell us a littleie while ago. ago. >> i would just expect that tha people have a betterette understanding as to how peopleel are admitted into the school, what kind of screening happens p before kids admitted to make t k sure that, you know, bad guysuy aren't coming in the school.oo obviously these guys werethesgus animals and they should neverdev have let -- been let in. >> that has been large the hidden e in maryland public schools schoo exposed in very violent way herr at rockville high school afterlr that 14-year-old girl wasirl w dragged into a bathroom and brutally raped by 17 and 18-year-old both young men we mn now know illegal immigrants whoo were enrolled as ninth graders.. what concerns parents most theye say is the potential for these e older teens to be mixed in witht the youngest of students.s. here's what superintendent jackr smith had to say about that.. >> our student

froman historic moment which there is no return some of those were the words of prime minister theresaoment from which there can be no turning back. britain is leaving the european union. we are going to make our own decisions and our own laws. we will take control of the things that matter most to us and we will take this opportunity to build a stronger, farrar written -- fairer britain. jon: joining us from westminster, nejra cehic. the day is finally here. talk about the next two years. >> that is what the focus is on now. that letter has been signed, sealed and delivered to the eu. the divorce papers have been submitted. given the tones we've had from the u.k. and the eu side, it seems this divorce is going to be conciliatory. theresa may talked about a deep and special relationship between the u.k. and the eu and from the eu side, there were some hints of emotion and donald tusk's statement. one of the key things going in u.k. wants tothe come to some sort of free trade agreement with the eu simultaneously as it discusses those conditions for exit. already, we are seeing that that

barred fromans entering north korea are on their way home. the sierra club and five other environmental conservation groups sued in federal court today just days after native american groups filed a similar complaint. challengeare likely a to the president's decision. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. oliver: we will break some news here. the former south korean president has been arrested on bribery allegations. is an ongoing investigation by south korean officials into allegations that the former president abused her powers and colluded with longtime friends and colleagues to get bribes from south korea's largest businesses. this is the south korean central district court approving an arrest warrant for the former president. this is bloomberg. ♪ oliver: this is "bloomberg markets." let's turn to the topic of activist investing and bill ackman's stunning admission that his investment in valeant pharmaceuticals turned into a $4 billi