people a fact affected by the attack is not yet known when they will get their money back and north american trade ministers have wrapped up the sixth round of free trade talks in montreal the u.s. trade representative saying there had been some progress but that it was slower than hopes the three nations did move forward on telecoms trade barriers and health care but other areas remain at a stalemate although it now looks like that the u.s. will remain in the negotiations the u.s. trade representative finishing the meeting with critical comments directed at negotiating partners let's check in with our man on a wall street now yens quarter good to see you as we are hearing some progress has been made on the topic of nafta how optimistic should those in favor of the deal now be. i would expect any decision any time soon yes the talks continue there will be an extra set of talks next week next month in mexico and then the eighth and the final round will happen in washington d.c. by the end of march and it's as right as of right now it seems rather likely that the talks will continue that there will

morning, that president trump is expected to announce that he intends to pull the us out of the north american trade agreement from the u.s. and canada and mexico. he called it a bad deal that hurts american workers. officialings from the u.s., mexico and canada will hold a sixth round of negotiations in montreal from january 23rd to the 28th. >>> the us state department has raised the travel warning to the highest level to popular tourists destinations to one states in mexico. they include two pacific coast states. the new warning puts the five mexican states on the same threat level as somalia yemen and syria. >>> it's 4:17, lets get you out the door and where you're going. sal did you see much traffic? >> i think i drive here when i am asleep. >> are you awake yet? >> i haven't had my coffee, dave. >> i have your coffee ready. >> thank you, dave. >> all right. >>> visibility was good on my drive in. as we look at the bay area, the silicon valley commute and san jose is looking good. if looks like there's no major problems, traffic is looking good, sunny veil, cooper ville and down towards saratog

trump addressed the now the american farm bureau on a range of issues including nafta the north american free trade agreement the o.p.o. crisis and regulation while many listeners were hoping to hear more about the administration's plans on rita go shading the nafta the president only repeated familiar language about getting a better deal the president also touted the release of a report from a task force on rural america in the report it says that of the five key areas of concentration for rural america increasing internet connections is vital well yeah like they said in the jerry maguire movie show me the money it is unfortunately there were a number of fact all errors in the president's farm bureau speech and here's one take a listen and we've just signed into law the most significant tax cuts and reforms in american has been the it's a total of five point five trillion dollars in tax. sounds super five point five trillion dollars but it's untrue the tax cut is one point five trillion not five point five trillion i mean it's still a huge deal that it got a tax cut done and surprise people like m

he has also, of course, threatened to pull out of the north american free trade agreement with neighboursmexico — worth 1.2 trillion dollars. talks to try and save it are under way this week the stakes are high. china, mexico and canada are the usa's top three trading partners — accounting for over 45% of its foreign trade. the dollar might be suffering — but mr trump's huge tax cuts have propelled us stock markets to record highs. so while some of the davos delegates may disagree with him, many have found themselves a lot richer since he took office. let's get more on this story. sally is in davos. are these protectionist figures, not least so some, they are huge. whatever the business leaders are trying to say to call the anxiety, it is very real, isn't it? it is very real. absolutely. and as we come to a one year of the trump administration we re year of the trump administration were coming to terms with a new way of trade around the world. globalisation is having to adjust to this new rhetoric coming from the united states. the chairman of the world economic forum was trying to talk a

washington dc, ambassadors from mexico and canada talked about international trade and ongoing talks to revise the north american free trade agreement. it is moderated by the mayor of san diego. this is just under one hour. [inaudible conversations]

trading higher. vonnie: thank you. shery: negotiating for the u.s., canada, and mexico continue talks in montrÉal on the north american e trade agreement while canada's foreign minister mexico --nd the mx -- the mexican economy miniter -- prime minister say we are in much better standing than one year ago to find creative solutions that will mean a win-win for the three countries. is the head of the imf's' western hemisphere. economyct the mexican to grow more this year than in 2017. is that because you're not baking in a potential collapse of nafta? >> baseline scenario, an assumption that the nafta negotiations end up a positive result. sometime during the year. given our provision upwards for the u.s. economy, based on the possibility of the u.s. backed reform and having demand u.s. gdp, that has a positive effect on mexico, a large exporter to the u.s. markets. vonnie: what are you hoping the nafta negotiations will achieve? a stronger peso. does that continue? sectors ine many which we could increase opportunity for the three countries. nafta was negotiated 25 years ago and has not been renewed. seene 2.5 decades,

negotiations to rework nafta, the north american free trade association to remake the system that is a key part of the deal. the u.s. wants to build to opt-out at the panels that let u.s. courts decide that mexico do not trust. another deadly attack in afghanistan today. 11 soldiers have been killed. 16 others wounded in a predawn assault on the military compound in kabul only two days after but that 100 people were killed in a suicide attack in the afghan capital. the group is claiming responsibility for today's death. a popular fitness at this revealing top-secret information about the location of u.s. military bases. the "washington post" reported the app shows heat that can point to soldiers for a godsend as far as strong as gps data gathering available in smartphones and of course said that. cheryl: sometimes a little too information can be harmful. president trump two of the details of the new immigration plan today. it would protect 2 million dreamers in exchange for porter while funding and dramatic cuts to border wall pathway. the proposal sparking criticism on the left and

[narrator] how a nation approaches the concept of trade has a profound impact on whether it will prosper or struggle. the impact of the north american free trade agreement, nafta, is still debated today. - our economic teams are gonna continue to work together. - i am gonna renegotiate nafta. - nafta has led to the loss of more than 680,000 jobs. - the reason that nafta has been so controversial is it marked a sea change in us trade policy. so if you look at the history of the global trade regime post world war ii, what they called the gap negotiations, which eventually became the creation of the world trade organization. the countries involved in those were almost all reasonably wealthy countries. - we seek a new and more open global trading system. - it was the first of its kind agreements between very disparate levels of development economies. the us and canada in 1988 had a free trade agreement and george bush the first thought about having mexico join it, which meant all of a sudden we're gonna have a free trade agreement with a country with whom our median wage differential was one to 16. which is to say the median wage here v

tomorrow i believe at the beginning of the final round of negotiations concerning nafta, the north american free trade agreement, how are those negotiations going right now? what we're hearing is that they're not going well. they haven't been going well for the first five rounds. is the president prepared to pull the u.s. out of nafta? sarah: we don't have any specific announcements but we feel like things are moving forward. we're going to continue in those negotiations. but as the president has said many times before, he's going to make sure that he gets the best deal for america and american workers. that's still the focus and that will still be topic of discussion as we move in these negotiations. reporter: after this shutdown episode, does the president feel like he can deal with democrats anymore? for example, senators, you implied the president didn't know the difference between authorization, appropriation. there's been other leaks about conversations behind closed doors. what is the president's level of trust with the senate democrats going forward? sarah: i wouldn't say it's the highest leve

we also have these high-stakes north american free trade agreement talks. what is the risk if those talks fail? cliff: if the nafta talks fail, there will be unprecedented uncertainty and downside risk for tremendous trade flows in the world's most prosperous region, a. b, mexico will get clobbered economically. very dependent on trade. c, the mexican election is 1 july of next year. obrador, a statist, is likely to win, very bad for investment climate. laura: cliff kupchan, thank you. cliff: it was my pleasure. to getnow, if you want away from current events, if you love reading and don't mind cold weather, how about running your own bookstore? a shop in scotland is offering the general public a chance to do just that. it is proving wildly popular. reporter: between the hills and the sea in southwest scotland is a small town where they like their books, a lot. it is scotland's national book town, and among the many shops here, one is available to rent for a week at a time. it is run by enthusiasts who want to be stranded by books while trying their hand at

trade representative during which time she led the negotiations for the north american free trade agreement. so it would be hard to find a better person in washington to see about what nafta has achieved and what the world could look like without it. so please join me in welcoming ambassador carla hills. [ applause ] >> thank you, richard. well, we have a great panel. so i'm going to be very brief. i think in starting to think about what we lose from a pullout of the nafta, we ought to remember what did the agreement do for us. so let me briefly say it brought together 490 million consumers, and created a $19 trillion market. it eliminated tariffs and all industrial goods and most agricultural goods except for a few with canada. opened a broad range of services including financial services and provided national treatment for our service providers across line. it removed significant investment barriers and provided protection for our north american investors and provided enforceable protection for trademarks, patent rights, and copyright, with i have become more important in these 20 years s

trump addressed the now the american farm bureau on a range of issues including nafta the north american free trade agreement the o.p.o. crisis and regulation while many listeners were hoping to hear more about the administration's plans on rita go shading the nafta the president only repeated familiar language about getting a better deal the president also touted the release of a report from a task force on rural america in the report it says that of the five key areas of concentration for rural america increasing internet connections is vital well yeah like they said in the jerry maguire movie show me the money it is unfortunately there were a number of fact all errors in the president's farm bureau speech and here's one take a listen and we have just signed into law the most significant tax cuts reforms in american has. in the. it's a total of five point five trillion dollars in tax cuts. sounds super five point five trillion dollars but it's untrue the tax cut is one point five trillion not five point five trillion i mean it's still a huge deal to get a tax cut done and surprise people like me

also happening, negotiations for the sixth and penultimate round of talks in finalising the north american free tradeing out for canada and mexico to tackle what they call unacceptable demands by they call unacceptable demands by the united states. on monday we will hear from the pentagon's the united states. on monday we will hearfrom the pentagon's number one weapons supplier. it is expected to report its fourth—quarter results. joining us is michael hewson, chief market analyst at cmc markets. let's stay with the us. that is the focus for markets this week. certainly what i am paying particular attention to this week. it has been the worst start for the us dollar since 1987 in terms of performance. we have seen six successive weekly declines since the last fed meeting. i will pay attention to whether or not the federal reserve upgrades its economic forecast for the year ahead in light of the recent tax cuts that we re in light of the recent tax cuts that were implemented by the 0bama administration. i think it would be a big week for the dollar. will we see a rebound after six weeks of declines? j

change if the trump administration follows through on threats to alter or tear you want north american free trade agreement, a move that could add thousands of dollars in taxes to vehicles built in mexico. but until that happens, gm and other automakers will continue building south of the border. gm says that the demand for trucks and suvs here in the united states is one reason why it continues building in mexico. the plants here in the u.s. that also build those trucks and suvs are running at capacity. there's nowhere to build those vehicles that are in demand except to build them in mexico. chicago.au, "nightly business >> to read more about mexican car imports, please head to our website,nbr.com. separately, the white house today said the president will travel to the world economic forum in davos later this month. it's a gathering of world leaders and business executives. >>> still ahead, connected homes, connected people, and connected cities. it could be a . >>> apple responds to two of its investors as we reported yesterda jana partners callister's urged apple to take a responsible approac

troop the canadian prime minister he wants to salvage nafta the north american free trade agreement andmodi the indian prime minister well he has a heap of indians in the tech sector and he wants the u.s. to end this in india so so i should think that at least those people will still intend to this afternoon when trump takes the stage today because normally a lot of the participants are leaving on the last day of doubles yeah normally but a lot of people are staying for this speech of trump's it's the big thing the big event this week the media has just been going crazy there are real suckers for punishment when he arrived yesterday they couldn't get enough of mr trump african leaders on the other hand will be boycotting the speech and n.g.o.s say they're not interested in hearing mr trump's america first policy because really all it is is about putting billion is first. has been physical and they're reporting from davos where u.s. president donald trump will give an address later today we'll cover that one life for you of course but first a german politics now but sarah absolutely than

whilst that is going on, the north american free trade agreement legacies and our ongoing as well. he has is not like nafta, how he would like the us pull out of it. that's another multilateral trade agreement that the antenna dishes and about at the moment. it is very interesting. there was a shift in the rhetoric here. admittedly because of the audience listening today, we must bear that in men, but i felt that a lot of his speech from the beginning was for the audience at home rather than the audience here. a lot of it was about the american people and what he has done as a president to benefit them. he was here selling brand america very clearly and taking credit for every thing he has done. stay with us. ijust want taking credit for every thing he has done. stay with us. i just want to listen to a little bit more if we have it. can the replay a clip of what donald trump has just said? have it. can the replay a clip of what donald trump hasjust said? we support free trade, but it needs to be fair, and it needs to be reciprocal, because in the end, andrea trade undermines us all

mr trump has alsoe threatened to pull out of the north american free trade agreement with neighboursand mexico — it's worth $1.2 trillion. talks to try and save it are under way this week in montreal. the stakes are high. china, mexico and canada are the usa's top three trading partners — accounting for over 45% of its foreign trade. the dollar has been falling but mr trump's huge tax cuts have propelled us stock markets to record highs. so while some of the davos delegates may disagree with him — many have found themselves a lot richer since he took office sally is in davos. tell me more about mr trump's visit. yes, i have to say here, there are 3000 delegates here. there are more heads of state here than in many yea rs, heads of state here than in many years, and of course, lots of company chief executives. it is a bit like business news on speed. i have been talking to so many company bosses to get their sense of this yea r‘s davos, bosses to get their sense of this year's davos, which is completely dominated by the arrival of a sitting us president, the first time since 2000. but

mexico will see how that's going to change with nafta which may go away if nafta goes to the north american free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so they're really doing everything they can to build more vehicles here g.m. is on board with that chrysler is on board you're seeing every manufacturer think you know what there's got to be a place somewhere in the united states that would like to have our facility and you've seen even toyota they moved to texas and built a huge facility so they know exactly what they're doing lauren we're about out of town but i got this really weird and bizarre question i want to ask you. and with that preface here it is so driving cars that are becoming more popular but we also read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future we're going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird it's not

coming up we take a look at north american free trade agreement and the foreman will come to me in light of president trump speak to the farm bureau this week plus our data wrangler pam peck citron the c.e.o. of bendo system is in the house to talk big data in twenty eight and ashley banks looks at the new owner of essence magazine but first let's take a look at the business and financial headlines. china is quietly closing down the mining operations that produce bitcoin another digital currencies roughly three quarters of these operations are believed to take place in remote areas of china due to the cheap electricity in cooler temperatures last week the chinese regulators ordered local officials to create an orderly exit for mining operations the group said mining has used quote huge amounts of resource. and stokes speculation local authorities have been encouraged to use things such as electricity prices and taxes to suppress the mining the order did not specify a deadline but does require monthly progress reports because mining operations are rewarded with payments and digital curren

speech that he may consider rejoining as president has also threatened to withdraw from the north american free trade agreement or nafta and last week trying to impose new steep tariffs on imports of solar panels and washing machines china which makes many of those products has criticized that decision let's bring in our guests now joining us in suffolk in the u.k. is and had a fourth director of the u.k. based think tank prime economics which focuses on policy research and macro economics in beijing michelle garage the head of the china economic policy research program with nottingham university and answer mark for ha economics analyst and assistant professor at the doha institute for graduate studies and welcome to all of you mark i want to start with you because i understand that you have just returned from davos so how would you say. u.s. president donald trump speech was received there. well i think it was received more positively than expected anticipated initially of course there's a lot of antipathy towards donald trump among some of the quote unquote economic elites of this world and liberal

framework of a- -eal ,, 77 framework of the eal ,, to is within the framework of the north free trade north american that the canadian one avenue that the canadian government, along with bombardier, will take in trying to resolve this commercial dispute essentially between bombardier and boeing. another avenue they could take is to go to the world trade organisation, an international body looking at trade disputes. i am going to com pletely trade disputes. i am going to completely backtrack. don't you love live television? i do. so do i, especially when you have to do a handbrake turn and a u—turn. we are now hearing that the us trade commission has blocked the 300% ta riffs commission has blocked the 300% tariffs on bombardier c series planes and the international trade commission has voted 4—14 bombardier. let's explore that instead. well, that is a bit of a surprise as many people really believed that bombardier was going to lose in this case. that is interesting. even more interesting is the fact we see that they voted 4-1. it is is the fact we see that they voted 4—1. it is perhaps an indicatio

he didn't really alter the outlook that's much of course we are concerned about nafta the north american free trade agreement with canada and mexico this more talks but to be honest he's not he seems to be coming around to the idea that actually trade is good trade does creates u.s. jobs as well american economy american companies do benefit from trade so he's aggressive stance has perhaps moderated to some extent he still doesn't think is that america is being treated as fairly as other countries are by trade and still wants to sort of tweak to make changes around the edges but ripping up and completely doing away with free trade agreements he seems to be pulling back from that that as well as you mentioned he has done that on the t t p p's made noises about nafta what has his protectionism stance is so far meant for the rest of the world i think there is somewhat nervous of nervousness because of course the us is the biggest global economy having access to that says important for many many countries i mean for example mexico trade flows with america equate to nearly forty five percent of mexican

coming up we take a look at north american free trade agreement and the foreman on the in why the president trumps speech to the farm bureau this week plus our data wrangler pam peck citron the c.e.o. of tendou system is in the house to talk big data in twenty eighteen and ashley banks looks at the new owner of essence magazine but first let's take a look at the business and financial headlines. china is quietly closing down the mining operations that produce bitcoin another digital currencies roughly three quarters of these operations are believed to take place in remote areas of china due to the cheap electricity in cooler temperatures last week the chinese regulators ordered local officials to create an orderly exit for mining operations the group said mining has used quote huge amounts of resources and stock speculation local authorities have been encouraged to use things such as electricity prices and taxes to suppress the mining the order did not specify a deadline but does require monthly progress reports because mining operations are rewarded with payments and digital currency is an

it is a pivotal moment in negotiations on the north american free trade agreement.he next round of nafta talks gets underway today in montreal. the u.s. has been ramping up the pressure to radically alter the trade deal in favor of american interests. forwarderkel is moving in her attempt to form a government for the fourth time. the coalition party has agreed to put aside its misgivings and enter talks. germany has been in a political stalemate since last september's election. is bloomberg markets. mark: coming up, what started as a surprise alignment may be a long-term relationship. we will look at opec and russia. vonnie: live from new york, i am vonnie quinn. mark: live from the city of london, i am mark barton. e-cignd russia cooperation may extend beyond production cuts. we spoke with these two spokesman from each about their partnership. think as weo reapproach the rebalancing, what do we know? my belief is that we need to extend the framework but not the production limits. it is the framework that we are formalizing, given the context between them and opec.

candidate jose antonio media a push with the united states threatening to pull out of the north american free trade agreement needs says he has the experience to find new export markets. and for the first time in mexico's history independent candidates have joined the race . but with surging violence and corruption scandals plaguing government officials gaining public trust won't be easy. i think all the candidates are interested in themselves and their political parties i don't think any of them are in it for the people they look at. i don't trust any of the candidates. only believe them when actual changes start to happen. analysts say that people must be engaged and hold candidates to account if they want this election to be different. the political class loves it when society doesn't trust them then you separate yourself and leave public spaces where the government doesn't like is when social media is buzzing with discussion and. never before have mexicans had such a variety of candidates to choose from and with the july first election quickly approaching many people here are asking what impact

mexico we'll see how that's going to change with nafta which may go away if nafta goes to the north american free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so they're really doing everything they can to build more vehicles here g.m. is on board with that chrysler is on board you're seeing every manufacturer think you know what there's got to be a place somewhere in the united states that would like to have our facility and you've seen even toyota they moved to texas and built a huge facility so they know exactly what they're doing lauren we're about out of town but i got this really weird bizarre question i want to ask you. and with that preface here it is so driving cars that are becoming more popular but we also.

, and we are hearing about steel tariffs being slapped on asian economies today, but the north american free trades a big issue, and we know that president trump is talking about renegotiating that completely. it is all about these trade agreements around the world that are being renegotiated or completely changed. you're right. ithink renegotiated or completely changed. you're right. i think from renegotiated or completely changed. you're right. ithink from prime minister trudeau line from the renderer modi minister trudeau line from the renderermodi —— renderer modi —— narendra modi, you will get a different message from xi jin ping last year, which was that globalisation was the way to lift people out of poverty and create global growth. president trump is going on a different line. he says that being aggressive on protectionism means that he can protectionism means that he can protect americanjobs. protectionism means that he can protect american jobs. and protectionism means that he can protect americanjobs. and so protectionism means that he can protect american jobs. and so far, the jobs ma

mexico will see how that's going to change with nafta which may go away if nafta goes to the north american free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so they're really doing everything they can to build more vehicles here g.m. is on board with that chrysler is on board you're seeing every manufacturer think you know what there's got to be a place somewhere in the united states that would like to have our facility and you've seen even toyota they moved to texas and built a huge facility so they know exactly what they're doing lauren we're about out of town but i got this really weird and bizarre question i want to ask you. and with that preface here it is so driving cars that are becoming more popular but we also read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future we're going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird it's not

the top story this hour's trade or in mexico and canada rejected a proposal by the in the nation to rework the arbitration system. a key part of the north american free trade agreement also known as nafta is the president himself is picking out an unfair trade practices with the european union hitting retaliation there. >> i have a lot of problems with the european union. not a question of doing business, but i will tell you representing the united states. it is a very unfair situation. we cannot get her product in. it's very, very tough. no taxes, very little taxes. very unfair. i have a lot of problems with european union and it may morph into something very big from a trade standpoint. the european union has treated the united gets very unfairly when it came to trade. maria: the president's state of the union address with infrastructure that baker had my name is not going to withdraw from nafta in his speech. what are you expecting from the state of the union? dagen: third proposal which is on which is one of the lynch pins of the renegotiation of nafta about how you handle corporate arbitration. we would preferred these disputes go through d

say there iscials an increasing likelihood that president trump will dump the north american free tradegreement or nafta. a white house official tells bloomberg there is -- there has not been any change in the president's trophy. -- resident's position -- president's position. we are joined in ottawa. what is the position that canadian officials understand? >> the latest in this back and forth is a sign of hope on autos which is one of if not the biggest, most controversial issue in nafta talks. we were reporting that canadians are preparing what they call you ideas on the u.s. proposal on autos. they say it is not a full council -- counterproposal. this comes after mexico has signaled that there is room for some type of a compromise on autos and if that is true, that raises the stakes of these upcoming talks in montreal this month and also raises the possibility that one of the to substantials progress. vonnie: negotiators must be tearing their hair out. is the raise it -- is there a consistent u.s. position? the u.s. position on autos is the one that is pretty clear. they want to rais