mca is a win for mexico, canada, and the u.s. that will generate a new era of north american investment. we will be doing everything in our power to make sure it is approved by the u.s. congress. thank you again to american workers into a truly dynamic american culture that with your involvement and your investment continuously will reinvent itself. thank you very much, enjoy the rest of your day. >> i would like to say we had a successful day and witnessed by the speakers we had from the administration from the chamber across the business community, you can see the effort on forreston former investment. we will see what i can do for either your investment fund and we are eager to work with you throughout the year. we talked about the robust economic forecast for the year north of 33 percent that the value of human capital here in the u.s., the rule of law, the certainty, the tax of climate, all of these combine to make the u.s. the world's destination for global investment. we are very glad to have been able to do this today, we

mca as really a model he has done that in the past clearly, the chinese should be getting the messageg, we appreciate your views as always have a great day thank you very much. >> thanks, brian >>> am i the only one that thinks mc aand thinks about the beasty boys? >>> this morning fun facts about last night's speech. it was it is says third longest ever, coming in at 82 minutes. in case you are wondering, bill clinton holds the record for both the first and second longest speeches we also want to know president trump's favorite words we generated a word cloud from last night's state of the union. you can see the most words used were american, america, and united bringing us together, perhaps. we did a little more digging, and we compared some of the key worz used in last year's to this year last year the president used the word taxes 13 times. this time only four times. last year spoke about the economy three times. this time a little more. five last year he said jobs six times, and this year jobs were used ten times more focus on the economy. hey, we're making word clouds great agai

mca a lot of trade issues still outstanding. >> the u.s.white house has taken a fairly bullish approach with the expectation that this spring when the -- there are hearings, when there is an opinion about the economic impact of this, when the china situation has subsided, that that will be an easier sell to democrats and that will be had a more popular push on capitol hill than i think a lot of the committee leaders are thinking it will be behind the scenes you know, the white house is -- is certainly telling the president that this will be an easier sell. meanwhile, their conversations with members of congress are all about trying to whip some of these votes in favor of a deal that people have a lot of questions about still, so that's something that's certainly still outstanding, and we'll see when that comes to the forein the next few months. there are two republican operatives who are planning this big spending push to try to drum up support for the u.s. mca over the next several months because there's this idea that there are some of th

mca and canada to be ratified. >> sounds like you are doing a lot of education. >> i'm enjoying it. two quick questions before you go. , there waspanel still a sense that withdrawal is a threat, that the president in the u.s. might employ as a threat. does that affect your ratification process at all. how do you leave that to the u.s. side to debate. >> i think it is a u.s. decision. who wins a withdrawal? if you have an answer for that, then you have to follow the consequences. my personal opinion is that nobody benefits from the withdrawal of nafta because up until we have the usmca ratified to encrypt competitiveness and cooperation, to increase trade, if you lose that legal framework, what do you do? or more for you because am running out of time, you were in the room and am so curious because this was a very ,nteresting process to follow when did you know this agreement was coming together. or when were you the most scared of is going to fall apart? >> that is a good question. you know until the very last moment that the negotiation is going to include. you have a sense that th

mca which is going to be a great deal. by the way, the u.s. mca from mexico that is united states mexico canada, that's where the money is coming from, not directly but indirectly for the wall. nobody wants to talk about that. because we are saving billions and billions of dollars a year if congress approves that deal. now, they might not want to approve a deal just because they will say one of the things i'm thinking of doing, this has never been done before, no matter how good a deal i make with china, if they sell me beijing for one dollar, if they give me 50% of their land and every ship that they built which is a lot and they give them to me free, the democrats will say what a lousy deal. that's a terrible deal. like zte. i have a billion dollar penalty in a short period of time. the democrats said should have gotten more. when i made that deal, i said this is incredible. i got over a billion dollar penalty plus they change their board of directors. they had to pay over a billion dollars. i said what a deal. it took me like a week. and th

.- mca into law so we can bring back our manufacturing jobs and expand american agriculture, detect intellectual property and ensure that more cars are probably stamped with our four beautiful words. made in the usa. tonight, i am also asking you to pass the united states reciprocal trade act so that if another country laces and unfair tariff on an american product, we can charge them the exact same tariff on the exact same product that they sell to us. both parties should be able to unite for a great rebuilding of america's crumbling infrastructure. i know that congress is eager to pass an infrastructure bill and i am too eager to work with you on legislation to deliver new animal pardon infrastructure investments including investments into the cutting edge industries of the future. this is not an option, this is a necessity. the next major priority for me and for all of us should be to lower the cost of healthcare and prescription drugs and to protect patients with pre-existing conditions. already as a result of my administrations efforts in 2018, drug prices their single largest decline in 46

an agent named lew wasserman who represented mca, got the idea with jack benny on radio and then latern the movies to incorporate the stars, one pillar of the system. (douglas gomery) he had them set up an independent company and then pay the company, rather than the star. hence, it would be taxed at approximately half the rate. (narrator) with major company movies going to company cinemas first, independent theatres weren't able to compete. they could only show films after they were played out and forced by the studios to book their entire output,

it is as good as anything you will find out why mca.arents come from all over. >> there are not too many pools that are still around, and this is one-stop shopping for kids. you can bring your kid here and have a cool summer. >> if you want to see some of the youth and young men throughout san francisco play some great pickup games, come wednesday night for midnight basketball. on saturdays, we have a senior lyons dance that has a great time getting exercise and a movement. we have all the music going, the generally have a good time. whether it is awkward camp or junior guard. >> from more information, visit >> hello, i'm the deputy assistant manage and project manager for the control system bureau i consider any department as my extend family i know every member of my department the folks are that that talented and skilled and have their credentials since the people in the site are coming to before they're put in operation it's a good place to visit we share information and support each other the water system is a program we got 26 nat

mca instead of nafta. this is very much that same kind of deal. not that he's not getting anymore than he could have gotten in december. >> so would i show up tomorrow with my sports car, well, don is not paying for it so i am going to be on cnn a lot. this is crazy and it is all insane. >> you can give this to the white house. >> metro car. free ride on the subway. >> you can get a ride on the subway. actually, i need that back. listen, this is what the president tweeted tonight. he says i was just presented the concept of the parameter of the border security deal by hardworking senator rich shelby, looking overall aspects knowing this will be hooked up with a lot of money. we'll be getting almost $23 billion regardless of wall money. it is being built as we speak. $23 billion for border security, max, what is he talking about? >> nine-tenths of the times it is a mystery of what he's talking about. he'll somehow try to get more money for the wall and extra constitutional way out of money that's appropriated. i think the question now is don, how i

we are now facing a somewhat contradictory picture of generally strong us-mca row economic performance, alongside growing evidence of cross currents. at such times, commonsense risk management suggests patiently awaiting greater clarity. an approach that has served policymakers well in the past. with that in mind, i'd like to spell out how the federal open market committee has been thinking about these issues. at our december meeting we noted the solid outlook for steady growth, vigorous job creation and price stability. we also stressed that the extent and timing of any rate increases would uncertain and would depend on incoming data and the evolving outlook. we therefore said we would be paying close attention to global economic and financial developments and assessing their implecagses for the economic outlook. today the fomc decided that the cumulative effects of those developments over the last several months warrant a patient wait and seay approach regarding future policy changes. in particular, our statement today says in light of global economic and financial developments and m

it is as good as anything you will find out why mca.. >> there are not too many pools that are still around, and this is one-stop shopping for kids. you can bring your kid here and have a cool summer. >> if you want to see some of the youth and young men throughout san francisco play some great pickup games, come wednesday night for midnight basketball. on saturdays, we have a senior lyons dance that has a great time getting exercise and a movement. we have all the music going, the generally have a good time. whether it is awkward camp or junior guard. >> from more information, visit >> i'm warren corn field and we are doing a series called stay safe, we are going to talk about staying in your home after an earthquake and taking care of your pet's needs. ♪ >> here we are at the spur urban ken center and we are in this little house that was built to show what it is like in san francisco after an earthquake. we are very pleased to have with us today, pat brown from the department of animal care and control and her friend oreo. >> hi. >> l

mca and the impact and the chamber has been an advocate seeing that get through the congress.re issues to get resolved, namely the removal of steel and aluminum tariffs as a way to get that through the u.s. congress in a bipartisan fashion. i want to stick to china for a minute, i'm not letting you off the hook so easily. tell us a little bit about why are perception of what needs to be done to make this a good deal for the united states. do we need to see china move more significantly construct -- structural reforms. >> what is it in your view that would be a good deal for america? >> well, again, you know, the council of economic advisers which i chair, we put out a report on intellectual property theft last year that, you know, quantified a lot of behaviors that we think could be fixed. there's also forced technology transfer, forced joint venturing, there are a lot of practices that we documented in that report a year ago would be better probably for everybody if they were improved. so i think that there is a lot of room for improvement and i think that, again, i can't get

mca, and i won't talk china at the beginning but any questions you have on china i will be happy to answer as the negotiations continue. let me begin with this thought. the president view on trade, free, fair, and reciprocal. many of his critics, some including my conservative friends, have argued that he is a protectionist. i don't believe that to be the case. it is true i am the free trader in the building, but he and i've had long talks about this and i will come what would the phrase free trade, and let me put it to you beverly with this op-ed piece i woke -- road, -- wrote, which i collaborated with him trump, and his goal down the road is zero tariffs, and zero non- tariff barriers and zero substances. that is a long-range ago. it is a goal to which i absolutely subscribe. that would give us maximum freedom that would reward competitiveness, and unleash the american export sales. we have a very strong economy and i am very out of that and we are the hottest economy in the world today and the most competitive as we are back at the number 1 spot. open your doors, break down your barrie

mca? is it going to get ratified by congress in your judgment?s messy because mexico and canada will not ratify it --il we take away terrace tariffs on aluminum and steel, something the president has not done for anyone. that is one factor. democrats are criticizing the pharmaceutical aspects of this bill, of the usmca. the patent protection has been increased by two years. so it is 10 years. the tpp has eight years. so that is a major concern. the other concern is enforcement. the dispute mechanism, which is really being split into three. and then labor standards in mexico and a way to monitor it. this could get extremely messy. if the president decides to withdraw from nafta first, that will make it even more difficult. david: thank you very much carlos gutierrez, current chair of the operate stonebridge group. -- albright stonebridge group. this is "bloomberg." ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable

it is as good as anything you will find out why mca.arents come from all over. >> there are not too many pools that are still around, and this is one-stop shopping for kids. you can bring your kid here and have a cool summer. >> if you want to see some of the youth and young men throughout san francisco play some great pickup games, come wednesday night for midnight basketball. on saturdays, we have a senior lyons dance that has a great time getting exercise and a movement. we have all the music going, the generally have a good time. whether it is awkward camp or junior guard. >> from more information, visit . >> neighborhood in san francisco are also diverse and fascist as the people that inhabitable them we're in north beach about supervisor peskin will give us a tour and introduce is to what think of i i his favorite district 5 e 3 is in the northwest surrounded by the san francisco bay the district is the boosting chinatown oar embarcadero financial district fisherman's wharf exhibit no. north beach telegraph hill and part of union

mca, to us about the us that is still on the agenda for congress to ratify that.hat do you think needs to be done to the agreement to get the democrats to support it? rep. pascrell: i have a great deal of respect for donald trump's appointee to the position of representative, that is robert lighthizer. he has done a great job. however, you will not get democratic votes, unless there are changes in labor standards, not only in nafta, but other trade agreements. and we need to understand that they must be in writing, not some annexed. . and we need to have enforcement powers. if you cannot enforce the laws, what good is it? that was part of the problem of nafta. we are looking at the agreement. whether it is nafta or whatever you are going to call it. i would say that we have a lot of work to do. the more we allow the congress to be part of the negotiation, the closer we will come to a result. david: the president has indicated he might withdraw from nafta altogether, if you cannot get the new agreement through. what is the prospect of that and are you concerned abo

it is as good as anything you will find out why mca. come from all over. >> there are not too many pools that are still around, and this is one-stop shopping for kids. you can bring your kid here and have a cool summer. >> if you want to see some of the youth and young men throughout san francisco play some great pickup games, come wednesday night for midnight basketball. on saturdays, we have a senior lyons dance that has a great time getting exercise and a movement. we have all the music going, the generally have a good time. whether it is awkward camp or junior guard. >> from more information, visit >> i am so excited to be here to stand in this waiting room of this beautiful new urgent care center that will serve thousands of patients here at s.f. general. as our population continues to grow, it is more important now, more than ever to make sure our public health facilities are now up-to-date in the latest in technology and programming, but also, resilient and strong, and in the event of a major earthquake, or any other disaster tha

i guess you could say it's like the biggest de ever made, trade with china.e mca is right up there. it's very complicated. there are many, many points y 're bringing up that nob ever thought to bring up, but they're very important. we were on the wrong side of everyone of them. there's a possibility i will extend the de. if i do that, if i see we're close to a deal or the deais going in the right direction i would do that at the same tariffs we're charging now. >> reporter: let me ask you about the debt. it's gone from a shade of under $20 trillion. now it's a shade over $22 million and heading in the wrong direction. >> it's all about growth. >> reporter: growth only? >> before i focus on that -- you have to remember president obama put more debt on this country than every president in the history of our country combined. when i took over we had one man that put on more debt than any other presidentcombined. combine them all. you can't be talking about that. i talk about it because i consider it importan first i have to straighten out the mitary. the military was did heeaeplete. if

it is as good as anything you will find out why mca.arents come from all over. >> there are not too many pools that are still around, and this is one-stop shopping for kids. you can bring your kid here and have a cool summer. >> if you want to see some of the youth and young men throughout san francisco play some great pickup games, come wednesday night for midnight basketball. on saturdays, we have a senior lyons dance that has a great time getting exercise and a movement. we have all the music going, the generally have a good time. whether it is awkward camp or junior guard. >> from more information, visit francisco. >> my name is fwlend hope i would say on at large-scale what all passionate about is peace in the world. >> it never outdoor 0 me that note everyone will think that is a good i know to be a paefrt. >> one man said i'll upsetting the order of universe i want to do since a good idea not the order of universe but his offered of the universe but the ministry sgan in the room chairing sha harry and grew to be 5 we wanted to pr

. >> i was dropped from mca records after having made records through my teens.ld she go down on you in a theater ♪ >> that was a little pearl clutch moment. what did she say? women can say that? and yeah, they could. she was singing about a relationship that had obviously gone wrong, but it wasn't this kind of nice like oh, my god, you left me and now i'm sad. this was rage at this man. you didn't hear that a lot from women. ♪ and i'm here to remind you of the mess you left when you went away ♪ ♪ it's not fair >> in america alone, "jagged little pill" sells 50 million albums. it's alanis's moment. ♪ yeah, yeah, yeah, you oughta know ♪ >> over the last four years learned how to write for my own reasons and write for myself. and it's pretty ironic the moment i started doing that was the moment most people related to it. ♪ an old man turned 98 >> you know, it was that egocentric tendency on my part and perhaps everyone's part to think you're alone in your pain. i quickly realized that i was not alone and that millions of other people were feeling along with me. peo

now we made the us mca, which will be a great deal.nd said, it would be important to him if they could get a deal. in a short period of time. the democrats went out and said, oh, they should have done better. so, what i‘m thinking of doing is getting chuck schumer, nancy pelosi, having them bring two or three of their brilliant representatives, and we‘ll all go down together and what we‘ll do is, we‘ll negotiate. i‘ll put them in the room and let them speak up, because any deal i make with china, it‘s going to be better than any deal than anybody ever dreamt possible. but any deal i make with china, chuck schumer will stand up and say, oh, it should have been better. it should have been better. and you know what? that‘s not a cce pta ble and you know what? that‘s not acceptable to me, so i‘m thinking about doing something very different. i don‘t think it‘s ever been done. i don‘t want to be second—guessed, but that‘s not second—guessed, but that‘s not second guessing, that‘s politics. sadly, i‘ll probably do the same thing to them, ok?

and let's overhaul the mca impasse suggesting pricing so we have reliable funding stream for the mpa once and for all. [applause] is a lot, no doubt about it. but there has been a lot that has been bottled up for many, many years. that we can get done. in many ways i feel the state is now liberated with the senate democratic caucus and we can get these things done. and we can get them done together. and pass a new budget and i believe we can get it done in the first 100 days to show the state a new reality. now on the finances for the state, we start with a 3 billion-dollar hole. largely because of the federal policies. the revenues have slowed. we believe it is attributable to the federal soul program which we all predicted. it was going to have a dramatic effect on new york. what the federal government did is it penalized new york more than any other state. new york state, is the number one donor state in the united states of america. we send more money to washington then we get back and we send more money that we don't get back than any other state in the nation. forty states, tak

we have us mca and the 232. u.s. looking to pass m.c.a. because it's important for california an everyone else. now, in terms of china, which is what's unfortunately, is only part of where we've had retalltory tariffs, if we get an agreement, those tariffs will come off and then the president's hope is although, it's not the purpose of the negotiation that the purchases will have the effect of not only giving short-term sales. and by the way we're looking at numbers that goes out several years. it's not like i should make this point. even within the purchases which is con trire what's in the newspaper is not the function, the purpose of this. those purchases are going to have targets and amounts that go out for several years. but our hope is that if you increase those agriculture sales you will create new customers that will have results that go on years and years and years into the future. so this is -- it's a very real thing that the president is worried about. when you get into an situation where you're drying to bring change about it's

mca we haven't talked about mexico, canada and the u.s these policies are working so i'm going to saysay 3% 2019 and 3% as far as the eye can see i'm sure we'll revisit that at some point. >> wasn't to weigh in on this debate about the impact of corporate tax cuts and that people seem to be focused on the large number of corporate buybacks i know there have been increases but perhaps not as much as many hoped given the significant tax cut that corporate america saw. >> well, you know, courtesy of my pal clifton of strategis, cap "x" has been terrific. i have the number here i was afraid you'd ask up 14% year on year so that's a pretty good number point number two share buybacks just transfer the money goes from the corporate lock box to the individual investor which i think is efficient if the businesses don't have use for it or enough of a rate of return, why not give it pack to their own investors who are the owners, and that money doesn't go under a mattress. that money from the investors and the shareholders will be recycled into the economy and they will start new companies, new

mca, said he will probably get that ratified and said i was able to get it approved to be honest withtariffs. >> well, look, it is going to be very controversial because as warren buffett said, tariffs aren't good for anybody. i think one thing that surfaces is is that our market is a great market this wouldn't be happening if all the rest of the markets were robust we're the one that we're selling into i find that when people talk about brexit, their eyes glaze over this is all that the big industrials, i met with another, in italy it is what people talk about when i think about it is how much more calm our country is than the 700 -- sorry, the $17 trillion economy that is europe. the chinese economy. and then i get up in the morning and think, okay, what is going to happen in venezuela today that is horrible you just have a lot of areas that aren't doing that well. and then you have us, and you kind of need us. so i don't know. you need us. >> yeah. >> no shortage of merger an acquisition activity on this monday morning we spoke a lot about the biggest deal of the morning, which is

mca, the new nafta. >> merkel already making comments about this pointing out bmw's largest plant, ofn bavaria but spartanburg >> and we use the words allies these days it's not clear given the foreign policy right now who is an ally and who is not certainly i think merkel would agree with that. >> we have a little more data crossing the tape. we'll get back to santelli for that >> yeah, we have the february read on national association of home builders market index and this is a nice surprise. 62 we were expecting a number below 60 this follows 58. at the end of last year we finished off with a 56 that was weakest since may of 2015 but in october we had 68 of last year and that's the last time a number was as strong as this so a nice february read with regard to housing. yields are creeping up a bit but all maturities are still down from friday. we were closed yesterday many markets around the globe actually saw their equity markets firm so we'll continue to monitor david, back to you >> okay, thank you, rick santelli >> it was a strong earnings beat for walmart. u.s. same-store sale

/mca deal.ut in the china trade agreement, he's calling it a settlement of a 301 action, doesn't need to go in front of congress i'm sure we'll hear more about that that's a big story to concentrate on, especially given the headlines of the progress they're making with regard to china, trade and i.t. protection. >> and to that point, lindsay, if you take a look at when we hit the lows of the session for the dow today, it was on those early comments from ambassador lighthizer in his testimony where he basically suggested that we're still, you know, somewhat far way from a deal there's still a lot to be worked through. how do you think the market has been pricing this in where do you think we go from here if we do get some sort of short-term deal or on the flip side if maybe we don't >> i think the expectation that something is going to get done here, that's what's pricing the market that's why, like you said, the market was down this morning when there was an indication that we're further away th

let me ask you about the us mca and whether or not you expect the nafta 2.0 trade deal to get ratifiedo vote for it unless it's changed. >> well, if it has president trump's fingerprints on it, the democrats aren't going to vote for it. living in texas, nafta has been great for our economy. i was always one that said don't do away with nafta, let's improve nafta. the democrats just are not going to want anything to do with president trump being successful and of course if he's successful in most cases this country is. maria: why is that? why do you think they hate him so much? >> they didn't think he would win the election. they had their candidate and he won. it's hard to understand -- they don't remember the election. when president obama won i did not support him but he did win the election and we moved on. they have a hard time dealing with re589 an reality and realis fixing to come again in 2020. maria: we will leave it there. thanks so much. while we were talking, the president tweeted on the stock market. here's what he said. had the opposition party, not the media, won the elec

korea but for japan and other partners in the region and serves as a bull wark against the ngs spa of mcas admiral davis outlined our presence serves multiple purposes. >> and one is to give confidence to the south koreans and japanese particularly. would they be concerned if we drew down our forces in any way? >> senator, i hesitate to speak on behalf of the republic of korea or japan. but in my dealings with both of enemy i would say, yes, they would be concerned if we were to do that. >> one of the other aspects too, on this relationship between the south koreans and the japanese, is there is a long, long history there. and there are some at times difficulties in that relationship. can you characterize the relationship? i think many people assume it's just completely harmonious. but i've observed comments and issues where there was some friction. is that still the case. >> senator, as you stated there are long-term items of friction between those two countries. in my experience it's difficult for westerners to appreciate the breadth and depth of some of that tension as these are very ol

mca in the china deal. 2019 will grow another 3%. >> played a tape for me last year and compare it to what happens. stuart: mr. hassett, you're all right. see you again soon. check this out. we've got the video for you. new billboard takes direct aim at aoc agreed new deal. it's in times square. were talking to the guy who put this thing up next. ♪ our grandparents checked their smartphones zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today. ♪ ♪ dear tech... let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do... and we need your help. we need your