the logic of the tpp is clear. it's high standards and comprehensiveness provide us with a strong level of confidence, that the deal will bring huge benefits to all who sign-up and will act as a positive force for market opening and economic reforms across the region. the economic dynamism has benefitted the united states and will continue to do so. for example, half of apple's revenue comes from sales in the asian markets. jp morgan-chase the most profitable bank in the united states earns about a quarter of its annual revenues in asian markets alone. and if you go to other areas of services, box taking in china were well over $2 billion in 2016. china has an insatiable appetite for hollywood. 20 new cinema screens are being built every day in china. every state in the united states has benefitted in terms of jobs that have been created through exports into asia. for example, 27,000 jobs in pennsylvania, 20,000 jobs in florida and the list goes on. the export trade to asia alone supports more than 500,000 jobs in t

under the tpp, it drops to 9%. u.s. cattlemen get hit with 38.5%. that's the difference. under tpp 11, many tariffs go to zero including on important agricultural commodities such as cotton, wool, seafood, horticulture and wine. this means, for example, that australian winemakers will have a 16% advantage in japan compared to their counterparts like in the united states. it means new market access for dairy products for us, into japan, canada and mexico, and while on the short term, australia benefits from the u.s. being outside of the tpp 11, it's certainly not in our long-term interests, and it's certainly not in the long-term interest of the united states. we want the united states to be fully integrated into the indo-pacific region and the tpp 11 delivers that at very low cost. the logic of the tpp is clear and the high standards and comprehensiveness provide us with a strong level of confidence that the deal will bring huge benefits to all who sign up and will act as a positive force for market opening economic reforms across the region. the economic dynamism of the i

would consider looking at the tpp again. or will be cracked open and i want to engage in a constructive way with the trump administration. in terms of other key priorities , we in particular have interest around infrastructure. we seem president trump outline a bold vision for infrastructure across the united states. we have a federal system where we can share all of that. vonnie: you are making a case to share some of that. what exactly do you mean? invest or just give advice? guest: all of the above. we have a large national savings pool and we are a very modest population of .4 million, that speaks to a policy focus for us -- of 24 million, that speaks to a policy focus for us. we've learned through the in a federalelieve system we have a lot of experience around construction, management, and financing we could share with the u.s.. vonnie: see you are hopefully, from your point of view, going to be giving some advice to the u.s. you are also taking some advice from donald trump taking down the corporate tax rate in austria

whether it is efficient or not, but two points, the european union always supported tpp >> i think anything without an accurate -- acronym is not good, i suppose. when the second point is that as 10 mentioned, the european commission has been looking at the interplay between the flow of personal data to countries and free trade agreements. for over a year now. they've come to some kind of a solution or position which will be shared internally with the european institutions. and is a member of the union. the parliament and the body with the supervisors and regulators. we will take it forward. want to have an institutional conversation on this position and then take it forward. i think the focus so far has been on the decisions. and keeping in mind that data can flow. all the users of facebook in europe have signed a contract, which applies to a standard clause. your data can flow. is up of the data cannot flow, it is that you want the data to flow legally, and one has to check the provisions, then you have other provisions, corporate rules, and i will spare you the detail

because even in the years since the tpp negotiation began there have been dramatic evolutions in technology and the need to accommodate that through rules. the trade picture is complex at the moment. multilateral negotiations are in various states. the transatlantic trade and investment partnership that we worked on, is in a state of suspension. negotiations on a multilateral agreement that would address trade and services rules is like wise not progressing at the moment. but there is nafta and there i think is the prospect for bilateral agreements not only involving the out but other countries -- not only involving the united states but other countries such as japan picking up on the same principles and proliferating them in their own practice. so what we're headed for i think is more complex international law architecture than what we see, for example, in the ip world. that will present challenges for companies but what the companies need most of all is predictable interoperable rules that enable them to conduct these data services and bring them to the benefit of consumers

in the past few years obama made great effort to the tpp to involve vietnam but it has been abandoned by president trump. president trump said u.s. i think the different attitude of the u.s. government vietnam has a great impact on the political situation vietnam the impact is adjusting and so we go you'll see the adjustment. summary, the relations between china and vietnam have been a dispute and negative i believe it would not be instantly destroyed by these disputes. and remember a few years ago when i was in the talk with the former prime minister former vietnam that said we should solve problems in emotional principle manner. in other words the problem should not be to be solved through legal means which might destroy our ability we should trust and understand each other that would not hurt each other and find a good solution to the problem. this would be better than a legal solution. by now you generally -- just now it's my impersonal pinning, thank you and i welcome suggestions. >> thank you. that was informative. it's amazing to hear how confident china appears to be because t

and that's something that the tpp had. we're also hoping very -- that the nafta will, modernization efforts will also reflect. but then also as we've seen the evolution of technology, we're also seeing the con come by significant importance of limitations and exceptions in u.s. law to copyright. so fair use, which is such an important part of the u.s. ip ecosystem has become even more important to support technological change, to support user-generated content, to support artificial intelligence and other technological innovations. so it's really important to have that balance right. i think that's another area that we're really hoping along with a variety of other technology companies but also start-ups to make sure that u.s. trade policy really reflects that, that really important balance. but, again, there is from our perspective there's no, it's not a zero sum game. it's ultimately win/win if you can take the entire ecosystem and support that through ip and trade agreements. >> just briefly to highlight one point that w

11, the cp tpp 11 are not going to insist on some of these conditions. you know, sometimes you hear, after trump's visit, you heard officials come back and say, oh, the vietnamese were very excited about doing a bilateral fta. i think that's a little -- how should i put it. it's lack of understanding of how vietnamese treat their guests. they always tell all their guests everything positive and they probably do the same thing to the chinese. when you talk to them privately, they say they're not very interested in an fta. they see what trump is doing in nafta and of course the u. korea/u.s. fta, so they do not find bilateral fta something they're going to do more than look at, quote, unquote. so, they really appreciate the extent to which the trump administration has engaged them, but they really are not sure, listening to them, they really are not sure where vietnam/u.s. relations -- where u.s./southeast asia relations are going. one of the things they say is, like, who's in charge? a lot of the seats in a lot of the minister of various departments in the

m can australia convince donald trump to rejoin the tpp trade group? it is unlikely. not mean the prime minister will not bring it up. the prime minister is also going to be the keynote speaker at the national governors association. the prime minister is taking a multifaceted approach. speaking to donald trump directly and getting the governors on board. joining us earlierfrom the governors on board. joining us earlier from sydney. television reality star, kylie jenner, earlier from sydney. television reality star, kyliejenner, says she is "so over the social media app, snapchat." while is "so over the social media app, snapchat. " while it is "so over the social media app, snapchat." while it may not seem important to some, it put investors into a panic. snap stock loss $1.5 million, with its stock lowering by 7%. she said that to 24.5 million followers. can she really be blamed? we explain. she tweeted yesterday at 4:50pm local time, 50 minutes after the markets closed. suddenly, today, when the markets opened, it had been a bad day i snap. when the markets opened, i

with respect to the tpp that you've heard about, we now have the tpp 11, president tromp withdrew from that transpacific partnership agreement. when he withdrew there were a number of reservations taken off the table because they were in the insistence of the united states, very quickly on financial services, they are about to sign this agreement very soon, but there are commitments with respect to financial services regarding relating financial institutions and investor and investment cross-border trade in services will also be addressed in the tpp. finally, there is something called the t tip which i think is still alive. the u.s. european trade agreement, i'm sure he address that very quickly, one of the big issues, and it may come back was regulatory course coherence, why don't we make standards and regulations the same between countries, in this case between the eu and the united states. the big banks and wall street put together a big pool of money to launch a campaign that said this is a great idea, we are all in favor of regulatory coherence on financial services and what they

we've already seen obviously the tpp 11 are down known as the two tpp. australia hosted several partners and the pacific alliance, five countries out of latin america talk about building a new trade relationship and use upgrading their agreement with mexico. and the rest of the world isn't waiting. and it's the longer that this takes us to continue to drive thosestandards , the more difficult it becomes. >> other questions? >> we will move quickly, i think we can get two more questions. >> thank you for being here, my name is aaron from senator langford's office. i want to ride the wave with the discussion here. you know, what do you guys see as the future of tpp now with the us withdrawal. >> the second question, for us in congress, looking forward with other free-trade agreements, what kind of messaging you think and what lessons can we learn from that withdrawal looking forward? >> that's a great question. and i would say that what immediately popped to mind. at this point when we look at this, these are negotiations. which means we're not dictating, w

you know, we have already seen obviously the tpp-11, now known as the ct tpp. australia recently hosted partners, five countries out of latin america, to talk about building a new trade relationship. the eu is up greating thegradin agreement with mexico. the rest of the world is not waiting, and the longer it takes us to continue to drive the standards the more difficult it becomes. >> what other questions? in the back. >> if we move quickly i think we can get through two more questions. >> okay. >> hey. thank you guys for being here. i'm air ro i'm aaron from senator lane forwa -- senator langford's office. from us here in congress looking forward to trade agreements, what kind of messaging and what kind of lessons can we learn from the withdrawal looking forward? >> that's a great question. i will tell you that what immediately popped to mind, you know, back to kent's point when we looked at this, these are negotiations, which means we're not dictating, we're negotiating. we are very much aware of that. what it means fundamentally, when -- for example, when tp

with respect to the tpp that you've heard about, we now have the tpp 11. president trump withdrew from that trans-pacific partnership agreement. when he withdrew, there had been a number of reservations that have been taken off the table because they were at the insistence of the united states. very quickly on financial services, the text isn't public, they're about to sign this agreement very soon, but there are commitments with respect to financial services regarding regulated financial institutions and investor and investment cross-board trade in services will also be addressed in the tpp. finally, there is something called the t-tip, which i think is still alive. the u.s.-european trade agreement. very quickly, one of the big issues for t-tip and it may come back, regulatory coherence. why don't we make standards and regulations the same between countries? in this case, between the eu and the united states. the big banks on wall street put together a big pool of money to launch a campaign that said this is a great idea. we're all in favor of regulatory

the tpp 11 will be signed next month in chile. we do not expect the united states to return to the tpp anytime soon. but by keeping this important trade pact on foot, we have created a live option which would otherwise not exist for a negotiated u.s. return in the future. a possibility which the president himself has referred to. late last year, my government offered a policy white paper. we will work with all our partners and friends to promote an open, inclusive, and prosperous -- in which the rights of all our respected. and on december 7, i introduced far-reaching reforms to protect the integrity of our political processes from foreign interference. terrorism,is transnational crime, or foreign interference, the primary responsibility of all our governments is to secure the safety of our people and our way of life. security and freedom are frequently presented as binary opposites, as if there exists a universe in which you can have one without the other. but these two principles are not mutually exclusive. they can be and must b

youopposed the dvd when were supporting other free trade deals. why is that -- tpphen you were supporting other free trade deals? why is that? because they were negotiating in order to meet the deadline of the presidential campaign, and when you are under artificial deadline, they were giving away things in those negotiations. they were giving away positions of the united states for their own purposes, to fulfill the deadline they had imposed upon themselves. i was very uncomfortable with how they negotiated that. we need to go back to the table, i think we need to look at things like nafta and the tpp when we go to the table, and, this from a perspective of harsh negotiations, aggressive negotiations, and putting american interests first on the table and negotiate from that perspective. you andust to be clear, principal support secretary mnuchin's efforts to at least explore the possibility of going back and the tpp? an. reed: i believe that is appropriate, healthy conversation to have. when you look at the world economy and wreck nice that 95% of the world -- reco

but if the united states was of the tpp, this should be adding a lot more cash into the coffers. ill ever change his mind and rejoin tpp? that is very difficult to know the answer, but what we are pleased about is a good quality agreement has been signed by 11 countries. if the us wants to come back and to the agreement at some point in the future, that remains possible, but we have an agreement that will open up access to markets for our exporters and service providers, as it will for other countries. it is a high quality agreement now, and new zealand is proud to be a part of the. there is lots of talk will be —— that the uk will be interested in joining the revised tpp after brexit, are they welcomed? all countries who want to be part of the agreement are welcome to be there. we have to get it signed obviously and ratified first, but new zealand is looking forward to discussing with the uk a possible trade agreement. it is important for new zealand to develop agreements with the eu following brexit, both are important markets for our exporters. let's look at the new zealand eco

to rejoin the tpp. ct a big announcement on that, doubts early be news, but luck, the idea that business for both of these men is to convey the economic tiesong between the two countries and military ties between the two countries. look for statements on that alliance. shery: which is interesting given the hiccup we had last year when the legendship for started. that is right, it have to do policy undergee president obama. but we are told those issues are resolved, and then the background familiarity with personal fightr between the two, turnbull has become a close advisor president trump in a western world where some of those alliances with other major u.s. partners have very much been tested. friendshipimportant not just for the president but western allies. when they talk the president trump, they know that malcolm turnbull is someone who can do that. korea, that is close to australia, what is the approach? >> the timing is twofold, part of it is the timing of the prime minister's visit, and much of i

he was the guy who helped put the tpp together. he'll tell us why team trump should reconsider having tossed aside his hard work on this plan. plus, the trump administration cracking down hard on north korea. lieutenant colonel ralph peters explains the big sanction move to stop certain ships. and i want to show you this, look at this. colonel peters gets front-page status in today's new york post. his surprising opinion on what america should do to stop mass murder shootings. colonel peters joins us next. we're live and less than an hour to the closing bell, let's start the "countdown." ♪ ♪ liz: okay. stocks were already up, but they are now jumping considerably higher at this hour with gains accelerating into the close. we're looking at the dow up 254 points, the nasdaq is up 74, s&p up 5. the dow just this second turned positive for the week. still looking, though, at a frontline toggling there when it comes to the exact level. the level to watch for the s&p is, hold on, i've got it, 2732. i didn't even have to put on my glasses.

but the tpp was a very bad deal for the united states. it would have caused us jobs,dous amounts of would have been bad. there is a possibility that we will go in, but they will be offering us a better deal. we would love to have australia involved, and australia wants us to stay involved. i have to say, we have developed a great relationship with china, other than the fact they have been killing us in trade over time.st long period of absolutely killing us in trade. but we have developed a great relationship with china, closer than we have ever had. my personal relationship, as malcolm can tell you, with president xi is quite short area. he is someone i like and i think he likes me. but that being said, he likes china and i like the united ace. a lot of things are happening. it will be a very interesting period of time. as much as i like and really respect president xi, we have to straighten out the trade imbalance. it's no good. >> general matters has called china a revisionist power, and that they are a growing threat from china. yet y

the administration has pulled out at the tpp. don't know very much about trade, but what is the strategic fallout as we are talking about allies if the fact that we are the only people that are not out there and the japanese have put everybody together and they have all banded together but on the outside looking in those that help us from the standpoint of national security? >> huge strategic this mistake. for building the stronger wounds based it was about the presence of the pacific but the united states was determined to stay there and would be a counterweight to everybody else in the region to achieve any kind of and the only way to read the decision to pull out is that reflects the lack of u.s. commitments to the region. you can go anywhere in southeast asia and that is what people are going to tell you and that makes them nervous and their response, which you can see now, there are two responses, the chinese have taken the permission to pull their weight around more than they already are and the smaller countries on the fir

one of the easiest things to happen is congress to ignore this is the story of tpp the reason the trumpadministration could kill the transpacific partnership because the obama administration could not get that to congress and that is a fact. there is a lot of reasons for that but it is hard to get the coalition built you have to state clearly what it does and why that's good to make the political case and we are nowhere near that. i really fear the zombie outcom outcome. >> we had a couple of models. you are right very complex in front of the public that most of the american public will sit back and watch nervously and pass judgment once they see the results we had two examples going to different ways one was congress attempt to get rid of the affordable cac -- care act repeal and replace it is complex but affects daily lives directly or through their family and all the politicians went back and forth, none of those proved passable leave the public scorn on the attempt they were not talking about replacing it with something they said that is a good substitute if we go down the road of r

i have often expressed regret at the american decision to withdraw from tpp. ome people said that is an opportunity for europe. for user the success of the trans-pacific part in shership would have been official to europe. we are also negotiating in the asia-pacific region. when you increase economic activity, you suck in through the supply chain, you create new opportunities, you create new wealth, cob assumed are buying other products and americans don't just buy products from europe and we're not just going to bee product from the united states but whenow create spatial economic activity its spreads beyond the two partners in the trade relationship. >> i helped form my organization in 1990. so have been involved in the sort of foreign direct investment issue area for almost 30 years now. but from 1990 until i think about 2015, we saw a general upward trajectory of support for globalization. a couple on hiccupped but around the world more and more wanting to embrace globalization and figure out a way in which to play the kind of game of that. over the last co

case that thethe president has reservations about the tpp, and i wouldn't be surprised it was raised ssions. but we certainly want the united states to be in a deeper free trade agreement in the transpacific region. you expect there to be a discussion of what australia would like to happen in the region, from a diplomatic standpoint, with regards to china and north korea? joe: of course, we are the only country was fought side-by-side with the united states in every scene no major conflict for 100 years, and that included the korean conflict. we have a deep and abiding interest in what happens on the peninsula. and like the united states, who would like to see the peninsula denuclearized and encourage china to be even more proactive. and there has been successful resolutions from the united nations security council, but, an important part of the conversations between the prime minister and the president -- there is common interest in ensuring that north korea changes its behavior and changes it quickly. there is strategic rankings of what is important as far as the chinese relationshi

trade in >> the tpp what the 11 nation's still in it has probably gotten a little less likely to be somethingctual property rulings put in originally to satisfy some of the united states' concerns. does that make it less likely we'd go back in >> anything we see tpp from where it had been is a negative factor the exact terms of it taken as a package that the president would be giving consideration to as i mentioned, they indicated there was some sort of a side letter about rules of origin on autos. but i haven't really had a chance to study it yet >> wilbur, how do you feel about a gas tax? the president said 25 cents. others say 10 cents a federal increase in the gas tax for infrastructure would you try to talk the president into that or out of that >> well, the funding of infrastructure is a very key issue. there is a certain degree of logic to creating some semblance of user fees certainly, users of highways are one potential source for that. also a lot of states have been raising individual state gas taxes right along. so it's one of many ideas that the president is considering because th

the 11 nations that put tpp back together so they are not interested in renegotiating. president of chile signed the agreement and said the u.s. would have to join the way we put it together. that doesn't sound like what mr. mnuchin is talking about. mark: the mexican economy the u.s.meets with commerce secretary today. we are hearing that there may be a bit of a spat in the offing, if the u.s., of course, if it places mexico's steel tariffs, tariffs on mexican steel. are we entering into a trade spat between the two nations? it's a dangerous time. lots of possibility of the -- lots of talk of the possibility of trade wars, but donald trump hasn't done anything in that direction yet. they could also be here to talk a bit about nafta, those negotiations back underway. the focus seems to be on steel, week, asocus from last reported by bloomberg, focusing global tariffs. we have tariffs on china that have significantly reduced their imports in the united states. it has been coming from other countries, including mexico. mexicans apparently delivering the message today that

they want him to reengage with the tpp. not only would it be good for the u.s.ut also serve as a counter to china. flirtation with the possibility of going back may be part of the china strategy. u.s. was originally envisioned under president obama that this would serve as a counter to china by scooping up a lot of nations in the region to be part of a trade agreement. letting the u.s. set the terms of trade, and if china wanted in it would also have to take part of those trades. u.s. allies like japan are encouraging the u.s. to reengage in tpp, so it may be something that is percolating through the administration at this time. david: stop the train, you might get back on. joe, thank you. let's get you first world news now. thank you so much, david, you charge a withholdings of u.s. securities rose to a record $18.4 trillion as of the end of june. for portfolio investments including stocks along with short and long-term debt shows and japan wash the largest investor with 2 trillion followed by the cayman islands and the u.k., and china. china's leaders have app

he has been a critic of the tpp and with drew a year ago. now are no indications that the u.s.eturn is under discussion. the next scandal has hit the liberal national coalition. 46%ives the government support. grabbing the spotlight at the mobile congress in barcelona. the company is baking -- banking on features like emoji's, camera etc..es there are concerns about ace -- a possible slowdown. "daybreak: asia." -- global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. him with -- this is bloomberg. betty: rolling on in australia. paul allen is here with the numbers. let's start with bluescope. beat.ks like a paul: that's right. delivering 517 million. a20 3% rise in profit there that was pushed along by strong steel prices. reward coming for shareholders. bluescope will push on with its buyback. the share price, one of the standout performers is up 20% -- 22%. we will get a little bit more on this when we talked to the new ceo, mark vassella. he will be talking tests us and about three hours time. bloomberg in about three hour

he pulled out of the tpp, the trade agreement in asia. and you're right, trump more than most presidents i've seen is determine to sort of take a sledge hammer to the last guy's programs. it's not just move in a different direction. obviously they all move in a different direction. he wants to undo things. and that's different, there's no question about it. - do you think the public voted for that? - some of them did obviously. - because you know the public in the case of electing obama the election of obama it is said was often as much about the previous eight years as it was about what obama might do. they wanted to undo bush's legacy. i'm not sure, maybe you have a different perspective on this that the election of trump was a repudiation of obama, so much as a repudiation of clinton. - well, to some extent, i think that's right. people were not happy with hilary clinton as their candidate. she had a lot of baggage obviously as a candidate. obama's numbers have actually gone up right. they went up in his last months in office. he left

some contend that will draw from the tpp could damage u.s. economic leadership and other say it as a way to prevent potential job losses key provisions from the tpp may be addressed in moderrizing or renegotiating the nafta. which is at this point more than two decades old. some proponents contain that maintaining nafta or deepening economic relations with canada and mexico with he help promote common trade agenda with shared values and generate economic growth and opponents of the treaty argue the agreement has cost worker displacement. we are luck you have a such a distinguished panel here today. ... senior fellow at the director of the initiative and the americas program at csi s.. over 20 years of experience and an intelligence officer with the u.s. army for the u.s. embassy, barbados, germany and iraq and also the representative of the united states and the western hemisphere adviser to the under secretary for political affairs. senior research professor keister directed research at the automotive industry and a member of the advisory bo

this is the story of tpp. third day in office, they could kill the transpacific partnership because the obama administration was unable to get to congress. that's the fax and there are a lot of reasons for that and there's always reasons but it's quite hard to get that coalition built and you have to be able to stay and the state clearly what that does, why this is good and make a political case for it. we are nowhere near that. i'm mystified and ifear, what i really fear is the zombie outcome . >> i think that we had a couple models. you're right, sometimes you bring something very complex in front of the public and my guess is most of the american public will sit back, watch nervously and pass judgment once they've seen the final results. we had two examples in 2017 that went to different ways. one was the congress attempt to follow up on another of the presidents promises to get rid of the affordable care act. repeal and replace obamacare. this is a very complex area but it affects a lot of people's daily li

the president has been a harsh critic of the tpp and withdrew a year ago. members are expected to sign in chile next week. new terms for the u.s. are under discussion. former businessman michael mcconaughey is to be australia's next deputy prime minister. he has been elected leader of the national party and will succeed as turnbull's number two. the scandal that led to the previous deputy prime minister's resignation -- the opposition labor party has 54%. >> [indiscernible] we are all going to work closely together because that is what the national party needs to do. i want to thank the national party members. i want to make sure people know [indiscernible] i have a huge challenge ahead of me. we have a huge challenge ahead of us. haslinda: oil exports from libya are to be reviewed after production was hit by people protesting about pay and benefits. the disruption could see libya's overall output decline after his recovery from the country's violence. opec allowed libya to increase oil production while other nations in the cartel and independent allies cut

the original deal went into limbo early last year when president trump withdrew from the tpp. e deal's official signing is set for next month >>> we're launching a new coverage area at cnbc today. it's called closing the gap. our goal is to focus on issues facing women in the workplace from inequality in pay to the gaps in leadership and corporate culture. this morning, how the me too movement has impacted small business kate rogers joins us with the results of a new survey. >> cnbc and survey monkey are out with the first quarter confidence numbers, and we decided to look at harassment policies at small businesses nationwide of all of the businesses that we polled here, the split is nearly even with 50% saying they have an official policy in place, but the smallest business owners, who make up the majority of businesses in the country, they were much less likely to have a policy in place. only 39% of those with 0 to 4 employees have a policy in place compared to 85% of those with 50 or more workers. what's more, at the country's smallest businesses, the business owner is often

heckscher was repeatedly arrested protesting against the trans-pacific trade partnership, known as the tpp, and its so-called death sentence clause, which would have extended drug company monopolies on medicines. this is zahara heckscher speakingng on democrcracy now! t her motherer, who also died ofof breast c cancer. >> i was only 11 when she died of breast cancer, and that was before these drugs were available. she only lived one year after she was diagnosed, and that is what breast cancer means without access to the modern medicines, the biologics, and other emerging medicines, for example, have kept me alive for seven years so far and still going strong. so i know very personally what it means when people don't have access to the medicines. i also know that breast cancer, it is not about just the individual patient. it is about the family. sonme, i am fighting for my to have a mom as much as i am fighting for myself and for other women and their families. amy: that's activist, mother and writer zahara heckscher, who died from breast cancer at the age of 53 on saturday. to see our full

harley davidson jobs, they're closing it down because of the tpp and trump pulling out of that. >> this is something the president often talks about in an economic context when he's talking about issues of race and immigration. let me play a little bit from his state of the union address from a few days ago. >> after years of wage stagnation, we are finally seeing rising wages. african-american and hispanic unemployment have both reached the lowest levels ever recorded. >> howe i'll correct myself there. speaking at the retreat in west virginia earlier, reiterating some of what he said in the state of the union. he went on to express some disappointment that democratic members of the house and senate didn't stand, particularly african-american members of the house and senate didn't stand when he was talking about black unemployment. what do you make of what he said about the black unemployment rate? >> it's pure hipo ochlhypocrisy. secondly, he's taking credit for something he shouldn't take cred for. we saw uptick go to .7% from 6.6%. underlying inequality in the labor market has not b

him correctly, that under the right terms, the united states would consider negotiating to re-enter the tpp as a multilateral endeavor. >> yeah. >> i think that's the first time i've heard this. you would have to regard that in terms of the trade agenda we've been hearing so much about as really rather remarkable and encouraging development, wouldn't we? >> yes. i think we -- i think we -- i agree with you. it's not multilateral in is essence, it's plural lateral. i think that's a really good indication. one more area, if i may, where international cooperation is key and favored by many countries, including the united states, i think, actually. it's the fight against corruption. we haven't talked much about it and i don't want to spend too much time on it, but it's one area which combined with the fight against tax evasion and profit shifting and all the rest of it is actually vital to give more hope and encourage our economies. >> mark carney, i think you wanted to say something on this. >> you want to speak structural so i'll try to concentrate there. i'll start with the cyclical point wh

it is the story of the tpp. the reason the trump administration could kill the transpacific partnership is because the obama administration was unable to get a to congress. that is a fact. there are a lot of reasons for that, and there are always reasons, but is actually quite hard to get that coalition built, p have do be introduced -- and you have to be able to state clearly what it does and make a political case for. we are nowhere near that now. i am mystified, and i fear is a zombie outcome. >> no, i think we have a couple models. right,te, -- you are sometimes you bring something very conducts from the public. my guess is most of the american public will sit back, watch nervously, and pass judgment once they see the final result. we had to bank examples and 2017 that went to bank different ways. one was the congress' attempt to follow up on another of the president's promises to get rid of the affordable care act, repeal and a replace obamacare. this is a commentary, but affects a lot of people's daily live