g.d.p. doesn't measure growth it measures how in all the growth in america of g.d.p. since two thousand and eight has been the banking sector the fire sector finance insurance and real estate it's fictitious broke in the west china has avoided fishes wrote and it's pursued the kind of growth that doesn't show up in g.d.p. namely low cost services provided by government investment that isn't counted in in the g.d. so a china does not follow a statistical measure of growth like the west in china statistics that are talking about real growth their growth is continuing is not taking the form of a construction life as it was or is not taking the american form of increasing banking is not them taking the form of increasing debt service life in america but i can assure you that the economy is continuing to grow just as it was before but this doesn't show up in the g.d.p. statistics because they don't follow the g.d.p. statistics that are designed by the financial sector to celebrate itself ok let's look at the other side of the equation or let's look at america even courser r

g.d.p. doesn't measure growth it measures how in all the growth in america g.d.p. since two thousand and eight has been the banking sector the fire sector finance insurance and real estate it's fictitious growth in the west china has avoided fictitious wrote and it's pursued the kind of growth that doesn't show up in g.d.p. namely low cost services provided by government investment that isn't counted in in the g.d.p. so china does not follow a statistical measure of growth like the west in china statistics that are talking about real growth their growth is continuing is not taking the form of construction life as it was or is not taking the american form of increasing banking is not them taking the form of increasing debt service life in america but i can assure you that the economy is continuing to grow just as it was before but this doesn't show up in the g.d.p. statistics because they don't follow the digital piece that just picks they're designed by the financial sector to celebrate itself ok let's look at the other side of the equation or let's look at america

even though much of this g.d.p. growth might be repairing massive environmental damage and is so is not a net benefit to humanity as a whole broad as i would nurse present thank you both that's it for the show we're back on wednesday world refugee day till then people talked with us about social media we'll see on wednesday wolf tones birthday i'm one hundred eighteen years to the day the mother that you can learn your the hets one movement for u.s. marines and beijing's books are about. when a loved one is murder it's natural to seek the death penalty for the murderer i would prefer it be to win the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict just found innocent the idea that we were executing innocent people was terrifying and there's just no way that doesn't mean that we're even many victims' families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' familie

united states are simply at the end of an economic cycle that has brought low unemployment stronger g.d.p. growth i mean even the fat is optimistic they started raising rates so they can foreshadow the end often economic cycle in the long term so investors keep looking to feed ahead right now taking profits before they might reconsider and even leave the markets i mean the world bank said in their relation of tariffs could translate into a global trade flow decline over nine percent similar to the drop that we saw during the financial crisis and then again there are signs that won't even be able to realize these terrorists we just heard that senator bob corker and bill showing these terrorists won't be as easily imposed as a thought maybe another reason why the markets reacted really calm today so we know the trump is to reduce the trade deficit is the strategy working. right it is indeed a seven month low at the moment so it seems to be working on the first fight but firm and then the say these numbers can be misleading and that becomes obvious when you dig a little deeper so you can see for exa

are going to hurt american businesses and consumers and that again would to harm the economy and g.d.p. growth as well and that would be definitely a problem where you are now it's the end of the week so see how did the markets close and what's coming up next week well this week it was all about trade and at the same time it was and it can be pretty confusing what the markets are making out of potentially consequential use investors have said simply have been good in creating their own buying opportunities they act concern the one day and then they simply jump back into the market the next day at lower prices of course one economist i talked to said right now markets are simply not a good indicator for the u.s. economy a trader told me investors have money that they want to invest and they do it now while the markets are still op and this is exactly what's going on right now and the focus next week is probably going to be on the meeting off the f. o. and c. and they're really likely to raise rates and other times so fishermans key for us in new york thank you very much and have a good weekend.

decreased the g.d.p. growth which has them. inspired the government to go to the private sector and invite privatization and ears saying of course then you're just privatizing the corruption i get that so why would do then make the next step and say that they have a political and philosophical ideological problem here because they have not experienced a wholesale collapse not sense the nineteen thirties maybe has there been a huge collapse in china you know and so how do they get if the people are in revolt and they have a history of revolting i mean how they going to calm folks is the trick question maxed the slower the judy.

you have to see stability for our g.d.p. growth to improvement -- improve.lly it will stay at 4% and hopefully the tariff are a negotiating tool. >> jason: he became president trump because he got the blue collar democrats to vote for him. >> melissa: thanks, guys. more "outnumbered" in a moment. don't go away. - [voiceover] this is an urgent message from the international fellowship of christians and jews. there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - this is a fight against time. what we're dealing with is coming out, meeting someone who's 85, 90 years old, can't get around, has no food, has no water, and just wants to give up and die. and that's where we come in. we are called to comfort these people, to be a blessing to their lives. - [voiceover] for just $45, we'll rush an emergency survival package to help one desperate elderly person for a month. call right now. - [eckstein] call the number on your screen. - in ukraine, there's no supper network. they don't have food cards or neighbors that come in to

g.d.p. for economic growth going into the third and fourth quarter of this year you mentioned there in passing inflation did you know that inflation seems to be right where the federal reserve open market committee says they want it and you have prognosticated accurately in the past and i assume that you were have done the same thing in this case you think they are going to raise interest rates from one point seven five to two percent tomorrow at the end of their meeting. i do i think that they would risk actually shocking the markets if they don't i'm going to be looking for the other announcement there were there were rumors on the wires that came out this afternoon that powell was considering implementing a press conference after every have seen meeting if that's the case part we're no longer talking about g j l after june what's going to happen in september we could be talking about what's going to be happening at the meeting in between june and september if jay powell is going to actually be a mature adult and have every single f o m c meeting be alive instead of half of them being neutra

consumers and consumers are having a rough go of it already let me ask you a little bit about g.d.p. growth it's not final until the end of the month of course but we do see g.d.p. it looks like it's growing stronger than it did in q one and we've spoken to about that in the past but what do you make of it now and where do you think g.d.p. is going for the rest of the year. well you know it's easy enough to paint a picture of an extremely strong second quarter as you say we've only got a few weeks left before the june quarter ends but there are many economists out there i'm actually of the opinion with them that we could see a four percent print in this year second quarter we've had an extraordinary confluence of factors that have come together that have produced outsized growth in the current quarter but the question is it goes back to that inflation first question you asked me look the trades and tariff talk may have forced some some blind buying some panic buying on the part of manufacturers but take one example of washing machines bart washing machines you think i've lost my mind but in

the g.d.p. growth, this is the slowest expansion on record. the numbers prove otherwise of what you say, but the most important thing proves people are working. people care about the security of their jobs and security and safety of the country. and i feel very thankful that next week, our president will be sitting down with the leader of north korea with the hopes that we can make this world more secure. we are building the security of jobs. we are building the security of the world. and i would firmly believe, let the american public judge, are they better off today than they were a few short four years ago. i don't need numbers to show it. but i can see the jobs, the people, and i'm proud of that fact. and i ask, mr. speaker, the other side, follow through. i have heard time and again, i would never shut the government down. we wouldn't go that political. but when the day came, they did. politics and the election is over. let's put people before politics. let's make sure this country is secure economically and secure with safety around the

but if you look at the share of in g.d.p., the contribution of exports to g.d.p. growthimates of how much the proposed tariffs might shaif off of -- shave off of china's talkingrowth, we're not about very large numbers here. i think it is important to keep notgs in perspective and necessarily link the chinese performance or attribute the theormance entirely to trade tensions. there's a lot more going on that onshore investor attention here. >> the u.s. accounts for about 3% of g.d.p. it's a fraction. >> and that's even a high thosete, because a lot of are imported components, right? probably more like 1.5%, 1%. issue, butplay the in a macroeconomic sense, it forldn't be too disruptive the earnings profile of the economy. >> where it's going at the 10%nt, you can see a decline. so to just negate that -- it that anyway,gate wouldn't it? >> that's true. want more- they flexibility. as the dollar appreciates, cny depressure yaits, because that's -- depreciates, because that's just of the coin.e t stronger dollar as a result of these trade measures here. for a tripletation r

a figure i think it was from ford's they're expecting a thirty one billion dollar increase in g.d.p. growth over a ten year span so this will do a lot for russia in the long term and they're expecting the economic impact of football and soccer see for stock us thank you for joining us stay pretty shipment of thanks mark. and before we go on a programming note next week we have a three part series on the health risk associated with the use of cell phones the global revenue from smartphone and cell phone sales last year amounted to four hundred eighty billion dollars and the number of mobile phone users in the world is expected to surpass the five billion dollars mark next year at twenty nineteen and this is a timely talk a topic of interest a majority of people around the world are to correspondent dan cohen has put the series together and he joins us now dan tell us what we should be looking for next week well i think we all know intuitively that staring at a cellphone keeping it up to your faces for too long is not really good but it turns out there are really serious health risks to cell

growth year over year a smidge over 3%. and the atlanta fed said second quarter g.d.p. will be high enough to make the year over year 3.1%, 3.2%. if you see in this chart we have a trend break. new normal of low growth t no, which is 3% growth that america use to expect. in this chart i want to show something we begin talked about in the fall which is one of the reasons why we have low growth in the previous administration is it was so anti-business and it was basically discouraging capital formation in the u.s. with inappropriate tax policy and high regulation. and you can see that in the data if you look at, for example, the blue dot from q-12014 to q-42015, business capital spending barely increased at all. even in preelection 2016 it stayed at about the next level. but subsequently after the election, already we started to see a big increase in business sentiment, capital spending started to go up. now that we passed the tax bill, then you can see capital spending skyrocketing as we said last fall and that higher capital spending is one of the key factors driving gro

united states are simply at the end of an economic cycle that has brought low unemployment stronger g.d.p. growth i mean even the bad is optimistic they started raising rates so they can foreshadow the end off an economic cycle in the long term so investors people looking to feed ahead right now are taking profits before they might reconsider and even leave the market i mean the world bank said in their bill ation of tariffs could translate into a global trade flow decline of nine percent similar to the drop that we saw during the financial crisis and then again there are signs that won't even be able to realize these terrorists we've just heard that senator bob corker and bill's showing these terrorists won't be as easily imposed as a thought maybe another reason why the markets reacted really calm today so we know the trumps aim is to reduce the trade deficit is the strategy working. right it is indeed a seven month low at the moment so it seems to be working on the first side but from and then the say these numbers can be misleading and that becomes obvious when you dig a little deeper so you

terrorists are going to hurt american businesses and consumers and bet again to harm the economy and g.d.p. growth as well and that would be definitely a problem where you are now it's the end of the week so see how did the markets close and what's coming up next week. well this week it was all about trade and at the same time it was and it can be pretty confusing what the markets are making out of potentially consequential use investors have said simply have been good in creating their own buying opportunities they act concern the one day and then they simply jump back into the market the next day at lower prices of course one economist i talked to said right now markets are simply not a good indicator for the u.s. economy a trader told me investors have money that they want to invest and they do it now while the markets are still up and this is exactly what's going on right now and the focus next week is probably going to be on the meeting off the f. o. and c. and they're really likely to raise rates and other times so fishermans key for us in new york thank you very much and have a good weekend

that we were just too spoiled lately with a good numbers here from the blue chip index from the g.d.p. growth i think one thing is very clear and that's also what investors are telling me that the big boom is over and it's going to take some time until this and you will have this speech once again right resting when all orals a lesson to be taken from the world cup daniel koch for us there in frankfurt thank you. well bricks and mortar stores are losing out to online giants like amazon the appeal of ordering from the comfort of your home having approach says delivered straight to your door is obvious that is so until they arrive late or get lost along the way now as it is trying to get entrepreneurs to set up their own delivery services these great bands could help ease amazon so called last mile problem the number of online orders is on the rise and customers expect quick delivery to their doorstop that's why the e-commerce giant wants to build its own delivery services entrepreneurs can lease divans from amazon and set up their own fleet far on ten thousand dollars. we've got great uniform

we estimate that by the end of this year, that is impacting g.d.p. growth by .1. you might say so what? the economy has been fundamentally sound. we're getting good, real data on the economy, but there can be cumulative impacts that start to build here. what about the next round of $50 billion? the next round of $50 billion. what about the $200 billion is that president trump announced last night? and then the kicker would be, if you add auto tariffs to all of that, which we have readied in our pocket to deploy depending on what europe's response is to the expiration of the steel and aluminum tariff exemption. you can start to see impacts build on one another, and certainly we know the federal reserve has not taken into account possible trade impacts. he was saying it was a low risk before, and probably become a more prominent risk. but i doubt that any of the policy makers have started to think about these impacts in terms of how it might be reflected, but certainly going into the september meeting, they've got to build in these july 6 tariffs that are set to tak

if you look at most of the estimates to what this is going to do to g.d.p. growthr -- you could make the argument it's due to the stimulus we put in place starting late last year. tom: i want to go to one of the things you are truly an expert in, and thais the intellectual transfer between the united states and china. there's a big deal with this in the new book "the third revolution." you're the expert on solar academic dynamics. are we doing a brain drain back to china? is the bottom line is we're taking our intellectual capacity and it's going back over to china? how do you respond to that when you hear it from people concerned? mary: well, there certainly is going to be some leakage or drainage back to china. that's just the reality. i mean, we know even from the military realm that we cannot lock our borders to the leakage what we have to do is be smart about how we protect it and understand that some of it is going to move. i don't think the current moves are very smart. for example, we would do well to keep the smartest minds here in the united states. we wo

as we know in the next quarter, it looks like the economists expect 4% g.d.p. growth. that is impressive. in addition to that, the president obviously focuses on the interests of america's national security. and, of course, that means having very strong relationships with our allies. the president is a coalition builder with other faces. of course, he takes risks. he goes over to north korea. he meets with kim jong un. he is able to move forward in terms of denuclearizing the region which is incredibly important for world peace. in addition to that now he is looking to meet with president putin. this again is an opportunity to talk about a range of national security issues that are critical for our country. >> will the president be talking to putin about cyber warfare? the issue that seems to be on the front burner in this country. election interference? >> the president will talk about a range of issues including syria, iran as well as north korea. i think you will see again, the president will bring up a variety of issues with president putin. this is an opportunity

coming that was the first quarter where m2 growthyear, slipped below year over year nominal g.d.p. growthnce late 2010. that's a big change. the idea is for years and years, wasrate of monetary growth far in excess of what was needed by the real economy. changed.has now so we think just the liquidity available for financial assets, principally stocks, has lessened here over just the last quarter. mean, that's the big turn here just in the last three, four months. >> so that tightening everyone talking about between rates and the runoff, starting to show up in the data. thing that's interesting about your portfolio, you're into tech but not so much the fangs. so why not the fangs, and where do you see opportunities still in tech? >> our quantitative work is largely done at the industry basis, so none of the groups in which those fangs ourently reside rate on attractive list. it's not like i have anything against those companies collectively.r i mean, the valuations certainly are high. groups justdustry don't qualify on our attractive list. what we have, for quite some we bought this group

g.d.p. growtht's at faster pace than at any time during out 8 years of obama u oh, yeah, and president trump is still in office, no legitimate threat of impeachment. not a shred of evidence about trump, russia collusion. constantly wrong on out fox news media. overpaid lazy so-called journalists, really? it makes t look back when out president is successful and it helps the country and our world. for democrats they want to get back in power, i get it to be successful that doesn't help them. once again, this has been on a grand scale. people have under estimated donald trump again and again. even sadly some want him to be failing so they can be proven right. and many are incapable of ever reporting objectively on this president. my some are saying trump wasn't prepared for the summit. they will never win, watch this. >> yes, preparing for this all along in his imagination. there is a difference between studying up for it. this is not a dog that likes to learn new tricks. he relies on the same statem

we talk about the g.d.p. growth and wages and the number of jobs that are available out there for people. a lot of that is contributed to the tax cut and the job act of the republicans in congress and the president worked hard to pass. unfortunately, that so many democrats in the states he won in 2016, senators like claire mccaskill and bill nelson voted against. the constituents will hold them accountable in november. >> harris: missouri, florida. david, this is interesting. sometimes the president doesn't get credit for the job creation now. that it was somebody else's, the previous president economy. that aside there are bright and shining spots. we have more jobs than people applying it at this point. >> the economy is doing well. the voters will look at that when they look at who they vote for. but the question is do we want just tax cuts or do we want to actually invest in what is happening to the people in this country who are really hurting the most? to be honest, if you look at the long-term pra -- long-ter

said the atlanta federal reserve has the calculation for this quarter at this moment at a 4.6% g.d.p. growth, would you have worried about my mental health. well, it turns out that's actually what the number is. the odds are it doesn't stay there. and it's going to go through cycles. but that number is stunning. and the bias has been actually over 4% in the last handful of data points. i know i'm back to speaking like an aountant steroids. but the fact of the matter is we have some pretty rough things as a society. us. we're getting older very fast. we have tremendous unfded liabilities in medicare. we have issues on social security. and we will find a way to keep our promises to those folks who have paid into those programs. turns out making the math work is a lot easier if you have a society and economy that has been able to hold economic growth than one that's been in the troughs as we were for the previous decade. d how do we sort of tell that story to folks who may be on the left or those who are just trying to raise their families or those of us who are, our constituents are paying atn

consider that over the next decade if not longer, we have been able to scratch the surface at 2% g.d.p. growth. after the tax cuts and jobs act and more repatriation, and labor and capital coming together cause our tax code now incentivizes labor and capital to come together, we are seeing wages going up and more capital investment and bigger paychecks and seeing economic growth at ver 4% and utility companies offer rebaits because they have to pass through the savings they got from tax reform to customers. . it is remarkable how so many of our friends in the fourth estate seem to have forgotten all of the warnings about tax reform and tax relief. oh, i remember it well, mr. speaker. last fall, last winter. this is going to be crumbs, it's going to be armageddon. it's going to be a disaster if we pass the gatest tax reform in over three decades. some of us on the other side of the aisle, the republican side of the aisle, said, wait a minute. sesket treasury -- secretary of the treasury in the 1920's first embarked upon increasing the return for labor, for capital investment, for economic growt

consumer confidence at a 17-year high and small business optimism at an all-time high. 4%.g.d.p. growth at let me share i have read the book of revelations. this is no arm georgia deadon. this is a strong economy fueled by tax cuts and regulatory reform. mr. speaker, america is back. we're open for business. and americans will continue to benefit from the pro-growth conservative policies of president trump and this republican congress. mr. speaker, i yield. >> i thank the gentleman and i yield four minutes to the gentlelady from kansas, ms. jenkins. ms. jenkins: i thank you for leading this. i come to the floor this evening to discuss the tax cut and jobs act. as a c.p.a. i knew it would make us competitive in a global economy and lead us to jobs and prosperity for the american people. i saw the old tax code was a excessive time for companies and individuals to file. streamlining the alternative inimum tax are two examples to have this for millions of americans. the rhetoric can get out of hand. let's look at some of the biggest claims about the bill and what the reality is. . one thing

the growth in g.d.p. . just. talking of sanctions they have been harmful. everyone and so everyone is interested in the lifting of sanctions in we are interested. you would get rid of sanctions. we realize that every day you country individually. and you might find it difficult to talk about it i don't want to give you the reasons for it but everything is that it's happening in india politics doesn't prevent us from developing our ties with austria and we will do whatever we can to continue this going forward into the plans that i just mentioned. we. have had to cover. here and i thought that. when you rick.

the g.d.p. growth, this is the slowest expansion on record. the numbers prove otherwise of what you say, but the most important thing proves people are working. people care about the security of their jobs and security and safety of the country. and i feel very thankful that next week, our president will be sitting down with the leader of north korea with the hopes that we can make this world more secure. we are building the security of jobs. we are building the security of the world. and i would firmly believe, let the american public judge, are they better off today than they were a few short four years ago. i don't need numbers to show it. but i can see the jobs, the people, and i'm proud of that fact. and i ask, mr. speaker, the other side, follow through. i have heard time and again, i would never shut the government down. we wouldn't go that political. but when the day came, they did. politics and the election is over. let's put people before politics. let's make sure this country is secure economically and secure with safety around the

>> thank you. >> more estimates pointing to 4% second quarter g.d.p. growth.upplement in drug stores nationwide. prevagen. the name to remember. . . to wait for the future. i destroy brain tumors with nanoparticles. i see breast cancer others can't. i create a biotech revolution with smart cancer drugs. i speed life-saving discoveries to life. i am the miracle of science with soul. and i live in city of hope. >> president trump calling out inspector general report. >> there was no collusion, there was no obstruction. if you read the report, you will see that. >> manafort in federal custody as judge revokes 10 million-dollar bail. >> indictments are not supposed to have any real impact. why does the government get the win without a hearing, without a trial, i think it's very, very unfair. >> the media in full meltdown mode over president trump immigration policy, some outrageously claiming that they are running prison camps. >> they have play stations, pool tables. >> they are kind of in this echo chamber and the party of tolerance and acceptance is only accept

and now we are predicting a 3.5 to 4% g.d.p. growthre is a big contrast between the consequences of these positive results and the consequences of appeasement by the previous administration. ed: herman, we have only got one minute. it goes even further. as you know the atlanta fed i believe a couple days ago g.d.p. could actually reach 4.5% in the next quarter. and you have got this 6 month anniversary of the tax cut. the president cutting all these regulations for over a year now. there has been an impact. >> there has been an impact. this is why the democrats' heads are exploding. because they are trying to distract with all of this negative rhetoric. elizabeth warren talking about ripping babies from families. they have been exercising these procedures for two and three administrations now. and then with hel gillibrand talking about abolishing ice with no idea how to do things differently. that's why they are saying all of this poisonous rhetoric and doing the things they are doing, because they know the new g.d.p. numbers, the job

now talking about a economy where we may get 4% g.d.p. growth going into 2019. it can't happen. and they are rooting now for a recession. it's unbelievable. we are going to simply root against success of the american people for keeping donald trump. pete: can't run on your own idea. abby: some people hate donald trump that much. what do you think about what bill maher said? friends@foxnews.com. want to bring you other headlines. we do begin with a fox news alert. a u.s. soldier is dead and four others wounded after an enemy attack in somalia. al shabaab opening fire on the troops. the conditions of those wounded and their identities have not been released. president trump tweeting, this quote: my thoughts and prayers are with the families and servicemen who were killed and fellow servicemen who were wounded woud in somalia. they are truly all heroes. search for the body of a woman feared dead after an alligator attack. this after wildlife officials found an arm inside a 12-foot gator. police say the 47-year-old was walking her dog near a lake in davey when she d

g.d.p. right up to one hundred thirty two percent in twenty seventeen rome is planning massive tax cuts to stimulate long term growth in the short term however this will likely lead to shortfalls in revenue and even more debt now the direction of italy's new administration a coalition of populous from both sides of the political spectrum is anyone's guess this uncertainty however can be felt at present in the southern italian city of toronto. finch inns of court choice has been working at the steel mill for twenty years he takes us to the cemetery to explain the problem caused by the mill he shows us how everything of the cemetery has turned red the steel mill is the problem the red eye and oxide particles and unhealthy dust which descends on the inhabitants. that thought it was just too much after a while it got me really really angry because i had the bad luck to see lots of colleagues and friends die or get sick from the dust. thirteen thousand people work in the steel mill which used to be state run it can be seen best from the roof of the church now us law mittal is taking over the company and wants to cut thre

it's drawing up a europe's been praising the latest growth figures as a success story but debt is still at one hundred seventy seven percent of g.d.p. and in an exclusive interview with g w get this put it to mr that effect this that he was ready to let years and collapse back in twenty fifteen look i am a committed you to be honest my every speech i gave was all about what we need to do in order to save the eurozone and save the european union but at the same time i was saying we are not going to save the euro zone and save the european union if we keep extending the getting the debt crisis into the future by means of more loans from the german and the slovak in the portuguese taxpayers that are given to any bank of the greek state on conditions are going to be that the greek state will not repay them i was x. three of them because i could see that what europe was imposing upon greece was not just but for greece but it was also bad for europe and the result is a very now being that migration minister in italy speaking about greece you famously said that greece was fiscally water boarded by its creditors and compared the eurozone t

g.d.p. to one hundred thirty two percent in twenty seventeen romas planning massive tax cuts to stimulate a long term growth in the short term this will likely lead to shortfalls in revenue and even more debt the direction of italy's new administration a coalition of populists from both sides of the political spectrum is anyone's guess this uncertainty can be felt at present in the southern italian city of current or. engines of course choice has been working at the steel mill for twenty years he takes us to the cemetery to explain the problem caused by the mill he shows us how everything at the cemetery has turned red the steel mill is the problem the red iron oxide particles and unhealthy dust which descends on the inhabitants. that thought it was just too much after a while it got me really really angry because i had the bad luck to see lots of colleagues and friends die or get sick from the dust. thirteen thousand people work in the steel mill which used to be state run it can be seen best from the roof of the church now us law mittal is taking over the company and wants to cut three thousand jobs fabio

nafta as well as imposing the steel tariffs we could see slightly weaker growth in canada perhaps or by about half a percent of g.d.p. over the next couple of years so it's a negative not perhaps a huge one but certainly a negative what what what what are the chances then that the the u.s. under try could actually walk away from nafta i mean there are questions in the us about whether he actually has the authority to do that by himself but putting that aside. given that given the current state of relations is it is that a real possibility well it did look rather unlikely a few weeks ago because the two sides seem to be reaching an agreement on the most controversial issue which is about cars and the local contents in the car export so we thought an agreement might just be reached but it's now looking less likely again and we have elections coming up in mexico which could result in a more populist president there who would be less likely to reach an agreement with the u.s. so i think that is a possibility i mean it's very hard obviously to read president trump's mind but it's a possibility but not perhaps the most li

g.d.p. was climbing and america's middle class was getting a huge share of all that growth. we were on a roll, and in the 1970's, environmental issues ve front and center, and the safety of american families came under review again. you know, this may be hard to believe for some people in this room, but back in the 1950's and 1960's, big american cities were smothered with thick layers of nasty, diy smog. people sucked down toxic chemicals on the way to work. little kids breathed in dangerous substances on school playgrounds. factory owners spewed their filth in the air and didn't care because they didn't pay the cost of pollution. the auto manufacturers weren't he responsible for tailpipe emissions from the cars they built. but the millions who suffered asthma attacks, developed lung cancer and died from heart disease because of dirty air paid a terrible price. during one thanksgiving week back in 1966, a severe smog crisis choked new york city killing hundreds of people. think about that. people demanded actn,utig corporations pushed back hard. big car makers said they uld