tpp gives the u.s. a strong hand in helping to write the rules for trade in this important area of the world. it makes us an active player, not a bystander. tpp will affirm and deepen american's ties in asia at a time when many of our trade partners perceive us as pulling back. many of our friends have made very clear they will judge america's commitment to asia by whether or not we ratify tpp. so in conclusion, from our perspective, the u.s. cannot afford to sit on the sidelines while others set the rules for trade. to create jobs, growth and prosperity that our children need, we must set the agenda. to open the market to american goods and services we need to ratify tpp. with all of our trade agreements we must ensure they're fully enforced. the chamber looks forward to working with your association and i'm happy to answer any questions. and i will be passing out a book later and there will be a test. thank you for your patience. >> man, she's a yellow light lady. she was done on the lady. you were fa

so when we talk about tpp and china a threat, as we do tpp. well tpp is a counter to china and hopefully will get china to then adhere to global standards and rules, which they may not. which is more reason why we should do tpp because it's leveling the playing field for businesses with strong rules in place where they were weak or nonexistent. but my question is, from some of my colleagues that i hear issues back for, back and forth as we debate this issue. even an agreement like tpp that has high standards, as you talked about is only as good as its implementation and enforcement. that's what i keep getting back. for example, i, i have some concerns about governments that develop state-owned enterprises that avoid living up to their tpp commitments and localization requirements that limit the competitiveness of u.s. companies all over security so my question would be first is how can the administration insure that our tpp partners adhere to the rules of tpp should we get it done. because that's always a question that you know, that some have

tpp gives the u.s.ng to write the rules for trade in this important area of the world. it makes us an active player, not a bystander. tpp will affirm and deepen america's ties in asia at a time when many our our trade partners perceive is as pulling back. many of our asia friends have made very clear they will judge america's commitment to asia by whether or not we ratify tpp. so, in conclusion, from our perspective, the u.s. cannot afford to sit on the sidelines while others set the rules for trade. to create jobs, growth, and prosperity that our children need, we must set the agenda. to open foreign markets to american made goods and services we urgently need to ratify tpp, and with with all trade agreements ol' and any we must make sure they're fully enforced. the chamber looks forward to work with your association and i'll be passing out a book later and there will be a test. thank you for your patience. >> man, she is a yellow light lady. we have a lot that we have to be concerned about. now i have

. >> i'm sorry, tpp. i heard concerns that it's problematic. the financial services, our international services, the companies are not being treated. it's not like non-financial services. >> we opposed the requirements. i put a considerable amount of effort into making sure that was not required in parts of the services industry like electronic payments where it was no more than and in the area of financial institutions, they feel they need to guarantee access to timely and appropriate prudential information. also the needs of regulators to be guaranteed information. we are trying to work our way through to see if we can thread the needle. tpp is closed so we can't reopen it. in a side piece, the question is going for the. >> i think the financial players provide data that they need to do their job. they are meading expectations and the biggest investments in the world that are headquartered here. >> the problem did exist in the 2008 crisis. it's not ancient history. >> i understand and people changed a l

do you think that assuming you get the tpp done, is this the last big u.s.lateral deal we're going to see in a long time. >> what's interesting is the transatlantic one in different parts of the world different people object to it the hole wholly different contra particularly reasons and you find people against it for multiple reasons and it's hard to build one for it. >> trade does dislocate people let's face it and in the political party it's folks who are left out because manufacturing jobs is close the down whether because they moved offshore or because they're robots in all kinds of modern techniques that have made them irrelevant. the nature of work is change in this country and we have to address it and the trade adjustment systems doesn't work and anybody who wants a better future better address this issue. or else this younger generation who loves bernie sanders and loves donald trump is not going to join with the owe called establishment. >> bret is going to say something positive i'll say something negative. i think that withdrawing or pulling bac

tpp, which is a trade agreement between the united states and about 11 other countries including mexico and canada, who we already have a trade agreement with. the biggest would be japan, from an numberia -- an economic scale. this agreement has been reached. legislationt inc. has not been introduced and would need to be passed by congress. there is a debate about this. donald trump says he opposes it. ted cruz, hillary clinton, and bernie sanders all oppose it. i don't think john kasich has spoken out on it recently. when you look at the potential benefits for manufacturing, frankly, they are limited sector.of the tech even the analysis that is used by the administration to make the case for the tpp, it is an by an appropriate think tank here if their .stimat -- for manufacturing specifically, they estimate the tpp would increase our manufacturing and trade deficit by about $55 billion and the estimate keeps going up. .irst it was 120,000 that is precisely because these countries have policies that lie outside trade agreements that would make it difficult for us to export and make it e

we' the tpp will require 95% of imported items. political maneuver is heating up. tell us more. >> lower house lawmakers will be holding a question and answer session on the bills during a preliminary session onuesday. the ledgelatigislation will als include support for farmers. after that, they aim to start deliberating the tpp related bills at a special committee. but the opposition camp is asking for details on japan-u.s. negotiations before going on to the deliberation stage. prime minister abe is scheduled to attend the q&a session. >> translator: a thorough explanation is needed to address people's concerns about the deal. we aim to lead efforts, to put the tpp pact into effect as soon as possible. >> but members of the opposition democratic party are demanding disclosure of information before the special committee deliberations can begin. they want to know what the top negotiators of japan and the u.s. talked about and details about what compromises were agreed. >>> two of the world's leading companies, toyota motor and microsoft, are teaming up to collect b

i didn't expect obama to be such a champion of the tpp.ighted the administration has done it. i think they are doing, saying exactly the right thing. it is not a matter of prosperity. it is also strategic interests. we have to telegraph the american people there are going to be rules and terms of global trade. the question is, do we want to be the rule setters or allow the chinese to be the rule setters, because they are waiting in the wings to do this. when you hear someone like donald trump oppose tpp, or very sorry to say, hillary clinton, that is baiting the field for asia. john micklethwait: we spent 100 years trying to force free trade on the world. free trade has always been -- you look at history, it has always been difficult to push through on a popular level. the winners are much more broadly spread. obama has come through more recently than i expected. behind thetle bit scenes, which obama is not good at, going around and persuading other people. he does not do quite enough. but both in the united states and germany, they suppor

we have seen bernie sanders, donald trump, even hillary clinton come out against tpp.s obviously a very strong populist opposition to the supposedly benefits of globalization and u.s.-led trade. i am wondering what you think is a matter of proper messaging on the part of the u.s. president. what is actually a reality that the americans are not going to be able to cheerlead on free trade agreement. >> i didn't expect obama to be such a champion of the tpp. i'm delighted the administration has done it. i think they are doing, saying exactly the right thing. it is not a matter of prosperity. it is also strategic interests. we have to telegraph the american people there are going to be rules in terms of global trade. the question is, do we want to be the rule setters or allow the chinese to be the rule setters, because they are waiting in the wings to do this. when you hear someone like donald trump oppose tpp, or very sorry to say, hillary clinton, that is feeding the field for asia. john micklethwait: we spent 100 years trying to force free trade on the world. free trade

john kasich says he supported the tpp but is not spoken out on it recently. when you look at the potential benefits for manufacturing, they are pretty limited as that of the high-tech center. even the analysis that is used by the administration to make tpp is anor the analysis that has been done by the peterson center for economics. their estimate is that there might be some modest positive benefits for the overall global economy. it is very modest. for manufacturing specifically, they estimate that the tpp would increase our manufacturing trade billion andbout $55 the estimate is going up. it would cost 20 to 30,000 manufacturing jobs. other countries have mercantile policies that lie outside trade agreements. it would make it difficult for us to export an easy for them to import. we would lose a lot of manufacturing jobs so the question is, is this worse for there is aursuing tiny economic benefit that are pretty big challenge for manufacturing? the host: let's talk about about expansion of manufacturing. mexico inory in itico for small cars -- outlined a 2

and at this point, will tpp, which is at the front of the cue, have to wait for congressional approval until the lame duck session at the earliest? and chancellor merkel, you said yesterday in turkey that you favor the creation of a type of safe zone in syria. president obama has said in the past that he opposes these types of zones because while they are well intentioned they would require military force on the ground to protect the safety of the people. i'm wondering whether you're going to try to convince president obama to rethink his position on these types of safe zones and how you would see them working in terms of enforcing safety on the ground. thank you. >> with respect to trade, i think what you're seeing around the world is people are unsettled by globalization. and although trade has brought enormous benefits to many of our countries that have been engaged in trade, although typically jobs that are produced from exports have higher wages and better benefits than those that are not involved with the export market, people visibly see a plant moving and jobs lost and the narr

the tpp negotiations concluded last year but they are causing disagreement in the japanese diet. opposition lawmakers want the government to provide detailed information on how they played out, but prime minister shinzo abe said that could harm the national interest. numbers of a committee met friday to discuss a bill to approve the deal. opposition lawmakers argue they need more information before they can judge whether the talks were in japan's interest. another point of contention is a book that the chairman had planned to publish. opposition lawmakers suspect they helped them write the man script that contains details of the talks. lawmakers boycotted the meeting and the debate was suspended for more than six hours. he will explain the deal to the committee. >> translator: in our answers to your questions of this committee, we will explain how the tpp will talk to the people. we will give a thorough explanation of how we will deal with the expected impact of the deal. >> but he said disclosing information on recent negotiations would harm japan's relations with other countrie

and at this point will tpp have to wait for congressional approval? until the lame duck session at the earliest. and chancellor merkel, you said yesterday in turkey that you favor the creation of a type of safe zone in syria. president obama had said in the past that he opposes these types of zones because while they are well-intentioned, they would require military force to protect the safety of the people. i'm wondering whether you are going to try to convince president obama to rethink his position on these types of safe zones and how you would see them working in terms of enforcing safety on the ground? thank you. president obama: with respect to trade, i think what you are seeing around the world is people are unsettled by globalization. and although trade has brought enormous benefits to many of our countries that have been engaged in trade, although typically jobs that are produced from exports have higher wages and better benefits than those that are not involved with the export market, people visibly see a plan moving and jobs lost and the na

he wants tpp to be approved. you approve tpp and as you know, kasich, he approved nafta. you know what nafta did to your area? it's a disaster, okay you? don't want these guys, folks. you know what? they're all controlled by special interests, controlled by the money that they get to run against me. i'm running, i'm using my own money. i took my plane, i come up here, i'm paying for it. [cheers and applause] >> and when people come and say well, you have to do this, they were a big contributor. who knows that world better than i do? nobody. i've been a politician now for nine months. who knows the other side better than me, and they have lobbyists and they have special interests, have total control over cruz, total control over hillary, she's terrible. i watched her last night in a debate. we probably have sanders fans, right? do we have any? that's okay. no? because you're pretty close to his territory. you're pretty close. you know i'll tell you i'm not a fan, i'll tell you this, we have one thing in common. he knows our country is ripped off in trade. the difference is

. >> tracy: the tpp will open a huge agricultural market for japan. it will enable its farmers to set up sales channels overseas and the compete globally. >> the prime minister said the deal would boost japan's gdp by $130 billion. he said the results would improve the lives of people across the country. abe also said the tpp would help japan offset its population decline and achieve robust long term get. the opposition democratic party's policy chief accused the government of concealing the details of the negotiations. but economic revitalization minister said it is bound my strict confidentiality. >>> leaders are set to spend big on public work projects to buoy the economy. they plan to use most of their new fiscal year budget in the first six months. >> translator: i explained our plan for the budget and i asked the ministers to get on board. >> ministers want to spend 80% of the budget, or nearly $110 billion by the end of september. they'll be putting the money into roads, ports, sewer systems and much more. they'll also be assigning cash to scho

tpp. a lot of attention from all the presidential candidates. none of them have been favorable.an interview on bloomberg go this morning, penny pritzker defended u.s. trade policies and explained why she is optimistic that epp will pass. -- tpp will pass. >> companies need to explain to their workers that their market is broader than the united states. that 95% of customers are outside the united states. that 11.5 million jobs in this country depend solely on our ability to export. i think it is really incumbent upon business leaders themselves to talk with their employees about the facts about their business. >> talking specifically about the tpp, i know that is important for the administration and for you. you have limited time this year. a presidential election year. people on both sides of the aisle who don't seem to be supporting it. how realistic is it to think you can get that through this year. i thinkan optimist and we can get it done this year because i think at the end of the day putting aside the political rhetoric, the facts are if american companies don't have acce

saying, you do not have to be part of the tpp. have our own trade deals, but they also recognize this will be part of the future, the high standard trade agreements that have more protections for intellectual property, environmental issues, standards, as well as the treatment of workers in terms of health and safety. i think they recognize that someday, they would like to be part of it, but right now, they cannot meet these high standards, which is why we approve the tpp. this is really setting a much higher stage of trade agreements , that many people in america are frustrated about. they are saying, hey, american workers, american companies have to live up to these higher ideals, whether it is health and human safety for workers or environmental protection or the use of pesticides, etc., etc., chemicals on farms, why aren't our trading partners having to live up to these same standards? it puts american companies at a disadvantage. that is the advantage of the tbp. it is a higher standard that really puts american workers and am

tpp at this point will have to wait for congressional approval? merkel, you said yesterday in turkey that you favor the creation of a type of saison in syria. president obama had said in the past that he opposes these types of zones because while they are well-intentioned they would require military force to protect the safety of the people. i'm wondering whether you are going to try to convince president obama to rethink his safeion on these types of zones and how you would see them working in terms of safety on the ground? thank you. tosident obama: with respect trade, i think what you are seeing around the world is people are unsettled by globalization. and although trade has brought enormous benefits to many of our countries that have been engage in trade, although typically jobs are produced from exports have higher wages and better notfits then those that are involved with the export market, people visibly see a plan moving and jobs lost and the narrative develops that this is weakening rather than strengthening the position of ordinary peop

tpp, trans-pacific partnership, is going to destroy the state of new york, believe me.get it stopped. cruz wants it, kasich wants it, we've got to get it stopped. i'll negotiate deals, folks, that will bring back jobs. we can't go with this. you know, tpp is composed of many countries, and what they're doing, the agreement is from 5 to 7,000 pages long. every one of those countries knows every word of that agreement. we probably, our guys, i don't even think they read it. just like obamacare, which, by the way, we're going to repeal and replace, okay? it's a disaster. do you know that our politicians, there's practically a politician in washington that read that monstrous agreement? your doctors will tell you it's a catastrophe. we're going to get rid of it, we'll have great health care, it's going to be better for the country and it's going to do a great job. look what's happening. your premiums are going up 30, 35, 45, 50%. it's a disaster. we're going to get rid of it. illegal immigration. who loves the idea of the wall? [ cheers and applause ] [ chanting ] >> 100%.

keep in mind that tpp reduces the tariffs at twice the rate of any previous deal.o it's not good for american workers but accelerates the bad part of that. we understand where the industry is. we're the ones remaining here making shoes. help us compete and we'll sell it at cost to the military so the u.s. consumer won't pay an extra nickel for the shoe. this shoe is the only shoe in the world that's 100-percent sourced in the united states. >> having said that, how did the wheels come off this deal? >> brian, i wish i could give you that answer. we didn't want an earmark contract and things got quiet. in the last 60 days i've had three appointments with the undersecretary of defense all of them cancelled within one day of appointment happening. we simply can't get through. >> you can't get through. so you're saying i'm going to tell the american people about this deal. and bring it forward and tell everyone, by the way, the tpp is not good for american business, even though it might help the consumer in the short term with lower prices? >> well all you have to look

the european -- the economy and if i look at the progress that was made with the transatlantic -- the tpp, the trans-pacific agreement, i think we ought to have an interest in speeding matters up and i hope and trust that the american president will continue to support these negotiations, we should do our bit in order to make this a success. thank you very much. again, for this visit and i'm very much looking forward to the other things that are sort of lining up for us today and tomorrow and i'd like to welcome you on behalf of the german citizens, on behalf of the citizens of hannover. >> well, let me say thank you to chancellor merkel for your welcome. it is wonderful to be back in germany. i believe i'm the first u.s. president to visit and spend time here in hannover and our magnificent surroundings reflect the history and beauty of this city. it is always a great pleasure to be back with my friend and partner angela. i have valued chancellor merkel's thinking and perspective on a whole range of global issues throughout my presidency. you have been a trusted partner throughout my ent

do you think tpp is dead, sir?t likely democratic candidate says i don't believe it's going to meet the high bar i've set. the most likely republican candidate says it was a deal that was designed for china to come in as they always do through the back door and totally take advantage of everyone. >> i do not believe that at all, in fact, i think tpp is very important to our economy. in fact, every year that we delay tpp costs us nearly $100 billion in present value at the foregone benefits that we would get from that agreement. the support for it is growing. trade associations, business groups representing businesses from large to small, have consistently come out for it. every week, new groups come out for it. the authority to negotiate that agreement was passed on a bipartisan basis in congress last year. and we hear from a number in congress that understand the importance of getting it done this year. so we're going to continue doing that. it continues to be economically important and continues to be something t

the senator was talking about with respect to tpp or perhaps fracking policy. think you need to step back and recognize that sanders has moved clinton over far further than a lot of people thought she would. she had them come out and say tmm is not something to endorse. what you mentioned just now, citizens united as a litmus test, she had come out and said she will not appoint someone who wants to keep citizens united in place. these are big extractions already. >> here's the question. does hillary have any call on this? just because he had delegates bound to her in the first ballot, are they bound to her in the platform or can bernie poach a lot of her delegates? >> i'm not familiar with rules of the platform committee. it's my understanding he could have some. keep in mind, bernie has not just moved clinton but the party at large. is that the type of platform we want to be associated with. i think they say yeah, we do. >> the washington post gave us a preview of the way the republicans will attack. looked like one of those soviet posters. i think everything

and our committee has asked to undertake a national consultation of tpp.t is what they're doing now, very important process. can i say one thing about trade overall that connects with some of the earlier interviews you have been doing today? anna: yes, go ahead. so, i was really interested in the discussion to having earlier about global growth. and the global economy, perhaps i think one of your interviewees said there is an amber light flashing. i think is very important when thinking about trade to understand that this is a level we have that cost the treasury absolutely nothing to get global growth going. it is really, really important. i think that the slowdown in global growth is one of the biggest problems the world is facing. and the is an essential part of the answer. our own estimates, we did a study together with the eu, which we think is on the low side, is that this deal will increase european and canadian trade by 23%. the impact on the canadian oneomy will be nearly percentage point of gdp increase. that is really powerful. is ahat message o

this tpp, by the way, and fast track trading is title disaster for this -- total disaster for this area and our country and they're in favor of it and i'm against it. boy, am i right, it will make nafta look like a baby. it is worse than 1/2 taft you better make sure your politicians better not approve it. when i get in office i will get real trade deals that bring our jobs back. rely on it. rely on it. [cheering] rely on it. so, but isn't that amazing? i said give me a little information on the area. i know the area well. i thought you were doing better than that! so here's a story. i was just talking to some of the very talented reporters backstage and, you know the system, folks, is rigged. it is a rigged system. now you have to understand, i'm not complaining about the states that i won. those are okay. of which i won i think 22 and cruz won 10. did you ever hear him say, i'm the only one, lyin' ted cruz, lyin' ted, has bible up here, puts it down. he is a liar! [shouting] oh, boy, does he lie. but the system's rigged. and i'll tell you what. when you look at colorado, people can sa

and they don't want to have that in the tpp, trans-pacific partnership.now they talk about it like it's this wonderful thing. let me tell you. nafta was a disaster. tpp is going to be worse and we can't let it happen, folks, because that will drain the rest of the jobs away. we can't let it happen. if i'm president, the first day, boom, it's over. you know, they are trying to push it through fast. you know what it is? 5,000 pages with all of these countries that are looking to do numbers on us, 5,000 pages that none of our people even read. i don't believe they read it. and these other countries, they know every word, every comma, every sentence, every paragraph. we don't -- i don't even think our people read it. you know, the obamacare as you know, thousands of pages, they talked about it. we are going to repeal it or replace it 100%. 100%. but obamacare, you know, when they went through the congress, practically nobody even read it and it's a sds tdisaster, by th. the premiums are going up 25%, 35%, 45%, 55%, it's a total disaster. i will die of its own

japan's lower house special committee on tpp related bills kicked off on thursday. the main opposition democratic party is sharply criticizing how tech in most of the material submitted by the government is blacked out. the documents detail points of contention during the negotiations. >> translator: i have never seen materials as blacked out as this. without necessary information on the negotiation process, it is impossible to decide whether they were truly in japan's national interest. >> translator: diplomatic negotiations do not materialize if the process says leading to their conclusions are readily made public. >> the government and ruling parties claim confidentiality agreements limit the information they're able to disclose. they plan to detail the content of the free trade pact, and measures to support farmers. >>> ride sharing services have become a global phenomenon. no nonprofessional drivers use their own vehicles, but in japan, only drivers with special licenses are allowed to offer such services. the best ride sharing program is launching a trial prog

treasury secretary jack lew talking about the importance of the tpp.isten to what the treasury secretary said. >> the transpacific partnership is an agreement that's very much in the interest of the u.s. economy and american workers. >> we have to make the case why this is good. i accept that, we accept that. i'm arguing the merits of something that i think are profoundly important, promoting a strong u.s. economy and strong opportunities for u.s. workers. >> and the treasury secretary, wilfred, has been on this kick to really promote u.s. engagement and leadership in the global economy. part of the reason has to be because of what they're hearing on the campaign trail. it's not just republicans like donald trump. it's also bernie sanders and hillary clinton that have bashed the tpp and have talked badly about trade policies like nafta, threatened to rip them up. there is this idea that we're moving, like britain and other places, toward more protectionist policies. the only thing the treasury secretary consider do at this point is come out and defend

i think that's been quite clear all along and it is fair to say that senator cruz does support tpp. in fact, it was senator cruz who actually did an op-ed with paul ryan pushing for tpa which is fast track for all of obama's secret trade deals. senator cruz himself on other pieces of legislation have said, vote for cloture is same as the vote for the bill. and that is what it was. cloture not just for the pacific agreement but the services agreement including back door amnesty and these type of trade deals coming up that senator cruz pushed for fast track on include agencies that allow corporations to sue governments when they implement regulation that hurt their profits. that is obscene and it is absurd and senator cruz pushed with paul ryan to push that measure. >> go ahead. >> first of all, senator cruz voted for trade promotional authority and then said he regretted the vote, opposes it now and something katrina needs to understand, i would hope she would understand is that trade promotional authority is not the same thing as the transpacific partnership. trade promotional autho

tpp of course is a trade deal with asia. melissa: meanwhile we are just hearing from donald trump on this. trump has publicly pressured ford to drop its plans to build a plant in mexico. he says, this is disgrace. these job crushing transactions won't happen when i'm president. i feel like remedies for these things are very different, pretty shocking too. david: president obama punishing those who go abroad for jobs. others say we should provide incentives here so they don't go abroad. melissa: they should pay their fair share of taxes. that drives me nut. who decides what is fair. david: it ain't fair. melissa: secretary of state john kerry says iran is less of a threat now thanks to the obama administration. david: oh, really? melissa: as russia plans to ship iran a new missile system. you know all the weapons the navy confiscated yesterday? you can bet lieutenant colonel oliver north has a lot to say about this. he joins us next. david: has america lost its identity? are faith and values under fire? results from a new pol

the tpp is a horrible deal. this is one of the worst trade deals, and i would, yes, rather not have it. in the history of the world, there has never been a greater theft than what china has taken out of the united states. >> you talk about free trade, it's not free trade, it's stupid trade. >> you'd be hard-pressed to find a single trade agreement, by the way, that he would support these days. there's also not a treaty that trump likes. he's called nato obsolete. here's trump on the geneva convention and the u.n.. >> geneva convention, we have all sorts of rules and regular layi regularlations, our soldiers are afraid fight. the united nations is not a friend of democracy, it's not a friend freedom, it's not a friend even to the united states of america, where, as you know, it has its home. >> for trump, even the most complicated foreign policy challenges can be solved through the art of the deal. even peace in the middle east. >> the hardest thing to do is that in terms of deal, if you're a deal person, right,

abe was asked about various concerns over the tpp, especially related to the farming industry. it's expected to face the biggest impact. >> translator: my administration takes the continuing worries of farmers seriously. we will take all possible measures to strengthen the agriculture and fisheries industries. >> abe reiterated the importance of the pact, saying it would create a vast economic zone covering 40% of the market and would raise japan's gdp by $100 million. when asked about the possibility of the u.s. requesting to renegotiate, abe said he would not accept the demand, adding the agreement is the result of long and delicate negotiations. >> the u.s. dollar is continuing its slide against other major skrins. gene otani that's the details along with other business headlines. gene. >> thanks very much, james. the dollar dipped to the lowest level in 17 months as many traders sold the u.s. currency. they were reacting to minutes from the federal reserve that policymakers are cautious about another rate rise. as you look at this graphic you see that white line crossing th

countries like the tpp countries. what does it mean to hire labor ?ndards these are somewhat abstract questions but if you have high labor standards and low labor standards and other countries it means the other countries are always going to have lower costs and be able to be you. as they raise their standards and meet our kinds of labor and environmental concerns and our kinds of business practice concerns the playing field because more level. i think one of the challenges we have is how to make sure things like trade adjustment systems do not just get public attention at the moment when there is an ofort to pass the promotion the authority bill or the trade agreement. the has to be attention on those issues in the intervening years. we tend to have challenges getting our system to focus on these things except at the moment when we are trying to get approval for trade legislation. the fact that we could get a majority of congress to support the promotion authority is quite significant. all of us who believe the benefits of u.s. economic leadership ar

they very much want to have a good bill of health because they are hopeful congress will ratify the tpp treaty and in addition to which they regard themselves correctly as an influential player in that region of the world. they know what they do is often cited by what other countries do. they want to know what the international community is appreciative and acknowledges their leadership in ways that the international community finds disruptive. so i go to a country like that and i will meet with government officials. it may not happen in the sequence, but they're groupings. government officials, top official at the foreign ministry, the security services, their council on religious affairs, committee on religious affairs that deals with over seeing religious affairs in the country, and we went to the central high lands where ethnic minorities live who feel pressured in terms of their religious life than they do in other areas of the country and we meet with officials there. we met with religious leaders to finds out exactly what their situation is, what their hopes are for changes that

trump also blasted his rival, texas senator ted cruz, and criticized him for supporting the tpp. >> and as trump's opponents keep campaigning, john kasich and ted cruz are a distant second and third ahead of the new york and pennsylvania primaries. republican voters in both states support the billionaire. fox news says both republicans and democrats are preparing for contested conventions. the possibility for any candidate to clinch the nomination continues to fade. >> today many are mourning the death of former new orleans saints' player will smith who was shot and killed last night. >> authorities say he died of multiple gunshot wounds after what appears to be a road rage incident in new orleans' lower garden district. police say smith's car was rear ended by a humvee. words were exchanged, and hayes pulled out a gun and opened fire. 34-year-old will myth died at the scene, his wife was also wounded in the leg. >> at this time we do not have any information to suggest that they knew one another or that this was anything other than an accident that turned into a dispute, disturbance th

secretary general and the party's diet affairs chiefs discussed a bill aimed at seeking approval of the tpp deal. it's now under deliberation at a lower house special committee. they say deliberations have been delayed due to the earthquakes in south western japan and other factors. they say it would be difficult to extend the curran session as an upper house election will be held this summer. the secretary general and the others plan to meet next week to discuss how to handle the bill. >>> here is a look at some of the other business stories we're following. >>> brd mbersfajor japanese retailer and i holders havehosen n presidt. the curre earlier this man suzuki announced his resignation after board members rejected a proposal to change the head of 7-eleven japan. the new management team is expected to take office after a shareholders meeting scheduled for may 26. marubeni has down-graded its earnings projection for the last fiscal year following a slump in oil and commodity prices. it expects to post $550 million in net profits for 2015 one third of initial estimates. officials cite losse

i think tpp is good for national security and good for the american worker.he reason is it is giving our companies access into the region, the more presence that we have, in the aish pacific region greater stability that there will be in that region, and we are being weld vietnam wants malaysia wants us there if we do more business you've got to raise labor standards you've got to be more respectful of environment so that we are not our companies are not at a you disadvantage we don't have barriers to doing business in united states so -- >> that is the problem -- >> no. >> china has 10 industries that they deem as foreigners cannot own at all forget more than 49% not happening a foreign will not be allowed to acquire defense company in china, like oil, like food, do we have any protections around our to a very i. >> sure, we have a program if you are trying to buy a company that is critical to our national security that goes through a government review so the idea that that that we're not protecting our critical industries is -- is a mis-- perception but wha

one other issue we should note is that in tpp this is a reciprocal agreement. so whatever we ask them to do, we are agreeing to do the same. and when we have very long discussions about how to make currency -- put currency in there and make it binding, our treasury guys were quite frustrated because from their view they did not want to give up that policy space. can you imagine congress allowing foreign countries to sanction our fiscal policy? that's what putting binding currency provisions in a trade agreement would do. and while, again, we agree currency is a real issue. we would like to see whether it's g-20, g-7, the imf, a financial body, not a trade body. >> another question? >> will you ever eliminate foreign governments -- it is good thing to do for a foreign country. we should do for the same reason -- lobbyists in washington [ inaudible ] >> as an american who lived abroad two decades of my career, i can tell you we play by rules nobody else in the world does. and, you know, our companies, our farmers, your constituents are disadvantaged. it is our be

was barack obama a real democrat when he cozied up to wall street and pushed for the tpp? is that being a real democrat? is failing to put glassed eagle back in place by the democrats like barack obama and hillary clinton, is that being a real democrat? is giving workers the short schiff being a real democratic? this isn't packers, versus vikings versus redskins. right now we have a problem because americans don't earn enough to live the type of comfortable middle class lives they used to. i'm sick of the pom poms. as i said, i've been a member of the democratic party since i was quite young. for years i believed that the bill clintons of the world, the jimmy carters of the world, the barack obamas were going to look out for working people and they haven't. and frankly, i don't care what label they have in front of their name. that word democrat doesn't mean anything to me. >> rocket within an independent in greenville, north carolina. hello, sir. question or comment here. >> caller: my comment is that bernie sanders has been vetted. by the clinton machine and they can't f

do you think tpp is dead, sir? the most likely democratic candidate says i don't believe it's going to meet the high bar i've set. the most likely republican candidate says it was a deal that was designed for china to come in as they always do through the back door and totally take advantage of everyone. >> i do not believe that at all, in fact, i think tpp is very important to our economy. in fact, every year that we delay tpp costs us nearly $100 billion in present value at the foregone benefits that we would get from that agreement. the support for it is growing. trade associations, business groups representing businesses from large to small, have consistently come out for it. every week, new groups come out for it. the authority to negotiate that agreement was passed on a bipartisan basis in congress last year. and we hear from a number in congress that understand the importance of getting it done this year. so we're going to continue doing that. it continues to be economically something that we know a majority