a deadline arrived today for canada to sign-on to a new nafta deal.ve the director of white house trade. peter, thank you for joining me. >> good morning. >> are we close token di to can. >> i just spoke to the team and i'll update you on that. president donald j. trump has been putting the best performance of trade in history. it's really truly extra ordinary. the media has under reported the actions and results. exhibit a is last week when president trump orchestrated a ground baking deal with south korea. open negotiations with japan. he worked with our alleys with japan and europe. >> peter, i know you had a fantastic week in terms of trade. we only had a few minutes. i want to get to the meat and potatoes. one issue is the chapter 19 dissubstitute pan -- dispute panels has that been agreed upon. >> here is were things stand. a broad brush of the deal is we want to restore north america as a manufacturing powerhouse. the deal with mexico will do that if canada comes in. there is a modernization component that brings like protection for digital i.t

. >> chris: on this labor day weekend we will discuss what a new nafta means for america's workers withhe head of the country's largest group of units, afl-cio president richard trumka, only on "fox news sunday" ." then. >> twitter and facebook, they are really treading on very, very troubled territory. >> chris: we will ask our panel about regulating google to what it claims is political bias in its search service. and our power player of the week. country music legend dolly parton. >> there are many things that i do, this is the one that's nearest and dearest to my heart. >> chris: all right now now on "fox news sunday" ." and hello again from fox news in washington. the big story this week is confirmation hearings for judge brett kavanaugh, president trump's supreme court nominee who could shift the balance of power on the court for a generation. he faces days of tough questioning from a senate judiciary committee. in a moment we will speak with two leading members of that panel. but first, the nations long goodbye to senator john mccain senator john mccain. mccain will be laid to re

the president tweeted, "there is no political necessity to keep canada in the new nafta deal.we don't make a fair deal for the u.s. after decades of abuse, canada will be out." >> because we can't have these countries taking advantage of the united states anymore. it's very simple. >> reporter: president trump touched on trade at a rally in north carolina friday night just hours after trade talks with the canadians broke off without reaching a deal. while those talks were set to resume next week, the president has expressed willingness to move forward with a new nafta, one that excludes canada. the ongoing russia investigation also drew the president's ire this morning, retweeting a report that accuses the f.b.i. and department of justice of being corrupt. it comes as former trump campaign foreign policy adviser george papadopolous prepares for sentencing next week after pleading guilty to lying to the f.b.i. about his role in attempting to arrange a meeting with russian officials, a sentencing memorandum submitted friday night says, "mr. trump nodded with approval about such

terms nafta 2.0, new nafta. if some trilateral deal does get done, do you think there is any way president trump cause it nafta 2.0? agreed nafta is the victim of a bad brand. was usmc.s suggestion i think the united states marine corps would object to that. if they want to work on a better brand, go for it. i do not think anyone inside the tent is wedded to it. host: springfield, virginia, republican. to -- ii just wanted know in the u.s. we get tied up asinternal politics and someone who looks a canada from the outside, there seems to be -- there is not as much of good pleasure -- displeasure. i am wondering if you think as he continues to delay an outcome dostretch this negotiation, think canada will find themselves in a better position or a worse position to negotiate a trade deal? guest: it is a fine line. negotiators have been clear since the beginning that this has body -- got to be a better deal when they leave them when they started. they cannot take shortcuts. been the school vice president obama -- vic

there is no political necessity to keep candidate in the new nafta deal. candidate will be out. congress should not interfere with these negotiations or i will simply terminate nafta entirely and we will be better off. negotiatingy the posture, one of the things in this situation that's interesting is he is essentially potentially alienating the biggest constituents. there are lawmakers who are close to canada literally. they trade with canada. they have companies and jobs tied to them. the president fired off a tweet at the afl-cio. he also said he's not sure how this works without canada. unions,ses the labor that's a hit to his negotiating power. david: somerset we are not sure we want 10 in. it's not clear he has the authority to end the treaty. >> let's be clear, this will be dependent on how much congressional support he can get. i don't think we've seen this amalgamation of opposition to a policy position since he's been in office. it's not just the unions and gop members of congress. said of business groups of we want a trilateral deal. ,hat's what we were expecting that'

the present tweeted, there is no political necessity to keep canada in the new nafta deal. e don't make a fair deal for the u.s. after decades of abuse, canada will be out. interferehould not with these negotiate and i will terminate nafta entirely and we will be better off. he is said to put additional tariffs on chinese goods this week. joining us to talk about what alex.s when we look at these shots on negotiations for canada trying to get a win-win-win, we see that when they return wednesday? congressy do because is on their site here trump is alone in trying to strong-arm canada into capitulating on nafta. he has no support for that. congress will not ratify a deal that is mexico only. caroline: i see. so these tweets, do they hamper negotiation that light heizer has in the end? alex: it is hard to know what is .n trump's mind you may be just as happy scrapping nafta altogether. that was a campaign promise. i don't think he has any problem terminating the deal and having no free trade agreement with mexico or canada. caroline: could that happen is congress is against it

he tweeted this, quote, there is no political necessity to keep canada in the new nafta deal if we don't make a fair deal for the u.s. after decades of abuse, canada will be out. congress should not interfere with these negotiations or i will simply terminate nafta entirely and we will be far better off. officials hope to have a deal yesterday. that was the informal deadline. it didn't happen and u.s. and canadian trade reps are now set to restart negotiations on wednesday. there are reportedly still a number of issues to sort out. >> they have taken advantage of our country for many years. tremendous, tremendous trade barriers and they have tremendous tariffs. dairy products are, do you know this, mark, almost 300% tariff. nobody talks about that. reporter: in addition to dairy tariffs, there are reportedly disagreements over a ten-year requirement for data protection for biological drugs and how that might impact the pharmaceutical industry and the cost of drugs. when asked biabout it, canada's trade rep said she would not negotiate in public. >> we are working very hard and making pro

he wrote, quote there is no political necessity to keep canada in the new nafta deal. we don't make a fair deal for the u.s. after decades of abuse canada will be out. congress should not interfere with these negotiations or i will simply terminate nafta entirely. we i will be far better off. he end ad follow-up tweet, we'll make a new deal or go back to pre-nafta. president's top economist here at white house, kevin hassett saying on fox business in the last half hour, he is optimistic that the u.s. and canadians will strike a deal. watch here. >> we're confident that the talks will go well and the agreement with mexico is designed to be attractive to canada. reporter: if the canadians are skeptical already that the president might not want a three-way trade deal between the united states, mexico and canada, bob woodward's new book set to be released next month could illuminate some of those concerns for the canadians because there is starting to be a drip, drip, from what is inside of that book. "the washington post" obtained a advanced copy of it. the post went thro

he wrote there is no political necessity to keep canada in the new nafta.f we don't make a fair deal for the u.s. after decades of abuse, canada will be out. he warned congress not to interfere, or he would terminate nafta entirely. this.asny is watching has the president really and simply pulled the rug on talks? ros: it sort of looks like that from his tweets, and we know the president loves a good cliffhanger, so he could be putting this out as a negotiating tactic and hoping canada will make concessions when negotiators come back into town as they do wednesday. freeman from candidate will be back in washington for more talks -- canada will be back in washington for more talks. we don't know how far he is going. we don't know what the administration has privately said to lawmakers on the hill, but it is possible he or his cabinet have spoken to lawmakers in the same way he has spoken publicly. strand of advisors in the united states for pointing to the u.s., don't get too hung up on the dairy issue with canada he likes to talk about. billion in$630 bilat

the new nafta deal.lic threats of pulling out of this deal may affect the private conversations that are being had? >> well, the canadian strategy has been to ignore trump's threats. he has been threatening to terminate nafta since his campaign and repeatedly, you know, at various moments in the talks. the canadian strategy is basically to pretend trump isn't president and continue to engage constructively. i think it does have an impact when, you know, the canadian government finds out that he is saying privately that he is not going to compromise at all and at the very least he makes it harder for the canadian government to believe the u.s. side is negotiateing in good faith and makes it harder, i think, for the canadian government to sell a deal to the canadian public when the president is bragging that he didn't give any ground to canada. >> so what is the future of this deal? >> it's so hard to say, honestly. i think there is still a lot of optimism in the business community and the canadian side so

is no political necessity to keep canada in the new nafta deal. make a fair deal with the u.s. after decade of abuse, canada will be out. congress should not interfere with these negotiations or i will terminate nafta entirely and we'll be far better off. he ended up with a second tweet which ended the following. we'll make a new deal or go back to pre-nafta. if the canadians were skeptical that president trump would support a three-way new nafta arrangement between mexico, canada and united states, then bob woodward's new book might illuminate that skepticism. that book comes out next month though "the washington post" and cnn on taked an advanced copy. they have an article that was released earlier today about that book and there is a section in there from at least according to "the washington post" that deals with the president's thoughts on nafta. in one part the post writes, the president wanted to pull out of the nafta negotiations. the anecdote they give, he told then event secretary rob porter that he wanted out. under orders from the pres

to continue this feverish negotiation in an attempt to hit the brand new deadline to strike out a new nafta deal and that deadline ticks down to the end of the month. that's when the president must release the text of a new or modernized nafta final agreement with or without our neighbor to the north. one sticking point is canada's 270% tariff on u.s. milk. a sacred cow for the country that is stuck in the craw of president trump. he really wants this fixed. first on fox business, we have u.s. dairy council export ceo and former agricultural secretary, tom vilsack who is now, as i understand it, the voice of u.s. dairy farmers in the global sales place. you just came back from canada -- i'm sorry, china, where you got a bunch of buyers who descended on the country. what did you hear from them about u.s. dairy and the tariffs president trump is installing and the ones that are still in place from other countries? >> actually, two separate messages. from the folks who are in the business of low commodity sales, the tariffs made it very difficult to continue doing business in the chinese marke

here is one of his tweets saying there is no political necessity to keep canada in the new nafta deal. if we don't make a fair deal for the u.s. after decades of abuse canada will be out. congress should not interfere with these negotiations or i will terminate nafta entirely and we'll be better off. remember nafta, says the president, was one of the worst trade deals ever made. peter doocy live from the white house with more on this. tell us how the president is trying the shape the debate today over nafta. >> he is talking aim at the union boss richard trunca. >> he represented his union poorly on television this weekend. some of the things he said were against the working men and women of the country and tuck cess of the u.s. itself it is easy to see why unions are doing so poorly. a dem now part of the point this weekend was to be supportive of changes to nafta but skeptical until he sees more details. >> we haven't seen whole chapters of the thing. we're anxious to move forward with it and anxious to have all three countries involved because nafta has had a devastating effect on

the canadian foreign affairs 's meeting in washington on a new nafta deal. americans now may be able to transfer more wealth to their kids or grandchildren through tax-deferred retirement accounts. that's the result of an executive order signed by president trump. he told the treasury department to consider increasing the life expectancy rates it uses to calculate how much money retirement -- can take out of retirement accounts. earthquake powerful has knocked out electricity to almost 3 million buildings. than 30 people remain missing. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. shery: i'm shery ahn. amanda: i'm amanda lang. the bloombergby and bn and bloomberg audiences. shery: getting to a deal. anistopher elin strikes upbeat tone. fairfax financial holdings seesman tells us why he big opportunities in india. hong kong zooms past in new york as home to the wealthiest. a checkt started with of the major averages. we are's hearing u

and canada as the president says there is no political necessity to keep canada in a new nafta deal we'llformer canadian prime nier kmistim campbell when "squawk alley" comes back. everything was so fresh in the beginning. but that plug...quickly faded. luckily, there's new febreze plug. it cleans away odors and freshens for 1200 hours. [sniffs] ahhhh! breathe happy with new febreze plug. >>> all right. we haven't checked amazon this many times since cyber monday, but take a look at the stock it's near session highs and been up at least as much as 1.8%. the magic number is just north of 2050. that's 2050.27, that is where that price per share is where amazon will hit that magic trillion dollar market cap and everybody gets a free -- no, everybody doesn't get a free anything it just means that jeff bezos will be that much richer here we are close to session highs. less than a dollar away from that trillion dollar market cap. >> the stock is up 75% this year it has more than doubled over the past 12 months it is a nearly trillion dollar market cap company that is a huge gain for this compan

and canada are back at the negotiating table trying to reach an agreement on the new nafta deal.anadian foreign affairs minister told reporters she was looking forward to what she called constructive conversations today that she entered a meeting with u.s. trade representative robert lighthizer. u.s. and mexico release -- restate limitary agreement last week -- reached a limited agreement last week. kremlin wassays the behind a nerve agent attack against a spy on british soil, to russians are charged our agents in moscow's intelligence military intelligence. police say they used a freight perfume bottle -- fake perfume bottle to transport the poison. 100 people became sick on an emirates fight from dubai to new york, symptoms including fever and a cough. they received medical treatment as the jet was on the tarmac at jfk. a spokesperson for bill de blasio says 10 people were taken to local hospitals. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. david

morning, of course, the president said, quote, there is no political necessity to keep canada in the new naftaeal. he added, congress should not interfere with these negotiations, or i will simply terminate nafta entirely, and we will be far better off. as you said, jon, these negotiations and talks between u.s. and canada are set to start back up this week on wednesday. jon? jon: i know the president made some remarks about canada and nafta negotiations that leaked on friday. those ended up moving the markets. and people say they up ended the talks. who was behind the leak, do we know? >> for now, we don't know. president trump has accused bloomberg of being behind it saying they blatantly violated an off the record agreement, but the reporter of that leaked story from the toronto star, their washington correspondent, daniel dale is pushing back on that. he tweeted this, quote, i said i wasn't going to say anything about my source for the quotes trump made off the record to bloomberg. however i don't want to be party to the president smearing of ethical journalists so i can say this none of t

on saturday, he tweeted this warning, there is no political necessity to keep canada in the new naftaa fair deal for the u.s. after decades of abuse, canada will be out. congress should not interfere with these negotiations or i will terminate nafta entirely and we'll be far better off. there are so much wrong with that tweet. it came after the president told congress we'll move forward with a new trade deal with mexico that we reached next week. canada needs to be apart of any new agreement. let's look at why the u.s. lumber canada trade relationship is so important. canada has become america's second largest trading partner after china. almost 80% of canadian percentage david wi merchandise that is exported and going to the united states and nafta. the u.s./canada traded more than $673 million in both goods and services. the u.s. unlike what the president said routinely, the u.s. has a trade surplus of canada of more than $8 billion a year. that's hardly abusive. since nafta took e if hffect, es of u.s. goods to canada are up to 100%. exports to service to canada are up 243%. in add

of a new nafta deal thus far. have spent much of the day talking about agricultural issues. meanwhile, you've got president trump in a news conference with the polish president, that was yesterday. he defended the additional tariffs on $200 billion in chinese goods. listen. >> we are the piggybank to the world. we have been ripped off by china, we've been ripped off by, excuse me, mr. president, the european union, of which you're a part of. [laughter] we've been ripped off by everybody. and i want to protect the american worker, the american farmer, the ranchers, the companies. cheryl: well, joining us now to react, senior vice president of the u.s./china business council, erin ennis. erin, we're so looking forward to this, to speak with you. first, just your reaction. are we the piggybank of the worked right now? >> hey, the united states is the piggybank to the world, and we are gaining significant amounts of interest. our companies are making profits in markets around the world. it's contributing to a good cost

president trump slams what he terms decades of abuse by canada with a new threat to terminate nafta. ill have the latest from washington. this is bloomberg. ♪ ♪ caroline: live from new york, i am caroline hyde. this is "bloomberg markets." growth rates in europe have dropped to dismal levels according to the person who just concerns about whether a crisis is on the horizon. >> you have to always be on your toes. in italy, we have seen a fundamental change because italy used to be a pro european country. now, you have anti-european forces on the march and on the move. the difference from 2008 is that was instigated by the collapse of lehman brothers which had been previously linked to the subprime crisis. then you had the chain of events happening. you always have to be careful. on the european side, we have created a lot of mechanisms to protect us. but one never knows. >> what are the fault lines for understanding this better? does your need to make a case of why it is good for the citizens? you help with some countries that voted far left or far right? what's a lot of ways. like 90

farmers helped by new nafta, still hurt by china. a new potential trade deal with mexico and canada gives farmers a sigh of relief, but the china battle still looms. we speak to a ceo on his outlook. help, i am melting. the arctic melting faster, opening up new shipping routes. how climate change can help global trade. i'm alix steel, and welcome to "bloomberg commodities edge," 30 minutes focused on the companies, the physical assets and trading of physical assets with the smartest voices in the business. let's kick it off with spot on, the analyst and technical take on our big story. joining me is a commodity strategist, and head of metals research at societe generale. our spotlight is on metal tariffs, the president lowering steel and aluminum tariffs from south korea, brazil, and argentina because of this chart. this is the premium to aluminum, rising most in the u.s., which is the yellow bar. if some of that premium goes away, does that eliminate aluminum upside? >> no, i don't think it does. this exemption is for smaller produci

president trump has negotiated a new nafta deal with mexico but talks with canada stalled.r some off the record comments he made were published that he acknowledged that he won't make any concessions to canada and here's what he said about that afterwords. >> here's the good news, at least canada knows where i stand. because we can't have these countries taking advantage of the united states anymore but it's very simple. >>chris: question, can you support a deal that leaves canada out of the new nafta and will congress pass it? >> chris, before i get to that. just let me say, on behalf of the hard-working men andwomen of this country . wake our country up every day and make her run all day and put her to bed at night. let me wish you a happy labor day and all of your listeners a happy labor day. our economies are integrated. three countries in north america. the economy is pretty integrated. it's pretty hard to see how that would work without having canada in the deal. you said that the mexican deal is closed. there's still a lot of work left to be done even on the mexican

new york. good morning. caller: thank you for taking my call. nafta 2 is a good effort but i want to know, i think the american workers want to know, how much consideration is given to the value of labor across the three states? the displacement of labor that .afta 1 created trump buttrap, not bush -- host: obama? caller: clinton, he campaigned for nafta in a sense that labor displacement will be relocated, the educated, and we would have the displacement we are faced with now. nothing was done. >> that is a great question. i sometimes taken this method 2.0, we do not think enough about -- nafta 2.0, we do not take enough about labor. trump's president campaign statements, workers have been displaced and we need to be balance the scales. what are we doing about labor? there is a great point to be made that labor has been displaced more by automation, more by changes in technology, than by any trade agreement but the fact remains that workers used to have jobs in assembly-line to do not anymore and what are we doing about it? the new nafta include some

canada's finance minister says there is more work to be done on a new nafta with the u.s.. the amazon ceo weighs in on the company transformation from books to selling almost everything under the sun in a real -- rare excuse of conversation. we hear from the outlet that chairman john hennessy on why google was a no-show at this month's u.s. congressional hearing. amanda: let's get a quick check on the major averages. not a lot of action in terms of moves one way or the other. also not a lot of negativity. the broadere for s&p, three points to the upside. we are seeing u.s. banks on the move higher today. that is as we also see the yield on that 10-year treasury above 3%, 3.07 at last -- check. the nasdaq is working slightly. we are seeing it pick up a little bit us beat, a third of her percent to the downside. microsoft, amazon are weaker on the session today. trade remains a focus but this is may less conviction in either direction. shery: still watching the nafta talks but also the trade headlines when it comes to the u.s. and china. at is affecting what the currencies ar

this weekend he tweeted out, there is no political necessity to keep canada in the new nafta deal. congress should not interfere with these negotiations or i will simply terminate nafta entirely. we shouldn't have to buy our friends with bad trade deals. u.s. trade representative robert lighthizer is telling congress if canada is willing, president trump plans to sign a new nafta deal in roughly 90 days. we have sabrina siddiqui and josh lederman. josh, let's start with what the president has and does not have in terms of power. can he do it without congress' approval? >> basically, no. there has to be a lot of congressional involvement in terms of getting rid of the old deal and replacing it with a new deal. and that's really where the question here comes, about whether lawmakers would be willing to accept a deal that's going to replace nafta, that's going to include mexico, but totally leave out our neighbor to the north. the presidents in public comments seems to suggest that this is basically -- he can decide to go either way with this. if canada doesn't want to make the deal wi

farmers helped by new nafta, still hurt by china. tential trade deal with mexico and canada gives farmers a sigh of relief, but the china battle still looms. we speak to a ceo on his outlook. help, i am melting. the arctic melting faster, opening up new shipping routes. how climate change can help global trade. i'm alix stee

they are fearful of the democrats getting control and 2019 and not approving the new nafta.l hard and fast deadline , and if we2 can take it to the 11th hour, we will. we haven't seen as a market reaction in the u.k. to ongoing delays to the brexit deal between the eu and the u.k.. i know your main focus is on the u.s., but what do you make of the political never-ending story of brexit as well? henrietta: i think this is political necessity. i do not think you are seeing something play out about policy to just ask -- policy logistics. they have a lot to work out, but the reality is the same in the u.k. as it is here in d.c.. you need to have a clear illustration to your constituents that you are going to bat for them every day of the .eek, all day, every day that points to an 11th hour conclusion in the u.k. and the eu as well, which to my knowledge is november. we have a whole other month of that drama. fingers crossed, we get nafta worked out before then, but with eu,rds to the u.k. and the we will probably be seeing this back and forth and these press conferences through

can you support a deal that leaves canada out of a new nafta, and will congress pass it?integrated. three countries in north america, the economy is pretty integrated. and it's pretty hard to see how that would work without having canada in the deal. you said the mexican deal is closed. there's still a lot of work left to be done, even on the mexican deal. >> that afl-cio fox news president on sunday, saying a new nafta deal without canada, as president trump's trade policies are under scrutiny, because of the impact that it's making on american companies. of note, harley-davidson announcing this summer it would shift some of its operations overseas to avoid paying steel and aluminum tariffs. prompting a twitter attack from the president regarding trade. nbc's von hilliard is on the ground in milwaukee, where harley-davidson was founded as bikers gather to celebrate the company's 115th anniversary. and von, i don't know if you can hear me amongst all the rumble from the motorcycles around you. but one of the best gigs as always that you have there. what are the bikers tel

and auto was desire to keep independent trade dispute resolution part of a new nafta something the u.s. opposes canadian negotiators say they're still hopeful they can reach a deal on an agreement that doesn't leave canada out we know that a win win agreement is within reach and now it's what we're working towards with goodwill and flexibility on all sides i know we can get there canada's economy is highly dependent on trade with the u.s. more than a billion dollars a day in business flows between the two countries president trumps threats to slap high tariffs on canadian built cars would be disastrous for the country's workers and manufacturers both the u.s. and mexico say canada can be part of a deal to replace nafta many members of the u.s. congress some of them from donald trump's republican party agree but a protectionist trump administration has so far been demanding far more than canada's negotiators have been prepared to give daniel lak al-jazeera toronto. for the first time in twenty years leftist politicians are in control of mexico's congress with almost as many women as men

on twitter the president said quote, there is no political necessity to keep canada in the new nafta e been signed. we will make no deal or go back to pre-nafta. yesterday he made a comment off the record to bloomberg. - - [indiscernible]. according to the toronto star, president trump told reporters, told bloomberg news he is not compromising with canada when it comes to nafta talks and he can't say it publicly because it would be so insulting. he confirmed the remarks at an event in north carolina. an event that was meant to focus on the signing of an executive order related to retirement plans. at another fundraiser, he talked about the leak again and redistricting in north carolina. >> at least canada knows how i feel your so it's fine. [applause] >> i think it's unfair with this whole redistricting thing they're doing in north carolina. how unfair is that? you have an election and a little more than 60 days and they changed the district on you. you've already won primaries. how does that work? the court system. how does that work? there has to be something going on. >>reporter: a

he is trying to force canada to sign a new nafta on his terms. ng opposition in congress. the white house is preparing to roll out new tariffs on chinese goods. that could happen soon after public comments end on thursday. trump once again angry at attorney general jeff sessions. indictmentst blames for endangering the seeds of two congressman during the election. he wrote, good job, jeff. presidentgentina, the -- imposing whatis he is causing -- calling a bad tax on exports. forecasters predict tropical storm gordon will turn into a hurricane before making landfall tomorrow. the city of new orleans has declared a state of emergency. some oil companies have started evacuating crews from offshore rigs. global news, 24 hours a day, on air and on tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: thank you so much. we are getting breaking news out of south africa. i'm going to try to get the roundup in a second. the economy is unexpectedly entering into a recession for the f

. >>> canada plan tos to keep negotiating a new nafta agreement as long as there is chance of success. the prime minister justin trudeau said evenhough the negotiations are tough it's possible to reach a good and fair deal. the comments follow president trump's criticism yesterday. the talks with canada were moving too slowly and he t threaten impose tariffs on cars imported from canada. >>> the $69 billion takeover of aetna by cvs took another step forward.ng aetna is selll of the medicare part d prescription drug plan business with 2mb million s to rival ensurer well care. that sent shares of well care to a new hih. h aetna and cvs rose. berth af coombs has the detailsa >> a and cvs health hope the this will is theur final he to winning regularry approval for the $69 merger. >> selling the entire aetna platform really eliminates the concentration issue sin the. d. p market is the major overlap and there is no change in the market after if if anything well care has to retain members and those members have been used to tha aetna brand. >> medicare part d is the only part ofetna and cv

where they're going to resume next week is it clear who the winners and losers would be a if no new nafta deal is reached and the u.s. does make cohen on its promise to race tariffs on canadian imports. well first of all all three countries with the arms there would be particular industries within each country that would be helped but most industries would be armed you know states and the rest of north america would be a weaker competitor our production in north america would be less efficient and united states consumers with a higher prices and canadian and mexican consumers with a higher prices because of the reintroduction of terrorists that haven't been in existence remember that most complex production takes place using long supply chains and we now produce things in north america books wagon that sucks made in tennessee uses. upholstery and dashboards that come from mexico transmissions and engines like from other places and if you start imposing tariffs on those things it makes the for adoption more expensive and less competitive in a global setting i say that that's very clear pro

without canada lawmakers will be likely to scuttle any new nafta pact, dealing trump and embarrassingoss. let's go to john, from tennessee, on the republican line. caller: i think the president is doing a good job. , lookhe hearings are over at democrats, because remember what he said. when you hit me i will hit you back. steve, ins go to indiana on the independent line. good morning. ,aller: is actually in maryland and i hope that all callers willdless of party realize real -- realize the john mccain is a hero. ronald, in go to bloomington indiana -- bloomington, indiana, on the independent line. i'm calling because i have been a viewer for a number , we are facing a deplorable political condition. i wish there was more public dialogue that addresses the fact big-money defines how government is falling in the hands of big money. it's taking place. one quick example is the cost of higher education. so-called public colleges and universities, are in fact owned by banks. how that came about i don't know , but i do understand. it's deplorable. there are other privatization not we the rep

the risk that a new nafta deal doesn't happen for a while?ay, whatever happens in november, there's going to be a vote after november for the final agreements with mexico and canada. and so these are structured in a way where they should get strong bipartisan support. these are very supportive for business, also very supportive for labor. after all, everybody wins here. we get our manufacturing base back. that's good for companies making auto parts and autos, but it's also good for the workers in there, getting the good wages. maria: it's not going to be good on tariffs for prices of consumer goods in some areas of the economy. procter & gamble sounding off on tariffs this morning, a statement from the company reads this, these imports are necessary to p and g's ability to delight consumers and meet their needs. higher costs from tariffs may translate into higher prices, reduced sales, undermine american jobs, in p and yo & g . operations. we have seen china retaliate. we haven't seen the impact on consumers. i was speaking to a source the ot