well, the future of the three nation north american free trade agreement, oi’ north american free tradeor nafta, hangs in the balance with the deadline looming. after months of negotiations, talks between the us and canada haven't produced a new set of trade terms. in august mexico and the us had a preliminary bilateral deal, and president trump is threatening canada that bentiu nations will present head, leaving out canada, which means the end of the trilateral trade pacts —— that the trilateral trade pacts —— that the two nations will press ahead. but some don't think they will reach an agreement over the main sticking points by the deadline. the main points by the deadline. the main points are access to the canadian dairy market, which likely would be the compromise point i think a lot of people in canada, who generally support opening up the dairy market, lower prices for consumers in canada as well, and the other point is very much a real sticking point, which is removing the arbitration centre and putting any arbitration issues in the hands of national courts. and that doesn't see

the us and canada fail to reach a new north american free trade agreement. star—studded send off for aretha franklin at a funeral ceremony in her hometown of detroit. the world is celebrating you. and the world is mourning you. and the world is going to miss you. and sweden hosts a women—only music festival in reaction to a series of sexual assaults at events last year. hello and welcome to bbc news. america is to stop its large contribution to a un agency which supports palestinian refugees — saying it's irredeemably flawed. the state department said washington will hold talks with the un and others to consider new approaches to the conflict between israel and the palestinians. i asked our washington correspondent chris buckler what prompted this move. i asked our washington correspondent chris buckler what prompted this move. well, i think there are several different things here. first of all, america feels it's been funding this programme, has been leading certainly in terms of funding this programme, for a number of years and it doesn't want to carry tha

take it or leave it that's what trump told the canadians over the reworking of the north american free trade agreement canadian prime minister trudeau replied that he was holding out for a win win deal rhetoric aside both parties have agreed to head back to the negotiating table today and with good reason the potential three way deal with mexico covers a trillion dollars worth of trade. prime minister trudeau didn't seem too concerned despite the importance of a trade agreement with the u.s. three quarters of canada's international commerce is with its southern neighbor but he said he didn't want to deal at any cost. we will not sign a deal that is bad for canadians and quite frankly not having a chapter nineteen to ensure that the rules are followed would be bad for canadians chapter nineteen of the trade agreement is a mechanism to resolve disputes through arbitration tribunal's so far the white house has refused to give ground president trump wants things done his way on his way to the golf course on the weekend he used twitter to threaten that he would stop talking to canada in that case candidate

and canada have missed a deadline to revamp the north american free trade agreement talks ended on friday without a deal but they will resume on wednesday president donald trump told congress that he will press ahead with a new agreement with mexico. russia and ukraine are accusing each other of killing a separatist rebel leader in eastern ukraine alexander. died in a blast at a cafe and on yet russia says that ukraine is trying to destabilize the region. at least twelve yemeni fishermen have been killed in a saudi ever ossie coalition air strike according to who the legs media they say that it happened off by an island which is part of call data province the coalition says the boats were being used to smuggle weapons more now from alan fischer who's in neighboring djibouti. the picture is slightly confused what we were told initially was that seventy pressure men were missing after the coalition targeted three ships near this island that has no been revised to the media reporting that nineteen pressure men are missing presumed dead although no one can get to the area of what exactly what

and canada mr deadline to revamp the north american free trade agreement talks on friday and broke up without a deal about the resume next week down the lack reports in toronto. president trump has long said nafta was unfair to his country and he was visibly pleased when he announced last monday that u.s. and mexican negotiators had reached a deal to replace it canada was left out and trump said the canadians had until friday to give in to us demands so it could join the new pact that deadline is passed with no deal and trump is keeping up the pressure because i love canada but they've taken advantage of our country for many years they have tremendous tremendous trade barriers and they have tremendous tariffs. the sticking points remain what they've been for months u.s. demands for access to canada's highly protected dairy industry. and auto was desire to keep independent trade dispute resolution part of a new nafta something the u.s. opposes canadian negotiate. 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 win agr

and canada have missed a deadline to revamp the north american free trade agreement talks ended on friday without a deal but they'll resume on wednesday president from told congress he will press ahead with a new agreement with mexico. the queen of soul aretha franklin has been interred at a cemetery in the u.s. city of detroit the musical legends coffin was placed in the family's plot where she now lives alongside her father and siblings earlier she was honored at a funeral service the last almost eight hours of the fourth day of remembrance for detroit's most famous resident john hendrick was there. it was a requiem fit for a queen. was. paying tribute risk or of political civil rights in hollywood luminaries r. and b. royalty. a political runner up and a one time head of state all came to remember and pay their respects to aretha franklin the queen of soul. i think that the secret of her great is what she took his massive talent and this perfect culture that razor and decided to be the composer of her own life's all. it turned out to be outside stood a line of pink cadillacs a tribute

being on board with us coming up today we update the trading situation related to the north american free trade agreement and get some details about. the importance of the trading relationship especially with regard to canada scott but dard from i.h.s. market helps us look at the data details plus we get an update and new news on that glide poisoning in foods that story we've been covering are two sarah monsters the oka is here and we talked about global markets and u.s. markets and more with the founder and president of investors advantage corp john grace will join us from los angeles plus from los angeles to defy other places around the globe the wealthiest people among us the proverbial one percent are using luxury airports archies militaire and gives us the details but first we had a few headlines. all eyes were on washington this afternoon as talks on the inclusion of canada in their rewrite of the north american free trade agreement are still in progress as we go to air ahead of today's trip self-imposed deadline for completion u.s. and canadian negotiators are trying to reach an agreement in time

the us and canada fail to reach a new north american free trade agreement. in her hometown of detroit. the world is celebrating you. and the world is mourning you. and the world is going to miss you. and sweden hosts a women—only music festival in reaction to a series of sexual assaults at events last year.

and i don't think you can have a north american free trade agreement without having another part of northich is canada, in the deal. >> chris: let me pick up on that with you, marc lotter, because talks with canada stalled on friday over it seems to issues, one is continued dairy protections inside canada and secondly, the publishing of off the record comments by president trump where he basically said i'm not going to offer any concessions at all to canada. does this deal go through? and primarily i guess i'm talking about congress, does this deal go through without canada onboard? >> i think it makes it much easier if canada is on board to get it through congress but this is very tough negotiating with the president and the prime minister and the canadian officials. the president is very clear he wants to get this done. he wants canada to be involved and it's a question now of can they make enough concessions to make it fair on both sides. i think they will. >> chris: let's turn to another big story this week and that is president trump complaining that google's search engine when you p

and canada to rework the north american free trade agreement have ended without a deal this after the other signatory to the three way pact mexico said earlier in the week that it would sign up to the reworked text us and canadian officials are expected to attempt a new round of talks next week. donald trump's friday deadline for a deal came and went with no three way agreement ahead of the talks canada's top trade envoy appears less optimistic about striking a deal with washington as has been the case from the very beginning that canada is the country that is kids at finding win win compromise with having said that in trade negotiations in this negotiation will always stand up for the national interests and that is what we're going to continue to do we're looking for a good deal not just any deal ands we will only agree to a deal that is good for canada we're not there yet the u.s. and canada have been wrangling over several key issues including the automotive sector american demands for greater access to canada's dairy markets patent protections for medicines and it was insistence o

and canada sort of mend the north american free trade agreement to restore old off to four days of negotiations the countries remain divided over access to canada's dairy market a medical peyton's also hopes to sign on to the u.s. and mexico's revised accord and talks are set to resume on wednesday. nicaragua's government has ordered a team from the u.n. commission for human rights to leave office of the body published a report accusing nicaragua of violent we were pressing opposition protests the chief of the un mission get mossad in the desert said his team would continue to monitor the situation from abroad from. one of the main a separatist leaders in eastern ukraine has been killed in a bomb explosion and exam there's a hot lead russian backed separatists in ukraine's donetsk region he died in the blast a cafe in the city of donetsk russia has accused ukraine of assassinating him to escalate conflict in the region that kiev tonight is the claim with some officials suggesting as a touch and cause death could have resulted from disputes between rebels and russia . this is the aftermath of a

and canada to amend the north american free trade agreement of stalled after four days of negotiations the countries remain divided over access to kind of does do the markets in medical patents auto or hopes to sign on to the u.s. and mexico's revised record talks are set to resume on wednesday. brazil's former president lula da silva has been barred from standing for the presidency again by the country's top electoral court has been imprisoned for corruption and all but one of the judges voted against him being allowed to seek reelection. government has ordered a team from the u.n. commission for human rights to leave and that's after the body published a report accusing the violently repressing opposition protests the chief of the u.n. mission gear more. said he would continue to monitor the situation from abroad. and here's a reminder of the top story we're following for you left and right to be. getting under way in the eastern german city of camden it's the city has come international focus of middle way of unrest following a feat or stabbing allegedly committed by migrants.

us negotiators in "intense" talks, says trump — as they try to agree a revamp of the north american free trade agreement "if it doesn't work out, it'll be fine for our county but it won't be ok for canada." and in business insider, having a positive mental outlook is an important trait if you want to get rich. after studying hundreds of people both rich and poor, an expert says self—made millionaires all have this one personality trait in common. and don't forget let is know what you are spotting online — use the hashtag bbc—the briefing looking at the markets at the moment... spike by turkey and argentina currencies and deepen. little bit of a spin and abet market and concern about the broadening prices around asia. this is how the dow ended the day in the us. plenty more coming up. before we go, we will have a quick look at the nikkei. lots more coming up in news briefing. britain and france have agreed on the principles of a deal that would end a dispute over scallop fishing in the english channel. there were confrontations between boats from both countries last week when french fishermen accused bri

and canada to amend the north american free trade agreement have stalled up to four days of negotiations the countries remain divided over access to canada's dairy markets and medical patents auto hopes to sign on to the u.s. and mexico's revised accord talks are set to resume on wednesday. a moral service for the late us republican senator john mccain has been held at the national cathedral in washington d.c. a vietnam veteran mccain died last week eighty one to battling brain cancer among those who spoke at the service were former president barack obama and george w. bush both of whom defeated mccain in the race for the white house president donald trump who had a bitter feud with mccain was not invited to attend so that service obama delivered a unity for mccain where he praised his lifelong commitment to serving the american people by his own account john was a rebellious young man in his case that's understandable what faster way to distinguish yourself when you're the son and grandson of admirals and to munich. eventually though he concluded that the only way to really make. his ma

and canada to amend the north american free trade agreement of stalled after four days of negotiations the countries remain divided over access to canada's dealy markets and medical patents auto hopes to sign on to the u.s. and mexico is revised record talks are set to resume on wednesday. the last public memorial service for late u.s. senator john mccain is due to begin shortly now the motorcade has left the capitol building and stopped at the vietnam veterans memorial before arriving at washington's national cathedral former presidents barack obama and george w. bush are set to deliver you know jews will be laid to rest on sunday at the u.s. naval academy in maryland president donald trump who had a bitter feud with mccain was not invited to attend the statesman died last week aged eighty one after battling brain cancer. well joining me now is tyson barkley is a program director at the aspen institute here in germany and he's also an expert in trans transatlantic relations thank you for joining us thank you so the memorial service is due to start about an hour from now and as we've h

and canada to amend the north american free trade agreement stalled after four days of negotiations the country's remain divided over access to canada's daily market and medical patents auto hopes to sign on to the u.s. and mexico has revised accord talks are set to resume on wednesday. brazil's former president lula da silva has been barred from standing for the presidency again by the country's top electoral court you know has been imprisoned for corruption and all but one of the quotes judges voted against him being allowed to seek reelection. a giant balloon resembling a bikini clad acidic has been flown in london as part of a campaign to oust the male organizers raise some sixty five thousand euros for the stunt it comes after can defended the flying of a similar depicting u.s. president donald trump during his visit. rival demonstrations are underway in the eastern german city of chemist's far right groups including germany's largest opposition party the anti migration have said they will march in silence this evening left wing counter demonstrators have also been gathering in the

the us and canada fail to forge a new north american free trade agreement.ranklin at a funeral ceremony in her hometown of detroit. the world is celebrating you. and the world is mourning you. and the world is going to miss you.

roughly twenty five percent and dancing another stated policy goal and for more on the north american free trade agreement and the particular impact related to canada i spoke a short time ago to scott de barge an expert analyst at i.h.s. market who joined us from london. scott welcome thank you for joining us from london we sure appreciate it i mean there's been a lot of political discussion between the folks in u.s. canada and mexico and some of that i don't think gets down to the real benefits or maybe the lack thereof but what has been the real reward for canada as part of nafta. well certainly canada's experience tremendous economic growth benefits because of nafta all parties have benefited trilateral trade has nearly quadrupled from just under three hundred billion u.s. dollars per year to just under one point two trillion billion u.s. dollars per year but certainly has experienced a lot of economic growth because of it roughly two point five percent. more economic growth per year than they would see otherwise that is to say that economic growth tends to be g.d.p. growth to be clear tends to be two

president donald trump is want congress against interfering with negotiations on a new north american free trade agreement on nafta trump says there's no need to keep canada in the pact the day after both countries missed a deadline to revamp the deal talks are set to resume next week on monday trump unveiled a new bilateral trade deal with mexico which pressured canada to speed up to go see asians. leftist politicians are in control of mexico's congress for the first time in twenty years new m.p.'s from the president elect's party dominate the lower house of the senate with almost as many women as men under as manuel lopez obrador has promised to change how congress works john holdren reports from mexico city. it's a historic new mexican congress for the first time since democracy the left has a clear majority. for your own party marina and its allies swept the board giving populist president elect and his money well lopez obrador a legislative power not seen in twenty years it's used to promise a new austerity plan that would have the salaries of lawmakers and dramatically cut their perks bodyguards tea

and canada have missed a deadline to revamp the north american free trade agreement talks ended on friday without a deal president donald trump told congress he will press ahead with a new agreement with mexico canada's foreign minister still optimistic a deal can be reached. russia and ukraine are accusing each other of killing a separatist rebel leader in eastern ukraine alexander as a car chain code died in a blast of a cafe in donetsk russia says ukraine's trying to destabilize the region. the queen of soul aretha franklin has been on a date a marathon farewell ceremony in a home city of detroit. musicians and politicians paid tribute to her in an eight hour ceremony featuring her most memorable song she died two weeks ago from pancreatic cancer. nicaragua's governments expelling a u.n. human rights team investigating abuse allegations president daniel ortega dismissed a un report accusing him and his government of ignoring human rights violations during anti-government protests. well those were the headlines the news continues here on al-jazeera after witness such with us watching bu

let's stay in the us, where time is running out to save the north american free trade agreement.called it the "worst deal in history," blaming it for the loss of millions of us jobs and vowing to shake it up. he has already got mexico to agree to new terms. but there's been seemingly little progress with the third partner canada, amid reports he refused to meet prime ministerjustin trudeau for talks this week. the big sticking point is dairy. canada imposes import taxes or tariffs of between 200% and 300% on foreign milk products and president trump says this is just too high. he has threatened to hit what he calls the "motherlode" of canadian exports to the us, the car industry, a trade worth $200 billion a year. the us wants a new deal signed off before the new mexican president takes office on december i. us law states any trade text has to be published 60 days before a vote, so a deal must be done by this monday, october i. there is a huge amount at stake. around $1.2 trillion worth of goods are traded between the three countries every year, and a failure to agree a deal woul

agreement with mexico at least that are good for american workers. >> i think you also democrats very much want to see a north american free trade agreement that investsorkers and sections. both borders. i think you heard that from what richard trumka was saying. >>chris: but raising the wage to $16 an hour. >> right. those are actually things many of us as democrats have been calling for for a long time we can have free trade but if it's not fair on both sides of the border, it really doesn't work. it doesn't keep workers here. and it doesn't make sure workers in mexico are being paid what they need. i don't think can have a north american free trade agreement without having the other part of north america which is canada in the deal too. >>chris: let me pick up on that with you marc lotter. talks with canada stalled on friday over two issues. one is continued protections in canada and secondly, the publishing of off the record comments by president trump where he basically said, i'm not going to offer any concessions at all to canada does this deal go through? i'm primarily talking about congress. does this deal go through without canada board? >> i

and canada missed a deadline to revamp the north american free trade agreement to end it on friday without a deal but they will resume on wednesday president donald trump has told congress that he'll press ahead with a new agreement with mexico kind of this foreign minister is still optimistic that a deal can be reached. it is going to take let's ability on all sides to get to a deal in the end and what i can speak to is the canadian position and i really want to assure canadians that we're working hard to get a good deal we are confident that a win win win deal is possible and we're always going to stand up for the national interest and for canadian values. russia and ukraine are accusing each other of killing a separatist rebel leader in eastern ukraine alexander and co died in a blast at a cafe in donetsk russia says that ukraine is trying to destabilize the region the queen of soul aretha franklin has been all over it a marathon the farewell ceremony at home city detroit. musicians and politicians paid tribute at an eight hour ceremony featuring her most memorable songs she died two we

trade. iean, you name -- about north korea, about the north american free trade agreement, about europe. and what i've tried to do is say, ok, what does he do in each of these cases? but there's a linewe b our discussion before going to see trump and then talki to trump. and the presidency is also about an obligation the peopleho put you there, but not just the ones who elected you. and i always think the job of the president is to establish the next stage of good for a majority of people in the country, not a base,ot one party, not interest groups. and this is one of the things he has not done. robert: what drives those views, though? you talk about 30 years, andn the book, president trump tells gary cohn, his forme economic adviser, i've had these views for 30 years. why does he have those views? bob: he doesn't answer. it's just that's the way it is me,if you disagree with according to trump, you're wrong. so you can't -- we all have to grow. presidents have to grow. and the ability to listen and change or modify little bit, is the core of surviving the presidency. and there is, as i

moving along in addition to policies put in place like welfare reform and free trade deals such as the north american free trade agreement and significantly financial deregulation was taking place within the clinton administration and then through the nine hundred ninety nine gramm leach wiley law which repealed the glass steagall act a law enacted the in one nine hundred twenty nine after the stock market crash as banks were.

and canada continue to try and work out an updated version of the north american free trade agreement the trump administration is expected to add a 25% import tax on china today. china says it will retaliate. >>> the dow rose 20 points, the s&p 500 rose 10 points, and the nasdaq slunk 72 points. >>> today they're expected to show employers added 191,000 jobs. now yesterday the labor department reported that 203,000 people applied for jobless benefits last week. that marks the lowest level since december of 1969. >>> ford is recalling some 203 million pickup trucks because of a possible fire with seatbelts between 2015 and 2018. ford says it knows of 17 incidents involving seatbelt pretensioners. the system works in tandem with airbags and involves an skploes everybody charge that locks seatbelts in place. there have been nearly two dozen reports of smoke or fire. >>> a hacker broke into the british airways website last month stealing customers' data for two weeks. nearly 400,000 b.a. customers were affected. the information involved personal and financial details that weren't tied to

moving along in addition to policies put in place like welfare reform and free trade deals such as the north american free trade agreement and significantly financial deregulation was taking place within the clinton administration and then through the nine hundred ninety nine gramm leach bliley law which repealed the glass steagall act a law enacted the in one nine hundred twenty nine after the stock market crash as banks were being destroyed during the great depression the last stigall importantly separated investment banking from commercial banking the concern was the improper speculating role commercial banks were playing in the stock market using in part their own customers money they were seriously self-serving some said greedy and place not only the financial sector but the entire economy in precarious peril and when those bank speculative bets went bad the markets melted down crashing with contagion not only amongst the banks but other companies and other sectors of the economy for the last years of the clinton administration the economy was booming with excellent growth the last year in one thousand nine hundred

the us and canada have failed to strike a deal to amend the north american free trade agreement, despiteeek of talks. president trump has said he'll sign a bilateral deal with mexico if canada doesn't agree to the terms being offered. friends and relatives have been paying their final respects to aretha franklin at an invitation—only funeral ceremony in detroit. famous faces attending included jesse jackson and former president bill clinton. he described aretha as the voice of a generation if not the century. he was stubbornly optimistic deal was able to be reached. the big hold—up is over parmesan cheese, parma ham and polish vodka. why? because brussels wants the uk to replicate the european system that protects some regional european products and stops them being made anywhere else, and the british government isn't too sure about signing up to that. there are still big divisions between the two sides about this eu backup plan for preventing the reintroduction of customs checks on the irish border, a situation michel barnier, the eu chief negotiator, says is urgent and critical. but wh

and canadian trade negotiators resume talks today to redraft the north american free-trade agreement.tiators met yesterday in washington for the fourth set of talks but have yet to resolve major issues, including canada's high dairy tariffs. they reached a preliminary deal with mexico last month designed to shift more auto production to the u.s. the president is looking to exclude canada from a deal if necessary. >>> an wall street, the banking sector made gains. >>> goldman sachs, jp morgan chase finished around 3%. overall stocks finished mixed yesterday. the dow jumped 158 points, finishing at its highest close since january. s.a.p. gained 3 and nasdaq lost 6 points. >>> they want a jury to throw out a $189 million award to a man who said his fertilizer left him with cancer. in court documents, they failed johnson failed to prove roundup caused his lymph foama. he's a former school groundskeeper. they said last month they should have provided a label warning of potential health hazard. johnson's lawsuit is among hundreds alleging roundup caused cancer. >>> amazon is making a bigger

moving along in addition to policies put in place like welfare reform and free trade deals such as the north american free trade agreement and significantly financial deregulation was taking place within the clinton administration and then through the nine hundred ninety nine gramm leach wiley law which repealed the glass steagall act a law enacted the in one nine hundred twenty nine after the stock market crash as banks were being destroyed during the great depression the last stigall importantly separated investment banking from commercial banking the concern was the improper speculating role commercial banks were playing in the stock market using in part their own customers money they were seriously self-serving some said greedy and place not only the financial sector but the entire economy in precarious peril and when those bank speculative bets went bad the markets melted down crashing with contagion not only amongst the banks but other companies and other sectors of the economy for the last years of the clinton administration the economy was booming with excellent growth the last year in one thousand nine hundred n

lweek mexico reached a preliminary deal to replace the north american free trade agreement. >>> congressionaly facebook and twitter executives sent tech shares lower yesterday. twitter fell over 6%. facebook lost over 2% of its value. companies like amazon and netflix also lost ground, but overall stocks finished mixed yesterday. the dow gained 22 points, the s&p 500 lost 8 points, and the nasdaq tumbled 96 points. >>> the department of justice is reportedly ready to approve two giant health care mergers. one is a $69 billion deal between the pharmacy chain cvs and the insurance company aetna. the other is between the pharmacy manager express grips and insurer cigna worth $54 billion. the deals would create mega companies containing numerous health care businesses. >>> meantime a federal judge says the food & drug fast enougto iew rncitte packages and advertisements. the previous graphic warnings were struck down after they were challenged by the tobacco industry. the judge has given the fda until later this month to come up with a plan. >>> and uber is implementing new safety features to pro

it looks like it may take a little longer to reach a deal to replace the north american free trade agreementve broken up for the week without striking a comprose with canada, despite the announcement earlier in the week that the u.s. had worked out a framework with mexico. canada's foreign minister gave this assessment a short time ago. ms. freeland: we are not there yet. this is a very complex agreement, and we are going continue working at it. as we have said from the outset, our objective in these talks isu ate and modernize nafta in a way that is good for canadians, good for americans, and good for mexicans. jane: the bbc's chris buckler joined me earlier to discuss the negotiations. where does this leave negotiations? chris: they keep on talking is the si the problem is it is not one issue, it is a range of different problems. when youake a look, they're talking about patent protections for medicines, how trade disputes are handled. canada is very upset about the tariffs on steel and aluminum. from the american point of view, there is particular frustration about agriculture and dairy.

agreement not to merge with viacom. the deal could make cbs a target for a takeover. >>> trade talks between the u.s. and canada resume today in washington. talks to renegotiate the north american freegreement have been ongoing for more than a year. the main sticking points involve canada's dairy quota and autos. the u.s. struck a deal with mexico, the third nafta partner. president trump says he's ready to tear up nafta and push ahead without canada if necessary. >>> boeing has started bringing back retired workers to try and address production delays on its 737 aircraft. boeing says its plant in renton, washington, is experiencing shortages of engines and fuselages, and it's unclear how many retired workers bowing is hiring. today boeing releases order and delivery numbers for august. last month deliveries fell to the lowest level in years. >>> and the sandwich chain subway is no longer requiring franchise owners to offer the popular footlong deal. introduced five years ago, the footlong became a huge hit for subway. franchise owners started to complain that the promotion was unprofitable and left some unsolvent. subway relented, and now they can offer it or not. >> they may get r

donald trump said on saturday there was no need to keep canada in the north american free trade agreementt to meddle with trade negotiations, 01’ to meddle with trade negotiations, or he says he will simply terminated altogether. that spooked investors in the us and also asia because it raises worries over the likelihood over whether there will be a deal with china orjapan and the us so lots of questions over trade. that is how it has opened across europe over the last hour and we have a close watch on turkish inflation, up another 2.5% month on month in august, much more than forecast, so over the year inflation soaring to just shy of 18%, real concern with prices rising so quickly, how can turkey keep that in check? the big question it can deliver. more that with sour. michael hewson, chief market analyst at cmc markets is with us. good morning. nice to see you. indeed. labour day in the us, no action on wall street but the news coming out of turkey, given the news we have had out of argentina as well. this is the problem president erdogan has, turkey has a fiscal credibility problem, t

maintain even the bilateral trade relationship with zero tariffs which is what the north american free trade agreement does with the united states and it's also important to canada to retain that and they're both willing to make some concessions in order to retain that core free trade arrangement and so it may be that count of the gives up some modest commitments with respect to anti-dumping duties mexico give some modifications on what would constitute a north american automobile for purposes of the eligible for zero tariffs so they're willing to do a lot and i think this is you know president trumps art of the deal negotiation style where he prefers to go bilateral first to negotiate in a context where united states power might be applied most effectively. he doesn't need to know what he wants very well and he doesn't seem to be getting things that are really relate to the concerns that he's expressed so as far as we understand the negotiations with have got no 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

he has demanded renegotiation of the trillion dollar north american free trade agreement — calling itver made‘. so far mexico has agreed new terms — but canada is still in talks. he has also hit the european union with import taxes on steel and aluminium — to try and protect us metalworkers. the row has seen europe retaliate with tariffs on us goods from whisky to motorcycles — but an uneasy truce has held sincejuly. and he's sparked off a major trade war with china — that has seen billions of dollars of goods taxed on both sides. the trump administration is threatening tariffs on a further 200 billion dollars of chinese goods — effectively everything it exports to the us... he has even raised doubts about the future of the world trade organisation — which sets the rules for international trade — threatening to pull the us out altogether. joining us now is cailin birch, who's a analyst at the economist intelligence unit. donald trump appears to be single handledly dismantling the world's trading status quo. did we need this shakeup? the news has been overwhelmingly negative and that's

to washington journal, the white house is on the verge of making major change to the north american free trade agreementannouncing its intention to sign a bilateral agreement with mexico. however, a major impact seems to be happening with canada. with the canadian government and the american government disagreeing on major topics , and other agreements. we want to know what you think about the negotiations on the nafta agreement. democrats can call in at (202) 748-8000, republicans call in at (202) 748-8001independent --(202) 748-8001, independents can call in at (202) 748-8002. you can also reach us on facebook and twitter. the united states government and canadian government hit an impasse on friday with the negotiations ending and president trump deciding to send a letter to congress saying he would sign a bilateral agreement with let -- with mexico. negotiations of canada should begin again on wednesday. here is what president trump had to say yesterday about the negotiations with canada at a stop in charlotte, north carolina. >> i gave an interview yesterday to bloomberg business. i said, off the r

and canada to revamp the north american free trade agreement are expected to resume this week.went without a deal. president trump says he wants an agreement december 1st, but said there's no political necessity to include canada in a new pact. the u.s. and mexico have already reached a preliminary agreement. aflcio president richard trumka said over the weekend a deal needs to include canada and the president has hurt workers more than he's helped. in response, mr. trump said, quote, it's easy to see why unions are doing poorly. >>> wall street gets back to work today following yesterday's labor day holiday. on friday, the dow lost 22 points. the s&p 500 finished just about where it started, while the nasdaq added 21. >>> and the death of retail in this country may be exaggerated. despite the proliferation of the internet and the closing of brick and mortar operations, traditional retailers are experiencing some of their best sales growth in years, according to "the new york times." the $3.5 trillion retail business is changing with fewer retailers capturing a bigger share of

and canada of missed a deadline to revamp the north american free trade agreement talks on friday broke up without a deal but there was even next week during a lack reports from toronto. president trump has long said nafta was unfair to his country and he was visibly pleased when he announced last monday that u.s. and mexican negotiators had reached a deal to replace it canada was left out and trump said the canadians had until friday to given to u.s. demands so it could join the new pact that deadline has passed with no deal and trump is keeping up the pressure because i love canada but they've taken advantage of our country for many years they have tremendous tremendous trade barriers and they have tremendous tariffs. the sticking points remain what they've been for months u.s. demands for access to canada's highly protected dairy industry. 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 wi