his knowledge is unclear. >> what is the tpp. >> we're heading back inside. >> what exactly is the tppaughing] >> jon: to his credit no point directly threatening to throw that new york 1 reporter off the balcony he does what anyone does faced with a question, do you know what you're talking about? he snuck off to google it. >> a half hour later we gave the congressman a chance to answer our question. >> the tpp -- manufacture more here in america, keep jobs in america, made in america. better for this country. >> jon: here is how bad the answer is. the restaurant rating in the window behind him changed grades. that's worst than an f. they feel sorry for you. it's too bad a certain new york 1 reporter is sabotaging the campaign. >> when we asked recchia's comment on grimm. he offered this. >> he has not done a lot for labor. he has a 44 percentage record on labor. my record is much better than that. >> a 44 percentage record from where, what do you mean. >> when you rate in labor he has a 44 percentage record on labor. >> jon: what, no? labor, the labor place with the percents they rat

negotiations, to increase the transparency of tpp. and that's obviously going to be at the same time that you -- president xi's going to be dealing with apec, president obama is going to be dealing with tpp. so i was wondering, picking up on fred's sort of long-term view, you can also say a couple things about how you see tpp playing out in china's potential role. >> that is a strategic view to promote the long-term relations for the china and u.s. economic relations. and, also comprehensive. policies for free trade between the two largest economy. and i do believe we need doing something in that regard. we know that's a long term real. but that's very important to take that serious consideration. >> why tpp or ttip can be rarely in place. including chinese and americans work together. because we do believe that's two countries, great nations, great peoples can mold the development and better life for chinese and america. we know that's a long term strategy. specifically about tpp. actual lu actually, there's two, in fact. china is ve

conversations with each other about tpp and what issues are left and to give more political impetus. >> what are those points on the conversation about agricultural access? you have intellectual property. what are the things that are tidying the negotiators down the most strongly? >> it's following a couple different categories. the heart of the agreement we have the agricultural issues japan and canada and we aren't making good progress with japan and hope to engage soon and we also have issues with japan and then you've got the rules as as the said intellectual property rights, state owned enterprises, labor and environment and the ministry that we just completed a couple of days ago so we are making very good progress closing closing up the issue is nearing the differences on the remaining issues but we still have a way to go. >> you do need ultimately to have a strong majority for the american public opinion behind you for the trade deals in this environment. it's particularly tough. do you think that you are doing enough to convince the american people of the benefits of these k

the key thing that obviously is there is tpp. it's top of the mind of every asia-pacific leader, whether or not they are in tpp. even those who are out wonder what it means for them and how can they get into it. those who are in obviously are in the throes of difficult negotiations to get it done. particularly for the u.s., the constant conversation that comes up is when are we going to get this thing done? it really is a key not just about the economic future of u.s. interests but the strategic engagement of the u.s. in the region. it's a test of how people see the u.s. engage nmt the region. look ahead that's what we want to see get done. we have rcep that doesn't include the u.s. the community comes into force next year. it is a critical thing. >> i want to address your question from a slightly different angle by drawing on my experiences in vietnam. some people said the rebalance is primarily a military strategy. i want to try and counter that impression. in vietnam the rebalance and throughout the region actually certainly b

whereas that figure is 30% for tpp. people frequently ask me the question, what is the difference between tpp and rcep. from my view tpp is for rule setting. and rcep is to strengthen the regional supply chain based on the business reality. since you may not have much information on rcep but taking this opportunity to briefly explain what merit the united states business communities can get from rcep. rcep negotiating, not only trading goods, but also rule makings, such as ntb, nontariff barriers, tfp, investment protection, competition, and property rights. all these rule making if agreed will be applied to university. it's really difficult to apply domestic policies on these areas differently from, you know, rcep countries, a progress of rcep countries. and also if u.s. company establish subsidiaries in one of rcep countries, that company can benefit from commitment of services under rcep. but there's other benefits for these communities if rcep is successfully concluded. and the -- i believe that the united states ar

one, the transpacific partnership agreement, or tpp, is spearheaded by the u.s. and excludes china. chinese leaders are suspicious of it. instead, they propose a regional comprehensive partnership which does not include the united states. professor yang bojiang says the two proposals aren't necessarily in opposition. >> translator: for china, it's very important to have an open economic partnership with all nations. we must consider how to integrate such frameworks as apec, tpp and rsep through the asia-pacific region. >> reporter: the relationship between china and the united states is also in flux. china has increased its maritime territorial claims. the united states reacts by conducting military exercises with other asian nations. the relationship is also dogged by u.s. claims that it has been attacked by hackers from china's army. chinese president xi jinping is due to hold talks with u.s. president obama after the apec economic leader summit. it's expected the two leaders will have a frank exchange of opinions. another issue is the frosty relationship between china and japan.

hope all tpp countries can reach a broad agreement by the year end. those on the japanese side want to resume talks for ministers meet again in beijing next month. >>> executives at canon have downgraded their sales forecast for high-end digital cameras they blame disappointing sales in europe and japan. the executives said they revised down their sales projection for interchangeable lens cameras by half a million units and lowered est for annual revenue by about $370 million to 34.7 billion. but they said they revised their operating profit upward to $3.4 billion and they attribute that to the weaker yen. the executives said they expect sales of interchangeable lens cameras to rebound by next year. >>> the people who run one of japan's biggest mobile carriers have a plan to bring smartphone users closer together. they will give customers an easy way to share images and video as they talk. the executives said the japan-first service will use a high-speed wireless communication standard called lte. callers will be able to look at the same websites and

. >> let us not forget the opportunity presented by completing the tpp is profound. >> penny pritzker was speaking to japanese business leaders on tuesday in tokyo. talks between japanese and american trade officials are in the final stages. she says they are making progress in the farm and auto sectors but it's she says there is still a lot to do. pritzker says that japan and the u.s. need to show leadership. >> i think what's important is the countries that are participating in tpp represent 40% of the world's gdp. by segment standards and having an agreement that respects the kind of values that japan and the united states share, that will set an example for other parts of the world. >> pritzker says she hopes that summit meetings at the apec forum will help push forward the negotiations. >>> official at the european union are telling bankers to mend their ways. they are handing down fines totaling more than $120 million to three banks for rig a key interest rate. the officials say u.s. banking giant j.p. morgan and ubs and credit suisse manipulated the prices of derivatives and li

shannon mentioned that tpp. this is the united states negotiating with 11 other countries. we have free trade agreement with six of those, including canada and mexico. it took a while to agree to include canada and mexico as part of those negotiations. and yet even that there are 20 year-old aspects of nafta, why not use the tpp to be able to try to clean up some of those things? also in the process start to think about a north american market. we have a trade negotiation going on with the european union, the transatlantic trade and investment partnership. i have been a trade negotiator. i know it's not easy with more people at the table but, frankly, it's a big strategic mistake not to include canada and mexico at the table. you go exactly to what david said. areas is supposed to industry.e audi we were in canada and they said we have an auto parts industry. a lot of the industry in mexico is based on assembly. so frankly we are being shortsighted in terms of our future competitiveness not to include them. those are for practical things. you don't need to pass a law to do

down and moving on to -- there's huge interest in tpp. i was out in hong kong and tokyo last week and i can assure you our asian partners out there are very keen to get this done as well. it will help not just the united states, ttp will help all of north america because they are all three involved as bob mentioned earlier. >> one last point, people often look at these as vero there are trade agreements. this is big-time strategy because they have spent a lot of time in asia. i was there just last week. economics is the -- and frankly if you are not moving forward with your economic relationships than they wonder what's the pivot and rebalance, 25 hundred marines? it's a very serious question and frankly in the transatlantic side it fits in with the challenges you see mario to ruddock talking about. questions on whether his new monetary policy will move forward. the french came out without -- with their budget of. ttip is a vehicle for structural reform so if you want to create a global economic strength and you want the u.s. to play with

the minister in charge of the tpp is pledging for negotiations. he'll start in sydney and be joined by 11 other countries participating in the talks. he told a meeting of japanese ministers that discussions are in the final stages. he said negotiators are at the difficult point of trying to find common ground on outstanding issues. >> translator: the key to reaching a broad agreement by the end of the year is whether the countries involved can open a clear path to that goal in the conference at sydney. >> officials have hoped to reach agreement on basic issues. he said he'll do his best to accomplish that goal. >>> right onto earnings news now. hyundai has posted disappointing results for july to september is period. the car maker saw a drop in quarterly profit. operating profit of $1.6 billion down 18% from a year ago. they attribute the decline the south korean currency that's hit a six year high against the dollar. officials cited strikes by workers at factories. net profit was down third straight quarter and dropped 28%. they have a plan to ex

we get started with news on the tpp this hour. top trade negotiators from 12 countries say that they've made major progress towards a trans-pacific partnership free trade deal. they finished the latest round of ministerial negotiations in sydney and they're already scheduling more talking. the negotiators have released a joint statement. they say they've made significant progress on market access, things including tariffs, as well as rules on about trade and investment. >> we do consider that the shape of an ambitious, comprehensive, high-standard, and balanced deal is crystallizing. >> the negotiators say they'll meet again sometime in the next few weeks. working level talks will continue in the mean time. >>> many people involved in the talks want japan and the u.s. to get on the same page as soon as possible. the two countries are at odds over tariffs on five key categories of farm products such as beef and park. they're also trying to bridge a gap on auto parts. >> translator: negotiators from japan and the u.s. have made a lo

he said the tpp is a key part of the structural reforms included in japanese prime minister shinzo abe's third arrow of his growth strategy. >> we're looking forward to the bold vision that prime minister abe has laid out being transmitted into similarly bold positions at the negotiating table, as well. >> froman stressed the importance of japan's role in negotiations and he said the success of the talks depends on what japan does next. amari and froman met in washington last week, but they failed to narrow differences on tariffs for agricultural products, and also auto parts. >>> well the protests in hong kong have really been weighing on market sentiment. investors saw the hang seng index fall to the lowest point in more than four months, but many did start to buy back shares following recent sell-offs. the major benchmark had dropped more than 3% earlier in the week. you can see, though, it did close up today nearly 0.6%. 23,064 as investors came back from a two-day holiday. the people's bank of china eased its mortgage restrictions on tuesday. and this pushed up shares of chinese pro

shannon mentioned the tpp, the trans-pacific partnership.his is the united states negotiating with 11 other countries. we have free trade agreements with six of those including canada and mexico. it took a while to agreed to include canada and mexico as part of those negotiations. and yet given that there are sort of 20 oh aspects of nafta, why not use the tpp to be able to try to cleanup of some of those things? and also in the process start to think about the north american market. we have a trade negotiation going on with the european union, the transatlantic trade and investment partnership. i have been a trade negotiator but i know it's not easy with more people at the table but, frankly, it's a big strategic mistake not to include canada and mexico at the table. one of the key areas of the ttip, for example, for the auto industry which was trans-atlantic. when we were in canada they pointed out they don't have an auto industry. they have an auto parts industry. a lot of into sure index is based on assembly. so frankly we are being shor

the question is not whether those deals can get done without tpp, tpa, the question is can they get doneffectively? we believe that if congress grants the president trade promotion authority, that is the biggest and best way to ensure the best trade deals for our country. >> that authority and really show what it is made of if there aren't any amendments. if there is nothing attached to it. it has to be a straight up-and-down thing. >> that is what tpa is, but not at the exclusion of making sure the congress remains informed about everything we are doing in the context of negotiating those important trade agreements. >> stephan seelig is the undersecretary of commerce for the international commerce department. thank you for your time and. it, it isor to pull not all about the burritos. expansion is on the menu, with an italian flair. "bottom line," continues in just a second. ♪ >> welcome back. think of chipotle, and you think of tacos and guacamole. yet, the fast casual chain has been a slowly expanding its food with integrity, fast casual model to other types of food. investors are eat

my view is that the tpp is for rule 30. it is to strengthen the base of the business reality.you may not how much information is taken the opportunity to briefly explain the united states can get from perfect. offset negotiating things. not only treating groups, but also rule-making such as npt, ppt, ds, protections, competitions and exeter property rights. these are applied to domestic policies on the area, differently out of other countries. also if your company establishes one of our six companies, the companies can benefit from the commitment. so there's a lot of benefit for the communities that are effect did. i believe that the united states is very much interested both in the politics of ppt and enterprise florida. in this regard, i am very grateful for the publication by u.s.a. business council, which celebrated the 30th anniversary last night. they published a book called beyond the committee 2015. this is very remarkable piece of work. it is a political recommendation for sne, x and me complex has. they forecast on what is very helpful for negotiations. actually i am

shannon mentioned that tpp. so this is a united states negotiate with 11 other countries.de agreement with six of those, including canada and mexico. it took a while to agree to include canada and mexico as part of those negotiations. and yet even that there are 20 year-old aspects of nafta, why not use the tpp to be able to try to clean up some of those things? also in the process start to think about a north american market. we have a trade negotiatio negos with the european union, the transatlantic trade and investment partnership. i have been a trade negotiator. i know it's not easy with more people at the table but, frankly, it's a big strategic mistake not to include canada and mexico at the table. you go exact what david said one of the key areas of record for aninstead is can for example, fr the odd industry which is trans-atlantic. we were in candidate they conducted a have an audit into. they have an auto parts industry. a lot of the industry in mexico is based on assembly. so frankly we are being shortsighted in terms of our future competitiveness not to include

austria stamm the tpp partner of operations, so we do know there's something going on in the main questionot just the role of austrian companies, but what is the role of the u.s. companies in this? only providedot by austrian companies, but also companies from other countries involved in networking. we need to see what the role this. >> what message do have as president of european digital rights to people in the united states around this debate? >> i think what needs to be done, the uris and -- the u.s. and elsewhere, we need to stand up for our fun a mental rights of freedom of communication, freedom of expression and i think we need an informed debate about what intelligence agencies are doing now and limits to their activities are. it needs to be clear about that. as far as the relation between the u.n. and u.s. is concerned, i think we first into agree that fundamental rights in the european union, needs to be accepted and agreed on by the u.s. before they can talk about any exchange of data and about any replacements or improvements of the safe harbor agreement. there is a lot of wor

we need to pass, trade promotion authority and i think we're close to getting tpp done.his is really important. free trade is really important. i was just got back from japan and korea and you realize that if we can get tpp finished, which i have all the confidence in the world in our u.s. trade representative and the teams that include a number of members from the department of commerce in the negotiation that will get this done, that's 40% of the world's gdp where you're taking away non-tariff barriers, where you're taking away tariffs, where you're really creating a much greater level playing field for our companies which ultimately translates into jobs here and we have to realize, these trade agreements, the united states, we're pretty much open for trade today. it is not like we have big tariffs in place and a lot of our sectors. the rest of the world there is a lot of barriers to our companies. so these are really important agreements for us to get done but they're also important for the rest of the world to get done. infrastructure, trade, tax reform. we need, we

it requires a very assiduous attention to making sure your tpp is appropriate but it doesn't need to be super complicated. now what do we know about these? one of the outbreaks were we have the best data, 16% of household contact developed a bola. 29% who had direct contact with cases their fluids became infected but no household members who had no direct contact became infected. so i think that's one of the messages we can dispel is that if you don't have contact you are not going to become infected. interacting in this outbreak 80 of this outbreak 80 of the cases so 80 out of the 315 were health care workers and the epidemic was arrested by the institution a simple barrier precaution in intensive training. this is an active -- epidemic curve from pickwick pickwick and here's where the implemented barrier precautions. you can see that there were cases for about a week after the implementation that would fit with the fact that these people were incubating. there was one isolated case and by the way the black bars are health care workers. whether there was transmission and this partic

which would have given a big push for the lateral system which then we could have done all of the tpp's and so on. they became alternatives to. i think that is where the u.s. -- i mean, the president is leaving from behind has hurt us. in fairness, professor, a lot it has beenuld say floundering for quite some time and not just president obama. i want to ask about the risks the imf called out yesterday. which among those are you most concerned about? >> i would say the russian situation because i think they're doing exactly what i fear now in light of the current situation, which is that everybody is going to be turning inwards. even in the united states, we talk in similar terms. the president is always saying, we must stop the outsourcing, which is another way of saying, we wish we were protectionist. in russia, it is a same thing. ,here really turning inwards talking about doing everything at home. >> focusing on eastern europe and russia. >> and we know there is no more mozzarella in moscow. it is true because of the food ban. >> there have been protests in moscow because of no mozz

it requires a very assiduous attention to making sure your tpp is appropriate but it doesn't need to be super complicated. now what do we know about these? one of the outbreaks were we have the best data, 16% of household contact developed a bola. 29% who had direct contact with cases their fluids became infected but no household members who had no direct contact became infected. so i think that's one of the messages we can dispel is that if you don't have contact you are not going to become infected. interacting in this outbreak 80 of this outbreak 80 of the cases so 80 out of the 315 were health care workers and the epidemic was arrested by the institution a simple barrier precaution in intensive training. this is an active -- epidemic curve from pickwick pickwick and here's where the implemented barrier precautions. you can see that there were cases for about a week after the implementation that would fit with the fact that these people were incubating. there was one isolated case and by the way the black bars are health care workers. whether there was transmission and this partic

that is what he said at west point when he talked about the focus on tourism, what he is saying in our tpp. the ttip. economy inglobal asia and europe and the united states, we're focused should you gently on how do you play the long game. the long game is raising the standards of trade. >> are we playing along game? >> you asked earlier -- >> what is the importance. there's an interesting comment about the u.s.-israel relationship or he said that relationship transcends into individual leaders. it was an issue sting comment. what is the long game in a case like israel? jeffrey goldberg my colleague -- >> i read the article. >> he had spicy words thrown out there but the broader question is what is the long game in the arena that keeps ripping itself apart? >> everybody knows from the investment i made much of last year find a way to bring the parties to make peace in the middle east. we still believe it is doable but it takes courage and strength. you have to be prepared, both sides have to be prepared to compromise in order to do it. here's what i know and i think all of you know this vi

that's tpp committee safe is if there's trust between the committee and law enforcement. >> if i could ask just to get a breakdown immigration reform, some aspects but if you could speak to the economic benefits of passing the dream act. do not much of a boon to the economy that would be smart to point. first one to the question you asked the senator about, i think was not.org which is mexican american thinking together, they released a study that showed 65 so the people they interviewed in one state, i think the state of -- had no desire to seek u.s. citizenship. their families or their. they want to come in the. sometimes they forget to make the assumption if they come here that they want every benefit known to man and they want everything else here. >> couldn't and i very go by mexican state? if you took the same polling, as people on the border, there have different -- >> if you want to talk about this issue in a vacuum, yes, you can discuss that but one of the parts of it doesn't get debated a lot is what's happening in mexico on the economic front. there are nation's number two t

it requires a much, a there is said to us attention to making sure that your tpp is a prohibited doesn't need to be super complicated. now, what do we know about these? well, and kikwit which is what the outbreaks were we have the best data, 16% household contacts developed ebola. 29% who had direct contact with cases and influence he came infected. but no household members who have no drug contact became infected. i think that's one of the messages that we can dispel is that if you have contacts are not going to become ineffective. interestingly in this outbreak, 80 of the cases, 80 out of 315 were health care workers, and the epidemic was interrupted by the institution, a very simple barrier precautions, and intend to turn. this is an epidemic curve from kikwit figures were to implement the barrier precautions. you can see that there were cases for about a week after the implementation that would fit with the fact that this before incubating. there was one isolated case. by the way, the black bars are health care workers, where there was transmission. and this particular health care wo