the president of germany, joachim gauck, has said, earlier this month, "with the inauguration of a newresident, we face challenges to the international order "and to transatlantic relations." germany and europe can no longer live as usual on the transatlantic partnership, can they? i am deeply convinced that they can rely on the transatlantic partnership because there is a strong foundation, the transatlantic partnership exists now since almost 70 years. there is a huge amount of common experience, of trust and confidence in each other and we have this transatlantic partnership because we share common values. but here is your president, who is stepping down in march afterfive years, and he's going through this period of reflection and he's saying that it has challenges. are you saying that his concerns are not valid? no, if he says it has challenges, i would applaud. because this is true. so what are the challenges? we have two major challenges. the first is terror on the causes of terror. the crisis in the middle east. the second one is cyberspace and manipulation. we will talk about

the president of germany, the joachim gauck, couple of thoughts. thejoachim gauck, a uniting force of the eu has declined significantly. president tom set up to brexit, countries can follow the uk's example and president xi jinping of china, the eu was gradually falling apart. three powerful voices, not much confidence in your. warning voices? different points of view? yes, the question thatis points of view? yes, the question that is in front of us, do we want this european union and do we want a european family or can live without it? am strongly in favour of a european union i think ourfuture and the tackling, the problem we are facing, when we am in the european union, ido facing, when we am in the european union, i do not think a single country of the european union, but even a large country like germany, can handle the problems as well as the european union can do it. member of the family, you said the family of the european union, a key member, britain, has decided to go it alone. theresa may said, we are not turning our backs on your up but

parade route as president andp -- see president gauck the first lady walking down the parade route.men's march this weekend. kevin: that is the more organized protest effort. starting tomorrow morning, thousands of women from across the country are supposedly organizing a protest for women's advocacy issues. that will again start at the capital and go down the capitol mall along where the inauguration was taking place today. again, when you look at the type of people who are out here protesting against donald trump, for a variety of issues, whether it is black lives matter, people who are here from a collegiate, those protesting at a concern for women's health issues, a large marge is expected tomorrow -- march is expected tomorrow and they are ready for that. scarlet: thank you. joe: i want to bring back elsa lignos, head of fx strategy at rbc. we were talking about the surprise ramifications, everybody focusing on mexico, but maybe people should focus on canada as nafta is renegotiated. tell us why people are underestimating the canada risk? greatit will not be so for canada, dona