so they would have won on agriculture if the tpp had been concluded already. but i think also within the asia region particularly in vietnam sense, they are a big winner. the deal that has already been agreed in terms of textiles would have given duty-free access for vietnam into the u.s. market. the garment industry would have been a big winner. that's a major export for vietnam. malaysia would have got much enhanced trade access in north america. >> much of the discussions have been behind closed doors. what i find interesting is for the first time, we are getting a glimpse of some of the details of this deal, among them is a deal to protect wildlife and the environment. it isn't often you get ministers agreeing on environmental matters tied to trade deals. >> well, the scope of the tpp is very wide ranging and it's covering a whole range of areas that aren't often covered under trade agreements. one of the areas that's in focus is intellectual property rights which has been covered by tpp and has been one of the controversial areas because the u.s. has quit

tpp. >> jon: yeah, unless tpp stands for trump presidential project, i realize it's not that interested but go on. >> it's a trade and foreign investment agreement between 12 nations that make up 40% of the world's tpp. >> it is the center piece of president obama's economic agenda. >> the transpacific partnership would remove trade barriers and tariffs around the pas civic rim. potentially taking up to one-third of the world's trade. >> the a.f.l./c.i.o. says tpp does nothing to create jobs. >> jon: well, that-- that's not-- what about the jobs it creates in the pas civic rim? the pacific rim jobs. now some people say-- some people say they're not interested in the pas sick rim job. well, i say until you have had a pacific rim job, until you have gotten in there and done a pa sick rim job or gotten the satisfaction of giving someone a pacific rim job, it is easy to dismiss a pa sick rim job am but i stand here tonight announcing loudly to anyone who can hear me, i am an advocate for the pas civic rim job. why, why are people snickering. you know what, let me bring out the writer of tha

, what kind of signal he will try to show to tpp?thank you. >> even though the mayor is a medical doctor i believe that he still international allegiance. shanghai communiquÉ are sino japanese relations. that choice is very smart. respect doesn't mean that a recognized or pay attention to, doesn't mean that i acknowledge or accept. but again i think it's that local level. but mayor is very important position. but at the same time in return china doesn't say anything about appreciation about that are setting up as a model. i think it's a testing, and also share with my understanding that the mayor will have a bright future. the visit, according to our past experiences, probably china will try to encourage u.s. to put some pressure is on taiwan, but up until now i don't see the real agenda for president she's visit, whether he will reiterate some existing policies or slogans. i'm not quite sure about that. alan may have some thoughts -- president xi. >> he sent me an e-mail this morning. [laughter] i agree. i respect and understand the

>> i'd say we're ambitious, not only for a country but as a quality tpp. mean, anyone can do a deal but if it's low quality and it doesn't take you very far, by definition, you're not actually opening up each other's borders and each other's consumers. and the fundamental principals underpinning tpp were always a high-quality, comprehensive deal. that's what we agreed on. that's what we pitched to the new entrants that wants to come in in the form of mexico. it doesn't mean that we're going to get utopia and we're going to get everything that we want and the countries that care more about getting what they want. but i think if we just have that ambition, but a practical fit for our economies will be heavily diluted. >>> let's talk politics, donald trump goes on the defensive. appearing on sunday news talk shows the republican presidential candidate insists the comments on megyn kelly has been misinterpreted. >> any change this morning -- do you want to apologize? >> no, need to apologize, she asked i thought very unfair questions and so did everybody in so

because she said the other day that she did not actually work on the tpp. that is true.r trade negotiators, with michael froman, our current one, who was also very involved when he was the leading person in the white house. so this has been a very top priority for the situation with president obama. you know, what secretary clinton has said is that she is not pro-trade or anti-trade. she is case-by-case, so she has been pretty clear that she will wait and look at the details before she makes a judgment, and i think that is what she will do, and i will not try to get but, you know, there is no question. trade is very difficult in the united states. it was very tough for president obama to pass the trade, but i think it was a little early to tell at this point what the significance of the break off wise. i think michael froman certainly , at least publicly, communicated that it was temporary and not a permanent setback for the tpp. theaad: well, she needs unions, and the unions do not like this, so how much of this is politically motivated then? >> i think this is about he

the tpp seen as parts of u.s. president's barack pivot to asia to counter increasingly assertive economic moves by beijing. rob mcbride on ideal china will be happy it's gone wrong. >> the sense of chinese satisfaction, even glee is pal. for pay jing this has been about more than trade. it is the strategic signifcancer of a packet fashioned by the united states with their alleys on this side of the pacific seeming to stifle the ambitions of the world's second biggest economy in what it will consider to be its own backyard. as america struggles with its grand plan, so china has been busy with its own trade agreement, far less ambitious but agreements that have been signed and put into effect most recently with south korea and australia as the tpp is further delayed, it seems its very relevance is being brought into question. >> zimbabwe's fafk force says the brother of cecil the lion now also being killed. deaths have let me to tighter restrictions on hunting in areas surrounding the country's largest game reserve.

secretary john kerry: we are hoping that before the end of the year, tpp can be completed. i am very, very confident that tothe tpp will boost trade improve worker standards, improve environmental standards have a consequence of raising the standards of business for 40% of the global economy. >> one final story. sales in the united states have dropped to their lowest level in years for watches. many are blaming the apple watch for chipping away at traditional demand for timepieces. in january, apple begin selling the watches. now the company has remained tightlipped on watch sales, forcing many investors and analysts to rely on guesswork. that is the business news. i will be back in 40 minutes time with more. host: thank you for that. time for our daily sports roundup. >> france kicks a this evening. they finished a disappointing eighth last season. but to the previous champions are optimistic. >> i think we have a lot of quality in this squad to have a great season. i am sure we must be 100% all the time. we cannot afford to lose focus against any side. we don't have the s

i am a strong supporter of tpp. i want to see the final elements. i am a little concerned about this last meeting and some of the things that are happening with intellectual property. but i think that certainly establishing a good agreement, a good tpp agreement, is worthwhile. i think it would go without saying that most of us are concerned that the upper ranking of malaysia had more to do with trying to make sure that tpp was entered into successfully than a care for people being trafficked. i think that is sort of the central reason we are having this meeting right now, along with cuba and a few other places. the administration's policies towards those countries tromp -- trump any real regard for humans being trafficked. we understand that obviously malaysia is passed along. what about the actual effect on people. i see very minimal -- it's like eyewash -- affect on human beings and malaysia. let's face it. but the outward about this. many of us believe -- to use a rhetorical phrase -- you sort of through the trafficking piece under the bus to en

. >> the staff of the presidential campaign effective in january is an unofficial deadline for the tpp. any principle deal needs to be ratified by national government and u.s. congress before then without president obama pushing it, it could disappear. >> no deal reached in howe. undoubtedly there is disappointment for those on the stage, but there is no doubt for further talks but the ministers say they will go on. >> well, asia's largest economy china, was not part of the talks. it would counter a set of economic moves by beijing. rob mcbride complains why china will be happy that these talks have stalled. >> the sense of chinese satisfaction even glee is almost palpable. it's been far more about far more than just trade. it's been united states' pact with the allies on this side of the pacific to stifle ambitious in it's on backyard. so china has been busy with its own trade agreement. far less ambitious but an agreement put in effect with south korea and united states australia. as the tpp has been further delayed it's been development has been brought in question. >> in zimbabwe t

presidential campaign effectively january is an unofficial deadline for the tpp. any in principle deal needs to be ratified by governments and the u.s. congress before then. without president obama pushing it it could disappear. >> no deal reached here in howe undoubtedly disappointment on the stage for the ministers. there is no date set either for further talks but the ministers say they'll go on. >> well, arab's largest economy china, was not part of those attacks. rob mcbride explains why china will be happy talks have stalled. >> the sense of chinese satisfaction even glee is almost palpable. for beijing this deal has been about far more than just trade. it's the strategic significance of a pact fashioned by the united states with their allies on this side of the pacific seeming to stifle the ambitions of the world's second biggest economy in what is considered it's own backyard. as america struggles with its grand plan so china has been busy with its own trade agreements far less ambitious but agreements that have been signed and put into affect most recentl

but clearly we hope we can support a tpp that meets the high aspirations that were set when the tpp was launched. but that remains to be seen and we'll be watching the final days, weeks and months. >> did the white house reach out to you or to the individual companies in the u.s. auto sector? >> i would commend the administration, the ustr has worked closely to try and address the technical barriers to trade that exist with tpp countries. clearly we have been working with members of the house and senate and the administration to make them aware of how important we think it is to address foreign currency manipulation in the agreement. it is easy to undermine a free trade agreement by devaluing the koor currency. >> brooklyn, maryland, is up next on the line for democrats. you're on with matt blunt. >> caller: hi, matt. i was wondering how many employees do these big three companies have now compared to what they used to have and historically in the past? >> there are about 200,000 today. that's a smaller number than the past. the companies have restructured and become more efficient and

gad to see that outcome. >> january is an unofficial deadline for the tpp. any deal needs to be ratified by national governments by the u.s. congress before then. without president obama pushing it it could disappear. so no deal reached here in hawai'i. some disappointment on the stage with the ministers. there is no date set for further talks. but the ministers say they will go on. >>> debris that investigators believe could be from missing flight mh 370 arrived in france for testing. the piece of a boeing 777 washed up on reunion island. the discoveries have baffled aviation experts for more than a year. >> reporter: this rocky beach is where the wreckage was found. police walk its length. and watch from the sky perhaps there's more to find. the work discovered the debris while cleaning the beach. he thinks this bottle could be another clue. so he's taking it to the police. >> translator: i have 30 walkers and every morning before we start, we will check the sea. and if we find something we will call the police. >> reporter: the discovery of wreckage made

there is nothing in the tpp to discourage or take action against those who manipulate the currency. not just chinese but also japan. vice president biden jump into the race? >> i would welcome him. he is a good and decent man who has served our country for decades and he would bring perspective and wisdom. our party can do better in the general election if instead of closing off and limiting debate we have more debate. more voices of experience that , the better we will be. i would welcome him. i would welcome his entrance. i have respect for his family and everything they have gone through. i would welcome him here. he is a good and decent man. i have tremendous respect for him. i have been well served by him in the senate. >> you think it is a problem for the democratic party, bernie sanders is a socialist. do you think that is an issue? does that make his candidacy viable? a martin o'malley: it may be problem long-term for senator sanders. i believe that the democratic ofty has a tradition offering pragmatic solutions to challenges we face. i'm a lifelong democrat. i believe deep

therefore cause them to move from tier three, to tier two which conveniently by the way causes the tpp process to work in a way that works very well. >> the tier two watchlist criteria pursuant to the td pa law means the government does not fully comply with the minimum standards of the limitation of trafficking but that government is making significant efforts to do so. while malaysia tier two watch reflects the government's efforts and commitments to amend and and the trafficking laws the factory mains that they have major work to do on their antitrafficking efforts. we will continue to work with the malaysian government as the secretary said yesterday in malaysia to urge the government to make continued progress. in terms of of the application of the td pa law itself, and malaysia's upgrade is the malaysian's government efforts during the reporting period as well as its commitment to amend antitrafficking law in the year ahead, which was a course the number one recommendation from the 2014 tip report. during the reporting period the government officials consulted with civil society

. >> with a deal as complex as the tpp deadlock in one area prevented progress in others. productions for specific industries exporting from specific countries were in play along general discussions in common regulations not just trade but production. and that's where critics were concerned. the ministers would concede on other regulation it is they got their way on productions. the copyright periods for medicines banning generic drugs competing for brand names for longer concerned those that the world's poorest would not be able to pay higher costs. with no deal campaigners are celebrating. >> for us this is a victory. what we've seen are several countries, australia comes to mind. standing up and saying we're not going to trade away health this week no matter how hard you lean on us. that makes a big drinks. >> the staff of the u.s. presidential campaign effectively january is unofficial deadline. any principle deal needs to be readified by national government. without presidentiawithout president obama pushing it, a deal may not appear. >> there is no date set yet for f

the tpp seen as part of u.s.sident's so-called pivot to asia to counter increasingly asserted economic moves by beijing. that's the fear in china. rob mcbride tells us why china is going to be happy things have gone rather wrong. >> the cents of chinese satisfaction even glee is almost palpable for beijing. this deal has been about far more than just trade. it is the strategic significance of a packet fashioned by the united states with their alleys on this side of the pacific seem to go stifle the ambitions of the world's second biggest economy in what it will consider to be its own backyard. as america struggles with its grand plan so china has been busy with its own trade agreements far less ambitious but agreements have been signed and put into effect most recently with south korea and australia as the tpp is further delayed, it seems it's very real relevance has been brought into question. >> the deby which investigators think could be from flight 370 has arrived in the french city toulouse. it will be teste

the last thing is tpp. they do not even want to know anything about it. give it to him and he can handle it. when it comes to iran, they are all over it like you cannot trust it. china was part of the p5 plus one to negotiate that. how would you respond to the sentiment? guest: 30 is a doctor shortage in the united states. , especially toms underserved areas in the united states. a part of those programs, you are right about that. in terms of doing business with communist china, you raised a question. as you suggested, it evokes the red scares. culturalations against and political figures. the chinese communist party is authoritarian in daily operations. it can be totalitarian when it feels there is a threat to the monopoly on power. for a long time, it has not been meaningfully communist in any way. it is a one-party authoritarian state. out communismrry or believe in communism. it increasingly believes in controlled markets. it is the role passes number two economy. it will soon surpass the united states in terms of absolute economic volume. it must be

credibility impacted short the tpp lack support? it does not come to pass, it is a huge setback for everyone. must absorb the bulk of responsibility. but i am a mystic. there is a -- optimistic. there is a broad consensus we need this. what we saw last week was people , had too aggressive pull back and recalibrate. i think we will get it. haslinda: singapore is a huge ally of the u.s. but is trying to establish good relationships with neighbors like china. relationship be copper must? -- compromised? the u.s. has shown over time it is a good partner for singapore. but singapore is legally non-allied. it is always welcoming to chinese ship visits. singapore has done a good job of respecting neutrality, welcoming all parties to the region. haslinda: you said before that singapore needs to preserve strength. >> economic efficiency. singapore has a strong economic integrity. cronyism,orruption, market distortion. a huge emphasis on the best possible outcome. secondly, internationalization. if you have multi country activity, you need pe

hadley: one comment, one of the senior afghan talked about how the tpp has changed things significantly, and the more the state gets destabilized by these more safe havens in afghanistan there will be for the tpp to destabilize pakistan. growing recognition of that concern was also mentioned. i just j. hadley: neglected to mention to other things we heard in india that were relevant. one is the indian steel that -- feel that how this reconciliation comes out affect them. how much influence the taliban government has in afghanistan post-reconciliation. how much influence pakistan ontinues to insert -- exert the taliban. one of the things we heard was the u.s. government needs to be in dialogue with india about how this reconciliation is going, and taking into account india's concerns. is aecond thing we heard concern that the pakistan may feel or believe that if in some sense they accommodate us, by encouraging reconciliation, that will effectively raise the threshold of allowable cross-border activity by terrorists from pakistan into india. something the indians would not take kindly to

. >> with a deal as complex as the tpp deadlock in one area prevented progress in others.ower productions for specific industries exporting from specific countries were in play along side general discussions on common regulations not just the trade but also production. and that is where critics were concerned. that ministers would concede on environmental standards or labor regulations if they got their way on productions. but big business would be given more power over consumers. the proposed lengthening of copyrights for medicines concerned those who said that the world's poorest would not be able to afford the higher costs. >> for us this is a victory. from what we've seen from several countries australia comes to mind standing up that we're not going to trade away health this week no matter how hard you lean on us. very glad to see that outcome. >> effectively january is an unofficial deadline for the tpp. any in principle deal needs to be ratified by national congress and u.s. congress before then. without president obama pushing it the medicine could disappear. >> no

we hope that we can support a tpp that meets the high aspirations that were set when the tpp was launched. that remains to be seen. the final watching weeks and months of the negotiations as they wrap up. host: did the white house reach out to you? guest: i would commend the administration, the ustr has worked closely with us to address the technical barriers to trade that exist with the tpp countries. we have been working with members of the house and senate and administration to make sure they are aware of how important it is we think it is to address currency manipulation. it is easy to undermine a free trade agreement by devaluing currency. we have seen that happen in the past. host: robert in maryland is on the line for democrats. wondered how many employees do these big three companies have now compared to what they used to have in the past? two hundredve about thousand today. that is smaller than in the past. restructured have and become more efficient and effective. 200,000e about employees. that is two out of three american auto workers. that work for fca, ford, or general motors

. >>> ministers of countries involved in the transpavgs part pacific -- transpacific partnership or tpp. >>> countries like australia and emerging make thes say this makes health care too expensive. they're demanding quicker access to jenneric drugs. another issue was dairy projects. usually officials want to export more and they maintain a tough stance. japan's minister in charge of the talks express frustration at a news conference. >> one country is making excessive demands. i think the officials feed some time to cool down. >> so did the negotiators make any accomplishments really to speak of? >> well they did make some progress, for example, on the export price to japan. farmers in japan have struck concerns about this. the ting is government is ready to increase how much foreign rice is found by. there was another progress too, in the service sector if southeast asian countries. you could say the attitudes of members have profited. behind that is the bill the u.s. congress passed ifdown. the bill gives authority to president barak obowl to fast track their free trade negotiations.

the tpp has additional provisions which i do not like. we need a trade agreement which works for working-class families as well as people around the world, not just at the ceos of large corporations. mr. palomarez: your track record against nafta and tpp, which you classify or characterize yourself as anti-trade? mr. sanders: no. i am against these philosophies of trade agreements. i am against a trade agreement which result in job loss of america. we have lost millions of jobs as a result of these agreements. i am against that.. i believe we can establish policies that work with small businesses and work with workers in our country and people in other countries. that is not in the philosophy behind the trade agreements that i have seen in the last 20 years. mr. palomarez: on to one of your favorites. financial institutions. the ushcc works with the broadest array of financial institutions in this country because they provide billions of dollars every year in loans. they are a reliable source and a ready source of credit and capital for s

as the tpp is further delayed it seems its very relevance is being brought into question. >> the debris from what is hoped to be mh370 has arrived in france. tanya page has more from reunion. >> this rocky beach is where the wreckage was found. police walk its length. and watch from the sky perhaps there's more to find. philippe's workers discovered the debris while be walking the beach. now this bottle he feels is another clue so he is taking it to the police. >> i have 30 walkers and every morning before we start we will check the sea and if we find anything we will call the police. >> this small find in the indian ocean, an important part of the search for mh370. aviation experts have seen this footage say codes on it show it's from the wing of a boeing 777, the same as mh370. the man who found it is relieved relieved. >> translator: it is clearly from the plane i'm happy for the families. now they know for sure they've perished. >> reporter: while the wreckage is wrapped for transportation to france for investigators to examine it, the deep sea search continues. it does confirm they

japan's minister in charge of tpp talks said working level discussions would continue. >> translator: all the participating countries hope to make this the last ministerial meeting. >> ministers began talking again friday morning. >>> japan coast guard personnel have been dealing with a fire on a ferry. they helped rescue nearly 100 people, including all the passengers. now they are searching for a missing sailor. the sunflower was carrying 71 passengers and 23 crew members. she got into difficulty friday evening, 55 kilometers off the japanese port. the ferry's operators say the fire broke out in a truck. they say they're trying to put it out. >> translator: crew members reported they were trying to extinguish the fire with sprinklers. we ordered them to report the fire to the coast guard. as of 6:00 p.m., they had not been able to put out the fire, so we directed the captain to issue an evacuation order to everyone onboard. >> coast guard personnel worked with other ferry crews to get people off. they say no passengers were hurt. some passengers described the fire. >> translator: bl

japan's minister in charge of tpp talks expects to meet again as early as next month. >>> economic revitalization minister akira amari would try to speed up the next round of talks. >> translator: working level negotiation on unresolved issues are under way. we will consider an agenda for the next ministerial meeting while keeping an eye on the outcome of these discussions. >> amari noted japanese officials will try to get the talks resumed soon so participating countries remain committed to concluding a deal. he said participants should feel a sense of urgency and try to narrow down the issues in specified timeframe. >>> managers in japan's construction industry have a problem, a shortage of workers. work continues to rebuild from the 2011 earthquake and orders are flooding in ahead of the tokyo olympics in 2020. nhk world reports on some high-tech solutions. >> reporter: a new hotel is going up in tokyo. the construction crew is hard at work. the kind of work that puts bodies to the test. >> translator: this is hard on my back president at construction site sometimes jobs are physically too dem

been reinforcements some sort of special forces which we have seen that we understand belong to the tpp coalition that have been supporting the government by request of the president to establish some sort of security here in aden for the government to return with an outlook to spread the authority. not only aden, but the rest of the country. although they are in control of aden international airport the situation is still fluid. that's why the aircraft that has delivered the aid is only staying for enough time to unload the cargo before it takes off again. there is still shelling and motor attacks that take place. >> two soldiers have been killed in what's described as a suicide bombing in eastern turkey. a truck packed with explosives. 24 people have been injured. the pkk has been blamed for the attack. violence has increased. >>> they have been protesting against the turkish air strikes. police fired. politicians are calling for a resumption of peace talks with the pkk. >>> kurdish protesters in northern iraq are calling for an end to the bombing campaign. some are condemning iraq's

so when i look at the tpp, even accepting what she said, the first time i think is why is that subjectto a 25% tax because ford motor company sees in its industry to maintain that protection. why is that choice limited for that individual? now at the same time you have to be conscious of what is really going on in the world. for example, as a free-trader when i see a chinese company, i'm clear concerned about that. now it's not the conventional concern that it is eroding industrial, i worry about the basisline technology. but i worry about the fact that a chinese company becomes part of a political process, right. all those thing that is we learned reflects why we should be concerned about that. when you say there's limits on free trade, i would say we should pursue for the benefit of eliminating those sorts of tax that is we see that injury our ability, we should have clear conscious of the areas that you are inviting forces down the road. my response would be on free trade, trying to make sure that we are trying to vindicate our rules in the global marketplace and deep consistency or

. >> with a deal as complex as tpp deadlock in one area prevented progress in others. production for specific industries were in play along general discussions in common regulations not just trade but production. that's where critics are concerned. big business would be given more power over consumers. the were posed lengthening of copyright... for medicines banning generic drugs exciting competing brand name longer. >> for us this is a victim. what we've seen several countries australia standing up saying we're not going to trade away health this week no matter how hard you lean on us. i'm very glad to see that outcome. >> the staff of the presidential campaign any principle deal needs to be ratified by the national conference and u.s. congress. without president obama pushing it, it could disappear. no deal was reached in hawai'i undoubtedly amid disappointment. the ministers say they will continue going on. >> there will be enormous pressure over the next few weeks for a del to be reached. >> inin the big picture it's not a surprise because of the missed deadlines o

the fact that there is a common nexus, a communal cold of extremism and whether it's tpp or was it also gives rise to afghan taliban or al-qaeda or the haqqani network for a range of other actors that other countries are also involved in is a compelling one and one that increasingly -- there has been a redoubling of efforts domestically to take of extremism and recognizing that reconciliation reconciliation process is part of that. the other piece is looking at as we got closer to the security transition the fact that the international community, 10% of the national forces that were there two or three years ago 10 15,000 as opposed to 150,000, they recognize that they were not benefiting from the potential of insecurity and instability on their borders that they can be invested in stability which they note is fundamentally political stability. so the success of this unity government, their ability to confront military the taliban but ultimately reconciliation process was the surest way to that resolution. so we have seen quite a significant movement here from the pakistani government wi

however, on the trade issue we , are watching carefully what's going on in the negotiation of the tppand we've given the president an extraordinary grant of authority. enthusiastically in favor of. it is a six-year bill. but we are certainly interested in what comes out of it. and i would remind froman, the president and the administration that given the politics of trade on the democratic side, they're going to need virtually. all republicans to pass whatever they do negotiate. and we have obviously taken the opportunity to convey that to them. we will see. >> any timeline on customs? sen. mcconnell: well, as soon as they finish. >> thank you. i was wondering -- you know, regardless of what procedural senator -- procedural tactics senator cruz and others try here, do you think you have the votes to pass the funding of planned parenthood? you all keepl: trying, don't you? i don't blame you. it's your job. (laughter) yeah. we'll fund the government. i can't tell you what will finally end up in or out of any government funding resolution. i can tell you without fear. there will be no go

tpp, let's give you some details. 90% of terrorists will be removed -- 99% of tarriffs will be removedt will help integrated vietnam into the global economy. fiftham is the eu's biggest trade partner in all of asia. in exports electronics, pharmaceuticals, and vietnamese coffee. this agreement has been reached in principle, but it's a requires more work to finalize. in late take effect 2017 or early 2018. yvonne: what about the wto than? sidestepping eu is the wto, opening trade on it's own. failedd about negotiations still deadlocked, and the transatlantic trade and investment partnership despite initial optimism it has yet to thelude, so they say national trading system is struggling. so the eu is making trade deals on it s own. you have to get cracking and be creative. yvonne: get cracking, indeed. thank you so much. let's check in on some of the stories, shares at mgm resorts rose the most since march. the casino operator revealed second-quarter earnings of $.19 a share. games in los vegas helped a slump. busy lands in hong kong and paris may not be the happiest places on earth aft

there is the possibility of the tpp passing. tom: that gets us to the top headlines.ina this morning. here is julie hyman. julie: the decision to devalue the yuan is rattling markets again and spurring the people's bank of china to intervene. the currency sang for the second day. bloomberg news reports that authorities did intervene to support the yuan and banks were told to limit some dollar purchases. stocks are down around the world and futures indicate that u.s. stocks will be down at open. they are now in a bear market down 22%. back assays it will buy much as $4 billion worth of stock over the next two years. they are trying to revive a share price getting hammered by concerns about the slowing chinese economy less than a year after going public. alibaba's market value has plunged about $100 billion since november. an insiderct in trading ring has been freed on bond. investigators describe him as a linchpin. he worked on wall street before -- donald trump has plenty of plans for how he would run the country but is not ready to unveil them yet. reporters he will

with regards to the tpp discussions and nontariff barriers, i think oftentimes biosantitary issues are raised to a level that are not based on science. rep. costa: correct. dr. clifford: we definitely know that this is the case with a number of these countries. having said that, there are also a number of these countries that have regionalized us, and have done it in a complementary way and it has supported us. my friend in counterpart in japan, dr. toshira kawishima was under a lot of pressure, i know, to shut off the u.s., and he stood with us. i am much appreciative -- he wants to develop some strategies that we have with canada between the u.s. and japan something we will continue to talk about and move forward with. rep. costa: all right. you might want to provide the subcommittee with more information on that effort. let me move back to the domestic front. what has the department done to work with various states to prepare for this fall flight season? do you think we are adequately prepared for the full flight season? dr. clifford: i think that we are preparing for that season, a

is trying to push open the was mark's, but the question is how can they do that in the name of the tpppimm: thank you for enlightening is about this sugar program. our bloomberg agricultural reporter reported from washington dc. i also want to thank my, was coming up, alex deal. coming up on the bloomberg ,arket day, hurricane katrina 10 years later, we will look at efforts to restore the states wetlands. ♪ pimm: this is the bloomberg market day. 10 years ago hurricane katrina made land all on the gulf coast. ofe than 150 square miles louisiana's wetlands disappeared in the year that followed. in the state plans to spend billions of dollars to repair or replace that marshland. some parts of the plan are controversial. david reports. >> the greatest threat is not the hurricane. >> the coastal master plan calls for the state spend $50 billion over 50 years. >> it was a little eye-opening. >> some of them will come from the government, and six billion dollars will come from the bp oil settlement. >> we are in open water. 18 miles. before hurricane katrina, you have much more vegetation, y

we heard about tpp, also transpacific atlantic trade -- all of that is being negotiated.ons started five years ago and it is still ongoing. it is a different trade environment today. it is complicated. shery. shery: thanks a lot. haslinda, our southeast asia correspondent. staying in the region, one of indonesia's traditional industries is experiencing a revival thanks the surging demand for its price -- gem. we look at the booming trade. >> among the rice paddies of west java, an army of miners search day and night for gems. locals of known about the stones and thanks to their exquisite quality and exceptional prices, the wider world is fighting out -- finding out. >> the quality of our gemstones are unmatched. they often show a mixture of hues. some gemstones could have five colors, maybe more. reporter: demand is soaring with collectors from japan, taiwan and south korea among the leading customers. gemstone dealers are seeing a spike in prices. it is catching $100 per grand and a top-quality ring is over $30,000 or more. >> i think we need to apply international stand

the tpp is going through. one in five jobs in this country are trade dependent . -- dependent.port 10% of that around the world. export parts.e as if you like the fabric of a tpa approval, we like that. it is very vital. why? when this country exports and imports standards. charlie: what do we do that we are not doing to make growth higher? andrew: tax reform, education reform, although workplace reform -- all of the workplace reform, an energy policy that makes sense, regulatory reform. charlie: does it drive you crazy that those things are not happening in america, not happening in washington? andrew: policy and politics came from the same root, but they have been unfortunately divided. no policy, lots of politics. charlie: if you are ceo, you are in full view. about how youory had spent company funds on personal vacations and those kinds of things. where is that? andrew: it's an old issue that surfaced and was put to bed in 2010. it is no longer -- and it has not been an issue for over five years and just resurfaced. tos is journalism that tried sensationalize what happened

the last thing is tpp. they do not even want to know anything about it.it to him and he can handle it. when it comes to iran, they are all over it like you cannot trust it. china was part of the p5 plus one to negotiate that. how would you respond to the sentiment? guest: 30 is a doctor shortage in the united states. , especially toms underserved areas in the united states. a part of those programs, you are right about that. in terms of doing business with communist china, you raised a question. as you suggested, it evokes the red scares. culturalations against and political figures. the chinese communist party is authoritarian in daily operations. it can be totalitarian when it feels there is a threat to the monopoly on power. for a long time, it has not been meaningfully communist in any way. it is a one-party authoritarian state. out communismrry or believe in communism. it increasingly believes in controlled markets. it is the role passes number two economy. it will soon surpass the united states in terms of absolute economic volume. it must be dealt

however, on the trade issue, we are watching carefully what is going on in the negotiation of the tpp, and we have given the president an extraordinary grant of authority, which i enthusiastically am in favor of, not only for him, but for the next president as well, since it is a six-year bill, but we are certainly interested in what comes out of it. i would remind the president and this administration that, given the politics of trade on the democratic side, they will need virtually all republicans to pass whatever they do negotiate, and many of us are taking the opportunity to convey that to them. so, we will see. reporter: any timeline on customs? senator mcconnell: as soon as they finish. reporter: ok, thank you. senator mcconnell: you. reporter: oh, thank you. regardless of what procedural tactic senator cruz and others pursue, do you think you have the votes today to pass a bill to fund the government past september without language defunding planned parenthood? senator mcconnell: you all keep trying, don't you? [laughter] senator mcconnell: i don't blame you. it's your job. yea

tore is nothing in the tpp discourage or take action against those who manipulate the currency, not justnese, but also japan. >> should vice president biden jump into the race? martin o'malley: i would love that heard he's a very good and decent man who has served our country. he would bring a lot of perspective and a lot of wisdom to this race great i think our party could do better in the general election if instead of limiting debate, we have more debate. the more voices of experience we have in that debate, the better we will be. i would love for him to enter into this race. >> do you hope he runs? martin o'malley: i have a tremendous amount of respect for him. i would welcome him here. he's a very good and decent man. i have a tremendous amount of respect for him. it's a problem for the democratic party that senator sanders is a self-declared socialist? does that make his candidacy viable? don't thinkley: i it's a problem for the democratic party but it might be a problem long-term for senator sanders. >> what do you mean by that? martin o'malley: the democratic ofty has a tradition

host: while the one thing the 1% rule has done is it with the trade agreement the tpp. i'm amazed i'm amazed about how people were talking about this at a year ago and it was on anybody's radar and suddenly it's on everybody's radar. there's a lot to be learned about this complicated issue that isn't just black white. it's a complicated issue its have you been involved in that? guest: we been on trade watch.org and she's taken this complication you'll see it on the website and boiled it down to precise shifts of power on democratic procedures, all these disputes go into secret tribunals, which are not part of our court system. that's why the lawyer who teaches at george washington university put on a memo that it's unconstitutional, these tribunals. not only that she shows how people can get involved in congressional district but they blocked the most awesome power combination imaginable. you had the business, the corporate law forms, the hench people in congress, and the, and the president of the united states. and they beat him. i don't think they have half of 1% out

my question, sir, is that there's a lot of adverse opinion about tpp, but what i'm hearing from you, tpp, the majority -- or the major component of it isn't exactly trade and economics as much as it is another way of coming at china in a nonmilitary position. and a lot of the emphasis -- the precedent putting on it is just because we are so reluctant to do battle with china. this is another way of doing it. and also my statement is, that i am really so against chuck schumer becoming the minority leader and his stance on the iran treaty. i think it forfeits him from becoming the democratic minority leader. and i'll get my answer off the air. thank you, mr. perry. >> well, thank you for the question. i won't comment on mr. schumer. i have my own opinions. but let's focus for a minute on china. our economics trade and economic expert, i'm not on this program claiming i am, but i think broadly speaking the obama administration has shown a willingness to engage with china on all levels. at the same time, making it clear to them that good behavior has its rewards and bad behavior will resu

some groups represent corporations fighting for things for tpp, and they fight imperialism. they do things that you and i would disagree with, or all three of us would disagree with. but other parts of the democratic party are fighting to have more rights for unions and increase wages for low-income workers and more rights for people who work so their families can be better off. and those parts of the democratic party, in my opinion, should not be conflated with the other parts. carl davis talks about there being a six-party system in this country and not a two-party system. in that there are a, there are four elements in the democratic party. i feel like i am one of those elements and bernie sanders is the champion of one of those factions and i will do what i can to support him, because i would like to make that faction victorious over the corporations. >> tuesday on c-span, the annual left forum conference from new york city. the event teachers liberal activist talking about the goals leftist politics in the united states. that is tuesday at 8:00 p.m. eastern here on c-sp

so when looked at the tpp, even accepting what you said, the first thing i think about is why is that hispanic person who is trying to create a business in east los angeles, subject to a 25% tax because ford motor company sees in its interests after the auto industry has been bailed out to maintain that protection. why is that choice limited for that individual? now at the same time you have to be conscious of what is really go on in the world. as a free trader, when i see a china company, state owned, i'm very considered. the fact the conventional concern that it is somehow eroding our defense industrial base because so little of that base depends on the microchips that micron produces. i worry about the technology and i worry about the fact that a state-owned chinese company becomes part of our political process. public choice theory, all those thing wes learn, reflects while we should be concerned about that. so when you say there's limit on free trade, i would say we should pursue the idea of freedom choice for the benefit of eliminating those taxes that injure or ability to bro a

tpp which has just faced a defeat in the house. it was defeated in the house, you came on and said they're going to figure it out. the president is active. they're going to get this through. what do you consult your crystal ball? >> i did a little reporting to get ready for the show and based on what i've seen i am confident that once again to the veto override, and the house is going to go first for procedural reasons. i'm confident he will have the votes to sustain the override. >> wait a second. that's key. i want to walk you through the procedure. you're not saying that they're going to win this vote the first time around. you're saying they're going to lose the vote in the house and the senate and it's going to go to the president and he's going to veto it and their game plan is to win the override vote. >> that's correct. it turns out this deal is a revenue measure because the sanctions cost money, so mcconnell, or excuse me boehner sent over a revenue measure that mcconnell is going to use to slip into the measure and the ho

tpp is being worked on now. ttip will be coming up soon after that anderson unique opportunities whether it is through the agreement itself or through that vehicle to have these discussions. find out how can we have some harmonization, the to acceptance in a safe way to help reduce the cost of bringing drugs to market. right now in the united states it takes about 10 years and $2 billion to get a new drug on the market. surely we can do better than that. thank you. >> dr. patrick, you've had a long history of developing and implementing new and innovative ways to battle cancer. i know the whole topic of precision nation is one that's very interesting and a passion for you. can you talk of love that about advancements in this area and application for fda? how does and they need to devolve getting all the fans went in science? >> so i think the issue, and you brought up precision medicine, this is a bipartisan event. it is so fantastic in terms of timing. what i will do is maybe layout, i spent 30 years of my life