mr. lighthizer. also saying mexico's concessions will be on soluble to canada, so we will see as they get anything hammered out by friday, but take a look at how the backdrop is. we reached records in the u.s.. we are seeing a quiet start for the asian session. .1% --seeing shares of .5% on the sessions. take a look at currencies and the offshore renminbi. still holding steady here below the 680 handle, so comforting for the pboc. the aussie unchanged with the kiwi at 67 u.s. cents. jessica summers joins us from new york. jessica: president trump warned them to be careful. he went on to say google, facebook, and twitter are treading on very troubled territory and said it will be addressed. liberalgoogle favored news outlets. he offered knows of vinci asians for his claims. huawei appealing -- appealing to the federal trade commission. it says restrictions based on national security concerns harm consumers by reducing competition. it insists it is not a danger to the u.s.. huawei and its rival have co

mr. lighthizer and jared kushner, and of course president trump has said this all along. bilateral negotiations yield better and faster results, and i think that's why he's going to stay on that path with respect to canada. but right now we're mexican tra very few people thought we could get and we got it about. >> it's easier if you do it blats rally, to get some kind of framework agreement in principal that may or may not become a trilateral agreement the way you propose it, we're operating on an artificial schedule i just wonder if we're going to play this out a few steps down the line, whether in fact this is the makings of some kind of a final deal or not. >> there's no leverage here, we've illustrated the bilateral approach to negotiating can happen you have different issues with canada than with mexico. the wages are not so germane to can dark i don't want to walk-through all the paragraphs, but we've had trouble with milk and dairy products and some of that dairy stuff is 290% tariffs i don't know about the leverage. all i'm saying is we have shown that good trade

mr. lighthizer: yes, sir. >> [laughter] he also tells me what the alternatives are. i think in this particular case, the best alternative is a good agreement. i think there is a possibility of that, hopefully with mexico and canada. aseel good about that, but you say, there are still some things to go through. we have made headway on a number of other areas, we have as i have told you some 15 or 20 other small agreements in other areas. every time you're at that is not a home run, we are getting single after single. there are several, i want good for them, but there are several in place that will make a real difference to specific people and factors in agriculture. korea, as you know, that agreement is a step in the right direction. initiative that larry kudlow and i are working on. that is a major issue and something we are putting together. the kind of team we need to negotiate on tariffs. hopefully, we will open up new opportunities for american products. pres. trump: i think i can say that we are talking to china. they very much want to talk. they're just not abl

mr. robert lighthizer. and also the accompaniment and support we accept through jared kushner. and i also extend this recognition to the mexican teams . they are listening to you, they are close to you right now. the foreign minister and the secretary of the economy. [speaking in spanish] translator: and this supports the negotiations, it's been difficult and a very hard negotiation altogether with difficult moments of course. that truly technology now we have been able to reach an agreement which we are about to make public and this is the result of good understanding and good work. i'm quite hopeful that now canada will start accepting with the united states this sensitive bilateral issue. congratulations. grateful and i'm attentive to your comments. president trump: mr. president, thank you very much. you have been my friend has been a long time since i travel to mexico where we got to know each other quite well and we actually had a good meeting, some people weren't sure if it was a good meeting, but i was worried i have a lot of good meetings that a lot of people weren't s

mr. robert lighthizer. also, the support we have had from the white house through and i also extend this recognition to the mexican .eam they are listening to you and are close to you now. the foreign minister and the secretary of the economy minister. this has been a negotiation that has taken months. it has been a hard negotiation with difficult moments. nowledge the fact that we have been able to reach an agreement that we are about to make public and this is the result of good understanding and good work and i am hopeful that now canada will start discussing with the united states, sensitive bilateral issues. congratulations. grateful and i am attentive to your comments. pres. trump: mr. president, thank you. you have been my friend. it has been a long time since i traveled to mexico. we had a good meeting. some people were not sure but i was. time and thislong is something that is very special for our manufacturers and our farmers from both countries. it is great trade and it makes it a more fair bill

mr. robert lighthizer and also the accompaniment and the support we get through jared kushner.eam. they are listening to you. they are close to you right now. the foreign minister and secretary of the economy a negotiation that has taken months. it would be very hard negotiation altogether. i truly acknowledge now the track we've been able to reach an agreement, and we are about to make public, and this is the result of good understanding and good work. and i, of course, am quite hopeful that now canada will start discussing with the united states the bilateral issue. congratulations. i'm very grateful, and i attentive to your comments. >> well, mr. president, thank you very much. it's an honor. you've been my friend. it's been a long time since i traveled to mexico where we got to know each other quite well, and we had a good meeting. some people weren't sure if it was a good meeting, but i was. i have a lot of good meetings that people aren't sure if they're good or not. it's been a long time, and this is something that's very special for our manufacturers and for our farmers

mr. robert lighthizer. and also the accompaniment and support we get from the white house through jared kushner. and i also extend this recognition to the mexican team. we are listening to you. they are close to you now. the foreign minister and secretary of the economy. and this has of course been a negotiation that has taken months, it has been difficult, conflicts, a very hard negotiation all together but i truly acknowledge now that we have been able to reach an agreement that we are about to make public and this is the result of good understanding and good work. and i of course, i am quite hopeful that now canada will start discussing with the united states the sensitive bilateral issues congratulations. i am very grateful and i am attentive to your comments. >> mr. president, thank you very much it is an honor you have been my friend. it has been a long time since i traveled to mexico where we got to know each other quite well and actually had a good meeting, some people weren't sure it was a good mee

mr. lighthizer who is leading america's dell gauges on trade with the canadians at this point. will not read that positive or negative except to say. ashley: more of the same. stuart: more of the same. talking to face the cameras to report where things are. it is a status report. liz: optimism here on think, i think there is optimism on both sides. the two leaders, mr. trump and mr. trudeau we could get this done, wrapped up by tomorrow. the market still down 6or 70 points that is it what you got. statement by the canada foreign minister. down but not much by the opening bell. >>> good news for nfl. "blue lives matter" working with the new york jets. they will honor police at football games. how about that? >>> starbucks wants to make the frappuccinos he will hi thinker. cutting down on sugar and calories. did you know that the care medical frappuccino you could buy right now has almost as much sugar than two candy bars. ashley: yes, not surprised. liz h. liz, two mcdonald's hamburger. stuart: it got cheated. no, heated. ashley: and cheated. stuart: new york governor cuomo goes

mr. lighthizer, she addressed the microphone.ting some kind of progress to have been made. not so. she was asked, has any progress been made? she replied, not yet. we're still working very hard. that was the expression. ashley: we're not there yet. stuart: we're not there yet. she said she represents canada's interests. they want a good deal, not just any old deal. they would not discuss individual issues in public and those issues would be resolution of disputes and the dairy tariffs which canada imposes on our dairy products. they will not discuss that in public. i don't know why she comes out so often? ashley: she comes out and says the same thing, nothing. we're working hard protecting canadians interests. we get that we're miles apart when we began this process a year ago, she said. we're working hard. she said, there have been moments of drama throughout. making the thing blake burman was talking about, off-the-cuff remark made by the president in interview with bloomberg. could be latest example of drama, the question of g

mr. robert lighthizer. finish.nd the support we get from the white house through jared kushner. [speaking spanish] >> translator: and i also extend this recognition to the mexican team -- [speaking spanish] >> translator: we are listening to you, they are close to you right now. [speaking spanish] >> translator: foreign minister and the secretary of the economy [speaking spanish] [speaking spanish] >> translator: this has, of course, been a negotiation that has taken months. it's been difficult, public. it's a very hard negotiation altogether with difficult moments, of course. but i truly acknowledge now the fact that we've been able to reach an agreement that we are about to make public, and this is the result of good understanding and good work. and i, of course, i am quite hopeful that now canada will start discussing with the united states the bilateral issues. [speaking spanish] >> translator: congratulations. [speaking spanish] >> translator: i'm very grateful, and i am attentive to your comments. >> well, mr

ambassador lighthizer: well, i would say, first of all, mr. president, i would just underline what you say, and that is that we have an $800 billion trade deficit -- something that's not sustainable over a long period of time. and i appreciate the opportunity to go out and negotiate these deals one at a time. in terms of nafta, right now we're meeting with the mexicans, literally, as we sit here. and i'm hopeful that in the next several days we'll have a breakthrough. there's still some difficult issues to work on. those are always hard at the end. i know you -- the president: and, by the way, bob, if we don't, that's okay. that's okay. if you don't have breakthrough, as you call it, don't do the deal -- because it's a lousy situation for the united states. we have much better alternatives than that. you understand. ambassador lighthizer: yes, sir. the president: so if you can't make the right deal, don't make it. all right? ambassador lighthizer: yes, sir. the president: i only tell him that every day. ambassador lighthizer: it is -- yes, sir

lighthizer at the u.s. trade representative's office. mr. beatty, thank you for sticking around.e have talked about some concessions that could happen in the dairy sector. if the primeime, minister is saying a bad deal is deal, is that also true for canadian businesses? you put the question earlier, but what constitutes a good deal? the same question should be asked, what constitutes a bad deal? what is a worse deal than having no nafta at all? we will have to look at what the final package is. the disappointment in this process is we had an opportunity here, to negotiate something that was much better, much more modern, much more efficient, with deep in the trading relationship in all of north america. the position that was taken by the united states was that we had to have nafta, minus instead of nafta plus. that means we will have to end up with something that is less good than we had previously. least have done away with the answer to the we are facing today and could at least ensure that in the broadest terms, the nafta under whatever name still exists, we will have to see w

lighthizer was a contentious gentleman when he came to the japanese negotiation a couple decades ago. greg's mro and the china hawks are winning, clearly. the talks last week did not yield much. no real agreement. they were the beginning of talking. there was $16ed, billion in tariffs that took effect on both sides. clearly, there is a lot more to go. the hawks want to see not just more access to the china market like for soybeans and commodities, which had been the earlier goal, but also to see some major structural changes in the way china conducted straight. -- conducts its trade. anna: the hawks on the ascendancy, and to what extent are they dictating policy? does the government remain divided? >> there is still a lot of division. they have the president year. ear.esident's year. -- there are many who are not happy with this change in tone. there was a hearing on capitol hill last week where they had a lot of discussion from the public saying that tariffs are what amounts to six mid -- 6000 products cannot be good for the economy. there is concern about that. including in the farm belt wher

my counterparts, ambassador lighthizer has done a phenomenal job speaking to his counterparts, and jared kushner was terrific in managing these issues with mexico as well. >> mr did you listen to jay powell's comments last week >> i did read them >> so is he -- can you give us a little color on how you thought -- we had bullard on here saying don't mess with the yield curve. he almost sounded like he thought we were at neutral already. i don't think that's what jay powell was saying. do you think we're already at neutral and would you persuade chairman powell not to raise rates any more do you agree with the president in that respect? >> well, i think, as you know, as treasury secretary, i respect the independence of the fed. i meet with jay powell on a weekly basis we talk about a lot of economic issues it would be inappropriate for me to comment on interest rates in that position. but what i would say is i think jay has been a phenomenal leader at the fed i think he understands the issue of growth and he's carefully monitoring the growth numbers and the inflation numbers and we'll see. i, for one, am not at all concerned about the yield curve. i don't think

lighthizer late yesterday joining us now to talk about this, robert holliman former deputy trade representative under the obama administration and president of cromwell and moring international like so many things, mrm the president and the administration about how great this deal with mexico is, and then critics say, i don't know, i've heard it likened to the north korean agreement, that it accomplishes very little or we won't know how much it accomplishes until later what does it accomplish, anything positive? >> well, it's encouraging that we've now come to a general agreement with mexico. what we've got to get now is to get canada to the table. really think of nafta as essentially elective surgery it was sort of a pacemaker, it's at the heart of our economic strength as a country. it needed to be updated. we've now gotten part of the work done. but the final work really comes in working out a deal with canada so that this truly is a north american deal. so the remaining elements have to be added. but now that we've gone down this path, it's good that we've gotten the framework of a deal on the table with mexico. >> is managed trade something that always benefits the countries involved that was