how important is it that we have canada with mexico? mexico.isconsin has a trade surplus with canada and mexico. i was glad the administration has come to terms with mexico on a trade deal. i hope canada can also come to an agreement. we really do want the north american market. i was pleased we did not have a five-year sunset. this administration has done a great job. we stopped punishing success. we stop to the realtor a burden. and a better tax code. 42% sincemarket of this president was elected. the whole trade were injects uncertainty. i'm glad the sunset was not part of the deal. hear fromm what you washington and the diplomatic or, is it realistic for canada to come to terms in four short days? they say canada has been kept up to speed with some of the negotiations with mexico already. . >> it is obviously a short time period. i wish this agreement had been made months ago. we have this uncertainty hanging over our economy. you can see how the stock market has stalled and how it took off once this deal was done. we hope this administrati

are using mexico to get to a are using mexico to get to the u.s.. mexico is a partner to the u.s. in trying to stem the flow of third country nationals into the u.s. stopping mexican people from moving is not something they can do. they do respond and they do want to be helpful in ways they can. they have tried and they have put money into it. we have given the money to help. again, the two countries are artners. brian lamb: how many americans have been killed because of mexicans -- mexican cartels send drugs to the country ? where do they get the drugs in the first place? ginger thompson: the number of drugs death in this country has been soaring in the last couple of years. a lot of the addiction problems in this country -- the source of the addiction problems in this country is an issue that has been under great debate. not only -- the role not only played by mexican cartels, which is significant, but the role played by prescription drug companies in this come -- country. both are significant. the fact that mexican cartels move drugs into this country israel -- is real and a pr

and mexico. saying he is going to speak to donald trump on nafta and mexico aims to conclude a trilateral nafta this week. what are you hearing? yesterday, asted of the weekend and friday night, mexico and the u.s. were poised to reach a deal. we were not sure about the timing but we had reported it would be as soon as today. we were able to confirm this morning that they have reached a deal to resolve issues between the countries. that leaves canada needing to come back to the table. a trilateral deal, there are provisions like dispute settlement and the automatic expiration and both mexico and canada have insisted it remain trilateral despite u.s. preference for a bilateral deal. we are looking for signs of wing canada might come negotiate. vonnie: let's get to josh in ottawa. to a tweet, he spoke with justin trudeau about the state of nafta. mexico is hoping canada will join. what does canada need to agree to jamaica's happen? agreed to make this happen? needs to be that canada needs to remind

ginger thompson: mexico city. i lived in a neighborhood which is a west village of mexico city .t has become very hip. it hasn't some of the coolest restaurants. there is a beautiful park called mexico park. brian lamb: i looked up statistics on mexico and how it fits in the world. it is the 14th largest country and area. 31 states. is, what dotting at you find americans know about mexico and what do they not know? ginger thompson: what americans unfortunately see mexico through classns of the working people who are the largest numbers of mexican people who live here. workers,, factory restaurant workers. large, vibrant, diverse country. the southern part of the country does not look anything like the northern part. it is like the u.s. california is nothing like kentucky. like the stateng in the north. misunderstand the sophistication of the country. is an intellectually havent place where people a real sophisticated understanding of the world and of their history. the are very aware of united states in way as i do not think we understand mexico with the same degree of complexity

and mexico? >> well, i'm certainly hopeful we get a good agreement, the agreement is 25 years old and needs to be upgraded so i have my fingers crossed that we've done a good job and are going to get to nafta 2.0. >> in terms of negotiations between the u.s. and canada, what do you see as the biggest sticking points, and do you think those negotiations can be hammered on and hammered out quickly? >> again, my hope is that there's so much benefit for all three nations to keep synchronized supply chains intact we have so many jobs and our economy is so hinged to the north american competitiveness that i hope we keep going. canada will want some things the united states has indicated it cannot give. and i don't know, we're all just guessing canada wants to keep chapter 19 which deals with bilateral disputes over anti-dumping, and counterveiling duties. canada wants that out. and on chapter 11, the investor state dispute settlement, we'll see what happens with that i don't know what happened in the n

-mexico border when it relates to new mexico? alex: if you are talking culture, i like to joke with tourists and visitors that my whole life i have heard about this international border and state borders, that i have never seen them. they have shown them to me on paper, but i have never seen them. what i mean by that is if you are born and raised in this community, this el paso/las cruces immunity, and it may be true for other communities, anglo and hispanic like, we're interwoven, interdependent and intermixed, we are really, really tight. it's a cross-cultural community. movement between the two countries has always been easy. historically it has been pretty fluid and easy-going. there are a lot of people who have family on both sides. people have been here longer than the borders and the ties and the relationships go back when the borders have been moved. the borders have been moved and changed, but the people and relationships have pretty much stayed the same. you will have families in this -- and we are talking 150 years ago

from mexico.he immigration and customs enforcement recently, for example, hasworked with mexico -- has worked with mexico on its own southern border to deter central american immigrants from coming into mexico who are headed to the u.s. and to turn those immigrants back around. the drug enforcement administration has a long history in mexico since the 1970's, and has sent dozens of undercover agents. the drug enforcement administration has more agents abroad around the world than any other federal agency of our country. most of those foreign agents are in mexico. we have dozens of dea agents all over the country helping that government, helping the military, helping the mexican federal police force dismantle drug cartels. and we do that in ways we do not always talk about because mexico is very protective of its sovereignty and does not like to talk publicly about the ways it has allowed american law enforcement to operate on its territory. we are there in big ways. brian: there is a big political

and mexico. this is bloomberg. d mexico. this is bloomberg. xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. 7:00 a.m. in hong kong. i am yvonne man. welcome to "daybreak asia." the top stories this tuesday, trade makes the headlines today. stocks get new records. the peso jumped as the u.s. nears a post-nafta deal with mexico. president trump says he will terminate the yield agreement and find a new name. canada will rejoin talks in washington. >> i am kathleen hays in new york, where it is passed 7:00 p.m. on monday. beened reproduction has met. -- m

escuchen este dato, 12 personas desaparecen todos los dÍas en mÉxico.. >> rubÉn ramos. >> ausencias que siguen presentes, unidas bajo la misma sombra, son madres y padres que se encontraron buscando a sus hijos desaparecidos. >> porque vivos se los llevaron. >> vivos los queremos. >> solo la justicia podrÍa terminar con las lÁgrimas de marÍa, que busca a lalito. >> si alguien sabe dÓnde estÁ mi niÑo les pido de corazÓn que me lo reporten, que lo regresen. >> ella es madre de benjamÍn, uno de los 43 estudiantes de ayotzinapa desaparecidos en 2014 a casi 4 aÑos de la tragedia, siguen en la lucha y se niega a aceptar la versiÓn oficial de las autoridades que su hijo y sus compaÑeros fueron incinerados. >> para nosotros nuestros hijos no fueron el final en el basurero. >> segÚn datos oficiales de 2016 a la fecha hay mÁs de 37 mil desaparecidos en mÉxico. >> de esta cifra la mayorÍa de desapariciones se han reportado en el sexenio de peÑa nieto, el gobierno de peÑa impulsÓ una ley general de desapariciÓn forzada de personas para combatir el delito, a pesar d

-mexico border when it relates to new mexico? talking culture i like to joke with tourists and visitors that my whole life i've heard about this international border and the state borders but i have never seen them. they have shown them to me on paper but i have never seen them. mean by that is if you are born and raised in this community -- this may be true of other border communities, anglo or hispanic like. ,e are so inter-woven interlaced, interdependent and even intermixed. we are very tight with the cross-cultural, cross-border community. movement between the countries has always been pretty easy come a historically. there are a lot of people who have family on both sides. the people who have been here longer than the borders, the ties and the relationships go back when the borders have been moved. they have been moved and changed but relationships have stayed the same. you will have families in this community -- we are talking 150 years ago, they had already .ixed, anglos and hispano's it is reflected in our language, our

pero no dijo que lo pagarÍa mÉxico.nes condicionales los ataques aumenten en intensidad. patricia: el fÉretro del senador john mccain llego esta noche a la base el maryland . sus restos partieron de phoenix en arizona donde despidiera-- donde lo despidieron como un hÉroe. a partir de maÑana se le rendirÁ un homenaje en el capitolio nacional en washington y al dÍa siguiente habrÁn servicio en la catedral nacional para finalmente hacer sepultado el domingo en la academia naval estados unidos >> segÚn cifras oficiales lo mexicano son el grupo de inmigrantes con la mayor cantidad de deportaciones pendientes en estados unidos y deportaciones acumuladas. cientos de miles de casos atorados en cortes de migraciÓn que estÁn abrumadas por la polÍtica de persecuciÓn. nos dicen cuÁles son los estados con la mayor cantidad de estos casos. reportero: cuando deportaciones se tratan lo mexicano llevan la delantera. son ahora mismo, segÚn un estudio, la nacionalidad con mÁs procesos de deportaciÓn en la historia estÁ unirse. este aÑo 15

how much has gone to mexico? >> there has been asia is a bigger draw in terms of mfing jobs for the united states. there have often times factories are putting together beginnings in the united states so initial assembly happens on the u.s. side of the border and larger left parts happen. the idea there has been a generator of jobs and opportunities is hot quite right. >> how do you explain 2000 journalists have opinion killed in mexico? >> mexico's biggest problem is with the rule of law. right? with immunity. murders happen in mexico, 98% about unsolved. just unsolved. so so that the weakening of institutions, when it comes to the justice system is what has created problems of violence had that country in general right? so it's mexico with more murders so fostinstut yugss want to send a signal to their societies to stay silent. they to after journalists and because of that large number of journalists have opinion killed. >> i was careful and i think that there is a level of protection because we're american and

system inart of the new mexico. this building here was where the noncommissioned officers stayed, sergeants and corporals and they would be responsible for the men who would be crammed into this space here, so this is the andacks for the enlisted in , itsefore was started first life was 16 years. , are were two companies here calvary company and an infantry company. inre was room for 75 men each barracks, so very tightly packed. they slept in bunk beds. thearmy had a standard for amount of air that was supposed to circulate. meet that standard. i would guess we are in the mid imagine it will -- it would have been brutal to have stayed here. enough wasstingly in a lott that engaged of battles with native americans. they were a believe only three that died in any sort of engagement, so it was probably in addition to being hot and uncomfortable, it was probably pretty boring. they did a lot of maintenance homework. in its one of the really significant things that this four days was provide safe travel for people and yo

new mexico has a strong agriculture industry. up next, we take you around the museum to learn how agriculture has impacted life in the southwest before new mexico's -- since before new mexico's founding. >> the idea for this museum began in 1970's. the secretary of agriculture at the time noticed new mexico artifacts are ending up in museums and other states. he spoke to people about creating a farm and ranch museum to preserve our state's heritage. new mexico has a unique agricultural story. it goes back 4000 years when people were growing their own food. we take a lot of pride in preserving the story and sharing it with people. the farming and ranching museum is unique because he have animals. las cruces does not have a zero. we take that role. we have all sorts of livestock. we have seven different breeds of beef cattle. we have milk cows, we do looking demonstrations every day. the restrictions are another thing that makes us unique. we do quilting, sewing, that kind of thing. when people come here, you are not just looking a

/mexico deal. to call in the united states/mexico trade agreement. getting rid of the nafta name. now, that's interesting. mr. trump says it is a really good agreement for both countries. okay, got that. mr. trump calls mexico's president to congratulate him on the deal. reuters -- okay. that's according to reuters, that the president is talking to the president of mexico as we speak. but what intrigued me, kim, was that the president says this is going to be a u.s./mexico trade agreement, getting rid of the nafta name. where does that leave nafta and canada? >> well, look, this is going to be a big question of whether or not canada now feels enormous pressure to get onboard. and some of this is going to depend, let's see what the actual details are in the bill. the president's promise pall along was that -- all along was that if he resigned something, it was going to be more in america's trade benefit. you can expect people are going to be poring over those. qanta has been a holdout many particula

mexico back on the map.itcoin back on the rise, oil and gold on the move, in the opposite direction, what is the story there? su: foil was lower as we went into the close, setting up for what might be a big gain in supply, plus the dollar starting to be stronger. that also impacted gold, where we see record bearish bets, money fleeeing gold etf. bitcoin, now about $7,000. it's the longest rally we have seen in a long time, although again analysts say pot stocks .re the new bitcoin i ramy: thank you very much for that. a look at the markets. before we continue the conversation, more lines across the bloomberg terminal. the foreign minister of canada, live pictures out of washington. let me recap these for you. she's saying mexico's concessions will be valuable to canada in their "bloomberg technology negotiations -- in and say thattions, there is an important and constructive week ahead here. she says canada is meeting with mexican officials today, and they will have more specific conversations tomorrow. all

-mexico deal.et little-known japanese company has helped our next guest, singapore is longlead capital partners, making his fund the best short performing hedge fund this year. it gained 26% through july by betting against a company that makes battery -- factory automation equipment. let's get behind this with longlead capital partner tim campbell. let's talk about the latest when it comes to the u.s. and mexico trade deals. this really eliminates a lot of uncertainty we have in the markets when it comes to trade. >> thank you, yvonne, lovely to be here this morning. it is certainly an interesting time from a political perspective. at long lead, we focus on the company level, and what we have seen very clearly is the longer the trade dispute has gone on in china, it has led to more and more uncertainty. the mexico deal announced overnight is yet another example of where there has been disruption in equity markets from global policies. yvonne: you have made some pretty right calls when it comes to t

they are starting, we made the deal with mexico. we started negotiations with canada pre-much immediately. -- pretty much immediately. i can't tell you where those negotiations are gone. it's a smaller segment, as you know. mexico is a large trading partner. we have now concluded our deal and it's being finalized. bob, when would you say we will be signing? formally signing? oflikely at the end november. it's a 90 day layover period, because of our statute. to get the letter to congress on friday. trump: that starts the process. >> 90 days later, it will be signed. president trump: we have an agreement both with canada and with mexico, i will terminate the existing deal. when that happens i can tell you that can't quite tell you. it depends on what the timetable is. terminating the existing deal and going into this deal. we will start negotiating with canada relatively soon. they want to negotiate very badly. one way or another we have a deal with canada. it will either be a terrifying cars or a negotiated deal. on cars wouldiff be

and mexico.hena is "encouraged," but there is china. how optimistic or pessimistic argue that we are going to get some resolution for any of these by the end of this year? david: i think we are going to get something, and talking is better than some of the rhetoric we have had heretofore, but again, we do not know the details. canada, and about the china situation is much more, i think, of a strategic issue, so we have seen a cooling in that. you are think we are going to get something? i think a lot is going to be dependent on what is going on in washington. i mentioned the midterm elections. i do not mean to say we do not know, but we don't. we have the midterm elections, we have got some of the other political issues that are going on with the trump administration that may prove to be a big distraction to all of this. we approach this with trump's rhetoric is this. he is a bit more optimistic. we do not know where china is on this, so they are much more low-key. we do not have a sense of where

mexico has a sufficiently election. it was a transparent process that we elected a new president with strong, popular support. i'm very encouraged by the fact that the transition is happening very smoothly and we're collaborating with the future government, the future president. that includes the relationship with the u.s. we're neighbors. we will remain neighbors. it's much better for the people of america and mexico to have a good relationship. it's encouraging no matter what was said. both in the u.s. and then in mexico. that's in the past. what i see is a build up of a good relationship and nothing can be better for the people of mexico than having a constructive, respectful relationship with the u.s. >> mr. foreign minister, pleasure to have you on. >> thank you. great to see you. >>> next on gps. >> little rocket man. >> president trump has gone from calling kim jong-un names just a few months ago to tweeting very nice things about him. is it possible to imagine such a 180 degree turn on iran as well? the presiden

one came to mexico -- to new mexico. they were looking for riches, wandered into kansas, and came this way. they left behind remedy of the things they brought -- behind remenatsd's -- behind -- remnants. was a commercial crop. they were making wine. they were selling those grapes to make wine. that was popular. we do not grow -- we are backed in the -- back in the wine industry again. when you hear about california being -- all the wine from california -- in new mexico, we grew the first grapes before they did in california. that is a crop the spanish brought here to the near world when they came. a couple of things interesting we represent at our museum are common cattle. these came from spain. they brought them over here. cattle insome of the texas.ico, parts of te they lived in louisiana and texas. they become longhorn cattle. we still raise that type of cattle at the farm and ranch museum. manager say those livee could lefive -- could with almost everything. they are really tough. they are small. they have small calv

mexico steel lobby may hold up the deal.t does not understand how mexico to accept the nafta update without resolving the u.s. section 232 tariffs on steel. the lobby wants mexico steel to be exempt from the global tariffs before they will allow the signing of the nafta deal. i'm just going to keep my eye on the dow. mark it up 68 points now. we'll see if that affects anything. but they got 90 days before this is supposed to at least be signed. you know we have a new mexican president coming in at the end of november. so, could this be a black swan event? we don't know, but one global financial giant flagged to the one but 60 black swans on the horizon. nomura put out a list of 60 events happening globally over the next several months that are not priced. looming government shut down looming in the u.s. elections november 6th, "brexit" day next march. but that is only four. get to traders on the floor show. matt cheslock, kiar seeing a record close in 30 minutes if we see numbers hold for the nasdaq, s&p, russell. one or two

-mexico deal. it would be complicated for american businesses if it was only a bilateral treaty with mexico, and not an equal language because supply chains have developed. we could go back to previous bilateral agreement with canada those aggregated by the nafta treaty, but that leaves you with different goals, and that andement was for the 1980's is completely outdated, so that would not help business. much. -- that would not help business. much. -- that would not help business very much. justin trudeau and canada are against the wall politically. trudeau doesn't want to be seen as giving in. there could be tough negotiations ahead. and the idea we can get this done by the end of the week which was the trump administration's goal seems out of reach. strongerhe dollar is as we -- as president donald trump has signed off on a bilateral agreement for nafta. thank you to michael mckee. u.s. --minutes into the we are 35 minutes in the u.s. trading session. abigail: we are looking at stocks higher in t

mexico's president and rekey plan and yet who has said he hopes canada will return to talks with mexico and the us should hold on a small for mexico city. just like the united states on monday makes her brand new book could be a new trade deal between the two countries as a triumph it's something that the current administration has been working towards for more than a year and desperately wanted to get done before they leave office it's something also that the incoming administration which takes over in december who so desperately wanted to get out of the way they don't want the economic uncertainty that it brings clouding their first few months in office but there is a problem here and that's canada canada is a member of the trading block with the united states and mexico that's covered by nafta and that was what was meant to be renegotiated here a deal between the three countries now the united states has suggested that it could just do this deal bilaterally with mexico mexico first said that canada really needs to be part of this pact but then later on on monday the mexican foreign m

he got that, but dou btless to mexico. he got that, but doubtless mexico also got some things.ant. manyjobs in the us and mexico depend on it. when he talked about ripping up nafta, there were real concerns about that. huge concerns. you know, across all three countries i think. obviously canada is still to come on board, and we'll have to see whether they can make that up between now and november. obviously november an important month because of the midterms looming in the united states, because mr pena nieto steps down in mexico in december. but, yes, you know, that is a key thing. it's the jobs. yes, you know, that is a key thing. it's thejobs. i know yes, you know, that is a key thing. it's the jobs. i know the yes, you know, that is a key thing. it's thejobs. i know the incoming president here in mexico, manuel lopez of brittle, is strong on trying to protect those so he was all for redrafting nafta, but from the mexican perspective, improve conditions and wages for ordinary mexicans who are producing goods going north. it is a complex deal but this is worth $1 trillion an

-mexico border? like to joke to iurists and visitors that have heard about these borders but i have never seen them. they show them to me on paper but i've never seen them. if you are born and raised in this community, this border community, anglos and hispanics interwoven,e so interlaced, interdependent and intermixed. we are really tight. it is a cross-cultural cross-border community. movement between the two countries has always been pretty easy historically. pretty fluid and easy-going. a lot of people are family on both sides. the people of been her longer than the borders have been her. the ties and relationships go back. andborders have been moved changed. the people, pretty much their relationships are the same. you have families in the community that -- and we are talking hundreds of years ago -- language,ected in the our border language is a mixture of english and spanish. primeod is another example. mexicanfluence of culture and our food. >> as wewe turn -- turn left, we see a lot of piqua

muchos en mexico n estan descubre otra forma de ver tele. a mi manera" then we give you the most live tv en español with directv now. stream your favorite sports! yes! the best drama en español! yes! and kids' shows! yes! download the app and switch to directv now. get the most live-streaming channels en español. no satellite and no annual contract. más de lo tuyo. es lo nuestro. muchos en mexico n estan contentos con el l plan de lopez obrador para cambiar oficinas federales y esto sera un descalabro economico para miles de comerciantes escuchemos . >>> no se que va a suceder con mi trabajo. >>> un giro de 180 grados podr dejaria la capital mexico si las oficinas del gobierno federal a otro estados del pais . >>> perolo que mas le preocpa es como realizara su tratamiento contra el cancer. >>> el pplan es dejar solo 5 oficinas en la capital de mexico 13 se mudarian par impulsar el tbj en esas regiones. >>> con estos cambios negocios de comida alrededor de las oficinas alrededor se veran perjudicdos. >>> si hace estos cmaibos no vamos a tener

we start with mexico's el financiero. it isa it is a financial press in mexico.hould celebrate with a tequila after agreeing a new trade deal, but also warned canada should be included. germany's chemnitzer morgenpost is covering the far—right and anti—fascist clashes there. this is the local newspaper. its front page saying the politicians are helpless and the police are overwhelmed, and has a double—page spread inside the paper details the violence in the city. —— detailing. the front page of the arab news among many covering the un report on myanmar‘s treatment of rohingya muslims. its headline is among the most scathing — "genocide and she did nothing", that's underneath a picture of leader, aung saan su kyi. the financial times saying an increasing number of premier league footballers are requesting to be paid in euro or are using hedging schemes to protect their pay after brexit. and a shocking study makes the guardian's lead story.

mexico and the u.s.ed to. dairy.o for sure. donald trump wants to blow apart canada's dairy system. that is a non-start for justin trudeau. we are still waiting to see whether the u.s. will water down its proposal. david: thank you. no more skirting salt is the next tory, from dairy to salt. cyrus making a move to block states from edging state and local tax reductions at federal lubitz -- federal limits. especially those previously awarded with tax credits, putting an end to the work around. we welcome our tax reporter. i hope he can explain it better than i did, laura. i understand people in various states are saying, let's get around the limits. >> remember the tax law change last december, where congress basically said, you can only deduct $10,000 of your state and local taxes. previously, it was unlimited. new york, connecticut and new jersey said, here is what we can do, convert the tax payments to charitable deductions, get a tax write up from the state, as well as a deduction on federal tax retur

and mexico. i'm i don't know what it means for canada. mexico is willing to go on with this. maybe canada takes a different look at it now. connell: a 16-year deal with six-year review. >> review. which has consequences to rechange the accord at some point. connell: it is interesting way of doing it, kind of getting around the technical you know set clause which held it up. interesting the way they did that. sean, back to you on markets. we're up 253 right now on the dow, and you talked a moment ago, catching up or getting back to where the fundamentals should be, meaning what? >> meaning that you know, in the first two quarters of this year earning were very, very strong. you know somewhere in the 20% or 20% plus quarter over quarter or year-over-year growth rate. yet the only major broad-based index up anywhere near that year-to-date is the nasdaq 100 which is heavy hadly weighted towards technology. so, i think the market is trying to find a way to go forward here. connell: right. >> these impediments have been in the way. and if we can get some of these out of the way i t

-mexico border and cover mexico. when we did, we began to plan the book tour, i knew i would get back to mexico this week because we update presidential elections on sunday, and it's going to have i think huge ramifications on both sides of the country. the last few weeks have been overtaken by the situation with families separated, and el paso has been a pivotal moment in our time. so i get a call this afternoon from one of my editors who said that we have a reporter heading to el paso. there was talk about using the military place as soon as possible, and we don't know, i don't know what that means, plus the airfield in new mexico. i haven't had time to confirm either one, but i know they are on deadlines and that's one reason i need to get out tomorrow morning but i'm also going to be reporting on that. i should just give you a quick sort of anecdote. i think a good it is very pivotal moment. people talk about the #me too movement, the parkland, with the outpouring of support that happened in the last few months.

but let me talk a little bit aboutdi mexico.have accused -- >> tucker: we are out of timek and i certainly let you filibuster quite a bit. >> there are -- mexico is a lot larger, the state has a conservative governor that isic pushing it not for drugs, butas on the contrary, family values, just like you and i, my friend, are supporting. >> tucker: thank you. you are more reasonable than most people i talk to. but not entirely reasonable. >> thank you. >> tucker: lou dobbs is a host of "lou dobbs tonight" and has been talking about this issue for a long time.eoo. if there were to become a realistic push to legalize poppy production, opium production, heroin production, in mexico, why wouldn't that be a profound act of aggression against the united states? >> i think it is, as you pointed out. and juan hernandez, i quit talking to him a long time ago for reasons that you should now understand fully. he is a wonderful emissary for the system of mexico that is being replaced by andres of man well, and i think it is a real opportunit

america and mexico make

and in a minute, we will get the view from mexico.ing to shelly culbertson, senior policy researcher for the rand think tank. then shall to this agreement was a breakthrough on what they wanted to happen in the automobile industry. —— central to this agreement. in order to be free of tariffs, they agreed they would largely have to be produced in the region — 70% of components had to be produced in the us and mexico. and 40% of those components had to be made by workers who are earning more than $16 an hour. so this was really a victory for president trump because he's been trying to keep labour in the united states and stop the kind of flow of companies to mexico in search of cheaper labour there. and the united states also compromised to getting rid of a key demand which was to have the deal renegotiated every five years. that was something that mexico and canada did not want. they didn't think it would lead to a proper kind of future for businesses to plan their investments et cetera. and so that was the agreement that the united st

we know that auto has boomed in mexico.hart,v library showing reduction in capacity come it has been on the rise and mexico. we are hearing reports that mexico could accept a demand of 75% of auto content in north america, 40-45%, workers earning $16 an hour. are those metrics that mets -- that mexico could accept? yes.e 75%, i think the u.s. showed that flexibility a while back and that is sort of where things are headed. more difficult issue that has been on the table lately has been wages. always thought mexico has some flexibility. i'm not sure whether it is at $60 per hour, but, generally, the sector, the inductor -- industrial sector connected with exports, to the u.s. and general,, has, in theng higher wages than national average in mexico. the latest study that i saw 2014, the auto industry was paying somewhere around nine dollars or $10 per have goneeveral years by. it is likely to will have some flexibility. i am not sure whether it will be $16 but ultimately, it will depend on what the number is. i do think

and mexico agreeing in principle on this deal.lot of pressure on canadians to get in to this and reach an agreement just for context, between the u.s. and canada last year there was about 150 billion in auto and autoparts imported and exported as part of this process so it is critical to middle class and critical to their economy that they be part of this -- this trade deal whatever ends it being. >> we also know that president trump has had conversations with justin trudeau with a conversation angela merkel do you think where we are now with this progress with mexico, is a good sign that this president actually doesn't want to trade war, he wants a trade deal? not just with mexico and canada but also with the europeans. >> yeah, i think the war i.t. is with china. the battles are with some of our other trading partners and allies. and that's the -- so i think there's a battle and he wants to renegotiate nafta with a campaign promise, and so i think that's why he's going after it when you look at the benefits of nafta it hurt the

that means every year there are more people coming back into mexico than people from mexico, mexicans trying to get into the united states. however, mexico you're absolutely right, has become a transit country. we are -- every year facing the fact that hundreds of thousands of central americans try to get into mexico, with the purpose of staying in mexico but to get into the united states. this presents as a significant challenge for every country involved, el salvador and mexico and the united states. this is a shared challenge and we should work together in share gs human rights that all migrants have treated well and it's -- we cannot just address a problem by trying to enforce voter control. that's part of the solution but the real solution is to invest jointly in development of central america. this is something that our current president has been asking for, our future president is strongly proposing. >> i want to ask you about the election of the president, for the last 20 years mexico has been electing governments that have been very pro american in the sense of being pro trad

congratulations to the people of mexico. congratulations -- thank you very much, everybody. >> the u.s. senate gaveling in at 4 p.m. eastern time, resuming the debate on the nomination of lynn johnson to be the human that secretary july 4. to senator tribute john mccain, who died saturday. at senate back in session four eastern live, on our companion network c-span2. senator mccain died on saturday at his home in arizona. thursday, a funeral for senator mccain in arizona, and on friday he will lie in state at the u.s. capitol. at theturday, a funeral washington national cathedral, and sunday's senator mccain will be buried at the u.s. naval academy cemetery in annapolis, maryland. c-span, where history unfolds daily. in 1979, c-span was created as a public service by america's cable television company, and today we continue to bring you unfiltered coverage of the congress, white house, supreme , public policy events in washington dc and around the country. c-span is brought to by your cable or satellite provider. supreme cou

i think i'm lou is a familiar face in mexico. and this and that is my new oil has been around in the political scene for as long as i can remember. he is a person that has committed his life to politics. in one side or the other three institutional channels. the p.r.i. the p.r. . and now martin so he's a familiar face to we are very these ones being the old establishment party but he's not. a new liberal is subgoal in there mark well what happened back in the late eighty's is that we had the first. separation between two groups in the right the p.r.i. was a party that basically ruled mexico for seventy five years since. the revolution. and it was it was found that the d.n.r. actually my great grandfather founded the pm. pentagon man would protest. and be an art was a solution that was created by the various generals fighting in the revolution to buy basically govern with stability. in a pacific way done let's not kill each other let's just organize a political party let's discuss things within the political party but once we reac

have allowed foreign investment in their oil reserves mexico had not and potentially mexico has enormous reserves particularly in deep water place that will require investment by private companies and to be exploited. antonio guterres a former u.s. ambassador to mexico now legal adviser to u.s. oil companies is selling a bright future in mexico to his clients obviously energy companies are very excited about the prospect of investing in mexico they see the risk return is very attractive they've done business in foreign markets they recognize that this is one proximate to the u.s. there's a very real sense that mexico's a rocket about to lift. as foreign oil companies prepared to celebrate the profits still make from the reforms mexican economics and justice expert in the guide that was goglia doubts that ordinary mexicans will get a share of the spoils and you need to make sure that all this investment in older returns from those investments to some degree will provide. a remedy to those sectors within lexical that have never experienced any benefits from nafta or cultural sector or the

to mexico from great u.a.w. wages, middle class wages, to $2 an hour in the same fancy, robotics, laser precision plans. and so what will happen, and what we've started to hear from the companies who are protesting this is that they will be forced to bring production, parts of production lines back. there will be delays. there will probably be a transition to answer that part of the industry's concerns. it won't be one day it's this, and one day it's that. they'll have a number of years, because they're going to have to bring production back to meet that new nafta rule. and the basic rule about this, if you're a rorg trade attorney, the way do you this has to do with how heavy and bulky a product is. so if you change the rule of origin on something really small, and it's easy to ship and it's light, then the actual transportation cost is not a big enough factor that you wouldn't just send it to china, for instance, and say, all right, i'll pay the tariff, but it's cheaper. in this instance with cars, which is th

and mexico?it does not seem like a part of nafta. >> the answer to that is that there may be currency language and nafta. originally the plan was to use the talks were currency is not a tense issue to try to get a plan as a model. down the road if there were negotiations with the country and it was a big deal for instance if they there was an agreement with japan or a dealing currency with china that they would have the model down. i have not heard much about where that has gone. it has not been an issue considered a hot button issue. it's kind of a set of issues that have been a hot button issues. one issue is currency. it has not come up as a big deal. these are the ones that you will hear eventually that they cannot get a deal this week because of something. >> i think you very much. [applause] we want to understand the nontariff issues grabbed the wto book. >> we will have a five minute break so we can get back on schedule. our next speaker was already here. she will be starting at 10:40 a.m.

have allowed foreign investment in their oil reserves mexico had not and potentially mexico has enormous reserves particularly in deep water place that will require investment by private companies to be exploited. antonio guterres a former u.s. ambassador to mexico now legal adviser to u.s. oil companies is selling a bright future in mexico to his clients obviously energy companies are very excited about the prospect of investing in mexico they see the risk return is very attractive they've done business in foreign markets they recognize that this is one proximate to the u.s. there's a very real sense that mexico's a rocket about to lift. as foreign oil companies prepared to celebrate the profits still make from the reforms mexican economics and justice expert in the guy that was goglia doubts that ordinary mexicans will get a share of the spoils and you need to make sure that all this investment in older returns from those investments to some degree will provide. a remedy to those sectors within lexy go that have never experienced any benefits from left. cultural sector or the small far

seÑala que mÉxico le hace el trabajo sucio a estados unidos.ruir, dicen en la frontera sur. las autoridades mexicanas buscan, persiguen, detienen y abusan de los centro americanos. resalta el director de un albergue en tapachula, chiapas. >> realizan la labor de un agente norteamericano en suelo mexicano. pedro: el sufrimiento y cualquier migrante que intenta cruzar territorio mexicano de manera indocumentada inicia aquÍ, cuando cruzan de guatemala a mÉxico. dicen activistas y defensores de los migrantes en la frontera sur. es precisamente en ese lugar, donde inicia lo que ellos llaman el muro mexicano. es emigrante guatemalteca que conocimos en un albergue en la frontera con guatemala, y que prefiriÓ ocultar su identidad, habÍa sido deportada a guatemala recientemente. la hice que la policÍa la entregÓ hay migraciÓn con sus dos hermanas en la frontera de nuevo laredo, mÉxico. caminaban a una garita estadounidense en busca de asilo. >> en mÉxico estÁn encontrando los problemas. >> ahorita no se puede porque hay bastantes mexicanos en el camino.

we are told it will focus on trade with mexico. a source familiar with the negotiations telling cnn, the u.s. and mexico have reached a preliminary agreement resolving key bilateral trade issues. the president tweeting just a short time ago, quote, a big deal looking good with mexico. let's get straight to athena jones live at the white house for the latest developments. what are we expecting from the president in the next few minutes? >> reporter: we expect him to announce this preliminary agreement the u.s. reached with mexico, part of this effort to renegotiate nafta. efforts to renegotiate nafta have been going on for over a year now in some form or fashion. this is about bilateral agreement between the u.s. and mexico. there have been talks over the last several weeks. we understand according to one u.s. official the two countries have resolved a major stumbling block that has to do with aub automobiles and steels. it would increase the agreement to use north american steel and how much of an automobile must be produced locall

. >> juliÓn Álvarez sale de la lista negra de hacienda en mÉxico y la investigaciÓn por lavado de dinerorecupera sus cuantas bancarias, pero sus empresas siguen siendo investi investigadas en estados unidos, selena gÓmez, cardi b, ozuna y un amigo tienen listo un novio tema musical, se llay la grabaÓ del video estÁ encendiendo las redes sociales ♪ ♪ ¿quÉ tal?, muy buenas tardes gracias por iniciar una nueva semana con nosotros, soy felicidad aveleyra, en una noticia en desarrollo, mÉxico y estados unidos han llegado a un acuerdo, para renegociar el tratado de libre comercio (tlc) canadÁ podrÍa quedar afuera, al haber dicho que el compromiso es solo con mÉxico y que podrÍa ha abrirse una negociaciÓn parte, donald trump y el presidente de mÉxico, enrique peÑa nieto se han mostrado respetos mutuos, escuchen (informaciÓn en pantalla) muchas gracias presidente trump es algo muy positivo para estados unidos y para mÉxico, (hablan inglÉs) >> ahÍ lo tiene el presidente saliente de mÉxico lo ha celebrado diciendo que espera firmarlo pronto, brindando con tequila. mÁs detalles de esta noticia esta

and mexico come to a new trade deal.a, sign it or you're out. strategists upgrading their target to keep up with the rally. and learning curve. an inverted yield curve signals high recession risk regardless of the reason holding down long-term rates. continuation of the record rally we saw yesterday. 2900.s over s&p closing at a record high as well as the nasdaq. in the currency market it continues to be sell the dollar. euro-dollar 117.